This series of journal is to record my Forex day trade system. I am not going to describe the details of my system, since, it is customized to suit my trading style. Basically, it is a SAR (Stop and Reverse) system. And there is no guarantee of success. Anyway, I made a mistake today, I […]
Trading Journal
My Forex Trading challenge
After spending the weekend to draft out my trading plan, I start my Forex trading this month. I did that before, and now I am trying again with totally different style and strategies. The reason of picking up this trading vehicle again is to utilize the advantage of staying in Asia (since I have no […]
FX trade 29-Mar-2007
As mentioned in my twitter, I am trading spot forex in demo account to get familiar with the platform and position sizing. This is a dummy trade of USD/JPY. Long position was established around 1am NY time @117.1199. Stop loss was set at the recent swing low 117.056. First target of 117.346 was achieved, stop […]
Trade 28-March-2007
I made one short trade on NQ futures yesterday, but I was chopped out. The risk was only half of my normal R. I was trying to join the fun of selling during the second pull back, which was a stupid mistake. No chart here. Ugly and messy. As mentioned in my twitter. I saw […]
JY (Japanese Yen) daily end 22-Mar-2007
I am doing my homework and trying to understand the information I read from OMNI. There is a sell recommendation of JYM7. I pull out daily chart here. This is a trade we expect to profit within the range. OMNI resistance area is around .8585/.8588, profit target .8508/.8511. At least from my limited knowledge of […]
NQ daily chart end 21-Mar-2007
After watching couple of videos of ‘Short term trading with Oscar‘ and heard some good words from Phileo, I start to do my daytrade preparation from daily chart. This is just to identify support/resistance levels and have a view of potential market direction of the day. Here is daily chart of NQ June contract. We […]
