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.
08:23 PM (GMT+7)
EUR/USD - TF 30 mnt
From this chart I saw bullish very strong, indicated by price action that moving above EMA 66 and so EMA 5 and 20. But RSI ( 75) indicated overbought area. I believe bullish still in progress but it need drawdawn first, before continue uptren. First resistant would be 1.4013 and if break it will try to break 1.4050, meanwhile, downward seems like try to push EMA 20 ( 1.3950/70 ) and if break and momentum hold, it will push lower to EMA 66 (1.3938 -1.3926 ).
EUR/USD - TF 15 mnt
Same things with TF 30, and candle already give me sign to sell, so I've already sell Eur/USD at 1.3985 SL at 1.4015 and target at 1.3955
Update : 09 :10 PM (GMT + 7 )
EUR/USD - TF 30 mnt
My position already clear, target hit. As I said before, I recognize bullish very strong, but I don't want to rush, becouse from this chart there is possibility evening star patern candle, if EUR/USD could not break it Hi tonight, I believe then it will change to bearish. It's too risk to take any position now,So I decide set pending order:
*Buy Stop at 1.4015, Target at 1.4045
I don't put SL for now, I will set it soon after my order executed
UPDATE : 10:55 PM (GMT+7)
Pending order executed, and target hit, all clear. I think enough for today, see you on monday
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 bullish very strong, indicated by price action that moving above EMA 66 and so EMA 5 and 20. But RSI ( 75) indicated overbought area. I believe bullish still in progress but it need drawdawn first, before continue uptren. First resistant would be 1.4013 and if break it will try to break 1.4050, meanwhile, downward seems like try to push EMA 20 ( 1.3950/70 ) and if break and momentum hold, it will push lower to EMA 66 (1.3938 -1.3926 ).
Same things with TF 30, and candle already give me sign to sell, so I've already sell Eur/USD at 1.3985 SL at 1.4015 and target at 1.3955
My position already clear, target hit. As I said before, I recognize bullish very strong, but I don't want to rush, becouse from this chart there is possibility evening star patern candle, if EUR/USD could not break it Hi tonight, I believe then it will change to bearish. It's too risk to take any position now,So I decide set pending order:
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