dedy hari kurniawan's - Trading journal

[dedy hari kurniawan]

I made this thread just to share my trading journal, i will try my best to explain my activities in the trade forex using bonus post as my trading capital.
I'm not good for niceties so i will immediately explain how i trade forex.
The first time i trade forex since 5 years ago or 1 year before joining the MT5 Forum and until now, in the trade i never use a Stop Loss and i never practice in a demo trading. I have a principle " if traders fear a loss and always limit your losses then it will never become a true trader "
I also use indicators in trading and this indicator has accompanied me for 5 years, i do not really like with anything complicated because my character is a man who thinks simple.
I will explain in simple terms how the workings of the indicators that i use in forex trading.



All currency pairs for me to have so many opportunities depending on how we analyze the price movement. Now I'm open positions on the currency pair EUR/USD and i will give you a screenshot of my trading positions

Balance: $218.87 (since January until now)
Leverage: 1:400





in every trade i only use 1/3 of the total capital, for example i have a capital of $150 so i only used $50 and $100 remaining capital would i use as a backup to withstand floating minus.

[bappy4x]

Agree with you dear ola4real and I think everybody should first try to get good knowledge about Forex, get good skills, experience, try to get proper knowledge about world economy, proper market analysis, follow good money management, follow risk management and discipline before start real trading in Forex market other wise Forex very difficult business and Forex success very difficult. So we should first learn then start trading in Forex market. Thank you.

Exactly, you are right that everyone need to know all about Forex and its trading system to be a great trader and well experienced person who know all about Forex and its trading system he or she can make their career within quick time and it is very important to get knowledge all about risk management and money management. Investment is very important here, and your earning will be depend on your investment that more invest then you can earn more. And have to determine that how way you will manage your money.

[kammraz]

I really have to thank you guys. I see something that I did not see previously in GBPUSD. I am going to buy GBPUSD next week. Hopefully it goes down to 1.3500 so that I can enter at better price before it starts going up. I'm unsure how far it will go up though but I still believe major trend is still downtrend.



This is a situation where I called it triple extreme when Ma5 low close outside Bollinger Band (look at the red arrow). Not 100% but quite a few times it will close the other end of the bollinger band. I absolutely have no idea where it could end up but I can't wait for next week to trade this pair.

[786pk]

Yeah i also thing that from next week dollar is weak and all opposite currencies becomes strong so their is a nice opportunity for all of us to buy this pair but with a proper money management i saw that mostly doing the same mistake by executing trades with different lot size which results in negative

[dedy hari kurniawan]

Where is the proof of withdrawal you made sir?
I think you forgot to upload it, as i know you always made weekly withdrawal.

Too many shows upload withdraw on my journal is not good, i do not want to be considered cocky

I think when daily candle can close above 1.3573/1.3574 then gbpusd have scenario for move more up.
But, when close still below the price, i have scenario for sell, brother.
For scenario weekly, u have consider still move down too..

GBPUSD now on sideway zone. This time are more critical for entry on any side. I think it is better to wait for breaking 1.3457 level for sell position. I see if this level are breaking then it will go more down which can be easy to get some good pips. But i see you want to make some profit from buy position. I think for this we should wait for breaking 1.3616 level. I am still waiting for breaking this two level for my entry in this pair.
Attachment 77380

About USDJPY i think this time this pair will go down. Because this pair already rejected two times from 110.02 and 110.04 level. So i think this pair will go down more. But i am waiting for breaking 109.15 level. If this level breakout and close candle below of this level then i will go on sell position. I think next week i will do that.
Attachment 77381

Thanks for sharing your analysis
My opinion about GBP/USD



If i observe GBP/USD on my D1 chart, price between 1.3617 and 1.3457 or are in the middle of FR 127.2
Buyer and Seller are equally strong in maintaining their position to buy and sell if one of the buyer and seller there is doing profit taking action then price can be go up or down.
Next week i will take sell position because price above FR 127.2 and my target at price 1.3600 or lower than 1.3600
I also do not know whether price will be able to break 1.3617 or 1.3457, if price can break 1.3617 then price could go to 1.3711 but if can't break 1.3617 then price can go down more than 1.3457 and vice versa if price can't break 1.3457 then price can go up to 1.3711 but if price can break 1.3457 then price can go down more deep.

Possibility USD/JPY will go down for price correction



My opinion, USD/JPY just go down for price correction if price can break support trendline and below 109.16
The main trend in USD/JPY is still bullish when seen from D1 chart and W1 chart, see close price and open price on D1 chart with only slight difference so if price can't break 109.16 on H4 chart then price will go up and test double top at price 110.05 and 110.03

[sonibark]

I really have to thank you guys. I see something that I did not see previously in GBPUSD. I am going to buy GBPUSD next week. Hopefully it goes down to 1.3500 so that I can enter at better price before it starts going up. I'm unsure how far it will go up though but I still believe major trend is still downtrend.

Attachment 77390

This is a situation where I called it triple extreme when Ma5 low close outside Bollinger Band (look at the red arrow). Not 100% but quite a few times it will close the other end of the bollinger band. I absolutely have no idea where it could end up but I can't wait for next week to trade this pair.

Honestly I wouldn't advice you against buying gbpusd right now, because the pair has been giving some several sign it may be going up but honestly it's still very tricky but it can end up being a very good entry for you if you did enter. But I will advice you to make sure you are using a good money management because the sellers are not ready to let go without fight. So trade trade wisely.

[crown]

Too many shows upload withdraw on my journal is not good, i do not want to be considered cocky



Thanks for sharing your analysis
My opinion about GBP/USD



If i observe GBP/USD on my D1 chart, price between 1.3617 and 1.3457 or are in the middle of FR 127.2
Buyer and Seller are equally strong in maintaining their position to buy and sell if one of the buyer and seller there is doing profit taking action then price can be go up or down.
Next week i will take sell position because price above FR 127.2 and my target at price 1.3600 or lower than 1.3600
I also do not know whether price will be able to break 1.3617 or 1.3457, if price can break 1.3617 then price could go to 1.3711 but if can't break 1.3617 then price can go down more than 1.3457 and vice versa if price can't break 1.3457 then price can go up to 1.3711 but if price can break 1.3457 then price can go down more deep.

You said you will go on sell position in this pair at 1.3600 level or below of this price right? If you do this then it can be more risky for you. Because if this pair go till 1.3600 level then it will try to break previous high level of the range. But i know you are more expert then me and you will take good decision. I just want to know that if you really entry on sell side will you use stop loss? if yes then which level you are using for that?

[Kalex]

Too many shows upload withdraw on my journal is not good, i do not want to be considered cocky



Thanks for sharing your analysis
My opinion about GBP/USD



If i observe GBP/USD on my D1 chart, price between 1.3617 and 1.3457 or are in the middle of FR 127.2
Buyer and Seller are equally strong in maintaining their position to buy and sell if one of the buyer and seller there is doing profit taking action then price can be go up or down.
Next week i will take sell position because price above FR 127.2 and my target at price 1.3600 or lower than 1.3600
I also do not know whether price will be able to break 1.3617 or 1.3457, if price can break 1.3617 then price could go to 1.3711 but if can't break 1.3617 then price can go down more than 1.3457 and vice versa if price can't break 1.3457 then price can go up to 1.3711 but if price can break 1.3457 then price can go down more deep.

Possibility USD/JPY will go down for price correction



My opinion, USD/JPY just go down for price correction if price can break support trendline and below 109.16
The main trend in USD/JPY is still bullish when seen from D1 chart and W1 chart, see close price and open price on D1 chart with only slight difference so if price can't break 109.16 on H4 chart then price will go up and test double top at price 110.05 and 110.03

Very good analysis ,my view also the same as you in GU AND UJ as me also seeing that there is no chance to buy GU in present condition till we see some good buying chances and also on the other side UJ is not willing to break the 109.16 level and already showed that it may get another bounce to the 110 and if that level breaks ,we can see next level to the 112 level.

[forexguy9]

usdjpy still maintain the bullish run, having been to close the week above 109.16. as long as that price level holds, we will most certainly see another attack at 110 and above. should the opposite apply, then i will stay by the side lines.

[kanyB1]

GBP currrency might still finally go the bullish direction but at the same time i think the pair should be given some chances to prove its sell well by breaking the major resistance that has been holding. once this restrictions are well broken then we can then buy it, i think that thats the only way to trade it in a more less risk free way.

[dedy hari kurniawan]

You said you will go on sell position in this pair at 1.3600 level or below of this price right? If you do this then it can be more risky for you. Because if this pair go till 1.3600 level then it will try to break previous high level of the range. But i know you are more expert then me and you will take good decision. I just want to know that if you really entry on sell side will you use stop loss? if yes then which level you are using for that?

It depends on GBP/USD price movement next week if price can't break 1.3617 then i will take sell position between 1.3617 and 1.3593
I never used stop loss in any of my trades and i often say it on the previous page, i only estimate the worst possibility if my analysis is not in accordance with my wishes. The worst possibility if my analysis is wrong then i will cut loss my sell position between 1.3711 and 1.3675