I used the smallest size I have. Thanks for the remind. I nvr trade more than 0.10lot or 0.20lot. and that is also the smallest I have.

Gonna trade carefully. Better safe rather than regret.

Once kelvin come back, he sure laughing bcoz there is alot alot of pipps floating for him jor. He did the correct thing today. Guess he nonid to trade for the night time jor gua...

This post has been edited by mphpopular: Oct 9 2008, 01:36 PM

i need to stop from trading for now ..

market is too harsh ..hehhee


got some losses ..but i need to get back to basic EW

Same here, got some losses, after I settle out this few trades, then I'm done for the day, gonna read read read first. Goes back to my chart pattern.

Kevler, always love your EW. Make it your proffesion.

---

Added on October 9, 2008, 1:47 pmAnd one more thing to share out :-

NVR TRY TO RECOVER YOUR LOSSES

Why? Bcoz at the time you think you wanna recover your losses, you'll making tons of tons of wrong trades which lead you to further worse situation.

How to overcome:
1) Do other thing so that you wont concentrate on your losses, such as gaming, read newspaper, radio, sing and so on.
Calm your mood down first, then only think where to trade again.
My GJ -135ve pips was bcoz of my intention to recover my first loss -40pips. That's y I lose more.
SO juz now, I go for gaming around 2 hours and calm down and trade again

2) Train yourself to treat losses as a part of your life.
Still learning.

It's vital for traders, in my own judgement la, dunno you guys.

This post has been edited by mphpopular: Oct 9 2008, 01:47 PM

its easier to say than done.............
some say dun scalp....its not good in long term...but there still people who success in scalping....

nothing is absolute

---

Added on October 9, 2008, 2:01 pmjust follow ur style...and improve it....

This post has been edited by dr2k3: Oct 9 2008, 02:01 PM

See the green TL only.

A rising wedges.


Attached thumbnail(s)

u should use broker that allow micro lot

account balance of under 10k with 0.1 lot is consider quite risky in money management

---

Added on October 9, 2008, 3:12 pmunless u have high hit rate.....or very damn confident in your trade


This post has been edited by dr2k3: Oct 9 2008, 03:12 PM

I using micro lot ah. Every pips movement for 0.10lot is USD 0.01.
I now gaining experience, not going to earn money from forex yet. First aim is not to lose money first. SLowly and slowly only I built up. I juz a small ppl with poor wallet, so I dont have many money to go. Juz can gain experience now and slowly save money.

ah haha....because 0.1 lot = $1 dollar is standard....not used to people say 0.1 = 1 cent or 0.01cent

Haha, its ok. Is I confuse you jor... Should put microlot 0.10. Like this will be clearer...Hehe. Now still waiting. Nothing much to trade, GJ and EJ trade juz now hit my adjusted +ve SL. SAD.... Now juz wait and wait la. See ada apa.

swt.. i'm not laughing T_T i got stopped out then only the downtrend resumed... and its an uptrend.. guess i'll need to trade for the night..

---

Added on October 9, 2008, 4:40 pmi think EJ retracing back already.. mostly uptrend today

---

Added on October 9, 2008, 5:28 pmfrom holding -50 pips on EJ to +30 pips... whew... EJ is getting riskier day by day... time to switch pair..

This post has been edited by kelvin_tan: Oct 9 2008, 05:28 PM

xxx/jpy pair is always riskier......they move too quickly and too volatile

Now EU is around 1.3776 close out the monday gap jor. Then now we should think, either you wanna try to short at the here. Or rather wish him going up and up. I really dunno, I juz closed out my EU short for 3pips only, At first, I thought It might resist there and down again, but now I'm not sure. This range is too big.

EJ GJ undecision.

Any one got any charts to give me some inspire??? Cant really found any stuff from my charts now, blank.. LOL

yea i know that.. but somehow the trend is starting to differ from the EU pair a little by little each day..

---

Added on October 9, 2008, 6:32 pm138.00 acting as SR for EJ.. grrr...

This post has been edited by kelvin_tan: Oct 9 2008, 06:32 PM

JPY wakening, But the GBP is tanking like hell. GBP JPY langsung dont want go down. GBP VERY geng tank.....

---

Added on October 9, 2008, 6:57 pmI found UT channel in EU EJ GJ. But not in GU.

How come nowadays the pair not correlated anymore ah... Scary, staying away... See only.

This post has been edited by mphpopular: Oct 9 2008, 06:57 PM

dammit i'm always exiting my trades too early

EU


Attached thumbnail(s)

GU


Attached thumbnail(s)

man i really do blame myself for exiting trades way too early.. could hav gotten 150 pips.. i exited with +33

UJ


Attached thumbnail(s)

EJ


Attached thumbnail(s)