Equity:946.88 - Summer holidays

Heard from one of my college that July and August is the Summer Holidays for US. So for this period of time, maybe the stock and forex market might be more quiet.

Regarding the previous post, I just cancelled the trade before I travel to Malaysia, as there was not much movement.

The below is a trade which I entered last night, and it has yet to hit the both stops.

The blue circle above is the point I entered the trade. As you can see, I did not wait until the 20 SMA cross the 50 SMA, which was one of the rules I have been using for a long time.

My strategy now is just to visualize and predict the movement of the 20 and 50 SMA line. Ideal situations are when the 2 lines form a 'Leaf' like shape, which opens in the start, expands at the middle, and closes at the end. The bigger the Leaf shape, the better the profit. Therefore, it is good to catch it at the start of the Leaf.

So for the above, I saw that the previous Leaf was closing. It looked to me another leaf was forming downwards, the situation which I hope will happen. If it does happen, I earn 2 times the stop loss. If it does not, I lose the stop loss. In other words, on the long run, if I lose 1 trade and win another, I will still have a good profit.

The only other rule which I still follow is to buy after a dip. I buy after the trend goes through a slight dip, and the previous candlestick must a rise (green color). The opposite goes for a sell trade.

I am off to eat my dinner soon, hope the trade goes well!