While shopping for some fresh fish and vegetables in Victoria market this morning, some random thought came into my head. Why do you fear when holding a position overnight? Because you are not confident or not sure about your setup and strategy. Next, because you are not risking the amount that you are comfortable with. […]
Archives for January 2008
Friday’s trade and mailbag
I did not trade on Thursday, the only setup I have was long USDCAD. However, the setup failed before Mr.Ben’s speech. By the time Mr.Ben talked about further rate cut, I was already in the bed during this hot summer night in Melbourne. I took a Long AUD/USD trade on Friday. Not so good, end […]
Today’s coffee thought
Maybe I had been staying in Singapore for too long, I tend to work or live by rules. Here is something for you to think about. When crossing a road with moderate traffic, would you rather press the ‘cross’ button of traffic light and wait for the green light before crossing? or you will take […]
Wednesday’s Currency trade
Ok, again, I am going to reveal a ‘trading secret’. ‘Go long when market goes up.’ Cool? 😀 Back to business. There were not too many opportunities today. I missed the short of GBP/USD, because I was busy having dinner :o: . I went long of AUD/CAD. Yup , again. I saw a stronger Aussie […]
Tuesday’s Currency trade
Listen carefully, I am going to reveal another trading secret for my readers. ‘ Escape when market does not move in your favor‘. Happy , eh? 😀 Back to business. A contrary to yesterday’s long watch list, I did not see too many opportunities today. I went long at AUD/CAD. But, heck, it just failed […]
Monday…no trade
I was watching a number of short setups, and chose two promising ones. However, none of the orders were triggered before U.S session. So, I will have an early night today. Generally, I saw stronger Yen across market. But well, no trade for me. Ok, here is my watch list if you really wanna see…
