Vendy's Journal of Life

seems eur/usd fail to form a flag pattern on yesterday weakness. so the bullish pattern is not going to occur like what i said before. But the chart itself still try to build some basis for uptrend movement. so for short term, it’s better waiting a clearer signal to enter position.

I sense some bullish sentiment on EUR/USD last week. Honestly, i don’t have any idea where exactly the market will move for this week. Because in long term EUR/USD still on downtrend, but from what the pattern formed it seems there is a great possibility that EUR/USD will continue to rise.

The first signal is the chart start to move above SMA 30, SMA 100 and it temporarily break SMA 200 before it back. The second signal is the chart break out the resistance channel shown in the picture above. And there is a possibility that the chart will form flag pattern. If this currency pair refuse to go down and form a flag pattern, there is a great possibility that the bull is coming soon.

Happy trading all…

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…)

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…)

For you who follow EUR/USD movement, it’s seem clear enough to make sure that the downtrend signal on EUR/USD already confirmed. I personally already take sell position on EUR/USD since last week. Today, when i am browsing on currensee, i found some interesting statistic. Most of traders have long position on EUR/USD and still hold them with floating loss. Here is the data :

(continue reading…)

Forex Trade

Dollar continue to rise, and I still hold my sell position on EUR/USD (already make more than 100 pips profit). Like what i said in my last post. There should be large probability for trend change. I am holding sell position for long term and playing short term mostly on sell side.

(continue reading…)

I got sick on saturday. On monday, my brother was sick. From monday to yesterday, i must take care of my brothers because his sick kinda serious. Yesterday, my brother finally have to entered hospital because of 2 desease : typhus and dengue fever. That’s why i can’t post anything recent days. Just hope my brother get well soon.

For you who trading forex, if you follow my trade on my last post, i am sure we already have a very great party. is that right? hahaha. EUR/USD continue to down and down again. Very nice.

What i pay attention now is the long term trend on EUR/USD. Do the long term uptrend on EUR/USD finally over and time to down now? Look on this weekly chart

Still need more confirmation to make sure the trend really changing. But for now, i still prefer trade sell position on any rebound in EUR/USD.