For me i dun even need a SL n still able to close with profit... the only time i use SL is when market go up higher than my initial profit target n I m lazy to monitor. I wil juz set 30pips for example while having 50pips floating n go to sleep.

If go up then I make more, if come down at least i dun go negative

nop .. but the second part yes .. sometimes i do exit when it close to the SL but only on reversal ..

err . that one ... sometimes i did like that on 1hr scalping .. haha .. not on bigger TF .

i got both mini and micro .. both under LiteForex .. they got office in kelantan .. can direct withdraw to maybank ..

It is not about having bigger stop loss. it is about when u take a loss, do u have plans to recover more than what u loss? And of cos, having a smaller entry will allow u to have bigger SL. Sometimes a good consistency trading with smaller lot size can be faster ROI than those who take big win and later on take big loss. It is a consistency that matters try gaining 10 usd per day and see for 20days, it is about 200USD net.

I once have market go -ve 500pips and come back up I close for 120pips income, and I sleep with that -ve or watch TV without SL. Because I know, soon enough the market will do the way the fundamental go.

You need to really know what things going on. Fundamentals, with that in picture u will not be at the wrong side all the time, even u are wrong from the first place, due to good fundamental study the market can easily correct ur mistake soon enough.

This post has been edited by billytong: Jun 26 2008, 02:13 PM

Hello there, 1st intro, i alwaz lurking in here to learn from all sifus..2nd, hey i also got account with lightforex in kelantan..maybe we should meet for teh tarik session ...

Here is my GU latest stuff.

Resistance 1 and resistance 2 both looks important for me

---

Added on June 26, 2008, 2:23 pmGot your point. Very valuable..

This post has been edited by mphpopular: Jun 26 2008, 02:23 PM


Attached thumbnail(s)

im going for fxopen terminal.. and micro account.. i think i should start with 100usd first... and see what gonna happen next... got to practice and learn a lot to jump into real account.. i think i acquire only 1% of the knowledge although i feel like i can trade already.. hahaha..

This post has been edited by fazryle: Jun 26 2008, 02:32 PM

Erm, juz trade wisely. Juz let you know, me still trade wif 0.10 cent per pips. And i trust there is people who do 0.01 cent per pips. I still gaining experience in order for me to make a longer move in forex.

thank you all sifu here for tip & advise...

ya its true... i thing i should kill the psychology feelings that will disturb movement of trade.. be more confident like as i played the demo.. but need to understand all of the fundemental factor and analysis.. i will also use the 0.1 volume.. thanks a lot mphpopular for the advice.. any new info please inform k.. by the way im using the indicator that kuasaforex recommand.. and i found it good... is it ok bro?

Fundemental.....haizzz....very weak in this part....ok la..i will slowly study it..where should i start?....

especially that related to FF news...Housing, Retail...Oil...NFP...Trichet speak...arghhhhhh!!!

Well in this world it is the Politician + the big boys who move that market, and these big guys dont play tech

We just follow what they do , if u cant beat them, join them.

my Euro top @ 5688, now my shorts in money now.

Taking my short out from 100 bucks, Daily easy money.

another short closed, @ 563x, I am done today for 200bucks.

This post has been edited by billytong: Jun 26 2008, 03:52 PM

GJ 15m

Wao, jealouscy... I wish i could be like you one day as well. I currently still dealing wif 1 pips = 0.10 cent. Difficult oh... Haha

I post out GJ chart, But i did not take the trade, abit too sad....
But currently GU +50pips. Lock my 20pips first.... Lock it in my safety box... At least tonight i got dinner already.

This post has been edited by mphpopular: Jun 26 2008, 06:10 PM


Attached thumbnail(s)

Gosh!!! I have been searching for Forex trading for many years. Now I get the group of people who are all expert in this industry. Hope I can learn from all of you. SIFU.

used to be like that .. one day usd100 enuf .. but biase la . greedy .. then suddenly i lost more than 300usd in just one night .. and its like a virus keep spreading ... now take usd10 per day ..so tiny deposit left .. i've burn more than 800usd in the past 2 weeks ..

ahaa . fundamentals .. sifu has spoken .. must study this a.s.a.p

This post has been edited by coldfusionpower: Jun 26 2008, 06:27 PM

valid or not???


Attached thumbnail(s)

wau...losing a lot in EU and GU

close positions d for GJ.. hit my trendline d... MACD not hit yet.. hope i will not regret..huhuhu


now lookin at EJ.. real hope it comes down though... uhuhuh..if yup, m gonna catch this b****!!

10pm news. Might be a key. GJ muz careful on this. USD news have a big effect on those cross pair.

This post has been edited by mphpopular: Jun 26 2008, 09:34 PM

GU new channel is now valid for me.

Currently wif +95pips floating. If the price break thru the channel. Then the channel is not valid...

Edit: Touch my SL, trade closed wif +73pips.

GJ testing trendline

We all is trying to learn betwwen each other here. Juz share out what you want over here. Hehe

This post has been edited by mphpopular: Jun 26 2008, 09:51 PM


Attached thumbnail(s)

wan puntin? this 1 looks nice... d point is wat price to start buy??

---

Added on June 26, 2008, 11:26 pmsorry bro... dunno much ab this

This post has been edited by low yat 82: Jun 26 2008, 11:26 PM