My trading journey

bot 1.2285 x 1 = -5
bot 1.2320 x 1 = -40
bot 1.2295 x 3 = -54
bot 1.2255 x 5 = 125

total 26 pips

buy order 1.2280, we'll see

there will be a strong move very soon, a wild swing.

just filled buy order !

opps duty call i need to fill both mine and my wife's car petrol. i closed my position now at 1.2289

1.2280 x 1 = 9 pips

i'll call it a day now...

here's my insight

Congrats!
Seems your rescue was successful finally.

But why do you hesitate several times to send in youre rescue troops?
Seems you feel not very confortable in doing rescues?

CU,
MaMood

Hi mamood,

thanks! it's not that i'm hesitant sending my resue troops, and it's not that i cannot afford but as i have told fti and the rest here i'm a bit bad in rescue operation, don't really have a good timing on entry... look at the first level of rescue i made, it was only like 30 pips down when i deployed my 3 soldiers, and when they too where in deep waters i was really sweating a lot, i guess i'm not that comfortable with that position yet but when i send my last rescue (5 soldiers - and i mean last because if it went 30 pips more deeper i will kill them all, for that's all my foreighn capital of the week) i made it just quite right after the 4th false retest downward and i felt it will be bound for going back to upward push.

again, having said this, i admit i'm not comfortable in doing rescue yet need more practice i suppose, but if not sure and no confidence of deploying rescue troops, i simply cut them loose better that way at least i can manage the loss mentally and physically.

any helpful insights regarding rescues?

regards,
dongsky

there's no major news release today, it should be an interesting day to trade. i'm still looking for a good entry.

looking on the daily chart of euro/usd, it looks like there will be a bounce and forming double bottom.

on the hourly chart, it's already on its uptrend.

on 15 minutes, a doji star was just formed after a long (30pips) bull candle appears and also up trending.

5 minutes, on an uptrend, but currently on a minor retracement.

i will feel the pulse with the market first before i'll deploy a scout and dance with her

if momentum is strong i'm eyeing a very shallow retracement before i enter long and if momentum is a bit weak but the feel is correct the i will be waiting a little deeper retracement (50% fibo) before entering long. if it will go deeper than 50%fibo then i will wait until the price is hiking back upward and upon breakout of the previous high - i will enter long.

be good and be safe all.

bot 1.2345 x 1

from my broker's analyst:

» Best night for world equity markets this month as strong gains were posted on both sides of the Atlantic following China’s commitment to investing in Europe allayed fears that the debt crisis will worsen…..for now anyway.
» Markets ignored worse than expected US economic releases with Q1 GDP lower than expected at 3.0% annualized, and a rise in Initial Jobless Claims to 460K.
» AUD the best performing currency last night as the China news bolstered investor appetite for high yielding assets, with the EUR continuing to under perform despite the China news.
» Commodity prices continued to recover last night with most up by around 3%, but Gold stagnant despite a weaker USD.
» US Equities higher overnight, Dow 2.9% at 10259 S&P500 3.3% at 1103 and Nasdaq 3.7% at 2278.

i'm getting ready for my rescue plan...

deployed rescue @ 1.2330 x 1

bulls had been noted!

it looks a northbound bus is running now... if that level will be broken then i will buy 1 position.

buy order has been filled @1.2345

placed buy order @ 1.2365 x 2

i forgot to attach chart

buy order just filled

here she comes... fasten seatbelts!!!!

buy order @ 1.2400 x 2