Roped in my property agent bro, tkk, to check out fx trading and to test the strategies since he has more free time to manage.
I deleted the demo accounts leaving 1 with 1000usd for testing purposes and going live on the other.
Plan
10pips/day
scalping at 5M and 15M
SL 5-10pips
I read on currency trader that that's a seasonal pattern in the market. so far there's a 75% accuracy, that the EUR wekened vs the US in January.
We'll see how.
xmas wei`
1:30 PM
Sunday, December 06, 2009
The next 23 trades after the first 10.
78%winning rate, with that it's a 110% profit using the $5000 starting capital in the first week.
notice i was trading in and out on 2nd dec, coz i spotted a 50% retractment.
Didn't use much of stop loss as i normally let the profits run. else stop loss at 20 - 40 pips in terms of 5 digits. The last trade of 200pips came when i tried my hands trading on daily candlestick only, a reversal and left it till the next day.
I need to be more patience, and not let greed get the better of me...
pip wei...
11:08 PM
Wednesday, December 02, 2009
After readings and testing of platforms and busting of 1 1/2 accounts (fxdd and oanda). I made a new Alpari UK at the beginning of dec after exchanging sms with zc. Didn't stick to my plan of 10pips a day, Alpari is using the 5 numbers unlike the previous 2 accounts i had which uses 4, not too sure whether it matters but it seems that things runs even faster and it's spread is rather high. Here are 10 trades i did with the account, mainly EURUSD and GBPUSD pairs.
4:54 PM
Wednesday, November 18, 2009
Kaya sun bathing.
So i finally developed the roll of film taken using monkey's FM2, rather nice contrast even without red filters.
been playing with MT4 platform for fx trading, 5 pips daily still ok.. but not 10... if only i have the time to trade all day.
meanwhile, looking at different trading strategies and indicators, and also a stop loss plan.
the plan is to get 100% profit with my cap of $1000 in 20days under 1:50 leverage.
and compounding it for 10mths to reach...
watched 2012.. for the 1st hour i thought i was watching indiana jones or playing crazy taxi or what Sega WRC racing... nonsense... :p
and eventually he save the world.. or rather.. china save the world...
so did anyone catch the leonid meteor shower yesterday?
cough. wei`.
X(
11:56 PM
Monday, October 26, 2009
Trashy...
life has been somewhat trashy for the first half of the year..
in what ris low would have put it.. it's shingz...
that kindof explain why i was away for blogging, to really sort things out.
spent too much time on market watch and trading.
though i did make decent profits on hobee and the recent jackpot transcu.
it made me realise the importance of knowing how to invest..
only money grows money....
some may say.. "of coz lah now uptrend close eye pick also profit"
but then again... like in a rat race... each rat run differently.. :D
i enjoy charting..
and the recent links which zc provided really got me more interested in foreign exchange.
but fx is not for the risk adverse, knowledge and proper risk management is real important.
there was one strategy which i came across was to pick up 5 pips for each trade and do it for 3-5 trades a day. and that'll dbl his money in 50 trades.
for now... i'll just trade in my demo account for fx...
rat picking.... wei`
8:26 PM
Monday, August 10, 2009
SUN
Went punngol marina with hj and his friend and friend's friends to wakeboard.. haha It's my 2nd time there, after 2 years.. lol
too much pilots... in the end we went out in 2 boats. i was with hj, sharon, and her bf, xavier.
ladies first. sharon being the more lao jiao wakeskated first. hj and xavier were first timers. wake skate is like wakeboard but without the securing leg holds, and is able to use it to do skateboarding tricks like kick flips..
with only 4 ppl on board, had more riding time compared to the last time i came. and wakeboarding is still FUN!~ i tried wake skate too.. and it's cool!~ more control, and i feel i'm really riding the waves!~ whee.~ i'm going to attempt jumps the next time.. muhaha.
no pics, i brought my vivi with red filter, but have to wait till i develop the rolls.
******************************************************** [ What do you see? ]
i didn't catch the parade this year.
was out after to watch the charity sheild match -- man u vs chelsea
my youngest cousin