26 February 2017

Back to BASIC

Assalamualaikum,

It it now towards end of February. There is some few things happen in my life where I am not able to get what I am pursue and definitely it brought me to the other direction where I am now. However, I am very grateful for what I have now and I think this path I should continue and let see where it goes.

Starting from now I will share my journey as SRDC trader, I will put 110% commitment to attend class and do the homework. Sensei is one of the humble and great teacher that I have been in my life.
So yeah, less talk and more hardwork towards the financial freedom!

#takethetop

30 December 2016


30.12.2016
EUR/USD

Technical Analysis
The EUR/USD making significant breakout at key level of 1.05170 which is I discussed previously. Price start making immediate reversal after the rejection at the level of 1.03691 which is formed triple bottom pattern followed by BUOB candlestick reversal pattern. The breakout of EMA55 support the upward movement. 

I have late entry as soon as I realized the potential set up but eventually the price move as predicted. I have no intention to cash out soon but I am participate for long term uptrend movement this coming new year. I will waiting for another potential set up after this successful breakout if price tend to make slight retracement and wait for the right pattern to support the decision making.

Fundamental Analysis
We have been saying this for the past couple of weeks ever since the Fed hiked rates and also made a statement that was more hawkish than the market ever expected it to be. It basically laid out the path for at least 2 and probably 3 hikes over the next year and this basically means that the funds are ready to be moved into the US and the dollar as the economy gains in strength. Though the presence of Trump does throw in a bit of uncertainty into the picture, the market is just not ready to hear all that just yet and is busy focus on pricing in the rate hikes which are about to come in 2017.The situation will become more clear as we enter into the new year and the traders begin to get back to their desks. The liquidity will be much stronger and the moves will also help us to identify trends and flows even better. 

But so far, there does not seem to be much stopping the onward march of the dollar and the Eurozone leaders are not making it any easier for themselves next year with the Brexit process set to begin and Germany also going into an election in the middle of 2017, an election that will be watched with interest to see how Merkel fares in it. A loss for her could be nothing short of catastrophic for the Euro as she has been the strongest leader in the Eurozone so far. Till then, we will just have to wait and see how the dollar strength pans out


Source
Metatrader 4
FXEmpire


28 December 2016


28.12.2016
GBP/USD

Technical Analysis
The cable pair show slightly upward movement in recent days. The price will retest the key level of 1.23 for this week. If breakout happen, strong potential bullish trend upcoming next year. Another thing to concern is when the price reach EMA55 as if the price tend to breakout the EMA55, there will be adding more pressure for upward momentum. Bullish divergence of MACD indicator againts price movement adding more indication of breakout pressure on this stage as investor will watch the price reaction on this key level.

Fundamental Analysis
The macroeconomic calendar empty since the release of Q3 GDP revision last Friday. For today, the only piece of relevant data will be November Mortgage Approvals. The pair remains sideway, although pressured lower by renewed fears over a hard landing once Theresa May pulls the Brexit trigger, and while trading activity is likely to remain subdued for the rest of the week, chances of an upward correction are scarce.



Source
Metatrader 4 Application
FXStreet

27 December 2016


27.12.2016
EUR/USD

Technical Analysis
Price currently heading towards key level of Support becoming Resistant which is in 1.05170. Last week we may seen price bounce significantly from the support level of 1.03632. The reversal was support by the Candlestick Pattern of BUOB and the divergence of MACD againts price movement. As usual, we should wait for the price reach any key level and confirming with other tools before making any decision.

Fundamental Analysis
Looking ahead to today, we do not have any major economic news from the Eurozone and except for the Consumer Confidence data, which does not cause much volatility usually, from the US, we do not have any other news from the US as well. So, we expect the pair to continue to consolidate with a slight bullish bias but it would require a clean break of 1.05170 for the pair to make any further serious progress.


Source
Metatrader 4
FXEmpire

27.12.2016
USD/JPY

Technical Analysis
The USD/JPY moving down slowly in recent weeks after rejection at the level of 118.636. Price recently nearing the 55EMA and we may see further ranging movement until end of the year. Nearest support we may seen at the strong level of 114.729 when resistant become support. At this moment, no clear indication of the price movement as we should wait for the price to reach any key level and seek confirmation from candlestick/chart pattern before taking any action.

Fundamental Analysis
The Japanese Yen heads into the end of 2016 near multi-year highs vs the US Dollar, and economy developments suggest the JPY may finally break the 100 level before the year is through. Continued inaction from both the bank of Japan and US Federal Reserve represent the bigger risk to USD/JPY exchange rate. Other key risk are the rise of trade protectionism and financial market volatility. And indeed, the status quo suggest the USD/JPY will likely fall further until we see major changes.


Source
Metatrader 4
DailyFX

23 December 2016

Date : 23.12.2016
Pair : GBP/USD

Technical Analysis
After bouncing significantly at the level of 1.27827, price continue bearish mode since last week and the clear direction at this moment is to the support level of 1.19949 which is the round figure will be 1.20000. Opening price today is below 250pips of 55 EMA which is clearly show the strength of downtrend momentum. I am not taking any action at this moment as I will waiting for price to reach nearest support/resistant level and look for the candlestick/chart pattern to see if there any potential set up.

Fundamental Analysis
Market participants will waiting for the result of Q3 Current Account balance which is expected to show a slight improvement and come-in to show a deficit of 27.45 billion as compared to 28.68 billion recorded in the previous quarter.

22 December 2016

22.12.2016
EUR/USD


Technical Analysis
The EUR/USD pair climbing up for this few days and we may see the price will be retest at the significant level of support becoming resistant at 1.05170. We may wait and see candlestick pattern to form at this level before making next decision.

Fundamental Analysis
There are no upcoming major release so far as investor will likely to watch upcoming US data which is the final revision of the QE GDP, Durable Goods Order and Personal Consumption Figure.

20 September 2015

S.O.L.I.D

Assalamualaikum

Its been a long time I didn't post any. For the last 4 years, I did make a lot of progression silently.
I have been learn from many especially from the big player and top trader.
Forex trading always become one of my strong passion and i always eager to learn from the best.
Those i have learned so much from so far is Khalid Hamid(Teknik Forex Sebenar), Nasir (Kuasa Forex), Nial Fuller and Orange Roshan (SRDC).

So far, i was able to modified and develop one of the finest trading system ever I could ever saw. But the case is for Forex trading only. With SRDC, that is another case which I cant shared here for the purpose of protecting SRDC asset.


Here, I will shared a lot of value especially 90% section which cover psychology and attitude as a trader and the balance 10% my journal of my current trading system for Forex Trading System which is

TL3 ( Teknik Lilin Ketiga )
-Basic
-Advance
-Extreme

TMA ( Technique Moving Average )
-Basic
-Advance



S.O.L.I.D

07 September 2011

Formula Pips Nieys 5/9/11


Trade Idea

4Hour Chart
Trend DOWNTREND

15Minute Chart
Paling penting adalah anda mesti dapat mengenal pasti zon resistance. Ingat syarat utama Sell adalah sell di resistance/top(puncak). Selepas itu, saya set Stop Loss diatas zon resistance dan target profit pula pada kedudukan realistik dan boleh di capai.

Result
Profit in Pips = 23
Profi in USD = + 23

Total Adjustment Account = 2.3%

03 September 2011

Formula Pips Nieys 2/9/11


Trade Idea

4Hour Chart
Downtrend

15Minute
Sell di Resistance selepas price bounce di resistance zon(trendline). Tetapi, price kemudiannya retest,hit stop loss saya(fake breakout) dan menuju ke target profit.

Result
Loss in Pips = 21
Loss in USD = -21

Total Adjustment Account = -2.1%