GBPUSD H1 7/6/2011
13 years ago
Tuesday, October 5, 2010
Thursday, August 5, 2010
3six0 Degree Trading System
Sneak Peak for latest tool in hand... The 3six0 Degree Trading System
This Tool will revolutionized amateurs and become Professional Trader
What is 360 Degree Trading System?
An electronic computer system that joins the trading floors of all the major equity American exchanges. This system essentially allows all eligible member market-makers and brokers the ability to execute buy and/or sell orders at different exchanges whenever they see that a better price quote available.
The system has connections with large national exchanges, such as the NYSE, as well as smaller regional exchanges, such as the Boston stock exchange. It also known as Intermarket Trading System (ITS).
It was first initiated during 1978, some parties, such as the Nasdaq, believe the technology used in the ITS is now outdated. Moreover, the current trend for exchanges is moving away the trading floors that the ITS is based on and toward automated trading systems.
The ITS is an expensive system that used by professional trader worldwide, commonly used by the bankers, big brokers and purely for Stock Exchange.
Now, with the growth of Retail Forex traders which previously dominated by big players by monopolised Wholesale Forex trader the ITS has been tailored made into a excellent tool for Retail Forex traders
360 Degree Trading System developed and tailored for individual and commercial trader which has the same objective "TO MAXIMISE PROFITABLE TRADE" regardless of market conditions...
360 Degree Trading System allows traders to see stocks movement and the impact on each major currencies whereby 360 Degree Trading System help traders to make immediate decision on which currencies or pair to trade.
That the brief summary of what is 360 Degree Trading System and more to come... just keep on visit us here or The 3six0 Degree Trading System
This Tool will revolutionized amateurs and become Professional Trader
What is 360 Degree Trading System?
An electronic computer system that joins the trading floors of all the major equity American exchanges. This system essentially allows all eligible member market-makers and brokers the ability to execute buy and/or sell orders at different exchanges whenever they see that a better price quote available.
The system has connections with large national exchanges, such as the NYSE, as well as smaller regional exchanges, such as the Boston stock exchange. It also known as Intermarket Trading System (ITS).
It was first initiated during 1978, some parties, such as the Nasdaq, believe the technology used in the ITS is now outdated. Moreover, the current trend for exchanges is moving away the trading floors that the ITS is based on and toward automated trading systems.
The ITS is an expensive system that used by professional trader worldwide, commonly used by the bankers, big brokers and purely for Stock Exchange.
Now, with the growth of Retail Forex traders which previously dominated by big players by monopolised Wholesale Forex trader the ITS has been tailored made into a excellent tool for Retail Forex traders
360 Degree Trading System developed and tailored for individual and commercial trader which has the same objective "TO MAXIMISE PROFITABLE TRADE" regardless of market conditions...
360 Degree Trading System allows traders to see stocks movement and the impact on each major currencies whereby 360 Degree Trading System help traders to make immediate decision on which currencies or pair to trade.
That the brief summary of what is 360 Degree Trading System and more to come... just keep on visit us here or The 3six0 Degree Trading System
Monday, August 2, 2010
Daily EJ Retest Fibo Fan
Three days test and yet to break, 3 times attempted at EJ Daily. Will it break today or big reverse?
Saturday, July 31, 2010
Overlay Project - 1st 3 Day Update
What is Overlay?
A separate and distinct program designed to specifically neutralize the inherent currency exposure of an entity. Ideally, it is supposed to function as an autonomous operation from other treasury functions.
This project we (the UnderGrounder) used 2 pair which is GU + EU.
The position of entry is auto determined by the EA as been setup earlier to read current trend-line both pairs. The pairs (GU & EU) will OP in couple formation, whereby GU BUY & EU SELL depend on trend and the lot size is different too. The EA allow us to set TP accordingly based on market condition and usually set at the achievable value. Below is the 1st 3 days run results.
I start with live account that have USD 30 + USD 100 credit = USD 130 equity and plan to let it run until maximum.
but for this project we found a loophole which have affected the real result.
1. The broker execution time too slow which resulting only one pair OP while the couple stuck (offquote) or connection time out by the broker server. This disadvantage applied too during the EA closing profitable couple position that has met TP. In this case, broker selection is important. You can see this scenario by referring to above graph whereby there is major drop in line graph due to manual close by me for incomplete couple. Incomplete couple must be closed immediately before its ruins your position.
that all for today update for this project.
A separate and distinct program designed to specifically neutralize the inherent currency exposure of an entity. Ideally, it is supposed to function as an autonomous operation from other treasury functions.
This project we (the UnderGrounder) used 2 pair which is GU + EU.
The position of entry is auto determined by the EA as been setup earlier to read current trend-line both pairs. The pairs (GU & EU) will OP in couple formation, whereby GU BUY & EU SELL depend on trend and the lot size is different too. The EA allow us to set TP accordingly based on market condition and usually set at the achievable value. Below is the 1st 3 days run results.
I start with live account that have USD 30 + USD 100 credit = USD 130 equity and plan to let it run until maximum.
but for this project we found a loophole which have affected the real result.
1. The broker execution time too slow which resulting only one pair OP while the couple stuck (offquote) or connection time out by the broker server. This disadvantage applied too during the EA closing profitable couple position that has met TP. In this case, broker selection is important. You can see this scenario by referring to above graph whereby there is major drop in line graph due to manual close by me for incomplete couple. Incomplete couple must be closed immediately before its ruins your position.
that all for today update for this project.
Friday, July 30, 2010
USD 30K Project
Objective : TO GET USD 30K BY YEAR END (EARLIEST) OR BY END OF 1ST QUARTER 2011
Mission: MAXIMIZE USAGE OF PROFITABLE TECHNIC IN HAND
Target: TO BECOME FTT ONCE OBJECTIVE ACHIEVE
Criteria That Need to Accomplished within Objective Time Period:
1. To have maximum saving in ASB - completed (dividend & bonus will finance monthly/yearly overhead)
2. To minimize interest rate for mortgage - completed and achieved >50% installment amount reduce
3. To settle liability loan ie: car, credit card & short term loan - in progress (2/3 completed)
4. To have backup saving up to 3 months current salary - in progress (30% achieved)
5. To have multiple account on regulated brokers - in progress (1/3 completed)
6. To have minimum USD 1k for each acc (for no 5) in each account - in progress (1/3 completed)
7. To have minimum consistent income USD 1k monthly while working - in progress (60% achieved with 1 account while working)
7.1 To have minimum consistent income USD 1.5k once FTT
8. To have adequate trading room at home - completed
once completed, all criteria then im ready for early retirement and become FTT. InsyaAllah
Mission: MAXIMIZE USAGE OF PROFITABLE TECHNIC IN HAND
Target: TO BECOME FTT ONCE OBJECTIVE ACHIEVE
Criteria That Need to Accomplished within Objective Time Period:
1. To have maximum saving in ASB - completed (dividend & bonus will finance monthly/yearly overhead)
2. To minimize interest rate for mortgage - completed and achieved >50% installment amount reduce
3. To settle liability loan ie: car, credit card & short term loan - in progress (2/3 completed)
4. To have backup saving up to 3 months current salary - in progress (30% achieved)
5. To have multiple account on regulated brokers - in progress (1/3 completed)
6. To have minimum USD 1k for each acc (for no 5) in each account - in progress (1/3 completed)
7. To have minimum consistent income USD 1k monthly while working - in progress (60% achieved with 1 account while working)
7.1 To have minimum consistent income USD 1.5k once FTT
8. To have adequate trading room at home - completed
once completed, all criteria then im ready for early retirement and become FTT. InsyaAllah
Friday, July 16, 2010
Minor Service Interruption - Upgrading of TM Network
The details:
When: 18, 19, 22 & 23 July 2010 between 12 am and 6 am
(click image for enlarge)
When: 18, 19, 22 & 23 July 2010 between 12 am and 6 am
(click image for enlarge)
Thursday, July 15, 2010
15 Criteria to Become a Successful Trader
Criteria 1:
Use money you can aford to lose.
If you are trading with funds you need for some family project, you are doomed to failure. This is because you won’t be able to enjoy the mental freedom to make sound trading decisions. Your trading funds should be viewed as money you are willing to lose. Your position should be carefully analyzed so you don’t jeopardize other funds or assets. One of the keys to successful trading is mental independence. You've got to trade outside influencing factors, and that means your trading freedom must not be influenced by the fear of losing money you really have earmarked for a specific need.
Criteria 2:
Know yourself.
You need an objective temperament, an ability to control emotions and carry a position without losing sleep. Although trading discipline can be developed, the successful traders are unemotional about their position. There are many exciting things happening in the market everyday, so it takes a hard-nosed type of attitude and an ability to stand above short-term circumstances. If you do not have this attitude you will be changing your mind and your position every few minutes
Criteria 3:
Start Small
Test your trading ability by making paper trades. Then begin to trade small. Start with a Mini Account. Beginning traders should learn the mechanics of trading before graduating to more volatile contracts.
Criteria 4:
Don't Over Commit.
One rule of thumb is to keep three times the money in your margin account than is needed for that particular position. Reduce your position if necessary to conform to that rule. This rule helps you avoid trading decisions based on the amount of money in your margin account. If you are under-margined you may be forced to liquidate a position early, at a costly loss that could have been avoided.
Criteria 5:
Isolate your Trading from your Desire for Profit.
Don’t hope for a move so much that your trade is based on hope. The successful trader is able to isolate his trading from his emotion. Although hope is a great virtue in other areas of life, it can be a real hindrance to a trader. When hoping that the market will turn around in their favor, beginners often violate basic trading rules.
Criteria 6:
Don't form new opinions during Trading Hours. Pre-Plan your Trades.
Decide upon a basic course of action, then don’t let the ups and downs during the day upset your game play. Successful traders prefer to formulate a basic opinion before the market opens, then look for the proper time to execute a decision that has been made - apart from the emotion of the current market. When a trader completely changes his direction during the trading day, it can confuse him and may result in generating lots of commissions with little profit.
Criteria 7:
Take a Trading Break.
Trading every day begins to dull your life and relations with your family members. A trading break helps you take a detached view of the market, and tends to give you a fresh look at yourself and the way you want to trade for the next several weeks. Take some time off and spend it with your loved ones. A break also helps you see the market factors in a better perspective.
Criteria 8:
Don't Follow the crowd.
Successful traders like breathing room. When everyone seems to be long, they look for a reason to be short. Historically, the public tends to be wrong. Successful traders feel uncomfortable when their position is popular with the buying public, especially small traders. Periodic government reports on the position of traders of various sizes provide "overcrowding" clues. Another clue is "contrary opinion". When most of the advisory services are long, for xample, the successful trader gets ready to move to the sideline or to take a short position. Some services give a reading on market sentiment determined by compiling opinions from many advisory services. If 85% of the analysts are bullish, this indicates an overbought situation. If less than 25% are bullish, this indicates an oversold condition.
Criteria 9:
Block out other Opinions.
Don’t be influenced in your trading by what someone says, or you will continually change your mind. Once you have formed a basic opinion in the market direction, don’t allow yourself to be easily influenced. You can always find someone who can give you what appear to be logical reasons for reversing your position. If you listen to these outside views, you may be tempted to change your mind only to find later that holding your opinion would have been more profitable.
Criteria 10:
When you are not Sure, stand aside.
Don’t feel that you have to trade every day, or even hold a position every day. The beginning trader is tempted to trade or hold a position every day and this is a costly tendency. The successful traders develop patience and discipline to wait for an opportunity. After they have taken a position and begin to feel uncomfortable, successful traders either reduce the size of the position or liquidate.
Criteria 11:
Never enter your entire position at one price.
If you want to be long a certain number of lots, you may want to do it 4 or more installments, to see if the market is moving in your direction before you become totally committed. Successful traders use the fundamentals and various technical signals to guide their trading, but the most important key is market action. The Successful Traders tend to wait for the market to verify that the initial position was a good one before putting on their full position.
Criteria 12:
Never add to a losing position.
Regardless of how confident you feel, if you establish a position that shows a loss, don’t add to it. It may mean that you are out of step with the market. Some traders don’t agree with this rule, believing in a "price averaging" technique. The Successful Traders interviewed believe this is a risky technique and a way to mentally justify adding to a position that only magnifies a mistake.
Criteria 13:
Cut your Losses Short.
When the market moves against you, admit your mistake by liquidating your position. You can be successful if you are right on less than 50% of your trades if you keep your losses short and let your profits run. Some Successful Traders have only three or four profitable trades out of ten because through discipline or stop-loss orders they get out early when they are wrong. One of the most common failures of new traders is their inability to admit they’re wrong. It takes a great deal of discipline to overcome the temptation to hang on to a loss, hoping that the market will turn in your favor.
Criteria 14:
Let Your Profits Run.
Cutting your profits short can be the cause of unsuccessful trading. The slogan "you never go broke taking a profit" doesn’t apply. The reason: Your losses will at the best cancel out or at worst outweigh your profits unless you let your profits run. How do you know when to take a profit? Some technical rules on reversals and other chart formations can help. You should never take a profit just for the sake of a profit - have a reason to close out a profitable position.
Criteria 15:
Learn to Like Losses.
This rule says just the opposite of what many traders think. Learn to like losses because they're part of the business. When you gain the emotional stability to accept a loss without it hurting your pride, you're on your way to becoming a successful trader. The fear of taking a loss must be removed before you become a good trader. If you stick to the above Rules, you will definitely become a Successful Forex Trader. There should be no doubt about it.
p/s: credit to fren of mine who share me this... cant remember who share it in skype: 3k pips chatroom
Use money you can aford to lose.
If you are trading with funds you need for some family project, you are doomed to failure. This is because you won’t be able to enjoy the mental freedom to make sound trading decisions. Your trading funds should be viewed as money you are willing to lose. Your position should be carefully analyzed so you don’t jeopardize other funds or assets. One of the keys to successful trading is mental independence. You've got to trade outside influencing factors, and that means your trading freedom must not be influenced by the fear of losing money you really have earmarked for a specific need.
Criteria 2:
Know yourself.
You need an objective temperament, an ability to control emotions and carry a position without losing sleep. Although trading discipline can be developed, the successful traders are unemotional about their position. There are many exciting things happening in the market everyday, so it takes a hard-nosed type of attitude and an ability to stand above short-term circumstances. If you do not have this attitude you will be changing your mind and your position every few minutes
Criteria 3:
Start Small
Test your trading ability by making paper trades. Then begin to trade small. Start with a Mini Account. Beginning traders should learn the mechanics of trading before graduating to more volatile contracts.
Criteria 4:
Don't Over Commit.
One rule of thumb is to keep three times the money in your margin account than is needed for that particular position. Reduce your position if necessary to conform to that rule. This rule helps you avoid trading decisions based on the amount of money in your margin account. If you are under-margined you may be forced to liquidate a position early, at a costly loss that could have been avoided.
Criteria 5:
Isolate your Trading from your Desire for Profit.
Don’t hope for a move so much that your trade is based on hope. The successful trader is able to isolate his trading from his emotion. Although hope is a great virtue in other areas of life, it can be a real hindrance to a trader. When hoping that the market will turn around in their favor, beginners often violate basic trading rules.
Criteria 6:
Don't form new opinions during Trading Hours. Pre-Plan your Trades.
Decide upon a basic course of action, then don’t let the ups and downs during the day upset your game play. Successful traders prefer to formulate a basic opinion before the market opens, then look for the proper time to execute a decision that has been made - apart from the emotion of the current market. When a trader completely changes his direction during the trading day, it can confuse him and may result in generating lots of commissions with little profit.
Criteria 7:
Take a Trading Break.
Trading every day begins to dull your life and relations with your family members. A trading break helps you take a detached view of the market, and tends to give you a fresh look at yourself and the way you want to trade for the next several weeks. Take some time off and spend it with your loved ones. A break also helps you see the market factors in a better perspective.
Criteria 8:
Don't Follow the crowd.
Successful traders like breathing room. When everyone seems to be long, they look for a reason to be short. Historically, the public tends to be wrong. Successful traders feel uncomfortable when their position is popular with the buying public, especially small traders. Periodic government reports on the position of traders of various sizes provide "overcrowding" clues. Another clue is "contrary opinion". When most of the advisory services are long, for xample, the successful trader gets ready to move to the sideline or to take a short position. Some services give a reading on market sentiment determined by compiling opinions from many advisory services. If 85% of the analysts are bullish, this indicates an overbought situation. If less than 25% are bullish, this indicates an oversold condition.
Criteria 9:
Block out other Opinions.
Don’t be influenced in your trading by what someone says, or you will continually change your mind. Once you have formed a basic opinion in the market direction, don’t allow yourself to be easily influenced. You can always find someone who can give you what appear to be logical reasons for reversing your position. If you listen to these outside views, you may be tempted to change your mind only to find later that holding your opinion would have been more profitable.
Criteria 10:
When you are not Sure, stand aside.
Don’t feel that you have to trade every day, or even hold a position every day. The beginning trader is tempted to trade or hold a position every day and this is a costly tendency. The successful traders develop patience and discipline to wait for an opportunity. After they have taken a position and begin to feel uncomfortable, successful traders either reduce the size of the position or liquidate.
Criteria 11:
Never enter your entire position at one price.
If you want to be long a certain number of lots, you may want to do it 4 or more installments, to see if the market is moving in your direction before you become totally committed. Successful traders use the fundamentals and various technical signals to guide their trading, but the most important key is market action. The Successful Traders tend to wait for the market to verify that the initial position was a good one before putting on their full position.
Criteria 12:
Never add to a losing position.
Regardless of how confident you feel, if you establish a position that shows a loss, don’t add to it. It may mean that you are out of step with the market. Some traders don’t agree with this rule, believing in a "price averaging" technique. The Successful Traders interviewed believe this is a risky technique and a way to mentally justify adding to a position that only magnifies a mistake.
Criteria 13:
Cut your Losses Short.
When the market moves against you, admit your mistake by liquidating your position. You can be successful if you are right on less than 50% of your trades if you keep your losses short and let your profits run. Some Successful Traders have only three or four profitable trades out of ten because through discipline or stop-loss orders they get out early when they are wrong. One of the most common failures of new traders is their inability to admit they’re wrong. It takes a great deal of discipline to overcome the temptation to hang on to a loss, hoping that the market will turn in your favor.
Criteria 14:
Let Your Profits Run.
Cutting your profits short can be the cause of unsuccessful trading. The slogan "you never go broke taking a profit" doesn’t apply. The reason: Your losses will at the best cancel out or at worst outweigh your profits unless you let your profits run. How do you know when to take a profit? Some technical rules on reversals and other chart formations can help. You should never take a profit just for the sake of a profit - have a reason to close out a profitable position.
Criteria 15:
Learn to Like Losses.
This rule says just the opposite of what many traders think. Learn to like losses because they're part of the business. When you gain the emotional stability to accept a loss without it hurting your pride, you're on your way to becoming a successful trader. The fear of taking a loss must be removed before you become a good trader. If you stick to the above Rules, you will definitely become a Successful Forex Trader. There should be no doubt about it.
p/s: credit to fren of mine who share me this... cant remember who share it in skype: 3k pips chatroom
Thursday, July 1, 2010
Wednesday, May 26, 2010
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