[Tuesday]
Price has nicely bounced off from the support. We look to buy this pair
Tuesday, March 30, 2010
GBPUSD 2010-03-30 Analysis
Technical analysis on GBPUSD done by Eric Lye in our Forex Trading Room
[Tuesday]
Price has nicely bounced off from the support. We look to buy this pair
[Tuesday]
Price has nicely bounced off from the support. We look to buy this pair
Friday, March 26, 2010
Clarification of my name being used in other website
If you refer to this website http://www.t3bforex.com/, I am being listed as a Super Peak Trader. This information is inaccurate. I have informed the owner of the website, hope he would correct this in the shortest possible time.
Cheers,
Eric
Cheers,
Eric
Trader's Edge
As traders our edge is the ability to analyze. We find evidence and
decide which side of the trade we should be on.
decide which side of the trade we should be on.
However, I realized most traders only try to find the right side of
the trade but neglected the right timing and with the right risk.
And we are just talking about getting into position. In my opinion,
ability to manage is the more important edge we need to train and
develop throughout your career as a trader.
Having a good psychology help us to sustain our training and
development. And the best, this never ends...
Sent from my iPhone
Eric Lye (赖锦河)
Tuesday, March 23, 2010
Hexametry for Traders - Trade Call on AUDUSD 2010-03-23
This is an intraday Trade Call on AUDUSD done by Eric Lye in our Forex Trading Room.
The purpose of the Trade Call is not to instigate my readers to trade, but rather to give more insights of how we trade. We trade on price action, we also trade based on our Hexametry framework. The framework is not a specific system nor a method. It is how we approach the market and manage ourselves as a trader.
[Tuesday]
Following up the analysis done on AUDUSD, there is a new opportunity to short AUDUSD
[Tuesday evening]
So tough to short this pair. Have to give up this call.
The purpose of the Trade Call is not to instigate my readers to trade, but rather to give more insights of how we trade. We trade on price action, we also trade based on our Hexametry framework. The framework is not a specific system nor a method. It is how we approach the market and manage ourselves as a trader.
[Tuesday]
Following up the analysis done on AUDUSD, there is a new opportunity to short AUDUSD
[Tuesday evening]
So tough to short this pair. Have to give up this call.
Saturday, March 20, 2010
Hexametry for Traders - Trade Call on AUDUSD 2010-03-22
This is an intraday Trade Call on AUDUSD done by Eric Lye in our Forex Trading Room.
The purpose of the Trade Call is not to instigate my readers to trade, but rather to give more insights of how we trade. We trade on price action, we also trade based on our Hexametry framework. The framework is not a specific system nor a method. It is how we approach the market and manage ourselves as a trader.
[Saturday]
I just did my analysis and this is the trade call for the coming week. Also refer to the analysis done on Friday
[Monday]
There was opportunity to short but with small profits around the 50pips region. This again tells us that the market is random. We formed bias of the market through our analysis, and we need to learn to accept the information when the market is telling us the opposite as the trade progress.
In my opinion, there is no such thing as right or wrong call (unless obvious cases like selling into support and buying into resistance with no good reasons), thus it's all about how we manage our trades in order to profit from the market.
The purpose of the Trade Call is not to instigate my readers to trade, but rather to give more insights of how we trade. We trade on price action, we also trade based on our Hexametry framework. The framework is not a specific system nor a method. It is how we approach the market and manage ourselves as a trader.
[Saturday]
I just did my analysis and this is the trade call for the coming week. Also refer to the analysis done on Friday
[Monday]
There was opportunity to short but with small profits around the 50pips region. This again tells us that the market is random. We formed bias of the market through our analysis, and we need to learn to accept the information when the market is telling us the opposite as the trade progress.
In my opinion, there is no such thing as right or wrong call (unless obvious cases like selling into support and buying into resistance with no good reasons), thus it's all about how we manage our trades in order to profit from the market.
Friday, March 19, 2010
AUDUSD 2010-03-19 Analysis
Technical analysis on AUDUSD done by Eric Lye in our Forex Trading Room
[Friday]
The pair is still on a strong move up. There is still some upside or it might start to come down south. So, what we need is a good setup to tell us which direction is of more probability (higher chances of success)
[Friday]
The pair is still on a strong move up. There is still some upside or it might start to come down south. So, what we need is a good setup to tell us which direction is of more probability (higher chances of success)
Wednesday, March 17, 2010
Hexametry for Traders - Trade Call on USDJPY 2010-03-17
This is an intraday Trade Call on USDJPY done by Eric Lye in our Forex Trading Room.
The purpose of the Trade Call is not to instigate my readers to trade, but rather to give more insights of how we trade. We trade on price action, we also trade based on our Hexametry framework. The framework is not a specific system nor a method. It is how we approach the market and manage ourselves as a trader.
[Friday] Update
Pair still pretty much trapped, but if played according to the level, getting small profits (30-50pips) can be done a few times throughout the last 2 days.
Let me look for other signals that has learning values and I would post it up for my readers.
The purpose of the Trade Call is not to instigate my readers to trade, but rather to give more insights of how we trade. We trade on price action, we also trade based on our Hexametry framework. The framework is not a specific system nor a method. It is how we approach the market and manage ourselves as a trader.
[Friday] Update
Pair still pretty much trapped, but if played according to the level, getting small profits (30-50pips) can be done a few times throughout the last 2 days.
Let me look for other signals that has learning values and I would post it up for my readers.
Tuesday, March 16, 2010
Good Tuesday
Managed to have 3 profitable trades today.
1) Managed to close out the USDJPY short that I did yesterday night
2) Shorted GBPUSD as per analyzed, didn't expect the fast U-turn, but still managed to get good profit out of it.
3) Didn't manage to react to the U-turn in the market, but caught the EURGBP short (not big move, but good extra profits)
1) Managed to close out the USDJPY short that I did yesterday night
2) Shorted GBPUSD as per analyzed, didn't expect the fast U-turn, but still managed to get good profit out of it.
3) Didn't manage to react to the U-turn in the market, but caught the EURGBP short (not big move, but good extra profits)
GBPUSD 2010-03-16 Analysis
Technical analysis on GBPUSD done by Eric Lye in our Forex Trading Room
[Tuesday]
GBPUSD clearly resisted and a nice bearish reversal (evening star) is show on the daily chart. Look for a good setup to short so as to find a logical and better priced stop loss.
[Saturday]
It's funny that someone would call me unethical for this. Anyway, I am just showing how I trade. What I see and how I manage the trade would determine how much I can get from the market. Is the right call so important? Market is random by nature. Nobody can be sure where market would go, it's all about how you manage. Below is how I managed the trade
[Tuesday]
GBPUSD clearly resisted and a nice bearish reversal (evening star) is show on the daily chart. Look for a good setup to short so as to find a logical and better priced stop loss.
[Saturday]
It's funny that someone would call me unethical for this. Anyway, I am just showing how I trade. What I see and how I manage the trade would determine how much I can get from the market. Is the right call so important? Market is random by nature. Nobody can be sure where market would go, it's all about how you manage. Below is how I managed the trade
Monday, March 15, 2010
AUDUSD 2010-03-15 Analysis
Technical analysis done by Eric Lye in our Forex Trading Room
[Monday]
I still see resistance at the moment, but the downward move is not confirm til the breaks happened as shown in analysis chart below. Double top is forming in H4, but yet to be confirmed.
[Monday]
I still see resistance at the moment, but the downward move is not confirm til the breaks happened as shown in analysis chart below. Double top is forming in H4, but yet to be confirmed.
Thursday, March 11, 2010
AUDUSD 2010-03-11 Analysis
Analysis by Eric Lye
[Thursday]
AUDUSD is being resisted at the moment. With further information that the pair is going to turn, it is a good pair to short.
[Thursday]
AUDUSD is being resisted at the moment. With further information that the pair is going to turn, it is a good pair to short.
Wednesday, March 10, 2010
2010-03-10 USDJPY Live Trade
Live trade done by Eric Lye
[Wednesday]
USDJPY formed a nice and big inversed Head and Shoulder on day chart which signifies the upward direction probabilities. The setup provided evidence its time to go long and a LTF trigger presented itself minimum twice for entry
[Wednesday]
USDJPY formed a nice and big inversed Head and Shoulder on day chart which signifies the upward direction probabilities. The setup provided evidence its time to go long and a LTF trigger presented itself minimum twice for entry
EURUSD 2010-03-10 Analysis
[Wednesday]
As predicted on Monday, price followed the red arrows price development, with the same view, I shorted EURJPY instead (Monday's analysis)
Below is the updated analysis for EURUSD. Market has been a bit rangy, got to be careful.
Updated by Eric Lye
As predicted on Monday, price followed the red arrows price development, with the same view, I shorted EURJPY instead (Monday's analysis)
Below is the updated analysis for EURUSD. Market has been a bit rangy, got to be careful.
Updated by Eric Lye
2010-03-09 EURJPY Live Trade
Updated by Eric Lye
[Tuesday]
Made a loss trade on GBPUSD trade yesterday, but manage a catch on EURJPY today with some trader friends at ECP.
[Tuesday]
Made a loss trade on GBPUSD trade yesterday, but manage a catch on EURJPY today with some trader friends at ECP.
Monday, March 8, 2010
2010-03-08 EURGBP Live Trade
[Monday]
EURGBP did a nice retracement to 88.6% and if the setup is completed nicely then it would be highly potential that price would continue its up move
[Wednesday]
Trade is still open. Slow but hopefully this would go higher than I expected.
[Wednesday evening]
Trade finally hit TP. From analysis perspective, I see that price should go higher. But I can't bear to keep it open anymore, anyway, 3 days, 105pips profit.
EURGBP did a nice retracement to 88.6% and if the setup is completed nicely then it would be highly potential that price would continue its up move
[Wednesday]
Trade is still open. Slow but hopefully this would go higher than I expected.
[Wednesday evening]
Trade finally hit TP. From analysis perspective, I see that price should go higher. But I can't bear to keep it open anymore, anyway, 3 days, 105pips profit.
EURUSD 2010-03-08 Analysis
[Monday]
Price is poised to break out of consolidation zone. We need to wait for a strong break above 1.3691, else price may just struggle and eventually fall back into the zone.
Price is poised to break out of consolidation zone. We need to wait for a strong break above 1.3691, else price may just struggle and eventually fall back into the zone.
Friday, March 5, 2010
Wednesday, March 3, 2010
EURJPY 2010-03-03 Live Analysis
Finally back to blogging.
[Wed] - EURJPY founds its base, shorted the day before and didn't get much, but this provided me with good information that the pair has found its base.
[Thur] - Seems like price want to stay within the consolidation zone
[Wed] - EURJPY founds its base, shorted the day before and didn't get much, but this provided me with good information that the pair has found its base.
[Thur] - Seems like price want to stay within the consolidation zone
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