JPY call the Day!

since morning JPY started to take a revenge on their weakness for almost 3 weeks. JPY strength getting clear, with this position, i have close all buying pair and replaced with sell all JPY pair just after friday prayer. After few hours the short doesnt go well as i predicted even we saw JPY strenght meter has reach up to 8.29, there was a time i say i have losing 300 pips but the JPY still showed its strenght with currency strength start "geli-geli" at 6.00 to 7.14. I decided to just let it be there eventhought i know its Friday where major or big trader will close all their short position since monday today especially bankers who need to close their account for month end which usually will trigger major trend movement or trend break.

After a while, during the night time i check my early short position for all JPY pairs and i was surprise it goes well and my 50-50 chances prediction become profit which manage to TP all pairs with 670 pips...



while im typing this entry again with the major trend still showing short position, i try my luck with sell all 14 pairs and below is the result after few minutes. 70 pips collected and secured!



As a normal human, the greediness are unavoidable and i place another order to sell all JPY pairs that resulting loss after few minutes entered... im losing 100++ pips and increasing... sigh!



its look like my sighh not that long... managed to TP with another 70 pips hehehhe



enuf for today... nite2 and happy pippingsss!

JPY keep on calling me!

New Start

I managed to take out all the profit and capital last week after few days of disappointment. After a week holiday from active trading i start with minimum available balance with an objective to become more patience. never try it before, but my trading buddy has done it with minimum USD 20 become USD 300 within a month. He never go to class like what i did, he does totally naked trading (for me) just using the chart, no MA, no auto pivot & SnR... just the candle and MACD. for me what he has achieved are impressive! 1500% increase of equity in a month.

Today i started with USD 2.59 in hand try to break his record.



as usual, i will use what ever indi i have in my chart, the heatmeter and external data such as news, information from forum. As for today we noticed that USD has strengthern its position and manage to short 200++ pips (EU) since monday and few wave have appear.

The strategy will take oppurtinity to buy and sell EU with TP to secure (3-5pips). and some ocassion 1 pips for big scalping also will do even i am aware that the risk to high when you only have minimum balance in hand.

Will i success? the time will tell and the progress of this start will be updated when time permitted.

Happy Pippings!

Test My Limit

This test are not suitable for those who have kardio problem - according to Sifu

so i today i test my linit by selling GBPJPY when reversal signal appeared.
The screenshot will tell you the lesson.

Before


after 3 hours


Do you spot the different?

i just realise that this is done on my live platform after dinner huhuaaaa

since my GJ open last few days i let it run by itself... up n down, up n down like Little Einstein Song... tired running and singing my GJ final close by its own... yesterday (20 Oct 09).

From the test its showed that i did not have limits! no wonder i like to say "Limit is only my imagination".

Lesson learned. I need to set a limit in Fx or the limit will came to me:
1. limit how far can i go before close the OP
2. limit how long i can strecth my arm in Fx
3. limit on how much that i need for each OP
4. limit on how much im willing to lose for OP
all the above should not applied to me, but to everyone out there...

Second Day Test Result

I’ve been requested by my forex buddies to make entry here on the result and guideline how to use the new method, on my testing using new method developed by our sifu and his other otai at Oasis. Above is the second day testing with their method after struggling to see all the indicators provided which now I have lots of indicators and overwhelm inputs which resulting me - unable to digest all in one time until I have a feeling "how to trade meh"? Which one to use, this indi explain what? This meter for what, how to read this heat meter. Argggghhh!!!!! my forex buddies know what I meant, after I complete install, loading and setup their trade platform huuuuhu

Second day test result

As a start I decided to continue with my manual trading method companies and testing the currency strength meter method.

Result from the testing are surprised me! Which for my manual method its will take lots of time to collect that much pips in one session. On the red box I started morning around 1000 hrs, the meter showed that GBP are strong which reached 8.00 in the meter then I start using the script for GBP…. Wallllllaaaaaaaaah 7 pair entered into my trade terminal within a second! With the setup TP at 10 pips the pips counter started with RED FONT which means I’m in a losing pips position started with -15 and increased up to -70! Its meant im burning my money now! Go back to chart, my manual method showed that trend is still at my side but I have placed the script a bit late compare to others trader worldwide… with 7 pair in my LIVE terminal… losing money is easier than thought!

Keeping in mind that the trend for each pairs are at my side I hold ….. 2 hours later? The TPs started to match and the pips counter become green … sound relief huh “muka ada senyummmm” of course hehhe…. (please refer to pairs in the red box)

Later on during afternoon session alert by the meter that JPY weak! Then immediately I check other indi in my others chart… everything tell me to proceed. Again using the script, another 7 pairs appear in my terminal… pips counter is RED! Again panic hits me… thought I already make immediate decision but the result looks like I make decision too late again? After a minutes then its become greener on the pips counter…. It was false alarm for me, since this testing so im still learning it and try to digest the information… pips counter showed red due to total spread! Hehehehe again the new method caught me! Within 10 minutes pips counter keep on changing color red/green within a second or two … whats wrong? Again check other indis, indis showed me the trend is gaining which immediately I drag another JPY script to the chart window. Another 7 pairs enter my terminal huhuhuhu burning money again? (green box)

One by one the pairs has started matched the TP set with the script and continues with others. When I saw that the pips counter is green and the pips count started to slow down plus two of my pairs has matched their trailing stop lost which always running by the expert in my terminal. With positive pips in hand, I decided to test another script “close all” then… one by one my pairs closed automatically in less than a second interval… (refer dotted red box) WOW that easy! hahhaa

That’s all for today test summary!

“Happy pipping”

EU 1.4818 Touched!

Last nite traders worlwide take the opportunity & advantage on the event of bank holiday for USD. As a result we saw that EU touched last week highest 1.4818! I am saying this is due to no significant news that can contribute this movement appear none for Euro and USD. Seems like all the traders have the same thinking by continously rallies as what they did in early October after few short waves that effected long rallies before that. This taking advantage situation has resulting the rallies to new high as predicted by others 1.5000 continues…

will 1.5000 materialised? or
will the traders feels its enuf with 1.4818 and start with short?

Frens ask me this morning:

Q: What best entry for buy?
A: I am not buying today until the short trendline break. For scalping range 1.4765 until 1.4777.
Can trade with buy/sell ikut selera hehehehe
Since this morning managed 20-35 pips already huhuhu