*updated*
EMO! EURUSD jumps to session highs following positive data in the EMU.....
loss: -30pips
lesson learnt: stick to 1hr time frame and be patient!!!


trade idea: sold EURUSD

since yesterday i was planning to sell EURUSD but i was kinda worried about the news. i wasnt sure whether the news will be bad or good, so i hold on until today. i read fundamentals news from Pip Diddy and tonight USA consumer confidence may be good news. i decided to sold it since there isnt much good news for Euro and it's been downtrend for almost 2days.

at 1 hr timeframe, it's look like EMA 5 is crossing upwards over EMA 10. however RSI is moving downwards, away from 50. slow stochastic seems to be having a crossover soon *cross finger*. so i switch to 15min time frame, and try to see whether is it the time to sell or should i continue to wait. 15min timeframe seems to be perfect. EMA 5 crossed downwards over EMA 10. RSI below 50 and moving down. slow stochastic is also downtrend.

sold @ 1.2480 / SL @ 1.2530 / PT @ 1.2420

my biggest win so far!

after making HUGE loss in EUR/USD at the same time (month end) for 2 months, i finally saw the "trend" or rather "tactics" of Euro. Fact is Euro is going down and down, but somehow some "good news" will pop out at month end. Then EUR/USD will go up for a little while before dropping down again.

so month end (check!) trend going down and is going up (check!) EMA 5 cross over EMA 10 (check!). Bought @1.2140, S/L @ 1.2110, T/P @ 1.2220

at first it kinda range abit and get me worried. but i believe Euro will come out same stunt again. And to what I have anticipated, it rose! Again, I have cut my winning trade as it rose to 1.2313! i took +80pips but if i shift my T/P higher when it reach +50pips, i can earn up to +173pips! Anyway +80pips is already my highest earn! I should give myself a pat on the back.

i was updating my win and saw i miss another opportunity in buying EUR/USD! if not, i will make another pile! Drats.... then again, i plan to enjoy my small win over the weekend instead of studying forex. afterall, this is my first win for this week! Confident is back, stick to my strategy, dont ever waver again!

AUD/CAD is a flop! I should have sold it before I went to sleep..at least I take profit at 10pips instead of loss *emo* 

 

EUR/USD is one of my favourite aim because there is always ups and downs. EMA 5 cross over EMA 10. CHECK! Trending down. CHECK! RSI below 50! CHECK! (and when i sell it, it is quite below 50 instead of ranging) Sell @ 1.24855 After waiting for 3 hours, dropped till 20pips (my target), I closed my winning trade again.. 

Next morning I found that it actually dropped until 1.2455 (BANG WALL!) But I scare history will repeat itself *point to AUD/CAD* But the most heart wrenching is I miss out the big fall of EUR/USD!!!!! EMO!!!! BANG WALL!!! VOMIT BLOOD!!! SPIT OUT MY INTESTINES!!!