GBPUSD bounce up

 

GBPUSD bounce up after 10-15 minutes of the economic events released. See the image above for my entry point.

EURUSD Triangle breakout

 

Economic Calendar

 This is what happened after the result from economic events. See the image above for further details.

EURUSD PRICE REACTION AFTER ISM REPORT

SEE ABOVE CHART DURING THE USD ISM MANUFACTURING PMI REPORT.

GDPUSD Buy entry Signal

Buy was executed when H1, 5min MA synchronized each other. Looking at the image above at Daily time frame, price the price stalled at support line. At the moment, price hit the resistance line and bounce back down a little bit. We'll see if sellers will when the momentum or the buyers will hold the cup and the price will continue to move upward.

EURUSD UPTREND BUY SIGNAL ENTRY

SIGNAL 1

BUY SIGNAL IN THE BLUE BOX

SIGNAL 2

 

EURUSD SELLING ENTRY INDICATION

Signal 1

 

Signal 2

Entry should trigger below the 100 MA at 5mins Chart, indicated in a rectangle color green.

Learning from Reminisces Of A Stock Operator

P.51
Mr. Partridge say: "Well, you know this is a Bull market!".

The big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and it's Trend.

Lesson after making and losing millions of dollars in trading:
It always in sitting. Sitting tight! It is no trick at all to be right on the market. We always find lots of early bulls in bull markets and early bears in bear markets. Many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level, which should show the greatest profit. But they made no real money out of it.
Men who can both be right and sit tight are uncommon. It is one of the hardest to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds  did in the days of his ignorance.
The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do.
Dis regarding the big swing and trying to jump in and out was fatal in trading. Nobody can catch all the fluctuations. In a bull market you game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks.  You have to use your brains and your vision to do this; otherwise my advice would be as idiotic as to tell to buy cheap and sell dear.

Without faith in his own judgement no man can go very far in the game of trading.

It is the big swing that makes the big money in trading.

 

HOW WINNING TRADERS THINK

1. DON'T OVER SIZE YOUR TRADE, LIMIT MAX OPEN POSITION. EVALUATE NET RESULT TO 3 CONSECUTIVE MONTHS. UNTIL GENERATE REVENUE.
2. DON'T BE SO QUICK TO ADD POSITION. "EARN WHILE YOU LEARN".
3. DON'T TRADE ANYTHING WITHOUT PLANNING AT LEAST 2 HOURS DAILY. PLANNING THE TRADE OF THE DAY.
4. IF DAILY GOAL PROFIT WAS HIT. "STOP TRADING ON THAT DAY". IF PROFIT CONTINUE FLOWING, PLACE THE STOP AT THE GOAL PROFIT.
5. ADMIT WHERE YOU ARE AND BROADLY ASSESS ALL TRADES SO YOU NEVER TRADE THE WTH (WHAT THE HICK) TRADES.
6. DON'T RUSH TO CLICK TO OPEN TRADE POSITION. WAIT FOR THE CANDLE TO CLOSE, SO YOU CAN EVALUATE RISK.
7. LEARN TO ACCEPT THE UNCERTAINTY OF EACH TRADE AND BE OK WITH THE FACT THAT ANYTHING CAN HAPPEN.

- IF I HAD A BAD DAY, I IMMEDIATELY DETERMINE 1 OR 3 THINGS:

1. WAS I TRADING NOT SMART?
2. WAS IT A TOP CHOPPY VOLATILITY VOLUME DAY AND GOOD IDEA DID NOT SIMPLY FOLLOW THRU?
3. DID I TRADE GOOD IDEAS THAT SIMPLY DID SOMETHING NOT NORMAL?

BEST STOCK'S COMPANY FUNDAMENTAL

PRICE/EARNING(P/E) SHOULD BE:
BELOW 15 OR SINGLE DIGIT POSSIBLE

PRICE TO BOOK RATIO SHOULD BE:
1.5 OR UNDER

TOTAL CASH SHOULD BE:
1 BILLION OR MORE

TOTAL DEBT SHOULD BE:
LESS THAN 33% OF COMPANY'S ....TOTAL MARKET CAPITALIZATION.

DIVIDEND YIELD(%) SHOULD BE:
HIGHER

CORRELATION BETWEEN CURRENCY PAIRS

I LIKE THIS Q&A:

Much is done studying correlation, relationships of things like the USDCHF and the EURUSD and there effect on the  EURCHF, and in even intramarket relationships (i.e., Stocks and the dollar, commodities and the dollar, one bond vs another bond, etc.).
You are right that USDCHF went up, EURUSD went down… TODAY. The USDCHF impact was greater which caused the EURCHF to move higher. That is math as you can be sure there are arbitrage traders who will take the spread out “if the pieces get out of whack”. Today, one went higher, the other went lower and overall, the dollar went higher against both in that window after the headline came out.
Having said that, the EURCHF can go higher by having the USDCHF move higher, the EURUSD staying unchanged or even going higher at a slower pace.
Someone asked me the other day “What happened when the EURCHF moved 1000 pips from 1.1000 to 1.2000 three years ago?”
So I looked it up, and found that the USDCHF moved up by around 750-800 pips, and the EURUSD moved lower by 100 pips.... PLEASE READ MORE AT SOURCE: forexlive.com

ONE OF THE FED'S COMMENTS YESTERDAY

SLOW WAGE GROWTH INDICATES JOB-MARKET SLACK
OVERALL VIEW OF ECONOMY IS POSITIVE
ECONOMY MUST BE ON SOLID FOOTING BEFORE RATES GO UP
MOST FOMC SEE FIRST RATE HIKE IN 2015
SEE EQUITY, REALT ESTATE, CORPORATE BOND VALUES NORMAL
LOONG-TERM INFLATION EXPECTATIONS WELL ANCHORED
FISCAL POLICY HAS BEEN DRAG ON RECOVERY
WOULD LIKE TO HAVE COMMUNITY BANKER ON FED BOARD
QE NOT ON A PRE-SET COURSE
ECONOMY IS MAKING PROGRESS

NZDUSD IN MULTIPLE REASON ON WHY PRICE SHOULD MOVE DOWNWARD

PRICE BREAK THE 100MA AND BREAK THE SUPPORT LINE. AND PRICE ALSO BREAK  THE 2ND SUPPORT LINE AND CONFIRM THE MOVED WHEN PRICE MANAGED TO BREAK THE 200MA. IN THE CHART ABOVE PRICE QUICKLY BOUNCE BACK ABOVE BUT STOP BELOW THE 100MA AND MOVE BACK BELOW THE 2 MOVING AVERAGE 100 & 200.

USDJPY PRICE CLOSE BELOW D1 100MA

PRICE CLOSE BELOW THE H1 100MA IN TWO DAYS TIME. POSITIVE US ECONOMIC REPORT THIS WEEK NEED TO CONFIRM AT NEXT WEEK TECHNICAL PERSPECTIVE TO CONFIRM THE BIAS MOVE TO UPWARD DIRECTION.

USDCAD PRICE ABOVE H1 100MA

USDCAD IN DOWNWARD TREND. BUT IT SEEMS THAT PRICE IS GETTING TIRED TO CONTINUE DOWNWARD AS PRICE DID NOT PROCEED AFTER BREAKING THE LAST LOW. AND PRICE IS NOW ABOVE H1 100MA. WILL SEE NEXT WEEK IF PRICE WILL BREAK THE H1 200MA, THEN THE REVERSE MOMENTUM IS CONFIRM TO MOVE UPWARD.

GBPUSD WEEKEND ANALYSIS ON H1 PERIOD

PRICE BOUNCE BACK AGAIN ABOVE THE  H1 100MA. AFTER THE LAST HIT FROM THE 100MA PRICE MOVE UPWARD BUT FAILED TO BREAK THE LAST HIGH. AS ECONOMIC REPORT IN US SHOWS A POSITIVE RESULT. PROBABILITY PRICE WILL MOVE DOWNWARD. IF PRICE WILL GO UP AND BREAK THE LAST HIGH, BUY POSITION SHOULD BE CLOSE.

EURUSD IN WEEKLY CHART

PRICE IS CONSOLIDATING AT DOWNWARD RESISTANCE LINE AND THE HORIZONTAL RESISTANCE LINE. IF PRICE WILL CONTINUE TO MOVE DOWNWARD THEN DOWN TREND MOMENTUM CONFIRM. AS THIS WEEK US ECONOMIC REPORT IS POSITIVE.

USDCHF MULTI REASON TO BUY

 USDCHF FOR THE COUPLE OF DAYS PRICE IS WITHIN THE RANGE OF CHANNEL LINE.  LATELY, PRICE HIT SECOND TIMES AT THE CHANNEL SUPPORT LINE. PRICE BREAK THE D1 100MA IN FIRST BLUE LINE BELOW AND ALSO BREAK THE H1 100MA AND CONTINUE BREAKING THE H1 200MA AND FINALLY BREAK THE CHANNEL RESISTANCE LINE. PRICE IS NOW APPROACHING THE D1 200MA. IF PRICE BREAK THE D1 200MA UPWARD MOMENTUM WILL BE CONFIRM.  IF PRICE CANNOT MOVE BREAK THE D1 200MA BUY POSITION SHOULD BANK THE PROFIT.

USDJPY BREAK THE RESISTANCE LINE AND THE D1 100MA

PRICE FROM YESTERDAY STAYED ABOVE THE 100MA IN BLUE LINE AND BREAK THE RESISTANCE LINE AND ALSO BREAK THE D1 100MA IN BLUE LINE ABOVE.  POSSIBLY PRICE WILL CONSOLIDATE AT THE 100MA. PRICE SHOULD CONTINUE UPWARD AND SHOULD BREAK THE RESISTANCE LINE TO CONFIRM THE UPWARD TREND. I HAD A BUY POSITION YESTERDAY JUST FEW PIPS ABOVE THE H1 100MA, BUT IT WAS CLOSE WHEN PRICE MOVE BACK BELOW THE RESISTANCE.

USDCAD MOVE ABOVE H1 100MA

USDCAD IS IN DOWNWARD TREND. BUT AFTER US ECONOMIC REPORT PRICE FINALLY MOVE ABOVE QUICKLY TO 100MA. POSSIBLE CORRECTION MOVE WILL HAPPEN ON THIS PAIR OR IT WOULD CONTINUE TO REVERSE DIRECTION TO UPWARD MOMENTUM. BASE ON THE US ECONOMIC REPORT TODAY, IT SEEMS THAT US ECONOMY IS IN GOOD CONDITION. IF PRICE MOVE BACK BELOW BUY POSITION SHOULD BE CLOSE.

NZDUSD AFTER 6 DAYS OF RANGE TREND FINALLY MOVE BELOW THE ZONE

PRICE IS MOVING ABOVE AND BELOW THE H1 100MA FOR THE COUPLE OF DAYS. AND FINALLY MOVE BELOW THE ZONE AND BREAK THE H1 200MA AND NOW CONSOLIDATING AT SUPPORT LINE. PRICE SHOULD CONTINUE IN DOWNWARD DIRECTION IF THERE'S ABNORMALITIES HAPPEN FOR THE NEXT DAYS.

GBPUSD PRICE STAY ABOVE H1 100MA

DESPITE OF THE POSITIVE OUTCOME OF THE US ECONOMIC REPORT, PRICE STAYED ABOVE THE H1 100MA. AND JUST FEW PIPS ABOVE THE RESISTANCE LINE. IF PRICE WILL CONTINUE TO UPWARD DIRECTION, SELL POSITION SHOULD BE CLOSE.

EURUSD NON-FARM PAYROLL REPORT REACTION

PRICE BEFORE THE REPORT OF US MONTHLY NON-FARM PAYROLL IS CONSOLIDATING AT H1 100MA. AND PRICE BREAK THE H1 200MA IN GREEN LINE AND ALSO BREAK THE SUPPORT LINE. POSSIBLE REVERSE DIRECTION TO DOWNWARD TREND. IF PRICE WILL MOVE UP THE SUPPORT LINE, THEN TIME TO CLOSE THE SELL POSITION. AND WAIT FOR NEXT OPPORTUNITY.

EURUSD IS BELOW H1 1000MA

PRICE QUICKLY MOVED BELOW THE H1 100MA AFTER THE REPORT ON USD ADP EMPLOYMENT CHANGE IN JUNE. PAIR IS CURRENTLY IN UPWARD DIRECTION. IN ORDER TO CONFIRM THE REVERSE DIRECTION, PRICE SHOULD BREAK THE H1 200MA AND THE SUPPORT LINE.

USDJPY BREAK THE H1 RESISTANCE LINE

PRICE MOVED QUICKLY UPWARD AFTER THE USD ADP EMPLOYMENT CHANGE (JUN). NEXT TARGET WILL BE AT DAILY 100 MA IN BLUE LINE.

PRICE APPROACHING TO DAILY SUPPORT LINE

TRENDING UPWARD AND PRICE IS APPROACHING THE DAILY SUPPORT LINE. DOWNWARD MOMENTUM WILL CONFIRM IF PRICE BREAK THE LINE. BUT NORMALLY PRICE WILL BOUNCE BACK UPWARD. SO, BUY POSITION MUST BE PLACE JUST FEW PIPS ABOVE THE LINE.

USDJPY IN DOWNWARD DIRECTIION BUT CURRENTLY CONSOLIDATING AT H1 100MA

PRICE IS JUST BELOW THE D1 200MA AND NOW CONSOLIDATING AT H1 100MA. IT SEEMS THAT IT'S GETTING HARD TO CONTINUE AT DOWNWARD MOMENTUM. IF PRICE MOVE BACK ABOVE AT H1 100MA, BUY POSITION WOULD PROBABLY BE TRIGGER.

GBPUSD BREAK THE SUB RESISTANCE LINE IN D1

PRICE CURRENTLY ABOVE WEEKLY RESISTANCE AND BREAK THE CHANNEL RESISTANCE LINE YESTERDAY APPROACHING TO THE SECOND RESISTANCE LINE. SELL OPPORTUNITY FOR COUNTER TREND IF PRICE WILL MOVE BACK BELOW THE RESISTANCE LINE LEVEL.

USDCHF COUNTER TREND TRADING IN HOURLY PERIOD

PRICE MOVE BACK ABOVE D1 100MA, AFTER HITTING THE CHANNEL SUPPORT LINE. PRICE IS EXPECTED TO REACH THE H1 100MA AND CONSOLIDATE FOR THE GATE PASS EITHER TO CONTINUE TO GO DOWN OR PROCEED TO THE NEXT CHECK POINT WHICH IS THE H1 200MA AND THE CHANNEL RESISTANCE LINE.

MOTIVATIONAL VIDEOS

 

 

 

 

REPORTING MONTHLY

TODAY IS THE FIRST DAY OF JULY 2014. AND IT IS A  MONTHLY TRADING INCOME REPORTING TIME. FOR THE MONTH OF JUNE THIS IS MY PROFIT AND LOSS FIGURE -1,324.75 EURO. IT IS A MONTHLY SALARY OF AVERAGE ITALIAN EMPLOYEE. BUT I ACCEPT IT A PART OF LEARNING PROCESS OF MY FOREX TRADING CAREER. I WILL ELIMINATE THE NEGATIVE SIGN THIS JULY.

USDCHF CONTINUE IN DOWNWARD DIRECTION BY MULTIPLE REASON IN 5MIN CHART

The above 5mins chart, obviously showing its willingness to continue moving downward by not confirming the move above 200MA and breaking the 2 border line which are the remembered support line and the 100MA. With this formation could possibly result a ratio of 1:3.

USDJPY BREAK THE 200MA LINE

At around 13:00 GMT2 time, USDJPY break the 200MA line moving in upward direction. Next target will be at 102.162 as resistance line indicated. I closed the buy position with 27.9 pips gain.

THE DAY THAT TURNS MY LIFE AROUND

A couple of months ago that I always thought of retiring from my current job. It was year 2011 when I started to trade in forex in live account. I've been experience with ups and downs in this field. But, I didn't quit, coz' I know that I can be successfull in trading foex. And I believe on that. Since, then that year working with my current job and trading forex on the side. It gives me confident that sooner I can quit my job and do trading full-time.
It was April 29, 2014 when my Boss, talked to me that he couldn't sustained to pay my monthly salary. Actually, it's been a year that our company experienced a terrible crisis and our salary was always in   late, sometimes 3 months delayed or more. That crisis affect the entire European Zone country.
Since then, I started trading forex full-time last May 1, 2014.

USDCAD HOLDS DAILY SUPPORT LINE IN 3 CONSECUTIVE TIME

Price break and hold the Daily Support line for consecutive number of times. It seems that forming the Triple Bottom formation. Expecting the price will bounce back above and break the 50% Fibanacci Retracement. But, initial target will be that line.

USDCHF FORM A DOUBLE TOP AFTER BOE REPORT

USDCHF hold the Daily Support line. And showing Double Bottom line. Expecting to continue to Bullishness move. Next Target will be on the Resistance red line above.

DOUBLE TOP EURUSD FORMATION BOE REPORT

EURUSD showing Double Top (Reversal Formation). Price break the Weekly 50% Fibonacci Retracement, but reversed back below the line. And continue downward and  break the 100MA and 200MA H1. Next Target will be at the Support.

MORNING MOVE OF EURUSD RAISING UP AFTER BREAKING THE RESISTANCE CHANNEL LINE

Early move of EURUSD is raising upward. Take note of weekly 50% Fibonacci. The price should break the 50% fibo line to confirm long-term bullishness. Previous ECB Rate Decision is at 0.25% with no forecast given. And 0.00% ECB Deposit Facility Rate, while 0.75% for previous Marginal Lending Facility. Selling near 50% fibo with stop just above the line.

GBPUSD MORNING SETUP PRIOR TO BOE RATE DECISION AND ASSET PURCHASE TARGET MAY HIGHLIGHT

The price is within the channel range in H1. Price is looking to break either the Resistance or Support line after today's BOE rate decision and asset purchase target made. Previous BOE rate decision figure was at 0.50% with no forecast figure made at this moment.  And 375B for previous asset purchase target.

MY TRADING PLAN

Mission Statement:

TO MAKE THE MOST MONEY WITH THE LEAST AMOUNT OF RISK

3 Important Note

1 . TRADE THE TREND

•  IF UPTREND (look for BUY only) - If direction is going up with higher high & Higher lows
• IF DOWNTREND (look for SELL only) - If direction is going down with series of lower lows & lower highs

2. ANTICIPATE THE TREND

• Watch out when price is in range bound. NON-TRENDING market transit to trending market.

3 . KEEP FEAR TO A MINIMUM

• By trading near borderline, then apply "IF...SHOULD RULE"
• Decide if the risk of the trade is acceptable
• Sometime it is good to take profit if not anticipating the trend move
• Use stops and limits to enforce a risk/reward ratio of 1:1 or Higher
  

END OF THE PERMISSIONLESS WEB

EURUSD, GBPUSD REVERSE BACK ABOVE 100MA AFTER NEGATIVE CAPITAL FLOWS OF STOCKS

It is true that non-farm payroll figure can move significant number of pips, but trading decision should always refer to technical analysis.

GBPUSD IN DOWNWARD DIRECTION AFTER IT BREAK THE WEEKLY HIGHEST TAIL SUPPORT LINE

I am now @ 20 pips gain level of short position and expecting the price to continue downward and hopefully break the hourly 100MA. If not then stop loss will be trigger just above the 50% Fibonacci Retracement..

SELL POSITION ON EURUSD BEFORE THE NON-FARM PAYROLL RELEASE

 

Having sell position before the non-farm payroll release for the month of May. Have no fear with my position because i have a stop loss, just above the last high of 5 minutes chart. Expecting the price will continue to go down and will not spike above.

SELLING GBPUSD NEAR 100/200MA AND RESISTANCE LINE IN 5 MIN

Selling GBPUSD at the price near the 100/200 MA in 5mins plus near the Resitance line. Expecting that the price move back down.

USDCAD PRICE MOVE BACK ABOVE 100 MA DAILY CHART

 

By looking the daily chart above I buy USDCAD just above the 100 MA daily chart. The reason why i buy USDCAD is that, the price didn't continue moved downward after the price break the 100 MA on the daily chart. And support remembered line seems to hold the upward momentum. If the price will move back below the 100 MA the buy position should be close.

AUDUSD MARKET PRICE BELOW THE HOURLY 100 MA

Looking at the chart above the price is below the hourly 100 MA, I am selling the AUDUSD just below the 100 MA line and expected the price to continue moving downward. But if the Price will reverse above the 100 MA, i should close the sell position.

EURUSD TENDS TO HOLD HOURLY RESISTANCE LINE

Selling below the hourly resistance line and expected to go lower. And when the price will reverse and move up stop should be just above the two high of hourly period.

EUR/USD MOVE BELOW MA 100 IN H1

EUR/USD attempting to move/up from the MA 100 in H1 after the report of

USD Factory Orders (FEB)

Medium

1.6%

1.2%

-1.0%

next target will be 1.3745 support line from lowest price of H1.