Did something pretty stupid earlier.. I set an order to BUY EURUSD pair, but instead... It became a SELL due to my carelessness.. Clicked wrongly i guessed, and without double checking... of course.
Order filled, price plummet about 50pips down... i thought to myself OMG.. what a bad entry... Couple of hours later the price went back up to my entry level. I check my trade again.. DAMMIT WHY IS IT A SELL??? Which means.. i was in +50pips earlier... Mother of goddddd.... If i had checked earlier, i would have close it and earn those accidental profits. MUhahAHAHAHhaha
Close my SELL trade and lose several pips. Did a BUY trade at a lousier price. Keep cursing at my carelessness while executing all these.
Went to sleep. And i dreamt that my BUY trade is still ongoing with +85 pips.. Exactly near where my TP is.
I entered 1.3050. TP at about 80 - 90 pips up. Will my dream come true??? Current price at 1.3070.
Tuesday, July 16, 2013
Wednesday, July 10, 2013
Did a guerilla counter-trending as you can see on the above image. My step by step thoughts on how i did the trade.
1. Identified the trend to be a down one.
2. Notice a shift in momemtum, a retracement is coming.
3. Get in trade and TP level at purple circle with stop loss 40pips away.
As time passes by, my desired result is not achieved yet.. Major market is opening and realize the ball isnt in my court anymore. It is taking too long. Felt uneasy as im going against my friend the trend. I entered the trade while major markets are closed. Market was quiet. But now the market has awaken and so is my friend... I backstabbed my friend the trend while he is asleep!
I felt guilty and exit my position with a +5pips.
After which, i went on to sell the pair right after my signal appears. Retracement over, time to go back into the supposingly downtrend that i think it is.
Entry on that red arrow... exit circled in green. Around that area which i cant rmb exactly where. Just rmb i got a tidy +60pips.
I hug my friend again~~~~
All my plannings and thinkings and assumptions of the market may not be right. It maybe laughed upon by the experts. But at least i do what i know and plan what i know. Im trading with a plan.
It rrrrreaaaaaalllyyy feels good to plan a trade, carry it out... best of all, end up with a profit.
Trade to trade well.