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.
7:21 AM (GMT+7)
EUR/USD - 4H chart
After strong rally against Poundsterling and Euro, looks like dollar want to take a breath for a while this morning in Asian market. In EUR/USD, price move at 1.4104 to 1.4114 level, which is my control point. Steady and break 1.4123 and momentum hold, I will take long as my main idea for today. I hope Eur/USD will move at least to 1.4167. Confidence break on it will triger EUR/USD to 1.4167 and if steady I hope it move further to 1.4206, and next strong resistant that hold upward movemen is 1.4236. bulish will be comfirm surely contrinue if EUR/USD could reach 1.4360.
Meanwhile, on downward movement, EUR/USD already make support at 1.4044( last night's low). Break it will triger to 1.3970. This is my frame work for EUR/USD
May be I will buy EUR/USD but I need a little more time to make sure. Now I will keep watching it
UPDTE- 08.57 AM (GMT+7)
Eur/USD : 1H chart
Already bu EUR/USD at 1.4110, SL 1.4060 TP at 1.4167
O.K, I already in. I will check it on london opening. There is several news from UK and also Euro this afternoon, it might change my view for today, but now I will let it flow as market movement
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.
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