Wats Up FOREX!?

Sunday, September 14, 2014

15th Sep 2014

its Japanese holiday today. dont expect much volatile on tokyo session. Manage to secure a trade.... we will see....

Monday, May 26, 2014

Hi guys, i will resume my analysis section:
this week highlight trade will be JPY pairs. below picture showing the UJ pairs. i have enter at the 00 place with lots of resistance where you can see in the chart some spikes shows at the level. . but the daily chart is a bit choppy. still enter the trade. but follwing it closely.

well, trade goes fake out. well, if you have adjust the SL it will hit BE. and greediness make me a -20 pips loss on this.

got my self another entry when the price retrace. =) it time to get BE as it got the the quite hard levels.

Wednesday, May 14, 2014

Something i really want to share

Being in the fore market for 5 years, i have been looking through a lot of things. From a newbie, i was attract by forex for its fast money. To be honest, i am still an amateur trader after all, all i still got my full time job and forex is my part time and hobby. i have gone through 3 stage of trading.

First stage: Fast Money
As i said early, i was first tempted by the return of the trading in Forex. "using $100 to win $1 million !!!"
i am pretty sure that everyone trade heard of this. for those who think themselves are smart, yeah, i am the stupid guy that thinking you can have lunch falling down the sky. so what happen? i think most of you have the answer-i broke my account.

Second Stage: Realization
My acount is broke, i have loss my money, i am depressed, i am disappointed. Oh MY God!!!! i am following the MACD, Stochastic, they have told me that they earn million with that. do they lie ot me...What The FxxXk!!!! Well, it was a tough time. oh yeah, i am chinese, so i am a believer in those tales of god. i happened to go to a temple to "pray for my way" with the fortune teller stick. i got this- “重磨古镜复光辉“
its direct translate sharpen you mirror and the mirror will shine upon you and the meaning will be sharpen your skill that you have learn before and you will got what you want. i was like waking up after a real bad dream.

Third Stage: follow the rules
By asking myself what lesson i have learnt after i broke my account, i got myself a conclusion. that is respect the rules, follow you rules and trade your rules. Basically what you got is already enough. The thing that no human does(maybe only me) is breaking the rules. but in the world of trading, you must follow, you would not get jail if you broke the rules, you just got broke, That's all.

lastly, this sharing was meant to express my feeling as i see lot of people gettinb scam. it just disgust me so much. well, untill the fourth stage then, the tittle may be: Millionaire.

Tuesday, February 18, 2014

19/2/2014 EURAUD

entering this from a 15 minutes chart as a Counter trade. make it smaller lot than normal entry whereby looking for a huge RR.

SL: 18 pips TP: tentative

Monday, January 20, 2014

20/1/14 NZDUSD

how weekend goes guys? for the first day of the week, NZDUSD is my choice as the picutre below.

SL60 BE at the 00 level. TP will depends on the PA.

Wednesday, January 15, 2014

16/1/2014(UJ)

one trade enter todays as the HA turn red. SL30 TP 70. keep an eye on the news release on NY open.

result:

50% of 32 pips(due to news release)

25% of 70 pips(target hit)

25 still goes on for H4 as below

15/1/2014 Analysis (AU)

Aussie Dollalr is one of the major pairs that i like to look at. for last week two weeks, this pairs has in an rising state from a double bottom if you look in the daily chart. form the long term view, it still in the bearish state. in fundies view, the coming USD and Aussie big red news may drive the real direction for this pair.

put up a 4H chart as we can see a clear uptrend with a fourth touch and a fib 76.4 it may indicate a buy in there. but it may in big risk as i mention above big red news in the calender especially the unemployment rate of Aussie that is coming.