Transaction

hm... this is an impulsive trade.
First trade on minor pair.

Base on 1 hour chart divergence.

GBP/JPY short.
Short at 173.32
SL 30 pips
TG 60 pips / close after 1 hour.

GBP/USD on 6-Aug-2014

Market retest support level near 1.6810, rebounded.
from intraday chart, there's a XAB, hitting 2L.
Currently the 50% retracement has completed market could go up to 1.6930 level, but I hope market to trade sideways before hitting target 1.6930.

Trading Plan:
Pending Order to Long GBP/USD at 1.6830.
SL 1.6800 (30 or 40 pips)
TG 1.6930 (100 pips)

1.6930 is also the resistance in 4H chart (EMA50).

Cheers
Ayumi

Follow Up 6-Sep-2013

I posted an update with my iPhone using Blogspot mobile app but unfortunately it was not being published.

I then discovered blogspot mobile app has an update.  The last time I have missing post was during mobile app update too.

= =

Having been away for 2 weeks without much update, I can see that my forecast didn't go too far from my usual performance.

Forecast Gold to fall during Monday is good, entered Long at 1375, Stop Loss at 1/3 ATR (lowest $1373.74), took profit at 1410 is a safe trade.

Enter Short at $1410 is a bumpy ride, as market reaches to 1416.30 highest (almost hit stop loss price $1417.00) and return to the weekly opening price $1382.20.

Took profit and market continue diving down.
Gold is trading at $1372 region.

Refer to my weekly forecast, if market break below $1375, next strong support should be $1340.




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DJIA on Wed 17-Jul-2013

little joy~

please come down summore~~
Good SL at 15550, moving down.

Forecast still valid.
I maintain my bearish view even though Monday market go 1 point above previous high.

Transaction

I went out for beer with colleagues last night and 4 of us played cards and we played the "lying dices".

It's amazing to see how some people really know how to con the others. Well it's just having fun among friends and colleagues.

During the night, I turned on Interceptor and found US30 (YM or DJIA) has tested 15000 level and stochastic level went high.

And, I placed a market order to short, giving 50 pts stop loss, reminding myself of the day range is 200-250 pts... Market might go higher to 15100 then I will give up shorting.

So i think it's reasonable and justifiable to short.

Order closed just now. Made 71 pts by shorting.

Order ticket:



Side track a bit for my early week activity.

I had fun in Penang island. Had some nice hawker food.

Went to this Sisters' Fried Kueh Teow this morning.




Sisters fried kueh teow.
And we ordered food from other stalls, they are generally good, especially the Penang Hokkien Noodles (red soup is made of prawn), the red drink is nutmeg, u should try nutmeg if you come to Penang.




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Gold on Fri 28-June-2013

Long Gold
Entry: $1215,
Stop Loss: $1205 ($10)
Target Exit:: $1250 ($35)

DJIA update on 5-Jun-2013

EMA50 (4H) work very nice tonight.
Position closed with ATR(9) 135 pts within 1 candle (4H).

Resistance 15260 pts
Stochastic is relatively low now, market might go thru a series of swing.
Preferably resisted below 15250 to confirm reversal down.
Target 14900 pts, ultimate target 14750 pts. 

Learn from Losing

Nasdaq 100 on last day of the month.

I initiated a short trade.
Based on the understanding of the end of the consolidation, from a smaller time frame.

I am not a master of trend line.. I don't trade with plotting a new diagonal lines then call them support / resistance, that's not me, but the pattern does suggest a little consolidation and it might end soon.  This is what I see.

while it might have a little range to go up, I wanted to bet on the shorting opportunity.

Market Entry initiated.
SL near previous high. 3020.

Obviously, like the trend line I set earlier.. market did has some range to go, and it reached highest 3023.
Before coming down, dive even below my short trade target.

Overall, this is what happened.

I am 1-2 hours early to enter to this short trade.
Did I make a mistake?
How do I time more accurately, how to improve?

Please enlighten me if you have any.

USD/JPY on 2013-04-23

This is scary

Can u see the long shadow in one of the 30 minutes candle?

I was having a Long position.

I was tired and sleepy.

And luckily I moved stop loss to entry, came out of the trade at zero profit zero loss.



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Transaction

Short DJIA / US30 (FXCM)

Instant execution 10:06pm (GMT+8) to short at 13980 pts SL 14010 (30), TP 13890 (90) or close by 12am (GMT+8).

Also parked another order to short at 14000 pts, pending.




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First trade 2013

First trade of the year.
My humble beginning of FX (again).



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Transaction

Long (buy) Gold at 1696.05

Transaction

XAU/USD

Short  $1714.63
SL     $1720
TG1   $1702
TG2   $1693

Transaction

Gold on 27 Sep 2012

4H chart
Green line is EMA50 which is the guide line i normally use to identify support/ resistance.




Last done $1756 and it seems market shifted from bullish to correction phase.

This green line which hover around $1760 has turned from support to resistance.



Above is gold 1H chart and u might identify the similar pattern - market is capped below 1760.

I hv entered a short at market ($1756). Looking forward to the south train below 1740.

Gold on Tue 25 Sep 2012

It was wierd, I entered at market to long Gold at $1757.73 (market order, instant execution) and I also created a pending order to long at $1755, but market didn't come down, and started to trade upwards.

Market was choppy for the past 2 weeks, but yesterday it was a smooth one...
Current support is $1755 since market has resumed upward testing this low for 3rd time in a week.

I am looking forward to Gold breaking the top resistance 1786 and trade towards March high $1790 and then August 2011 high $1800.

But, if a retracement were to happen, it could bring Gold down to $1715, then  $1690.
I don't wish to see Gold testing strong support $1675 but this would be the last defence for uptrend.

In summary:
TG2: 1800
TG1: 1790
Daily Target: 1786
Current Support 1755
S1: 1715
S2: 1690
S3: 1675

Gold.. NFP, Euro news...

I wished I could enter, I thought I have got it..
This week, Gold - it just flew, without me in it.

I like about Gold

For the week, I'm drenched in Gold.

Long a few times, triggered stop loss a few times ... I think 5 times in total.

Some stop loss are losses, some are little profit after market moves in favour.

I'm mentally challenged after the last time my stop loss is triggered. Yet I'm still a strong believer that.. Gold could FLY!

The last 2 attempt to Long - Gold is hovering around EMA50 (4 hrs chart).

And due to many times of losing this Long position, fear creeping in... My account is down 30%+

I only have 2 ideas:

1. Just take profit (afraid that they could go away)
So I adjusted my profit target down

2. If the Long trade is gone again and again... Just let the account burn, anyhow, I might need to experience (burning my trading account) one day.

Gold not only surge up 1670, it went up 1690.

I like the mental game, yeah, market not only made it to 2L, but 3L (powerwave), I'm happy for 2 things:

1. happy that my forecast is printed on the chart - and

2. I'm happy to discover that :
my mind is yet ready (i will work on it) - to ride the full wave.


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Transaction

Gold - XAU/USD

I hv an open position last night,
I moved SL to $1656 when I see handsome floating profit while Gold trade around $1661.

My Long position was triggered at preset stop loss last night when I was asleep.

A bit unhappy. Cuz this is the 3rd time this week this type of trade happens. SL is near. Triggered.

This morning when the sky is still dark, and I'm still feeling low - due to the losses, I create a pending order to Long at $1655.

Based on PowerWave method, this entry price should be ideal and my Stop Loss is preset at yesterday Low.

2L target is around $1674, and I preset target exit around $1670.

Waiting for Beige Book news release.



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Transaction

Short Gold at 8:25pm (GMT+8 SG/MY Time)
Short @ $1666
SL $1669 (-$3)
TG $1649 ($17)




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Transaction

6:30pm (GMT+8, SG/MY time)

Short US30 @ 13130 pts
SL 13150 pts (20 pts)
TG 13050 (80 pts)




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