9xxx6 progress 16/11/07

profit factor

This value is the profit generated by profitable trades divided by the losses generated by losing trades. A value of 2 would indicate that twice as much money was made from winning trades than was lost from losing trades. Higher values indicate less risk.

my trade using my own version of Bless technique 71109

November 2007
start balance 104241.
end balance 108441 - 109530.
total November 2007 gross profit 10953.
withdrawn 5000, balance profit 5953.

my trade using my own version of Bless technique 71105

typical monday, small movement, not much news.

November 2007
start balance 104241.
end balance 108441 - 109362.
total November 2007 gross profit 4200 - 5122.

my trade using my own version of Bless technique 71102

November 2007
start balance 104241.
end balance 108441.
total November 2007 gross profit 4200.

my trade using my own version of Bless technique 71101a

my trade using my own version of Bless technique 711 01

eu retreat to 1.4400 area, expect another shot towards 1.4500 during NFP.

my trade using my own version of Bless technique 710 29

some stop losses were hit as expected.

my trade using my own version of Blessing Strategy 710 week 4

eur/usd ahead of fomc 29/10/07

........the Euro might consolidate some of its gains and this would be for a totally different reason. As the market is turning its focus toward the Fed meeting on next Monday, there should be some waves of profit taking as Euro bulls might liquidate some of their positions to adjust ahead of the rate decision.

potentially true, risk is still to the upside.

my trade using my own version of Blessing Strategy 71025

uptrend or downtrend

market tengah uptrend ke downtrend? TF mana yang nak dirujuk? H1 tunjuk down, H4 tunjuk up. Trend boleh berubah bila-bila masa. News boleh beri kesan kuat pada trend.

Siapa boleh predict trend? Ramai, tapi tak mungkin 100% tepat. Majoriti 70-80% ketepatan. 20-30% error boleh loss juga.

my trade using my own version of Blessing Strategy 71024

market ranging, H1 & H4 awalnya menunjukkan slow down up. jangkaan naik, tapi turun lepas news usd 10pm.

stop loss

berapa setting stop loss anda? 15 pip ? 30 pip ?

buy eur/usd @ 1.4222 0.1lot , take profit 1.4282, stop loss = ?

berapa kerap stop loss hit?

dikatakan ada broker sering ada "spike palsu" untuk hit stop loss

my trade using my own version of Blessing Strategy 71023

eu turun dari 1.4346 ke 1.4137, lebih kurang 200 pip tanpa sebab yang kuat, tapi kemungkinan besar untuk menurunkan harga minyak dari terus naik.

blessX ver710 12 trades disediakan dengan kira-kira untuk bertahan sehingga 200 pip.

sell/short/bid ke buy/long/ask ?

"traders" look for a "trading system" comprised of Indicators. Indicators are lagging and will NOT make you money in a ranging market which happens to be 70% of the time. So many systems are based on the 4hr chart. Do you know how many pips the market can move in 4 hours? By the time you get into a trade the big dogs are ready to take profit. That only leaves you with a small gain and sometimes even a loss. (petikan forex factory)

I certainly agree with parts (not all) of that comment.

Trading menggunakan EA Expert Advisor

EA atau Expert Advisor adalah program yang menjalankan trading mengikut setting yang telah ditetapkan di dalamnya. Biasanya condition tertentu telah diprogramkan untuk EA membuka trade dan biasanya take profit, stop loss dan lain-lain ciri telah dimasukkan.

Menjalankan trading secara automatik menjadikan EA sebagai robot yang menjadi pembantu.

Kelebihan EA ialah ia berdisiplin dan cekap dalam menjalankan trading. Bagaimanapun kejayaan EA bergantung juga kepada strategy yang ditanamkan didalamnya.

my trade using my own version of Blessing Strategy 71022

my favourite trading strategy - Blessing

Blessing strategy is basically buy and sell same pair at the same time. This strategy is basically start as hedging.

example:
buy eur/usd at 1.3400 tp 20 pip
sell eur/usd at 1.3400 tp 20 pip

if price goes up to 1.3420, buy is closed, new sell open with diffrent lot size (multilot). new buy is also opened.

This is a very profitable strategy but also very high risk and high margin consumption, but almost a complete strategy which is more suitable for fulltime traders.

common trading strategy

1. swing
2. hedging
3. scalping
4. retracement/correction
5. multilot

swing
entry normally based on trend. moving average lines are used as a guide for trend.

hedging
buy and sell same pairs or
buy and sell different pairs and trades closed when profit is more than loss

scalping
enter and close trade for small number of pips normally between 5-10 pips

retracement/correction
enter trade after big/fast move. if market is up fast, sell is entered when the upwards move slowed down

multilot
different lot size entries

Risk Warning

High Risk Investment

Margined Currency Trading is one of the riskiest forms of investment available in the financial markets and is only suitable for sophisticated individuals and institutions. An account with xxxxFX permits you to trade foreign currencies on a highly leveraged basis (up to approximately 50 times your account equity). In a standard account an initial deposit of $1,000 will enable the account holder to take a maximum position of $100,000 market value. (Please note that the minimum required to open an account is $2,500 for a standard account and $250 for a mini).

The funds in an account trading at maximum leverage can be completely lost, if the position(s) held in the account has a one percent swing in value. Theoretically, an account could lose more than the equity it contains, if the account is trading at maximum leverage and positions held in the account swing more than one percent in value. Given the possibility of losing one's entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that if lost will not significantly effect one's personal or institution's financial well beings.