hah he's an IB(introducer broker) i'm not.
but he's a good trader, show off his account and if there's anyone here wish to see it real n live n wish him to trade for, can look for me haha xD

just sharing.
good luck !

i recommend this site for those who wants to learn more about trading.
free and excellent analysis.

www.50pipsfx.com

hahah!!! this is nice!!~~~~!!!


haha~~~all traders will go through d same process wether u like it or not..YEEHAAAAA~~!!!~~~

edited: how come u say VSA is biggest joke? its vry vry good type of analysis... but d original concept is not like wat u seen in d topic at forexfactory....


different indicator calculates differently. using it blindly results in non consistency. llol. i still prefer d oldies indi which has proven survive time from time.. XD

again, i always think R:R is nonsense. XD no offense.



This post has been edited by low yat 82: Jan 3 2011, 08:58 PM

Technical Indicators are just historical data represented in different forms. I'm using just the most raw form of indicator a.k.a. candlesticks as i found it is good enough for me.

If anyone found an indicator that shows future price let me know ya I'll trade my soul for it.

Trade your system with bad R:R for one year my friend, start from today 03 Jan 2011 until 03 Jan 2012, if you are still profitable, you are the man, you don't need to be honest with people here, just be honest to yourself

rofl... soli my fren. my risk definition is different from other. thus it doesnt apply on me XD

R:R = pips:time , so, it cant work......

4years bc, i was naive.. numerous times saw my profit turns to losses jus bcoz of myth of d so call "R:R"

question:
y metatrader4 current time is different from new york time?
now new york is 4.58 n mt4 is 8.58...weirdie

first of all VSA can never be applied in the forex market because you never know the size of the contract itself per tick and broker's data is different(retail), only higher tier transaction data can be used, so the basic data information is already flawed
even so as i said again, it cannot tell you roughly it can go how much further.
if you wanna use VSA, better bribe someone working in the big banks' trading room to feed you info sure win if you know what they gonna do next



let me put it like this, IMHO,

this market is super manipulative due to the nature of the players which are big banks. These big banks have got so much money they can move the market whichever direction that they want, i've back tested the fakey(whether you call it as pullback/retest, or banks getting better price ?) for intraday is about 30 to 50pips range (4H will be about 80pips), so this amount will be the amount of SL you have to put, without a good R & R, no system can win because your odds wouldnt be by ur side.


let me rephrase this, indicators can give you a good entry, but without a good strategy, you cannot win.

have you noticed that everytime you make the trade, the move goes opposite you ? this is because of the knowledge that we know kills us. We wanted more and more confirmation, lets say engulfing candle before entry, once we go in, the price pullback.
I personally believe that trendline and SR is the most reliable tools you can use

stochastic for a trending condition will always go at the extreme, lets say LONG, it will remain at the Overbought level....
what the book said ? the book ask you to short because it is at OB level

i'm talking about reliability of indicator + a good strategy

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Added on January 4, 2011, 8:43 am

you see how simple it is, no more confusion, just wait, kasi dia pecah

This post has been edited by AllnGap: Jan 4 2011, 08:43 AM

HAHAHA!!~~~ GOOD EXPLANATIONS N NICE CHARTTTT.

ok. u r partially correct ab d VSA. but if u examine from 1 broker to others. there r onli few broker where VSA works pretty fine. i.e. interbankfx is 1 of dat hav frantically movement (fluctuation) where VSA at most time doesnt valid.

i'll stop comment ab R&R. we hav different view of risk definition.

usually, when it move against me, n didnt hit my SL, i use it to forecast my TP, i.e. it move 40pips against me, so my TP will b 40 x X = 40X.

IMHO, oscillation indi hav other usage rather than d normal overbought or oversold.....

i simply like simplicity lo.....
till the end of the day, everything is about warfare, traps are set by the sharks to trap planktons like us

what i know is that the reliability of the system is the most important thing of all, lets say for turtle traders, if they are unable to filter sideway market false signal, then they'll lose money, i wanna be a no brainer, no need to think so much before trading, just let the system tell me where to trade and when to trade and which direction to trade

ps, my chart not that messy, just to show you how many trading possibilities within 2days

i've made the trendline indicator that gives alert, and change the alert wav files to Sam Hui's Choi San Dou.......damn syok....i go do other things and wait for the Money song to play

WAKAUUUUU..SO NICEEEEEEE... DATS WAT I RIKE AB MT4!!!~~!! currently usin fxcm trade station by fxcm.....

Lowyat 82: Yea u cant apply R:R coz ur risk percentage is way too high, bt neverthelest if u r comfortabe with it then thats fine, ur mm is like one of the legendary trader Jesse Livermore, the boy plunger.. XD

Bt i still agree wiv Bulkbiz R:R s imp, in the long run is how u manage ur profits.. my opinion ONLY

AllnGap: thats quite a gud chart der, btw, how often does false breakout occur using this system?

false breakout occurs usually during market opening hours, so wait wait and wait....best if avoid the first move during opening hours, and becareful if it goes into a triangle....

anyway, if you're fast you can even grab some pips

just look at AU today, i placed the trade yesterday, risk = 25pips, reward = 100pips

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Added on January 4, 2011, 3:45 pmEU/CHF just had a 55pips move


NZD, same case.



This post has been edited by AllnGap: Jan 4 2011, 03:45 PM

lolol.. i dun wanna commit suicide

@allngap
can put in spoiler or resize? its kinda big..lol

btw, NZD so power a? got alot of gaps...lol..

AllnGap: Oh ic, wow if u keep on trading like this ur gonna be financially free in no time, like lowyat 82 100% per month, hehe.. XD

This post has been edited by Volatile369: Jan 4 2011, 03:59 PM

my acc capital has reduced to 80% liao lo..lolol

currently lookin at GU. waitin for more price action. but may skip also as d stop loss is kinda big.

Adui, don worry man, jiayou!!!

u see a lot of signal because a lot of them are switching direction at H4 atm, AU, CHF, NZD switching atm.

GU havent break south yet.....so wait wait......too bored, just spend 5minutes on each chart and then wait for the next signal to come.....

i just wanna hit my monthly pips of 300pips can d, i believe this system if you're diligent, can get more than 200pips per week easily.

And the most important thing is that it is simple, no need so many indicators, my last template had about 14 indicators, and i made the checklist, it's about 7 signal confirmation, after 2weeks trading on it, i only get confusion and loss

i even have customized my M5 fractals to look like M15 fractals but still the efficiency not good la


sorry, i trade on my 27" LCD, so the resolution is bigger, will resize next time

BAH!!! MISSED A GOOD ENTRY POINT. i let it run la..zzz.

IMHO, currently GU n GJ shows d same goodie... i guess its moving for 5.30pm news...

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Added on January 4, 2011, 4:21 pm

This post has been edited by low yat 82: Jan 4 2011, 04:21 PM

kk, will resize, this NZD, when USD got movement, sometimes correlate with AU, then it'll move....now u know la USD so weak