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.
09:49 GMT+7
I'm not sure but EUR/USD not break medium resistant at 1.4328 (see previous day TF 4's screen shoot) so I sell it just minutes ago at 1.4306, I play with tight Stop Loss, my stop loss is 1.4336 and now I will keep on eye on it, I let it runing with open target, I hope EUR/USD first will down to 1.4235, level to watch for downward : 1.4273, 1.4235, 1.4180 for now
In upper side, I concern on recent high at 1.4328, break it will bring trigger upward movement to 1.4381
UPDATE August 14,2009 - 05:44 PM (GMT+7)
I don't like EUR/USD movement, till this moment both TF 1 H and 4 H did not give clear cross on EMA 5 to EMA 20, and there is several news form US latter. I think this a reason EUR/USD moved slowly.
I decided to minimized risk by adjusting my Stop Loss to 1.4298
I keep with open target.
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.
can i get your email ? tell me more about forex please.. i had join marketiva.
Post a Comment