observing EJ GJ ...putting more buy trade later ..

Yes! Greenback shows who's the king today~

Hi all, I wonder which websites U all read the world news that affect FOREX?

easy

http://forexfactory.com

Thx man !

This post has been edited by ironmanfren: Nov 2 2013, 08:12 PM

any free demo for newbie to learn?

Look how semaphor performing with EMA cross on daily timeframe. if u dont mind 1 trade in 1 month, this is the real deal

Thousand of strategy (pdf, doc) and indi (ex4, mq4, rar) in forexfactory

http://www.forexfactory.com/misc.php?do=sh...43533&hideimg=1

i just blow 9k lol this week

thats a lot of moneh. hope its not live acc
but thats ok. jot down what went wrong and do post-analysis.. thats how we learn

may the pips be with ya!

Prior to that i earn 1000usd in two day.the 3rd day i lost 3000+1000usd.my deposit 3000usd gone lol.i felll asleep during that time. The day its go down like hell And its live account. The sad thing its,i dont put SL .i sleept in front of laptop
This month gonna use money first for my second house
Will come back with 2000usd deposit this december or january. Now gonna use my remaining 50usd to be 500usd in two week time

This post has been edited by shamsul_LP: Nov 3 2013, 12:52 PM

Wow. That's alot. I still with my micro account only. Still newbie for Forex. Still testing the method that suit myself.

that alot.i can bought 4 Ps4 or some downpayment for new car.

everyone got this experience.. my first acc blowned up also
deposit 2k. after 2 days i gain 20% profit. the next week i loss 70% including profit.
fund my acc again.. make 70% profit. so me and market is break-even. then i quit
telling myself not to trade again until i fully understand how to trade and how market works, coz my 70% profit was based on luck

what i learn is market is not random or coin-toss, its doesnt care abt indicators, price action, SnR and those predictable stuff
they are "force" behind the market, the manipulator.. they move the price wherever they want to make profits
they accumulate their position, whenever we sell.. they buy and vice versa
they move the price down and trap us into sell position.. they buy our position, build their "long" based
when they have enough long position.. they'll move the price up, hunt our stop loss

for SnR.. they create fake breakout and hunt our stop loss at the opposite side
they create fake doji in price action
during NFP or news release.. they will be a spike up or down before market will move at her "true" direction
the spike is to hunt our (retail traders) stop loss
same goes to fibo and all those stuff

because our action is predictable. for example we sell at resistance and buy at support. or trade a breakout.
the "self-fullfiling propechy" among retail traders will put them at risk of being hunted by manipulator at the other side of trade

the manipulator have access to market depths.. how many long position
how many shorts.. which area is the most stop-loss placed. they have it in ECN markets

for the market to move and be liquidity.. they sell and buy among themselves and make profit from retail traders
of course sometimes central banks will intervene, but most of the time, markets move based on manipulations
there a long way to success. not until we understand how market works

Yes. That a tough and a very hard lesson for me. Now gonna take a deep rest n build my margin again slowly.

read about Richard Wcykoff books and market phase - accumulation, markup, distribution and markdown
if thats hard to digest, please remember that you still have friend - a TREND. just follow him

have a great sunday!

The thing is, i trade not follow the trend.reversal not occur that day.ussually i will follow the trend or wait its reverse 30pips first n enter long position..huh

if u dont mind to tell where was your position, timeframe and pair
the USD performs really well against all major currencies

woah. that's alot man... i blowed my 50usd account oso feel like want to pengsan already. you lose 9k oso look like steady.

if in this case then we (the medium and small fish) how to get a piece of the pie in the market?
We should be looking friend which is sufficient?
You point does make sense and logic, but it also terrifies me on how to excel in this industry.
Newbie here.

Cheers