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 Forex Version XIII, Foreign Exchange Market Discussion

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tdoptions1689
post Apr 14 2014, 06:19 PM

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From: Puchong, Selangor, Malaysia


QUOTE(SportRimSales @ Apr 14 2014, 05:46 PM)
hey newbie here . very interesting with forex trading..

anyone mind share abit about forex? smile.gif
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Hi,
No worry mate. A lot of pro Sifu here very kind heart to share. thumbup.gif
tdoptions1689
post Apr 14 2014, 07:47 PM

On my way
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QUOTE(bulkbiz @ Apr 14 2014, 07:41 PM)
Win more than lose is a wrong perception, I use to have that kind of mindset during my early days. Below article is the best to describe. No offense bro. But still I believe there are exception in everything.

http://www.kjtradingsystems.com/winning_pe...ge_trading.html

As for MM, let's assume you are trading std account, 0.5 lot means 1pip=$5. A lost of 20pips= 20x5=$100. 10% gone.

Just do the math.
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Absolutely. Especially if trading on EUR/GBP, each 0.5 on a pip in STD Account cost of USD 7.50 roughly, so a 20 pips will wipe up estimated at USD 150. Even though winning rate of 90% with 10 pips, a single loss of 100 pips will kill someone by the end. Even if its come back after a DD, it is absolutely risky even a single trade each on the MM.
tdoptions1689
post Apr 14 2014, 07:53 PM

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QUOTE(bulkbiz @ Apr 14 2014, 07:49 PM)
You mean AUD/USD is going down? Don't scare me leh. I am loging this pair since march 24.

[attachmentid=3930538]
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No no no. AUD is getting stronger, good bounce on 4H, DAILY are rallying. It is a good trade mate. I am just wondering how EUR/AUD will go? Building another Lower Low or a Lower High at first. On major support now, I assume it will build another Lower Low, a GREEN on 1H might leads me to close everything. Probably EUR/USD making a move to close the gap. whistling.gif

This post has been edited by tdoptions1689: Apr 14 2014, 07:57 PM
tdoptions1689
post Apr 14 2014, 08:12 PM

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I am done with the GBP/AUD. Closing 3 positions with +130, + 96, and +70. Leaving 2 position with a trailing of 50 pips. Even though STOP OUT, shall be another 160 pips on account. brows.gif cool2.gif rclxm9.gif

This post has been edited by tdoptions1689: Apr 14 2014, 08:12 PM
tdoptions1689
post Apr 14 2014, 08:27 PM

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QUOTE(9kingsir @ Apr 14 2014, 07:32 PM)
suddenly.. my name went wild.... some brokers call me...
they know my name, email address and contact number..

they offer 0.5 pip to me...RTT... means if i referral ppl trade.. if the commission is USD 10.00.... i got 5.00 per standard lot...

New Zealand broker,Australia broker,cyprusbroker...some is  FSP regulated...

wow.. seem like soon more broker coming to malaysia
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Join mine. Almost immediate. Refer any trader, I will give you USD 3.00 per STD LOT. Other than that, almost instant deposit and withdrawal from local banking with absolutely spreads free of MYR 3,500 per USD 1,000 no matter deposit or withdrawal. cool.gif
tdoptions1689
post Apr 14 2014, 10:47 PM

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Time to get on back to the Majors now. Cable might be good to go now, EUR might be nice to chase for closing on gap.
cool2.gif
tdoptions1689
post Apr 15 2014, 02:57 AM

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QUOTE(9kingsir @ Apr 15 2014, 01:54 AM)
what i m concern right now...is.... if broker tell me they are true stp/ecn and not against us the retail trader...

then i have 2 question for them..

1. How they (broker) help us win more?
2. can they explain the earning mechanism through liquidator?
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Actually, no broker will help you earn more. It is just some technical issues of spreads difference, fund security, regulatory issue, segregated banking fund, reputation and true reviews from trader. All broker will tell us they are true STP/ECN/DMA, but nobody will know and they will never tell you who their liquidity provider is. As in my earlier post, no broker are absolutely clean. Let's take one of my broker as example, what I know and from their information are they will top up another 1 pip from the price given by liquidity provider, so its bring meaning that each transaction they will earn on 1 pip.

Hope it helps.
tdoptions1689
post Apr 15 2014, 03:04 AM

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QUOTE(spid3rx @ Apr 15 2014, 02:27 AM)
hello, been wondering anyone face any problem with the Metatrader 4 won't able to start up properly?
I'm using Windows7, and had been trying to uninstall and re-install but still not able to start up. Tried install into a different folder, the problem still the same. I can see a glimpse of the MT4 pop out, but quickly it auto close down.

I tried delete the *.CHR files in the profiles> default folder, and the MT4 manage to open, but I can't load any charts and log in normally as I already remove it....
any help? broker's live chat just basically ask me to re-install in a different folder or do a restore cause it was working fine previously. Need help . thanks!
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Even though you have uninstall all, some of you files normally will leave a trace there. It means it has yet to be everything remove. It happens to me before. 2 options probably might help you:

1) Removing through Control Panel, Add/Remove Software to totally clean up.

2) Alternatively, after uninstall, look in C Drive Program File, Delete the whole folder of any related to MT4.

Last time I use 360 to help me remove everything, but I think above way might help you.

Hope it helps.
tdoptions1689
post Apr 16 2014, 11:47 AM

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QUOTE(denver1347 @ Apr 16 2014, 09:40 AM)
GBPAUD Have a bullish engulfing at D1. Anyone still following the pair ?
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For my reading, it was too early to say where should this pair heading. As I say in my earlier post, it must be exit and jump out because of price movement and running neutral. Probably next move of now might indicate a better directional of price will go.


tdoptions1689
post Apr 16 2014, 11:59 AM

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Hi Guys and Girls,

Thank you very much and I appreciate all of you guys PM and queries. Maybe couple of you guys ask me why am I not taking student on my signature? Maybe you have seen my accuracies of signal in here, but I always don't hide anything from you guys question. Firstly, I don't accept student because I am pretty busy with my Management Section and some Financial Products. So sometime, I don't even have enough spare times for my Intraday Trading Session. Secondly, I know how hard to be a profitable trader. Although I am not the type of world top trader, but waling till my current position are not as easy as everyone thinking at. Thirdly, I won't because wanting you guys to join my network, so I build some dreams to you guys as those IB do out there. Trading are absolutely an art, with a lot of patience needed, a lot of experience and a lot of study. You won't success or becoming a profitable trader in couple of lessons.

Hope you guys understand why I don't take a lot of student. I don't mind to share my experience, but I really doesn't have enough time to teach you guys step by step in trading.

Thanks.
Best Regards.
tdoptions1689
post Apr 16 2014, 01:05 PM

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QUOTE(kevler @ Apr 16 2014, 10:18 AM)
my initial analysis on this pair ..it seems to go north this time ...based on candle movement and momentum

anyway ..my analysis is for myself and myself only ..

if u wanna trade based on it , please do at your own risk :-)
*
I will prefer to choose Majors or against those Yen pairs might be the best.
tdoptions1689
post Apr 16 2014, 02:00 PM

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Seems like we might have Morning Star Candlestick Pattern on GBP/AUD in 1H. Next hour confirmation might be a great opportunity for jumping in from the 1st stations. hmm.gif
tdoptions1689
post Apr 16 2014, 03:51 PM

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At last, long waited moment.
HotForex finally entering Malaysia Market with a Regional Office soon in KL. Expected arrival for the 1st Regional Office in Malaysia will be on June probably. Good News for me, at last more people getting know why we choose HotForex as our Main Broker. rclxms.gif rclxms.gif rclxms.gif
tdoptions1689
post Apr 16 2014, 03:52 PM

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QUOTE(tdoptions1689 @ Apr 16 2014, 02:00 PM)
Seems like we might have Morning Star Candlestick Pattern on GBP/AUD in 1H. Next hour confirmation might be a great opportunity for jumping in from the 1st stations. hmm.gif
*
Nice Morning Star build up Pattern. More than 50 pips within 2 hours. cool2.gif thumbup.gif
tdoptions1689
post Apr 16 2014, 03:58 PM

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QUOTE(kevler @ Apr 16 2014, 03:55 PM)
nice to hear that :-)
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Yup, really nice one. I though I will not trade it on the earlier. But suddenly, price became pretty strong bouncing and creating a Morning Star. Just jump in since last hours and boom, Double Long 1 came out. DD less that 15 pips.. rclxm9.gif

But where will it go? 1.795x or 1.801x? hmm.gif

This post has been edited by tdoptions1689: Apr 16 2014, 04:00 PM
tdoptions1689
post Apr 16 2014, 04:14 PM

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QUOTE(kevler @ Apr 16 2014, 04:08 PM)
if i were trading on this pair , i will buy until 1.82xx ..then i wait for next opportunity ..then trading again :-)
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I have couple position on those. Probably close couple of them in 1.801x and then activate trailing stop. Too early and I don't like keeping buy Exotic too much overnight. Swap are pretty expensive.


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tdoptions1689
post Apr 16 2014, 04:20 PM

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QUOTE(kevler @ Apr 16 2014, 04:17 PM)
concur that , neither do i ,  ..as i'm focusing on GJ and EJ :-)
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Bro,
I just notice. You like trading in the zone too? Wondering have you read the book by Mark Douglas title Trading in The Zone?
tdoptions1689
post Apr 16 2014, 04:22 PM

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QUOTE(kevler @ Apr 16 2014, 04:17 PM)
concur that , neither do i ,  ..as i'm focusing on GJ and EJ :-)
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Yup, but I close my position earlier on GJ. Too many correlated position, no choice to close GJ earlier and take the GA as the candle pattern was absolutely convince me to change.
tdoptions1689
post Apr 16 2014, 04:28 PM

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QUOTE(kevler @ Apr 16 2014, 04:24 PM)
hmm..i will check out the book later .  biggrin.gif

i embraced this quote from Bill Williams work

http://www.alpari.co.uk/education/market-a...ing-in-the-zone

;-)
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Oh, I though you have read that too. It is absolutely a worth buy book either to read or for collection.
tdoptions1689
post Apr 16 2014, 04:30 PM

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QUOTE(kevler @ Apr 16 2014, 04:26 PM)
already closed position on GJ ..as i'm waiting for next trade going south ..

need to wait next candle before put more trade on this :-)
*
Hard break Major Resistance now. Nice close wait for next opportunity actually. Safe trade. thumbup.gif

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