Somehow someway someday i think i have to start my own thread to contribute back to the society. Here is to start with .....
Note : All the information and tools here is free. I don't know why my status become Commercial Member but i don't think it really matters.
INTRODUCTION
There are so many ways, so many systems out there, and i am glad i have stumbled upon to hundreds of them, tested them, blew up my account for several hundreds of thousand of dollar in my early year of trading. I have learnt the hard way or maybe even the hardest way for most of us. I was thinking with nearly 1M US$ and i can be a successful trader.
I was introduced to this business by one of the IB in my country. I remember in my very first day i didn't even know what a buy limit was, sell limit was, stop loss, bep etc. all i knew was push that button BUY and SELL and close at profit. Knowing that i was a very Naive and Do as told kind a person, I was exploited by this guy and keep trading and trading and trading for somewhat i didn't understand why. UNTIL .... I blew up my 1st 100K account and this guy just said .... "well sir i only recommend when to buy and sell .... but once you click that button the responsibilities are in your hands either profit or loss" BOOM!!!!
Then he recommended me to trade gold because he said it's very easy. (If it was i wonder why he didn't recommended it to me at first time) I was mainly only traded GOLD / XAUUSD. Around 2010 i was told that trading gold was VERY EASY. We JUST BUY AND HOLD and repeat. And yeah, for some reasons i just say yes and yes. " Sir ... if you buy gold even if you have floating loss you just keep it for a day or two price will go up again and you will close it in profit.... Until i bought the gold at it's very peak and kept it until i blew up my second 100K account. SECOND BOOM!!!.
Since then i decided to stop trading and back to my regular daily live, building houses, groceries stores, looking after my wife and kids eat, sleep, smoke, and repeat. Because i thought this business is not the right for me
I have traveled half of this world and during my vacation in NEW YORK i met one guy at one of the most famous coffee shop. He was reading a book forex trading for dummies. I encourage my self to ask him if he was ever successful in this business and he said he was just getting started and been demoing for about six months and still unable to make a steady progress. ( I said to myself ... i will never will ).
I decided to take my own decision and think if i was too lazy to let someone to do the thinking and ended up blew up my account. So if i have to blow up another account ... well i better do it my mysel. LOL.
I then spent most of my time studying, reading, in front of the chart 18 hours a day i would be an expert (That's what i said to myself) And so I began to spend sometimes reading , reading and reading stumbled upon FF and other forum. Talk to what's so called expert. Follow online and offline trader's courses and drawn myself in this business again. Without demoing and as an " i thought i am an expert ". I trade about 20s trades daily, always stare at the chart since i woke up until i sleep. sometimes even sleep in front of the computer. That's what i thought it would take to be and expert and successful in this business. Until i blew up my another account. F&*K
THE TURN AROUND
Even though it's a little late. I started to look back and wondering what was wrong with me in this business. I have more than enough money to start, i have great indicators, i spent most of my time studying the chart, i read so many and many articles anywhere. I found out that i did exactly what it take to be BROKE. Until i apply the next chapter in my trading live as the summary or essence from whatever i have learnt.
GREAT WARS REQUIRES THE RIGHT WEAPONS
Just like entering a war. If you have an underwater battle you won't use a motorcyle instead an oxygen tank is a must and a knife would do the killing. If you have a jungle war you won't use an oxygen tank instead a gun like RAMBO would win the battle.
The same thing i apply to this business.
We need to Analyze the market condition and get ready with our weapons so we can win the battle and get away with pips and $$$ in our account.
ANALYZING THE MARKET WITH FUNDAMENTAL BACKGROUND
Just like driving a car. Fundamental backgrounds such as political situation, countries public data release, important people speeches, meeting etc. They tend to shape the FUTURE of the price. Therefore we have to put this Fundamental analysis before we even open our chart or worse jump into trade.
ANALYZING THE MARKET WITH TECHNICAL BACKGROUND
I am REALLY REALLY not a fan of fancy indicators that give a colurful Reinbrandt, Picasso or Leonardo da Vinci chart. They merely just do nothing but a broken compass. The chart itself give us all we need.
There are tools that are very useful in helping my trades such as Price Info, Sesion time or clock and daily range. Files are attached.
FUNDAMENTAL AND TECHNICAL COMBINATION
After identifying a fundamental background that we can use as our ground rules of entry, we need to look for the best entry with the best RR and Good WINNING RATE. Look as technical study we look at the chart and decided if the CURRENT MARKET is still giving us the best entry position possible.
Let's start with live example's along the way
Here are some of the tools
For the RSS LIVE FEEDER please subscribe then the link will be given for free.
Note : All the information and tools here is free. I don't know why my status become Commercial Member but i don't think it really matters.
INTRODUCTION
There are so many ways, so many systems out there, and i am glad i have stumbled upon to hundreds of them, tested them, blew up my account for several hundreds of thousand of dollar in my early year of trading. I have learnt the hard way or maybe even the hardest way for most of us. I was thinking with nearly 1M US$ and i can be a successful trader.
I was introduced to this business by one of the IB in my country. I remember in my very first day i didn't even know what a buy limit was, sell limit was, stop loss, bep etc. all i knew was push that button BUY and SELL and close at profit. Knowing that i was a very Naive and Do as told kind a person, I was exploited by this guy and keep trading and trading and trading for somewhat i didn't understand why. UNTIL .... I blew up my 1st 100K account and this guy just said .... "well sir i only recommend when to buy and sell .... but once you click that button the responsibilities are in your hands either profit or loss" BOOM!!!!
Then he recommended me to trade gold because he said it's very easy. (If it was i wonder why he didn't recommended it to me at first time) I was mainly only traded GOLD / XAUUSD. Around 2010 i was told that trading gold was VERY EASY. We JUST BUY AND HOLD and repeat. And yeah, for some reasons i just say yes and yes. " Sir ... if you buy gold even if you have floating loss you just keep it for a day or two price will go up again and you will close it in profit.... Until i bought the gold at it's very peak and kept it until i blew up my second 100K account. SECOND BOOM!!!.
Since then i decided to stop trading and back to my regular daily live, building houses, groceries stores, looking after my wife and kids eat, sleep, smoke, and repeat. Because i thought this business is not the right for me
I have traveled half of this world and during my vacation in NEW YORK i met one guy at one of the most famous coffee shop. He was reading a book forex trading for dummies. I encourage my self to ask him if he was ever successful in this business and he said he was just getting started and been demoing for about six months and still unable to make a steady progress. ( I said to myself ... i will never will ).
I decided to take my own decision and think if i was too lazy to let someone to do the thinking and ended up blew up my account. So if i have to blow up another account ... well i better do it my mysel. LOL.
I then spent most of my time studying, reading, in front of the chart 18 hours a day i would be an expert (That's what i said to myself) And so I began to spend sometimes reading , reading and reading stumbled upon FF and other forum. Talk to what's so called expert. Follow online and offline trader's courses and drawn myself in this business again. Without demoing and as an " i thought i am an expert ". I trade about 20s trades daily, always stare at the chart since i woke up until i sleep. sometimes even sleep in front of the computer. That's what i thought it would take to be and expert and successful in this business. Until i blew up my another account. F&*K
THE TURN AROUND
Even though it's a little late. I started to look back and wondering what was wrong with me in this business. I have more than enough money to start, i have great indicators, i spent most of my time studying the chart, i read so many and many articles anywhere. I found out that i did exactly what it take to be BROKE. Until i apply the next chapter in my trading live as the summary or essence from whatever i have learnt.
GREAT WARS REQUIRES THE RIGHT WEAPONS
Just like entering a war. If you have an underwater battle you won't use a motorcyle instead an oxygen tank is a must and a knife would do the killing. If you have a jungle war you won't use an oxygen tank instead a gun like RAMBO would win the battle.
The same thing i apply to this business.
We need to Analyze the market condition and get ready with our weapons so we can win the battle and get away with pips and $$$ in our account.
ANALYZING THE MARKET WITH FUNDAMENTAL BACKGROUND
Just like driving a car. Fundamental backgrounds such as political situation, countries public data release, important people speeches, meeting etc. They tend to shape the FUTURE of the price. Therefore we have to put this Fundamental analysis before we even open our chart or worse jump into trade.
ANALYZING THE MARKET WITH TECHNICAL BACKGROUND
I am REALLY REALLY not a fan of fancy indicators that give a colurful Reinbrandt, Picasso or Leonardo da Vinci chart. They merely just do nothing but a broken compass. The chart itself give us all we need.
There are tools that are very useful in helping my trades such as Price Info, Sesion time or clock and daily range. Files are attached.
FUNDAMENTAL AND TECHNICAL COMBINATION
After identifying a fundamental background that we can use as our ground rules of entry, we need to look for the best entry with the best RR and Good WINNING RATE. Look as technical study we look at the chart and decided if the CURRENT MARKET is still giving us the best entry position possible.
Let's start with live example's along the way
Here are some of the tools
For the RSS LIVE FEEDER please subscribe then the link will be given for free.
Attached File(s)
Auto SLTP ronz_auto_sl_n_tp.mq4
4 KB
|
256 downloads
|
Uploaded Apr 20, 2015 9:08pm
Information.mq4
40 KB
|
258 downloads
|
Uploaded Apr 20, 2015 9:08pm
goblok view.ex4
26 KB
|
241 downloads
|
Uploaded Apr 20, 2015 9:09pm
Risk Less Gain More, Trade Less Make More