It was not the best of my performance but at least they are in the money for straight two days. Was not sure how market is moving and only took small profits for EUR/USD.
Today marks the third straight profit month for me. Well done!
Your trade results will show if you are doing what is correct or you are doing what you like
Tuesday, August 31, 2010
Monday, August 30, 2010
Quiet Friday with dramatic moves at night
Market last Friday was very quiet as investors are watchful over what Bernake has to say.
Interestingly, he did not say much and market just go haywire for a good 2 hours. Market dived and surged with no reason, simply chaotic.
As there is no clear sign of where the market is going, it is best to just take small profits and exit. There's always another day to take money off the table.
Your trade results will show if you are doing what is correct or you are doing what you like
Interestingly, he did not say much and market just go haywire for a good 2 hours. Market dived and surged with no reason, simply chaotic.
As there is no clear sign of where the market is going, it is best to just take small profits and exit. There's always another day to take money off the table.
Your trade results will show if you are doing what is correct or you are doing what you like
Friday, August 27, 2010
Recommended reading: The Quants
It is quite an interesting book to read. Especially for those who are into Technical analysis.
Your trade results will show if you are doing what is correct or you are doing what you like
3 months straight profits
System is getting stablised and for the past 3 months, the account has been staying positive. Profit has been ranging from 7pips to 15pips. Looking at possible increase of profit target.
Looking forward for another 3 months of straight profits to confirm that the system is sustainable.
Your trade results will show if you are doing what is correct or you are doing what you like
Looking forward for another 3 months of straight profits to confirm that the system is sustainable.
Your trade results will show if you are doing what is correct or you are doing what you like
Monday, May 24, 2010
6pips long EUR
Big plunge during Asia timing, 3pm and invalidated short term uptrend. Grabbed 6pips long EUR.
Your trade results will show if you are doing what is correct or you are doing what you like
Your trade results will show if you are doing what is correct or you are doing what you like
Friday, May 21, 2010
19 pips short EUR
Another day of drastic up and down for EUR during Asia Timing. Market moved up almost 200pips and plunge almost the same amount in the late afternoon.
Despite that, the one hour time frame showed signs of reversing i.e. market is moving up. Wonder if the news of unsustainable US economy outweighs the Europe economy that is breaking down.
Nonetheless, grabbed 12pips short EUR. Grabbed another 7pips short EUR as market retraces to Moving Average.
Your trade results will show if you are doing what is correct or you are doing what you like
Despite that, the one hour time frame showed signs of reversing i.e. market is moving up. Wonder if the news of unsustainable US economy outweighs the Europe economy that is breaking down.
Nonetheless, grabbed 12pips short EUR. Grabbed another 7pips short EUR as market retraces to Moving Average.
Your trade results will show if you are doing what is correct or you are doing what you like
Thursday, May 20, 2010
12pips short EUR
Market is ranging today. Moving average whipped up and down since Asia Timing. Short EUR and grabbed 12pips before news announcement at 10pm Asia Timing.
Your trade results will show if you are doing what is correct or you are doing what you like
Your trade results will show if you are doing what is correct or you are doing what you like
Wednesday, May 19, 2010
18pips short EUR
EUR hit all time low!
At Asia Time, 3pm odd, EUR suddenly shot down by 60pips within few seconds. Within short time, it went up again. Short EUR and grabbed 18 pips. Moving average at 5mins chart showed market is turning direction.
Your trade results will show if you are doing what is correct or you are doing what you like
At Asia Time, 3pm odd, EUR suddenly shot down by 60pips within few seconds. Within short time, it went up again. Short EUR and grabbed 18 pips. Moving average at 5mins chart showed market is turning direction.
Your trade results will show if you are doing what is correct or you are doing what you like
Thursday, March 18, 2010
Trade with caution on USD pairs today
Did a scan on the news calendar and there is a string of news announcement affecting USD pairs in the morning, asia timing.
Unless you have deep pockets, or you are trading on higher timeframe, it is better off to keep sideline in the morning. At smaller timeframe, price movement is hovering around the 34ema in the early hours during asia timing - hugging the ema is probably sounds more appropriate.
Notwithstanding this, the larger timeframe is showing a downward trend for CHF. Forex traders should find opportunity to take on a short position.
Your trade results will show if you are doing what is correct or you are doing what you like
Unless you have deep pockets, or you are trading on higher timeframe, it is better off to keep sideline in the morning. At smaller timeframe, price movement is hovering around the 34ema in the early hours during asia timing - hugging the ema is probably sounds more appropriate.
Notwithstanding this, the larger timeframe is showing a downward trend for CHF. Forex traders should find opportunity to take on a short position.
Your trade results will show if you are doing what is correct or you are doing what you like
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