Correction post

Yesterday I write an entry without seeing the picture that I uploaded. A friend ask me where is the blue rectangle that I mention in the entries yesterday. So sorry for inconvenient that I caused. This is the proof that I'm loosing my focus on trade.

Downturn EURUSD 15DEC2008

Hopefully wave 3 is reaching the maximum for last week trade. I'm still floating about 386 pips at the moment due no stop loss setup. This is a big mistake that we should alert with. Even though I trade $0.02/pips, it hurts my eyes and break my heart when I see it. Please concentrate when you're about to enter the market.

For the 1st 3 days of trade last week, it was very successful trade. The trade is getting wrong when I'm losing focus on it. I should not trade when busy at work place. Ok, what is happen is happened already. Let us move on for the next week trade.

In the chart below shows that wave 3 is complete (hopefully) and going to down turn to make a wave 4 in 4 hour chart. The blue rectangle there is the target to complete wave 4 (hopefully) and it will minimize back my floating trade for last week. At that point I should cut loss my trade to minimize the losing trade.
No trade setup is provided for this entries, so sorry for the fellow readers. December is my busiest month at my workplace.

Thinking about unit trust investment

In these turmoil that we all faced all over the world, what would you think about investment? Everyday stocks is going down, blue chips organizations is loosing out the flying colors they make back then. Most of investor thinking to cut loss and they are lobbying the to whom with veto power to bail out. So, their are cut loss became the sweet escape. How about us, the tiny investor who have no power and connection to ask for it. We are forced to cut loss with these pressure, then the bail out scheme program appear suddenly to save it.

Who is getting the profit? Why did they do that? And what am I thinking to invest in unit trust?

I have an idea, mostly is sounded insane. I'm going to invest anyway. This is my money and I afford to loose in this investment. There is no time limit to let the boat go. Dear unit trust agent, here I go.

EURUSD result 08/12/2008

In the picture attached below is the result of the last setup. Not just it hit target, but it hit em all. The blue rectangle is the 2-3 profit. The red lines it the take profit level.

EurUsd Prediction and Strategy

As per 4 hour chart wave counting, it seems like wave 3 or C in the making. Whereas wave 1 or A at candle 1.3080 which is the highest price level on Nov 28. The wave 2 or B spotted at the lowest point on Dec 4 1.2548. Last Thursday, the price breaks the 1.3080 resistance which means the change of trend is begin. There will be a bullish for tomorrows trade.


For easypipers, I hope you still got the calculation to calculate the optimum profit.

D = (B-A) * (A) + (A)

Here is the setup.
Stop Buy 1.2714
Take Profit 1.2840
Profit (pips) 126
2-3 Profit Min 1.2876 Max 1.2959
Risk to Reward 1.5494:1
Stop Loss 1.2626

WARNING!!! Forex have a very very very high liquidity. Please trade at your own risk. I'm not responsible for any losses.

Profit taking

Precious metal (gold) is dropping down below USD800 since yesterday market opened at USD818.70 and closing at USD768.70. It is about 5000pips drops in one day. Even it is not the popular drops, but it might hurt when the 1st day of month the price were drops.

Mostly the factor is the investor it self. They take profit due to year end sales possibly. Who don't want any profit if their lost is bailing you out from loss?