Hi UGPM, since you're starting off fresh perhaps you would be interested in learning from a full time professional UK trader Mike Douglas from the UK that is coming here to Malaysia (KL & Penang) in August for the very first time with his 3-day trading intensive course. He teaches the traders in the major banks around the world, and is now bringing it public.

For those of you discussing about earning 5% daily or monthly, this may well be of interest to you as well. As so far virtually all of Mike's active clients are making on average of 3-5% a day.

We are looking for a pioneer team of serious traders both fresh and experienced to start off Malaysia with a bang! =)

Here is the link for more info and testimonials on the event:
www.ChingYuTan.com/MTA

Feel free to PM and ask me any questions about it. =)

Oopss.. just got killed this morning..

Basically my strategy is pretty text book.
Draw support resistance and trendline in weekely and daily chart.
4hr: Determine direction of trend. Impulsive, corrective. Sometimes is tricky to me..
1hr: Wait reversal candle to trade back to the direction of 4hr trend. The reversal signal should be around support resistance or trendline or 200, 20ema at least.
Better if can find reversal pattern supported by divergence in 15min.

Risk 1% R:R around 1.5 to 2... Sometimes if i feel the price not going up anymore or weird, I just close early.. 0.2% still better than -1%.. haha

This post has been edited by Charizard: Jun 10 2014, 03:29 PM

You mean Mark Douglas or Mike Douglas? If Mark Douglas, I will be the first to take part.

Checked his site.. Its mIke... lol

Not bad actually on your strategy. No need to look for perfect entry always. I don't encourage people trade too low TF such as below 1H. Too many changes or choppy candle on 15M, so it is too tricky because it can change any moment. Probably you can start to learn how to draw a Channel Line, so you can look for correction and not gotten in on reversal. You can start try now on those YEN on 4H and DAILY. Use previous high and the last BULLISH candle, so you can determined the whole price are reversal now.

This post has been edited by tdoptions1689: Jun 10 2014, 03:31 PM

add daily pivot,candlestick.perhaps fibo retracement and fibo time zones for tricky part on correction zone abc etc2.

Either Mark Douglas or Michael Douglas I will be very interested.

Thanks thanks, will try ..
Last time I tried 5min and 15min after saw people on the net posting successful trade in 5min.. then kena slaughtered like a pig without mercy.. After changed to 1hr, result got a bit stable and the candle is more reliable.

oh ya, fib.. good idea

Only dreamer and greedy person trade 5M and 15M. Seldom pro will trade lower than 1H except they are really talented and full of experience. Those IB only will recommend more on 5M and 15M because they want you to open and close more frequent. Tried it.

USD/JPY as example = Just draw it as TL but from up to down. Previous High + BULLISH CANDLE + BEARISH CANDLE. You will have the CHANNEL LINE then.

Ahaha yes it's Mike not Mark or Michael Douglas the actor.

lol.. i have a nickname now.. SUPERMAN!!!!!

No wonder sound so familiar... Thats the guy who wrote the book you recommend, trading in the zone. Mark douglas, not Mike.

can a newbie deposit 100usd and earn 20% in 4 days?

Mark Douglas = Author of Trading in The Zone.
Michael Douglas = Mad Hedge Fund Trader

Not that Michael Douglas Actor.

Wait... Is that more awesome than batman... Or below

Hey I don't mind the actor telling me greed is good in Forex either, even if his seminar all lies and shit.

I will prefer "Shi Bai" de Man. SUPERMAN sot sot de, wear underwear outside. No good.

Batman lousy fellow...

Regret now. Changing from EXOTIC to Kiwi. Aussie Harmonic Wave are just too steep to follow and risky, but it still has so much of strength. Couple hundred of pips there. Pufff…..

This post has been edited by tdoptions1689: Jun 10 2014, 03:58 PM