Sunday, June 15, 2008

Simple EMA Setting

This is simplest workable EMA setting. I have use it trading in different currency, but it really work on GU pair.
Set ur moving average to :
EMA 1 : 4 MA (Yellow)
EMA 2: 13 MA (Blue)
EMA 3: 50 MA (Red)
For buy position comfirmation , 4EMA will cross up 50 EMA followed by 14 EMA. Close your buy position when 4EMA cross 13EMA.
For sell position comfirmation, 4EMA will cross down 50 EMA followed by 14 EMA. Close your sell position when 4 EMA cross 13EMA.
I put my tp at 200pips for GU pairs. But when my more than 100 pips, i put my stoping trails at 100pips.
:-)

Monday, June 9, 2008

G/J and G/U going crazy

Thanks God I close my posistion after getting 467pips on G/J and 346 pips on G/U. I was holding my posisition since thursday after my 4 ema and 13ema crossing 50 ema on G/J and G/U 4 hours chart. This is my entry signal for long term.

If 4 ema and 13 ema crossing 50 ema upside, it is a uptrend. otherwise it is downtrend. I also use stochastic and RSI to see if the pair is overbought or oversold. My entry position is when the currency trend start reversal at 4 hours chart.

I also put trendline to comfirm the reversal. dont forget to see the daily candlestick. The important thins is you must be patient and only entry your position when ur indicator say so.

I trade on EU, GU, GJ, and AU

Last week : 2301 pips.

Friday, June 6, 2008

Some basic thing trader must know.

It was 4.22 pm in friday when i was write this blog. sorry guyzz that i havent write for a while. im quite bz with my work and forex. I was watching my GBP/JPY and GBP/USD currencies right now. It seem to down trend after uptrend rally. I have made some money by doing scalping trading today. Scalping means you buy at deep bottom and sell at peek high. There are several types of trader, if u do scalping, u r making money on every move of the market. By using IMRAN setup (system that promising) u cant scalp using 5M and 15M chart. But make sure that all indicator give you green light to enter the market :-). some traders are not patient and this make them lost a lot of money. So remember, the first thing u need to learn before trading is to patient. second thing u have to do is u must trust ur indicator. enter market when both market are open where there is a movement in that currency. for example when u are enter GBP/JPY market make sure that market in london and japan are both open otherwise the market movement is to slow. it really waste my time if i trade when the market is slow. -->> time consumption with low profit or no. Third is do enter the market if there are news about the currency are coming especially high impact news. You can get the time by visiting www.forexfactory.com . we will not know what is the impact of the news, so it's better to sit side and wait until the market showing it trend.It is very usefull for u to learn some basic knowledge about forex for example japanese candlestick patern, trend line and some basic forex trend. try www.babypips.com to learn of themOther than that, u must able to learn. there is a lot of thing u have to learn to earn profit everyday. :-). I'll give u my IMRAN setup in my next post. I'll teach you until you can trade like a pro. At last, let make trend ur friend. :-)

Tuesday, June 3, 2008

This is the beginning of everything

Hai.. It's me again.. it was a year i haven't post anything into my blog. When i surf internet suddenly i remember that i have abandone my blog more than a year.. and yet this is my second post. I do well in my exam last times, thanks to my fellow and my family. I owe them so much.. and for this time being i just complete my degree of Electrical and Electronic Engineering. My graduation is coming soon in early of September. But still i dont have any encourage to find some job to get some money.What i mean is that i dont want to become other people slave and make money for them. I know that my families are againts me. first thing that they will said that it only wasting my time to get my degree.. yes i know. but in my mind i have long term plan to get rich. I want to be rich by myself. My girlfriend also blame me because i didnt find any job. but thanks god that she support my plan now.
For four years in university, i have meet a lot of friend. There i also meet friend that want to be rich in their life. They aims so high to become rich. We (me and them) have join a lot of programs to become rich. we have try multilevel marketing, HYIP, and many more. But in the end, i dont like the result. Sometimes we have been cheat by these program especially HYIP. There is no such thing to become rich without working anything. So at last we meet a program what i call FOREX. FOREX stand for foriegn exchange. It is not easy. I have working and learn about forex for 2 years before i play with real money. In this whole blog i will try to explain to you how to play forex. I know my English is suck but i try to make it simple. My target for 2 years, I will become a pro trader and my daily income can reach usd1k perday. is it interesting. so let have fun with forex and rock the market.. At last, to my family, i love u and im nothing without u all and for my girlfriend, u are my love and my good friend..

:-)