Owner: Forex Trading Journal URL:http://forex-tradingjournal.blogspot.com/ Join Date: Sun, 10 Feb 2008 13:35:37 -0600 Rating:0 Site Description: Forex Trading on EurUsd, GbpUsd, UsdChf, UsdJpy and EurJpy. My focus are in day trading and also longterm trades which are based on both technical and fundamental analysis. I also take high considerations to macro-economic factors. My aim is to become an Site statistics:Click here
About This Blog 2005-09-16 07:37:00 This is my forex trading blog. The aim of this blog is to develop disciplines and skills in trading focusing on forex market. I will start trading with a very small account size with the aim to accumulate profits and grow the account up while at the same time learn trading. I start small to avoid being wipe out of the market and if i suffer losses or failed i can restart again without causing any harm to my capital.Trading need iron clad disciplines and knowledge. As a trader I should make some analysis on the market in the short term and the long term time frame. I also should have an objective, define my trading strategy and follow them. Most importantly as a trader I should be able to read the market and my own mental state. Failure to do this have been proven disasterous.I am fully awa
Privacy Policy for Forex-TradingJournal.Blogspot.com 2005-09-01 12:55:00 The privacy of our visitors to Forex
-TradingJournal.Blogspot.com is important to us.At Forex-TradingJournal.Blogspot.com, we recognize that privacy of your personal information is important. Here is information on what types of personal information we receive and collect when you use visit Forex-TradingJournal.Blogspot.com, and how we safeguard your information. We never sell your personal information to third parties.Log FilesAs with most other websites, we collect and use the data contained in log files. The information in the log files include your IP (internet protocol) address, your ISP (internet service provider, such as AOL or Shaw Cable), the browser you used to visit our site (such as Internet Explorer or Firefox), the time you visited our site and which pages you visited througho Read more:Privacy
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Malaysia Political Situation 2008-03-22 09:39:00 The ruling coalition BN continues to face an uphill battle to get its house in order having seen 2 Cabinet Deputy Ministers rejecting their appointments, the threat of defections from government party members to a newly-formed Opposition alliance under Anwar and now a challenger in Tengku Razaleigh, offering himself for the top job in UMNO.At this present stage, there is despair among the rank-and-file over the significant inroads made by the Opposition. A large dose of the blame for the poor performance is being put on the PM, with the bolder critics pointing to public disenchantment with PM's leadership as the source of the defeat of many candidates. Furthermore, the Malaysia
n economy is in desperate need of a boost amid a deepening global liquidity crisis and a US recession.Just an opin
Malaysia's Current Economic Situation, Central Bank Rates 2008-04-24 21:22:00 Malaysia March CPI hit a 13-month high of 2.8% y/y as compared to a 2.7% rise in February, and slightly lower than the median f/c of 3.0%. S/adj, the CPI for March was unchanged from Feb. The increase in March prices was mainly due to steeper prices of food and nonalcoholic drinks, which rose 4.9% y/y, for alcoholic beverages and tobacco prices rose 9.0% y/y.Housing, water, electricity and fuels, which is the second-largest component in the CPI, rose a modest 1.3% y/y. Malaysian inflation has crept up since late last year but remains among the lowest in South East Asia, thanks largely to price controls on essential goods such as flour and cooking oil. Core inflation also looks reasonably stable on the month, at just over 2% thus allowing the central bank to leave rates unchanged at 3.5% ne Read more:Central
, Malaysia
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S&P Rate Malaysia's Credit Rating as Stable 2008-05-16 02:16:00 Ratings agency S&P has cut its outlook on Malaysia
's credit rating to stable from positive, citing increasing political uncertainty after the recent elections. In a statement, S&P said a challenging external environment and expectations of a slowdown in growth were also factors driving the downgrade on reduced prospects of a ratings upgrade.The agency affirmed Malaysia's A- foreign currenc Read more:Rating
, Stable
Chinese Central Bank to Stick to Its Tightening Stance 2008-05-15 17:38:00 China's Peoples Bank of China (PBOC) Q1 monetary policy report said that the CB would stick to its tightening stance in order to ward off price pressures as inflation is expected to stay high in the near future. It acknowledged that capital inflows will probably increase further in the short term, which will make it more difficult to implement a tight policy. PBOC said that growth in Q1 turned out Read more:Chinese
, Central
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, Stance
Malaysia Plans to Reduce Fuel Subsidies Within Two Months 2008-05-24 03:54:00 Malaysia plans to reduce fuel subsidies within two months, Second Finance Minister Nor Mohamed Yakcop said yesterday. The risk to the ringgit and other regional currencies is the spike in inflation from the withdrawal of fuel subsidies. The ringgit traded at 3.2175 per dollar in Kuala Lumpur for a 0.5 percent gain on the week, according to Bloomberg data, ending a four-week slump.Man, when will th Read more:Malaysia
, Subsidies
, Months
US Dollar Forecast, Interest Rates Cutting is Now Done 2008-05-24 03:30:00 Reuters forecast that US dollar will remain weak in forex trading. Reason for the stated forecast is the low interest rate will remain because the consumers in the U.S. are under stress from housing, and rising oil prices. This will mean the interest rates will remain low despite the rising inflation.Markets now expect the central bank to hold steady and possibly raise rates by the end of the year Read more:Dollar
, Forecast
, Interest
, Rates
, Cutting
, Interest Rates
Mahathir vs Abdullah Badawi, Barisan Nasional Future 2008-05-23 10:20:00 Malaysia's former Prime Minister Mahathir Mohamad on the sidelines of the Nikkei Conference, offered the prediction that Barisan Nasional would be in the Opposition after the next elections if Prime Minister Badawi
was allowed to continue in office. Dr Mahathir warned that he will attack the prime minister at every opportunity and seek ways to force him out of office. In the past 48 hours, Dr Maha Read more:Abdullah
, Future
Gold to go down to USD 850, copper to USD 8000 ? 2008-05-29 22:40:00 Gold continuing to watch oil/Dollar, but unable to hold yesterday's gains and has slipped below the USD 900 level, triggering fund sell stops, to be around session lows at USD 893.54. Some market talk that physicals could re-emerge at lower levels providing support with Asian chatter that buying on the rise after a very slow start. However, broker reports are becoming more bearish with USD 850 tou
Earthquake in China Could Cause Inflation 2008-05-28 19:05:00 The earthquake disaster which strike China
a few days ago could boost inflation the region. Sichuan is an important region for agriculture production in China. The recovery process and reconstruction could add to higher price of some related goods. The pressure is on the transportation cost because of the massive reconstruction needed to repair the damages in the affected areas.However Sichuan is Read more:Earthquake
, Cause
, Inflation
US Dollar Still Likely to Weaken Further 2008-05-31 19:29:00 Despite the recent rebound, the US dollar is still likely to weaken further, as the director of the People's Bank of China (PBOC) gold and foreign exchange division, Wang Yu said. She opined that gold prices would stay volatile in the near term and likely rally on in the long term due to a string of factors.She also said that the rising price will cause further buying by developing countries, crea Read more:Dollar
, Weaken
, Further
UK Pound Sterling Will Get Hit Harder Than Dollar, said Soros 2008-06-02 15:06:00 In a London Times interview, the world famous billionaire investor master, George Soros
, said that UK economy will get hit harder than US economy despite the subprime meltdown that hit the United States. The main factor is the bubbling of U.K. Household debts which can badly affected the country's economy.The UK financial sector accounts for about 8.5 percent of the British economy, almost a point Read more:Pound
, Sterling
, Harder
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Change of My Trading Strategy, New Target 2008-06-03 11:15:00 I have changed my trading strategy beginning yesterday. This is because of my lacking of time to check the chart from time to time. I will set the exit target just to around 30 pips from my entry. This means less time to trading and checking the chart. The 30 pips will become my daily trading target. Why 30 pips? Well, i think always pass 30 pips so I just take 30 pips as an easy target. Good trad Read more:Change
, Trading
, Strategy
, Target
, Trading Strategy
Japan Official Expects 'Chapter 2' of The Subprime Crisis 2008-06-05 23:44:00 Japan's former vice finance minister for international affairs expressed concern over a possible new phase of financial turmoil caused by the US subprime crisis. In a recent interview with Jiji press, the former vice finance minister stated that an increase in bad loans linked to subprime mortgages would lead to a series of bankruptcies among US regional banks, noting that this would be 'Chapter
2 Read more:Japan
, Official
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Petronas: Malaysia Will Become Oil Net Importer By 2011 2008-06-05 23:41:00 State-owned oil company Petronas
say recent petrol price hikes is expected to delay the country from becoming a net oil importer by 2011. According to its Chief Executive Merican who was quoted as saying that if will be postponed if the demand does not grow at the rate that it should grow. Merican added that if rate of demand is reduced to 4% annually it will be extended by three to fours years to Read more:Malaysia
, Become
UMNO Party Supreme Council to Decide PM Abdullah Badawi's Fate 2008-06-04 20:34:00 The ruling UMNO party supreme council will be huddled in a 3-day retreat starting today to be chaired by PM Badawi
. It will be attended by rivals like International Trade Minister Muhyiddin Yassin, and former Selangor Chief Minister Toyo both whom have been vocal in calling for PM Abdullah
exit. But there are others who would want to vie for PM Badawi position at UMNO if he goes. They include Mala Read more:Party
, Supreme
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BNM Zeti Still Assessing? 2008-06-12 21:54:00 Malaysia Central bank chief Zeti says it is too early to say what impact of recent fuel adj will be. According to her, the central bank will assess risk to Malaysia economy as well as potential stimulus to the economy. Zeti also offered an insight that the government has plan for a stimulus package for small firms. The unexpected high fuel adjustment appeared to have caught BNM off guard. In comin
Badawi: No More Fuel Price Hike to Reduce People's Anger 2008-06-12 21:31:00 Malaysia PM Abdullah Badawi
announced late yesterday that the government would not be hiking petrol and diesel prices again this year, recognizing that people are still trying to adjust to the hefty price hike last week. He added that civil servants would be given their salary in 2 tranches to help in the management of their finances. Badawi has been working hard to diffuse public anger over the l
KLSE Down, Stocks Focus on DPM Najib 2008-07-04 09:28:00 The stock market opened today after being closed almost the whole day due to a computer glitch. Shares promptly fell -2.24% at open, having missed much of Asia's falls yesterday. KLSE has since extended fall further to -2.38%. Politics should continue to rile stocks, with focus on DPM Najib.Najib Razak during the press conference with reporters including from the foreign country at his office at t Read more:Focus
, Stocks
MIER Recommends Lift Malaysian Ringgit Trading Ban 2008-07-11 22:48:00 Institute of Economic Research (MIER) was reported in local press to recommending that Malaysia should relax remaining controls on the MYR and let the MYR currency strengthens to slow inflation. MIER says lifting the ban on overseas trading on the MYR would boost the MYR currency, and helps make imports cheaper. Quoting its executive director Mohd Ariff Kareem who says that BNM only option to cool Read more:Malaysian
, Trading
WSJ Survey on US economy 2008-07-11 22:41:00 A Wall Street Journal survey showed that 22 of 53 economists said the Fed should be more concerned by economic weakness than by inflation while 21 said inflation should be the greater concern. The remaining said the risks were balanced.The conflicting views reflect differing outlook on where the economy
is headed. Most of those who say that economy weakness is the bigger threat think a recession h
GBPUSD: BOE to Remain On Hold This Week 2008-07-10 11:23:00 The Bank of England's Monetary Policy Committee gathers today for its regular monthly rate meeting with an announcement due tomorrow. Look for an unchanged verdict with the bank rate at 5.00% in line with market expectations as recent economic data cast a serious shadow over the near term growth outlook. On the flipside, inflationary pressure has continued to build and has been a major cause for c
Reduction in Fuel Prices Soon in Malaysia 2008-07-31 12:02:00 Local media report says PM Badawi could announce a reduction in fuel prices soon. Apparently this was brought up at yesterday's weekly cabinet meeting. The government has been studying ways to allow consumers to pay less for fuel after raising them last month. Yesterday Domestic Trade Minister Shahrir was quoted saying that Malaysia
could lower pump prices, if oil falls below USD 125/barrel for th Read more:Prices
Chavez Bearish on Oil 2008-07-25 02:03:00 Venezuela's President Chavez
so often a bull for the oil price has turned into a bear on Thursday as he saw scope for the price of crude to fall to the USD 100/barrel level. Recently he has predicted oil could rise to USD 200/barrel or even USD 300/barrel on various scenarios but today Portugal's news agency Lusa quoted the flamboyant leader donning a more socialist tone. Chavez, said that he saw Read more:Bearish
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