Finally

1 thing I reallize, doing nothing and just watching price moving in favor with your analysis is very though job. My mental persuade my itchy hand to post a trade. At last I lost in the tug of war between picky and happy trigger trade. The result was I lost! Hahahahaha.

Today I see an A++ set up on EJ, AJ, NJ, and A-- set up on EU and NU pairs. All of it has confluence which I like so, I just NIKE! Here is the charts, whatch and enjoy.

It's boringggggggggg.....

No trade taken since last Monday trade. From now on my trading approach will be extra picky but not conservatively, so no more 2ohrs system update. No more happy trigger but more on waiting the very high probability trade set up. Good set up doesnt come frequent. This will help to reduce my number of trade which I think is my main issue right now. Overtrade will kill my acc growth and doesnt benefit me in the long run. Anyway I'll continue to trade the "breaking rules day" as usual coz it proven profitable so far. O.k enough rant back to trading.

O.k. see ya at the next grade a+++ set up otherwise I just sit tight on my hand and wacthing. This waiting game for sure will be very long and verrrryyyyyyyyy- verrryyyyyy borinnnnnnnnnnnngggg but I dont mind waiting.

Tokwanden
is waiting......

Back to Basic

My trading performance for the past few week not very well. I look back and question myself, "what did I do wrong?". I dint get the answer until I spoke to Wakli. He nailed me in my head. It hurts. Thanks Wakli for speaking the truth otherwise I dont realize that I'm losing direction in my dreaming. Hahahaha.

O.k. Let start a fresh! What I mean is let start to get back to basic a fresh. Here is a few set up that I'm eying hawkishly for next week. I have 4 pairs that I classified it as must trade set up. I grade it as A+ set up.

1. CHF/JPY
2. Geppy
3. GBP/CHF
4. UCAD

All 4 have the confluence that I'm loking for.

1. PA and in this case 2 BEOB 2PB all on weekly TF.
2. 50/61% fibo retr
3. PPZ/S&R
4. Etc....

Check the chart out... Again the question is will it work? Again the answer is, I dont know! Let check it out! Eh...next week. Hehehehehe.

I'm waiting (with patiently)

Not much action for me this week. Actually I'm busy demoing the 20hr bar/candle on 4hr TF. So far so good especially for trending pair. So, I learn another new tips for that system. It's best during trending situation!

Hmm, just for update. I'm going to fund my IBFX acc today. Starting capital USD1k. Usd1k in IBFX is enough to have 2 mini lot at the same time. There is a lotof oppurtunity but my small acc at Oanda doesnt allowed me to take the position. But I'm still maintaining the acc and the mission continues.

Pi mai Pi mai tang tu/ What goes around turn around

Yesterday GCHF short was superb. My target 61.8% fibo reached. Today/this morning I managed to cacth/long Cable aka GU 45pips through 20hrs bar/candle on 4hr TF system. So total gain yesterday +255 plus today +45 should be 300pips. Wow! excellent! I should be millionnare in coming year. Hehehehehe but wait! Pls hang on there buddy. Not so fast!

I just telling you the good story. How about the bad one. What? There is a bad one?
Yes! There is the bad one! I did a mistake! Poor you Tokwanden. What did you do? I short EJ without confirmation which is wait for the price to break the previous bar in this case was Sunday Bar

As I mention on my earlier post, Monday is my "breaking rule day", just and only Monday. But the rules is dont break the rules of "breaking rule day". Sound complicated? Never mind is not for you to worry about..

Huh! Even the "breaking rules systems" has a rules to follow. Lesson of the story is, DONT BREAK THE RULES. ( fyi my account now is usd441 an additonal usd70)

So far so good. My GCHF look great. I'm thinking to take the profit at 61.8% fibo. 260pips from my entry. My EGBP po buy dint get filled. Not enough money I guess. Heheheehe. I place PO buy at 0.9010 with 1 mini lot. Not my rezki. Anyway Alhamdulillah. It's a good start for this week unlike last week...Here is the chart enjoy!

It's monday!/ Isnin datang lagi!

Hahaha Isnin datang lagi. Apa lagi jom trade Sunday bar! Aku cuma ambil 1 pair jer hari nih. GCHF. Napa aku amik pair pelik nih? Napa tak amik pair lain? Apa istimewa pair nih? Tak ada istimewa nyer. Saja jer aku amik pair pelik nih. Salah satu sebab ialah dia nye location. Kalo tengok dia nye pattern cam continuation pattern jer. Itu jer sebabnye.

Lagipong takble main pair banyak beb sebab akaun aku dah susut jadi 370usd. Mulai hari nih aku main 1 lot mini penuh. Peluang untuk ke parit memang cerah kalo dia again aku. Aku nak citer panjang2 tak dek idea nih lagipong aku ada urusan keluarga yang perlu diselesaikan. Cau cin cau.

Chart nyer aku update kemudian..

At 1st I thought today I would talked about my 5/15 mnts scalping system (still demoing) but since my entry today base on 4hrs TF I'll skip that and will do it some other time. Here is another system which I still demoing to see it's effectiveness before I keep it as one of my simple but lethal trading arsenal. This system I developed with helping from my fellow trader, Wakli and Cappalz. Both of them are good traders. They are active contibutor in Forex Factory Forum (FF) under Malaysia thread. I'm not really try heck out of this strategy but so far the effectiveness of this system win to loss ratio is 70:30 %. Not bad huh!, if you look at how simple it is.

Look at the EU chart I posted as an example. The entry is at 20hr chrt (always 20hrs on 4hrs TF) marked with red arrow. PO 20pips higher and lower of the bar/candle. Dont forget the SL also 20 pips at the low and high of the previous bar. Why is always 20 pips? It's to avoid fake breakout/whipsaw/spike.

Nah! I have the entry today. Will it be the trade of the week? Let the market decide. (I've a few entrys other than above post chart)

Will history repeat?

Puas dok cari2 set up yang cun hari nih, hehehe dapat la 1 iautu Loonie aka Ucad. Aku kategorykan set up nih sebagai A-. Pasal set up nih cuma ada 2 conffluences jer. Ini yang dikatakan tak da koje cari koje. Tak sempat nak tumbuh janggut aku. Hahahahahaha..

Sebab aku nak ambil trade set up nih pasal dia punya location kat swing high + rejection of S&R dan PA iaitu Two Bar High Lower Close aka TBH. Jadi macam biasa la PO bawah 20 pips dan SL atas previous bar high. Banyak tuh dia nye SL, dkat2 300pips wooooo. Target pon lebih kurang sama banyak kat S&R round number red horizontal line (1.2400). R:R dia 1 to 1. O.K. lah tu!

Kalo trade Higher TF memang tak banyak set up kuar. Once a week sometime none. Jadi nak menghilangkan kebosanan tahap gaban nih aku practice aku nye scalping system. Nanti aku citer aku nye scalping system.

Berbalik pada set up Loonie tadi, cuba tengok kat chart tuh! Ko nampak tak? Setiap kali price touch jer zone S&R tuh dia drop balik. Aha! Jadi adakah sejarah akan berulang? Heheheh aku mana tahu!

Setup

Semalam aku tak trade. Takda setup cun yang aku nampak. Tapi kalo aku tengok cermat2 memang ada setup cun. Pair yang setup cun semalam ialah GJ/Geppy dan UCAD/Loonie.

GJ yang paling cun sebab ada 4 confluences. Fibo + PA + S&R dan Round number. Macam yang aku dah beritahu sebelum nih, kalo empat2 nih bertemu, probability for successful trade is very high. Mari kita tengok GJ,

1. Fibo retracement 38%
2. PA iaitu Inside bar aka IB
3. S&R (red horizontal line)
4. Round number (in this case, : 136.00)

How to trade this setup? Cuba tengok setup nih. Fibo retracement 38% betol2 kat S&R pada nombor genap dan ada PA kat situ. Cuba tengok berapa pips dia pegi lepas dia break IB tuh? 200+ pips tuh aaaaaaaaaaarrrrrrrrrrrrrrggggggggggggghhhhhhhhh!!!!!!!! Inilah setup yang cun yang aku tunggu2 tapi bila dia ada, depan mata biasanya terlepas.

Set up grade A+++ macam nih bukan datang selalu. Berjanggut lagi la aku nampak nye.. Hehehehe...

Today I manage to long EU, EJ, E/CHF, and short loonie. All profit except loonie -69pips. Total gain for today +500pipps which equal to 50usd (I trade micro lot). Hmm, not bad after big drawdown yesterday. Sorry! dont have the opportunity to post the chart this morning. So total balance in acc is 410usd.

O.k as promise on my earlier post, I'll reveal my Monday " breaking rules day" trade. I'll post a chart as picture says thousand words. Fyi this how I built my previous 3rd 350usd (originally 3000usd) live acc( for those who follow my post in Forex Factory (FF) know this story).

Unlike my conservative trading way which I call method but this is what I consider it as a trading system ( I've a few trading system which I'll explain as the conservation/blog going along).
This system is base on daily TF. O.K. Have a look at the arrow marking bar/candle, this is what we call Sunday bar/candle. Pls note that not all data feed have this bar. I used IBFX for this purpose only. Professional trader din't trade this bar because it's only represent very short time of trading activity. But I do trade this bar with successful of course. How I trade it? Simple! I just PO 20pips higher and lower of the bar/candle. Stop loss aka SL is also 20pips high and low of the bar/candle. Is there a possibility that I get spike/whipsaw and both PO get filled? Yes! It happen many time and I accept the lost but so far the % of win is more than loss. Hey c'mmon nothing is certain in this risky bussines. After all it only probability.

Why I love this Sunday bar/candle is because the R/R. Sometime the risk is so little but the ride could be the whole week. Check the chart out!

Ke Parit Kita Oii

Pergh! Total gain for yesterday trade was bleeding -160. Agak besar drawdown untuk akaun 500usd. Jadinya dalam akaun tinggal 340usd.

O.k. lah biar teman citer sikit pasal strategy nih. Akunya trading mostly base on higher Time Frame (TF). Start from Monthly down to Weekly, Daily and 4hrs sometime/rarely I look down in to 1hr. Macam yang aku mention dalam 1st post, trade aku base on PA, SR, Fibo confluences, kalo tak ada 3 nih aku akan skip trade biarlah semingguke waima sebulan pon akan kutunggu dengan sabar (cheeewah).

Tapi hari Isnin aku trade special sikit ( nantilah aku citer pasal strategy trade hari Isnin nih). Hari Isnin aku declare sebagai hari " breaking rule day". Aku akan langgar suma aku nye conservative trading rule just to trade this special day. Tapi semalam aku dah langgar akunye trading rule untuk "hari melaggar peraturan". Maknaya dua kali langgar, hah! Akibatnya kaboom ke parit/longkang la aku. Hahahahahahaha padan muka aku..

Agak sibuk tul pagi nih, campur ngan mengantuk baru nih ada kesempatan nak update. So far 2 po untuk 2 pair dah sangkut. GBP/USD alias GU alias Cable dan USD/CAD alias UCAD alias Loonie.

Ada lagi 5 pairs yang belum sangkut PO. Ada GBP/JPY alias Geppy alias GJ, EUR/JPY alias EJ, USD/CHF alias Swissy, EUR/CHF dan last sekali EUR/USD alias Euro alias EU.

Pengenalan

Blog nih aku dedicatekan untuk aku nya trading bisnes lebih kurang cam jurnal gak la. Ahh! tak yah prakata lah, leceh tol, aku bukan nak promote kat orang pon. Aku cuma nak keep track aku nya trading process jer. Boleh gak aku refer di kemudian hari. Tapi aku jugak akan citer lain daripada isu2 trading. Aku punya sukala, aku punya blog.

Aku memorex ada la kat 1 tahun lebih. Tak da la lama manapun. Ah! membebel lagi, enough rant! O.k Let start.

500 to 10k, Is't too ambitious hah? Can it be done? I dont know, let see if it can be done. Aku akan mulakan ngan modal 5oousd. Aku ada dua live acc, satu kat Oanda dan satu lagi kat IBFX. Kat Oanda aku dah fund 500usd, IBFX aku akan wire 500usd hari Isnin nih (2/march/2009). Jadinya trading jurnal aku bermula pada Isnin nih kat akaun Oanda dulu (2/march/2009). Tak ada jangkamasa aku tetapkan. Aku punya sukala, aku punya akaun.

Aku akan cuba postkan akunya chart kat sini (kalau bolelah, pasal aku bukannye reti sangat pon pasal komputer2 nih) kalo aku rajin aku citer sebab2 aku masuk trade tuh! ( rasanya aku memang kena citer pun untuk renungan/rujukan sendiri di masa hadapan) Trade dan chart aku postkan lepas aku ambik position tuh untuk mengelakkan ianya jadi trade call. Aku tak buat trade call. Kalo ada sapa2 yang gatal ikut, lepas tuh kaboooom ke longkang, nasib korang la.

Aku nye trading strategy simple jer (as it/trading should be). Sebab nye, Simplicity work! Go figure! Aku nih naked trader, aku trade Price Action aka PA with clean chart. Indicator yang aku gunakan hanyalah Support and Resistant aka S/R di confluencekan ngan Fibonachi aka Fibo. Tang system (kalo bole dikatakan system la....aku lebih suka dipanggil method) aku akan explainkan secara berperingkat2. Aku tak akan sentuh bab Money Management aka MM.

Aku akan update aku nye acc statement dari masa ke semasa. Yelah, mestila nak tahu kan ada untung ka rugi, berjaya ke tidak mission aku.

Dalam pada itu kalo ada sapa2 nak berdiskusi ke, sembang2 forex ke, terjah jer. Kalo nak komen apa2, komen saja tapi jangan puji2an sebab aku memang geli/alergik ngan puji2an (puji2an hanya untuk Allah s.w.t). Kalo nak hentam, ko hentam tapi bahasa mau jaga haaaaa....