Post-entry emotions

I felt I was not adhering to my wait at 15.48 level for DBS. My fear on that day on entry is the fear of missing out. Well there is no clear cut right or wrong. But it shows a discipline issue. If I stuck to my discipline I could get in at 15.48 today easily. If it ran away today to greener pastures, I would probably be cursing inwardly over that 'few cents'. But really I think I will be quite zen about it and just BE.

So what? Miss, miss. A bit no discipline, so? Relac la...

BTW, my stop loss level for DBS is 15.21, probably 15.18 I will do some chopping.

Bought DBS at 15.54

Stalking DBS

I have filtered out Golden Agri and DBS as potential stocks to buy.I am going to give Golden Agri a miss because the reward:risk ratio is now less than 3:1.

DBS is forming a cup and handle formation, one of my favourite patterns in trading forex EURUSD.I will wait till the handle forms nicely before I go in at the bottom of the handle.

15.74 is the breakout of this pattern. 15.21 is a major support that goes back to 2009 Feb and May. 15.21 should also be the bottom of the handle. If DBS leaves the station from 15.48 tomorrow, I am not chasing, as the handle is too short. And such a move is liable to break down as it is to break further up.

Observation mode for now

If the bullishness continues, I will wait for a correction in the STI before trading further. Till then I am just observing.

I am currently reading this fabulous book: "Techniques of Tape Reading" by Vadym Graifer and Christopher Schumacher. It tells it like it is. Reality trading. How risk should always be on your mind. Risk and emotional management. Rewards must always come later.

Why am I reading this book? I am training to trade the forex market.