Goodjob. But fren, juz to let you know and also to remind myself. Play with small first. When we success wif small unit. Mean we are success wif bigger unit.

I wish i can do like you as well. As my analysis on my own trade. I can get very high winning rate. But once i lose, it can take away all my profit gains . Wish you luck man. I shall aim for everyday 10pips as well. Once 10pips. Close deal and sleep. Goodnight and sleep tight

Trying to maintain the risk at 1:1. But problem is sometrade. How am i going to cut off if i knew it is a down trend for sure. It juz abit of resistance by now? Sometime really get confused.. muz depend what situation, wish all of us get a better next wek

Juz some analysis on GJ and EJ. Juz something to share for major trend.

P/S: This is based on personal analysis. Do not trade based on this analysis. It was my prediction as well


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Ya, juz go tehre and have a learning section and so on. Problem is, the thread went too fast, and not really can get trading idea from there. cause alway got parti penyokong and parti pembangkang there. I rather trust myself. Haha

Why? Here no matter of kacau la. We juz together share idea. If you say kacau, then you can say me spamming lor. You see i spam this whole thread with my own graph analysis. I lagi kacau la.

Come back come back. We shall sit together and have fun together. Ya, i thinking of setting money management for myself also. Whereby risk 3% of my account for every trade. Mean if my account got USD 200. 3% mean USD 6. So if i play 0.01unit. So everytrade, my SL shall be the maximum 60pips. I will start doing this in coming week.No matter what happen, SL 60pips. No changing SL manual during trade session.

This is for my case, I not sure for other. I have USD 200 as capital. So every trade i risk 3% of my capital which is USD 6.

I trade 0.01 unit. Whereby 1 pips movement is equal to USD 0.10. So i can manage to take risk of 60pips. Mean 60pips * 0.10 = USD 6.

If i trade 0.02 unit. So, 1 pips movement is equal to USD 0.20. So i only can take risk of 30pips. Mean 30pips * 0.20 = USD 6.

Sometime, risk should be differ by the unit that you trade and the pairs. Cause if you trade GJ in a longer TF period. 30pips of SL is super easy to achieve and is super danger.

I have one trade in GJ, whreby it goes -110pips to me. But finally it ends with +140 pips when i closed the trade. So, conclusion. money management is good and safe. But sometime we will very sad when it touch our SL and goes into profit area again. I alway been in that situation and blame myself. Y i set SL? Answer : bcoz i wan safe and secure.

Ya, if USD 1000. 5% is USD 50.
If you trade 0.1 lot. Movement 1 pips in market = USD 1. So SL = 50pips.

If you calculate further. You are not allowed to make a continuous of 20losses trade wif SL 50pips.
Bcoz 20losses trade wif SL 50pips, 20 * 50pips = 1000pips = USD 1000.

Sometime, Forex make me scare when i did the calculation.

Same advice from me. We are trying to trade succesfully not trade profitably if we are new. I'm a newbie in FOREX. That why you alway see my trade is 0.01 or 0.02 only.
My principle = if i manage to trade USD 200 successfully and increase it to USD 2000. It also equivalent that i am ready for trade a bigger lots size.

My friend alway scolding me for this.

I alway blame myself, why i don't get into the trade earlier. Or why i exit so fast? Why i don't exit on the peak of the price?

My friend told me: If you able to predict that is the peak, then you already is millionaire by now. We are trader, is get profit. But imposible every trade we able to exit at the peak of the price. And we also unable to maximize a profit from every trade. Reason: If a price increase from 110.00 to 115.00...

Note : (From a friend of mine)

Moz probably you will only enter an nearby 111.00 area (already kurang 100pips) and exit on 114.00(kurang lagi 100 pips). Why enter so late? Cause you waiting for confirmation. Why you exit so fast? Cause that is your TP and imposible you can predict it can go until 115.00. The most you can do is set SL to 114.00 and put trailing Stop of 15pips. It might helps you.

Edit :
@corez
I very agree with you. You are doing great with that approach. Even myself is jealouscy as well. Bcoz sometime i cant even get 10pips per day. Sad for me.

This post has been edited by mphpopular: Jun 8 2008, 10:31 PM

You trade with what account first? What is the smallest lot size from your broker?
How much of risk you wish to take? Usually people taking 3% to 5%. Bcoz i saw your trading method from your post (your trading result).
I worrying is it you suitable for this. Cause this method is suitable for some case but not for all.

I think this one mayb not suit for jebonen one. Cause jebonen trading method is not suit by this, i think. (think only, jebonen don't scold me)

Edit: Faz Faz reply me lor. I will slep by the time 12. I need work tomoro morning lor. Haha. I waiting here until 12. Special for you only.

This post has been edited by mphpopular: Jun 8 2008, 10:52 PM

Further confirmation needed : Smallest lot size 0.1 --> 1 pips movement is equal to how much (1buck or 0.10 cent)? Cause there is different if you using mini account and micro account.

Alamak, Kena bomb by you liao. hahaha. Fuel price making my life miser-able. But forex is making my life fun-able.

I cant really comment anything on these. Since i not very understand for those leverage. The only thing i know is higher leverage, is mean enable you to trade more with lesser margin. I currently using 1:100. which is default by my broker. I lazy to change it. since i stil have enough margin for myself, bcoz i only trade 0.01 unit. Juz a small small case. Nothing much to worry for margin in my case

@normeck
I still waiting you.

This post has been edited by mphpopular: Jun 8 2008, 11:19 PM

Got your info.

1 pips = USD 0.01. This is micro account.

For this case.

Capital = USD 100
Risk = 3% on capital

100 * 0.03 = USD 3 (risk in monetary value, this is the risk you can in every trade)

If the risk is USD 3. That mean you could set your SL at 300pips

Whreby, 300 pips * USD 0.01 = USD 3

Note : This is only applicable when you trade in 0.10 lots.

Trade 0.20 lots --> SL 150 pips
Trade 0.50 lots --> SL 60 pips

So, you shall have a look on it. Depends on how you decide it. You can alway change your risk even to lower as 1% as well.

Hereby i attack an excel file. Whereby it can calculate for you. I wish to make an program for it, but i cant do it by myself bcoz i only learn the basic programing C++ language before.

Here is the link. I was unable to post a .zip file or excel file over here, so i have no choice but to post over there. Sorry guys
http://www.4shared.com/dir/7519399/63475e30/sharing.html


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@normeck
You should use the micro one. Don't use the mini one. I wish there is no mistake that i done in the file. If i done any mistake in the formula. Juz telll me or PM me. I don't want later people kill me for post wrong thing. Haha

@all
For those have learnt programing language. simple one is enough. If you are free. Might be some day we can have a meet, and wish you can teach me some of it. I wish to learn like compile a formula (simple mathematic formula) into a software.

A software whereby i can juz double click and use. Juz PM me if you willing to teach me. But we muz find a time whreby we both are free. TQ very much in advanced

This post has been edited by mphpopular: Jun 9 2008, 12:49 AM

Wao, you are so late. What ur opinion on GJ? I stil looking around IN GJ. bcoz, i found in book telling me that the M formation that i drawn on my analysis on a few pages ago, is one of bullish formation? So, i kinda interested what others opinion on GJ.

Shall it go top and top??? I still wondering around. The GJ was in a bad mood for past 3 week (bcoz i losing money from it). Haha

At morning 6am. Our time malaysia time.


@all
Juz share wif you all something i have been using. Its kinda a good .exe file in see-ing the market hours. I wish i could make one of these kind of .exe file as well. Plz anyone who willing to teach me on programing. Plz pm me.
Here i share the link for you all since i cant post it over here.

http://www.4shared.com/file/50566935/b76a2...rified=6447ad06

This post has been edited by mphpopular: Jun 9 2008, 01:00 AM

Its ok my friend. The market will always be there for you. I kinda of tired. But still wishing to finish my work before i slept. Preparing my points for my presentation on forex vs stock market. Kinda of fun.

Haha. I juz finish ate my "chang" haha. Ur point is valid as welll. Juz open my mT4 and go thru your point. I still having a blur mind on this GJ. Might wait for further confirmation. And thanks for your point.

Gotcha. Wish to see a bull run as well. Hope it make a good market for us.

We should alway put a negative sign infront of our trading method. Mean we wan sell, then we buy. we wan buy, we sell. Juz a joke

Can you explain a bit why the market still move on weekend? i very curious on this. Tq very much

This post has been edited by mphpopular: Jun 9 2008, 01:28 AM

Ya, like last week.GJ direct fall into a great dip. I think i get your point. Thanks ya

Actually i tried this on my demo as well. Result come out is worst than what i trade in usual method. Haha.