Here is the trading secret: ‘Never chase a trade’… enough ? ๐
GBP/CHF and USD/CHF were in my watch list today. However, the market decided to run away without me. So no trade for Thursday. Well, It is not a bad thing. It is always good to give myself some time to cool down after a losing day. Anyway, I was enjoying the Australian Open! Ana Ivanovic rocks. Basically, I would say Serbian players rock, they are playing pretty well recently.
Uhm..before I forget again, here is your favorite trading secret ‘Always respect your stop’. …cool? ๐
Darn! It was a tough Wednesday for me. I shorted GBP/JPY and EUR/CHF. They moved nicely initially , but stop me out around opening of U.S session. So, two losing trades, -2R. Forget it. Anyway, YEN is providing some trading opportunities recently, maybe , have a closer look during Asian session might give you some hint.
Tennis! Maria rocks! She was so cool and sharp on the court, and now moved into 3rd round of Australian Open.
I did not make any day trade on Tuesday. The only interesting candidate was EUR/CHF, and heck I did not put in order. My fault, I was watching Australian open on TV. ๐
Just how cool is Roger Federer. Though there is nothing new about his win, I like his composure on the court.
Ok, here is my ‘Watch list’ for Australian Open.
Long Roger Federer
Long Justine Heinin (I double the R size, on this trade)
Short Lleyton Hewitt (I double the R size, on this trade as well)
Short Venus William.
other potential Long: Novak Djokovic, Maria Sharapova (oh Maria~)
Long target: End in Final, Short target: out before Quarter final. ๐
Uhm…that’s my swing trade positions for these two weeks. ๐
I wanna write a short post because I think I might bring some troubles to a friend. He was kinda influenced by me and now keen on currency trading. Without any trading background, though I have advised him to start with demo if not mini account, he started his first trade with a full lot. And , God blessed, it was a winning trade. But, this might be a worse start. Who knows. I am not sure how is he doing now.
Of course, I hope he makes a fortune in currency trading. But, this gives me a lesson. So, from now, I will never talk about trading outside this blog. uhm….
I made a peanut trade today. I earned peanut. +10 pips :o: Oops, before I forget, here is the trading secret again “Go long when the market is moving up”. ๐
OK, back to business. I saw a nice long setup in Kiwiย (NZD/USD), I went long. It was moving pretty nicely, but the pull back in hourly chart was a little bit err….. anyway, I closed the position before closing of U.S session (8am Melbourne, Aussie time if you wanna know) and head to work. Uhm..a +10 pips trade.
Here is the …………..CHART!
[photopress:NZDUSD14Jan2008.JPG,full,alignleft]
Another trading idea comes out from my coffee cup. I see a stronger Aussie dollar. And EUR/AUD gives a shorting opportunity. What do you wanna do? Uhm…..
Here is the ย ย .daily CHART!
[photopress:eurauddaily14jan2008.gif,full,alignleft]
Let’s take a closer look….
[photopress:euraud4hourly14jan2008.gif,full,alignleft]
