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.
01:03 AM (GMT + 7 )
TF 30 mnt
From this chart, I saw bearish patern ( evening star ), tiny resistant formed on 1.4180 and strong one on 1.4202. Bullish power getting weak indicated by EMA 5 wich turn to curve to the bottom. RSI level : 63 , in my opinion will try to break RSI 50.And if it realy happen, I think price action will go down for more, to 1.4147 first ( try to break Parabolic SAR support)and if it could be break surely, will go more to 1.4114 this is my first support. And if it also break will go more to 1.4086 and 1.4045 will komfirm it change the trend to bearish
TF 15 mnt
It is match with TF 30 mt, I'd prefer go short for now. I've already take one short position, sell at : 1.4165, SL 1.4190 and TP at 1.4135. I also set pending order, Buy Limit at 14090 and SL 1.4040 with open target ( I will set it after it's executed)
UPDATE - 01:15 PM (GMT +7)
Now I am minimizing my expectation on EUR / USD because there are some heavy news, both from Euro and USA. I also decided that if on 04.30 PM (GMT +7) order I have not finished, I will canceling it, or if it's already execute I will find the best hard exit, whether if red or green
PS: I'm forgot to set my target, here is it my target : 1.4110. Forgive me for my broken english
UPDATE 2 - 04:48 PM (GMT +7)
My limit executed but seems like to risk let it flow with the market while market waiting for news. So I decided clear it, hard exit +6 green. I'll check latter in US market to make new entry if I could find nice signal.
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 chart, I saw bearish patern ( evening star ), tiny resistant formed on 1.4180 and strong one on 1.4202. Bullish power getting weak indicated by EMA 5 wich turn to curve to the bottom. RSI level : 63 , in my opinion will try to break RSI 50.And if it realy happen, I think price action will go down for more, to 1.4147 first ( try to break Parabolic SAR support)and if it could be break surely, will go more to 1.4114 this is my first support. And if it also break will go more to 1.4086 and 1.4045 will komfirm it change the trend to bearish
It is match with TF 30 mt, I'd prefer go short for now. I've already take one short position, sell at : 1.4165, SL 1.4190 and TP at 1.4135. I also set pending order, Buy Limit at 14090 and SL 1.4040 with open target ( I will set it after it's executed)
Kewl site, I love the way you made analysis :) we have some fav pair..success Rain I saw ur name on the chart room and I thought that's you keep it up bro...
Rain Could You Please to change The link with this one http://dailytradingjournalonforex.blogspot.com/ That one is for my fundamental analysis before it was more than a year ago but thabk's to remain me so i'll keep update that blog for my fundamental also sukses bro
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