Hello everyone,
I am currently not in Singapore. Please stay tune of my update resuming tomorrow.
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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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