Trading In Foreign Exchange

EURUSD in action of MERDEKA
Friday, August 31, 2007

First of all the calculation on friday last week still valid. So, for playing safe you can put your order like this :
1) Stop Buy 1.3677
Take Profit 1.3723
Stop Loss 1.3647(trailing stop 20pips)
Margin *UTY

2) Stop Sell 1.3549
Take Profit 1.3503
Stop Loss 1.3579(trailing stop 20pips)
Margin *UTY

Both method you can easily earn 46pips. In term of safety the margin should be 5% or Up To You. Afford to loose is better than never. If your margin got more than you think, there is another way to make pips. This the method :
1) Fibonacciology the chart. Check out the trendline, compare with chart. Read the candle
possiblity. Open the post which is suitable. Stop loss 1:1.5 thats mean you want to earn
10pips, you have to sacrifice 15pips. Hopefully the candle gonna stop at 50% retracement
from fibo dated 24AUG. And BOOM up to D. Even 200SMA is nearer to candle, there is
a news to check it out. Even right now at 3.28AM it breaks and play below one of the
trendlines it surely gonna find the 50% fibo to retrace. When the retracement complete at
level 50% it gonna play in the middle of the resistance and support trendline. Only time will
tell. My prediction is, EUR gonna be bullish due the news more to gain in early afternoon.

2) Trade with my macd indicator. Open post when the red line start to bend. 5-10pips range of
scalping.

Thats all easypipers. It nearby 4 o'clock already. time to sleep. trade wisely my friend. We digg it, Allah give it. wasalam.

Labels: bullish, fibo, fibonacciology, macd, Merdeka, retracement, SMA, trendline

posted by Unknown @ 03:55, ,

Market Glosary
Tuesday, August 28, 2007

Aggressive trader: The trader that likes to trade heavily, using the highest possible leverage and mainly doing scalping and some intraday trades.

Ask: The price at which a market maker is willing to sell (you buy) a security. The market maker will also display a bid price, or the amount and price at which it is willing to buy (you sell).

Bid: The price at which a market maker is willing to buy a security (you sell). The market maker will also display an ask price, or the amount and price at which it is willing to sell (you buy).

Broker: Common name used to define, generally, firms that act as the middle-man in the financial markets. There are two types of brokers, market makers or ECNs.

ECN: Electronic Currency Network. Directs the client straight through the interbank market, usually resulting in tighter spreads. Most ECN’s have a fixed commission per roun/turn lot.

Leverage: The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.

Lot: Pack in which trading units are being sent to the market. There are 2 tyoes of lots: mini and regular. A mini lot consists of 10,000 units of the base currency, and a regular lot consists of 100,000 units of the base currency,ie, 10 times more.

Margin: The amount of equity contributed by a customer as a percentage of the current market value of the securities held in a margin account.

Market Maker: Middle-man between the interbank market and the retail user. The interbank liquidity provider charges the market maker a small commission for providing access to tradeable volumes. The market maker also charges commission to its clients (in the form of spread, direct commission or both) to provide them access to tradeable prices in the currencies market.

Moderate trader: The trader that likes somewhat high leverage, trades more on 1-2 day horizon and does not commit as much capital per trade as the aggressive trader does.

Pip: The smallest price change that a given exchange rate can make.

Spread: The difference between the bid and the ask price of a security or asset.

Labels: forex, glosary, marketiva

posted by Unknown @ 14:03, ,

My MACD Indicator
Saturday, August 25, 2007

As you can see. MACD a.k.a. Moving Average Convergence Divergence is like a basic forex indicator to see the movement. And you can trade with MACD when it start to convergence or divergence, at least 10 pips minimum for profits. I learn just a few tricks how to read this indicator.

It was been teach by my MACD sifoo called hans75. He teach me a few month a go. It was an easy going to make profit. A few month a go, I only left 20¢ in Marketiva account after i have been margin called due to floating overloaded. He teach me how to read the MACD for profit.

Within a few days I already have $4 in my Marketiva account. As a contribution to my sifoo, I compiled one indicator for use with MetaTrader4.0 same as in Marketiva MACD indicator. It have 2 lines and work well in MT4.

So to get this indicator, just click the link below :

>acg macd<

Hans75 thanks bro. You teach me well. But I'm eager to find my way of trade in forex. Please give some feedback about this indicator after you all using it. Happy trading and good luck.

Labels: forex, macd, marketiva, meta trader, meta4, sifoo

posted by Unknown @ 21:46, ,