closed 240 green pips

@kelvin_tan:
good. U got plenty of time to trade. Luxury path is in your way..
Me need to work. No time to trade forex. Maybe will aim for swing trade instead so that won't stick to monitor quite frequently.

I've checked with Oanda. THey only accept for wire transfer & paypal. Do note that if you open account with paypal then u request for withdrawal, they will use same method(paypal) to transfer back to you.
So better make decision that which methods that you prefer coz it is permanent once you open account with Oanda.

Today kena gao gao. I didn't monitor my trade at house. EJ GJ both short closed with both -250pips. Total today, -500pips. LOL

ouch mph >< ur SL so large???

@dreams_achiever
swing trader is good =) but it doesn't necessarily mean that u can't be a daytrader even though ur working.. because to me.. i dont monitor it either.. i just trade n go away... every 1 or 2 hours i just take a look at it.. if positive pips i put SL +1 .. thats about it.. i mean if u monitor it.. what can u really do? u can't control whether it goes up or down.. only thing u can do is minimize loss/maximize profit... u got SL and TP for that

how many pair of currency do all of you monitor here?

i monitor 3... 2 actually... EU and EJ... GU i will look if both EU and EJ got no entry points..

last mth , i have been monitoring too many pair and found that it too confusing.Switch here, swith there, very difficult to stay focus and pin point trade setup .i go back to focus only the major 4, and i find that i actually trade better.
currently avoid USD/CHF due to too many whip saw and shadow

what yr view on EU direction?

This post has been edited by r326196: Oct 28 2008, 06:00 PM

I see only 4. and i put the SL larger bcoz I was away for the whole day. But it;s ok, having winnning day but also losing day.

So this is to shows, I lose alot as well, dont see me get pips only, i got lose also.

Lose bcoz wrong EW count on GJ. Sadness

dont see the amount...this time i'm practicing SL....

that is a practice acc ?? .. i wanna fund acc laiw but i dun have debit card lulz .. ..

Today whoever short EJ and GJ this morning sure kena gao gao.
I was at one point -60k (fxgame) even when I short it @ 148.xx. It went through the roof at 15x.xx.

Now back @ 148.xx. Laggy connection prevent me from unloading the rest when it dip below 147.xx briefly. Seem like Yen might be easing a bit...

I short the EJ on the morning LOL. HIt my SL.


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GU 15m

I find no clue now. Kinda sad after suffering a huge loss today. Not gonna left any trades on when I was on work agian. I hate -ve especially the big one. The biggest loss I ever suffer.



This post has been edited by mphpopular: Oct 28 2008, 07:11 PM


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there might be a smal reversal only on 15 min chart, now we are see higher high and higher low, if it break 15753, there we i trade on the up side provided there a retest , with a resistence 15934.


it safer to trade upside when Eu and GU both shiting up. however i see EU is more of a side way market

This post has been edited by r326196: Oct 28 2008, 07:27 PM

closed 120 pip...

Yen easing again now...
Stucked again...

- Virtual USD 40k

Just earned +45pips from longing on EUR/JPY. Took 0.2lots for profit taking first
Remaining 0.3lots for bull run first until hit 120.30 (my TP when almost hitting upper bolinger band). Set SL +1pip as been teached by kelvin_tan.
Will see other entry to long again if it drop to last inner trend line.

This post has been edited by dreams_achiever: Oct 28 2008, 07:46 PM


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Guys, dont keep posting result. Post me some charts. Juz like our dreams achiever and normeck.

Our normeck is back to here again. Welcome.

And bro, my account today down until almoz MC already. LOL

this is the method i learn, apply the 80/20 rule

e.g if you are risking 40 pips

first 8 lot, always close at 20pips profit(include yr spread ) = 8*2 = 160 profit
last 2 lot, let your profit run. = 160 + ( yr last 2 lot profit )

even if yr last 2 lot get stop out, you still have 80 pips profit.if it goes in yr intended direction, you will profit even more.

Closed other 0.3lots at +91pips. Total = 136pips. yes!
Reason: It hit the outer TL and when i see it, it turn red bar. Better lock in profit.
Looking for another short entry when it touch upper bolinger band.