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 Forex Trading Corner V2

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mphpopular
post Jul 5 2008, 01:47 AM

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My phone only smart phone. Not a PDA. Haha.. I wish i could as well.... This week done badly. Wish a better next week....
normeck
post Jul 5 2008, 09:38 AM

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good morning!!....report for this week...a bit lucky for me...i hope can maintain the way i trade....c ya next week!!

This post has been edited by normeck: Jul 5 2008, 12:44 PM


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wodenus
post Jul 5 2008, 02:29 PM

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QUOTE(normeck @ Jul 5 2008, 09:38 AM)
good morning!!....report for this week...a bit lucky for me...i hope can maintain the way i trade....c ya next week!!
*
Hopefully smile.gif

This post has been edited by wodenus: Jul 5 2008, 02:33 PM
howszat
post Jul 5 2008, 03:28 PM

Look at all my stars!!
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QUOTE(normeck @ Jul 5 2008, 09:38 AM)
good morning!!....report for this week...a bit lucky for me...i hope can maintain the way i trade....c ya next week!!
*
Can you share some tips?
low yat 82
post Jul 5 2008, 04:53 PM

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QUOTE(small-jeff @ Jul 4 2008, 11:26 PM)
my first day of trading no good last night... sad.gif lost bout 30+ pips..
*
good luck bro... jus rememb to control emotion... its d culprit of all...


Added on July 5, 2008, 4:55 pmbtw, does fxcm giv option to tradde index like japanses/us index bla bla bla ?

This post has been edited by low yat 82: Jul 5 2008, 04:55 PM
normeck
post Jul 5 2008, 09:17 PM

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QUOTE(howszat @ Jul 5 2008, 03:28 PM)
Can you share some tips?
*
its still early....let see about 1 month? okek?
mphpopular
post Jul 5 2008, 10:53 PM

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QUOTE(howszat @ Jul 5 2008, 03:28 PM)
Can you share some tips?
*
For me, tips is have ur method of trading. And you shall succeed soon if and only if you stick wif it.

QUOTE(low yat 82 @ Jul 5 2008, 04:53 PM)
good luck bro... jus rememb to control emotion... its d culprit of all...

Same from me small jeff. Wish you luck biggrin.gif


Added on July 5, 2008, 4:55 pmbtw, does fxcm giv option to tradde index like japanses/us index bla bla bla ?
*
They don't offer indexes. Only forex.
paulwealth
post Jul 5 2008, 11:47 PM

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Hi everyone;

I am new here...just got to know that here also got forex discussion..

Does anyone have good strategy that willing to share with me ?

Hope to learn more with you guys.....

Happy trading
Paul
paulwealth8@yahoo.com

This post has been edited by paulwealth: Jul 5 2008, 11:48 PM
Forex4ff
post Jul 5 2008, 11:58 PM

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QUOTE(mphpopular @ Jul 5 2008, 10:53 PM)
For me, tips is have ur method of trading. And you shall succeed soon if and only if you stick wif it.
They don't offer indexes. Only forex.
*
I am agree with MPHpopular. You must stick with your rules and method and be disciplined to follow them. If after you follow all the things, you still lose money, count it as losing trade. Just don't turn a losing trade into a bad trade because of lack of discipline.
mphpopular
post Jul 6 2008, 12:19 AM

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QUOTE(paulwealth @ Jul 5 2008, 11:47 PM)
Hi everyone;

I am new here...just got to know that here also got forex discussion..

Does anyone have good strategy that willing to share with me ?

Hope to learn more with you guys.....

Happy trading
Paul
paulwealth8@yahoo.com
*
ERm, let me think what i can help. Stil the same.

www.babypips.com
www.forexfactory.com

Some of the discussion really is worth for you to learn.

Try to pick up some methodology that suit your profile. YOu muz be asking. Where to find and where to get.
I started up my first methodology from a book. I learn the methodology that the books taught. But after i demo for a while, i abandoned it bcoz i found out it does not suit my profile and my capital.

So i used the most basic indicator Dmi MOm and CCI as my moz basic metho...
After that i read some of forum, try to consider what is suit me and what does not. I pick those suit me and try it on demo.

After time pass by, i finally get 3 that is moz suit my profile and i stick wif it. Mozly loser trade is due on discipline problem. This week not generate a well profit, i does not blame my methodology, bcoz i stick to it but i still lose small. The market for GU is not really trade able with my method this week. But overall i still gaining profit from my methodology. I will stick to it and find the bug and fixed it out. Over 4 weeks of testing my methodology real, i gain around 270 pips. It is quite ok for me currently. At least better than first 3 weeks that generate losing pips only. Curretnly still keep changing and update my method to skip from bad trade. Haha

Where to get your first methodology?
I try to guide you wif the moz easy one. Wish you can understand what we mean by methodology.
(NOte : Plz test it on demo. No real money should be traded wif this method since it still alot of problem. Mozly preferable by Longre TF like 1H and 4H. It is kind of sitting and waiting method. Turtle method i think. Haha)

First get one mt4 trading platform.
Open up any chart wif H1 or H4 TF. SEt EMA 34 on High price, Close price and Low price. You will get 3 lines on your chart.

Then setup DMI 20, CCI 20. Whenever the priced closed above the EMA 34 line, go long wif condition DMI DI + above DI -. CCI 20 above 100. and vica versa.

This is something i can guide you currently.

You shall hunt for your own method as well. Times in trading is your experience. If you need help on fundamental side, i believe billy tong is moz experience over here. Cause i really @.@ over fundamental. I only know chart. Haha.


mphpopular
post Jul 6 2008, 01:14 AM

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This is my template file and the image that provide some guide.

Here is the link for the template file. format is .tpl

http://www.4shared.com/file/53978229/30073...firmation_.html

Copy it to c:/metatrader/templates/

Plz note : this is juz a demonstration of what i mean as methodology. Don't follow it. Juz use it as a first guide for your first move.

I did not use this anymore. Since it is not suit for my profile.




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jebonen
post Jul 6 2008, 01:21 AM

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biggrin.gif ~all the best to all traders biggrin.gif notworthy.gif
mphpopular
post Jul 6 2008, 01:25 AM

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Haha, jebonen. Its been a time nvr see you over skype. Kinda busy.... The work load is over heavy now. Now still working in my house. Cant stop. Haiz.

This post has been edited by mphpopular: Jul 6 2008, 09:42 AM
small-jeff
post Jul 6 2008, 06:22 PM

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QUOTE(low yat 82 @ Jul 5 2008, 04:53 PM)
good luck bro... jus rememb to control emotion... its d culprit of all...


Added on July 5, 2008, 4:55 pmbtw, does fxcm giv option to tradde index like japanses/us index bla bla bla ?
*
FXCM dont have that...

but recently i only noticed that ODL provides that trading service, i.e. trading commodities and indices.. biggrin.gif

yeah man...controlling the emotion...

aish...tomorrow's monday, still hasnt tidy up my charts...anyone got any insights? biggrin.gif

lowyat, what you think bout next week?

anyway, one thing to note of, crude oil breached $145 per barrel, now resting at $144. Should be careful upon breaching $150...
low yat 82
post Jul 6 2008, 08:32 PM

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QUOTE(small-jeff @ Jul 6 2008, 06:22 PM)
FXCM dont have that...

but recently i only noticed that ODL provides that trading service, i.e. trading commodities and indices.. biggrin.gif

yeah man...controlling the emotion...

aish...tomorrow's monday, still hasnt tidy up my charts...anyone got any insights? biggrin.gif

lowyat, what you think bout next week?

anyway, one thing to note of, crude oil breached $145 per barrel, now resting at $144. Should be careful upon breaching $150...
*
not vry sure... these 2 days bz cleanin my stuff coz ready to move out cry.gif


anyway, i think its time for me to mvoe my money from equity to FKLI.. hmm.gif
here is wat my x-sifu gotta say.. http://bursabulltrader.blogspot.com/2008/0...uth-please.html


http://bursabulltrader.blogspot.com/2008/0...rt-preview.html

This post has been edited by low yat 82: Jul 6 2008, 08:34 PM
small-jeff
post Jul 6 2008, 08:53 PM

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hmm? the link you provided is like some stockmarket sites..

hm..KLCI Futures er...can put short position? dunno too much on these things biggrin.gif
mphpopular
post Jul 6 2008, 08:55 PM

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KLCi is Kuala Lumpur Composite Index. It does provide both long and short position, if i not mistaken...Not very pro in this. But actually i love to see our KLCI since we stay at heree.
wodenus
post Jul 6 2008, 09:04 PM

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QUOTE(small-jeff @ Jul 3 2008, 09:02 PM)
wow...such big effect...scary...

btw..i've gone live! just got my first pips.. biggrin.gif
Great.. been dying to see someone go live.. need to know which brokers are good (less slippage, no stop hunting etc.) Hope you make lots smile.gif

small-jeff
post Jul 6 2008, 09:07 PM

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if i were to trade in indices, i'll short KLCI all the way... smile.gif

it might just be easier than DJI, S&P 500, or even DAX 30 biggrin.gif


Added on July 6, 2008, 9:08 pm
QUOTE(wodenus @ Jul 6 2008, 09:04 PM)
Great.. been dying to see someone go live.. need to know which brokers are good (less slippage, no stop hunting etc.)  Hope you make lots smile.gif
*
huh? you're waiting me to go live?

This post has been edited by small-jeff: Jul 6 2008, 09:08 PM
mphpopular
post Jul 6 2008, 09:19 PM

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QUOTE(small-jeff @ Jul 6 2008, 09:07 PM)
if i were to trade in indices, i'll short KLCI all the way... smile.gif

it might just be easier than DJI, S&P 500, or even DAX 30 biggrin.gif

*
Haha. Ya i think so as well. No matter what happen, which government go take over this country, the KLCI still is dropping. Technically, i'm not sure about KLCI, cause i not realy spend a single minute to check thru the graph although i have it.

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