This blog is totally free forex guide for forex trader. If you are forex newbie, it is very useful for you to read from beginning. If you are forex trader you can try my indicator. I also welcome you to discuss with me about your indicator. I was indicator tester and only recommend you the best. You can email me at : lumpakis@yahoo.com
Thursday, November 27, 2008
GU tips on 27 Nov
Hello trader, it was 11.07 pm (+8 GMT) and it was really dark here. I just enter three position on EU, GU and GJ today. It seem i have some red pips today but i guess i can recover that lose in my win position since we know that we can't tame the market. Ok.. Let discuss on my GU chart above. Since my channel resistance have been break we can see new trend to GU. It continue uptrend untill my STOCH, RSI , and CCI show overbought in all side. In these chart we can see double top with doji candlestik have been form in this chart.
So i expect there is another minor trend changes to downtrend to GU for another 300 pips. So i was enter my long term into short position. I wish i can tame the market now.
That's all for today and happy trading..
Monday, November 24, 2008
Currency News
You can find out currency news at www.forexfactory.com . Some news have low impact on currency but some news have big impact on currency. Sometimes news can make currency rally 300 pips within 5 minutes. For me, i always stay out when the news are out. News is a good indicator. Make it useful. :-p.
Happy trading
Happy trading
Today analysis 24 of Nov
Today, GU have break my channel resistance and it will continue to 1.5080 my first resistance. Any break at this resistance will head GU uptrend except there is bad news on sterling and good news on dollar.
GJ have try three time to make downtrend test low bottom at 138.92 but the trend cannot goes any lower than this 4 year lowest bottom. If this support have been break, we will see downtrend on GJ for another 1k pips. GJ show uptrend in my tf4 hour chart. There is a possiblity that this currency heading up this week except there is bad news that make the trend reverse. My long term target for GJ is at 146.28.
Trading in EU pair today is very profitable. It crossing my channel resistance where now it heading to my new resistance at 1.2849. There is a possibility that the EU cannot crossing daily resistance at 1.2758 since the stocash have shown overbought in tf15 chart and this resistance can make the market goes down again. So watch out the resistance breakout but my long term target still 1.29.
Happy trading.
GJ have try three time to make downtrend test low bottom at 138.92 but the trend cannot goes any lower than this 4 year lowest bottom. If this support have been break, we will see downtrend on GJ for another 1k pips. GJ show uptrend in my tf4 hour chart. There is a possiblity that this currency heading up this week except there is bad news that make the trend reverse. My long term target for GJ is at 146.28.
Trading in EU pair today is very profitable. It crossing my channel resistance where now it heading to my new resistance at 1.2849. There is a possibility that the EU cannot crossing daily resistance at 1.2758 since the stocash have shown overbought in tf15 chart and this resistance can make the market goes down again. So watch out the resistance breakout but my long term target still 1.29.
Happy trading.
Thursday, November 20, 2008
Did you see what i see? :-p.
All trader... Watch out for GJ daily chart cos it may continue downtrend if horizontal resistance break. The descending triangle have been form at daily chart for today, for long term trader you, wait for the pure signal to enter your entry. If break, set you tp at 2000 pips.. hehehe yum yum..
Waiting for long entry
Good morning everyone, it is 6.23 am ( +8 GMT ). It seem that the downtrend have decline the uptrend movement for 4 hour after the candle break the support. It is about 81% retracement and it would goes up again if the candle not break the white channel. From we can see, the stochastic and cci chart have shown overbought. So, i was waiting for good long entry from here. There is about 30 minutes for the japan open and asean market can drive gj long.
But the important thing is, patient. :-) Happy trading.
But the important thing is, patient. :-) Happy trading.
Wednesday, November 19, 2008
Will GU or GJ rally uptrend ?
Hai good evening, it was 10.31pm in malaysia.. Today trading give me 451 green pips after some the candlestick on GU, GJ and EU cross my trendline. From my point of view, GU and GJ will rally uptrend after crossing the line. The next resistance for GU at 1.5297, GJ at 150.70 and EU 1.2849.
Happy trading and we meet again for next tips
Happy trading and we meet again for next tips
GJ and GU analysis on 19th November
Hii.. Good morning everyone.. it is 6.18am in +8 GMT Malaysia, so ... this is 1 hour time frame for GJ and uptrend triangle have been from in this morning.. There is a strong resistance at 142.21 and support at 138.92. Now i wait the candle cross the support and resistance to enter my position. There is several speech and news last night that make some pressure to buyer and seller to place their bid. (You can see the time table for important schedule at www.forexfactory.com).
In GU, I also find out that the uptrend triangle have been form. There is strong support at 1.5088 and resistance 1.4893 and i also waiting for these candle cross the resistance.
That all for today.. Happy trading..
Tuesday, November 18, 2008
GJ anlysis 18th November
Hai... good morning everyone. GJ seem want to rebound to bull position after bear rally for 5000++ pips. We can see double bottom at daily chart. The candlestick have cross my bullish channel (white channel) and seem my 3 and 14 moving avarage have cross each other. To comfirm bullish revesall the candlestik need to cross my red channel and both 3 and 14 ma cross the 50 (blue ) ma. It seem the short term trends still showing bearish where my cci and stoch bend down. I was waiting for 147.30 to enter my long position.
Anywere, good luck in trading my friend.
Anywere, good luck in trading my friend.
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