Rain's Quote
My first interaction with forex was GBP/JPY, but more deep involved with forex, I learn that it's not about how you make a lot of profit, it's not about how fast you will gaining hundreds of pips. It's all about how you dealing with your psychological factors, how you manage your risk and stabilize your profit. It's true that GBP/JPY could give you hundreds of pips in an hour or less but it could take your all margin either.A fiew month ago, I decided reduce my trade in GBP/JPY and try to play in EUR/USD,It's hard time when I must learn new behaviour becouse trading in EUR/USD is not same thing dealing with GBP/JPY. EUR/USD has own rhythm. Based on that I decided to make this blog, I want to share with everyone about my journey to change my behaviour and I hope,you can feel the same thing, that it's not too late to learn something new and there is always new things to learn in forex market. Don't stop learn,once you stop it is same thing that you are dead. There is a lot thing I want to write but my limitation in english make it hard to me to wrtite, but I don't want give up. I believe, someday english would not be my constraints to write and share with you. My motto : Learn First, Wealth Will Follow.
04:15 PM (GMT+7)
TF 4 H
I think EUR/USD now try to break barrier at 1.5043 - 1.5063 area, if that level could break surely and momentum hold, I believe EUR/USD will further try to break 1,5239. On downside, possibility retracement will try to push 1.4860 area ( EMA 66), and if it could break I will very carefully about possibility of bearish. But now, my main idea still bullish
TF 1 H
On TF 1 H, RSI steady above 50's area, EMA 5 ( blue) and 20 (green) also steady above EMA 66 ( red),SAR formed nearest support area at 1.4950. From all indication I already make entry long EUR/USD fiew minutes ago at 1.4989, SL at 1.4939 and I let it with open target for now
Update November 11, 2009 : 08: 25 PM (GMT+7) :
EUR/USD Double Top???
my original position already hit SL. Now I make new entry sell at 1.5024 with SL at 1.5064 target at 1.4900. I speculated that TF 4 H forming double top
DISCLAIMER
Trading of financial instruments involves substantial risk, including complete possible loss of principal plus other losses and is not suitable for all members of the public. This blog discusses my experiences and my style of trading. This blog is for entertainment and educational purposes only. The trades discussed here are MY trades. You make your own trades and you and only you are responsible for your trades. Ideas and opinions discussed on this blog are not in any way recommendations to buy or sell securities or investment advise.
