looks like manual day trading is taking its tol on me.. tired, everytime I wanna go sleep I have position on and need to clear bfore I log.. just 30mins later its start to go further, nothing is more frustating when you took profit early and see it runs to hundreds of pips after you went out... Looks like im gonna have to make my own ea... delving into c programming now.. anyone here a programer?

thanks bro..

reading it thru now...
good recommendation

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Added on February 21, 2010, 3:37 pmgonna give it a shot if its fits the trading plan & target
was thinking of this too.. but trading plan base on intraday..
going for ea first... plan b - what you suggested

This post has been edited by Sham903n: Feb 21 2010, 03:37 PM

lemme share another 1 of many "mind/emotion tools" that you can use in your trading plan to reduce greed affect; our mind can see and filter info.. but our subconcious mind will take everything as it is.. like a little kid so gullible..
What you can do to maintain your sane trading decision is by taking out profit and leave your original balance. Your subconcious mind will think your acct never grow and will not let you think that you're superman. Move the profit to another account or withdraw..
This is not suitable for someone who is already steady with their trading mind/decision or using EA.. but good for new trader who is struggling with growing his account.. once you reach a certain amt in the safe keep account you may use it to double your deposit.. that way your mind think its not profit made but money earn being risk to trade and will be more careful
*its an Art because you have to use Experience and Judgement to make decision.
*its Science because youre using Mathematical Process from past history to make decision.
its balancing both to reach your goal..

This post has been edited by Sham903n: Feb 27 2010, 07:35 AM

if you have no open position..
start fresh.. take a long holiday..
after that go thru what went wrong,
put it on paper and look at it like a picture painted by someone else hanging on the wall.. detached
its a lesson paid.. lesson learnt.. move on, start fresh with what you learn
*why they call law firm or klinik a practice.... because they never stop learning.. so do trader should never stop learning..*

This post has been edited by Sham903n: Feb 27 2010, 12:24 PM

understand whats a "boiler room" they will "goreng" the money until theres nothing left..
stay away from managed forex account.. unless its Ed Seykota or Gorge Soros funds and unless its a Registered legal FX Fund Manage Company with BNM.

This post has been edited by Sham903n: Feb 28 2010, 11:56 PM

it is illegal to advertise and collect money from the public for any kind of manage funds unless it is approved by BNM.. if BNM received complaint that a company or individual exist, they will seize everything. so becareful.

anyone here member of the trading tribe?

im a student of a trading group.. im not allowed to share it "trading stratergy".. nda.. I must say.. account grow steadily.. first time ive come across that group.. I thought its just another scam.. but after a family member urge me to go, even offered to pay the fee for me.. I took the plunged paying the fees my self to try to proof her wrong.. its seems that I was wrong about judging too early.. thank god I found that teacher
now which way the market choose to go.. I made profit.. literally..
its funny how a teacher who charges less than 1k for the knowledge can make a whole lot of difference..$$$
every one of us was given the same receipe... but each cook brings different results..

This post has been edited by Sham903n: Mar 3 2010, 02:02 PM

scalping is addictive but tiring... , when I scalp I dont use whats thought in our trading group. I use 1 ocilators, 2 ma, 1 custom indi, each one shows me entry, exit and its the current range... im currently learning MQL4 programming.. hopefully one day I can program an EA.. it will take out the emotional/mental element and change it to mechanical..
Im currently changing from scalping to position holder possibly more than a month.. I have a few open position... currently my longest trade started at 2nd March with total >20% floating profit from my total equity, not bad for 2 weeks. We will see if I can fish more moolaah.. next week.. still learning not to take profit early.. arghh so tempting to close all position...
oh ya.. im a gamer 15years ago and still a gamer now.. I play online game while im trading..since my pc can Multi-trade with 4core cpu easy now.. at least it kills some of the waiting/monitoring time and keep my emotion occupied with somthing else..lately I start to feel long term position holder is right for me.. getting old i guess..
ohh one more thing.. "trust me, once you go live, you will learn... alot"
all the best in your scalp trades..

This post has been edited by Sham903n: Mar 14 2010, 01:00 AM

Bot?
some call it robot/bot/expert advisor/MQL4 programing but what ever it is.. its method of manual trading made automated/machanical..
One should understand the criteria of certain EA before using them.. dont just pick up one free on the net and use..
because some EA are not made for your Broker... so chk for compatibility... mercedes parts can use in proton?
google it up..

pro's and con
EA can give you signals to buy or sell, also can make the trading automated for you.. so not all EA the same.. some just calculate all open positions..

if you are new trader, using this you will never learn the essence of trading... usually people who is experience in trading use custom ea derived from their own trading strategies.. would you trust some stranger method risking your cash by using EA ? its like giving your money to some stranger to trade, scary...

This post has been edited by Sham903n: Mar 16 2010, 12:44 AM

if you want to go to the seminar... this is the criteria you should ask the speaker before you go.. is he a fulltime trader, if so is he making money?.. you dont want a fx loser to teach you make money dont ya... if he is willing to teach for your money then he is willing to let you see his live account since he first started until current.. track record.. how many ex student of his made money.. plus if he conduct seminar with live feed of price to proof his method and not just historical data where you already know whats the 4D number thats already out.. and can he give you money back policy if you dont make money with his method.. if the picture not fit.. dont bother..
holy grail? maybe.. but if you think properly.. these are simple question.. if you ready to take other ppls money you gotta be ready with proof..

This post has been edited by Sham903n: Mar 17 2010, 01:22 PM

I can tell ya that our group uses insta.. no problem with withdrawal.. theres more than 100 of us.. so if theres any problem we should have known already..
problem is some people who never used them vouching other wise

This post has been edited by Sham903n: Mar 17 2010, 01:42 PM

1 mill in a few months.. wow.. my target is 2 years..
if I were you ill take the 200% profit and leave the original money and try again.. atleast you got your money back plus profit 100%
good luck

Just saw your statement.. holycrap what ratio are you using? if 1 pip = 10usd, thats like for a person who is using the number1 rule of MM you are trading as if you got 200k..

*correction on the pips value*

This post has been edited by Sham903n: Mar 22 2010, 08:14 AM

Holycrap... feng shui.. in fx trading.. reminds me of the book about reading the stars for dow jones... later i guess we will have "Dukun FX" or "Fortune Reader for FX" saying wait your name not good for fx trading but fish trading better... ok that would be RM15k pls..

I believe anyone can make 1 million from 100... like I said before this fx is the last few places where you can do so.. but timeframe may vary.. I know personally a friend make 10k from 100 in a month but never in less than a month 1k to RM1mill.. but if you look closely if my friend can make RM350 to RM35,000 in a month.. but then again if he already have 35,000 for the second month he can make 3,500,000 on the 3rd month...lol... all the best.. if you reach there.. dont forget us down below for yam cha

This post has been edited by Sham903n: Mar 22 2010, 04:18 PM

LOL... yeah... scary

are you using martingale Thomas? scary..
but the odds in crap table vs fx trading is much different... seems like fx have better % of winning vs gambling crap..

This post has been edited by Sham903n: Mar 23 2010, 11:14 AM

you didnt lose anything.. you just lose a taste of winning.. you still have your 1k.. thats why I said take it out.. so you trading with nothing.. cause your capital is back in your hands..

this reinforce the saying "95% in the losing group.. and 5% in the winning"... trade carefully... most importantly learn from it.. or get slap by the market over and over.... latest book from Van Tharp says entry is not important.. but the exit is... and also MM...

sorry guys its hard copy bought from Amazon.com..
latest book I got from Amazon arrived on Monday is "Expert Advisor Programming - creating Automated Trading System in MQL for MetaTrader4" by Adrew R.Young.. so far so good...

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Added on March 25, 2010, 1:02 amlol

This post has been edited by Sham903n: Mar 25 2010, 01:02 AM