Some Reviews on Major Currencies

Hi folks,

:) it's a big holiday here on my country for those Muslims..Happy Idul Adha.I dont celebrate it as Im a Protestant but it's a common thing to say to another on their big religion day. Ok first thing first..Did it.Now let's see some market review.I got a trade on GBP-USD..Planning on enter the Euro as well but still waiting for my price to reach and will act accordingly if that happen.The Market seem very active today.Last friday we got a NFP.

Employment peaked in Dec. 2007 with 138,078,000 jobs in the economy. Through the first seven months of the year, a total of 655,000 (-0.47%) jobs were lost. For the three months from Sep. through Nov. 1,255,000 jobs (-0.90%) disappeared, which means we've lost 1.91 times as many jobs in the last three months as were lost in the previous seven. Put another way, the economy has lost 1.38% of its jobs from the Dec. 2007 peak, with 65.67% of the loss occurring in the just past three months alone.

Looking at it on a per month basis, the average loss of jobs has gone from 93,571 in the first seven months of the recession to 418,333 in the past three, an increase of 347%. And remember, the Oct. and Nov. numbers are still preliminary and likely to be revised downwards.

Ok Let's take a look on the chart now.

The GBP:

Actually I got a trade since friday on the long position and already close that one now taking a short order.Pretty neat huh on catching the price on the upper median line :). My main reason to take this order is that the price touch my MA as the Res and I took it aggressively by the thinking that if the price did brake the MA (the pink one), then there will be no pitchfork setup ( Please understand that pitchfork on down move will be valid if the median line pointed to down side (on this case nearly a flat pitchfork setup) that's why I said, I took it aggressively to anticipate the pitchfork setup and it did worked out nicely.As I typed the price already move +100 pips from my entry point.If willing to see if the price will down to the Median Line on 1.4780 ish..well time will tell right?


The GBP update::) Big catch on this signal since the price met the ML on 1.4750 ish and go down even more.Nearly 250 pips catch on this signal.So it a complete one.

The Euro:

This setup on Euro actually looking good.All I have to do is waiting the price to test the upper Median line then it's a go to me. Or maybe if you afraid of being late to jump on the boat, you can enter a half order now and if the price do retest the UML, then you can add another half.As for me, I will enter a half then wait for another half.But hey..that just me :)



UPDATE: This is the only signal that not proven to be a good one.The price go up to retest, then brake up the UML (Upper Median Line) and now sitting on the 1.2880 ish and even show an uptrend move LOL.Well my bad then.

The UJ:




This Pair..hmm Im not so sure about this pair now.You see, the price right now already half way to the median line, so kinda tricky to get in.Since to me it can go to each side for now.So becare full with that.

UPDATE:The UJ Made it to the Median Line on 92.51 at first, the rebound then touch the Median Line again at 92.23..so it's a complete pitchfork now.

The Geppy (GBP-JY):

We got a Pinbar here and now we wait for the price to confirm the setup.For those who trade Pinbars, InsedeBar or maybe Outside bar, Pls give a close watch, since you cant trade it just by the pinbar rule, I mean you have to combine it with another rule such as Pivot Zone or maybe Sup and Res.



UPDATE:The price go down for 300 pips since the opening of the very next candle after the pinbar..so it's mean the trader that trade this signal could generate around 100-175 pips.

Geez..took me about 20 minutes to write this post and the price already go up and down ever since heh.Ok good trade folks.

Update

Hi all,

Call it a week and a month I guess.The price drop nearly my tp (lowest as I type= 1.5254). So I guess Im gonna close my order..I know it still minus around 20 pips from my tp but It's ok to me.It's already 7.30 pm on my country so it's time for me to resign and have some rest for the weekend.Hope you guys doing good.Thx and Nice weekend all.Next month..Wow..next month December already.Xmas and and New Year are on the way to us.Damn I love December.

GBP order

Hi all,

Hmm I dont know if it just me but anyone feel that the market turn out to be so slow today? It get me thinking since usually the Pound in this kind of state is another sign that a big wave coming. I took a short order on 1.5416 and my first tp 1.5250.According to the pitchfork setup, the tp should put on the zone of median line which is on 1.4900ish area but it's a 500 pips journey down turn, so that's why i put my first tp on 1.5250..you know..secure it first :) (well that's the plan anyhoo..time will tell the truth).Ok..im outta here folks..time for some quality entertain.Peace and out.

GBP Pinbar-Update

Hi folks,

The GBP Pinbar setup working fine so far.It already produce 130 pips as I typing. My Trailing stop already activated and now watching closely to seal the deal.:) not bad at all. At first, my target is 100 pips but now the price drop around 130 pips..I really dont mind at all :)..ok good pipping all.Parlenk over and Out

GBP Pinbar

Hi all,

I got a pinbar setup on GBP. You can find it on h4 and also on h1.Both already trigger and if you jump in from h4 signal, should be on positive track right now. I hope u notice that too.This order have to watch closely since I found out that pinbar lately produce just a few bucks since the price usually turn so fast and finally wipe out the signal. It's a 40-60 SL order to me but will let the TP open since I plan to close it manually or if the price keep down then a Trailing will come in play. Good trade all.

USDCHF

Hi all,

Look like the setup from the USD-Jy was a waste since the price never test the down median line but go straight to the middle median line which is the target.So no hurt feeling. as for the Looney, the last candle become a ugly pinbar..why I said ugly since the place is not so good, but cannot helped about it heh. Yet I took a half order on the left projecting eye and will add another half on the brake/confirmation of the pinbar.Phew already Friday lol, but the heck with it Im still jump in anyway and let see what next week bring us.Ok folks hope u doing great and happy weekend, it's been a nice week and month so far.Parteee time boys.Bon Vayage

UPDATE:This is a negative trade ..the price down for 100 pips but only to rebound and wipe me out for 75 pips lol.well it's just a trade.Happy pipping all.

Some Potential Setup

Hi guys,

Everything move well? :D well I got this some potential setup on US-JY(4HR) and daily USD-CHF. On the Looney, have to wait the last canlde settle (this day candle) and see if the candle perform a reversal pattern.If yes, a good setup will came along since the other requirement already met. On the US-JY the setup already went well, all we can do right now is spot the price if it retest the down trendline and then jump in when it does.So I guess time will tell.Please remember this is a 4h and daily chart so be patient with it.Thx

Scout Order

I just put an scout order on Eur hourly..I got a pinbar and a pitchfork setup but overall on bigger timeframe there is a big chance that the price will go north.That's why I said this is a scout order with a small lot and 2:1 ratio.If the price turn and go north, it's fine but if the price keep dropping then I'll add another 0.5 lot.I will trail this order with 40 trailing stop.Ok folks happy pipping.


UPDATE:Just close my order with 80 pips profit.Have to go to meet a friend and probably wont be back till the asian market the next day so cheers all.Below is the picture of the Eur chart after I enter couple hours ago.I did down for 98 pips from my entry but only manage to catch 80 pips profit.

NFP on the way

Hi all,

This is my current trade.I just execute it using the pitchfork.The price reach the Median Line while the Stoch on the 80 area, and the candle formation perform a spinner top.I put an upper trendline too to see if the price try to reach it as well but my biggest concern is the news that coming in the couple hours ( NFP- US) this is a major fundies so will have to watch this order closely. Please remember that this is Friday, means the last trade of this week, some trader said a "take profit day" yeah right..I simple disagree with this term :). Anyhow happy pipping.Cheers.

UPDATE:This order met the tp yesterday.Sorry to update late.:) cheers all.

Gbp Hourly Rocking

Hi all,

I couldnt helped it but did you guys trade gbp-usd hourly recently? There are some good setups the past 3 days and the result quite awesome for me.It's a pitchfork setup and work nicely so far. Please remember that this pair move 100-300 pips on hourly.So a good setup on hourly can produce shit load of pips. I enter @1.5850 and put my static tp 200 above, but when the price raech 100 pips profit, I will take half of my order and move the rest sl to BEP.Stay tune.


UPDATE: The Price did manage to run more than 120 pips to the north, but due to the fundamental news , it spike down and up.So I just manage to take profit 105 pips half order and the rest just BEP.

GBP Review

Hi all,

The cable keep dropping and dropping while some..well maybe most of the trader try to jump in because they think that this is already too low...well there is no too low on this field :D.Since the swap usually positive on the long side, people actually more eager to put buy than short..it's so human, but at some point it will cost you dearly.I have to move my time frame to the bigger tf to see the bigger picture..


It's the same to us-jy..it already touch the Median Line on the monthly tf.The only thin that make both these pair a bit different is that the market sentiment.Yap..some trader feel that the us-jy still on the move for further up while the gbp already too low (actually going to 1.96xx).Ok that the hint :D make sure you master your setup.

Us-Jy Trade

Hi all,

I just enter the Us-Jy short.I got a setup on daily tf and the price already down before and now testing the UML.I put the sl above the trigger line, since if the price break that line that means the price will move to the north side.The past couple days price not so active.This month Im expecting a good run.This is first trade of this month and let see how it gonna develop. Thx all


UPDATE:A negative trade for -80 pips.After down for about 50 pips, the price constantly climb and hit my sl.

Let The August Come -- with thousands pips in it's pocket

Hi all,

My order on Eu-Usd just closed half lot with 100 pips profit but still open the other half lot and now in negative pips :). Yesterday the Euro did reach 1.5700 before coming down again to 1.5600 and now sitting on 1.5550-1.5600.Tonight we have NFP news with -13K down from last month which means if this consensus right, it's bad for Usd.But you know I dont want to mix and confuses me with the fundies so let it come :).It's friday and Im happy about it heh. Every weekend is a wonderful time..it's my gathering and hanging out time with friend..you know..drink+pool+party+chicks= happy time ROFLMAO.Anyhow, it just talk man, so dont take it negatively. All Im tryin' to say is that remember to socialize and refresh your mind..we meet again next week with a fresh trading month..I always calculate my pips in the end of the month but never publish it, but man..I can tell you that this month is awesome for me.I hope u got the same too.Cheers.

Preview over choppy market

Hi all,

Choppy market so far hu? this is too quite and it makes me worry a bit.I have some market preview so far but again..the movement is so damn slow.So here we go:

Eur-Usd :

I have a buy order on this pair.Actually already on profit side for 30-50 pips and I need to rethink about it since I've seen on Us-Jy a buy signal too which is means that the Usd getting stronger and It might push down the other major pair.But I'll watch it for a while if the price able to brake 1.5660ish.If not then maybe I'll put my sl to BE or 30 pips below BE, so it means around 60-90 pips below the current price.



The Usd-Jy:

This pair slowly going up, right now moving along with the trigger line for buy.If the line finally taken out, then I'll close my Eur order.




Usd-Cad:

I have a setup on this pair.But please notice that this pair move slowly.For those who cant wait being in a long trade, dont trade this pair. A sell action should be in favor according to the setup. There is enough room to reach the median line.





The Gbp-Usd:

This time this pair move like Eu and really slow..I've seen this kind of movement before and for the cable to act like this means a major move will occur, I have a setup on daily from pitchfork and candle pattern--same as Eur.If you notice on daily, it perform what we call spinning--a sign of reversal.So let's wait and see.



Ok that's all for now. I cannot post for the last few days since we got a holiday here on my country and I use it to visit gotham city-heh- just refreshing a bit since this month prove to be a long trading month and Im exhausted.This is last day of this month , I hope you'll find next month to be a great month for all of us. Good pipping folks.Cheers.

Updating The Market II

Hi all,

I got a setup on Nz-Usd, Gbp-Jy and Eur, but I only execute the NZ since the geppy already too late.Been away from my screen to enjoy my lunch and the price move :), well that's trading my friend.So dont too upset since there are thousands opportunity out there.So you should let go sometimes.But dont forget to take back again in the future HEH.Ok amigos, let's get down to the chart (heh my GBP now on green side for 113 pips, still thinking to let it ride till next week along with the NZ, but will see the situation first :)).Ok here the charts.Since this is Friday already, After I close this order ( haven't decide yet-- thinking to close it since this is the last day of this week).I want to wish you all a great weekend.:) Heh.. someone coming back for good (Smile-Smile).Great result this week.Ok thx lads.

Updating The Market

Hi all,

Let's see how the market update so far.Before it I have a nice trade on Us-Jy from yesterday setup. My order activated while I was sleep and when I wake up, the order already hit the tp, heh, so basicly I never see that trade but I did locked the pips.The other order that triggered on my metatrader right now is the GBP-USD buy @ 1.9930 and on progress now.The Eur setup also a good one since the price did go north for around 100 pips.Last, the geppy setup, already touch the Median Line (lol I never had chance to re enter the trade since the price went straight to the Median Line. Ok that's all for now.Hope you all doing great.

Some Potential Setup -- Be Patient

Hi folks,

Here the market watch so far for me.Im waiting to execute one or two the scenario below.All this setup is just a "probably", so bear with it.I wont execute all the setup even if all the scenario meet my setup since I dont want to overtrade.I will only execute the first two scenario meet my condition.Ok let see them for more details.

GBP:

Waiting to get lower (if possible to reach 1.9830-40) to enter a buy order, tp left open actually according to the pitchfork should put @2.0150ish

Reason:The price fail to reach the median line in the time of 5 candles on daily basis, then if the price failed to reach the Median Line, it will try to reach the High pivot of the setup.The Picture below for more technical review.




EUR:

The price success to reach the median line on the last candle of the fifth day on daily chart.The stoch already below 20 when the price touch the ML.So according to the book play of pitchfork, the price will bounce.(see picture below for technical review).





US-JY:

Waiting the price to reach the first warning line to enter the sell action @108.00-10, the tp should set first at the trigger line @107.00 (see picture below for technical review).




GBP-JY:

Waiting the price to test the UML @213.60-80 to re enter the sell action. See the previous post for the picture detail.

Nice Scouting

Hi all,

My scouting geppy working awesome so far, watching the price down with 110 pips profit if hit my new tp (I unlock the 60 pips tp and let it run--it's about to hit my tp @214.39).Heh as I type this post the price just hit my tp.Now we got a good pitchfork setup on h4 chart and yet I close this trade...why? well it because usually the price will retest the Upper Median Line before it resume to the Median Line, so when it happen, I will enter on the retest of the UML.If the price gone mad and continue the journey to the Median Line without retest the UML, then no regret as 110 pips already booked.
Here is a chart with the setup on H4.Enjoy

The geppy scouting

Hi all,

Geez, my metatrader got a serious problem I guess. It's frozen nearly for 4 hours T_T.Ok here the trade I just execute..people call this a scout trade, to act aggressively in determine the market direction based on lower time frame analyze, to expect a good setup on the higher time frame.So I took a sell action on the gbp-jy H1 based on the pinbar setup, and if this pinbar on H1 goes well, and the price down, then on the h4 time frame we should get a good pitchfork setup for the bigger TP. On this trade my tp only 60 pips but but if the price move accordingly, or after the h4 tf setup ingredients meets, then I should use a bigger tp, sl and lot size.I attached 2 chart, the first will be the H1 chart--to show the pinbar trade, and the second will be the H4 chart, to show the possibility of a setup if the price move to the south.

(above is the H1 tf chart)



( The 4H tf chart)

Some setups

Hi all,

I have some setup here on gbp, eur and gbp-jy.Currently I have 3 open position so far.I took the gbp and the eur by the retest of the upper median line.This setup nearly reach the limit time (actually left only tomorrow) before the signal turn out to be a bad signal, that's the reason on the gbp I dont place the tp on the median line and I'll be watching this baby closely. About the gbp-jy, Still open since yesterday (read the post before on the update ). The sl already move to BE by the trailing stop since the price drop around 80 pips but now bounce back to 213 area.Ok here some charts for you.Enjoy




UPDATE:The GBP and the EUR drop around 120 pips :).But I took only 100 pips manually and close all the open position.THe GBP-JY order force me to do so.After a nice 80 pips floating profit, the price did hit the trailing stop on the BE (grrr) it sucks.So I took out all my order and go to bed with 200 pips.Not a bad result aye? Hope you all doing fine.Parlenk -- rest mode on-- here the chart (below) this trade only take 3 hours or so