What a slow day !

Hello Sarah is Back !!

    well I had a resfreshing long weekend and it was absolutley fun!!!  Love Canada's day .  Because of the U.S bank Holiday  the forex market is slow I do anticipate the the  EUR/USD will retest highs before heading lower later this week .   I want all you new traders to get invovled with twitter. Often you will find fast information on what may to come and considerable help you with your trades. Before we move on i would like you to comment on what you want to see on this blog .  If you find it confusing  I will simplify. If you are just wanting to learn Forex I can create a Great book for "Dummies" so to speak. So far everyone is alright and I read your comments.  Be sure I am here to help you succeed . Sometimes I forget that I was new at one point.  Now that I am not all that new anymore to the forex market i tend to forget the beginning. I relieze If you are new You WOULD BE LOST right about now.   I think for the week I will bring this back down to Back to Basics With Sarah  

EUR/USD Technical Analysis . Support and Resistance line fort July 5th
Now In theory, after a strong upward movement like 2/07, usually EUR/USD must be going to downside first into 23.6% Fibs (1.2455); or 38.2% Fibs (1.2404) and maximal at 48.6% Fibs (1.2369) before this pair continues its strong upward motion. However if this pair can break 48.6% Fibs, the EUR/USD will continue to look for another support at 68.5% Fibs (1.2300) or 78.6% Fibs (1.2266). If this happens it means the upward movement of this pair will end and this pair seems start coming into a ranging situation again. Please pay attention to this day ; US Market will release Non-Farm Payrolls and Unemployment Rate reports; please take care for trade this day. And this is the important intraday levels for this pair today:
Breakout Buy level : 1.2571.
Strong Resistance : 1.2564.
Original Resistance : 1.2552.
Inner Sell Area : 1.2540.
Target Inner Area : 1.2510.
Inner Buy Area : 1.2480.
Original Support : 1.2468.
Strong Support : 1.2456.
Breakout Sell level : 1.2448.

A lesson That brings back to the basics. :) here is where your journey as a Forex trader begins…














Two Types of Trading

There are 2 basic types of analysis you can take when approaching the forex:
1.Fundamental analysis
2.Technical analysis.


There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know a little bit of both. So let’s break each one down and then come back and put them together.

Fundamental Analysis

Fundamental analysis is a way of looking at the market through economic, social and political forces that affect supply and demand. (bla bla bla) In other words, you look at whose economy is doing well, and whose economy sucks. The idea behind this type of analysis is that if a country’s economy is doing well, their currency will also be doing well. This is because the better a country’s economy, the more trust other countries have in that currency.   For example, the U.S. dollar has been gaining strength because the U.S. economy is gaining strength. As the economy gets better, interest rates get higher to control inflation and as a result, the value of the dollar continues to increase. In a nutshell, that is basically what fundamental analysis is.

Technical Analysis

Technical analysis is the study of price movement. In one word, technical analysis = charts. The idea is that a person can look at historical price movements, and, based on the price action, can determine at some level where the price will go. By looking at charts, you can identify trends and patterns which can help you find good trading opportunities.
The most IMPORTANT thing you will ever learn in technical analysis is the trend! Many, many, many, many, many, many people have a saying that goes, “The trend is your friend”. The reason for this is that you are much more likely to make money when you can find a trend and trade in the same direction. Technical analysis can help you identify these trends in its earliest stages and therefore provide you with very profitable trading opportunities.

So which type of analysis is better?

Ahh, the million dollar question. Throughout your journey as an aspiring Forex trader you will find strong advocates for both fundamental and technical trading. You will have those who argue that it is the fundamentals alone that drive the market and that any patterns found on a chart are simply coincidence. On the other hand, there will be those who argue that it is the technicals that traders pay attention to and because traders pay attention to it, common market patterns can be found to help predict future price movements.

Do not be fooled by these one sided extremists! One is not better than the other...
In order to become a true Forex master you will need to know how to effectively use both types of analysis. Don't believe me? Let me give you an example of how focusing on only one type of analysis can turn into a disaster.



•Let’s say that you’re looking at your charts and you find a good trading opportunity. You get all excited thinking about the money that’s going to be raining down from the sky. You say to yourself, “Man, I’ve never seen a more perfect trading opportunity. I love my charts.”

•You then proceed to enter your trade with a big fat smile on your face (the kind where all your teeth are showing).

•But wait! All of a sudden the trade makes a 30 pip move in the OTHER DIRECTION! Little did you know that there was an interest rate decrease for your currency and now everyone is trading in the opposite direction.

•Your big fat smile turns into mush and you start getting angry at your charts. You throw your computer on the ground and begin to pulverize it. You just lost a bunch of money, and now your computer is broken. And it’s all because you completely ignored fundamental analysis.

(Note: This was not based on a real story. This did not happen to me. I was never this naive. I was always a smart trader.... From the overused sarcasm, I think you get the picture)
Alright so the story was a little over-dramatized, but you get the point.
The Forex is like a big flowing ball of energy, and within that ball is a balance between fundamental and technical factors that play a part in determining where the market will go. Just remeber never to rely on just one. Instead, you must learn to balance the use of both of them, because it is only then that you can really get the most out of your trading.

Tomorrow I promise or if not tonight to teach you all about the diffenent charts.  All this information I have researched and applied this information to my everyday trading.  And In my E book Sarah's Forex Trading Back to Basics which will be up for sale sortly .

Take care and I will get those diffent charts for you within a few hours.  I have to feed Hannah and Emma some lunch !  Once again Have a great break!

Computer down

Hello There!

   I am sorry ,my computer has been down . My trades have been very successful however I am unsure about the Fap Turbo. it has made some good trades but also made some Not so good trades. The profits and losses have not been extreme( Thank the goddesses)  My concern is it is still making negative trades and it pisses me off. So I know what settings are not working and I will be sure not to give you them ones.  Here are a few more settings that prove to be successful.

EURCHF

UseScalperStrategy true

Scalper_UseMM true

Scalper_LotRiskReductor 15
Scalper_UseAutoGMTOffset true
Scalper_StartWorkTimeHour 20

Scalper_StartSessionMinute 0

Scalper_EndWorkTimeHour 0

Scalper_EndSessionMinute 30

Scalper_EURCHF_TakeProfit 6 (5 if spreads are above 3)

Scalper_EURCHF_StopLoss 50

Scalper_OneTrade 0

Scalper_OneOpenTrade false

Scalper_MaxSpread 3 for commission based broker with 1 pip commission (4 for non commission broker)
Scalper_UseCustomLevels true

GBPUSD PARAMETERS VALUE
UseScalperStrategy true
Scalper_UseMM true
Scalper_LotRiskReductor 10
Scalper_UseAutoGMTOffset true
Scalper_StartWorkTimeHour 20
Scalper_StartSessionMinute 30
Scalper_EndWorkTimeHour 23
Scalper_EndSessionMinute 30
Scalper_GBPUSD_TakeProfit 8
Scalper_GBPUSD_StopLoss 62
Scalper_OneTrade 0
Scalper_OneOpenTrade false
Scalper_MaxSpread 3
Scalper_UseCustomLevels true

I will post others Setting soon.. have a nice day..
 
 

EUR/USD extended its downside rally to hit a new 2-week low at 1.2152, not seen since June 14. An unexpected downbeat release in US consumer confidence outstripped worst expectations, sending risk-related pairs nosediving.

       After consolidating on a tight range over the past 3 to 4 hours, the news prompted a mild sell-off well contained by 1.2150 level. The touch of daily lows acted as a bouncing wall where EUR picked up from. At present, the pair trades at 1.2160, a 0.86% decrease from yesterday's close.
      According to James Chen at FXSolutions: “The key downside level to watch resides in the noted 1.2150 support region, an important prior support level. If price manages to breakdown and close below that level, it should be a significant bearish indication, with the next major downside target residing in the psychologically-important 1.2000 price region”.


1.2169/71 (-0.87%)


High  1.22925
 Low   1.2151

S3          S2      S1       R1      R2       R3
1.2079 1.2109 1.2140 1.2162 1.2192 1.2222

Signs of it being Slightly Bearish Neutral

Data updated on Jun 29 at 14:43 (15-minute time frame)

If you notice the time in the right corner it is a live chart .

•
 USD/JPY breaks lower after a sharp decline in US Consumer Confidence The Yen gained momentum across the board after a bigger-than-expected decline in US consumer confidence that accelerated the downside rally in US stocks. USD/JPY fell to 88.42 reaching a fresh intra-day low and approached to the 88.00 zone.         According to the US consumer confidence report, the short-term outlook, which had improved significantly last month, turned more pessimistic in June. Those anticipating an improvement in business conditions over the next six months decreased to 17.2 percent from 22.8 percent, while those expecting conditions will worsen rose to 14.9 percent from 11.9 percent. Consumers also turned less optimistic about job prospects

        The pair weakened further after US data and currently trades around 88.50. To the upside, resistance levels lie at 88.90 and above at 89.20. To the downside support levels could be located at 88.00/20 (May lows) and below at 87.70/60.
        EUR/JPY extended the downside and collapsed to 107.45, reaching a new 8 ½ year low. The pair has fallen more than 200 pips since the begging of the day.

    S3       S2      S1        R1       R2     R3

106.93 107.20 107.47 107.88 108.14 108.41

It too shows a Slightly Bearish Neutral  attitude
Data updated on Jun 29 at 14:53 (15-minute time frame)

1 Day Chart

1 month chart

3 month chart .

Now I am about to add another broker. remember you can have as many brokers as you would like. it is really useful to have more then one broker and then narrow your search


Check this link out . I believe it will be very helpful . It will teach you which currency Pairs??  a question we have all woundered and probably have had many many different Answers.  i trust my friend Hector. So Here you go . I will share. http://learnforexlive.com/contents/intraday-forex-trading-which-currency-pairs

Have a good Day everyone. !!

My Birthday .

Today is my 30th Birthday .  I have so many things to do today I will not be writing .  All inquiries will be answered and reviewed Friday June 25th.  Thank You all for Understanding . Today is A raining day and a great day to read the news and trade ! 

Take Care. Be back June 25th.

Hello there, Sarah is back!

http://www.candlestickforum.com/ppf/parameters/16_20_/candlestick.asp. This site actually gives all the shapes and shadows and its to the point.  Get the book it is free. Remember that the candlesticks gives us incite into the market lets us know who is buying and selling.  So when the candlesticks are tall , white and narrow it means there is strong buying pressure. So at this point we want to sell. This help help drive the price down from the buyer. Then we can buy.  Is that an OK example.  This is when we stop and study the charts for a little while and practice so You get the hang of it. trust me when you take in a lot of info you just get confused when looking at your chart.  Little bits of info at a time will help you remember.  Work on this see what work and what doesn;t if I'm wrong Well.. I know I will hear about it:) !





 
Dollar Weakens Prior to Fed Funds Release


The Euro was higher following the lunch break in the European trading session. Boosting the European currency was positive economic data from the euro zone. The pound was also stronger after the Bank of England released its meeting minutes which showed disagreement concerning Britain's interest rate policy. Traders will now be anticipating the release of the Fed Funds rate at 18:15 GMT today.


Dollar weakness was prevalent this mooring as the EUR/USD was trading up at 1.2280, after an opening day price of 1.2262. The GBP/USD is higher at 1.4935, following an opening day price of 1.4819. The USD/JPY was lower at 90.20, from 90.92
boosting the currencies against the dollar was positive economic data from the euro zone.
      Both the German Flash PMI along with the German Manufacturing PMI were stronger than expected. This created a positive environment in the forex markets and had traders selling the dollar.


This afternoon the Fed Funds rate is expected to be released along with the accompanying rate statement. The Fed is expected to hold interest rates steady, but the statement may show a cut in U.S. growth forecasts due to recent weak U.S. housing data and the European sovereign debt crisis. A cut in the growth rate or a change to the wording in the rate statement may cause the dollar to weaken further in the major pairs. The next resistance line for the EUR/USD is 1.2380.

Economic News

USD - Dollar Up vs. EUR for 2nd Straight Day

The US dollar gained for its second straight day against the EUR on Tuesday as new concerns about the funding needs of European banks offset stronger-than-expected German economic data. Against the Japanese yen, the Dollar fell to 90.56, from 91.97 late Monday.


The greenback had been higher earlier in the session as a downgrade of a major French bank resurrected worries about the European economic outlook, and as enthusiasm over China's revised currency policy faded.


Also affecting the foreign-exchange market, analysts have said that investors trimmed their expectations that China's plans to loosen its so-called peg against the US dollar will boost global economic growth.


Beijing's weekend announcement had spurred a sharp rally in US stocks, commodities and currencies highly sensitive to economic growth, such as the Australian dollar, to start the trading week, while weighing on investments seen as safety plays -- including the US dollar. Now, however, the initial euphoria appears to have faded.

EUR - EUR/USD Pulls Back from 1-Month High
The European currency retreated from a one-month high against the US dollar on Tuesday, tracking a pullback in the Yuan a day after China's pledge to allow its currency to trade more freely had spurred risk demand. The EUR barely reacted to the German Ifo business climate index, which came in slightly higher than expected at a two-year peak in June, while the expectations index fell.


The upward momentum seen on Monday in the EUR and higher-risk currencies, including the Australian dollar, petered out as investors acknowledged that a more flexible Yuan policy would not lead to a sharp appreciation in the currency. The euro traded at $1.2271, down 0.2% on the day after falling to $1.2259. The EUR pulled back from $1.2490 hit on Monday, its strongest since May 24, after failing to break into the $1.25 region.


Analysts have said that a ratings downgrade of French bank BNP Paribas by Fitch, and Standard & Poor's announcement that it was raising its estimates for loan losses for Spain's banking sector on Monday, also weighed on the EUR. The single currency extended losses after Moody's Investor Services cut two Greek government sponsored ABS. Market players said the EUR would face more losses, but technical analysts said near-term support was seen at $1.2253.

JPY - Yen Rises vs. Major Currencies
The Japanese yen rallied against all 16 of its most-traded counterparts after a report showed existing-home sales in the US unexpectedly fell in May, spurring speculation that growth may be slowing in the world's largest economy. It rose 0.6% to 90.57 per dollar, from 91.11 yesterday.
      Japan's currency also gained against the EUR in more than two weeks amid speculation that European banks will struggle to raise money. The JPY rose 1.2%, the most on an intraday basis since June 7, to 110.86 euro before trading at 111.14 up 0.9%.

Technical News
EUR/USD
The Bollinger Bands on the hourly chart appear to be tightening in expectation of a volatile movement. The price seems to be floating in the over-sold territory on the 4-hour chart's RSI, and the weekly chart's Momentum oscillator is still pointing upward. The chance exists that the volatile movement will be upward as a result. Traders can take advantage by going long with tight stops in place.

GBP/USD
This currency pair appears to be continuing its cyclical movement within the current bullish channel. After a recent upturn there is a chance that we will see some downward pressure on this pair to conform to the present trend. The price already looks to be entering the over-bought region of the daily RSI which gives us an indication that it is expected to depreciate in the near future.

USD/JPY
After a modest downturn, the USD/JPY now appears to be expecting an upward correction. The current price of 90.50 seems to be a solid support level which this pair has found difficult to breach. The 4-hour Stochastic (slow) is showing a fresh bullish cross, and the weekly chart's Momentum oscillator has flattened out from its previous downward direction. It seems as if an upward shift could take place soon and traders can take advantage by entering long positions early.

 
USD/CHF
The Stochastic (slow) indicator on the daily chart for this pair seems to be showing a recent bullish cross. After breaching the lower border of the daily chart's Bollinger Bands, this pair now appears to be undergoing its expected bullish correction. Going long with tight stops may not be a bad idea today.

I realize I have not discussed  the robot so far.  I will be getting  more into depth a little further on .  I will tell you I took off fap turbo 50 for a couple of days because I have been setting the Fap 49. Great reviews. Lets see what Happens.  It is really important for you to learn to trade yourself first . If you can not trust yourself to trade how will you trust a program that you know nothing about to trade. Fap Turbo or any robot is not something you can just download and it will make you money .  There are a lot of settings and a lot of tweaking you must do or you will loose money . Look at what happened to me , I must have fucked something up on the parameters and it was trading like mad and not profitable trades.

Carefully Reading the updates I supplied to you I just could not help making some trades:)

USD/JPY SELL @ 90.11

CHF/JPY SELL@ 81.155

EUR/JPY SELL @ 91.55

I will let you know when I close out the trades and what the profit will be or loss.

have a great day

Exciting news in Poland.

Hello there, Sarah here!

  So it looks like there may be a tough fight in the second round of the presidential election in Poland.   After the first round they speculate that the winner will be Bronislaw Komorrowski . But their happens to be  a strong contender Jaroslaw Kaczynski ready to give a fight .  Does this  effect the market .  We don't have to worry, the overall outcome of the election should be  relatively close to what they expected so the  impact of this should be relatively muted. The zloty has strengthened slightly this morning, but that has probably more to do with the increased global risk appetite than with the results of the presidential elections.  Fun question for you all to think about : What do you think? Is a Democratic or Republican president better for the market?  
   Let me know your views and I will provide the answer in my night blog.    Lets continue onto .....................................................JAPANESE CANDLESTICKS

 Candlesticks are the indicators that reflect the feelings (fear and greed) of the buyers and sellers. Candlesticks have their own language. If you learn their language, you will see that they really talk to you and tell you what will happen in the future.

It is so important that we learn the language and the language well.  Remember that Price volatility is the result of nothing but the behavior of the buyers (Bulls) and sellers (Bears
Every  candlestick has 4 numbers OPEN PRICE, CLOSE PRICE, HIGH PRICE, LOW PRICE.

I will try to give you an example: When you open the one hour time frame, the open price is the price of the currency pair at the time that the candlestick is started. In the one hour time frame, it takes one hour for each candlestick to be formed completely.

When a candlestick is just started in the one hour chart, the price is 1.362 this is the open price. The prices goes up and down during one hour and finally, when one hour is over, the price is 2.0080. This is the close price.

You get a BULLISH CANDLE when the close price is higher than the open price. It means the price has gone up during the formation of the candlestick.
Now If the open price is higher than the close price, the formed candlestick is a Bearish candlestick. This  means the price has gone down during the formation of the candlestick

The high price is alway the maximum price and low price is always the minimum price during the formation of the candlesticks.

Hope this picture I drew for you gives you clarity.

We will learn the different shapes tomorrow.

Now who wants to know how my trades have been going?  Well I have not used the Robot in a couple of days and I have to say I hav not made good trades. Been playing the AUS market and frankly it doesn't take a "professional" to know that it is not doing so well :) !  I am taking a few nights off from trading to focus on learning a little more and going to program these new settings in . I will share them with you .,

EUR/CHF
UseScalperStrategy true
Scalper_UseMM true
Scalper_LotRiskReductor 15
Scalper_UseAutoGMTOffset true
Scalper_StartWorkTimeHour 20
Scalper_StartSessionMinute 0
Scalper_EndWorkTimeHour 0
Scalper_EndSessionMinute 30
Scalper_EURCHF_TakeProfit 6 (5 if spreads are above 3)
Scalper_EURCHF_StopLoss 50
Scalper_OneTrade 0
Scalper_OneOpenTrade false
Scalper_MaxSpread 3 for commission based broker with 1 pip commission (4 for non commission broker)
Scalper_UseCustomLevels true
 
GBP/USD PARAMETERS VALUE


UseScalperStrategy true
Scalper_UseMM true
Scalper_LotRiskReductor 10
Scalper_UseAutoGMTOffset true
Scalper_StartWorkTimeHour 20
Scalper_StartSessionMinute 30
Scalper_EndWorkTimeHour 23
Scalper_EndSessionMinute 30
Scalper_GBPUSD_TakeProfit 8
Scalper_GBPUSD_StopLoss 62
Scalper_OneTrade 0
Scalper_OneOpenTrade false
Scalper_MaxSpread 3
Scalper_UseCustomLevels true

USD/CAD   parameters value


Scalper_UseAutoGMTOffset true
Scalper_StartWorkTimeHour 20
Scalper_EndWorkTimeHour 1
UseScalperStrategy true
Scalper_UseMM true
Scalper_LotRiskReductor 10
Scalper_MaxSpread 5 (never exceed 6)
Scalper_OneTrade 1 (max 1 trade/day)
Scalper_OneOpenTrade true (max 1 open trade at a time)
Scalper_USDCAD_StopLoss 48

REMEMBER TO SET YOU GMT!  THESE SETTING WILL MEAN NOTHING IF YO ARE NOT INLINE WITH YOUR BROKER. HERE IN ONTARIO CANADA OFF SET ID +2 . BECAUSE MY BROKER IS IN AUSTRALIA. YOU TAKE YOUR TIME AND YOUR BROKERS TIME( which you will find when you pressw your market watch on you platform which is also "ctrl M"
I HAVE A FEW MORE SETTINGS I WILL SHARE WITH YOU IN TIME. LETS TAKE A BREAK AND DO SOME TRADES. LET ME KNOW WHAT YOU PLAN ON TRADING.  I am taking a break from the market for a few days .It seems slow . GOOD LUCK EVERYONE.




Be back tommorow with some more setting for you all to try !

Cheers

WOW

 Good Morning!

   


 Lets get to the point should we really be that surprised of China’s decision to allow greater flexibility of the Yuan? Its boondoggle week, everyone is off to Toronto for the G20. China had to come with a gift so as not to spoil Harper’s party. Beijing is presenting this gift as contributing to the rebalanced of the global economy.  Well we should start  witnessing the ease of trade tensions and of China’s need to hike rates aggressively. This gift allows China to participate in the fun and games and not have to answer any questions.  All we can do is wait and see.




We should already know that the US$ is mixed in the O/N trading session. Currently it is lower against 10 of the 16 most actively traded currencies in a ‘volatile’ trading range.


The dollar has come under some pressure, rightly so, as the China move has created a positive global sentiment and reduced, the safe heaven demand for the USD, pushing equities higher and treasury prices lower. Question in mind are the moves sustainable? The subsequent appreciation of the Yuan is likely to be small, perhaps just a few percent over the remainder of the year. In the grander scheme of things, it’s not a huge deal and after all that will be said and done, trade tensions will always return. Analysts note that a much bigger move would do nothing to boost the global economy without additional steps to increase demand ‘within’ China itself. Overall, the fundamentals for US Treasuries remain positive, perhaps China may have to buy more overseas assets to counter the increased inflows of speculative money in anticipation of further currency gains. The European fiscal crisis remains on the front burner, and is negative for the EUR. With the reduction of market short positions over the last week, this Chinese policy change provides the perfect excuse to sell into the EUR rally.

The USD$ is higher against the EUR -0.06% and JPY -0.31% and lower against the CHF +0.16% and GBP +0.30%. The commodity currencies are stronger this morning, CAD +0.41% and AUD +0.37%. The loonie ended last week recording its second consecutive weekly gain on the back of higher commodity prices and on investors paring of some of the risk-aversion trading strategies. The loonie has remained coveted as speculators increased their bets that economic growth will eventually fuel demand for commodities after the ‘flexible Yuan announcement’. Big picture, the CAD is holding its own after the BOC’s rate hike and somewhat muted and directionless earlier this month. It remains the world’s second best performer vs. its southern neighbor. Using  loonies as a safer way to play an economic recovery in the US with linkage to commodities and less banking or fiscal noise has speculators better buyers of the currency on dollar rallies.

The AUD managed to print a new month high after China indicated that they would allow the Yuan to appreciate, thus boosting demand for countries who sell products to the world’s third-largest economy. In theory, ‘commodity rich exporting countries should benefit from the increased purchasing power of Chinese manufacturers’. Earlier last week, comments from the RBA, who said that Europe’s debt crisis would ‘inevitably weigh’ on global growth, had fueled speculation that the RBA may keep rates unchanged until at least the end of the year. It seems that that ‘previous rate rises has given them flexibility to leave borrowing costs unchanged at next month’s meeting’. Last week, stronger domestic fundamentals aided the currency. Employment data added +26.9k new jobs vs. an expected +20k. It was the third consecutive month of job gains, emphasizing the RBA’s call that that economic growth will accelerate this year. This pushed dealers into increasing their bets that Governor Stevens will resume the country’s most aggressive round of monetary tightening. So far, it seems that the crisis in Europe has not had a material impact on the Australian economy. With European stress test disclosures lined up and PBOC announcement has temporarily calmed investor’s fears. Technically, the market continues to want to buy AUD on dips (0.8842).




 So my personal update today is terrible the fab Turbo has been making horrible trades. it just out of control. When I turn the computer off and re open it has 6 or 7 charts going on and not even smart charts. Today  I will be finding out how to modify the expert and symbol properties. That is the only thing I can do.  Mess around a little . ( We all know how messing can be quite fun ) ! So if anyone knows anything at all about this feel free to help me out . I will learn it today and tomorrow's blog tell you how to do this step by step to modify , change and mess around. Tomorrow's blog could be fun. Now back to business , candlestick. I have been studying the Japanese candlesticks for many weeks. The best way to do this is by opening a chart change it to monthly view and pull up your information on candlesticks.   Here is a link to a great place to learn the basics of candlesticks. http://www.babypips.com/school/what_is_a_candlestick.html.   It is definitely worth reading.  It is not something that you will learn overnight and if you do WE NEED TO MEET !  anyways hope the blog was useful and if it was not please leave me a comment  so I can make sure it is enjoyable for everyone. While your on the blog check out some of the ads.  They are worth your time and will take you to sites that is worth reading and learning.  Hell why you're at it have a game of pinball and see if you can beat my score !


Cheers. It has been a pleasure writing for you

A great picture and a Quick lesson

Hello Sarah Nieman Here!  Happy to join everyone today ,

I just want to  let everyone know that I know have a game plan .  Everyday / night I will post a new forex story , new setting for you Fap Turbo and A new indicator.  everyday will be a new lesson that will be all you need.  Think Of me as the direct contact of source.  No middle man giving you a hole lot a verbiage that will only over load your brain. Trust me . When you check out the blog it will be a one stop stop.  To all my readers be patient and Your first lesson starts today. We must keep in mind we need to have a little fun too right.  So at the end of every blog there will be a joke of the day . rate it , tell me what you thought.  The more we think the smarter we become!

  I  will leave you today  with  a joke and your first leasoon to work on  because I Have to get into the shower and get my chores done :)


Everybody, somebody, anybody, and nobody



This is the story of four people named Everybody, Somebody, Anybody, and Nobody. There was an important job to be done and Everybody was asked to do it. Anybody could have done it, but Nobody did it. Somebody got angry about that, because it was Everybody's job. Everybody thought Anybody could do it, but Nobody realized that Everybody wouldn't do it. Consequently, it wound up that Nobody told Anybody, so Everybody blamed Somebody.


 It may not be too funny but always true!

I realize this picture as nothing to do with the market But it has everything to

do with My Life! We recently had 6 kittens and this is a picture of just what

a 2 and 3 year old do with the kittens!  

hear is a little reading for you to help understand the forex market.

Later today I will be giving you information on Spot markets and the best time to actually trade your pairs!  Take care

What is FOREX?

The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $4 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex rocks!

What is traded on the Foreign Exchange market?

The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).
        Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.
        In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.
        Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.

       Until the late 1990's, only the "big guys" could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions - and not by us "little guys". However, because of the rise of the Internet, online Forex trading firms are now able to offer trading accounts to 'retail' traders like us.

   Enjoy See you later with some really great INFO!!

Rainy Nights

Rain , Rain and more rain.  Leaves to do nothing but tweak my trades.  Today was a loosing day of 64.00  Its time to change things around and look for new settings. Could it be true what they say about the fap turbo ..  you know .. that it doesn't work.. Maybe after a month its starting to show its true colors . Only time will tell. Tonight I'm going to shut the robot down and do some manual trades.   I will be  going to check out twitter to see if I can get any inside information on what is happening in the market .  well I never got around to my trading , I have been to busy trying to make this blog work!!  I'm going to be 30 and entering into a hole new level of life. You know . I'm trying new things , breaking out of my shell and hope that everything that happens in the next 10 years will put me exactly were I am suppose to be.  I was always a wanderer. .. wanting to go everywhere , do everything yet never did. I say I was a dreamer.  someone that was very important to me in my past made me realize dreamers suck. its the real world.  Now I dream but not as much . What I am dreaming right now is  why does it have to be so late and wish I had a extra hour to pull up some trades!   AW lets do it tonight the Asian market and Australia is open . Canada and usd not much happening at midnight.  So  first rule of thumb. . NEVER JUST PULL A PAIR UP . that's when we click on our market watch and quickly browse whats going on ..  Be back in a minute

I found information stating AUD/USD is falling low . This is a great time to sell in and let it ride.   This is the only trade I have time for tonight.

forex news.

hope it brings insight for your trades on the 18th of June:
"No real bad news out of anywhere but the risk trades have slid lower in Asia with AUD/JPY falling close to 1% UK now set to undergo major regulatory overhaul US Congress and Fed also working through financial market reforms Reuters Tankan shows mood among Japanese manufacturers at a two-year high Reuters Q2 Asian corporate index, 78 Regional bourses down by 0.35% There has been a little more activity today but the return of China after their 3-day holiday did not have the desired effect and ranges have again been fairly tight. The mood has been one of risk-aversion which is the default mood in Asia. EUR/JPY closed in NY at 112.50 and fell back through 112.00 in the morning session. Plentiful bids in the EUR/USD between 1.2250/60 managed to stall further losses. Ranges: EUR/USD 1.2261/1.2313, EUR/JPY 111.86/112.58 USD/JPY has yet again been used purely as a tool for cross-trading as the market is not at the right levels for corporate interest. Range: 91.20/44 Cable has been trading heavily since half-way through the NY session and while it hasn't really moved against the EUR during our session, it has continued to drift lower against the USD and the JPY. Ranges: cable 1.4688/1.4737, EUR/GBP .8341/64 The AUD/USD targeted stops below .8590 in the early part of the day and once they were done, interest evaporated. Range: .8587/.8635. Markets: Nikkei -0.6%, HK +0.2%, Sydney -0.4%, Kospi -0.1%. Gold +$3 @ $1234/oz.



P.S. I'm tired and its late I should have stayed away from AUD/USD. But who knows what will happen . Good luck and Good night

Here are some great sites

Good afternoon ! 

 

Here are a few of my favorites and must read.

1. Pip school .  http://www.babypips.com/school/

2. forex for dummies  https://secure.efxnow.com/forex2/eng/ct-dummies.pdf

3. Forums. http://forums.babypips.com/expert-advisors-automated-trading/34390-fap-turbo-member.html#post196675

Now lets talk robot!!  I have some many weeks and lots of hours trying to find out "what is this robot how do I install it and what do I do with it. I found a broker Go Markets . I choose them because with in depth research using BBB And with them established for  many years and located in Australia They were heavily regulated (Australia country is   well regulated by the government much like us) . So I downloaded MT4..( which that is the platform fap turbo using) and it's important you do a search for brokers that use MT4. It is  A very complex platform to start out with I think  and I honestly do not believe I will ever learn all of it.. With the help of everyone on this blog I am sure we will figure the indicators out together .  Anyways where the fuck was I ..  Yes , the Fap Turbo. The beast that makes 50,000 over night.. NOT TRUE MYTH.     Now I have found some great setting and getting more everyday .. i will share them with you .. 

        Do you need help downloading or installing your robot just leave a comment I will go through it step by step with you.  If I can do this anyone can (that is determined )

    I am trying very hard to stay focused and I keep jumping  around And I am sorry . Just leave your comments and i will clear things up that I might of missed.  So far I made a profit of 2365.88 in 2 approx 2 months on my own .  I am playing it very safe and I am scalping.  I don't need BIG I want consistent.  I may only make 6$ a trade but I made that 6$ in 3 seconds top.. Look at this way who makes 2$ every second. I DO !!  That's called scalping.. be sure to ask your broker if they allow scalping. Very Important not all brokers will and if they do They will cheat you.   Now the robot using some of the best setting that I have tested is making roughly  100-250 a night when I am sleeping.  So an extra 250 a day well I mean night :)  So It is pretty cool to wake up with profit.  reminder the bigger you set your odds the more money you can profit HOWEVER the more money you can loose as well.    I don't have 15,000 to invest if I did I would be making more like 2000 a night instead.   I will someday .   IT IS HIGHLY RECOMMENDED BY ALL GREAT PROFESSIONAL TO PLAY YOUR DEMO AS IF IT WERE REAL AND TO PLAY WITH YOU SELECTED BROKER FOR MINIMUM ^ MONTHS BEFORE YOU GO LIVE

Broker lesson # 1

Questions to ask your broker before you sign up 

1).What is there GMT off set!?  You need to know this to program your setting properly on the robot .. That is the number 1 setting!!!!!!!!

2.I would like to know your margin requirements and liquidation policies.
3) May I have a copy of your margin and trading policies?
4) what is the min deposit requirement?
5) how much do I need to "pony up "cash as collateral to support the margin
requirements established by you?.
6) How many currency pairs do you offer? the more pairs more trades you can do .

I actually read there legal contracts.  I did seek a financial broker to help assist me in areas I was unsure of.  i am just super cautious in my life now.  back In my 20's I did just about anything and everything :)  Now I am smarter and patient.. Which many friends along the way taught me to be patience and not be in such a rush.. 10 years and I have finally slowed down:)

 Sorry my kids are demanding my attention . So I will right later on tonight. 
I will be completing my posts at 10pm every night. If you want to catch me live that's when to do it.!

The first day of a life long journey

          Hello out there. First I hope everyone finds this blog useful and a intimate place to share your insights so all of newbies can figure the trillion dollar world out!!  So as this is the beginning I will share with you how I got involved and the things that I had to do and information that can help you get stated.  Ian Coleman and Hector Deville .  Google them .  Ian Coleman is the lending Man in the forex world, He runs free webinars teaching us forex rules and platforms.  Before I bought the robot I practiced on FXexpress platform.  For all of you out there  The platform is the broker. i first went to sign up with FXexpress A great website http://www.fxclub.com  . For a beginner this is a great platform for A DEMO . Easy to use and if you sign up with the fxclub(free) You will be invited to extremely useful webinars that will help you piece the puzzle together.  So That's What I did on my very first day ..   Always remember the  forex market is not A gambling site .. Never say to yourself well the dollar is down I have a gut feeling it will go up ..  If you do the Market will swallow you hole.

I began studying forex because I love money and I want to learn currency it's that simple.. STOP it's not people go to university for many years to learn the market was this something I will be able to do.. YES with time lots of time.  I believe you can learn anything if your passionate about it  and you have the Internet:)   Spent  2 months popping in and out of webinars and join FORUMS when I came across  Fap Turbo. Man i wanted this robot and if you have seen their web page you will understand. http://www.fapturbo.com/.   With taking part in many money scams I was a little weary and not willing to invest 160 or so in this so called robot I knew nothing at all about.  So  I searched Ebay and sure enough I found it there for 13.00 CAD.  That's right 13.00 . I I bought is. Figured if it doesn't work I'm not loosing anything really .   Had many troubles at the beginning but with persistence I figured it all out which I will share with you in blog 2.  
Anyways..  What is the forex market.  Its the market where you buy and sell currency pairs.  basic information right now for you  to remember .. WHEN YOU BUY A PAIR ( CND/USD)  YOU WANT THE MARKET VALUE TO RISE.. SO YOU CAN SELL HIGH.   WHEN YOU GO TO SELL A PAIR YOU WANT TO SELL THE PAIR HIGH PRICED SO YOU CAN THEN BUY IT LOW.     
 
This is my first blog and I promise I will get better at this as we go. i have learnt so much I have no clue where to begin.   Once I get caught up and right everyday I will get better
 
good night and stay in touch for award winning setting and links to my favorite websites!
 
Cheers