2010-09-23- AUDJPY -Short

Have been feeling rather lethargic lately... hard to trade... alot on my mind also... work... $$...
The same question keeps popping in my head....: "So what next huh?"
Was also busy with reformatting my computer.... after a possible virus attack of trojan horse from the company's computer, I decided to do a who reset of both my iPhone, Orange MePhone, n my Computer, WangWang... I suffered another 3 days of constipated irritation of not being OPERATIONAL READY. Only to discover that my Webbrowser got hijacked for the 2nd time in my life....

The last time was not a very pleasant experience.... this time round, I was pretty sure which program had caused it.... hence after 1 day of searching for a gd n free anti spyware/ad-ware/coolwebsearch programe (those who are not as Geeky as me may be reading stars already *^&^*%$#%$@#* ), I managed to remove it without having to restore my whole lappy again + i got the same infectious program up n running again! yahhhoooooo!

Anyway, this is my trade last nite.....

2010-09-23- AUDJPY -Short

-I really couldnt see any pattern on most pairs except this pair, at least I know that it's a downtrend. Hence I waited awhile for a SELL set trigger since Set up (H4) was completed.

-Daily Avg Range (AV) for this pair is prob only abt 90, n when my TP2 was hit, AV was already 80+! I took the risk knwing that I shd taken my stop to max profit, n HOPED that TP3 can be hit, else - PS will kick me out at TP2.

-Lucky for me, TP3 was hit! Phew!! 

2010-9-15 - EURGBP (analysis)

This is a trade that I should have taken, but while seeing my AUDUSD in the Red and Green zone... I simply couldnt have the conviction. Nevertheless, I use it as an exercise/homework to continue to train myself and hone my skills....

2010-9-15 - EURGBP (short)

2010-9-15 -AUDUSD - Long (2 attempts)

Yes, i havent been trading well and much lately...

Rather busy at the centre with the main teacher away for Hari Raya celebration,  i have been bogged down by little children but i am still having fun with them! they are the sweetest children one can have!

Market finally reacted and broke out of the consolidation for most pairs... thanks to BOJ announcement too! Gosh... the Yen pairs just shoot up, without losing steam for 2 days straight.... Bo bian, have too look for other pairs to trade...

Here goes:

2010-9-15 -AUDUSD - Long (1st attempt - failed)

2010-9-15 -AUDUSD - Long (2nd attempt - Scaled out bits)

There are several other pairs I would have traded... but my lack of conviction caused me to give the trades a miss.... namely the EURGBP (Short) and GBPUSD (long)... in the end, chose AUDUSD instead, which failed to move up much...

Alas, the life of a Trader is full of more Downs then Ups!

But hey! I love Downs.... when it's all DOWN and RED, sentiments are so weak that i can SHORT better!

2010-9-10 -EURJPY -SHORT (failed)

Just yest I met up with my trading friend, H. Being a seasoned full time trader of 5 years, he reminded me that Trading is very diminishing on ur self esteem... cos u are constantly proved tat u are wrong thru lost/fail trades... out of 10 trades, expect a norm of 7 losses and 3 wins... the impt thing abt surviving is to ensure that the $ value for all the 3 wins still surpass the total of 7 losses....

So, the odds are against me.... Mr.market will keep telling me tat I am wrong... but I have to self motivate and keep going!

2010-9-10 -EURJPY - SHORT

2010-9-8 - NZDUSD - Long

Nothing to trade lately:
1) as too busy at centre,
2) too confused by mkt movement,
3) missed all the major runs... hence bo bian- have to wait for the next set up.

Nevertheless, there are alwis other things to trade, importantly must set the right expectations...
for eg. today. After scanning thru all the major pairs, gota wait for a long time n it's not happening yet.... i looked at the minor pairs and try to see if i can spot a set up for sm pips....

Bingo, NZDUSD. Usually i like to trade this pair when mkt is uncertain. this pair is slowly to react to the adverse news.... giving a new trader like myself some time to process the infor.... bo bian, my trading processor is 486 only!

Since the avg daily range for this pair is only abt 70pips.... if I can grab some 50 pips from this pair, it's considered quite gd liao. =)

Here goes:

2010-9-8 - NZDUSD - Long