Wednesday, May 17, 2017

GOLD Update


GOLD

Price has achieved LL as of 1214.05 and now on bullish momentum towards previous high of 1292.09


AU Update


AU

Price has achieved LL as of 0.73281 and in the midst of bullish momentum towards previous HH of 0.75553

GJ Update


GJ

Price has achieved HH at 148.095 and in the midst of bearish momentum towards previous LL of 135.583


UJ update


UJ

Price has created a new HH at 114.361 and now in the midst of bearish momentum towards the previous LL of 108.123.


EJ Update


EJ has achieved a HH at 125.805 and now presently on the bearish momentum mode.
Price may look for the previous LL of 114.840 or around the area of 118.25.


EU update


Eu has made the new LL as of last week at 1.08384 and now on the verge of hunting for a new HH with the nearest target at 1.12988.

As long as there are no sign of TRW, thus bullish remain.

In terms of weekly range, price has achieved 100 pips thus far with a potential of another 100 pips to go.


Monday, May 15, 2017

EU Week 3


EU

My initial target remain bearish towards 1.0750 with the potential achievement by this week.
However IF the price break above 1.1025 , then i`ll opt for bullish towards 1.1250 instead.

Let us see where it`ll goes this week then

Notes

1) If price break below 1.0750 by end of Q2, towards parity potentially on Q3.
2) If price reject above 1.0750 by end of Q2, towards 1.1250 potentially on Q3

Uber-ing Monday

My first day driving uber as part of "freeing" my time and earning extra income besides trading.

19 trip within 9 hours with a total earning of 111.47 which is an average of 1 trip per 2.1 hours , 5.86 average per 1 trip.



Thursday, May 11, 2017

Quarterly against daily

GJ

Looking at the Q2 trend, it's projected to be "bullish" from the lower price of 135 - 136 towards the high above the Q1 high or simply said Q4 2016 high.

Yesterday the daily price initially opened above 147.75 before it closed by end of day below 147.00

In terms of daily SOP, if the price closes below the OSUS HQV (though not yet on monthly basis) - it`s a sign of reversal towards the previous / present lowest low i.e Q2 of 135.583 or towards 127.50

Q1 high was at 145.383 which was broken with the highest for this month as at 148.095.

Should i act to sell instead OR should i wait for the monthly closing to decide?

If i were to follow the quarterly rules - there`s still another full one month (June) to go with the prospect of UK election which "may" push the GBP much higher to where it stands as of now - back to the price before brexit.

1) Technically, price open below the OSUS HQV (though it opened within the OSUS HQV initially). So, potentially conflicts?

2) It would be best to see whether the price are going to break below 145.25 - 144.75 or were to remain above it for next week.

3) If it does break, then we could be certain that it`ll look for 142.50 and below. If it does not, then our position remains.


Wednesday, May 3, 2017

Focus on "selected" pairs

I think it would be best for me to only focus on certain selected pairs, rather than having too much pair but at no "relevant" directions.

Thus i may stick to the original plan but "strongly" focus on the "U-HQV" zone price

AU
EU
EJ
GU
GJ
UCAD
UJ

GOLD

This would be on the "main account" while the secondary remain as it is.



Tuesday, May 2, 2017

5 elemen utama

Trading Plan

1. GOAL (Matlamat)

Jangkamasa pendek
- berjaya gain di antara 250 pips ke atas seminggu (50 sehari)

Jangkamasa panjang
- berjaya menjadi seorang trader yang konsisten walaupun ianya bukanlah mudah tetapi tidak mustahil.

2. Market

Pasaran market

AU
EU
EJ
GU
GJ
UCAD
GOLD

Saya sebagai "swing" trader , analisa adalah pada awal pagi selepas OD yang baru.

3. Preparation

Preparation adalah secara teknikal mengikut pada sistem trading tersendiri, secara naked chart dan melihat di mana price level sedia ada. Saya tak fokus pada fundamental tetapi adakalanya akan mengambil info terutamanya yang berkaitan dengan news besar (election / politikal / etc)

4. Timeframe

Saya akan melihat pada higher timeframe, yakni D1 ke atas. Entry adalah berdasarkan pada OD timeframe D1.

5. Strategy

Saya akan melihat berdasarkan pada past performances mengikut pada price level sedia ada untuk melihat sejauh keberkesanan mengikut pada perancangan yang ada. Dan ini juga termasuk dengan penggunaan SL (jika ada) namun kebiasaannya adalah cara "cut loss" sahaja.