The Best Trading Strategy

Trading our own strategy is the best thing in forex. Jumping in to BabyPips.com website to find out the trade idea for this week end up with a blog named, Pick Of The Day. The trade idea is to short USD/JPY at 92.00 and take profits around 100+ pips. Unfortunately, the pair went up for more than 100 pips, which make this trade failed. The properties of this pair might been changed for the beginning of this year due to economic slowdown. So, I stay up with my favourite pairs, EUR/USD and GBP/USD.

For the beginning of this week, the trend for 30M time frame is very uncertain. However, by the end of the week, the medium trend at 30M is growing up. I'm losing too much trading USD/JPY for this week, luckly ... I'm playing with Demo. So, I can conclude that I must stick to my own trading strategy no matter what happen. My trading strategy is a combination of KuasaForex and 20MA technical indicator.

Read more...

Trade Idea

According to 30M time frame, EUR/USD is making their way down around 1900 +2GMT. So, I short the pair at 1.3185 while Stochastic oscillator at 1M time frame is clearly showing an overbought market. My plan is to take profits at 1.3083 which is the pivot level. A strict stop lost was placed at 1.3216 for this trade. Then, I go to sleep, and will surely check the result when I wake up tomorrow morning. I'm ready for both positive and negative outcome.

Read more...

Introduction to Stochastic Oscillator

Stochastic oscillator is a very good forex technical indicator. It is very useful to determine whether uptrend or downtrend is about to over. As I always did, I jump into the market to trade the trend when the trend is about to over. Now, that this indicator is taken into consideration, the risk of trading the useless trend is very minimal. With Forex Power Trading System paired with Stochastic oscillator, I feel more confident to trade forex.

Read more...

Introduction To Instaforex

Expecting GBP/USD pair to feed the bull after a long bearish trend on 5M time frame. Experimenting with Instaforex broker. Demo account with 25 points, duplicating the properties of InstaEurica account type to test the trade without any single technical indicator. It is very tricky to trade with this broker at first. No spread, but the commission for every trade make it very tricky to determine profits especially during scalping. As for Fxopen, Indicator balance hit 100 points while Scalp was staying easy above 3000 points. Live micro account gain +6 pips for GBP/USD long trade.

Read more...

MicroDemo Is Dead

Available balance for MicroDemo is no longer enough to make any trade. Every time I leave any trading position, the result always turn into negativity. Now that MicroDemo was no longer available, new account named Paqkayuh was created. Using only Zigzag indicator as the guide, trading always failed. Scalping using 5M timing, chances to win big is too small. However, I managed to catch some PIPs for my real Micro account using 0.1 trading lot from GBP/USD pair. Three short trades to win a few cents. Well, better than nothing.

Read more...