Sunday, April 13, 2008

Trading is simple , but not easy

Last week the equity curve has been to S$600, but fail to keep it, now back to S$320 again.

1. should take profit at round number.
2. should use anti hedge to keep more profit. trail stop 50
3. when the trade come back, should pick it up again.
( lucky I did not pick it up, today monday it gap down 128 pips, my account will blow up, I will never keep a position over weekend )

Today's set up

GBP/USD
UK time, 6:00 am, 1hour highlow < 65 +- 4 pip, stop 36 profit 50

now buy stop at 19726
sell stop at 19688

SGX set up
Singapore time 9:30 half hour high low +- 1 break out, stop 13, profit 45
close at 4:20-35

buy stop 796
sell stop 784, now 3 cents in the money.

EURUSD
UK time 6:20, 2 hour +-4, stop 32, profit 36
UK time 8:50, 2 hour<80 +-4, stop 26, profit 36

EURJPY
UK time 8:00 1hour 3, stop 29, profit 30
yesterday just 0.7 pip it stoped out then back to my target, xxxx
change stop to 30!

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