Over the past 2 trading days, there are some interesting developments in GBPJPY. It seems to be holding well at resistance level, and who knows, it might be ready to break away from it. This is what I see now. What do you think? (click the image to view chart)
Oi! Enough? Are you done?
That’s what I see from the chart of GBPJPY. In fact, this pair was not in my radar. Thanks to the tweet from Casey Stubbs. So, what do you think now?
Here are some technical statistic:
Joe Ross posted a link on twitter with title ‘A simple Idea to improve your trading’. I thought it is a good reminder to all my readers here. And I certainly agree with the quote below, and being disciplined in trading methodology execution was and is the key of my consistency.
I feel certain that my discipline in executing each and every trade according to my trading methodology is the secret to my success. If you want to improve your trading, what you need to do is very simple. Before you enter any trade, imagine that you will have to explain this trade to a panel of your peers, by explaining to them the reason for your entry, your money, trade, and risk management guidelines, and why you exited the trade. Imagine having to explain why you chose this particular market and this particular time frame, along with how you set objectives for the trade, and how you determined where your initial protection would be. If you can truly do this, I strongly believe that you can be successful.
This is 240 min chart of GBPUSD. I have no position at the moment, but I am a little bit bearish. Is it going to break down further? What do you think?
Here are some technical statistics:
It had been two tough and dark weeks for me. But, I reckon the worst is over. If you follow me on twitter, you’ll know what I am talking about. There’s nothing worse than looking at your loved ones falling sick, lying on the bed. Well… I don’t want to repeat and recall that. Let’s say, all is good now.
So, what is next for me? Exciting, and challenging. I am finishing up my current day job at the end of this month, and due to some family health issues, I am required to travel around Indonesia/Malaysia/Singapore/Australia for the next 6 months or so. Well, trading is the only thing that I can/I want to do under this situation. Is this called full time trading? Whatever, I don’t care. Bottom line is , I will have more time on market research, and trading, but, in different countries. I am excited about this challenge. But, I still want to call Australia home. I just love Melbourne.
You’ll never know what life is going to offer you tomorrow. So I choose to enjoy the challenge. There are still some small issues to be settled, and I should be back to action next week.
It can be tough, tougher, or even the toughest. But there’s no ‘toughester’, so it will be better at the end of the day.
Have a good trading week.
OK, I am not an affiliate of MB trading, but I use Metatrader for charting purposes. For Metatrader fans out there, MB trading is now accepting live account application for Metatrader 4. The reason I care to mention MB trading here, on my very arrogant blog, is because of direct ECN connection and execution they have offered. However, there are complaints about their commissions ans swap rates. So, it depends on what you really need.
Check out MB trading website by Google MB Trading.
