Others   

Forex Junction

what i am practising for :

usdjpy only  : 20 pips per day ...100 pips per week ... 400 pips per month

allowance for failure 40 pips per week ... hence 60 pips per week ... 240pips per month

when i grow up and play the standard lot will play 4 lots and multiples of it


4lots x 240pips = 960pips x usd 9 = usd 8,640 x S$1.50 = S$ 12,000 per month

it takes just primary 3 maths to workout the multiples  ...

of course need the skills, capital and time to pull it off

just sharing the dream ...  hoping it comes true ... hahaha

 

Thanks to all u wonderful people for ur very encouraging comments ! 

01101749 : i am very happy that u have made 60K with 10K within 1.5months ! U had set an inspiration to consider ! Thanks for ur wonderful insight ! ...err ..wondering if u could share some 'hot skills' to practice .... *wink

have a great week end !

 

 

Baseer, I know u wont be affected by this post. just follow your own style and pace. important is you like the way and what you trade. 

 

0110749, i know is possible recently with the high volatility i also make the most and fastest during the last 2 months. good job and keep it up. if you can maintain this or even at 50% pace, you are well on the way to your 1st million in few months time. 

 

Others, whether 0110749 said is true or not. use his/her as example to make money in your forex trading. However remember to to work hard for your target not just dream your target.

01101749      ( Date: 28-Nov-2008 16:12) Posted: Baseer... :) hey your performance is good but comapred to my skill it's peanuts! profits up 60k in 1.5 months started up with 10k.

 

Baseer... :) hey your performance is good but comapred to my skill it's peanuts! profits up 60k in 1.5 months started up with 10k.

 

Baseer... :)

I am impressed with your performance in your practice trading... very good results so far.

I am sure with continued practice, you should be performing similarly when you switch to live $$$ trading...

But that is provided you trade the same way as you have been doing so far.

Which is to say, you should trade the same nuimber of lots and open the same size account.

Then it will be just a matter of continuing with all the winning the habits acquired so far...

 

 

cashiertan :

I really - really appreciate your  kind words

indeed i am very grateful to u for kindling my interest in Forex trading !


---------------------------

despite the 'fun element/ jovial exterior ' i portray here .. i am very serious about this demo-trade ... if fact i am 'committing' myself  and making myself  'accountable' by publicly posting my demo-trade here (even at the expence of embarrasing myself ) ... this is to keep me in check and to learn from my mistakes, however trivial it may be ... and also at the same time share my 'experience' with fellow beginners/novices/people with similar interest in forex ..

 

Also I like to say "Keep up the good hardwork!"

cashiertan      ( Date: 27-Nov-2008 22:35) Posted: just wanna say something. hope u dun mind. pointing out something from a Live trader point of view. the below trade u posted, i doubt you will do that when u are trading live. so make sure u trade demo 100% as if u will in trading live money. i know it is hard but if u cant overcome this problem, it will make ur closing from demo to live very hard or u wont benefit from in the long run. hard to say in words but u will know when u close to live account in forex.  I took abt 6 months to really get into it before my teacher allows me to go LIVE. some ppl can tune their mind faster than me. Some of my fellows student managed to get approval to go live within 1-2 months (rarely have such ppl).  next thing for a suggestion, to help in your trading, I will email you and hope you will reply me by email only.

 

just wanna say something. hope u dun mind. pointing out something from a Live trader point of view.

the below trade u posted, i doubt you will do that when u are trading live. so make sure u trade demo 100% as if u will in trading live money. i know it is hard but if u cant overcome this problem, it will make ur closing from demo to live very hard or u wont benefit from in the long run. hard to say in words but u will know when u close to live account in forex.  I took abt 6 months to really get into it before my teacher allows me to go LIVE. some ppl can tune their mind faster than me. Some of my fellows student managed to get approval to go live within 1-2 months (rarely have such ppl). 

next thing for a suggestion, to help in your trading, I will email you and hope you will reply me by email only.

 

demo-trade UJ:


today aimed for 20 pips + 40 pips .... but forgot to set ticket .. and just clicked on the ticket when hit the first 20pips ..  and got the entire order sold ... was very confident and therefore set up with 8 lots to play 4 + 4 lots .... (the 8 lots was to recover some of the losses incurred this month )

sell : 95.27 buy 95.05 : 8 x 22 = 176pips



caveat emptor .. demo-trade by novice

 

forex scalping master 21-Nov 241 total pips EURJPY 118 USDCAD 64 AUDJPY 30 EURJPY 53 USDCAD -24 ------------ 20-Nov 165 pips total USDJPY 17 EURUSD 6 EURJPY 8 USDJPY 34 USDJPY -29 EURJPY 3 EURJPY -41 EURJPY 32 EURUSD -28 EURJPY 89 EURJPY -33 USDCAD -20 GBPUSD 25 EURJPY 41 USDCAD 61

 

Not sure, therefore staying sideline n observing.

" The moral of the story is, if not sure, stay sideline n observe. " ..... AK Francis

 

about the descending triangle ... obviously the pattern did not fall through .. as it did not break the support line ..(instead it spiked up )http://stockcharts.com/school

 

entered the White Tigers' den armed with a sword(limit order) and a shield( stop order) after swot analysis

the Tigers turned back and took a swipe at the shield and broke it into two

better an injuired zookeeper than a death zookeeper

----------------------------

buy 96.67 .. triggered stop loss at 96.47 ... loss 80pips

initially thought will run up from fibo50 to resistance 96.88 before following down the decending triangle


on hind sight should have tighten the decending trendline







caveat emptor

 

going out ... will be back after 3pm ... let's see how it develops .... :  )


 

 

edit :

buy 96.67 target 96.88

real-time ... live telecast .. : ) 

caveat emptor

 

got in at  96.67 ... the usual




caveat emptor -- not an inducement -- demo-trade by novice -- for entertainment and education 

 

Does any fx sifu know which fx broker has MT4 daily charts that do not have 'Sunday Bars'?

I use IBFX which has a separate 'Sunday Bar' showing Australia/Japan early trading till 0hr GMT, when a new bar (new day)starts....

 

caveat emptor -- demo-trade by novice -- for fun and inspiration