Friday, November 27, 2009

Forex trades

Just before coming to work....just open pc to check what going on with the Forex market with the Dubai debt repayment issue. Also remember that for most of the week, I understand that the USD is losing stream but this being Friday and surely people would want to lock in the profit before the weekend...the USD should be able to recover somehow.
Yes...Eur/USD did went up back to the level of last Friday. Meaning the Eur is falling vs the USD....so, I went short but within 1 min of trade I was down by 10pips. Shit! so I immediately closed position and went in "long" ( remembering the topic of human fear and greed thingy ). And true enough....I was able to close my position with about 95 pips gain hahaha in 10 mins.

This goes to show that....human over-reacted most of the times and once they realised it they tend to react the opposite. Both times...over do it.

So....back to the point of the coming Monday, the stock market here will immediately shoot downwards with the first 20 to 30 mins of opening. If I have not went in, I would have a pocket full of bullets ready to do battle but since I am already in. I have to not over react to the news. But to look for opportunity to cut loss and wait while nursing my wounds hehehe! Sighed....shit!
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2 comments:

wINtoTo N aLSo 4D...yEAh! said...

Confirmed.....sure to kena whacked just by how much. No way to run away from this Dubai issue.

8:09 AM
wINtoTo N aLSo 4D...yEAh! said...

Hopefully this is just a reality check for me....and after this, I should be better prepared to trade better.

After the course....I was like WOW I should have gone thru the course earlier I would have made a huge pile of money during the last couple of years. My friend and her husband won nearly 300K using the system and they were in worst shape than me then.

They are also older and not good with using the pc and they just traded with whatever they had left.

Now with the CFD thingy...I should be much better prepared plus with my knowledge....I am sure to win.

See lor....now! Dubai incident hehehe??????

8:16 AM

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.