USDJPY Trade

Check out this graph! The Fib is so accurate! Amazing! The Fib was drawn on 21-Sep when the price was sitting on 61.8% level. I entered the trade when the price broke below 100% level. Stop was placed at the 0% level (which up to the limit that I can absorb if the trade went north). My exit point was at 161.8% (pre-set).

Check it out! Not only hit my profit target but further went straight to 261.8%. It was a good trade and more than 100 pips gain in total. This really make a killing.

However, the graph beside is my "paper account". It showed USD743.98 (standard account). Wow! Haha. For me, I did grab this good chance, but just placed one MINI lot in my real account, which only have about USD45 in profit. Still no bad.

Biggest Test Yet to Come for US Economy

Hi All,

Check out this news. Most investors worry about the major pullback in the market thus does not enter the market for the time being.

Biggest Test Yet to Come for US Economy

USDJPY In a Very Low Trend

UsdJpy formed was consolidating from 08-Sep to 10-Sep. Upon breaking out fromt the channel, the ADX broke above 25 (gaining sufficient strength for the bear), RSI hit below 40 (Bearish half). It headed towards the 1.618 level and broke through it. It was almost touching 2.618% (at 89.96). Now it's consolidating again. The bear is losing strength, RSI went into the grey area. Upon gaining sufficient strength for the bear again, it would head towards 2.618 level.

Gold Rally

Gold Future Hit Above S1000

Just have read the news, now sharing here.
Gold rallies above $1,000 an ounce - MarketWatch

Ohter Gold related ETFs: GLD, GDX, UGL, ABX, HMY

EURUSD Trend

EURUSD Short-Term Brakout (30m)



However, when switch to a different perspective (daily), a 'Rising Wedge' in an uptrend is observed. According to the "Breakout Patterns, pattern #20", it's a SELL signal. However, this can only to be confirmed once the price break below the lower trend line.

EURUSD Long-Term Trend (daily)


This is my analysis and please take it as reference only and DO NOT take it as trade signal as I still a novice trader :)
Pls feel free to comment.

Welcome!!

Hi Team,

It's dreams that gets us together. I always believe that Self-Made Millionaire cant be 'one-horse running' Millionaire. It has to be a team that sharing a common target, consisting of super-charged highly motivated members and committed to win the goal. It's my greatest honours to be part of your team. Here, we will share everything regarding the art of trading. We'll get here as as the ground that sharing information, learn from each other, contribute our opinions and of course, giving some trading tips (if any).

Thank you for joining the team. I'm sure you'll enjoy and be benefited. We'll have a good time ahead.

News Watch

Hi Team,

The link is the Stock Focus on Market Watch on Tuesday. However, today is the Federal Labor Day. So, the market is closed.

Stocks in focus for Tuesday - MarketWatch

Trader's Cycle