30 MAY 2009

GBPUSD
Its quite a good trading day for me, but not the signal. Looks like the signal below should be entered at least during afternoon or later (because today it shows that if price break the line early in the morning most probably we will get in trap).

I'll post later..have a nice weekend!

29 MAY 2009

GBPUSD
As we discussed yesterday if price break 1.5924 it will go down , and it really happen! From 1.5924 to 1.5850...not bad huh :)

Ok ok...for today, looks like price can go up again (minor uptrend continues) but if price break 1.5779 it will go deeper down, check graph below :













Click picture to enlarge

Forexhaha Daily Signal (29 May 09):

GBPUSD : sell stop 1.5936, TP 1.5920, SL 1.6011 <== Hit SL again, price reached our yesterday TP ! :(

GBPJPY : sell stop 153.56, TP 153.30, SL 154.46

Good luck!

28 MAY 2009

GBPUSD
Price went up again to 1.6087 and then pulled back to 1.5953 this morning. It shows quite strong signal bor downtrend if price break 1.5924 today. See graph below:












Click picture to enlarge

Forexhaha Daily Signal (27 May 09):

GBPUSD : buy stop 1.5999, TP 1.6015, SL 1.5924 <== Hit SL -75 pips

GBPJPY : sell stop 152.25, TP 152.00, SL 153.15 (not reached PO)

Good luck!

27 MAY 2009

GBPUSD
We got nice hits on both signal yesterday! Trendline remains bullish (uptrend):













Click picture to enlarge

Forexhaha Daily Signal (27 May 09):

GBPUSD : sell stop 1.5880, TP 1.5864, SL 1.5955 (not reached PO)

GBPJPY : sell stop 150.64, TP 150.39, SL 151.54 (not reached PO)

Good luck!

26 MAY 2009

GBPUSD
Nothing much on Monday I think because as we discussed yesterday its a bank holiday in UK (and in US also). Perhaps price has made a nice pattern before we see it going bullish or bearish during London Open today (around 3pm malaysia time).
Check trendline below :












Click picture to enlarge

Forexhaha Daily Signal (26 May 09):

GBPUSD : sell stop 1.5894, TP 1.5878, SL 1.5969 <== Hit TP 16pips!

GBPJPY : sell stop 150.76, TP 150.51, SL 151.66 <== Hit TP 25pips!

Good luck!

25 MAY 2009

GBPUSD
Its a bank holiday in UK today so I suggest for all of you stay away from any pair that includes pound sterling such as GBPUSD,GBPJPY,EUGBP and so on. It would be quite dangerous and risky to trade today.

But...as the uptrend continues, I see there's a good point if the trend would change this week. 1st signal of downtrend will happen if price break 1.5757, and 2nd signal at 1.5518














Click picture to enlarge

No signal for today~

22 MAY 2009

GBPUSD
Today we got 100% good news! All my signals hit TP and GBPUSD went down to pivot line as expected. Congrats for those who take note in my signal yesterday :)

well...as we can see here, in the morning of 23rd May, price still moving up. Changes of down trend will happen if price break 1.5516.












Forexhaha Daily Signal (22 May 09):

GBPUSD : sell stop 1.5711, TP 1.5694, SL 1.5786

GBPJPY : sell stop 148.60, TP 148.35, SL 149.50 <== Hit 25 pips!

Good luck!

21 MAY 2009

GBPUSD
We got 1 good news and 1 bad news. The good news is our GBPJPY signal has got 25 pips! The bad news is price didnt reached 1.5430 as expected.

For today it looks like price will moving down, quite strong signal to pivot line, 1.5460. But the trend can go up again if price break yesterday high at 1.5795.












Forexhaha Daily Signal (21 May 09):

GBPUSD : sell stop 1.5629, TP 1.5611, SL 1.5704 <== Hit TP!

GBPJPY : sell stop 148.84, TP 148.59, SL 149.74 <== Hit TP!

Good luck!

20 MAY 2009

GBPUSD
Price moving around 1.5500 area. But for me price MUST touch back 1.5430.
Break of 1.5427 maybe a good signal for downtrend.











Forexhaha Daily Signal (20 May 09):

GBPUSD : sell stop 1.5417, TP 1.5399, SL 1.5492 (not reached PO)
GBPJPY : sell stop 148.52, TP 148.27, SL 149.42 <== Hit TP!

Good luck!

19 MAY 2009

GBPUSD
Price went back top to 1.5350 yesterday, and if it break 1.5358 should be continue uptrend, at least to 1.5380 (now u got 1 signal here).

Eventually since last week everyone got confused with market trend, it went up and then down back, repeating 2-3 times as shown below:











Click picture to enlarge

Forexhaha Daily Signal (19 May 09):

GBPUSD : sell stop 1.5244, TP 1.5226, SL 1.5319 (not reach PO)
GBPJPY : sell stop 145.58, TP 1.5423, SL 146.48 (not reach PO)

Good luck!

Zigzag Pattern and Similar Indicators in Forex World

Okay...for this week let's discuss about zigzag pattern in forex graph. You can see it in all pairs as shown below:












This happen because price has created 'peak' and 'valley' on that day. No matter what timeframe u got on your platform, it really happen. Now as a trader you must tell yourself how u gonna acknowledge this? The picture above is a default graph or naked graph (because there is no indicator to show that zigzag pattern, i drew it myself).

If you need indicator, there are plenty of indicators that can assist you about this. When the peak has confirmed, you open SELL position. When the valley has confirmed, you open BUY position.

These indicators related to peak n valley signal :












Fractal












3 Level ZZ











High low V2 Zigzag

If you need this indicator, you can email me at mmaker14@yahoo.com

Next week : Discuss more about peak and valley technique!

Trader & Blogger :D

Why I start blogging?

- Because I can share my signal, tips and anything about forex to all my friends! (yes..anyone who read this is my fren :P )

- I can improve my english skills (well..my english vocab still not good, u can see soo many grammar mistakes on my daily report). :|

My Aim ? To be the best trader in Putrajaya!

17 MAY 2009 Weekly Review

GBPUSD
Price floating up and down near weekly pivot for this week (1.5107), but it seems like the bullish trend has gone weaken. See picture below and on top area after price reached 1.53++ price went down back to 1.52++ area. The trendline is not confirmed yet, but thats what i see for now, still no confirmation for bullish/bearish trend. If you ask me where price will go for next week, i vote 70% for down, 30% up ! :D











Click picture to enlarge

15 MAY 2009

GBPUSD
Price went down as expected but didnt break 1.5050. Futhermore we got 10 pips as usual from my median signal.

For today, GBPUSD looks like in uptrend again, focus on 1.5250 to buy stop.

My median signal : sell stop 1.5148 (tp 10 pips)

14 MAY 2009

GBPUSD
Price turned back to downtrend as major news for pound sterling crunched up, and dollar takes the opportunity to make stronger. Pull back down to 1.5087 and if price break this line today, It should go to at least 1.5050.

My median signal : buy stop 1.5213 (tp 10 pips)











click picture to enlarge

13 MAY 2009

GBPUSD
Price went high up to 1.5354 and still shows uptrend pattern this morning. No clear view price will go down soon.

My median signal : sell stop 1.5211 (tp 10 pips)











Click picture to enlarge

12 MAY 2009

GBPUSD
I didnt enter buy position yesterday because price didnt broke 1.5250 (Friday high) which could be strong signal for uptrend. And I still dont see any confirmation for downtrend yet. We have to wait at least today during london session.

My median signal : 1.5160 (tp 10 pips)

Need My Help?

Do you have any problem regarding forex? Ask me here maybe I can help! :D

My Forex History

Why I interested in forex? Because I love money. That's why since I'm 19 I had started doing part time business, selling computer to student. It was a good experience to me although it is not successful (sell only 3-5 PCs) :P

Then around end 2007, working as graphic designer is so cool. Design so many DTP materials and I can browse to the internet, searching for good design example anytime I want. During that time I registered into www.carigold.com/portal , a portal discuss about business and money making opportunities. I read some about forex but I dont have friends to talk about it, I learn it slowly and take it serious on feb 2008.

The 1st forex platform that I used before is forexyard (www.forexyard.com). Easy to use, good for beginner but no IB in Malaysia. My good internet friend (procodine) told me to use another
platform and then I changed to masterforex. During this time I learned a lot, so many techniques, skills, tips I learned from internet, ebooks, friends, etc. From forexyard then turned to masterforex, liteforex, ibfx, instaforex and latest one ikofx.

:)

Year 2008 is a black year for my forex business, I got MC many times and it is so frustrated.
I dont give up since then, until today (early 2009) I can maintain my profit. It is not much because my money is around 10-20usd but I managed to get 10-20usd per month. I hope next year I can enjoy more profits around 50-100usd every month and be one of the greatest forex trader in Malaysia.











Screenshot of forexyard

8 MAY 2009

GBPUSD
We got 2 sell order yesterday; 1 at pivot level and another one around 1.5110 area. I never thought price can go higher than yesterday (should be downtrend), this is because of news from NonFarm Payroll (NFP). The analysis predicted usd might go strong yesterday but it didnt happen. Is it because of swine flu? haha











Click picture to enlarge

Weekly Conclusion
This week price didnt cross weekly pivot level (1.4795). Looks like my experimental technique didnt make it nicely. Will see it next week.

8 MAY 2009

GBPUSD
As discussed yesterday, if price break our trendline then we can sure the new trendline. It did happen yesterday, went up and reached 1.5198 and then went down to as low as 1.4942.

For me, i think price can go up again limited to 1.5110 area. But most of all i see it's a downtrend for today, pls focus sell position rather than buy.

(tips : if price reach pivot line 1.5052 then u can enter sell).










click picture to enlarge

7 MAY 2009

GBPUSD
Price rally from ranging area but turned back to uptrend early this morning. Take a closer look at picture below the trend line might goes higher if price break 1.5164.











Click on picture to enlarge

6 MAY 2009

GBPUSD
As expected price going down after reached resistance 3 line last night at 1.5164. Today price still shows bullish/uptrend but there is a chance for the trend to go reversal. Check picture below maybe this afternoon we can see price going deeper down around 1.4950 area.











Click picture to enlarge

Median Signal : sell stop at 1.5071 TP 10 pips!

------------

5 MAY 2009

GBPUSD
I thought price would going down but then its up again (because of news late last night). Should be ok, eventhough price shows bullish (uptrend) buy it will going down soon or later. Check your balance equity and if it is ok u'll be fine!













Click on picture to enlarge

4 MAY 2009 (Part 2)

Please refer picture below (u can see price goes up and then going down, very nice movement before we can focus for sell position).

Take profit at 1.4795!

4 MAY 2009

GBP/USD
This morning shows bullish/uptrend. Please focus on buy position. But open price for this week is 100pips++ above our weekly pivot at 1.4815. I think if price reach 1.4975 maybe we can enter sell position and take profit (TP) at 1.4835.

Good Luck !

------------------------------------------
Here are my new zigzag tf4 signal...just put into your platform and see what happen:

EU/USD : buy stop : 1.3389
sell stop : 1.3187

GBP/USD : buy stop 1.4952 <== Hit 25pips!
sell stop : 1.4701

USD/JPY : buy stop 99.78
sell stop : 95.61

GBP/JPY : buy stop : 149.92
sell stop: 138.89

TP : 10-25 pips for your safety ;)

1 MAY 2009

GBP/USD
I'm off today ...see u next week!

(got 25pips from pair USDJPY and GBPJPY) see my tf4 zigzag signal.

that's the good news...but the bad news is my median signal didnt close yet because price just touch down 1.4708 and then went up back (now floating at -210 pips). :(