Tampilkan postingan dengan label the. Tampilkan semua postingan
Tampilkan postingan dengan label the. Tampilkan semua postingan

Rabu, 25 Mei 2016

MACD Histogram Intraday Trading - forex trading peak hours

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MACD Histogram Intraday Trading ~ forex trading peak hours


MACD Histogram intraday trading is a trend following strategy.
Currency pairs: EUR/USD, GBP/USD, USD/JPY.
Sessions: London and New York.
Time Frame H1
MACD Setup: 12,26,9.
In this strategy we analyze the correspondence between the candles and bars of the MACD.
When an candle close we see the colour of the candle, the open, the low, the high and the histogram bar of the MACD (12,26,9).
Buy
Candle closes as a blue candle and the MACD Histogram bar is above zero level or crosses upward go buy and place a buy order one pip above the high of this candle.

Sell
Candle closes as a red candle and the MACD Histogram bar is below zero level or cross downward, go short and place a sell order one pip below the low of this candle.

Exit position at close of the entry candle
This method of trading is also applicable to higher time frames as H4, H8, H12, and daily.

4h time frame setting:
Currency pairs majors;
MACD Setting for H4 time frame is (8,17, 5);
Optional profit target 15-20 pips.

Daily time frame setting:
Currency pairs majors;
MACD Setting for H4 time frame is (8,17, 5);
Optional profit target 30-40 pips;
Below exmple of how to use this trading system.

MACD Histogram Intraday Trading
MACD Histogram Intraday Trading


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Forex Trading Strategy 111 - forex trading vs day trading

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Forex Trading Strategy 111 ~ forex trading vs day trading


Market Analysis of the 22nd of December 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1

Click on the Menu on "Market Analysis" for all the analysis.

EUR/USD: Still not in the wave 4 officially, new push of the price south and it is now below the fractal box reaching a new low. Downtrend
GBP/USD: Same as EUR/USD, no cross of the Ewaves zero line, however, we have a recent divergence. It is still a downtrend overall.
USD/JPY: After the last week divergence, we have a sleeping Alligator, we are maybe already in the "b" move of the wave 4 but that wave is still not official;
USD/CHF: The wave 4 is now official and we may are already in the wave 5 as the price is above the box and the lines of the Alligator are opening. Uptrend
AUD/USD: We still are in the wave 5 but we have reached TZ2 et this wave can become a new wave 3. Downtrend.
EUR/JPY: The Ewave is going back to the zero line and is about to cross it. The price is inside the Alligator lines so we have to be prudent;
USD/CAD: The wave 5 became a new wave 3. Uptrend.
NZD/USD: The wave 5 seems to be not completed, overall the chart is downtrend.
XAU/USD: We are in the wave 4, the Alligator is sleeping. We could see a wave "c" up or the start of the wave 5. Overall, it is a downtrend.

For orientation/direction of trades, click  "Signals" in the menu (from Monday 22nd 8:00 GMT+1)


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Selasa, 24 Mei 2016

Peko Money Tracker Cash Out 1 - forex trading with zigzag indicator

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Peko Money Tracker Cash Out 1 ~ forex trading with zigzag indicator


1st cash out! 

It is an app where you play little mini games in the form of roulette with other users to earn points. Bonus points are rewarded if they are within 3 miles from your location and also when they respond within 10 minutes from the time you Peko them.

After 2 short days and a couple of invites i finally managed to accumulate 100k points and be eligible for cashout! Ok, 30 cents was deducted but hey i still managed to get 
USD 9.70 transferred to my paypal account. 

What is important is that I have proven that this app is not a scam and it pays out real money to play!

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Jumat, 20 Mei 2016

5 Apps That Will Make Money For You - forex trading hours clock

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5 Apps That Will Make Money For You ~ forex trading hours clock


The smart phone in our hand can probably help us with a million ways and whether its the calendar for tracking or just the calculator for simple sums, we cant take our eyes off it. Can we? If thats the case, why not see if our smart phones can make us some money.

Here are some apps that i have tried and tested that actually got me some hard cold cash. Some are better than the others but it all depends on the effort you put it. :) Cash outs can be via paypal or in the form of gift cards and free app purchase.


Checkpoints - Pays you for downloading and trying out apps. A couple of friend invites will push you towards your first cash out. But beyond that, its gets more challenging as they limit the number of apps for you to download and unless you are staying in USA, you will also find some apps unavailable to you.

AppTrailers -  Pays you for watching short clips of advertisements, movie trailers or games. Similar to checkpoints, cash outs become more challenging after the first one as they also limit the number of clips available for viewing.

8share - Pays you for sharing of articles and advertisement on your own social platform like facebook and twitter. However, you will require to share with a lot of people for this to work and can be a long wait before your first cash out.

iPoll - Pays you for taking surveys market research tasks. You are required to fill up surveys sent to you via emails. Some patience is require for this one as the emails might not come as regularly as you wished but as little effort is required, so it not all too bad. Point to note is to look out for some hints on where the survey is heading. If for instance, you are doing a cigarette survey, one of the first few questions will probably ask if you are a smoker, whether or not you are a smoker, if you answer no for this one, then you will not be allowed to continue with the survey.

Peko - Pays you for playing a roulette styled game with a random online user. Requires some effort to reach cash out but unlike checkpoints or app trailers, you do not have to wait for apps or videos to be available to you. You can play this app at your own pace and the more you play the faster you are able to cash out.

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Reaching for the stars - forex trading zulu

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Reaching for the stars ~ forex trading zulu


Exciting to spot another new sprout coming from my terrarium. This is the third new shoot. 

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Kamis, 19 Mei 2016

Forex Trading Week 1 - trading forex yang paling bagus

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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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The Basic Forex Trading Strategy - forex trading platforms compared

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The Basic Forex Trading Strategy ~ forex trading platforms compared





The Basic Forex Trading Strategy

The basic Forex strategy that is used by many traders of all experience levels, is Trend Following. This strategy is widely followed because of its simplicity to identify and trade and many times, strong trends can bail you out of an imperfect set of buy and sell rules.
A popular trading express is “the trend is your friend.” This expression has stood the test of time because many traders find it to be a critical building block of a trading plan. Before we delve into the basics of Trend Following, it is important to first explain why trend trading is a popular strategy used by many new and experienced traders.
Do you have the perfect Forex trading strategy? I have not found it. To me, a perfect strategy is the one that wins all of the time and has minimal trade drawdown. I hate to burst your bubble but a 100% win ratio strategy does not exist.
Therefore, learning how to trade in an imperfect world is very important. Trend following is a simple way to cover up some strategy imperfections by identifying the strongest trends in the market.
For example, if the market is moving up in a strong trend, it isn’t as important what the strategy is used to time entries, you simply need to be buying. When you trade in the direction of the trend, the rest of your trading approach can fall right into place. This doesnt mean that all your trades will be winners. It does mean that you dont have to be exact in your entries and exits once you find a strong trend to trade.
Now how do you know when a trend starts and when it is going to end? this is the $64,000 question. Since this is a beginners guide I will not elaborate on the various techniques that traders use to identify trends as this is beyond the scope of this book. I will however touch on several techniques in later chapters but note that these will be just in an introduction level without going too much deeper.
Any trader either a newbie or a pro should develop his own style of trading. There are several trading styles that you can adopt. You will choose your style based on your  personality and financial capacities.
Many traders make the mistake of adopting a trading style that is unnatural for them. A trader may adopt one of the following two main trading styles: Day Trading and Intraweek trading. Lets discuss each of them;
Day Trading
Day trading on Forex means that one or few trades are conducted within one trading day. As a rule, the time intervals between the opening or the closing of trades may take from several minutes up to several hours.

Despite some difficulties of day-trading, this type of trading is very popular among the newcomers as well as among experienced traders. Day trading allows for the opportunity to make a profit in a short time with a small amount of funds.
In order to achieve favorable results in an intraday trading it is essential that you make the right forecast as to the price movement, as there are many external factors that cause high volatility in the currency market. So to make your day trading beneficial you have to track the market situation, collate facts and make conclusions about the price behavior of currencies, it is also important to be able to react fast so that you will find entry and exit points quickly at the opening or the closing of trades.
Combining knowledge of technical analysis (to be discussed in a later chapter) with patience and observance a trader has good chances to earn well with a relatively low risk.
There are several strategies of day trading. The most widespread among them is Scalping - a strategy that is offering a fast opening or closing of several day positions. The trader closes trades while making just a few profit pips on each trade while the earnings come from the accumulation of a large number of successfully completed short term trades.
Another popular day trading strategy is news trading. Traders, who choose news trading, monitor the market events permanently, analyze the currencies behavior in different cases. Usually news trading requires an insight learning of market development and a proper trade experience accumulation.
Day trading can be a source of a nice income through the readiness to devote most of your free time to trading.
Now here are the advantages and disadvantages of day trading.
Advantages:
* doesnt require large sums of money;
* Trader may stop trading at any time;
* Minimal risk.

Disadvantages:
* High emotional pressure;
* Lack of time during a trading session.
This style is suitable for traders with endurance and quick reactions.

Intraweek Trading
Intraweek trade has no such furious market movements as in intraday trade. It may seem that the market is motionless. But it is just at the first sight. Intraweek trading has the following characteristics:
* A trade can remain opened for ten days;
* All trades are counted on taking the most part of profit on market movement;
* As a rule, not more than 2 positions are opened during a week;
* Requirements for invested funds are usualy higher than for intraday trading;
* The work time is multi-hour charts.

Intraweek pros and cons:
Pros:
* Not too much pressure;
* High profitability;
* There is free time during a trading session.

Cons:
* larger volume of funds is required;
* Trader may be outside the market during a trend correction;
* Impossibility to stop trading at any moment;
* Necessity to hold opened position for 24 hours.
Probably, every trader can find additional styles, but the two that weve mentioned here are probably the most common.



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Rabu, 18 Mei 2016

Forex Trading Strategy 134 - forex trading with 200 dollars

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Forex Trading Strategy 134 ~ forex trading with 200 dollars


Market Analysis of the 27th of October 2014 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1
Click on the Menu on "Market Analysis" for all the analysis.

No big change compare to last week: The pairs had a first retrace but we have no sign of divergence between the price and the Ewave for most of them so it could be the "a" move of the a-b-c corrective wave 4 or we could get more trades in the direction of the main trend. Therefore the situation is not clear for H1-H4
 

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Selasa, 17 Mei 2016

The Straddle trade step by step - forex trading hours in ist

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The Straddle trade step by step ~ forex trading hours in ist


The straddle trade step by step
1. We identify a day in which a major news announcement is expected – –one which is likely to move a specific currency.
2. We identify the time of the expected news release.
3. We observe the market activity as the date and time approach.
(We are looking for indications that the market is anticipating a serious move.
This would be indicated by the prices moving within a tight range for at least
5 – – 6 hours prior to the expected news release.)
4. We take note of the upper and lower bands of the range and establish resistance and support price levels.
The Straddle trade step by step
5. We enter buy and sell orders 15 – – 20 is PIPs away, on either side of the resistance and support levels, thereby “ “ straddling” ” the market.
6. We enter stop loss orders for each of our opening orders to ensure proper equity management. Stop Loss orders should be no more than 5% of your equity on a trade, i.e. 25 PIPs.
The Straddle trade step by step
7. We wait for the news release to move the market to our order price.
Once the market trades at our price, our order will be filled.
8. We now have to cancel the opening and stop loss orders that are no longer relevant and monitorour active trade.
The Straddle trade step by step
9. We may now begin to move our stop loss order on the active trade in order to lock in profits (“ “ trail our stop” ”) – – though not too closely lest the market take us out on a t retracement wave.
10. When we reach our limit order, predetermined profit level or we notice the trend has broken, its time to take profits and close the trade. Remember to cancel the open stop loss order if it doesn’ ’t
automatically cancel.
The Straddle trade step by step
The Straddle trade step by step


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Sabtu, 14 Mei 2016

Prince William noshes on nachos and wings during U S trip - forex trading time zone indicator

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Prince William noshes on nachos and wings during U S trip ~ forex trading time zone indicator



Prince William noshes on nachos and wings during U.S. trip










Royal Nachos!

When you are of royal blood and a celebrity, even the food that you eat gets reported. Eh William! Tau sa pia you want?
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Jumat, 13 Mei 2016

5 Things I would not do if i win the 12 million TOTO - forex trading yields

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5 Things I would not do if i win the 12 million TOTO ~ forex trading yields












Inspired by my favourite blogger who blogged about 10 things he wouldnt do if he won the USD 900 million powerball draw on 19th January 2016 in US, i decided to do up a list of 5 things i would not do should i win Singapores yearly Chinese New Year grand TOTO draw. This year,
the amount up for grab is SGD 12 million! 

Here are 5 things i would NOT do if i win the TOTO!

  1. Not hire a fund or financial manager to manage my money for investments and savings. (I have never handled so much money and too many reports showing how people blow up their winnings within months.)
  2. Tell everyone and announce to the whole world. Its good to share the joy but i would also be inviting trouble if kidnappers come along or strangers making friends with me. In time to come, people might know but thats about it. If you know, you know. 
  3. Spend it on luxury cars or property. Maybe just a normal car for transport and pay up the mortgage plus some small gifts for parents, family and close friends.  
  4. Spend any money until after say 6 months or so. Impulsive buying is always wrong and waiting lets the hype die down on me. 
  5. Forget less fortunate people in the society. Deeply touched by what Mark Zuckerberg, founder of Facebook did upon delivery of his child. Giving away most of his facebook shares worth over USD 900 million to charity. Thats unbelievable!   
As i was thinking about all that money, i decided to look around the internet and see what are the most expensive or most common things that Singaporean do or buy with money on their hands.


What you could buy or do with S$12 million in Singapore!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
162,162 1 Day Trips to Universal Studios Singapore

@ S$74 per Adult
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
153,846 cycles on The Singapore Flyer

@ S$78 for family of 3 (2 adults 1 child)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
12 Ferraris with COE

@ S$900,000 each
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
800,000 sets of extra value meal with Hello Kitty
plush toy at McDonalds

@ S$15 each
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
12,257 nights at Marina Bay Sands Singapore
luxurious suite

@ S$979 per night (the most expensive one)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

UPDATE 18 Feb 2016 - Prize winnings have been increased to S$13.9 million! It could go higher depending on the total number of people buying. 
Source: Straitstimes
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Bollinger Bands Scalping - forex market hours gmt

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Bollinger Bands Scalping ~ forex market hours gmt


Bollinger Bands Scaping is a forex strategy with a good profitability around the 80%.
Time frame 15 min , 30 min.
Currency pairs: Majors (EUR/USD, AUD/USD, USD/CHF, GBP/USD, AUD/JPY, NZD/USD, USD/CAD).
Indicators:
Bollinger Bands (20:2);
Stochastic oscillator (5,3,3).

Buy

When price out under lower band line of Bollinger Bands wait that the price will come back in the band.
When the first candle close in Bollinger Bands if the stochastic oscillator crosess upward
open order buy with profit target 10 pips.

Bollinger Bands Scalping

Sell
When price out above upper band line of Bollinger Bands wait that the price will come back in the band.
When the first candle close in Bollinger Bands if the stochastic oscillator crosess downward
open order sell with profit target 10 pips.
Bollinger Bands Scalping
Bollinger Bands Scaping
Initial stop loss 15-20 pips.




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Rabu, 11 Mei 2016

Trading on the Break the Bull Ride news trading - forex market hours new zealand

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Trading on the Break the Bull Ride news trading ~ forex market hours new zealand


In this version of the news trade, the idea is to get into the trade as soon as the data release breaks. The trader needs to have the ticket ready to go and jump in. The risk here is of a whipsaw, where the price reverses.
This risk is not as high as people think because when the news breaks, there is maximum energy and the market will respond. The risk of no surprise does occur and that results in a small move, causing the risk of smaller losses than a whipsaw because essentially the price doesn’t move beyond a previous range and there is little room for profits. But if you’re on the bull or bear trade and it is a big move, you have the same challenge ofwhen to get out. The advantage is that you are not immediately wrong.
Trading on the Break (the Bull Ride news trading)
Trading on the Break (the Bull Ride news trading)

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Minggu, 08 Mei 2016

Forex Trading Strategy 96 - forex trading updates

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Forex Trading Strategy 96 ~ forex trading updates


Review of the week 26 - 30 January on 9 pairs H1

A good week with few good trades on USD/CHF and USD/CAD for a total of +6.5% Profit



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Sabtu, 07 Mei 2016

Forex Trading Strategy 136 - forex trading walkthrough

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Forex Trading Strategy 136 ~ forex trading walkthrough


Trade of the week: Nice +5% Profit (+135 pips) trade on GBP/USD H1 on 14th October 2014
For more details, click "Examples of Trade" in the menu

Its downtrend on H4 and we expect the wave 5, we take the break on H1 but below the H4 fractal box. The price drops and is booted by the news. We exit when the price breaks the opposite level of the fractal box.



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Forex Trading Strategy 130 - forex trading without stop loss

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Forex Trading Strategy 130 ~ forex trading without stop loss


Review of the week 27 -31 October on 9 pairs H1

A lovely week: +13.5% profit  due to a massive trade on XAU/USD: Thanks Gold!




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Jumat, 06 Mei 2016

The Little B Money Tracker - forex trading hours app

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The Little B Money Tracker ~ forex trading hours app






Having a baby is probably one of the most amazing thing that can happen to parents but can also be financially draining at the same time. And yes! The announcement of the coming of our Little B can finally be made as it is now more than 3 months since conception! (It is considered bad luck to announce within the first trimester.)

Therefore i am taking this step to track how much it would actually cost to be a parent these days.
(This list does not include gifts and presents which we received, would be receiving or pass downs from colleagues, friends, relatives and family. I cant put a price tag on all such gifts as they are all a token of love. Therefore a heartfelt thanks to all of you.) 

Special thanks to;
Evon my sister for providing us the baby cot, play pan, baby mattress, milk bottles and other accessories.
Janet, Yan yan and Meixin for providing us tons and tons of pre-loved baby clothes.
Rykiel for providing us some maternity wear. 

Money spent on Little B since conception;

$16.00         Feb 2014  Pregnancy tests at polyclinic                
$85.00         Feb 2014  Baby scan at NUH                     
$6.00           Mar 2014  First piece of clothing for baby                        
$244.00       Mar 2014  Baby scan (10 weeks)                         
$31.00         Mar 2014  Milk powder                               
$25.00         Apr 2014  Bio Oil (stretch mark prevention)        
$9.00           Apr 2014  Bra strap extenders                              
$177.00       Apr 2014  Baby Scan / blood tests(15 weeks)    
$900.00       Apr 2014  Delivery package (12 gynae visits)
$29.00         Apr 2014  Towels / Napkins / Bed sheets
$15.90         May 2014 Book of recipe for maternity month
$57.00         May 2014 Maternity pants x3
$9.00           May 2014 Top and shorts for Little B x3 (sale item leh)
$8.70           May 2014 Lactus - Constipation relief
$163.70       May 2014 Detailed Ultrasound Scan for baby body measurements
$74.00         May 2014 Medication / Supplements (Baby Checkup @ 18 weeks)
$25.00         May 2014 Bio Oil x2
$6.00           May 2014 Changing Mat
$9.50           May 2014 Cot Sheets 
$7.90           June 2014 Fan for stroller
$21.00         June 2014 Maternity Dress
$4.00           June 2014 Clip-ons for stroller
$21.40         June 2014 Iron-ons for baby bibs
$595.00       July 2014 prenatal insurance 
$1200.00     July 2014 savings plan insurance 1st year
$50.00         July 2014 good as new baby stroller (heavily discounted, U.P $300) - thanks Aliza 
$59.40         July 2014 Medela milk bottles x6 (price after trade in)
$10.00         July 2014 Nursing Bra
$74.00         July 2014 Medicine & Supplements (Baby Checkup @ 27 weeks) 
$90.00         Aug 2014 Tonic and Herbs
$55.00         Aug 2014 Medicine & Supplements (Baby Checkup @ 31 weeks) 
$24.00         Aug 2014 Maternity dress and Top
$199.25       Aug 2014 Accu Check Test Kit for Glucose Level
$120.00       Aug 2014 Maternity Photo Shoot
$75.80         Aug 2014 Wet wipes, shampoo, detergents
$10.00         Aug 2014 Liverpool Romper
$10.00         Aug 2014 Milk bottle stand for milk bottles
$15.00         Aug 2014 Breastmilk storage bags 
$8.00           Aug 2014 Spill free cup
$39.90         Aug 2014 Baby Carrier
$16.90         Sep 2014  Ginger Shampoo from Bodyshop
$2.30           Sep 2014  Container for Mittens and Booties
$50.00         Sep 2014  Infection Test (Baby Checkup @ 36 weeks) 
$18.00         Sep 2014  Sauces and Herbs for Confinement meals 
$6.60           Sep 2014  Mittens and Booties 2 sets
$150.00       Sep 2014  Chinese Name from Visiber
$15.00         Sep 2014  CTG scan (Baby Checkup @ 37 weeks) 
$12.95         Sep 2014  Chicken Essence
$9.00           Sep 2014  Coconut (Every friday for 6 weeks) 
$5.90           Sep 2014  Pureen Baby Shampoo 

TOTAL COST : $4,867.10
($8011.66 including delivery and hospitalization charges)

And Finally!!!! In the early hours of 30 September 2014. Chloe was born!!!
After months and months of eager anticipation and preparation, we finally got down to this very day!!! What an amazing journey it has been!!! The road ahead is definitely going to be more challenging in monetary terms but definitely one that will be filled with much love, joy and happiness and of course...sleepless nights. 

I will try to keep this money tracker list going on for as long as possible. But for now lets start with some real world costs; 

Real World Costs 

$4.50               Oct 2014  fever patch
$4.00               Oct 2014  nose cleaner
$120.00           Oct 2014  First checkup with Gynae after giving birth
$20.00             Oct 2014  pillow set with 2 bolsters
$10.00             Oct 2014  swaddle
$15.00             Oct 2014  romper pack of 5
$7.00               Oct 2014  syringe for milk
$18.00             Oct 2014  polyclinic for jaundice checkup 
$42.00             Oct 2014  Birth certificate registration at Mount Alvernia
$5.65               Oct 2014  Petpet newborn diapers
$3144.56         Oct 2014  Baby delivery plus hospital costs ($2100 deduct from medisave)

In Robert Kiyosakis book, Rich Dad Poor Dad. Poor Dad says "The reason i am not rich is because i have your kids." Rich Dad says, "The reason i must be rich is because i have you kids." My goal is to be in line with Rich Dads philosophy, and in order to achieve that, i am working on my aggressive savings plan along with investments in the financial markets.  

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Trade the Break - forex market hours on sunday

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Trade the Break ~ forex market hours on sunday


In trade the break, we see exactly where to place our entries and exits for both short and long positions.For this strategy, the trick is not so much in the entry price but in the stop loss. Many retail traders have no problem identifying areas of entry since the directional bias is to follow the momentum. However, the correct placement of the stop loss is what separates winners from losers.
Time Frame
Trade The BreakTrade the break works with the 15-minute (M15) or 30-minute (M30) candle.
This means that each candle on the chart represents 15 minutes or 30 minutes of price movement.
Indicators
No indicators are used for this strategy.

Currency pairs: majors: EUR/USD, GBP/USD, USD/JPY, USD/CHF,USD/CAD, AUD/USD.
Rules
Trade the break is all about momentum. A big clue is seen when prices close above resistance or below support. This clue tells us that momentum is building strongly on one side. When prices close above resistance, that candle is called the breakout candle. A long trade is then taken at the opening
price of the next candle. The stop loss is placed below the midpoint of the prior range because we do not expect prices to fall back below that point.
When prices close below support, that candle is also called the breakout candle. A short trade is then taken at the opening price of the next candle.
The stop loss is placed above the midpoint of the prior range because we do not expect prices to rise above that point.
Long Trade Setup
We use the AUD/USD on M15 time frame to illustrate long trades. Here are the steps to execute the trade the break strategy for long:
1. Use at least two lows and two highs to identify the support and resistance levels.
2. Identify a candle that closes above the resistance. This is the breakout candle.
3. Enter long at the opening of the next candle.
4. Set the stop loss at the 60% mark of the range (distance between the support and resistance) below the resistance. In this example, the dis- tance between the support and resistance is 41 pips; the stop loss is set at 25 pips below the resistance.
Trade the BreakSet two profit targets for this trade. The targets are set at a risk to reward ratio of 1:1 and 1:2 respectively. Since the stop loss is 44 pips (distance between the EP and the SL), the first profit target will be 44 pips, and the second profit target will be 88 pips. (se picture)
Short Trade Setup
We use the AUD/USD on M15 time frame for illustrating short trades. Here are the steps to execute the trade the break strategy for short:
1. Use at least two lows and two highs to identify the support and resis-tance levels. 
2. Identify a candle that closes below the support. This is the breakout candle.
3. Enter short at the opening of the next candle.
Trade the Break
Trade the Break
4. Set the stop loss at the 60% mark of the range (distance between the support and resistance) above the support. In this example, the distance between the support and resistance is 42 pips; the stop loss is set at 26 pips above the support.

5. We set two profit targets for this trade. The targets are set at a risk to reward ratio of 1:1 and 1:2 respectively. Since the stop loss is 31 pips (distance between EP and SL), the fi rst profi t target is 31 pips, and the second profi t target is 62 pips. (See picture .)



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Kamis, 05 Mei 2016

The High Low Breakout - forex market hours mt4 indicator

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The High Low Breakout ~ forex market hours mt4 indicator


The High/Low Breakout is a forex strategy intraday based on the break of the previous day high or low.
Time Frame H1
Currency pairs: majors.
Indicator:
ADX 14 period with 35 level.

Trading Rules The High/Low Breakout
Buy
1. Find a currency pair with ADX is less than 35 but above 25.
2. Wait for the price to break below the previous day’s low by at least
15 pips.
3. Place an pending order price to buy 10 pips above the previous day’s high.
4. After that order fill, place your initial stop no more than 25 pips below the entry point.
5. Profi target 30-40 pips or exit postition at end of the day.

Sell
1. Find a currency pair whose 14-period ADX is less than 35 but above 25.
2. Wait for the price to break above the previous day’s low by at least
15 pips.
3. Place an pending order to sell 10 pips below the previous day’s low.
4. After that order fill, place the initial stop no more than 25 pips above
the entry point.
5. Profi target 30-40 pips or exit postition at end of the day.

In the examples we have two trading on GBP/USD hourly charts, all conditions are agree.
ADX 14 is below 35 level at the previous day High/Low.
First Example
Previous day low 1,5835. We look for a break below the previous day low. - Pending order 1,5835 -10 pips= 1,5825. Place stop loss of 25 pips. Profit Target 30 pips.
The High/Low Breakout















Second Example
Previous day high 1,6096. We look for a break below the previous day low. - Pending order 1,6096+10 pips= 1,6106. Place stop loss of 25 pips. Profit Target 30 pips.
The High/Low Breakout
The High/Low Breakout

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Senin, 02 Mei 2016

Awesome with Bollinger Bands Scalping - forex trading hours in philippines

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Awesome with Bollinger Bands Scalping ~ forex trading hours in philippines


Awesome with Bollinger Bands scalping is a trend momentum intraday system very simple but effective. Trading hours are London and New Yor Sessions.
This trading system work only in volatile market.
1 step choose the currencies where trading
Open charts on four hours or daily and identify two or three currency pairs that are breakout. Apply the ADX on these currencies, the value ADX must have a value greater than 25.
After go on 5 min chart or 1 min chart for trading.













Setup for intraday trading
5 min time frame or 1 min
Currency pairs with low spread (recommended ECN markets).

Indicators:
Bollinger Bands (20, 2),
Awesome,
Exponential Moving Average 3 period, close.

Trading Rules

Buy
EMA 3 period crosses upward the middle band of the BB and Awesome oscillator be approaching or crossing its zero level, upward .

Sell
EMA 3 period crosses downward the middle band of the BB and Awesome oscillator be approaching or crossing its zero level, downward.

Exit position:
1, When Awesome Oscillator turns a different color or with predetermined small profit target;
2. Initial stop loss below/above the upper/lower band.

Awesome with Bollinger Bands Scalping


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