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.