Thursday, September 09, 2010

Trading up-dates

Had some pips from my last week's USD/SGD forex pairs on last Monday evening when the trailing stop was triggered, still a few hundred $$$ profit but on Tuesday....it went higher.
No trading on Tuesday...and on Wednesday, went long again for EUR/CHF pair and this time managed to ride out at least the bulk of the run and added nearly a grand to my profit. Today....kena stopped out on a few small trades but still holding on to my main bulk of my trade USD/SGD - 3 std lots which I picked up when it went south from 1.344 to 1.341. Wah...but then it went even lower to below 1.3392, lucky didn't kena stopped out yet as my stop-loss is at 1.3385. Now at 1.30am it has recovered back to 1.3426/32 and there are a couple of hundred of profits for my account too. Not about to close...as I have been aiming for this trade since I sold off last Monday and now I am getting this pair even cheaper. My cost - at around 1.3418 as compared to my last entry at 1.3455 that is why I won't "chicken too early" and will give this pair some running space.

For HK stocks....managed to make back some losses too so on the whole, it is a reasonable profitable week for me. Hope I didn't speak too soon hehe!
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4 comments:

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

Yes, I am on the learning curve and I find the hardest part is to control my emotional to enter and exit too early esp when I am too free and spend my time watching the pc.

The next failure is that I would force a trade just to get some excitement haha and most likely to end-up loosing some pips.

This week...no different but I tried harder to prevent the above mistakes and I must said that it helps my account.

10:47 AM
wINtoTo N aLSo 4D...yEAh! said...

Yes...this Henry Lui's site is pretty interesting and I am reading more on his in-sight and signal.

Must learn from his expertise esp on trading on News!

I am too lazy to read esp forex books....too dry and technical, therefore I am still trying to understand his signal and in-sight regarding his trading style.

10:51 AM
dan said...

it is a game of nerve,patience and intuition as much as it is about knowledge of markets and business.

1:04 PM
Reulet Valerie said...

What did you just say? Is of himself?? Who is of himself anyway?!

4:55 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.