My USD/JPY Trade (28-02-2008) --- Update (Final)

*Attached chart. Click on it for the enlarge version. It is a 4 hourly chart rather than my usual hourly chart.

Hello everyone,

I just woke up. Having slight flu, body ache and a little bit cranky but looking at my account, my crankiness goes away :P Hahahaha...

This is an update from my previous trade > Click Here.

Anyway, my target profit got hit at 7:46am (Singapore Time) | 11:46pm (GMT).

90pips profit for this trade :)

Peace and trade safely everyone...

My USD/JPY Trade (28-02-2008)

*Attached chart. Click on it for the enlarged version. It is a 4 hourly chart rather than my usual 1 hourly chart.

Aloha everyone,

Today, I was looking to short the USD/JPY again...

Under 1 hourly chart it wasn't nice but when I switch to 4 hourly chart. It was beautiful :)

I have my bear flag and price action. On top of that, with my secret analysis.

Short it at 11:55pm (Singapore Time) | 3:55pm (GMT), the price line of 105.90.

My stop loss is at 106.12 (22pips) and target profit is 105.00 (90pips). Risk : Reward = 22 : 90 = 1 : 4.09.

Currently (12:10am [Singapore Time] | 4pm [GMT]), I am in 29pips in the money. Shift my stop loss to protective stop at 105.89 (1pip in the money).

Will update as this trade goes by :)

Peace and trade safely everyone...

My GBP/USD Trade (28-02-2008)

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

Hello everyone,

Last night, in the wee hours of Singapore Time. I initiated a short position on the GBP/USD at 2:59am (Singapore Time) | 6:59pm (GMT) at the price line of 1.9858.

What I saw was that, my price action analysis and it is in a bull flag. With my secret analysis. Using my similar wave pattern, I calculate my possible target profit at the bottom support of the bull flag.

I went in for a fast trade. Stop loss at 1.9878 (20pips) and Target Profit 1.9795 (63pips). Risk : Reward = 20 : 63 = 1 : 3.15

Then I went to sleep. Woke up, my target profit has been hit. It was hit at 5:24am (Singapore Time) | 9:24pm (GMT).

63pips profit for this trade :)

Peace and trade safely everyone...

My USD/JPY Trade (26-02-2008) --- Update.

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

From my previous post of this trade > Click here.

My Target Profit got hit today (27-02-2008) at 4:36pm (Singapore Time) | 8:36 (GMT).

120pips profit for this trade :) Barely 2 days of holding.

Peace and trade safely everyone...

My USD/JPY Trade (26-02-2008)

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

Hello everybody,

I shorted the USD/JPY today (26-02-2008) at 5:43pm (Singapore Time) | 9:43am (GMT) at the price line of 107.97.

What I saw was that, own analysis of chart pattern, fake out on the topside of a closing wedge. To top that up with my secret analysis.

My stop loss is at 108.17 (20pips) and target profit at 106.77 (120pips).
Risk : Reward = 20 : 120 = 1 : 6

So far, I am in about 30pips in the money. I have shift my stop loss to protective stop at 107.96. 1pip in the money.

Will update when this trade is closed :)

Peace and trade safely everyone...

Quick look on GBP/USD...

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

Hello everyone. On my previous post on my GBP/USD Trade (18-02-2008). I put a note saying that GBP/USD broke below the closing wedge in the Daily Chart so look for a lower high to short it.

Now, the thing is that. It looks like it is a "Fake-Out" plus a possible "Double Bottom".

Look to see where market is heading and what it is going to tell. Now, it is not saying anything.

Just this formation under the Daily Chart that I see. So do be a little careful.

Peace and trade safely everyone...

My GBP/USD Trade (18-02-2008)

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

Hello everyone,

On the 18th of February 2008, I have shorted the GBP/USD at 3:12pm (Singapore Time) | 7:12am (GMT) at the price line of 1.9580. Initiated the trade with candle pattern analysis plus technical analysis has suggest that GBP/USD will go for a continuation on the downward move.

Initial Target Profit at 1.9440 (140pips), Stop Loss at 1.9610 (30pips).

When I was around 70pips in the money. Have already shifted my Stop Loss to Protective Stop at 1.9560 (20pips in the money).

The next day 19th of February 2008, I want to be more conservative, I shifted my Target Profit to 1.9445 (135pips) and my Protective Stop remain at the same position, 1.9560 (20pips in the money).

Today, 20th February 2008, I saw that 1.9460 was an immediate barrier. Shifted my Target Profit to 1.9460 (120pips). My Target Profit was trigerred at 5:53pm (Singapore Time) | 9:53am (GMT).

120pips profit for this trade. 3days of holding.

Peace and trade safely eveyone...

Note: GBP/USD has broken below the closing wedge under Daily charts. Look for continuation on the down side.

Global Events Calendar [18-02-2008] - [22-02-2008]

Hello everyone and everybody :)

How's everyone doing? Am still a little excited over Cafe Momentum :P
Hehehe. What is Cafe Momentum? Well, it is kind of like the first trader's cafe in Singapore :) Will do a seperate post of it soon :)

Anyway, attached below is the Global Events Calendar [18-02-2008] -
[22-02-2008]. Time is as usual, based on Singapore Time (GMT+8:00).

Nothing much to take note of but just a good look at a few things.

1) Monday [18-02-2008]
- US is having their holiday (President's Day)-[Personal opinion > If
you are uncomfortable trading due to US Holiday, avoid trading during
US session or just avoid it totally :P].

2) Wednesday [20-02-2008]
- [5:30pm] > GBP - MPC Meeting Minutes. [Verdict > 8-1(Hold)].

Other than that, peace and trade safely everyone...

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Global Events Calendar [18-02-2008] - [22-02-2008]
*Singapore Time(GMT+8:00)
----------------------------------------------------------------------
Monday [18-02-2008]
7:50am--------------JPY Tertiary Industry Activity Index m/m
8:01am--------------GBP Rightmove House Price Index m/m
4:15pm--------------CHF Retail Sales y/y
[Whole Day Event]---USD Holiday: President's Day

Tuesday [19-02-2008]
5:00pm---EUR Italian Trade Balance
10:00pm--USD Minneapolis Fed President Stern Speaks

Wednesday [20-02-2008]
2:00am---USD NAHB Housing Market Index
7:50am---JPY Monetary Policy Meeting Minutes
3:00pm---EUR German PPI m/m
5:30pm---GBP MPC Meeting Minutes
5:30pm---GBP M4 Money Supply m/m
5:30pm---GBP Public Sector Net Borrowing
7:00pm---GBP CBI Industrial Trends Orders
9:30pm---USD Core CPI m/m
9:30pm---USD Building Permits
9:30pm---USD CPI m/m
9:30pm---USD Housing Starts

Thursday [21-02-2008]
3:00am---USD FOMC Meeting Minutes
7:50am---JPY All Industries Activity Index m/m
7:50am---JPY Trade Balance
3:15pm---CHF Trade Balance
3:45pm---EUR French CPI m/m
4:15pm---CHF PPI m/m
5:00pm---EUR Current Account
5:30pm---GBP Retail Sales m/m
9:30pm---USD Unemployment Claims
11:00pm--USD Philadelphia Fed Manufacturing Index
11:00pm--USD Leading Index m/m
11:30pm--USD Crude Oil Inventories

Friday [22-02-2008]
11:00am--JPY BOJ Governor Fukui Speaks
3:45pm---EUR French Consumer Spending m/m
5:00pm---EUR Manufacturing PMI (p)
5:00pm---EUR Services PMI (p)
6:00pm---EUR Industrial New Orders m/m

[After Friday]
12:00pm--JPY BOJ Governor Fukui Speaks
----------------------------------------------------------------------

My GBP/USD Trade (15-02-2008)

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

I shorted the GBP/USD today at 3:54pm (Singapore Time) | 7:54am (GMT) at the price line of 1.9684.

With my own analysis and price action, top up with my secret analysis.

Target Profit 1.9585 and Stop Loss 1.9718.

My TP (1.9585) was hit at 1:58am (Singapore Time) | 5:58pm (GMT) before market close on Friday :)

99pips profit for this trade :)

Peace and trade safely everyone...

My EUR/USD Trade (14-02-2008)

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

On the night of Valentine's Day, I initiated a long position on the EUR/USD.

With my quick analysis, I saw an opportuinity.

So I initiated a long position at the price line of 1.4623 at 12:01am (Singapore Time) | 04:01pm (GMT).

My Target Profit is at 1.4685 and Stop loss at 1.4609.

The next morning, I saw the market is a little bit not going my way with a loss of momentum. I manually close it for 8pips profit at 09:50am (Singapore Time) | 1:50am (GMT).

Peace and trade safely everyone...

My USD/JPY Trade (11-02-2008)

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

Hello everyone,

My trade today on the USD/JPY. It is Japan's holiday today but I waited for the European session :)

Initiated a short postion at 2:59pm (Singapore Time) | 6:29am (GMT) at the price line of 107.10.

Did my secret analysis and I went for it.

Short it and my target profit was at 105.90 (Last Thursday's low) and stop loss 107.36 (Around 23MA). At around 5:45pm (Singapore Time) | 9:45am (GMT), I was like 40+pips in the money and I shifted my stop loss to protective stop at the price line of 106.90.

So, I went out and I just came back and it is now like 10:41pm (Singapore Time) | 2:41pm (GMT). My protective stop has been triggered at 8:53pm (Singapore Time) | 12:53am (GMT). 20pips profit for this trade :)

Peace and trade safely everyone...

Global Events Calendar [11-02-2008] - [15-02-2008]

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

Few things to take note of:

1) [Monday 11-02-2008]
- [Whole Day] Japan will be having their Holiday (National Foundation Day)

2) [Tuesday 12-02-2008]
- [6:00pm] German Zew Economic Sentiment

3) [Thursday 14-02-2008]
- [7:50am] Japan's GDP
- [11:00pm] Uncle Ben is going to speak

4) [Friday 15-02-2008]
- [Time Unknown] JPY Interest Rate Statement. Although time is unknown, the usual time of release is around 1:00pm-2:30pm. They are looking at to hold their current interest rate.

Other than that, peace and trade safely everyone...

----------------------------------------------------------------------
Global Events Calendar [11-02-2008] - [15-02-2008]
----------------------------------------------------------------------
Monday [11-02-2008]
[Whole Day Event]---JPY Holiday: National Foundation Day
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 Trade Balance
5:30pm--------------GBP DCLG House Price Index y/y
5:30pm--------------GBP PPI Output

Tuesday [12-02-2008]
8:01am---GBP BRC Retail Sales Monitor y/y
5:30pm---GBP CPI y/y
5:30pm---GBP Core CPI y/y
5:30pm---GBP RPI y/y
6:00pm---EUR German ZEW Economic Sentiment
6:00pm---EUR ZEW Economic Sentiment

Wednesday [13-02-2008]
7:50am---JPY CGPI y/y
7:50am---JPY Current Account
8:01am---GBP RICS House Price Balance
1:00pm---JPY Household Confidence
3:00pm---EUR German WPI m/m
3:45pm---EUR French Government Budget Balance
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
6:30pm---GBP BOE Inflation Report
9:30pm---USD Core Retail Sales m/m
9:30pm---USD Retail Sales m/m
11:00pm--USD Business Inventories m/m
11:30pm--USD Crude Oil Inventories

Thursday [14-02-2008]
7:50am---JPY GDP q/q (p)
7:50am---JPY GDP Deflator y/y (p)
12:30pm--JPY Industrial Production m/m (r)
3:00pm---EUR German GDP q/q (p)
3:45pm---EUR French GDP q/q (p)
5:00pm---EUR ECB Monthly Bulletin
6:00pm---CHF ZEW Expectations
6:00pm---EUR GDP q/q (p)
9:30pm---USD Trade Balance
9:30pm---USD Unemployment Claims
11:00pm--USD Fed Chairman Bernanke Speaks

Friday [15-02-2008]
1:30am-----------EUR ECB President Trichet Speaks
[Time Unknown]---JPY Interest Rate Announcement
2:00pm-----------JPY BOJ Monthly Report
[Time Unknown]---JPY BOJ Governor Fukui Speaks
3:45pm-----------EUR French Nonfarm Employment q/q (p)
6:00pm-----------EUR Trade Balance
9:30pm-----------USD Empire State Business Conditions Index
9:30pm-----------USD Import Price Index m/m
10:00pm----------USD TIC Net Long-Term Transactions
10:15pm----------USD Capacity Utilization Rate
10:15pm----------USD Industrial Production m/m
10:45pm----------EUR ECB President Trichet Speaks
11:00pm----------USD Consumer Sentiment (p)

[After Friday's Mid-night]
2:15am---USD Fed Governor Mishkin Speaks
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Gong Xi Fa Cai

Hello everyone and everybody.

Wishing the Chinese from all over the world, a Happy Lunar New Year and the rest, Happy Holidays :)

Hopefully, the year of the "Rat" will be us a "Ratting Luck" for more pips for us :)

Warmest Regards,
ForexNewsPaper.blogspot.com

My EUR/USD Trade (05-02-2008) - Update

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

Hello everyone,

Update of this trade from my previous post > Click here

This trade is closed. Target Profit was hit (5:19pm [Singapore Time] | 9:19am [GMT]) shortly after I send the post. :)

72pips profit for this trade.

Peace and trade safely everyone...

My EUR/USD Trade (05-02-2008)

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

Hello everyone,

My trade today on the EUR/USD.

With my secret analysis :)

I shorted the EUR/USD at 3:50pm [Singapore Time] | 7:50am [GMT], at the price line of 1.4807.

My stop loss is at 1.4835(28pips) and target profit at 1.4735(72pips). Risk : Reward = 28 : 72 = 1 : 2.5

Currently, I am 46pips in the money. I have shifted my stop loss to protective stop at the price line of 1.4806, 1pip from entry. Confirm 1pip profit :)

Will update when this trade is closed :)

Peace and trade safely everyone...

Global Events Calendar [04-02-2008] - [08-02-2008]

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

Important notes:

1) Thursday 07/02/2008 [8:00pm] - GBP Interest Rate Statement. They are looking at a 0.25% rate cut. Do bear in mind that a 0.50% rate cut is possible.

2) Thursday 07/02/2008 [8:45pm] - EUR Interest Rate Statement. They are looking to hold their current interest rate.

Other than that, peace and trade safely everyone...

----------------------------------------------------------------------
Global Events Calendar [04-02-2008] - [08-02-2008]
----------------------------------------------------------------------
Monday [04-02-2008]
7:50am---JPY Monetary Base y/y
5:30pm---EUR Sentix Investor Confidence
5:30pm---GBP Construction PMI
6:00pm---EUR PPI m/m
11:00pm--USD Factory Orders m/m

Tuesday [05-02-2008]
12:20am--USD Fed Governor Kroszner Speaks
4:55pm---EUR German Services PMI
5:00pm---EUR Services PMI (r)
5:30pm---GBP Services PMI
6:00pm---EUR Retail Sales m/m
6:00pm---EUR Italian CPI m/m
11:00pm--USD ISM Non-Manufacturing Index
11:00pm--USD ISM Non-Manufacturing Prices
11:00pm--USD Treasury Secretary Paulson Speaks

Wednesday [06-02-2008]
8:01am---GBP Consumer Confidence Index
1:00pm---JPY Leading Index m/m
6:30pm---GBP BRC Shop Price Index y/y
9:30pm---USD Nonfarm Productivity q/q (p)
9:30pm---USD Unit Labor Costs q/q (p)
11:30pm--GBP Leading Index m/m
11:30pm--USD Crude Oil Inventories

Thursday [07-02-2008]
1:30am---USD Fed Governor Kroszner Speaks
2:40am---USD Philadelphia Fed President Plosser Speaks
2:00pm---JPY Machine Tool Orders y/y
2:45pm---CHF Unemployment Rate
3:45pm---EUR French Trade Balance
5:30pm---GBP Industrial Production m/m
5:30pm---GBP Manufacturing Production m/m
7:00pm---EUR German Factory Orders m/m
8:00pm---GBP Interest Rate Statement
8:45pm---EUR Interest Rate Announcement
9:30pm---EUR ECB President Trichet Speaks
9:30pm---USD Unemployment Claims
11:00pm--USD Pending Home Sales m/m

Friday [08-02-2008]
2:00am---USD Dallas Fed President Fisher Speaks
4:00am---USD Consumer Credit m/m
7:50am---JPY Core Machinery Orders m/m
7:50am---JPY M2+CD Money Supply y/y
8:01am---GBP NIESR GDP Estimate
1:00pm---JPY Economy Watchers Current Index
2:45pm---CHF CPI m/m
2:45pm---CHF Consumer Climate
3:00pm---EUR German Trade Balance
7:00pm---EUR Composite Leading Indicators m/m
7:00pm---EUR German Industrial Production m/m
11:00pm--USD Wholesale Inventories m/m

[After Friday's Midnight]
1:55am---USD Cleveland Fed President Pianalto Speaks
----------------------------------------------------------------------