Thursday, May 20, 2010

Forex

This week...managed to score a couple nice trades on Euro/USD pair. First trade was on Tuesday...which I trade "long" and after I closed the trade after 3+hrs with more than 200+ pips positive, I was able to get a grand of profit.

Then...today, I went "short" in the morning but it went the other way. But after a couple of hours later....managed to show a 30+pips profit and since I am working night, I decided to close it and went to sleep. Another couple of hundreds in the pocket. Oh....forgot to mention that I was following the guide from the Forex team
of MF Global. Helpful...and if there is no set-up for a trade then I just go for my daily swim, feeding fishes, sauna, spa treatment and facial ( the latest 2...was my
latest fun activities from the old spa package which I bought but not used in 2008 hehe ). wah...can get addicted to that :)

Tomorrow...my plan is to just go and sleep, will only trade come Monday. Just too much are happening...and may need time to understand the situation. Only advice is
to stay away from the market and hold cash. Best to take a wait and see before doing
any more trading...be it forex and stock. If need...safer to go "short". Period! And with the Euro getting back to 1.25+ level....this is the set-up I am waiting for....
so I will shorting again. hehehe

1 comment:

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

yes...I believe it is best to stick to doing the things one can understand better.

in this case...I trade mainly in euro/usd pair and if no set-up I won't risk a trade.

just walk away...and come back later. I am fine with no trade.

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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.