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Just A Reminder...

Dear All,

I personally urges you to scrutinize any "super "trading system by providing fast rich method or all-in-one signal to realize your dream, before paying fee to them. As we all undertand, the way to fortune is a painstaking process, much due to your hard efforts and practice, do you think people now can produce any super machine better than human brain? Please do not fall victime of "impulsive buying", cool down yourself for some days first before giving your most precious asset: "Money".

Thursday, January 8, 2009

Catching the big waves

Some of you will realised of why I did not trade when there's strong trending market. Actually I trade during those time using additional technique I used before in all my previous posting last year. But you need to know where you enter or ride the waves.

One way to enter in which I like to use it, is utilising the little S&R (Support & Resistance) that develops by the market maves in the 1-minute chart. In a strong up trend market movement like the case with GBPUSD within this week, I will enter at the break of the small resistance and placing my stop loss at the most recent support developed by the market waves. I will then place my target at least twice of the risk I placed for my stop loss.

However, you need to remember before you commit to such trade you must ensure that all 3 indicators in the TRIPLE timeframe must be of the same color. In a strong up trend, all 3 indicators must show the blue color.

Happy trading guys...and I will be back for another live trade next week. I will stay on the side line today knowing the US NFP will be released. Tsunami might be created, and my naval vessels can't cope with that kind of waves...

1 comment:

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