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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.

Wednesday, May 20, 2009

EURO/USD - May 20. 2009


TF 30 Menit :

On this chart, EU looks like wanna go down for a while, but bullish still dominate. Green horizontal line represent suports on EU, wich is : 13616,13581,13551 and 13527.In line with my previous opinion, I'm still sure that bullish still continue



TF 15 Mninutes


In line with TF 30, price still steady above EMA 66 ( red), but it's comfirm for retrace


from that I have opsions :
1. Sell with target area EMA 66 TF 30 if break 13516, or wait till retrace already done in TF 15 and enter buy

my decicion :

I've set
1)pending order to buy,( buy limit ) at 13551 with SL at 13525, first target at 13575, second target 13645
2) pending order to enter buy, ( buy stop ) at 13660 with SL at 13600 and TP at 13706

2 Comentários:

Anonymous said...

keep posting rain...banzai

Raksaka Nala said...

gimme a vote please, and tell what you want, help me to be a better man :D

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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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