BREAKING THE TREND

At the moment, majoriti of pairs are struggling to break the trend. From my analysis, only EurJpy and AudJpy have broken the trend. The rest will be in ranging mode until the trend is broken.

AudJpy @ 61.70
EurJpy @ 123.80

Those are entry point for short. Those are guideline only. You should be looking for better entry unless you have the guts for -ve pips

The rest of the pairs are ranging at the moment until the trendline broken. Do enter at will but no long term trade. Scalping mode from now on until a new trend is born.

Good luck

STOP LOSS HUNTING. THE MARKET IS CRUEL

Sometimes it happen but this is one rare ocassion and I am really stunned. I was holding a long position on GJ. I am in profit of about 100 pip with a stop loss of 50 pip from my entry point. Guess what. The market turned down 150 pip in one move, hit my stop loss and now its flying.

This has nothing to do with the broker, it is just the market is cruel. No matter who, you will get hit sooner or later. In order to hit me, the market has to move 150 pip againts the trend. What an honour I must say. 150 pip is much more than most people TP.

Enough said, all pairs should have a steady climb from now on. If you are holding long at the moment, make it long term.

MY HOBBY

Spent sometime at the beach yesterday. Taking a few pictures here and there. I have cropped the pictures into a widescreen wallpaper. Maybe some of you may like it. Its not a professional job but for me its ok.

ITS FRIDAY EVERYONE. GET LOST

Its Friday and time to get lost. If any of you still holding long position from this morning, its time to close it and get lost. Go get yourself lost in a pub, disco or something.

Im going off now. See you next week.

Btw, 500 pip move by GJ is unbelieveable but its Friday, anything goes on friday

FOREX TEMPLATE FOR GRAB

I am thinking of uploading my system to the internet so that it will be available for everyone. It will only be the basic system. The rest you have to figure out yourself.

Can anyone tell me where is the best place to upload and share files. I intend to upload a MT4 template and a text document explaining how it works.

Suggestion anyone??

FRIDAY AGAIN BUT WITH A LITTLE TWIST

As I said before, Friday is not a good day to trade but what if you have a signal to reverse everthing on Friday morning. Will you take it?

AUDUSD did drop down an enormous amount. I hope some of you profit from it as I posted earlier asking you to find a place to short as good as humanly possible. Now its changing direction. Unfortunately it happen on friday morning. As we all know, Friday is for those short term trader to take their profit. Money will flow out of the market leaving it with a very low trading volume. Anything can happen on Friday.

Trade on your own risk