Saturday, December 25, 2010
Saturday, November 20, 2010
Tuesday, November 16, 2010
Sunday, November 14, 2010
Hi all,
Friday, October 29, 2010
Tuesday, September 21, 2010
Hi all,
Sunday, September 19, 2010
Hi everybody,
Thursday, September 16, 2010
Thursday, September 2, 2010
Monday, August 23, 2010
Hi everybody,
lets see, how many opportunity comes to us last week.
It's up to us to catch it (or miss it - due to our commitments to other things)
Happy trading to all....
Sunday, August 15, 2010
lets recap / study back last week price action....
Lets see how many signal we can capture from this single price action.
(HARAMI)
Instead waiting at daily time frame (as what i'm doing right now), we can wait & take the opportunity at 4hr time frame.
What you need to know are:
1. Where is the SnR
2. How to take advantage on Price Action & know where is your entry/exit point....
3. Know your own target of pips / RM.
Till then, Happy trading to everybody....
Tuesday, August 10, 2010
Monday, August 2, 2010
Sunday, August 1, 2010
Well said, well written - but in reality, trust me..hard to apply;but not impossible. Discipline needed. Enjoy your reading
This is all about making a fortune with Forex. Most traders just go with the flow and make average gains, with this article you will learn what makes some traders stand out and a lot richer than others!
We are going to assume that you know how to trade, and has quite an experience in trading.With simple changes in your trade selection, money and risk management, and mindset, you can change that average gains into larger ones!
Fast money is in Forex, it is a lifestyle. here is it how its done.
Tip 1.
Embrace Changeability and Risk With a Smile Forex systems have instability.
If you cannot manage and calculate your risk, then don't ever think about trading in Forex. Many traders back away from forex because of this ( why do you even traded in the first place?). But taking manageable risks has its rewards.
It's just simple, you know what your losing if ever it doesn't work out, yet what you gain is unpredictable but sure is high! That is what I call excitement, my friend.To a well-educated Forex trader, this is something you shouldn't be afraid of, might as well embrace it.
Tip 2. Trade Less, gain more
Most traders think that if they don't trade, another door has closed, or miss some move. The tendency, they trade frequently. Most of the trades that come big come a few times in a year. Focus on the trades that make the really big gains. Be alert, and informed.
Tip 3. Diversify is a no-no
Most Investors accept the fact that diversification can make money fast - in reality it does exactly the opposite.
Tip 4. Money and Risk Management
This article has been concentrating on the Big gains, because this is your money, so every penny should be controlled, this is where money management kicks in.Control your risks, but increase your chances of success:
- Give yourself staying power by buying options at or in the money, this prevents you from getting stopped out. Many traders lose not by the market direction, but because they were stopped out by a instable move, and options will give you staying power.
- Keep your stop in its original position - until the move is well in profit, before moving it up.
- Trading fast and selectively - have the courage to trade when you feel it is good. and enjoy the cash.
Tip 5. Compound growth has its benefits
The way to make money fast in forex, is to understand the power of compound growth. For example, if you target 50% a year in your trading, you can grow an initial $20,000 account, to over a million dollars, in under 10 years.
Break the norm, and gain more. Follow some of these tips and make your way into the big gains!
Wednesday, July 21, 2010
" Before we go into 7 rules of Forex Trading, that have been approved by a number of full time and successful traders, I'd like to narrate this story.
There was a lion, a donkey and a fox all keen to go out rabbit hunting together. After a productive day of hunting, the three of them sit around the pile of rabbits and the lion asks the Donkey, "Mr Donkey, would you please divide the pile into equal shares for the 3 of us?". The Donkey obliges and counts the rabbits into three equal piles for each of them. The Lion immediately roared and pounced him. He then piled all the rabbits on top of the donkey and asked the Fox "Mr Fox, would you please divide the rabbits up evenly between us?". The Fox takes out 1 scrawny rabbit from the pile and puts it in a pile for himself then say "There you go, Mr Lion, that's your pile" pointing to the large pile of rabbits. The lion says "Mr Fox, where did you learn to divide so equally?" and the fox says "The Donkey taught me."
The moral of the story is to learn from others' mistakes. Now we proceed to our 7 rules. These are for you benefit as mentioned earlier, from experienced, successful traders.
Rule #1 Never risk any more than you can afford to lose, you will lose money, all traders do, make sure you're not sacrificing anything else important in the process
Rule #2 Never risk any more than 2% of your margin trading account on a simple trade. For mini account holders, 2% of $300 would be $6 so realistically you would need around $15 so you can make this 5%. As soon as your account size is big enough, make this 2%.
Rule #3 Always use a stop loss order. If you haven't figured out where your stop loss order and limit order should be at the start of your trade then you shouldn't be trading.
Rule #4 Know your exit point before you enter a trade.
Rule #5 Demo Trade First: Become successful with paper trading when there's nothing on the line before you open a real account.
Rule #6 Take a breather when your equity has taken a dive.
Rule #7 Don't let your emotions call the shots: Stay cool, calm and collected. Patience and a clear head will win the game."
Taken from www.fxextract.com.
Enjoy your reading.
Monday, July 19, 2010
Tuesday, July 13, 2010
please apologize me...
I didn't put any update here lately. The truth is, i also didn't trade much during this period of time.
I'll try my best to give some time to write down here the signal and the strategy as well my comment on current market condition.
Hope you don't mind.
till then, Happy Trading.
P/S - if the market looks like this until tomorrow, we may see BEARISH this week, which translate to SELL GU GY EY....
Wednesday, June 16, 2010
try find bull candle before trigger into the trade.
trade on your own risk.
salam
Sunday, June 13, 2010
GU - Engulfing candle appeared last friday.
GY & GU - close just nice at Weekly pivot.
Gold - Resistance @ 1250.xx
will see what happen next week.
My analysis - Gold going down - maybe down to 1200.xx or more.
TAYOR
Thursday, June 3, 2010
Thursday, May 20, 2010
2 pin bar in 3 days span,
Tuesday, May 18, 2010
Monday, May 10, 2010
look into your daily chart..you will see
HARAMI = Inside Bar in GY and EY
take the trade on breakout of either side...(I guess the force will be on south side/selling side) when looking at current world market situation.
Gold hitting all time high. Maybe it will continue looking new high. If you want to find Sell area on high side, use Sell Stop.Dont get in immediately. Let the market come to you.
Trade on your own risk.
Kalau dah kaya, sila tolong orang miskin.
Salam.
Wednesday, April 28, 2010
Monday, April 19, 2010
Tuesday, April 6, 2010
Monday, April 5, 2010
Some updates on trading strategy.
Today we will talk about scalping! :>
Although I'm not a scalper, but this trading idea has caught my attention and to look further into it.
It is called Forex King Scalper - You can find the discussion here (sorry, it is in Bahasa Malaysia) - for those who didnt understand it, you can always translate it via Google.
Happy trading to all.
Thursday, April 1, 2010
Saturday, March 6, 2010
Tuesday, March 2, 2010
Tuesday, February 23, 2010
Thursday, February 18, 2010
The Habits and Daily Routine of a Successful Price Action Forex Trader
Trading success is a result of discipline, and having a set daily routine is one aspect of being a disciplined forex trader. It is so easy to fall off track and start making emotional mistakes as a trader that you really need to consciously stop this from happening by having a daily routine that you go through every day. A daily routine will add a degree of order and stability to your trading, which is very important to your mindset and thus to your long-term profitability. If you do not currently have a set daily routine for your trading activities than you need to start developing one, trading absolutely cannot be a haphazard endeavor. The more objective you can make every aspect of your interaction with the market, the less likely you will be to commit emotional trading mistakes.
• Limit screen time to a certain period of time and time of day
The first task in the daily routine of a price action trader is to know what times during the day you will be analyzing the market. You will obviously need to work around other responsibilities such as your current job and your family duties. If you find that the only time you have for checking the market is an hour before you go to bed, than you must work with that time period. The most ideal times to analyze the market are around 4-5pm EST, which is the New York closing, and then around 1-2am EST, which is just prior to the European opening. Now if you can’t stay up until 1 or 2am EST, that’s ok, just make sure you analyze the market at the same time each day.
Once you have decided on the time period you have available for market analysis you then will need to decide on how much time you want to devote to scanning for price action trade setups and(or) for monitoring any previous open positions you may have. Limiting your screen time to a specific time allotment is very important to your mindset and hence trading success. Trading off the daily charts is the most stress free and yet profitable time frame to trade off of. Once you become skilled in price action analysis you can scan each currency pair that you trade during your given time period each day. If there is no setup than you move on to the next pair, if you find no setups in any pairs than you are done for the day! Any further analysis beyond this will only hurt your chances at succeeding long term as a forex trader. You will start to over analyze the market and dig up reasons to enter a trade; I promise you this will cause you to lose money over time.
• Follow a Price Action Trading Plan
If you are a price action trader you know what setups you are looking for each day in the market. Since this is the case you should have a written out and clearly defined trading plan of what you are looking for each day during your given time period and allotted time amount. If you do not have a clearly defined and tangible trading plan than you need to get working on this right away. Keeping your trading plan “in your head” doesn’t cut it either, you need to read it, every day. A clearing defined trading plan should include entry parameters, exit parameters, risk management strategy as well as long term goals; these are factors your forex trading plan needs to include at a minimum.
Following an objective trading plan will give you precise setups to look for each day, it will help you focus harder and give you a guide to follow each day while analyzing the market. Market analysis needs to be structured; most traders have no structure to their daily routine which is a result of not having a trading plan. How can you become a structured and thus disciplined trader if you don’t even have a plan for what you are doing? Would a builder build a house without blueprints? No, of course not, it would fall apart, very fast. Yet, almost every person that attempts to become a forex trader approaches the market with no forex trading plan and sense of why one is necessary. Operating in a structured manner in the uncontrollable forex market is simply a necessity to you making money in forex on a regular basis. Luck will only reward you for so long before it punishes you, there is no room for luck in the consistently profitable trader’s vocabulary, simply put; professional traders do not need luck because they have a clearly defined trading plan.
• Keep a trading journal
Keeping a daily trading journal is important for a number of reasons, but not for the reasons you might be expecting. Many trading books and other educational sources will mention trading journals briefly and say that you should write down the parameters of each trade you take so that you can analyze what you did right and what you did wrong. While there is some value in recording this information I feel that it misses the point. Trading success is almost entirely dependent on how well you manage your emotions. The real value that a daily trading journal can provide to you is feedback on how you are feeling each day about your trading activity as well as feedback on your day to day emotional state.
It is very important to right down how you feel before entering a trade and after wards. Write down if you won or lost on the trade and then write down how you are currently feeling. This will do two things; it will give you a task to do right after closing out a trade which will give you time to calm down from a big win or a loss so as to help keep you from jumping back into the market. Also, it will begin to paint a picture of how emotion is tied to trading success. If you are honest in this trading journal about how you are truly feeling before and after a trade you will begin to see solid evidence that the degree to which you are emotional in the market is the degree to which you lose money; there is an inverse relationship between emotion and money in trading forex.
The other helpful feature of keeping a daily trading journal is that you can write down (or type) your daily forex market summary. This will allow you to keep a running tab on market conditions, economic data releases and will generally just make you more aware of what is happening in the market. It is helpful to stay connected to forex price movement each day and to have it take on some context in the broader market picture. If you are going to be away from the market for a few weeks don’t just come back and jump right into a trade. Give yourself a week or so to record daily market summaries so that you can get a feel for the current ebb and flow of price movement, it’s important to stay in tune with the forex market.
• Cleanse your mind and body rather than put extra time into market analysis
As briefly stated earlier, too much time spent analyzing the forex market beyond what you have previously allotted for yourself will usually work against you. A previous article I wrote called “Set and Forget Trading” explains this concept in greater detail. If you find yourself with extra time and you start looking at charts or analyzing economic data outside of your allotted time slot than it’s time for a hobby. Starting working out regularly, any regular exercise will help you focus better on all of your daily life tasks; it will make you feel better both mentally and physically. Time spent exercising is much better than spending extra time analyzing the market; you can control your body and your mind but not the market. If you still have extra time after exercising than read a book that expands your horizons on some topic, it doesn’t have to be trading related, it can be anything, reading exercises your brain and keeps your cognitive wheels greased. Remember that your daily routine is paramount to long term success in the market, don’t underestimate it . Forex Trading is a business and should be treated as such, any successful business operates under strict routine, you should be no different as a forex trader.
Wednesday, February 17, 2010
Monday, February 8, 2010
Tuesday, February 2, 2010
p/s - if u realise, the post of signal suddenly jumping from No.2 to No.4. The No.3 is posted on chat box. hehe. That is done when i dont have time to write down on this blog.
Thanks for supporting this blog
GY, EY.
It is either we re buying when people close their Sell position or we re joining the BUY from big fish. Domino theory.
Happy trading to all.
TAYOR
Wednesday, January 27, 2010
Please apologize me if i'm not posting anything this week. I m very busy with office work, family hour & some study.
Further, since the daily trading is about waiting, i think all of you had managed to catch the move to south earlier.
We may see the move North....maybe in 2-3 days time. Hope you can detect it yourself.
Till then, happy trading to all. May the best be with you.
Salam
Thursday, January 21, 2010
GU.
TAYOR
Result update:
GU - hit TSL +80pips
Gold - +1420 pips
On IA matters, demoing day in day out......result up to now....8win, 2 loss.
But i think 28 pair is too much. Hard to make it +ve compared to 14 pair... will try some more until i satisfied and back test the strategy until at least 2 years back.
On martingle stop n reverse, it works well. I called it POYOS (profit on your own system)
hope my signal helps you. See you next week
Tuesday, January 19, 2010
Sharing session (learning basket trading system- as per in the forum thread)
Date: 21/1/2010
Time : 9pm-12pm
Venue: Ani Sup Utara, Damansara Damai.
Please bring your own laptop & broadband. We may meet at Ani and then move to McD for free internet.
We share what we know that night (on Basket trading). I also in the midst of understanding the concept behind it.
it's playing time.....
Harami is coming.
Tighten your seatbelt...and take position with no fear. Buy on break upwards, Sell once break downwards.
Take profit at least 1:1 to your SL.
Happy trading.
Insya Allah.
Monday, January 18, 2010
1st - Please apologize me. Internet is quite bad this month. Always down at morning time. I even cannot trade & cannot update the signal.
for today, it should be Sell Signal for GY.
I'm not confident to take on GU since the candlestick and trigger indi is not in line.
EY - it's already moves.
Gold.....hehe...just result here.
Friday, January 15, 2010
it say bearish condition.
Looking into 3 anchor....it say, maybe it will go south.....
let see what happen.
Trying on demo....
Selling all 28 pair.
So far.....no loss in 7 day trial.
p/s- cikgu Mizie is using buying or selling 14 pair. I should try that one also.
Tuesday, January 12, 2010
GY
TAYOR
update 13/1/2010
Sell GY hit TSL = +60 pips
Gold = + 1100 pips (Sell position)
p/s - Gold signal will not be provided here. Just result.
Monday, January 11, 2010
We are waiting for confirmation
I dont want to take any position now due to big gap. Will wait.
Result last Friday : Gold = +1400 pips
Thursday, January 7, 2010
i dont know where will it bring me....
just demo'ing it and try to find the correlation between my trading style and this.
maybe we can have trading more frequent with much precise direction.
MAYBE
If you want to learn it....you can get it HERE
the thread and forum is in Bahasa Malaysia. For those who cant understand it, you can use google translator (big help then from Google)