ZOMG! Day

Had calculated stop-loss in my first trade, which was 70 pips away, 2% of my account.

Struggling its way up to my take-profit, a brutal London session sent Gbp/Usd about 150 pips down.

-70 pips, and then average down -70 pips, and another average down -70 pips.

*deep breath*

Having no edge against the market is not as deadly as an uncontrolled tilt.

I am going to watch the TV and have some cookies n' cream ice cream for the night.

Like in a snake and ladder game - "Go Back to Start".

Black.

For Once....

...entry and take profit were smooth. Was on 1H chart.

Current long orders hit Gbp/Usd @ 1.6070

Target: 1.6150

Stop/loss: 1.6

Looks dangerous.

Black.

Just Why Aren't Take-Profit As Accurate As Stop-Loss!?

I got stopped out with remarkable accuracy. (blue up arrow entry, red dot on right bottom stop-loss)

*tilt*

Break-even Week for Trading

Got to blog at this hour because today is a public holiday in Singapore. Selamat Hari Raya Haji to our Muslim brothers! Its pretty sunny day and great that it is not rainy.

After all the battles with the market last week, I ended it break-even. Summary:

Usd/Jpy
Got a great trade during Japan BOJ intervention, rode along upside and exited swiftly. Besides the intervention, it became one of the most boring pair to trade the rest of the week.

Eur/Usd
Had a bad trade in Eur/Usd. Followed by an order off resistance, which bounces off nicely and caught a 56 pips.

Aud/Usd
Besides the RBA rate announcement last week, which they -0.25% of the aussie and I caught the downside, I had bad trading with the pair during Non-farm payroll. I only traded the aussie during NFP. Bad trading once again. Another good reason why I should walked away after placing my positions to enter. I sat down beforehand telling myself just to watch the order get hit else don't touch. Despite a very shallow movement after the announcement, I still entered. This discipline thingy seems like always a hundred miles away.

Poker

Been bad week. Need some serious thought and re-alignment. If it is time to walk away, walk away. 

Good luck people for the brand new week!

Black.

The Great Jap Intervention !

The Great Jap Intervention, yes and some not so great trade from myself. =~(

Anyway, first of all i would like to thank Black for his reminder on the above mentioned... all because of him.. i made a whooping 60pips. In the time period of walking from a bus stop to the nearest train station... Thats like 100++ metres... So ya thank you~~~~~

Ironically, this intervention thing also made me lose more than double of what i profitted... Blame it on my virginity of trading such event perhaps? Or more like because im greedy??

Well due to the fact that because im using mobile trading, i kept my size half of my usual. 60pips profit in matters of minutes... YAYyYYYyyYY POP CHAMPAGNE!!!

Then when im home... not sure why, i keep having the thought that the Jap Intervention will continue, so i went in again using my usual lot size (which is double of my initial profit). It straightaway plummet down right in my face!

Thats not the end.. i went in again at some FIBO level for EUR/JPY pair.. i have no idea why i did that.. its crazy i know.. the results? CRAZIER... i shall not go into detail for this trade. its humiliating~~~~~~ Im shy~~~~~~ Ashamed~~~~~~~

Yes i shouldnt be commiting this kinda mistakes... Imma write it down in small pieces of papers and stick it everywher to remind myself of this fateful day..


Stay Silly, Stay Thirsty
Bottle