Kamis, 19 Mei 2016

Whats wrong with Chinese New Year - forex trading yogyakarta

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Whats wrong with Chinese New Year ~ forex trading yogyakarta




















Its that time of the year again where all things red fill our surroundings, Chinese new year songs with drums and gongs jam the radio stations and streets. You might be surprised
to hear this, but theres actually something wrong with Chinese New Year. No wonder every year people say the new year spirit is lower than the previous year.

Here are some of the things i noticed;

1) Its a different date every year!

We celebrate New Year on the 1st of January every year. Same for Christmas on 25th of December and National Day on the 9th of August every year.  But when it comes to Chinese New Year, it can range from early January to even March! How confusing is that? 

I understand it happens this way due to us Chinese following of the lunar calendar. But we are so used to following the January to December calendar format and that is the reason why we hear people asking without fail every year, "Hey when will Chinese New Year be next year huh? I need to plan my leave leh." 

In fact i need some time to generate the mood, man!

2) Ang baos are too overly rated

Elders and married couples are usually the ones giving ang baos (red packet) to the younger ones or unmarried relatives in the family line. The symbol of giving ang bao is to suppress ageing, give blessings and good luck for challenges faced in the coming year. 

However, we are now in the era where heaps of articles will come out publishing the appropriate amount to give. They can be based on age, closeness, and even how much you earn. Its almost like a yearly payment to the tax man. I am suppose to give more if i earn more and not according to my own wishes? No wonder no atmosphere lor. The giver wants to give less, the receiver wants more. 

Haha my wife handles all the angbao budgeting and giving but my savings plan is sure gonna get a beating..  

3) Eating and drinking

The feasting begins long before the actual Chinese New Year. From barbecue pork to pineapple tarts, mandarin orange to soft drinks and beers. All these are right in front of you whether you are at home or in the office. 

Then comes the reunion lunches, reunion dinners with relatives from your fathers side, your mothers side, your wifes father and mother side...the list goes on and every meal is a mega feasting. 

It probably doesnt end until 2 week after the CNY holidays. (We are supposed to celebrate CNY for 15 days, you know..) 

The good part about this though, is the gathering of friends and relatives but the bad part is the side effects that comes along with over eating like indigestion and most importantly, weight gain. 

But I guess the most determined of us cant resist the hammering of good food for so many days...




4) Ghost towns everywhere

The trains and buses become near empty, shopping centres become less lively and also less convenient as businesses close for these few days or even up to a week as Singapore is largely populated with Chinese and we usually take a few more days of leave after the official public holiday. 

Therefore every one else is having a feasting of their own. And if you are looking for a cab on the streets, good luck to you as they will be few and far between.

5) Questions from relatives and friends

It seems like our uncles and aunties are the most forgetful people in the world. Every year since young, without fail, there will be the exact same set of questions being asked. 

If you are schooling, they will ask you about your results. If you are working, they will ask you about your work, your pay, whether you have girlfriend or boyfriend, then comes the when are you getting married, when are you having your first child, then 2nd child... the list goes on. But i guess its all part of an effort to get to know each other more and should really be appreciated.

Above all, Chinese New Year is a time for reunion and also a joyous occasion to be celebrated. So let just relax and look on the bright side of every thing and spread the love! 

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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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Candle in channel - questrade forex trading hours

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Candle in channel ~ questrade forex trading hours


Candle in channe,l this system is incredibly easy, but trades don’t occur too often.
Using this system on the 4-hour and Daily charts is advised.
The system uses:
6ema (of price highs)
6ema (of price lows)
50ema (of price closes)
We BUY when price is ABOVE the 50ema, a candle forms INSIDE the

6ema-channel, and price breaks the HIGH of this small candle:
Candle in channel
We SELL when price is BELOW the 50ema, a candle forms INSIDE the
6ema-channel, and price breaks the LOW of this small candle:
Candle in channel
Candle in channel
Exit position
Daily time frame
Set the stop loss level 30 pips below/above the entry the price, or below/above the previous low/high. Move the stop to the entry price (breakeven) at 35 pips profit.
Exit the trade at a profit of 50 pips or more.
4h time frame
Set the stop loss level 25 pips below/above the entry the price, or below/above the previous low/high. Move the stop to the entry price (breakeven) at 20 pips profit.
Exit the trade at a profit of 30 pips or more.

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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

US OIL danseaza armonic - forex trading software automated

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US OIL danseaza armonic ~ forex trading software automated


US Oil (WTI) a jucat ieri cu eleganta intre unghiul 1x1 si 2x1. Dupa ce a realizat o minima pe graficul de 4H in zona lui 34.20, petrolul a intrat in raliu si a accelerat pe unghiul 1x1. Ritmul accelerat a fost insa de scurta durata. Dupa cum putem vedea in graficul de mai sus pretul a desenat un foarte frumos pattern armonic. Pe unghiul 1x2 pretul a realizat piciorul XA. Dupa ce a realizat topul A, pretul a realizat o miscare tip zig zag cu o prima escala de suport pe unghiul 1x1 si cea de a doua pe unghiul 2x1 unde a finalizat piciorul AB. Dupa realizarea minimei din punctul B pe unghiul 2x1 pretul a intrat in miscare ascendenta si a retestat, de aceasta data ca nivel de rezistenta, unghiul 1x1 unde a finalizat piciorul BC. In acest moment pretul se misca descendent si se apropie de primul target situat in zona unghiului 3x1 aflat in confluenta cu minima punctului B. Daca aceasta zona va fi strapunsa cel mai probabil, pretul va cauta zona de suport dinamic a unghiului 8x1 pentru finalizarea piciorului CD. Aceea este zona ideala pentru deschiderea unei pozitii long cu un risc redus si un bun potential de profit.

Înscrieri la Cursurile de Analiz? Gann ?i abonare la Buletinul de Analiz? S?pt?mânal? Gann pe email
gannmasterforex@gmail.com  si pe Patreon.com

Daca analizele noastre va plac distribuiti link-ul prietenilor dumneavoastra pe canalele de socializare. Doriti sa aflati mai multe despre analiza Gann, puneti intrebari in rubrica noastra de comantarii. Va vom raspunde pe blog sau in privat dupa cum doriti.  

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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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Scalping short Eur Usd - best forex trading platforms review

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Scalping short Eur Usd ~ best forex trading platforms review


Eur/Usd se g?se?te în trend descendent intermediar ?i minor dar, a?a cum spunem în analizele anterioare, evolueaz? într-un pattern tip reversal. Cu toate acestea, a?a cum ?tim, întotdeauna trebuie s? tranzac?ion?m ceea ce vedem nu ceea ce credem... În acest context, am decis s? ne începem s?pt?mâna de tranzac?ionare cu o pozi?ie short, tip scalping cu o prim? targetare pe zona minimei anterioare. Dac? aceast? zon? va fi str?puns? a?a cu se vede în graficul nostru de mai jos, avem o deschidere c?tre 1.05250.
Atât timp cât pre?ul se va p?stra sub 1.0650, zon? cu volume reduse, ne vom p?stra op?iunea pentru short. Pre?ul dup? cum se vede a atins zona de suport vizat? de noi drept prim target pentru scalping, marc?m par?ial profitul la +22 de pips ?i ducem sl la BE.

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