1342 - explosion

Explosion today!
Japan wants to have a bigger currency base.
I was told of that when eating subway with my office colleagues.
Then when I check my account using my hand phone, it was up $100.
When I returned from lunch, it was up another $50.
And after a while, it killed the limit stop.
Was quite satisfied with my stop loss.
Now the bull run is facing some resistance.
But so glad that I am back to near the level since the previous time my fund peaked.
And during this period of plunging fund, I learned more to eliminate some trades I should not enter.
Like for pins, it should be a green candle if it to be a bullish pin.
And for engulfing, the candle should be full, as in the tails should not be very long.
The open and close price should be quite to the high and the low of the candle.
For now, I am happy!

1161 - Following up on previous Daily trade

From the previous post, I mentioned about one of my Daily trade.
It is has earned a lot for me.
But I currently still have 1 lot remaining.

This post is about where I reset my Stop Loss.
I set it somewhere around my entry point.
The reason?
There is actually a support zone a little above it, if you look around June.
I guess this is what Conrad Lim might be talking about.
Defensive trading.
Whatever happens, I lock in some profit.
It also has enough space to take some retracements.

1158 - back with a bang

 Above is the Daily trade (though I screen shot it in 4 hr chart).
Big profit here.
Closed one trade even before it hit the Limit Stop.
Slightly, so it is ok.
There is another Limit Stop for the remaining one.
So it might drop my current fund, or might increase past 1.2k.
This is my first Daily chart victory, even since I start my new strategy.
I might adjust the Stop Loss of the remaining lot, to lock in some profit.
But I am glad that my fund made a big jump!

The above is my 4 Hr trade.
The one which I only had even money for 1 lot.
If not, I could have made more.
You can see many people also sold when it reached closed to the resistance zone.

956 - Added 1 lot

Added the above, but only 1 lot instead my usual 2.
Not enough funds, also not so sure why.
But things for Forex are going fine now.
But nothing counts when the positions does not close.
Anything can happen.

926 - starting to feel it

Not feeling a big win.
But starting to get a bit of emotions from trading.
Because the trade I am in is using Daily charts.
The stakes are bigger.
And my funds are dwindling.
It is a relief now, but not sure for the next morning I wake up.
It is so turbulent.
I was on a lost this morning, my funds was around 700.
Now my funds are around 926.
So not sure, just continue my life.
See what others ways I can make money in life to divert my attention.

Come to think of it, the most important trading book I read up to now is the renown 'trading in the zone'.
As the money involved gets bigger, the book becomes more relevant.

899 - long way to go

Hope this trade can make it.
Day trades are really very high stakes, it only rose a bit but it made 100.
I also can lose a lot.
I had not won a daily candle trade since I started this trading strategy.
Which is support/resistance and price actions.
I hope my first will come soon.

797 - Pin, a good and bad example

 Good example. The pin is green, which is a criteria for bullish pin.

Bad example. Even though it is a nice pin at the support zone, it is red. The closing price has to be higher than the opening price to be qualified as a bullish pin.

863 - army time

Army time for 2 weeks, still one more week to go.
Been doing the trading in camp using my Android phone.

 Winning (4 Hourly)

Big Bullish engulfing at support zone.

Winning (4 Hourly)

Nice bullish pin at support zone.

Lost (Daily)

This Daily trade cost me big loss even though my 2 4-hourly are winning.
I entered as the bear seem to lose its momentum at the support.
There are 2 nice pins, or dojis.
But the preceding bearish candle killed it.