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....