Forex Trading for fun

I have been trading with stocks and forex for a while, make a decent profit with stocks (more on my stocks portfolio in another post)  but not much luck with Forex.
I have been using forex as entertainment, something akin to small scale casino fun for the past few months.

Anyway, i have decided to take forex more seriously now, with slightly bigger plays and more attention and homework to all the price actions.

I am not a big fan of candlesticks, so most of my own trades are not on big PA movements like falling star, doji, hangman etc etc.
When I do look at such candlestick PA, it is usually the daily chart.
And if the PA occurs on a Weekly chart, it will reinforce my conviction on the trade.

What then do I use to make my FOREX call?
I look at all the resistance and support lines (only when I have time to do live trade and is prepared to enter in and out of the market numerously to ensure small SL, and to ride the trend when I am correct), coupled with a large dose of some trading tactics I have learnt, essentially on when to test the line, and when to enter bigger at the right price. I will slowly utilise all these tactics and share only when I get more and more confident....

So for the past week actions (which I am still holding on to trades)

16/09/2013

XAU / USD (shorted last week till TP at 1320)
Long trade now
Today 930am bought at 1324.18
TP @ 1360
SL @ 1321

USD/JPY
Short trade at 99.495 (was watching it to cross 99.5 line)
TP @ 98
SL @ 99.5 (SL has been moved to 99.2)

EUR / USD
Long trade at 1.33165
TP @ 1.339
SL @ 1.35 ( SL has now been moved to 1.332)

AUD / USD
Long trade bought at 0.92701
TP @ 0.9478
SL @ (moved today to 0.93)

This blogpost is for myself, so that I can make all my analysis more serious (rather than treat this like a casino game).

Jstock app to monitor your stock portfolio (or watchlist)

I have been using an app for monitoring my stocks and I love it as it is simple and easy to use. Its a great tool to monitor overall stock portfolio. Those who like to try this app can read the review by the person below:-


We just release first version of JStock Android. A stock market software which makes your stock investment fun and easy. This is the only software, which can integrate seamless with Windows, Linux, OSX's JStock.

JStock on Windows, Linux and OSX is free and open source. You can get an absolutely free copy from JStock - Free Stock Market Software.
Or search for Jstock on Android Play Store on your phone.

JStock on Android itself is freemium. You are free to try out selected feature. You may then later decide to upgrade it, if you are happy with the app. You may give it a try from https://play.google.com/store/apps/details?id=org.yccheok.jstock.gui]https://play.google.com/store/apps/details?id=org.yccheok.jstock.gui

Both Android and Desktop app can share their data seamless through cloud storage.

Feel free to give it a try. We would like to hear your feedback. Thank you and have a nice day.
We do have a promo video on this app :



Here are some screenshots regarding JStock Android.

Please do provide any feedbacks on the app.