GBPJPY Bearish Bias.

Price is very near with the resistance trendline right now. I afraid if the price break the resistance. Anyway im still in bearish bias. :D

165.04 supposely the turning point area. Because rejection from fibo is very clear parallel with candlestick formation which assign us as a reversal signal.

any question please do not hesitate to email me @ abagnale.seven@gmail.com

GBPYEN 4 hour forecast

I assume this is a big retracement. Price pull back rally from 160.62 and try to find a good resistance to reverse back. All trend still in bearish. thank you.

Volatile Market.

long time ago if you wanna see a free fall movement maybe its only once a year. Many newbie trader quite shock with the current market, yesterday my friend ask me eh why the market moving so fast, i put my Stop Loss 70 pip its like nothing,just a few second my order will disappear from terminal because of stop loss. Well i said volume in the market its not like before, now in one day transaction in forex is 4.3 trillion. Increasing 1 trillion. You must change the trading style and money management, higher time frame likes 4 hour and 1hour its not suitable for the current market because you are facing with high stop loss, 200 - 300 pips for now its an average. 100 pip below is very tight and your entry must be sharp.

Its a very good way when you split the order divide by 2. Means if usually you just make one order but this time try to enter the market with 2 order, Same price same Stop loss but different target profit. One order follow you trading plan such as 50 - 100 pip perday. But another order just lock the profit and let the order generate the profit. Its not weird if you can get 1000 pip a week. :).

My advise is control your emotion and money management, because of the volatility will tight your neck. Cut the losses when your recognize the reversal signal. Dont try to keep fighting with the market,its not a good way.

Another solution is arrange your money management to get a 5 trade perday. If your money management 6% per trade,divide it by 5 = 1.2% per trade. Yes its very small and i maxsure many of you dislike with this plan. Ok let me explain how 1.2% * 5 trade = 6%. each trade your reward is 1.2:5. means risk 1.2% but reward 5%. 5% * 5 trade = 25%. you can win 25% perday, just because you grab the chances with the volatile market.

I also still in practising low risk but big reward. One of the strong point why i said like this is. You can see the figure below.



One of the example how to take the chance during the volatile market.

My trading style is base on my researching and many times of observation. I just wanna spread my knowledge and its not for make you all as a tester. But easy to say if you not confidence please do it in demo account first, or the best way is find other strategy how to trade in the best time.

Thank you.
regards
Al-Yaqen.

between breakout trader and trend follower.

Still remember when i was newbie in currency trading many senior told me follow the trend, when my trading was floating with -ve pips i will refer to the senior and most of them will anger with me because im not follow the trend, along 2 year i try to understand what is this actually,what is trend. Yeah i know trend is Major movement in once movement but what is the meaning inside the trend.

FInally i realize trend is an important thing did you really need to understand. Trend is like a river,and a river has a stream just imagine how come if you swimming with fight the stream. :D. The answer is yes you can swim but u need to push a lot of energy, same like market once you fight you need to have a lot of capital and tough psychology.

After a long period i try to follow the trend what i get is sometime the profit may with us but sometimes its doesnt. Why these thing happen? im seeking a new guru and ask why. He said what price you buy. 2.0120 is said. Oh that is a correction area. Huh correction.. whats that?. He said just if you understood what is trend you should know what is correction. Day after day week after week, month after month i find what is correction and at last i identify what is correction.

Along 1 year and half i meet a new trading system named chaos, many people told me that system among the best trading system in the world. Wow sound sweet and interact me to learn about it. I buy a chaos book from amazon.com and started with 1st chapter. That book really make you woke up from sleep, bill william describe 1001 problem inside the mind of trader. Arr bla bla bla but what makes me wonder with that system is fractal. Fractal is breakout,breakout is breakaway price.

I try to use it for 1 month and its proven to give a a little or big profit. Thanks to Allah because he meet me with fractal. Started from that im addicted to gambling with fractal.. i buy or sell with a big lot, i dont care about money management, i dont cara about filtering the signal. Because im really addicted. but sky didnt always bright, im loose loose and loose because i couldnt take care the dicipline.

I began a research how to use the fractal wisely, and now ive the answer. Fractal is like you choosing a fish at the market. which one good and which one bad, same like fractal.. which one is the good price and which price you cant open the trade.

Each trader for who are those can generate their own signal they will always keep learning how to increase the probability of analysis and signal. Some trader prefer to follow the trend and some trader prefer to counter the trend espcially who are using THOMAS DEMARK system. But if you ask me, i prefer breakout and im proud if some trader ask what what kind of trader are you? and i said with confidence im a breakout trader :).

GBPYEN 240m Review

I dont want to make a lot of forecasting because overall major trend is bearish. 261.8 still relevent.

Here is the Pivot Point for GBPYEN 240m

	S3	S2	S1	P	R1	R2	R3
Hourly	165.40	166.13	166.73	167.46	168.06	168.79	169.39
4 Hours	164.39	165.15	166.57	167.33	168.75	169.51	170.93

Psychology battle is very tight in this situation, afraid to sell coz of price is too low and your mind set is retracement. For newbie i advise just take sell signal when your trading system show it.

thank you.

small retracement for small profit.

I believe GJ are possible to retrace at least 38.2 %. Frankly said its very dangerous to play inside retracement, because if you buy means you are against the trend,But im sure there is some breakout over there.

This is short term technical analysis. Why i buy?.. i buy because of fractal and a b pattern :) just that huhu.

Selamat Hari Raya

Hi morning all, i hope im not too late to wish Selamat Hari Raya Aidilfitri to all mulims in this world. Apologize for all my mistakes along we are together and gether seating in this arena. Well againts i fell this year is very fast year, i just thought yesterday is January huhuh otherwise we are in october month right now.

Ok ok lets talk about the market.

Recently all stock, index escpecially in US europe and asia melt like ice cream,bancruptcy of Lehman Brother, 700b bailout, interest rate cut, inflation increase bla bla bla.. why this thing happen?, why dow's fall above 1000 point very fast, many of private sector will not be able to facing this recession. But for forex trader maybe this is a good time to get back what you lost in the market, GBPYEN fall more than 2000 pip just in 2 week, fuck really awesome, market like didnt know what is tired,just move and move.

So what point i talk about this, i just want to remember all forex trader in this world can play in any situation of market.Because forex cant crash,not like stock.. from 12800 point market can fall until 5000 point and fall again until crash.. maybe below 10 point, logic or not ? my answer is yes logic,stock can crash. But forex not.

Buy when market going up,Sell when market going down, 2 profit in 2 ways. Another thing forex or currency is a leading indicator to the country. You can get a imagine what happen is US, what going on in UK and JPN. eh where is china ? ehehe i ever read one book printed by Mcgraw hill's , the author said its not a joke if China will lead world economic using YUAN,no more dollars or green back.

In my forecasting, US will collapse but dont know when, maybe in nearest month or year. Their federal will facing 1001 problem, Infalation,NFP,CPI,MFI,PMI huhu, how to resolve back :) its not crazy if word war 3 occurs else.

1929 Wall Street ever collapse what US do ? war right hehe.. but i dont want to speculate anything because i also love life in peace.