Yesterday is truly the craziest day in the stock exchange history. It’s only happen about half-hours which began shortly after 2.p.m ET and the Dow plunge nearly 1000 points (S&P 500 plunge nearly 100 points) before up again to pare its losses. And all of these seems triggered by a trader error who entered a billion instead of a million for his trade. There still further investigation for this market volatility.
As we can seen together, yesterday is one of the biggest market drops in a day in history. The biggest one day percent drop in history was 22.6% in October 1987. Read more…
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Euro continuing its negative trends. This week Movement confirmed the downtrend trend that already formed before. Risk aversion spreads and pessimism surrounds the markets. The European currency cannot take a break. EUR/USD fell further and posted a fresh 12-month low at 1.2934. Viewed from the weekly chart, chart of EUR / USD break through its uptrend support line. So the next price level that can hold the movement is the next support at 1.2547 level.
Read more…
We frequently heard “Buy on October, Sell on May and go away” senteces, right? I think all of you who bought stock on October 2009 and hold until today, you’ll gain some significant income. Entering May, we’ll need to be aware. Based on Stock Trader’s Almanac 2010, “Disaster area May/June” between 1965 to 1984 with S&P down 15 times from 20 of May month. But between 1985 to 1997, May is one of the best month in a year with 13 up in rows (average 3.3% every year), after that it up 6 times, and down 5 times. $10.000 investment will grow to $464.305 if we always buy on November and sell on April in 59 years, compared to loss about $1.988 if we buy on May and sell it on October.
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Yesterday is a very fortunate day. I traded just 1 buy and only place sell position on EUR/USD. The result is so good. Just 1 single loss from 13 trades. My win percentage now slightly up heading to 80%. Hope it will keep increase from time to time.
So. This is why i only place sell position yesterday. There are some very clear and good signal on the chart. Read more…
Bullish scenario on EUR/USD like what i wrote in my last post didn’t happen. It keep declining into the last support line. The crucial point right now is at the support line on weekly chart and the daily chart
Weekly Chart
Can’t you see the uptrend support line on weekly chart? if this support line broken, the downtrend will continue Read more…
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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
Yesterday currency movement was so interesting. I noticed some large downside movement on EUR/USD. I think the bearsih signal on EUR/USD already shown since beginning of December. I also already posted it on my blog. Ok…. Let’s review USD Dollar one more.
Read more…
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…
