EUR/USD seems refuse to go down further. From my perspetive there some bullish sign on EUR/USD.

From Daily TF, the chart already break out downtrend resistance

Meanwhile on H4 TF, the chart form double bottom pattern

USD/JPY

Japanesse Yen weakened against all other major currencies after friday’s industry report said that U.S. companies increased the number of workers for the first time since January 2008. “Related to the increasing global economic outlook and investor sentiment becomes normal, the money will be moved from low yield to high yield,” said Daisuke Ueno, chief Gaitame.Com Research Institute Ltd.

USD/JPY still on uptrend. It’s up… up…. and away. A correction will be good opportunity to enter long position again

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 04:00 AM to saturday 04:00 AM (my time is GMT+7). Because of its large volume of transactions every day, forex market is the highest liquidity of all the financial market. Read more…

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on H4 TF, EUR/USD already break it’s uptrend support. can the 1.3452 support level hold the movement? if it also broken, then the downtrend will likely continue. Read more…

This is an example of good risk/reward trade for today on EUR/USD

Just place Stop Loss below support…

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. Read more…

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.

Read more…

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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.