We are targeting the 106 - 105.50 area so we will close the trade when it reach the area or move th SL very tight!
Move SL at break-even when price moves 60 pts below.
Thursday 9 June 2016
TRADING PLAN - USDJPY 1H FOREXSIGNAL 30
Currently on new structure low.
We are targeting the 106 - 105.50 area so we will close the trade when it reach the area or move th SL very tight!
Move SL at break-even when price moves 60 pts below.
We are targeting the 106 - 105.50 area so we will close the trade when it reach the area or move th SL very tight!
Move SL at break-even when price moves 60 pts below.
TRADING ANALYSIS - EURUSD FOREXSIGNAL 30
Good day everyone.
Expectation for EURUSD change to new structure low
And now have a selling position. -40pts
Sell at 1.1350
Expectation for EURUSD change to new structure low
And now have a selling position. -40pts
Sell at 1.1350
TRADING ANALYSIS - USDJPY 1H
Ok let's take an overview of the USDJPY on 1H timeframe.
The market is still bearish and targeting the 106.00 to 105.50 area which is also a good opportunity to buy since it holds the strong support area.
EMA 200 is still downtrend so we will always look for opportunity to sell.
105.50 area is a good opportunity to buy we already put buy limit on this area.
The market is still bearish and targeting the 106.00 to 105.50 area which is also a good opportunity to buy since it holds the strong support area.
EMA 200 is still downtrend so we will always look for opportunity to sell.
105.50 area is a good opportunity to buy we already put buy limit on this area.
Break-above the EMA 200 will switch our expectation to NSH
107.70 is our nearest resistance.
Our parabolic sar EA is still on SHORT only mode.
Wednesday 8 June 2016
TRADING RECAP AND PSYCHOLOGY - FROM 60PTS TO 10PTS
Last night before I sleep i managed to break even both position at 10pts
USDJPY 1H PARABOLIC - SELL LOCKED IN 10PTS
USDJPY 1H FOREXSIGNAL 30 - 10PTS
I repeat before I sleep it was 60pts in my favor so X2 = 120pts all
But the question is do we need to close the position to pull in sure profits? Or let the market do what it wants and the most important thing is we protect our capital.
Ill be honest, sometimes a professional trader feel this way. So lesson now is FOLLOW RULES RELIGIOUSLY. Lets go back to basic rule. 1st goal to break even, 2nd locked in some profits, 3rd agressively locked in profits. It is not how much we made today THE MOST IMPORTANT THING IS WE FOLLOW OUR PLAN, WE PRESERVE OUR CAPITAL.
FOLLOW YOUR PLAN
FOLLOW YOUR RULES IN TRADING
FOLLOW YOUR RULES IN TRADE MANAGEMENT
FOLLOW YOUR RULES IN MONEY MANAGEMENT.
Write down your plans and rules before trading and COMMIT TO THAT PLAN WE YOU ENTER THE TRADE.
So that when you enter the trade you know what you will do win or lose. It is not how much you made. It doesnt make sense if you make money and you didnt follow your plan. Because in the long run it is not profitable. It is not a trait of a successful trader.
USDJPY 1H PARABOLIC - SELL LOCKED IN 10PTS
USDJPY 1H FOREXSIGNAL 30 - 10PTS
I repeat before I sleep it was 60pts in my favor so X2 = 120pts all
But the question is do we need to close the position to pull in sure profits? Or let the market do what it wants and the most important thing is we protect our capital.
Ill be honest, sometimes a professional trader feel this way. So lesson now is FOLLOW RULES RELIGIOUSLY. Lets go back to basic rule. 1st goal to break even, 2nd locked in some profits, 3rd agressively locked in profits. It is not how much we made today THE MOST IMPORTANT THING IS WE FOLLOW OUR PLAN, WE PRESERVE OUR CAPITAL.
FOLLOW YOUR PLAN
FOLLOW YOUR RULES IN TRADING
FOLLOW YOUR RULES IN TRADE MANAGEMENT
FOLLOW YOUR RULES IN MONEY MANAGEMENT.
Write down your plans and rules before trading and COMMIT TO THAT PLAN WE YOU ENTER THE TRADE.
So that when you enter the trade you know what you will do win or lose. It is not how much you made. It doesnt make sense if you make money and you didnt follow your plan. Because in the long run it is not profitable. It is not a trait of a successful trader.
TRADING RULE - CHAOS THEORY
EMA 200 will be our chaos boundary.
If price approach this area, this will be a good opportunity to buy or sell. It doesnt mean you have to jump in immediately. Always remember the bar by bar analysis in entering the market.
At any system you are trading, it doesnt mean you have to enter immediately. Analyse how the bar reacted on that price area.
If price approach this area, this will be a good opportunity to buy or sell. It doesnt mean you have to jump in immediately. Always remember the bar by bar analysis in entering the market.
At any system you are trading, it doesnt mean you have to enter immediately. Analyse how the bar reacted on that price area.
TRADING PSYCHOLOGY - SET AND FORGET
Good morning everyone!
Today we are going to discuss one of the technique that will improve our trading and remove all emotions during trading.
SET AND FORGET!
Yes you set your rules, you enter the trade and let your trade plan works.
This what i am doing now. Before looking at the chart the very first thing to do is look at daily time frame + 200 EMA.
THIS WILL BE OUR BAROMETER. If bars are below 200EMA then we are looking for a sell opportunity. If the bars are above EMA we only look for the best place to buy.
After you enter the market with SL and TP. Close the platform for 4 to 5 hours.
1ST GOAL is to break-even.
2ND GOAL locked in profits.
3RD GOAL aggressive locking profits
4TH GOAL tight stop loss when your above to reach a strong support and resistance.
Today we are going to discuss one of the technique that will improve our trading and remove all emotions during trading.
SET AND FORGET!
Yes you set your rules, you enter the trade and let your trade plan works.
This what i am doing now. Before looking at the chart the very first thing to do is look at daily time frame + 200 EMA.
THIS WILL BE OUR BAROMETER. If bars are below 200EMA then we are looking for a sell opportunity. If the bars are above EMA we only look for the best place to buy.
After you enter the market with SL and TP. Close the platform for 4 to 5 hours.
1ST GOAL is to break-even.
2ND GOAL locked in profits.
3RD GOAL aggressive locking profits
4TH GOAL tight stop loss when your above to reach a strong support and resistance.
TRADING ANALYSIS - USDJPY1H PARABOLIC SAR
Our parabolic sar EA open its trade and manage to reduce risk to -30
Our expectation is new structure low.
Our expectation is new structure low.
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