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Hi Guys,

Yesterday was a significant loss. Nevermind, its a process of learning of this system. At least im not hidden for what I’m doing. So talking about today’s trade view, I’ve entered long for both GU and GJ currency pair last nite before I went to sleep.

For GBP/USD I’m going long due its broke the Daily Seller Balance line with 8hr LSMA pointing up.

The same reason goes for GJ, Im targeting GJ to be at daily buyer line (133.00) for exiting profit and for GU at Monthly buyer balance (1.5275)

4th Trade:

Reason:

Price break 8h LSMA daily

daily LSMA pointing up with price above it

Price break Daily BS band and Monthly BB.

Target will be at Daily BB @ 1.5314

Meanwhile, GBBJPY entry stop triggered according Chaos system. Breaked the fractal as in chart

6th Trade been stopped out with profit lock 1 pips (below):

Target: 133.40 Resistance Line of Fibo Pivot

Im greedy.. Cautious to me..I open to more short position.

As a result.. always hit stoploss.. what to do.. supposedly no need to open many position if stoploss were not hit.

For US Session:

From the chaos, I knew the market is already running out of fuel to go short. But I dunno somehow Im not so lucky, my stoploss were hit. Im lost 24 pips for this and not satisfied because Im riding the market feeling (Based in price action)

I put another buy position as below and recently close it.

This trade made me 77 pips in profit, i cant close early cause I wasnt in front of my trading terminal.

Thats all for today. See you tomorrow.

Summary:

1st: 85 pips

2nd: 36 pips

3rd: -24pips

4th: 1 pip

5th: -36 pips

6th: 1 pip

7th: 17 pips

8th: 1 pip

9th: -24 pips

10th: 77 pips

Total: 134 pips

Based on market open today, after considering several factor, I waiting for bullish opportunity and will enter market only if the price cross Daily Seller Balance Band (Green Color) since all other condition of LSMA are agree with the bullish condition. Now the market still regain its momentum for moving and hopefully will show some hint at London session later. Any bearish opportunity will be taken if the price goes below both Blue and Yellow LSMA level.

Just now I’have accidentally buy due to wrong assumtion of candle color. The candle break the line but still not close on top of it. Without proper double check, Imso exited and taking long position. Then after that only then I’ve realise the candle still not close. Result : Ive stopped out -34pips.

Lesson: Ensure candle close first

Action: Change candlestick to barChart since the template show the same clor for bullish and bearish candle and make me confius.

Im waiting for one more candle for considering to go short

2 more trades:

Summary:

Trade for today: 6

1st: -34 pips

2nd: +8 pips

3rd: -59 pips

4th: -53 pips

5th: -24 pips

6th: -25pips

Profit: -187 pips

Hi Guys,

Its been a very long long time I didn’t update my trade journal since I’ve been quitting this trading arena about a year ago. Nothing much I could do within a year time frame until I’ve decided to try it back. I have started my account in InstaForex broker since Interbankfx no longer provide me 1:400 leverage which I usually used.

As a start, I’ve deposit a total sum of $100 in order to test back my skill on trading. I know maybe you were thinking to ask me why I didn’t trade demo? Its because you might know as well demo and real trading feeling is totally different [or maybe I'm Ego As well. Hahaha]. So because its so long of closing chapter in this arena, I’ve almost forgot nearly all the trading plan, system, money management I’ve used before.

As a rewards, I’ve encountered major loss especially on GBP/JPY due to its triangle correction unfolding. I’ve lost hundreds of pips in just one week, a massive lost that cost me $30. Fyi, my account is in forex micro and stated as dollar cents instead of normal dollar value. $100 will be stated as $10000 and I’ve lost $30 which is in cents 3000 bucks. That is a lot if we look deep into the ROI. A 30% loss in just a week. Imagine how would it be for a month. Simple mathematics calculation, it will be 120% draw-down. Since forex introduce a margin call scheme and YES we should say I will have a MARGIN CALLED by a month from last week date.  In simple words. I’M BANKRUPT See my Trading below

Despite of letting this things happened, I’m taking a footstep to revise back myself and what so stupid is I’ve react back as a noob trader which I changed my trading system. OMG! Previously I’m using Chaos Theory and Elliot Wave as my trading guidance. Unfortunately, I’m lost in the bearish and bullish battlefield. Without procrastinating at all, immediately I change my trading system and do a lot more of testing, as a result in between, I’ve lost more. I change the system again until I’ve found a new trading system called “KGBS Trading System” invented by an indonesian trader called Kang Gun. After been using this trading sytem for 3 days [still a lot more to read], its slowly remind me how the trader should be as I before did but now dont . Basically you have to follow trading plan, be patient, analyze market seriously and always alert why you open position of your trade. After all, its your money.

After I’ve realized, I’ve been thinking that I should stick to my technique since it’s not technique that ruined our account portfolio, its just us [US? yes, its me and perhaps you too!!]. But when Im thinking back before making any big decision, I’ve decided to stay put to the system. This is because I need to pay back to the owner of his tremendous knowledge putting all this system together. What type of pay back? By helping newbies to learn to trade FOC. This is not saying that I wanted to be GURU. Hey! Im still newbies [due to someone say to me please dont act as a guru. I had many other things to handle than to be a GURU. Of course I would love to help and share and that doesn't mean I want to be a GURU. I've respect Kang Gun as a Guru and have NO INTENTION to act as second Kang Gun.]. Hmm but at least he [that guy who claim please dont be a guru] taught me fully of this system. I should thank him for his support. Its just when I feel something were not in place, I have my rights to defend myself. After all, its my blog. [Weeeee ]

Enough with the Emo..hahahaha Now after start to put back the trading style in place. What will my view of tomorrow market open? FYI, I’ve change to trade GBPUSD instead others since GBPJPY is too volatile for me to trade and I’ve been in trauma since last week trading GBPJPY although this pair gave me thousand of pips last time. Forget your past. Move forward and dont look back

From the chart above, what I can say is, I’ll have to wait an option to go short or long with a major preferences to short since its short term trending is down. However, based on unable to penetrate the monthly buyer balance line [blue color]. Im considering its finish its correction and wanting to go up. Whatever it is, we all have to wait this Monday open to see the continuous view.

Judging by the fibonacci line taken in the TF1h, there is a major 3 lines of fibo (38.2%) act as a support to current price. Thus, Im firm that there is a major possibility its gonna go up soon [eventhough Im looking forward to see bearish took into action in intraday term]

And looking to bigger time frame in daily as example, Im looking forward it will correction until 1.5650 (50%) Fibonacci line.

Well, that’s all I can say for the time being, We will see tomorrow’s night how the market will unfold. I wish good luck to me and you guys also. Hopefully I will not have margin call anymore for the 2nd time

See ya!!

Catch ya later!

Regards,

Aidil Azhar

I would like to share to all about this guys quote a nice interesting thought of forex trading methodology. Credit to TEB63 for his quote.

TEB63 Thought on Forex Factory

Source:

http://www.forexfactory.com/showthread.php?p=249451#post249451

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Warmest regards,

AidilAzhar

CyberMoneyInfo

The spot market always has been the largest market because it is the «underlying» real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future.

The spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a spot deal. It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash.

Hey Guys

I have a great little system for you to experiment
with. It’s call the “Forex Navigator System.”

It trades the GBP/JPY on a 5 minute chart. Very simple
to set up and at first blush looks not to bad.

You can download your copy here:

http://greenpips.cybermoneyinfo.com/forex-ebook/the-forex-navigator-system/

Regards,
Aidil Azhar

Hello and welcome. After recenlty I repair back my blog and made a new installation of wordpress. Tadaa. all goes smooth and well. How r you?

If you follow my previous counting you may be asking why did british pound does not go up. Sorry for the late update for my count.

The reason is wave 4 has fully unfold with the 23.6% of wave 3 retracement and now waiting for wave5 to unfold at first target of 123.6% enpansion.

here is my view :

So happy trading to all

Regards,

Aidil Azhar

My analysis are with the guide of my fren al-yaqen that willing 2 teach me .

My last analysis was on the divergence segment on January 16. But I didnt post here because Im busy with my final year project.

here is the analysis on previous day (Click Picture for a Bigger View)

Then after giving the price allowance of time. What can I expect is as my chart below

This is my view for this time. Hope to see you soon. Good Luck and Happy Trading

My analysis is based on Elliot Wave technic. If you feel that want to learn and Elliot Wave Analysis. You may watch free e-learning video of Elliot Wave from the link below

Gud Luck

Regards,

Aidil Azhar

Novice Trader

Dearest reader,

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Warmest Regards,

Aidil Azhar

Novice Trade