We Are Here To Share

FXDD and WSS

2008-08-27T02:38:00.000-07:00

Im trying with FXDD Platform as im interested of using the Expert Advisor service from Winning Solution.

So far the trading performance of WSS is very good. from USD1000, turn to USD 1500 in a week. Then withdrawed USD250 for good.

After that trading get some upside down and current balance is about USD 1050 and from my opinion, i will continue the services and compound the profit for long term investment.

IBFX Competition

2008-07-17T23:29:00.000-07:00

This is the first time i join any FX competition.. i try to take the challenge since the prize is in cash ..

What can i say that the competition is quite competitive with other traders are also trying to do the best..

Personally my aim is to get about 100% return for this competition and my target is to be among the top 30 for this month..

Currently i am placed no 46 with 67.0891% profit.

Anyway, as long as my trading is profiting, i dont mind if not listed at all...

All the best to others.. Sorry for not updating the blog for sometimes.. i need some proper method to do more updates.. keep coming here..

Wednesday Prices Movement

2008-06-26T01:11:00.000-07:00

GBP/USD

Open : 1.9707
High : 1.9767
Low : 1.9654
Close : 1.9737

GBP/JPY

Open : 212.46
High : 213.20
Low : 212.13
Close : 212.85

EUR/USD

Open : 1.5574
High : 1.5686
Low : 1.5536
Close : 1.5663

USD/JPY

Open : 107.80
High : 108.40
Low : 107.65
Close : 107.85

Tuesday Price Movement

2008-06-25T21:36:00.000-07:00

GBP/USD

Open : 1.9644
High : 1.9722
Low : 1.9623
Close : 1.9706

GBP/JPY

Open : 211.87
High : 212.82
Low : 211.61
Close : 212.45

EUR/USD

Open : 1.5522
High : 1.5621
Low : 1.5491
Close : 1.5573

USD/JPY

Open : 107.85
High : 108.21
Low : 107.35
Close : 107.81

Monday Price Movement

2008-06-25T21:31:00.000-07:00

GBP/USD

Open : 1.9746
High : 1.9755
Low : 1.9643
Close : 1.9764

GBP/JPY

Open : 211.94
High : 212.09
Low : 211.05
Close : 211.88

EUR/USD

Open : 1.5603
High : 1.5628
Low : 1.5467
Close : 1.5521

USD/JPY

Open : 107.33
High : 108.05
Low : 107.14
Close : 107.86

Trend Follower

2008-06-24T22:36:00.000-07:00

As we are not a big player like Bank, Multi Billion Company to play FX Market, it is very important that we stay in the trend. as long as we stay in the trend, we will always love to trade in Forex.

Its really true that Trend is ur friend and i want to add here that your good friend doesn't mind to gives u a lot of money as long as u stay with them.. Cheers..

Find the trend and there is ur friend. stay with them as long as u can. U can take ur profit once a while but after u have done that, u can re-enter ur position in the same trend until new trend comes.

Friday Price Movement

2008-06-24T22:31:00.000-07:00

GBP/USD

Open : 1.9722
High : 1.9789
Low : 1.9698
Close : 1.9764

GBP/JPY

Open : 212.99
High : 213.02
Low : 211.69
Close : 211.98

EUR/USD

Open : 1.5499
High : 1.5651
Low : 1.5491
Close : 1.5625

USD/JPY

Open : 107.99
High : 108.01
Low : 107.11
Close : 107.25

Thursday Prices Movements

2008-06-24T22:27:00.000-07:00

GBP/USD

Open : 1.9593
High : 1.9743
Low : 1.9585
Close : 1.9721

GBP/JPY

Open : 211.21
High : 213.26
Low : 210.77
Close : 213.00

EUR/USD

Open : 1.5546
High : 1.5586
Low : 1.5466
Close : 1.5498

USD/JPY

Open : 107.79
High : 108.05
Low : 107.41
Close : 108.00

Wednesday Prices Movement

2008-06-24T22:16:00.000-07:00

GBP/USD

Open : 1.9572
High : 1.9610
Low : 1.9477
Close : 1.9592

GBP/JPY

Open : 211.20
High : 211.47
Low : 210.42
Close : 211.22

EUR/USD

Open : 1.5517
High : 1.5552
Low : 1.5462
Close : 1.5545

USD/JPY

Open : 107.89
High : 108.42
Low : 107.70
Close : 107.80

Tuesday Price Movements

2008-06-17T20:01:00.002-07:00

GBP/USD

Open : 1.9629
High : 1.9696
Low : 1.9469
Close : 1.9573

GBP/JPY

Open : 212.39
High : 212.64
Low : 210.61
Close : 211.19

EUR/USD

Open : 1.5383
High : 1.5518
Low : 1.5345
Close : 1.5465

USD/JPY

Open : 108.20
High : 108.38
Low : 107.59
Close : 107.90

Wednesday Pivot Point

2008-06-17T20:01:00.001-07:00

GBP/USD

Pivot point : 1.9579
Support 1 : 1.9463
Support 2 : 1.9352
Resistance 1: 1.9690
Resistance 2: 1.9806

GBP/JPY

Pivot point : 211.48
Support 1 : 210.32
Support 2 : 209.45
Resistance 1: 212.35
Resistance 2: 213.51

EUR/USD

Pivot point : 1.5443
Support 1 : 1.5367
Support 2 : 1.5270
Resistance 1: 1.5540
Resistance 2: 1.5616

USD/JPY

Pivot point : 107.96
Support 1 : 107.53
Support 2 : 107.17
Resistance 1: 108.32
Resistance 2: 108.77

Tuesday results

2008-06-17T19:58:00.000-07:00

EUR/USD : -15 pips LOST
GBP/JPY : -51 pips LOST
GBP/USD : -27 pips LOST
USD/JPY : No trade

Total : -93 pips LOST

Position Closed

2008-06-17T19:57:00.000-07:00

Market touch the stop lost for EUR/USD

LOST = -15pips

Money Management

2008-06-17T06:49:00.000-07:00

Today i will explain about basic Money Management, this is the key to sustain in Forex trading.

Let say we start trading Forex with USD 1000 account,

1.we should trade with only 2.5% of capital per trading post.

eg: with a mini account, u can trade as low as 1 cent/ pips..
2.5% out of 1000usd is USD25. that is 25 cent/pips

if 1 day u win about 30 pips, it is equal to USD 7.50 a day. and if u have a really bad luck for that day, let say u lost few trades and its total up to -100 pips, u are just only lost USD25 out of USD 1000, u still have USD 975 to cover..

2.always set our win or loss ratio. min win and loss ratio should be around 2:1 and above,

eg: if win 60 pips and lost -30 pips

so with 1 win, u can cover 2 losses.

3. With this strategy, u should be able to sustain and slowly grow up your account value.

Position Closed

2008-06-17T01:09:00.000-07:00

Position closed after touch my SL for -27 pips

LOST : -27pips

Position Closed

2008-06-17T00:43:00.001-07:00

Position closed after touch my SL for -51 pips

LOST : -51pips

EUR/USD post triggered

2008-06-17T00:03:00.000-07:00

I have placed buy limit position for EUR/USD

price : 1.5511
TP : 1.5572 (61pips)
SL : 1.5496 (-15 pips)

Win Loss Ratio ~ 4:1

Ok, its triggered already...

Trade GBP/USD Currency

2008-06-16T21:36:00.001-07:00

I have entered position for GBP/USD

price : 1.9672
TP : 1.9734 (62pips)
SL : 1.9645 (-27 pips)

Win Loss Ratio ~ 2:1

Trade GBP/JPY Currency

2008-06-16T20:18:00.000-07:00

I have entered position for GBP/JPY

price : 212.20
TP : 213.20(100pips)
SL : 211.69 (-51 pips)

Win Loss Ratio ~ 2:1

Trade EUR/USD Currency

2008-06-16T20:11:00.000-07:00

I have placed buy limit position for EUR/USD

price : 1.5511
TP : 1.5572 (61pips)
SL : 1.5496 (-15 pips)

Win Loss Ratio ~ 4:1

Tuesday Pivot Point

2008-06-16T17:26:00.000-07:00

GBP/USD

Pivot point : 1.9593
Support 1 : 1.95
Support 2 : 1.9372
Resistance 1: 1.9721
Resistance 2: 1.9814

GBP/JPY

Pivot point : 211.98
Support 1 : 211.17
Support 2 : 209.94
Resistance 1: 213.21
Resistance 2: 214.02

EUR/USD

Pivot point : 1.5443
Support 1 : 1.5367
Support 2 : 1.5270
Resistance 1: 1.5540
Resistance 2: 1.5616

USD/JPY

Pivot point : 108.23
Support 1 : 107.89
Support 2 : 107.57
Resistance 1: 108.55
Resistance 2: 108.89

Monday Price Movements

2008-06-16T17:20:00.000-07:00

GBP/USD

Open : 1.9483
High : 1.9686
Low : 1.9465
Close : 1.9628

GBP/JPY

Open : 210.95
High : 212.79
Low : 210.75
Close : 212.40

EUR/USD

Open : 1.5383
High : 1.5518
Low : 1.5345
Close : 1.5465

USD/JPY

Open : 108.28
High : 108.57
Low : 107.91
Close : 108.21

Comment

2008-06-16T11:42:00.000-07:00

Today 2 position closed, 1 win and 1 lost but overall is 30 pips WIN.

Although todays result is like last Friday performance, im happy that this time i touched my TP for GBP/USD and although i lost at EUR/USD pair, after see where the market goes, i understand the importance of putting stop lost. Its better to lose -30 pips than losing -130 pips.

GBP/USD

After we see todays movement, i predict that this week, market will retrace to 1.9585 before it bulls again to 1.9740.

EUR/USD

There is very strong suppport at 1.5360 in EUR/USD. Although it pierce the price and triggered my sell stop position at 1.5355, it cant break the barrier and market reverse more than 100 pips and im glad to put my stop lost at 1.5385.

im happy that overall i win today.

Monday Results

2008-06-16T11:39:00.000-07:00

EUR/USD : -30 pips LOST
GBP/JPY : No Trade
GBP/USD : +60
USD/JPY : No trade

Total : 30 pips WIN

Canceled Order

2008-06-16T03:00:00.001-07:00

Buy limit Order for GBP/JPY at 210.74 is cancelled due the market didnt retrace and continue uptrend.

Thank you

Position Closed

2008-06-16T01:56:00.000-07:00

GBP/USD successfully closed at 1.9575 for a 60 Pips Profit.

WIN = 60 pips

2008-06-16T00:52:00.000-07:00

Market touch the stop lost for EUR/USD

LOST = -30pips

No trade in USD/JPY

2008-06-15T23:48:00.000-07:00

Im not trading on USD/JPY for today because im focusing on other 3 pairs.

Market Triggered

2008-06-15T23:44:00.000-07:00

i have set sell stop order at 1.5355 and it is triggered.

Price : 1.5355
TP : 1.5170 (185Pips)
SL : 1.5385 (-30 Pips)

With a Win Loss Ratio of 6:1

Daily Market Analysis

2008-06-15T21:21:00.000-07:00

Daily Market Analysis
GBP/JPY

Pivot point : 210.38
Support 1 : 209.98
Support 2 : 209.27
Resistance 1: 211.09
Resistance 2: 211.49

Market is in uptrend with a support at 209.98. I will place a buy limit order at 210.74 with my TP at 213.24 (250 pips) and my stop lost at 210.24 (-50 pips) that is win loss ratio of 5:1

EVERY TRADE IS RISKY AND ALL VALUE HERE IS BY PERSONAL ANALYSIS. Make sure u put your stop lost to prevent from more losses if the trend change.

GBP/USD triggered

2008-06-15T20:29:00.000-07:00

GBP/USD buy stop order triggered at 1.9515

price : 1.9515
SL : 1.9490
TP : 1.9575

Daily Market Analysis

2008-06-15T18:34:00.000-07:00

GBP/USD

Pivot point : 1.9464
Support 1 : 1.9415
Support 2 : 1.9360
Resistance 1: 1.9519
Resistance 2: 1.9568

There is resistant at 1.9519 and GBP/USD currently in weak uptrend and im waiting it to break the resistant. i have placed buy stop order at 1.9515, SL at 1.9490 (-25points) and TP at 1.9575 (60 points)with a Win loss ratio about 3:1

Buy Stop : 1.9515
TP : 1.9575 (+60 Pips)
SL : 1.9490 (-25 Pips)

EVERY TRADE IS RISKY AND ALL VALUE HERE IS BY PERSONAL ANALYSIS. Make sure u put your stop lost to prevent from more losses if the trend change.

Friday Pivot Point

2008-06-15T18:21:00.000-07:00

GBP/USD

Pivot point : 1.9464
Support 1 : 1.9415
Support 2 : 1.9360
Resistance 1: 1.9519
Resistance 2: 1.9568

GBP/JPY

Pivot point : 210.38
Support 1 : 209.98
Support 2 : 209.27
Resistance 1: 211.09
Resistance 2: 211.49

EUR/USD

Pivot point : 1.5397
Support 1 : 1.5332
Support 2 : 1.5238
Resistance 1: 1.5491
Resistance 2: 1.5556

USD/JPY

Pivot point : 108.07
Support 1 : 107.77
Support 2 : 107.34
Resistance 1: 108.50
Resistance 2: 108.80

Forex Chart and Indicators

2008-06-15T04:42:00.000-07:00

A widget that displays a live forex chart for many different currency pairs. You can easily switch between currency pairs by simply placing the mouse over the top part of the chart and clicking on the drop down menu. There are a few Financial indicators that can be displayed as well. The chart time frame can be adjusted through a drop down menu.

Created by FX-BAR forex toolbar

New Widget added

2008-06-15T04:36:00.000-07:00

I have added new widget to this blog. They are Central Bank Rates, Forex Chart and Indicators and Pivot Point Calculator.

I hope this new widget will helps you.

If u like this widget and want to add to your blog, u can get it HERE for free.

Central Bank Rates

2008-06-15T04:26:00.000-07:00

Created by FX-BAR forex toolbar

FOREX Signal TIPS

2008-06-13T22:17:00.001-07:00

Starting Monday June 16, 2008 I will try my best to give Forex Signal tips for 4 pairs that is

GBP/USD
GBP/JPY
EUR/USD
USD/JPY

anybody that use my tips here, i hope can give me ur comments later.

Thank you

For those who are interested to start trading Forex with me can start Open your trading account at FX Open. With a small spread and can open with micro account, you can start your trading right away. Registration

Friday Price Movement

2008-06-13T21:45:00.000-07:00

GBP/USD

Open : 1.9464
High : 1.9512
Low : 1.9408
Close: 1.9471

GBP/JPY

Open : 210.00
High : 210.78
Low : 209.67
Close: 210.69

EUR/USD

Open : 1.5446
High : 1.5462
Low : 1.5303
Close: 1.5426

USD/JPY

Open : 107.88
High : 108.37
Low : 107.64
Close: 108.20

Comment

2008-06-13T09:03:00.001-07:00

after most of the times seeing the EUR/USD position is floating in profit, its very frustating to see that it reverse and touch my stop lost at -30 pips. So i decide to closed my open position at GBP/JPY for 60 pips and win overall 30 pips.

Hope next week I will touch my TP.

Daily Result

2008-06-13T09:00:00.000-07:00

EUR/USD : -30 pips LOST
GBP/JPY : +60 pips WIN
GBP/USD : No trade (will start on Monday)
USD/JPY : No trade (will start on Monday)

Total : 30 pips WIN

Closed Position

2008-06-13T08:55:00.000-07:00

after EUR/USD closed at -30 pips, i closed GBP/JPY position at 210.38 that is about 60pips

Result - WIN 60pips

Closed Position

2008-06-13T08:48:00.000-07:00

After breaking the support at 1.5355, the lowest market goes was 1.5305 that is about (50 pips) and stop there when the market reverse to touch the stop lost at 1.5385 (-30 pips)

so today trading for EUR/USD is LOST 30 pips

Hi Traders Out there

2008-06-13T02:48:00.000-07:00

I will try my best to analysis daily start from June 16 2008 onwards.

Will take my holidays on Saturday and Sunday as market closed on weekend.
I will only concentrate on 4 major pairs that is

1.GBP/JPY
2.GBP/USD
3.EUR/USD
4.USD/JPY

My trading method is

1. Pending Order - i will place my order at certain price and wait it trigger automatically. Our result should be the same..

2. Market Entry - If i think the price is so hard to resist for me to enter, i will place my order immediately and will update my open position later in this blog. so results may be different.

I will also tell the reason behind each trade and comments are most welcome to improve the trading results from time to time.

2008-06-13T02:34:00.001-07:00

Pending order for EUR/USD triggered.

Will just leave the position float until reach either stop loss or take profit

Open Post : 1.5355
Take Profit : 1.5290 (65 Pips)
Stop Loss : 1.5385 (-30pips)

EVERY TRADE IS RISKY AND ALL VALUE HERE IS BY PERSONAL ANALYSIS. Make sure u put your stop lost to prevent from more losses if the trend change.

USD/JPY

2008-06-13T00:21:00.001-07:00

yesterday market price movement

open price : 106.83
highest price : 108.07
lowest price : 106.79
closed price : 107.89

EUR/USD

2008-06-13T00:19:00.000-07:00

EUR/USD in an weak downtrend with a strong support at 1.5360. Once the price breach 1.5360 level, it should continue to 1.5283

We can place a sell stop order at 1.5355 with TP at 1.5290 ( 65 pips) and stop lost at 1.5385 (30pips) with a win loss ratio of more than 2:1

GBP/USD

2008-06-13T00:14:00.000-07:00

yesterday market price movement

open price : 1.9634
highest price : 1.9634
lowest price : 1.9432
closed price : 1.9465

GBP/JPY

2008-06-12T20:26:00.000-07:00

Friday

Today is the last trading day for this week, Im focusing on Technical Analysis as im not good at Fundamental.

From point of view, GBP/JPY is currently in an uptrend supported by EMA (7.

There is support at 209.00 and the price movement is ranging between 209.30 to 210.50

I entered a buy position at 209.78 with stop lost at 208.50 (128pips) and my TP value at 213.30 (348 pips).

EVERY TRADE IS RISKY AND ALL VALUE HERE IS BY PERSONAL ANALYSIS. Make sure u put your stop lost to prevent from more losses if the trend change.