Vendy's Journal of Life

Forex Trade

After down about 2 month without rest, it seem EUR/USD on consolidation right now. From the movement pattern, there is more probability to be bullish for a while, even i think not to much. Honestly, i don’t like this situation, because i have to play fast on this non trending pair. There are not too much important economic data will be realeased this week, except Unemployement Claims on Thursday & Retail Sales on Friday.

Stock Market Trade

Stock Market continue to rebound into it’s previous high on 1148.  S&P 500 index gapped up and closed higher on Friday following a favorable jobless report released earlier on friday. (continue reading…)

Ok…. Let’s continue our lesson on Forex. What is the difference between traditional currency market and modern traditional currency market?

The Differences between Traditional and Modern Forex Market

What we called traditional forex market here? It’s money changers. If you ever go abroad, you’ll familiar with money changers. In money changers, you can convert a currency to another currency, example US Dollar to Japanese Yen. (continue reading…)

I will continue about my investing & trading lesson. After you understand the risk i explained in my previous post, the first thing you must learn is about the basic knowledge. Ok…. I will start with Forex. Why Forex? Because, it kinda easy to understand.

Forex Market

Forex (Foreign exchange) market is the oldest market in the world. Forex Market also known as largest market in the world. The market working 24-hours a day from monday to friday. Beside the the largest, forex market is the highest liquidity.

Make Money on Forex

The concept about how we make money is very easy to understand. Just imagine how you buy Dollar / Euro currency on bank / money changer. If you buy dollar when the price is low and sell it when the price is high, then you’ll make profit. If you do the opposite, then you’ll lose money. The difference between what price you bought and what you sold is your profits / losses. (continue reading…)

I’ve been so busy recent days. I’ve to prepare a lot of thing for my new website. For today i want to share you a tips. You’ll often see similar/related post in the end of my post, right? This related post is a powerful tools to make your visitor stay longer on your website. So, how to add this feature on each post of our blog? The answer is quite simple. Just use plug in. Ok… here is the installation instruction :

Installation Instructions

1. Click PlugIns on your Wordpress Admin Area.
2. On Search Editbox type Wordpress Related Post and click Search Plugins.
3. Install it and then activate it. This will automatically add a new table to enable fast, flexible full-text matching. If the plugin reports that there was a problem creating the table first try deactivating and reactivating the plugin.
4. Use the admin Settings|Related Posts pages to set all the available options.

That’s just it….

Here the update of Shaun Stenning’s Twitter Cash Machine program. This week, Shaun have a plan to release twa.lk 2.0 (updated version of his software). This software seems have a big changes and i will follow his webminars this thursday. Some of users joined twa.lk 2.0 trial program said that they already made $129 just in few days using twa.lk 2.0. Hmmm…. seems promising. Some features of the new software include the correlation of the program with our own domain. seems there will be some twa.lk plugin in our wordpress, so we don’t need to log in to twa.lk website anymore

Crazy Day. Yesterday was really really crazy. Currency surge unexpectedly immediately after the news of the debt crisis in Greece. I suffer some losses yesterday on EUR/USD Trade. This is the use of stop loss in our software platform. It’s very important to limit our losses. There is a quote said “Keep your limit small, and let’s the profit grow”. Yesterday, EUR/USD move 140 pips in just 25 minutes. Really sensational movement. Usually EUR/USD need 1 day to move 140 pips. That’s why i say it’s crazy

(continue reading…)

Index seems to hold enough from wave of selling this Friday. But the chart seems to form a pattern that has the great potential to bearsih although still possible for a rebound.

S & P 500 has to pass through support in 1030 if the Bears want to win the battle (continue reading…)

Sorry, this time i have to write this review in Indonesian Language, because what i’ve read is a Trading Book that written in Indonesian Language. So i think the possible reader of this book must be Indonesian people too. So i think it will be useless for non indonesian people to read this review. Some days ago i’ve go to book shop and i saw a interesting book with title “Squash Games Theory” that written by Zulfikar MS. This is the cover.

(continue reading…)

Just exactly like i predicted, EUR/USD slide down again. I think the EUR/USD still on downtrend, but beware of profit taking by speculators which can cause an oversold rebound. I don’t think buy position is a good idea for this condition, but i just give some posibble scenario that can occur. Let’s see the chart

On the chart, we can see that based on fibonachi retracement, there is a possibility that EUR/USD will bounce for profit taking before continute to sink again. I still love sell position, but i think we must trade more carefully on this oversold market like this. Trade small position or play scalping is a good idea for now.

Some event to noticed today are : Non-Farm Employment Change (USD) and Unemployment Rate (USD).

EUR/USD Trend :

Long Term : Bearsih

Mid Term : Bearish

Short Term : Oversold

Happy Trading for you all.

Forex Trade

Dollar soar again yesterday. Luckly I still have short position on EUR/USD for long term. I still make a good profit yesteday, and I already covered some buy position today. It’s seem sentiment EUR/USD back to bearish mode. Some event & data I noticed to be influence the EUR/USD movement today are : Minimum Bid Rate (EUR), ECB Press Conference (EUR), Unemployment Claims (USD) and FOMC Member Hoenig Speaks (USD).

We have a support from last low @1.853 on EUR/USD. Can this support hold the downtrend wave of EUR/USD. I still prefer my last week view. Sell on any rebound on EUR/USD

(continue reading…)