2007 - Year End

Greetings fellow readers of ForexNewsPaper.blogspot.com,

The year 2007 is coming to an end soon and most of us has already closed our books for the trading year. 2007 has definitely been on interesting trading year with full of surprises and mega movements. Nonetheless, all of us can't wait for 2008 to start with all of us back in the trading arena.

I have officially closed my books for 2007 with a couple of last minute trades :) There will be no updates for the rest of 2007 because I will be away on holiday, enjoying my lifestyle and will only be back in 2008 :)

2007 - Some of us made handsome profits while others made ugly losses. For profitable traders, continue to be profitable next year, maintain your good discipline and abide by your strategies diligently. Do not be over confident :) For those with negative accounts, do not despair. Spot and analyse on where you went wrong and do not repeat your mistakes. Important note, do not convert your mistakes into bad trading habits. That's a nightmare for any traders :)

With that, I will like to wish loyal readers of ForexNewsPaper.blogspot.com and everyone around the world a Merry Christmas and a Happy New Year. May 2008 be another prosperous trading year and hopefully, Osamex will finally make his appearence to host the weekly video Forex analysis on ForexNewsPaper.blogspot.com in 2008 :)

Warmest Regards,
ForexNewsPaper.blogspot.com

Selamat Hari Raya Haji (Aidil'Adha)

Wishing all of the Muslim readers and Muslims all over the world a Selamat Hari Raya Haji (Aidil'Adha) and to all non-muslims, a Happy Holiday :)

From: ForexNewsPaper.blogspot.com

My GBP/USD Trade (19-12-2007)

*Attached charts to this post (Before & After), click on it for the enlarged version.

Hello everyone,

My trade today (19-12-2007) with the GBP/USD.

Basically, I was looking at the EUR/USD but something pulled me over to see GBP/USD instead. Just happen when I was looking at it, candle pattern was happening right in front of me, very nice and sexy, I shorted GBP/USD at the price line of 2.0079 at 5:46pm (Singapore Time). My Stop Loss was at 2.0115(36pips) and Target Profit at 1.9975(104pips).

I did my stuff for Hari Raya Haji tomorrow, just happened to check my laptop now at around 1:00am (Singapore Time), my Target Ptofit has been hit at 12:32am (Singapore Time). 104pips profit for this trade :)

Peace, trade and close books safely everyone...

My EUR/USD Trade (17-12-2007) - (Update)

*Attached chart, click on it for the enlarged version.

Harlow :)

Update of the trade from my previous post > My EUR/USD Trade (17-12-2007).

I just got home. It is 11:50pm(Singapore Time). This trade has stopped me out at 1pip profit :P It was triggered at 10:15pm(Singapore Time).

Nonetheless, it does look like it is in a very nice bear flag.

My books are officially closed from last Friday but from the bear flag that I am seeing, I will not hesitate to short it if I just happened to be there when it happens. I won't be hunting for it :)

Peace and trade safely everyone...

My EUR/USD Trade (17-12-2007)

*Attached chart to this post, click on it for the enlarged version.

Hello everyone,

Today, I was looking at the charts out of boredom, my books are suppossed to be closed :P Hahaha.

Anyway, I saw on the EUR/USD that there was a loss of momentum on the upside plus my own analysis, so I initiated a short position at the price line of 1.4430 at 2:25pm (Singapore Time). My Stop Loss was at 1.4465(35pips) and Target Profit at 1.4320(110pips).

At 6:00pm (Singapore Time), I went out and I was already 50pips in the money. So, I shifted my stop loss to 1.4429, 1pip away from entry. Anything happens, at least 1pip profit :P Hehehe...

The current low for the day was at around 1.4330, dammit, an inch away from my target profit.

This trade is still open and an update on it will definitely be posted :)

Peace and trade safely everyone...

My EUR/USD Trade (14-12-2007)

*Attached charts (Before and After). Click on it for the enlarged version.

Harlow everyone. My trade today on the EUR/USD.

Today, I saw a bear flag in the EUR/USD. When it broke below the morning's low and the bear flag, I initiated a short position at the price line of 1.4604 at 4:48pm (Singapore Time). My stop loss was at 1.4625(21pips) and my target profit was at 1.4535(69pips). My target profit at 1.4535 is because of that it is 1995's high and it might be a good support. Risk:Reward ratio = 21:69, roughly 1:3.

Although under 4hrs chart, it show that there will be room for more profit but I am not taking any chances due to the fact that it is already mid-December and institutions and professional traders are preparing to close their books.

Anyway, I went out, Came back home at 11:00pm (Singapore Time), my profit target has been triggered at 7:16pm (Singapore Time). 69pips profit for today, just nice to close my books for the year :)

Peace and trade safely everyone...

My EUR/USD Trade (11-12-2007)

*Attached chart. Click on it for the enlarged version.

Hello everybody. My trade today on the EUR/USD.

The 3:00pm (Singapore Time) candle, ended with a huge rejection. I do not need to explain any further. Upon finishing its form at the end of 3:00pm (Singapore Time), I initiated a short position at 3:59pm (Singapore Time) at the price line of 1.4721.

My stop loss is at 1.4735(14pips) and target profit is at 1.4695(26pips) which is just above my 200ma in hourly chart.

My target profit got hit at 6:24pm (Singapore Time). 26pips profit for today :)

Peace and trade safely everyone...

My EUR/USD Trade (10-12-2007)

*Attached charts (Before and After). Click on it for the enlarged version.

Hello everyone :)

Today, my trade on the EUR/USD. I find this trade a simple trade to spot. The market was practically dead this morning but around afternoon time, I saw the market breaking out on the upside.

I initiated a long position at the price line of 1.4652 at 2:57pm (Singapore Time). My stop loss is at 1.4630 (22pips) just below the low of morning dead market and target profit at 1.4720 (68pips) just below my resistance which is at 1.4732. I went out for dinner and I came home around 12:00am (Singapore Time) and I saw that my target profit has already been hit :) Nice nice nice. 68pips profit for today.

Peace and trade safely everyone...

Global Events Calendar [10-12-2007] - [14-12-2007]

*Time is based on Singapore Time (GMT+8:00)

A few things to take note of.

1) Wednesday [3:15am] - USD's Interest Rate Statement. They are
looking at an interest rate cut by 0.25%.

2) Thursday [4:30pm] - CHF's Interest Rate Statement. They are
looking at to hold their current interest rate at 2.75%.

3) Friday [7:50am] - JPY's Tanken Report.

Other than that. Peace and trade safely everyone...

----------------------------------------------------------------------
Global Events Calendar [10-12-2007] - [14-12-2007]
----------------------------------------------------------------------

Monday [10-12-2007]
7:50am---JPY Core Machinery Orders m/m
7:50am---JPY M2+CD Money Supply y/y
1:00pm---JPY Eco Watchers Survey
3:00pm---EUR German Trade Balance
3:00pm---EUR German Current Account
3:45pm---EUR French Industrial Production m/m
5:00pm---EUR Italian Industrial Production m/m
5:30pm---GBP PPI Input m/m
5:30pm---GBP PPI Output m/m
5:30pm---EUR Sentix Investor Confidence
11:00pm--USD Pending Home Sales m/m
11:30pm--GBP Leading Index m/m

Tuesday [11-12-2007]
1:00pm---JPY Household Confidence
3:00pm---EUR German WPI m/m
5:30pm---GBP Trade Balance
6:00pm---EUR German ZEW Economic Sentiment
6:00pm---EUR ZEW Economic Sentiment
11:00pm--USD Wholesale Inventories m/m

Wednesday [12-12-2007]
3:15am---USD Interest Rate Statement
3:15am---USD Discount Rate
7:50am---JPY CGPI y/y
7:50am---JPY Current Account
5:30pm---GBP Average Earnings Index +Bonus q/y
5:30pm---GBP Claimant Count Change
5:30pm---GBP Unemployment Rate
6:00pm---EUR Industrial Production m/m
6:00pm---CHF ZEW Expectations
9:30pm---USD Trade Balance
9:30pm---USD Import Price Index m/m
11:30pm--USD Crude Oil Inventories

Thursday [13-12-2007]
8:01am---GBP RICS House Price Balance
12:30pm--JPY Industrial Production m/m (r)
3:45pm---EUR French Nonfarm Employment q/q (r)
3:45pm---EUR French CPI m/m
4:30pm---CHF Interest Rate Statement
5:00pm---EUR ECB Monthly Bulletin
6:00pm---EUR Labor Cost Index y/y
7:00pm---GBP CBI Industrial Trends Orders
9:30pm---USD Retail Sales m/m
9:30pm---USD Core Retail Sales m/m
9:30pm---USD PPI m/m
9:30pm---USD Core PPI m/m
9:30pm---USD Unemployment Claims
11:00pm--USD Business Inventories m/m

Friday [14-12-2007]
7:50am---JPY Tankan Large Manufacturers Index
7:50am---JPY Tankan Large Non-Manufacturers Index
3:00pm---EUR German CPI m/m (r)
5:00pm---EUR Italian Trade Balance
6:00pm---EUR CPI m/m (r)
9:30pm---USD CPI m/m
9:30pm---USD Core CPI m/m
10:15pm--USD Industrial Production m/m
10:15pm--USD Capacity Utilization Rate

----------------------------------------------------------------------

My GBP/USD Trade (05-12-2007)

*Attached charts. Click on it for the enlarged version.

Hello everyone. Today, I did two trades, one on the USD/JPY and the other is on the GBP/USD which is this one being posted :)

Today, after the big downward move that I saw on the GBP/USD, I didn't rush in to initiate a short position. I waited to see what will the market do.

When I saw an upclose candle which forms into a "Harami", I waited and I didn't see any buyers commitment in the market, so I initiated a short position on the GBP/USD at the price line of 2.0380 at 6:07pm (Singapore Time). My stop loss was at 2.0440 and my target was at 2.0220. I shifted my stop loss to 1pip away from entry price at around 10:15pm (Singapore Time) when I was 50pips in the money.

By the time it was 11:00pm (Singapore Time), I saw a loss in momentum in the market. I manually close this trade at 11:19pm (Singapore Time) at the price line of 2.0320. 60pips profit for this trade and a total of 72pips for today :)

Peace and trade safely everyone...