Trade of the Day

Entered EU Long. Trade closed, it is a counter-trend trade. 

Trade of the Day

Red Line = Stop Loss

Black Line = Entry Point

2nd Red Line = Stop Profit

Blue Line = Take Profit

From the chart, although the SHI trend line indicates upwards, but from the other various signals from the indicators, wave pattern, sign of a divergence, and yesterday market pattern, I made a decision to enter short in eur/jpy. 

Update (22:00) : Trade hit stop profit, set kind of high, which I don't really think so (10 pips above pivot line). But well, I'm destined to miss the ride. Congratz to those who are still holding their short trades, enjoy it. 

Trade of the Day

Entered UJ Long, as I saw a divergence formed on the indicators. 

This pair is not as violatile as the usual 3 pairs that I have been trading. Therefore I would not incur heavy losses if the trade turns against me, likewise the same for profits. 

This particular trade is unique, as I relied on the indicators, and the convergence seen. However there was no wave pattern to indicates a buy signal. I decided to make an entry, partly due to the bear trends that had been going on with the other 3 pairs, with no valid wave patterns too.  

Update (17:48) : Decided to close the trade off. Wiser to wait for the open of NY market. 

Trade of the Day

Entered Long again, in EU.

Update (19:40) : Trade closed.

Trade of the Day

Enter Long in EU. 

Update (19:09) : Close trade at break-even. 

The bull only starts its move when NY market opens. Guess I have missed the ride. Luck to those who still keeping their long positions. 

Trade of the Day

Red Line = Stop Loss

Black Line = Entry Point

2nd Red Line = Stop Profit

Green Line = Trade Closed

From the chart, all indicators shown signs to enter a short trade. Furthermore, looking at the black arrows drawn, we can see a divergence formed. It seems as though the bull trend had hit its limit, after the run from the past 2 days. 

Update (17:43) : The trend had turned bullish suddenly, it almost hit my stop loss!! What a close call, the news event at 17:30 knocked the bull out. Will the trend continue to be bearish?? Or the bull shall stand once again??

Update (20:40) : Closed half of my trade. 

Update (22:15) : Hit stop profit. 

Trade of the Day

Entered Long in EJ. This is a counter-trend trade, as yesterday market was bearish. 

Update (19:11) : Hit break-even.

Learning Point: My take profit level had set too high for this trade; TP at yesterday high for a counter-trend trade. Should have closed part of my trade at pivot level, or when QQE turns to red. 

Trade of the Day

Entered Short in EU. Hit break-even.

Not much movement in the market today.

Trade of the Day

Entered a long trade on EU.

Decided to close the trade at break-even, as NY market is about to open and currently unclear on the direction of the pair.