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.
08:32 AM (GMT +7)
TF 4 Hour Chart
Three previous candle indicated bullish getting weak, I think it need drawdown first to collect more bullish momentum. My aim is 1.4720 but now it's too risk take long position for now and either short position. Nearest resistant was yesterday's high at 1.4600, next will be 1.4720 (high on 12/19/2008). On downward movement, I concern about 1.4537and then 1.4505. Control point where price possibility bounce up again might 1.4444 area but I'm not too sure for now. I decided just stay away from market and wait till next fiew hours.I will update this post soon as I make decicion
UPDATE 07:32 PM (GMT+7)
TF 1 Hour's chart
Bullish steady indicated by RSI and candlestic pattern, and also parabolic SAR on TF 1 H so I already buy EUR/USD fiew minuetes ago at 1.4572, SL at 1.4532 and target at 1.4672
UPDATE 09:20 PM (GMT+7)
I'm to rush entry before price reach bottom, I think it's still bullish but I will not adding new problem. Sometimes you win, other time you loss, this is real forex. I got red, and my stop loss hit. Time for doing somthing fun,
browsing and download movie
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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