Blessed morning to you all,From the weekly chart is shoe that the retracement up is above 61.8%, therefore for my observation this week is good for sell position.
17 years ago
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27May,2009 Daily Analysis on GBPUSD - Good afternoon, sorry to post late, because today I have few Business meeting therefore no time to go details on the daily chart here are the information wo...
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27May,2009 Daily Analysis on USDCAD - Hello, Good day to you all, from the chart, yeaterday is completed the retracement about 23%, to day is a good day for us to short the market, it is good ...
17 years ago -
26May,2009 Daily Analysis on USDJPY - Good morning may God bless you all, Let us look into yesterday price bar, Open = 94.55 High = 95.19 Low = 94.41 Close = 94.91 MFI = Squat bar Total pips = ...
17 years ago -
FOREX is Gamble? - FOREX is just a type of finance instrument that God has allow it to be a tool that we can use it to earn our living. It become a gamble activity is because...
17 years ago -
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About Me
- Derek Cheah
- I was study stock market before i knew about FOREX and I have makes a decision just focus on trading FOREX. I will tell you "why" in my other articles. Elliott Wave Theory and Chaos Trading are helping me to become a Profession Forex Trader. Through the years of study and practice these theories, I found that when I apply them to analyze the FOREX market, I able to find out my position, and much more easy to setup entry point, stop loss and profit target, they are truly help me to find out opportunities and generate more profit with less time to monitor the market. If these theories are not workable, do you think that I have time to setup and update my blog? I myself often apply them on my daily chart trading. The reason that I like Daily trading is because it provide me higher pips to profit and less noise on the chart therefore it become my major choice to trade, beside that I have more free time for my family and other activities because I only need to monitor the market once a day. Intraday trade is just for me sometime to do some testing trade to improve my skill of trading in forex market. Basically these theories are workable on long, mid and short term trading.
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