Here is the:
aud.usd H4 chart;
aud.usd and nzd.usd seem have the same reaction as they are brothers lol… so the plan is similarly.
Good luck!
If you have a different idea, please tell me…
Here is the:
aud.usd H4 chart;
aud.usd and nzd.usd seem have the same reaction as they are brothers lol… so the plan is similarly.
Good luck!
If you have a different idea, please tell me…
Hello All!
It is impossible to say when to buy or sell or stay away base on what i think rather than based on what the market is.
I would rather stick with the one with more percent of possibility
An update of NZD.USD
Keep analyzing make me think about it more seriously, so i can make a few pips a day…
Happy Trading.
Hello All!
The Trend line On H4 Chart may act as a resistance, so i use 30M chart to see the potential of it.
The plan for this pair is watching now…
Happy Trading
aka
it is midnight and i still work hard…for my lamborgini or maybe a Model X…lol
SEll or Not TO SEll, I should wait…
The MT4 chart look too bad…
aka
To Me!
It was a busy week with so many things which would were flying in my head on the time…
[U]First, I should always focus on my most important tasks[/U] so I can have time to do many of my To-do-list since I am too young…
[B]Second, Even I won, it does not mean I am good Trader[/B], may be just so so, who’s care!
It was all about JPY…
When it was droping down almost 300 pips in just a minute, I was in front of the screen, and was eating…and had 2 Sell Positions.
I was thinking that it can not make it as my Sell plan.
At that price level, it would go up or down… or not…lol, but it seem it could not…
So I close one with a few pips. Then gonna close net one, and It dropped down like it was no tomorrow…It got my target, 76 pips,
[B]But, My Brain was freezing…and I could not even think.[/B]
[U]What if i was on the opposite side? I thought that I would catch the bottom…and then later burn my account.[/U]
So, I should take time to think about it…
Summary: +1.3%
Trades: 11
Lessons:
That’s it…
aka
aka is coming back!
Goals of the Week:
Analysis:
1. AUD.USD - BUY CONDITION - in or not?
2. NZD.USD - SELL??
3. EUR.USD - SELL?
4. GBP.USD - SELL - I’M IN
5. USD.JPY - BEARISH CONDITION
Since i feel that the 4 other pairs are more beautifull, young… so i do not want to hang out with Japanese girl this week any more…lol
Priority: GBP.USD , AUD.USD, EUR.USD, NZD.USD AS TODAY CONDITION…
Good luck to Me.
aka
It was a busy week with so many opportunities but i could not make any pips.
I got a stop loss for GBP.USD: 80 pips, so I did not want to re-enter my trades again.
I also made a terrible mistake when I tried to play a Supports with AUDJPY. I got my lesson that I lost 10% of my account.
It seems I should spend this week to adjust my plane if I want to become a real Trader.
Analysis for this Week:
Good Luck to Me.
Hello Anhmap, which trading platform is this?
anhmap is coming back!
@ Heaveneze: Free version: FreeStockCharts.com - Web’s Best Streaming Realtime Stock Charts - Free
I could even smell that this week would have many opportunities, let’s see!..
First, I spent a week to review and adjust my trading plan to fit my personal trading.
My Trading PLan:
It seems it is a lot, but I have to do it to become a Profit Trader.
My Week Analysis:
2.EURJPY
It is enough for a busy week…
Good Luck to Me.
anhmap
It was a busy weekend but then I finally came back to my routine and my long term plan.
GL to me.
anhmap
USDJPY - Im in.
USDCAD - Watching: Decide after the BOC volatile.
GBPUSD
-Not try to play both sides this time because I want to keep it simple. If price break up the trend line, I will stay out for another opportunity.
-Stick to one plan make me easy to manage my plan.
After testing my adjust trading plan above, I think that it work very well.
Come up with a plan is just 40 % of the trading, 60% of trading is about how to implement that plan to Trade.
I also need to analyze the market after I place a trade so that I can adjust it quickly because Forex is so uncertain.
When my money is still in the market, it means that it still be risk.
Apply to future trades:
Week Analysis:
GL TO ME.
anhmap
It was an entertainment week since many opportunities just show up, and I got some pips from my previous plans. Thanks for my hard Work.
I rarely adjust my analysis at middle of the week because I want to be relax and calm down to do it
at the Sunday Evening, when I refresh my mind after a busy week with a full time job and so many things…
Thanks God, I have not found my girl yet…lol
By that I will minimize the push to try to come up A Plan when there is not…
But, then I come up with a bunch of plans so to be prepare for Forex uncertain. Everything has exception…
Put a pin to those plans, and wait if it works or not…
Because of the news volatile of this week, I decide to close all my trades relate to EUR, USD with the old plans.
With the news plan, will test it with a small size.
USDCAD: CANCLE PLAN
GBPUSD
5.NZDCAD Not very bad plan to avoid the news volatile.
GL To anhmap
Summary: Percent Profit & Loss: - 2.3%
[B][U]Lessons:[/U][/B]
[U][B]THINK[/B][/U]
It is easy to say Cut loss early and Let profit run but it is very difficult to apply it.
I defines the risk is that I have not close all my trades or I have not move the stop loss to break even because the Forex market is so uncertain which the winner becoming the loser is just a second… .
Becoming a Trader is a difficult path for me. When I began learning and trading three years ago, I thought that I would be rich soon.
The idea was that I would quit my job and became a Full Time Trader, so I could travel around the world and still making money…
Right now, I am laughing to that idea…lol
It is not that easy, because I can not predict the future nor I can not predict the Forex market.
I won some trades, and then I gained some confident…and then I over traded to try to be rich soon.
I lost some trades, and then I over traded to try to get my money back…
After three years:
The reality is that, I am still learning right now, and the profit I make in Forex is not what I expect.
[U][B]GOALS:[/B][/U]
Lesson:
All Traders are waiting the News on WED, THURS, and BREXIT…Should I join them???
High Risk, High Yeild…So be Prepared.
Adjust to Trading Style:
50% TIME to Trade Longterm:
50% TIME to trade Shorterm:
So far, my new Trading Style has a result very good.
Still apply my trading rules for every trade I made.
For Day Trading: Only Trade NZDUSD: H1, M30 Chart to find the trades.
For Long Term: GBPUSD, EURJPY, EURUSD, USDJPY, AUDJPY, AUDUSD DAILYCHART to find the trades, may use H4 Chart to Enter the trade.
7 pairs are enough, so I do not need to analyze other pairs if there is no opportunity.
For Day Trading, never adjust the stoploss, so do not put the stoploss too tight.
I have to take time to cool down my head after a trade, so I will be refresh for another.
- Lower my expectation, Try to follow the Trend, and do not try to have a perfect Trade.
1.1 AUDJPY UPDATE
It was a Volatile Week…
-EURUSD, GBPUSD: Buy(60%)
-USDJPY, EURJPY, AUDJPY: Strong Sell
-AUDUSD, NZDUSD: Neutral
It was easy to make conclusion after the story, but when I was in the game I had to guess the story or follow the story based on what I know.
[U][B]1. Long Term: [/B][/U]
[U]Lesson:[/U]
[B][U]2. Day Trading[/U][/B]
[U]Lesson:[/U]
[U]Summary:[/U]
-It was difficult to say Buy or Sell in one Time Frame at a specific time or specific level because of Volatile. It is good to see the Trend in the longer Time Frame and apply it to day Trading in shorter Time Frame.