Well I miss a really big move when cable move to near 1.5500 as I already planned before, the move is around 200 pips. What a shame, but it's okay, I'm not losing money lol, there is still more chance in the future.
For now, seems like we have triangle consolidation here, the best choice is wait till price close outside of the range, for me, I think it will go up more, because the fed already hinted that they will approve QE-II in next FOMC meeting. I dare to say the dollar will weaken more till end of year, but who knows what will happen, let's wait what the market tell us. If cable goes above 1.5750 I'm going to hold it until 1.6000 or more to 1.7000.
Remember last time I mention 1.5500? the price falling beautifully to that level, not at fix number 1.5500 but you can see clearly a beautiful bounce for around 55 pip. Well, I miss it, because I'm sleeping when that happened.
Because it's already happened, what I want to do now is stay sideline, because tonight there is FOMC meeting to decide rate and also most important announcement from the Fed about quantitative measure for economy, if the fed decided to give more stimulus then we'll have *pump*, *pump*, *pump* (weakening in dollar as fed injecting money to economy).
See some short position? well I'm taking scalp position, currently up around 20 pip and already break even, not a big position comparing to what I want to take at 1.5500. Just ignore this position as it's counter trending relative to longer trend.
If you are looking for short, then it is already too late for now for safe short.
Currently the price moving in bullish area, so to be at the safe side we must play it long until the price tell us not.
Last time when G/U making new high, we see clear divergence in MACD, when the hanging man and bearish engulfing candle appear *Wham* money in the pocket.
For now I think 1.5500 still far, MACD still at bullish side, if you are aggressive, taking long at MA 50 might be good idea (For me, I'll pass, because I don't have much time to monitor the trade).
With all the setup, I'll wait at least till price moving to around 1.5500, see what happen, place bulk order when the direction clear.
Conclusion: No position yet
Last time, I have mentioned 3 of my biggest dreams,
Now I am going to congratulate myself for achieving the nearest one
3. I am going to graduate this month August from university where I left it to pursue work experience, now it's time to graduate.
It is August, and it is exactly as I visualize and dream, but I would like to mention other thing that happened and I think that is amazingly astonishing.
What really astonishing was:
1. 2 years ago, I tell myself, I'll do this seminar without any audience...
you know what, I'm such an introvert guy and shy hehehe.
2. 2 years ago, I tell myself I am going to get at least B for my thesis
3. 2 days before seminar, I'm telling my girlfriend, 5-6 names that will probably test my thesis, and I tell her 2 names that I want to test my thesis.
Right now, you must have know what I want to say, you bet!
I got my first wishes
I got my second wishes
I got my third wishes
I got my dream!
All of them work as I dream, no audience, B, 2 name exactly as I want.
At this point, my conviction that LOA (Law Of Attraction) working is very strong.
It is my addiction right now, it is my passion right now.
Other truth I haven't written is, 2 years ago (22 September 2008) I dream made $1,000 from $10 and that dream happen only 3 month from the day, I made more that.
The point I want to tell is, tell yourself to dream, you can get whatever you want if you think you can.
recently I'm reading Napoleon Hill books, "think and grow rich". in this book, it tells success of Andrew Carnegie, Charles M Schwab, Edison, Ford, and many more. this book go in detail and showing you the formula how you can do it like them.
I love it, especially when telling about faith, always in every religion talking about faith, but never teach how to setup faith in your life. I am not a religious person, but maybe that description is wrong, because I'm religiously believe dream, think it possible and reach it.
Other aspect is burning desire, I'm just halfway finishing the book, can't tell a lot of things, but this book helped me a lot to keep my way straight to my dream.
So, What is your dream / desire? write it down in exact definite measurement, exact time you'll reach it.
after that before going to sleep, read it loud 2 times.
when you wake up, read it again loudly 2 times.
embarrassed?
Ask this question,
How much do you want to pay to achieve your dream?
