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WELCOME TO MY FOREX TRADING JOURNAL

Attention!!  E-GOLD is no longer supported by LITEFOREX. Please use other e-currency to make deposit or withdrawal.

Nuryadi dengan egold 895617

Harap hubungi saya di aldhy @ indo.net.id mengenai nomer account Liteforex Anda, mengingat ada database corrupt di sistem kami. Terima kasih atas perhatiannya.



"Fundamental is a must and technical will made everything much better" - Me, Aldhy

"Trader is a speculator looking for an opportunity to capitalize on the mispricing of securities. If you can’t do that, than you are only a gambler in a negative expectancy game of chance." ~DarkStar, ForexFactory.

FOREX very  interest me. A challenge to combine technical and fundamental analisys,  to get the best trading decision, make me exited every day.

Check some of my trading system that I created on left menu.
Happy Trading

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Journal Harian
June 2008 - Monthly pick by Felix Homogratus

Hi there

This is Felix writing. I wanted to share with you my outlook for the month of June, 2008.

I just recently sent in an order to my bank to go short on GBP/CHF. In my opinion, considering the current circumstances, the strongest currency out of the 8 majors is Swiss Frank, and the weakest is Great British Pound.

I actually initially called a short on GBP/CHF back in December of 2007. During that time, everybody was being crazy about shorting GBP/ JPY, which was definitely a good thing, but I remember talking over the telephone with my partner Sir Pipsalot, who is running the ForexDiamonds.com service, and I told him that I think a short on GBP/ CHF is even better than a short on GBP/JPY.

Well, to make the long story short, in 2008, on global scale, Swiss Frank gained 7.19%, and Great British Pound lost -3.07%. In comparison to Swiss Frank, the Yen only gained 0.48%.

Yep, it seems like everybody was talking about the strong Euro and strong Aussie in 2008, but in reality, Swiss Frank outperformed them both. Here are the detailed statistics on all 8 currencies:

CHF: +7.19%
AUD: +5.72%
EUR: +4.08%
JPY: +0.48%
USD: -2.32%
GBP: -3.07%
CAD: -5.18%
NZD: -5.19%

Looking at these statistics, you may be wondering how in the world I came up with these numbers? Well, the way I came up with them is I compared each currency against the 7 other currencies, then I derived an average from that. This way, we can not only know how a currency performed against one other currency, but we can know the average against all the other 7 majors.

I actually requested a programmer to build me a calculator to do that. This way I could see in one snapshot the overall picture for today or yesterday, or for last week, or last month, or any custom date. And we are actually going to offer this calculator as free tool for our ForexPeaceArmy community. Wait for an announcement on that sometime this month. I believe this tool would improve your trading.

Anyway, sorry about that, it seems like I got a bit carried away here. Let's go back to our GBP/CHF short.

Here is the situation. The UK economy has been put in a tough situation. Their inflation is going up, while their overall economy is slowing down. So there has been a lot of uncertainty about the UK interest rate which is at 5.00%, which is still very high, comparing to the rest of the world.

So what has happened, is in the month of June, GBP has actually gained value, because there were speculations of further rate hikes. You may be surprised to hear that, because it seems like GBP/USD is going down. The reason it's going down is that US dollar has gained even more value than GBP. But if you compare GBP against all the other 7 majors, and derive an average, it's actually gained around 1.06%, just in 10 days, which is a lot.

So to make the long story short, the market is currently pricing in rate hikes from the UK, which are highly unlikely, so if there is a cut in the next 3 months, it would be a big surprise, and the pound will lose a lot of value.

On the other hand, the Swiss government seems to be very happy about their interest rate of 2.75%, and the market is still pricing a possible cut by the end of the year. Regardless of it, the CHF has gained 1% in May, and already gained 1.86% in June comparing to the average of the other 7 majors.

So we are definitely seeing a solid trend of falling pound, and solid trend of rising Swiss Frank. Please note that the pound is falling, despite their high interest rate, and if they cut, it would only aggravate the fall. On the other hand, the Swiss Frank is rising, despite the fact that there are talks about possibility of rate cut by the end of the year. So if they decide to stay on hold, or even hike, it would only put fuel into already rising frank.

I hope I am making sense here, and of course once that calculator is posted, you will be able to have a very invaluable tool to your trading.

That's all I have to say for this month. Next month, July, one of my friends who is managing a fund of several hundred million promised to write up his take on the forex market I personally look forward to that analysis.

What do you think about what I said about Pound and Frank? I'd love to hear your feedback and your 10 cents on the issue.

Thanks
-Felix

Source:

http://www.forexpeacearmy.com/

 




Daily Trigger
Forex News Trading Signal / Trigger - 1 July 08

Hi there my Forex friend

Preview/Review on YouTube:


YouTube - Forex News Day Trading Signal - 07/01/08
2You need to upgrade your Flash Player2

Hi-Quality Preview/Review:
7-1-2008R-P.swf

Long-term Outlook:
7-1-2008LTflwup.swf

Let's first review what happened earlier today.

Canadian GDP came out too close to expectations so it was a no trade. The market almost did not react.

Chicago PMI came out very close to expectations too.

Let's talk about Tuesday then.

1. Tuesday, July 1st, 2008 (12:30 a.m. New York Time) AUSTRALIA

At 12:30 a.m. we will have Australian Interest Rate statement. It is expected they will hold the rates at 7.25% but there is a little chance we will get a surprise here. If they hike the rates t 7.50%, it would be a buy signal on AUD/USD, good for 75 to 100 pips or so. If they cut the rates, I would sell AUD/USD and look for the same targets.

2a. Tuesday, July 1st, 2008 (2:00 a.m. New York Time) UK

At 2:00 a.m. we will have U.K. Nationwide House Prices m/m. It is expected to come out at -1 and I would use 0.5 trigger here. Two months ago it deviated by -0.6 and we saw good 35 pips move down (and eventually 55 pips) on GBP/USD but the other month we had -2.0 trigger and GBP/USD by 25 pips or so. This might be a good scalping opportunity. If it comes out at -1.5% or lower (more negative), I would sell GBP/USD and look for 30 pips price action. If it comes out at -0.5% or less negative (or positive), I would buy GBP/USD and look for 30 pips or so.

2b. Tuesday, July 1st, 2008 (2:00 a.m. New York Time) GERMANY, EURO ZONE

Also at 2:00 a.m. we will have German Retail Sales m/m. I would like to trade with with around 1.2 trigger. If it comes out at 2.0% or higher, you may buy EUR/USD and look for 30 pips move. If it comes out at -0.5% or lower, I would sell EUR/USD and look for 30 pips move as well. Last month with -2.3 deviation EUR/USD made 50 pips.

3. Tuesday, July 1st, 2008 (4:30 a.m. New York Time) UK

At 4:30 a.m. we will have UK Manufacturing PMI coming out. I would not trade it.

4. Tuesday, July 1st, 2008 (2:00 a.m. New York Time) USA

At 10:00 a.m. we will have U.S. Manufacturing Index coming out. It is expected to come out at 48.5, and I would use 1.2 trigger here. If it comes out at 49.7 or higher, I would buy USD/JPY; if it comes out at 47.5 or lower, I would sell USD/JPY, looking for 30 pips or more in the first 30 minutes. Usually this indicator moves USD/JPY very well but last month we had only 20 pips move.

5. Tuesday, July 1st, 2008 (9:30 p.m. New York Time) AUSTRALIA

At 9:30 p.m. we will have Australian Retail Sales coming out. This might not be a killer trade because of the interest rate statement we would have nearly a day earlier but it might be worthy to give a try. It is expected to come out at 0.1%. If it comes out at 0.4% or higher, I would buy AUD/USD and look for 30 to 40 pips move. If it comes out at -0.2% or more negative, I would sell AUD/USD and look for 30 to 40 pips move as well.

I also encourage you to watch a special video where Sir PIps is talking about long term trading. The link is provided at the beginning of this post.

That's all for Tuesday.

If you are interested more in trading news, go to Forex Diamonds - News Trading Education where Sir Pips or Magister Pips are trading all of mentioned indicators live. Join the room, and get a lot of education from me and other traders that are there. They post trade plans and talk about the trades as well as they give entry and exit signal live while the market moves. You can try it with no risk for 21 days so if you don't like it it is free. If you find it useful, then you can stick with us and make grow you live account with us. I am pretty sure you will be satisfied but at least give a try. Worst case scenario, you will learn something and get all your money back.

Thank you and good luck with your trades.

To Our Success!
-Sir Pipsalot & Crazy Cat



The video with the signal is recorded by Sir Pipsalot.
For your convenience, this text is written based on the video by Crazy Cat

 

More...
Forex News Trading Signal / Trigger - 30 June 08
Forex News Trading Signal / Trigger - 27 June 08
Forex News Trading Signal / Trigger - 18 June 08
Forex News Trading Signal / Trigger - 16 June 08
Forex News Trading Signal / Trigger - 11 June 08


Artikel Penting
List of tradeable news

Link di bawah ini adalah file excell yang berisi daftar news yang layak untuk di trade yang berasal dari 6 negara yang terkuat mata uangnya. Yaitu US, UK, Euro, Canada, New Zealand dan Australia.

File ini dibuat oleh salah satu aktivis News Trader di Forex Factory yaitu "BigMac" dan menurut saya sudah merangkum semua News yang tradeable. Tinggal kita update sekiranya ada News dimasa datang yang layak untuk kita perhatikan. 

Semoga bermanfaat Wink

KLIK DISINI UNTUK DOWNLOAD

More...
Download Felix Triggers since August 1st 2006
Important things to remember when trading the news
wrong assumptions about news trading
News Trading VS Trend
Forex News Trader Trading Style


DISCLAIMER AND RISK WARNING

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts

Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex market. Don't trade with money you can't afford to lose. This ad/presentation is neither a solicitation nor an offer to trade forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this ad/presentation. The past performance of any trading system or methodology is not necessarily indicative of future results. Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Moreover, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and your position will be liquidated and you will be responsible for any resulting losses. Investors are recommended to lower exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders. Me and my products will not be held responsible for the reliability or accuracy of the information available on this ad/presentation. The content provided is put forward in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by me and/or my products. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

 

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