Devastation

Aud/usd

 Eur/usd.

Gbp/usd

Black.

Trade No.2

A little recoup from last night trade when price break cloud, cloud support held and strong buying momentum in Eur/usd and I went long. Only made-up yesterday's loss.

Looking to put buy-stops for Aud/Usd once resistance is broken.  

Black.

Ill-Disciplined

Thoughts to myself in italics, logic in bold..

hmm.. momentum is good.. going down. should go back to support at cloud 1.5490 area...

what about your indicators?

what about the indicator?

dafuq I just read? price is still above blue (kijun-sen) line!

ooo.. i think it will move back towards the cloud..

*SOLD*

...ugh!

doing good.... you see-

-we'll see.

hmm.. should I protect my wins? set trailing stop?

*CALL BOTTLE* 

Black: Do u set trailing stops to protect ur position?

Bottle: Yep, my usual practice.

Black: How much usually?

Bottle: From my typical trade and take profit, 30 pips usually.

Black: Ok. sounds great.

+28 pips now.. should I set it now? probably a little more...

price has approached kijun-sen zone and beginning to bounce back up!

*CALL BOTTLE*

Black: (rant) see it always happen to me.

Bottle: I feel for u, that SUX!

holy fuck.. closing up to break-even maybe I should manually close it..

..

..

..maybe not.

price hovering, bounce from kijun-sen line second time and spike up towards...

*STOP-LOSS*

..countless rookie flaws for someone who traded close to 3 years. Let's keep focus on the process and system in the next trade. I'm still too determined to give up, although my account hasn't shown much improvement. 

Discipline Discipline Discipline.

Black.

Eur/Usd Downtrend & Trade Interceptor

Following my last trade there were indeed some decent downward movement to the Eur/Usd. IF ONLY!!! Very smooth downtrend along with the Ichimoku indicators. Now we'll see if there are any reversal to the trend, whether the price will pierce the cloud? I'm placing my order above the lines, if it doesn't break, so be it.

Been trying out a charting software called the Trade Interceptor. Quite a decent software so far, it does provide live trading for a couple of brokers like FXCM, but not for Oanda, which is the one I'm using. The indicators are clear and accurate. I started using it on the iPad, and now my Android phone, primarily because of the Alarm system that is built in. So that I could set price alarm, and if it sound off, I can still decide whether to enter the price or not base on the context and momentum of price when it triggered.

I wouldn't say the software works that great for me as much on the iMac though. The alarms aren't sync (or I don't know how?), and it could be confusing. One thing about the trade interceptor is the feature-packed trading system and it could be intimidating for a start. Mobile & iPad version is great. I still stick to Oanda web for my desktop for now.

Black.

BACK! Diablo & a Trade

Been such a long.. long....... time since we last blogged, in fact for me, even traded. Ever since 15th May Diablo took our soulstones, my iMac has been serving to save the sanctuary from evil. Bottle and I both went for the collection that day in Funan IT Mall. The crowd was crazy, I wondered for other countries if it was the same. If not for the physical box or possible posters to come with it, I would have bought it online instead. In the end we only got the mouse pad as an addition as the posters ran out of stock.

 This is the event stage, where there were lots of selling of Diablo products, like their official Mouse, Earphone etc. which was damn costly.

 

 

Queue a few loops throughout the whole width of the shopping mall entrance.. for hours. In some ways me and bottle got past that lot and went in to get our verification ticket quickly LOL. 

The Koreans killed Diablo (normal level) in just 6 hours, when I was barely home and halfway installing the game. A time-consuming good though, primary objective is to find as much and as good item as possible, to clear level or sell them in what they call the Auction House with in-game gold or REAL MONEY. Not much luck so far for me, only earned a $2usd.

Besides trading, my poker volume have also dropped drastically, rendering a downgrade of vip level back to bronze star. I been taking the day to search for job, been out for half a year now and I'm think its too long. I either need to quickly find one as soon as possible or I have to make full use of my time learning more trading and poker.

Bottle reminded me not to steer away from our trading goal. We always remind each other and keep each other on track, though I supposed he's the one who remind me more often. I must stop wasting my time surfing social networks and reading about other people's life.

Back on a trade today. A very simple set up, crossing down and breaking below cloud. Target right above previous cloud. (if only it works all the time....)

Happy Independence Day to US friends!

Black.

“A goal without a plan is just a wish.” Antonie de Saint-Exupery

Many Many Pairs

 Aud/Jpy - Stopped out real quickly after entry.

-31 pips

Aud/Usd - No trade. But I notice the support level that the Chikou Span of Ichimoku indicator is quite accurate in this pair.

Eur/Aud - 3 signals were hit, therefore a strong sell signal. Cross-over of Tenkan-sen (red) below Kijun-sen (blue), below the Kumo (cloud). Price breaks below Chikou Span support.

+52 pips

Eur/Chf - This trade I held since last week. Thinking price wouldn't break below as maybe SNB were "on it". First position was stopped out last week. Today when I saw CHF CPI m/m bullish, I closed my last position after a pull back, which was a good choice seeing that long candle after that. Tired of holding this position as it used up my margin to trade other pairs.
-28 pips

Gbp/Jpy - Another strong sell signal I noticed from this pair. This one did not hit target (missed by 2 pips), after seeing a weak yen going into New York session I decide to bag it, before it really retrace so much.. another lucky escape.

+71 pips

Usd/Jpy - Sell-limit for this pair. But it was not a very good entry though, still within Chikou span support. Seeing the weakened Yen like the Gbp/Jpy, I decided not to gamble and closed it out 20 minutes before USD unemployment claims which forecast a bullish USD data.

+1 pips



Black.
can't think of any decent title for the post.

Ichimoku Kinko Hyo

Decide to try out a new indicator this time round, called the 'Ichimoku Kinko Hyo'. Before I went to study a little of this indicator, a glance of it is like so complicated. It is still complicated to me, trying to memorize all the Japanese name for the individual lines. I will write more details and the uses of it when I am more familiar with it. There are quite a number of blogs and sites that explain the use of Ichimoku though only a handful of books that specialize on it. Right now I am still trial running this indicator for my trading, pip size are almost halved in the following trades I under-taken.

..way of the samurai.

Besides having a change of "clothes" to my trading chart, I have also created [yet another] Trading Journal excel. I used to think, hey all these transactions are indicated in my broker's site, and hell, now that myfxbook.com gives a free and even more detailed transaction history of your trading, why need a journal? Looking back at those transactions doesn't explain why I enter/exit a trade, what happened and how I traded, I need to account for my every trades and take it like a business from now. I may even hire an auditor to check there are no fraud trading. Just hope I don't caught another losing streak and then abandon everything!

An embattled March result is not fun. I need some serious re-work, while juggling poker at the same time. I have decided some change in my approach in both areas, will update in my poker site blackdeckpoker.blogspot.com soon.

Aud/Jpy - I think my exit makes more sense than my entry. Entry was just a moderate bearish signal and was almost ranging after I entered.

+34 pips

Aud/Usd - Hit my target upon FOMC minutes. Target hit because of the help of fundamentals, a double-edged sword in trading. Missed another short-entry when aussie report trade deficit. I wanted to enter but was there ehmm.. err.. and then it spiked down.

+45 pips

Eur/Usd - Entry is kinda late though, took the whole day for the price to break go down to support when I exited. Still traces of bad habits when I move take profit closer by 5 pips.

+44 pips

Fine start, let's see how it goes Black.