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.
12:24 PM (GMT+7)
Enough for the rest. Time for fight again. Forex often make me feel tired and depressed and that was the time I have to stop for a while, but it is the way I have choosed andI will stay here because I love it. And here we go, I turn my computer and ready to make entry ( and i already did it).
EUR/USD - Time Frame 30 minutes
As you see EMA 5(blue), 20 (green) and 66 (red) already steady make bullish pattern, small barrier already formed by Parabolic SAR in 1.4224 -14218, and RSI steady above 50. Support already seen at 1.4194, next would be 1.4155 (previous day's low) Meanwhile upper side, I concern about 1.4258 ( previous day's hi) where at that point possibility price will more volatile. Nearest strong resistant seen at 1.4280 and if break I believe will trigger price move to 1.4310 and strong resistant that might hold bullish movement see at 1.4338. I already have one short ( sell) on EUR/USD and I've got at 1.4244, I set my Stop Lost at 1.4194 and my target at 1.4304. There is a fiew fundamental news on London session, I will ceck it and may be I will a change. Now I have to go, there is something I have do on the ground, I mean, outside world :lol:
I hope I could get back at london session, but now I trust my open to my Stop Lost and my Target Profit. Time's up... out of here
Update 21:34 PM (GMT +7)
It's so hard to follow EUR/USD movement recent days. I got my SL hit again, loss 50 pips. Ok, I have to start counting and getting start to trade with tight margin next days.I'm done, time to sleep. This is bad week. I need to rest for fiew days. I'll come back 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.
As you see EMA 5(blue), 20 (green) and 66 (red) already steady make bullish pattern, small barrier already formed by Parabolic SAR in 1.4224 -14218, and RSI steady above 50. Support already seen at 1.4194, next would be 1.4155 (previous day's low) Meanwhile upper side, I concern about 1.4258 ( previous day's hi) where at that point possibility price will more volatile. Nearest strong resistant seen at 1.4280 and if break I believe will trigger price move to 1.4310 and strong resistant that might hold bullish movement see at 1.4338. I already have one short ( sell) on EUR/USD and I've got at 1.4244, I set my Stop Lost at 1.4194 and my target at 1.4304. There is a fiew fundamental news on London session, I will ceck it and may be I will a change. Now I have to go, there is something I have do on the ground, I mean, outside world :lol:
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