haha..i know bout all the risk management and stuffs..i'm using 3 diff WMA to identify crosses and bounces. just wondering if anyone has better way of identifying. currently on a demo, out of 30 straight trades, i lost 4...hmm..still figuring how to better refine my entry/exit.

Actually, i dont have exit plans.. (since i set the limit to only 10pips)

anyway, went to forexfactory for some remedy, found something quite interesting, not sure you guys tried it before:

1) CCI (50) - above 0 go long, below 0 go short
2) SMA 39/39 (High/Low) - candlestick closes above/below the channel, long/short respectively. Though this one aint too accurate, only bout 70% good on back testing.

ooh..no no..i dont believe such thing as holy grail either. Anyway, this is just for sharing...who knows...it might suit you

For the WMA, when the faster WMA5/20 is near to the slower WMA100, usually i'll avoid trading there. Prone to rebounce. Also, notice the smaller rebounce of WMA5 on the WMA20.

As for the SMA39/39 channel, notice the candlestick's opening out of the channel, shown by red arrow. It is a hefty profit if it's in the 70%. Ofcourse, you'll need you other indicators to use along with this...you aint wanna use this when it's going sideways..

ooh? they have it in MPH? or is it an ebook? sigh...trying to save money for a live acc...

with the current style i'm trading with..USD$2k is good enough for a mini..i trade on hourly basis, so which ever pair that has a suitable trend, i'll go for it...see my previous post and you'll notice that

hmm...for US$1k..it seems too little for me...i might have 5 position open simultaneously, and i dont really use SL.

Nah..stock market is too slow for me..going through the demo is good to understand how FX works..i'm a greedy person..

these days seems like i've been able to follow my own rules..lol...even wrote it down, and stick it to the wall, with a big "BE PATIENCE!!"

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Added on March 21, 2008, 12:02 ami heard some bank offers leverage for stock options too..but it's only 3:1..not sure bout the margin though...

This post has been edited by small-jeff: Mar 21 2008, 12:02 AM

i think FXCM only requires $250...but anyone opens a live with $250 is totally insane, unless they plan to open one position (10k) per day, and expecting instant profits.

to me, $2k is just good. Usually my used margin is bout $250-$500, which gives me mininum of $1500 usable margin.

ODI? is it better than FXCM? gonna find a good platform soon..how much is the fund transfer cost per transaction?

well...if i were to start a micro acc, i'll put up $200...since each pip cost $0.10.

Honestly, until today, i still havent get to understand what metatrader is..lol..been too focus on all the indicators and candlesticks..

P/S: i would like to use FXCM's DailyFX+

This post has been edited by small-jeff: Mar 21 2008, 01:12 AM

i think fxcm has it. but the indicators i used are rather the most simple ones..

what do you mean by fulfilling your volume requirement? use lots of indicators?

hmm? how did you lose?

hmm..anyone here a full-time trader? wondering whether it's possible to quit my job and do full-time trading..

hm...i'm still trying on a demo now...wanna see how many positions will i lose out of 200. now just past the 40th or so position. hm...kinda worried though..that going live is different from demo

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Added on March 21, 2008, 8:37 pmbtw...the market today is going quite sluggish though...most pairs gone sideways..some breakout might just be in the corner..

This post has been edited by small-jeff: Mar 21 2008, 08:37 PM

it means.."its friday..go out and stop making money through the pc"

deng...no wonder...

most likely it'll go sideways on monday as well....zzzz....

yeah...i noticed that too..i tried too couple of days off, and notice that during our daytime..not that good to trade as during night..and the spread is high as well..night time i could trade bout 10 positions..but during daytime could only trade 3-5 positions..

it is possible..provided that the profit limit is very low...considering you try to earn 1pip per trade..not really that difficult..currently i'm targetting on 10 pips per trade...looking good Ofcourse, you'll need to know what you're doing...not blindly place position

sad to hear that bro...but from what i see...it would be better to place a SL at 200 pips. Usually, well..at least from what i observe..prices tends to bounce back, provided the trend isnt bearish at all.

ooh? going live? good luck man..you're going to use ODL? mind to share how much you're gonna start with?

i'll have to wait to bout laast quater this year first to join in...$2000 still not enough? you're not going for a standard acc ya?

hmm..just a personal note. $2k is only good for a hourly or 30mins trade. Going for a daily trade or a longer swing is rather...not really enough..Ofcourse...you need to do anything just to avoid margin call..

hmm...was thinking bout that too...if use euro...how much is it for a typical pip?

hmm...doesnt sound good to me. if usd keep falling like this, when i turn it back to ringgit, i would get less than what i should have...

if you have usd, buy ringgit now...