The Most Powerful Word

I must time my entry better

Suffered three consecutive losing trade in two days. The first one, I managed to cut it before hitting full SL. Yesterday two trades was a mistake at entry itself. I entered too early and disregard the long term indicator. There were mixed signals and I was getting reckless after few wins earlier in the week. Thank goodness it was only small lots.

Lazy blog...

I am getting lazier and lazier to blog nowadays, especially since i went into the real estate industry. Not that i am too busy to blog, just lazy. No excuses.

The market has been kind lately, I have been able to make some small gains. For three weeks after my last blog, I managed to increase my portfolio from -45% to -41% as at last week. Though I would not be able to make the 500% portfolio growth challenge this year. I believe it is possible next year.

After better than expected NFP result last Friday, USD strength gain momentum on the expectation that the Fed might raise interest rate sooner. Though i was a little hesitant when i enter my trade during the European session. Luckily the market moves as per my analysis. Gain 3.5% from the 2 trades. Yeah..

A long break from blogging

Wow...its almost a month since i updated my blog. I've been busy and lazy. Busy with my real estate business and lazy to update my blog. Back to my trading results, since the last update my portfolio were down half of my initial investment. I was scared, panic and downhearted. My mentor once said, do not lose the lesson when you lose your trade. You must know why your trade fail.

After much thought and analysis, I discovered my mistakes. Now I understood of what my mentor said, enter late and exit early.

Happy trading.

WWLLLWLWLL-LWW-LWLWWWWL

This is the result since Sept 25 2009. Although the win loss ratio seems to be even but the magnitude of losses was far more than of the winning. At one point i was losing my hope in trading after so many defeats. Took a few days of break, then come back again with few small wins then wrapped the week with another loss.

On a good note, i managed to close my first deal in real estate. An office tenancy for 2 years, will be collecting my first pay cheque in the next few days. Last night I have dinner with my four ex-colleagues at Lookout Point. Olivia just got married 2 weeks ago, came from Singapore, Cathy just got her new Vios, Nicole and Chloe. We catch up with the happening in our lives and we left at midnight.

Good week ahead.

Learning after the lesson

After the 9% lesson, i have to rebuild and re-grow my portfolio again. Its kind of disappointing when you got the setback during the period you thought you were on the ascending path. It was a hard lesson. These are the 12 trades after the 9% lesson. The first few trades were doing well and i was rushing to recoup the losses when i started to take bigger risk. And today i shorted 3 trades on GBPUSD, GBPJPY and USDJPY. Even my trading buddy said i was not my usual self as i rarely take so much risk. Got to stay calm and stay focused.

The 9% Lesson

Last week on the Tuesday, I entered long GBP/USD and GBP/JPY just before the UK session. Then during the UK session, at the Treasury Select Committee hearing, the BOE Governor Mervyn King said the MPC is considering lowering the remuneration on banks' reserve. This means the central bank will even lesser interest on the bank reserve, thus increasing the money supply. I had closed the GBP/USD with small losses but left the other position open. And the news was detrimental to my position and I adjusted my SL to 5% from initial of 3%. The price swiftly moved towards my re-adjusted SL and I was contemplating my position of whether to let it hit SL or make another adjustment. I was making progress on my portfolio for the past two weeks and do not want to end up with loss, so i make another adjustment to my SL to 15% hoping it would rebound later in the US session. It proved to be a stupid mistake as the price never recover but keep plunging. I closed it with a 9% loss thus erasing all gains i made since the start of the month.

Learn to accept small losses and celebrate winning.

Profitable Monday with Sterling Pound

Shorted GBP/JPY with only 1 pip gain after 3 hours of ranging market. Also shorted GBP/USD with initial target of 64 pips but closed half of it with 35 pips gain in order to secure the profits. An hour later it closed with re-adjusted PT of 60 pips. Later in the night, long GBP/NZD at 2.3679 after it reached year low with small lots to capture potential reversal, however I closed it with 16 pips gain after re-considering the trade setup. Overall i managed to gain close to 3% on my portfolio. One step closer to my goal. Yay.

Trade Result Year 1

It's been one year since I started trading forex. And I've learned a lot from my mentor, my trading buddies and from myself. What was once I thought would be the easy and fast track to wealth has been a very challenging one. Perhaps I underestimated the market and overestimated myself. But I am glad I have found my passion and working towards my goal. I have always believed that i would be a trader, if not in forex, perhaps in stocks or options. The chart on the right tabulated my total trades since my first trade.

My winning to losing trades is approximately 5:3 with few trades breaking even. My target till end of the year is to increase the winning ratio to 7:3 and making 500% return in order to win my mentor's challenge. Although my current portfolio is sitting at -23% and its quite a big goal but i believed its possible. Stay positive, disciplined and focus on my goal and game plan. I will do it.

Trade Result 2009_09_08

Entered a total of 3 trades yesterday. Long GBP/JPY, GBP/USD in the Europe session making a total of 32 pips and later in the US session i shorted EUR/USD with a 25 pips loss. Ended up the day with BE. The USD was under pressure for the whole Europe session with Gold trading at year's high and concerns over the dollar's long-term status as the world's reserve currency also weighted on the greenback after a UN report called for a new world currency.

Europe session 2009_09_07

Today i long both GBP/USD and GBP/JPY a bit too early as i had to go out for a viewing. Both trades were positives when i was back from the viewing although it has retraced a bit and both ended up break even after i adjusted my SL to my EP level. I entered another long on GBP/USD after it retraced to below my initial EP and i gained 25 pips from the trade. Though the pair moved beyond my initial PT level i set as i closed it manually after running out of patience.

Discipline and patience. Important ingredients in successful trading.

101 pips from GBP/JPY

Yes...i managed to get 101 pips from GBP/JPY yesterday trade. Long the pair early with initial target of 120 pips but later changed it to 101 pips. And it managed to hit PT. Its been more than 2 months since i last get more than 100 pips from a trade. My portfolio is climbing back up.

Today will be quite volatile as there is few key speeches by French Gov, ECB President and the G20 meeting also start today. Think i will avoid today's session.

Good trading.

Trade Result 28 Aug - 02 Sept 2009

After the reflecting on my trade result and setup the last time, i managed to improved a bit on my trade entry and controlling my emotion. The next 2 trades ended up with break even as i monitor the trade closely and adjusted the SL level once it moves in my direction. The third trade is on Monday which, is the UK bank holiday. At one point it moved to about 40 pips, about 10 pips away from my target but then the market had a correction and i closed it with only 12 pips.
The next day i tried the same setup and this time managed to get 39 pips from GBP/USD and managed to add 1.9% to my portfolio. On Wednesday I entered a short on GBP/JPY with smaller SL level and small lot size as i had to be away from the screen and it hit my SL of 35 pips.

Two Days Trading Reflection

My result for yesterday's trade - win one lose one. Net result lost 66 pips. Long GBP/JPY and short GBP/NZD (I have not traded this pair for a long long time). The second trade, long GBP/JPY is a mistake as i was hoping for reversal. Hoping the trade will go in your favour....look like i am lost here. And my portfolio hit the lowest point of my trading career. Later while I were having some drinks with my new colleagues, they were talking about private clubs where they have slot machines for their guests. My colleague was mentioning about the odds and there were some smarter player and not so smart players. The differences separating the two groups was that the smarter players were more patient and focus on their game where they increase their stake only after the slot machine has not giving payout for long time. They were disciplined, patient and focused. Look like i need to cultivate those values.

Today i shorted two pairs, GBP/USD and GBP/JPY. One closed with break even and the other closed with 45 pips. I played safe and adjusted my SL to BE after it moved to my favour. My portfolio inched up almost 1% from the low. I guess i lost focus and my consistency earlier this week. Maybe I was too eager to jump start my trading after i quit my full time job and be a real estate negotiator. I still need to improve on my emotion and psychology.

Tea Break Day 2

Entered another short trade on GBP/JPY based on the same strategy. This time suffered a full loss of 100 pips. While another same trade managed to scalp 19 pips. Some analysis on the trade - EMA were showing downtrend, RSI is near oversold, MACD still showing downtrend while ADX were showing sign of trend weakening. So there were 2 weak points in the trade setup. And i was not feeling certain if the trade will go my way. I was having doubt but just could not really tell what.

Lets see what's the market got to offer tomorrow.

Teabreak on Day 1

Entered short trade on GBP/JPY using the Tea Break Strategy after it breakout to the downside. But the breakout did not sustain and it was ranging for few hours until the night. I decided to close it with small losses of 22 pips just before 10:00pm. Minutes later the pair experienced another downward pressure and it broke the EP. I had a chance to close it with even smaller loss earlier but i waited and waited until now. I have learned something about my trading style. I am a momentum trader - trades on breakout. Prefer to have trades that has big momentum, big price movement. Will have to strategise my entry next.

Forex Graduates Gathering Q3-09

Today is our Forex Graduates Gathering Q3 2009 in Menara Hap Seng. Had the chance to meet few of my course mate. Learn few more technical analysis and new strategies. And two guest speaker on the topic of fundamental forex trading and property investment by a Real Estate Agent. Two area of my interest.

Thereafter, few of us went to have dinner at an Iranian restaurant, the Palm at the Weld just two one street walk away from our gathering venue. May Lam, Chooi Ling, Daniel, Pooi Lum and me were having wonderful food and awesome conversation of everything. We should do it more often.

First View

I had a chance to follow my friend, who is a very experienced real estate negotiator for a house viewing today. And this is my first on the job training. He taught me a lot of things, but most importantly is to work hard. He told me of some of his partners who were top sales and were making hundreds of thousand. But one need to put in effort and time, focus on what you do. We finished our viewing at around 4pm.

I got back and entered short on GBP/JPY after seeing it appear to be in a reversal after the UK Retail Sales announcement. It was hovering for about an hour before it finally move down. But i was having a bit doubt on whether the price can really go down and i closed it with 21 pips gain moment after it was in my favour. Later the price seems to be heading down further close to my initial PT target. Anyway pips gain is pips earned.

Too early

I entered another short position on GBP/JPY after confirming the short term trend. And managed to close with 22 pips gain. The currency pair were ranging after it plummet by approximately 100 pips at GMT 5:00. My entry time was 90 minutes later and it was battling for 2 hours before i decided to close it with small gain at GMT 8:18 just before UK market open. And minutes later the pair sustained another downward move towards my initial PT target. Now reflecting on the earlier loss of the same pair. I think i entered the first trade too early and the second trade closed too early.

I've been reviewing my own trading result ever since i started trading. Of the total 240 trades I had entered, 58% won, 36% loss and 6% ended up break-even. That is the macro look at my trading journal. On a closer scrutiny, for trades ended up with min 50 pips win/loss, the ratio was 35 win to 56 loss. How do i reverse win loss ratio?

???

Again?

Entered a limit long position on GBP/JPY today early in the morning after seeing it breakout on the upside. With WS posting substantial gain last night, i anticipated risk appetite to be in favour. However my trade was cut short just after 1 hour with a full SL of 100 pips. Short term wise, the indicators in the M15, M30 and H1 were showing uptrend. Though the mid term were unclear. I also checked the other crosses for confirmation of trend. GBP were on the uptrend except for JPY, which were ranging.

So what went wrong? Was it my SL? Was it my entry time?

???

What happen in July & August trading month?

Entered a total of 9 trades as at yesterday for a total of 3 wins, 4 losses and 2 break-evens. Net loss in pips was 266. It was disappointing result after few month of losses.

How can i turn around? Do i need to plan my trade better? Do i need to enter at specific time? How do i prevent myself from entering at the wrong time? How do i make better judgement?

New Path

I tendered my resignation yesterday. One month to go before i will be on my own without a full time 9-5 job for the first time in my adult life. It was a tough decision to make but I'm glad after I hand in my letter.

Though it will be sad to leave behind a wonderful group of colleagues. But i committed on my decision and there will be no turning back. It will be a long road ahead, hopefully i will be able to meet new friends. My new job would be a real estate negotiator. No fixed time, fixed salary, only commission. How good and how hardworking you are will determine your income. New environment to me. But its an essential steps toward my goal.

Cheers.

Non Trading Week

Lost 74 pips today from GBP/JPY. Went in too early and failed to check the trend properly. After a almost 2 weeks of losses. The rest of the week will be a NTW. Now at the lowest point of my trading career. Time to reflect and re-strategise.

A Tribute To King of Pop

May you rest in peace.

Early exit from a wrong trade

Entered a long GBP/JPY today before the London market open. But it went against my position. I closed with 54 pips loss before it goes to my SL. It was another misjudgement on my side.
NTD for tomorrow.

See you next week.

Too early close.

I closed one trade this morning, short USD/JPY from yesterday. Managed to get 31 pips. A great start to the morning. Later in the day i shorted GBP/JPY but it was a wrong move as the pair staged a reversal, luckily i got out early with only 39 pips loss. Had a long trade on GBP/USD thereafter with a target profit of only 80 pips. It was down 30 pips at one time before staging a mini rally to to positive 25 pips and now hovering at positive terittory. Adjusted my stop loss to break even. Going to leave it to see if it could hit my PT or BE. Though things do not look so encouraging but i am going to leave it.

It closed at break even as soon as i finished this post.

Challenging Week

The most challenging week i have had so far in my trading career. 5 consecutive losses, 375 pips in total. Wiped out 8.4% of my portfolio. A big setback. Time to analyze my trade setup.

What do you do when you get into this kind of situation? I won't lay down. I will come back up harder. Watch me.

Started with 2 Losses

Started the week with 2 losses. Long GBP/JPY when the short term outlook is bearish. Second trade shorted EUR/USD and it reversed. Total loss is 140 pips. First trade entered because i wanted to get the lowest possible price as i positive on the GBP/JPY but the market had other ideas.

Got to come back stronger.

Cheers.

Indecent Proposal Lecture

The title might be misleading...but its a good lecture. What do you inspire to be?

Inspiration from Michael Jordan

Nice commercial.

Week 39 Review

Here's my week 39 review. Grew my portfolio by 4.2% this week. The stats showed my trade winning ratio. Overall maintained at 63% however the average pips won reduced by 2 pips. This was due to few small profits made at midweek. And a total of 3 trades at Break Even. Total pips gained for the week is 161 pips. Will strive harder next week.

Cheers & celebrate.
Play time.

I Can See Clearly Now

I can see clearly now. Missed out on the teabreak strategy today but no regret.

GBP/JPY gained 100 pips + 32 pips from GBP/USD

Entered 2 long trades today both GBP related. The first trade entered early before i got out from my house today. And its a 9 hour long battle that ended out with a 32 pips profit when it hit the trailing stop. With no major news coming out from Europe and UK the market has been quite flat with pound sterling trying to break its day high. The second trade, GBP/JPY entered with limit order which got activated some 4 hours after i set it, about 30 minutes before it expired. And it hit my 100 pips profit target about 5 hours later.

At around 4 hours after my first trade, both trade were activated and at one point was at negative territory with a cumulative of about -80 pips. The indicators were still intact with no major news release, my confidence were challenged. The pairs were hovering and it moved to break even and goes down again. I was tempted to get out at break even. But i persisted after checking the indicators and comparing charts of similar related pairs. Glad I am able to control my emotion this time. I have to force myself away from the screen and it proved to be a good decision as it prevented myself from meddling with my trade setup.

Cheers & celebrate.
Play time!

Small gains from 3 trades.

Entered 3 trades today with very conservative risk capital and managed to made small gains today. Won 29 pips today from GBP/USD and GBP/JPY. A good start to the week after 2 days of non trading days.

Cheers.

Eight Month Forex Summary

I've been analyzing my trading results of my first 8 months in forex trading. And most of my trades centered around this 4 major currencies cross, USD, GBP, EUR and JPY with approximately 85% of my total trades. And the winning ratio is quite satisfactory, however i need to improve on my money management, trading emotion, mentality and psychology.

The strategies i learned from my mentor has been wonderful and proven to be workable. And i am grateful to him as he has been trying to improve my money management and trading psychology by bringing in experts to conduct courses to keep us motivated.

Now it is up to me to raise my believe and expectation.

Have a great weekend ahead.

NFP - June 09

Long EUR/USD and exited with 51 stop loss. After a better than expected result on the NFP, the USD strengthen significantly but at the same time it also help risk appetite and the initial reaction is towards risk appetite and higher yielders moving higher. However the gains retraced in the first half hour after the announcement.

Entered long EUR/JPY minutes later and also exited with 95 pips loss. Overall ended the week with reduced portfolio of 1%.

No trading on first Friday of the month for 2009.

Cheers.

Two trades & two small profits

Entered 2 trades after the ECB announcement. First short on EUR/USD but the breakout did not sustain and exited at trailing stop with small profits. Second, short on GBP/JPY and it was hovering for about 15 minutes before i closed it with small profits also. Total pips gain from this 2 trades is 21 pips.

Cheers & celebrate.

One Escape and One Profit

I entered 2 long trades on the GBP/JPY today. First trade at near GMT6:00 and managed to escaped with 2 pips profit before it goes down for a while. The second trade i entered after the Pending Home Sales (MoM) (Apr) data released in US. It surged up quite substantially. Initially i set a Pending Order to long at quite a low price but did not managed to get it. And i entered manually after the news came out. Adjusted my SL to BE. Everything to gain.

Exit manually with 60 pips gain.

Good night.
Cheers & celebrate!

Teabreak Strategy Worked!

Closed 2 trades with small profits from last week open trade. Entered short on USD/JPY at GMT 11:52 but exited with loss. I cut my losses and entered long in GBP/JPY at 156.30 with a 100 pips target profit. However i exited with 51 pips gain. Even out the earlier loss. Ended the day with small profits. Yeah.

The tea-break strategy should work today if you have the chance to enter.

Cheers.

I'M P O S S I B L E

Had the chance to attend the Graduates Gathering yesterday. Learned the short term Price Pullback Strategy and the revised Tea Break Strategy. Will test the strategy next week.

Besides that, I also have the chance to do a Trader's Psychology Test conducted by Edgar Tham. Learned a lot of my own profile, the strengths and weaknesses.

One of the biggest challenge i need to overcome is my winning mentality. Always stay positive. Focus on what i want. There is this interesting video clip I watched yesterday.

Try not. Do, or do not. There is no try.

GBP/USD/JPY x 3 trades

This is me at my most adventurous. I entered into 3 open position at the same time involving different pairs. First trade, long GBP/USD, then long USD/JPY and lastly long GBP/JPY all within 3 hours. Minutes later i closed my first trade with only 2 pips gain as i want to limit my risk and it proved to be a mistake as GBP/USD soared >200 pips the next morning. While USD/JPY plunged about 140 pips and GBP/JPY is still trending sideway.

Well, only 2 trades open at the moment. Let's see how it works out when US market open.

Cheers.

Update: 2009-05-29 GMT 14:17
USD/JPY plunged under heavy pressure. Exited at SL.

Entered another long trade on GBP/JPY at lower price.

Trade Window from GMT2:00 to GMT14:00

Entered two trades too early today. Long EUR/USD at 1.4020 and exited at 1.3940. The price plummet the hour i entered. Too impulsive. Entered before i checked the economic calender. There are substantial of data to be released and all are EU related. Second trade, long GBP/JPY at 150.80 and its currently still on.

Approximately 5 hours later, the trade goes up very close to my BE but i did not close it as greed overcome my fear.

First lesson, do not enter early. The window for entering trade is from GMT 2:00 to GMT 14:00

Cheers.


Updates: Second trade, GBP/JPY ended with adjusted PT of 120 pips. Even out the earlier trade. Made small profits again.

What type of trader are you? I'm a Detailed Trader.

I just took the test 'What type of trader are you? And the result...I'm a detailed trader. Below is the report.

The Detailed Trader type suggests that you are very quiet and serious. You tend to earn your success by being thorough, methodical, systematic, organized, and dependable. You are also realistic and responsible as long as things make sense for you. You have two of the three qualities that are necessary for trading success (i.e. You make decisions based on logic and analysis and you are decisive, orderly and do things sequentially). Thus, if you are willing to commit yourself, you'll probably be quite successful as a trader. However, you may need some help seeing the big picture that is necessary for trading success.

You have a tremendous internal store of facts that you like to analyze. But you also tend to have trouble seeing anything that is different from your internal picture of the world. As a result, one of your biggest challenges is that you have a distinct idea of what is right and you feel it is your duty to defend that. This can be a real problem in the trading arena where being independent and a non-conformist are important.

Because you like to analyze, you will tend to identify the facts, label them and then categorize the information so that it makes sense to you. You work best with clearly stated objectives and procedures although you should be vigilant about who's directives you are following in the trading arena, or you may find yourself working on the wrong things.

Trading can be a solitary and lonely business; however this is something that might actually suit you because you do not mind working on your own. You enjoy thinking things through before sharing with others.

You will probably decide logically what needs to be done and work toward it little by little until you are finished. You tend to take pleasure in making everything orderly and organized. This is a great quality for trading success as long as you are organized in the right manner.

Trading Strengths

1. You should have no problems staying with and executing a simple trading system that someone gives you and you feel confident about.
2. You should be really good at data analysis/developing business plans especially when someone provides you with the exact steps to take.
3. You could easily treat trading as a business provided your life is in order and you have no major distractions. However, be aware that if you have a lot of stress then this strength could turn into a weakness and cause you problems.

Trading Challenges

1. You love the details of trading system analysis and development so much but you can often be working on the wrong things. Your efforts can be misguided if you are following the wrong guidelines or advice.
2. Under stress, you tend to redouble your efforts and try harder and better in the belief that you can dig your way out of a hole, but you could be digging in the wrong place.
3. You can tend to be overly critical and only notice the negatives in your trading. If you do not learn how to recognize your mistakes then you could become stuck.

Our model of the detailed trader is Warren Buffet who once said, "If you want to be a successful investor, then you have to know every detail of every listed stock. And when someone said, "but there are over 7000 listed stocks," Buffett responded, "Start with the A's."

Three Wins on EUR/USD

Entered 3 trades on EUR/USD last night during the US session. All three are long position at different time and different EP. All ended with small profits. The first 2 trades entered at a very good price with the price trended up immediately after my entry. Making a total of 69 pips on the 2 trades. The last trades had to endured a 30 minutes battle before closing it with only 1 pip. Managed to grow my portfolio by 1% this week. Those trades were more like scalping, but with proper trade setup.

Cheers.
Happy trading.

Small Profits on USD/JPY

I shorted USD/JPY today at 94.55 on a pending order (sell limit) and closed 2 hours later with only 2 pips. It was reversing and showing its momentum to break its resistance. I closed it after the price came down.

In fact i placed 2 pending orders and i canceled the other after this one activated as i do not want over-exposure. And i was lucky as the other pending order, a buy limit for GBP/USD would have been activated. As Pound Sterling tumbles sharply during the European session on news that S&P rating has lowered its outlook of UK economy. There were concern that UK's AAA rating could be downgraded for the first time in history. GBP/USD dropped 222 pips from opening of GMT 8:00 hour. However the pair recovered later.

Yen weaken on Moody's rating.

I had 3 trades for the past 2 days. 2 small profits and a loss. Net result is a small loss. I missed out on the reversal of trend. When the Moody agency decided to revise Japan's rating, the yen began to weaken, but i did not reverse my position. I was holding it and hoping it would go back my way. When there is uncertainty in the market, its time to change or at least close your position.

Another lesson learned.

Happy trading.
Cheers.

What If You Can Have If?

If I have a million dollar....I'll want another million, and another million, and another million, and another million, and another million, and another million and hope it never stop coming...

I hope I can make it with trading forex. Today i closed 3 trades, one trade, short USD/JPY from yesterday which i accidentally closed it with 29 pips loss. The second is long GBP/JPY, which is a 50:50 trade. It didn't goes my way and i adjusted the SL moment after, exited with 50 pips loss. Then i went in short on the same pair and exited at trailing stop with 90 pips gain. The reason i went in short is because German and French quarterly GDP data released today is worse than the consensus. And the market reacted badly to it. However I did not end it when i saw the hammer formed about 5 hours later with about +150 pips, some 50 pips away from my PT. And it retraced all the way to the day high. Exited with 90 pips gain.

Summary for the day is small profits again. Lesson learned. Ended the week with 1.2% growth.

Enjoy the MV.

Another BE and Two Small Profits

Gained 2 small profits from the last 3 trades. The other long trade on GBP/USD managed to BE after it goes down to about 100 pips. Watching it goes down and climb back up was a really slow painful process. Its like this video.

Break Even and the Five Small Profits

Managed to get small profits over few trades. Slowly growing the portfolio. And this point i was trying new strategy to suit the current choppy market conditions, after a few discussion with my fellow trading buddies. However this strategy requires lots of patient which, clearly i find difficulties to adapt in the short term. Furthermore this require high SL level and this reduces my lot sizes. Anyway, i am giving it a try for the week. See how the results go.

Cheers.

Strategies for Success

Two consecutive SL knocked the wind out of my sail. Portfolio down 9.1% so far. Tried hard to lift myself up. Found some inspirational videos but it did not work much. Anyway, i need to keep my mind positive. No point fretting over those losses.

Need to tweak my strategy to suit my style, as well as my game plan. Set some goals, both long term and immediate.
Mission Impossible I : Achieve consistent small profits.
Mission Impossible II : Achieve 500% portfolio growth by end of the year.

Mission Impossible III: Retire by May 2010.



Strategies for Success: Change the input to your mind, change your attitude.



Heroes bounced back. When the going gets tough, the tough get going.

When the going gets tough, the tough get going!

I got something to tell you
I got something to say
I'm gonna put this dream in motion
Never let nothing stand in my way
When the going gets touch
The tough get going

One small loss is not going to put me down. I am going to get going. I will keep moving and winning. My goal is to quit my full time job by next year, May. I will stay focused.

Game plan:

1. Max 2 trades per day
2. Max 5% per trade
3. Min SL: 150 pips
4. Weekly growth: 8%
   

Recharge & move on.

Suffered a setback today. Lost 110 pips on GBP/JPY. Persisted with the trade even though it showed signs of reversal. Erased 3.5% of my capital. Its a Golden Week holiday for Japan until this Wednesday and UK market also closed for May Day. NTD for tomorrow. The SL is too small even though there is still room to adjust.

Time for recharge and reflect.
Cheers.

How winning is done?

I started my very first live trade on the 15 Sept 2008. Gone through a lot of emotions. My portfolio experience down and up, down and up. Now back to where i started. I've learned to become a better trader, both emotionally and technically. Getting better with my technical analysis and currency price action behavior.

And along the way, i am grateful to few of my trading buddies and my mentor for their guidance, support and encouragement.

I found this short clip from and an inspirational figure that will explain how winning is done.

Let me tell you something you already know; the world ain’t all sunshine and rainbows.
It’s a very mean and nasty place.
And I don’t care how tough you are, it will beat you to your knees and keep you there permanently if you let it.
You, me, nobody…is gonna hit as hard as life.

But it ain’t about how hard you hit; it’s about how hard you can Get hit, and keep moving forward;

how much you can take, and keep moving forward.
That’s how winning is done.
Now if you know what you’re worth, go out and get what you’re worth.
But you got to be willing to take the hits, and not pointing fingers saying you ain’t where you wanna be because of him, or her, or anybody.
Cowards do that, and that ain’t you!
You’re better than that!

Cheers!
Keep moving forward and growing.

GBP/JPY again

Gained 98 pips on GBP/JPY again. This time on a smaller lot and smaller PT due to some holiday season in Europe region. Limit my exposure to lower volatility. One thing i learned during my time of trading is that i could not endure a long flat market with low volatility. This trade added another 1.3% to my portfolio, overall down 2.1%. Getting back to positive growth next week.

Cheers!

Huo huo huo huo...120 pips!

Huo huo huo huo huo huo....that's how i felt after my trade ended today. Somehow this song comes to my mind. Maybe because the trade experienced a sharp pullback near my SL before it goes my way and hit my re-adjusted PT while i was away.




The trade started early after a breakout on the upside happen. I entered long on GBP/JPY after confirming the direction. However it was up and down, up and down for about 6 hours before finally going positive. And it was a long battle, triumph at last. Added slightly over 3% to my portfolio on this trade alone. Overall is down 3.4% from my startup capital.
EP: 144.69
SL: 143.19
PT: 145.89 (re-adjusted)
Result: 120 pips.

Cheers!
Huo huo huo huo huo huo....

50 pips Trailing Stop on GBP/JPY

This trade ended on a trailing stop loss. Entered quite early and it took 2 hours before it moves in my direction. It goes down to 145 pips at one point and had a major pullback about 5 hours after entry. Though the indicators still showing no signs of reversal but it still a good gain. Increased portfolio by another 1.4% through this single trade.

Expecting a better result tomorrow. Cheers.

Sloppy trade

Some sloppy defending but highly entertaining game with lots of goals. Two of my favourites. Liverpool and Arsenal ended the game with the score tied at 4-4.

Same goes to my trade yesterday. Persisted to trade even though i hesitated, i shorted GBP/USD at 1.4635 with smaller lot. The next hour it experienced quite a sharp pullback as though there is a breakout on the upside. And i closed it after it retraced slightly with a 20 pips loss. Half an hour later it was down all the way. Lesson learned. No trade when hesitated.

Deal or No Deal?

I entered 2 trades today. First trade, short GBP/JPY at 146.20 with profit target at 300 pips away from entry price. I was practically watching the screen most of the time, and along the way there were many up and downs. Then my pending order for USD/CHF to long got activated at 1.1706 with 300 pips profit target as well.

Shortly after the 2 trades were on, they were in positive teritorry going as much as +80 pips on the first hour though USD/CHF is not moving much. The third hour it pulled back and going into negative and fear began to creep in. Then my mind began to ask me...close, deal or no deal? I checked the indicators and other similar cross pairs, the trend has not reverse - no deal.

An hour later, it was back in positive. GBP/JPY was making about 150 pips while USD/CHF was down 20 pips and it took a while consolidating its position. For a while i thought maybe it was the end of the trend. My mind asked the same question again, close, deal or no deal? No Deal but taking a conservative position, i re-adjust my profit target a few times for GBP/JPY and finally settling at 208 pips while leaving the other trade setup unchanged.

Shortly after it hit my profit target of 208 pips for GBP/JPY while USD/CHF is still hovering at the entry price range. Feeling relieved with the win and while second trade still showing no sign of breakout i decided to close the platform and head home.

12 hours later and at home, GBP/JPY still continue with its downtrend and would have hit my initial 300 pips target but i'm still glad with the 208 pips win. And USD/CHF is still trending sideway, i decided to close the deal with 6 pips gain and have a sound sleep tonight. And another good news is that my trading buddy, Bryan made 17.1% gain today. A great start to the 500% challenge.

Cheers.

Smile & Move

Found a short interesting short clips. Enjoy it.

Two trades on EUR/USD & GBP/JPY

Shorted two trades today. First trade on EUR/USD with a 100 pips target, however closed with 67 pips. Second trade on GBP/JPY on 130 pips target but managed to get only 31 pips after it pullback on the sixth hour of the trade. Week on week growth is at 3.8%.

Two trades on EUR/JPY

Entered 2 positions today. Both EUR/JPY at different time. First short position at 130.50 got out with 0 pip gained. The second short position entered at 130.35 but it encountered strong support at 130.00. It was hovering for a while and i decided to close it with 14 pips gain. Fortunately, moments after i closed the trade, the pair staged a strong reversal that would have hit my SL.

Two trades stucked on holiday season.

Entered long position on USD/JPY at 100.45 and left it over night. The next day it is trending sideways and i entered another short position on EUR/AUD at 1.8228. But it was holiday season, Good Friday and Easter Holiday on Monday. A wrong entry at a wrong time though the signal is still intact.

Ended the trade with 1 pip gain each. As it is still holiday for most part of Europe and US, i decided to end the trade earlier as there is not much volatility and direction for the most part the early session.

False Signal on GBP/USD

Entered GBP/USD at 1.4763 after watching it break out on the upside but it reversed immediately thereafter. I had allowed 83 pips for SL but cut it early at 72 pips loss, should have closed it earlier. This trade wiped out 3.1% from my portfolio now at -14.4%. Greed had creeped in once again.

BOE left its interest rate unchanged at 0.5% and there were no spike after the announcement. US trade balance will be announced at GMT12:30 should have impact on the direction of the US Dollar. Watch out.

Cheers.

Short EUR/JPY at 132.00

Shorted EUR/JPY at 132.00 around 3:23 GMT after it cleared 2 time frame...actually the second time frame only cleared one criteria of EMA. Nevertheless i entered confidently after studying other JPY crosses to show similar trend. However the trend did not last for long and reversed on GMT7:00, about 3 hours after the entry. Managed to grab only 46 pips, thereby increasing the portfolio by 1.3% to overall of -11.7%. Lots of ground to catch. Still got 9.6% to go to hit my weekly target.

The market has been showing lack of direction, with uncertainty over US FOMC minutes to be released at GMT11:00. Hope to see clearer direction then.

Till then, happy trading.

Patience game

Another hasty entry and exit on GBP/JPY. Only one time frame cleared the criteria although other pairs with similar pairs also showed the same trend. It was trending sideway with no clear breakout. After more than 5 hours, my patience runs out and i closed it manually after the signal showed some slight signs of reversal though it could be due to the long sideway trend. Two hours later it went my way...arggggggghhhhhhh!

NFP play

Entered a long position on EUR/USD four minutes after the NFP announcement. The result was in line with market expectation...no surprises. And i lost 52 pips 9 minutes later albeit with a smaller lot size. This trade reduced my portfolio by 0.2%.

Overall this week is still good, increased my portfolio by 9% after 8 weeks of contraction.

Winning streak ended.

Entered into long position on GBP/JPY again but lost 100 pips on this trade. Portfolio reduced 2%. Overall portfolio is down 12%. A lot of catch up to do next week. I think i would skip tonight's NFP announcement. The loss was due to my over enthusiasm. I discounted on the other pair's trend. There were few pairs that was not giving a confirming signal when i entered this trade.

250 pips on GBP/JPY

Entered long position on GBP/JPY upon seeing it cleared 2 time frame. After 7 hours long battle, finally prevailed at Profit Take. A full 250 pips gain. My second consecutive full PT. Gained 4.5% on this trade and currently my portfolio is at -10.3%.

200+ pips on GBP/JPY

Made over 200 pips on this GBP/JPY pair.

This trade has increased my portfolio by 6%. Overall still down 14%.

Stop Loss of 148 pips on EUR/USD

Got hit by a 148 pips stop loss. Update from my trade last night. And another from NZD/USD this morning of with a 59 pips loss.

Get back up!

After a long break...i was getting a bit impatient for the lack clear trading signals.. The market is quite choppy for the past few days. I entered 2 trades today, both involving yen pair. The first trade was EUR/JPY. Exit with a 53 pips loss. The indicator show slight reversal and i got a bit defensive and ended the trade early with small losses, however the trend was still intact after few hours later though it is not a strong one.

Second trade was GBP/JPY, was side trending for few hours. Down up to -40 pips at a time and up +60 pips at a time but ended up with only 2 pips gain after i meddled with the stop loss level.

At the current time of writing this post, i have already entered another trade, long EUR/USD after confirming the signals. It cleared 3 time frame. And with US data being released, it should aid the trend for a while. Later Treasury Geithner will be having a speech on 'Addressing the Need for Comprehensive Regulatory Reform'.

After suffering from my longest streak of losing, my confidence was dented. I was afraid to trade again. Even when the signals indicated a trend, i was being too defensive, afraid to take risk however small it is. Until i stumbled upon the video clip with a powerful message. Enjoy it.

GBP/USD at 60 pips

Yesterday i entered a long position on GBP/USD upon seeing a breakout but the momentum did not sustained, and in fact it reverse on the second hour after the breakout. Cost me 60 pips.

Down to Earth

Its been 2 days since i have difficulties getting internet connection. Meanwhile i have completed 5 trades since then...won 2 lost 3. Overall my portfolio reduced another 2%. Somehow i lost focus, after the first win, maybe i acted out of over confidence, increasing my lot size and my risk appetite. Failed to go through the economic calender before i trade. Did not pay attention to economic news release.

So tomorrow will be a non trading day.

Short GBP/JPY at 132.52

Shorted GBP/JPY at 132.52 after it cleared the 2 time frame. Entered after it pullback about 100 pips.

Profit take at 300 pips, it will be a exciting journey.

The trade ended at Stop Loss of 148 pips. Should have ended it earlier when other Yen crosses also showed signs of reversal. Lesson learned.

Buy EUR/USD at 1.2744

Enter long position on EUR/USD at 1.2744 upon watching it clear 2 time frame.

Having watched other USD pairs weakening giving confidence on this trade. Closed the trade early with 3 pips gain.

Cheers.

Short GBP/USD at 1.4121

Short GBP/USD at 1.4121 after watching it cleared all criteria.

Profit target at 1.3900

Exit at Trailing Stop with a profit of 53 pips.

Yeah...

Stop Loss Hunting

To avoid getting trap by Stop Loss Hunting,

1. Avoid trading at time when the volume is low as it makes it easier for institutional to hunt for your stop loss level.
2. Avoid placing stop loss level too near support or resistance level.
3. Avoid trading currency pair with low liquidity.

Happy trading.

Buy EUR/JPY at 124.65

Buy EUR/JPY at 124.65 with a buy limit order after watching it pullback at GMT 3:00.

Cleared 3 time frame criteria. A good indication to buy. Although the timing is a bit too early.

Manual exit with a loss of 47 pips.

Can you handle it?

i had the chance to watch the re-run of the movie, Jerry Maguire last week. And somehow this scene struck me...pay close attention to when Jerry (Tom Cruise) tells Rod (Cuba Gooding Jr) why he still don't have his 10 million dollar yet.

Bank of England (BOE) cuts interest rates.

Short GBP/USD at 1.4060 after the Bank of England interest rate announcement. Anticipating the prices to drop drastically after the initial volatility but only managed to gain 2 pips due to tight Trailing Stop.

BOE decisions to cut interest rate were in line with market expectation. The questions is now centred on BOE's policy on quantitative easing.

Official Receipt

The official receipt for the donation that i pledged after i won the 2,000 pips challenge.

For those who wanted to contribute to the charitable causes can do so at Sau Seng Lum.

Feels glad.
Cheers.

Long USD/JPY at 98.19

Entered long USD/JPY at 98.19 immediately upon seeing it clear all criteria. This time i placed a bigger SL to give it room to pull back.

Take profit of 211 pips.

UPDATE
Exit at Trailing Stop of 98.38 for a 19 pips gain.

Short EUR/USD at 1.2598 (2nd time)

I re-enter short EUR/USD at the same price.

Short EUR/USD at 1.2598

Short EUR/USD at 1.2598

Upon clearing all criteria, I entered the short position instantly. With risk aversion continue to be the flavor of the week, we can expect US Dollar to strengthen further. With more auto companies asking for government bailouts, coupled with AIG group asking for federal assistance of additional $30 billion loan in return for ownership. The data looks bleak on all fronts.

Take Profit at 1.2400 for 198 pips. Watch out.

Cheers!

Revolutionary Road

How many of us still chasing after our dreams? What was the things that you would thought of doing when you grow up? And what happen now?

I'm ended up just like everyone else. The idea of you to have settle down and resign to life, i began to wonder if there is solution to this situation. How do i break free?

Inspired by...

Feb 2009 monthly review

I entered a short position on EURUSD at 1.2713 last night. Another impulsive trade entered that cost me 2.4% of my portfolio. When can i really learn from my own folly? This really sums up my worst trading month...13.4% loss for the month so far. Looking back at my trades, i found that i had not been following the rules of trading for most of the trades. I started the month with at the high of my portfolio growth of 9.9% and now its down to -4.8%. Trades after trades of losing has dented my confidence and rocked my self belief at times. At the height, i got delusioned, believing that i can profit from trades with fewer criteria met and was brought down to the floor. And it hurts...real bad.

So no more trading till next month. Need to go back to basics. C u next month.

Long GBPUSD

Buy GBPUSD @ 1.4547
It has been moving sideways for 8 hours now. With no clear breakout, it looks like it is going to be a long constipation....

Update 14:00 GMT
Breakout happen against my position. Lost 97 pips.

Going to stop trading for the week...nothing seems right. Got to go back to basic.

Short EURUSD

23 Feb 09
Shorted EURUSD at 1.2791 with tight SL. Got hit by slight reversal with a loss of 39 pips. Found another way that didn't work. Gotta stop trading with tight SL.

Weekly Trade Result

The market has been very choppy for the past few weeks, the signal generated from the indicators does not last long with reversal happening too frequent. I've been unable to get much trading signal for the past week.

Towards the end of the week, i entered 2 trades after seeing it clear only few of the criteria. GBP/USD closed with 55 pips loss, small SL due to adjustment after it didn't look right an hour after the trade otherwise it would hit my original SL at 200 pips. Another trade which is still open at the moment is NZDUSD, current position is -50 pips.

At the moment, my portfolio growth is still at 0%. Though i have my fair share of winnings, i do have some regrets as well, notably my lack of discipline and sometimes greed. Most of my losing position was due to my own lack of self control and discipline. I probably could have grow 50% if not for my own faults. Now after 4 consecutive weeks of missing my weekly goal of 6% growth, next week shall be the start of my winning run. Check out my winning trades next week.
Cheers.

Charitable Deed

I received a cheque from my mentor after achieved the 2,000pips per trade challenge. This is the second challenge my mentor threw to us during one of our regular gathering. I've missed the first challenge by a day late. It was a big dissapointment to me as I was very close to the reward. So i doubled my effort, researched all the currency pairs and found the highest probable pair that can achieved the 2,000pips. I must say that the reward was worth every single effort that i've put in.

The amount was quite substantial. After pondering for a while on what to do with the sum, I've decided to channel part of the amount to the charitable organisation, Sau Seng Lum.
I will post the receipt once i received it. Stay tuned.

A new personal record high: 2,000 pips per trade

Finally nailed my first 2,000 pips gain per trade. A new personal record high. Took me less than 24 hours to achieve it.

Buy NZDUSD at 0.5165

Buy NZDUSD upon seeing it clear 3 criteria. It immediately reverse soon after I entered.

Update: 21 Feb 09
The trade reversed after it went down to 160+ pips against my position. Now it's at -50 pips.

Double whammy!

Lost 2 consecutive trades today.

1. GBPUSD lost 60 pips due to tight stop loss.
2. GBPUSD lost 102 pips due to wrong approach emotionally.

These 2 losses has wiped out 6.1% from my portfolio. And it sums up this week's trading with a total loss of 5.9% from last week close. Total portfolio growth now stand at 0%. After 5 months of trading it is back to square one. The learning curve has been very steep. Lack composure in front of the platform. Need to learn to be patient and be more confident with my trade set up.

Buy GBPCHF at 1.7292

Buy GBPCHF at 1.7292 upon seeing it clear 5 criteria. Another risky trade of the day. Immediately upon entering position it drop to about 50 pips.

Update 14:50GMT
I forgot to check other CHF pair before entering and only realised that it is going very strong against other majors.

Update 8:46GMT
It hit my SL with a gain of 8 pips. The better than expected of trade balance result from UK didn't help the sterling. Instead it reverse just moment before the announcement. Luckily I had adjusted the SL after seeing it climb +50 pips above the EP otherwise it would it would have been dropping very very near my initial SL (about 8 pips away) for a 200 pips loss.

Can you do it?

A powerful message of a relationship, hope and determination.

Buy GBPJPY at 134.85

Enter buy GBPJPY at 134.85

Current short term indicator showing downtrend, however medium term still showing uptrend potential. This trade might have been entered too early. We'll see the result in 2 hour time.

Update 7:20 GMT
It is down 70 pips at the moment and the indicator does not show sign of reversal. With London stock opening in less than an hour time, hopefully it will aid the sterling.

Update 8:45 GMT
Closed the trade at 135.17 with a 32 pips gain.

Price Pullback for the Lazy Soul

Week 3 - FX Goal Review

Suffered heavy loss this week. Down 3.4% from previous week close. Have now revised my weekly goal after consulting my coach. Will test the new game plan until end of February 2009 before another review.

Weekly Goal (rev. 1)

After 3 weeks and upon reviewing my weekly target with my coach i have decided to change my game plan. I find the reason behind this is to limit my trading activity. The limited number of trades will make me scrutinized for the best deal i can find before i place any trade.

My game plan will be as follows:

- Trade within 3% of my capital per trade.

- Maximum 4 trades per week.

- Planning to hit 6% weekly profit!

Long GBPUSD at 1.4540

I entered the GBPUSD at 1.4540 upon clearing about half of the criteria. 15minutes after BOE announcement to cut interest rate by 50bps to only 1.00%, its lowest for decades, the pair jumped 100pips. And is now finding support at 1.4600 level. However i find the spike is rather milder than previous BOE announcement.

Now awaiting the ECB decision.

Update at 13:40GMT
Hit the trailing stop at 30pips. Though rather small, i broke my losing streak.

A challenge: 2,000 pips

Buy GBPJPY at 127.50
The challenge is to gain 2,000 pips per trade. The game is either to make it or break it. The reward is...

I'm banking on the Bank of Japan to support its currency as evident by the USDJPY range of 88.00 to 90.00, hopefully it will also affect the GBPJPY pairs.

This trade will probably takes at least 1-2 weeks to hit its SL or PT. However the risk is comfortable enough and i do not have to keep checking it hourly.

Update 10 Feb 2009, 19:30 GMT
Closed with 300 pips gain. A reverse in trend killed my hope of a 2,000 pips record.

Have a break.

Two days of losses...

1. Yesterday, my EURUSD trade was closed at stop loss of 129 pips and it cost 3.2% of my portfolio. It was one of the case where i ignored the price pullback range and set the stop loss too close. Got caught in the reversal as unfavorable news also aided the reversal of trend.
2. I made a mistake today forcing a trade even when there is no clear signal. Entered a short position for GBPUSD at 1.4190 with a stop loss of 100 pips, again ignoring the price pullback as well as the indicators. Lost my focus and my mind and it erased 2% from my portfolio.
   

This 2 losses has dented my confidence. The best way to recover from that is to break away from trading. Regroup my mind and re-adjust my mindframe. I hereby declared 4th of February 2009 is a non-trading day.

See you on 5th of February 2009.

Cheers.

Panic at the Trading Mind

Panic - a sudden fear which dominates or replaces logical thinking. I've had that today. It cost me 33 pips. I have checked all the indicators, ran my calculation and set up my trade properly but it was to be undone by a moment of panic.

Maybe as my coach said it, stay away from the monitor after your entry. It helps to keep you from being perturbed. However i find it rather difficult to stay away after the entry...my sight was like glued to the charts, unable to break away. It will takes lots of training to do what my coach can do.
In the meantime, i could only try to look for some activity to occupy my mind after my entry.

Cheers.

Short AUDUSD - 0.6305

Short AUDUSD at 0.6305

This is the 3rd trade of the day. I closed the earlier trade upon seeing the short term indicator pointing reversal. It was a panic call and regretted it very much. Missed out on 33 pips gain.

For this trade i'm going to shut down the monitor and let it run.

Short EURUSD - 1.2716

This is my second position of the day. Had been aggressive as i have missed my previous week target by miles. I have used up my quota for the day. Hope these 2 trades will turn my way.

Enter short EURUSD at 1.2716 after it clears all criteria using Price Pullback Strategy.

Stop Loss at only 84 pips.
Profit Target at 416 pips.

With the ECB announcement later this week, i foresee the downtrend pressure to persist thus the high profit target. Though it will take at least 1-2 days to be achieved.

Price Pullback Strategy, Trade #0004

I re-enter the short position at 0.6352 after finding all the indicators still showing downtrend.

Week 2 - FX Goal Review

t



This week has been an uneventful week. Although winning 6 out of 7 trades with a new personal record high of 1,028 pips albeit with a micro lot. My portfolio has increased marginally at 1.2% and therefore missed my weekly goal.

Using my coach Price Pullback Strategy, I only managed to find 2 trades at the end of the trading week. As i do not like to leave the trade open over the weekend, i had put in a tight Trailing Stop on both trades. Both trades were out at the slight reversal. In order to make up to my goal, i have to achieve 21% growth next week. It will be a tall order, however i remain optimistic as there are 2 major interest announcement next week. Hopefully i can take advantage of it.

Price Pullback Strategy, Trade #0003

Pair: AUDUSD
Entry Price: 0.6400
Stop Loss: 0.6435
Profit Target: 0.6200

This is the 3rd trade of the day after having screened through few currency pairs with my coach's Price Pullback Strategy, I found this one to have the highest potential. With the US releasing its 4th quarter GDP soon (1330 GMT). We could be expecting high volatility in play here. Hoping to get full profit target by end of the market. If it materialise, I would have achieved my weekly goal.

Cheers.

Where is your courage?

The earlier trade was closed with 6 pips gained. I set the Trailing Stop at 45 pips and upon activation, i adjusted it to 75 pips to give it more room to pullback. But it wasn't meant to be, it reversed and hit my TS within 2 hours.

6 pips gained is better than 1 pip lost. My trading partner both entered the same pair and we both exited early. We didn't let it run the whole course and we found out that we are afraid that it will reverse on us before the trailing stop got activated. And we spent some time in finding the right signals only to let fear conquered us. What a dissapointment.

Price Pullback Strategy, Trade #0002

Using my coach's Price Pullback Strategy, I've entered a short position of EURJPY at 115.61.

As all indicators showing downtrends, I've put a Profit Target of 361 pips. With few Japanese economic data to be released at 0500 GMT, I'm expecting downward pressure to persist.

New Record : 1,028 pips

Currency in Play: GBP/NZD
Position: Long
Duration: 2 Days 1 Hour
Entry Price: 2.6614
Exit Price: 2.7642
Pips Gained: 1,028

This is a personal record high. But I missed out on the reward set by my coach. Someone gain the 1,018 pips earlier. I was determined to make break the record. However it will only be a consolation.