Hello traders,today is the last day in 2008 calendar,and the beginning day for hijrah year to all moslem,first of all thank coz reading,comment and stopping by at my blog..

Although we have done in 2008,and 1001 memories thru trading have created,there are a lot of stories where we must count and research to be a successful and independent trader next year and after.

Since this blog present a signal,this is for my life time trading diary too,hope everybody would share and gimme more ideas,im not charge u to follow my signal,and nor to blame your words,ur comment are most welcome..

Sumtime i dont have a chance to grab my daily update or weekly routine,it does not mean im not in trading field.

well,how do u do in 2008:D

In my newbie sight,

The whole aspect in trading key come from fundamental issue,and technical as a guide entry and exit,the basic technical come from certain point we call support and entry,support base on previous high and low,when the low or high pass,we focus to the next high or low,if not we should turning back to previous point(support or resistance).This situation comes with million system and many trading style everyday,just to spot where is the right point while the basic still remember the pass many of the price pattern repeat itself.here is the reason why s n r is very important.Only the panic situation,when there is no support or resistance before.its hard to predict and dangerous to make a decision.

A lot of traders like to jump from one system to one that's why 90% fail,anyway im not going to say deeply:D

wah..so many words to say^^

Just a little bit,could i:D

Routine weekly trading plan before trading decision

1. Check the big news schedule on this week and next week,interest rate or gross domestic product or important speech especially
   
2. research the impact,if the number less or more than previous result
3. Know the important point to spot from the resistance or support
4. make a plan where is the point to entry,exit or stop loss

And dont forget every saturday or sunday to review your trading result,try to minimize your loses and let the profit run:D

They can,he can then why u cannot do it....hehe

okay,wanna take a rest first,happy new year everybody and may peace be upon u;)

Weekly trading bias base on pivot weekly range

gbp/usd

1.5052 to 1.5266

bias to upside when trading above 1.5266,and bias to downside when price below 1.5159

strategy,sell mode for every trial to break 1.5052 to 1.5266 range

focus target around 1.45 immediate take profit and maximum target toward 1.35

stop loss 1.60

eur/usd

1.3959 to 1.4055

bias to upside when trading above 1.4055,and bias to downside when price below 1.4007

strategy

sell upside failure around the 1.3959 to 1.4055 range toward 1.3530 first target and 1.30 maximum target.

stop loss 1.4250

Weekly trading bias base on pivot weekly range

gbp/usd

1.4897 to 1.4945

bias to upside when trading above 1.4945,and bias to downside when price below 1.4897

eur/usd

1.3072 to 1.3276

bias to upside when trading above 1.3276,and bias to downside when price below 1.3072

20 Golden Rules for Traders

Want to trade successfully? Just choose the good positions and avoid the bad ones. Poor trade selection takes a heavy toll as it bleeds your confidence and wallet. You face many crossroads during each market day. Without a system of discipline for your decision-making, impulse and emotion will undermine skills as you chase the wrong stocks at the worst times.

Many short-term players view trading as a form of gambling. Without planning or discipline, they throw money at the market. The occasional big score reinforces this easy money attitude but sets them up for ultimate failure. Without defensive rules, insiders easily feed off these losers and send them off to other hobbies.

Technical Analysis teaches traders to execute positions based on numbers, time and volume. This discipline forces traders to distance themselves from reckless gambling behavior. Through detached execution and solid risk management, short-term trading finally "works".

Markets echo similar patterns over and over again. The science of trend allows you to build systematic rules to play these repeating formations and avoid the chase:

1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming.

2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.

3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.

4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.

5. Don't buy up into a major moving average or sell down into one. See #3.

6. Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.

7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever you can.

8. Trends test the point of last support/resistance. Enter here even if it hurts.

9. Trade with the TICK not against it. Don't be a hero. Go with the money flow.

10. If you have to look, it isn't there. Forget your college degree and trust your instincts.

11. Sell the second high, buy the second low. After sharp pullsbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.

12. The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.

13. Avoid the open. They see YOU coming sucker

14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.

15. Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.

16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.

17. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.

18. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.

19. Bottoms take longer to form than tops. Greed acts more quickly than fear and causes stocks to drop from their own weight.

20. Beat the crowd in and out the door. You have to take their money before they take yours, period.

the best article,credit to www.tradingday.com

nfp special report eu long to 1.4270,1.4400 gu long to 1.7950,1.8300 if hit previous low 1.7550 then sell gu toward 1.6570 and eu if breakout 1.3745 sell toward 1.3370

ok trader dont forget to put your stop loss 50 to100pips after entry point..

good luck

currently stay out of the market..

waiting non-farm payroll report or after to make a new entry..

happy hari raya to all muslim..

see you on thursday

friday trade setup

im still hold buy position for gbp/usd and eur/usd...gu toward 1.8800 and 1.9130 eu toward 1.4911 and 1.5200,as long as 1.8250 gu and 1.4880 for eu still supported. .at the same time still holding short for usd/chf toward 1.0680 and 1.0500 while ready to buy deep for uj around 103.50 to 104.00 toward 108.00

correction:1.4480 for eu still supported not 1.4880

Thursday trade setup

im still hold buy position for gbp/usd and eur/usd ...

gu should try toward 1.8800 and eu toward 1.4911,breakout both level would bring the price for gbp/usd toward 1.91 and eu toward 1.50++

for usd/chf still holding short position to try previous low around 1.0680..

usd/yen waiting a try toward 103.50 to buy deep toward 108.00

Wednesday trade setup for eur/usd

buy at current price 1.4710 to 1.4730 stop loss 1.4650

tp1=1.4800 tp2=1.4850 tp3=1.4900


Wednesday trade setup for gbp/usd

buy at current price 1.8550 to 1.8600 stop loss 1.8460

tp1=1.8650 tp2=1.8710 tp3=1.8780


Wednesday trade setup for uj

sell limit 106.50 stop loss 107.00

tp1=105.50 tp2=105.00 tp3=104.50

sell stop 105.50 stop loss 106.10

tp1=104.85 tp2=104.35 tp3=103.50


wednesday trade setup for usd/chf

sell at current price 1.0850 to 1.0830 stop loss 1.0910

tp1=1.0770 tp2=1.0700 tp3=1.0600

tuesday trade setup for eur/usd

buy stop 1.4815 stop loss 1.4775

tp1=1.4860 tp2=1.4900 tp3=1.5050

sell stop 1.4660 stop loss 1.4710

tp1=1.4600 tp2=1.4560 tp3=1.4540


Tuesday trade setup for gbp/usd

buy stop 1.8650 stop loss 1.8600

tp1=1.8700 tp2=1.8750 tp3=1.8780

sell stop 1.8470 stop loss 1.8520

tp1=1.8420 tp2=1.8380 tp3=1.8350


Tuesday trade setup for usd/chf

buy stop 1.0910 stop loss 1.0860

tp1=1.0960 tp2=1.0990 tp3=1.1050

sell stop 1.0735 stop loss 1.0785

tp1=1.0690 tp2=1.0630 tp3=1.0540


Tuesday trade setup for usd/jpy

buy stop 106.00 stop loss 105.50

tp1=106.50 tp2=106.80 tp3=107.50

sell stop 105.05 stop loss 105.55

tp1=104.55 tp2=104.00 tp3=103.55

Monday trade setup for eur/usd

sell at current price 1.4560 to 1.4610 stop loss 1.4650

tp1=1.4500 tp2=1.4475 tp3=1.4400


Monday trade setup for gbp/usd

sell at current price 1.8400 to 1.8420 stop loss 1.8510

tp1=1.8340 tp2=1.8285 tp3=1.8205


Monday trade setup for usd/jpy

buy at current price 106.30 to 106.60 stop loss 105.60

tp1=107.10 tp2=107.60 tp3=108.50


Monday trade setup for usd/chf

buy at current price 1.0935 to 1.0960 stop loss 1.0870

tp1=1.1020 tp2=1.1070 tp3=1.1100

Friday trade setup for uer/usd

buy stop 1.4290 stop loss 1.4240

tp1=1.4340 tp2=1.4380 tp3=1.4450

buy limit zone 1.4070 to 1.4140 stop loss 1.40

tp1=1.4300 tp2=1.4500 tp3=1.4800


Friday trade setup for gbp/usd

buy at current price(1.8040 to 1.8070 price zone) stop loss 1.8000

tp1=1.8125 tp2=1.8250 tp3=1.8600

buy limit zone(1.7914 to 1.8000) stop loss 1.7850

tp1=1.8125 tp2=1.8280 tp3=1.8800


sell stop 107.10 loss 107.70

tp1=106.70 tp2=106.00 tp3=105.00

sell limit zone 108.00 to 108.30 stp loss 109.00

tp1=107.00 tp2=105.00 tp3=104.00



Friday trade setup for usd/chf

sell stop 1.1170 stop loss 1.1230

tp1=1.1130 tp2=1.1070 tp3=1.0980

sell limit zone 1.1280 to 1.1350 stop loss 1.1450

tp1=1.1170 tp2=1.0980 tp3=1.0850


ok trader trade with ur own risk.All the best;)

Thursday trade setup for eur/usd

Sell stop 1.4450 stop loss 1.45

tp1=1.4400 tp2=1.4350 tp3=1.4300

Buy stop 1.4555 Stop loss 1.4505

tp1=1.4600 tp2=1.4625 tp3=1.4650


gbp/usd 4h


Thursday trade setup for gbp/usd

Sell stop 1.8200 Stop loss 1.8250

tp1=1.8150 tp2=1.8100

Buy stop 1.8280 Stop Loss 1.8230

tp1=1.8330 tp2=1.8380 tp3=1.8440


Thursday trade setup for usd/jpy

Buy stop 105.00 stop loss 104.50

tp1=105.50 tp2=106.00 tp3=106.50

Sell stop=104.00 stop loss 104.50

tp1=103.60 tp2=103.10 tp3=102.90


Thursday trade setup for usd/chf

buy stop 1.0980 stop loss 1.0930

tp1=1.1030 tp2=1.1080

Sell stop 1.0880 stop loss 1.0930

tp1=1.0840 tp2=1.0800 tp3=1.0775

wednesday trade setup for eur/usd

buy stop 1.4275 stop loss 1.4225

tp1=1.4325 tp2=1.4400 tp3=1.44.60

sell stop 1.4060 stop loss 1.4110

tp1=1.4010 tp2=1.3960 tp3=1.3885



Wednesday trade setup for gbp/usd

buy stop 1.80 stop loss 1.7950

tp1=1.8050 tp2=1.8080 tp3=1.8120

sell stop 1.7720 stop loss 1.7770

tp1=1.7660 tp2=1.7585 tp3=1.7460


Wednesday trade setup for usd/chf

buy stop 1.1305 tstop loss 1.1255

tp1=1.1355 tp2=1.1390 tp3=1.1415

sell stop 1.1150 stop loss 1.1200

tp1=1.1100 tp2=1.1050 tp3 1.0935



Wednesday trade setup for uj

buy stop 107.05 stop loss 106.60

tp1=107.55 tp2=108.00 tp3=108.30

sell stop 105.05 stop loss 105.55

tp1=104.65 tp2=104.35 tp3=103.70

Tuesday trade setup for eur/usd

buy at current price 1.4200 stop loss 1.4150

tp1=1.4250 tp2=1.43 tp3=1.4500



Tuesday trade setup for gbp/usd

buy at current price 1.7860 stop loss 1.7800

tp1=1.7920 tp2=1.7990 tp3=1.8120



tuesday trade setup for usd/jpy

sell stop 103.45 stop loss 103.75

tp1=102.95 tp2=102.70

buy stop 104.60 stop loss 104.10

tp1=105.10 tp2=105.50 tp3=106.10


Trade setup for usd/chf

buy stop 1.1160 stop loss 1.1110

tp1=1.1220 tp2=1.1300

sell stop 1.1080 stop loss 1.1130

tp1=1.1050 tp2=1.0950 tp3=1.0880

Monday trade setup for eur/usd

buy stop 1.4190 or buy stop 1.4230

tp1=1.4300 tp2=1.4350 tp3=1.4450 stop loss 1.4100

buy limit 1.4110 to 1.4130 stop loss 1.4050

tp same with buy stop above



Monday trade setup for gbp/usd

buy stop 1.7895 or buy stop 1.7920

tp1=1.7970 tp2=1.8030 tp3=1.8100 stop loss 1.7800

or buy limit at the lower trendline around 1.7780 to 1.7800

take profit same with buy stop above stop loss 50pips


Mondaty trade setup for usd/chf

sell limit 1.1270 to 1.1290 zone

tp1=1.1240 tp2=1.1190 tp3=1.1035 stop loss 1.1350


Monday trade setup for usd/jpy

buy stop 106.10

tp1=106.60 tp2=107.35 stop loss 105.50

sell stop 105.00

tp1=104.50 tp2=104.00 stop loss 105.50

the beautiful pattern on cable,this signal has been post on 17november 2007 u can see the prove at the archive..2.1000 to 1.74=pips?????just wanna show the truth pattern and the fact about price pattern and natural live have a relationship.

the life philosophy like the wheel,always up and down like a ball bounce toing toing till the goal keeper,then the goal keeper pass to the player around.

In the market field,forex rate up and down at the certain point we declare as a support or resistance level,that's is the basic in trading,while the combination support and resistance has created the pattern.whatever u do,the king is knowledge,and nobody know the truth till they felt and see by themself;)

Hello trader,

sorry coz not update my blog signal in july.now i wanna start again with pair gbp/usd only..

when look at 1hour chart above,thats the best chance for waiting breakout,pay ur attention at the trendline...

i would like to combine with daliy chart gbp/usd..


an immediate temporary support should recover cable to bounce toward 1.90 price zone.....
only a breakout 1.8535 should resume cable to the downside

my trading setup this week for gbp/usd

buy 1.8650 stop loss 1.8535 tp1=1.8820,tp2=1.8950 tp3.1.9050

Good luck trader my signal valid untill the price zone hit stop loss or take profit 2 and 3...

Tuesday trade setup for eur/usd

buy stop 1.5910 tp1=1.5940 tp2=1.6005 tp3=1.6030 stop loss 1.5850
sell stop 1.5830 tp1=1.5800 tp2=1.5770 stop loss 1.5880


Tuesday trade setup for gbp/usd

buy stop 2.0040 tp1=2.0070 tp2=2.0130 tp3=2.0150 stop loss 1.9970
sell stop 1.9970 tp 1=1.9910 tp2=1.9880 tp3=1.9850 stop loss 2.0040


Tuesday trade setup for usd/jpy

sell stop 106.40 tp1=106.00 tp2=105.50 tp3=104.70 stop loss 107.25
buy stop 107.25 tp1=107.65 tp2=107.90 stop loss 106.80


Tuesday trade setup for usd/chf

buy stop 1.0215 tp1=1.0245 tp2=1.0255 tp3=1.0275 stop loss 1.0170
sell stop 1.0170 tp1=1.0140 tp2=1.0120 tp3=1.0040 stop loss 1.0220


tuesday trade setup for eur/gbp

buy stop 0.7950 tp1=0.7970 stop loss 0.7920
sell stop 0.7920 tp1=0.7900 stop loss 0.7950

Monday trade setup for euro/usd

buy stop 1.5890 tp1=1.5940 tp2=1.60 stop loss 1.5840
sell stop 1.5830 tp1 1.5780,tp2=1.5760 stop loss 1.5880


monday trading setup for gbp/usd

buy stop 2.0005 tp1=2.0060,tp2=2.0130 stop loss 1.9960
sell stop 1.9900 tp1=1.9850 tp2=1.9800 stop loss=1.9960


monday trade setup for usd/jpy

buy stop 107.25 tp1=107.70 stop loss 106.75
sell stop 106.30 tp1=105.85 stop loss 106.80


monday trade setup for usd/chf

buy stop 1.0270 tp1 1.0300 tp2=1.0330 stop loss 1.0240
sell stop 1.0180 tp1=1.0150 tp2=1.0130 stop loss 1.0210

thursday trading setup for eur/usd

sell stop 1.5680 tp1=1.5660 tp2=1.5630 stop loss 1.5710
buy stop 1.5770 tp1=1.5790 tp2=1.5825 stop loss 1.5740


Thursday trading setup for usd/yen

no trade.dollar yen still haunted in the trendline.its posible sideway inside.only 1candle closing above 108.0 will trigger buy position and below 107.50 to trigger sell position


thursday trade setup for gbp/usd

buy stop 1.9760 tp1=1.9790 tp2=1.9840 stop loss 1.9730
sell stop 1.9710 tp1=1.9690 tp2=1.9660 stop loss 1.9740


thursday trade setup for usd/chf

buy stop 1.0360 tp1=1.0390 tp2=1.0415 stop loss 1.0330
sell stop 1.0305 tp1=1.0285 tp2=1.0230 stop loss 1.0335



thursday trade setup for euro/pound

buy stop 0.7970 tp1=0.7990 stop loss 0.7940
sell stop 0.7940 tp1=0.7920 stop loss 0.7970