Thanks mate. Nothing to show off mate. I admit I drive some comfortable car, but I no need to show someone how branded mine is. The more important to me is I love it and it makes me enjoy my life with comfort.

1 more thing, I never force people to invest on me. I don't provide big dream to investor, I am just providing opportunity. Since I am profitable one, I also no need to beg or convince someone with branded or big car. You want this opportunity just come, if you don't want then just say Bye. I don't short of your RM 100k to earn money. Some of those forum even worst, collecting USD 100 from investor to trade. USD 100 is just a penny in Forex, you can't even buy sweets with penny, how are you gonna earn other person money.

Another thing is, if a profitable trader, they won't join any other people firm. They will just build their own group of trading. Same thing, why you wanna become an employee when you are able to self-employed? Malaysia Independence Firm like FxUnited, GWGfx, some of those Klang group that I know are all creating Pyramid Schemes to earn money. They even drove a Lamborghini, Ferrari and Skyline. But frankly to say, they don't know how to trade at all and all their money come from illusion and introducing someone to invest.

Sorry mate, because of seeing the picture there written something like SHORT STRENGTH (TREND) if I am not wrong. Anyway, a good share and explanation. Yes, indeed Bottom or Top don't form this way and price range are too narrow to form.

I always do predictions and forecast. If I don't do prediction from previous movement, I can't profit from my trade.

Thanks.

Additionally, there are a company lately being closed down by Interpol. They also type of pyramid schemes that using Forex as their cover stories and quite active in Malaysia too. They are paying 1.5% daily for 90 days. When FBI and Interpol freeze their bank account, they have almost USD 6b in the account. So you can imagine how big are the market when they use a Pyramid Schemes in Forex Industry. This is only 1 Firm that being closed down lately. Of course those who know how to build the illusions from the beginning using some branded and nice car will earn a lot, but all the money are from the lower line victims.

Just some information for you guys.

Maybe this will help you.

If you are totally newbie, forget about shortcut. Walk into it step by step. Learn what is call Fundamental Trading and Technical Trading. A lot of people doesn't even understand what are those 2 means. Choose 1 that you think you are more suitable at. A lot of so called trader use both, but as I know most of them doesn't even know the meaning of both. Just take one route and master on it. I am a fully technical trader, so what I do is I just avoid Fundamental Speculations.

Hope it helps

This post has been edited by tdoptions1689: Apr 26 2014, 10:56 PM

I always meet 1 kind of scenario in various forum. A lot of trader use both technical and fundamental. They will wait for the news, then suddenly a high impact news printed. It is worst than forecast, but the price still rose to sky high. And then they love to shout at forum, what the heck has happened? It is worst than forecast, but the price has rose like hell.

Conclusion, they didn't really study the truth behind to become a Fundamental Trader. Fundamental Analysis is not the matter a day or two. If study only day or two, thats not call Fundamental Trading, that is called as Luck Trading.

CubeLogic,
Sorry for late reply. Just back from my weekend party as always.

Let me reply you here. I think it might help others newbie too.

Firstly, I don't know whether have you handle any college assignment before during your teenage. Normally, the lecturer will give you a title, and you go home and do the research by a group or yourself to complete the assignment. It is same thing if you really serious to learn in Forex Trading. In learning FOREX TRADING, you need to be Independence, Self Initiative, Creative, Intelligent, Acceptance. You won't master art of trading if you just act like a baby birdie waiting to be feed, keep asking where the source you can find for reading. Go and do your own research. I have provide you the title, there are plenty of search engine online, just search with the TITLE and you will get a lot of material there. Do your own research and keep the important 1. Even though if I provide you the educational material, you won't success by reading it only 1 time. Just take 1 of my favorite book regarding trading title Trading In The Zone by Mark Douglas, I think I mentioned it here before. It is a book with full of words, approximate 350 pages and I have read the book repeatedly more than 15 times. You have to keep reading those material repeatedly to build your mind subconscious. You won't have time to read it during trading session if your mind are not subconscious with those method. Take an example, you go cinema and watch a movie. After that, you go home and sleep. When you wake up, I bet you have already forgotten 80% of what the movie conversation are. It is just the same thing.

Last few days, I posted about Elliot Wave, Elliot Principle and Wave analysis. I remember a member name chaiychong if I am not wrong, he found it useful and do his own research online and found something to read. At least he show some initiative he is keen to learn.

Please, if you are lazy even to go GOOGLE and type FUNDAMENTAL TRADING or TECHNICAL TRADING and press ENTER, forget about learning trading and becoming a full time professional trader. Sorry but no offense, everybody knows how luxury life a real profitable trader is, but you will never see how hard on their life during learning days. If you want successful and comfortable life but you even lazy to do research, forget about it. You must put a lot of effort than others if you want a good life.

I walk myself till here for almost 12 years. I put my effort for almost 9 years to at least see something, not a couple of days or couple of months.

Once again SORRY and no offense, I don't give dream to anyone, I just let you know the reality on the journey.

Good answer mate. Get used of other person money who don't have the skill to grow money when you have the skill.

Oh ok. Probably you can be my sifu on PA. Actually I am still trying to exploit and master art of PA. This is one of those I am still trying to mastering on it. I know if I can get sub conscious on PA, I will get more perfect and reliable ENTRY without too much DD. For the time being, the most accuracies and I have mastered on PA are the time before UK OPEN, when those banker start to form a TRAP. Other than that, I am still a fish.

Probably people wanted to ask me, so how you find ENTRY point now without PA? 1 answer. The power of CANDLESTICK.

This post has been edited by tdoptions1689: Apr 27 2014, 11:07 AM

Good information.
1 thing probably might help. A lot of people are too anxious to earn in Forex and they always make a wrong search on internet. (I am one of those during the days). What's make me say on wrong search? Internet search engine is a really useful place for you to gain knowledge, but not experience, system or strategy. You will find a lot of useful educational material. This means, internet is a place for you to study on tutorial and not a place to look for golden trading secrets.

Forex networking indeed earning money when you have the skills, not the time when you don't have the skill. 1 example, when a long term profitable post a trade to allow people follow, means they are building Forex Networking. Let's estimate a USD 1M are following your trade, this means a single trade approximately will earn the trader around USD 80++. If a week with approximately 30 trades, that means with a few clicking, a profitable trader will earn an estimate of USD 2,400. This is the answer for networking and answer for those who asked me why I allow people to follow my trade. (Those assumption are only from copy trading, not including Referring Broker or Introducing Broker Fees).

Yes, you won't find the best strategy online even with guidance. That's why I say you need to be creative and acceptance to become a full time professional trader. Every Trader interpret different language on chart, you will never get same results. That's why people will describe Trading was an Art. You will only find 1 Mona Lisa Portrait drew by Leonardo Da Vinci, but you won't find another Mona Lisa drew by another artist. You need to be creative to create your own strategy for your very own interoperation, you need to be acceptance of failure during those days.

Depends which kind of trader you are. If you choose as scalper, you have to stick in front of the PC. As for myself, it is kind of pressure if you stick too much in front on it. So, I choose to have a look every couple hours if I have some trade running. For me, useless to stick in front of it. You can't hold the price if it against your trade anyway, especially I trade according to CANDLESTICK.

Have a final review on some of those Fundamental for beginning of the week.

ECB inflation are going to out this week. If it comes out high enough, it might have the possibility to knock out QE off the table. It means should be enough for EU to break higher it goes. Let's say if it come out further lower, you could expect a break to lower putting much more pressure for ECB to introduce QE.

Good choice mate. Normally my 1 trade will take couple days at least. So useless to sitting in front of it and wait for the setup. Open it, set ur SL and TP, and just move away. It will eliminate a lot of stress and scare money element.

Yes, maybe scalping you can do something but it is absolutely against my trade rules to add more position when the trade against me in my strategy. Normally I will open very small position at first, once the price go on my way, that's the time I add more and larger position. When it is against me, means I might be facing setup failure and hit my SL. So different strategy, different method. I understand this.

1 more tips maybe can help others.

It is obviously unhealthy trader to stay at midnight and still trading on the midnight. I also one of them and staying up at midnight that doesn't profit you at all last time. We have some best Geographic Location in Asia. Maybe GMT + 11 is the best to me, so I need not to wake up earlier. One explanation. You can just wake up at 8AM, wait for JAPAN and SYDNEY OPEN. Then on 3pm, you will have those BANKER coming in and 4PM for the UK and FRANKFURT OPEN. Then you move to 7PM for the STATES OPEN. So it is useless to stay on midnight, and it makes only unhealthy life.

Just my personal opinion. I went through those time wasting of staying up at midnight once ago.

This post has been edited by tdoptions1689: Apr 28 2014, 10:34 AM

Absolutely yes. I remember last time I was so stupid. I love using a quotes. Something sounds like, No b****es Keep Me Awake All Night, But FX Does. I use it for very long time. By the end I only wake up. Then only I know, morning I should put my time on FX, and at night my time should leave it to those b****es. LoL…

Mate, most of your statement I also quite agree. But this time I don't agree what your statement as Scalping like going to Genting. Although I am not a scalper and know not much about scalping, but I have 1 trader before helping me managing fund. He is absolutely a pro scalper I have ever met before. But unfortunately, he is someone I describe as crazy or maybe not same with others. Instead of having profit sharing with his profitable trade, he just want me to pay him RM 8k per month as salary, an office room for him to trade. He will come if he is in good mood, and he will not appear for couple days when he have no mood. He even don't want any of my Account Number or Password when I allow him to trade remotely. We cooperated for only couple of months, but never give me a single of negative month.

Conclusion, indeed there are some working strategy that really works very well. But 1 think I believe, myself as a long term and Intraday Trader, what I know that scalping need miraculous effort better than our role. It is not easy at all to become pro scalper. So, I will respect all the profitable scalper if they are really doing well in long term. That's what from my experience.

Wanna some long term trade?

Put a BUY now on GBP/AUD. SL for 200 pips, targeting above 600 pips. Estimated trading time for 3-4 weeks position.

I also just opened on Zulu, mate. But I don't take Long Term Positions on Zulu. Probably if can, keep close it before swapping occurs. Exotic Pair are very expensive on swap.

Probably many people think 3-4 weeks are just joke above 600 pips. It is no joke on Exotic. This is my previous record on Exotic. 6 weeks position with easy 1000 pips bagging.


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