|
| |
| |
| |
|
Statistics |
| Unique Visitors: 6 |
| Total Unique Visitors: 18984 |
| Visitors Out: 99 |
| Total Visitors Out: 99 |
|
|
|
| |
|
|
| |
|
| August Result |
| 2008-09-03 06:24:56 |
I'm very happy to announce that I have gain back my capital, and with some profit:) (See Mid-August Result). This was indeed a very good month for me. But of course, I can get back my losses by adding new capital, and it was quite a lot of capital for me. I feel like my journey in Forex is getting serious more than ever. Okay enough of this happy thing! Below is August daily return. Zero percent means that I didn't trade that day.I got 934 pips this month, which is 34.20% profit. I trade smaller...
|
| |
|
| Pairs Correlation Part I |
| 2008-08-28 09:49:18 |
Since I trade GBP/JPY, I spend time a lot watching USD/JPY and GBP/USD chart, also DJI chart. Like some other tools in Forex, what I looked for is the correlation. Is GBP/JPY move the same way as USD/JPY or GBP/USD? Is USD/JPY move the same way as DJI?I made some entries based on those pairs lately. Some entries didn't even confirmed by the EMAs. Nevertheless, I gained some pips with that method. However, without historical data and numbers, it was pretty much looks like gambling. So I made some...
|
| |
|
| Pairs Correlation Part II |
| 2008-08-28 09:48:05 |
In the first part of this topic, we know that GBP/JPY followed USD/JPY. And to know where USD/JPY movement, I use the Dow Jones Index. Of course I can only use it in US session by hourly chart. I don't use the Dow for the Asia or Europe session. I'll talk about it later. Now let's see the DJ Index correlation table below.I use daily close price data for this anaysis. I think hourly close price data is more reliable but daily price seems fine by me. The table above shows that USD/JPY moved to the...
|
| |
|
| Marketiva Deposit Methods |
| 2008-08-24 15:45:24 |
Okay, I just want to put a bit of technical matters aside from the market. The issue of how to fund our account is very important. There are several ways to fund our account. And since I trade in Marketiva, this post would be pretty much about deposit to Marketiva.The first method is through wire transfer. I've done this method once. The money go to JP Morgan and then to my account. However, Marketiva use a different bank now, which is Crnogorska komercijalna banka (CKB) i...
|
| |
|
| Update on Result |
| 2008-08-13 04:23:12 |
Since I have added more fund to my account, I will summarize my recent result to separate it from my future result. The result is very good. I got 277 pips which is 43.95% profit from my beginning balance this month (3.71% of my capital). I hope that I can gain another 20% of capital at the end of this month.Limiting my trading day has been successful to kept me out from bad trades. I did not trade on Thursday and Friday last week, as well as yesterday. Although, I may trade several times a day ...
|
| |
|
| Bar Close Alarm & Fibo Price Indicator |
| 2008-08-10 19:55:50 |
Here are two indicators that I put on any templates I use. First is Bar Closed Alarm which give sound alarm 2 minutes (adjustable) before a bar/candle closed. It is very useful for any breakout system since most traders will wait for the closed candle and see where it open.DOWNLOAD HERESecond is Set Fibo Price indicator. I like to use Fibonacci retracement as support and resistance level but it only shows the percentage. Adding the Set Fibo Price indicator to your chart and the Fibonacci retrace...
|
| |
|
| July Result |
| 2008-08-01 07:24:14 |
Hello guys. It's been 2 weeks since my last post and the result is not so good. Bad news is I lose 2.44% of my capital, which you can see on the sidebar later. The good news is, of course, I do not lose more than that;P just kidding. Although the result is negative, I am confident with the system that I've been use.I also want to add more money to my account to help me cover the huge losses and I will be happy to know what you think about this idea. Below is my daily return since the last post m...
|
| |
|
| In Term of Money.. |
| 2008-07-17 23:49:04 |
Guys, I decide to count my losses in percentage of money. The reason is simply because 1000 pips might not the same as the money I lose. So since my last post, I had lost another 10% of my equity:( To be accurate, I still have 10.89% of my capital, meaning that I need to gain 89.11% to have my capital back. I made a projection with 15% margin and 25 pips daily assumption, and it will take 61 days to gain that 89.11%. I will change the result table on the sidebar again and will update it next mon...
|
| |
|
| A Thousand Pips To Gain.. |
| 2008-07-02 20:59:28 |
My losses since march has reach 1000 pips and I think I will take it slow for now. I still have 20% of my margin and I was able to withdraw 40% profit back in April. It could take 3-4 months to gain back my losses IF, the system reach monthly target and I can trade based on the system;PI will simplify my Monthly result on the sidebar as it is ridiculous to show off my losses like that:P So I will update the blog next month and hopefully with green pips:)
...
|
| |
|
| Done for Today |
| 2008-06-24 02:57:52 |
GBP/USD did break the trendline as well as EUR/USD. Gann also gave signal but MACD still below 0 level. I closed my positions with 45 pips in total and decided to call it a day. Those pairs can still move further I guess but I have to take care other things for now and wont be able to monitor the trades. It's better save than sorry right? However, US session later on might be interesting. Happy trading guys:)
...
|
| |
|
| GBP/JPY Trade Update |
| 2008-06-24 01:53:10 |
I closed my short position from yesterday with -97 pips. The support remains at 211.06. I missed the long signal in 1 hour as well in 4 hour chart early today. It was another nice setup actually where Gann gave signal, price breaking trendline, and MACD above 0 level. I will stand aside for now and look for development.GBP/USD The pair seems about breaking the trendline again after bounces off 50% retracement level. So at the moment I'm waiting for the candle to close. If the trendline break, th...
|
| |
|
| EUR/USD Trade Update |
| 2008-06-23 08:44:58 |
The pair has reached my target and it seems that there is a strong bounce at the moment. Well, Gann on 4 hour chart gave signal about 1 and a half hour ago. So the pair might drop further if the price break the current support. I haven't check another support level and will check it later.My GBP/JPY position is still open. USD/JPY is facing resistance for now, which give me some comfort:) However I think the pair need to past through 13 EMA on daily chart, which is at 210.68. Okay that's all. Ha...
|
| |
|
| Nice Setup On GBP/USD |
| 2008-06-23 07:06:53 |
The trendline break and signal from Gann indicator followed with a nice move today. My TP was at 38.2% retracement level. The price went further actually and reach 61.8% retracement level, but I thought 50 pips was enough;) Quick trade with EUR/USD today where I collect 15 pips. I entered after a trendline break but Gann indicator doesn't confirmed, not until an hour later anyway;P The pair has broken another trendline as you can see on the picture above. I already opened another short position ...
|
| |
|
| 16 - 20 June |
| 2008-06-22 17:05:21 |
I loss 9 pips last week. I got more winning trades actually but my TP was only 15 to 25 pips and the losing trades was around 100 pips. I also trade more pairs, looking for more opportunity beside GBP/JPY. As for the system, the Gann indicator really teased me;P My entries on the last few days were based on it. I still keep the 21 EMA and 13 EMA on my chart though, as support/resistance.The pair still consolidating, but I expecting a correction to 208.11 area (38.2% retracement of 199.76 to 213....
|
| |
|
| Play With Gann, Fibo, and MACD |
| 2008-06-19 18:39:33 |
I couldn't wait until weekend to play with the Gann indicator;P I use 30 period in 1 hour chart. I really think it's a cool indicator. I add MACD and Fibonacci, and now I just open 4 positions: G/U, G/J, A/U, and N/U. All are long position and I entered after they break 100% Fibo level. The targets are 123.6% or the 161.8% level as shown on the chart below. Wish me luck!Update: I added long position on U/J. I already close all positions with 13 pips in total;P All positions didn't reach the targ...
|
| |
|
| Yesterday Result |
| 2008-06-18 05:50:55 |
Hello guys. I got nothing to do so I just post yesterday result, otherwise I could mess up my trades today :P Well, second day this week ended red :( 5 trades from GBP/JPY, AUD/JPY, U/CAD, and U/JPY. My GBP/JPY short hit the SL and I open another position. I closed AUD/JPY short on the edge of touching my SL. Total loss was 148 pips and gained 58 pips.I also remove some indicators from my chart; stochastic and QQE. At the moment I still have GBP/JPY, AUD/USD, and EUR/USD. All short and red! ;P A...
|
| |
|
| Weekend Breakout Indicator and Gann Indicator |
| 2008-06-17 00:31:46 |
At last! I tried using weekend breakout system yesterday and the result was good:) I downloaded the indicator from Forex Factory. The indicator calculates the high and low start from the first candle of the week. I set the indicator to calculate high and low from the last 3 candles. I set the target for a hundred pips. Take a look at this picture below.Anyway, I said that I might trade other pair. So yesterday I trade AUDUSD, NZDUSD, EURUSD, and GBPUSD beside GBPJPY. I took 15 to 20 pips for eac...
|
| |
|
| 9 - 13 June |
| 2008-06-14 03:55:21 |
The result for this week is still not good. The pair has been moving sideways since Tuesday. The eagle breakout system was losing for 3 days. Obviously, the trend based system was losing too:( I took notes on several things for 5-13-21 EMA system. First is entry. I think I should avoid entries right after crossover, maybe it's a lot safer to wait for the retracement. This thought was influenced by 1-2-3 price movement theory. Second is take profit. Using BBands as target is great but I will have...
|
| |
|
| Trend Follower System 1 Hour |
| 2008-06-10 03:58:01 |
The title in forex factory is "Trend Follower 5 Minute System", but the man said on his blog that the system is just as accurate in any time frame. I got to tell you guys that I really like this system and I already watching it for few weeks now. I really like how the 4 EMA and 8 EMA crossover combine with the GMMA can give powerful signal. However, I use only the GMMA, 4EMA & 8EMA crossover, and 20 SMA in my GBP/JPY hourly chart.Please check the system at forex factory or his blog. I post ...
|
| |
|
| 2 - 6 June |
| 2008-06-06 23:50:01 |
The 5-13-21 EMA system produce 4 signals this week. Two signals followed by great movement where the pair reached target at 4 hour BBands. Two others went bad:( The 2 bad signals appeared after a trendline break. I made comparison with the 5EMA and 13EMA crossover only (MACD). The entry signal produce by the 5EMA and 13EMA (red vertical lines) were more accurate in this week market.As for my result, I lose again this week;P I lose on Wednesday and Friday (by NFP). I closed the winning trades wit...
|
| |
|
| Bollinger Bands as Target |
| 2008-06-03 11:42:25 |
Taken from John J. Murphy's Technical Analysis To The Financial Market, we can use the Bollinger Bands as target. Moreover, I will test it for the 5-13-21 EMA system that I've been using for the moment. First of all, the target is the upper band on bullish trend and the lower band on bearish. However, some signal appeared when the price is near the target. So, my idea is to add another band set at deviation 3. And I refer to the 4 hour chart target, not in 1 hour. Here is the sample from yesterd...
|
| |
|
| 215.xx ??? Nope.. |
| 2008-06-02 12:51:45 |
Hi guys, just want to follow up my last post. The pair open below the trendline this week and dropped for almost 300 pips now. The pair also break the trendline an hour ago, but I didn't enter. I want to focus on the 5-13-21 EMA system this week. So I guess this week we'll see another consolidation or it might test the support. Just to remind you that it's NFP's week..doesn't know much about NFP actually, but they always say to be careful on NFP's week:D Cheers..
...
|
| |
|
| Position Sizing for Breakout System |
| 2008-05-31 08:29:57 |
Click here to see the breakout system. Now, the Stop Loss is simply the opposite signal. So if the long order triggered, then the Stop Loss would be the short order price, which would triggered the short order.Everyday we'll have different range of Stop Loss. So if you want to limit your risk per trade, you will have to calculate the quantity.After you know the high and low, and you adjust it with the spread, you can find the range,which is the Stop Loss.Here is the example from yesterday on GBP...
|
| |
|
| Stop Loss Using MA Crossover Signal |
| 2008-05-31 08:28:28 |
I just notice something about the MA crossover signal indicator. It seems that the signal appears at some point that can be use as stop loss level. The signal is 13 EMA and 21 EMA crossover and I haven't try with other MA period and I use 1 hour chart. This is what I saw:You can see on the right side that the EMAs crossed again when the SL level got hit. Here is another. The particular signal above could really help in that kind of price movement. You can also set your position sizing based on ...
|
| |
|
| 26 - 30 May |
| 2008-05-31 05:47:47 |
Obviously, this week result is not good. I lose 104 pips this week. Actually most of the signal on GBP/JPY was a good signal, but I lose much on GBP/USD:( Let's take a review on the signals.The signal appeared on Monday and the trend remain until Friday. It was a good week really. Now let's see GBP/USD this week.I short the pair on Wednesday, just after the news. I really thought I can get 30 pips from my entry, because on the other hand, EUR/USD kept on falling. I was wrong. The pair reversed t...
|
| |
|
| Indicators for Metatrader |
| 2008-05-28 04:41:40 |
Guys, I added the 'Downloads' section. This will be the first post under that label. Here I got indicators for MT. I can't remember where I downloaded them, I think it was a forex website or something. I like to browse for MT4 indicators on the web. I like to try those different indicators on my chart, try to learn something from them and eventually I hope I can find my ultimate preferences of indicators. Not the ultimate system, just my ultimate preferences of indicators, which should fit my st...
|
| |
|
| Weekly Breakout |
| 2008-05-24 09:59:10 |
Hi guys, I found this system on Forex Factory. The system is for GBP/JPY. The system use the last 2 candles of the week on 4 Hour chart to determine the high and low. I was actually notice it myself so I was quite surprise when I saw the system on the Forex Factory. It is nice to know that someone else notice it too. :) Anyway the chart will look like this:I use stop order above the high and low to trade this system, just 1 pip away. I also like to wait for the first candle on the next week to ...
|
| |
|
| 19 - 23 May |
| 2008-05-24 03:55:44 |
The pair continued it sideway move. It was not until Thursday when it make a new high for the last 2 weeks. The pair went for 206.54 without a significant retracement, at least not significant enough for me because the price didn't cross the 5 EMA at all. However, trendlines proved to be worthy. I got the breakout align with 5 EMA cross 13 EMA and 21 EMA, gave me an entry signal. The target should be the next trendline but my plan was 50 pips for each entry. The pair went back down until 204.17...
|
| |
|
| 5 - 9 May |
| 2008-05-18 04:27:38 |
I said on my previous post that I want to use the EMA. I also said that a good trend can last for few days. Well, it has been a good week. The 13 EMA cross the 21 EMA on Monday from above and it remain below the 21 EMA until the end of the week. And because the price kept on falling, some of my entries were based on trendline breakout. Ok, that's all. Have a nice weekend.Previous Week
...
|
| |
|
| 12 - 16 May |
| 2008-05-18 04:24:49 |
The pair reversed since Monday and was going sideways for the rest of the week. The 13 and 21 EMA cross gave late signals in this situation while the 5 and 13 EMA cross generate better entry signals. I lose 298 pips this week :P I closed 2 short positions near that red arrow on Friday, just before the price went back down :( GBP/USD resistance is at 1.9630 and USD/JPY resistance is at 104.50, so I expect GBP/JPY will fall next week:) Well that is all have a nice weekend guys!Previous Week
...
|
| |
|
| Daily Breakout Backtest |
| 2008-05-14 15:26:02 |
I made back testing on GBP/JPY for the Daily breakout system regarding my post about the system. The data start from 4 September 2000 (ODL Metatrader). I test for 10 pips target from 1 pip above the previous day high and 1 pips below the previous day low. So there are 3 summaries, whether the price reach target, breakout but didn't reach the target, or no breakout. You can download the excel sheet here.
...
|
| |
|
| 7-11 April |
| 2008-05-14 13:47:35 |
I have been able to reduce my loss for this month. I use the breakout system again for 2 days because I had to leave my computer, and fortunately the system went good and give me 100 pips.As for the hourly OzFx system, I am still trying to simplify my entry rules. I do this because I need to modify the system to fit my style. I will post the changes I made later.There are other factors that made me lose using this system (or any system). It could be my money management, or I missed all the big m...
|
| |
|
| 14 - 18 April |
| 2008-05-14 13:46:13 |
As I said before, I didn't trade as much as I used too this week. The OzFx daily system gave good signal actually, but I only trade with the breakout system. I gain 75 pips this week. After 2 weeks of consecutive losses, 75 pips seems nice :)It seems that I have to put aside the Oz hourly system for now. I want to trade the breakout system for the following weeks. I may only look for Oz signal in 4 hour and Daily time frame.Okay that is all. Market will open in 12 hours so have a nice trading we...
|
| |
|
| No More Entry Stop For Breakout System |
| 2008-05-14 13:31:17 |
I got a new notebook and a wireless internet. So now I can check the market anytime I want :) Meaning that I don't have to set stop order for the breakout system. In addition, I can also manage my stop loss.I used to set 50 pips target and opposite signal for the breakout system because I might be away from my PC for the rest of the day. It took a lot of manual testing until I decided with 50 pips target. But now, I prefer to open position only when the EMA agree and moving my stop loss to break...
|
| |
|
| Daily Breakout |
| 2008-05-14 13:30:13 |
Hi guys. I'm sure you can find this system anywhere. Like any other breakout system, first we find the high and low. And this case the high and low would be from the previous day.Looks very simple right? I add 5, 13, and 21 EMA on the chart above to see the trend. With 10 pips target and high probability I would trade with higher risk per trade and no fixed stop loss. I use the prev. day high and low indicator in the chart above. You can download it here.
...
|
| |
|
| Moving Average Based System |
| 2008-05-06 04:51:25 |
I always like Moving Averages. I am currently using the 5, 13, and 21 EMA. I always tried to find my preference of EMA. I tried 89, 200, 55, 28, and other MA period that people use. But, unlike other MA based system, I don't combine oscillator indicator. Actually I do, but I somehow overlook the oscillator very often. ;PWell, as you know, MA based system is quite frustrating in sideways market. And since I am lack in using oscillator as confirmation, I use more MA instead. In the 5, 13, and 21 E...
|
| |
|
| Red Red April |
| 2008-04-30 09:16:08 |
What a month for me. The month was started with OzFx system on GBP/JPY hourly and 4 hour TF. Then I use the breakout again. The OzFx system did not work well. At first, I was just missed all the good signal and caught up in the bad ones. After that the problem was just me. I didn't everyday, but you know, a day with pretty bad trades could wound you pretty bad.Last week I didn't trade much and I try not to trade too much this week ;P I will look for the OzFx signal and the breakouts. I also trad...
|
| |
|
| About The Breakout Indicator |
| 2008-04-21 06:12:32 |
I put the link to download the breakout indicator on my previous post. The breakout system itself, as I said, use the high and low from the day open until 3 GMT. First of all, you must know which time your platform use, because some use GMT, GMT+1, or GMT+2. Second, the indicator cannot cross the period separator. For example, you cannot use it to find high and low between 22 GMT and 2GMT. Third, it actually start 1 candle after the begin time. See the picture below.I set the begin time to 0 GMT...
|
| |
|
| Breakout System Review |
| 2008-04-20 23:48:38 |
Hi guys, first of all lets call this one "end of day" breakout system because it use the high and low between 15.00 - 21.00 GMT. Go here for details about the system. Below is the picture from last week and the system was in a great performance. All breakout reach 50 pips except in Monday, but since I have a new notebook I can move my stop to BE ;)Now lets take a look at the Panca-Eagle Breakout from daily-pips.blogspot.com. This breakout system use high and low from day open to 2.30 GMT, but I ...
|
| |
|
| |
 |
