Forex Euro/ Usd H4 - 28 August 09

Forex Euro/ Usd H4 - It form a double top and that's the resistant for now. And as the arrow shown with No 1 means it is forming another new wave, and now it 's moving in the 2nd wave after a pull back at 50 fibo level. Let see if it can break the resistant.

Forex Euro/ Usd, Daily - 28 August 09

Forex Euro/ Usd Daily - A strong bullish shown from yesterday daily candle. Let see whether the momentum still follow up today.

Forex Euro/ Usd H4 (2) - 27 August 09

Forex Euro/ Usd H4 - Vertical flip over the chart for a better view.

Forex Euro/ Usd H4 - 27 August 09

Forex Euro/ Usd H4 - a double bottom as shown, the arrow. If it break the support, it will go down further.

Forex Euro/ Usd, Daily - 27 August 09

Forex Euro/ Usd Daily - as shown it's a pull back now in the up trend channel.

Forex Euro/ Usd H4 - 26 August 09

Forex Euro/ Usd H4 - it move between the resistant of 1.4376 /top arrow, and support 1.4252/ bottom arrow. It not not be a firm direction till it break out from this level.

Forex Euro/ Usd, Daily - 26 August 09

Forex Euro/ Usd Daily - It appear to show a doji. If it break above last night candle high then it will go up further. As for now, it does not really show a firm direction cos both side of the momentum is weak.

Forex Euro/ Usd, H1 - 25 August 09

Forex Euro/ Usd H1 - As shown on yesterday chart, it fully form the 5th wave as shown today. It also stop at 61.8 fibo level.

Forex Euro/ Usd H4 - 25 August 09

Forex Euro/ USd H4 - It's a pull back now and moving in the bullish flag. If the pull back break below 1.4199 then H4 will turn bearish again.

Forex Euro/ Usd, Daily - 25 August 09

Forex Euro/ Usd Daily - It seems to losing out the bullish momentum from yesterday movement and form a doji star as shown below.

How to find a right Forex Broker?

If you are wondering which broker is the best? I would say, everyone of them have their good and bad part of it. So it's up to you to choose which ever suit you the most.
There's lots of difference between them, even the price rate. Example, if you look at the chart above, the price where the arrow is pointing at, then compare with the price from chart below. This are 2 different broker and the price rate is 2 pips apart. How is that possible, which broker is out of range? There's never be an answer to it, if you ask me. I been through all the live chat with the brokers and non can give me a good answer. Everyone of them have their own excuse to it. I am using 3 different brokers so I know the difference from the comparison. Some offering me a 0.8 pip spreads. But there's more behind it that you might not notice. It say min 0.8 and not fix at 0.8 pips. Only the market off peak time you able to see 0.8 and when market started to move, it will open up to 1.6. Placing order also make a lot difference too. Some broker can offer min. 3pips apart for placing a pending order, and some of them are 50 pips apart, see the difference. I have a broker now with the offering of 2 pips spreads and it does stay at 2 pips most of the time. Unless during every news time, it will open up wide till it can reach from 2 pips up to 10+ pips of spreads. So if you are placing a buy pending order during news time, you really need to be cautious cos it will execute your order before the price reach your buy price target. You might not notice that some broker are using difference time zone. Most of them are GMT but some of them using their own server time. It does make a lot of difference too for your trading. Cos the closing time for the candle is different and the channel too will be different especially H4 time frame. So some of the brokers candle might show a doji and others might show a normal candle.
So, how to find yourself a right broker? EASY - which ever broker are paying you money is your right broker, is that simple.

Forex Euro/ Usd, H1 -24 August 09

Forex Euro/ Usd H1 - It is in the 4th wave now, and usually 4h wave and 5th wave are much more shorter.

Forex Euro/ Usd H4 - 24 August 09

Forex Euro/ Usd H4 - it seems like it's targeting to touch the resistant at 1.4412 but beware cos it's in the 4th wave, check H1 to know more.

Forex Euro/ Usd, Daily - 24 August 09

Forex Euro/ USd Daily - It broke the daily resistant and turn bullish trend again.

Forex Tips - Don't lock yourself out.

Being a trader, your everyday mood is very important. If you are moody, stay aside. Or if you are not feeling well, not enough sleep...any of those thing that could drag your mood down or affect your emotion, just don' trade. Go shopping, take a walk, fishing, go spend time with your family...... or get a good nap. A clear mind is very important, without it you won't able to trade right. This is part of your discipline list you need to follow. A meditation will also help a lot too. As for me I don't drink coffee during trading days, cos caffeine make me nervous.
Most important thing, don't lock yourself out. Most of the trader never want to mix around with other trader, afraid of confusion. They will stay away from others and try to solve everything by them self. Not everyone make it out perfectly, most of them ending up more confusion. Even Pro or gurus do mix around, why not you.
Mixing around with other trader does not mean you have to listen to their opinion or follow their trading method. You look at other traders to judge your current trade in this market. Such as now, current market are not moving in perfect trend and a lot of traders are in the losing state. So if you are not mixing around , you will never know that the problem are from you or the market. Then, you blame yourself for all the losing trade and this will affect your emotions and losing confident.
We trader need to mix around to know where we are we standing at in the current market. If traders around are still making money now, this means your old method is not suitable for current market and start to make a little adjustment. We have to be flexible with our trading method. The market is your boss, if your boss is changing method or products, you need to follow with the flows or else you be fired. SIMPLE & FLEXIBLE is the key to trading.