Anything to do with this? USD/CAD. or you are just flooding the thread Mr SapaSapa. 

Anyhow, anyone has any idea what happen to USD pairs? And gold and silver are dropping excessively...

Gold last lowest: 1647.80/oz
Silver last lowest: 29.80/oz

Doesnt matter if your system can make 50%-90% correct trades if your MM still at level 0... you will still lose money in the end.
if you dont understand this, than you have long way to go = more money to lose, many frustration of making the same mistake over, over, over again..

you can build a 100 storey building... but if your foundation weak(MM) its just a matter of time bfore it collapse..

too bad the latest national fatwa says I cant trade anymore.. doing gold/silver with 1:1, I hope instaforex can get a Syariah advisor to offer to us a usable instrument to trade..

waiting for next candle to go south ..but expecting some corrective trend next monday ..that's for sure

I'm using platform MT5 below and using Chaos system by Bill William , and using BW trade in the zone ..abit ok for me as it already shown how to read the graph based on AO and AC movement

if AO and AC white = candle white (bull trade)
if AO and AC red    = candle red (bear trade)

if AO red and AC white = candle grey (ranging..dont trade. just wait. Else just put trailing stop to secure your profit)
if AO white and AC red = candle grey (ranging..dont trade. just wait. Else just put trailing stop to secure your profit)

actually the grey candle is based on AC/AO changing . we can trade during grey candle happened , but risk is there.

so what we can do , we just put trailing stop (at least 55 pips) ..thats depending on Alligator (the 3 MA line on the chart)

need to study Trading Chaos book


fruit for thought . please care to comment

I already loss 2 thousand in Forex.
Now, retire already.
Need guidance or group more easy i think.
More head more idea and more experiences.

Oh Quinn , my fren ..where have u been..long time no hear from you leh.
I still treat trading as part time only as not as expert as u guys.
Eh boss, play computer game also need strategy, time and effort leh..like play starcraft..need strategy..not simply press mouse only neh...hahahha....
Dont angry ya..i talk crap again

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Added on October 14, 2011, 3:12 pm
I am fan of martingale. cos i dont know how to predict trend accurately. what is the other half to make martingale fully powerful? pls share

Today's trade... as usual.. slow monday...
EUR$ : long after it bounced previous high... went to enter too early... itchy fingers... not so convincing closing but will hold.. AUD$ closed above high.. holding...
AUD$: don't know why but went long... i'm thinking if EUR$ up AUD,NZD,GBP$ also up... theory? past memory tells me to go long 
hahahahaha... closing trade in red color....
WOW!.... now where will thing go...

Thank you for the advice FxPlayboy and poks. I'm now focusing on TF of 30mins and above. It does feels more relax this way, in regards that I don't constantly see the graph making new candle sticks and going up and down too often.

I've also always come upon articles mentioning about finding your own trading style, and comments from both of you, a real trader, just made it more concrete. I will find my trading style, and I might have just found it  

I am now analyzing my chart, taking advantage of the drawing of support and resistance line based on past graphs. As I am typing this, I've made some healthy 57 pips on my account shorting Eur/Usd. yay! I will however not rest on my laurels.

I have this one question though, if you guys trade based on a large timeframe, perhaps more than 30minutes, how often do you check back on your trades? Do you leave it for an hour, or do you just leave the computer on and check every minute? Or is there a specific time range that one should check on his trades? Maybe very often before a news is announced we should check, no?

Thank you very much!

nahh....
if trading is in your blood... you'll be dead if you don't see your charts...
nowadays people got so much time and sit in front of pc.....
my terminal is always open... good practice to control your itchy fingers & stick to your plan...
it just that you only need to check your chart every 4H in my case ..

hmm... since I see that AuD & EuD is quite similar.. and looking that EuD already going down quite a number of pips, AuD is still up there, turning it's way downwards.

Does this mean that AuD is lagging somehow, so from the graph of EuD(on a downward graph), we could take advantage of it and use it on AuD(shorting AuD)? What do you guys think? better, lets see the result later.

suddenly mph come out from nowhere........ how r u bro...

eu still bearish till it kiss 1.333X area... mmm just fr my sengal chart...