ya agree, i dunt use SL anymore, only learn how to take the fluctuation



my floating got about 3000+, then i hentam big lot, the moment i go in, it went negative 170pips my direction or -$1700 within 6hours

like yesterday gold dropped 250pips, sweat


now climb back d, floating about -50 only.....i let it break this high again then i wont trade for the next 2months to come d.....let it ride the megatrend

i only risk my profit, not my capital. total lot size now combined is at 4.25 standard lot ($10 per pip)

kena hell training, can you take a $7,000 swing in floating position in 1 day ?? nearly wanna cry last night, couldnt sleep
nearly wanna go walk at the beach alone at 5AM

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Added on February 25, 2011, 3:29 pmi wanna hold my position for 3months, slowly adding position as my floating profit gets bigger

but yesterday was a bit too aggressive, i dint BUY LOW, i went to BUY HIGH, straight away went and and got a 250pip retracement

then somemore got QADAFI's death news (proves to be fake rumours), crude oil, silver and gold all dip super a lot and super manipulation (price went down about 4AM our local time, blardy manipulation move because they usually do this when the buyers were thin and all the people were sleeping)

This post has been edited by AllnGap: Feb 25 2011, 03:33 PM

yeah usually SL i see scalpers/ea only use.. cause they whack big lots and take only 3 or 4 pips profit.. 1 lot = 10bux , 4 pip 40bux.. do 100 times
4k already hahahahaha

oh you +ve float... -1700 ok la... i kena 1.5k before.. should like do like you "hentam big lot", then retrace yahoo... 1 month trading profit completed in 1 trade hahahahaha

7000 swing should be normal.. im still in my growing account stage, once the amount reach a sizable amount, then profits will just keep rolling in.. , understand ur feeling.. sleep cannot sleep worry cannot worry.. wan cancel but the indicators say gonna change revert soon just HOLD...

i still make small silly mistakes once and then mostly going in too early.. always seem to go in too early by 2 or 3 hours one..

Fortunately I have limited myself to daytrading strategy ... to make sure I can sleep at night hehehehe ...

my floating from + 3000 down to -4000 within a few hours. total swing is $7000, one day RM 21,000

i'm preparing myself mentally for this hell training, just that i dunt expect it to be so volatile until you can see 250pips downward movement in a day.

If i dint put in more this week, my floating will still be in positive position. no stress at all.......thats why have to be disciplined and always be patient and not greedy

This post has been edited by AllnGap: Feb 25 2011, 03:57 PM

words of wisdom...

wallla, all forumer HARDCORE trader la... forex making money rite.. just dont greedy..

i'm trying this indi and make some changes, the result bleh tahan la...

my demo ss

This post has been edited by jebonen: Feb 25 2011, 11:08 PM

just stay as a trader....don't turn into a gambler.

Hi AllnGap, yeah had been cutting small losses since January 2011 till now

I would like to know, wats the minimal of the traders here earn i a day?

minimal? like -5000$.

2011's Top 11 FX Traders on Twitter | Forex Blog: Espipionage http://bit.ly/hMXqfg

hello,

anyone here can share scripts below
1. to close all open position simultineously
2. Time left for candles to complete in all TF

appreciated for sharing

This post has been edited by imax80: Feb 27 2011, 08:13 PM

equity? some broker limit the equity for 3kusd. so when it reached the limit, u must withdraw the money.
unlimited quite easy, every month u just withdraw your profit. for the limited equity, u must withdraw when it reached 3kusd

p/s : for forex otai here can correct me if i'm wrong. :-)

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Added on February 27, 2011, 11:59 pmnice ss dude!

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Added on February 28, 2011, 12:01 ami also found one person, an old man. he only trade 1 hour a day, but get a big buck!. wish i will be like him one day.

This post has been edited by cedin: Feb 28 2011, 12:01 AM

from d day i started trading...i onli earn 6.16usd

the money not easy to get, but easy to fly away.

Perhaps that number very soon become USD6.16k or USD6.16M

I think that normal for the beginner, cannot follow the old timer style...

Wow EU cut through pivot like knife through butter..

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Added on February 28, 2011, 5:11 pmHappy today.. I made 75 pips!

This post has been edited by sabrateur: Feb 28 2011, 05:11 PM

updated

i managed to hold my +ve pips since last week ,and i will close this trade for tomorrow monthly chart next candle movement

frankly , this month is not my perfect streak for me , as i have to hold my guts on EU ,holding more than -900 pips .

saw that EU trade since 02nd feb on that pic ? that's the trade i told you on my previous posting :-/

currently i will try to maintain buy trade on all pairs below

EU EA EJ GU GJ

thats the thing I do, but if u are swing trader u will be thinking....

when u watched TV, u will switch to CNBC once a while,
if u go gym, u will watch CNBC @ gym center too,
b4 u sleep u check price again,
morning b4 breakfast, u check again,
lunch u check again.
Go to shopping u keep wondering what is the price.
for example say...ECB got say XXX today wor, will be talk dovish,hawkish for Euro drop/up 100-300pips in a few days? What about Libya prob, example later if some latest breakthrough news can send oil price shoot up, euro follow up 100-300pips.

with a few thousand to tens of thousand on the table in market, it is hard for a trader not to think at all lol.

Seriously....thats how I dont want to be Swing trader too long lol. Your mind will be full of FX the whole day.

Login get the daily trend, trade a few hours, get out. and completely forget about it, thats a lot better at least for me.

This post has been edited by billytong: Feb 28 2011, 06:07 PM

in my early days of trading(not tht long ago),i would wake up in d middle of d nite...checking my acc...surely not enuf sleep n can affect judgement...

after a while...i juz let it flow...coz i nvr let myself trade exceeding a certain limit...-ve pips,sure,y not...lalalalala...then came the unfortunate event down under,ecb letting a few whisper...all -ve pips turned +ve n reached limits...n thats that