Forex Trading Week 1 - trading forex yang paling bagus

Forex Trading Week 1 ~ trading forex yang paling bagus

Ok here wraps up my forex trading week 1. I should say i am getting the hang of it and consider to have done alright i guess. Started first day initially at 0.01 per pip, i have started to add 0.10 per pip during mid week. Have learnt to always set my TP and SL. The 2 open trades are a stark reminder of what happens when the trade goes completely against my direction and i did not SL. Still holding on to those trades since day one...

Best trade of the week was my spotting of gbp/aud trade where i spotted correctly with the trend and TP at 46 pips. Made a loss with eur/chf of 22 pips, this was an auto SL and was glad i learnt my lesson during first few days of trading as this went the other direction. Otherwise i would be looking a massive loss.

Overall, it was a good week and an exciting one. Next week will be increasing my stakes. Wish me luck and foresight and wisdom... Cheers!

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Bearish Engulfing Pattern - forex trading hours in gmt

Bearish Engulfing Pattern ~ forex trading hours in gmt

Bearish Engulfing pattern criteria
1. Located at the top of an uptrend, even if the uptrend has been short.
2. The body of the first blue candle is completely engulfed by the body of the second red candle.
Shadows are not a consideration.
3. When the engulfing pattern occurs after a fast move up there will be less stock to slow down the
reversal move.
4. When the engulfing body engulfs more than one previous candle body there is more power in the
reversal.
5. If the engulfing body engulfs the body and the shadow of the previous candle there is more power in the reversal.

Bearish Engulfing pattern

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1 minute trend momentum scalping strategy - forex trading hours gmt

1 minute trend momentum scalping strategy ~ forex trading hours gmt

1 minute trend momentum scalping strategy is a classic trading system for the trade on the forex market.

Time frame 1 min or 5 min.

Currency pairs (majors)

Trading session (London and New York) do not trades before economic news.
Setup chart with trading indicators:
1. 10 Exponentiation Moving average(EMA) (close) with Green colour
2. Bollinber bands with 20 Deviation 2 period,
3. ParabolicSAR step 0.019 and Max 0.08
4. MACD (12, 26, 9) with default settings
5. Relative strength index(RSI 14 period close with level 50)

Set up the chart and only try to trade the first three hours of any trading session. try it only to EURUSD pair as this strategy will work in better way .

Go Long
1.10 EMA crosses above middle of Bollinger Bands.
2. MACD > 0 zero line.
3. RSI is above> 50 level.
4. Use Parabolic SAR as only visual trend direction aid.(optional).

Go Short

1. 10 EMA crosses above middle of BB.

2. MACD is < 0 zero line.
3. RSI is below <50 level.
4. Use Parabolic SAR as only visual trend direction aid.(optional).
Initial Stop loss 15 pips. Profit target 6-9 pips. After 5 pips in gain move stop loss at breakeven.

        1 minute trend momentum scalping strategy

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Why you need a budget - forex trader yang berjaya di malaysia

Why you need a budget ~ forex trader yang berjaya di malaysia

2 weeks have passed since the beginning of 2016. I was looking at my ducky challenge and a small sense of satisfaction came to me when i saw that this challenge was right on track. My wife and i have been putting our initials to the chart everyday when we drop a dollar into ducky.


I then started a casual conversation with my wife about my grand plans of saving and budgeting -
“Hey, did you realise how much we spent just this one afternoon? We should be keeping track of all our expenses so that we......”

“Track everything for what? Whats the point of making our life so difficult? Wanna buy everything also must think so much!”

I guess i should just stick to our ducky challenge for now.

Budgeting is Spending!

That night, i pondered upon this conversation for a while and was thinking, yes indeed, why spending must think so much? Can buy just buy right? I thought i am a happy go lucky person?

But then again, i realise this one point. Yes, we should not be thinking so much about everything in life. YOLO yah (you only live once). And thats the reason why we should budget first before spending. Budgeting is spending freely on the object of your desire without feeling regretful afterwards. Thats what my 6 jars to financial freedom is all about! After all, i do in fact have a play jar where i should empty it every month. 

With Chinese New Year just around the corner, it is absolutely crucial to have a budget to avoid overspending. Wish me luck on this though...its gonna be tough!

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365 Days Money Savings Plan - trading forex yang halal

365 Days Money Savings Plan ~ trading forex yang halal

365 Days Money Savings Plan (Ducky Challenge)

It wasnt easy bringing up the subject of money to my wife, and for years, we have had many a heated argument or 2 about money. Thankfully, this year we came to an agreement of putting a dollar a day into our ducky bank set up for Chloe.

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Smartfx strategy - forex trading hours friday

Smartfx strategy ~ forex trading hours friday

Simple yet profitable strategy Smartfx strategy.

Trend-Momentum strategy.

Time frame only30 min time frame.

Currency pairs: majors (EUR/USD, USD/CHF, AUD/USD, AUD/NZD, NZD/USD, GBP/USD, GBP/JPY, USD/CAD, USD/JPY,)

Indicator:( Relative Strength Index 21 period, close).

Smatfx trading Rules
Long Entry

Buy when the RSI crosses above and candle closed and stop loss below the cross over candle

Short Entry
Sell when the RSI crosses below and the candle closed and stop loss above the cross over candle.

Close position: discertionary
Disadvantage: This strategy works best in trending in ranging markets lot of false signals.

Advantage: very simple.

Smartfx Strategy

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Free drink from mcd app - forex trader yahoo answers

Free drink from mcd app ~ forex trader yahoo answers

It actually cost $3.20 for this drink.  But thanks to the Mcd app i got it for free!

The saving goes directly to my Everything Savings account.

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