My Set & Forget Trading Strategy

There is probably a huge debate on whether should you have more than one trading strategy?

In my opinion, It does no harm i both strategy is profiting.

With that being said, I do have a strategy that I trade by using the Daily time frame.

This strategy is a Set & Forget trading method.

I also use this strategy on a different trading account.

So here is the 1st trade that I would like to share ...

USDCHF
23/10/15
+100pips

EURJPY

30/10/15

+100pips

Super Trade on GBPJPY, GBPUSD & EURUSD Currency Pair

The day is Wednesday and today I have several set ups to go into the forex market.

First up is the EURUSD currency pair.

Here is the trade:

For this trade, The EURUSD was clearly on a downtrend when i look at the higher time frames...

So, i waited and waited..... and right around 11:30 pm my local time,

I see a aggressive move away from the highest point of the day.

I presented a huge M formation...

Although the entry was a little far from the high, i took the trade nonetheless...

3 Trades On GBPJPY, All Winners ..... +120 pips in one day

Hi guys,

It is a brand new week and its Monday (26 Oct 2015)

And today, I had 3 trades that I took on the GBPJPY pair...

The first 2 trades were taken during the London session and the third one was during the US session..

Initially, i ended my day with just the two trades...

I has already hit my daily target for how much I wanted to gain...


 I will tell you more about the third trade later..

First, here are the two trades that I took during the London session...

Trade 1

Trade 2

Both trades have similar entries...

The difference was about 7 pips...

Entry was based on pivot levels... and when the price came back to that level and do no break it.

Then it reverse and move away from that level, I entered another trade because it was a confirmation that the bias was going to change to uptrend..

And in 4 candles... BOOM....

Pretty good day... with a +87 pips gained.


Now, for the third trade.

When i had won the previous 2 trades, I thought of ending my day and I contacted my buddies and join them for Futsal...

So i didn't pay attention to the markets...

But as I reach the Futsal arena, It was around 2 hours into the US session.

I took out my smartphone and take a look at the charts because no one was here yet.

Then, i spotted the third trade...

Trade 3

For this trade, the reason for entry was the same,

The price came back to the Pivot level aggressively... (very aggressive)

Then pulls away from it aggressively as well...

This is a sing of a stop hunt.

So as I was wearing my futsal shoe, I took a trade... (hahaha)

After the first 2 games, (each game we play was around 10 minutes)

I  checked my smartphone and see that I was 30+  pips up..

Great....

Having already met my daily target, I close the trade instantly...

And BOOM.... another nice trade with good profit...

Making $$$ even when I am out and without my computer...

I don't do this often but because the entry was so delicious, I had to take it...

So overall pips gained for the day was  124 pips...



Yours sincerely,




 Check Out my other posts here- My Justinnation
Check Out my Malay Blog Here: Ilmu Forex Tradingku

Super GBPAUD trade....

hi guys,

This is a quick post that I wanted to make because of a great trade that i made with the GBPAUD currency pair on Thursday i think...

Here is the trade,

So i spotted an aggressive move the High during the Asian session... but the price moved away from the high swiftly...

This indicates a possibility that the pin that the huge candle made was to the High of the Day.

Forex Trading: 53% Gain in 2 days!

Is a 53% gain in 2 days possible?

So far, YES......

Why do I say that?

Because that is what is happening in my trading account....

I don't know for how long it has been since I have the excitement to share my trading activities...

I have burn down my account for so many times....


But this time, It seem legit...

I have cracked the Forex myth... ( well literally)

In fact, all this while, the answer is right there under my nose...

You see, I always thought of how to make more pips... earn more $$ within the shortest time possible..

But the truth is, the real answer to be successful in forex trading is to realize one thing....

LEARN NOT TO LOSE

Let's face it, if you are a forex trader, every time you put in a trade, you are expecting the trade to go towards your take profit level that you have predetermined.

Forex Market Outlook For Oct 12th - 16th 2015

Hi,

This is a brief outlook on some of the currency pairs out there for the trading week of 12th Oct - 16 Oct 2015


EURUSD
Dominant bias: Bullish
EURUSD went north last week, closing above the support line at 1.1350. This seems to have ended the recent choppy movement in the market. By every indication, it is much more likely that the pair would continue going upwards this week, breaking above the resistance lines at 1.1400 and 1.1450. The support lines at 1.1300 and 1.1250 should try to defend the current bullishness in the market.  

USDCHF
Dominant bias: Bearish
This market has become bearish, dropping from the resistance level at 0.9750, and testing the support level at 0.9600. This has led to a bearish signal in the market, which might enable price to continue going further south. As long as EURUSD keeps on going up, USDCHF would be under selling pressure. The support lines at 0.9600, which has already been tested, could be re-tested. It could even be broken to the downside as price targets another support line at 0.9500.

GBPUSD
Dominant bias: Bullish  
Contrary to the sideways movement that was witnessed two week ago, GBPUSD performed some bullish movement last week. There is no longer a bearish outlook on GBPUSD. Price rose from the accumulation territory at 1.5150 and closed above the accumulation territory at 1.5300 (though it briefly went above the distribution territory at 1.5350). For this week, the outlook on the pair is bullish: something that is true of GBP pairs. We may thus see price attaining the distribution territories at 1.5450 and 1.5500.  

USDJPY
Dominant bias: Neutral  
This currency trading instrument has not yet made any serious direction movement, except that price vacillates between the supply level at 121.00 and the demand level at 119.00. This has been going on for several weeks. However one thing is sure: There would be an end to the present consolidation in this month and it might happen this week. When a breakout happens, it would most likely favor bulls.
 
EURJPY
Dominant bias: Bullish
The rally that happened on this cross has caused a nice Bullish Confirmation Pattern on it. On Friday, price closed at 136.58; on a bullish note.  This means the cross is much more likely to continue going further upwards and thus, a northward movement of at least, 200 pips, could be witnessed this week. The outlook on JPY pairs is bullish for this week; partly owing to the ongoing weakness in JPY.  

Source: thegeekknows.com

Yours sincerely,




 Check Out my other posts here- My Justinnation
 Check Out my Malay Blog Here: Ilmu Forex Tradingku

Greed Is the Killer In Forex

Im back with another blog post....

This time, I want to write about losing....

Most people will focus on how to win in Forex but I think focusing on how to minimize your loss is even more IMPORTANT...

Recently, i had a major setback in my trading...

I loss a big chunk of my money and I was very furious at myself..

The VERY REASON I wanted to carve a career out in Forex is because trading is all about myself and the market.

Three is no sales, no need for any service, no need to look for customers...

It is all a battle between me and the market..

Let me give you an example here...

I have been trading on a particular account...

And within 2 weeks plus of trading, the account was up 79%...  (pretty good ya)

Well, i don't think the result has anything to do with luck...

It was just very precise trading...

But in the 3rd week... BOOM... I lost all that profit in like 2 days...

YES......

That hurt.......

Anyway, the reason all this happen is because ( after reflecting on the mistakes)

1. over confident
2. greed


I summarize it to these 2 MAJOR faults... which is related to emotions.....

When i lose, i am eager to make the money back...

When i am on a run of wins, I feel that I can win every trade...


So, its really important to have the DICIPLINE........

Thats the difference between traders that are making lots of money and those who are no..

I cam across this on the internet and I want to share this out...

So if you are a trader no matter Forex, Stocks, Equities....

Have this in your mind when you trade..



Yours sincerely,




 Check Out my other posts here- My Justinnation