Equity:853.03 - Longer and simplier, and a book

Lost the trade in the previous post, and now use simplier theory.

Using Daily Candles now. What goes up must come down. From the chart, it seems like the trend is going down slope again. I entered the trade when it rose up a little (After 3 small green Candles). Set my Stop-loss at the previous high.

This is a longer and slower strategy, which I suppose will take around 3 working days. In the mean time, I will buy a Forex book and absorb it.

I searched the net and quite a few people mentioned about Kathy Lien's book, which is the below. Think she used to be a Forex strategist for one of the big investment banks. So, it is pretty cool for someone high up in the corporate ladder to expose the knowledge and strategy she knows.

Think I will order the book online now, since its like 25% cheaper than buying from a bookstore. Sad that bookstores and many physical shops are declining due to internet stores. But well, change is the only constant. If you are Singaporean and want to purchase books online, you can try what I am using, Fishpond.com.sg.

Equity:869.17 - I'm in

Entered without confirmation of a Red candle.

Reason is because if it were to dip by too much, my Stop-Loss gap will be very big. Previously, the candle surged upwards and bounced back again from the resistance line, which is now my Stop-Loss.

Equity:865.83 - Target, and a life lesson

The above is currently what I am waiting for. Just waiting for the Hourly chart to dip, and I will enter the game. It is strongly backed by a downward trend in the Daily chart.

Forex aside, today I learnt a life lesson. I have come a long way since childhood, being a socially awkward person to someone who can now speak pretty well in some groups of friend.

But one of the barriers I haven't cross is occasionally, I get angry when my popularity gets snatched away by someone else. I really hate myself for it, and from my point of view, it is really petty of me. But somehow, I have no control over myself, the self where it naturally have certain emotions. And everyone else also have a certain set of unique emotions to react to different situations.

You can see it like my logical self is trying guide and understand my little brother, which is my emotional self. Today, the same situation arose, and good thing is everyday is a learning day. But the most crucial and difficult part is not to run away from it. It is meant to teach you something and improve yourself.

How I dealt with it is that I realized that the more I dislike or hate someone, the more I should talk to the person. It is because the person, unknowingly, has power over me. The more angry I am with him, the more I implode inside. Especially if that someone is the most popular in the group, the more I should converse with what the person say because

• It helps to build my voice in the group
• It also helps me to hate the person less

Equity:865.83 - Died

And that's how it ended, failed.
The horizontal line is the Stop-loss.

Equity:896.13 - Haven't end

Previous trade went back down again, but it is still surviving.
Not sure how it will end, but I reckon a good way to judge will be to look at the bigger picture, which is the Daily graph.

So from how the above looks, it still seems more like an upward trend. Hopefully it breaks through the previous high soon.

Equity:918.30 - Getting close

Did well yesterday, and it seems I am close to my Limit-stop again.
Hope this is not lucky but a good strategy.

Equity:890.26 - Metallica in Singapore

I will be going for my first ever rock concert, and it is also my favorite band in the world. Metallica!
It has been 20 years since they last came here. I have been listening to their music since I am around 15 years old, and man... its been 15 years already.
I am old :(

Previous trade in the previous post, I won. And the above trade I just placed follow the same logic. Actually, I am still using most of the rules I used a month ago.

• Limit-Stop at 2 times Stop-Loss
• 20 SMA crosses the 50 SMA, wait for a small dip/surge before buying

Just that the difference now is that the above rules must fulfill 2 charts instead of one. Look firstly at the Daily graph first. If condition hits then proceed to the Hourly chart.
So that in this way, there is more solid confirmation of 2 forces driving it, the Daily and Hourly chart.