FOREX end-of-week update (22-26 Mar 10)

FOREX end-of-week update (15-19 Mar 10)

Another week of negative result, this is pretty discouraging seriously.  Nevertheless, after a week of tracking and tracing my each and every trade, I realised that I should have been profiting.  The reason for the loses, I would think is due to my risk-reward ratio or rather take profit.  I will be trying out a new plan, basically to take profit fast and have a Stop Lose not more than the risked percentage.  Currently I had been trading with SL but no TP set.  I will be setting TP at risk-reward ratio 1:1 this week.  When I am monitoring my trade, I would basically take profit at 5 pips, depending on the price action of course.  If the movement is strong I can afford to wait if not then 5 pips is more than enough.  A few more trades of 5 pips each could amount to hugh amount too.

Still not giving up... ;p

FOREX end-of-week update (8-12 Mar 10)

Another week of negative result, account shrinking in size again.  Profitable trades were often followed by negative trades, hence only able to minimise my losses throughout the entire week.  Watching and trading price action is not as simple and easy as it seem.  Well, nothing is simple and easy in this world.  It take alots of effort and determination to win the race.  Need to have more patience in trading and making that critical decision.

Attended a career briefing at the end of the week, a career of choice seriously.  After attending it, I do have the urge to sign up for it but it requires one to pay SGD3500 for the course and does not necessarily means employment.  You have to attend the course and show results within 18 weeks to be selected for employment.  I look at it this way, no matter employed or not, it's a skill learned and can be utilised so whether employed or not does not really matter, but since I had been jobless for such a "long" time (almost 5 months to be exact), I simply do not have so much extra cash to sign up for the course unless I have a sponsor.  I find this career to be a rewarding one and it's also one of my career of choice.  I am still considering it seriously though my biggest fall back is the SGD3500. :(

Made in Singapore!

It had been quite awhile since I last went to watch a movie.  Been missing quite a number of shows that I had wanted to watch.  The last movie I watched was "14 Blades", chinese martial art movie about imperial bodyguard who failed his mission and went on to make things "right".

Since I slept through the entire Sunday, decided to watch a couple of movies on monday.  Had my breakfast at nearby coffeeshop and went online to check the showtimes of movies I wanted to watch.  Yes I bought my laptop along to have my breakfast.  After checking the timing and duration of each show, I decided on local made movies, Happy Go Lucky, casted by Fann Wong followed by Being Human Being made by Singapore home grown director Jack Neo.  The latter actually had quite abit of scandal news lately.

Happy Go Lucky

Movie Plot - "Happy Go Lucky" seeks to tackle the issue of gambling in a light-hearted yet touching manner. Hardcore gambler, Hock Lee Poh (Richard Low) is an ardent believer of Feng Shui, but is always down on his luck. His eldest daughter Donna (Patricia Mok), though petty and calculative, spends all her time and money on lavish nightlife and hunky social escorts - till she loses everything in the end. Fu Xin (Fann Wong), Poh's illegitimate second daughter is born at an extremely inauspicious hour and thus labeled as the "jinx" of the family. However, Fu Xin actually is a surreptitious 'Lucky Star' who always manages to turn unfavourable conditions into favourable ones. Fu Xin sacrifices a lot for the family. And in a twist of fate and luck, she unexpectedly helps Poh to win a hefty sum of money. Meanwhile, Poh and Donna find themselves stranded along the streets of Cambodia in a failed attempt to recoup their losses at the gambling tables.

Though the show wasn't as good as I thought it would have been, it does have the FEEL.  It maybe touching but I did not shed a tear, hence you should know that it had not really touched my heart, but again like I say it does have that FEEL.  Will be watching the next movie, Being Human Being at four plus in the afternoon and will update in this same post of the movie...

Being Human Being

Movie Plot - "Being Human Being" touches on the unethical practices of the slimming industry. Lee plays a slimming centre owner whose unscrupulous business methods lead to a chain of consequences, notably the fact that he and his wife (played by Yeo Yann Yann) are unable to conceive a child. The cast also includes Singaporean television host Jeremy Chan, Taiwanese TV host NoNo, Tay Ying Ying, Ng Hui and features an appearance by up-and-coming artiste Mei Xin.

Definitely a better movie compared to Happy Go Lucky and also have touching scene as well as comedy.  The story line was great and it bring out the real society life, though more on the exaggerated side.  I definitely recommend my friends to watch this movie instead.

The next local production will be showing in a few weeks time, and the cast is non other than Fann's husband ;p Kidnapper, I will catch it if I can get the time...

FOREX end-of-week update (1-5 Mar 10)

Started with USD39.43 for the week and end with USD25.77. Such disappointing result but was because I hadn't been patience enough in my trades.  Had a few good trades while some were too implusive.  Targetting to end the mar with at least USD100 in my account.  Will have to be more patience to watch and monitor the price action before taking a trade and this would mean that there maybe days without trade.

If each day ends with a profit, be it 5% or even lower, I would be contented.  The most important thing is at least it's a positive and account is growing, though my daily target is 10%. 

PIPS = Patience is Profits