Follow up my presence on the forex seminar i attended 4 days ago, i already trade using Hayabusa Scalping Technique for my trade since the seminar. So until today, i have been trying Hayabusa Scalping Trading Technique for 3 days. Hmmm… i still don’t understand what’s wrong in my trade because my perfomance doesn’t run to good. I still have a lot of wrong trade and i must hedge several position i’ve entered. For that, i decide to keep my trading journal here to keep remind me whats wrong on the trade. As i learned from theseminar, the rules of this trading technique are :

- Only Long when all secundo channels is upwards

- Only Short when all secundo channels is downwards

Entry Rules :

- Enter long/short at retracement of at least 2/3 line

- Use Pivot Support Resistanceto support the decision

- Wait until the appearance of Cross and Arrow marks from Strong Reversal Indicator

Here are my result trading using Hayabusa for 3 days :

Day 1 (27 September 2010)

There only couple of hours when all secundo channels were downwards. I mark it with yellow color box on the chart. After that, i waited for the signal (correction on 2/3 channel) to enter position. I got 3 signal that day. I mark them on the chart with number 1,2 and 3. The result are good.

Trade 1 : Profit

Trade 2 : Profit

Trade 3 : Profit, But if you place SL (Stop Loss) parameter to tight, you’ll got loss trade here. Unless you enter position when it corrected to the 3rd channel

Day 2 (28 September 2010)

There are two period when secundo channel is upwards / downwards on that day. The result for this day are :

Trade 1 : Loss

Trade 2 : Profit

Trade 3 : Profit

Day 3 (29 September 2010)

No signal on this day. So no trade at all

Day 4 (30 September 2010)

There are two period when secundo channel is upwards / downwards on that day. The result for this day are :

Trade 1 : Profit

Trade 2 : Profit

Trade 3 : Loss

Trade 4 : Profit

Trade 5 : Loss

My First 4 Days Trading Journal using Hayabusa Scalping Technique is a post from: Vendy's Journal of Life

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Yesterday, i attended Forex Hayabusa Scalping Trading Seminar held at Graha SA, Surabaya.  It’s not a preview seminar like the other seminar i usually attend. The seminar run about 3 hours. The cost for that seminar quite reasonable (about 300,000 IDR, worth of $33). And this is one of a worth to come seminar especially if you are forex trader. The seminar is not for beginner. If you don’t have any experiences in Forex Trading, you’ll be totally confused to everything the teacher said in the seminar. The seminar teached by Secundo Lee who come from Singapore. Secundo Lee is an independent trader who already trade for living to fulfill all of need of his daily life. Originally he is from Jakarta, but right now he live in Singapore. He is the founder of Forex Trading group called fxpod. Unfortunately i come late to this seminar. Fortunately, the seminar have not run  too long when i came.

When i came, Secundo Lee already explained about Secundo Channel that he usually used for scalping trade everyday. Secundo Channel is one part of Hayabusa Scalping Trading Technique. And he said that 50 % of profit he make everyday come from Hayabusa trading system. It’s very interesting technique. After that he also explain about the smart hedging strategy. I have been trade forex about almost 2 years, and didn’t understand about this. So ashamed of me… I already tried 1 position using Hayabusa Scalping Strategy today and already make profit from that. I’ll try this system in my demo account about a month before implement it to my real account.

Beside explain about Hayabusa Scalping Trading, Secundo Lee also revealed some of other advanced technique he usually used. I amazed with several indicator and EA (Expert Advisor) he developed like Chartist EA, Shadow Indicator, Secundo Wave, Composite. All of this advanced technique was not teached in the seminar. He offers a 2 day workshop (cost about 6,000,000 IDR, worth of $666), if we interesting to learn more about other Forex Advanced Trading Technique. Honestly, i am very interest to the workshop, but i can’t attend the workshop because it will be held two days again (29-30 September 2010). I have something to do on that day. Maybe in the future i will attended his Workshop if possible.

My conclusion is his workshop worth to attend. Secundo is not a type of people who training for living like other seminar guru i already attended before. So in my opinion, come to his seminar (even only 3 hours) with only IDR 300,000 cost is worth it, especially if you are Forex Trader who want to learn more about forex trading technique.

Attended Forex Hayabusa Scalping Trading System Seminar is a post from: Vendy's Journal of Life

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Some people asked me. Why there is no post about trading anymore in my blog? Do I already stop trading? The answer is BIG NO. Yes there are several reasons why I never write article or analysis about stocks, forex and options trading in my blog recently. First I have a plan to create a separate website specifically to discuss about investing and trading. I purposely made it like this because if i write all my posts in this blog, the contents of this blog will not focus to a particular topic. The visitor who does not understand about trading would be confused to read the articles about trading. Meanwhile, traders who want to read the articles about feeling a little disturbed with posts that had not related at all with trading. So, therefore for the future, I will just write something about my personal life experiences, blogging tips, and collections of motivational articles in this blog.

More Focused Topic in this Blog is a post from: Vendy's Journal of Life

Bull still dominates the stock market last week. S&P 500 Index broke out above the upper trendline defining the falling wedge technical pattern. This should be a good signal to buy stock again. But i still aware of the volume on the buying. Buy signal can’t be confirm completely without confirmation of high volume on breakout. Let’s see the chart of S&P 500.

There are two perspective here. For the bull, we see double bottom and a broken falling wedge pattern. But if we see the longer timeframe, we can see that S&P 500 form a Head and Shoulder pattern. So the January high could be potential resistance for the index.

Now, let’s see from fundamental view. Based from Beige Book, the Fed still considers that the growth is slow. Nearly all economic indicators are showing improvement, but still not much.

Here some economic data.

There are positive growth in Housing and Construction, National Output and Inventories (especially Durable Goods Order, Industrial Production). ISM Manufacturing Index still above 50. It’s a good sign. Unemployement claims missed the forecast but still below previous month.

EUR/USD follow the stock market movement. It keep advance to higher level. It’s already broken the darvas box daily chart.

What i do in the Market :

On options, i will reconsider  to place some bullish vertical spread with tight stop loss. On forex, I still bullish on EUR/USD, but right now EUR/USD kinda overbought. So i prepare for the downtrend.

Weekly Analysis : Bullish Bias on Market is a post from: Vendy's Journal of Life

Life can’t be separated with a thing called money. Some experts even said that 90% of divorces are rooted in financial problems.

There are six warning signs of financial problem based on Federal Deposit Insurance guidelines

• Loan payments, excluding mortgages, but including credit card charges, take up more than 20% of your monthly net income.
• You are close to, or surpass, your credit card limit.
• You must borrow to make payments on existing loans.
• You only pay the minimum amount on your bill.
• Lack of money is forcing you to pay bills late or postpone doctor’s visits.
• You must work overtime, or take a second job, to cover basic living expenses.

So…. Do you have a problem on list above? If you do, that means that you have financial problem

If you continue much longer on your present path, not only will you never achieve financial freedom, but financial ruin lies ahead. 23 percent of survey respondents said they won’t do anything differently, even if the economy continues to weaken. Hoping for the best isn’t a strategy. Many people are dangerously close to financial disaster!

So…. What you really need to do is changing your way how to making money to solve your financial problem. Have you read Robert T Kiyosaki’s Rich Dad Poor Dad ? If you haven’t i recommend you to read it. This book is one of my first book that really open my mind about financial freedom. Ok… From what Robert T. Kiyosaki said, there are 3 ways to make you rich enough to achieve financial freedom. Almost all of top 100 the richest people in the world make money using these 3 ways. What are they?

- Real Estate and Property

Robert even teaches us how to make money by buying property without any money. But that method can’t implemented to each country, because the credit interest rate in each country is different. But there some method to buy propety without money if you be more creative.

- Stocks, Options, Forex Investing and Trading

Warrent Buffet is one of people who getting very rich by doing this way. The disadvantage of this way is it need quite a large of capital to do. You also need to master very good financial and trading skill before can make some consistent profit from this field. The most dangerous part of this field is the risk of losing all your capital. If you don’t really understand about this, i don’t recommend you to jump in.

- Build Business

The most way which used by people to achieve their financial freedom is building a business. By building a business (not professional job or self employee), you really can achieve your financial freedom. Because of the advance of technology currently, i can divide this field into 2 parts. They are offline business and online business. The disadvantage of offline business is its need a lot of capital to do and the risk is quite big. What i try to build now is the other one, which is online business. Online business means that you built your business in the internet.

For now, i still works on second and the third one. Hope in the future, i can works the first way (Real Estate and Property) too…

Three Ways to Make You Rich and reach Financial Freedom is a post from: Vendy's Journal of Life

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This May 2010 was recorded as the second worst May in the history of the stock market (The first is May 1940). The Dow was dropped almost 8% (7.9% exactly). Trader error and downgrade of Spain’s debt rating were the two most shocking thing happened this month. Escalating tensions on the Korean Peninsula triggered a flight from riskier assets.

One of big concern all investor see is the impact of a second slowdown in the global economy. Mark Matthews, equity strategist with Macquarie Capital Securities, tells that European banks will incur large losses on the loans they have extended to peripheral economies in Europe.

Based on the chart above, we can see that a major threat of second recession seems real. I don’t know how big the european debt problem will impact to the global economy.

Honestly, right now i have some put position on stock. The stock movements seems will be more volatile this week. Because i learned new technique (calendar spread) on option,  I reconsider to start scanning some candidate for calendar spread position.

On Currency market, euro slipped again today, showing its continued vulnerability to a broader sell-off on fears that the region’s sovereign debt problems could spread to the banking system. From the chart, we can see that EUR/USD already broken the previous low.

The above chart is H1 Chart, as you can see the support already broken. And the question is how low can EUR/USD go?

Let’s check the Monthly Chart of EUR/USD.

The support line already broken last week, the next potential target can be on 123.6% fibonachi level (the same level as previous low hold @1.6190). I trade full only sell position on EUR/USD today. I got some losses because i place the stop loss to close from the open price, but the total result of this day still good.

Just wish you all good luck in this new month. Happy Trading for all

Second Recession is coming? is a post from: Vendy's Journal of Life

The threat of Europe crisis is coming and spreading… Investors responded by doing panic sell on stocks all arround the world. U.S. consumer confidence does not seem have positive impact to the market today. Whereas U.S. consumer confidence rose for the third straight month in May to the highest in more than two years as concerns about the labor market continued to ease. Index of consumer attitudes rose to 63.3 in May, the best level since March 2008, from a downwardly revised 57.7 in April.

Euro Currency freefall continues. Today the exchange rate of euro against U.S. dollar reached 1.2175, almost touch previous low @1.250.

I only traded 2 times today. Both trades are sell position in EUR/USD. The result quite good. It’s 18 pips profit

Recent days, movements in American stock market were little affected by the sharp sell-off in U.S. stock markets early in the month and growing fears about European debt market turmoil. S&P 500 today will test support line (previous low) @1050. If this support line broken, than there a large possibility the bear will continue.

All indicator shown a bearish signal on the market. I myself don’t have any long position right now. And I have been watching some stock candidate to short. I choose stock which have high P/E among others. Here the highest P/E from Dow component

Be careful of your position and happy trading all….

Consumer Confidence soar, but Euro & Stock continue to slide… is a post from: Vendy's Journal of Life

As I had on my earlier post, May is not the time for holding the position of buy / hold on the stock. Research based on the seasonality Analysis of Stock Trader’s Almanac proves that the strategy of buying stocks in October and sold it in May proved to generate much larger profits than we apply the buy and hold strategy (ala Warren Buffet). I myself have been holding PUT Option positions in the shares. One of mine is the stock AAPL (one of my favorite stocks). Here is a chart of AAPL

It is interesting to see what will happen the next few days. The crisis that hit Europe and the continued fall of the euro currency to the dollar triggered panic selling on the market. Taking advantage of this moment, it’s good if we took a little profit from it. Good Luck everyone. Happy Trading

Apple ohhhh Apple… Let’s make profit on it is a post from: Vendy's Journal of Life

What a crazy weeks. I kinda shocked to what happened in the market recent days. After suprised with 1000 point drops of Dow Jones Index, today i suprised again with the news of $1 trillion package to save euro. Both Currency and Stock move like roller coaster. It’s up and down severely. The best strategy to used in this situation is the follow the first big wave movement and take profit after it reached decent profit. I used this in forex market.

The first big wave of EUR/USD is a buy position. The result i get is not that good. I made 2 losses and the profit couldn’t covered the loss. But the second signal of big wave come again. It’s sell position on EUR/USD. My first trade is bad trade, but the rest are good ones.

Let’s see the EUR/USD Weekly chart right now :

As i mentioned in my previous post, EUR/USD support line will be at  1.2547 level. And it really rebound after touched that support line. The question right now is where the EUR/USD will go? There is 2 possibilities. Both of them is a downtrend scenarios.

On Daily Chart :

Chart on downtrend chanel, and it’s still on bearish mode. Personally, i prefer to take only sell position on EUR/USD right now.

EUR/USD back to selling mode :p is a post from: Vendy's Journal of Life

The European Union spearheaded a $1 trillion plan Monday to contain Europe’s spreading debt crisis and keep it from tearing the euro currency apart and derailing the global economic recovery. Central banks around the world joined the coordinated effort to prop up the euro and repel speculative attacks against Europe’s weakest countries. The European Central Bank buying public and private debt to shore up liquidity and lower borrowing costs. Many investors, rattled for weeks by the prospect Greece would default on its mountain of debt.

The euro climbed and break 1.30000 level. There is no signal to turning down at all until now. Just buy and you’ll make profit today. I already make profit from 4 position by buying EUR/USD today. But 1.3114 is a resistance to test for the bull to dominates the market. Let’s see what happen in the next hours.

This news have a positive impact to the stock market. All European markets jumped higher  (up more than 3 percent). Meanwhile, Dow Futures already jumped more than 300 points (more than 3%) before market open.

Because of this volatily, the stock & Options spreads right now is very wide. It’s very interesting to see what will happen in this kind of situation. Just be careful to trade. Happy Trading all…

$1 trillion package to save Euro. Buy Euro on this madness is a post from: Vendy's Journal of Life