This is my personal blog, citing reasons for my buy/sell on certain currency pairs. What gets recorded, gets reviewed. And with each revision, I will be able to learn from past experience, and to avoid making the similar mistakes.
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Sunday, 4 June 2017
Week of June 5th
Monday. Not supposed to trade on a Monday. NOT SUPPOSED to..since price always made false move in the morning a nd then reverse it all by afternoon. But having waited all weekend for Monday to arrive, it is extremely difficult to keep my hands off the keyboard. I need to find something to do, to occupy my time, in order to safeguard my account balance.
The above is FXDD demo,..weekly timeframe. Based on the info in white box, I triggered :
a. SELL on EUR/NZD, 10K... continuing my last week's short bias (could be a mistake !! I should start each month afresh !)
b. BOUGHT AUD/USD, 10K. Last week was a green doji, and price at support. Thought, it it time for it to move up.
It was only after my orders,.. that I moved in to 4Hr timeframe for both, and included am EMA200 on that 4hr timeframe chart.
THEN, i realised,.. the pair I shorted,..is stilling above the 4Hr. Bad sigh,..and the pair I longed, has EMS200 just above it. Bad sigh.
I really have to close my eyes and have both pairs makes it move based on Weekly timeframe.
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June 12, reviewing last week's pair.
Look at the weekly chart. My assumption on its move was spot on... but I did not fully harvest this corp becoz I pulled it out before it was riped. My earlier action had resulted in lost of opportunities. I really do have to find something to do while the market move and not get emotional while staring at the screen.
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