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 Forex Trading Corner V2

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mphpopular
post May 22 2008, 12:14 PM

bar chartist
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The ranging market like this is making me sick. Decided, go take a nap, hunt again in london session. Bye bye man.... Make your pips
mphpopular
post May 22 2008, 07:14 PM

bar chartist
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It goes up non stop since the news come out... tak henti henti. Should i regret not buying it? but it is my choice. not trade due to news... learn to be discipline.... the news not very goood also.... but the result super good. non stop up

Could you imagine 200pips????omg

This post has been edited by mphpopular: May 22 2008, 07:44 PM


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mphpopular
post May 22 2008, 08:38 PM

bar chartist
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It still bull ing.... I really headache see ing this. If can , i wish i can write a bigger OMG than yours
mphpopular
post May 26 2008, 05:16 PM

bar chartist
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Finaly i back from my vacation.... Today seem like is holiday.... so,,,, i decided. take a break today..

wish you all gain big big pips

Edit:Today is both UK and US holiday. seem like the price also juz not moving anywhere... Wish it will go out from this ranging market..

This post has been edited by mphpopular: May 26 2008, 06:23 PM
mphpopular
post May 26 2008, 10:55 PM

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What a cute day for me today. Goodnight. Going to sleep soon.


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mphpopular
post May 27 2008, 01:42 PM

bar chartist
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Today result... Quite satisfying... smiling now


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mphpopular
post May 27 2008, 09:39 PM

bar chartist
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Let's see what happen after this news. Hope is a trading opportunity.

edit: news coming out soon. Currently no position hold. hunting wif this big news.

edit: how is the news? the forexfactory.com seems like flood. cant go in

edit: @normeck, did you saw forexfactory change the previous and the actual for the home sales? haha. Now i caught it

This post has been edited by mphpopular: May 27 2008, 10:15 PM
mphpopular
post May 27 2008, 11:18 PM

bar chartist
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EJ 30min TF


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mphpopular
post May 29 2008, 01:38 AM

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Today only manage to do 1 trade. Not really got confident on other trade.

@lowyat
GU today is a good position for trade, but unlucky, i only have time to look on GJ and EJ.

@normeck
You add in what indicators again? I now trying to keep my chart simple, My chart looks too messy already. cant realy see the price liao

Attachment 2: I wish that is my real trade. Haha, i take the trade in demo since i not really confident on it. But seeem like the result better than my real one.....

This post has been edited by mphpopular: May 29 2008, 01:52 AM


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mphpopular
post May 29 2008, 02:24 AM

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QUOTE(coldfusionpower @ May 29 2008, 02:19 AM)
today .. i got plenty .. and suddenly all market goes trend reversal .. shit .. all got today , what i got today, all lost .. today profit  50usd pluss and then lost back all 50usd.. not including the floating ones .. those need to check back tomoro .. those are long trades .. sigh ..
*
Me yesterday loss 8.88bucks. what a nice number, today only earn 3.6 buck... still in losing ..... juz work harder, sure will gain back. play safe
mphpopular
post May 29 2008, 02:33 PM

bar chartist
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I saw EJ already dropping now. Juz now i go long wif TP set. but i forgot what is my TP, dunno whether it touch my tp first? or go down first? if go down, I wanna cry liao.......... Wish it touch my TP....... Good luck to myself
mphpopular
post May 29 2008, 11:35 PM

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today too busy around. Now only arrive my house and face my laptop... Normeck, i wish there is nothing big happen....


mphpopular
post May 30 2008, 12:10 AM

bar chartist
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@normeck
Juz don't give up. Hope is everywhere

@jenny03
avafx, you can try type it in google search whreby will lead you to some reputable forum. I saw people using it with +ve and -ve feedback as well. I think you should go evaluate by urself.

@jebonen
Curiousity only, is it the statement that you post is by EA or manual trading? Juz don't care me if it does makes you uncomfort wif it. Sorry ya.

mphpopular
post May 30 2008, 07:52 AM

bar chartist
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Market seems too dump for me to trade on. Tak jalan langsung in GJ and EJ. I thought is my streamyx disconect already. Super boring on this two pair liao... Tak jalan jalan one... I sit here until wan slept liao
mphpopular
post May 30 2008, 09:05 AM

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Bro, you going to have a death match wif forex? you are using such a big lots??? Your loss trade is the one who is making you to having margin call... I dunno how to help as well.

This is some advice i can give:
1)Remember set SL. I alway afraid the trade will touch my SL. but still, i set my maximum SL at 100.
2)Try to trade smaller unit first k? For me, mood will be very heavy if i have a negative accoount at my side
3)Try to configure your profile, find out what does the wrong thing.

Now, juz wish all the chartist here could take you out from this heavy environment.


This post has been edited by mphpopular: May 30 2008, 09:13 AM
mphpopular
post May 30 2008, 10:01 AM

bar chartist
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Erm, i go thru this thing before as well. Now, what can only we do is to make sure we don't repeat same mistake. I didn't to laugh you o anything, bcoz my trading account also in losing. Juz wish i can help you as much as i can. Tehre is some one else who are losing as well, example : me... I understand what you feel. Good trader take times and experience. Warren Buffet also bankrap before lar....
Wish you will become energetic mode again as soon as posible.
mphpopular
post May 30 2008, 11:11 AM

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Ok, i juz share what i'm doing as answering your question as well.
I will keep on stay wif one methodology (method). Mean as you can see, from my graph, i only use EMA 34, DMI , CCI and MOM as my confirmation tools, and those trendline, support and resistance.

1) Methodology
i search for one method whereby could suit my profile. After i keep on testing it, although i lose, i will keep on try, wont be changing to other methodology. The only thing i will do is, changing the setting, and add-ons.
At the most beginning, i use EMA 34 only, after that i use DMI 14 and CCI 14. But after that, it make me alot of lost trade. So in order to filter out the bad trade, I use DMI 20 and CCI 20. After that, i slowly found out MOM quite suitable for me, so i use it as well. MACD i got use, but after a while, cant suit my pattern of trading, i kik it off.
I believe you also have one kind of method like some people like to play momentum trade, only trade when there is break of resistance and support. Keep your chart simple is what does i believe. Some people can trade succesfully wif only using cross at DMI.

2) Discipline
sometime, emotion did take over my discipline as well. That when i start losing. try to control emotion, so that you wont stay far away from your methodology.

3) Stop Loss and Target Profit
Risk management i duno wat is that. people say, risk profit ration muz be 1:3 in trade. But i dunno la. I juz set my TP and SL. trade often touch our SL and then reverse, but no choice, that is my luck, i would juuz accept it, hunt for another round. Some cases, i will set my SL to maximum,100pips.
AFter trade touch my SL, i wont easily go in the market, except, my mind is clear enough, and indicators telling me OK.
Often, after one losing trade, my mind will full of anger, and i will choose to go out take abreak.

4) Play slow and steady
Play smaller lot. I saw on an ebook. "If you cannot trade 1 lots succesfully, can you trade 50 lots succesfully?"
This is the reason i still using micro lot. I wan to get the excitement of real money, but i really is a poor people. So, until the day i can manage my microaccount successfull, that is the time i will enter market wif mini account.

That's all i think. Juz wish you good luck brother. I wish this thread is to helping each other. Plz don't laugh me and scold me, bcoz i losing right now as well.
mphpopular
post May 30 2008, 03:00 PM

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I juz give people comments and advice, and in another hand, i losing money. Haiz. I need evaluate myself as well. Why yesterday no win no lose, but today losing since morning...
mphpopular
post May 30 2008, 07:34 PM

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Its alot of stress even to make 4pips. Alway feeling market will go against you.Haha
mphpopular
post May 30 2008, 09:13 PM

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I went in GJ at price around 208.26. Wish u goodluck mean wish myself goodluck as well. i TP at 208.71.

@normeck
Wao, you did it man. At least you are safe now, play safe now. Juz to let you know, i today trading in loss as well. I can giv you advice, but mana tau, i losing as well. I will always beside you.


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