As of writing, UsdChf is at its peek. It may go up again but I dont think there is much to go. It is time for any of you to take profit and run away. EU, GU, and AU is at the bottom and UChf is at the top.
I am currently holding UJ only @ 107.90. A long wait before it can profit since UChf is at turning point.
I am on my way home now, stop by a coffee shop and they have wifi here. Happy trading everyone.
TAKE YOUR PROFIT AND RUN AWAY
Thursday, July 31, 2008
Forex Market Turmoil
Wednesday, July 30, 2008
My recent excellent trading week was followed by a less than stellar week. Basically, I was caught by surprise when the US markets, and hence the US dollar, started to make a comeback.I've been cutting my teeth in the forex market for over a year now, but this entire period has been associated with a weakening US dollar. The market mechanics seem to be changing around -- so I'm finding it more
STILL TRADING BUT NOT SERIOUSLY
Monday, July 28, 2008
Currently staying at Belmont Marco Polo. Room is ok but have wifi. Guess what, I brought my laptop along.
Early morning open the chart and couldnt resist looking at UsdJpy doing double top. Now shorting UsdJpy from 107.90.
At the moment EurUsd is also turning and will continue its journey down. Something to look for tomorrow morning. No signal for this week coz I am on holiday.
To all you guys out there, happy trading everyone and btw short GbpUsd on next high
PERFORMANCE JULY 2008
Friday, July 25, 2008
As of writing I have closed all position and I may not trade again for this month. Tomorrow morning I will be going to Tawau by road. It will take 8 hours of driving and will be in Tawau till the end of the month.
I hope all of you had a good month of trading this month. My system generated a total of 17 signal this month with accuracy of over 90%. Attached is my statement for this month. Feel free to study it.
FREE FOREX SIGNAL 23 JULY 2008
Wednesday, July 23, 2008
Last week signal for GU, EU, AU and Ucad is still holding. This week a short term trade signal is generated
Short Gbp/Jpy @ 213.90 or better
Trade with caution
MARKET REVIEW 21 JULY 2008
Monday, July 21, 2008
Its Monday again with Forex entering super slow motion. Last week position of UJ has been closed with 280 pips profit. Position of GU, EU, AU is still holding.
This week I will be looking to short Jpy pairs with no.1 choice of Gbp/Jpy. GJ is expected to reach last week high again and thats is where entry point begins. As of now I would short GJ @ 213.50 or better. Meaning you dont have to enter at the exact point, just watch the strength and enter when market is turning.
I will post signal later for confirmation. In the mean time go do something else. Its monday, no forex magic happens on monday.
Friday Forex Recap
Saturday, July 19, 2008
This has by far been my best trading week...I might have made more in the past but it was admittedly just hit and miss combined with patience. This last week I've been following technical indicators and doing more than just hope for the best at Bollinger boundaries.Sunday PM through Monday PM -- NAV +3.05%Tuesday AM through Tuesday PM -- NAV +2.93%Wednesday AM through Wednesday PM -- NAV +8.2%
Thursday's Forex Results: NAV +3.9%
Friday, July 18, 2008
Believe it or not I'm not enthused about today's earnings.They just didn't seem to be coming naturally. I don't know how to explain it. The markets have been ranging for the last couple of days so maybe that is what's wrong. I actually closed all open trades a few times today -- just so that I could get out of the market and not be exposed to any risk.Maybe I'm just tired?Anyway, I expect
Wednesday Forex Gains: NAV +8.2%
Thursday, July 17, 2008
Like the title said, today was a great day!A short morning session yielded two or three percent. The rest of the day went very slowly, but I was able to wrestle pips out of the market again and again.Basically, I'm watching charts very closely, looking for setups. I've got some work to do to improve my timing, but in general I seem to have a good collection of indicators that keep me from
Day Trading and Scalping
Wednesday, July 16, 2008
Things are still going very well, but I have to admit I haven't been able to pick off huge gains this week. Not yet anyway.Here's the scoop...Sunday PM through Monday PM -- NAV +3.05%Tuesday AM though Tuesday PM -- NAV +2.93%This is okay, but I see large profits left on the table. It's strange, in order to make it easier to pick up pips I'm working on the 1M and 5M charts. This is pretty good
FREE FOREX SIGNAL 15 JULY 2008
Tuesday, July 15, 2008
Finally, entry is here
Short AUDUSD @ 0.9720 or better
Short GBPUSD @ 1.9950 or better
Short EURUSD @ 1.5940 or better
Short GBPJPY @ 211.75 or better (Same signal as last week)
Another entry has present itself
Long USDJPY @ 104.00 or better. Closed @ 106.80
At the moment these are the best possible entry. Need I remind you that my style is for me to take top and bottom. This style may not suit some of you. Trade according to your own style and margin. Manage your money and risk properly.
Update: Entry has been chosen
In case some of you are wondering. Here is my performance for this month up till today. 
MARKET REVIEW 14 JULY 2008
Monday, July 14, 2008
Its Monday again with Forex entering super slow motion. Last week we saw a decline in USD despite double good news on friday. It is what I call pushing the market. Someone or a group of people with lots of money is pushing the market opposite of the direction of economic news. This sometimes happens and there is nothing we little fish can do about it but there is a good news. No matter how much you push, it will eventually follow its direction. Forex is an economic instrument afterall. It is influence by supply and demand as well as speculators.
Last week we saw Eur and Aud being the strogest of them all. As a result both has gain over Usd and Jpy making new high but the way I see it, it is a temporary move. The main move is for Usd and Jpy to go higher resulting a fall for Gbp, Eur and Aud being Gbp will be the most affected.
So this week I will be looking to short all Gbp/Usd, Eur/Usd, Aud/Usd, Gbp/Jpy, Eur/Jpy and Aud/Jpy. The question remains is the entry point. From my currenty view entry would somewhere around last week high.
Happy trading and remember to manage your risk at all time. If you are a scalper you may take entry on the downhill movement. As for me I will take top and bottom.
Trading Week Recap
Saturday, July 12, 2008
It's been a great week. I've been able to apply a new strategy dealing with negatively correlated pairs and I've also been able to put together a couple of reasonably successful days by working to curb my greed and waiting for appropriate entry times based on my signals.How successful were these last couple of days?Yesterday I increased the NAV on my high risk account by ~5.6 percent. Today I
INTERNET CONNECTION IN MALAYSIA
Friday, July 11, 2008
Currently my Streamyx connection at home is making me sick. Everytime there is a change in temperature the line disconnect. I have done a lot of complaint to their customer service and nothing has been done to rectify the problem. At the moment no point complaining, nothing can be done to save Malaysia monopoli broadband company Streamyx by Telekom Malaysia.
As for celcom, I am currently using it everytime Streamyx fail, which is most of the time. Sorry to say, Celcom is not much better than Streamyx. Service is below satisfaction with data coming in at a very slow rate and is not constant.
Looks like I am going back to stone age here in Malaysia. With the current political warfare, dont know what will happen. Just can watch and see and pray.
This week is a good week for forex. Huge profit in the bag. Currently looking to short GU, Eu and AU. Entry point is already here but its friday. Better wait for next week for reentry. I will post reentry next week and hope for profit as this week.
Good luck to all of you
Overcoming Greed
No, I'm not here to tell you that I've overcome greed.However, I can tell you how damaging it is to let greed get involved in your decision making process. Generally, it works like this:You see a pair moving in a direction, let's say up, and you want aboard before the big move.You grab a piece of this pair right then, so you won't be left behind.You look at your charts and see that you've bought
Forex Fun and Profit with Correlations
Thursday, July 10, 2008
What is the first thing that comes to mind when you think of Forex trading? I'm willing to bet that it isn't fun.Well, recently I've been enjoying trading a little more than usual.While doing a bit of reading I found a link talking about currency correlations. Go take a look at the charts provided (scroll down a bit). Notice anything? Generally, when a currency pair you are holding rises or
FREE FOREX SIGNAL 9 JULY 2008
Wednesday, July 9, 2008
Short Usd/Jpy @ 107.40 or better
Short Gbp/Jpy @ 211.75 or better
This may be a short term trading signal.
Previous signal still holding and in profit.
Update 11/07/08
Short Eur/Jpy @ 169.00 or better
All GU, EU and EU post closed. Looking for reentry point.
Weekend Forex Intermission
Sunday, July 6, 2008
Though my wife is happy that there isn't any Forex trading during the weekends I certainly wish there was. I enjoy trading but generally don't have that much opportunity to do so during the work week... and I'm anything but a full time professional.So, the past week was fairly successful. Thanks to the recovery in the AUD carry trades I managed to catch a nice downturn in the EURAUD. I did
FREE FOREX SIGNAL 2 JULY 2008
Wednesday, July 2, 2008
Trade at your own risk
Short GU @ 1.9950 or better
Short EU @ 1.5800 or better
Update 3/07/08
Short AU @ 1.9600 or better
Update 9/07/08
GU closed all position
EU TP 1 post
AU TP 1 post
Direction stays but correction is coming. Time to manage your SL
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