Friday Trading 05 JUN 2009

On friday night, i do not trading so much..
I have so many post floting on GOLD.. :)
Because before this, I have post gold forecast on H4 graph
Where wee look at H4 graph, gold eventually formed
a "Double Top" and THV Trix indicator on daily timeframe
aslo show gold will change direction to downtrend..

My Sell post at price
1.972.40 TP962.42
2.972.38 TP962.42
3.973.20 TP967.91
4.974.47 TP967.91
5.975.37 TP967.91
6.976.80 TP967.91
7.978.40 TP967.91
8.980.90 TP967.91
9.980.45 TP967.91
10.981.75 - Im still holding my sell post TP940.48

Syukran All My TP was Hit
Total Pips 8416

My Trading On 04 JUN 2009

GOLD and GBP/JPY still my choice
when trading last night..
Im seeing this pair will change direction to
downtrend soon..Just my sense
but trade only on what you see not to what
you expect

Result Trading On GOLD
I'm close all my post at 2.5K pips

























Result Scalping On GBP/JPY

Gold Trading On 03 JUN 2009

Last night, Im still trading on Gold
My new posting at price 980.05 and TP at 969.78
Thanks God that post hit my TP
Total 1027 Pips....Syukran !!!!

Gold Forecast

H4 Graph
If we look at H4 graph, gold eventually formed a "Double Top".
Now the target lowering is set to level 951 .
"Double Top" figure always develops a very strong impulse.
In addition, there is a very heavy resistance at level 970.
So, we're waiting for gold to bet a level 951.
Good Luck !!!

2 Hours Trading - 02 JUN 2009

Last night, Im spend only 2 hours time for trading
Alhamdulillah with 2 hours, trading on pair gold..
I be the winner with 1350 pips...
that enough for me as part time trader....

Trade What You See Not What You Expect

Trade what you see and NOT what you expect is my first thought
before entering a trade.This mentality has helped me trade the market
for what it is. We don't know where it's going, only where it's been.

I trade with scalping only the GBP/JPY and sometime GOLD, I don't need to worry about the other currency pairs. I don't worry about the fundamental side of trading, trading itself is emotional enough. I agree with trading with the trend but I will go against it if the setup is right. Entry is key and that's what I look for. One doesn't have to be in a trade all the time to make money, you only need to be in a trade at the right time. Many traders see it moving and jump in the direction it's moving and next thing they know, their down. I'm not afraid to walk away and wait for another setup if I've missed the boat. There is always another opportunity. Patience is key in this industry. If you don't have any, GET IT.

Okay, I guess that's that. Welcome to the DollarsmagicFX Blogspot,
Enjoy your stay and good luck!!!

Last Night Trading - 01 JUN 2009

Im trading using THV 1M-4H on pair GOLD last night.
Im Seeing 4H THV give hints to me to open sell position on GOLD.














Im still used rules of THV, where i open position
when timeframe 1m and 5m in same direction.
Using this startegy is at your own risk.
Hopes someone will benefit from it.







































Im close it at USD 88.20
Thanks God For That Profit !!
Alhamdulillah..

My Trading On Friday 29 May 2009

My best pair for scalping is GBP/JPY
to scalping GBP/JPY, i always used timeframes 1-15 minutes
Concentration very important when scalping

Profit Scalping With THV

Scalping with THV 1-15 Minutes TF, that realy needs all my concentration.
I would suggest to trigger the entry in smaller TF's and later keep running on your favorite TF.
These are the only rules, anything else depends on your basic knowledge on your FX and your feelings.

I suggest download it here
try it and if somebody have an idea how to improve that system, feel free to post your suggestion on the chat box.

Happy Green Pips !!!
I Ended May With USD643.20 On IKOF

My Indicator - THV

Here i posted my indicator picture THV For your information,THV is multi timeframe setup. You can jumping from TF 1 minutes to monthly to see the market trend with THV.
I trade with THV TF 1 minutes on pair GBP/JPY

My suggestion Before You Trade With Indicator THV,better you see the pattern of THV on all timeframe. It will help you know when,where and how to open the post when trading.

Timeframe Daily












Timeframe 5M












Timeframe 30M












Timeframe 1H












Timeframe 4H












Timeframe Weekly












Timeframe Monthly