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 Forex | Version 9, Foreign Exchange Market Discussion

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wschoo26
post Sep 7 2011, 12:19 AM

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QUOTE(Quinn @ Sep 6 2011, 05:03 PM)
I think the answer to everything is about how much you understand your indicator & how you are managing your risk. We are not able to predict the future. But we can forecast the movement. End of the day, how much we are going to profit is how we manage our risk. If you know your indicator well, any indicator will also work. The weakness, it is often the trader itself.

I hereby attach an article by my ichimoku friend, Asher. The topic is, who is the worst enemy of a trader? Try take a pick before you read,...

1. Fear
2. Greed
3. Lack of understanding
4. Ego
5. Strong opinion
6. The indicator/method used by 95% by traders in market

http://www.ichi360.com/?p=3004
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Like +1
wschoo26
post Sep 21 2011, 05:32 PM

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Trader cycle...is it true?
Trader cycle
wschoo26
post Oct 11 2011, 10:41 PM

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QUOTE(kevler @ Oct 11 2011, 05:20 PM)
what happen if MY take this action
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I wonder when will Msia will do the same tongue.gif


Added on October 11, 2011, 10:46 pm
QUOTE(wschoo26 @ Oct 11 2011, 10:41 PM)
I wonder when will Msia will do the same tongue.gif
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I still not give up on robot trading as i cannot guess like those expert traders where the price will go ....i create online mt4 statement.....go to akirachoo.blogspot.com and click the link inside mt4 statement..martingale robot in action...witness yourself....may blow the account if greedy...hehehehe.Check for account growth or bankcrupt whenever u like. I close my mt4 night time from 12 am to 9am

This post has been edited by wschoo26: Oct 11 2011, 10:46 PM
wschoo26
post Oct 12 2011, 11:13 AM

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QUOTE(poks @ Oct 12 2011, 10:20 AM)
looks like they gonna ban the website (referring to the Turks)... if the ban MT4,MT5, etc etc access then forex trading is history here...

still on robot?  biggrin.gif
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then migrate to indonesia, spore, thailand etc etc..heheheh
yes bro, still on robot. I cant see where the price will go..the more i see , the more headache i get..what to do..not expert as you guys sad.gif
long time no see thomas here also..maybe he billionaire already. U also good as i saw yr posting sometimes u can earn thousand in a day trading...a lot master hiding , zip their mouth here and watching newbie like me talking nonsense sad.gif
doesnt matter la ...cos i am a nonsense also..hahhaha
wschoo26
post Oct 13 2011, 08:36 PM

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QUOTE(patnam @ Oct 13 2011, 08:17 PM)
i feel no longer interest on forex trading...
a lot of people make reviews that all the forex trading are scam and cheat...
cannot be trusted as in fact 95% of people lose a lot of money...
only to do forex is to be a banker as ownself...
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can be done...if a business that has easy entry...then a lot people are doing it...if a business that has hard entry...then it is an edge if u succeeded it as u can dominate the business.
Normally those u succeeded will keep their secret cos it is their hard earned 'formula' eg bulkbiz. thats explain 10% richman in the world, maybe 80% normal ppl striving 9 to 5 job(rat race), 10% stuck in poorman world(rough stats only)..i dont dare simply say anything here as i saw 'war of words' between poks with some other guy here.
maybe u can see some other trader trading statement (updated every 5 minutes) to witness it.
http://financialmy.mt4live.com
Quinn also good in his ichimoku skill as well as poks in manual trading skill, and many others. Thomas, my idol, missing in action..probably become billionaire with his sharp and accurate entry..hehe..
wschoo26
post Oct 13 2011, 10:24 PM

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QUOTE(poks @ Oct 13 2011, 09:00 PM)
we're ok hereĀ  biggrin.gif

just misunderstanding...

forex is never easy... in my case countless hours of reading ... thinking... analyzing... etc etc...
not for those who give up easily... anyway i still amazed by ichimoku.... now where is quinn...
closing eur... seems like gonna reverse...

i came across this video... funny but true.. always try to think what the big boys will try to do next ;
http://www.youtube.com/watch?v=6nzDs_rcII0
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correct correct..very agree with the video..looks like he is using martingale also...kakkaka. i went thru those experience..feel like end of the world...all your hard saving just gone in a day..give u ms universe that night..u also no mood.
trading is not for those give up easily...very true very true. but if think positive..wat is better than trading? no inventory to maintain, no need hire staff, no deadline, no need scold by boss, at yr own sweet time, no backstabbing, no gossiping.
I went to a lot preview lately..just summarise something
1) if a business risk can be control ...got for it..do sth that risk is controlable as in trading ..u can put stop loss
2) Repeat profit -eg u sell a coke..u earn profit rm0.50...every time u sell , u get another rm0.50 each time..repeatable profit process..thats wat business is..keep repeating the process. same in trading..just repeat yr profitable system and make money.

I trying 123 trading with risk:reward ratio 1:2 or 1:1 cos after attending those preview..they make a point..how many times u guess the correct direction in trading. Even with 50% accuracy, you still can profit with good MM. i go in usa timezone..most active hour as night time i free also..take it as play some computer game only...hahaha
123
more 123

This post has been edited by wschoo26: Oct 13 2011, 10:28 PM
wschoo26
post Oct 14 2011, 03:09 PM

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QUOTE(Quinn @ Oct 14 2011, 09:40 AM)
Let me know the challenges u face with this method. I'm interested to discuss more.

Also if u decided to treat as play computer game, then it is unlikely u may see success. Trading like any other job, u need to give time and effort.
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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


Added on October 14, 2011, 3:12 pm
QUOTE(Sham903n @ Oct 14 2011, 02:47 PM)
martingale is good if you "know" how to use it... combine with Money Management its "halfway" powerful..
another half is you think for your self what la...
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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

This post has been edited by wschoo26: Oct 14 2011, 03:12 PM
wschoo26
post Oct 14 2011, 08:09 PM

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QUOTE(sapapa @ Oct 14 2011, 06:55 PM)
Is your martingale means

1st trade 20 usd, if lost
2nd trade 30 usd, if lost
3rd trade 60 usd, if lost...
Until you won you get 10 usd back...Is that it?
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Dont know la boss..i keep adjusting the multiplier. my main thing is when i work..it still making money for me..thats all...the rest...i dont think so much la boss..i really not expert as u all leh..dont want to think so much la boss
wschoo26
post Oct 18 2011, 05:58 PM

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QUOTE(kevler @ Oct 18 2011, 03:30 PM)
my signal still valid

EU GU EJ GJ ...bearish with TF daily

anyway , TAYOR and trailing stop if needed
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Wei...how do u know today is down? so kheng one...wat indicator u use? what is tayor? a kind of system? hehe
wschoo26
post Oct 18 2011, 08:34 PM

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QUOTE(mchicken @ Oct 18 2011, 06:11 PM)
Mr wschoo, i see your robot/system is going great! Getting 900$++ in just 6 days of trading, very high ROI, keep it up~! rclxms.gif  but your closed pips are negative, hmm.gif  haha..

Uncle Ben10's speech gonna make some spikes man~ Watch out guys!

PS: TAYOR aka TAke Your Own Risk, if not mistaken. thumbup.gif
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tat robot very dangerous actuallly.it makes u overtrade and greed will crawl in slowly dominating and engulfing you.it blew my account before..heheheh...no SL!!!..that robot aka accumulator and later will become 'i kill u later'
i am looking into this..http://www.onlinemeetingnow.com/seminar/?id=6e27ec8a58&email=mtuckcheong@yahoo.com&name=Kent
sorry guys...i still a fan of robot..kekekek
wow..u very genius to figure out tayor!! clever!! high iq
wschoo26
post Oct 19 2011, 11:54 PM

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QUOTE(skyll @ Oct 19 2011, 09:53 PM)
i really in need of help from sifus at here.

CODE
http://www.mediafire.com/?vcp5loknj9apmkk


can anyone here review this analysis.

whether the analysis given is accurate and good?

btw my previous question still no one answer it.

do any1 has any knowledge regarding xanalytic international or gvf?
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Daniel Ang has over 26 yrs experience and traded for standard charted. He founded Xnalytics. Gavin Lim was the trainer.
if i not mistaken , xnalytics course about rm3k++ and they sell signal . U follow their daily signal with tp and sl. And there is an master ib in kl using xnalytics and package with robot and come out with a package. but u need to commit a sum of capital eg minimum rm10k(recommended is rm30k) to fund yr account to get xnalytics signal free daily and free training. and then using their broker to trade with offer lower spread eg 2 pips for eu and u get commission for anyone trade that join under you. once u join..u automatically become ib. The truth is ....how many traders can earn from pure trading.Most newbies will be whacked , blow their account once they enter the market...once u become ib or broker...no matter the position is profit/loss...u get commission..U will be surprised how much ib earn( i saw their account). The ib also show me some account where traders just buy and sell as they wish and still making money.There are 1001 ways to trade forex.
I also know there is another group start to use citibank signal to run their ib. I guess it is new trend selling signal cos many newbie still fail after attending technical course. It is easier for them just follow signal. I am not promoting nor anti those ideas..since nobody reply u..i just take the liberty to provide some info to yr query.
btw, if u wan to follow signal entry..why dont u apply some demo account (some broker send email for their daily signal)or go to some forex website and follow their signal daily with tp and sl? but finally..your money..your decision..hehehe..nothing wrong nor right..life is just a journey
wschoo26
post Oct 20 2011, 10:46 AM

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QUOTE(bulkbiz @ Oct 20 2011, 09:31 AM)
2k is a small amount, obviously they want to take the commission. Let me ask you one question, do you want to learn how to trade and become a successful millionaire trader, if yes you must have your own trading system and go through a trading journey. If not, you can proceed to trade using their blackbox signal, but one day if this Mr. Ang pass away, who can you rely on? No right or wrong, is all up to you.
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yes..i agree with poks and bulkbiz..My humble opinion , even u take technical courses..u still lack experience and still have to go tru the toil of trading to gain experience and develop yr own trading system that suits yr personality. market not going to run away..take your time to learn in demo first. (Demo feed 99.5% same as live feed and slower a little bit from live feed..thats good enuff to practise). do u think u can master forex trading in those 2 or 3 days course? if u can..u r one of the genius in the world. Many(include me..i attended to a lot courses..now i say No to courses) and at the end of the day..i get information overload..they crash everything in those 2 or 3 days. Then some worse..oversea trainer(include local trainer also)..hard to contact them after course finish. So..now , most courses have their own forum.
I got one guideline for u to select courses if u eager to attend one...ask them show you full live trading result for few months. Their trading live result prove everything. Have u seen george soros or warren buffet give training courses mou? if they are so so so good...they already been hire by big fund eg morgan stanley, philips futures , standard charted, etc etc to manage their fund lor (oh i dont mean the forumer here...here is sharing and learn together...different thing...and no one will fully 100% share their system .It is good enuff if forumer share a bit here and there ..once they share..i will take my effort to find out more in search engine or youtube, etc. So..dont blame the forumer if they dont share 100%, cos it is their right . If u have a winning formula..would u share 100% ? Though u can say is selfish but thats normal and thats the reality. I am learning manual trading now and i am thankful to all forumers that share here (no need share your 100% winning formula to me) ..as long as u share a bit here and there..i am very happy already. Some more free mentoring wor...what do u expect leh...hehehheh.. I always crack my head when poks and quinn posted their charts..i try to figure out why and wat reason ...dig further.u will find out why..Sorry for my extreme negativity as i been 'cheated' more than rm25k on courses(tat amount alone already more than enuf to fund yr usd2k account) and still losing money.
Hopefully someone here can prove me wrong so that i change my perception on commercial trading courses.
I agree with quuin that in trending is easy to earn but when u come to ranging..heheheh..u get big headache. my experience..t3bsystem..(rm6888.00 course)....an award winning blackbox...also losing when come to ranging market..they show result is trending market and everyone got excited with it.I very surprise such an award winning software dont warn u about sideway market. hhmmm...no blame them la...microsoft software also got a lot bug even they are king of software. i need to accept it lor. ok not dare to comment further...scare lawsuit by them later...bye...need to go out repair pc liao


Added on October 20, 2011, 10:48 am
QUOTE(bulkbiz @ Oct 20 2011, 09:31 AM)
2k is a small amount, obviously they want to take the commission. Let me ask you one question, do you want to learn how to trade and become a successful millionaire trader, if yes you must have your own trading system and go through a trading journey. If not, you can proceed to trade using their blackbox signal, but one day if this Mr. Ang pass away, who can you rely on? No right or wrong, is all up to you.
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oh careful and check the terms and condition..once u funded usd2k..they will lock a portion of your usd2k(maybe left usd1k free capital for u to trade only) cos they make sure u dont withdraw and run away. they make sure u trade certain amount with them. pls check the terms and condition.

This post has been edited by wschoo26: Oct 20 2011, 10:48 AM
wschoo26
post Oct 26 2011, 08:31 PM

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QUOTE(alwjmonster @ Oct 26 2011, 12:53 PM)
haha im just being curious... but here's some update.. i been chatted with him with another account.. anyone heard of Gvf broker company? or anyone is currently using right now?
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aiya..boss..r u sure u just curious or jealous wor? Maybe he found his gold mine leh? I just surprise why u need to use a fake account to talk to him...why not just talk to him or meet him? he not going to kidnap u mah.
His one same as what SkyII mention earlier. Trading on signal or robot with minimum capital eg rm10k(they will lock a portion of yr funded capital) and automatically u become IB and u can get commission for anyone sign under you and also they allow u to trade at lower spread eg eu 2 pips. If it is 100% legal, i feel it is a very good model. Frankly speaking..how many successful trader r there in the market?I am sure u aware the famous quote only 5% trader make money! IB is a great passive and consistent income. But too bad, I dont have such capital yet...when i have enuff budget i also thinking to join them.
I read forum , some come up with millions to buy a franchise , some come up with rm400k to open a restaurant , rm300k to open hardware shop etc etc..why they dont just join those IB and earn passively..no need manage staff, no inventory, no dbkl issue, no gangster come collect protection fees, no police kacau.no partnership issue.. the amount u risk is also smaller..rm 10k or rm30k only (BTW, join at yr own risk..my opinion do not liable for any legal damage later)Maybe there is some hidden agenda inside the program which i fail to see.


Added on October 26, 2011, 8:39 pm
QUOTE(wschoo26 @ Oct 26 2011, 08:31 PM)
aiya..boss..r u sure u just curious or jealous wor? Maybe he found his gold mine leh? I just surprise why u need to use a fake account to talk to him...why not just talk to him or meet him? he not going to kidnap u mah.
His one same as what SkyII mention earlier. Trading on signal or robot with minimum capital eg rm10k(they will lock a portion of yr funded capital) and automatically u become IB and u can get commission for anyone sign under you and also they allow u to trade at lower spread eg eu 2 pips. If it is 100% legal, i feel it is a very good model. Frankly speaking..how many successful trader r there in the market?I am sure u aware the famous quote only 5% trader make money! IB is a great passive and consistent income. But too bad, I dont have such capital yet...when i have enuff budget i also thinking to join them.
I read forum , some come up with millions to buy a franchise , some come up with rm400k to open a restaurant , rm300k to open hardware shop etc etc..why they dont just join those IB and earn passively..no need manage staff, no inventory, no dbkl issue, no gangster come collect protection fees, no police kacau.no partnership issue.. the amount u risk is also smaller..rm 10k or rm30k only (BTW, join at yr own risk..my opinion do not liable for any legal damage later)Maybe there is some hidden agenda inside the program which i fail to see.
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haha..today holiday , no work...i trade manual demo full day...i blow my demo manual account...a simple maths to share
case 1: lets say u got usd10,000 account...u lost 50%..yr balance become usd5k..then later u win 50%..your balance become usd7500..u still lost usd2500 (means u still lost usd2500 if u lost 50% , then later u win 50%)
case 2: lets say u got usd10,000 account..u win 50% .your balance become usd15,000..then later u lost 50%..your balance become usd7500 also...u still lost usd2500 (means u still lost usd2500 if u win 50% first and then lost 50% later)
tht makes me think
1) cut lost is important
2) position sizing also important..
dont angry for my simple post as i am newbie in learning manual trades

This post has been edited by wschoo26: Oct 26 2011, 08:39 PM
wschoo26
post Oct 28 2011, 09:37 AM

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QUOTE(FxPlayboy @ Oct 27 2011, 09:11 PM)
np. Got my number again.

Here's one more bonus level for you bro=4160. It's thicker cauz it's quite a biggie level. Here's some tips: Think of a S&R level as a zone instead of a specific number, draw it with a crayon than a pencil.

user posted image
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Cool..i am impressed by yr manual trade. U are one more person convince me that manual trade is so rewarding. What indicator do u employ? Ichimoku? Trendline, S& R, fibo, BBands, MA? Mind to enlighten a bit?
Thanks
wschoo26
post Oct 28 2011, 04:38 PM

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QUOTE(FxPlayboy @ Oct 28 2011, 02:29 PM)
@mabsandcals
Be greedy when the market is fearful, be fearful when the market is greedy.
Won't be here everyday bro. Am just here doing a little contribution to fellow malaysian traders for those who asked in the earlier post. Didn't see much concrete contribution so i offer up. Also, you can pm/post your losing trade here. You won't learn most from winning trade but the losers esp the big one.

@fxplayboy..Need your advice..how do i know market is fear or greedy on yesterday eu dramatic move up?I blow a few account but i still dont learn yet...so now mainly practise on demo only. Oh yes..you shud contribute more here...hehehe..save the newbie, include me(already lost 1 hand and 1 leg in the market)


@wschoo26
Candlestick, basically price along some levels above and below. I done all of those stuff you mention, those indicators can make profits too but the RR ratio alot times lower. What else i havent cover?

@fxplayboy..Do you refer to fx website to see S&R , pivot or if you see calculate it yourself...how do u detect/analyse your S&R..can share some graph how u see S&R? If u refer to candlestick..do u mean like harami, shooting star, doji, marubichi etc? Or u can detect price move earlier when price penetrate certain percentage of previous candle?


@poks
Hint: Your chart is the best trading book. Some trading psychology book helps too if you're quite an emotional trader.

What goes up will not necessary goes down. A currency pair have 6 directions w each currency can go up,down or flat. Always look for reason to continuation first then consolidation then only reversal like Newton's law of motion.
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@fxplayboy..HOw to look for reason of continuation..any example?(sorry for this stupid question)
wschoo26
post Oct 28 2011, 05:09 PM

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QUOTE(poks @ Oct 28 2011, 04:55 PM)
at this moment for me; the best way to detect is by looking at candle pattern..
most indicators will be over bought, crossed etc etc...
but still; i'll say short on eurusd ... don't know.. should be contrarian genes in me tongue.gif
btw; look at 4H chart... showing long setup .... tayor .... it's friday & don't expect much....
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ok..at least u have yr reason to where it is going..u will set yr risk:reward also right...To me,i dont know where it will go...thats why i hate manual trading..
wschoo26
post Oct 28 2011, 08:42 PM

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QUOTE(aimank_88 @ Oct 28 2011, 08:32 PM)
True. Babypips helped me alot.  thumbup.gif
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oh..ok ok...babypips and kumo cloud.
thanks
wschoo26
post Oct 30 2011, 11:16 PM

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QUOTE(poks @ Oct 29 2011, 09:48 AM)
may I suggest;  Stockcharts.com ... chartschool> How to Analyze Charts
mostly on stock but it's a good additional reading
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stockcharts good..i love it..thanks
wschoo26
post Dec 7 2011, 05:15 PM

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Just wondering what is this game call trading. Paulson team will surely have some of the world top cleverest brain in his team but still can lost so much money. Who are we? Are we cleverer than him? Does we have the faster , better tips/info , better analysis than Paulson team? Or are Paulson creating 'fake' news to trap us? I always read news and famous quote be greedy when there is fear, be fear when there is greed.
Paulson Fund Loses 46% in 2011 Through November

John Paulson, the billionaire money manager having his worst year, has lost 46 percent in 2011 through November in one of his largest hedge funds, according to an investor update obtained by Bloomberg News.
Paulson bloomberg


wschoo26
post Dec 8 2011, 01:05 PM

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I got this in my facebook
Stephen Yip
I see so many traders trying to rationalize the market. Trying to justify why they are right or wrong. I wonder wads the point...The market does wad it does. It's not against anyone. It is not bias.
http://www.facebook.com/icelemontea

looks like he had reach mastery.
Stephen Yip
I feel happy not just because I made handsome profits this year but also ALL my fellow turtle students made very good returns, some exceeding 100% ROI for this year...which has yet to end =)

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