Entered long into EUR/USD at 1.29500 to scoop up a few pips before going short at 1.30. But i was heading to Malaysia and I was afraid that my prediction would be wrong. So I set my stop loss at 1.29450. I was disappointed to see that my stop was triggered and it rebounded to 1.30. My current position is a short at 1.3. Looking at current news and moving averages. I plan to hold it till next Friday. I suspect it will hold. This prediction was done with my studies on moving averages over a month. I used a daily time frame. Will be following the headlines closely for signs of price change. Xavier.

Just Got on the Forex bandwagon in July- September. Opened an account with Phillips Futures and deposited SGD 3000. I made an initial loss of about SGD 1500 due to my lack of diligence and knowledge. I started with Technical analysis and fundamental trading with Investopedia and random web browsing led me to Forexlive It was a very adventurous start with stupid entries and exits from my trades. But I matured as time passed and money burned. I started to realise the importance of orderboards and the significance of technical trading. I started to learn how to hold certain losses and when to let go of the other losses I made. I realise that emotions can really mess up a trade that you have intentionally planned. Nowadays I am revisiting theories from technical analysis and applying them hand in hand with orderboards and Headlines. Though the market could already be discounted. I learn to squeeze a few pips out. I'm still trying to play with back to back orders that carries a risk of reversal trends. Army really prevents you from moving on with whatever you want to do in life. I will be out for the next 3 days and will be back on Friday night. I hope to get a good schedule. I have to rely on my sister to key in trades for me, for now. Xavier