Forex Trading For Beginner

My Trading Using Kenacci Method

trinil — Fri, 06 Feb 2009 03:04:29 +0000

This post is not want to show off you the big winner of mine but just prove to myself that the systeem I use really working and comfortable for me.

You know that a newbie like me was come to research and seek level. Everyday I search, read and do in my demo account every system that I found. Many indicators, templates and strategy should be test one by one until I find out which one give me a good results.

In the first of January 2009 I start concentrate applying the Kenacci Method and the first week of February give me a good results and convince me to using this method in longer time. Have a look in my LIVE account with micro lot below, I can make 100-300 pips in 1 day. That’s amazing for me. I remember I made deposit with USD 125 on last month and it grew up to USD 289.13

Using Kenacci Method

trinil — Tue, 27 Jan 2009 00:27:03 +0000

My previous posting show you how I can get profit 400 pips over in 1 day. Now, I share the method I use for the trade that copying from kenshi22 from indofx forum and forexfactory forum.

My technic is simple 123 with fibo and candle pattern (no indicator). So lets learn about my Methode.

Find swing high and swing low.

Draw fibonacci retracement, use swing high and swing low

Find Spinning Tops candle at 50% area

Find confirmation candle after that (BULL or BEAR)

Make PRICE PROJECTION with fibonacci expansion. Use Swing High and Swing Low. First PRICE PROJECTION in FE 100 and Second PRICE PROJECTION in FE 161.8

Take action After confirm candle (BUY or SELL)

Just that it; 3 thing you must remember as your rule to trade

Don’t trade if not find reversal candle

Open 2 trade with same SL and different TP

If one position hit first TP then move SL the other one to BEP +or- 10 pips (depends the action …BUY or SELL) if BUY move SL to BEP+10, if SELL move SELL to BEP-10. and wait till TP2 is HIT

I can use this trade methode with any time frame and any trend (sideway or strongtrend). Bigger TF Bigger TP Bigger Risk. Smaller TF smaller TP smaller Risk

And below the sample of my trade apply this method:

Start A Good Trade in Chinese New Year

trinil — Mon, 26 Jan 2009 22:10:40 +0000

Here is my trade last night using 1H TF in EURUSD and GBPUSD with profit 418 pips in 1 day; it’s amazing for myself. I hope Chinese New Year as a strating point for giving me luck and wealth in forex trading in the future.

Humor Happy Trading

trinil — Thu, 08 Jan 2009 07:28:26 +0000

Humor ini mewakili perasaanku sebagai newbie

Screenshot Simple MA-Stochastic

trinil — Wed, 07 Jan 2009 12:58:08 +0000

This is screenshot simple MA-Stochastic Oscillator; when price cut out the top line of MA and both lines of Stochastic crossing and reach to level 90; they both were indicate to trade OP Sell.

Simple MA and Stochastic

trinil — Mon, 05 Jan 2009 01:21:29 +0000

Simple trading using 2 indicators Moving Average and Stochastic Oscillator in MT4 platform. The setting of this strategy as follows:

Setting Moving Average (MA)
Periode	: 4
Method	: Linear Wighted
Level	: 20, -20 (for FX Pro: 200, -200)

Setting Stochastic Oscillators
%k	: 8
%d	: 4
Slowing	: 3
Method	: Linear Wighted
Level	: 10, 90
Minimum Fixed	: 12

How to trade :

Open position Buy when the price out of the bottom line MA and the lines of Stochastic touched in level 12 and both of the lines cross each other. Open position Sell when the price out of the top line MA and the lines of Stochastic touched in level 90 and both of the lines cross each other. Apply this method to Time Frame 15M and recommend in pair GBPUSD. You can set TP: 10-15 pips and SL: 15 pips.

Source : For Beginner Trader in MT4 Platform

Hello, Beginner Traders!

trinil — Fri, 05 Dec 2008 04:28:39 +0000

Thanks for visiting my blog! Welcome to my first posting on forex trading. Why am I interested in forex? My first introduction to the forex because my husband introduce me on Marketiva. We learn in a virtual trading first. At that time, precisely June 2008, I felt like live in the jungle; does not know where I supposed to go and the destination. Utterly blind about forex, even I just do not know about currencies, especially trade terms as the currency pair in forex trading.
My first opinion of forex trading was so easy, just press button with the Sell or Buy, and after several minutes then we get the money … But after I felt upside down of how I feel in win and lose the trade, that’s ultimate change of thinking that forex is not easy as we think … that why the reasons of makes forex trading is very interesting.
Remember the slogan forex is high risk but also high profit. You go bankrupt in a short time or you suddenly become rich.
This is a game, friend … Each person has own way and style to win this game. Although I still continue to find ways and strategy, I do not want to keep my explorations to myself, but we can share and learn it together …

That is why even though I’m still newbie in the field of forex trading, but I presume this blog can present something special for beginner like me and you. Hopefully, the future of this blog can find ways and strategy that is beneficial for us. Peace!