George Soros says Oil Bubble?

Categories: Forex Trader's Journal

Billionaire investor George Soros says that while declining Middle East supply and rising demand by China play a part in the rising price of crude oil, speculators are a key cause of the sharp rise in gas-prices.
In interview with The Daily Telegrah, Soros said that speculators have a strong effect the rising oil price, which […]

Billionaire investor George Soros says that while declining Middle East supply and rising demand by China play a part in the rising price of crude oil, speculators are a key cause of the sharp rise in gas-prices. In interview with The Daily Telegrah, Soros said that speculators have a strong effect the rising oil price, which hit a record $135 a barrel last week. Soros said that the ‘oil bubble’ will not burst until U.S. and Britain are both in a recession, during ... Read More

Trade alert on USD/JPY H4 Chart

Categories: Daily Technical Analysis Tips and Picks

Hi Forex Traders, I am posting this to let you know that a trade set up may be presenting itself on USD/JPY H4 chart. See below…..

The price is retracing on a downtrend, I am still bearish and I think the downtrend is stil intact. There 2 levels which I will keep my eyes on […]

Hi Forex Traders, I am posting this to let you know that a trade set up may be presenting itself on USD/JPY H4 chart. See below..... The price is retracing on a downtrend, I am still bearish and I think the downtrend is stil intact. There 2 levels which I will keep my eyes on to sell this currency pair. It converge on my Gartley pattern. What ?! What is a Gartley pattern?! Well, it is part of a Fibonacci sequence which ... Read More

Breakout trade strategy on GPB/JPY H4

Categories: Daily Technical Analysis Tips and Picks

Hi forex traders, It has been a great day! Got a few trades today, and make some respectable pips. Here I will just talk about the GbpJpy. Let’s pull out the Daily Chart and take a look…..

Can you see the GREEN trendline that I marked? You can see that it is a breakout trade strategy. […]

Hi forex traders, It has been a great day! Got a few trades today, and make some respectable pips. Here I will just talk about the GbpJpy. Let's pull out the Daily Chart and take a look..... Can you see the GREEN trendline that I marked? You can see that it is a breakout trade strategy. When trading breakout strategy, never jump the gun, always wait for price to retrace then pull the trigger. Let's got to the H4 now..... Now can you see ... Read More

USD/JPY day trading forex

Categories: Daily Technical Analysis Tips and Picks

Hi forex traders, another day another bag of pips in my account. I traded this currency pair usd/jpy making a cool 35 pips, not too bad thinking that it was a give away. As you have read my previous posts, usd is weakening and it’s going down. Before you trade, you should at least do […]

Hi forex traders, another day another bag of pips in my account. I traded this currency pair usd/jpy making a cool 35 pips, not too bad thinking that it was a give away. As you have read my previous posts, usd is weakening and it's going down. Before you trade, you should at least do some homework by peeking at the DOW Futures (hint hint), this will certainly give you some heads-up on what's going to happen, or at least prepare you. ... Read More

usd/jpy daytrade

Categories: Daily Technical Analysis Tips and Picks

Hi fx traders, just got off a trade on usd/jpy. Everyone should know that the trend of usd/jpy is down down down for today, like I have said in my previous post, I see the usd weakening further as oppose to other economists saying that it is strengthening. If you don’t believe me, go to […]

Hi fx traders, just got off a trade on usd/jpy. Everyone should know that the trend of usd/jpy is down down down for today, like I have said in my previous post, I see the usd weakening further as oppose to other economists saying that it is strengthening. If you don't believe me, go to the daily chart and see for yourself, you should see an ascending wedge pattern, and it's now making it's way down. So much of that, let's talk ... Read More

78 Essential Fx Strategies - Part 8

Categories: 78 Essential Forex Strategies

Hi forex traders, here’s another installment of the essential strategies every trader must be equiped with…..
36. If you have tested and seen it for yourself that EUR will move 70+ pips during the open of London session for the next 12 hours, then you can test this out for yourself. When you have determined that […]

Hi forex traders, here's another installment of the essential strategies every trader must be equiped with..... 36. If you have tested and seen it for yourself that EUR will move 70+ pips during the open of London session for the next 12 hours, then you can test this out for yourself. When you have determined that the trend for EUR is an uptrend today, try to find opportunities to buy on the dips. Set your stop to 20 pips loss, and ride the ... Read More

AUDUSD is correlating with USDJPY

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, I have 2 bad days this week, all because I DID NOT FOLLOW MY OWN RULES!!! Yeah people, it is very important that you follow your own rules. If you have formulated your own trading plan, you have better follow them religiously like following on a strict diet. Rules are not meant to […]

Hi Traders, I have 2 bad days this week, all because I DID NOT FOLLOW MY OWN RULES!!! Yeah people, it is very important that you follow your own rules. If you have formulated your own trading plan, you have better follow them religiously like following on a strict diet. Rules are not meant to be broken in forex trading, because rules are rules, and these rules are being put down through your months of experiences and mistakes. And these 2 days ... Read More

What did I say about AUD/JPY?

Categories: Daily Technical Analysis Tips and Picks

Hi Traders,
What did I told you about aud/jpy on my last post? If you would just listen to me…LOL. See below for yourself…

Remember what I say about this currency pair? Only go long because this is a carry trade pair. Yeah, that’s right, it is a currency pair where investor love carry trading on. Look […]

Hi Traders, What did I told you about aud/jpy on my last post? If you would just listen to me...LOL. See below for yourself... Remember what I say about this currency pair? Only go long because this is a carry trade pair. Yeah, that's right, it is a currency pair where investor love carry trading on. Look how price fall nicely on a previous low and bounces off. Just as it reaches the support, it forms a nice rejection candle, in this case, we ... Read More

Great tip on how-to-trade Aud/Jpy forex fundamentals

Categories: Daily Technical Analysis Tips and Picks

Hi Traders,
it has been some busy weeks for me, trying to settle my other businesses. Well, during those past weeks, I profited some pips from gbp/jpy and other currencies as well, I hope that you profited too. In this article, I would like to give you some insights on fundamentals, though I may not be […]

Hi Traders, it has been some busy weeks for me, trying to settle my other businesses. Well, during those past weeks, I profited some pips from gbp/jpy and other currencies as well, I hope that you profited too. In this article, I would like to give you some insights on fundamentals, though I may not be an economist, but with some feel in the forex market long enough, you will have a gut feel what other big institutions are doing. I have been seeing ... Read More

78 Essential Fx Strategies - Part 7

Categories: 78 Essential Forex Strategies

Hi Traders, here is a continuation of my 78 essential forex strategies…..
31. If you have identified a price point and entered your trade base on your analysis, whether you are trading reversal based on MACD Divergence, pivot points, support and resistance, Fibonacci or other methods that you have discovered; place your stop on the other side […]

Hi Traders, here is a continuation of my 78 essential forex strategies..... 31. If you have identified a price point and entered your trade base on your analysis, whether you are trading reversal based on MACD Divergence, pivot points, support and resistance, Fibonacci or other methods that you have discovered; place your stop on the other side but not too close to your entry point This is because price behaviour always has a tendency to spike up and pulls back to where it first ... Read More