My Life as a Forex Trader o.O

Trading the Week Ahead o.O

2009-11-07T20:41:00.003+08:00

Yosh!

First thing first, trade idea for next week:

Idea: When a new candlestick open below the trend line, short GBP/USD.

TP and SL are up to your discretion. I'll take around 10-100 pips, SL @ 1.6750.

Secondly, Forex Trading Personal Coaching is back! Anyone interested can call/sms 017 2308020 :)

That's all for the time being, thank you for visiting :)

Trading the Week Ahead :)

2009-10-31T17:43:00.002+08:00

Yosh!

Here's my trading idea for next week:

EUR/USD

Idea: When a new candle stick open below the trend line, short EUR/USD.

TP and SL are up to your discretion. Mine is around 10-400 pips TP, 400 pips SL.

If any of you want to know the relationship of commodities and the US dollar, you may read this article.

That's all for the time being, thank you for visiting :)

Trade Idea for this Week :')

2009-10-21T12:28:00.002+08:00

Yosh!

Long time no update, so here's one:

EUR/USD:

The idea: I'm going to sell the a new candlestick opened below the trend line.

TP and SL are up to your discretion. Mine - SL @ 1.5000, TP 10-100 pips.

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

Trading the Week Ahead o.O

2009-08-30T00:35:00.001+08:00

Yosh!

Long time no update :D

NZD/USD

Trading idea: When a new candle stick open below the trend line, I'll short the pair.

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

The Fed's Full Statement

2009-08-13T13:24:00.001+08:00

Yosh!

Following is the Fed's full statement:

Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out.

Conditions in financial markets have improved further in recent weeks. Household spending has continued to show signs of stabilizing but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit. Businesses are still cutting back on fixed investment and staffing but are making progress in bringing inventory stocks into better alignment with sales.

Although economic activity is likely to remain weak for a time, the Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability.

The prices of energy and other commodities have risen of late. However, substantial resource slack is likely to dampen cost pressures, and the Committee expects that inflation will remain subdued for some time.

In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

As previously announced, to provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of up to $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt by the end of the year.

In addition, the Federal Reserve is in the process of buying $300 billion of Treasury securities. To promote a smooth transition in markets as these purchases of Treasury securities are completed, the Committee has decided to gradually slow the pace of these transactions and anticipates that the full amount will be purchased by the end of October.

The Committee will continue to evaluate the timing and overall amounts of its purchases of securities in light of the evolving economic outlook and conditions in financial markets. The Federal Reserve is monitoring the size and composition of its balance sheet and will make adjustments to its credit and liquidity programs as warranted.

That's all for the time being, thank you for visiting :)

Trading the Week Ahead o.O (Part 2)

2009-07-18T21:58:00.002+08:00

Yosh!

Another trading idea! And I prefer this than previous post :)

AUD/USD

Idea: When a new candlestick open above the trend line, I'll buy :)

TP and SL are up to your discretion.

That's all for the time being, thank you for visiting :)

Trading the Week Ahead o.O

2009-07-18T21:50:00.003+08:00

Yosh!

I have taken a month off (don't ask me where I have been :p) so now I'm back! Trading idea for next week:

GBP/USD

Ideas: If a new candlestick open below the trend line, I'll short. If a new candlestick open above the trend line, I'll buy.

TP and SL are up to your discretion. I'll open few positions with 10, 20, 30 pips TP :)

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

Trading Idea on Kiwi $_$

2009-06-18T20:16:00.003+08:00

Yosh!

I have a trading idea on NZD/USD:

Idea: When a new candlestick open above the trend line, I'll buy. When a new candlestick open below the trend line, I'll sell. I'll put small TP btw :)

TP and SL are up to your discretion.

That's all for the time being, thank you for visiting :)

Trading Idea O.o

2009-06-15T18:34:00.003+08:00

Yosh!

I have a trading idea for this week:

AUD/USD

Idea: When a new candle stick open below the trend line, I'll sell with small TP (10-20 pips will do for me). SL @ 0.8262.

However it's up to you if you want to target more than that, TP and SL are up to your discretion.

That's all for the time being, thank you for visiting :)

Another Reading Material :)

2009-06-14T20:03:00.003+08:00

Yosh!

There's one article in CNBC regarding how to learn patience. In short, they are:

1. Use “feelers,” small positions to help you find the direction.
2. Scale slowly into or out of positions.
3. Document what triggers you to lose patience.
4. Have a build rather than a make mentality.

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

That's all for the time being, thank you for visiting :)

Trading Idea o.O

2009-06-12T02:14:00.002+08:00

Yosh!

I have a new trading idea for this week:

NZD/JPY

Idea: If there is a new candle stick open above the horizontal line, most probably the price will go higher. I'll buy with low TP (I don't really trade crosses, so most of the time I only set small target for each positions). If a new candle stick open below the trend line, then I'll sell with small TP.

TP and SL are up to your discretion.

That's all for the time being, thank you for visiting :)

Change in Trading Idea o.O

2009-06-03T22:49:00.003+08:00

Yosh!

As the chart develop I see something in USD/JPY and want to add my idea in this pair posted before.

USD/JPY

Trading idea: If a new candle stick open above the trend line, I'll buy this pair. This is the original idea. If a new candle stick open below the trend line, it's a signal to sell. If you wanna take some risk, go on, but with low TP. I have taken some risk opened a long position in this pair earlier this week. So if the price go lower, I'll buy more.

Target Profit and Stop Loss are up to your discretion.

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

Reading Materials in the Internet o.O

2009-06-02T00:21:00.002+08:00

Yosh!

I have 2 links here. Each has an article that worth reading. The first one is 7 Reasons Traders Don't Make Money in Range Bound Markets by Doug Hirshhorn. In short:

1. They forget to look at bigger picture and adjust style as markets adjust.
2. Overcomplicate things rather than just keeping it simple.
3. Fear of missing out on that home-run trade.
4. Think “I have to be right on a lot of trades to make money.”
5. Believe they have to trade without emotions.
6. If I lose money, I stink.
7. They take losses “personal.”

For further explanation, you can read here.

Another article is about recovering losses. The article is here.

It is understood that we need to put some money in other to earn money in forex trading. At the same time, we need to invest some time to learn things that we won't get from the charts.

That's all for the time being, thank you for visiting :)

Trading the Week Ahead o.O

2009-05-31T16:39:00.002+08:00

Yosh!

This is my trading idea for next week:

USD/JPY

Trading idea: When the first candle stick open above the trend line, I'll buy.

Additional note: I also taking some risk buying this pair while the price is below the trend line $_$

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

Stalking on NZD/JPY o.O

2009-05-26T09:36:00.004+08:00

Yosh!

I just wanna share something with you guys, what I see in NZD/JPY:

Trading Ideas: If a new candle stick open below the trend line, let the price go lower then buy - maybe I'll take some risk shorting this pair with small TP. If the price break the horizontal line, buy.

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

Trading the Week Ahead o.O

2009-05-23T11:22:00.003+08:00

Yosh!

First, I need another one subscriber :D Feel free to put your e-mail to subscribe ;)

Second, next week trading idea:

AUD/USD

Signal: When a new candlestick open below the trend line, let the price go lower, then buy. Maybe I'll take some risk shorting the pair with low TP.

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

Trading idea - EUR/USD o.O

2009-05-20T18:51:00.004+08:00

Yosh!

I have one trading idea for this week:

EUR/USD

Signal: If a new candle stick open above the horizontal line, most probably the price will go higher. If the price break the lower line, most probably the price will go lower. I'll buy either way.

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

Trading the Week Ahead o.O

2009-05-16T08:32:00.003+08:00

Yosh!

First, I just need one more subscriber in the feedburner. So if you want to get the earliest info, feel free to subscribe.

Second, the trading idea:

GBP/JPY

Trading idea:
If there is a new candle stick open below the trend line, I'll wait until the price go lower, then I'll buy. Since this is GBP/JPY, which I think a dangerous pair, I'll make sure each positions can hold up to 3000 pips or with 500 pips Stop Loss.

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

Change in Trading Idea o.O

2009-05-12T22:14:00.003+08:00

Yosh!

I just forgot to see the 'bigger' picture in USD/JPY:

So here's what I want to change. If a new candle stick open below the trend line, the price might go lower. Let it go lower, unless you want to take risk selling the pair. I'll buy at around 93.00 - 96.00.

That's all for the time being, thank you for visiting :)

When GBP/USD will Fall? o.O

2009-05-11T21:58:00.004+08:00

Yosh!

I saw something in the market today:

Signal:
When there is a new candle stick open below the trend line, short the pair.

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

Trading the Week Ahead o.O

2009-05-09T09:35:00.004+08:00

Yosh!

First, I have another one slot for online personal coaching. If you want to learn, please do contact me - of course I'll charge you. If you think that is a problem, then go around the world and complain the same thing to others - from forex trading coaching to housing (hey Trump, you are a billionaire now, why don't you give me free house? It's charity and you can deduct your tax), or maybe food (hey McDonald, the recession don't really effect you, I want free burger. It's charity). Right now free personal coaching is only available to close friends and selected individuals - yeah, that's my charity.

Second, trading idea for next week - this is not a recommendation, but just an idea :)

USD/JPY

Signals:
Last week the pair was unable to break 99.55 after a few time the price pierced the level. If the price break 97.96, there's higher probability that it can go lower, so buy around 95.00 - 97.00. If the price break 99.55, buy the pair.

That's all for the time being, thank you for visiting :)

Forex Trading Seminar by Flizzoe o.O

2009-05-03T20:58:00.003+08:00

Yosh!

For the first time ever I'm going to conduct a forex trading seminar in Butterworth! So, instead of a personal coaching for everyone (which I charge per hour nowadays), I'm going to teach in a class for 2 days. Here's the plan:

1st day:

8.30 am: Ice Breaking and Introduction to Forex Trading - how it works, leverage, etc
9.30 am: Trading concept
10.00 am: Money management theory
12.00 pm: Question and answer
12.30 pm: Lunch and disperse

2nd day:

8.30 am: Strategy
10.30 am: Writing a proper Trading Plan
10.45 am: How to become a good trader - with the right mind set, etc.
12.00 pm: Question and answer
12.30 pm: Lunch and disperse

Fee:
RM 700 per head
RM 500 for early birds who pay in full

Quorum: min 10 persons, max 20 persons. Lesser than that, I'll cancel the seminar. So please, talk to your families, friends and whoever you know.

Plus: I'll show how to hedge and trade with LOW RISK.

The date most probably on 6th or 7th of June OR 13th or 14th of June. I'll determine the venue later.

Anyone wants to join please call me at 0172308020.

Trading the Week Ahead o.O

2009-05-02T12:16:00.003+08:00

Yosh!

First, to those who don't subscribe yet, please do! You'll get the earliest info in your e-mail everytime I update this blog.

Second, OMG, look at USD/JPY! Went up nearing 100.00. That was almost 400 pips.

Third, trading idea for next week:

Signals:
1. If a new candle stick open above the upper trend line, buy NZD/USD.
2. If a new candle stick open below the lower trend line, you may sell NZD/USD but I don't recommend it. If you do, make sure you put small target profit. Wait the price go lower, then buy NZD/USD.

Target profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

Where will EUR/USD go?

2009-05-01T00:51:00.003+08:00

Yosh!

First, if you are a regular visitor of this blog, thank you very much. If you want to get latest updates on this blog, feel free to subscribe, just put your e-mail there ------------>

Second, I'm just wondering where EUR/USD will go:

The channel is developing. I just have no idea until when it will last. So far what I can see the pair is moving up, slowly, since the range of the channel is huge. However this is not a trading idea to buy EUR/USD.

If you think this is irresistible, allow me to suggest you to buy when the price reach the lower line.

That's all for the time being, thank you for visiting :)

FeedBurner Added o.O

2009-04-26T00:47:00.002+08:00

Yosh!

I added FeedBurner at the top right sidebar. Just put your e-mail there, every time I update this blog, you will receive an e-mail telling you that I have updated the blog.

So you don't need to come everyday to check out new trading ideas or what not :)

Now why don't you subscribe now?