Trade Forex with Your Baby on Your Lap

hehehhehehhe interesting title eh?....

I am a working father whose family is a sea part away.  Yes... I work in Jakarta while my family (a wife and a baby boy - today six months old) lives in Lampung.  I've been looking ways so that I can work near my family, preferably from home.  I started the unit link insurance business for almost a year now.  Now I'm practicing the forex trading.  I was intrigued by a friend who works as a stock trader.  After a search and a study over the net I decided to try it.

Now I am on a long Lebaran Holiday so I practice from home.  Since Missus still works today, I also have to sit Val.  Well.. there are Uti, Uta and Aunty Novi but heyy... I can't just sit in front of my laptop while my kid is crying right?

So after several hours here are some tips so that you can trade peacefully (note: I lost around 70 pips this morning - half of I made last week - because I couldn't concentrate on the trade)

1. Put a comfortable playground near your trading desk.  Always be around your baby so you can attend his needs.
2. Note your baby bed times.  Baby does sleep alot but the length varies.  Usually baby sleeps around 1 - 2 hours in the morning and longer in the afternoon.  Try to watch the chart while your baby asleep.  Be careful... baby can be so cute when he sleeps and you might be mesmerized then ignore your pips going against you
3. Prepare the milk.  Milk can prolong baby's sleep.  REMEMBER THAT 0 - 1 YEAR OLD BABY HAS TO BE FEED AT LEAST EVERY 2 HOURS.  Prepare your baby's milk so that he can be fed right away.  Milk can also prolong his sleep.
4. Prepare his favorite toys.  Baby can be left alone with his favorite safe toys.  Let him play on his ground
5. If you are to leave your monitor, make sure the setup is right.  NEVER leave the monitor without a stop loss!!
6. Try to establish a longer trade so that you can spend more time playing with your baby without worrying over a trade.
7. Try to be a swing trader so that you won't have to worry about this... hehehhehhe

Note. I am an intraday type

Buy EU today

I began to take trading more seriously.  I've been reading the materials for months now, spent 10$ from marketiva, stop thinking about trading... then now.. I trade demo account.  Pak Rio, a nice friend I met in J Fox milis, suggested to make a trading journal to make it more real.  So here it is.

Usually I traded GBP/JPY but then I realized that the spread is always big!!!  So I changed to EUR/USD now.  The daily range and activity is also good.  Alexees, an old forum friend, also suggested so.  He said the pair is good for 20 - 30 pips a day. Especially at midday (11 AM - 13 PM Jakarta Time)

So... in this first trading journal.... I opened a position just now.  Since the trend is still up (it's been up for days) I opened a long position.  

Trending confimation:

1. D1 price going up, short MA cutting long MA from below pointing up
2. H4 going up, short MA still diverging from long MA
3. M15 ranging on fibbo, short MA cutting long MA from below pointing up
4. M5 ranging on fibbo, short MA cutting long MA from below pointing up 
5. MACD on D1 is pointing up with low volume
6. MACD on H4 is pointing up with stable high volume
7. There are some stochastic... but let's forget it for mean time... too many indicators give me headache

aiieee.... my greed overcame me... I just lost 50 pips.  Now... worse.. I got unrealized loss LoL... yahh... let's see some progress before making a cut loss.  If the ranging on M5 is correct then it will rebound so... I opened another position 1.4780

FYI I made a bad trading decision last nigth and cut a loss of more than 500 pips.

ohh... a picture EUR/USD M5.  Pic too big so I cut it and only shows the range on which I traded

ok... Meanwhile.. let's just stick to these two positions.  It's a long position anyway... so hopefully the up trend on D1 and H4 keep going