First of all thanks to mod for creating this subforum.

This thread is for forex traders (trading for profits or as a hobby) to discuss strategies and post their successful trades for others to learn from. We may also discuss about failed trades and learn something from it as well.

What's good about forex?
1) It's a truly globalised market (open 24/5 a week), we are talking about USD 1 trillion worth of transaction every day.
2) It's a free market. Limited regulation compared to securities exchanges.
3) It's where technical analysis works great (I'm so into some technical analysis).
4) Forex trading skills can be apllied in various type of securities and commodities as well (futures, options, gold,soybean). Good for people who consider trading as a professional job.
5) You can open account for -USD 5.00 (yes you get money instead of spending money).

Let's start

Trade : Nov 17 (9pm - 4 am M'sia time)
All positions entered and exited between 9pm-4am.
Total profits : 228 pips





Keep the posts coming.

This post has been edited by luqmanz: Nov 19 2006, 12:35 PM

I updated the post above to show the indicators. These indicators are fibonacci's levels with moving averages.

Wootage those are real money ... my account is virtual trading only ... I'm still training myself.

Yaa I use only vegas. No other indicator. Maybe once I become an expert I can invent my own.

Download and install the software Marketiva.com. Login dan kat situ ada channel Malaysia. Memang ramai orang kat situ ...nak tanya ape2 semua boleh ... support channel pun ade. That's how I started and now quite ok, can trade and evrything.

If you like, I can send you the tools and guides on forex. I think it's a great starting point. Just pm me your email. Make sure it can accept 5 MB attachment though.

Saving up money now. Hopefully can start in 4-5 months. Planning to start with Rm5k. Hehe

Now is training time.

I use pivot points as indicated by candlestick charts. I love it.

Great place to learn

http://candlesticker.com/

I have never used it. Is there certain tools that shows EW ?

wow GU was insane yesterday ... I entered the trade just before breakout .. but I made mistake with the stop-loss order ... I got whipsawed .... sigh ...

Should have gotten 120 pips yesterday ... Too bad

If you have USD 1000, you trade 100,000 units. It's a 1:100 leverage.

Let's say your investment drop .. your position will be liquidated automatically when the value is 99,000.
So you lose USD 1000 and owe nothing at all (assuming you didnt borrow from anyone the USD1000).

You're right ... I have been bored since Tuesday where I got whipsawed during GU rally this week and last night there were too little market action.
Hoping for the GU indicators to reverse. Let's watch it closely hehe ...

I use stop loss. It's a very important habit to use stop loss. I trade whenever there's a chance (indicator positive). Many times I dont trade anything at all in a day. Dont force yourself to trade when theres no good trade. You will lose money that way.

No it's actually -USD 5. You get money instead of paying.

Yup ... it has both virtual and Live.

Yup ... red means loss, green means profits.

wow cheap!
It's open for 24 hours ... but if you trade USD pairs, better trade only when US market is open 9pm to 5 am.
Nice record.

This post has been edited by luqmanz: Nov 25 2006, 10:50 PM

Attached is the .xls that I used to manage the money and calculate the appropriate units to buy.

When I enter the trade, I risk no more than 2% of my cash.
My stop loss is 50 pips (or determined by closest support/resistance).
Given this infos, I calculate how much units to purchase.
This way, I wont lose more than 2% of my cash if the trade hit stop loss.

Let me know if there's any prob with it. Cheers.

This post has been edited by luqmanz: Dec 10 2006, 11:25 AM


Attached File(s)
 Forex_Calculator_1.1.zip ( 6.99k ) Number of downloads: 87

We got many high impact news this week. Gonna see a lot of action.

Wow nice. Trading for the banks. Public Bank hire part-timer for forex trading ?

Woot. I want WW too ... can email me ?

luqman_i@yahoo.com

Looks convinving Quincy ...

1) Marketiva has zero overnight interest at this time.
2) Trade anyway you like. Zero interest

Wow this wolfe wave sure looks promising.

wooh impressive GU movements ....