3 Day Trading (10-12 JUNE)

Only Small Profit Scalping
On GJ,GU & EU....

Alhamdulillah !! It just enough
For Me As Part Time Trader ..

3 Day Trading (10-12 JUNE)

Pictures Show How I Trade !!!

Scalping On GBP/JPY,EUR/USD & GBP/USD

This Week In Words ( 8 -12 JUNE)

Let's keep it simple...

GBP/JPY looks tired but still expect to hit 162 at least, this could go higher by 100 or so pips from there but @ some point a retrace is due, so keep that in mind. For now keep the SL tight and just go with the flow. If we retrace, i'm expecting 145/148 zone to be hit.

EUR/USD now set for a leg down...shorting the bounces for now until 1.3450 zone, then will re-evaluate position.

Im also targeting GOLD will do new low again...

All other pairs following the same theme...
keep the SL tight and take profit frequently!













Happy Weekend !!

Gold Trading - 13 Jun 2009

Im still seeing Gold Will Fall Soon...
All Post in short now....

EUR/USD H4 Forecast - 12 JUN 2009

H4 graph

Correction continues by forming the right shoulder of “head and shoulders”
trend-turning figure (denoted with blue lines). The shoulder’s upper bound
is passing through level 1.4160, which is found to be its peak, and hence
downtrend is starting to develop from there now. The target of downtrend
is set to support level 1.3550, but the pair should get under intermediate
support 1.3810 (neckline) before in order to execute the figure.
And then the pair gets lowering target at level 1.3550.
Perhaps this level won’t offer any support, in such case the pair
will get to support 1.3400.

Resistances are at level 1.4160 (once again) and at current level 1.4070.
In case of upwards motion, we can’t say that downtrend is changed
to uptrend until the pair rises above resistance level 1.4180,
if so, it will get to key resistance 1.4370–1.4430.

Gold Trading - 11 JUN 2009

Last night trading,

Im waiting to buy again when
price fall at low 942.10

My Target TP At 962.08
But Im close manually with 1800Pips

Thu, Jun 11 02:44 PM

India's gold buying remained slow on Thursday, with well-stocked traders unwilling to enter into fresh deals as the wedding season nears its end, dealers said.
Domestic prices edged higher tracking a weak rupee, that makes the dollar denominated asset expensive.
The most active August contract was 0.34 percent higher at 14,644 rupees per 10 grams at 2:10 p.m.
"It (gold buying) has slowed down a lot. Traders have enough stock to meet demand and even weddings are almost over," said a dealer with a private bank in Mumbai.
"There are stray enquiries, but no one is committing," said another dealer at a state-run bank.
The Indian rupee extended its fall in afternoon trade tracking losses of more than 1 percent in domestic stocks with lower Asian units also adding to the bearishness.
Dealers said there could be intermittent buying if prices fall by around 5 percent from current levels.
"Interest could come in at around 14,000 rupees" said the dealer at the state-run bank.

(For more news on Reuters Money click http://in.reuters.com/money)

Wednesday Trading - 10 JUN 2009

Last night, Im spend 1 hour scalping
on pair GJ,EU and GU

Syukran GOD For That Profit !!!!

Eur/Usd & Gbp/Usd H4 Forecast

H4 graph(EUR/USD)

The pair is going for a minor correction,
while forming the right shoulder of a "head and shoulders"
trend-turning figure. The peak point is supposed to be at level 1.4070
or at current level 1.4040. From one of those levels the pair is supposed
to go down to a level of intermediate support 1.3800,
and then to fall further below 1.3800, in such case the pair will get to support 1.3550.
That's why now is the most favorable time for selling the apir with the target set to 1.3550
If the market manages to drop below 1.3550,
then support 1.3350 is supposed to be reached. The daily graph picture also speaks in favor of lowering exactly to this level.

In case of upwards motion, we can't say that current downtrend
is changed to uptrend until the pair rises above level 1.4150.
If so, it will reach resistance 1.4400.

H4 graph(GBP/USD)

The pair went under very important support level 1.6060
Now the way is clear for descending to the target – support level 1.5630

Current resistances are at levels 1.6060, 1.6130,
and a key one is at 1.6250. If the pair rises above the level 1.6250,
it will be the evidence of changing the downtrend to uptrend,
and so level 1.6430 will become the first resistance on the pair’s way up.

But for the time being, everything speaks in favor of
the pair’s dropping to support level 1.5630.
So, at the moment we should expect this to happen.
There’s little chance of rising above the resistance 1.6130.

6 Secret You Must Know To Finding A Forex Broker

Getting a good Forex broker is quite critical to successfully trade in the foreign currencies markets. Not every Forex brokers are made the same. A good Forex broker should be able to serve you become more successful in your trading. Make sure you use a Great Forex Broker and make your Forex trading a profitable one.


Getting a good Forex broker is quite critical to successfully trade in the foreign currencies markets. Not every Forex brokers are made the same. Each one will have tools and functions different from the other.
You might find a broker that offers great resources and information to analyze and spot trends in currency trading but can come up short on the software platform side. So it is important to do Some research at the starting so that the relationship you nurture with your broker can be a lasting and paying one. To serve you along here are Many tips on getting a great broker:

1. Forex Broker- Account types - The total of capital you are willing to invest will dictate what type of account you will open with a brokerage. Typically, virtually brokerage firms will offer a "mini" and a "standard" account. As the term involves, a mini account can be opened for as little as $200. This is suitable for the beginner looking to gain experience in trading. However there are cases when trading options such as leveraging can be limited in a mini account. A standard account, on the other hand, offers more options over the mini account but the minimum deposit is also much greater (around $1,000.00).

2. Forex Broker-Platform - The platform is basically the program that you will use to get such information like live quotes, graphs and charts, your exposure, your profit and loss, the margin required, every your open positions with their current profit and loss status and further useful data. A good brokerage will very likely be using sophisticated technology in their platforms so be sure to find out if it is user-friendly at Every. every the buying and selling should be easily done in as little as one click. Many platforms also gives you access to daily analyses in Forex, news reports and Forex signals including support and resistance levels.

3. Forex Broker- Leverage - Leveraged financing is a feature common in Forex trading. It basically means you can use credit in order to maximize your returns. In simpler terms, what you do is you "borrow" your broker's funds temporarily to make larger trades and if all goes well, will produce larger profits. An opportunity So is created to control a $400,000 transaction for as little as a $1,000 actual investment. In this example, the leverage level is x400. An investor should be aware though that if the market turns sour, there is a risk of losing a substantial sum of money, depending on the amount of leverage taken. So it is a serious idea to learn more about leveraging before exposing your investment in the open market.

4. Forex Broker-Spread - Stock brokers make their money in commissioning, Forex brokers make theirs done the spread. A spread is the difference between buy and sell--the price at which a currency can be bought and the price at which they can be sold at any given time. To the investor, a smaller spread logically means that there is a higher profit potential. There are 2 types of spread--fixed and various. Fixed spreads remain the same throughout the day. various spreads change according to market conditions. A active market must react considerably in your favor before you can turn a profit. Spread also alters from account types. A mini account typically charges a higher spread than a standard account. A potential trader should So know the spread of Every broker before settling at a decision to sign up.

5. Forex Broker-Technical support - Obviously, support should be considered such as when the software becomes faulty or when questions arise regarding certain transactions. Quick acting support reflects positively on a broker and you can even try this by contacting them with pre-sale questions.



6. Forex Broker - Demo account - Before putting any weight on any of the items mentioned above, a beginner should always look for a broker that offers a demo or trial account. Not Every brokers offer demo accounts. A demo account will allow you to trade in "play" money so that any losses you incur do not count against your investment. Needless to say, you do not make any money either if you turn a profit in your demo account.

It is there only to get a beginner acclimated to the different Forex conditions. While this may be Many of the almost important points to consider when looking for a Forex broker, there are Many "little things" that may crop up while doing your search such as unique promotions or great offers. However there is enough data in the foregoing to provide you with a basis for judging whether Many offers are above board or not.

There is nothing to stop you from signing up with different brokers and to take advantage of whatever great offers they may have on the table. Exercising Many due diligence at the start will prevent a lot of heartache later on. A good Forex broker should be able to serve you become more successful in your trading. Make sure you use a Great Forex Broker and make your Forex trading a profitable one.

This is some of good forex broker that I use to trade.

1. Interbankfx - http://www.interbankfx.com
2. Oanda - http://www.oanda.com
3. Fxdd - http://www.fxdd.com
4. ECNPRO
5. IKOF(I Almost Like This Broker)
   

*IBFX & Oanda don't allow hedging trading.

Monday Trading - 08 JUN 2009

Im still trading on GOLD this week
Im seeing sell position on that time refer
on timeframe M1,M5,M15,H1 and H4

Im close manually when price at area 942
Allhamdulillah Got 1952 Pips..

Gold Forecast - 09 JUN 2009

H4 Graph
Gold dropped below level 945 . That cleared the way for further dropping to support level 903. Resistance is currently at level 954. In case of upwards motion, we can’t say that current downtrend is changed to uptrend until gold rises above level 977, and if so, gold will reach key resistance 997 ( trend line). The interval between levels 955 and 977 is a neutral zone. While staying in that zone, either direction of further motion can’t be guaranteed.
For now, we keep waiting until support 903 is reached.