Yosh!
I have a trading idea on NZD/USD:
Idea: When a new candlestick open above the trend line, I'll buy. When a new candlestick open below the trend line, I'll sell. I'll put small TP btw :)
TP and SL are up to your discretion.
That's all for the time being, thank you for visiting :)
Trading Idea on Kiwi $_$
Trading Idea O.o
Yosh!
I have a trading idea for this week:
AUD/USD
Idea: When a new candle stick open below the trend line, I'll sell with small TP (10-20 pips will do for me). SL @ 0.8262.
However it's up to you if you want to target more than that, TP and SL are up to your discretion.
That's all for the time being, thank you for visiting :)
Another Reading Material :)
Yosh!
There's one article in CNBC regarding how to learn patience. In short, they are:
1. Use “feelers,” small positions to help you find the direction.
2. Scale slowly into or out of positions.
3. Document what triggers you to lose patience.
4. Have a build rather than a make mentality.
If you are interested to read the details, feel free to visit here.
That's all for the time being, thank you for visiting :)
Trading Idea o.O
Yosh!
I have a new trading idea for this week:
NZD/JPY
Idea: If there is a new candle stick open above the horizontal line, most probably the price will go higher. I'll buy with low TP (I don't really trade crosses, so most of the time I only set small target for each positions). If a new candle stick open below the trend line, then I'll sell with small TP.
TP and SL are up to your discretion.
That's all for the time being, thank you for visiting :)
Change in Trading Idea o.O
Yosh!
As the chart develop I see something in USD/JPY and want to add my idea in this pair posted before.
USD/JPY
Trading idea: If a new candle stick open above the trend line, I'll buy this pair. This is the original idea. If a new candle stick open below the trend line, it's a signal to sell. If you wanna take some risk, go on, but with low TP. I have taken some risk opened a long position in this pair earlier this week. So if the price go lower, I'll buy more.
Target Profit and Stop Loss are up to your discretion.
That's all for the time being. Thank you for visiting :)
Reading Materials in the Internet o.O
Yosh!
I have 2 links here. Each has an article that worth reading. The first one is 7 Reasons Traders Don't Make Money in Range Bound Markets by Doug Hirshhorn. In short:
1. They forget to look at bigger picture and adjust style as markets adjust.
2. Overcomplicate things rather than just keeping it simple.
3. Fear of missing out on that home-run trade.
4. Think “I have to be right on a lot of trades to make money.”
5. Believe they have to trade without emotions.
6. If I lose money, I stink.
7. They take losses “personal.”
For further explanation, you can read here.
Another article is about recovering losses. The article is here.
It is understood that we need to put some money in other to earn money in forex trading. At the same time, we need to invest some time to learn things that we won't get from the charts.
That's all for the time being, thank you for visiting :)