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.
My worst performance recently. Not too good, messed up with EURO/USD, but, what can I say? forex just like a jungle, and it has no mercy. So here I'm try to figure out another direction. I've been take a rest for a few days, and now ready to rock again.
So here we go, still about EURO/USD
05:50 PM (GMT+7) TF 30 mnt
Bullish on EURO/USD already come back, it shown on EMA 5 and 20 movement already moved above EMA 66, but RSI failed to hold it's momentum and moved below 50, wich mean downward now have a chance. Parabolic SAR also already formed resistant in 1.4124 - 1.4138 area. EMA 5 and 20 now already cross down, indicate downward more strong, my opinion price will try to push 1.4032 -1.4013, first support would be EURO/USD low for recent low (1.4055).
TF 15 mnt
In line with 30 mnt chart, TF 15 mnt also shown downward for a while. I've alaready sell at market price at : 1.4081, my target 1.4041 and my SL 1.4116.
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.
Bullish on EURO/USD already come back, it shown on EMA 5 and 20 movement already moved above EMA 66, but RSI failed to hold it's momentum and moved below 50, wich mean downward now have a chance. Parabolic SAR also already formed resistant in 1.4124 - 1.4138 area. EMA 5 and 20 now already cross down, indicate downward more strong, my opinion price will try to push 1.4032 -1.4013, first support would be EURO/USD low for recent low (1.4055).
In line with 30 mnt chart, TF 15 mnt also shown downward for a while. I've alaready sell at market price at : 1.4081, my target 1.4041 and my SL 1.4116.
nice blog :) smile up for you
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