Long time I never browse here.
Don't trade Forex. Switch to crypto, it's much easier.

I give u one example why small guys can't make it.

Assume u can grow 5% monthly in account, u expect like RM 10k per month, so you'll need 200k RM or 50k USD account.
Small guys are way too undercapitalized.
Trying to use 500usd to earn 5000usd. Very fast account burn in a few months time.

Second big problem is like this, Forex is super duper ultra manipulative. Besides TA crap, I have access to some data where I get to see other things that you guys don't have. What we see as candles are only price time relationship. Normal traders don't get to see the value of transaction behind it. It's like you fish with normal fishing rods. Bank traders fish with sonar equipment.........

My accuracy is to extent that when it's ranging, I can pinpoint 2 points that when price touches there it will U turn or make big reversals.
Even with that it's hard to be accurate.

Why is it like that ?
Banks wanted to fill their big volume orders, maybe at 2 certain price point when ranging. Within 300-400pips price point only 2 levels are of utmost importance. The rest is just rubbish, noises.

If I take a piece of boxed math paper, I mark down a few important levels, then I could have many many combinations. Not only those bounce is here therefore it's a good support, but it may break this support to a lower one, then next week it goes back up again. It's like I want to fill 1.41 price. The price whacks above this week(+120pips) next week below(-100pips), next week above then continue with real move.

It's whacking like mad to getting filled. Sometimes it's supposed to go up, but haven't fill enough, so bankers play with it. If you can fill lower and earn more will U do it ?? Definitely will.
So bankers don't even know how low they can go.

- Some of the levels broken today, then bankers push it up for another 5 days, evidently with GU. Later drop it like a hammer. It's not TA is not working, it's price is being manipulated.

- Sometimes they could slowly push up a currency to fit in to the NFP news. Currencies are managed to move within 1.2-2% daily. This Friday NFP they already know the results. So they sometimes push it slowly from Tuesday to Thursday only to drop it on Friday to prevent things triggering other things.

And I can tell u this truth because I saw bank Traders said this. Last time before 2008, euro/pounds/yen or mainly USD pair were moving like 200-300pips daily. During that time it's so much easier to daytrade. Either it break during London, if not real move comes during US open. Just follow engulfing candle. If wrong just martingale go the other side. Since the daily movement is 200pip, losing 30pip is nothing cus risk to reward is great

Now the daily pip range becomes 60-70pip range.
Minus the volatile stop hunting candles, u are left with 50pips. Minus confirmation candle, left 35pips.
Minus spread 2pips, minus slippage......u get my point. The daily volatility has reduced tremendously that it's impossible to day trade, plus spreads dint go smaller. Risk to reward ratio is pretty much shitty

Another factor that TA traders don't know is that central banks has been at war with each other ever since 2009. Before that they already 'agreed' behind to let their own currency devalue or evaluate. Like since Bush went up, he devaluate USD, so euro appreciate like mad for 6years. Just long euro for 6years can retire d. Now they like angry neighbors.
This month devaluate, next month appreciate. Later Brexit drama, later this and that, and as China becomes stronger, the trade volume on USD becomes lesser. USD volume drop becomes daily movement becomes lesser.


Day trade = gamble.

Don't waste your time on the most manipulative unfair game there is. Why bother try to prove yourself at a so high difficulty level game.

Even buying dips on stock market is easier. (Some counters dip a few percent every few days)

This post has been edited by AllnGap: Nov 26 2018, 02:16 AM

so far i've found only 2 consistent things over these few years
i'm not gonna reveal everything for free because i paid a lot of money, time and effort into it.

i can give you hints, if you are lucky and hardworking enough maybe u can find it.

1. there are certain time of the day which will get retested on the following day, price will gyrate or test there before continue its movement to where it wanna go. u draw that level today, tomorrow price will love that level before moving on
2. the transacted value of every engulfing candle is different, why this is important ?? for high probability trades of course (some big orders need to get filled, and bank traders will push to that level for many days to fill it. after getting enough price will move away from there, so there's the point where risk vs reward is the highest, at reversals)

why it's so popular ?? because brokers knew our failure odds, and keep on spending marketing on it.
it's not that it's easily profitable for traders. it's very profitable for brokers to find waterfish.


im trading crypto now, can make 15-20% without so much of BS that forex trader faces.

The harshest truth is that for any financial sectors, you need to be very good it to be profitable. being mediocre alone doesnt cut it.
the amount of money you earn is scalable with capital.
TA is just 30%, the rest is money management, understanding of the market and its participants, understanding of manipulations (insider knowledge).


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you wanna learn real useful stuff, close all of your TA indicators, dont waste any more time on it. i've gone through 3,000 indicators. price get manipulated, your indicator follows suit to bullshit you.
learn how that particular market works, why price move the way it is, what advantages/disadvantages you have over the big guys.
then you will see the bigger picture.

i've followed a few sifu over the years. one of them admit to me his system worked for a couple of months, then after that couldnt work (his system was based on ranging markets). one of my sifu has a group of trader friends. like they will chip in money and send one of them to learn from whatever Forex Guru from singapore (like Adam Khoo that type of classes, RM 5k per class). so their group had like 15 over classes from those sifu. (which you need to spend like near to 100k it you wanted to attend all of them)
they had plenty of their secret systems. but my sifu and their group ppl all gone back to traditional business now.
i had all their books, read them, conclusion is when they trade it market was moving well. like way back then, before 2008.
euro in particular had move up 6years in a row. you put 200MA on 4 hours chart, everytime touch it just go long and you could make money easily. their systems all worked very well back then.

my point is that even that guru revealed 100% to you his sytem that made him a millionaire, it doesnt mean it will work now because markets have changed (movement not as volatile and easy like last time). one of the guru got sued by his students, not bluffing u. *** i used to be an idiot to think that if i had their magical system i will make lots of money ***

TA is basically a basic degree for a job. once you get the job, you realize that your degree is useless and not applicable anymore. TA gets you to a 50% win rate is still gambling odds. then you need to refine, retune to 80-90% win rate. and TA cant bring you to that accuracy.


i hope that someone did present this truth to me back then. then i wont waste so much of effort into it.
anyway you cant become king of the jungle just by reading many books about jungle and therefore you think you are Tarzan.

This post has been edited by AllnGap: Nov 26 2018, 11:00 AM

those that in it for long time will tell you go daily or weekly to trade.
at weekly it's all peace and only a couple of trades per year.
not that crazy daily open 4-10 trades

there are daily retests, happens 3.5 to 4 days in a week.

This post has been edited by AllnGap: Nov 26 2018, 12:26 PM

remember to tag me next week for the pullback zones next week.

been sent to bora for 30days anyway

when free can watch these videos, will update when i found more whats going on the other side

the other day i watched a video where a whistleblower from broker revealed how they screw traders by having triggering spikes, widen spreads and all that. they have another trader that his job is to widen spread when you enter, then give long spikes to trigger your stop loss. cant find it.

their day job is to scalp pips from you




This post has been edited by AllnGap: Jan 2 2019, 05:31 PM

walao bro.....sweat i look at your account, dont throw your whole life into a single trade.
your problems are not those 7, but you gamble your way by topping funds, martingale too much.

dont use fundamental as a trade direction, without calculating the volatility in it.
it just need to spike or go against you for 3 straight days and you're gone d.

Dont have vengeful trade as well.
Think of your family first, you will trash whole family into financial ruins if you continue like that

Wow this chart is super long term. Way back 30years

Wow this chart is super long term. Way back 30years.

But there was no euro back then LOL

erm, here no ppl trade DOW 30 ??

whacks like mad, with daily range min 120-250pips

This post has been edited by AllnGap: Oct 23 2019, 03:19 PM

DOW is correlated with YEN so hahahahhaahhaha

you can only hold the line when you have unlimited money or hedge it very early when you realize it turn against you.

if you really like to hold the line, i suggest you come to DOW JONES index and hold short for a year.
it's at monthly high near to 27,000 points.

This post has been edited by AllnGap: Oct 25 2019, 07:10 PM

Scalp some from Dow.
Swap a day about 1pip but volatility wise is 150pips

I predict gonna drop in a few months time.

Damn thing damn manipulative. Affected by yen, trump headlines.

option's basic function is you sell bets that are very hard to hit. but the payout is humongous (maybe 50x or 100x of the premium you take in)
is like picking up nickels on the rail way track.
you may profit until one stage where the train hits you and you become homeless.

its like risking $100 to collect $2 of premium......

on warren buffet, what you said is on the surface only.

1. Warren buffet has an insurance company for 52years, and he use those premium paid by customer to buy and collect dividends. (insurance company has $115 billion, may read here : https://www.fool.com/investing/2019/02/22/w...-a-52-yea.aspx)
basically he's using OPM (other ppl money) to grow

2. his dad is one of the politicians. of course this gives him an edge in "insider info"
why would i make this conclusion ??
many of his decisions in buy those companies are winners (some of which are winners in government policy change) must have some sort of magical crystal balls

3. his dad owns a small stocks brokerage firm.
this also gives edge because the know the orders (ahem can do a lot of scalping back at those days)
or when the owner of the stocks dump before earning season comes you already know bad report is coming......
or knowing some back-end merger between companies also can huat d


so it isnt as simple as buy stocks and become FXXKING RICH

This post has been edited by AllnGap: Nov 1 2019, 06:14 PM

im already down 600pips from shorting DOW.
CB pamp non stop since Thursday.

luckily BTC and others there cover more than half of losses d

This post has been edited by AllnGap: Nov 4 2019, 07:06 PM

nearly close it at breakeven then it pumped straight for 2 days.

no SL, only cut loss / pamp money.
my account can tahan another 2000pips against me.
sweat.....looks like have to hold until December d


weekly chart, got 5 tops still dont wanna collapse !!!



This post has been edited by AllnGap: Nov 4 2019, 07:17 PM