Wednesday, February 25, 2009
Monday, February 9, 2009
GBPUSD broke above the trendline overnight. Moved GBPUSD higher
The GBPUSD broke through the trendline resistance at the 1.4805 level on Friday, moving to a high of 1.4843, but came back down and closed at that level. This was a less than convincing break of a trendline from October.
Today, the market was able to move more convincingling through the level. The high today has come in at 1.4977 . The 1.5000 level will provide “big figure” resistance. The price was last above this level on January 9th. 1.5372 is the high price for 2009. This will also be a target. Finally the 100 day MA comes in at 1.5597. All these levels will act as resistance.
On the downside, the 1.4874 level will act as intraday support. This was the high near the opening today. Below that, the key level is 1.4805 level where we closed on Friday and where the trendline was originally broken on Friday.
Saturday, February 7, 2009
Many other Robot programs for Forex trading do exist, but, when doing your search for the right type, keep in mind what others think of them as testimonials, the results of backtesting, and live testing, and what the results were over that time. Forex trading allows you to trade 24 hours a day, 5 days per week, thats Monday through Friday. There is no cornering on the market, and you can trade as big or as small as you like. With forex trading it is not the same as the stock exchange, since you are actually trading only in currencies.
One of the great things that many have said about the FAP Turbo Robot for forex trading is that it can be installed in 5 minutes or less, start up the program have it set up with your Forex account information, go to sleep, and make money.
As many of the other Forex robots state, they do profits on backtests, and are 100% automatic hands free, but, there is where the FAP Turbo do that, and so much more, like high trading activity, of 10-20 trades a week, automatic risk scaling, high spread protection system, custom 1 click installation, the ability to trade multiple currencies, build in loss prevention, extremely low drawdown, and of course, profits with real monetary deposits to make real profits.
After you sign up with FAP, you will get a welcome package, and access to the Members only VIP area. From there you get your own license key for the robot. After the program is installed, and you have read the training materials, you are ready to go. If you are unsure of using real money, you can try out the robot on demo accounts first to see what it is all about.
Forex Trading - http://www.forex-trading-expert.net/
Article Source: http://EzineArticles.com/?expert=Joe
Thursday, February 5, 2009
Wednesday, February 4, 2009
semestinya tadi ...
Buy at 1.4439 and TP at 1.5700....
Ternyata perlu banyak belajar lagi..lagi dan lagi
teknikal analisis tak boleh dipakai sewaktu ini..ekonomi nak runtuh..
kena pakai foundalmental yaa pulak
soory newbie..tolong ajari...
Short now from 4439. Stop 4505.
The last 5-wave rally (15 min chart) appears to complete a larger 3-wave rally (see 1hr chart below). My MA is rolling over so that is my signal.
That said, a 3-wave decline that does not break 4300, and especially if it holds above 4150, leaves open the possibility of a dramatic move to the up-side to break the trend-line on the weekly chart, because of the 3rd-of-3rd wave phenomenon. I will try to alert that possibility here if it develops in the market.
Tuesday, February 3, 2009
Selalunya forex trader yang baru-baru belajar atau baru menceburi bidang ini akan melakukan beberapa kesilapan besar. Kesilapan ini nampaknya remeh, tetapi memberikan impak besar terhadap KEUNTUNGAN atau MARGIN yang digunakan. Akibatnya berlakulah 'floating' yang banyak. Antara silap besar trader ialah:
- Tidak sabar
- Tamak - yang membawa kerugian besar apabila 'floating' menjadi semakin besar
- Terburu-buru meletakkan posisi 'trade'
- Melanggar arahan (daripada pembimbing) atau trading tidak ikut peraturan
- Tidak peka dengan berita-berita besar yang menjejaskan pasaran kewangan
- Tidak mengawal 'available' sehingga ada 'trade-post' yang di-'close'kan oleh broker kerana kehabisan 'available'
- Gagal mengawal emosi - sehingga ada yang jatuh sakit
- LUPA SOLAT!!!
Sunday, February 1, 2009
1. Success Comes From Inner Understanding
To succeed at forex trading you need to do it on your own and understand EXACTLY how and why your system works.
Even if you follow a vendor or someone else's currency trading system, you can't simply follow it you must learn it and have confidence in it.
If you don't understand how your trading system will help you succeed, you won't have confidence in it which will lead to a break down of discipline if you hit a losing period.
Keep in mind if you don't have the discipline to follow your trading method, you don't have a method!
2. Keep It Simple & Work Smart
Many traders believe the more effort they put into their forex trading strategy the more they will make - this is not true. You get rewarded for being right with your trading signal and that's it.
Other traders think the more complicated their system is the more chance it has of succeeding but again - this is not true.
All the best forex trading systems are simple and this means they have fewer elements to break and are more robust in the face of brutal market conditions.
This is actually good news, as you need to work smart and not hard to succeed.
Simply focus on the right areas and learn them. If you do this, it will lead you to currency trading success.
3. A Successful Trading System
Here we can't give you all that goes into a successful trading system - but we will give you some important basic elements you need to keep in mind when building one.
- Do not day trade, as you are guaranteed to lose. All short term volatility is random and you cannot get the odds on your side, either swing trade or follow long term trends.
- Base your system on the concept of support and resistance and breakout methodology.
- Do not predict with your system. Use momentum oscillators to confirm each and every trading signal.
If you predict that's simply hoping or guessing and you won't win.
Trade the truth of price action and confirm.
- Always place stops and assume the worst eventuality - you need to protect what you have above all else. As one trader I once knew said:
"If you take care of the losses the profits will look after themselves".
4. The crucial Point You Need to Understand!
In forex trading 95% of traders lose.
This is simply in most instances down to the fact they don't work smart and learn the right information.
They therefore don't have confidence to apply their system with discipline.
You need to understand as part of your forex education that your method is important - but you need the right mindset to apply it.
If you want to learn currency trading you can, in fact anyone can - but you must learn how to trade currencies the right way and build a logical, simple forex trading strategy which, takes into account all the points we have made above.
If you do, you can build a forex trading strategy for success.
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Article Source: http://EzineArticles.com/?expert=Kelly_Price