AUDJPY Technical Analysis For Your Learning: 2 June 2016, Thursday, 11.10am Singapore Time

AUDJPY Technical Analysis For Your Learning: 
2 June 2016, Thursday, 11.10am Singapore Time

Attached above is the latest AUDJPY Technical Analysis.
Refer to the recent past live analysis which I made 2 days ago and entered the trade:

http://donovan-ang.blogspot.sg/2016/05/audjpy-technical-analysis-31-may-2016.html

After giving the yellow flag and amber flag benefit of doubt, the red flag appeared today.
I have made the decision to cut all losses in this trade right now for risk management purposes.

Main consideration:
Technicals which led me to make the judgement of cutting as early as possible is on chart as above: yellow flag, amber flag and red flag. This is to limit the damage to as minimal as possible although the damage from a wrong short-term trade judgement had been committed.

Above are the losses in (￥) Japanese Yen (JPY).
Below are the losses converted into (SD) Singapore Dollar (SGD).

Losses in this trade:
- S$ 22,765 SGD
(A loss of -$22,765 in mere 2 days due to error in technical judgement is considered a bad trade)

Cumulative:

S$ 1,154,915 - S$ 22,765
= + S$ 1,132,150 SGD

Trading Journal:

http://donovan-ang.blogspot.sg/search/label/Trading%20Journal

Donovan Norfolk Ang

AUDJPY Technical Analysis: 31 May 2016, Tuesday, 12.36pm Singapore Time

AUDJPY Technical Analysis: 

31 May 2016, Tuesday, 12.36pm Singapore Time

AUDJPY Long with Stop-loss and Target Profit as above.
Short term counter-trend trade using counter-trend momentum.
Main trend: down with counter-trend: up
(Fast Money)

Donovan Norfolk Ang

AUDJPY Technical Analysis For Your Learning : 14 January 2016, Thursday, 8.05am Singapore Time

Attached above is the 4-hourly chart for AUDJPY.

Quite lucky that I longed only mini-contracts. My consideration when I longed was that this is a counter-trend trade to catch a dead cat rebound. Counter-trends are relatively more high risk but usually with good reward. The reward-risk ratio when the trade was taken was good: http://donovan-ang.blogspot.sg/2016/01/audjpy-13-january-2016-wednesday-952am.html. The trade gave immediate profits. It then turned into a loss, and I have decided to exit with a loss due to the higher risk now.

Enforced discipline to cut and exit on intra-day breakdown of pink trend support.

Above are the losses in (￥) Japanese Yen.
Below are the losses converted into SGD.

Profits in this trade:

 -￥505,800
(-$S 6,344 SGD)

Cumulative:
S$ 31,072 - S$ 6,344
= S$ 24,728 SGD

Trading Journal:

http://donovan-ang.blogspot.sg/search/label/Trading%20Journal

Donovan Norfolk Ang

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AUDJPY: 13 January 2016, Wednesday, 9.52am Singapore Time

AUDJPY: 

13 January 2016, Wednesday, 9.52am Singapore Time

Dead Cat Bounce in progress.

Target: 

Red Band Resistance

Donovan Norfolk Ang

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