Forex Trading JournalForex Trading on EurUsd, GbpUsd, UsdChf, UsdJpy and EurJpy. My focus are in day trading and also longterm trades which are based on both technical and fundamental analysis. I also take high considerations to macro-economic factors. My aim is to become an expert trader.FOMC News Disaster- February 9, 2008 The Feds rate by FOMC finally been announced last night. It caused choppy market which i should not trade. The choppy things happened because the liquidation order made by the big boys. They are rushing out from their long position, signaling a development of a new trend. I myself is confused by the statement made by Bernanke. As the result, i have gave all my profit back to the market. The right thing to do is to stay aside and enter when the situation is cleared. Forex Trading Journal Some..http://forex-tradingjournal.blogspot.com/2006/05/fomc-news-disaster.html Mengenal Corak Candlestick (Batang Lilin)- February 9, 2008 Hujung minggu ni agak kebosanan. Jadi saya buat satu ujian untuk diri untuk mengenal corak candlestick untuk graf di bawah:Morning StarBullish EngulfingEvening StarBullish Rejection + Double Bottom ReversalShooting StarEvening StarEvening StarSaya juga ada tandakan bear trap di mana ianya adalah false breakout dari support. Namun ini boleh dielak memandangkan terdapat bullish divergence pada indicator dan jika termasuk ke dalam trap pun masih boleh keluar dengan selamat memandangkan jarak trap..http://forex-tradingjournal.blogspot.com/2006/05/mengenal-corak-candlestick-batang-lilin.h... Channel Trading System- February 8, 2008 Channel trading system is just like trading in rangebound. The different is you can only enter for the direction in which the trend move. In the example given above (Euro Dolar H4), the pair has touched the lower channel line, indicating that it is time to consider some buying.The best time to enter a channel is when the price is overbought or oversold, plus when some divergence happen. In this example, the MACD indicators shows bearish divergence while Stochastic show some slowing down or...http://forex-tradingjournal.blogspot.com/2006/05/channel-trading-system.html No Trade Week- February 8, 2008 This week I will not trade since I feel like not having the correct mindset. I just been back from a camp training which has made my mind so aggressive and fearless. This is very dangerous in trading as the stance we have to take is defensive and play it safe to protect our assets.So no trading. Maybe I will find so books to read. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2006/05/no-trade-week.html Uncertainty : Doji The Dangerous- February 8, 2008 What is doji Doji is a candlestick where's the opening price is the same (or almost same as) of the closing price. Doji comes many forms: dragonfly, graveyard, etc. (i do not remember all).This doji is form on the candlestick pattern when market could not agree on the cited price. This cause the price bounced back to the original price when it is opened. This signals that the market is exhausted and the reversal is not far from now.Doji also means that bulls power = bears power. This equality...http://forex-tradingjournal.blogspot.com/2006/04/uncertainty-doji-dangerous.html Price Rejection- February 8, 2008 Among the price rejection signs is spike or tail. Price rejection signal a price which is not accepted by the market. It also could be a sign that a reversal probably taking place. When this price rejection happen, trade on the opposite direction with stop-loss around 12 of tail or spike length. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2006/04/price-rejection.html Forex Broker : Good or Evil- February 8, 2008 Almost all forex brokers are labelled as evil. It is hard to find a reliable and honest one. Even the most reputable one has the bad comments on them. Their spread, slippage and commission is the main reason to look for. Not to forget some dirty tactics to make the trader loose.Is this the reality Maybe yes and maybe no. An amateur maybe will say yes but for a professional their success depend less on the broker. We must be proactive in a situation. That mean we must have one or two step...http://forex-tradingjournal.blogspot.com/2006/04/forex-broker-good-or-evil.html Strategy before Economic News- February 8, 2008 I hate it when always late when the news about certain economic indicator is announced. Today while I should made 70 pips, i eventually end up with -50 pips, a lost and I felt really terrible. It is always like this, and i hate it very much. I felt like an idiot. Very stupid. This is my 3rd time missing the news and this will be the last because i will start implementing the 'News Strategy'.The strategy is :Open 2 position.1st : Open 2-3 hours earlier before the news.2nd: Open when the news...http://forex-tradingjournal.blogspot.com/2006/04/strategy-before-economic-news.html Kelemahan Diri: Teragak-agak- February 8, 2008 Saya masih ada perasaan teragak semasa untuk membuka posisi. Ini terbukti pada malam ini apa bila saya gagal membuka posisi apabila berlaku break-out pada leher double top. Saya sudah memerhati & menanti situasi ini untuk beberapa lama tetapi apabila saatnya pada malam ini saya teragak-agak untuk melaksanakan plan saya. Akibatnya saya terlepas peluang untuk dapat sekurang2nya 200 pips mlm ini. Sedihnya. Apakah ubat untuk penyakit teragak-agak iniIni merupakan carta trade tersebut. Reversal..http://forex-tradingjournal.blogspot.com/2006/04/kelemahan-diri-teragak-agak.html Perilaku Pound Sterling (GBPUSD)- February 8, 2008 Saya sudah terlepas untuk buka position trading untuk upward move bagi pound hari ni. Risiko terlalu tinggi untuk buka posisi tersebut dari nilai tersebut. Perkara yang terbaik untuk dilakukan sekarang adalah tunggu pembentukan top, kerana FX GbpUsd sedang bergerak dalam channel yang menguncup.Notes:Pound sterling adalah matawang bagi UK.Pound sterling sangat cair (volatile).Pound selalu ada false break-out. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2006/04/perilaku-pound-sterling-gbpusd.html |