Luckily....since the start of this month ( June ) things changed for the better. Kena 4D on Wednesday....total $650, also not bad. Then for forex....made back more than 100% of my initial capital for just 3 days of trading.
On Tuesday....focus on EUR/USD and EUR/GBP pairs and today....just focus on USD/JYP
pair. Yes, fool around with USD/CHF and AUD/USD too but didn't do well for both so end up closed the positions and just focus on the major pairs. On Wed....also traded
the EUR/USD and EUR/GBP pairs....won some "kopi" money. Really made me "confidence"
about trading the forex. How is do it? Frankly....I just follow the guide from MF Global Forex team and traded with my gut feel. Whacked the whole lot included the leverage of 1x50 for the 3hrs-core trades. Within....that time frame, got profit of over 20 to 30%. The beautiful thing....was the almost perfect timing of closing the trades, all my traded pairs dropped within minutes of my closing. SUPER...."swee" same for today. Enter the USD/JPY ( long ) at around 12+pm.....and continue to add position until max out and I closed most of my major trades by 6pm. In the morning...entered USD/AUD ( long ) and USD/CHF ( short ) and after I closed the position....both went the other way round. The timing was off....so just managed to make some "kopi" money.
Btw....I started with forex after attending classes at FXDS for 8 weeks on Oct 09 but somehow I just couldn't get the hang of trading. Lost half my capital till end of May.....and within 3 "good days", got back what I lost plus 10+% for suffering haha. My capital was US$5K with Onada. Now....I am confident of my trading using my gut feel of things plus the trading analysis from MFG. Hope my luck hold out long enough haha.
OK....something about my style for trading forex. I will start with 20% then slowly build up my positions. I will add position if my initial trade shows negative result within 10 mins of opening trade. Will continue till it show a position return. But for today's trade....I start off with 50% and added the balance within a couple of mins when it shows a positive result ( meaning the call from MFG was right ). Then as and when the pips accumulated....and the margin allowed for further adding of positions....I kept on adding.
Near the end....I saw that what I added started to stay negative, I closed all the major positions except the newly added ones ( smaller positions so it is fine with me to hold out ).
On Monday....it was different. I started out with 2 pairs EUR/USD and EUR/GBP. My EUR/USD immediately show good results....but my EUR/GBP "tanked". After 15 mins, again added one position each for both. Again....show the same result. After 1+hr of trading....the EUR/USD were showing a gain of over 100 pips while the EUR/GBP was the other way round....minus of over 100 pips. Max out all my capital plus leverage
for both pairs.
Then another 1hr passed....EUR/USD were showing well over 170 pips gain while the other pair was down by 120+ pips. So fed-up....closed my EUR/USD pair and put all the money on EUR/GBP pair. After a couple of hours later....it shot up!!! swee swee
and it was show a nice gain of 150+ pips. My eyes....were so tired at looking at the pc. And after my Korean drama ended at 10pm....I closed all positions. Bagged 1+K for that....2 pairs. Oh....earlier in the day, already bagged close to $500+ for just trading EUR/USD pair.
What I meant by "kopi" money....anything from one to two hundreds dollars hehe. Anything less....I don't want to mention. Frankly....maybe I was lucky with my trades these few days. I hope to continue....by not losing "big" money for the whole month of June then...I can safely say that my gut feel is "okay" for trading forex. If not....it is back to the drawing board ( in this case....back to more training classes ).
Oh....another thing that I found out is "trading discipline", must die die
stick to the trading plan for the day plus only enter trade within a certain set-up. If that is not met....no trade if already open position and it shows negative or wrong direction, immediately closed trade and called it a day. ( no more trade for that day ). Go swimming, feeding fish, sauna, gym...and do other errands but no more looking at the pc. Same for stock trading too.
Guessed...after getting burnt by the stock and forex market and with what are happening at the moment. Best to lay low and count my blessing for now....and prepare myself for whatever is happening and the future!
Thursday, June 03, 2010
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About Me
- wINtoTo N aLSo 4D...yEAh!
- tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.
2 comments:
Saw looking at the ad for forex classes about newbies making big money....yes! it can be done but it may not last for long. Unless that guy or gal is extremely lucky doing the tradings.
Yes....can made double the capital within days doing the same thing like I did ( keep on adding positions with the winning margins - max out all available capital/margin ). This is a huge gamble.
I will close all major postions if I started to see negative result for newly added position....oh, I am willing to hold out for 5 to 10 mins max depending how fast or volatile the market is.
Hope...my style is right. Any comment or advice?
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