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.Weekly Forecast: Saturday 20 November 2005- February 8, 2008 EURUSD (1.1776) - Weekly ForecastTrading range: 1.1595 - 1.1895Trend: NeutralThe dollar gains during the coming week will make a temporary pause. The movement's last couple of weeks was strong and for the coming week is expecting not significant correction to levels of 1.1895. There is a fine moment to open short position again. Still the chances for movements below 1.1600 levels are high.USDJPY (119.09) - Weekly ForecastTrading range: 117.90 - 120.55Trend: UpwardThe Yen meet for the moment...http://forex-tradingjournal.blogspot.com/2005/11/weekly-forecast-saturday-20-november.html My Rule of Trading- February 8, 2008 To succeed everyone must follow rules. So do i. I have created several rules to my trade so that this will prevent me from getting unnecessary losses, reduced them to the minimum, while getting the maximum profit with good risk management & analysis.So here they are:Always use a stop order. i never put a trade without a stop order.After losing a trade in one day stop trading. I don't want to dig myself a huge hole.Only open a position when there is more than 60 pips move. I don't want to...http://forex-tradingjournal.blogspot.com/2005/11/my-rule-of-trading.html Market Outlook 18 November 2005- February 8, 2008 The market is neutral. Hard to predict were it will go.Pass resistance is at 1.1774 and 1.1792.I think i would open short at 1.1792 because this looks like an occurance which happened on 9 Nov 2005.Where to stopUpdate: I just open long there. Closed very preliminarily which caused me to loose again. If just i hold that position for only a few hour more then i would have 40% profit. Hehehe... I guess i am no good when dealing forex in the Eurozone time. Just good in NY time only. Forex...http://forex-tradingjournal.blogspot.com/2005/11/market-outlook-18-november-2005.html 15 November 2005 Trading EurUsd- February 8, 2008 Side : ShortTrend : DownEntry Target : 1.1708Exit Target : 1.1600Pips To Gain : 108Reason to enter :1. Temporary upward movement to resistance at 1.1708.2. Strong downward movement caused by US Retail Sales, NY Empire State Index, PPI and Core PPI.3. Strengthening of dollar in the long term and mid term.Update:1. i reduced the target to 1.1644 only to capture profit.6:21 AM2. closed at 1.1722 with 32 pips lost and 16% lost.trade very badly because of emotion and greed. can close at 1.1644 but...http://forex-tradingjournal.blogspot.com/2005/11/15-november-2005-trading-eurusd.html Finally I Got Words on e-bullion- February 8, 2008 Finally i got word on the question I mentioned earlier in my blog. I asked a fellow internet marketer about it, and generously he answered it. He said that the charge will not be applied to the account which has zero amount in it. That is a good news for me. I don't want to pay for the service that i don't use.Though i got the answer, i haven't register for it yet. I have other option for transferring money via wire transfer, but that will be costly. I just want to deposit a tiny amount of...http://forex-tradingjournal.blogspot.com/2005/09/finally-i-got-words-on-e-bullion.html Still Waiting- February 8, 2008 I am still waiting for a reply from e-bullion regarding the monthly service charge. My question to them is 'Will there will be charges to my account if it is zero or just have small amount of money in it' I emailed them twice, but still no answer. If you have the answer please reply to me in the comment area.I prefer e-gold, but they are having problem now. The government is investigating them for some internet crime, involving kids porn or money laundering or something like that. But I...http://forex-tradingjournal.blogspot.com/2005/09/still-waiting.html About This Blog- February 8, 2008 This is my forex trading blog. The aim of this blog is to develop disciplines and skills in trading focusing on forex market. I will start trading with a very small account size with the aim to accumulate profits and grow the account up while at the same time learn trading. I start small to avoid being wipe out of the market and if i suffer losses or failed i can restart again without causing any harm to my capital.Trading need iron clad disciplines and knowledge. As a trader I should make some.http://forex-tradingjournal.blogspot.com/2005/09/about-this-blog.html New Forex Site- February 8, 2008 I found a new forex website, very reliable:http:www.realtimeforex.comnadaily-market-comments.forexlang=engHope this can guide me through. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2005/11/new-forex-site.html 11 November 2005 Trading EurUsd- February 8, 2008 Side : ShortTrend : DownEntry Target : 1.1715Exit Target : 1.1610Pips To Gain : 105Reason to enter :1. Strong bearish movement of EurUsd2. Hard resistance at 1.1745, hard to breach, this level maybe reach on Euro Session.3. Strong dolar at the mid-term and longterm, cause by US Trade Deficit at record high. No other economic event for US until 15112005.Update: I am a little worried about this trade. Entered very late when i got asleep. When i woke up the market is closed and my trade gone -21.http://forex-tradingjournal.blogspot.com/2005/10/11-november-2005-trading-eurusd.html Weekly Forecast: Saturday 12th November 5:46 AM EST- February 8, 2008 EURUSD (1.1734) Weekly ForecastTrading range: 1.1595 1.1810Trend: DownwardAfter the key US Trade Balance data the market show the trend for the coming couple of months. It is downward trend. The year of 2005 turn into downward direction that will continue at least to the end of this year. For the coming week there is couple of key economic events, but the market show with the US Trade Balance data that is not interested by the fundamental elements. Try opening short position during the...http://forex-tradingjournal.blogspot.com/2005/11/weekly-forecast-saturday-12th-november.ht... |