Writing a Journal to record my findings..
Today is 8 April 2014, if time could goes back, I would wish I never touch Forex, as a person who lost in the past, and at present. I would seek to self improve and continue fight till the last breathe, and change my bias to the way price move.
EUR/USD Position
The box shows the general trend of EUR/USD, in order for EUR/USD to continue uptrend, it need to break the box. Which will be a challenge.
I would like to add a short here, with my SL 15 pips above the box high.
I would use $500 USD to play a 1.0 lot with leverage 1:500
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GBP/USD Position
The uptrend is too strong, strong till I believe it won't last.
Today movement is 170 pips. I was actually afraid to long, because I think it reach a certain "high" or resistance, but my core values of system ask me to long, I left it out and regret now.
Now I tweaking my system, slightly, to make a new system which can overcome my weaknesses.
H4 Chart
Daily chart tell me that it is a good time to short GU, testing a breakout will be a test of 1.58
NZD/USD Chart - A Commodity Short
The high is not far, yet I want to get a 60 pips profit out of this. Time will reveal if NZD will break a new high or not.
USD-JPY Chart - Is the yen rally over or its just a position sizing before a bigger rally.
USD/CHF Chart - Going for the retracement, trading on a non break out.
Fear,bias and greed kills a trader. I seems to possess much of this, I need to fine tune to make myself a better trader.
In life, there is a lot of regrets, but regrets won't give me a time portal to go back to correct my mistake.
Only thing I could do is to continue improve myself.
Today is 8 April 2014, if time could goes back, I would wish I never touch Forex, as a person who lost in the past, and at present. I would seek to self improve and continue fight till the last breathe, and change my bias to the way price move.
EUR/USD Position
The box shows the general trend of EUR/USD, in order for EUR/USD to continue uptrend, it need to break the box. Which will be a challenge.
I would like to add a short here, with my SL 15 pips above the box high.
I would use $500 USD to play a 1.0 lot with leverage 1:500
=======
GBP/USD Position
The uptrend is too strong, strong till I believe it won't last.
Today movement is 170 pips. I was actually afraid to long, because I think it reach a certain "high" or resistance, but my core values of system ask me to long, I left it out and regret now.
Now I tweaking my system, slightly, to make a new system which can overcome my weaknesses.
H4 Chart
Daily chart tell me that it is a good time to short GU, testing a breakout will be a test of 1.58
NZD/USD Chart - A Commodity Short
The high is not far, yet I want to get a 60 pips profit out of this. Time will reveal if NZD will break a new high or not.
USD-JPY Chart - Is the yen rally over or its just a position sizing before a bigger rally.
USD/CHF Chart - Going for the retracement, trading on a non break out.
Fear,bias and greed kills a trader. I seems to possess much of this, I need to fine tune to make myself a better trader.
In life, there is a lot of regrets, but regrets won't give me a time portal to go back to correct my mistake.
Only thing I could do is to continue improve myself.
Learn to Trade is Important. Keep your bias & ego aside.