Just barely made it...

Salam Friends,

This week's trading has been really quite a something..Overall I placed 6 trades which resulted in -4pips for the whole week..hehehe

The first 2 trades were made early in the week, and it was too soon to made sell trades as stock markets were all still in bullish mood..and I realised the mistake and closed the trades for a total of 132pips loss!

Then followed by 2 trades the following day..and the day after..all resulting in 128pips gain

Hence my -4pips loss for the week..huhuhu



I noticed that I am willing to take more risks when the trades are moving against me than when I am in winning positions. I need to improve on this, be more discipline and take my Stop Loss more seriously! and also to take positions only when there is a clear cut risk-reward ratio and good candlestick formations.

Be patient and maintain your Money Management!

Read more...

Let's keep on pipping!!

Salam my friends,

My result so far for the week: +169pips



Profit resulted from early Monday sell-offs as investors becoming more risk-averse as the equity market trying to find its foothold amid the recent rally. Most probably that will come from better earnings results.

Right now I'm trying to look at other opportunities to enter the market. GBP seems weakening further and further. Its fundamental does not support a strong currency. Only today, both manufacturing production and IP recorded negative figures while concensus had forecasted a slight increase. This will put even more pressure on BoE to address the issue. Hmmmm..

Read more...