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.
TF 30 on Euro/USD
EMA 5 and 20 steady above EMA 66 wich mean bullish steady, RSI also steady above 50, first nearest resistant in 1.3800 ( red line) if that break I think EU will test previous day hi. Nearest suport shown in green line and second will be another green line ( 1.3756, 13711 )
TF 15 :
Price action seem's like failed to break 66, and EMA 5 seems like steady and ready to crossing up EMA 20, but RSI shown a little bit overbought, I think TF 15 in line with TF 30 ( bullish ) but there is a chance down for a while, as long as not break it's suport I'd prefer buy on Euro/USD
My Decision :
Already buy EU on : 1.3788, my SL on : 13750 and my target : 13858
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.
Thanks for sharing your thoughts, and congratulation for your new blog!
Keep on posting. I find your posts remind me the importance of using moving average again, something that I've left behind.....
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