Monday 23, 2012 - 4 PM

In Indonesia, Forex market will open at 5 AM. Today, I try to analyze the Forex chart day by day to know what is the right time to open a new order. I will preview the chart every time I  publish a post. This is the Chart :

Thursday 19 - Monday 23 [Loss : 14 points]

Today is Monday. The green box in the image was the time when the market is open. I used some indicators to analyze the price. The first was Moving Average. I used period 5 and 10. Then, I applied Parabolic SAR. I love this indicator, because it is good to predict the next movement. Stochastic Indicator, I used it to support another indicator, which is Moving Average. I used period 10. Next indicator was RSI. This indicator also support Stochastic and Moving Average. I used the period of 10. Actually I have one more indicator, that was Bollinger Bands. This indicator to know the trend, what the trend is going on and when it will end. This indicator usually available in the platform. You do not need to make your own or spend hundreds buck just to buy an indicator. But, actually, each person has their own indicator to predict the movements. So, These indicators will help me to put the open position.

5 PM - 6.44 PM [Profit : 6.20 Points]