Hi Guys,

Have you heard the buzz already?

Antony & Ronald, two forex programming geniuses, along with well-known forex expert, Mark Larsen, just released a new GPS Forex Robot and it is selling out like candy! Only 421 copies left and this is no scarcity tactic. You can check out the live counter for yourself.

Secure your copy right now while there are still some available (if it’s already sold out, please accept my apologies):
http://gpsrobot.cybermoneyinfo.com

So why all the excitement about GPS Forex Robot?
Check this out:
==> 1 YEAR OF VERIFIED LIVE RESULTS (3 accounts)
==> Accounts are authenticated by the broker
==> Almost 321% Net Profit
And… get this, less that 8% Drawdown!

What other system can provide such results?

Click below to verify the proof and secure your copy:
http://gpsrobot.cybermoneyinfo.com

No doubt GPS Robot is going to be one of the biggest hits in 2010! I wonder how these guys kept it a secret with their beta-test group?!

All the best,
Signature

P.S. Don’t miss one more minute, there are already over 871 comments on the page and only 421 copies left as of now!
P.P.S. If you missed the great webinar with Mark Larsen yesterday, here is the recording for you:
http://gpsrobot.cybermoneyinfo.com

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By Elliott Wave International

Improve your Financial Decision-Making Skills with Guidance from EWI Chief Commodity Analyst Jeffrey Kennedy.

As a high school freshman, I had a friend over to do math homework after school.  It was cold in the room, so I stood on my chair and jumped up and down to try and bat open a closed heating vent.

My dad walked in and commented on the geometry problem we were working on, as I continued to struggle, unsuccessfully, to open the vent. Then, he handed me a ruler from the table and said:

“Simple tools are what separate us from the animals.”

Without another word, he left us to finish our homework.  Sadly, I don’t remember any of the geometric formulas that I was trying to master on that winter’s day.  But you can bet that I have never failed to reach for a simple, practical tool since.

Here at Elliott Wave International, our technical analysts provide you with simple, practical tools that can help your analysis and trading.

EWI Senior Analyst Jeffrey Kennedy has spent years using and mastering — among many other technical trading tools — several well-known moving average techniques. In the process, he has even developed his own personal moving average method that he calls the “Stoplight System.”

For a limited time, the first two chapters of “How You Can Find High-Probability Trading Opportunities Using Moving Averages” are available FREE when you join Club EWI.

In these excerpts, Jeffrey will teach you about:

• Defining the Moving Average and Its Components
• The Dual Moving Average Cross-Over System
• Moving Average Price Channel System
• Combining the Crossover and Price Channel Techniques
• The Most Popular Moving Averages

Like any good mentor, Jeffrey’s insights are meant to help you become more successful and highly evolved in your endeavors.

Here is one of the charts showing how moving averages are similar to the Wave Principle in signaling buying opportunities:

This chart of Corning shows how each time the market moves into the price channel (marked by the short vertical lines), it signals a buying opportunity.  When Corning’s price breaks through the price channel (indicated by the short diagonal line), the trend has turned to the downside.  So, we have a clear uptrend followed by a clear downtrend.

Remember, “Simple tools are what separate us from the animals.”

We have extended our special offer — for a limited time, the first two chapters of “How You Can Find High-Probability Trading Opportunities Using Moving Averages” are available FREE – through December 6th.  Sign up for a free Club EWI membership and gain instant access to the excerpt by clicking here!

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By Elliott Wave International

The “moving average” is a technical indicator which has stood the test of time. Nearly 25 years ago, Robert Prechter described this indicator in his famous essay, “What a Trader Really Needs to be Successful.” What he said then remains true today:

“…a simple 10-day moving average of the daily advance-decline net, probably the first indicator a stock market technician learns, can be used as a trading tool, if objectively defined rules are created for its use.”

Indeed, “objectively defined rules” are vital to the successful use of moving averages. And as you might imagine, advanced rules and guidelines work to the benefit of more advanced technicians.

What is a moving average? As EWI’s Jeffrey Kennedy puts it, “A moving average is simply the average value of data over a specified time period, and it is used to figure out whether the price of a stock or commodity is trending up or down.”

Jeffrey also says, “One way to think of a moving average is that it’s an automated trend line.”

A 15-year veteran of technical analysis,  Jeffrey wrote “How You Can Find High-Probability Trading Opportunities Using Moving Averages.”
[Descriptions of the following charts are summaries from that eBook]:

Let’s begin with the most commonly-used moving averages among market technicians: the 50- and 200-day simple moving averages. These two trend lines often serve as areas of resistance or support.

For example, the chart below shows the circled areas where the 200-period SMA provided resistance in an April-to-May upward move in the DJIA (top circle on the heavy black line), and the 50-period SMA provided support (lower circle on the blue line).

Let’s look at another widely used simple moving average which works equally well in commodities, currencies, and stocks: the 13-period SMA.

In the sugar chart below, prices crossed the line (marked by the short, red vertical line), and that cross led to a substantial rally. This chart also shows a whipsaw in the market, which is circled.

Jeffrey’s 33-page eBook also reveals a useful tool to help you avoid “whipsaws.”

You can read the first two chapters for FREE for a limited time, once you become a Club EWI member.

The first two chapters reveal:

• The Dual Moving Average Cross-Over System
• Moving Average Price Channel System
• Combining the Crossover and Price Channel Techniques

Jeffrey’s insights are all about making you a better trader. Remember, the first two eBook chapters are FREE through November 30. So take advantage of this limited time offer by clicking here!

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By Elliott Wave International

On November 1, the EUR/USD — the euro-dollar exchange rate and the most actively-traded forex pair — was trading the $1.38 range, near the level it is today.

But if you look at what the EUR/USD did between November 1 and 9, you’ll see a huge 400-point (or pip, in forex lingo) rally into the November 4 top — and an equally huge decline back to the levels we see today.

That’s an 800-pip “round trip” in just six trading days — a huge move which obviously caught a lot of the U.S. dollar bears and bulls by surprise. Could you have seen it coming?

If you know how to analyze currencies with Elliott wave, the answer is probably “yes.” Wave analysis helps you identify patterns in market charts and tells you how those patterns — ideally — should develop. In other words, Elliott allows you to narrow down multiple possibilities to a handful of probabilities.

A probability is never a certainty. But it’s better than a shot in the dark, as this example demonstrates.

On November 1, Elliott Wave International’s Currency Specialty Service posted the following end-of-day forecast. (Some Elliott wave labels removed for this article):

[Higher, into a top] The euro is poised to thrust above 1.4160. The question is if the thrust takes place before the FOMC announcement and ends afterward, or starts in response to the announcement. Before or after, the euro should hit new highs.

What gave Currency Specialty Service the confidence to make that forecast? It was the “contracting triangle” pattern you see in the chart above. They often appear in 4th waves, right before the market’s final push in wave 5. The EUR fulfilled the forecast with a 400-pip rally into the November 4 top. The following day, our Currency Specialty Service wrote:

The euro is reversing course after a thrust from a triangle. The decline from 1.4283 might not be in five waves, but it has the characteristics of an impulsive wave. A correction of the rally from August should reach the 1.3636-1.3700 area, the 38.2% retracement of the advance…

…which brings us to the price levels where we find the EUR/USD today. And if you’re curious to know what Currency Specialty Service has to say now, you have a great opportunity:

FreeWeek is live through noon EST on Thursday, November 18! You can access all the intraday, daily, weekly and monthly forecasts from EWI’s Currency Specialty Service right now through noon Eastern time Thursday, Nov. 18. This service is valued at $494/month, but you can get it free! Click here to access Currency Specialty Service FreeWeek.

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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

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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

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TEB63 Thought on Forex Factory

Source:

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

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You may be missing trading opportunities staring you in the face. The charts you look at every day could reveal high-confidence trade setups and market turning points. You can learn how, today.

Elliott Wave International (EWI), the world’s largest market forecasting firm, has just extended the “downloading deadline” for their free eBook, How You Can Identify Turning Points Using Fibonacci. Thousands downloaded this valuable trader’s resource in just one week, prompting the EWI to make it available free until December 7.

It features 42 chart-filled pages of actionable Fibonacci techniques that you can add to your trading arsenal right away. You’ll never look at charts the same way again!

Created from the $129 two-volume set of the same name, this valuable eBook is a must-have for any trader.

Don’t miss out on this rare opportunity to change the way you trade forever. If you missed the opportunity to download this eBook last week, here’s your second to download it by December 7.

Go here to download your free eBook.

Warmest regards,

AidilAzhar

CyberMoneyInfo

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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.

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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

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