Happy New Year to all. I wish all of you a PIPSPEROUS 2015.

I am very grateful as I managed to close the month of December 2014 with 76.5% ROI. Personally I am very grateful and thankful to the system I am learning though some mistakes here and there. :p Having done that, the mistakes I made will serve me well in the future so that I don't repeat them.

The "DIP and BOUNCE" in the chart below looks like breaking a major Resistance level. :)

This is the result achieved in October after Bootcamp in Phuket Thailand. A
whopping 3400 pips harvested with 37.6% ROI for the month. What does it mean? This marks the first mile stone towards a Financial Independent life style and I can afford having more dreams with my family.

What are the right things I did in October? (1) Having the right mindset and psychology; (2) Share my understanding with other SRDC traders so that I am aligned with the teaching in case I got part of it wrong; (2) Keep forward testing while taking live AMG500 trades.

As you can see there are some pretty big -ve pips indicated in the charts above. In fact I suffered 2 big losses in the October trades. This is due to over confidence and OVER ANALYSIS, thinking that the market was still heading to the direction I initially perceived. When market gave new signal, I should have followed that new direction. Filtering that wrong compass will be my new goal next month and keep the analyses simple and do not over complicate it.

By the way, I had this surprise BONUS in the same month too that I got the HEDGING part done right. Previously I hedged too many pairs and ended up with having trouble sorting them out. That was messy and good lessons learned.

Have a great month ahead. I can't wait till Monday again as I am suffering "Saturday Blues" due to market is closed over the weekend.

I have been dormant for a while and I think it is time to update my blog again...

Good lessons learned after I lost those I made initially in trading early this year. So I was back to square one. Heading back to basic to re-learn and understand mistakes that I made.

Since then I have been making good progress and I am now more disciplined in trading. Psychological was a bit shaky after the loss due to ego that kicked in to go against what the market was telling me. Now I am all ears listening to what the market is telling me... MUST LISTEN WELL!!! Only then I take the correct actions according to the Market Direction.

Over the last few months since early March till recently, my trading results have been consistently at about 18% ROI per month and I am very grateful for that. Of course there are still rooms for improvement especially psychological part and understanding of the market movement.

I AM BACK!!! :)

Reaping Profit Both Ways

Date 11/October/2013 - RED
SELL Entry @ 1291.77
Exit @ 1268.82
Harvest : 2295 Pips

Date 14/October/2013 - YELLOW
SELL Entry @ 1279.06
Exit @ 1270.10
Harvest : 896 Pips

Date 15/October/2013 - BLUE
SELL Entry @ 1267.84
Exit @ 1254.74
Harvest : 1310 Pips

Date 16/October/2013 - GREEN
BUY Entry @ 1281.09
Exit @ 1288.27
Harvest : 718 Pips

Total harvest in 4 days is 5,219 pips. Consistency is the key to successful trading in addition to having the correct psychology which I mentioned in my earlier blogs.

Trade 0009 & 0010: Slowly Taking Profit from my Learning Session last week

Date 05/August/2013
Entry @ 1310.90
Exit @ 1306.70
Harvest : 420 Pips

Date 06/August/2013
Entry @ 1291.00
Exit @ 1280.50
Harvest : 1050 Pips

My first two trades in the new month - August 2013. The ENTRY for these 2 trades were possumTM!!! Guess what so were the EXIT...

However talking about psychology while trading I still have much to learn and I am not done with it yet at all.

Trade 0009: Recovery Trade

Date 25/July/2013
Entry @ 1319.80
Exit @ 1322.60
Harvest : 120 Pips

Date 31/July/2013
Entry @ 1319.90
Exit @ 1312.30
Harvest : 760 Pips

Well it's end of July. I may not have recovered from last losing trade, I have certainly made the current month with positive performance of +26.8% ROI. This is great experience learning and applying the new 'e'-technique.

Keep Moving Forward with clear vision... to achieve my DREAMS...

Trade 0008: Cut Loss with a Positive Mindset

Date 24/July/2013
Entry @ 1330.60
Exit @ 1344.40
Harvest : -1380 Pips

I must admit I was wrong. During price reversal to a certain level, I have to cut loss no matter what. This is a great example and a reminder for myself that I need to keep learning and see the plan thoroughly. Psychologically I feel great as I do not "revenge". The techniques I am learning is not just about winning, but also having the ability to recover from losses in case that I am wrong. Learn from the losses and moving to the NEXT trade!