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Alhafiz Yazid
Almost hit 192 TakeProfit! The Power of SBR.
· 4
Alhafiz Yazid
2015.02.27
Alhamdulillah hit TakeProfit 192pipssssssss!
Alhafiz Yazid
Re-quote from Zaimi Yazid
Credit to him;)
1.Trading is not a get rich quick scheme; it is a normal investment that gets you return on capital.
Did you ever hear of a trader making 100% percent return per month on a consistent basis? If you did, did you see a proof of that?
Trading professionally with proper money management would likely get you a return of few percents a month, from my personal experience a 3-5% return on capital per month is a very realistic number, and could be the ultimate target for any successful trader...
So if you’re that kind of person who wants to “make a killing” trading please reconsider your expectations.
2. You should be well-capitalized. Small accounts will probably burn you.
This point is really correlated to the first one, let me illustrate by an example:
Suppose that you have a 30k trading account, according to the 3-5 percent return per month rule; that would give you 1000-$1500 return per month, which is relatively a very good number.
Now let’s assume that you have a 5k account, according to the 3-5 percent return per month rule, which would return 150-$250 per month.
In the 5k case, the return would likely be not-satisfying for someone looking to trade for living and for a consistent income. Would it be for you?
Wouldn't you take more risk to increase that return, and break your money management rules to make better return? I think you would.. It's a complete psychological game...
3.Technical Analysis doesn’t work all the time, assumption we make will always have a percentage of failure. The main goal is to keep you risk limited, and your targets bigger than your risk to make consistent profit on the long run.
4.Trading is not about forecasting the market, do not try to be smart and always forecast where markets are headed. What a trader does is, wait for the market to GIVE him certain conditions that validates a trade. (Don’t trade under the market rules, trade under your rules). Do you feel sometimes that your lost and don’t know what to do ? its probably because of this, This is very important, and the avoids you from getting lost in the process..
5. If you did use stop loss on your trades within the past year, but you didn't and took excessive risk only on one trade, this single trade might wipe out all of the profits you gained through the year.
How many times, did you ignore your stop loss convincing your self that you will close at better price, and guess what it may have worked sometimes, but what if the price goes against you more and more, would you mentally strong and able to close at a bigger loss? Or you probably won’t, and end up with a margin call.
6. Don’t over analyze, over analysis and complicating your tools will lead to confusion and not necessarily efficient.
7. Ignore your bias, trades require technical evidence 3,4 or 5 conditions that occur at the same time making you enter a trade.
8. Always use a top to down analysis approach, from the higher time frame to the lower time frame, because the higher the time frame the more strong and invulnerable the trend is, and the more strong and invulnerable the support and resistance levels are.
9. Trading setups that occur within the context of the trend usually turn more profitable than those against the trend.
10. Don’t give up when you encounter a losing streak, yeah it can go up to 10 losing trades… don’t worry it’s normal in trading.
Hope you found it useful and enjoyable... If you have points that you would add to this, I would be happy to hear them, please comment and discuss..
Credit to him;)
1.Trading is not a get rich quick scheme; it is a normal investment that gets you return on capital.
Did you ever hear of a trader making 100% percent return per month on a consistent basis? If you did, did you see a proof of that?
Trading professionally with proper money management would likely get you a return of few percents a month, from my personal experience a 3-5% return on capital per month is a very realistic number, and could be the ultimate target for any successful trader...
So if you’re that kind of person who wants to “make a killing” trading please reconsider your expectations.
2. You should be well-capitalized. Small accounts will probably burn you.
This point is really correlated to the first one, let me illustrate by an example:
Suppose that you have a 30k trading account, according to the 3-5 percent return per month rule; that would give you 1000-$1500 return per month, which is relatively a very good number.
Now let’s assume that you have a 5k account, according to the 3-5 percent return per month rule, which would return 150-$250 per month.
In the 5k case, the return would likely be not-satisfying for someone looking to trade for living and for a consistent income. Would it be for you?
Wouldn't you take more risk to increase that return, and break your money management rules to make better return? I think you would.. It's a complete psychological game...
3.Technical Analysis doesn’t work all the time, assumption we make will always have a percentage of failure. The main goal is to keep you risk limited, and your targets bigger than your risk to make consistent profit on the long run.
4.Trading is not about forecasting the market, do not try to be smart and always forecast where markets are headed. What a trader does is, wait for the market to GIVE him certain conditions that validates a trade. (Don’t trade under the market rules, trade under your rules). Do you feel sometimes that your lost and don’t know what to do ? its probably because of this, This is very important, and the avoids you from getting lost in the process..
5. If you did use stop loss on your trades within the past year, but you didn't and took excessive risk only on one trade, this single trade might wipe out all of the profits you gained through the year.
How many times, did you ignore your stop loss convincing your self that you will close at better price, and guess what it may have worked sometimes, but what if the price goes against you more and more, would you mentally strong and able to close at a bigger loss? Or you probably won’t, and end up with a margin call.
6. Don’t over analyze, over analysis and complicating your tools will lead to confusion and not necessarily efficient.
7. Ignore your bias, trades require technical evidence 3,4 or 5 conditions that occur at the same time making you enter a trade.
8. Always use a top to down analysis approach, from the higher time frame to the lower time frame, because the higher the time frame the more strong and invulnerable the trend is, and the more strong and invulnerable the support and resistance levels are.
9. Trading setups that occur within the context of the trend usually turn more profitable than those against the trend.
10. Don’t give up when you encounter a losing streak, yeah it can go up to 10 losing trades… don’t worry it’s normal in trading.
Hope you found it useful and enjoyable... If you have points that you would add to this, I would be happy to hear them, please comment and discuss..
· 4
Alhafiz Yazid
Kiwi again~~"With “neckline”, 55-day average and 61.8% retracement resistance at .7608/34 just above,im try to sell for medium-term downtrend to try to resume.
· 5
Alhafiz Yazid
The best signal to subscribe for your business:
https://www.mql5.com/en/signals/81702
https://www.mql5.com/en/signals/81702
· 5
Alhafiz Yazid
Kiwi-pls take notes that NZDUSD continues its rally, taking out the 50% retracement resistance at .7533.
Me.prefer favor Long;)
Me.prefer favor Long;)
· 5
Alhafiz Yazid
Attention!!!
GBPUSD has found solid buying interest at “neckline” support at 1.5197/80 and has surged higher to break above trendline, 50% retracement and falling 55-day average resistance at 1.5345/89.
GBPUSD has found solid buying interest at “neckline” support at 1.5197/80 and has surged higher to break above trendline, 50% retracement and falling 55-day average resistance at 1.5345/89.
· 6
Alhafiz Yazid
Eurgbp
stay bearish and expect an eventual break lower. Below .7371 aims at .7320 next,
stay bearish and expect an eventual break lower. Below .7371 aims at .7320 next,
· 7
Alhafiz Yazid
The best signal to subscribe for your business:
https://www.mql5.com/en/signals/81702
https://www.mql5.com/en/signals/81702
· 5
Alhafiz Yazid
Cable continues to hold above “neckline” support at 1.5197 and this leaves the base intact and the focus on trendline, 50% retracement level and falling 55-day average resistance at 1.5348/89.
· 5
Alhafiz Yazid
NZDUSD remains capped below the price and 38.2% retracement barrier at .7450, and a break above here is needed to see strength for .7496 at first, followed by a challenge of trendline and 50% retracement resistance at .7521/33,short at 0.744.
· 8
Alhafiz Yazid
Hi traders,im tryin to short AudUsd Short at 0.795
– The next major levels of support come in around 0.73 including the long-term trendline as well as horizontal support from 2005-2006 and January 2009 – The long-term head and shoulders targets 0.60, which was also the 2008 low
– The next major levels of support come in around 0.73 including the long-term trendline as well as horizontal support from 2005-2006 and January 2009 – The long-term head and shoulders targets 0.60, which was also the 2008 low
· 6
Alhafiz Yazid
KIWI
1- While the market continues to price in a nearly 65% probability of a rate hike in NZ in 2015, seen the RBNZ on hold for the rest of the year. With global disinflationary currents at the fore of market concerns and NZ CPI already down to the bottom-end of the target range at 1%y, we see the risk of rate expectations being priced out, especially if inflation later this month prints weaker than expectations.
2- Strong US payrolls data would also result in a spike in US yields, supporting this trade.
3- Keep being short this pair, with a key risk being soft US data which would weaken the USD.
1- While the market continues to price in a nearly 65% probability of a rate hike in NZ in 2015, seen the RBNZ on hold for the rest of the year. With global disinflationary currents at the fore of market concerns and NZ CPI already down to the bottom-end of the target range at 1%y, we see the risk of rate expectations being priced out, especially if inflation later this month prints weaker than expectations.
2- Strong US payrolls data would also result in a spike in US yields, supporting this trade.
3- Keep being short this pair, with a key risk being soft US data which would weaken the USD.
· 4
Alhafiz Yazid
I think we should not enter a trade when the cut loss level is above your affordability. It is safer to pass those trades. So, please remember this two points, Cut Loss & Affordability when you choose to trade.
Happy trading…
Happy trading…
· 5
Alhafiz Yazid
Where to start?
Start your first business this way:Begin with the smallest possible project in which someone will pay you money to solve problem they know they have.Charge less then its worth and more than it cost you
Then,just repeat and repeat.
Keep and grow.
You don't have to wait for perfect or large or revered or amazing.
You can start now.
Visit here for more exciting signal stuffs>>
https://www.mql5.com/en/signals/81702 ;)
Start your first business this way:Begin with the smallest possible project in which someone will pay you money to solve problem they know they have.Charge less then its worth and more than it cost you
Then,just repeat and repeat.
Keep and grow.
You don't have to wait for perfect or large or revered or amazing.
You can start now.
Visit here for more exciting signal stuffs>>
https://www.mql5.com/en/signals/81702 ;)
· 5
Alhafiz Yazid
.."successful attempts on the 1.2500 resistance level goes the outlook for EUR/USD forward to positive, foward 1.2600"..
· 4
Alhafiz Yazid
Slow market movement on a fast PC and connection:p
· 5
Cornelis Duiker
2014.12.16
That actually a poor connection. In the outback of Australia we get 3MB, in Melbourne I have friends over 100MB/s, and in Belgium at home I get standard ADSL at 32MB down/ 6MB up. You should talk to your service provider.