EMO! EURUSD jumps to session highs following positive data in the EMU.....
lesson learnt: stick to 1hr time frame and be patient!!!
trade idea: sold EURUSD
since yesterday i was planning to sell EURUSD but i was kinda worried about the news. i wasnt sure whether the news will be bad or good, so i hold on until today. i read fundamentals news from Pip Diddy and tonight USA consumer confidence may be good news. i decided to sold it since there isnt much good news for Euro and it's been downtrend for almost 2days.
at 1 hr timeframe, it's look like EMA 5 is crossing upwards over EMA 10. however RSI is moving downwards, away from 50. slow stochastic seems to be having a crossover soon *cross finger*. so i switch to 15min time frame, and try to see whether is it the time to sell or should i continue to wait. 15min timeframe seems to be perfect. EMA 5 crossed downwards over EMA 10. RSI below 50 and moving down. slow stochastic is also downtrend.
sold @ 1.2480 / SL @ 1.2530 / PT @ 1.2420
Monday, 13 August 2012
Was chatting with my colleagues over lunch and we were talking about what we did over the weekend. The weather is getting scorching hot, and I seldom switch on my living room air con, so I have dizzy spells even though I switch on the fan. Since I have dizzy spells, I don’t have mood to do anything. Everything seems to be either spinning or floating, and I was nausea whenever I tried to do something. So I slept the whole day. My colleagues broke into laughter. “the last thing you should do when you are dizzy is sleep!” that was they said. But seriously I cannot do anything!!! One of my colleague tried to be funny, and asked me whether my dogs disrupt my sleep since they will be bored. I answered her truthfully that my dogs also slept thru the day because is too fucking hot to even move a tiny weeny bit! She almost fainted…haha…
But I did achieve something over the week. I have 2 wins over my trades. GBP/USD +2pips (Should be +30pips, but I didn’t close the trade before some big news) and EUR/USD +60pips (YEAH! CLAPS!!) I still recovering from my previous loss and doesn’t have the guts to up the number of lots. So I guess I set myself a leveling up system like all the games I have playing.
Currently, I’m still trading mini lots – 0.2
5 straight wins, I will up to 0.5
10 straight wins, I will up to 0.75
Another 10 straight wins, I will up to 1
My friend told me is mission impossible, and I always be trading mini lots. But as long as is not a lose trade, even it is just +1pip, it is consider a winning trade. My friend remarked “+1pip! You can’t even buy anything with that.” True, but at least I know how to move my stop loss gradually and protect my principle. To me, I don’t expect to earn big buck from forex. As long as my account increase gradually, I would be very very happy girl =) I believe as long as I don’t make losses, protect my principle, set logical risk/profit ratio, my goal would be achievable!
And what else I done over the week? Oh ya, I completed Max Payne 3! Is pretty lame I find. Most of the people died (and he suppose to protect them!) But at least the villain died in the end! And plus point for that! I absolutely love happy ending. I do find the lock aim CMI. Sometimes it works, sometimes it doesn’t. And I will have a hard time aiming at the target. Love the ending theme song – Tears by Health. Perfect fit for Max Payne!
Let’s see about my plans this week… Hopefully I can get at least 1 win (without any loss) this week.. Need to work on my fundamental analysis because I still sux at it! Weekend will continue gaming – Kingdom of Amalur. Just when I completed Skyrim last month, now is another long RPG game!!! AARRRRGGHHHHH