Usually we use template to auto plotting this Pivot, S&R...but I think it is important to know how these point is calculated....and of course it is different between broker due to open and close time of the platform. I remember last time I use this method as one of my entry point for 15 pip TP. When hour 00, if the price is open below PP, SELL and if price open above PP, BUY. Probably I have to re-visit this method and give a try again.
Here is the calculation
Calculation:
P = (yesterday's high + yesterday's low + yesterday's close)/3
R2 = P + (yesterday's high-yesterday's low)
R1 = 2 * P-yesterday's low
S1 = 2 * P-yesterday's high
S2 = P - (yesterday's high-yesterday's low)
Read more...
Wednesday, August 12, 2009
What is Pivot, Support & Resistance
Tuesday, August 11, 2009
This blog is actually act as my trading journal because I need to record somewhere for each trade that I'm placing. Why it is in English...ha ha ha ...I knew my English is not good but in order to improve my English, it got to be in English...
I'm lack of dicipline so I have to have a medium to train me to improve my dicipline. By publishing it here, somebody might read this post eventhough I'm sure that not many people will come here...
I have no issue with MM but I'm lack of dicipline to follow all the entry rules for daily trading. Oh ya...I have 3 type of trading, scalping, intraday and swing.....but the most is intraday.
Scalping very rare as I'm chicken out when scalping.....my heart beat too fast....and sometime I couldn't able to take it and end up I close -ve when the price move agaisnt my direction.
Intraday is the most but often I miss the boat as I'm part time trader and only able to see the chart after 6.00pm daily.
For swing trading, usually lot size is 1/10 of the size for intraday trading as my SL is 10 times the SL for intraday. My intraday SL is normally 50 pip so my swing trade my SL is 500pip...and my intraday TP is 100 and my swing TP normally 1000 pip....Anyway I'm still learning here...
Read more...
I'm lack of dicipline so I have to have a medium to train me to improve my dicipline. By publishing it here, somebody might read this post eventhough I'm sure that not many people will come here...
I have no issue with MM but I'm lack of dicipline to follow all the entry rules for daily trading. Oh ya...I have 3 type of trading, scalping, intraday and swing.....but the most is intraday.
Scalping very rare as I'm chicken out when scalping.....my heart beat too fast....and sometime I couldn't able to take it and end up I close -ve when the price move agaisnt my direction.
Intraday is the most but often I miss the boat as I'm part time trader and only able to see the chart after 6.00pm daily.
For swing trading, usually lot size is 1/10 of the size for intraday trading as my SL is 10 times the SL for intraday. My intraday SL is normally 50 pip so my swing trade my SL is 500pip...and my intraday TP is 100 and my swing TP normally 1000 pip....Anyway I'm still learning here...
PO buy and sell
With current move, next target is 157.95 (FE 61.8%) before bouce back to trendline @ 159.00....then continue south for 156.5x. (FE100 % & Fibo 161.8%). This will play as major support for this week. Breaking this level will bring the pair to 153xx and could be lower.
Place buy limit at 158.00 (FE61.8% @ 157.95) TP 159.00 and SL 157.50. This bias is base on bullish divergence at H1 TF....
and sell limit at 159.00, TP 156.00, SL 157.00...
Read more...
Place buy limit at 158.00 (FE61.8% @ 157.95) TP 159.00 and SL 157.50. This bias is base on bullish divergence at H1 TF....
and sell limit at 159.00, TP 156.00, SL 157.00...
If H4 close below pink trendline, it will continue moving south @153xx but before that expecting price will bounce at 158xx to 159xx/160xx. From there it will move down again to 156xx and this level need to be taken out before continue DT to 153xx. This level 153xx is critical level, if break ermmm.....probably will go down as low as 145xx or lower. But failure to break this level will bring this pair back north heading for 172xx...
Friday, August 7, 2009
GJ Weekly outlook
Ni aku nyer view utk GJ base on Weekly chart. Stakat hari ni medium term masih lagi Bullish tetapi resistance yg kuat kat area biru tu perlu di tembusi dahulu utk naik keatas lagi. Ultimate target ialah Fibo Expansion 61.8 @ 174xx. Kalau gagal akan membentuk double top di 163xx dan price akan ke lower trendline (merah) @ 153xx then dr situ akan up semula utk target FE 61.8 @174xx. Apa2 pun Lower trendline (merah) dan Upper trendline (biru) perlu di tembusi utk next target UP @ DOWN. Critical area....
FE ni kalau tgk dr price 251xx mmg turun sampai FE 161.8 @ 118xx then dr situ Up hingga ke hari ini.
Mungkinkah scenario yg sama akan terjadi kali ini utk price UP ke FE 61.8 @174xx, then FE100 @ 191xx then final target FE 161.8 @ 218.
Kenali diri sebelum mengenali forex
Salam,
Ni first time aku wat blog. Tak penah tau mcmana nak buat.....Alhamdullillah hasil tunjuq ajaq dr kawan2 aku terutamanya Tok Man & Din....boleh la aku menaip sket2.....kalau x segak tu maaf la noo....tunjuk ajarku sifu....
First thing aku rasa nak tulis kat blog aku ni pasal forex.....sebab aku tak tau nak tulis apa lagi dah....Sekadar ulasan utk peringatan kepada diri sendiri saja....sebab mana ada org nak mai kat blog aku nie....wakaka....
Apa yg penting ?
Kenali diri sendiri amatlah penting, x kira dlm apa bidang sekalipun yg kita nak ceburi...x kenal maka x kaya....
.....
Seperti yg dikatakan " the way U do ANYTHING is the way U do EVERYTHING.....so mcmana nak translate kedalam fx trading ......simple.....formula SUCCESS = (Practice + Patiance - Fear - Greedy )+ Dicipline......
Tapi sebelum apply formula ni, kita perlu kenalpasti teknik dan MM yg kita nak guna.
Teknik - Terlalu byk yg ada, pilihlah mana2 yg ada at least 70% accuracy. Fahamkan entry rules, brapa SL dan TP yg sepatutnya. Tp kalau sapa2 ada yg 100% tlg bagitau aku sama...
MM - First skali, brapa kita sanggup rugi....jgn dok pikiaq untung saja...
Cthnya kita sanggup rugi cuma 1% per trade, katakan modal USD100...jadi kita sanggup rugi cuma USD1 per trade, relate balik dgn teknik yg nak digunakan. Katakan dgn teknik tersebut SL ialah 50 pip dan TP 100 pip...so lot size yg nak dibuka mestilah bernilai 1 pip = USD0.02, so kalau kena SL kita rugi USD1 seperti yg di rancang.
Kalau SL 100 pip, maka lot size mestilah bernilai 1 pip = USD0.01 shj.
Dgn cara ini kita dah program minda kita bahawa kalau kita rugi kita akan terima kerugian tersebut. Ini yg paling penting...selagi x boleh program minda kita kearah ini...jgn mulakan trading....sebab endingnya bila price bergerak ke arah bertentangan dgn pos kita, kita akan mula ubah SL....begitu juga dgn TP.
Berbalik kepada formula tadi ....mcm mana nak apply...senang saja. Tp pastikan yg dua faktor kat atas tu dah lekat dlm minda...
Practice - Enter trade bila semua entry rules dah dipenuhi dgn MM seperti yg dirancangkan, kalau ada 5 rules pastikan ke lima2nya dah ada...jgn dah ada 4 pastu wat andaian sendiri..konon2nya nak dptkan best price...
.hu hu hu...kalau nasib baik OK la...tp jgn bergantung kpd nasib.....
Walaupun dimana saya berada, sy mesti ingat yg 5 tu...
Patience - Jgn ubah SL atau TP samaada price bergerak seperti pos kita ataupun price bergerak kearah bertentangan. Sabarlah sayang......
Fear - Jgn takut nak enter pos kalau sumer entry rules dah cukup. Sama juga apabila price bergerak kearah bertentangan dgn pos kita. Sebab bila takut kita akan ubah SL ataupun close manual sblm masanya. Ingat....kan kita dah program minda kita utk accept lost.
Greedy - Bila price dah bergerak seperti pos kita, jgn dok gatai p ubah TP, kononnya nak makan besaq...biaq dia hit jer TP tu....next pos tggu next opportunity....
Dicipline - Ikut sumer yg ataih tu.....
InsyaAllah...bila kita apply sumer ni, akan jadi habit dan lama kelamaan akan menjadi suatu yg norm dan sebati dgn kita....senang ckp kita jadi mcm ROBOT....
umpama bila tiap kali kita nak keluaq rumah, mesti pakai kasut/selipar.....sebab dr kecik kita dilatih mcm tu....
Nak senang lagi, sapa2 yg pandai wat EA dgn teknik dia...lagi masyukk....gerenti sumer kat atas tu OK punya...
Good Luck to all.....
Sentiasa ingat yg 5 tu...kalau nak success.....aku pun tgh dok practice nie....
Read more...
Ni first time aku wat blog. Tak penah tau mcmana nak buat.....Alhamdullillah hasil tunjuq ajaq dr kawan2 aku terutamanya Tok Man & Din....boleh la aku menaip sket2.....kalau x segak tu maaf la noo....tunjuk ajarku sifu....
First thing aku rasa nak tulis kat blog aku ni pasal forex.....sebab aku tak tau nak tulis apa lagi dah....Sekadar ulasan utk peringatan kepada diri sendiri saja....sebab mana ada org nak mai kat blog aku nie....wakaka....
Apa yg penting ?
Kenali diri sendiri amatlah penting, x kira dlm apa bidang sekalipun yg kita nak ceburi...x kenal maka x kaya....
.....Seperti yg dikatakan " the way U do ANYTHING is the way U do EVERYTHING.....so mcmana nak translate kedalam fx trading ......simple.....formula SUCCESS = (Practice + Patiance - Fear - Greedy )+ Dicipline......
Tapi sebelum apply formula ni, kita perlu kenalpasti teknik dan MM yg kita nak guna.
Teknik - Terlalu byk yg ada, pilihlah mana2 yg ada at least 70% accuracy. Fahamkan entry rules, brapa SL dan TP yg sepatutnya. Tp kalau sapa2 ada yg 100% tlg bagitau aku sama...
MM - First skali, brapa kita sanggup rugi....jgn dok pikiaq untung saja...
Cthnya kita sanggup rugi cuma 1% per trade, katakan modal USD100...jadi kita sanggup rugi cuma USD1 per trade, relate balik dgn teknik yg nak digunakan. Katakan dgn teknik tersebut SL ialah 50 pip dan TP 100 pip...so lot size yg nak dibuka mestilah bernilai 1 pip = USD0.02, so kalau kena SL kita rugi USD1 seperti yg di rancang.Kalau SL 100 pip, maka lot size mestilah bernilai 1 pip = USD0.01 shj.
Dgn cara ini kita dah program minda kita bahawa kalau kita rugi kita akan terima kerugian tersebut. Ini yg paling penting...selagi x boleh program minda kita kearah ini...jgn mulakan trading....sebab endingnya bila price bergerak ke arah bertentangan dgn pos kita, kita akan mula ubah SL....begitu juga dgn TP.
Berbalik kepada formula tadi ....mcm mana nak apply...senang saja. Tp pastikan yg dua faktor kat atas tu dah lekat dlm minda...
Practice - Enter trade bila semua entry rules dah dipenuhi dgn MM seperti yg dirancangkan, kalau ada 5 rules pastikan ke lima2nya dah ada...jgn dah ada 4 pastu wat andaian sendiri..konon2nya nak dptkan best price...
.hu hu hu...kalau nasib baik OK la...tp jgn bergantung kpd nasib.....Walaupun dimana saya berada, sy mesti ingat yg 5 tu...
Patience - Jgn ubah SL atau TP samaada price bergerak seperti pos kita ataupun price bergerak kearah bertentangan. Sabarlah sayang......
Fear - Jgn takut nak enter pos kalau sumer entry rules dah cukup. Sama juga apabila price bergerak kearah bertentangan dgn pos kita. Sebab bila takut kita akan ubah SL ataupun close manual sblm masanya. Ingat....kan kita dah program minda kita utk accept lost.
Greedy - Bila price dah bergerak seperti pos kita, jgn dok gatai p ubah TP, kononnya nak makan besaq...biaq dia hit jer TP tu....next pos tggu next opportunity....
Dicipline - Ikut sumer yg ataih tu.....
InsyaAllah...bila kita apply sumer ni, akan jadi habit dan lama kelamaan akan menjadi suatu yg norm dan sebati dgn kita....senang ckp kita jadi mcm ROBOT....
umpama bila tiap kali kita nak keluaq rumah, mesti pakai kasut/selipar.....sebab dr kecik kita dilatih mcm tu....
Nak senang lagi, sapa2 yg pandai wat EA dgn teknik dia...lagi masyukk....gerenti sumer kat atas tu OK punya...
Good Luck to all.....
Sentiasa ingat yg 5 tu...kalau nak success.....aku pun tgh dok practice nie....
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