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.When a Bull Struck By a Bear- June 28, 2008 A reaction of an investor when the KLCI were down. Be careful when investing and trading, always remember the risk and reward.The picture above is just a filler and reminder. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2008/06/when-bull-struck-by-bear.html Change of My Trading Strategy, New Target- June 14, 2008 I have changed my trading strategy beginning yesterday. This is because of my lacking of time to check the chart from time to time. I will set the exit target just to around 30 pips from my entry. This means less time to trading and checking the chart. The 30 pips will become my daily trading target. Why 30 pips Well, since I always pass 30 pips so I just take the 30 pips as an easy target. Good trade all. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2008/06/change-of-my-trading-strategy-new.html BNM Zeti Still Assessing- June 13, 2008 Malaysia Central bank chief Zeti says it is too early to say what impact of recent fuel adj will be. According to her, the central bank will assess risk to Malaysia economy as well as potential stimulus to the economy. Zeti also offered an insight that the government has plan for a stimulus package for small firms. The unexpected high fuel adjustment appeared to have caught BNM off guard. In coming weeks if not months there could be major revision of assumptions that hit her to being made on...http://forex-tradingjournal.blogspot.com/2008/06/bnm-zeti-still-assessing.html Badawi: No More Fuel Price Hike to Reduce People's Anger- June 13, 2008 Malaysia PM Abdullah Badawi announced late yesterday that the government would not be hiking petrol and diesel prices again this year, recognizing that people are still trying to adjust to the hefty price hike last week. He added that civil servants would be given their salary in 2 tranches to help in the management of their finances. Badawi has been working hard to diffuse public anger over the last price increase with opposition parties planning a protest tomorrow afternoon as a precursor to..http://forex-tradingjournal.blogspot.com/2008/06/badawi-no-more-fuel-price-hike-to.html Japan Official Expects 'Chapter 2' of The Subprime Crisis- June 6, 2008 Japan's former vice finance minister for international affairs expressed concern over a possible new phase of financial turmoil caused by the US subprime crisis. In a recent interview with Jiji press, the former vice finance minister stated that an increase in bad loans linked to subprime mortgages would lead to a series of bankruptcies among US regional banks, noting that this would be 'Chapter 2' of the crisis. He also said in the interview that emerging economies are likely to tighten...http://forex-tradingjournal.blogspot.com/2008/06/japan-official-expects-chapter-2-of.html Petronas: Malaysia Will Become Oil Net Importer By 2011- June 6, 2008 State-owned oil company Petronas say recent petrol price hikes is expected to delay the country from becoming a net oil importer by 2011. According to its Chief Executive Merican who was quoted as saying that if will be postponed if the demand does not grow at the rate that it should grow. Merican added that if rate of demand is reduced to 4% annually it will be extended by three to fours years to 20142015. Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2008/06/petronas-malaysia-will-become-oil-net.htm... UMNO Party Supreme Council to Decide PM Abdullah Badawi's Fate- June 5, 2008 The ruling UMNO party supreme council will be huddled in a 3-day retreat starting today to be chaired by PM Badawi. It will be attended by rivals like International Trade Minister Muhyiddin Yassin, and former Selangor Chief Minister Toyo both whom have been vocal in calling for PM Abdullah exit. But there are others who would want to vie for PM Badawi position at UMNO if he goes. They include Malacca Chief Minister Rustam, Foreign Minister Yatim, and former Malacca chief Minister Tamby. This...http://forex-tradingjournal.blogspot.com/2008/06/umno-party-supreme-council-to-decide-pm.h... UK Pound Sterling Will Get Hit Harder Than Dollar, said Soros- June 3, 2008 In a London Times interview, the world famous billionaire investor master, George Soros, said that UK economy will get hit harder than US economy despite the subprime meltdown that hit the United States. The main factor is the bubbling of U.K. Household debts which can badly affected the country's economy.The UK financial sector accounts for about 8.5 percent of the British economy, almost a point more than in the U.S.. The British households outstanding debt has also risen to 148 percent of...http://forex-tradingjournal.blogspot.com/2008/06/uk-pound-sterling-will-get-hit-harder.htm... US Dollar Still Likely to Weaken Further- June 1, 2008 Despite the recent rebound, the US dollar is still likely to weaken further, as the director of the People's Bank of China (PBOC) gold and foreign exchange division, Wang Yu said. She opined that gold prices would stay volatile in the near term and likely rally on in the long term due to a string of factors.She also said that the rising price will cause further buying by developing countries, creating more demand for gold. Another important factors were the uncertainties of the global economic..http://forex-tradingjournal.blogspot.com/2008/05/us-dollar-still-likely-to-weaken.html |