My Trading Journal - May 12, 2015

Things have been quiet for the last few days and no trades had been executed. However, things started to change today. Did a quick daily scan as usual, something came out on the radar: to long NZDUSD.


Soon heard a text alert from my cell phone. It was the Whatsapp message from Justin, our team leader cum mentor, with the following message:

Looking at the price movement after executing the trade (despite of being taught not to do that to avoid the emotion that kicks in especially for someone like me, who is new in trading), the movements to the first target was indeed a rocky one. There was one point of time where the price almost hit my target and reversed all the way down to my entry price. The emotional part kicked in, almost prompting me to close the trade, at least I would breakeven.

Well, we were taught not to disturb our trades unless there is a clear counter movement in the price. There was none detected after studying the movement again. as there were other errands that required my attention, so I just left the trade to run, strongly believed that it would play out to my way eventually. Did not track the trade after that.

Later of the day, took a look at my cell phone when my car stopped at a stop look go, while on the way to pick my children up from the kindergarten. Hey! first target hit. (By the way, I am not advocating using your cell phone while driving, but then again......anyway, my car was not moving then :-p)

About 5 minutes later, arrived at the kindergarten and took another look at the cell phone. The second target was hit. A nice 34 pips in the pocket. Oh! did I mention the trade was entered based on H4 time frame?

To fellow traders, god speed.

To those who are reading this, may I ask for your prayer for the victims of the Nepal Earthquake, further devastated by a second earthquake today......Thank you and God Bless.