Posts

MISTAKE USUALLY DONE BY A NEW TRADER

Image
 After several years of trying to find a holy grail of trading technic in the market, and finally, I've found one. The thing I've found is not a holy grail technic, but I found my mistake I've done during trading all the year. My first sight in trading that I believe for a very long time is in trading must have up and down and I usually stick to one method when it performs well with me and when it starts not to perform well with me, I start seeking for new technic that I will call the holy grail later one. After a few years of seeking a thing that doesn't exist, I just realise something that I never believe before. I realised that the technic has nothing wrong with what I'm doing. The thing that has done wrong is me. The best example I can relate is about school. The success of one student is not 100% toward the school management or whatsoever.  The most important is how the student can adapt to the school system. The preliminary school has a different system compar...

MY TRADING SUMMARY WEEK 4TH OF MAY …Sneak Technical Analysis Review for Silver

Image
My week started with the carry-over trading last week with some additional pair JPY, USD, and cryptocurrency.  By the end of the week, only pair XAGUSD has reached the TP while the other has failed to break a new high and make a further correction at hit my BE point. Ideally to form at least another leg down before rebounce and continue the uptrend movement. While for cryptocurrency, I'm still awaiting either the price will break the previous low level or it's will climb a bit before continuing to make a deeper correction. XRP has broken its low level on 19th May has reached WXY equal leg formation. It's just a matter of time will decide either other major cryptos will complete their leg or only truncated before continuing the uptrend direction. My interest still in precious metal where I keep tracking movement Gold & Silver. As my Silver has reached the previous TP, I'm awaiting Silver to create another high to break the previous high of 28.73 and seek another BUY ...

CRYPTOCURRENCY POSITION ENTRY 3rd WEEK OF MAY 2021

Image
What happens to this cryptocurrency lately? after Elon Musk the multimillionaire tweet on the cancellation of BTC as a payment method for buying his Tesla car, there is a spike to the downside drastically. For me, it's a good opportunity to buy this crypto at a discounted price where I missed last Feb 2021 at 43k USD. Right now, the BTC price has reached an equal leg of the correction zigzag wave "C".  My forecast, BTC price might go up the minimum to 70k USD as my midterm TP before either I will decide to continue to hold this cryptocurrency or sell it for profit-taking. I hope this BTC will be the replacement for my XRP position that I closed last week due to panic selling.  It really makes me frustrated with the wrong move I have made, but if the XRP makes another round retracement to form the corrective structure of WXY, why not buy it again at a more discounted price of 0.70 sen. Follow the system and apply it to the trading application, that the only I know because ...

My Entry for 2nd Week of May 2021

Image
My point of view currently for shorting JPY and USD. This happens because of the bullish pattern that I saw in the indices structure. I always make USDJPY as a reference on the strength of USD with correlation to DXY index movement.  With the view of strong indices structure and sideways of USDJPY pair movement, I've decided to buy commodities instrument and pair for the low risk calculated, however, my first entry was too early that makes me hit SL for pair NZDUSD, AUDUSD & EURAUD. The correction happens to be a deep correction and made all of these 3 pairs have to be cut loss. The second entry has been set up for double correction position WXY where the price has formed Bullish Divergence.  For the second setup, I have entered buy for 2 pairs JPY (AUDJPY & NZDJPY), 2 pairs of USD pair (AUDUSD & NZDUSD) and 1 pair of metal where I already shared last week about XAGUSD. In my opinion of view, this JPY & USD pair will have another 1 wave of correction "C" t...

PRECIOUS METAL...IS IT THE RIGHT TIME TO INVEST??

Image
From what we can see today, Indices start to make another extension to continue their bull run however retracement is needed.  With the uncertainty of the Cryptocurrency price movement, precious metal i.e Gold and Silver has created another new HH price structure and it has clearly shown a great run.  Is it the best time to shift the portfolio from Cryptocurrency to this precious metal already??? Referring to the comparison of Gold and Silver price structure clearly, Gold/Silver price has rebounce at the nearest SBR 69.56. With the price around USD27, Silver will provide more room for the bull run and profit percentage compared to Gold.

THE START OF NEW CHAPTER

Image
This is my first post for this blog.  This blog has been created to show my commitment to the Investment Industry.  I've been in this industry since 2011 and I believe it's the right time to share the knowledge that I gather and return back to the community.