The opening of the CAFE is on the 1st of JANUARY 2008. InsyaAllah. Now facing a little bit of problem... tight capital. Might be looking for another business partner or investorAnyone interested?
Email me: [email protected]
- #2,882
- Edited 6:58pm Nov 28, 2007 6:07pm | Edited 6:58pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
how much time do you spend a day working the charts?
- #2,883
- Nov 28, 2007 6:09pm Nov 28, 2007 6:09pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
What is your concept?? Forex Trading Cafe??
- #2,884
- Nov 28, 2007 6:16pm Nov 28, 2007 6:16pm
YES... FX CAFE... kampung style. I am planning to teach Forex there too... and trade LIVE over there with my SHAMX FX CLUB
- #2,885
- Nov 28, 2007 6:21pm Nov 28, 2007 6:21pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Nicely bounce back at middle BB... around 50% Fibbo. I can see the SPINNING TOP CS there
On the GREEN now 
Placing SL 1 pip above entry price and TS 15 pips This is real acc aaaaa.... no more DEMO. 
- #2,886
- Nov 28, 2007 6:24pm Nov 28, 2007 6:24pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
I gues its ok, but you must make sure you have a lot of tables and chairs and of course coffee.. and also a smoking area. Most of these traders will seat there for hours with just a cup of coffee... this will occupy space
Already taken that into consideration when I did the research while doing Business Plan. The back section for traders... the front section for normal customers. - #2,887
- Nov 28, 2007 6:35pm Nov 28, 2007 6:35pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
SL just got hit... got 1 pip banked in 
Well... better than nothing. Even better than take LOSS.
Well... better than nothing. Even better than take LOSS. - #2,889
- Nov 28, 2007 6:52pm Nov 28, 2007 6:52pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
You were long?? Don't you think its kind of bearish ??
A.Y.O.R. - #2,890
- Nov 28, 2007 6:58pm Nov 28, 2007 6:58pm
I was scalping... and the 20 wma hasn't cross 30 sma on H1 chart... not even on M30 chart... the Bull still in control. That's why I prefer BFD for this moment. Breaking that 50% Fibbo... then I'll consider SFB
- #2,892
- Nov 28, 2007 7:50pm Nov 28, 2007 7:50pm
Hye bro. You're very true. I'd love to join group trade. but i got some problems actually. first, I can only trade at home. I got no laptop, so it's impossible for me to hang out with my friend and trade together. second, I'm a student and there's not much student involved with forex. i asked my friend to become a trader but they give me cool response. well, some people just don't like money eh? I can't go out (coz I ain't got laptop yaw) to join group trade. that's my main problem. haiyaa...
yes, my sifoo did taught me money management. he said "just use 10% of ur account, and start trading with at least $300". pheww... man, i really need "teman seperjuangan". i'm all alone. like the Akon song "Lonely"
malaysia, where's ur Cafe? and do u know about Minachi technique?
personally i would not encourage you to use 10% for every trade (from my understanding of what you write) of a $300 account. that is too much to lose for a small account. this applies also for big account. simple mathematics says that losing 10 times in a row you are finished. even a losing streak of 5-6 times, using 10% of your account will make you out of the game. normallly the rule of thumb is 1% or 2% but some may prefer it lower than 1%. the first thing if you want to seriously trade, is to remember that rule number one is capital preservation. The first thing i was taught when i started trading is to consciously know the "concept of preserving the capital and make it grow over the time"..it could at a very fast rate commensurate with the risk you are taking or at a more slower rate with lower risk..from there then where i developed to realise the need to know or understand everything about risk....the risk to your capital..2nd risk associate to yourself (pychology) and last one, the unstopable and uncontrolable market risk.
i know that i wasn't requested to give advice but i really hope this friendly advice could be helpful to a fellow malaysian trader. anyway, this is the least that an aging man could do... so take it as an advice from a man who is now drives his car slower..went to medical checkups more often.. seing all his long term morgage settled or almost settled.. thinking about coming soon retirement date...etc
all my best regards,
G33maroon
p/s: thread owner, since as i did not post anything related to chart analysis or whatsover... you could delete this post if you think what i have posted is not relevant or meaningful.
I am bored..
- #2,895
- Nov 28, 2007 8:03pm Nov 28, 2007 8:03pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
personally i would not encourage you to use 10% for every trade (from my understanding of what you write) of a $300 account. that is too much to lose for a small account. this applies also for big account. simple mathematics says that losing 10 times in a row you are finished. even a losing streak of 5-6 times, using 10% of your account will make you out of the game. normallly the rule of thumb is 1% or 2% but some may prefer it lower than 1%. the first thing if you want to seriously trade, is to remember that rule number one is capital preservation. The first thing i was taught when i started trading is to consciously know the "concept of preserving the capital and make it grow over the time"..it could at a very fast rate commensurate with the risk you are taking or at a more slower rate with lower risk..from there then where i developed to realise the need to know or understand everything about risk....the risk to your capital..2nd risk associate to yourself (pychology) and last one, the unstopable and uncontrolable market risk.
i know that i wasn't requested to give advice but i really hope this friendly advice could be helpful to a fellow malaysian trader. anyway, this is the least that an aging man could do... so take it as an advice from a man who is now drives his car slower..went to medical checkups more often.. seing all his long term morgage settled or almost settled.. thinking about coming soon retirement date...etc
all my best regards,
G33maroon
p/s: thread owner, since as i did not post anything related to chart analysis or whatsover... you could delete this post if you think what i have posted is not relevant or meaningful.
Much appreciated. I was wondering also... he said that his sifoo advice him on MM about the 10% thinggy only. What about other MM? Entry... Exit... TP.... SL... TS... take loss. I was surprise with the 10% thinggy as well... don't really border commenting on it since he already got a sifoo. I just don't want him to get confused. Perhaps he'll learn from mistakes. 
- #2,897
- Nov 28, 2007 8:06pm Nov 28, 2007 8:06pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Hi Malaysian...
Another newbie was born!I've just finished reading this 193 pages thread, Thanks for the info!...But I'm a little confuse with this system, its too dynamic
I just follow the market dynamics... the more dynamic the market psychology... the more dynamic my system gonna be.
- #2,898
- Nov 28, 2007 8:07pm Nov 28, 2007 8:07pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
cable went down
