A300 16Dec2013

A300 activated at 20:00. Did not enter the trade as the previous candles closed exactly at yesterday's 2nd half ambuyat and completed today's 2nd ambuyat, even though the previous candles closed past SRDC 3. One deduction is that the SRDC3 momentum is lost once the candles complete the ambuyat. The momentum of moving up was noted at 18:00 (around 900 pips if entered at 18:00 based on SRDC3 indicator). I entered A300 trade mentally upon the candle retraced to the origin (22:00).

There was a mixed feeling this morning - worried as the candles did not close past SRDC3 Tokyo, hence no indication of moving upwards; happy as I entered the trade mentally because my pocket will not take the hit physically should it be a losing trade. Nevertheless, the potential harvest is around 500 pips from 07:00 to 09:00 today.

Forward testing really plays a part in trading psychology. After learning from previous mistakes, I have become more and more disciplined in trading. Whenever I am unsure, I always do mental trade.

-Stay humble. Stay hungry for knowledge-