Forex Trading - Simple Trade Strategy

I came across this story posted by a fellow forex trader on a forum..

It is very interesting.

Thought I would share it here in my blog.

Here is the story

Is that possible? Yes.

Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies...

I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot of good that 19 years of education is doing.

Forex Trading - Best Forex Robot And Software Program

I recently saw a video about Forex trading.

It is a short video about using forex robot or software programs in forex trading.

Take a look at it...

When you are looking to use a EA (forex robot), be careful.

There are many programmers out there looking to suck your money out form your pocket so that they can make a profit..

Here is the video

Yours sincerely,




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

Heard Of Capital Assets Management?

Forex is a very lucrative industry and I believe many profit-aimed people or organization will look to use this as a bait for them to earn lots of money.

When there is a system or a company out there claiming that they can profit you with the best trading system or if you choose to invest with them, they can promise you a certain amount of return...

But when I think about it...

If a person is REALLY GOOD in FOREX TRADING...

Why would he go through all the hassle of setting up a company and looking for investors to invest  or looking for people to subscribe to his trading signals...

Wouldn't it be juts enough to make profits from you own trading activities...

But of course, Forex is more than capable of providing higher investment returns if you compare to other form of investment like stocks or property that takes a longer time.


So, that brings me to my topic today.

There is a company called Capital Assets Management here in Kuala Lumpur.

I believe it is rather new company... This is their website: http://www.cap-assets.com/

What they provide is Managed Forex Account services.

They have 2 Solutions.. You can check their website for more details.


However, I am not here yo day to promote their service.

But I am here to warn you about it..


You see, I subscribe and attended one of their webinar recently.

It was a very basic webinar, an introduction about forex trading.

Then, they started to send me trading signals.

This is the 1st Signal I received from them

My Forex Trades For the Past Week Using My SF Forex System

So, its the weekend and it is the perfect time to write about my trading journal here in the blog.

Lets start with a LOSING TRADE...

Yes.... We all lose sometimes..

USDCAD
Buy @ 1.32849
Closed @1.32534
Loss 31 pips

Unfortunately, I set a stop loss that was too close to the entry.
So, the trade was taken out... but then if you look at the chart, the price eventually head up...

SF Forex System Raking in Pips.... Another 326 pips gained

Dear traders,

I am back with another post to show you the other trades that i had taken with my Set & Forget Forex Trading method which I refer to as SF Forex System.

There is another 4 trades that I took besides the GBPUSD andf The GBPAUD trades that I showed you in the earlier post.

To see those trades, click HERE - +200 pips with 2 trades


So, lets get on with the trades, here is

Trade 1

GBPUSD
Sell @ 1.52171
Closed @ 1.51471
Date: 6 Nov

The reason for entry is simple.

The price went up and hit the 200 EMA and close below it in the previous GBPUSD trade.

So for this trade, it is a trend following trade.

As the price continue to show bearish form, the price went on the close below other EMAs that I have in my set up.

So there you go.

Only thing is that I closed the trade early bacause i Had like 4 trades open at that time.

In addition, I was already in profit and the US session is about the open.

And due the the NFP (Non Farm Payroll), I decided to close the trade and not risk it.

So, i gain a 70 pips profit.


Trade 2

AUDUSD
Sell @ 0.71897
Closed @ 0.70897
Date: 4th Nov

The entry for this trade is done with the Daily Chart.

The trend is downtrend for AUDUSD, the price pullback and hit the 50 EMA and close below it.

The next day, the price hit the 50 EMA again and this time, it closed with a bearish candle.

So, there is 2 pins to the EMA, a signal for downtrend continuation.

In this trade, I made 100 pips.

It took 2 days to see the target got hit.




Trade 3

USDCAD
Buy @ 1.31504
Closed @ 1.32491
Date: 5th Nov

This trade is similar to the one in the GBPUSD  in trade 1.

It is a trend continuation trade entered after a pullback in the uptrend for the USDCAD.

The pair is showing an uptrend and the price pullback and hit the 50 EMA but price reverse swiftly and closed above the EMA with a strong bullish candle.

That is when I entered the trade.

This trade made me  98 pips..

It should be 100 but I might have made a mistake when i set the take profit..



Trade 4

USDCAD
Buy @ 1.31908
Closed @ 1.32493
Date: 6th Nov

This trade is the continuation of Trade 3.

The price was going in my favor.

As the price breaks above another EMA, I decided to enter one more position.

So the result was positive.

I used the same target as trade 3 and made 58 pips for this trade.

So that is it for this week.

A fantastic week whee I was able to bring in 500+ pips...

So have a nice weekend people....

Yours sincerely,




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

SF Forex System Gave Another +200pips

If you are reading this and you are curious about the title of the post, well that is because I have decided to name my Set & Forget Forex Trading Strategy  to SF Forex System.

A little bit of branding huh...

Haha...

Anyway, I am back with 2 more winning trades...

Here is the first one

GBPUSD
Sell @ 1.54172
Closed @ 1.53161

So this trade gave me a nice 100 pips.

The reason for entering is pretty simple.

Set & Forget Forex Strategy Rolling in Pips Again

Another winning trade for my Set & Forget Forex Trading method.

This time round, it is a trade on the EURUSD pair.

Here is the trade:

The entry was on the 3rd of Oct.

Nice 50 pips gained on GBPUSD, 4 Oct 2015

Just came back from a weekend at my GF's hometown spending a good time with my GF' s sister kids.

They are like my own kids.... and it was so nice to see them after one months i think....

Here they are putting up an angry face because I told them to do so...

Anyway.... back to Forex.

I just wanted to show you my trade that I took on 4th Oct 2015..