Feb 25 , 2010

Hello Trader' ...
How are you doin ? doin well huh since my last forecast both are givin us now +200 pips and if you still want to hold it, you can..but if you want to take it first, then you can take it now...Why ? It was because i can see any further movement but there is a retracement..Nevermind, now let us see Forex Factory for today events ...
Ok then..So now we have BOE governer King speech for GBP at 1730LT,then we have durable goods order for USD and the most wanted is Unemployment claims for USD ...

So for the GBP governer King speech, it is not more than giving goods for their country since its already Bearish movement over a weekend.

Durable Goods order seems like it is decreasing, but at the same time there is Unemployment Claims for USD where we can see it is decreasing, so then it means it is good for USD and once it is goods for USD it will go Bullish for USD.

Ok that is what Fundamental Analysis..Back then we thru for the Technical Analysis
GBP/USD ..
So then we can see that

Chart pattern : None
Stochastics : Over sold
MACD : Below 0-level
Forecast : Bearish >> the trend is still Bearish since the Trend line (you can see in a red line ) is still pointing down, the thing is its already on the bottom side same as Stoch. So what i can say here is i will trade at 2130LT for the Unemployment claim which i can say it will continue Bearish

EUR / USD
So the EUR/ USD aso same movement as for the GBP / USD

Chart pattern : None
Stochastics : Over sold
MACD : Below 0-level
Forecast : Bearish >> the trend is still Bearish since the Trend line (you can see in a red line ) is still pointing down, the thing is its already on the bottom side same as Stoch. So what i can say here is i will trade at 2130LT for the Unemployment claim which i can say it will continue Bearish

Well then ... Happy trading !!

Feb 23 , 2010

Hello traders' ...
How are you doing ? So then, many sory seems like i am not here for a very long time.. Well i hope everyone will doing the best for trading.
Ok then, lets us see what we got in Forex Factory ...

So, we got EUR German Ifo Business Climate at 5pm LT and Inflation report Hearing at 515pm LT ( ps: LT- GMT +8) .. What I can see from the news is EUR gonna have increasing figures since it wil bring good economic forecast and EUR wil go Bullish during the news. And for GBP just be careful, i can see they will turn back down since yesterday the just in side way movement and suddently Bullish this morning.
Anyway, that just a Fundamental Analysis from me. And let we see the Technical Analysis from my own Custom Indicators

GBP/USD

Chart Pattern : None
Stochastics : Overbought
MACD : Round Top -Still above 0-level
Forecast : Bearish >> Confirm by cross the overbought level , Red Big Ball appear and MACD change below 0-level


EUR/USDChart Paterrn : Previously it has Double-Bottom and already expired since it already breach the neckline.
Stochastics : Overbought , tend to Bearish need confirmation crossing the level
MACD : still above 0-level, but histogram said already VT-Very top
Forecast : Bearish >> Confirmation by Stoch n RSi cross over Overbought level,MACD will change and appear histogram below 0-level
I can advice to put in the Red-Trendline for it will continue the Daily trend which is Bearish


Anyway, hope that everyone will understand my easy step to get in the market and wish you all best ...

Happy trading !!

Feb 17 , 2010

Good day ,
So then how everyone trading ? In Malaysia just have a long holiday for Chinse New Year, and here i want to wish Gong XI Fa Chai for the Chinese. Perhaps also just a Happy Valentine for all couples..

Ok .. So sorrry for the late forecast today.I am normally forecast the market at 1200hr@GMT +8 time..But dont have worry, let us see what we have in Forex Factory as usual ...

So, by 3amLT@2pmEDT, we can see that US have FOMC meeting. Hope that it will just became yesterday on FOMC member Hoening speak. That is a very big movement for this month.
The strategy on this event is Breakout. There is no others. So per tonite let us plan our trade on doing Breakout strategy..

Ok then let we have some trading activities on how to plan a breakout strategy

Normally Breakout strategy is during open market on whatever currency as long as you know their open market at what time
As per example for today on GBP/USD M15 during Euro Market Open ..
I am thinking that once you see for the picture, there is nothing to ask right ?
The arrow show entry point at the dotted line. The only question is why i have to put Long entry?
So then the answer is only you have to know that there is decreasing triangle. For that pattern it will show normally the movement tend to breakout upward.
So then, actually you can get the knowledge via BabyPips.com for more detail.

Feb 9 , 2010

Hai Traders '
Hpw are you doin ... ? So up to today, everybody surely got 400+ pips from my last foreacast ... Wel i am back here since i was taught it will change trend. I thinks that will be enough, and today let us see some Fundamental Analysis form Forex Factory..
So we got nothing seems like best time for trade with the news. A little movement will make a move to GBP for the bearish movement on that time.
So let us see some input from forex trading blog ...

Aussie (AUD): No real news on tap until the end of the week when Australia reports its employment figures. Look for the Aussie to trade solely on risk themes and commodity prices this week. The Aussie is up across the board.

Kiwi (NZD): Expect the Kiwi to trade in similar fashion to the Aussie. New Zealand’s economy is still “fragile”, according Reserve Bank Governor Bollard in response to last week’s unemployment figures. There will be some figures coming out later this week that may help gauge inflation, but don’t expect any major moves outside of risk themes.

Loonie (CAD): Canadian housing starts came in better than expected this morning, but expect the Loonie to trade more on US themes and commodity (particularly oil prices) this week. No other news this week.

Euro (EUR): By now if you’re not aware of the pending debt crisis in Greece, then you’ve had your head in the sand for some time! Seriously, reports coming out of Greece suggest labor strikes as unions are dead-set against the government’s debt reduction plans. In the past, these strikes have become violent which could further highlight the problems and decrease confidence. On tap this week is Germany’s Consumer Price Index and at the end of the week we get Euro zone GDP figures. The trends on the chart clearly look down and we could see the Euro test 1.35 vs. USD. Stay tuned!

Pound (GBP): The Pound is down again after surveys showed the opposition party’s lead over the incumbent party narrowing, which would result in an election to be held in June. Furthermore, British GDP and the BOE quarterly inflation report are on tap, which could show weaker than expected growth. The pound is just under 1.56 vs. USD.

Dollar (USD): The Dollar is weak this morning, paring back after gains last week from risk-aversion themes. Toward the end of the week retail sales will be reported which should be a gauge of how recovery is going. The consumer in the US represents some 70% of GDP so weaker sales could foreshadow slower growth. Friday is the UM Consumer confidence number.

Yen (JPY): The yen is weak today mainly on risk-taking and a pullback from strength last week. Economic slowdowns are predicted as problems in the Euro zone hurt exports and the Toyota recalls hurting the economy in general.

After last week’s scare, expect the market to trade some sideways as market capitulation digests the news. Barring any major economic “disasters”, expect traders to dip their toes back into the risk trade very slowly. However, if stocks continue to sell of today, then we could be in for more dollar strength.
Overnight, Asian markets are down while they are trading higher in Europe. US market futures are down, and oil is up slightly to 71.25, with a better rebound in gold, up 1.25% to 1065.

So let us see for the Technical analysis

GBP/USD

So then, here i can say that the GBP/USD want to change the movement today. But let confirm it with my indicator. For chart pattern i cannot say something because there is none of them. Let see for the MACD, still under 0-level and waiting for breach the 0-level within 2hours from now, and if there is happen, we will Long the GBP/USD. So then for the SSD, it seems like already at overbought level and wil Bearish soon, as per Trendline there is still show us the Bearish movement. What ever it is, it the price is breach the trendline and the indicator up there, surely changing trend for the day, and MACD will above the 0-level and surely appear the bib Ball blue for the Bullish afterward.

EUR/USD

Ok then, so let us see the EUR here..Since yesterday it is sideway. No chart pattern available. I was heard the investor/medium speculator said that, if the price reach 1.3600 and soon it will be back for 1.4200. As per MACD said, it already above 0-level. But SSD, is already overbought, seems like my signal is arrow up. What i can plan is, waiting the retracement or lower high to enter Long position for the next couple hour.

Good luck & Happy trading !!

Feb 1 , 2010

Hai traders' ..
How your weekend ? Hope that everyone are satisfied with what i am forecast here and maybe there is some additional info that i can put together for you future references...

So let us see what we have here .. We start with Forex Factory as per usual for the Fundamental Analysis ...

So from FF, there is 2 big event for GBP manufacturing PMI and USD ISM Manufacturing PMI. For GBP manufacturing PMI the previous index and forecast are same but there is increasing for the USD manufactuirng PMI. So then i can see that USD will be bullish during that news release.
Ok then, here is some article from Forex Trading Blog for other opinions :

Here’s how world currencies are trading this morning:

Aussie (AUD): Gains in the Aussie have slowed down as the global slowdown, particularly in China, is expected to slow growth in Australia. This morning is a mixed bag for the Aussie, as it’s higher vs. the Japanese yen and British pound, but down vs. the US dollar and Euro.

Kiwi (NZD): The Kiwi is trading higher across the board and is showing the highest percent gain vs. the yen this morning, up 1%. They just reported a budget deficit for the first time in 9 years, as tax receipts have slowed and government spending picked up last year.

Loonie (CAD): Canadian GDP came in this morning at .4%, a smidge higher than expectations. Canada is showing slow but steady growth, which is a positive for the economy. The Loonie has been weakening against the US dollar as global risk appetite has abated and oil prices are down almost $6 this year.

Euro (EUR): The Euro is trading higher against the yen and the pound, but down against the rest this morning. Consumer prices rose 1% showing that inflation is starting to pick up in the region. Also to note is that fears over the Greek debt crisis are weakening as region considers all of its options.

Pound (GBP): The pound is down this morning against all but the yen, experiencing a technical pull back from its recent strength. Housing prices were up the most in 5 months and consumer confidence is improving. BOE policy-maker Andrew Sentance cautioned that the recovery can continue, “especially if interest rates remain low.”

Dollar (USD): The dollar is showing strength today after the GDP figures that were reported this morning. The fastest growth since 2003 is stoking thoughts that inflation may be closer than the Fed thinks.

Yen (JPY): The Japanese yen is down across the board today as the CPI index showed that deflation is still very prevalent in the Japanese economy. Finance Minister Kan called for the Bank of Japan to take a powerful approach to combat falling prices and a strengthen yen.

Now let us see for the Technical Analysis for :

GBP/USD :

So then, from last Friday is show us the BEarish movement until end of the trading hours. Today i can say here is there is some retracement as per normal movement for the chart and once the time come for ISM news, it will continue the trend Bearish. So, for those who are really know the Pivot movement, do your job. Price will definitely find the Pivot level before come back for the trend. As per MACD said, it still under 0-level for bearish movement but for Stochastics it slowly move and find their Overbought level. For the chart pattern, nothing i can say, since there is no chart pattern appear.

EUR/USD

Ok now for the EUR/USD, seems like same as GBP/USD. It will retrace first then continue Bearish since the trend is Bearish. MACD said so since it still under 0-level but Stochastic is pointing up and until they reach the overbought level, surely it will go for the Bearish trend.

So, now as a trader it still need your intervention to study the movement and well forecast before entering any position. Good luck, see you then ... Happy trading :)

Jan 29 , 2010

Dear Traders' ,
How are you doin? EUR/USD completely as what i am forecast here and GBP/USD is following exactly but during the fundamental release 830EST, it reverse as same as it moving from opening.
Nevermind buddy, what was happen is just happen....
Now let us see what we have in the Forex Factory ...

So tonite we have GDP for CAD and Advance GDP for USD ...
Seems like it will goin increasing, therefore the currency also will increasing, means bullish for selected pair...
Then some input from Forex Trading Blog we have ....

Here’s a look at the currencies:

Aussie (AUD): Benefitting in early trade from risk appetite, the Aussie traded as high as 90.45 vs. the US dollar. In addition, commodity prices are higher as well. There is much debate over whether or not another rate hike will be in order at the next policy meeting as inflation concerns abound. Watch out for a mid-morning reversal if equity markets sell-off.

Kiwi (NZD): Yesterday, the New Zealand Central Bank left interest rates unchanged at 2.5% as inflation is likely to stay in its target range. However, the bank is expected to move on rates sometime before mid-year. Also up this morning, but off of its highs.

Loonie (CAD): With oil prices holding above $74 (for now), the Loonie is showing decent gains this morning against the risk averse currencies. The Loonie is showing some strength today vs. the US dollar, as it bounced back against technical resistance at 1.065.

Euro (EUR): The Euro is down this morning after having broken support at 1.40 vs. the US dollar. While EC economic sentiment was up this morning vs. an expected decline, the news that the first of the PIIGS countries, Portugal, may be following Greece’s lead down the road to fiscal uncertainty. S&P is saying that Portugal’s current budget leaves the country economically “frail”. Remember that when trading often times support becomes resistance so keep that 1.40 level in mind.

Pound (GBP): The Pound is strong again this morning, extending yesterday’s gains. The prevailing thought is that interest rate hikes may be on the table for the foreseeable future.

US Dollar (USD): The dollar is down today against the commodity currencies as risk appetite has returned. US durable goods orders came in lower than expected, and initial jobless claims came in slightly more than expected. This lends credence to the FOMC stance that rates should remain low for “an extended period”, much to KC Fed Chief Hoenig’s chagrin.

Yen (JPY): The yen is down against all but the Euro currencies, as the bottom rung on the risk-taking ladder. The uptick in risk appetite as a result of the State of the Union Address last night has helped propel Asian stock markets higher last night and the yen lower.

In world markets, the Asian stock markets closed higher than 1.5% from the previous day but stocks in Europe are mostly lower with news out of the Euro Zone. US stock markets are down, and gold and oil are higher, to 1093 and 74.12 respectively.

What’s important to take away from all of this news is that no single instrument trades in a “bubble” and that news from around the globe can affect any market. By having and maintaining an understanding of global events, investors and traders can better position themselves.

So then let we see what we have in Technical Analysis :

GBP/USD

So then, this pair will continue Bearish as per last movement.

There is none chart pattern appear, MACD said it stil under 0-level and stochastic is pointing down.

There is maybe have retracement since the trendline is said that its already bottom.

EUR/USD

So then for this pair, what we can see here is same as previous movement. It is still in Bearish mode..Poor EUR for these kind of movement.In chart pattern just be carefull since its make double bottom from open market at this morning. Same as Stochastic it was pointing up even MACD is still under the 0-level and trendline is still going down and the trend is still Bearish.

So then, Happy trading and Good Weekend .... :)

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Jan 28 , 2010

Hello Traders' ..
How you all doin ? Hopefully everyone is in good....No matter what was goin on with the market, jz put aside and remain trading as usual ..

So let us see what we have from Forex Factory ...
Our focus for today is Core Durable Goods order and Unemployment Claims, I was forecast and it seem bring The US decline...So let us see some article from Forex Trading Blog ...

This morning, the broader currency markets are trading in a slight range, with the Japanese yen (JPY) and the British pound (GBP) showing gains against the US dollar. There is a mild risk-aversion theme this morning as all eyes are on the US FOMC policy meeting today at 2:15 EST.

As far as news-worthy currency events go, this may be the one which has the largest impact on the market. It is almost 100% certain that the Fed will not be raising rates from .25%, however the market will be looking for clues for any change in language that may suggest a shift in policy.

The markets here in the US have been on edge recently, as political pressure and rhetoric have picked up because of what many see as a rejection of the current administration’s policies. This has caused some in Congress to pull their support for Fed Chairman Bernanke, whose term is up at the end of January.

Let’s take a look at how specific currencies are faring so far:

Aussie (AUD): Earlier today the Australian Consumer Price Index (CPI) number came in at .5% for Q4 and at 2.1% YoY, which was slightly higher than expectations. This sent the Aussie initially higher and above .90 against the US dollar, though it’s now trading below on the move to risk aversion and fears that the moratorium in Chinese lending may affect the Australian economy.

Kiwi (NZD): The Kiwi is trading down on the risk aversion theme, most notably against the Japanese yen around .5% on the morning. The Reserve Bank of New Zealand is coming out with its rate decision later today and is expected to maintain rates at 2.5%, which is a record low. This could weigh heavily on the Kiwi as the market has priced in a 50 basis point rise by mid-year.

Loonie (CAD): The Loonie is trading near a 5-week low as world markets and commodities have sold off recently and the flight to safety trade has been in effect. One of the major factors affecting the Loonie is the price of oil, which is off some $10 from recent highs.

Euro (EUR): The Euro is off slightly this morning, as it attempts to shake off the problems it’s been having related to the debt crisis in Greece. European stock indices are down today, as comments from ECB council member Weber said that the bank may take additional steps to withdraw liquidity from its banking system. With today’s FOMC decision on tap, the Euro could test 1.40 which has been an area of psychological support for some time.

Pound (GBP): Reports are out this morning that the quantitative easing measures that the Bank of England has taken may be working. Although UK GDP came in lighter than expected, it did come in positive which is a step in the right direction. BOE policy-maker Sentance warned that the bank may need to act quickly if the recovery strengthens and inflation picks up. The pound is up to 1.62 vs. the US dollar.

US Dollar (USD): The dollar is weak against the pound and the yen this morning, but otherwise is up slightly against the commodity currencies and the Euro. The market is waiting on the FOMC decision and more importantly if there is a change is language which may give hints about a change in policy. Keep an ear out for a continuation of the “extended period” language. The dollar has been gaining recently, as risk-aversion has heightened around the globe.

Yen (JPY): The Japanese yen is at a 5-week high vs. the dollar, as the Japanese yen benefits the most from the risk-aversion trade. With interest rates at .1% and not moving any time soon, the carry trade is back on with the yen as the funding currency of choice. Also to note is that Japanese exports have risen for the first time since mid-2008, a sign that economic recovery may be taking place.

In world markets, stocks are down in Asia and Europe and the MSCI world stock index is experiencing its largest losing streak in almost a year as concerns that developed economies may be preparing to scale back which affects emerging markets. In the US, the stock markets are down slightly as are gold and oil, which are trading below 1100 and 75 respectively.

So, whatever it is , let we see for the Technical Analysis ...

GBP/USD

So then in chart pattern , i can say it is nothing but if someone have knowledge from Fibonacci, you can use it, find retracement level then put your Buy Entry Order . Here i am using Trendline which all can see with the purple hand-draw line . Since it already pass through the Pivot level, so then it will continue movement as Bullish. Same as MACD, it is over the 0-level but the stochastics is pointing Down with RSi , so plan your trade, find the lowest point become your entry Buy order.

EUR/USD

Jan 21 , 2010

Hai Traders' ...
How are you doin ? Hopefully all good and also your trading...Im sorry have to left you all behind since have something to do. So nevermind,let we start all over again by today.
Ok and again lets us see what we have in Fundamental Analysis for today ...

So we can see here attach from forex factory here in the red flag the only have for US which is Unemployment Claim with previous is 444K and forecast is 441k,seems like decreasing for US and will bring good for USD. Thats in the fundamental analysis.So others for today is EUR and GBP...Ok then lets us see for the chart analysis

EUR/USDSo in EUR/USD we can see that start from Tuesday is was Bearish.
Chart pattern said that for the H1 chart nothing.
Stochastic is pointing UP but MACD said it still under the 0 level. My forecast is this will bring up bullish movement but need confirmation for the moving average and I have to make sure that it break the trendline, then i will Long this Eur/USD.

GBP/USD

So in the Gbp/Usd also i can say that is like to same with the Eur/Usd. So in chart pattern it is none of it.
The stochastic same like Eur/Usd is pointing up and the MACD is still under the 0 level.
So then i have to waitn until it touch the bottom line in the trend line and start to Long the Gbp/Usd.

So traders' , how your forecast then ? Whatever is it, is all true since the best system in trading is YOUR system ..

see you tomorrow .... Happy trading !!

Jan 13 , 2010

Hi Trader ,

Welcome back again..Many sorry seems like I'm not around givin you a market forecast. It was because I am not trade yet. If there is no forecast here, means im not at desk for trading..So, nevermind..Let us see what we have today

FUNDAMENTAL ANALYSIS

So this is what we have for today. Less fundamental and what we have to do is totally follow

what technical analysis said. I am always use to see Fundamental analysis first because it will

give market movement perhaps technical analysis is very important as i can says it will give 90% of analysis.

Let we see what we have in the chart

GBP/USD

In chart pattern, nothing i can see here. Is just about breakout up. In fact, the trend in H1 cha

rt here is Bullish, so it will continue Bullish.

Same as what MACD said, it just on the 0-line and SSD just cross the 0-line and pointing towards up.

So, for today GBP/USD will go further up until 1.62219...

EUR/USD

So in EUR/USD chart here, it was difficult since start monday it show a sideway movement.

No chart pattern appear here and this will suitable for scalpers doing their job.

But in MACD, it just on the 0-line and seems like SSD just cross on it and pointing up. Need further confirmation on the movement before continue Bullish.

Thats only for today and see you tomorrow with ECB Bid Rate......

Happy trading !!

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Jan 08 , 2010

Hello Traders ....

Merry Christmas and Happy New Year for those who are celebrated it..

Since Monday the Fx Market already open for trade and i'm not trading it since uncomfortable to doing it . Today I will start trade and let us see what we have for today...

Fundamental Analysis

Well well well .. As per known, we have Non-Farm Payroll. The most wanted event. Dont get

mad traders..Let us forecast the movement base on the data given by Forex Factory here :

Unemployment Rate previous 10.0% and forecast 10.1% its means that increasing, and Non-Farm Employment change previously -11K and forecast is -3K, so here i would like to say that USD will soon Bearish.

So what we have in the charts today...

GBP/USD

In chart pattern there is none of the list.

MACD : it says that on the line of 0 level and hard to see, because i can say that GU just sideway before the news release.

SSD: said it pointing up and to find the overbought level.

So what we have here is just wait and the best strategy is Breakout since no pattern appear but the trend is Bearish.

EUR/USD

Same as the GU, chart pattern says nothing i can see here.

MACD : said that histogram is under the 0-level and it will on the same movement Bearish. Unless during the news release that we can see the result thus the heading to.

SSD : it will pointing up and try to reach the overbought level.

So, for those who are really new in Fx just be careful and make a very good trading style.

For both chart, during the Event release I will use Breakout Style. What we need is Trendline.

Happy trading .... :)

Dec 21 , 2009

Hi Traders ...

So how you are doin ? Surely everyone good rite ..... Firstly, I am sorry for not updating the market forecast since Monday last week. Really sorry for inconvenience caused matter. I am just goin JB for vacation... hehhehe

So what we have today in Fundamental Analysis

In Fundamental Analysis...it shows not much big event that can impact the market

movement.Maybe it was because this Friday is Christmas Eve,so i am thinking that market

volatility very light.

Today we just have Core Retail Sales for CAD, and form forecast it will Bearish for CAD.

Nevermind, let us see for the chart analysis and see what we have

GBP/USD

For the chart pattern : I cant see any chart pattern appear in H1 chart here.

MACD : seems like breakout gonna be happen within 2 hrs time.I can say that it will breakout up since MACD already at upper 0 level

SSD : at overbought area and pointing down,I can say that it will Bearish for the 1st 2hrs before it move to the its directional

So traders prepare got LONG in GBP/USD ...

EUR/USD

Chart Pattern says nothing.But my signal shows something...What is that ?? There is a big bullish ball and it will Bullish in a little time soon.

MACD : say so cause it already in upper 0 level

SSD : at overbought and will bearish a while and will give a very good movement after that

Traders can plan their order for LONG either find a very lowest point or just do a little money management to see sustaining power

Happy trading !!! See you tomorrow ...

Dec 15 , 2009

Hi Traders ...

So how your trading goes ? I was hope that everyone can understand how to trade base on what I was explained.So, last week I was not update this blog, any question or comment ? ...

Ok..So what we have today in Fundamental ...

We have 3 High Impact Fundamental ...

1. CPI for GBP - it show that forecast (1.8%) is more than previous (1.5%).So,here i can say that GBP currency will Bearish.
2. German ZEW Economics Sentiment for EUR - Forecast (50.1) is less than previous (51.1).So i can say that EUR currency will Bearish
3. PPI for USD - It show that forecast (0.8%) is more than previous (0.3%). So I can say that tonite USD currency will Bearish.

That is what Fundamental Analysis said.So, how about our chart said ? Let we see them ...

EUR/USD

In Chart pattern : it seem like no pattern able that we can see there..

MACD : it was said that a very spike movement goin Bearish as per arrow show during the fundamental release, and will Bullish during the fundamental for USD.

Stochastics : It show that already passed the oversold line.A little bit reversal will happen and it continue the Bearish movement later.

So in my forecast is, EUR/USD will continue its trend which is Bearish....

GBP/USD

In Chart pattern : it seem like no pattern able that we can see there..

MACD : it was said that a very spike movement goin Bearish as per arrow show during the fundamental release, and will Bullish during the fundamental for USD.To confirm that,wait until MACD histogram under the 0 level

Stochastics : It show that pointed to the oversold line.A little bit reversal will happen and it continue the Bearish movement later.

So in my forecast is, GBP/USD is still under unknown direction.Some other analyzer said that everything is waiting the right time for breakout.

Happy trading fellas ... See you tomorrow for the result :)

Holiday Time from FXCM

Dec 04 , 2009

Hai Traders ..

How are you doin ? How yesterday forecast .. ? Eur/Usd and Gbp/Usd make a very high movement once forecast posted and trully same as expected. But during announcement, i was told that a little bit bearish, unfortunately it really been bearish until now..

Nevermind, that is why after announcement came up with the result, always re-do the analysis and for sure as a trader, you always have your decisions..

So, what we have today ? NON-FARM PAYROLL ... The most wanted Fundamental that are being waiting all over the world. My advice is for those who are really amateur, please keep

away from your trading account, and learn their movement...

Here is the News :

The Non-Farm Employment change and The Unemployment Rate ...So, how to get in the

market during this announcement ? It always come to your plan, and trade your plan..

As per conclusion, I can say that US having decrease their jobless, that is why previous values is -190K, and forecast is -119K.

So,for tonite USD become Bullish. Plan your trade, enter the position and right after result available, re-do the analysis and make your decision either continue your order or replace it ..

Ok now, what we have in the chart ..

EUR/USD

Chart Pattern : Inverse Flag - continue Bearish

MACD : position below 0 level, continue trend for Bearish movement

Stochastic : Pointing upward to make overbougt before turn down back

My analysis EUR/USD will bullish after London open market, and after all will be sideway until NFP announcement been made their result.As per 1st fundamental analy

sis-USD will bullish,and i will plan the trade to SHORT the EUR/USD before announcement until result available,then i will choose my decision either continue or reverse position.

GBP/USD

In GBP/USD market, we can see that yesterday movement Bearish after London open market until today.

Chart Pattern : NONE - after reach Lower High

MACD : still under 0 level and it will continue Bearish

Stochastic : pointing upward

My forecast is this movement will Bullish since it in the uptrend channel for 1H chart,until the NFP announcement, plan the trade to short GBP/USD, once result available I will come back to make the decision.

So,let we see for the movement and we learn how NFP will impact the market. Some rumors said, EUR/USD will change Down Trend.

Whatever it is, trader just trade either using Technical and fundamental analysis

HAPPY TRADING !!

ps: Tomorrow will have Technically Forex Course :)

Dec 03, 2009

Hi fellow traders ..

So how your trading yesterday ? Hope that will be good, is just GBP/USD out of forecast, rite ?

Nevermind, aw what I was told before, pass is pass, forecast the future.That are circumstances being a trader...

So, what we have today in Fundamental Analysis ?

SO today gonna be high impact fundamental movement market price.

• Min Bid Rate for EUR
• ECB press conference
• Unemployment claim for US resident
• US Governor Ben Bernanke

As per conclusion, I can say that during the Bid rate and press conference since the prove on their current economic flow, movement gonna be Bullish for the EUR, it just a little Breakout Down once announcement released.

For the unemployment US resident, it show still weak for USD and gonna continue Bearish.

So, now let we see for the Chart Market movement

EUR/USD

So, in chart pattern : NONE

MACD : it show Trend continue BULLISH support by Signal Ball BLUE color

but in Stochastic : it have some contestant, since it was already on overbought- it will bring the market down 1st, afterall continue with their trend-Bullish

So, trader shud find the retracement level on bullish market now, and enter your position for buy, and dont forget to recheck while fundamental arrive.

GBP/USD

So in GBP/USD chart, not make too much different as EUR/USD

So, in chart pattern : NONE

MACD : it show Trend continue BULLISH support by Signal Ball BLUE color

but in Stochastic : it have some contestant, since it was already on overbought- it will bring the market down 1st, afterall continue with their trend-Bullish

So,what are you waiting for !!If you already learned all the technical indicator form me,you already know that I was told 9-types of entering the market.THE only one who will decide is your last fingure to become 10. Just do a little bit more analysis, and enter your trade.

This weekend, i'm gonna have a Technically Forex Classes as per announcement side. Dont hesitate to contact me

Happy Trading !! See you tomorrow with a VERY BIG EVENT OF EVERY MONTH!!