I’ve made a count for euro crossing pair since it wave steadily move in trend better than EURUSD.

Still, this is only my novice view. Discretion is advised. Im looking for bearish potential in EURJPY to allow me jump into position trade and hold for 20days or more since after this I was not able to pick my chart daily.

Lets wait the price unfold to confirm it:

Actually, I started this blog is as function of my journal. Suddenly I change into analysis then change to statement or trading performance. Since Im still new in this arena, I can’t interpret well the market and give you guys fully trade journal. So I think firstly that I need to do is to share with the beginner that what is forex?

I know that you can get to know what forex in a lot of websites is. But as if you accidentally jump to my blog. I hope I can share to you without you have to search it anymore. Well, thats what we called “Sharing Is Caring”

Foreign exchange (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, trading in the forex market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse.

Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many speculators rely on the availability of enormous leverage to increase the value of potential movements. In the forex market, leverage can be as much as 250:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity, foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for FX traders.

Extreme liquidity and the availability of high leverage have helped to spur the market’s rapid growth and made it the ideal place for many traders. Positions can be opened and closed within minutes or can be held for months. Currency prices are based on objective considerations of supply and demand and cannot be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.

The forex market provides plenty of opportunity for investors. However, in order to be successful, a currency trader has to understand the basics behind currency movements. The goal of this tutorial is to provide a foundation for investors or traders who are new to the currency markets. We’ll cover the basics of foreign exchange, its history and the key concepts you need to understand in order to be able to participate in this market. We’ll also venture into how to start trading currencies and the different types of strategies that can be employed.

Hello there!

I look forward to do my analysis today although its quite tough for me. I prefer GBP/JPY than GBP/USD mostly because it easier for me to define the pattern when the price unfold. In GBP/USD I usually got stuck when I go deeper in lower timeframe

So, below is my analysis for next week open market. Remember what I’ve shown you is not encouraging you to put a market order. Because EW are just  to predict price pattern. There is a possibility of its failure. Take it as a study and open discussion. Thanks you. I also like to find fellow elliotician junior like me that like to be contributor you can mail me at aidilazhar@cybermoneyinfo.com

Enjoy! CLick to view larger picture

Hi guys. Ive learnt a lot from a short post of Mr. Alex Wong from Singapore. He is the founder of the Elliot wave group in Facebook. The first thing that came out of my mind is, I need to stop show my trading result for a reason.

The reason is, I didn’t find it so courage the reader if I post the result. People will assume I’m trying to gloat. That is to say the main thing. The second one is, what do the readers get from my result? If I post at least a simple trend lines analysis, it will surely help me and help you guys to discuss about trading matter. Showing the result will give you guys nothing.
So from today, I abide myself from posting any result unless I really need to do so. For a trading signal achievements maybe. But for the time being, I don’t thing that I will give any signal because I’m still a novice trader, there is so much thing that I need to learn. Two years experience is not enough to make me as trader who trades for living. Unless my main objectives is to trade as hobby, then I should forget what I just said just now.

So, I guess, that’s all for now. I’ll catch you guys later.

Hello, as Mr. Alex Wong a senior trader advice me about money management, I decided to follow his advice of protecting the money into from certain risk. Maybe his message is to ask me to reduce risk but a stable profit. I want to message him badly ask ask him some tips that I believe I could share to you later.

Because I have not much knowledge, so I don’t know what I should do. As my noob act. I withdraw all the capital and profit from the old broker. So from the 300%. I deposit back 100% to this new broker to test whether this broker is scam or not (as my 2nd objective actually). My first objective is to secure the profit like Mr Alex told me. So this is my new account that I’ve opened on 25th of March.

Forex Trade Achieve 300% in 4 days. Not so good because my account was floating about 1300 today until this us session that make GBP/JPY down again..if not my account will vanished.. arghhh..!!

So this is overall performance in this week. 300% in 4 days. I want to withdraw the profit so I will not trade tomorrow

Today’s trade not so tremendous as my previous day. My trade choppy and because of me myself was so greedy, my trade were going bad. Supposely I can achieve 300% for only 3 days, but all the dreams crash out after I sold the GBP/JPY pair at very strong support for today. I realized my mistake just after I make the order and plus, the margin I put in were so high. I think I should play safe like my first day of trade. Only trade 0.1 lot since my full margin only 1000.

So here below my trade, Im not sure how long I should post my result. Maybe till my account blown or till I reach target to 10K. But I’m thinking of withdrawal to get back my capital first and start back from scratch at 1k. So when I loose. That money is a sum that I afford to loose.

Syukur Alhamdulillah!

Today, although I’m busy with sort of thing. I had successfully  double my account in just two days. I’m so happy althought my account not so much better than other senior. Im happy with my today’s result. Im afraid of tomorrow news. So, there is possibility that I wont trade tomorrow EST Wednesday because of Fed Cut Rates

This is my Performance that I want To share with you  guys!

Althought I’m Happy with my performance today. I have some extra scared. You know why? Im an Elliot wave Practicioner. So when I was looking to my trading performance Graph. OMG!! I will loose after This.. ?? SHould put Moving Averages into The chart.

So . See you Later.!! Wish Me Luck For my Next Trade OK!! I’m Thinking of withdrawing the profit to play safe

Yesterday I have deposited a small amount ($10) of my ‘duit makan’ (Pocket Money) into trading platform to officially open my first live (Micro) account in my life. Today Im doing scalping with TF 1m and using MA and Stochastic as my approach. What I showed here is not to make a proud of myself. I dont meant that.

Because this is my first day trading real account and I so happy for what Im doing, thus, I put here to be some of my partial memory that been shared with my readers. Who knows if I ‘kena’ (get a) margin call someday (Hope & Pray I wont) at least I still have some sweet memories to gain my motivation back. Tomorrow Im not sure I can trade or not because tomorrow I have quiz, presentation and midterm XM . Im crossing My finger Now

This is my new trading approach and under certain circumtances if market open today in JPY session and GU are bearish, then it may be as graph below before I enter my position to go Long