Last signal of AudUsd failed. AU decided to turn the trend with a single move. Currently working on a short term system. Now I know its really hard, to trade short term but always trade with fixed amount of SL in order to control your loss.

Long UsdJpy @ 105.20 or better
SL = 50 pip
TP = will inform later.

EU and GU is currently in uptrend mode with EU being the strongest of the two. Correction is coming. Its better to short GU at 1.8622 or better. You have to calculate the risk yourself.

AudUsd has made a double top level 3 (thats what I called it). signal should be as follows

Short AudUsd @ 0.8074 or better
SL = 50 pips
TP = will inform later (Its a moving target)

There are many ways to make money in Forex, not to forget there are a million ways to lose money in Forex market. Its an open market design for open competition. Only the smartest will survive.

A little something about Baseline Trader. I have spend more than 2 years looking at charts. I am looking at charts through technical aspect. Meaning, there must be some logical explanation why forex behave the way it is. Looking thru the naked eyes, forex market is unpredictable, wild and hungry. Its like a tsunami wave, destroying everything in its path but then there are wave surfers who make a living out of surfing waves. How is that possible?

Baseline Trader will be based on Fibonacci numbers. Believe or not, Fibonacci is a wonderful mathematical calculation. In the chart there will be short term and long term trade, fib levels, entry and exit, sl level all bunch up in a single chart. Sounds too much but believe me, once you know how to read it, one glance and you know where you are going to be. It is design to be simple yet precise. If you read the chart right, you will always be with the trend and you will always know your exit.

Below is a chart of GJ trade which I took. I like to share with you the chart since willcare is giving signal in the opposite direction. My entry and exit point is based on Fib levels. In the chart the level is not shown since Marketiva doesnt have the indicator available. My full chart is on MT4. Btw, I missed my entry so I will not trade GJ for now. My entry is exactly on the black line.

Its been a long time since posted. On 16 July 2008 that is my birthday, a friend of mine call me up and gave me a birthday present. He said that I should short GBP/USD no matter what. Guess what, till today GU has moved down 2500 pips. Talk about a good birthday present. Thanks Abbas.

I will be posting a short term trading strategy soon. I called it Baseline Trader. It is a short term trade strategy couple with a good money management will give you good result. It is because the high win trade ratio.

In the mean time just sit back and enjoy my birthday present

Last nite usdcad fall too much and too fast. Is is unexpected. As usual when a pair move too much and too fast, it will lose it balance. As a result, usdcad maybe entering swinging mode for a few days. It doesnt really has direction. It will just goes up and down waiting for it to balance out before a new trend continue.

I am still holding usdcad short for now but in the long run it is not profitable. I will exit soon and wait for the equilibrium of the pair.

Market is swinging here and there but I think its going to settle into a trend soon. Here it goes. Trade with cautions

Short USDCAD @ 1.0550 or better

Long AUDUSD @ 0.8500 or better

The idea of how to be in profit in forex is to have a good system. A system with accuracy of about 80% or better. Then you take trade using a fixed risk. Meaning all your trade have a fixed value of SL but unlimited value of TP. In the long run you will be able to profit since the accuracy is over 80%

Its monday and forex is moving slowly at the moment though the direction is clear. Trade to the direction and take profit at will. Enter again only to the direction.

Off topic for a while, I just wanted to share with you a new way to call and best thing is call for free. There are a lot of program that will allow you to call over the internet for free. Some of them are Skype, Gizmo, Fring etc. What I am going to tell you today is how to make free call using Gizmo.

In short gizmo is a pc and phone application that will allow you to make free call using the internet through GPRS, EDGE, 3G or WIFI. If you have a phone that is capable of WIFI connection, then you can install this software on the phone and make free calls to using WIFI network that is available mostly everywhere.

Why I choose Gizmo. Its because Gizmo is currently supported by Nokia Beta Labs. The installer is available and implemented directly into Nokia Phonebook. You may find the installer here.

Apart from that, there is also a desktop version which you can make free PC to PC calls. Download it and install to PC. There is also ALL CALL FREE which you can read at the gizmo website.

Go ahead install and leave your username here so that we can call each other for free