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 Forex Trading Corver V3, How's Your Pips Lately? ^_^

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mphpopular
post Jul 30 2008, 01:34 AM

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QUOTE(wodenus @ Jul 30 2008, 01:01 AM)
Okay now explain how someone with 200:1 leverage can trade one lot with $10 smile.gif also explain why the "deposit:" area says 0.00 smile.gif
*
Ok, here I am to explain again. You're gonna make me mad.. This is actually a simple calculation.

Firstly deposit area shows 0.00, you also can do that. Saw my image posted? Mine also 0.00, Juz adjust your history from yesterday until today. You will get the same...


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mphpopular
post Jul 30 2008, 01:44 AM

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Here is your second question:

Plz note at (a), he is trading with micro account, which means his profit is USD 1000cent. CENT.....
Mean is USD 10... He has doubled his account in one trade.

From (b), he gain 100 pips, as you can see.

He is trading 1.00 micro lot which is 1000unit.

1.5729 * 1000 = USD 1572.9 <-- value that you buy
USD 1572.9 / 200 (leverage) = USD 7.8645

He is having USD 10 as his capital. SO he is able to trade without any problem or margin call


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mphpopular
post Jul 30 2008, 01:52 AM

bar chartist
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This is the third one... I gonna k*ll you wodenus... No more next time for you.... Next time you calculate yourself mad.gif

As you can see, from (A), he is trading 2.00 micro lot which is 2000unit

2000 * 1.5627 = USD 3125.4
USD 3125.4 / 200 = USD 15.627

WHereby we translate it into cents is

USD 1562.7 cents... And this is the exactly margin in the picture.

ANd from (B), the profit shown is in pips value... Not in monetary value....

@kira
I guess a few pages before we juz discussed on this.

Here some few brokers, juz google seach for it and you will get the address.

Big equity :
fxcm, gftforex, forex.com, ibfx, alpari

Small :
fxmalay, liteforex.org, instaforex.com

Plz does evaluate these broker before you go on real


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mphpopular
post Jul 30 2008, 01:57 AM

bar chartist
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This is the benefit of trailing instead of close position... Still this is the demo.

We risk 20pips of our profit (secure profit and let the 20pips as the chance), to test wheter it will breaks channel or not, if it could, then we shall gain more. Vicaversa, if cant, we lose 20pips as a part of our profit.

Still on hold it. Will set the TSL once i go on bed.


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mphpopular
post Jul 30 2008, 02:05 AM

bar chartist
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As you can see from the second trade he taken.

He win 27pips wif 2 micro lots, so his profit in money term in that trade = USD 5.40 = USD 540 cent

So total up is USD 1540 cent or USD 15.40 in a single night.
Really professional enough.

As you can see, his equity now is USD 2550.91 cents, whereby deduct USD 1000cent (capital). So his floating profit now is USD 1550.91 cent.

Wish i didn't make you blur on this
mphpopular
post Jul 30 2008, 06:48 PM

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QUOTE(billytong @ Jul 30 2008, 09:34 AM)
Now it makes sense. biggrin.gif I didnt know how to see the 1000 is actually 1000 US cent since I didnt use that broker.


Added on July 30, 2008, 10:06 amInstead of going those stupid brokers like fxMalay or any other broker that u wouldnt know ur money is safe or not or a scam.

FXCM introduce micro acc
Try fxcm micro.  400:1 leverage
Minimum lot size is only 2.5USD per position.
Minimum Acc to open is 25USD. 
http://www.fxcm.com/micro-update-center.jsp
http://www.forexmicrolot.com
*
Thanks bro, Now only i know the fxcm provide micro... OMG. It's too late..... I love the spread offer by fxcm.... They offer a logic and reasonable spread

QUOTE(cyaoping @ Jul 30 2008, 03:13 PM)
so i can buying now??
can add me in ur msn? cyaoping@yahoo.com
*
my 2cents, believe your chart bro. Fundamentals of trading is one of the important part, but your charts does make the most important roles. If you wish to become a full time trader, therre is no way to succeed by juz trading on others idea.

We are sharing idea out so that we could notice out some point whereby we have miss out. He might saw something you don't and you might saw something I dont. SO, thru here, we can realise those unrealisable point...

Juz my advice....


mphpopular
post Jul 31 2008, 12:28 AM

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ON hold wif GU long and EU long. Both not expect much cause i wanna slep already. Once it hit my TP, GU10pips, EU 17pips. Then i direct go sleep.... Waiting here.... Wont close manually or change SL and TP. Muz follow what i'm doing in demo.

See only, hand no touch plz.
mphpopular
post Jul 31 2008, 01:24 AM

bar chartist
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Do you have anger whereby you have no one can let you release your stress? Juz add me over MSN and I'm willing to let you scold until you happy.

REason why???
I juz posted that i wont touch my trade SL and TP. But I really didn't touch the SL and TP. Instead, I close my GU in -9pips which it already hit my TP now if i didn't close it out.... ( I didn't touch my SL and TP, instead, i juz close the trade, juz scold me.)
Haha, How could a trader trade without a discipline. COmpletely fail. This is one of the reason of trading demo and real.

Luckily my EU juz closed wif 18pips. So tonight total earn 9pips. A happy night to sleep..
mphpopular
post Jul 31 2008, 02:32 AM

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Actually i juz following tight to my rules whereby indicate me to close at what TP level.

My method is used to profit wif 20 - 30pips. So it is not wisely to risk my pips as i tested out so far, this will be the most gaining way i could do with my trading method and I will be more relax in this way.

TP and SL was set according to my method, so I tried not to mess them up in order to keep myself discipline enough.... (Not really discipline now also)


This post has been edited by mphpopular: Jul 31 2008, 02:37 AM
mphpopular
post Jul 31 2008, 02:59 AM

bar chartist
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method of bracket, would you mind explain to me further wif a small example? Wish can get your advice
mphpopular
post Jul 31 2008, 10:01 PM

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I'm a chartist, That's the reason i close all my position 15m before news, and wont take trades until the market goes back to normal mode....
mphpopular
post Aug 1 2008, 08:26 AM

bar chartist
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Juz woke up 5 min. And juz saw an opportunity in EU. Juz a faster gain. 17pips. Trade closed.

I thought this is Asean session, the movement wont be much. SO juz set a smaller TP compared to London SEssion. Unexpected faz to reach.

Whole trade only takes 9min..... I love it man...
mphpopular
post Aug 1 2008, 05:19 PM

bar chartist
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QUOTE(billytong @ Aug 1 2008, 09:43 AM)
as for technical chart, I am very sure all those MA, EMAs got screw up with that spike move.  tongue.gif
*
This is an absolute point wherby i saw all the indy on my charts is being screw up. This is why I didn't trade any news especially those big one. SO today is free day for me, juz sit and see what happen. That's the reason now i only open up my demo and shut down my real acc mt4 to prevent myself to take trade.

QUOTE(dr2k3 @ Aug 1 2008, 10:41 AM)
actually it doesnt matter....something work for u doesnt mean it will work for other
atleast for me it doesnt....well not suitable for my personality tongue.gif
*
Agree. After all, all method does need practise and experience with the method. I have been stick wif my method for 2 months and now only i start getting profit from it, now I can truely understand every movement of my indy and know what i should do next.

Plz do consider that mentality and discipline is differ from person which will make the profitability of same method goes into different result.


@wodenus
Trust your chart bro. I'm not sure about others, but If you wish to goes long in this road, you should have your way instead of following ppl signal.

Sharing is caring is not a word to used over here. We share our point of view, not share signal. We share our charts but not entry point. Why i always only reveal my charts when around weekend for week analysis, and those channel in 1H 4H TF.

Forum is a way to express what we think in major trend but not minor trend. From here, we can notice up some main point whereby we have leak out during our own analysis.

Why not minor trend? Bcoz each ppl having their own opinions in entry point. Each ppl have their own indicators or methodology to find their own solid entry point.

No harm bro, juz my 2cents, cause I'm a chartist whereby believe one should have their own methodology instead of following signals from others. I spending every night having conference with few ppl from UK and US who as forex trader, but we does only share our point of view of major trend, such as, this is jzu an retracement / or a continuous trend, this is a bullish or bearish, watch out there is a pivot point there?

We are reminding each other about what you didn't saw, and not reminding where is the entry point since we all having our own methodology to be followed.

Juz my opinions after all. Sorry in advance. smile.gif

As you can see from lowyat 82, he always tried to remind us there is a top and bottom, head and shoulder, a significant uptrend channel and so on... But still, entry point is based on yours. Lowyat82 plz don't angry me for using you as example.... tongue.gif

This post has been edited by mphpopular: Aug 1 2008, 05:21 PM
mphpopular
post Aug 1 2008, 10:11 PM

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QUOTE(dr2k3 @ Aug 1 2008, 09:52 PM)
we r just microorganism....not even small fish
*
LOL biggrin.gif microorganism. I still sticking to my TV to see the grand final of "you think you can dance"...

Later will be back to PC and see what is all goes on.... I much too afraid that I will take any trade if I stick to my PC. Juz wait my sky to be clear enough.... Maybe 11pm, will go in and tengok tengok...
mphpopular
post Aug 1 2008, 10:33 PM

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QUOTE(dr2k3 @ Aug 1 2008, 10:23 PM)
i assume u just started, play with micro lot only n never to trade news....unless u know what u r doing
never put pending order before big news event.....
*
You jzu spell out what I'm doing right now. Skip the news, shut off PC and relax. COme back later and digest agian the market.

Note: I'm a chartist, I'm clear I'm not a news trader, so that all, skip all major news, cause i get burned once really hard b4 in news, once is enough for me.
mphpopular
post Aug 3 2008, 11:19 AM

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This few broker offer different trading platform, try it out and see you like which

forex.com
gftforex.com
ibfx.com
mphpopular
post Aug 3 2008, 05:16 PM

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U can use the mt4 demo one. U jzu install the mt4 and click file --> open an account. Then done.....
mphpopular
post Aug 3 2008, 06:14 PM

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Weekly GJ

Guess is downtrend??? Two channel consolidates together and shall see what happen next.


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mphpopular
post Aug 3 2008, 06:17 PM

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For me, both EJ and GJ will have plenty of space to move down.... Juz for me only la....

This post has been edited by mphpopular: Aug 3 2008, 06:20 PM


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mphpopular
post Aug 3 2008, 06:22 PM

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Wait ah. I still doing the final EU and GJ.... Cause i gonna go out in half hour. So muz finish it by soon.... GJ if based on EW. I saw many point of going down. But based on the market movement, for me as a chartist, I do see alot of bull. So conflict happen in me, and that is the one of the reason i didn't trade GJ. cause sky not clear.

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