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.
02:03 PM (GMT +7)
I've already buy EUR/USD at 1.3978. My decision based on this things: ( I will update it after I set my SL and target, need a fiew miunuetes)
Update :
EUR/USD - Time Frame 3o minutes
From this I see bullish still strong, even it's not break resistant at 1.4017 yet but from TF 15 minutes chart there is indication it will soon, I hope I'm right. EMA movement based on 'alligator's principle' shows it is bullish,RSI stay hold around 50, nearest resistant has been formed by Parabolic SAR on 1.4015/17 once it break I believe price will try to push 1.4050 and there is possibility a little retrace down on that level, so 1.4050 was my control point if EUR/USD break it resistant.
EUR/USD - Time Frame 5 minutes
From this time frame, I can see retrace already complete once price touch EMA 365, but lower EMA could not break it, these, based on 'cornflower' patern was the best moment to make re position. Candle make it clearly when previous candle formed hammer. So as I mention above, I've already make entry, Buy at 1.3978, SL at 1.3948 and target 1.4038. I will keep on eye especialy there were some news from UK and Euro latter,I hate fundamentals but I need to know it ...may be I'll change my mind latter but now, technical is my option.
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 I see bullish still strong, even it's not break resistant at 1.4017 yet but from TF 15 minutes chart there is indication it will soon, I hope I'm right. EMA movement based on 'alligator's principle' shows it is bullish,RSI stay hold around 50, nearest resistant has been formed by Parabolic SAR on 1.4015/17 once it break I believe price will try to push 1.4050 and there is possibility a little retrace down on that level, so 1.4050 was my control point if EUR/USD break it resistant.
From this time frame, I can see retrace already complete once price touch EMA 365, but lower EMA could not break it, these, based on 'cornflower' patern was the best moment to make re position. Candle make it clearly when previous candle formed hammer. So as I mention above, I've already make entry, Buy at 1.3978, SL at 1.3948 and target 1.4038. I will keep on eye especialy there were some news from UK and Euro latter,I hate fundamentals but I need to know it ...may be I'll change my mind latter but now, technical is my option.
salam bro, qqq i don't wait for MA crossing I just find out the highest or the lowest price range on 1H and 4H, if Both match I Open My Position, perhaps for today 1.4071 is the highest for EU and 1.6407 is the highest for GU after I find out the highest range I wait the for the breakout candle :) if u take a look the MACD setting that I gave to U more carefully, and put on 15M (the best I guest)or 30M then you'll have a decision, you'll find out the line crossing is profitable also :) i set my parsar on MV acc:0.009, max: 0.09 qqq, but of course I have another tool on My MT4 :, because MV is very limited, I trade on FXDD also bro :) sukses selalu ya Rain...
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