Saturday, May 29, 2010

Week 89: Have A Little Faith

Ended the week with small gain on my portfolio of 3.2%. Managed to turn my poor week into profit with some scalping trades on Friday. Four trades won and two ended break even. At least maintaining the profitable week run. This is the second week running though the percentage gain is small. One prominent pattern I have discovered during the week was that the EUR market tend to start at GMT800/900. However if the price is already trending since the Asia market, be cautious on possible reversal at that time. Also worth noting is the economic news being released at that time. There are four possible time, that the trend might reverse or enhanced depending on the sentiment, GMT000, GMT800/900 & GMT1400 & GMT1700/1800. This was based on the past 2 weeks observation.

This week trades, some were hit by tight SL, some were entered too early, some turn out to be nice profitable trades, some got out with small win, some were break even. Could use a little more faith in the signals especially MACD.

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