Yesterday was the first time I traded the New Zealand dollars.Anyway, here's the scorechart:
NZD/USD - Long @ 0.8142, Closed @ predetermined profit take 0.8167 (25 pips)
AUD/USD - Long @ 0.9279, Closed @ predetermined profit take 0.9305 (26 pips)
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Wednesday, February 27, 2008
Oceania trades!
Yesterday was the first time I traded the New Zealand dollars.Anyway, here's the scorechart:
NZD/USD - Long @ 0.8142, Closed @ predetermined profit take 0.8167 (25 pips)
AUD/USD - Long @ 0.9279, Closed @ predetermined profit take 0.9305 (26 pips)
Monday, February 25, 2008
Swimming versus. Money Management
I was thinking about how people managed their money and I came up with this analogy:
1. The typical people who are trying to make ends meet are just heads above water. So, you can consider them as swimming (or struggling). Those people who are always in debts are below the water (i.e. almost dying).
2. Those people who are rich may have half the body above water, but they can't control the tide. It's the ultra-rich people are effectively standing on water. They are not affected by the tide (i.e. economy crisis or anything), simply because even there is a huge event on them, their fortunes will still enable them to be above the water. Or perhaps, they create the tide and have the ability to change the tide!
1. The typical people who are trying to make ends meet are just heads above water. So, you can consider them as swimming (or struggling). Those people who are always in debts are below the water (i.e. almost dying).
2. Those people who are rich may have half the body above water, but they can't control the tide. It's the ultra-rich people are effectively standing on water. They are not affected by the tide (i.e. economy crisis or anything), simply because even there is a huge event on them, their fortunes will still enable them to be above the water. Or perhaps, they create the tide and have the ability to change the tide!
Thursday, February 21, 2008
GBP/USD - 198 pips!
My long trades finally swing to a decent profit for me!
GBP/USD - Long @ 1.9426, Closed @ 1.9572 (146 pips in 2 days)
GBP/USD - Long @ 1.9520, Closed @ 1.9572 (52 pips in 4 days)
Total: 198 pips!
GBP/USD - 50 'mini' pips
As I was running to Kuala Lumpur to fight for the Singapore master franchise rights for Mobile Wallet, I went into the trades with my mini account.
GBP/USD - Short @ 1.9483, Closed @ 1.9433 (50 pips)
GBP/USD - Short @ 1.9483, Closed @ 1.9433 (50 pips)
Wednesday, February 20, 2008
GBP/USD - 13 pips
A small win from GBP/USD before I go into Malaysia in 2 hours time.
GBP/USD - Short @ 1.9501, Closed @ 1.9488 (13 pips)
GBP/USD - Short @ 1.9501, Closed @ 1.9488 (13 pips)
Another EUR/USD - 28 pips
I sold EUR/USD yesterday and I bought into it today!
EUR/USD - Long @ 1.4714, Closed @ 1.4742 (28 pips)
EUR/USD - Long @ 1.4714, Closed @ 1.4742 (28 pips)
Monday, February 18, 2008
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