A's Trading Journal

I have created multiple journals on this site. Some with charts, some simply showing my weekly results.

As I am currently taking a part-time degree in Finance, and as a new year's resolution, this journal would be to log my new progress in the coming years. This journal also serves as one of the fresh starts I am looking to take after getting my account out of a 3 year negative profit run, only recently clearing that profit up last year. I am currently up around SGD$4,000 after deducting my unrealized losses.

My aim has always been to build the account slowly. However, since I am looking to buy a car soon, and car prices in Singapore are exorbitant, I have decided to have a target of SGD$1,000 per month as a start.

To make things fun, I have also decided to add a goals list and I will update my profits periodically. I do have a fresh trade explorer running now, but due to privacy reasons, I will not be sharing it. In due time, I may consider doing so.

Goals:
$500/month
$1,000/month
$1,500/month
$2,000/month
$3,000/month
$5,000/month
$7,500/month
$10,000/month

Life Targets:
2nd hand Mazda 3
1st hand Mercedes C Class
Apartment

In addition to the above, I have decided to use this journal as a form of resume for future work purposes.

I currently have high interest bank accounts in Singapore that I use for my savings and regular expenditures.
In addition to Forex, I have opened a brokerage account that will do Dollar-Cost Averaging with my excess funds.
I am constantly sourcing for new ways to place my excess funds to ensure I make every single cent of my wealth work hard for me.

I am open to opinions, suggestions, clarifications and of course questions.

As a new year resolution thread, it is 7 days late. But better late than never.

Cheers to a fresh start!

For starters, these are posts that I have spotted before they happened. I only took a small AUDUSD long, but ignored it largely as I am still testing my new knowledge and understanding.

I noticed an AB=CD pattern on AUDUSD and I drew the fib before it broke to 1.27. As it got there, I decided to take a small long to the B leg, and previous resistance, and it cleared TP easily.

As for EURAUD, I had drawn the trend line before the huge 3rd spike. And it tapped on it a 4th time. However, with such patterns, I am generally looking for it to head upwards (unlike the majority that says resistance will NOT be broken and it will go LOWER).

Again, I will not be taking any positions on these pairs as this is not my actual strategy and I am simply sharing my opinion and giving myself an outlook.

As shown from the AUDUSD chart, it seems that price has shot up even further and is now sitting at 0.75026.

Bullish momentum seems to have slowed now that it is in a resistance zone. Should not go further.

All JPY pairs are also falling nicely. Making good pace for 1st target of the year.

I have gone from a technical aspect believer into a fundamental aspect believer. I realize if you combine both, you can turn any strategy into a strong one with good rrr and good discipline.

I am looking for USDJPY to come lower. In fact looking for all JPY pairs to come lower.

GBPJPY has made the largest move down but it seems to have bounced off the resistance up top.

Due to main account currently still underwater, will take a wait and see stance.

Meanwhile secondary account is supporting the main account and trade ideas.

Trump and his speech may have rattled markets but no physical action has been taken yet.