Showing posts with label Plan. Show all posts
Showing posts with label Plan. Show all posts

Sunday, November 14, 2010

Monday Plan

6B or GBP/USD:
Broke previous' day early then backed and make slight new hi/double top showed sign of reversal. But price seemed to have strong resistance from 1.6180, 3 days high.
Planned:
Watch for critical zone at 1.6180 and 1.6000. Broke above 1.6180 is the sign of trending.

6A or USD/AUD:
Crisp Down-Channel seemed nowhere near breakout.
Planned: Watched the price if move near channel, sign of decent movement.

6E or EUR/USD:
Already broke and pullback 1.3656 at old down-channel. May showed sign of strength.
Planned: Already at critical zone, if upside make new channel, downside probably back to old channel.

Summary:
Light news on EUR and decent news on US may impact to slow moved at London session. If Aisan session was slow, then there's chance at London. Anyway, US may give decent impact to price. Overall market seemed bullish for the 3 major. No significant resistance except for 6B. And if 6B Res cleared, the others may went up freely.

Thursday, November 4, 2010

Business Plan


This is my Trading Journey Mastering The Currency World. Start from this November 2010. Though a little late, but still achievable.
I choose Futures Contract over Forex because of the convenience and suits my personal style.
200 Ticks seemed too small for a month. That's equal 200 Pips per month. The reason to do this is to make my brain to think it's easy to do. 200 Ticks per month average of 10 Ticks per day. Definitely possible to achieve.
My strategy here doesn't mean I stopped trading after 10 Ticks profit on that day. It's more discretion on taking profit based on market condition.
My technique is entering the faked breakout which I will update every day.
So, let's the journey begin...