Hello world, how are you today, the sun still shy to show face, the cloudy cover the sky make low opacity.
Today come back again to my trading journal, here I want to write what in my minds along trading with FXOpen.
I am sure FXOpen is good broker, however my skill trading seems still so hard to make consistent profit here. Yesterday I tries buy on gold but eventually still get fail and hit stop loss.
However, I realize if the loss is part in trading, it can happen not only for me but also for other fellow traders. Although there are some traders who always show a profit in the crowd and hide losses from the crowd because they have hidden agendas.
I don’t like that, I just write whatever occurs in my trading, loss is loss and profit is profit, no hidden result just to show the perfections.
Hello world, how are you today, the sun seems shy to show the face, cloudy around my place.
Come back again to my trading journal with FXOpen. I just open few chart today and watch XTIUSD or oil still continue dropped to lowest price since 2022. Gold price in the consolidation since strong bullish.
EURUSD also yesterday dropped heavily from upper band to lower band, and today I try open buy on EURUSD
Hello world, how are you today, the sun is still shy to show its face in this morning, The incoming fog obscures the view.
Back to my trading journal trading with FXOpen broker.
Monday market, there are a gap occurs in several pairs including EURUSD, and also GBPUSD. However, the price already tries to recover the gap now.
My eye also watches gold, I see gold price already move so high in the last week, it is formed a long bullish candle and formed a new high of 1998.88. Now the price tries to retrace.
Not yet open any trades today but still left one pending order not yet hit.
Good morning world, the Sun lighting the earth today around my place, and yesterday’s rainfall is medium intensity.
Back again to my trading journal with FXOpen. I want to write anything here about my experience and opinion in the forex world.
Life is like a rounding cycle, sometimes above, and sometimes at the bottom, like as the prices of forex itself, sometimes up and sometimes down.
In the business, it is possible to face difficulties and easiness depending on several factors like the condition market, analysis, time, etc.
Some trader may be in desperation because failure, it is a common thing that happen among peoples, however, it is not about failure as main point, but how to wake up from a failure.
It is not easy for some people after dropping in failure and then waking up in near time, sometimes need more longer time to wake up. But this is a process, failure is not the end for everything, as long as we can breathe, wake up and try again to keep struggle will bring us in the last finish.
Gold price already reach 2000, however the pullback now bring the price back to 1881
Good morning world, how are you today, I see the sun still shy to show his face, cloudy above the sky, there us fog on the horizon.
Back again to ,my trading journal with FXOpen. Here I will share anything as I know about trading, from experience and learn trade.
I am still focus on Gold, yesterday I have one buy order in this metal commodity, however the price now I see dropped, maybe because Credit Suisse trying to help financial bank collapse calmed fears in financial market, Gold depcreciated to 1942 as previous hit high 2009. Gold probably still good for long term amids financial system problem.
Good morning world, how are you today, entering Ramadhan, all Muslims do fasting, and happy Ramadhan Kareem for all Muslims.
Come back to my trading journal again in the babypips forum.
Forex trading is a risky profession, it is possible to make a hundred percent profit in a few months and get a margin call in only a few hours. Money management and risk management actually important but not all traders like this.
Trading with big capital is indeed different compared to using small capital because with using the smallest lot size of 0.01 the power of margin level is strongest than using small capital.
Now my account dragged in the floating loss on gold, the price movement is very dynamic, and sometimes I make a mistake chasing the price because of fear of missing out, this still becomes a big problem in my habit. Just follow the rumored gold will be a good safe haven amid bank collapse then buy gold where the price is already at the peak.
Hello world, how are you today, the second day of Ramadhan, happy fasting to all Muslims.
Back to my trading journal with FXOpen, here I want to write again a little note in the trading journal.
Mistakes are a common thing in life, in addition in forex trading, amid uncertain market conditions, the mistake could happen again and lead to losing trades.
Now I have an active order still on gold and I see the loss floating, The mistake is I take the price when on the peak, and then the price dragged into loss floating.
Before making entries I get the news a rumor that gold is a safe haven amid bank problems, however, the Fed again hiked the interest rate to 25 bp, but I see gold drawing to rise and near to my entries again.
Hello world, how are you today, I see the sun lighting the earth around my place, with no cloud above the sky.
Back to my trading journal again here, write anything about trading activity. I try to monitor some pairs like XAUUSD, and XTIUSD, I see the gold price drop again yesterday while the Oil price rallied and formed bullish candles, this makes a wonder why the gold price was down and the oil price rise, it was like a negative correlation between the two, I read analyst says about fears band eased make oil price rally, while this not good for gold maybe because confidence to bank increase and less good for gold.
However, I think not always it is become the right answer because in fact there are so many factors inside of market change.
Today I try to put the pending order sell limit on EURJPY, My reason is that yesterday’s price formed a bullish candle and already touches the resistance line MA 50.
Hello world, today come back again to my trading journal with FXOpen.
Yesterday I trade on EURJPY, this pair hit my pending order, unfortunately, stop loss also hit and my risk plan already finish.
Look on the chart, EURJPY breaks the upper band line and increases volatility in the M15 and H1, and buyer sentiment seems to dominate the market, It tries to put a buy limit just try to follow the flow.
The buy limit at 142.225 and the stop loss is 142.125, it is a tight stop loss.
Hello world, how are you today, the sun still shy to shows his face, the sky cloudy around my place.
Come back again to my trading journal, here I just want to write anything about the trading activity with FXOpen broker.
Profit and loss is always occurs in forex trading transaction, there is no perfect analysis able to predict exactly what the price will be ahead.
Today open the chart MT4 terminal platform FXOpen, yesterday I put the order on EURJPY and eventually hit taking a profit. I only set a small tp yesterday as many mistakes if setting too large a target, this could be a learning process in trading, although EURJPY is strongly bullish but should accept the small profit as the target.
I am not yet making a new bet now although EURJPY in M15 is already a near the lower band.
Hello world, come back again to my trading journal.
Trading forex is fun, although the risk involved in trading and not yet becoming successful traders like others, however in the day market, always open the MT4 trading platform and monitor the chart.
If we read the chart in pairs, the price is always up and down and records price histories, when we analyze the flashback market in histories, seems making a profit is easy, we just pointed the mouse here, put the order here, and set the target here. However when we face real conditions, it is a different situation, there is a doubt to decided what the trend will be, however, if we already have a strategy in our plan, it is not a big matter, we can place an order when our signal confirmed out from profit and loss will be obtained.
Today my eye sees on the Gold price, I see gold price still traded in the range, and I have floating order since 20 March till now still not yet hit stop loss or above profit level.]
Hello world, how are you today, I see the Sun rising high and lighting the earth, hot today around my place.
Come back again to my trading journal with FXOpen, just like as always, here I just write anything about the trading activity with FXOpen broker.
Now already April has come, the FXOpen forum held a new contest to continue the previous contest with the theme " Catch ZERO Spreads Contest - Season 7" the contest is pretty simple, the participant just need to open TickTrader account and take screenshot zeros spread in the platform.
Back to the market, yesterday I have a position on oil price and gold, Gold order already floating in several days eventually hit the target profit and closed by the market, while the oil order hit stop loss because the oil price still rising and consolidating in the trading range, my prediction is wrong.
I see on the H1 timeframe gold price is in a sideways market and has not yet opened any trades now.
Hello world, how are you today, the Sun still shye to show his face around my place, the fog scatered above the sky.
Come back to my trading journal.
Yesterday I am not yet open any trades, and I see gold price movement still having tendencies to bullish, but still dount to open trades on gold because the price already in high.
Today I move to EURJPY, just trying to open pending order sell limit 143.044 and sto ploss 143.235 target profit 142.723.
Hello, world, today the sun rises above the horizon, crowding people on the road going to work.
Come back to my trading journal with FXOpen today. On this Monday open, no gap occurs I see in the chart, my eye comes to GBPUSD on the M5 timeframe now, and I see the price already breaks the upper band line, I just think the price breakout will bring the price rise up higher. I open buy with tight stop loss. However, the dynamic market lead me to the wrong prediction, accept the loss because the price eventually declined and reached a lower band line.
Hello world, how are you today, still in Ramadhan near the end of month.
Come back again to my trading journal with FXOpen.
I see today’s crypto pair BTCUSD move higher and already reach a 30k level price, three days raws the king of crypto rising high and broke the 28k level price to draw a new high. RSI already shows an overbought zone level now but seems the price still rising.
While in the H1 timeframe, BTCUSD moves in the trading range between 29976 and 30537. I am not open trades in this pair, while the gold price also formed a bullish candle yesterday, I try to set a pending buy limit and hit a stop loss, because the dynamic market on gold is high volatile.
Now try again set pending order on gold.
Hello world, how are you today, the sun seems still shy to show its face.
Come back to my trading journal here to leave the track in a trading journey with FXOpen broker.
Yesterday I put a pending order buy limit on gold not hit and eventually, I cancel the order. In yesterday’s market, Gold price moved higher and hit a new high of 2028.25 after CPI data has been released, CPI is important inflation data in the US, and besides the effect on gold, another pair also has higher volatile after the news, like EURUSD, GBPUSD, including oil price. However, the gold rise then rebounded and formed a low in 2001 one hour after the news.
Gold price now tries to rise again and already move above the middle band line, the resistance target is roughly 2021 near the upper band line.
Hello world, still in Ramadhan Kareem, amid ten days end of Ramadhan, wish all health and get a blessing from God.
Back to my trading journal.
Gold prices eventually continue to rise and formed a new high of 2048.50 and retrace to a low 2039 level price now. Yesterday I tries to use instant market orders on gold and set a tight stop loss. However, the trading ended with a hit-stop loss. Here I make some notes for traders who trade on gold. This is highly volatile pair, it is better to set pending order to adjust the risk rather than chase the price by use a market order.
Gold price not always moving uptrend, if a downtrend occurs can large wave occurs, stop loss is very essential to protect accounts from big losses in single trade. Trading gold is better for the short term and has an average target, if already reached the target stop trade and hold hand to open new entries although the market seems very easy to predict. When facing successive losses, stop trading too because the next decision is usually based on revenge.
Hello world, today hot around my place, the Sun lighting the earth clearly, no rain for several days long.
Back to my trading journal with FXOpen.
Today my internet connection speed is slow, Visit the forum quite longer time to load.
Open MT4 terminal, now I see gold price already dropped near 2002 after hit the highest 2048 last week, it is higher volatility contains the risk. If we think gold prices always rise and rush making entries, dragged-on gold will give big loss because this pair has a high movement of more than thousands of pips.
However, trading with high volatile trading pairs is also very interesting, because when obtaining profit will quickly hit. Today I just think time to buy on gold
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