Reason Not To Be Greedy

The experienced and successful traders will say "Trading is a Journey". It takes a lot of experience to understand the ebbs and flows of the market. Sometimes it takes also a talent to be able to get that flow quickly. Well just wanna journal this down, that do not be over greedy. Markets can take out your stoplosses easily especially in forex. If wanna earn big, long term trades have to think like the institutional traders, they position and accumulate and have very wide stoplosses. Take profit when your strategy position is hit. Also trust your gut feeling and take profit when possible if you see a turn. Tuning my indices trading.

Message to myself: Small profits will accumulate and add on.

When Trades Go Right

Trading Forex is not easy as it gets volatile when news cause prices to go the wrong way. Profit after a long wait! Patience is the key.

Eurjpy bear rejected

Price rejected on support. No bear for the short term. 

EURJPY

To be bearish on JPY crosses.

Strategy Revamp

Reinventing my strategy. It's gonna be boring but the rewards are certainly exciting! Hope for good trades!

Trading consolidation

Having difficulty trading the JPY pairs as they get stucked into consolidation and movements changes alot within minutes when I'm not able to look or just too stubborn to get out. Missing out on big movements which I could have taken but due to work I could not be on screen. Very tricky. Lessons are learned for this kind of trade and I probably will have to tweak my strategy for part-time trading.

Best profit for the week was on EURAUD. And my worst trading losses was given to JPY pairs and also EURAUD.

Patience.

Still in the red due to losses on AUD. Kept pushing up and breaking out causing a loss. Movements are always happening when I'm working. Need the right timing!

Recent Trades

Trades hasn't been really good this week as alot of movement happening during Europe hours. Patience and profits will come back again!

V Day's Trades: Red As A Rose

Valentine's Day trades was not too good as big moves happened while I was not looking. Movements were quite erratic that day. One needs patience and the right time to make the profitable trade. If you are in the right time and the right pair, that trade will be profitable.

Today's trades

Some trades done today. Covered most of my losses. More to go.

Trades on AUD

Some trades on the AUD today. Was stagnant yesterday but moved up after economic news from Aussie at 8.30 am. Entered after seeing the move in AUD.

Welcome to the Forex Trader's Journal

I started this blog to document my trades to track my profits and showing some trades that I have done! Continue to check back for updates!