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.
04:03 PM (GMT+7)
EUR/USD - Time Frame 30 minutes
Bullish indeed, but candle said it getting weak, EMA 5 ( blue) already curve down that also indicated bullish lost power to goes up. In my opinion it's need a drawdown and I figure 1.4017 it's ok.If it's goes for more, I will re consider my 'bullish main frame'. So I've already set limit order(pending order) buy at 1.4020 and my target at 1.4100. My expectation EUR/USD will test 1.4136 today. I will set my Stop Loss later, I must check the price action first once my order executed.Nearest resistant at 1.4082 and next would be 1.4136, while support seems like at 1.4000 and the strong one at 1.3965.I will set my limit order until US market close, if it is not executed today, I will cancel it.
UPDATE - 09:32 PM (GMT+7)
I decided keep my pending order and now I'm make one entry and I've already sell at market price at 1.4105, my stop los at 1.4140 and my target at 1.4060. Time to go sleep.
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 indeed, but candle said it getting weak, EMA 5 ( blue) already curve down that also indicated bullish lost power to goes up. In my opinion it's need a drawdown and I figure 1.4017 it's ok.If it's goes for more, I will re consider my 'bullish main frame'. So I've already set limit order(pending order) buy at 1.4020 and my target at 1.4100. My expectation EUR/USD will test 1.4136 today. I will set my Stop Loss later, I must check the price action first once my order executed.Nearest resistant at 1.4082 and next would be 1.4136, while support seems like at 1.4000 and the strong one at 1.3965.I will set my limit order until US market close, if it is not executed today, I will cancel it.
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