Forex Trading - Season 2
Monday, August 9, 2010
- Trade only for EUR/USD, GBP/USD, GBP/JPY and USD/JPY.
- Time frame: 30M.
- Determine entry on M1.
Trading idea for today: Short GBP/USD at 1.5965 and hold, based on M1 scale. Read more...
Unfortunately, GBP/USD keep their bullish trend on 4H time frame. I feel so bad about this movement, because I was expecting a bearish trend. Bullish trend is very strong, and I have no idea what make me keep expecting that this pair will move down. I'm losing too much, and I feels like there is no hope to recover from this problem. However, I will never let it go, since I have nothing to lose, and something to win. Never mind, I can just keep going ...
Maybe, I will spend the rest of this week to perform the postmortem. I should be doing good if I trade a long position. Hoping for the short when the trend is going up is a big mistake. This mistake can be avoided. Maybe, using a good technical indicator can save my trading account. Next week, I will install Forex Powerful Indicator (Kuasa Forex). For now, I have to keep the losing trades floating, hoping so much that profits will roll-in.
The other mistake that I've done this week is to trade against the trend, hoping so much that the trend will soon reverse. Making so many mistakes, and learn from it is a good practice. The good point is that, I don't trade any live account.
Panduan forex sebanyak 99 muka surat ini dijual pada harga
RM97. Menurut website produk tersebut, kekayaan terpantas
di dunia boleh dicapai dengan bermain forex. Potensi pendapatan
harian boleh mencecah RM10,000 dan ini merupakan jumlah yang
sangat besar. Pakej utama KuasaForex terdiri daripada panduan
utama berupa sebuah e-book dan beberapa fail kecil yang perlu
dipasang pada platform MetaTrader 4 bagi membolehkan
penunjuk kuasa forex berfungsi dengan baik.
Setelah siap dipasang, template Kuasa Forex boleh dilancarkan.
Beli jika indicator berwarna biru, dan jual jika indicator berwarna merah.
Mengikut sumber internet, penulis Kuasa Forex ini, Nasir Yacob telah
menciplak karya asal Isakas Kuskus. Itu tidak menjadi masalah
kerana saya telah mencuba teknik ini dengan menggunakan akaun
demo dan hasilnya memang menakjubkan.
Malangnya, versi percuma produk ini boleh didapati secara percuma
dari internet. Jika versi percuma wujud, maka sambutan untuk
versi yang mahal pasti akan jatuh. Harga asal produk ini ketika
mula-mula memasuki pasaran internet ialah RM150. Walau
bagaimanapun, penulis juga ada membuat ceramah atau kelas
tentang forex secara offline. Jadi, sama ada produk ini bagus
atau tidak, semuanya terpulang kepada individu tersebut.
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.