Good morning everyone,
Yesterday, I manage to catch a short at 1.3660 before I rush out to give a small talk. Sad to say, I didn't manage to update here. Anyway, congrats to those who caught it too.
Today, eurusd is likely to turn down further. Good to pick short around 1.3610 or when eurusd breaks below 1.3550. SL around 50 pips. Target exit is around 1.3475.
Eurusd update - 29 Sep 2011 Thurs
Good morning everyone,
Yesterday I manage to have a break even trade, meaning 0 loss only after shifting my stop.
Today, I have 2 alternatives to pick short.
1st is to pick short around 1.3575 with SL 50 pips. Target exit is around 1.3420.
However, if eurusd climbs further, I favour picking short again around 1.3610 with 50 pips SL. Target exit is around 1.3450.
Yesterday I manage to have a break even trade, meaning 0 loss only after shifting my stop.
Today, I have 2 alternatives to pick short.
1st is to pick short around 1.3575 with SL 50 pips. Target exit is around 1.3420.
However, if eurusd climbs further, I favour picking short again around 1.3610 with 50 pips SL. Target exit is around 1.3450.
Eurusd update - 28 Sep 2011 Wed
Good morning everyone,
Looks like eurusd still in consolidation stage. I would be picking short today from 1.3620 - 1.3650. SL around 40 pips. Target exit is around 1.3450.
*Hello everyone, I too make mistakes and have indecisiveness at times. Reason for saying this is that right now, eurusd is turning down. However, I am viewing it as a retracement so I have pick long around 1.3570 with SL around 1.3540. Target is back to my 1.3800.
I am abandoning my short view for today.
Looks like eurusd still in consolidation stage. I would be picking short today from 1.3620 - 1.3650. SL around 40 pips. Target exit is around 1.3450.
*Hello everyone, I too make mistakes and have indecisiveness at times. Reason for saying this is that right now, eurusd is turning down. However, I am viewing it as a retracement so I have pick long around 1.3570 with SL around 1.3540. Target is back to my 1.3800.
I am abandoning my short view for today.
Eurusd update - 27 Sep 2011 Tues
Good morning everyone,
Sorry been busy today. I wasn't able to see the chart and do my update here until now.
Anyway, eurusd has broken the resistance at 1.3550. Since I am holding a long yesterday till now, I am staying put.
For those who wish to pick long now, SL is a bit wide about 80 - 90 pips to prevent the swing. However, target remains the same at 1.3800.
*I have just closed my position with 100+ pips profit. I see eurusd forming multiple antennas. There is a possibility of eurusd reaching back my entry level, so money in the pocket first. I will have to hunt for new entry again later. Will keep everyone posted if got any new trades.
Sorry been busy today. I wasn't able to see the chart and do my update here until now.
Anyway, eurusd has broken the resistance at 1.3550. Since I am holding a long yesterday till now, I am staying put.
For those who wish to pick long now, SL is a bit wide about 80 - 90 pips to prevent the swing. However, target remains the same at 1.3800.
*I have just closed my position with 100+ pips profit. I see eurusd forming multiple antennas. There is a possibility of eurusd reaching back my entry level, so money in the pocket first. I will have to hunt for new entry again later. Will keep everyone posted if got any new trades.
Eurusd update - 26 Sep 2011 Monday
This week, eurusd has a possibility to turn up this week. After the meeting, IMF said they are ready to support Euro nations in their efforts to resolve the region's sovereign debt crisis.
However, the chart outlook is more prone that eurusd will turn down further.
I also favour eurusd to turn up. I favour picking long again if eurusd test support level at 1.3420. SL around 40 pips. Target exit is around 1.4000.
*Hello Everyone, target exit is a mistake. It should be 1.3800, NOT 1.4000. Thanks to Ai Shiang for spotting it. Anyway, eurusd has broke my support. I guess what we can do tomorrow.
In the meantime, I might not want to pick short because the stop loss can be pretty high up. So I am waiting for better chance.
Eurusd has formed a reversal. I am picking long with SL at 1.3360. I expect eurusd will reverse up from here. Expected target will be around 1.3800.
However, the chart outlook is more prone that eurusd will turn down further.
I also favour eurusd to turn up. I favour picking long again if eurusd test support level at 1.3420. SL around 40 pips. Target exit is around 1.4000.
*Hello Everyone, target exit is a mistake. It should be 1.3800, NOT 1.4000. Thanks to Ai Shiang for spotting it. Anyway, eurusd has broke my support. I guess what we can do tomorrow.
In the meantime, I might not want to pick short because the stop loss can be pretty high up. So I am waiting for better chance.
Eurusd has formed a reversal. I am picking long with SL at 1.3360. I expect eurusd will reverse up from here. Expected target will be around 1.3800.
Eurusd update - 23 Sep 2011 Fri
Good morning everyone,
I strongly believe past 2 days were just an act to trigger some positions in the market.
Well, it definitely frustrated me a bit too.
Anyway, I believe sentiments should be more calm now since US is already in deep trouble.
So I favour picking long around 1.3450 if eurusd forms a reversal at this level. SL will be around 50 pips. Target exit is around 1.3800.
I strongly believe past 2 days were just an act to trigger some positions in the market.
Well, it definitely frustrated me a bit too.
Anyway, I believe sentiments should be more calm now since US is already in deep trouble.
So I favour picking long around 1.3450 if eurusd forms a reversal at this level. SL will be around 50 pips. Target exit is around 1.3800.
Eurusd update - 22 Sept 2011 Thurs
Good morning everyone,
When I wake up and look at eurusd, my eyes nearly popped out. I am dumbfounded. Must be some fundamentals again that rock this pair. Anyway, I am still in profit for the month.
Today, eurusd may drop further but I am quite skeptical about the movement. I am staying on the sideline this time again. Because there will be a meeting of finance ministers from the BRIC emerging nations -- Brazil, Russia, India and China -- in Washington on 24 Sept. Therefore, eurusd may swing again but I do favour eurusd to strength from the BRIC rescue.
When I wake up and look at eurusd, my eyes nearly popped out. I am dumbfounded. Must be some fundamentals again that rock this pair. Anyway, I am still in profit for the month.
Today, eurusd may drop further but I am quite skeptical about the movement. I am staying on the sideline this time again. Because there will be a meeting of finance ministers from the BRIC emerging nations -- Brazil, Russia, India and China -- in Washington on 24 Sept. Therefore, eurusd may swing again but I do favour eurusd to strength from the BRIC rescue.
Eurusd update - 21 Sep 2011 Wed
Good morning everyone,
Yesterday long position is still holding strong.
Today, I favour picking long again around 1.3650 with SL 50 pips. Target exit remains at 1.4050.
Alternatively, I also favour picking long when market breaks above 1.3745 with SL 50 pips. Target exit also at 1.4050.
Yesterday long position is still holding strong.
Today, I favour picking long again around 1.3650 with SL 50 pips. Target exit remains at 1.4050.
Alternatively, I also favour picking long when market breaks above 1.3745 with SL 50 pips. Target exit also at 1.4050.
Eurusd update - 20 Sep 2011 Tues
Good morning everyone,
Sorry abit late today. Anyway, just a quick update.
Today, I favour picking long around 1.3600 SL around 40 pips. Target exit is around 1.4050.
Sorry abit late today. Anyway, just a quick update.
Today, I favour picking long around 1.3600 SL around 40 pips. Target exit is around 1.4050.
Eurusd update - 19 Sept 2011 Mon
Good morning everyone,
This week, eurusd will likely climb up to 1.4050 - 1.4100 before the downtrend resume again.
On Monday, I expect eurusd to retrace to 1.3650 before turning up to the targeted top as mentioned.
Good to pick long around 1.3650 with 50 pips SL. Target exit is around 1.4050.
This week, eurusd will likely climb up to 1.4050 - 1.4100 before the downtrend resume again.
On Monday, I expect eurusd to retrace to 1.3650 before turning up to the targeted top as mentioned.
Good to pick long around 1.3650 with 50 pips SL. Target exit is around 1.4050.
Eurusd update - 16 Sept 2011 Fri
Good morning everyone,
Yesterday, I calculated, from tuesday till thursday, all 3 entries reach target and close. I am looking at 800 pips.
Well, too bad, I manage to capture entries on Wed and Thurs. This is what trading is about.
I also realise I have not made any trade this whole month!! These are my maiden trade for the month. Nice! Patience pays!
Anyway, I expect eurusd to climb up higher but topside has limited room. The highest I believe it can go is 1.4050 before turning down. I favour picking long only if it retrace to 1.3825 with SL 50 pips. Target exit 1.4050.
Or wait patiently and enter only if it breaks above 1.3935.
Yesterday, I calculated, from tuesday till thursday, all 3 entries reach target and close. I am looking at 800 pips.
Well, too bad, I manage to capture entries on Wed and Thurs. This is what trading is about.
I also realise I have not made any trade this whole month!! These are my maiden trade for the month. Nice! Patience pays!
Anyway, I expect eurusd to climb up higher but topside has limited room. The highest I believe it can go is 1.4050 before turning down. I favour picking long only if it retrace to 1.3825 with SL 50 pips. Target exit 1.4050.
Or wait patiently and enter only if it breaks above 1.3935.
Eurusd update - 15 Sep 2011 Thur
Good morning everyone,
Still holding on to my position. Today, I expect eurusd to test 1.3710 before turning up. Good to pick long around 1.3700. SL around 50 pips. Target exit is around 1.3900 - 1.3950.
Remember to shift SL to breakeven for those holding previous position.
Still holding on to my position. Today, I expect eurusd to test 1.3710 before turning up. Good to pick long around 1.3700. SL around 50 pips. Target exit is around 1.3900 - 1.3950.
Remember to shift SL to breakeven for those holding previous position.
Eurusd update - 14 Sep 2011 Wed
Good morning everyone,
Yesterday, eurusd dropped and missed my entry by 8 pips!
Today, I expect eurusd to drop to 1.3605 before turning up. Good to pick long at this bottom. With stop loss around 50 pips. Target exit remains at 1.3900.
Yesterday, eurusd dropped and missed my entry by 8 pips!
Today, I expect eurusd to drop to 1.3605 before turning up. Good to pick long at this bottom. With stop loss around 50 pips. Target exit remains at 1.3900.
Eurusd update - 13 Sept 2011 Tues
Good morning everyone,
The last weekend we had another successful launch of world-GTI at Kuching. Anyway, its good to see our associates in Kuching.
Eurusd looks prone to turning up for a recovery after 10 days of dropping.
I favour picking long if eurusd retest support at 1.3550 with SL about 50 pips. Target exit is around 1.3900 once it breaks 1.3700.
Alternatively, good to pick long when eurusd breaks 1.3700 SL around 50 pips. Target exit is around 1.3900.
The last weekend we had another successful launch of world-GTI at Kuching. Anyway, its good to see our associates in Kuching.
Eurusd looks prone to turning up for a recovery after 10 days of dropping.
I favour picking long if eurusd retest support at 1.3550 with SL about 50 pips. Target exit is around 1.3900 once it breaks 1.3700.
Alternatively, good to pick long when eurusd breaks 1.3700 SL around 50 pips. Target exit is around 1.3900.
Notice
Hello everyone,
I am currently not in Singapore. Please stay tune of my update resuming tomorrow.
- Posted using BlogPress from my iPhone
I am currently not in Singapore. Please stay tune of my update resuming tomorrow.
- Posted using BlogPress from my iPhone
Eurusd update - 09 Sep 2011
Good morning everyone,
Eurusd broke my support again. Movement only came in the NY session.
Today I reckon picking short around 1.3970 with SL 50 pips. Target exit around 1.3840.
Eurusd broke my support again. Movement only came in the NY session.
Today I reckon picking short around 1.3970 with SL 50 pips. Target exit around 1.3840.
Eurusd update - 08 Sept 2011 Thurs
Good morning everyone,
After 5 years of trading and learning through my experiences, I truly believe trading needs to have a lot of patient. I have been patiently waiting for eurusd to have clearer signs. Right now eurusd is forming consolidation. Topside resistance is around 1.4130 regions and bottom support is around 1.3970.
Today, I going to pick long if eurusd retest support at 1.4010. SL - 1.3960. Target exit is around 1.4130.
After 5 years of trading and learning through my experiences, I truly believe trading needs to have a lot of patient. I have been patiently waiting for eurusd to have clearer signs. Right now eurusd is forming consolidation. Topside resistance is around 1.4130 regions and bottom support is around 1.3970.
Today, I going to pick long if eurusd retest support at 1.4010. SL - 1.3960. Target exit is around 1.4130.
Eurusd update - 07 Sep 2011 Wed
Hello everyone,
Yesterday eurusd hit my target top within 4 hours and turned down again breaking my target bottom.
In such cases, usually I just remain sideline as I mentioned I will not chase market. Many who chases market have a high chance of losing money. I personally learn it through the hard way.
Words of wisdom: "Market is always open, so be patient even if you misses some opportunity. Trading is like a game. We are here to trade and win, not to lose."
Remember this always!
Today, I reckon that eurusd may take a turn up but I will wait for market to form the reversal to confirm. Basically, I will pick long if eurusd shows reversal without breaking support at 1.3972.
Yesterday eurusd hit my target top within 4 hours and turned down again breaking my target bottom.
In such cases, usually I just remain sideline as I mentioned I will not chase market. Many who chases market have a high chance of losing money. I personally learn it through the hard way.
Words of wisdom: "Market is always open, so be patient even if you misses some opportunity. Trading is like a game. We are here to trade and win, not to lose."
Remember this always!
Today, I reckon that eurusd may take a turn up but I will wait for market to form the reversal to confirm. Basically, I will pick long if eurusd shows reversal without breaking support at 1.3972.
Eurusd update - 06 Sep 2011 Tue
Good morning everyone,
A very quick update today.
Eurusd came down yesterday without any retracement. Right now, I am waiting for eurusd to reach my target bottom before picking long. I am waiting for reversal to pick long on eurusd. So right now, I am stay out since I have missed the short, I won't want to chase the market.
So my target bottom remains around 1.4020 - 1.4050 regions.
A very quick update today.
Eurusd came down yesterday without any retracement. Right now, I am waiting for eurusd to reach my target bottom before picking long. I am waiting for reversal to pick long on eurusd. So right now, I am stay out since I have missed the short, I won't want to chase the market.
So my target bottom remains around 1.4020 - 1.4050 regions.
Eurusd update - 05 Sep 2011 Monday
Good morning everyone,
There is a high chance of eurusd to turn down to test support at 1.4020 before turning up again.
On Monday, I expect eurusd to climb back to 1.4250 before turning down further. So good to pick short around 1.4250 with SL around 1.4290. Target exit is around 1.4020.
Be cautious if eurusd trigger our SL because it has a high chance of going to 1.4350 before turning down again. So don't chase market if eurusd breaks above our SL level.
There is a high chance of eurusd to turn down to test support at 1.4020 before turning up again.
On Monday, I expect eurusd to climb back to 1.4250 before turning down further. So good to pick short around 1.4250 with SL around 1.4290. Target exit is around 1.4020.
Be cautious if eurusd trigger our SL because it has a high chance of going to 1.4350 before turning down again. So don't chase market if eurusd breaks above our SL level.
Eurusd update - 02 Sep 2011 Fri
Good morning everyone,
Yesterday eurusd came down was not what I expected. I forecast a turn up before the tumble, the fellow just drop first before doing any retracement upwards.
Sometimes, trading can be frustrating to me too but we must be calm and cool. Thats why my master ever told me and I remember clearly, a good trader is a good poker player. Get it?
And by now, if you look at the PnL page, you will realise that the total month of aug is still in profit even though there are more losing trades. This is good risk/reward ratio in our trading method.
Therefore, trading with good risk management is very important. Remember that!
Today, I am staying on the sideline as tonight is non farm payroll. I expect market to swing big time tonight and then I will decide my move next week!
Yesterday eurusd came down was not what I expected. I forecast a turn up before the tumble, the fellow just drop first before doing any retracement upwards.
Sometimes, trading can be frustrating to me too but we must be calm and cool. Thats why my master ever told me and I remember clearly, a good trader is a good poker player. Get it?
And by now, if you look at the PnL page, you will realise that the total month of aug is still in profit even though there are more losing trades. This is good risk/reward ratio in our trading method.
Therefore, trading with good risk management is very important. Remember that!
Today, I am staying on the sideline as tonight is non farm payroll. I expect market to swing big time tonight and then I will decide my move next week!
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