Enough to quit my job for the last 12-months

Nope, progressively add-on my capital up to 20K+.
Trust me, the amount of capital you have will affect your trading mindset greatly.

I trade very conservatively ..... even with 20K+ deposit, the max. lotsize I traded at any one time is no more than 12 miniLots (or 1.2 standard Lot).


This post has been edited by Pinnacle1295: Feb 10 2015, 01:28 PM

Previously I used to trade on H4~D1 time frame and normally hold positions between 3~5 days.

However for the last 5 weeks I have started to use shorter time frame M30~H1 & most positions are closed within 2~3 hours.

EDITED:

I trade 100% on technical, no fundamental & I don't read news. I don't trade any specific pairs, I just studied around 10~15 pairs charts & trade the one I felt giving me strong signals.

This post has been edited by Pinnacle1295: Feb 10 2015, 05:25 PM

Possibly dued to the spread.

TP not triggered has nothing to do with 'lost connection'. Once your trade is executed, your SL & PT are registered in the broker's server, not in your PC. You can even switch off your PC after executing your trade.

TP not triggered has nothing to do with 'lost connection'. Once your trade is executed, your SL & PT are registered in the broker's server, not in your PC. You can even switch off your PC after executing your trade.

TP not triggered has nothing to do with 'lost connection'. Once your trade is executed, your SL & PT are registered in the broker's server, not in your PC. You can even switch off your PC after executing your trade.

Sorry for the triple postings. Received 'error message' during initial post so I click 'Add Reply' again twice.

Theoretically you are right if trade 1.2 std lot x 20 pips profit.

However my trading strategy is normally I start off with 3-minilot, then add another 3-minilots upon pullback & finally add another 3-minilots upon pullback, making a total of 9-minilots in play. But this strategy depends of the strength of the trend. Using this technique, at times I managed to harvest a TOTAL of 300~600 pips per day! In the longer-run my average TOTAL gain is about 65~70 pips per day.

What do you mean ..... 3minilot =0.3 rate ??? I don't understand.

It's called "continuation" BUY for uptrend. Dollar cost averaging sounds more for losing trades

cylaipro, spot on!

Thanks for explaining on my behalf!

Well said! Never predict the trend, just be a trend follower.

Remember when you trend trade ..... it's 2-steps forward 1-step backward for Uptrend & reverse for Downtrend. Don't expect the trend to move in a straight line upwards.

The scenario you mentioned above is more like "gostan-gear".

So the question arises .... how do you know the uptrend is still intact when there is a pullback? For me I look at the MA at higher timeframe.

EDIT:
I just made 58 pips profit from BUYING GBP/JPY

This post has been edited by Pinnacle1295: Feb 11 2015, 08:33 PM


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No problem for me on withdrawal from FXCM.

Made a withdrawal recently & it took them 2-working days for the withdrawal to be credited into my Malaysian bank account.

Using wire transfer.

FXCM charges = US$40
Oversea Bank charges = US$25
Local OCBC Bank charges = RM10

I made US$1,069 from this pair last month

Managed to scalped 38.6 pips prior to news



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You can open directly from oversea broker, eg. FXCM, SwissQuote, etc. ....
Check their websites.