EUR GBP

Out of this trade with profit at the 1st trouble area.

Another new trade!

Hitching the Shinkansen train ride, this time heading to Europe!

New Trades

Knocked in a new trade today, the EUR.GBP pair. Looks like there's a good chance of reversal after shooting up to the statosphere.

Will it come back to earth? We'll find out in the next few days!

Shit happens....

My cable trade was stopped out, after missing my Take Profit target by just a few pips. Although I was royally pissed, these sort of things happen all the time and I just had to pick up my broken ego and move on.

New week, new trade

Kicked off the new week by hopping on the cable pair that is now trading downwards.

So near, yet so far away

Exited my EUR.AUD trade at BE+1. When price was about 15 pips away from my exit target, I moved my stop to BE+1.

And I was promptly taken out of the trade when price reversed on me.

Next trade, please!

Where to, Oil?

Oil just broke thru the 65 dollar mark to the downside. This will no doubt, spook all the Canadian crosses.

Will Oil hit the 60 mark? Time will tell.

Revving Up for F1

Singapore is next on the F1 calendar. Based on last year's race, it should be another rip-roaring success. I mean, how often to you get to see races done at night, under the floodlights? Pretty surreal, no?

Why do I keep blabbing about F1 in Singapore? Well, that's because I'm out of my recent USD.SGD trade. Now if only I get a chance to go down there and see Beyonce performs live....

Love Thy Neighbor

I like what I saw on the USD.SGD pair enough to compel me to take a Long position. Swing Low, Divergence, BUOB.......well, let's see where & how far she would take us!

Cable Stop

Trade was stopped out when price broke thru the trend line.

When I looked back, I realized that I had entered the trade without waiting for confirmation that price had indeed reject the trend line (post -raya blues, maybe?).

I need to remind myself that my game plan has always been about REACTING to price action, not ANTICIPATING what price might do (that's basically hoping)!

This time I broke my rule, and I paid the price.

Another Trade!

Another trade that I took, off the ascending trend line.

Post Raya Trade

My stomach has still not getting used to the MASSIVE amount of food that went in during the recent festivities.

Still, I managed to find time to sneak in a trade, this time on Cable.

Let's see if the trend line holds at 4th test.

Did not work out

My aggressive entry in to geppy bombed. Next trade.

Yen for more

I'm back into geppy.

Rough ride, so I jumped off

The EUR.AUD pair that I went in was heading nowhere. Just chop, chop & more chop, and not much else. Choppy trades ain't my cup of tea, so I got out at break-even.

There will be other more predictable trades.

Catching the early morning train

Caught this one just now. I don't trade this pair very often. It tends to be choppy at times.

However, a setup is still a setup, regardless of the which pair the setup belongs to.

Succumbing to Emotions

Greed & Fear are the two most influential factors that can have PROFOUND effect in the outcome of anyone's trades.

Emotions can certainly cloud whatever trading rules that I've worked real hard to implant in my head, in one fleeting moment.

A good example is the chart that I've attached here.

Small pinbar size, loads of traffic - really, this pair did not have much elbow room to go, given the puny size of the PA with respect to the nearby bar size.

To top it off, I placed my stop in the middle of the PA bar (just above the big round number), just so that I can eke out a reasonable R:R ratio......

.......yes, I was also getting a bit greedy....

You know, I need to keep on reminding myself that we can't force the market to give what we want. We can only receive what the market wants to give.

And so I took this trade.....and, ....lost.

Luckily the loss did not do much damage to my account, but I think it's worth to at least expand on the reasons why it was a crappy trade to begin with - just so that I can learn from my own mistakes.

Thanks, Dow!

The Mini Dow did not reach 9650, but it had enough steam to close its recent gap and went up a bit more.

That was enough to give my Pound Yen trade a bit of a kick to get to where my "take profit" level was set.

It was duly triggered, and I'm now out of it.

Heading up to the land of the rising sun

Hopped on the wild "shinkansen" sibling this evening, on the back of rising Mini Dow futures. The Mini Dow looks set to revisit the 9650 level again.

If it gets there, there's a good chance that my TP target for this pair would be hit.

Let's see.

Signing off for the week

Out of CAD.JPY trade at targetted area. Yep, I changed my mind about holding the trade over the weekend :-)

Well hey, I do reserve the right to change my mind, no? It's always good heading into the weekend with money in the bag!

I'm done with trading for this week.

Break-Even Trade

Closed the GBP.CHF trade at break-even, when price started to move against me, after bouncing of support at the bar lows.

On my CAD.JPY trade, I moved my stop a few ticks beyond break-even point. I am planning to leave my trade over the weekend, so it's nice to have a risk-free trade heading into it.

Canadian Road Kill

Sometimes, being aggressive does not pay. Do it right, and you're a hero. Get it wrong, and you'll end up looking like a goat.

Looking back, this entry style probably should not have been employed in this type of trading approach. I was simply trying to increase the R:R ratio, and it bombed.

On to the next trade.

Another Trade!

Here's another trade that I took, based on Daily timeframe. This time, it's the CAD.JPY pair that looks to be trending downwards.

And I'm joining the ride!

Aggressive Entry

This is an aggressive entry of a new trade that I'm currently in.

Trading off Daily Chart

It's been a while since I last entered trade using Daily timeframe. This is based on trendline.

Getting off the Canadian Express

Exited my EUR.CAD trade at my trailing stop point, once the trend line was broken. Price did not quite reach my target when the trend line was broken.

These things happen, and that's what the stoploss is there for.

Still, price did consolidate at the weekly PPZ at 1.5750 before it tapered off. I could have taken some profit there, but my plan was to ride the trend.

Next trade, please!

Another Loss

Lost my AUD.USD trade. Looking back, there were a couple of things that were not quite right....(funny, things seem to be much clearer in hindsight!)

1) TL should be based only after 3rd touch. This was only a 2nd touch at the time the trade was taken.

2) If indeed we want to take 2nd touch TL, it should have more confluence factors in its favor. In this case, there were not many. 2nd touch was based on tweezer top. The PB was actually an inside bar. Retracement was also weak, although it was off a PPZ.

My EUR.CAD trade is going well. Have now moved my stop to BE+1 level.

Going Down Under

New AUD.USD trade from the Short side.

Losing Trade

Trading can at times bring a mixture of excitement and anxiety. There are times when you thought that you've finally found a trading method that suits you..........and then you screwed it up by NOT following your own rules!

Well, that's what happened to my EUR.USD trade. The truth is, trading can be dirt simple. The methods are there, but it's sometimes our own psychology that messes things up.

New Trade

Entered this trade on pinbar retrace, instead of the usual pinbar break.