In the normal world of salaried employees we get paid irrespective of whether we are having a good day or bad one. In fact for may of us we can even play hookie, or call in sick and do no work at all and still get paid. At worst if we are commission based employees like salespeople, we simply do not get any cash if we perform poorly on any given day. Mr. Market however is a much more insidious boss. Not only does he not pay you on any day that you do not work, but he actually goes into you bank account and pulls out money that you already posses, the moment you make a mistake.
Monday, July 11, 2011
Thought of the day!
For most of us our greatest desire as traders is to achieve steady, positive returns that compound on a daily basis. But trading is not and will never be a job with the predictability of a bi-weekly paycheck because Mr. Market is unlike any boss you will ever have.
Tuesday, March 29, 2011
Fakta Dalam Urusniaga Forex
1% daripada Forex traders telah mencapai tahap jutawan (biasanya IB lerr...)
4% berjaya menjadikan forex sebagai sumber pendapatan yang selesa...
5% hasil yang diperolehi masih sama iaitu ada masanya untung dan ada masanya rugi samada dari bulan ke bulan malahan dari tahun ke tahun sekejap untung pastu rugi semula....masih tercari-cari sistem dan teknik terbaik.... (errkkk...cam biasa jer)
36% mengambil keputusan untuk TIDAK akan trade lagi buat selama-lamanya....frust menonggeng!
54% pula kehilangan duit di dalam akaun trade (duit gaji...bonus...pinjam along...etc)
Hakikatnya, tidak kira betapa bagusnya satu-satu sistem itu kekadang kita masih juga alamai kerugian. Kata orang sebenarnya tahap mental dan sikap kita yang menentukan kemenagan atau kekalahan! Apa pula kata anda?
Biasanya bila kita kalah atau rugi disebabkan kesilapan sendiri, instead of terima kesilapan dan kerugian itu kebanyakan kita lebih cenderung untuk menyalahkan orang lain.
p/s: dulu dlm group 54%...skrg mcm di group 5%...bila lak nak join group 4%...huhuhu
4% berjaya menjadikan forex sebagai sumber pendapatan yang selesa...
5% hasil yang diperolehi masih sama iaitu ada masanya untung dan ada masanya rugi samada dari bulan ke bulan malahan dari tahun ke tahun sekejap untung pastu rugi semula....masih tercari-cari sistem dan teknik terbaik.... (errkkk...cam biasa jer)
36% mengambil keputusan untuk TIDAK akan trade lagi buat selama-lamanya....frust menonggeng!
54% pula kehilangan duit di dalam akaun trade (duit gaji...bonus...pinjam along...etc)
Hakikatnya, tidak kira betapa bagusnya satu-satu sistem itu kekadang kita masih juga alamai kerugian. Kata orang sebenarnya tahap mental dan sikap kita yang menentukan kemenagan atau kekalahan! Apa pula kata anda?
Biasanya bila kita kalah atau rugi disebabkan kesilapan sendiri, instead of terima kesilapan dan kerugian itu kebanyakan kita lebih cenderung untuk menyalahkan orang lain.
p/s: dulu dlm group 54%...skrg mcm di group 5%...bila lak nak join group 4%...huhuhu
Saturday, January 22, 2011
Amacam trade? Ok?
Salam
Bagaimana kita tahu samada cara dan teknik trade yang kita praktiskan semakin baik dan menunjukkan kemajuan atau sebenarnya tiada langsung kemajuan sebaliknya semakin merosot. Pada pendapat saya ...dan hanya saya seorang...
Kemajuan mungkin dapat dinilai apabila;
1. Dulu deposit SELALU, tapi sekarang deposit juga cuma KADANG-KADANG
2. Dulu kena stop out SELALU, tapi sekarang JARANG-JARANG atau tak lagi.
3. Dulu close -ve post memang BANYAK, sekarang masih -ve tapi semakin KURANG
4. Dulu trade 10 post RUGI 8 post, sekarang 10 post masih RUGI cuma dalam 4 post.
5. Dulu tak pernah UNTUNG, sekarang tak pernah RUGI walau untung tak banyak.
Secara tak langsung pendapat ini mungkin dapat menjawab beberapa persoalan yang selalu saya terima berkaitan perkembangan trade saya. Pada pendapat saya, belajar cara trade yang betul dulu, untung akan datang dengan sendirinya dan bukan SEBALIKNYA. Tak untung tak apa tapi jangan sampai rugi.....betul?
" I'm newbie and will never stop learning"
Bagaimana kita tahu samada cara dan teknik trade yang kita praktiskan semakin baik dan menunjukkan kemajuan atau sebenarnya tiada langsung kemajuan sebaliknya semakin merosot. Pada pendapat saya ...dan hanya saya seorang...
Kemajuan mungkin dapat dinilai apabila;
1. Dulu deposit SELALU, tapi sekarang deposit juga cuma KADANG-KADANG
2. Dulu kena stop out SELALU, tapi sekarang JARANG-JARANG atau tak lagi.
3. Dulu close -ve post memang BANYAK, sekarang masih -ve tapi semakin KURANG
4. Dulu trade 10 post RUGI 8 post, sekarang 10 post masih RUGI cuma dalam 4 post.
5. Dulu tak pernah UNTUNG, sekarang tak pernah RUGI walau untung tak banyak.
Secara tak langsung pendapat ini mungkin dapat menjawab beberapa persoalan yang selalu saya terima berkaitan perkembangan trade saya. Pada pendapat saya, belajar cara trade yang betul dulu, untung akan datang dengan sendirinya dan bukan SEBALIKNYA. Tak untung tak apa tapi jangan sampai rugi.....betul?
" I'm newbie and will never stop learning"
How Do You Succeed In This Business?
Salam ...
Saya terbaca dalam artikel BKForex mengeai persoalan yang biasa kita dengar iaitu bagaimana untuk belajar cara trade yang terbaik....bagaimana?
**Petikan dari artikel BKForex
He was like so many eager traders I've seen before. A well groomed, earnest young man who looked at me expectantly as crowds of people swirled around us at the annual Dubai forex trade show."Tell me," he said, "how do you succeed in this business?"
Normally I would have launched into my stock answer about learning the key economic calendar events of G10, the importance of following the latest news and the need to practice on demo account. Blah. Blah. Blah.
However, something about the guy touched me and I replied with complete honesty.
"Want to really know how to trade?" I asked rhetorically.
"There is only one way. You open an account and just trade."
"But what about education, what about training?" he asked surprised at the bluntness of my answer.
I smiled and shook my head."If you were studying to be a lawyer, a doctor or an engineer, that would be the way to go. But trading is different. In trading you need to do first and learn later. Until you've done one thousand trades you can't even begin to understand this game"
Trading is indeed different. It requires practice first and education second. That may seem counterintuitive but it is not. Trading at its core is the discipline of learning to minimize your mistakes. \Trading is such an unpredictable endeavor that it can never be taught in formulaic way like engineering. In trading professional perfection is impossible even if you know all the proper rules.
To master trading you need to experience the frustration of selling when you meant to buy, the utter shock of an instant three hundred point price move against you, the annoyance of seeing the spreads widen just as you are about to reach your profit target and a million other little disasters that they never tell you about in trading school.
Most importantly you need to learn about yourself. What mistakes will you make when you trade? Will you trade without a stop? Will you add to a losing position? Will you trade in revenge for an unexpected loss? Will you rush your entry? Will you exit too soon? Will you do all of this and more?
Only after you've traded blindly for a while can you begin to understand what it takes to succeed in this business. And only then will you become receptive to a proper trading education. Trading is first and foremost an exercise in psychology and although many gurus will promise to provide you an ironclad mindset, the truth of the matter is that this skill can't be taught. Confidence comes from competence and competence comes from endless rounds of practice and thousands of mistakes.
So if you really want to learn how to trade just trade. And keep trading and trading and trading and just like a baby who stumbles hundreds of times before he finally finds his balance and learns to walk, you will eventually begin to master the market.
**kita hanya dapat mengenali potensi dan kelemahan diri sendiri hanya apabila trade menggunakan account 'real'...tak percaya?
Thursday, January 13, 2011
Team Kuda Central
Salam…
Tread kali ini adalah tribute utk TKC iaitu Team Kuda Central.
Untuk pengetahuan semua, saya adalah pengguna tegar system "xXxtreme" yang diperkenalkan oleh "Secret Success Management" atau dikenali juga dengan nama Team Kuda. Mr Jazz adalah cikgu/wakil bagi kawasan tengah berpusat di Bandar Equine Park.
Oppss!! Jangan salah faham, saya bukan nak promosi atau menjual system sebab saya bukannya ada http://www.share.perjanjian.komisen.gaji.elaun @teamkudacentral.com pun tetapi lebih kepada berkongsi pengalaman . Kalau dah sesuatu tu bagus, kita kena ler kata bagus dan begitu juga sebaliknya. Memang kat luar tu banyak orang yang jual System, EA, Indicator dan sebagainya dan tak terkecuali juga dengan Team Kuda yang turut menjual system ini. Sesiapa yang sudah lama dalam bidang forex ni pasti setuju yang tak ada mana2 Sistem, Ea atau Indicator pun dalam dunia ni yang 100% tepat. Oleh itu menjadi kesilapan dan kesalahan besar diri sendiri jika kita menyerahkan sepenuhnya tanggungjawab MEMOREX kepada system atau EA yang dibeli sebaliknya kita perlu membuat keputusan sendiri apabila hendak membuka position.
Balik kepada sistem yang dikenali sebagai xXtreme, ianya perlu dijalankan secara manual dan bukannya secara auto, maknanya kita kena duduk depan computer dan execute system dengan penuh rasa tanggungjawab. Maknanya untung atau rugi adalah tanggung jawab kita sendiri dan bukannya system atau orang lain. Sebab itulah orang dulu-dula kata, belajar kena ada CIKGU. Tak faham BERTANYA. Rajin buat LATIHAN. Belajar dari KESILAPAN. Dalam ertikata lain, jangan asyik MENUNDING jari, jangan sibuk cari KESALAHAN orang, jangan BODOH SOMBONG dan jangan SYOK SENDIRI……tu jer.
Kelebihannya system ini dapat menunjukkan bila masa sesuai untuk buka post dan bila masanya kita perlu duduk diam. Satu yang saya suka system ini adalah ianya mengajar kita mendisiplinkan diri sebab kita hanya trade bila ada signal sahaja, kalau tak ada signal tu duduk jer diam-diam dan jangan buat apa-apa walaupun dalam hati meronta-ronta nak buka position dan tangan tu rasa gatal-gatal jer nak tekan keyboard.
Kesimpulannya, bila ada sahaja signal kita memang boleh hasilkan paling kurang 50pip dan paling tinggi saya pernah capai ialah 100pip (orang lain yang dah master mungkin lebih) dalam masa yang singkat. Itulah salah satu dari kelebihan "xXxtreme".
Lampiran dibawah adalah contoh bagaimana 100USD++ dihasilkan dalam masa 1 ½ jam dengan syarat kita buka position bila ada SIGNAL sahaja yer….jika langgar pantang, tanggung sendiri.
Lampiran 1.0
p/s: TKC atau Team Kuda Central yang diterajui oleh Mr Jazz pada pandangan saya adalah yang terbaik yang pernah saya temui. Sebagai cikgu, Mr Jazz sentiasa berkongsi pengalaman dan penemuan beliau dan trade dilakukan secara live setiap hari JUmaat di Mc D Equine Park…..secara LIVE!!!
Saturday, January 8, 2011
Top 10 Myths about Forex
Forex is a market where exchange of one currency with another currency takes place. It's the market which provides accessibility and liquidity to the traders to buy and sell one foreign currency in exchange of another.
Forex traders seek profit in buying currencies low and selling them high. This kind of trading became more popular with the widespread of the on-line Forex brokers. There is a lot of information available about Forex on the web. However there also many myths surrounding the foreign exchange market:
- Forex trading is easy. Many people that want to dive into the world of the foreign exchange market believe that the Forex trading is easy — you just read a book or two and then you will be able to earn daily profits with just 2-3 hours trading daily. Others think that they can buy a profitable strategy and it will make them rich in Forex. In reality that's just a myth. Succeeding in Forex isn't easier than mastering any other profession — it takes time, money and a lot of practice.
- "I will make money in Forex, if I can trade stocks successfully." Success in stock market doesn't imply that you will get success in Forex market — there are many differences between trading stocks and the spot currencies. First of all, Forex market requires a lot of hard work and dedication as this market is open for 24 hours a day. You cannot just sit in front of your computer for the whole day and night, so the best way is that you should find the most suitable time periods for trading. Second, "buy&hold" strategy simply won't work in Forex market. Third, you don't have that much information about currencies as you can get from the companies' reports and statistics.
- "I can make profit whenever I want if Forex market is open 24 hours a day."Once again, you won't be sitting in front of your PC for the whole day to be able to trade 24 hours. You'll have to develop automated trading software to get the advantage of 24 hours a day working schedule.
- "I can be a successful Forex trader just following someone else's signals." Many beginning traders get burned by the blind signal-following. That's like putting away the whole responsibility for your actions to someone else. That may sound cool, but in reality you end up with the huge losses. Learn to rely on your own knowledge and skills. Remember that there were no great signal-followers in any financial market.
- No commission is to be paid in Forex market. You only have to pay the spread, but you don't have to pay the commission. And what's spread? It is the difference between the buy and sell price of the currency pair at the same moment. You may end up with the major part of your profits in the broker's hands if you plan to rely on the short-term trading.
- Forex is a scam. Some skeptics and disappointed traders think that Forex is just some new fad to scam people for their hard earned money. Although there are many scams that are hiding behind the "brand" of Forex, that doesn't mean that the Forex itself is a scam. There are many institutional Forex brokers, regulated Forex account managers and other solid companies in the market to whom you can trust.
- "I need to exactly predict the market outcome to be profitable in Forex." There is no scientific method to know something in advance in the market with a 100% certainty. There would be no Forex market if you could know the exact currency rates beforehand. Trading is not the game of certainties; it's a game of odds. One of the first things that new traders learn is to think in the terms of probabilities and risk-to-reward ratios.
- "I need to use a very complex strategy to be successful in Forex." It's a popular myth, in which many on-line sellers would want you to believe. The main requirement to be successful in Forex is a self-discipline and money management. There are many traders that make consistent profits with rather simple and old strategies.
- "I need to have a lot of starting capital to get profit in Forex." Big capital investment won't help you in Forex. You don't need a lot of money to diversify in currencies and you can't move the currency rates with your trading orders (you'd need billions of dollars to do that). Actually you can trade with a very a little capital, because Forex trading is almost always leveraged with the broker's money.
- Forex is gambling because it's completely random. Although there is no certainty in Forex (as in any financial market) it doesn't mean that it's completely random. And it's certainly not a gambling, since your success in this market depends mostly on your skills and experience, not on your luck.
Knowledge is power — so it's better for you to learn distinguishing some stereotypical myths from the real thing. Don't fall for the promises of getting some easy profits in Forex, but don't be afraid of the market just because some people think it's not possible to earn there. Be rational — this quality will help you either if you are going to trade in Forex or not.
Sunday, January 2, 2011
Tuesday, December 28, 2010
Trade di waktu Xmas + New Year
Salam...
Sekadar memberitahu yang bermula dari 24 Dec 2010 sehingga 3 Jan 2012, sesiapa yang trade dengan platform FXMalay perlu beri perhatian iaitu untuk tempoh jangkawaktu ini, leverage secara automatik akan ditukar ke 1:100 oleh itu kepada sesiapa yang mempunyai modal kecil adalah lebih baik melihat sahaja dari jauh.....bukan apa, saya pun terkena sb tadi buka post pastu baru baca forum, sekali tengok available margin jadi besar semacam...lepas baca forum baru ler tahu....huhu!!!
"tadi terus close trade, cut loss 70pip gak walaupun at the end trend memang bergerak ke arah post yang dibuka tadi...tapi tak per la, 50% of something is better than 100% of nothing"
Sekadar memberitahu yang bermula dari 24 Dec 2010 sehingga 3 Jan 2012, sesiapa yang trade dengan platform FXMalay perlu beri perhatian iaitu untuk tempoh jangkawaktu ini, leverage secara automatik akan ditukar ke 1:100 oleh itu kepada sesiapa yang mempunyai modal kecil adalah lebih baik melihat sahaja dari jauh.....bukan apa, saya pun terkena sb tadi buka post pastu baru baca forum, sekali tengok available margin jadi besar semacam...lepas baca forum baru ler tahu....huhu!!!
"tadi terus close trade, cut loss 70pip gak walaupun at the end trend memang bergerak ke arah post yang dibuka tadi...tapi tak per la, 50% of something is better than 100% of nothing"
Info on Basket Trade System
Salam...
Dari sehari ke sehari saya nak update blog ni tapi asyik tertangguh. Hari ni agak free sikit, so boleh ler start sikit2 update bermula dengan teknik basket trading dan selepas ini disusuli dengan MA (moving average) atau Sugus trend bergantung pada kesesuaian. Sekadar berkongsi informasi, teknik basket ini dipelopori oleh seorang mat salleh dikenali sebagai "trader101". Nama sebenar beliau seperti yang tertulis dalam blog atau forum berkaitan basket trade ini ialah "Julius" (refer link http://www.forexfactory.com/showthread.php?t=10711) untuk membaca tread beliau dalam forum 'forexfactory.com'.
Sebagai permulaan, berikut adalah petikan dari tread beliau dalam dalam salah satu forum yang saya jumpa.
Simple Trading Method with trader101
I introduce this system in the other forum and quickly it become a phenomenal ground breaking methodology and created a buzz in the Forex world, and feel compiled to introduce this also here in this Forum.
Ive been been playing this method for about 3 months now after a 2 years collecting data and observing ccy pairs behavior and started trading this live and the return is quite good. This is a very simple method and it is all base on price action, indicator free trading and it is done manually.
First you have to open a demo account (Indicator Account –IA) and make sure that the broker you choose have the ff. pairs (must have) in their platform:
Most brokers have the following Pairs.
1. GBPUSD 8. CADJPY
2. EURGBP 9. AUDUSD
3. GBPCHF 10. USDJPY
4. CHFJPY 11. EURUSD
5. AUDJPY 12. EURCHF
6. EURJPY 13. GBPJPY
7. USDCHF 14 USDCAD
If you are using the IBFX Platform below are your pairs to Hedge:
1. GBPUSD 8. EURUSD
2. EURGBP 9. USDJPY
3. GBPJPY 10. AUDUSD
4. USDCHF 11. NZDJPY
5. NZDUSD 12. GBPCHF
6. AUDJPY 13. CHFJPY
7. EURJPY 14 EURCHF
The first seven pairs is set 1 and the second is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give you a good look at the pairs as weeks goes on. Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (attached) so as to maintain correct timing in opening them. Click twice the profit column of your terminal so as to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper order. All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period and all the dirt to the bottom and the clearer water at the top.
About a day or two, all the buys (if negatives) will stay below and the sell (if positives) will be at the top. Now the indication that you should watch is, ideally the bottom 7 slots should be occupied by the negatives, the first pair in the negative that crosses the boundary of positive and negatives is the pairs we are concern. If one of the negative jump to slot 8 (counting from bottom) there is also a corresponding positive that will jump to slot 7. This is one of our signals. We can trade those two pairs that jump out of boundary. There are ways of watching and trading this pair as they start jumping slots. I called this method the Jumping Pairs Technique. There are also numerous variations associated with jumping pairs that I will discuss later in the thread. Another profitable method of trading is the trading of 14 pairs straight Buy or Sell, criteria of which I will also discuss in the later part of the thread.
You should have another account where you real trading will be executed. You can trade the two pairs that jump out. If the pair that jumps up is LONG then trade the two breakaway pairs LONG or vice versa. I also trade the next two pairs that jump of the boundary. I limit myself to just 4 pair’s max 5 pairs being traded at one time. The profit is up to you, what I do is when the pair I’m trading retreats a slot or 2 slots then I close it. Or sometimes I just leave and the Profit Protection EA does the watching of the trade.
Remember do not touch your demo account as this will serve as your indicator and keep it running all the time and just check it once in while for any jumper pair and then trade them.
On the attached terminal copy, you can see the breakaway pair USDCAD and was traded and make some pips on it. Consequently the other pair GBPUSD also jump 1 slot down and can also be traded Long as well.
There will be many more setup as we go along.
I hope i explain it well. Good Luck trading,
Trader101
Note:
1) this method is manual.. Again manual... Indicator is fine.
2) I am trying to avoid any EA being made out of this system, indicators are welcome.
3) To those who will benefit from this method, my only request is to GIVE CREDIT TO WHERE CREDIT IS DUE this is given unselfishly free. Pipscorer/Trader101
PS: For advance reading go here:
Simple Trading Method with trader101
Dalam tread ini, turut sertakan script untuk memudahkan kita open position (terima kasih Julius!!). Anda juga boleh sahaja taipkan perkataan "basket trading" pada search bar untuk membaca info2 lain yang berkaitan.
"xXxtreme yang diperkenalkan oleh Team Kuda adalah satu lagi sistem yang memanafaatkan sepenuhnya konsep basket trading / naked trading ini dengan cara dan pendekatan mereka sendiri"
Dari sehari ke sehari saya nak update blog ni tapi asyik tertangguh. Hari ni agak free sikit, so boleh ler start sikit2 update bermula dengan teknik basket trading dan selepas ini disusuli dengan MA (moving average) atau Sugus trend bergantung pada kesesuaian. Sekadar berkongsi informasi, teknik basket ini dipelopori oleh seorang mat salleh dikenali sebagai "trader101". Nama sebenar beliau seperti yang tertulis dalam blog atau forum berkaitan basket trade ini ialah "Julius" (refer link http://www.forexfactory.com/showthread.php?t=10711) untuk membaca tread beliau dalam forum 'forexfactory.com'.
Sebagai permulaan, berikut adalah petikan dari tread beliau dalam dalam salah satu forum yang saya jumpa.
Simple Trading Method with trader101
I introduce this system in the other forum and quickly it become a phenomenal ground breaking methodology and created a buzz in the Forex world, and feel compiled to introduce this also here in this Forum.
Ive been been playing this method for about 3 months now after a 2 years collecting data and observing ccy pairs behavior and started trading this live and the return is quite good. This is a very simple method and it is all base on price action, indicator free trading and it is done manually.
First you have to open a demo account (Indicator Account –IA) and make sure that the broker you choose have the ff. pairs (must have) in their platform:
Most brokers have the following Pairs.
1. GBPUSD 8. CADJPY
2. EURGBP 9. AUDUSD
3. GBPCHF 10. USDJPY
4. CHFJPY 11. EURUSD
5. AUDJPY 12. EURCHF
6. EURJPY 13. GBPJPY
7. USDCHF 14 USDCAD
If you are using the IBFX Platform below are your pairs to Hedge:
1. GBPUSD 8. EURUSD
2. EURGBP 9. USDJPY
3. GBPJPY 10. AUDUSD
4. USDCHF 11. NZDJPY
5. NZDUSD 12. GBPCHF
6. AUDJPY 13. CHFJPY
7. EURJPY 14 EURCHF
The first seven pairs is set 1 and the second is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give you a good look at the pairs as weeks goes on. Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (attached) so as to maintain correct timing in opening them. Click twice the profit column of your terminal so as to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper order. All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period and all the dirt to the bottom and the clearer water at the top.
About a day or two, all the buys (if negatives) will stay below and the sell (if positives) will be at the top. Now the indication that you should watch is, ideally the bottom 7 slots should be occupied by the negatives, the first pair in the negative that crosses the boundary of positive and negatives is the pairs we are concern. If one of the negative jump to slot 8 (counting from bottom) there is also a corresponding positive that will jump to slot 7. This is one of our signals. We can trade those two pairs that jump out of boundary. There are ways of watching and trading this pair as they start jumping slots. I called this method the Jumping Pairs Technique. There are also numerous variations associated with jumping pairs that I will discuss later in the thread. Another profitable method of trading is the trading of 14 pairs straight Buy or Sell, criteria of which I will also discuss in the later part of the thread.
You should have another account where you real trading will be executed. You can trade the two pairs that jump out. If the pair that jumps up is LONG then trade the two breakaway pairs LONG or vice versa. I also trade the next two pairs that jump of the boundary. I limit myself to just 4 pair’s max 5 pairs being traded at one time. The profit is up to you, what I do is when the pair I’m trading retreats a slot or 2 slots then I close it. Or sometimes I just leave and the Profit Protection EA does the watching of the trade.
Remember do not touch your demo account as this will serve as your indicator and keep it running all the time and just check it once in while for any jumper pair and then trade them.
On the attached terminal copy, you can see the breakaway pair USDCAD and was traded and make some pips on it. Consequently the other pair GBPUSD also jump 1 slot down and can also be traded Long as well.
There will be many more setup as we go along.
I hope i explain it well. Good Luck trading,
Trader101
Note:
1) this method is manual.. Again manual... Indicator is fine.
2) I am trying to avoid any EA being made out of this system, indicators are welcome.
3) To those who will benefit from this method, my only request is to GIVE CREDIT TO WHERE CREDIT IS DUE this is given unselfishly free. Pipscorer/Trader101
PS: For advance reading go here:
Simple Trading Method with trader101
Dalam tread ini, turut sertakan script untuk memudahkan kita open position (terima kasih Julius!!). Anda juga boleh sahaja taipkan perkataan "basket trading" pada search bar untuk membaca info2 lain yang berkaitan.
"xXxtreme yang diperkenalkan oleh Team Kuda adalah satu lagi sistem yang memanafaatkan sepenuhnya konsep basket trading / naked trading ini dengan cara dan pendekatan mereka sendiri"
Sunday, November 7, 2010
Perkembangan EA testing
Salam...
Mohon maaf kepada mereka yang mengikuti perkembangan testing EA kerana lama sangat saya tak update result di blog. Banyak sangat perkara baru dan menarik berlaku sejak selepas hari raya antaranya berkaitan EA, Indikator dan Sistem. Terima kasih kepada mereka2 yang telah memberi EA, Indi dan Sistem untuk saya cuba dan kongsikan bersama resultnya di sini.
Mohon maaf juga kerana terpaksa menghentikan percubaan EA yg pernah saya postkan di blog ini untuk memberi ruang kepada indikator dan sistem lain yang saya sedang cuba sekarang ni. Kesimpulannya, pada pandangan peribadi saya...EA masih boleh mendatangkan keuntungan "minima' dalam jangkamasa panjang dengan syarat setting mestilah memenuhi syarat2 asas trading seperti mesti ada stop loss (1:3) dan money mangement 5%. Selain dari itu, kita masih perlu cuba fahami dan fikir bagaimana cara EA ini bekerja dan apa sebenarnya programmer EA cuba sampaikan.
Seterusnya saya nak kongsikan satu lagi indi yang agak baik dan menarik kerana indi ini bekerja mengikut 'trend' semasa. Indi ini dikenali sebagai "SUGUS TREND" dan penciptanya telah dengan bermurah hati memberikan secara percuma kepada mereka2 yang ingin mencuba. Anda boleh layari link ini, http://semua2ada.com/libonline/uploads/Onlinelibrary/how_to_trade_sugus.pdf untuk mendapatkan e-book dan hubungi beliau di sugus_trader@yahoo.com mendapatkan untuk indi ini.
Saya bercadang nak gunakan indi Sugus bersama-sama dengan sistem "basket trading" yang baru saya perolehi. Dalam proses tersebut, sebarang pandangan dan cadangan dari pihak pembaca amatlah dialu-alukan dan semoga apa yang kita temui nanti dapat dimanafaatkan bersama.
Mohon maaf kepada mereka yang mengikuti perkembangan testing EA kerana lama sangat saya tak update result di blog. Banyak sangat perkara baru dan menarik berlaku sejak selepas hari raya antaranya berkaitan EA, Indikator dan Sistem. Terima kasih kepada mereka2 yang telah memberi EA, Indi dan Sistem untuk saya cuba dan kongsikan bersama resultnya di sini.
Mohon maaf juga kerana terpaksa menghentikan percubaan EA yg pernah saya postkan di blog ini untuk memberi ruang kepada indikator dan sistem lain yang saya sedang cuba sekarang ni. Kesimpulannya, pada pandangan peribadi saya...EA masih boleh mendatangkan keuntungan "minima' dalam jangkamasa panjang dengan syarat setting mestilah memenuhi syarat2 asas trading seperti mesti ada stop loss (1:3) dan money mangement 5%. Selain dari itu, kita masih perlu cuba fahami dan fikir bagaimana cara EA ini bekerja dan apa sebenarnya programmer EA cuba sampaikan.
Seterusnya saya nak kongsikan satu lagi indi yang agak baik dan menarik kerana indi ini bekerja mengikut 'trend' semasa. Indi ini dikenali sebagai "SUGUS TREND" dan penciptanya telah dengan bermurah hati memberikan secara percuma kepada mereka2 yang ingin mencuba. Anda boleh layari link ini, http://semua2ada.com/libonline/uploads/Onlinelibrary/how_to_trade_sugus.pdf untuk mendapatkan e-book dan hubungi beliau di sugus_trader@yahoo.com mendapatkan untuk indi ini.
Saya bercadang nak gunakan indi Sugus bersama-sama dengan sistem "basket trading" yang baru saya perolehi. Dalam proses tersebut, sebarang pandangan dan cadangan dari pihak pembaca amatlah dialu-alukan dan semoga apa yang kita temui nanti dapat dimanafaatkan bersama.
Thursday, October 7, 2010
Tuesday, September 14, 2010
Thought of Trading (from BK Forex Advisor)
Surviving is Winning
When studying money managers, academics always note the presence of survivorship bias. Survivorship bias amongst many other things is the idea that if you flip a coin often enough any monkey can succeed at this job. Basically in any given pool of applicants a very small percentage can flip ten heads in a row and thus produce 10 consecutive years of good performance through sheer luck rather than skill. Survivorship bias is a real problem when it comes to evaluating the performance of investment managers and you should be keenly aware of this dynamic when you evaluate their long term records.
However, when it comes to short term trading survivorship bias plays a far less important role as the law of large numbers quickly grinds down all the lucky participants into dust leaving only those who are truly skilled behind. Why? Simply put it is much harder to generate 100 winning days in a row than it is to generate 10 and harder still to generate 1000. FX which is a highly levered market is the ultimate Darwinian proving ground and those few who survive to trade it for more than several years with their original stake in tact are truly skilled in my opinion.
In fact I would go so far as to say that surviving IS winning when it comes to short term trading. Amongst the hundreds of traders I've interviewed in my lifetime I've never met any successful trader who did not blow up his or her trading account at least once and in most cases three or four times before they finally mastered the craft. In fact it was only after they learned to preserve their capital that most of those traders started to succeed. That's why risk control is so much more important than any trading strategy you choose. Woody Allen once said that 90% of success in life is just showing up. When it comes to trading the markets I couldn't agree more. Hang out long enough and you will eventually discover a setup that you can exploit, but only if you have capital left to trade.
In this week's video I lay out what I consider to be the inviolable principles of short term trading which boil down to a few simple rules.
1. Always trade with a stop
2. Never average down
3. Stop trading for the day if you hit three consecutive losers
4. Don't take wildly asymmetrical risks (bet 50 to make 10)
Although they are simple these rules are incredibly difficult to follow. I have broken every one of them many, many times. In fact I can trace ALL of my failures in trading to disobeying these four simple precepts rather to any inability on my part to analyze the market properly. I would bet that for many of you the same experience applies. That's why our true control of the market will come only when we learn to master ourselves. That's the beauty of trading - unlike most other professions we cannot hide our incompetence so we must learn to be responsible in order to succeed in the log run.
When studying money managers, academics always note the presence of survivorship bias. Survivorship bias amongst many other things is the idea that if you flip a coin often enough any monkey can succeed at this job. Basically in any given pool of applicants a very small percentage can flip ten heads in a row and thus produce 10 consecutive years of good performance through sheer luck rather than skill. Survivorship bias is a real problem when it comes to evaluating the performance of investment managers and you should be keenly aware of this dynamic when you evaluate their long term records.
However, when it comes to short term trading survivorship bias plays a far less important role as the law of large numbers quickly grinds down all the lucky participants into dust leaving only those who are truly skilled behind. Why? Simply put it is much harder to generate 100 winning days in a row than it is to generate 10 and harder still to generate 1000. FX which is a highly levered market is the ultimate Darwinian proving ground and those few who survive to trade it for more than several years with their original stake in tact are truly skilled in my opinion.
In fact I would go so far as to say that surviving IS winning when it comes to short term trading. Amongst the hundreds of traders I've interviewed in my lifetime I've never met any successful trader who did not blow up his or her trading account at least once and in most cases three or four times before they finally mastered the craft. In fact it was only after they learned to preserve their capital that most of those traders started to succeed. That's why risk control is so much more important than any trading strategy you choose. Woody Allen once said that 90% of success in life is just showing up. When it comes to trading the markets I couldn't agree more. Hang out long enough and you will eventually discover a setup that you can exploit, but only if you have capital left to trade.
In this week's video I lay out what I consider to be the inviolable principles of short term trading which boil down to a few simple rules.
1. Always trade with a stop
2. Never average down
3. Stop trading for the day if you hit three consecutive losers
4. Don't take wildly asymmetrical risks (bet 50 to make 10)
Although they are simple these rules are incredibly difficult to follow. I have broken every one of them many, many times. In fact I can trace ALL of my failures in trading to disobeying these four simple precepts rather to any inability on my part to analyze the market properly. I would bet that for many of you the same experience applies. That's why our true control of the market will come only when we learn to master ourselves. That's the beauty of trading - unlike most other professions we cannot hide our incompetence so we must learn to be responsible in order to succeed in the log run.
Monday, September 6, 2010
Aug 2010 archivement
Salam,
My 2nd recognition for 2 consecutive month.
....hope to maintain this till Grand Prix!
My 2nd recognition for 2 consecutive month.
....hope to maintain this till Grand Prix!
Saturday, September 4, 2010
EA testing
Salam,
Atas permintaan salah seorang sahabat, minggu ini saya habiskan masa utk 'fine tune' dan test EA di acct demo dan real. Menurut kata sahabat ni, kemungkinan besar dia dah kena tipu sebab bila run jer EA ni di real account , tak sampai 1 hari terus kena SO. Bila sahabat ni refer balik kepada penjual EA ni, mula la seribu satu alasan yang diberi. Kesian sahabat saya ni, dengar kata beribu juga dia habis untuk bayar EA dan ini tak termasuk bayaran2 lain yang tak munasabah yang cuba dikenakan oleh si penjual.
Jadi atas permintaan beliau dan atas dasar membantu dan dengan apa yang saya tahu serba sedikit ni, maka EA ini telah di 'fine tune' mengikut kesesuaian currency dan setting seperti 'stop loss', 'equity' dan 'margin'. Saya tak teruja sangat dengan keputusan yang diperolehi kerana tempoh percubaan di real acct baru genap seminggu. Paling kurang kena sebulan test baru bole saya buat kesimpulan. Minggu depan dah sibuk nak RAYA, so apa2 pun saya sambung lepas RAYA nanti dan kongsikan result di sini. Segala cadangan dan komen membina ...dipersilakan.
Berikut adalah keputusannya;
Start: 30.08.10 hingga 03.09.10 (Selasa malam sehingga Jumaat malam)
1.1 Terminal Meta Trader
1.2 Ringkasan dalam format Excel
Summary
Total Trade: 56 trades
Losing trade: 21 trade
Winning trade: 35 trade
Losing %: 37.50%
Winning %: 62.50%
Average win to loss, 2:1 (nisbah ini amat penting!!!)
Period: 1 week
Profit (usd): 318.52
Memandangkan minggu depan saya dah nak start cuti, lepas raya nanti saya sambung dan keputusan akan dikongsikan bersama2 di sini.
"Selamat Hari Raya, Maaf Zahir Batin"
Atas permintaan salah seorang sahabat, minggu ini saya habiskan masa utk 'fine tune' dan test EA di acct demo dan real. Menurut kata sahabat ni, kemungkinan besar dia dah kena tipu sebab bila run jer EA ni di real account , tak sampai 1 hari terus kena SO. Bila sahabat ni refer balik kepada penjual EA ni, mula la seribu satu alasan yang diberi. Kesian sahabat saya ni, dengar kata beribu juga dia habis untuk bayar EA dan ini tak termasuk bayaran2 lain yang tak munasabah yang cuba dikenakan oleh si penjual.
Jadi atas permintaan beliau dan atas dasar membantu dan dengan apa yang saya tahu serba sedikit ni, maka EA ini telah di 'fine tune' mengikut kesesuaian currency dan setting seperti 'stop loss', 'equity' dan 'margin'. Saya tak teruja sangat dengan keputusan yang diperolehi kerana tempoh percubaan di real acct baru genap seminggu. Paling kurang kena sebulan test baru bole saya buat kesimpulan. Minggu depan dah sibuk nak RAYA, so apa2 pun saya sambung lepas RAYA nanti dan kongsikan result di sini. Segala cadangan dan komen membina ...dipersilakan.
Berikut adalah keputusannya;
Start: 30.08.10 hingga 03.09.10 (Selasa malam sehingga Jumaat malam)
1.1 Terminal Meta Trader
1.2 Ringkasan dalam format Excel
Summary
Total Trade: 56 trades
Losing trade: 21 trade
Winning trade: 35 trade
Losing %: 37.50%
Winning %: 62.50%
Average win to loss, 2:1 (nisbah ini amat penting!!!)
Period: 1 week
Profit (usd): 318.52
Memandangkan minggu depan saya dah nak start cuti, lepas raya nanti saya sambung dan keputusan akan dikongsikan bersama2 di sini.
"Selamat Hari Raya, Maaf Zahir Batin"
P. Ramlee - Suara Takbir
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