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.
12:06 AM (GMT+7)
Dollar light agains Euro today, range move very tight. It can't break previous day low and now seems like it will move up, try to 1.4235 ( this is my opinion). EMA 20 already through EMA 66 but EMA 5 shows price too week to move down, and getting curved up, nearest support should yesterday low at 1.4104, break it would bring EUR/USD deeper to 1.3973. Meanwhile, upper movement will meet barrier at 1.4209 - 1.4235 and strong resistant should at 1.4273 and resistant that hold bullih trend on TF 4 Hour should be 1.4448.
On Time Frame 1 H, RSI already moved above 50, Parabolic SAR already make a sign for begining bullish trend, EMA 5(blue)almost cross up EMA 20 (green) and I don't want to wait because smaller TF already comfirm.
I take one BUY at 1.4166, I put SL at 1.4102 and I let it with open target, if next movement give me more signal to hold and comfirm EUR/USD already bottomed this week I might aim at 1.4326 as my first target.
But this just my plan, market is dynamic and it might change my mind latter
UPDATE:
07:22 PM (GMT+7) - august 12, 2009
Well... Stop loss hit when I'm check it. I will not make new entry today, I think market direction will more clear after FOMC Statement and Federal Funds Rate from US which will relese on next couple hours. Better for me to cooling down and take a rest
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.
Dollar light agains Euro today, range move very tight. It can't break previous day low and now seems like it will move up, try to 1.4235 ( this is my opinion). EMA 20 already through EMA 66 but EMA 5 shows price too week to move down, and getting curved up, nearest support should yesterday low at 1.4104, break it would bring EUR/USD deeper to 1.3973. Meanwhile, upper movement will meet barrier at 1.4209 - 1.4235 and strong resistant should at 1.4273 and resistant that hold bullih trend on TF 4 Hour should be 1.4448.
On Time Frame 1 H, RSI already moved above 50, Parabolic SAR already make a sign for begining bullish trend, EMA 5(blue)almost cross up EMA 20 (green) and I don't want to wait because smaller TF already comfirm.
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