Malaysia | Page 937 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Help needed in OANDA + users from Malaysia 105 replies

Attachments: Malaysia
Exit Attachments

Malaysia

  • #18,721
  • Oct 8, 2008 2:10am Oct 8, 2008 2:10am
Quoting wakli
People tend to do crazy things when fear taking over their mind.......Risk aversion is the main theme now.....
yes,its a wise move for eurusd.....
at last i`ve found a holygrail........
  • #18,722
  • Oct 8, 2008 3:45am Oct 8, 2008 3:45am
Quoting firds
do u have any position
ur still waiting the pair
Actually I doing some scalping since this morning on GU.....Buy at the bottom and sell at the top....Two trade won already and now waiting for a new entry if possible....
  • #18,723
  • Oct 8, 2008 3:47am Oct 8, 2008 3:47am
Where is Sham? I miss his posts and analysis
Trade what you see, not what you think.
  • #18,724
  • Oct 8, 2008 12:19pm Oct 8, 2008 12:19pm
Due to the latest scenario, please be noted that alt count in magenta is already invalid. Preferably, market still in progress to complete subwave v in 5 (yellow or white) and I'm looking forward for a bullish reversal to perform corrective a, b and c once its completed. Therefore please look for any good bullish reversal signal from BSTS later. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 45 KB
  • #18,725
  • Oct 8, 2008 4:47pm Oct 8, 2008 4:47pm
Assalamualaikum to all traders in Malaysia
is anyone here that could help me with my money management?
First of all i open an account with 100usd as capital. I started from 1st September to 30th September i get 60usd for profit which make my total is 160usd.Last month trading i use 1k=0.10(10 cent).For this month i use 10k=1usd and it almost blow my account.is there anything to do with raising the capital?

Thanks
  • #18,726
  • Oct 8, 2008 4:56pm Oct 8, 2008 4:56pm
Quoting zess
Assalamualaikum to all traders in Malaysia
is anyone here that could help me with my money management?
First of all i open an account with 100usd as capital. I started from 1st September to 30th September i get 60usd for profit which make my total is 160usd.Last month trading i use 1k=0.10(10 cent).For this month i use 10k=1usd and it almost blow my account.is there anything to do with raising the capital?

Thanks
Hi Zess,
I am a novice trader too, usually I trade maximum 10% of my total account balance. Nowadays the market is in havoc, all signal that I have read and learn is invalid. It's hard to predict, so I guess it's better for you to continue your previous ratio, you still manage to catch 600 times your investment value, it's okay what (60/0.1 = 600%)... Slow slow do not be greedy..
  • #18,727
  • Oct 8, 2008 5:08pm Oct 8, 2008 5:08pm
Quoting c_he
Hi Zess,
I am a novice trader too, usually I trade maximum 10% of my total account balance. Nowadays the market is in havoc, all signal that I have read and learn is invalid. It's hard to predict, so I guess it's better for you to continue your previous ratio, you still manage to catch 600 times your investment value, it's okay what (60/0.1 = 600%)... Slow slow do not be greedy..
well, you're right. but i can't take off 'that' feeling. it's hard to resist the potential market that i see. because of small capital my order has reached margin call.TERKENA LAGI...
  • #18,728
  • Oct 8, 2008 5:20pm Oct 8, 2008 5:20pm
i'm not Malaysian but I can give you my opinion.....

you should try to use no more than 2 - 3% of your account per trade.

you should also have a plan, i don;t mean a trading plan but a MM plan.

such as:

start with 100USD in account
use 2-3% account risk per trade
if 10% of the account is lost, stop trading and figure out why
once account has reached 300USD re-look at MM plan

hope this helps.....


Quoting zess
well, you're right. but i can't take off 'that' feeling. it's hard to resist the potential market that i see. because of small capital my order has reached margin call.TERKENA LAGI...
  • #18,729
  • Oct 8, 2008 5:26pm Oct 8, 2008 5:26pm
Quoting RRothschild
i'm not Malaysian but I can give you my opinion.....

you should try to use no more than 2 - 3% of your account per trade.

you should also have a plan, i don;t mean a trading plan but a MM plan.

such as:

start with 100USD in account
use 2-3% account risk per trade
if 10% of the account is lost, stop trading and figure out why
once account has reached 300USD re-look at MM plan

hope this helps.....
I see, thanks for your opinion, it help me a lot. But for MM plan, i don't know how. Could you explain in detail or provide me with site that can help me out.
Thanks
  • #18,730
  • Edited 5:48pm Oct 8, 2008 5:38pm | Edited 5:48pm
your plan can be as simple as what I included in the post

MM Plan -
- start with 100USD in account
- use 2-3% account risk per trade
- if 10% of the account is lost, stop trading and figure out why
- once account has reached 300USD re-look at MM plan

if you want to go more complicated you can use the Kelly criterion, but at this point in your trading career I wouldn't recommend it because you will need data on your trading system that you may not have yet.
(more nfo http://www.investopedia.com/articles.../04/091504.asp and http://www.investopedia.com/articles...XMoneyMgmt.asp)

Beyond MM you should be demo trading your trading system and apply the MM plan to that account as well to make it as realistic as possible without using real money.

Quoting zess
I see, thanks for your opinion, it help me a lot. But for MM plan, i don't know how. Could you explain in detail or provide me with site that can help me out.


Thanks
  • #18,731
  • Oct 8, 2008 5:46pm Oct 8, 2008 5:46pm
Quoting zess
I see, thanks for your opinion, it help me a lot. But for MM plan, i don't know how. Could you explain in detail or provide me with site that can help me out.
Thanks
Exp: 10k usd capital
risk 2%

it means everytime you want to enter, you must calculate the sl first. If the sl 100 pips then you can open 2 mini lots = 200usd = 2% risk. Hope you can understand it.
{Promotion Removed}
  • #18,732
  • Oct 8, 2008 8:06pm Oct 8, 2008 8:06pm
hye to all. it take a long jurney to get back from relaxing time .....
  • #18,733
  • Oct 8, 2008 9:17pm Oct 8, 2008 9:17pm
Morning guys!!!Managed to catch GU north on the bounce...But didn't expect to be up there for long....Bear is still strong I believe.....For the money management topic,I think this topic was discussed for so many times in this thread and the answer is always be the same.....Anyway good luck to all....
  • #18,734
  • Oct 8, 2008 10:02pm Oct 8, 2008 10:02pm
hi guys morning !

after been trading for awhile i think i should open up a journal to keep my records and also to improve on my trading skills. do visit my journal here, u guys are most welcome to give comments on it.

happy trading ! cheers !

xeNOS live FX journal
  • #18,735
  • Oct 8, 2008 10:15pm Oct 8, 2008 10:15pm
At this moment, please analyse the latest possible alt counts and favourably, I'm looking for bullish reversal to perform corrective a, b and c once wave 5 (magenta, yellow or white) is completed. Please watch closely the critical lines and trendlines for any true breakout. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 44 KB
  • #18,736
  • Oct 8, 2008 11:28pm Oct 8, 2008 11:28pm
Hi, this is my journal. It's for GBPJPY only. Good luck.
  • #18,737
  • Oct 9, 2008 7:20pm Oct 9, 2008 7:20pm
Quoting longway2go
wow really very no malaysian trading now ar....

the sudden change of trend had caught many people off guard ?

wonder if the days of active malaysia tread are numbered..
peace bro...


we re in holiday mood...if western with Christmas, we re with Hari Raya(biggest celebration in Malaysia)
when all back to work....then this thread become merrier again...

lets rock bebeh...maybe we re waiting good timing to pull a trigger. bang boom bang....
  • #18,738
  • Oct 9, 2008 7:53pm Oct 9, 2008 7:53pm
Hi @ll,

How's trading lately.... I'm kinda busy. I'm longing GJ at 166.50.... this morning... supposingly a good buy ....
Banker please return my pipins.
  • #18,739
  • Oct 9, 2008 8:25pm Oct 9, 2008 8:25pm
Hmm

So far so good and still holding.... 169.44-166.50 = 290greens.... hehe
Banker please return my pipins.
  • #18,740
  • Oct 9, 2008 9:03pm Oct 9, 2008 9:03pm
Quoting Babyboy
Hmm

So far so good and still holding.... 169.44-166.50 = 290greens.... hehe

Hi bro!!!!Good trade already ....Good luck to all....
48 traders viewing now