Tuesday, March 23, 2010


Good Morning, As right now im in a 3 trades which all of them is making money for me, im trying to milk some more money out of it, and currently looking as the NZDUSD pair. but first im gonna explaining the using the trendline techniques i lets u figure this out o or u can search for the book i forgot the name will updates it later. but here lets look at the gbp pair. u can see that i have a up trend line connecting the low and high low then price come back up test it failed then go back down(price usually do like that) when it break something go a distance then comeback and kiss it one more time be4 it countinous going in the direction it break out. so im now using that trend line as a center line (action and reaction) so we have a center line now what we do next now im gonna go find my action line (same slope ) so i find it i measure it same equal distance from center to the reaction line. This is the first techique of using the trendline.

Tuesday, March 9, 2010

EUR/JPY and Euro trade.




Here is 2 trade im currently in. Lets me explain a little bit about the euro trade . As we can see we have a nice little down blue pitchfork the first time it test it (the red letter ) i couldnt take that trade because i was out with my girlfriend shopping at the mall but tonite before the asian section i got in the trade with a small stop 20 pips but the target is good (2 or 3:1).

Ok now Ej it a typical set up that i usually use, it like this the trend line got broken most of the time price usually come back and test it once more time be4 it continuous it the way its going (i called it switchback). So i have to trade to manage right now. i will keep update these trade.

Happy trading .

Hi from Nhat.

Hi guys my name is Nhat. Today i just want to introduce myself and how i trade the forex market. Well i already said my name is Nhat but lets make it in full is NHAT NGUYEN. im a full time trader and full time student majoring in Electrical Engineering. i started my trading carreer since im 19 years old now im 25 hehe (dan im old now ). i been trading Andrew pitchfork for about 3 years and 1/2 now. My goal is 70 pips a day but i think i been pulling more than 70 maybe double well you know it depends on (she) market. Well i have a trading journal i started long time ago in Forexfactory.com (here is the link if u want to read http://www.forexfactory.com/showthread.php?t=188077) i will post some detail and explain why i take the trade so you guy whoever read this can follow me and hope u can learn some from me or she. Hope u guys have a great evening (ah it 2 am in the morning already) Time to go to work. See you all soon.