Malaysia

Quoting arinforex

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goshh nikkei +300++.. preparing for a battle upnorth..vrommmmm...kekekeke

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Quoting zess

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hello my friend, i just wanna ask a few question regading basic technique of Forex...especially to Sham..

1. what is your daily target for each trading?
MAXIMIZE PROFIT MINIMIZE LOSS... Price action Entry/Exit.

2.if i trade with my mini account, my 1pip = $1, what is the logic target for me per trading?(my SL is around 20 pips)
This is MM (money management) ... Different people with different RISK appetite. High Risk = High Return and vice versa. (If you keep on loosing... review and IMPROVISE your MM). Sometimes I use 50% Margin if I am 100% SURE about my trade. It varies... sometimes 1%.

3.how many trade that you do normally for one day?
Depends on the Market and SIGNAL I see.

4.how long did you do the analysis(technical & fundamental) before entering the market??
Monthly ... Weekly ... Daily. Always... because Market psychology can CHANGE abruptly because of the UNEXPECTED News. Expect the Unexpected.

5.how long your trade is floating before you get the profit.
Sometimes 5 mins... sometimes hours... sometimes a day or two. Sometimes... weeks (IF I stuck with HEDGING position). Let the Profit runs... if I can.

i just wanna make things more clearer...
This is my STYLE of trading... Don't simply follow blindly. Create your own STYLE... or be INNOVATIVE if you are not creative enough.

Thanks

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Quoting Malaysia

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Remember... I don't use Indi as SIGNAL... just as Confirmation. For me... SIGNAL from PRICE ACTION / CS Formation / Breakout S&R and NEWS.

If you wanna SCALP can use on lower time frame... but like most INDIs... more accurate on HIGHER TF.

U.I.A.Y.O.R >>> Use It At Your Own Risk.

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Quoting thirdeye76

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Hi guys!Top of the morning to all!

taking up some earlier advice from eneloop to explore techniques comfortable with me.

i think i gonna start trading naked & gradually add on the other stuff to have a better, concrete system that works for me best.

will be seeking advise on the charts - please be patient with me!tend to be a bit kepoh now and then.

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Quoting zess

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hello my friend, i just wanna ask a few question regading basic technique of Forex...especially to Sham..

1. what is your daily target for each trading?

2.if i trade with my mini account, my 1pip = $1, what is the logic target for me per trading?(my SL is around 20 pips)

3.how many trade that you do normally for one day?

4.how long did you do the analysis(technical & fundamental) before entering the market??

5.how long your trade is floating before you get the profit.

i just wanna make things more clearer...

Thanks

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Quoting sorsurus

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1. i think, the answer would be, minimize the loss, maximize the profit. Why take only 20 pips when you can have more than that. Which means, usually, we put SL but not the TP. it's good to ave a target but why limit your profit to a certain degree when you can have more than that. (But, you should look at the price action and any news that might turn your 50 pips tu 1 pip only)

2. have your own money management. riskrofit.

usually, 20 SL, 40 TP. but it depends on how you manage your account.

3. there is no limit on that. We enter when we see good opprtunity and we stay out when we are not sure with the market. It's based on your analysis. Remember, You don't have to enter the market everytime you see an opportunity. It's best to wait for the best one.

4. You look at higher time frame for the trend. and go down to the lower time frame to enter the trade. Different people, different analysis. You may take few minutes to look at the price action. And some of us spend all day looking at the graph. It's about the more you study the graph, the more you'll learn.

5. It depends on when did you open the trade. The perfect time? then, pips at anytime you want. bad trade, then, some of us do hedging and some of us just wait for the price to pull back to our trend.

I think, it answers a little bit.

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Quoting sorsurus

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1. i think, the answer would be, minimize the loss, maximize the profit. Why take only 20 pips when you can have more than that. Which means, usually, we put SL but not the TP. it's good to ave a target but why limit your profit to a certain degree when you can have more than that. (But, you should look at the price action and any news that might turn your 50 pips tu 1 pip only)

2. have your own money management. riskrofit.

usually, 20 SL, 40 TP. but it depends on how you manage your account.

3. there is no limit on that. We enter when we see good opprtunity and we stay out when we are not sure with the market. It's based on your analysis. Remember, You don't have to enter the market everytime you see an opportunity. It's best to wait for the best one.

4. You look at higher time frame for the trend. and go down to the lower time frame to enter the trade. Different people, different analysis. You may take few minutes to look at the price action. And some of us spend all day looking at the graph. It's about the more you study the graph, the more you'll learn.

5. It depends on when did you open the trade. The perfect time? then, pips at anytime you want. bad trade, then, some of us do hedging and some of us just wait for the price to pull back to our trend.

I think, it answers a little bit.

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Quoting sorsurus

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sham,

i didn't see your reply and suddenly, just realized that you already answered the questions.

hahahaha....but one thing i learn, now, my understanding on this forex looks the same like you. still learning but i can see that, everytime we give respond to other people, we also learn something from our own post.

the market looks a bit slow. still waiting for best price.

cheers!

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Quoting savant

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Morning Guys...

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Quoting savant

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Morning Guys...

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Quoting thirdeye76

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This is me thinking aloud!

Base on H4 chart, fib level 38.2 same same with daily pivot therefore high chance of being strong support.

No major news for geppy at the moment, so safe to assume upward trend is in current effect.

BFD at this time around 200.85, SL to 100 pips (to cater for if s**t happens - looking at previous candle spike/tails whatcamacallit); TP to 201.35

TP @ 201.35 near to R1 201.41; might see retracement then BFD again.

Risk to Reward however not so good; 2:1 , therefore if still itchy to trade, must practise tight TS or manual adjustment to breakeven level.

How nice if prediction is cun (malay slang word for "excellent", pronounced "chooon"), I will braek 10 coconuts when this happen!

HAPPY HAPPY TRADING!

begin to pop oleady!

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Quoting savant

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Forever never trade if u only feel itchy... rather u spend us a meal.
Just skip if you risk and reward is not good...always make sure its at least 1:2 instead of 2:1. MAXIMIZE profit ,MINIMIZE lost.
Prediction is still prediction, just read more n do more analysis and im sure u will be able to make tons of $$$. Good Luck

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Quoting thirdeye76

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roger that!

may pop in for a visit to your site end of the month or so, as I have tenant in vista lavender apt,puchong.

appreciate the comment - am staying aside, using demo account to test strategy, if good R&R, then go to live acc.

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