Weekly Wrap and Closed Trades o.O

Yosh!

Information below was copy-and-pasted from here:

Currencies: The US dollar was poised for its biggest monthly gain since October 1992, helped by upbeat economic news for the week.

• The dollar index traded at 77.31 late Friday, advancing 5.58% for the month, marking its biggest percent increase since January 1997.
• Ahead of the long holiday weekend in the US, the euro was at $1.4668 on Friday, from $1.4705 late Thursday. Euro-zone data showed a less-than-expected inflation rate; however, earlier comments in the week from policy makers raising concerns over inflation levels in the euro-zone led investors to expect an increase in interest rates in the near future. The euro was on track for its biggest monthly decline since January 1997, down 5.98% for the month.
• Rising concerns over the economic health in the United Kingdom, led the pound to depreciate over 8% in August, its sharpest monthly-percentage decline in over 15 years. The pound sterling traded at $1.8223 on Friday, from $1.8294 late Thursday.
• Against the Japanese yen, the US dollar was at 108.81 yen per dollar on Friday, from 109.48 yen late Thursday, up 0.85% for the month.
• The Australian dollar fell almost 9% in the month of August, increasing expectations that the rate between the US and Australia could narrow. The Reserve Bank of Australia has hold interest rates at 7.25% since March 4, 2008.

If you are interested to read more, you can read it here.

Closed Trades:
USD/CHF sell @ 1.0930, closed @ 1.0910 (20 pips)
USD/CHF sell @ 1.0950, closed @ 1.0930 (20 pips)

Pips Count: 60 pips

I'm targeting 1000 pips (as usual) to be sacrificed.

The House of Pain
GBP/USD buy @ 1.9600
NZD/USD buy @ 0.7300
AUD/USD buy @ 0.9300
USD/CHF sell @ 1.0500
USD/CAD sell @ 1.0300
USD/JPY sell @ 108.00

That's all for the time being. Thank you for visiting :)

Trading Ideas o.O

Yosh!

It has been a long time I don't post any trading idea in this blog. Since the first batch of paid signals is over, I'll put some of my trading ideas in this blog, before I start the second batch of paid signals. For record, 9 out of 10 paid signals in the first batch are profitable, the last one is not. So it is like 90% profitable.

Here's my trading ideas for this week, it is just idea, so doesn't mean it will become profitable.

USD/CHF


Since the past 6 weeks the price is above the supply-demand line. Once it break the line (candlestick open below the line), I'll go short.

Target profit depends on discretion, stop loss is at 1.1050.

AUD/USD

Right now AUD/USD is moving within the range. I will wait until the price break either one, then I'll decide whether to buy or sell.

That's all for the time being. Thank you for visiting :)

Weekly Wrap and Closed Trades o.O

Yosh!

Information below was copy-and-pasted from here:

Currencies: The dollar strengthened against its major rivals on Friday, following remarks from Fed Chairman Bernanke emphasizing that a stable dollar and a decline in commodity prices should help ease inflation for the reminder of the year and into 2009. Mr. Bernanke's comments also led investors to speculate that the Federal Reserve might keep interest rates low in the coming months. A $3 drop in crude oil prices and a bleak outlook for the United Kingdom also helped to lift the greenback.

• The dollar index hit an intraday high of 76.77 on Friday, up 0.60% for the day.
• The pound sterling fell to its lowest level in nearly two years, after a revised GDP reading in the United Kingdom showed a dismal growth of 0.2% during the second quarter. The UK's economy had its worst quarterly performance since 1992, which increased investors' concerns over a possible recession. The pound sterling hit an intraday low of $1.8508 per pound Friday. During midday trading the pound was at $1.8549, from $1.8779 late Thursday, down 3.4% for the week.
• Concerns over the health of the major European economies led investors to speculate the that ECB along with the Bank of England might be forced to ease their monetary policies. The euro fell to its lowest level in over 6 months this week, hitting an intraday low of $1.4632 per euro on Tuesday. On Friday, the euro traded at $1.4812, from 1.4896 late Thursday.
• The dollar rose over 1% versus the Japanese yen Friday to 109.89 yen per dollar. The dollar has appreciated over 4% against the yen in the past 3 months, and is trading near its highest level since early January of this year.
• Highlights: New Zealand
  Against the New Zealand dollar, the greenback has appreciated 10.21% in the past three months, trading at $0.7101per kiwi on Friday, from $0.7205 late Thursday. The Reserve Bank of New Zealand cut its key interest rate by a quarter of a point to 8% on June 5th, 2008, while inflation for June remained at 4%.

If you are interested to read more, feel free to visit here.

Closed Trades:
EUR/USD buy @ 1.4870, closed @ 1.4890 (20 pips)

I'm targeting 1000 pips (as usual) to be sacrificed.

The House of Pain
GBP/USD buy @ 1.9600
NZD/USD buy @ 0.7300
AUD/USD buy @ 0.9300
USD/CHF sell @ 1.0500
USD/CAD sell @ 1.0300
USD/JPY sell @ 108.00

That's all for the time being. Thank you for visiting :)

Killed! o.O

Yosh!

Finally I manage to kill one bad trades!

Here's my house of pain - super bad trades:

EUR/USD buy @ 1.5500
GBP/USD buy @ 1.9600
NZD/USD buy @ 0.7300
AUD/USD buy @ 0.9300
USD/CHF sell @ 1.0500
USD/CAD sell @ 1.0300
USD/JPY sell @ 108.00

I closed my EUR/USD position @ 1.4700 (800 pips). All profits I earned in the past 2 weeks were sacrificed in order to kill this bad position.

I played safe, trade smallest lot possible with target profit 10 pips each. Right now I just want to break even, want to protect my capital :)

Well, 6 bad positions to go. Maybe next 2 weeks I can kill another bad position.

That's all for the time being. Thank you for visiting o.O

Weekly Wrap o.O

Yosh!

Information below is copy-and-pasted from here:

Currencies: The US dollar continued to gain momentum against most major currencies, as data in the euro zone, Japan, and the United Kingdom pointed to a deteriorating economic outlook. A drop in commodity prices has shifted investors’ interest to the safety of US assets. On Thursday, Goldman Sachs stated the dollar has bottomed.

• Friday, the dollar index rose to its highest level since January 22, hitting an intraday high of 77.25. The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, has jumped over 5% in the past month.
• Concerns over the health of the euro zone economy have pushed the euro to a 6-month low against the US dollar. The euro has depreciated nearly 6% versus the greenback in the past month, trading at $1.4666 per dollar on Friday, from $1.4822 late Thursday.
• The pound sterling fell to a two-year low versus the US dollar on Friday, as investors widely anticipate a rate cut by the Bank of England in the coming weeks. The pound sterling traded at $1.8633 per pound on Friday, from $1.8696 late Thursday, down about 3% for the week.
• Japan’s economy for the second quarter contracted at its fastest rate in 7 years, pushing the yen to its lowest levels since January 2. The Japanese yen traded at 110.48 yen per dollar on Friday, from 109.70 yen late Thursday. The yen has depreciated about 2.40% in the past month, and is now down approximately 1.10% year-to-date.
• The Australian dollar declined to as low as $0.8611 versus the US dollar, down 2.53% for the week, while the New Zealand dollar was at $0.7063 per kiwi on Friday, from $0.7000 late Thursday.
• While tensions between Russia and Georgia escalate, some investors have favored the US currency adding to the greenback’s bullish momentum. The US dollar has appreciated about 5% in the past month against the Russian ruble, with one dollar buying 24.6029 rubles on Friday.
  

If you are interested to read more, feel free to visit here.

I still holding bad trades since last week. I don't have enough profit to be sacrificed right now. Maybe next week I'll closed one bad trades.

WTF! Super WTF! Mega WTF!

That's all for the time being. Thank you for visiting.

The House of Pain :O

Yosh!

After 5 weeks of perfect trades, finally I entered into the market with bad entries. At least the lot is low.

My 'super-duper-bad' trades right now:
EUR/USD buy @ 1.5500
GBP/USD buy @ 1.9600
NZD/USD buy @ 0.7300
AUD/USD buy @ 0.9300
USD/CHF sell @ 1.0500
USD/CAD sell @ 1.0300
USD/JPY sell @ 108.00

So it is a LOT of pain. I have 2 choices, closed it and accept the losses, or, wait until they reverse. I still thinking about it. So I let them float for the time being.

That's all for today. Thank you for visiting.

Weekly Wrap o.O

Yosh!

Information below was copy-and-pasted from here:

Currencies: The US dollar rallied against the euro, as investors worried about the health of European economies. A 4.2% drop in crude oil prices on Friday, to ~$115 per barrel, helped to further lift the greenback.

• The dollar index hit an intraday high of 75.90 on Friday, its highest level since February 21, 2008. The dollar index was last at 75.69, up 1.53%. The dollar index has broken out of its 200-day moving average, which could be bearish for commodities. In contrast, it could raise investors' interest in US assets.

• The euro hit an intraday low of $1.5008 per euro, dropping to its lowest level since February 27, 2008. On Thursday, the European Central Bank announced that it would hold interest rates steady at 4.25%, as the ECB struggles to balance high inflation and sluggish growth. The euro fell as much as 2.07% from its intraday high during Friday's trading session, marking its biggest intraday-move since May 7, 2004. The euro was last at $1.5035, from $1.5321 late Thursday.

• The pound sterling dropped to its lowest level since November 24, 2006, and was poised for its biggest weekly-percentage-decline since July 2005. The pound sterling hit an intraday low of $1.9213 per pound on growing concerns over England's economic outlook. Friday afternoon, the pound was at $1.9209, from $1.9435 late Thursday.

• The greenback crossed the 110-Japanese yen mark on Friday, rising to it highest level since January 2, 2008. The dollar traded at 110.25 yen on Friday, from 109.43 yen late Thursday, while the dollar raised to 1.0813 Swiss francs per dollar, from 1.0623 francs late Thursday.

If you are interested to read more, feel free to visit here.

That's all for today, tomorrow will write about my trades.

Thank you for visiting :)

Nine Reasons For Dollar's Rally

Yosh!

This stuff was copy-and-pasted from here:

1) The Fed toughened up
2) Economic growth is weakening globally
3) Interest rate parity
4) Purchasing power parity
5) Massive unwind of commodity-linked trades
6) Unwind of the de-coupling bet
7) Commodity drop is good for U.S. consumers
8) Change of U.S. leadership
9) The Batman movie is a smash everywhere, causing a huge capital flight to the U.S.!

If you are interested to read the details, feel free to visit here.

Thank you for visiting :)

Weekly Wrap o.O

Yosh!

Information below was copy-and-pasted from here:

Currencies: Friday, the US dollar gained momentum against most major currencies after better-than-expected data from non-farm payrolls helped investors regain hopes on the health of the US market. A slight decrease in the ISM Manufacturing Index in July also helped lift the greenback.

• The dollar index hit an intraday high of 73.53 on Friday, slightly below its highest level since June 24. Friday afternoon, the dollar index was at 73.36, up 0.70% for the week.
• The euro hit an intraday low of $1.5517 versus the greenback, falling to a five-week low. Friday afternoon, the euro traded at $1.5557 per euro, from $1.5601 late Thursday. The euro declined against the US dollar, after factory activity in the euro zone contracted at its fastest pace in five years.
• The pound sterling remained lower against the greenback, following a key UK manufacturing survey showing its fastest decrease since December 1998. The pound sterling traded at $1.9747 per pound on Friday, or its lowest level since July 10, down 0.87% for the week.
• Against the yen, the US dollar traded at 107.64 yen on Friday, from 107.90 yen late Thursday, while the New Zealand dollar was at $0.7273 on Friday, a ten-month low against the greenback.
• The Australian dollar fell to $0.9302 on Friday, from $0.9419 late Thursday, depreciating to its lowest level since May 15, down 2.81% for the week. Manufacturing activity in Australia declined to its lowest level since November 2005, raising investors' expectations that the Australian Central Bank might cut interest rates from the current 7.25%.

If you are interested to read more, feel free to visit here.

Remember, do your homework before you trade, and every trade must be won before it is executed :)

That's all for the time being. Thank you for visiting :)

Closed Bonus Trades $_$

Yosh!

Below are bonus trades I made since last week. Right now I have enough to cover at least 3 weeks expenses, so I made low risk trades only. Low risk, low loss (in my case, no loss), less stress :)

Closed Trades:
GBP/USD sell @ 1.9950, closed @ 1.9940 (10 pips)
EUR/USD sell @ 1.5820, closed @ 1.5650 (170 pips)
GBP/USD sell @ 1.9990, closed @ 1.9875 (115 pips)
EUR/USD sell @ 1.5700, closed @ 1.5690 (10 pips)
USD/JPY buy @ 106.95, closed @ 107.35 (40 pips)
USD/JPY buy @ 106.65, closed @ 107.75 (110 pips)
USD/CAD buy @ 1.0065, closed @ 1.0175 (110 pips)
AUD/USD sell @ 0.9601, closed @ 0.9541 (60 pips)
USD/CHF buy @ 1.0350, closed @ 1.0360 (10 pips)
EUR/USD sell @ 1.5720, closed @ 1.5700 (20 pips)
EUR/USD sell @ 1.5730, closed @ 1.5720 (10 pips)
AUD/USD sell @ 0.9631, closed @ 0.9521 (110 pips)
EUR/USD sell @ 1.5760, closed @ 1.5650 (110 pips)
USD/CHF buy @ 1.0320, closed @ 1.0430 (110 pips)
GBP/USD sell @ 1.9966, closed @ 1.9796 (170 pips)
AUD/USD sell @ 0.9520, closed @ 0.9410 (110 pips)
GBP/USD sell @ 1.9920, closed @ 1.9765 (155 pips)

Total: 1430 bonus pips

Paid Signals Closed Trades (10 Signals for RM 10):
AUD/USD sell @ 0.9650, closed @ 0.9550 (100 pips)
GBP/USD sell @ 2.0000, closed @ 1.9900 (100 pips)
EUR/USD sell @ 1.5900, closed @ 1.5800 (100 pips)
USD/CAD buy @ 1.0100, closed @ 1.0200 (100 pips)
USD/CHF buy @ 1.0170, closed @ 1.0270 (100 pips)
AUD/USD sell @ 0.9700, closed @ 0.9600 (100 pips)
GBP/USD sell @ 1.9880, closed @ 1.9780 (100 pips)
EUR/USD sell @ 1.5700, closed @ 1.5600 (100 pips)
GBP/USD sell @ 1.9900, closed @ 1.9800 (100 pips)

Paid signals pips count: 900 pips

That's all for the time being. Thank you for visiting :)