SUMMARY Saturday, JAN 31

Really nice week... yesterday GBPUSD fail to pass 1.4155 and as our analysis she move up in bounching rythm. And for EURUSD as our analysis she continue her down move... Daily trend on EURUSD still in down trend phase, but weekly trend still in consolidation phase, this week she could not change weekly trend to down trend phase. Finally she could reach 1.2762 and bounch there. But we don't know what will happened then...

So, We will do our next analysis on Monday morning.. I hope what i share here could help your trade and GOT GREEN HUH !!!

See you next week,

GBPUSD Friday, Jan 30

GBPUSD yesterday give me a nice pips too.. my all previous sell positions give me a very very nice pips.. And last night I open a series of SELL position again.

OK, what is happened with GBPUSD ? Base on my Daily BB (PaleGreen)and Weekly BB (Plum) hehehe yeah.. i use my own BB.. and it's different with common BB. GBPUSD look like in consolidation phase base on my Daily and Weekly BB. This means GBPUSD still not have a valid direction (base on daily & Weekly trend).

My focus on 1.4155, 1.4117 and 1.4084 today... if she could not pass those levels so we will see bounching up move then. But if she move below 1.4084 so we will see Daily trend reverse to down trend and if she could reverse weekly trend to down trend big down move will be happened ... hehehehe we'll see then

EURUSD Friday, Jan 30

Good Morning all (here 07:00 am)
Nice... EURUSD. All run as our prediction. I have already opened 5 SELL positions, and all already made more than +1000 pips total.. very nice.

OK, what we can see today on EURUSD is she looks like trying to reverse weekly trend (plum line). Daily trend (PaleGreen line) already in down trend phase. My focus on 1.2887 now and then 1.2853, 1.2823, 1.2802 and 1.2762. If this down move on weekly phase just a retrace so we can assume those levels will be a turning point level.. but if she could pass those levels so we will see a big down move because Weekly trend will reverse to down trend.

I plan to watch closely today moves... I'll post all my decission so you can watch it and learn. We'll see then

EURUSD Thursday, Jan 29

Very nice on EURUSD... i'm still hold my first OP since yesterday and i have already add more amo today. Down move still strong, if she continue play below SMA 120 (Plum) maybe she will start her big down move.. hehehe we don't know yet.. so I just ride the wave.. 1.3032 will be my focus now.. if she could pass this level 1.2992 will be the next target .. we'll see then

GBPUSD thursday, Jan 29

I'm still hold my SELL position too since yesterday, and I add 4 position too when she move up yesterday... All positions already lock at BEP +1. 1.4140 still my focus now.. if she could not reach and pass this level i will close all my positions if not i will leave it.. we'll see then

EURUSD Thursday, Jan 29

I'm still hold my SELL position on EURUSD since yesterday. Already lock in profit at BEP+1... My focus at 1.3082 as i said yesterday. If she could pass this level i will leave my position till the end but if not i will close it. Currently, Down move strength still strong.. We'll see then

EURUSD Wednesday, Jan 28

I have already SELL on EURUSD too, nice set up already appears hehehehehehe my target are 1.3191 and 1.3082... we'll see then

Wish me luck...

GBPUSD Wednesday, Jan 28

Finally i get a good set up for Entry. I have already open two SELL on GBPUSD and 1.4140 or 1.4083 will be my target.

Wish me luck

EURJPY Wednesday, Jan 28

Jesssssssssss.. my sell positions on GBPUSD, EURUSD, GBPJPY & EURJPY yesterday really made my heart like a storm hehehehehe but finally the total pips still positive at the end last night. Bad .... very bad....

OK, this morning EURJPY looks like in consolidation phase base on Daily trend. Daily momentum still in down trend and SMA 24 line looks like Flat... Nothing i can do now, i will wait to find a good set up to open my trade... same situation is happened to EURUSD, GBPJPY and GBPUSD too...

EURJPY Tuesday, Jan 27

The same situation as GBPJPY is happenned to EURJPY so I open Sell position too.. 116.31 and 115.44 will be my target. On EURJPY i have to pay attention at 117.16 level, if she could pass this level hopely she could reach my target... we'll see then

GBPJPY Tuesday, Jan 27

Good Morning all....

I'm still hold my SELL positions on EURUSD and GBPUSD since last night (check my post before). This morning i saw nice setup for GBPJPY... Price still play above SMA 120 and SMA 24, but if you check my chart SMA 120 still pointing down and SMA 24 is pointing up. In this situation we can see that Daily and Weekly average not have same direction, so we can assume that consolidation between daily and Weekly movements is happened. We don't know yet which direction gonna following by price.

My Daily Trend Analysis tell me "weak down trend", my daily momentum decrease and my RS Group show me that GBP is weaker than JPY.. so I decided to Open Sell position. I have already load two sell now... 123.11 will be my first target and then 121.85....We'll see then

GBPUSD Tuesday, Jan 27

I have to close my previous sell position on GBPUSD (+5 pips) when i saw she fail to move below SMA 8 and then Open Buy position to ride the Trend... nice pips

So, tonight I have open three Sell position with SL at 1.4094 and TP 1.3741... i feel sleepy (00:38 am here now)... see you tomorrow

EURUSD Tuesday, Jan 27

EURUSD finally can move above SMA 120 (Weekly Trend) tonight. I have to cut loss my Sell positions (-32 pips) when I saw price play above SMA 120 and open Buy position to ride the trend. That's what I really love of this system... we know when we have to exit in win or loss conditions... nice pips on Buy position.

So, now (00:25 am here in Indonesia and i feel sleepy) I have opened three Sell position with SL at 1.3299 and my target is 1.3032 and 1.2965.

See you tomorrow

GBPUSD Monday, Jan 26

I saw that GBPUSD have same situation as my analysis on EURUSD. So after calculating the worst scenario I decided to Open SELL GBPUSD with SL at 1.3992 and my Target 1.3730 and 1.3654. We'll see then

EURUSD Monday, Jan 26

This morning i have really nice pips on SELL EURUSD & GBPUSD. Nice Monday... hehehe in this afternoon i have very nice pips too on BUY both pairs.

OK, now what happened with EURUSD ?
I believe, base on my chart analysis that EURUSD still in down trend. SMA 120 (Magenta) show me that downtrend still valid. The last four candles on H1 Time Frame show me that EURUSD is trying hard to reverse the weekly trend but it's looks like she just coulkd play below SMA 120. Base on my KG Fibo Level the retrace looks like just reach SD +1.5 (Khaki & SlateBlue) and stuck around Daily Average level (Lime).

So, after calculating the worst scenario i decided to open SELL position with SL at 1.3048. My target 1.2898 and 1.2815.

GBPUSD Monday, Jan 26

I have already open SELL for GBPUSD. And why i open the trade, all the basic analysis is not different with EURUSD. Just check my chart.... 1.3579, 1.3550 and 1.3503 will be my target... we'll see then

EURUSD Monday, Jan 26

OK, i have already place my SELL orders for EURUSD. hehehehehehehehe now i'm just watch a Price Action to decide when i have to close all of them. 1.2832/1.2815 will be my first target... we'll see then...

EURUSD Monday, Jan 26

Ahaa... small retrace is happened now...
If you see my chart, i made a sign "C" at current low. I assume a retrace is happened to down wave (B-C)... so i draw a new KG Fibo Level (SlateBlue) from point B to C. Now i just wait my trigger to tell me when i have to put my Sell order to follow the Down wave (B-C) movements. we'll see then

EURUSD Monday, Jan 26

I wake up late today, so i can't ride the down move this morning on EURUSD. Down move already happened so what i have to do ?

Here is my plan:

If you check my chart, i made sign "A" and "B" at the up wave which is happened on last Friday and i draw my KG Fibo Level there. As my wave defenitions, the down move which is happened currently is called a retrace. We don't know yet it will be a medium retrace, big retrace or reversal. But as per my wave definition, if the retrace just reach SD -0.5 (1.2832) KG Fibo Level and move up again it's means she will make a medium retrace, and if she reach SD -1.0 (1.2765) it's call a big retrace but if she move down more than SD -1.0 i called it a reversal.

Currently base on Daily Bollinger Band (PaleGreen), the price still in consolidation phase because price still in Daily BB SD +/- 1 range. And base on My KG Daily Range Level (Lime), currently price stay below SD -1 level (1.2876). The down move still in "medium down trend" base on my Daily Trend Analysis, so i'm sure a retrace still not finish yet. But base on my KG Daily Momentum, i can see currently the down move still weak, because currently momentum still play on daily Momentum.

So, in this situation i will wait until price move to area of SD -0.5 (1.2832) and SD -1.0 (1.2765)... because in that area the turning poit probably will happened. So, for EURUSD, i plan to BUY in that area if all trigger confirm. I will not jump to the flow... for me that's to dangerous.. it's my fall to wake up late so i can't catch the down move, so i have to wait... hehehehehe. I will place My Sell order if there is a small retrace happened in current down move.. we'll see then..

Hope this could help you and understand how i decide my decission...

EURUSD Friday, Jan 23

This morning EURUSD & GBPUSD already give me very nice pips hehehehehe. So, here is my new Buy on EURUSD. no target, it's friday and i will close my position just by price Action now....

***
Have just hit my +1 SL and price look like continous down... Just waiting another moment and wait London Open.... dangerous

GBPUSD Friday, Jan 23

Actually this morning (Indonesian time) i've already open two Sell position too for GBPUSD and already lock at profit (1.3869). If i saw current condition 1.3722 could be the next target for GBPUSD. My Momentum and Relative Strength Currency tell me there is still have enough power to move down. We'll see then

EURUSD Friday, Jan 23

I have already lock my profit at 1.3007. No pressure now.. hehehehehehe... So, what i have to do now ? OK, currently EURUSD still in consolidation zone (price still in BB 24 SD 1 area). I'm waiting she could change her phase to Trending Down phase or not... and Lower BB 24 SD 1 will be my confirmation level now. If price play below Lower BB 24 SD 1 in the next hour.. i will keep my Sell open but if not, so i will close my position with profit heuheuheu....

The reason why i still hold my position is... if you check my chart (H1) you can see my RS Group & Momentum indicator tell me that down move still valid. We'll see then....

EURUSD Friday, Jan 23

I close my Buy position with +60 pips yesterday. I decided to close it because it's looks like EURUSD still in consolidation fase. I was not post my position after that, but i think you know what i did then hehehehehe a lot green.. huahahahahaha. Consolidation is the best fase to collect the pips, open long term position etc...

OK, D1 level set up still not change, I still use it. But, now we go to smaller TF because it's consolidation fase not trending. I made new KG Level there (White color), it's clear enough that price play in SD +0.5 (1.3021) to SD -0.5 (1.2890)area. I put BB 24 SD 1 too on my H1 TF, and it's show me too that consolidation fase really happened on Daily trend.

So, what i have to do ? hehehehehe I have already open two sell (1.3008 & 1.30017) on the top of consolidation fase. 1.3030 will be my SL and 1.2955 will be my first TP. I will watch this like an eagle...

EURUSD Thursday, Jan 22

I have already open Buy position at 1.3003, 1.3256 will be my first target and 1.3523 is my second target. My Stop Loss is around 1.2920.If you check on my chart 1.2926 and 1.2738 will be my Grey Area.

My Inspirations

Below is a piece of post from MiniMe thread that talking about Central Bank. I read it in 2007, and since that moment i change my way to analyze a chart. I keep his post in my computer and i will post here as my first post in this Blog.

********************

Central Banks

I will go through some of the basics in forex that will help to understand the market turning points( I am not the best so if I made a mistake please guys correct me)The first market turning point to which we have no control is the is news released by Central Banks, although we can’t control these news but these news mostly released on specific time of the year so we can avoid these news.

- news that is expected is not going to move the market , it’s the news that is unexpected that will move the market

- Rollover : Countries experiencing rapid growth often increase interest rates while countries experiencing slow growth often decrease interest rates.

- Central Banks there are the one who impose the interest rates
United States: Federal Reserve Board (FOMC hold 8 meeting per year)
European monetary union: European Central Bank ECB
United Kingdom: Bank of England
Swaziland: Swiss National Bank SNB
Japan: Bank of Japan
Canada: Bank of Canada BOC
Australia: Reserve Bank of Australia
New Zeeland Reserve Bank of New Zealand

Although the FOMC will determine the interest rate, the US treasury is the one who will determine if the US dollar is overvalued or under valued so they will instruct the NY Federal Reserve Board to intervene by Buying or Selling US Dollar ( therefor affecting the value of the Dollar in the Froex market.

Bank of England : Bank of England act ( 1997) Gave BOE ( Bank of England ) independence in setting monetary policy, Monetary Policy Committee MPC is the one responsible of interest rate decisions

Swiss National Bank goal is to keep inflation under a 2% annual rate

Bank of Japan: Japan is an export based economy ( BOJ want the YEN to be low at all time )
- Ministry of finance is in control of foreign exchange policy and BOJ executes all Japanese FX transactions at the direction of the MOF ministry of finance
- BOJ apply strong pressure in to keep Yen weak in order to keep export prices competitive so people in other countries can still afford buying those products

The trick is that (80% of the times) central banks revel their intensions way before their meetings and before they issues any statements, hoping this will push the currency to the level they want when they publish their decisions / statements

********************

Have you read it ? Anything special in there ? hehehe maybe you will tell me and shout that nothing special in there KG !!!! Yeah... but for my math brain it's really help me a lot in my analysis......

Cheers