Forex Trading Blog
If you view the video belowe, thats what Dr Schoon is saying and he is telling all his viewers to keep the wealth in gold just like the banking family Rothschild has been doing all these years; telling people to keep their wealth in fiat money and buying and hoarding more gold than all the central banks of the world combined. Watch the vidz guys:
So, if you are thinking of diversifying your portfolio, consider gold.
Do your due diligence of course. 
Cheers!
~Ardy~
Forex Trading Blog
There are a lot of things out there that the powers that be don’t want you to know. In fact it is in their scheme of things if people remain as ignorant about certain things as they can be. Why? Because, knowing more than you should know is well, something that might just disturb their plan. Their plan is always centred around maintaining the balance of power, the majority on the periphery and the “elite” at the centre where there is a concentration of power and moolah. So my dear readers, do yourself some justice and do yourself a favor, explore and explore more. Have your own ideas about what is happening around you and make haste on what you should do for you loved ones. Below is the movie’s trailer.
And here is another video that interviews the director of the movie as well as a Professor who gave some insights on what should be done if America wants to get things right again. Salutations to the Professor who with a straight face and courageous words made some very very interesting statements.
If you really want to be convinced on why you should really try to find a way to watch this movie, look at the figures below which tells you how much these guys want to hide the truth from you. 
financial insiders
You want to read the full article from where I got the above info, go to this link: Inside Job Cover Up.
Know the environment you are in and take action. 
Always great to know what are the attributes to be a successful trader. I know having the right mindset and discipline ranks high as qualities to have to be successful. Lets hear what FXDD analyst have to say in the video below:
Enjoy the holidays guys and spend time with your family this hols. Forget about the markets for a lil while and spend some good time by the fire place or around the dinner table.
Cheers!
Ardy
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Hi guys. This video provides a simple explanation on when you can stop trading on an intraday basis. It uses ATR (Average True Range) to gauge when is the best time for you to stop trading. Sometimes or in most cases actually, traders start losing money because they simply over trade. 
[Read more...]
forex related cartoon
The above quote came from another trader who actually shared his story of how he lost 60, 000 pounds in his first year as a trader.I find the quote interesting because it explains certain things that I face in my own life. It is something that has me wondering at times and looking at the above quote, it make me understand those situations better.
Anyway, there are many other things that the trader shared and there are a few things which I would definitely would not want to forget.
First of all, he mentioned that the reason he was losing so much money was because he had more loses than he had wins but the most crippling was that his wins were smaller than his losses and of course that means losing his capital in the end, inevitably.
The second learning point is that he started to win more than he lost when he started to take losses that were within his set limits. He set his maximum loss per day at 500 pounds and he realised that it actually helped him become profitable over the long run and it allowed him to gain more confidence too.
I think that the most difficult part about trading is taking a loss. It is something necessary in trading but is one if the not the hardest thing to do for any trader. However, if you really want to succeed as a trader, you really need to know when to take a loss.
If you are interested to read more about what the trader has shared, here is the link.
Cheers! 
~Ardy~
The a
The reason why I came up with this post is because I want to remind myself as well as you guys out there thattrading in “thin” markets with lesser volume than usual can be very risky when you are at the wrong spectrum of the trade. Just look at the chart below. Its a 70 pips move in less than 5 minutes. I saw the move and it really blew me away actually just looking at that. 
Forex Trading during the holidays
So watch out out there if you are still trading.
Cheers!
~Ardy~
Hi guys! I thought of an idea to add more zest on this blog. I am going to start a series of posts entitled as “Forex Trading with Ardy”. Ok,let me explain what this series is all about. Basically, it will be a series of posts that will explain to you trades that I have taken live and which I will try to post as soon as possible to this web site. This is so that the authenthicity of the post is kept at a high level. It is easy actually to look at past charts and draw out a conclusion or come up with an explanation about why the price acted as such and so forth. That is why, I will put up my charts and review it a few hours later so that you can see how the trade has panned out for me and how we can learn together how those trades turn out.
Ok, lets look at a scalping trade that I have taken today. It is a trade that was taken near a pivot point and it concerns the euro dollar pair. Lets bring up the charts.
Forex Trading with Ardy Series
Looking at the 5 minute chart above, you can see that the price is trading near the pivot point level. I usually do not use 5 minute charts when I trade but I sometimes would go down to a lower time frame because it can help you in giving a clearer picture of price behaviour. Do take note that lower time frames below 15 minutes must never be used alone on its own. It must be used together with other bigger time frames, like the 15 minute, 1 hour and so forth. Without the help of bigger time frames, you can easily be caught up with all the confusion and price movements in the lower time frame and end up taking trades that might put you on the wrong side.
What can we learn from the chart above?
The chart is showing us that the price had moved strongly through the pivot point level. In fact there wasn’t any hesitation or resistance at the pivot point level when the price touched the pivot point. The price just went straight thrugh as if the pivot point doesn’t exist. Nevertheless, we see the market giving some respect to the pivot point when the price actually refused to go on up before testing the pivot point and transforming it into a support level.
The price tested the pivot point twice and closed with a higher low. That is actually a buy signal. It shows that the trend is about to ensue. You might say that that price has already moved up so high from 1.308, why should you buy now? Here is a good time to reiterate a point that a trend will not stop just because it has already made the large moves. It can in fact move some more.
Is there another reason why a long trade should be taken here?
To be frank with you, there is one more reason and it is found on the 1 hour timeframe chart. Lets pull up the chart.
Forex Trading with Ardy
The above chart shows us that there is a downtrend line which contains “Magnetic Force” to attract the price to it. Price would usually test trend lines and it would require a great opposing force to push the price back down again. This would usually be in the form of candlesticks with long upper shadows or what others would just call “tails”.
So, based on the above 2 criterias, a buy signal is generated.
Where is the best place to put a limit and stop loss?
Lets say that you have entered at 1.313. We can put a limit at around 1.315 for a potential gain of 20 pips and a stop loss at just below the pivot point at 1.312, a 10 pip loss.
Lets say we have taken this trade and we wait the price to do its thing. As time passes by, you can do other things like listening to some music or watching a short movie on Youtube.
Ok, time have passed and lo and behold, our profit target has been hit!
Forex Trading with Ardy
The above chart says that this have been a profitable trade and with 20 pips in the bag.I hope that you have learned something here from my trades. This is a trade that I have taken and while I was in the trade, I continue to write on this blog. I want to make the posts as close to the real market action as possible.
Wishing you the best in your forex trading!
~Ardy~
Singapore Forex Trading Blog
This post is a reminder to all of us trading the forex market. Here is the reminder: Do not look for complex systems to trade the market. Look for simple and proven signals that is timeless and can give you the 90 percent chance of success when you trade based on those signals. These signals will usually be learned over time and requires experience. There is no short cut to trading success and especially so in the forex market. You need to gain as much experience as you can and you need to learn from the observations that you have made that is being played out in the forex market. That is one of the reasons why I am motivated to keep this forex blog alive. I don’t get paid doing this blog up but I am very happy to keep on updating it as it is actually a journal that helps to remind me of the interesting and potentially profitable observations that I have made with regards to trading the forex market.
One of the strongest signals that I would like to share with you is looking out for “Lower Highs in a downtrending Market using the 1 hour time frame”. How do you know that the particular price level is a high? Well, you play on probabilities and here it is bestthat I show you the signal itself on a chart that I have uploaded below.
Forex Trading
I have marked 2 main areas as A and B. If you look at the area A, it shows a double top that proceeded with a long red candle after the double top have been formed. However, the market then rose up to test the downward sloping line that I have drawn. It failed to break that line and at the area B, you can see that there a lower high have been formed. Not only is it a lower high, the red candle is a “bearish engulfing” candle that signals to us to take a short position. If you are a disciplined trader, you would only take trades that meet your criterias that you have set for yourself.
Here, the chart is giving me 4 signals to take a short position.
(1) A double top formation have formed. (Bearish signal)
(2) A lower high have formed. (Bearish signal)
(3) Price failed to break above the downward sloping resistance. (Bearish signal)
(4) Price closed just below or on the 50ema (orange dotted line) which is acting as resistance here. (Bearish signal)
Hence, with the 4 bearish signals given to me, I did take a short trade at around 1.315 and I exited at 1.31 (round number) making myself 50 pips from this trade. What I make here is not important, but what I want to share here is that, this is an example of a trade that follows criterias and is not one based on just on emotions. It is these kind of events that make you understand that to be a professional forex trader, you need to be methodological and of course to do that you need a lot of patience. Also, if you notice, you do not have to guess the tops and bottoms of trades, you should wait for signals that will allow you to enter profitable trades. Some traders might critic that if you keep on waiting and not guess the tops or bottoms, you might just miss a few pips. Let me be clear here, I don’t mind being late for a party. I would rather be safe than feeling terribly sorry later.
You want to see how the trade developed after I took my profits? Yeah, you have guessed it right. It went down some more to 1.3074. 
Look at the chart below:
forex trading
The market did go below the round number for about 26 pips before tuning back up. I have explained in an earlier post that prices do have certain reactions around round numbers (Trading around round numbers). I usually take my profits there but observing this particular situation and some others, I think that you can take your profits 10 to 20 pips below the round number.
I hope that you have learned something from this post. Trade with signals to increase the odds of being profitable in your trades.
Till then, good luck to your trading!
~Ardy~
Singapore Forex Trading Blog
forex trading maze
What would you do if you ever feel lost while trading forex? This is something that all traders would face as they manouver the forex market. How would anyone ever get lost in the forex market? Well, it is a feeling you get when after looking through the charts, you still don’t know where the edge is in the market.
This feeling of being lost in the forex market can happen when you get into a situation where you start opening long positions, closed it with a small profit and then started going short in the other direction, only to get stuck in a losing trade, cut that trade and started going long again, and again getting yourself in a losing trade. I am sure that most of you reading this post would have been through this. I am sure that I have and sometimes feel helpless in this kind of situatons. Nevertheless, after going through all that experience, I have learned to device some rules to follow when I am in that kind of forex market situation.
First of all, we must understand that as traders we make money when we take a trade that goes in the anticipated direction. Usually, when the forex market is trending, it gives us a better chance of being profitable as we jump on the bandwagon. At other times, the forex market can be a lil bit more tricky and you just couldn’t get a grasp of what is happening at that moment in time while you are watching the screens and see the chart move up and move down with no real patterns forming except a market landscape that I term as the “jagged” market landscape that moves up or down with a srong push only to go the other way a short while later. This can be quite tricky and if you get stuck in a market that behaves in this manner, you have to get ready to quickly cut your loss if you happen to be on the wrong side of the band wagon.
Ok, lets go on to what I think is important in this post. The tips and strategies that you can take and adhere to if you ever get lost in the forex maze:
TIP NUMBER 1
Whenever you get into the situation that you don’t really know the direction that the market is going, the best thing to do is to stop trading. Stop taking any trades and stay away from the computer for a while. Play with your cat, strum the guitar, water the flower, just do something else that will get you away from looking at the screen and getting even more confused. For me, I love looking at my fishes and my guppies that I breed a s a hobby. You might want to look at my guppies in my guppy blog here. Worst still, there are traders with the tendency to feel that they can conquer the forex market and even in a situation where they lack an edge, these traders still want to take a trade, knowing real well that such a market poses more risk than rewards. Don’t do these things and don’t ever think that you can conquer the market. The real fact is that you can’t. What you can achieve is more experience and mastery over this activity called trading and which will allow you over time to be able to follow the market and where it is going more accurately. The word is “more accurately” as there is no definite in trading except taking losses of course. So, stay away from the screen and come back later and get a fresh view of the market when you come back to looking at the screen again.
TIP NUMBER 2
If you ever feel lost in the forex maze, another thing you can do if you feel that you really need to take a trade is to open up a demo account and start taking trades on that demo account for a while. Of course, it would not feel as great as trading a real account, but at least you would not lose real money if the market goes against you while you are trading forex in that demo account. The market sometimes need some time to figure itself out. Once the market start developing into something that you can identify with, the switch on over to your real account and start trading with the edge that you believe you have. It does pay to be patient you know. I realised that there is a time for you to be patient and there is also a time for you to be fast in your actions (But remain calculated of course.)
TIP NUMBER 3
Another thing that you can do when you feel lost in the forex market is to look at the various time frames and what they are telling you. Here, I would like to share with you a simple method to use multiple time frames and using it in anon complicated manner. I use the 21 exponential moving average on all the 4 time frames that I use. The 4 time frames that I use are the 15 minute chart, the 1 hour chart, the 4 hour chart and the daily chart. I look at where the price is in relation to the 21 ema on the 4 charts.
If all 4 charts show me that the price is trading below the 21 ema, I would look for good opportunities to short. If the prices is trading above the 21 ema, I would look to take long positions. If the charts give me mixed signals, lets say two time frames are showing me to take long positions, and another 2 time frames is telling me to take short positions, what I will do is that I will give the bigger time frames more credit. If the 4 hour time frame is showing me that price is trading below the 21 ema (Bearish) and the 1 hour chart is showing me that the price is trading above the 21 ema (Bullish), I will do either one of these 2 things:
I will either (1) Wait for a bearish signal to appear on the 1 hour time frame, which would usually be bearish candlestick signals like a candle with a long shadow from the top or a double top formation and from there take a short position. (2) The next thing I could do is that I could deploy scalping startegies to scalp the market. I would decrease my position size when I scalp as I usually do not like to go against the bigger trend and I want a lesser risk threshold. With that in mind, I would scalp the market for an average 5 to 15 pips per trade. I would draw the support and resistance lines and trend channel on the 15 minute chart. My stop loss is usually situated just below the or above the trend lines. So, if there is any breakout through the trend lines, I would get stopped out and feeling happy about it as first I do not have to go through the harrowing experience of waiting for a trade to come back (In most cases, it won’t come back until it of course after it has burned your account to shreds, so quit playing the hopinggame) and secondly I would now be able to take a trade that goes along with the trend.
I hope that you have gained some helpful tips from readingthis post. Markets can be challenging at times and at other times it can give and give and give till you drop. Till that time comes, you need to be patient and to hold on to your horses and not allow it to take it away from you.
Wishin you the best in your forex trading journey.
~Ardy~
Singapore Forex Trading Blog
A self taught Trader with 3 years trading experience in the Forex, Futures and Commodities Market. Member of Technical Analyst Society (Singapore). [Read More…]
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"Bird Watching in Lion Country"
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