u earn when the sell price above the buy price you enter

Bank buying @ 3.1155 MYR per USD means we are Selling at 3.1155. Bank selling @ 3.1945 means we are Buying @ 3.1945 per USD.

So you Buy USD/MYR @ 3.1945 (Ask), you get 3.1155 (Bid) if you close your position now.
1 standard lot (10 USD per pips)
you lose 7900 USD
you only earn money when BID > 3.1945 (the price where you bought)


that example is too hard to understand. I take a realtime forex pair and show you
Lets use EUR/USD
EG. current price 1.33498 (Bid) & 1.33500 (Ask). Spread therefore is 0.2pips
So you currently lose 20 USD (1 standard lot = [1pip = 10 USD]) the moment you enter the market excluding commissions.

If you buying EUR/USD means you Buying Euro and Selling USD
so you long (buy) @ 1.33500, 2 situation happen:
i) 1.33000 (Bid)
You close your position here. Means you Sell Euro and Buy USD.
You long (buy) @ 1.33500 (The ask price you get that moment)
Current BID price @ 1.33000, = You lose 50 pips
1 standard lot (1pip = 10USD), you lose 500 USD exclude commissions.

ii) 1.34000 (Bid)
You close your position here. Means you Sell Euro and Buy USD.
You long (buy) @ 1.33500 (The ask price you get that moment)
Current BID price 1.34000 = You win 50 pips
1 standard lot (1pip = 10USD), you win 500 USD exclude commissions.

Why don't you open demo and try out?

This post has been edited by zDarkForceSz: Aug 19 2014, 04:25 PM

i have a micro account but i dare not exercise first because still lack of confidence...

focus on scalping if u r still new...focus to trade at M5/M10 but look the average movement at H1/H4...if u dun start u will never know...install stochastic, zig zag and currency strength meter...set the stochastic at 18,5,6 for currency without Asian...like GBPUSD, EURUSD and so on...if have asian currency set the stochastic at 14,5,6 like EURJPY, GBPJPY and so on...try it first...

remember this tips when do scalping

- At CSM (currency strength meter) look at the currency indicator and identify this color = Red(high impact), Orange (Medium Impact), Yellow ( Low Impact) and blue (no impact)

Example u are trade for currency pair GBPUSD. At CSM the meter show USD is at yellow and GBP at red. Thats mean GBP is giving more impact over USD. So with this u already have 1 signal for entry.

- look at stochastic. if the line touch each other and have make cross like 'X' for example at the line 0-20 the stochastic for that pair movement already at the bottom and it will go up again. This is ur 2nd signal

- take a look at the zig zag pattern. if the zig zag pattern already form 'Z' pattern look where the last line show...if the line is up meaning its for SELL entry and if the line is down meaning BUY entry...so according to the example above from the last 2 signal when the zig zag pattern already formed and the last line is up meaning this is your 3rd signal for entry.

(NOTE : THE EXAMPLE OF 3 SIGNAL ABOVE ARE FOR BUY ENTRY ON PAIR GBPUSD. FOR REFERENCE ONLY)

This 3 signal of entry will create a perfect entry. Means if u entry when this 3 signal occur it will be the right timing and the % to get profit are high. However even though with this 3 signal is call as perfect entry but still the risk for the movement being reprint is there. For example when u are near to the news time, this perfect entry will not become legit or when the market trend is moving sideway it will be hard or take long time for the entry to reach ur target.

Try to understand my instructions above and start ur trade at the lowest vol. perpip... cheers

This post has been edited by haziqnet: Aug 21 2014, 08:31 AM

Noted... the things that you mentioned - stochastic, zig zag and currency strength meter... is it a third party apps?

where to get it then?

stochastic and zig zag already have if u use meta4 trader (go to insert button and look for indicator button) there find stochastic and set according to my note just now and look for zig zaq no need to set anything)...for CSM u just google it currency strength meter and download it...

This post has been edited by haziqnet: Aug 19 2014, 06:49 PM

i m not prefect...

but i gain most of the time..

No perfect strategy.. only mindset...

Gamble on news is a dead wish..

clear your mind.. dun do silly mistake... too close pips dun enter 2 twice..

point a n b must be 15 pips minimum..

Don't enter twice does that means even if we think the currency is heading to the direction that the analysis shows, we don't do buy/sell two times?

what if the currency really goes to that direction? then missing the opportunity right?

what are you? scalper, intraday? position, swinger or long term trader?

ive been paper trading since 2007. take your time

if u know the direction in the first place.. why u want to place second time.. 1 big rate will do..

whatever the trader i m..

it only concern to my team..

if u enter at the same time how can u get profit. for example if u entry at 1.310 for buy and 1.307 for sell...if u r doing hedging yes can...but not in the same time...usually hedging when u already identify the right movement of the pair...let say at first u entry BUY...then after further analysis, fundamental on news or u identify any pattern of candle that show the movement will go from Bullish to Bearish than after this u should entry for SELL...but make sure the amount ur entry must be higher than the 1st one to gain balance from the 1st entry of BUY u did...with hedging either u can make profit at the end or to reduce loss.

This post has been edited by haziqnet: Aug 21 2014, 08:28 AM

friday signal same with Thursday
monday 18/8/14-19/8/14 tuesday
total = 213pips profit

gbpusd sell tp1 and tp2 hit 90pips
xagusd sell tp1 hit 23pips
xauusd sell tp1 hit 50pips
usdjpy buy tp 1 and tp2 hit 55pips

This post has been edited by kuzco: Aug 20 2014, 04:04 PM


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WHEN eu going to uptrend?

Been following you for a week plus and everything goes well so far. Thanks.

is eu going to turnback? i scared im catching a falling knife.

my prediction on EU look at D1, the stochastic is near with the bottom line...my analysis based on the stochastic and the candle pattern + average moving, the trend is still downtrend until the stochastic reach the bottom line (below 0-20)(maybe it want to reach 1.3200 / 1.3150 before going up again) EU look bad because of Geopolitical issue...and currently USD keep strong...for safe trade if put entry on SELL will be the best option than BUY for now...if u want to take BUY entry look for engulfing pattern or hammer...set ur TP 5- 20pip only...TAYOR...

Note : im giving my technical analysis based on D1, average movement, stochastic, candle pattern and news fundamental...

This post has been edited by haziqnet: Aug 20 2014, 09:53 PM

based on what analysis ni bro ? cap ayam ke ?

i already tell u on the note above...if u want to verified take a look at meta 4 during im making this analysis. For those who scalpe entry SELL get more than 10 pips and for those who entry BUY after that get more than 10 pip...either u want to believe or not suit u...im just sharing my analysis...u want to call it as cap ayam or what because u think u r pro than me im ok...but those who follow just now know what im talking about...

This post has been edited by haziqnet: Aug 21 2014, 08:29 AM