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…)

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…)

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

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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…)

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…)

US Stock Market Trade

After about 2 weeks decline, finally S&P 500 closed up yesterday. We enter February with a good start. On 2010, S&P 500 started from 1115.10 and the January close was 1073.83. So there was a 41.27-point decline. I still sense some downside movement on the market. But i’m not sure what will happen in the next few days.

Let’s see what happen on the chart. I checked my intraday chart. I’ve found a pattern like this.

It’s very interesting to see what happen today. If market down again today, it’s likely the market will continue to go down.

If it can breakout the resistance line, the story will be totally different.

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…)

Forex EUR/USD Trade

Today gonna be interesting. Today there several important data will be announced.

EUR : 02:00 pm – German Final CPI m/m (M)
EUR : 05:00 pm – Industrial Production m/m (M)
EUR : 07:45 pm – Minimum Bid Rate (H)
EUR : 08:30 pm = ECB Press Conference (H)
USD : 08:30 pm – Core Retail Sales m/m (H)
USD : 08:30 pm – Retail Sales m/m (H)
USD : 08:30 pm – Unemployment Claims (H)

Notes : H : High Impact, M : Medium Impact, L : Low Impact. Timezone = GMT + 7

(continue reading…)

Do you ever heard your friends, families, colleagues said the they got bankrupt after play in Stock, Option or Forex Market? I am sure you frequently hear that, maybe dozen of times, maybe hundreds of times. It’s really true. There some theory said that 90% trader loss in this world. I don’t know exactly is this number really true or not. But the fact about the amount of unsuccess trader much greater than successful one is really true.

I found some interesting stories in the largest forum community in my country, kaskus. In thread posted by acangz, there is a discussion about people experiences after knowing forex trading. Most of them ever got bankrupt. I translated some of these stories in English. (continue reading…)

From today, i tried to post some basic knowledge about investing and trading. This is usefull especially for them who don’t know too much about investing and trading field.

I already attended couple of trading seminar workshop in my country. Average fee of the workshop is about $800 – $2000 here. I’m sure it’s must be more expensive in the other country. And i am totally disagree about this price actually. Why? Because what they teach to us is only the basic. We can get all the material from books or the internet easily. It’s impossible to master this field in just couple of days workshop. (continue reading…)