Harami Opportunity last week.

Hi everybody,
lets see, how many opportunity comes to us last week.
It's up to us to catch it (or miss it - due to our commitments to other things)
Happy trading to all....

Market Study.

Ok guys,
lets recap / study back last week price action....
Lets see how many signal we can capture from this single price action.
(HARAMI)

GY - 6 Harami in 1 week period

GU - 7 Harami in 1 week period

EY- 8 Harami in 1 week period

Instead waiting at daily time frame (as what i'm doing right now), we can wait & take the opportunity at 4hr time frame.

What you need to know are:
1. Where is the SnR
2. How to take advantage on Price Action & know where is your entry/exit point....
3. Know your own target of pips / RM.

Till then, Happy trading to everybody....

Next week Trading - 16-21 August 2010

Hi everybody,

ok here is the trading plan for next week....

Trading strategy - Price Action Playground - Please find the Harami pattern.

Money Management - Risk 3-5% of your trading balance only.

Wait for the pattern to come to you. Watch at most every 4 hr interval.

Happy Trading to all.

G/U - daily chart shows Harami Pattern (opportunity is coming)!

TAYOR....

Selling Pressure??

Look at the chart...

GY EY GU & Gold

Inside Bar (HARAMI) in play at Gold,GY & GU

Happy trading to all.

Fx Trading - this week

Hi everybody,

lets look at the chart (daily) & (weekly) to determine our trade direction for this week

1. If Price above Moving Average - BUY bias only. vice versa if Price below Moving Average (Sell only)

2. Position of price referring to Weekly Pivot point - below(sell), upper side (buy)

3. Determine your entry - use candlestick formation with confirmation on item 1 & 2.

4. Be patient. Let the opportunity comes to you.

Happy trading to all.

Making Fortune in Fx?

I like this articel posted in www.fxextract.com
Well said, well written - but in reality, trust me..hard to apply;but not impossible. Discipline needed. Enjoy your reading

This is all about making a fortune with Forex. Most traders just go with the flow and make average gains, with this article you will learn what makes some traders stand out and a lot richer than others!

We are going to assume that you know how to trade, and has quite an experience in trading.With simple changes in your trade selection, money and risk management, and mindset, you can change that average gains into larger ones!

Fast money is in Forex, it is a lifestyle. here is it how its done.

Tip 1.
Embrace Changeability and Risk With a Smile Forex systems have instability.
If you cannot manage and calculate your risk, then don't ever think about trading in Forex. Many traders back away from forex because of this ( why do you even traded in the first place?). But taking manageable risks has its rewards.
It's just simple, you know what your losing if ever it doesn't work out, yet what you gain is unpredictable but sure is high! That is what I call excitement, my friend.To a well-educated Forex trader, this is something you shouldn't be afraid of, might as well embrace it.

Tip 2. Trade Less, gain more
Most traders think that if they don't trade, another door has closed, or miss some move. The tendency, they trade frequently. Most of the trades that come big come a few times in a year. Focus on the trades that make the really big gains. Be alert, and informed.

Tip 3. Diversify is a no-no
Most Investors accept the fact that diversification can make money fast - in reality it does exactly the opposite.


Tip 4. Money and Risk Management
This article has been concentrating on the Big gains, because this is your money, so every penny should be controlled, this is where money management kicks in.Control your risks, but increase your chances of success:
- Give yourself staying power by buying options at or in the money, this prevents you from getting stopped out. Many traders lose not by the market direction, but because they were stopped out by a instable move, and options will give you staying power.
- Keep your stop in its original position - until the move is well in profit, before moving it up.
- Trading fast and selectively - have the courage to trade when you feel it is good. and enjoy the cash.

Tip 5. Compound growth has its benefits
The way to make money fast in forex, is to understand the power of compound growth. For example, if you target 50% a year in your trading, you can grow an initial $20,000 account, to over a million dollars, in under 10 years.

Break the norm, and gain more. Follow some of these tips and make your way into the big gains!