This Blog is dedicated to my forex trading journal, The purpose of creating this blog is not only to track my trading record but is mainly for me to have a written structure to follow. I must become a successful (i.e. consistently profitable) currency trader.
Thursday, 31 March 2011
My Long Term AUDUSD
Masuk BUY order di daily chart untuk long term trade selepas pair ni retrace 2 hari lepas. Short term sell order cuma breakeven saja 0-0 hari tu, sorry tidak sempat update sebab siang malam banyak butul aktiviti. Untuk trade ini SL lebih kurang 150pip, target tidak set sebab pair ini sedang trade into space, maksud tiada halangan dari kiri chart. Nanti kalau ada sign mo reversal baru keluar trade ... macam mana pun relek relek saja kita trade.
Labels:
AUDUSD
Tuesday, 29 March 2011
New Trade on AUDUSD
Labels:
AUDUSD
"InstaForex Sniper" Contest
Minggu ini ikut pertandingan di Instaforex, so far belum ada apa2 hasil lagi. Kita tengok besok macam mana
Monday, 28 March 2011
Forex Money Management
In general my forex money management rules are Never risk more than 5% (maximum) on any trade.
When I started with a smaller account of $2000 I risked 5% and then reduced this to 3% as my account grew to $10.000. I have since reduced this again and now 2% is my limit.
If you take two $ trades or correlated* trades at the same time then 5% is the maximum exposure you should have for both trades.
Only risk 2.5% maximum if its a counter trend trade.
ALWAYS plan and place a stop loss.
Always plan your exits BEFORE you enter the trade. If 2 trade strategy, plan 1st target & move stop to entry on 2nd – then depends on your philosophy as to whether you set a secondary target or just let it run
Do not take trades with a less than 1: 2 risk reward ratio ie If your stop is 30 pips,make sure that the trade has a good chance of making 60 pips. Therefore you need to make sure that no major emas are in the way. A double top or bottom.
If you lose 2 trades in a row, reduce your risk to 2.5%
If you lose 3 in a row STOP for the day & analyse where you went wrong. Start again at 1.5% or go to a demo, BUT trading by the rules.
After 3 wins in a row go back to 2.5%.
Once you get back to a 60%+ win ratio, go back to 5% maximum
When I started with a smaller account of $2000 I risked 5% and then reduced this to 3% as my account grew to $10.000. I have since reduced this again and now 2% is my limit.
If you take two $ trades or correlated* trades at the same time then 5% is the maximum exposure you should have for both trades.
Only risk 2.5% maximum if its a counter trend trade.
ALWAYS plan and place a stop loss.
Always plan your exits BEFORE you enter the trade. If 2 trade strategy, plan 1st target & move stop to entry on 2nd – then depends on your philosophy as to whether you set a secondary target or just let it run
Do not take trades with a less than 1: 2 risk reward ratio ie If your stop is 30 pips,make sure that the trade has a good chance of making 60 pips. Therefore you need to make sure that no major emas are in the way. A double top or bottom.
If you lose 2 trades in a row, reduce your risk to 2.5%
If you lose 3 in a row STOP for the day & analyse where you went wrong. Start again at 1.5% or go to a demo, BUT trading by the rules.
After 3 wins in a row go back to 2.5%.
Once you get back to a 60%+ win ratio, go back to 5% maximum
SHORT AUDUSD
Untuk pair ini, boleh open SELL sudah sekarang (jam sekarang 9.28am, malaysian time). Stop Loss (SL) dalam 50 pip la, so ingat MM masing2 buka kecil saja. Dalam daily chart Pair ini sedang Bulish & sekarang dlm mo retrace/correction dulu sebelum naik balik. So Take Profit kasi set p T3, manalah tau ada stick2 yang panjang.
Order = SELL
SL = 1.0295
T1 = 1.0170
T2 = 1.0095
T3 = 1.0034
Untuk pair EURUSD pula, sekarang ini masih tunggu signal untuk masuk. So saya agak mungkin besok atau lusa. Ada apa2 nanti saya update juga nanti ... bye.
Labels:
AUDUSD
Before He Trades a Carrie Underwood Parody
And here is something special for you friends, just to make you smile little bit :)
Intresting PAIR to watch this week (EURUSD, USDCHF, AUDUSD, NZDUSD)
Untuk minggu ini ada beberapa pair yang berpotensi besar untuk kita trade iaitu EURUSD, USDCHF, AUDUSD sama NZDUSD. Tapi saya akan cover 2 pair saja k ... Fiber nama samaran EURUSD sama Aussie nama samaran AUDUSD. Untuk Fiber ... saya berminat untuk buat trade dalam daily chart. Jadi kalau ada siapa2 mo trade daily chart ... ingat money management(MM) masing2 k. Buka trade kecil saja 2% daripada total equity, sebab daily punya swing besar. So untuk Fiber cerita dia begini, kalau lah candle break Uppertrend line yang warna biru tu & candle closed dibawah resistance 1.4040 jadi confirm sudah beruang mo keluar cari makan (bearish) ... jadi target 1.3800-1.3750 begitu. Stoploss ikut MM masing2. Apa2 pun nanti saya update jg dlm ni blog.
Untuk Aussie pula, saya mo trade pakai 4Hour punya time frame. So Kalau candle closed bawah uptrendline kita buka order SELL. Tapi apa2 pun nanti saya update jg nanti target sampai mana.
UNTUK INFO
Broker yang saya guna buat analisis: UMOFX
DAILY mula jam 8.00am waktu malaysia.
4H = 8.00am, 12.00pm, 4.00pm, 8.00pm, 12.00am, 4.00am = ada 6 candle utk satu hari
p/s: OK ada apa2 soalan jangan malu2 tanya .. apa-apa pun relex .. relex saja kita trading.
Thursday, 24 March 2011
Weekly liteforex Contest Result ... cuba lagi
Untuk info, bawah ada link untuk broker-broker yang buat pertandingan memorek ... ok ma, main di demo kalau menang dapat hadiah duit dibayar USdolar. Jom la ikut, bukan rugi pun, lagipun tidak pakai modal.
- Untuk broker ini saya suggest join Liteforex Fighting Contest, main setiap hari rabu pagi jam 5.00am waktu malaysia & tamat besok dia jam 5.00am waktu malaysia.
- Yang ini join InstaForex Sniper
Wednesday, 23 March 2011
Tuesday, 22 March 2011
Monday, 21 March 2011
Sunday, 20 March 2011
Ini test percubaan saja
Hari ini hari ahad .. baru try buat blog sendiri .. test test satu 2 tiga ...
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