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.
I have a dream, forex will be my only way to make money. I like the feeling when all my trade got green, it is fun when I feel adrenalin pump up when I'm enter the market wich has great volatily movement
But I realize, forex as not friendly as my first thougt in early time. It's cruel and will 'kill' you if you are not carefully, but in other side it's provide you a chance to get a lot of money
I don't mean to provide any signals for trade, what I've done here just wanna make a record about my interaction with forex market.this will used for record so I can examine what have I've done with my account
I'm using :
Indicators:
-EMA 5, EMA 20, EMA 66 , EMA 250, EMA 365
-Parabolic SAR
-RSI
-Candlestick
Timeframe :
- 30 mnt chart for figure out main direction
- 15 mnt chart for figure out retracement potency
- 5 mnt chart for entry timing ( market price )
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My opinion today:
TF 30 mnt Chart:
Price movement bellow EMA 66 wich mean still downtren,RSi (15) at 46 value, I think it is try to break RSI 50, SAR indicate in the uptrend but weak, candlestick patern shows bullish getting loosing it power
TF 15 mnt Chart:
Price movement bellow EMA 66 but EMA 5 already cross up to EMA 20, in my opinion, next price will try to move on to EMA 66 area in 1479 area if RSI steady above 50 ( now it's about 40, In my opinion bullish not comfirm yet
My decicions :
I set pending order sell limit at : 13508, Stop loss : 13530 and target profit at : 13488
*sorry I can't include screenshoot yet, but I will include it in the next post
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.
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