Sorry guys that i wasnt updating my forex blog.
I was taking a rest and reflecting on my trades, tryiny to perfect my trading methods.
Recently i came back to trade. Within 2 week using a capital of 1k i manage to earn 1k. Good ? i guess so lol. Funny thing is that using lesser money to trade, my success rate is higher. Again trading psychology playing a big part in my trading career.
Bigger the money = bigger the GREED and FEAR
This is the reason why some people trade well in demo account of small amount of money, but with it comes to the real thing, dealing with thousand of dollars, it is a totally different world up there.
My advise build with basic, slowly increase your capital.
Remember the trading test, if you are able to go to sleep without worrying the amount that you had put in a trade, that is the correct amount that you should trade now.
The lesser time you spend to analyse the better it will be.
Trust me, basically using all technical analysis and a bit of market sentiment, you do better then knowing everything.
Studying too much analyzes too much only result in confusing yourself, as a result affect your judgement in trading.
On top of all this, i believe experience counts alot.
My 6months of trading is paying off now lol.
Further down the week i will try to squeeze some of my time to update my forex blog on my experience on forex hehe.
Always remember! You may have thousand of strategy, thousand of sure win technique, but without a good trading psychology you are bound to lose.
some ideas that i got on current market:
- EUR is weaking after the crazy gain
- looking for EUR/USD to go back ard 13500 - 12500 range
- GBP still have some potential to gain
- suggest look for uptrend trade, never trade against a trend (dont like counter trend trading)
- USD have be weaking for a period of time.
- looking for some correction on USD
- NZD and AUD still looking strong in terms of fundamental but in terms of technical, i am actually looking for some correction (the gain is way too illogical)
Any question feel free to ask and discuss with me hehe
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where do you get yr COT data?
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