12 May, Aud/Usd, Eur/Usd - My Best Trade So Far

Today is the day i stick to my system. Today is the day emotions did not meddle with trade. Most importantly, today is the day it hit my pre-set profit-target. The combination of these three in a single trade, gives me an incredible sense of satisfaction. Something i have longed for after all these times. Ok la come on man, seems like its just the words are magnifying the performance, lol.

AUD/USD

Browsing through my usual pairs (skipping the yen due to superstitions and phobia). Aud/Usd looks promising, with the downtrend (top red line) 1H chart. Hoping to hit a bounce i shorted 2x size, with a 30pips stop loss set, right above the trend line. take-profit at 35pips, which serves my risk:reward focus this month with a close to a 1:1. wanted to put further, but then it looks more like a support area at the 35 tp area (the zone where the line is).


EUR/USD

As for the Eur/Usd, i entered only after the bull candle (bull candle?) closes, i don't know how to tell you, but based on the momentum, that the bull just doesnt seem that promising. I short the euro with 20pips stop-loss, 40 pips take-profit, with a 1:2 risk. 1x size.

I was quite occupied thru the night, as part of my plan not to meddle with it, i only glance my positions once in a while. I only sneak peak of how the two trades goes:

first it went +8, +13

then 0, 0

then -23, -15 (here is usually the part i panic, either adding averaging losses or close, but i try to take it, because after all this setup is base on good risk-reward ratio, i take this smaller lose, but the nextime i win it will be good)

then it went 1, 4

then 15, 24 (this is another part, where similarly, emotions come into play. how how how? close and take the deal? or wait further? wait my unrealise profit gone how?? nevertheless, i left it alone.)

then it went back to -2, 0. OH GAWD! well, there's nothing i can do about it.

at this period of time u should be wondering if i was really only taking sneak peak once in a while, or more frequent than the 5M candlestick closes.

The next moment, after i finish watching a latest news here in Singapore, sadly to say, about a teenage youth hitting his own classmate in the lift, very violently. This is sad and crazy.

Before i re-collected my thoughts on teenage violence, my Euro trade has closed with t-p. Shortly, my Aussie trade joined in the happy ending. I wish every trade is like that. we cant control where the price go after we enter a position, but we have to control ourselves. I may have profited, but the greater satisfaction came from sticking to my plan. Even if i had lost, if i had stick to my plan, i guess i wouldnt feel that bad, afterall. That is if my revenge monster doesnt come into play.

+74 pips.

Black.

11 May, Eur/Usd - Open & Pending Orders

Short scalp off the trend for my first trade. I think it is an overall downtrend. Shorted @ 1.2730

Open position: 1.2730 (short)
Pending order: 1.2760 (buy stop)
Pending order: 1.2690 (sell stop)

All at minimal sizes with adequate risk:reward ratio.

+6 pips (at the moment)

Black.

10 May, Eur/Usd - Short Pullback

This trade lasted two minutes. Large movement prior and during hour stick closes. Longed at tip with stop/loss set. Mental take-profit at ten pips (x3 size). I closed the shot RIGHT AWAY when pips shows +10, because i have experiences of trading pullback, they dont give u the luxury of time to make you believe they will give further few pips to u. They show you their face for once and you never gt to see them anymore, so what you should do is to punch their face the moment it appears. Luckily greed didnt conquer mi for that one or two pips because price spike down right after i closed.


+10 pips.

Black.

Rainy May Friday. Mr Chart's Finger Itchy Day.

Yes, exactly now... its raining and the sky is dark. End of days is coming for me and knocking on my door. My equity is falling short. My account is going to get annihilated should i make a few more mistakes during trading. So the brave young and naive Me decided to muster all my courage and all the determination i have, to stop the devil of not following my own trading system to take control and to be discipline for this period of time.

Good news. Bad news.


Good news. I did it. I'm disciplined enough to follow through and wait for all the confirmation and signals before entering trade. Rejoice. But!!!! Check out the above chart.

Blue circle is my entry. That blue line down indicates the crossover of MACD at undersold level.(One of my signal) Second signal is Green 50SMA above Red 100SMA signalling a bullish trend. Both shows a Long opportunity. So there i go, the Red circle is my Stop/Loss and Green circle is my Take Profit.

Bad news is, once again the chart decided to show no mercy to a poor man. He decided to poke and have fun with me, he went on to touch my SL before going up to my desired position. SL was at a strategic position i thought? Below 100SMA with allowance of 10-20 pips.

Ah... im lost for words. The Reds in my account numbed me.

Bottle
Guess its part and parcel of life yea?

3 May, Eur/Usd, Usd/Jpy - Set Sail

Good day people. Taken the smallest size possible. 1H chart. Im taking a longer ride this time, and bearing in mind risk: reward. Just simple opinion for taking my position. For Eur/usd, resistance at 1.3230 level, risk:reward, 1:2. But then again, euro has taken a beating since the start of the market, is it going down further? Usd/jpy, Strong resistance off 94.55 area, double top? No? nevermind, both stop/losses level do not take up 1% of equity.

Eur/Usd

Usd/Jpy
Black

PS:

Short another two position in the cable and it came off very well. as usual, the volatile pound went about -15 before plunging deeply down. small position has the flexibility to withstand such more losing positions. it plunges really deep down.

Gbp/Usd

+58 pips in total. screw the yen for contributing the loss again.