on tuesday i sold AUDUSD @ 1.0246 (using my usual strategy). i should have take profit @ 1.0617 but i believe the downtrend is still not over yet. so i shift my SL to 1.02 and also enter 2nd position at 1.087 with 30pips SL. sadly, last night SL for my 1st position is triggered, and more sadly, the unemployment rate cause AUDUSD to rise and SL for my 2nd position is trigger. now i'm at breakeven =(

now i looking for another opportunity to short AUDUSD as i strongly feel that AUDUSD is still heading south. using fibonacci retracement, it seems that it has reached 38.2% level. however there is no crossover in my stochastic chart and is still heading up. RSI still havent reach overbought yet. i guess i will continue camping until there is crossover. Or perhaps i should head over to 15min time frame and wait for EMA 5 to cross over EMA10 instead?

*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

Was chatting with my colleagues over lunch and we were talking about what we did over the weekend. The weather is getting scorching hot, and I seldom switch on my living room air con, so I have dizzy spells even though I switch on the fan. Since I have dizzy spells, I don’t have mood to do anything. Everything seems to be either spinning or floating, and I was nausea whenever I tried to do something. So I slept the whole day. My colleagues broke into laughter. “the last thing you should do when you are dizzy is sleep!” that was they said. But seriously I cannot do anything!!! One of my colleague tried to be funny, and asked me whether my dogs disrupt my sleep since they will be bored. I answered her truthfully that my dogs also slept thru the day because is too fucking hot to even move a tiny weeny bit! She almost fainted…haha…

But I did achieve something over the week. I have 2 wins over my trades. GBP/USD +2pips (Should be +30pips, but I didn’t close the trade before some big news) and EUR/USD +60pips (YEAH! CLAPS!!) I still recovering from my previous loss and doesn’t have the guts to up the number of lots. So I guess I set myself a leveling up system like all the games I have playing.

Currently, I’m still trading mini lots – 0.2

5 straight wins, I will up to 0.5

10 straight wins, I will up to 0.75

Another 10 straight wins, I will up to 1

My friend told me is mission impossible, and I always be trading mini lots. But as long as is not a lose trade, even it is just +1pip, it is consider a winning trade. My friend remarked “+1pip! You can’t even buy anything with that.” True, but at least I know how to move my stop loss gradually and protect my principle. To me, I don’t expect to earn big buck from forex. As long as my account increase gradually, I would be very very happy girl =) I believe as long as I don’t make losses, protect my principle, set logical risk/profit ratio, my goal would be achievable!

And what else I done over the week? Oh ya, I completed Max Payne 3! Is pretty lame I find. Most of the people died (and he suppose to protect them!) But at least the villain died in the end! And plus point for that! I absolutely love happy ending. I do find the lock aim CMI. Sometimes it works, sometimes it doesn’t. And I will have a hard time aiming at the target. Love the ending theme song – Tears by Health. Perfect fit for Max Payne!

Let’s see about my plans this week… Hopefully I can get at least 1 win (without any loss) this week.. Need to work on my fundamental analysis because I still sux at it! Weekend will continue gaming – Kingdom of Amalur. Just when I completed Skyrim last month, now is another long RPG game!!! AARRRRGGHHHHH

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!

Reading thru babypips, and saw one of the chart is AUD/USD. Resistance is around 1.25 and have been ranging for few hours. I decide to take a risk since it is already overbought and there is a cross over in slow stochastic.

Sell @ 1.025, S/L @ 1.028, T/P @1.016 (yesterday low)

Unfortunately the price hit my S/L then go down trend again! *EMO* When I get home, my trade is already closed. I should have set my S/L at higher position! To make things worse, next day AUD/USD drop all the way down *CRYZ*

Loss: - 30pips

If I have set a higher S/L position, I would T/P +80 pips by now!

i took a small risk for this one... EMA 5 going to cross over EMA 10.. down trend, CHECK! RSI going now and touching 50.. MACD previous bar is positive, CHECK!

sell @ 0.9798, S/L @ 0.9814 and T/P @ 0.9737

however it didn't drop as much as i hope and have been ranging after awhile, so i decide to close @ 0.9773. profit +25pips

i need to change my bad habit of not putting stop loss even im station in front of my pc!!!

-130pips last week! *MAJOR CRY!!!*

decide to take a short break after i suffered a major loss *SIGHZ* end up I have completed skyrim (been playing for few weekends already) and prince of persia: forgotten sand (within 2 days)..will start on yakuza dead souls or prototype 2 this weekend... cant decide which to play first, or should i still on my long pending - killzone 3? my friends gave me the gun and navigator as birthday present last year, but i still have not used it yet..LOL!



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!!!

USD/JPY

EMA 5 cross over EMA 10. CHECK! Down trend. CHECK! RSI below 50 and heading down. CHECK! MACD positive to negative. CHECK! 

Entry point sell @ 80.402

I should have take profit at 79.70, but I always set my TP at 20 pips! This is the third time i cut my winning trade continuously since past week! HAIZ!!! Then again, I'm a newbie trader so don't dare to aim too much pips.... Hopefully today would be better, but looking at AUD/CAD... is moving very slow, but I do hope is slow and steadily UPZ!