My Love Affair with GOLD

Trading Gold and Silver have been my passion. The result of which, I have been poorer than when I first started. Putting a journal to my trading helped in my self control and hopefully, make me a more discipline trader. Everybody deserve a 2nd chance

Monday, 18 June 2012

EUR/GBP - Short

›
I added in a ema9 just so   that I can receive earlier signal.   And looking at all the charts, decided that today...
Wednesday, 14 March 2012

Silver

›
Limit buy on silver at 32.64, with SL at 33.95 and TP at 26.39. Yes, I do believe Gold and Silver is going to fall drastically within the n...

I think I found it

›
Spent the last 2 years working thru' various indicators , I believe I am on track now at not blowing my account any more. Foremost, amo...
Sunday, 4 March 2012

Today's setup

›
Hi,.. 1) started the day Long on EUR/GBP pair... Price entered 0.83445 TP 0.83568 SL 0.83305 It's temporary moving up, against the ...
Friday, 2 March 2012

I am back

›
Took a break from posting as I needed some quiet mediation.  Needed to understand, why - my love for gold - has hurt my pocket. Has it anyth...
Wednesday, 28 December 2011

Gold - fell again

›
10.10am Been awhile since I did an update of my activities,.. was reading and trying to stick with a strategy,.. it keeps changing. Pam sho...
Saturday, 24 December 2011

Singapore Index - at risk of major downturn..

›
STI - weekly. I do not like what I see, it's basically showing that we are at a major support level and if that level is broken, it...
Thursday, 22 December 2011

Gut feel for Gold - UP : Today only

›
10.50am TP triggered for the 2 long Gold. Morning cash position was 163./ net 163. Looking at the 4 hr chart, I am placing my bet on Gold...
Wednesday, 21 December 2011

Looking at Gold again after a short break..

›
11.10am. I was tempted to buy gold before the vacation as it is showing a double bottom.. it was hoovering around 158x and I totally believe...
Sunday, 18 December 2011

Taking a 4 days break from Trading

›
Going off for a short break in Malaysia with family.... would hv loved to stick around and see how gold and silver perform for the week,..bu...
Thursday, 15 December 2011

Friday's analysis

›
9.15am.. Guess it a start of the new me again - having blew (again ?!?!?!) my account down to mere 100+ from previous high of 400+... Res...
Tuesday, 13 December 2011

Killed while asleep

›
11.14am... while I was sound asleep last nite, US Fed's FOMC meeting gave no hint of any further quantitative easing of US monetary pol...

Risking 30% of my capital on Gold

›
10.25pm... Looking at weekly chart, gold sits on my favourite 34EMA.  Any fall below that level will possibly means a U turn in gold prices...
Monday, 12 December 2011

Gold - you hate them you love them

›
12noon... my 3 outstanding orders last nite , resulted in further damage to my account. Gold has broken the support level and has formed he...

I was Right, Yet sorely damaged

›
10.20pm... was not able to do any entry earlier as system keeps showing error each time I tried to update my blogspot. Must have been reflec...
Thursday, 8 December 2011

Closed for the week

›
3.25pm.. closed off all outstanding position. As of now, the pairs I am trading at , has reached it's average range and I am not going t...

AJ out..start all over again

›
10.18am It sure takes lots of conviction to exit AJ with a small profit - after all the roller coaster ride. Having the belief that AJ long...

Niagara Fall

›
10.15pm... The European Central Bank cuts it rate... and I am not sure why the market behave the way it did. First, there was a rocket shoo...
Wednesday, 7 December 2011

Looks like I am stuck with AJ for a while

›
9.55am... Did some quick trade on Gold (short) yesterday with some positive result,..helped me buffer the losses from AJ - though no enough...
Tuesday, 6 December 2011

Each ticks bleed my heart....

›
...okay..I exaggerated a little... 3.15pm.. by doing nothing but leaving the order as it is,.. my net balance fell below $300/-... The AJ p...

Giving up gains and more

›
11.40pm Today's focus was on shorting AJ as there was a bearish divergence... did well in the morning shorting this pair,..and profit i...
Monday, 5 December 2011

Gold back to Square One

›
10.05am Price of gold went back to where it was before the surge on last thursday. Tears for those who lost big during the surge, only to s...

Gut Feel Paid Off

›
8.30am... Gold fell yesterday and given the lesson learnt on trading aggressively and lossing money at the end to slippage, I was very cons...

Can't Get My Mind Over Gold

›
5.40pm...this week,.. all my orders have been pre-set in the system. It will have to be a set and forget week. But the feeling I have on gol...
Sunday, 4 December 2011

Did It again

›
9.10am... The desire to see further fall in gold has lead to many shorting execution.. resulting in a massive loss of account.. massive bec...
Friday, 2 December 2011

9.30pm NonFarm Payday

›
Everybody either hate or love the above nonfarm payday... given that I deflated my account due to a silly mistake I made on gold.. mistake b...
Thursday, 1 December 2011

Cloudy days

›
1.42pm.. Cloudy days both in local weather and gold market. Looking at the 30 mins chart, the prices went into the cloud area , based on I...

Serve Me Right !

›
9.50pm I closed all my account earlier , at the end of Asean session. The no zone period for me is between 5-8pm local time, mid day Europe...

Closed all position

›
5pm Gold price fell slightly and instead of staring at it as it moved up and down, decided to cut my losses. Sold at 1743.72, loss $14/- . ...
Wednesday, 30 November 2011

Odd Love with EUR/AUD

›
1.55pm. Thursday. Busy in the morning,..didn't hv the time to ready sit down to draw trend lines. My single long gold is still there a...

What Am I gonna Do with Myself ?

›
11.45pm... I was holding to 0 trade when the Worlds' Central Banks decided to act. I rarely see the push up in prices.. Gold / Silver s...

I broke my rules

›
8.35pm..... I took a glance at the chart... I peek.  In most cases, the action taken from looking could have resulted in moments where you w...
Tuesday, 29 November 2011

Set and Forget

›
9.10am...a new day with Set and Forget strategy on mind. From the experience yesterday. If I hv not looked,.. I would hv profitted a little...

Silver trap

›
11.05pm For the whole evening,.. price of dripping downwards.. like the tap that is not completely closed, the price of silver falls one st...

Should not have peek

›
4.15pm.. back from a loooong lunch with the kids,..and was feeling very tired when I took a peek at the silver and gold performance. Both sh...
Monday, 28 November 2011

Needed an order in the system

›
9.40am..having observed the silver and gold price for the last 30 mins, there seems to be a 50-50% win-loss situation. A hard fight between ...

Closed Silver

›
4:40pm local time. Silver stayed in negative territory for most of the day, only to burst upwards 5-10 mins ago . The BB tightening seen on...
Sunday, 27 November 2011

Long Silver

›
11.10am.... Gold and Silver surged in the morning before I even brush my teeth. It reaches the top channel of the 30 mins chart and it has ...
Friday, 25 November 2011

Sudden movement at 10.45pm

›
10.45pm..price of gold and silver starts to surge,.. 4Hr chart at strong support. And waiting for  15 mins chart to signal the okay to buy. ...

S l o w D a y

›
Friday 9.35pm... Prices drag their legs... very slow day today,.. good that I was out most of the time, otherwise, would hv gone in and ou...
Thursday, 24 November 2011

Watch Paint Dry

›
...9.50pm.. watching paint dry is the summary of tdoay's trading experience - espy for gold and silver. It does not move at all.. the ra...

Power of Concentration

›
Quotation: Concentration of the mind can only be developed by watching yourself closely. All kinds of development commence with close atten...
Wednesday, 23 November 2011

Shiny Gold

›
3.35pm..gold keeps inching up as expected. I was waiting for it to move up the resistant at 4hr chart. It does looks like it's possible....

Nothing to trade this morning

›
10.05am Thursday Searched tons of charts this morning but found no trade. Alot of pairs espy when US$ is in it, shows divergence - giving m...

Time for my power nap

›
5.10pm... I usually take a 15 mins break when STI closed,..just to build up some energy for the forex trade in the evening. Silver move dow...

Crazy me - can't make up my mind

›
4.15pm... been bruised by silver today. It's a battle between emotions (the love for silver) and Technical reading. Both gave different ...
Tuesday, 22 November 2011

Being Flexible

›
2pm. The 30 mins chart for gold show a very very tight squeeze.. like it's going to burst up/down anytime. The 4Hr chart shows a toppi...

Silver Is IT

›
10.30am. Realised I can never reach my previous capital level is I do not take higher risk. Decided to put the daily stop loss level of $5...

AUD/EUR closed out

›
10.15am,.. the long dragging short trade for AUD/EUR finally closed. SL at 1.37734, loss of $12/-  The trend is your friend,.. that is why,....

Another day for gain

›
9.45am Wednesday.. Was not able to provide any update earlier. For some unknown reason, stocks and forex went crazy 30 mins ago . Big price...

Stop loss triggered - Gold

›
11.18pm... Stoploss for gold triggered at 1695.14, giving me a profit of $11/-. I had moved it up when it showed positive position. It reac...

Long into Gold again

›
10.05pm. Tuesday Closed gold earlier at 1694.845 and it sent all the way down to 1686.46. While the overall trend in the long term looks bl...

Closed Gold and wait for US session for new direction..

›
6.50pm. Tuesday Closed gold position, at 1694.84, profit $12. The 5 mins chart (ya, not supposed to trade using these kind of timefame ! bu...
Monday, 21 November 2011

Trading ebooks available

›
3.20pm.. Tuesday Eur/Aud.. Euro seems strong....looks like it's a long way to pressing it down. Right now, my two lots is showing a con...

Can't leave Gold alone..

›
10.30am..Tuesday....back from my morning errands. Looking thru' my 10 currency pairs, Gold stared back at me.  In the 4Hr chart, it cr...

Tuesday morning trade action

›
8.35am..Tuesday. Sighted a toppish formation of EUR/AUD a moment ago, in a 4 Hr chart. And since I will be out of action in the first half ...

Back to the drawing board

›
11.18pm. Monday. Gold was moving up as predicted, set prices above breakeven and went for an evening jog,..only to return with positive Sto...

Crossing my fingers on Gold again

›
9.05pm. Gold at 1 hr chart shows bullish divergence... and since I believe in the strength of 34sma on a daily chart, I decided to get gold...

Broken Support, first major 'loss' today

›
6pm.. price broke SMA34 support for gold on a daily chart. Position Closed with lost of $24/-. Silver position closed with lost of $5/- Cu...

Mistakes Realised

›
4.40pm local time. Gold. Stop loss triggered for 1 lot of gold at 1717.215 with a lost of $7.30. The other lot is still in the red. Look...
Sunday, 20 November 2011

Long Gold again

›
11.20am, Monday Went in to buy 1 more lot of gold at 1723.74. SL at 1720.15, total potential loss = $28/- On a daily chart, Gold is suppor...

New Order for the week

›
Monday.  9.22am 20 mins ago, triggered 2 orders : GBP/USD 2K short at 1.5744 & AUD/NZD 1 K short at 1.3195 Gold long 1 lot at 1722.8...
Friday, 18 November 2011

Analysis for Next week's action Nov 21 - 25

›
Proposal for the week of Nov 21 - 25 GBP/USD : - KIV,..maybe play of the week Strong support at 1.54 (weekly chart), daily resistent at ...

Reflection...why I started this blog

›
I am in love with anything that shines, especially if it comes in a bar form! My weakness for gold turned into a love-hate relationship when...

Shop Closed for the week

›
8.40pm. 10 lots long silver take profit triggered at 32.28613 , giving me a profit of $11. Manually closed the other 10 lots at 32.4142, p...

Silver is IT

›
6.00pm.  Closed my Gold and  USD/CHF position. Gold closed at 1728.103, gain $5.20 and U/C closed at 0.91331, gain $11/- . Leaving Silver to...
Thursday, 17 November 2011

Gold's turn to shine

›
11.40am.. Looking at the 4Hr chart,  there are 3 pin tail pointing up.  Gold is at support level and there is a risk of breaking it and fal...

Silver's turn

›
9.56am. This is a buy based on 30 mins chart instead of the usual 4 Hr.  Silver , Long 20 lots at 31.4067 and 31.4229.  Potential loss = ...

USD/CHF turn today

›
9.30am local time. Cash balance $261/- Gold did a nice fall yesterday without me. I was away having dinner with friends and did not want t...

If...

›
11.01pm local time. Took a time off of 6 hours to meet up with old friends from school. Didn't manage to see the chart till now.  Gold w...

Yo-yo mind

›
3.58pm.. Looking at the 4hr chart,  the price of gold is currently in the NO MAN land. Resistent is at 1772 Support is at 1755. Decided ...
Wednesday, 16 November 2011

That was fast...

›
3.08pm..soon after my earlier post,..my order for short position was triggered. Purchased 1 lot at 1764.96.  Currently showing a loss in pos...

Tight BB

›
3.03pm. Very tight BB in 5 mins chart. Price looks like it's stuck. Trend has been moving up, and with tight BB, I am expecting an expl...

Out again...lesson learnt

›
An hour ago,.. noticing at the 4hr chart that I had  purchased gold at the bottom of the channel, decided to close the position and wait for...

Today's focus will be on Gold

›
10am local time. Current start value = $260/- Looking thru' the overall daily charts, looks like a potential weakening in gold and sil...

Peace of mind needed

›
12.17am.. closed all position.  EA pair lost $1,.. Gold win $16/-. Daughter wanted to watch a movie. I am unable to watch a movie + charts ...

Gold again

›
11.27pm.  Thank goodness for Stop Loss.. the price of gold plunge to 1757 a moment ago. I was stopped out at 1767.98.  Looking at the hourly...

I deserve the losses

›
9.37pm.. Stop loss triggered for gold. Out with a loss of $7/- Okay. so be it. Itchy fingers...Sometimes the trade is not there, and you wan...

Buy Signal at 5 mins chart

›
9.23pm Local time. I usually want to trade at 4Hr chart, but given that the Eur/Aud pair  is in the red, I am looking for something to buy ...

Start again..

›
4.43pm... I didn't rest till now..if you think I have been skivving. It was only now that I decided to push in the order for 2K (1K each...
Tuesday, 15 November 2011

Tired ,..badly needed a nap

›
It's almost 3pm.. European market is opening soon, but I am tired and needed a nap. I cannot risk leaving my open position to chance,.....

New Day with a Buy-Me setting from EUR/AUD pair

›
10 am.  Last night outstanding order of  short AUD/NZD currently shows a profit of 28 pips each or about 2.8$ per 1000 lots (x2). Sighted ...

Last check before bed

›
12.55am Local time. Gold and Silver chart does not look promising, closed 10 lots silver at 34.4361, profit $5.50. Closed 1 lot Gold at 177...

I am a woman,.. I am entitled to change my mind

›
9.21pm.. This is a delayed recording. A minute after closing off the earlier 2 lots of gold.. I relooked at the chart and decided to go for...

Adjust to breakeven

›
8.33pm.  Decided that I should follow my set rules and not acted on impulse. My purchase of silver and gold earlier were based on gut field...

Got into Gold thru' peer pressure

›
8.25pm... went in to buy gold at 1770.189 x 2 lots. It was an impulsive buy since Silver is surging up.  I just want to ride in the trend. ...
Monday, 14 November 2011

Opportunity to short Aud/Nzd?

›
3.35pm local time.  shorted 2 lots , 1000 each of AUD/NZD at price 1.3156 and 1.3155. Stop loss for both set at 1.31961. Potental total lost...

Feeling bored

›
1.30pm Technical Analysis is showing NO TRADE again.. My hands are now itchy.. I wanted to have a trade and get my emotion moving.. so I hun...

Patience is Virtue. Hang in there !!!

›
10am local time. Current holding = 0. Open position as of yesterday triggered both stop loss and take profit. The two Aud/Nzd pair resulted...

Start with the Beginning...

›
any sight of yellow  metal melts my heart. I have a weakness for all things shiny, especially if it comes in a bar,.. shiny gold bar. I sta...
Home
View web version
Powered by Blogger.