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