Ride The BB

Bismillah.
Salam and a very Good Afternoon to all.

Still trying to adjust my time to do analysis on the weekends.

Let's do this.
I will focus only on MN,WK, Daily and H4 time frame.

Month and Weekly
EURUSD: MN, WK (Retracement?)
GBPUSD: MN, WK (Buy)
AUDJPY: WK (Sell)
USDCHF: MN, WK (Sell)

Daily And H4
NZDJPY: H4 (Sell) But be careful, if next week the candle could break the CB1.
EURJPY: H4 (Sell) same as above. Be careful.


Well this is the only pairs that look trending.

EU and USDCHF are still unclear whether we can enter the short position. Lets wait for H4 or Daily to close momentum to be synchronized with the bigger TF.

Till we meet again.

Salam!

SalamTrader.

Analysis of The Market - USDCHF (20th February 2018)

Bismillah.
Salam And Good Morning (yeah late morning)

Anyhow, lets have a look at USDCHF...
The least pair ive traded on. But just because the monthly momentum sell is there (its candle closed beyond the lower band)

My focus is Sell. But the market said otherwise. Retail trader wont have a say in how the market moves. Market mover is just too big in amount for retail trader to move the market. So, lets learn to find a point to move with them.... My weakness.... i could not catch the 3rd wave...

So!
Weekly TF

This is how the Weekly TF looks like... CS Closed outside of the BB. Try and check out Monthly Timeframe... Waau!

Daily TF

Daily is making its move (dancing).. RT? Wallahua'llam. The best is to just go with the flow~

H4 TF

H4 STILL have buy momentum! how do i know... CS closed outside of the BB.
Plus, CB1 has broken.. H4 is at TP2. Actually, ive managed to get a few pips here. Reached my TP (take profit) Buy of course.

Remember that this week's news, USD will be making a play! Could they spike to TP3?

Lets wait and see. Remember to follow the trend/flow. Still bullish.

Short Term: Bullish. Caution with MA100, TP2 and Elliot Wave smaller TF.
Long Term; i still have to say that it is bearish.


Till next time! Trade at your own risk!

Cheers!
Best Regards,
SalamTrader.

Analysis of The Market - EURUSD (20th February 2018)

Bismillah.
Salam and Hope everyone is well.

Let's have a look at EURUSD.
We knew that Monthly, Weekly and H4 Timeframe is/were closed outside the Upper Bollinger Band. (BB).

So whatever movement the market is doing is just a retracement (?) I think lah! hahaha

Where would be the zones to monitor whether the market will be pushing upwards back again?
Remember, NOTE TO MYSELF TOO! Have to have clear setup that the market will rally.

Still In selling mood. So place your position well till the TP2 Zone.

Doesnt look like the market will be rallying up anytime soon. Why?
Because the bigger TF is abit confusing.....

1. Didnt break the highest point of Daily. BUT! got CB1 has been broken.
2. The market has reach the end of wave 3? and now correction wave is in motion? ABC? or ABCDE??

It could be making a lower C. Regular FLATS OR??

or Triangles.

Here's a picture note about Eliott Wave

Hanyalah sekadar pandangan demo acccount (LAGI) sahaja.....

Jazakallah!
SalamTrader

Riding The Bands Analysis

Bismillah.

Salam and Good Afternoon.
Hope everyone is well.

As per my previous post we have identified a few pairs to be analyse this week:

NZDUSD = H4 (BUY)
AUDUSD = H4 (BUY)
EURUSD = MN WK H4 (BUY)
GBPUSD = WK H4 (BUY)

GBPJPY = WK (BUY) DAILY (SELL)
AUDJPY = WK DAILY (SELL)
NZDJPY = DAILY (SELL)
EURJPY = DAILY H4 H1 (SELL)

USDJPY = WK DAILY H4 (SELL)
USDCHF = MN WK DAILY (SELL)
USDCAD = DAILY H1 (BUY)
EURGBP = H1 (SELL)

Lets segregate them according to priority:

Momentum From Monthly:
1. EURUSD = MN WK H4 (BUY)
2. USDCHF = MN WK DAILY (SELL)

Momentum From Weekly:
3. USDJPY = WK DAILY H4 (SELL)
4. AUDJPY = WK DAILY (SELL)
5. GBPUSD = WK H4 (BUY)

Momentum From Daily:
6. USDCAD = DAILY H1 (BUY)
7. EURJPY = DAILY H4 H1 (SELL)
8. NZDJPY = DAILY (SELL)

Others we will keep them aside first. Ignore them! hahaha

Will analyse from Number 1 first.

Cheers!

SalamTrader.

Bollinger Band: Riding The Bands!

Bismillah.
May Peace Be Upon You And Good Evening.

Hope everyone is well! Is there's anyone reading this blog that is. :P

Nonetheless, this post is dedicated to be as a "scanner" for candles that closed outside of Bollinger Bands. Candles that closed outside Bollinger Bands (BB) is considered to have a very strong momentum (strong buy or strong sell).

For candles that closed above the upper band signifies a very STRONG BUY.
For candles that closed below the lower band signifies a very STRONG SELL.

I have been searching high and low for the scanner or indicator, just indicates that this pair at a certain time frame at a certain moment, the candlestick closed outside of the bands...... NOTHING! Cant find it. If you find it please do share it with me. Certainly helps a lot.

Easy right? Not that easy! We will need to filter them with your own techniques. Right? Sure.

Here we go. *Checking the chart from MN TF to H1 and jotting them down in the blog. Back and forth :D*


NZDUSD = H4 (BUY)
AUDUSD = H4 (BUY)
EURUSD = MN WK H4 (BUY)
GBPUSD = WK H4 (BUY)

GBPJPY = WK (BUY) DAILY (SELL)
AUDJPY = WK DAILY (SELL)
NZDJPY = DAILY (SELL)
EURJPY = DAILY H4 H1 (SELL)

USDJPY = WK DAILY H4 (SELL)
USDCHF = MN WK DAILY (SELL)
USDCAD = DAILY H1 (BUY)
EURGBP = H1 (SELL)


Hope this helps for your next week's trading. Choose the right TRENDING MARKET to trade. :)
If there's people who is using BB out there, lets create a group thats dedicated to scan the market for these kind of Momentum. LETS? Let me know.

Lets RIDE THE BANDS!

Thanks and Best Regards,
SalamTrader

P/S: If you wanna read up about, RIDE THE BANDS momentum style. Read it up here! https://forextradingstrategies4u.com/bollinger-band-breakout-forex-trading-strategy/

Elliott Wave Introduction

Bismillah.

Salam and Good Evening!

If anyone would like to learn or to read up about Elliot Wave.

Visit this link:
https://elliottwave-forecast.com/elliott-wave-theory/

They explained in detail about Elliott Wave. EW is a vital knowledge in trading!

All the best!

Cheers!
SalamTrader.

POSTMORTEM: EURUSD For 12th February 2018 post.

Bismillah!
Salam and Good Day!

As per my previous post of EURUSD : https://aotmbysalamtrader.blogspot.my/2018/02/analysis-of-market-eurusd-13th-february.html

This is the postmortem of whyyyyyyyyyyy i failed.

1) The FMCBR CB1 break i chose was from H4. But apparently, if we watch closely at DAILY! CB1 has broken and the market didnt even break the TP1 Zone. Haiyaaaaaaaaa.. I need to be more flexible to change the trading idea on the spot!

Here's the corrected Fibonacci RT. (From CB1 Daily)

See. DID NOT break the TP1 Zone. Sigh. Nevertheless, another clue that why the market went up is in the green square. SOMETHING has happened there @ a smaller time frame. H4? NOPE. Look at H1

2) H1 has DIVERGENCE! DANG IT.

See there's divergence which signifies WAVE 3 and WAVE 5. what kind of correction from daily TF is this?? Could it be FLATS? The movement was WAVE B which is 90% retracement from wave A!

Maybe? Maybe maybe.

3) H1 at the zones where the market should have shorted. THERES NO SELL SETUP AT ALL!
Lets have a look.

Right? No setup to sell at the 2 previously predicted zones...... If we look at the AO, theres an increase of Momentum.... so do not sell!

That's what i found. How i failed the analysis last week.

Lets be a better trader! Patience.

Cheers! and Have a great day!

SalamTrader.

POSTMORTEM: NZDUSD For 12th February 2018 Post.

Peace be Upon you and Good Day!

Let's get straight to the point.

NZDUSD Analysis this week... I FAILED to analyse the market.

Why?

At the zones, that i have marked. The market didnt go short.

Kindly refer to the previous post. https://aotmbysalamtrader.blogspot.my/2018/02/analysis-of-market-nzdusd-12th-february.html

Why it didnt rebounce at the zones.

1. CB1 has not been broken. No sell signal.

2. Momentum @ the Awesome Oscillator showed that the momentum increased. No divergence.

Hence the market went up.

If you look at Daily Chart, use the FMCBR fibo. It shows that Daily has hit the TP1.

Sigh. I need to brush up my Elliot Wave counting skills. IT SUCKS!

Cheers!

Will update the EURUSD post later. Gotta have dinner now.

Salam!

SalamTrader.

Analysis of The Market - EURUSD (13th February 2018)

Bismillah.

May Peace Be Upon You and Good Day!

Please find below my trading idea for EURUSD.

Daily Timeframe:
1. BBMA there is CSA sell. Now prepping for reentry.
2. FMCBR. AO the momentum of buying is decreasing.
3. From H4 or H1, use the FIBO retracement to get the approximate zones for retracement.

Big Trend is still Uptrend (WK and MN)
Daily is making its reentry buy for Weekly.

The Trading Idea (Market Movement)
1. Retracement Move to Zone 1/Zone 2 (TP1 / TP2)
Zone 1 : 1.23304 - 1.23493
Zone 2: 1.24114 - 1.24276

2. Then Downtrend Move to Zone 1/ Zone 2 (TP1 / TP2)
Zone 1: 1.21603 / 1.21227
Zone 2: 1.19306 / 1.18317

Short Term: H1-H4 (Long)
Long Term: Daily (Short)

Disclaimer: This is my personal trading idea. It doesnt reflects to the real market movement. Please trade at your own risk (TAYOR)

Leave your comment or trading idea below :)

Cheers and have a great day!

SalamTrader.

Analysis of The Market - NZDUSD (12th February 2018)

Bismillah.

May Peace be Upon You and Good Day!

As promised, my analysis of NZDUSD this week. 

Lets have a look at the Weekly Chart:

1. There are Divergence. Weekly have completed its Wave 3 and Wave 5 according to the Awesome Ocsillator. Means the market could be bearish. But! Confirmation at the area must be checked.

2. Weekly has broken its CB1 (Using FMCBR) 

3. Looking at EMA 50/100/200. The market is sideway. Not much activity. No Momentum @ Bollinger Band

4. Market still signifies its downtrend.

This is a bit tricky and we need to be more cautious..

Daily Chart.

1. No divergence in Daily.... shucks

2. CB1 has broken

3. Reentry after CSA in Daily.

4. The candle might be in a sideway motion for a few days.

4 Hour Chart

1. Momentum @ BB (CS closed outside of the band)

2. Look at A @ Awesome Oscillator. Stating that the downtrend momentum is still there.

3. Now, its a retracement move upward in order to create the last wave which is wave 5.

4. Where does the retracement target move. We will need to check the smaller Timeframe. M5/15/30.

Check for divergence and CB1 break.

M15 Chart

1. It has reached the TP2 Zone (0.72668 - 0.72752)

2. But it has never broken the CB1 yet. No confirmation of DT yet.

We will need to wait then

But to my understanding... i reckon that NZDUSD is still bearish.

Will need to recheck the chart before confirming my short position.

.....

the thing is im not patient. Ive positioned my position. NOW IM FLOATING. HAH! nevermind still can bear the float amount.

Hope this helps.

Leave your comments! :)

Cheers!

SalamTrader

Brokers oh Brokers? Which is Right for Me??

Salam (Peace) and Good Day!

Yes. First thing first, brokers have their own terms, conditions and regulations.
Be sure to read them up, do research and etc.

Well, if you're out of time. Too eager to trade. (lazy to do your own research, heheheh!)
Fret not, please check this website out.

https://www.forexbrokerz.com/

They have reviews, from which country and which regulations are they abiding too!
That is the most important attributes in a broker aside from their minimum deposit and spread.

Have to subscribe to a broker that have at least abiding to ONE regulation body. For example : CySec, ASIC, FCA and etc.

Check them out. Cheers!

P/S: I am using Exness, FBS and FXPRIMUS. Why i am using those three? All of them have difference in daily candle opening time. Exness @ 8AM Malaysian Time, FBS @6AM Malaysian Time and FXPRIMUS @5AM Malaysian Time. Malaysian time is GMT +8. If your trading analysis wont get affected by the differences, well GOOD FOR YOU!

SalamTrader

Peace Be Upon You and Good Day!

Good Day! SalamTrader in the house.

Alright alright its been a while since i blog! and this is the first time i'm going to blog about my trading journey. Before this, heh.. my blog was all about angry posts and petty stuff about life.

Not to worry. Ill improve my trading skills and create this blog as my small platform to RAVE about trading!

So, CALM YOUR NERVE and LEARN HOW TO TRADE.

Its not EASY! Ive been learning to trade since 2015. If you're new to trading, failure is the best way to learn your mistakes in placing the trades.