"Take Risks: If you win, you will be happy; if you lose, you will be wise. Nothing ventured, nothing gained."

Tuesday, June 14, 2011

Aud/Usd & Eur/Usd - Bag Them Up!

Was watching the slow market on and off throughout the day. Started off with the price going down. Later in the day, it slowly moves up, but there seem to be some kind of resistance. I believe Fibonacci Retracement can see such various support and resistance more clearly along the way, than my simple moving average which only present historical and overall trend of the price. Yesterday's order was hit, I also entered another Long to Eur/usd this morning before going to work.

Long this morning at 1.4412, take-profit adjusted along the way, hit at 1.4460
Yesterday's order hit 1.4450, closed at 1.4485
+48 pips
+35 pips

Yesterday's entry at 1.0582, closed trade at. 1.0679
+97 pips

Aud/usd is still going up. Above at profit trades but the bad thing about it was notice my closed positions were all different from my take-profit set initially yesterday. I like to ka-jiao (disturb) my trades a lot. Not sure whether it is right or not, no one knows, but I often cut my profits and let my loss run. I told myself to swing trade yet I close them pre-maturely, my heart is very very itchy and I scare these profits run away. This is such a typical trader syndrome. Told myself that the trade closes I shall see no more. Going to sleep now and tomorrow if I do see the chart it shall be a brand new day.

This evening's pokerstars causeway freeroll I was out in 67th. I had 3 other friends playing together, was so fun. Anyway, for the third time, Malaysia won against us once again, despite Singaporeans having the majority seats. Well, try again Thursday!

Have a great week.


1 comment:

gr8trader007 said...

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