Gold is bullish!

Yosh!

Finally my wait is paid off! I was waiting for Gold to go up and finally it does! Look at below chart:


Since last week the price of Gold was below the trend line and finally today it breaks and might start a new trend. As soon as the first candle opened above the line, I opened my buy positions. I'm expecting it will go up around $ 20 - $ 26 (2000 - 2600 pips). We'll see how far actually it can go :)

Update: February 14, 2008

Yosh!

Updates from last week's trading ideas:

GOLD
Buy @ any price
TP @ 936.00
SL @ 883.00

The price don't reach my target (yet), but I closed my positions when they are around 2000 pips. Now the price is down, might be there's opportunity to buy again.

AUD/USD
Buy @ any price
TP @ 0.9043
SL @ 8874

Reached my target :)

Sorry guys, no trading ideas this week. We'll see next week, if I have some time to do my analysis.

Update: February 8, 2008

Yosh!

I wanna put some update here, previous trading ideas:

GBP/USD
Sell @ any price
TP @ 1.9211
SL @ 1.9957

I wanna dump this idea, waiting for long signal next week.

GOLD
Buy @ any price
TP @ 936.00
SL @ 883.00

Still holding my 2 positions @ 904.85 and 904.65.

AUD/USD
Buy @ any price
TP @ 0.9043
SL @ 8874

I opened a long position @ 0.8948 and now it is about -30 pips but still hold the position.

What a Big Miss!

Yosh!

I don't do anything with my trades today and what a big miss!

Previous trading ideas:
GBP/USD
Sell @ any price
TP @ 1.9211
SL @ 1.9958

GOLD
Buy@ any price
TP @ 936.00
SL @ 883.00

I didn't open any sell position for GBP/USD and now the price is around 1.9400! And my GOLD trades don't turn up well, but still I'm going to hold that position since I'm quite optimistic with that idea.

Never mind, congrats to those who opened sell position(s) after reading my post yesterday :)

Update:

I only trade what I see. I was looking at the other pairs, and guess what? Here's new trading idea!

AUD/USD
Buy @ any price
TP @ 0.9043
SL @ 8874

Honestly I'm not really sure with this, but, who cares? :p

Exit Trade, Change Course :)

Yosh!

Previous trading idea:
GBP/USD
Sell @ any price
TP @ 1.9211
SL @ 1.9958

I opened sell positions @ 1.9637 and got 37 pips from that and another sell position @ 1.9610 and got 10 pips from that. Based on my analysis I know I can put another sell position but I'm not interested. I found a new opportunity in GOLD. So here's my trading idea:

GOLD
Buy@ any price
TP @ 936.00
SL @ 883.00

Update:
Opened 2 buy positions @ 904.85 and 904.65.

Yosh! [part 4]

Yosh!

Nowadays I feel like it is so hard to live just because of my problem. Everyday it will haunt me like hell and I can't get rid of it from my mind.

I tend to be at my friends' room, to play Warcraft III: DotA and to talk about business. Yesterday I revealed my problem to one of my friends. The problem still there but I feel a bit relief. I hate this so much because it is affecting my study.

What ever it is, I still have the mood to teach the public about forex trading and I set up an online class where I put my notes there. Now I'm teaching how to use the well-known forex trading platform, MetaTrader 4. I try to make a simple as possible and put screen shots to show step-by-step how to use it. At the same time I still conducting my forex trading personal coaching whenever anyone wanted to learn how to plan their trades properly.

I think maybe next time I would put some of my trading ideas here, we'll see if I have the mood to do so. Sometimes I don't have enough time, sometimes I was busy doing something else. We shall see about that later :)

Update:
I change my mind. I made a quick analysis (means not really reliable for the time being) and here's my trading idea, I have no idea whether it will hit the target or not :p

GBP/USD
Sell @ any price
TP @ 1.9211
SL @ 1.9958

Mooting :)

Yosh!

I'm quite in a good mood today even though today my life didn't start very well. It's all because of my mooting class. If you have no idea what mooting is, it is a trial at the appellate court level, where there is no witness or evidence but the counsels (the lawyers) would argue on the grounds of law based on the undisputed fact of the case. And I'm the senior counsel for the respondent.

Today is my first submission, basically I have only 1 case and 1 treaty (it's a reference relevant to my case) to support my argument. I borrowed another two from my classmate. I didn't prepare my speech. When the senior counsel of the appellant presented her submission, I just listened and jotted down all authorities (statutes, cases, etc.) she was using. Then guess what, I used all her stuff, against her, showing to the court the right application of the authorities and I even showed that one of the authorities was not relevant!

In the end, I still got good comments from the judge, telling me that I have a well constructed speech (even though I didn't prepare it in the first place) and the judge give her decision on my favour (even though the junior counsel didn't perform well). All this things make me feel very good about myself, and at the same time, give me another ground why I should not quit my study - I have the skill to become a lawyer.

I didn't mean to brag myself but I think it's also applicable to everybody. When you feel like you are good in your field, you will tend to choose to stay in it. So here's the conclusion: I have the skill needed, but I don't have the interest to learn the law. If I quit my study, that means I do not appreciate myself. Argh, what ever!