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
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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.
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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
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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. Read more…
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. Read more…
In my previous post, i already made a tutorial about how to Open Account on Optionsxpress. And now, here i want to share with you how to open account on Think or Swim (it’s known as TOS). This broker has a lot of advantage than Optionsxpress. So if you already decide to trade with real money, i recommend this broker to use. Most of the time, i use analysis and trade using TOS Desktop (TOS Software).
So why we have to play in TOS? What is the advantage? Read more…
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Merry Christmas to all of you. In couple of days, we will leaves 2009 year and enter 2010. On christmas, we usually spend our time with our family to fill it with joy and happiness together. This christmas, i can’t spend my time with my parents because of my busy schedule of activites. So sad…..
Let’s back to my topic. If you don’t what about the topic is, it still about investing & trading. What i want to tell now is about Santa Claus Rally. Santa Claus Rally believed as one of most consistent seasonal pattern in a year. Read more…
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Q4 Rally (Rally on Quarter 4 between October – December) on US Market known as the most consistent rally based on seasonality. Why this happen? Logically, this trend can be explained. As we know every end of September, American people celebrate Halloween. After halloween, they will celebrate Thanksgiving. After thanksgiving there are Christmast and New Year in the end of the year. From these event, we all know that consumer spending between these 4 months is bigger than other common months in a year. So of course it’s not strange if we always see good uptrend movement on Q4. But as we know, Q4 Rally didn’t perform too good this year
Let’s see last chart of S&P 500. Read more…
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Many of my colleagues ask me similar question like this “How you can make money on Stocks? How you trade online?” It’s a simple question. But seems, there still lot of people out there who don’t know where they have to start if they want to trading online. For you who totally blind about this field, first i recommend you to understand how the risk investing / trading stock/option/forex/futures/CFDs. The most important thing you must understand is you can loss all your money if you don’t have the correct trading mindset. So the first step to decide you want to enter this field or not is you know the risk and you can afford for the risk. If you ready for that, you can step to the next step. The second step is to learn the basic about investing & trading. There are lot of free knowledge about this in the internet. You also can buy some books about this in the bookstore. I will not explain about this on this post. If you already know about the basic, the third step is to open account on brokers.
For stocks & options, i reccomend 4 online brokers i’ve already tried. They are Optionsxpress, Interactive Brokers, Think or Swim, Tradestation. Some people recommend E*Trade, but i haven’t tried it yet. As i hear last year, this broker didn’t accept Indonesian Trader. That’s why i don’t registered to them. I don’t know how the rule for now. Maybe if i already tried, i will share with you here.
So. From this post, i want to give you a tutorial about how to open account on one of the online brokers i recommended, Optionsxpress.
Read more…
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