Keep hustling cuz

Just want to document my trades down.

Brokerage: IG
Leverage factor: 50x

Initial capital: SGD 5,913
Goal: SGD 1,000,000 (don't we all)

I welcome anyone to give any comments, share trade ideas, or just pop up for a chit-chat.

Cheers!

Some rules to remind myself:
1. Profits are profits.
2. Don't chase.
3. Cross-reference.
4. Be patient, stay calm.
5. No overnight positions without trailing stop loss. That means, no negative positions overnight unless there is a very good reason to.

29 March 2017

1.5 Contracts
Sell EUR/USD @ 1.0758
Covered @ 1.07502

+SGD 163

SGD 6,076

29 March 2017

2 contracts
Buy AUD/JPY @ 85.004

Aussie is looking strong tonight, probably due to funds flow from EURO and GBP over.

Yen pairs tend to be a little more volatile, so I am hoping for a quick scalp here. Hopefully I can get 10 pips here.

Can Aud/Jpy push for a new HOD? I certainly hope so. Eyes on screen.

Am glad I did not go for Aud/Usd, although that might turn out to be a better trade when Usd/Dxy fades.

WTI oil jumps above $49, will it lend some strength to commodity currency Aud?

I'm a little tired to see it failing to get past 85.10 convincingly, so might just closed soon for a scalp.

Another attempt to break 85.10.

Leggo.

OK, I don't like what I'm seeing here. Price action seems to be stuck in a zone, so yeah. Wish I closed when I had the chance to take profit at 85.13 then, but oh well, I waited to see if we could push towards the high of the day. Kinda annoyed I threw away 20,000 yen like this. Damn.

29 March 2017
2 Contracts
Buy AUD/JPY @ 85.004
Closed @ 85.033

+SGD 72

SGD 6,148

Having covered my trade, in the short term, AUD/JPY seems to be supported at 84.95.

29 March 2017

1.7 Contracts

Buy USD/JPY @ 111.044

Dxy is at 99.91, I expect it to test 100, so we might have some upside here.

29 March 2017

1.7 Contracts

Buy USD/JPY @ 111.044
Closed @ 111.049

+ SGD 11

SGD 6,159

DXY has lost slipped.

Do I regret this trade? No. Was it a wrong one? Perhaps.

But oh well, I managed to escape unscathed. Will be monitoring again.

29 March 2017

1.3 Contracts

Buy GBP/USD @ 1.24033

Is the storm over? I hope so. Will the 1.24 support hold? I reckon and hope so.

Gonna take a shower. Hopefully I will see GBP/USD above 1.2410 when I'm done. I think GBP/USD and EUR/USD should see some form of recovery tomorrow/ The Euro might see a stronger recovery, but I have decided to long the pound instead due to my belief that 1.24 is intact. On the other hand, 1.0750 has been breached (though holding above), so I think I would stick with the pound for safer reasons.

Reviewing my day.

1. Sell EUR/USD. Fairly OK trade. It was indeed range-bound as I thought.
2. Buy AUD/JPY. Not happy with this trade. Barely made some profit here, should had known this is a difficult pair to play with and taken profit when I hit 20,000 yen.
3. Buy USD/JPY. Not happy with this trade. On the other hand, glad to have gone out of it capital intact.
4. Buy GBP/USD. Happy. It was indeed a better pick than EUR/USD, which just barely got over 1.0760 hurdle. 20 pips ITM.

29 March 2017

0.5 Contracts

Sell USD/JPY @ 111.019

The USD looks ready to lose its gains again.

29 March 2017

0.5 Contracts
Sell USD/JPY @ 111.019
Covered @ 111.131

- SGD 71

1.3 Contracts
Buy GBP/USD @ 1.24033
Closed @ 1.24228

+ SGD 353

SGD 6,441

Of course, AUD/JPY now sits at 85.22.

It is time for AUD to weaken.

29 March 2017

2.2 Contracts

Sell AUD/JPY @ 85.213

29 March 2017

Opening balance: SGD 5,913
Current balance: SGD 6,441

+ SGD 528
+ 8.93%

4 win trades, 1 loss trade.

Open position: 2.2 Contracts Sell AUD/JPY @ 85.213

I am leaving this position open as I sold just 7 pips below HOD, so I'm fairly comfortable. I think the AUD is over-valued and the new day should see it move downwards. Specific to this pair, failure to clear 85.40 means bearish bias is still intact. I hope to see this move towards the trendline of 84.23-that would be great for my sell.

So yeah, it's 3:30am here in Singapore, I'm off to bed.

30 March 2017

Opening balance: SGD 6,441

Negative Swap

- SGD 33

2.2 Contracts
Sell AUD/JPY @ 85.213
Covered @ 85.047
+ SGD 457

Rollercoaster trade, went up to 85.50. Luckily, I kept my nuts and held on. While the profits taken is more than what I could had if I TP last night, the problem was the upswing and the emotions I had to endure. Also, opportunity cost.

Profitable trade, but bad idea overall. Should had closed last night and saved all that trouble and frustration. Nearly cut loss at a few junctions.

SGD 6,865

Sometimes I execute trades on my mobile/at work.

GBP/USD looks oversold on the 5min. In addition, I believe in GBP strength and weakness in the USD.

1.3 Contracts

Buy GBP/USD @ 1.24952.

Looks like I bought too early, my entry kinda sucks, but I'm looking at a slightly bigger picture. Let's see GBP/USD push back towards the 1.26 mark. The 1.32 target is still intact, after Article 50 yesterday, it is time to make up for some lost ground.

Seems like USD is holding up well...for now. DXY is at 100...but I expect GBP/USD to go higher.