My EU

UP trend over next week in EU as shown in my charts.

It is due to retracement ( ithink need one week time for this retrce), overall is bear for me.

Juz my opinion...

What you see is what you get. Juz trade wif your charts.


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http://www.xe.com/

Got it from FF.. The EW analysis, i so like it.... It looks clean and clear.. Juz have a look guys and juz note it down. This is what others are having on their mind.

The market is made up by bull and bear. We shall know what;s the reason for people in bull or whether in bear. This is a good chart analysis for me....
this let's me see some good point in GU which will make me aware off.


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So sorry to let you know that. NO wor. Haha.

Cause example for EW, Fibo, Gann is something different from indicators. Indicators as we know, it is a always lag behind of time. While EW fibo gann we can get it on our chart immediately and forecasting as well.

So, EW muz be handdrawn. As there is always differnet opinion based on ppl... Even same ppl can draw 2 different EW on the same chart.

LOL

babypips.com... go for the "school" tab... There is alot of info in there. You wont regret reading those. Stop invest by now. Juz let the account stay there. Make sure you get enough knowledge before you get in again.

As your problem stated, is it posible it is occurs because of the Stop Loss problem??? No sL was being set whereby one or two trades incurred you a big loss which could swipe away your whole account??? Make sure you put a SL. Even 200pips aways also still consdered as SL.

Edit:
Almoz everyone can trade forex. Juz the mmajor problem is the timing problem, entry is always made easy for traders. But how's the exit??? That is our major problem is whrerby exit when Loss / exit when profit.. Both lead to differnt scenario

This post has been edited by mphpopular: Jul 28 2008, 12:08 PM

This is the EW that you all mentioned in GJ???

Retrieved from FF at 28July08, author 5ysfx


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Haha. Purposely find that to make you happy...

Sorry. Triple posted...... Omg

This post has been edited by mphpopular: Jul 28 2008, 05:24 PM

1day working day from alpari.. even fxmalay also 1day working day...

There is no sure win in forex trading. Muz accept the destiny of getting in some lose. SL you shall set it. Juz set it abit looser since you found it keep crashing on your SL. As i knew, there is ppl who didn't set the SL, but for me, SL is a must for me unless i monitor the trades manually.

I admit most of the time the trades will gone into crash wif SL. I admit some of those trades did make a U turn. But i also realise that, theere is also trades whereby they make the reversal of the direction that i wanted. IF and only if i didn't set a SL for it. I shall get my hand burn. Juz on friday. I set a SL for GJ as 50pips. If i didn't set it. I might get burn now in floating of -110pips. So, that's the reason for me in setting SL.

Juz my 2cents.

Some advisable sentence that i notice:
1) Dont take the word of loss. Use the word "expenses" to overtake it. Profit overtaken by "income"
Now you will found yourself to trade more happily. It juz like a BUSINESS. We nid to incurred some expenses to generate more income.

Lowyat. Still remember the to do list or the advice list that you did on around last month? Mind to send to me to have a look again?

I currently making an efford to create a list of advice for traders and so on. Wish can get the copy since it's abit troublesome to find it over forex v2 thread....

special thanks.

I willl I will... Haha..... Do you believe actually i put a bigger value than yours? And in shorter term. Haha

Edit:
Was juz chatting wif my fren and asking him to put an eye on GU... Juz in that minute. I step into GU. And now wif +16

eU and gJ is trying to move his leg.. juz watch it

Edit:
Unwanted move occured when i was in bath. Hits my sL whreby i place it at +1...
Still 1 pips... at least better than nothing.

This post has been edited by mphpopular: Jul 28 2008, 10:32 PM

haha.... Me only manage to get RM 0.10 cent. Haha. How sad I am....

Edit:
Gonna d*mn myself for setting a tight SL??? I also not sure.... Haha... Avoid the risk but also miss out the trend... Spot the trend.. But unable to follow???

Juz let it goes... There is still be tomoro and tomoro..... SL is for safety use... Rather safe than regret.... HAIZ

This post has been edited by mphpopular: Jul 28 2008, 11:26 PM

There is two posible meaning about backtest.
1) Code it into an EA, and test it using the backtest ability of mt4
2) Manually check the chart from example 2008 January and slowly until 2008 July and check what's the result...
And also you'll discover how to avoid losses. and so on

I can give you some help if you wish to. But you muz at least know what is those stuff you don't understand. Then state it to me, I can clear the question out of your mind if I could.

Buy and Sell is the most basic in Forex. If you still cant get it. Go take a book and read thru. It will helps you.

Juz PM me if you nid further help.

Me. Y not using it? If you scare it will touch your SL. Jz set a big one. I believe some of traders trade good without SL. But that's not me


agree. Slow and steady. My demo account always in profit. But y my real account always in loss???

Juz a simple reason Y my demo always more profitable than my real account. There is nothing to talk much on it excepts of guts.

When there goes to the relation of real money terms, mind thinking have been different over the demo. I can put a trade on demo and juz went off to makan tidur goyang. But I wont do in most of my real trades.

Even juz now is the worse scenario.
Shorting Both EU and GU in my real account, and i was juz too happy of small pips and juz go step away.

While in my demo now.
EU currently in +106pip +64pip
GU in +102 pip

Real account, taken 20pips profit then already close trade, while demo i could let it runs until this. There's the reason Y my both account can go different amount while i trading using same pattern.

PS: I wrote this down is to scold scold scold myself and ask myself to wake up.... I quite frustrated when see ing the demo outperform my real account again and again....

Edit:
Guys, juz come and juz scold me a few word and make me wake up.... OMG. I nid some one who can juz scold me now.... You can personally msn me and scold me until you happpy....

This post has been edited by mphpopular: Jul 29 2008, 10:16 PM

EU juz closed one position which hit by TSL wif +76pips.

Another two trades still running on:
EU +123
GU +110

PS : This is MY DEMO DEMO DEMO ACC

REAL account : only manage to take 20pips from EU and 20pips from GU

D*mn, first time i feel i was so hurt.....

Wont posting a single word until i figure out what I'm doing wrong...

---

Added on July 29, 2008, 10:27 pmThanks bro. Yeah i now doing what you're saying. I must re-evaluating myself. If not, there is no point if I did not improve instead of juz standing at the same point.

Now gonna go take a bath. clear out all the stuff. and juz re-consider what I'm doing wrong in this trade.

This post has been edited by mphpopular: Jul 29 2008, 10:27 PM

I'm not yet finish evaluating myself but yet i posting here. GOnna kill myself for being not discipline.

Thanks lowyat82 and dr2k3, both advice is valuable, really appreciate it.

This is my demo, whereby the the 76pips for EU is closed jor... While another two is still in floating....

Both carried on in different broker cause difference of the method...

Juz look on pips instead of monetary term...


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EU the lowest part of the channel now


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Let me explain for you bro. I will explain it using my own term, it might differ to the real meaning abit,but this is how i understand on it.
Firstly, we trade forex with leverage, so if we wish to trade USD 10,000 of amount and wif leverage of (100:1), that means we nid to put a margin of USD 10,000 / 100 = USD 100. The USD 100 is the margin, whreby i named it as cagaran / mortgage to the broker whereby the broker will allow us to trade wif leverage.

Hope I'm did not do any mistake over here.

Want to share?

Samehere.


LOL

If yousaw from my chart. MY EU and GU is already at the bottom of the channel. Althought i still holding my short, but i locking up the profit tight and also trail it out, juz to prevent the posibility of the trend going down further....

But i will choose a bull now whereby if the channel does break, I'm not sure what i'm gonna do....