MA5,10,20,50
MACD
Price Action
Trend Line (Up Trend/Down Trend)
Chart Pattern
Stop Loss/Take Profit
Support Resistance

Check List Fullfilled?
Go For IT :)

MA 5,10,50 with Price Action

MA5, MA10,MA50
MACD
Price Action (Break Resistence) BUY
Stop Loss at Previous Low

Bank Negara Malaysia 25 June 2010

http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2076

Ref No: 06/10/10

Embargo: Not for publication or broadcast before 1700 hours on Friday, 25 June 2010

Foreign Electronic Brokers Allowed to Offer Electronic Broking Platforms in the Malaysian Foreign Exchange Market

Bank Negara Malaysia wishes to announce that foreign electronic brokers would be allowed to offer electronic broking platforms for wholesale interbank trading in the Malaysian foreign exchange market with effect from 1 July 2010.

This initiative is aimed towards enhancing the participation of new players in the foreign exchange market to further increase the dynamism and competitiveness of this market. This flexibility will promote greater trading activities as electronic broking platform increases transparency, improves market efficiency and lowers transaction costs for the market participants.

Foreign electronic brokers who are interested to provide such service in Malaysia may submit the application to Bank Negara Malaysia in accordance with the requirements of the Banking and Financial Institutions Act 1989.

In assessing the merits of such application, the following criteria will be adopted:

(i)The applicant must comply with the local incorporation requirement;
(ii) The applicant must have a sound track record internationally;
(iii) The applicant must have a feasible business proposition to contribute to the development of the foreign exchange market in Malaysia; and
(iv) The applicant must have system capability and infrastructure to support its business, including to address contingency and disaster recovery procedures.

Further details or application shall be directed to:

Director
Financial Sector Development Department
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
Tel: 603 - 26919885 or 603-26907593
Fax: 603 - 26913661
Email: feb@bnm.gov.my

Bank Negara Malaysia
25 June 2010

© Bank Negara Malaysia, 2010. All rights reserved.

MONEY MANAGEMENT

Money Management

Put two rookie traders in front of the screen, provide them with your best high-probability set-up, and for good measure, have each one take the opposite side of the trade. More than likely, both will wind up losing money. However, if you take two pros and have them trade in the opposite direction of each other, quite frequently both traders will wind up making money - despite the seeming contradiction of the premise. What's the difference? What is the most important factor separating the seasoned traders from the amateurs? The answer is money management.
Like dieting and working out, money management is something that most traders pay lip service to, but few practice in real life. The reason is simple: just like eating healthy and staying fit, money management can seem like a burdensome, unpleasant activity. It forces traders to constantly monitor their positions and to take necessary losses, and few people like to do that. However, as Figure 1 proves, loss-taking is crucial to long-term trading success.

EUJ WEALTHGATE

IKOfx is a global online Forex trading provider. We had been established for the purpose to help Investor in success of Forex. During hash time of current economy downfall, Forex trading become most investor and trader favorite. With our company vision, integrity, and professionalism; we aim to drive online Forex trading to the next higher level.

About Us

EUJWealthGate has been established for the purpose to help Investor in success of Forex. Because of that we established Our team that also from all over asia would like to bring this opportunity to introduce forex with our professional help of latest news feed, technical strategy and world wide information gathering, Our is aimed to bring online forex trading to the next higher level. During hash time of current economy downfall, forex trading is what the world most needed to boost up the economy.

EUJwealthGate Team has join together with other trader around asia such as Malaysia, Indonesia, Singapore, Brunei and China to provides services for currency trading on the international financial Forex market. The company's main working directions are: providing qualified investment services aimed at earning speculative profit on international financial trading markets. Currently, there are about a thousand of traders are using our services provided .


Why Trader choose EUJwealthGate :

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EUJwealthGate seeks to provide a wide quality service package, and also the best trading terms in each working direction with friendly support and fast action to solve a problem, with the investment program is your next step into risk-free long-term investment..
EUJwealthGate , with its extensive global reach, wide range of services, strong growth and experienced team of professionals, is your best traveling partner along the road to success.

To Create Business & Wealth For Everyone thru Forex Trading

Introduction

EUJweathGate is a very first leading retail foreign exchange agent that we provide professional marketing and management support to help you. Welcome to the EUJwealthGate family, let us build a strong long-term relations with a common goal: achieve profit growth! Some advantages of joining are:

• Introduce Everyone thru Forex Trading
• Forex training course
• Fund services
• Local depositor & withdrawal services
• 24/7 online support

1. We are a one of elected authorize agent for one of a broker that to serve you batter with provide local depositor and withdrawal services
   
2. An abundant resource center and learning community for novice traders -
   We provide our customers with an intensive training course along with the systems required for a beginner's forex trading adventure. Our team of experts will regularly hold initial and refresher courses in various cities, allowing you to receive training and guidance first hand from our team of expert forex traders. In addition, we have selected the most comprehensive and complete set of learning materials with the sole purpose of helping you master forex trading techniques in the shortest time possible.

We provide special personal one-to-one or group service at all state or asian country to our customers .

We also provide professional foreign exchange trading knowledge and customer service skills through free online phone chat or e-mail.

Price Action

Trading Price Action

The concept of trading price action, for our trading method, is the right side trading of prices that have previously been established from chart reading previous price action areas that preceded breakout continuation price moves.

Price Action Area


The rectangle area is what I refer to as a price action area. A price action area is the area preceding where an 'extended' price move occurs - often from some consolidation period like in this case.

In the case of this price action area rectangle, there was a left side sell swing that consolidated between the swing low AND resistance, which was where the sell swing last broke at the yellow circle.

I want to now try to identify the prices specifically [price specifics] related to the price action that occurred - which was a hold of resistance AND an eventual breakout out of consolidation, and resumed the left side sell swing.

Our concept of trading price action 'says' that these same prices will again be relevant when there is a move back to this same area.


Refer From : http://tradingpriceaction.com/

Forex Strategy Outlook: Range and Breakout Strategies Favored on FX Volatility Expectations Read more: DailyFX - Forex Strategy Outlook: Range and Br

Forex options market volatility expectations have bounced modestly since last week’s trade, but currently depressed levels offer little scope for major price moves in the week ahead. We accordingly favor low-volatility Range trading strategies which tend to do well in these types of conditions. Due to their superior risk/reward profiles, however, we likewise think Breakout trading styles are worth taking into consideration. Although said price-following strategies often get chopped out through rangebound market conditions, the eventual breakouts lead to gains. Thus we will keep a close eye on Range and Breakout systems while treating trend-following Momentum trades with a degree of skepticism.

0322prop1

Forex Trading Automated Systems Outlook

DailyFX+ System Trading Signals – Our Momentum and Breakout strategies continue to see fairly mixed performance through recent weeks, and we will continue to treat Momentum trades with a degree of skepticism until further notice. Breakout2, on the other hand, has proven fairly resilient despite narrow currency trading ranges. We’ve always liked Breakout2 because potential reward always outweighs risk. That is to say, it often loses more often than it wins—but the wins far outweigh the losses. Over the long term these types of low-probability but high-reward systems tend to outperform Range strategies—especially when volatility makes a comeback.

We will reluctantly favor Range2 and Range1 trades in the week ahead by virtue of the downtrend in volatility expectations. Yet we can’t help but pay attention to Breakout2 trades as well; if this is in fact the calm before the storm, Breakout2 stands to outperform on major market volatility.

0322prop2

Definitions

Volatility Percentile – The higher the number, the more likely we are to see strong movements in price. This number tells us where current implied volatility levels stand in relation to the past 90 days of trading. We have found that implied volatilities tend to remain very high or very low for extended periods of time. As such, it is helpful to know where the current implied volatility level stands in relation to its medium-term range.

Trend – This indicator measures trend intensity by telling us where price stands in relation to its 90 trading-day range. A very low number tells us that price is currently at or near monthly lows, while a higher number tells us that we are near the highs. A value at or near 50 percent tells us that we are at the middle of the currency pair’s monthly range.

Range High – 90-day closing high.

Range Low – 90-day closing low.

Last – Current market price.

Strategy – Based on the above criteria, we assign the more likely profitable strategy for any given currency pair. A highly volatile currency pair (Volatility Percentile very high) suggests that we should look to use Breakout strategies. More moderate volatility levels and strong Trend values make Momentum trades more attractive, while the lowest Vol Percentile and Trend indicator figures make Range Trading the more attractive strategy.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES IS MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION.

OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The FXCM group will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance contained in the trading signals, or in any accompanying chart analyses.

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.

Read more: DailyFX - Forex Strategy Outlook: Range and Breakout Strategies Favored on FX Volatility Expectations http://www.dailyfx.com/forex/fundamental/article/weekly_strategy_outlook/2010-03-22-1702-Forex_Strategy_Outlook__Range_and.html#ixzz0ixSNxRwL