Yosh!
If you refer to previous entry, I put 3 trading ideas. Out of that 3, I only go for NZD/USD - I don't like to diversify my trading in many pairs lately. Only if the pair I'm trading right now give me more floating positions than hit the target, then I'll jump to other pair temporarily.
I prefer to do some cost averaging. Open positions in small lot but different prices. For example, right now, I'm willing to buy NZD/USD at 0.5610, therefore, any price below that, I considered as bargain. This technique I adopt and modified from stock trading. Don't dump everything into one position because you might lose some bargains.
Start small, because we never know whether it is a perfect entry or not. Usually trader will use pivot points, camarilla points, fibonacci as guidelines for them to enter the market. If the price goes lower, grab the bargain, if it goes higher, let the position hit the target. So either way you are still making money.
In short, start small, have a gut feeling, don't be afraid if your positions are floating, because there are some bargains waiting for you. Forex is not risky if you prepare yourself just like the soldiers train themselves before they go to battle.
That's all for the time being, that you for visiting :)
Trading this Week o.O
Trading the Week Ahead o.O
Yosh!
I have taken a week off from blogging (well, my holiday started last week, btw), now I'm ready to put some stuff here.
I have 3 trading ideas for next week based on one of my favorite techniques. Please take note this is not my primary technique used for technical analysis:
Technique: Trend line (also known as 'Mouteki Technique')
Time frame: H4
EUR/USD
I like to buy this pair, so if the price break and open above the upper trend line, I'll buy, if the price break the lower trend line, I'll wait for the pair to go lower then buy.
NZD/USD
For kiwi, it is similar like above, if the price break and open above the trend line, then I'll buy.
GBP/JPY
It's very rare for me to have trading ideas for crosses, today I have for GBP/JPY.
If the price go lower the horizontal line, most probably the price will go lower. If the price break and open above the trend line, the I'll buy this pair.
Target profit and stop loss is up to discretion.
That's all for the time being, thank you for visiting :)
Trading Ideas and Live Trading with Me o.O
Yosh!
First, look at the trading ideas I posted last week, seems like none of them hit the trigger. Never mind, I still keep the trading ideas will a little twist.
Look at the price and compare the price of last week and current. The price of the pairs right now are cheaper than before, so if last week I was I willing go long in those pairs if they hit the trigger regardless the price, in this week, seems like they are quite a bargain :)
Try to look into shorter time frame, 15M or 30M for entry, then grab some green pips. By the way I'm only trading NZD/USD for the time being, so trade at your own risk. I found out that Germany officially in recession right now, that's why I'm not interested to trade EUR/USD yet o.O
Second, this Friday maybe until next week I'm going to do some live trading with my student last week. He said he's going to start with USD 1000, so maybe I'm going to help him to earn USD 100, more or less.
If any of you are interested to join forex trading personal coaching, feel free to contact me. For live trading it is a *free service, but subject to my schedule.
That's all for the time being, thank you for visiting :)
* I'm expecting that food and accommodation is provided, computer with internet connection, and those with Playstation 2 or 3 will be given higher priority o.O
2000 Unique Hits! o.O
Yosh!
I was teaching forex trading for 2 clients today and then I checked my blog.
OMG! Now this blog has more than 2000 hits :)
I'm looking forward when it will reach 3000!
Thanks to you guys :)
This Week Trading Idea o.O
Yosh!
I have 4 trading ideas for this week. Hopefully they'll turn to become profitable trades. While I'm happy that Barack Obama got elected as the next President of America, when it comes to trading, with current condition, I choose to sell USD. In other words, go long EUR/USD, NZD/USD and AUD/USD.
EUR/USD
I'll go long when the first candle open above the upper trend line. If the price break the lower trend line, I'll wait for a few hundred pips to go down first before going long this pair.
GBP/USD
Similar to EUR/USD, I'll go long when the first candle open above the upper trend line. If the price break the lower trend line, I'll wait for a few hundred pips to go down first before going long this pair.
AUD/USD
I'll go long when the first candle open above the upper trend line.
NZD/USD
I'll go long when the first candle open above the upper trend line.
Bonus!
GOLD
Overall, I love this most more than other trading ideas. Just the same as before but I have more confidence on this :)
I'll go long when the first candle open above the upper trend line.
Target profit and stop loss are depending on you discretion and risk appetite. If you love higher risk, put huge target profit and stop loss. If not, the put otherwise.
That's all for the time being. Thank you for visiting :)