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 Mnt - EURO/USD ( 05:17 PM - GMT + 7 )
Even though EMA movement act like sideway ( 1.3871 - 1.3948 ) I've still believe bullish try to come back. Price action two times break EMA 350 ( purple)but still risk to act now before price action give a clear sign. Rsi steady in area 50, this indicate sideaway movement. I've already set pending order:
1. Buy Stop entry at 1.3968
2. Sell Stop entry at 1.3857
If one of my order execute I will cancel order that not execute. I will set my SL and target latter. May be I will not set my SL but try to play with averaging/ locking latter.
I will update it latter
update at 12:45 AM (GMT + 7 ) june 20, 2009
TF 30 mnt
From this progress I'm sure bullish geting confidence, EMA movement are nice with EMA 5 and EMA 20 already cross up to EMA 66, RSI steady above 50, SAR already break and make support to upper movement. My buy stop already executed and running so I've already canceled my other pending order. From this chart bullish indeed but there is posibility downward, shown from two bear candle ( three previous candle), posibility downward to 1.3932 -1.3927 area ( EMA 66 )so I've already set My SL at 1.3920
TF 1 hour
I'm try to expand my view to seek the best target, so I'm using TF 1 hour. Resistant 1.4001 already break so I have opinion EURO/USD will try to break next resistant wich is will be a comfirmation that bullish are realy come back wich is resistant at : 1.4049. I've already set my target at 1.4027, and wait till it break 1.4049 to make another long position, that's my plann
so, here is my latest position :
pending order executed at 1.3967 , SL at 1.3920 and TP at 1.4027
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.
From this progress I'm sure bullish geting confidence, EMA movement are nice with EMA 5 and EMA 20 already cross up to EMA 66, RSI steady above 50, SAR already break and make support to upper movement. My buy stop already executed and running so I've already canceled my other pending order. From this chart bullish indeed but there is posibility downward, shown from two bear candle ( three previous candle), posibility downward to 1.3932 -1.3927 area ( EMA 66 )so I've already set My SL at 1.3920
I'm try to expand my view to seek the best target, so I'm using TF 1 hour. Resistant 1.4001 already break so I have opinion EURO/USD will try to break next resistant wich is will be a comfirmation that bullish are realy come back wich is resistant at : 1.4049. I've already set my target at 1.4027, and wait till it break 1.4049 to make another long position, that's my plann
Post a Comment