there are several good technical analysis website
you can try this :
http://www.fxstreet.com/technical/analysis-reports/daily-technical-analysis/
it is MIZUHO technical analysis
it was my favourite signal
--------
here is the commentatry forex you should never leave
http://news.efxnow.com/EN/Commentary/index.html
happy trading!
Monday, July 31, 2006
Moday Noon
Monday Noon
We are entering LONDON market now.
as i predicted in morning outlook,
the GBP and EU has a strong SELLING area in friday high area.
so you should be profit at least 10 pips for now.
and for JPN Yen you should also profit more than 25 pips if you SELL as i predicted.
happy trading and keep reading my blog :)
any comments and critics are welcome...
thanks
We are entering LONDON market now.
as i predicted in morning outlook,
the GBP and EU has a strong SELLING area in friday high area.
so you should be profit at least 10 pips for now.
and for JPN Yen you should also profit more than 25 pips if you SELL as i predicted.
happy trading and keep reading my blog :)
any comments and critics are welcome...
thanks
Monday Morning Report
hi folks,
now we start a new week :)
battle and strugle with forex market
i just arrive at school
go to library and open laptop :D then check forex market :D
i woke up late and rush to catch bus today *sigh
ok back to forex review...
JPN yen still continue its power to beat the US$
while in EU and GBP there is likely dollar buyer to take profit in this morning session
we'll see what happen in LONDON session later
if u want to short better take yesterday high range with small pips target
bullish is still hovering around there
happy trading dude
now we start a new week :)
battle and strugle with forex market
i just arrive at school
go to library and open laptop :D then check forex market :D
i woke up late and rush to catch bus today *sigh
ok back to forex review...
JPN yen still continue its power to beat the US$
while in EU and GBP there is likely dollar buyer to take profit in this morning session
we'll see what happen in LONDON session later
if u want to short better take yesterday high range with small pips target
bullish is still hovering around there
happy trading dude
Sunday, July 30, 2006
Moday Outlook
there is strong resistance in 1.2770 (EU)
if it break, it will reach 1.2810 area easyly
There will be only minor news on monday (10:00pm USA Chicago PMI)
dont hope many volatitle on monday
maybe there will be minor correction to 1.2730 area
the trend is still strong bullish
my suggestion is to BUY in 1.2720 area or sell in 1.2820 area for EU
however it is wise if we see the morning monday market first to get more accurate forecast...
good luck guyz :D
if it break, it will reach 1.2810 area easyly
There will be only minor news on monday (10:00pm USA Chicago PMI)
dont hope many volatitle on monday
maybe there will be minor correction to 1.2730 area
the trend is still strong bullish
my suggestion is to BUY in 1.2720 area or sell in 1.2820 area for EU
however it is wise if we see the morning monday market first to get more accurate forecast...
good luck guyz :D
Saturday, July 29, 2006
E/U Dillema
To Be or Not To Be.....
Itu kalimat yang saya kutip dari drama roman picisannya Shakespere. Dan kalimat itulah yang saat ini sedang dipikirkan oleh market memasuki minggu pertama di bulan Agustus ini.
Yup, apalagi kalo bukan masalah seputar suku bunga the Fed. Saat ini market nampaknya semakin bingung atas issue jadi atau tidaknya the Fed menaikkan suku bunganya di bulan Agustus ini.
Data GDP, data Housing Market dan issue perlambatan ekonomi yang terjadi di U.S. semakin membawa market untuk berpikiran bahwa the Fed sudah tidak punya 'space' lagi untuk menaikkan suku bunganya. Karena jika dipaksakan perekonomian Amerika terganggu cukup serius dan bayang-bayang resesi akan semakin dekat. Namun kondisi inflasi U.S. yang semakin tinggi, seakan-akan 'memaksa' Bernanke cs untuk melanjutkan program kenaikan suku bunganya yang sudah berlangsung dalam 2 tahun ini.
Sementara itu ECB sudah hampir dipastikan akan menaikkan suku bunganya di awal minggu ini. Yang secara psikologis harusnya memberi support pada penguatan mata uang euro (terhadap mata uang dollar).
Nah, bagaimana pendapat rekan-rekan mengenai issue ini. Sanggupkah? Bernanke cs menaikkan suku bunganya kembali di bulan ini? Apa yang akan terjadi pada dollar? Mampukah euro menembus angka 1.3 dalam 2 bulan ke depan?
Sharing please.
Warm regards,
-richie-
"fx_trader_indonesia"
Itu kalimat yang saya kutip dari drama roman picisannya Shakespere. Dan kalimat itulah yang saat ini sedang dipikirkan oleh market memasuki minggu pertama di bulan Agustus ini.
Yup, apalagi kalo bukan masalah seputar suku bunga the Fed. Saat ini market nampaknya semakin bingung atas issue jadi atau tidaknya the Fed menaikkan suku bunganya di bulan Agustus ini.
Data GDP, data Housing Market dan issue perlambatan ekonomi yang terjadi di U.S. semakin membawa market untuk berpikiran bahwa the Fed sudah tidak punya 'space' lagi untuk menaikkan suku bunganya. Karena jika dipaksakan perekonomian Amerika terganggu cukup serius dan bayang-bayang resesi akan semakin dekat. Namun kondisi inflasi U.S. yang semakin tinggi, seakan-akan 'memaksa' Bernanke cs untuk melanjutkan program kenaikan suku bunganya yang sudah berlangsung dalam 2 tahun ini.
Sementara itu ECB sudah hampir dipastikan akan menaikkan suku bunganya di awal minggu ini. Yang secara psikologis harusnya memberi support pada penguatan mata uang euro (terhadap mata uang dollar).
Nah, bagaimana pendapat rekan-rekan mengenai issue ini. Sanggupkah? Bernanke cs menaikkan suku bunganya kembali di bulan ini? Apa yang akan terjadi pada dollar? Mampukah euro menembus angka 1.3 dalam 2 bulan ke depan?
Sharing please.
Warm regards,
-richie-
"fx_trader_indonesia"
Wednesday, July 26, 2006
Metatrader Links
better drop by here to get huge collection of indicator, document, and system trading
http://www.lightpatch.com/forex/mt_yahoo/
5 star recommendedothers links for forex learning:
www.babypips.com
there is no easy money
must learn to get it dude.. :)
US Home Sales
Last night US got strong US Home sales
i tried to buy E/U in 1.2600 area, and hope it can retrace to 1.2650 area
but the dollar buyer was too strong
it push E/U to 1.2700 area
make me loss 30 pips :(
today there are no major even
it seems that market is quite now
just info you can join :
i tried to buy E/U in 1.2600 area, and hope it can retrace to 1.2650 area
but the dollar buyer was too strong
it push E/U to 1.2700 area
make me loss 30 pips :(
today there are no major even
it seems that market is quite now
just info you can join :
fx_trader_indonesia-subscribe@yahoogroups.com
for indonesian mailing list
Tuesday, July 25, 2006
EU rally
this afternoon EU rally from 1.2600 area to 1.2650 area
as predicted it build up its bulish momentum
hope it continues to 1.2680s which is Resistance 1 for today
20 minute before CPI from german...
watch out guys
close or move you SL before the news....
good luck for you trade...
today i put google adsense to earn some money...
pls participate by clicking and donate to support me :)
thanks dude...
as predicted it build up its bulish momentum
hope it continues to 1.2680s which is Resistance 1 for today
20 minute before CPI from german...
watch out guys
close or move you SL before the news....
good luck for you trade...
today i put google adsense to earn some money...
pls participate by clicking and donate to support me :)
thanks dude...
Monday, July 24, 2006
Monday Night Report
as i said...today EU slipped down to 1.2600 area..
if u bought that area you should be profit alot right now
hope it continue its bullish momentum
market is still waiting further interest rate decision from FOMC
today CAD retail sales comes at -0.6
gives rocket pump up for 55 pips...
Happy trading.....
Hedging Technique
Bagi yang suka ama strategy hedging ini ada beberapa metode yg bisa digunakan. Sorry belum sempat terjemahkan dan juga forward testing jadi saya sarankan untuk dicoba di paper trading dulu
Three strategies that lower the risk and generating profit
1- 100% Hedge
This strategy is to hold the highest interest paying currency on one account and hedge it with another account that do not charge interest on Short positions. Is it possible? Yes, I have been doing it for a long time and made many thousands already.
Advantages: Very low risk, making interest every day, this strategy is simple and easy to learn.
Disadvantages: Need two accounts, one paying interest and another one is interest free. Need large investment capital to make good income. Need to watch both accounts to monitor any sign of out of balance. Need to transfer money between accounts to rebalance.
2- GMT Package Hedge
This strategy we don’t need two accounts, and we don’t need interest free account. In fact, we need to find a bank/broker that pays the highest interest (difference bank/broker pay difference rate). And make sure the gap between the interest we pay them and interest they pay us is as small as possible, so that we can keep more of our net interest.
GMT package hedging strategy, we buy the highest interesting paying currency pair (GBP/JPY), and we hedge it with a lowest interest paying pair (CHF/JPY) so that after they paid us and we paid them, we still have a good chunk of net interest to keep.
Advantages: We don’t need two accounts to hedge. No need for interest free account. Need smaller investment capital to collect more interest than the 100% hedging method. No need to transfer fund to rebalance the account. Best of all, we can liquidate the hedging pair for profit when market swing positive to our side.
Disadvantages: A little higher risk than 100% hedge due to the uncertainty of currency correlation. But if we keep enough margins to hold the trade during negative swing, eventually, it will swing back to positive side.
GMT Package Hedging strategy detail:
Buy 100k GBP/JPY and sell 180K CHF/JPY at the same time. Make sure you keep enough margins for about 200 pips swing. I never have more than 200 pip swing against me, but I reserve enough margins in the account just in case.
You can do dollar averaging technique. Instead of buying all at the same time, you can buy 1 lot each time. The ratio is 1 GBP/JPY and 1.8 CHF/JPY. Enter the hedging pair at the same time. The best time to enter is during negative swing.
I also use one hedging pair on a different demo account as my reference signal. I watch it for a period of time to get a feel of the swing. Then when I see it swing to negative, I enter the trade, more negative, I keep adding more, because eventually it will swing back to positive side, then I can liquidate those hedging pairs for profit. If not, just sit tight and collect interest.
***We are in the process of research and testing new ratio to improve our hedging stability. GMT members have contributed many great ideas to improve our hedging system. The new ratio is 1:2.2 would have a smaller swing and thus require smaller margin to hold the trade during negative swing. Soon we also will have a build in security mechanism on top of the hedge to even better protect our hedging pair from unpredictable market volatility. So stay tune and login to Golden Money Tree group often for the update.
To view my GMT package hedging in action:
1- Download FXDD Meta Trader 4 Demo at : http://www.fxdd.com/meta_trader.html
2- Log in to account id: 409412
3- Password: Gmt12
Once you log in, you can view my trades.
3- GMT Picky back trade
This one is fun and challenging. I suggest you do this trade with your interest free account to keep your interest free bank/broker happy. If you only hedge your position with interest free and do not do any trade, the bank/broker is not making any profit and they may close your interest free account. So do some trade with Interest free broker to make them happy and you can also make money using this picky back trade.
Since Interest free account carry all Short trades or Sell, it draw down your margin if the market going up, and gaining margin when market going down. So what you do is to buy a few lots if you think the market will move up. Close it for profit when it reaches your take profit limit.
If the market move against you, don’t sell it at a lost, just hold it, you will be ok because your hedge position is cover the margin, you never get a margin call if you don’t over buy more than your sell positions. If I have 10 standard lots short in my interest free account, I only do this picky back trade with 3 to 4 lot max.
Disclaimer: This information is intended to be used for educational purposes only and is not a solicitation. Trading the forex market with or without using leverage is risky. Forex and forex options trading is highly risky and should not be traded by anyone who does not understand the risks involved. One should not use funds which he/she can not afford to lose.
Three strategies that lower the risk and generating profit
1- 100% Hedge
This strategy is to hold the highest interest paying currency on one account and hedge it with another account that do not charge interest on Short positions. Is it possible? Yes, I have been doing it for a long time and made many thousands already.
Advantages: Very low risk, making interest every day, this strategy is simple and easy to learn.
Disadvantages: Need two accounts, one paying interest and another one is interest free. Need large investment capital to make good income. Need to watch both accounts to monitor any sign of out of balance. Need to transfer money between accounts to rebalance.
2- GMT Package Hedge
This strategy we don’t need two accounts, and we don’t need interest free account. In fact, we need to find a bank/broker that pays the highest interest (difference bank/broker pay difference rate). And make sure the gap between the interest we pay them and interest they pay us is as small as possible, so that we can keep more of our net interest.
GMT package hedging strategy, we buy the highest interesting paying currency pair (GBP/JPY), and we hedge it with a lowest interest paying pair (CHF/JPY) so that after they paid us and we paid them, we still have a good chunk of net interest to keep.
Advantages: We don’t need two accounts to hedge. No need for interest free account. Need smaller investment capital to collect more interest than the 100% hedging method. No need to transfer fund to rebalance the account. Best of all, we can liquidate the hedging pair for profit when market swing positive to our side.
Disadvantages: A little higher risk than 100% hedge due to the uncertainty of currency correlation. But if we keep enough margins to hold the trade during negative swing, eventually, it will swing back to positive side.
GMT Package Hedging strategy detail:
Buy 100k GBP/JPY and sell 180K CHF/JPY at the same time. Make sure you keep enough margins for about 200 pips swing. I never have more than 200 pip swing against me, but I reserve enough margins in the account just in case.
You can do dollar averaging technique. Instead of buying all at the same time, you can buy 1 lot each time. The ratio is 1 GBP/JPY and 1.8 CHF/JPY. Enter the hedging pair at the same time. The best time to enter is during negative swing.
I also use one hedging pair on a different demo account as my reference signal. I watch it for a period of time to get a feel of the swing. Then when I see it swing to negative, I enter the trade, more negative, I keep adding more, because eventually it will swing back to positive side, then I can liquidate those hedging pairs for profit. If not, just sit tight and collect interest.
***We are in the process of research and testing new ratio to improve our hedging stability. GMT members have contributed many great ideas to improve our hedging system. The new ratio is 1:2.2 would have a smaller swing and thus require smaller margin to hold the trade during negative swing. Soon we also will have a build in security mechanism on top of the hedge to even better protect our hedging pair from unpredictable market volatility. So stay tune and login to Golden Money Tree group often for the update.
To view my GMT package hedging in action:
1- Download FXDD Meta Trader 4 Demo at : http://www.fxdd.com/meta_trader.html
2- Log in to account id: 409412
3- Password: Gmt12
Once you log in, you can view my trades.
3- GMT Picky back trade
This one is fun and challenging. I suggest you do this trade with your interest free account to keep your interest free bank/broker happy. If you only hedge your position with interest free and do not do any trade, the bank/broker is not making any profit and they may close your interest free account. So do some trade with Interest free broker to make them happy and you can also make money using this picky back trade.
Since Interest free account carry all Short trades or Sell, it draw down your margin if the market going up, and gaining margin when market going down. So what you do is to buy a few lots if you think the market will move up. Close it for profit when it reaches your take profit limit.
If the market move against you, don’t sell it at a lost, just hold it, you will be ok because your hedge position is cover the margin, you never get a margin call if you don’t over buy more than your sell positions. If I have 10 standard lots short in my interest free account, I only do this picky back trade with 3 to 4 lot max.
Disclaimer: This information is intended to be used for educational purposes only and is not a solicitation. Trading the forex market with or without using leverage is risky. Forex and forex options trading is highly risky and should not be traded by anyone who does not understand the risks involved. One should not use funds which he/she can not afford to lose.
Link to Visit :
here are some link i like to visit to catch and analyse forex trend :
www.dailyfx.com
www.fxstreet.com
www.bloomberg.com
www.forex-markets.com
www.reuters.com
in fxstreet.com there are alot of news and technical free analysis
better go around there to pick up best analysis
good luck boyz n galz
www.dailyfx.com
www.fxstreet.com
www.bloomberg.com
www.forex-markets.com
www.reuters.com
in fxstreet.com there are alot of news and technical free analysis
better go around there to pick up best analysis
good luck boyz n galz
Monday Morning Review
today there are alot of US$ buyer, since last friday US$ was weaker by Bernake statement made EU run to 1.27.
i want to sell it but market is closed :(
then today monday morning i saw it slide down to 1.2650
i wish i trade it before :D
i was attempted to trade to follow the trend but i hold my self
dont always trade when the direction is not clear....
so we'll wait and see first until the market makes clear top and down....
but in my view, US$ will weaker until FED statement of interest rate
so BUY the lowest today u can get....
today night 8.30 (GMT+8) there will be a CAD PPI .... watch out boyz :)
i want to sell it but market is closed :(
then today monday morning i saw it slide down to 1.2650
i wish i trade it before :D
i was attempted to trade to follow the trend but i hold my self
dont always trade when the direction is not clear....
so we'll wait and see first until the market makes clear top and down....
but in my view, US$ will weaker until FED statement of interest rate
so BUY the lowest today u can get....
today night 8.30 (GMT+8) there will be a CAD PPI .... watch out boyz :)
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