Forex Trading January (updated) Update - forex trading youtube explained

Forex Trading January (updated) Update ~ forex trading youtube explained

What an exciting month of trading it has been! From analysing of the charts to actually firing of my first trades and increasing of my stake at time goes by, it has been nothing short of excitement and feel of the adrenaline rush. But here i am producing my very first
report card of the month.

Closed Transactions:
Open Time	Type	Size	Item	Price Enter	Price Exit	PIPs	Profit
2015.12.22 05:24:14	balance	Deposit Bonus					150.00
2015.12.22 05:24:14	balance	Deposit					500.00
2016.01.04 09:36:33	buy	0.01	eurcadx	1.5182	1.5212	30.0000	0.21
2016.01.04 10:14:18	buy	0.01	eurusdx	1.0928	1.0951	23.0000	0.23
2016.01.05 04:12:14	sell	0.01	euraudx	1.5017	1.4997	20.0000	0.14
2016.01.05 12:08:26	sell	0.01	audusdx	0.7176	0.7170	6.0000	0.06
2016.01.05 12:11:35	sell	0.01	nzdusdx	0.6696	0.6681	15.0000	0.15
2016.01.06 02:44:12	sell	0.01	nzdusdx	0.6694	0.6655	39.0000	0.39
2016.01.06 02:52:36	buy	0.01	audchfx	0.7236	0.7088	-148.0000	-1.46
2016.01.07 06:47:06	sell	0.01	cadchfx	0.7106	0.7079	27.0000	0.27
2016.01.07 06:47:37	sell	0.10	cadchfx	0.7106	0.7079	27.0000	2.70
2016.01.07 08:52:41	sell	0.10	eurchfx	1.0848	1.0870	-22.0000	-2.19
2016.01.08 04:58:42	sell	0.10	gbpaudx	2.0753	2.0707	46.0000	3.25
2016.01.11 03:01:47	buy	0.20	gbpaudx	2.0869	2.0728	-141.0000	-19.83
2016.01.12 02:15:23	sell	0.20	audusdx	0.6987	0.6960	27.0000	5.40
2016.01.12 05:01:00	sell	0.20	gbpjpyx	170.92	170.64	28.0000	4.76
2016.01.12 07:20:41	sell	0.30	usdjpyx	117.47	117.40	7.0000	1.79
2016.01.12 12:16:58	sell	0.25	eurusdx	1.0852	1.0832	20.0000	5.00
2016.01.12 15:00:01	buy	0.02	audchfx	0.7016	0.7087	71.0000	1.41
2016.01.13 10:34:16	buy	0.25	usdchfx	1.0053	1.0079	26.0000	6.45
2016.01.13 12:19:36	buy	0.23	eurchfx	1.0902	1.0920	18.0000	4.10
2016.01.13 14:01:31	sell	0.25	gbpusdx	1.4390	1.4388	2.0000	0.50
2016.01.13 14:55:28	buy	0.25	gbpusdx	1.4413	1.4413	0.0000	0.00
2016.01.13 15:01:02	sell	0.25	eurusdx	1.0815	1.0800	15.0000	3.75
2016.01.13 15:16:09	sell	0.25	eurusdx	1.0816	1.0800	16.0000	4.00
2016.01.13 16:12:30	buy	0.25	eurgbpx	0.7511	0.7523	12.0000	4.32
2016.01.13 16:47:02	sell	0.25	gbpjpyx	170.26	169.99	27.0000	5.73
2016.01.13 19:06:16	sell	0.25	audusdx	0.6992	0.6970	22.0000	5.50
2016.01.14 01:53:16	sell	0.25	eurjpyx	127.77	127.62	15.0000	3.20
2016.01.14 16:05:26	sell	0.30	gbpaudx	2.0693	2.0606	87.0000	18.27
2016.01.15 06:42:28	sell	0.30	audusdx	0.6946	0.6930	16.0000	4.80
2016.01.15 06:42:48	sell	0.30	audjpyx	81.77	81.50	27.0000	6.88
2016.01.15 08:14:28	sell	0.30	gbpjpyx	169.73	169.39	34.0000	8.66
2016.01.19 10:18:00	buy	0.25	usdchfx	1.0071	1.0060	-11.0000	-2.73
2016.01.20 00:30:44	sell	0.21	audjpyx	81.24	80.93	31.0000	5.55
2016.01.20 00:31:16	sell	0.21	audusdx	0.6909	0.6884	25.0000	5.25
2016.01.20 09:37:55	buy	0.25	usdcadx	1.4639	1.4665	26.0000	4.43
2016.01.20 12:25:48	sell	0.21	audjpyx	79.89	79.61	28.0000	5.05
2016.01.20 14:03:28	buy	0.21	usdchfx	1.0033	1.0055	22.0000	4.59
2016.01.21 03:00:59	sell	0.25	euraudx	1.5652	1.5638	14.0000	2.43
2016.01.21 13:10:20	sell	0.25	nzdusdx	0.6422	0.6448	-26.0000	-6.50
2016.01.22 08:07:32	sell	0.25	euraudx	1.5414	1.5384	30.0000	5.28
2016.01.22 13:07:10	buy	0.25	nzdusdx	0.6502	0.6515	13.0000	3.25
2016.01.22 15:14:28	sell	0.25	audjpyx	83.08	82.90	18.0000	3.81
2016.01.22 16:33:50	buy	0.25	eurgbpx	0.7553	0.7556	3.0000	1.07
2016.01.25 02:06:13	buy	0.25	gbpusdx	1.4262	1.4274	12.0000	3.00
2016.01.25 02:17:31	buy	0.05	nzdusdx	0.6475	0.6481	6.0000	0.30
2016.01.25 04:05:56	buy	0.25	audusdx	0.6996	0.7015	19.0000	4.75
2016.01.25 07:41:29	sell	0.25	audusdx	0.7016	0.6999	17.0000	4.25
2016.01.25 07:47:13	sell	0.25	audjpyx	83.29	83.50	-21.0000	-4.42
2016.01.25 11:45:55	sell	0.05	usdcadx	1.4187	1.4185	2.0000	0.07
2016.01.25 12:45:55	buy	0.30	audjpyx	82.74	82.90	16.0000	4.04
2016.01.25 16:06:07	buy	0.30	nzdusdx	0.6473	0.6487	14.0000	4.20
2016.01.25 23:50:44	buy	0.40	audjpyx	82.32	82.34	2.0000	0.68
2016.01.26 00:02:04	buy	0.40	audusdx	0.6955	0.6960	5.0000	2.00
2016.01.26 16:17:41	sell	0.40	nzdusdx	0.6482	0.6481	1.0000	0.40
2016.01.28 01:07:35	sell	0.40	audusdx	0.7023	0.7016	7.0000	2.80
2016.01.28 03:11:59	buy	1.00	nzdusdx	0.6447	0.6444	-3.0000	-3.00
Total PIPS						642.00
Total Value							$128.99

I wouldnt understand what i just posted either.... well the table basically means a summary of all the trades i entered and exited during the month of January 2016. Made a small profit of USD 128.99 with 642 PIPS net gain during the month. I have also identified my favourite currency pairs to be AUDUSD, AUDJPY and NZDUSD. Traded actively on these pairs towards end of the month. 

Moving forward to February i will be working towards trading less transaction but more on quality. As i familiarize myself with the trading methods i will also be updating on the strategies that i use. So stay with me on this journey. Cheers!  

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When will petrol prices go down - forex trader yang berjaya

When will petrol prices go down ~ forex trader yang berjaya

When will petrol prices go down?

All the mainstream media has been reporting about how low the oil price is and the number of records this pricing has broken. People around the world are saying it is cheaper to buy

oil than to buy daily common items like pizzas and beers.

"Two large pizzas - cheaper than a barrel of oil. #?????— Ol Brandon (@BrandonLockhart) January 13, 2016To, inevitably, booze. A native Londoner writes:"

"WTI Crude now trading at $29.59 US a barrel, now cheaper than a pair of pants at @Target. #cdnpoli #oilprice pic.twitter.com/AC7nywuMPK
— CTV - Ian White (@CTVIanWhite) January 15, 2016"

A quick check on my forex account indicates that the current oil price to be around USD 29. However, who really cares how much a barrel of oil cost? The most important factor to the guy like me and on the streets is that petrol prices are not going down! Around the same time last year in 2015, a barrel was about USD 70, thats a drop of USD 40. But as compared to petrol prices, not much has changed!

On 13 Jan 2015, the price for 98 octane fuel range was at S$2.24 Shell V-Power (source: http://www.straitstimes.com/singapore/transport/pump-prices-slide-again-hitting-six-year-lows). One year later on the 19th Jan 2016 the price has dropped a staggering 2 cents or 13 cents base on Shells website (source: http://www.shell.com.sg/products-services/on-the-road/fuels/price-board.html  S$2.22 / S$2.109 before / after discount). 

On further research, i realise that the cause of this stagnant situation was due to a tax imposed on petrol prices during Budget 2015. (Source: http://www.todayonline.com/singapore/petrol-duty-rates-be-increased). And just like other taxes and charges imposed to reduce less cars on the road, we cant do anything about it, can we? Remember ERP? COE? So how? Either you switch to public transport or learn and remember to do some of the stuffs below; 

1) Plan your route before you set off. 

Almost everyone i know including myself is guilty of this. Singapore is a small country indeed and to get from point A to point B would probably not take more than an hour. However, without proper planning, we may get stuck in traffic jams. Large amount of petrol is wasted if you get stuck in a traffic jam or if you decide to set off during rush hour. 

2) Stop your engine if you are stationery for 10 minutes.

We should have all heard of this one before, and it makes perfect sense. If you are expecting to wait up to 10 minutes for someone, just switch off the engine. All that air conditioning and car entertainment is drinking up your petrol! But sometime i just wanna enjoy the better things in life.

3) Check your tyre pressures.

This is a simple procedure that take just a few minutes to complete. Different car type require different amount of tyre pressure and instructions can easily be found at the side of your car door. If your car is running on lower than required pressure, it simply means more energy is require to drive the car and more energy equals to more petrol. So make sure to check at least once a month if not more. 

4) Get rid of excess weight!

Like myself, the heavier i weigh, the more energy i require to move. I have friends who carry bowling balls and bowling bags weighing over 20 kg in their cars and for convenience sake, its in the car whether or not there is a bowling game later. Well, you pay the courier guy to send parcels or documents right? In this case, you are paying to deliver those bowling balls to nowhere...but the payment is with petrol.

5) Obey speed limits

It has been rumoured that you would not get caught by the traffic police until you exceed the road speed by by 20 km per hour. Meaning to say it should be ok to travel at 90 km/hr on a 70 km/hr road? In any case, the faster your car goes, the more thirsty it gets. So whether you manage to avoid Mr Traffic Police or arrive at your destination a cool 20 minutes earlier than every one else, you are again...paying it with petrol. 

If you actually reach this point of reading through my 5 points of petrol savings but feels they are either too bothersome or unnecessary to you, i suggest you better find ways to save on your other stuffs here. 

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Piercing Pattern - forex market hours clock gadget

Piercing Pattern ~ forex market hours clock gadget

Piercing Pattern

Criteria

1. Its a two-candle formation after a downtrend.

2. The first candle is red (a continuation of the downtrend).

3. The second candle is blue, closes more than half way up the first red candle and closes at or near

the high for that candle.

4. The longer the red and blue candles, the more forceful the reversal.

5. The higher the blue candle closes into the red candle, the stronger the reversal.

Piercing Pattern

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