Wednesday, December 30, 2009

||Forex Training - Risk Management||

How much should you trade from your free margin?

First of all, no more than 50%. I know that your free margin are not large amounts of money, so the only way to increase earnings is that you increase the amount put into the trade. Doing so and losing will only make it even harder to get back the money which you lost with whatever remaining margin. I Suggest the following stratergy to guage how much u are willing to risk.

Since we make average 100pips a week, u can double any percentage of your free margin. This is the percentage of your margin you would trade each time until u reach the 100pips for the week.

(For all examples, my free margin is $100)

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I want 20% returns every week (expecting $120 at the end of the week)

Trade 20% of $100 ($20) per trade for the week

Exponantial earnings for the month : $120 - $144 - $173 - $207

Risk - Low

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I want 40% returns every week (expecting $140 at the end of the week)

Trade 40% of $100 ($40) per trade for the week

Exponantial earnings for the month : $140 - $196 - $274 - $384

Risk - High

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The % you choose depends on the risk you are willing to take. You can choose any % from 20% to 50%, i do not recommend anything more than that. I myself use less than 10% (cause i have a larger margin duh)

Hope this helps and i expect to see a reduction in the amount of times you guys top-up your account because of insufficient margin




||Summary for Dec week 5 ||

We only traded 2 days this week, cause wednesday was a bad day to trade. And Thursday and Friday the markets will be closed for new year.

It has come to my attention that many of u have traded on wednesday and lost quite abit. So just be careful if u wanna trade yourself, ask me first on MSN about your stratergy.

I will be doing some money management / forex training posts to help you guys learn more about trading and analysing, so stay tuned.

Have a Happy new year!

Tuesday, December 29, 2009

Dec 29th || Tuesday || 9.37pm

Tips now :

Sell EURUSD @ 1.4430 or more

TP @ 1.4390


Status : Hit TP (+40pips)

Monday, December 28, 2009

Dec 28th || Monday || 9.17pm


Ascending triangle pattern indiacating uptrend after resistance break at 1.4417


Tips now :

Buy EURUSD @ 1.4410 or lower

TP @ 1.4460

SL @ 1.4360


Status : Manually closed at 8pm Tuesday (+40pips)

Thursday, December 24, 2009

|| Summary for Dec Week 4 ||

Hi guys, the market froze early for christmas, so we will only know the outcome of thursday's trade on the coming Monday.

Just a tip for all traders: A great stratergy would be to trade using my tips until u get 100pips for that week. And stop all other trades for the week. This way, your profits will be more consistent. However i will still post tips daily for those who have missed previous trades.

Example : this week, after monday and tuesday, you would hit 110 pips profit. So don't trade anymore for the week because it carries the risk of loss (wednesday) hence reducing your overall profits for the week.

See u guys on Monday, and happy holidays =)

24th Dec || Thursday || 10.27pm



Tips now :

Sell EURUSD @ 1.4360 -1.4370 or more

TP @ 1.4320


Status : Invalidated - Closed (+/- 0 pips)

Wednesday, December 23, 2009

Dec 23rd || Wednesday || 9.04pm

Tips now :

Sell EURUSD 1.4260 - 1.4280

TP @ 1.4220


Status : Closed Manually (-60pips)

Tuesday, December 22, 2009

Dec 22nd || Tuesday || 9:35PM




Tips now :

Sell EURUSD @ 1.4290 - 1.4330

TP @ 1.4240


Status : Hit TP (+60pips)

Monday, December 21, 2009

Dec 21st || Monday || 8:45pm


Most likely double top pattern there, with a bolinger bounce most likely in motion to test the low fibo level. Our TP is put at the 23.6% fibo level.

Tips now

Sell EURUSD @ 1.4350 or more

TP @ 1.4300

SL @ 1.4410

Status : Hit TP (+50pips)

Friday, December 18, 2009

|| Summary for Dec Week 3 ||

Its been a good half-week, making over 140 pips in profit in just 2 days.

I have decided that i will not post tips for Fridays, this is so that we do not suffer the roll over costs and trades may be invalidated when the new trading week starts on Monday. Anyway, Friday is a really bad day to trade forex.

All the best and have a nice weekend =D

Thursday, December 17, 2009

Dec 17th || Thursday || 10.23pm



Tips now :

Sell EURUSD @ 1.4340 - 1.4360 or more

TP @ 1.4278


Status : Hit TP (+90 pips)

Wednesday, December 16, 2009

Dec 16th || Wednesday || 11.20pm

Tips now :

Sell EURUSD @ 1.4575 or above

TP @ 1.4525


Status : Hit TP (+50 pips)

Friday, December 11, 2009

|| Summary for Dec Week 2 ||

This week has been a rather bad one compared to the many good weeks we had before. Lets hope this is the last bad week in many weeks to come.

I will be going off tmr to KL for 3 days. So I will start giving tips from Webnesday night.


Take care and have a great weekend.

Dec 11th || Friday || 7.32pm

Break of symmetrical triangle pattern upwards

Tips now :

BUY EURUSD @ 1.4770 or less

TP @ 1.4820

SL @ 1.4700


Status = hit sl (-70pips)

Wednesday, December 9, 2009

Dec 9th || Wednesday || 11.59pm

Tips now:

Sell Usd/JPY @ 87.90 or more

TP @ 87.50

Status = Manually closed (-70pips)

Monday, December 7, 2009

Dec 7th || Monday || 11.00pm

Tips now :

Sell EURUSD @ 1.4810 or more,

TP @ 1.4760


Status : HIT TP (+50pips)

Friday, December 4, 2009

|| Summary for Dec Week 1 ||

Hai guys its been a good week with 3 winning and 1 losing, total net pips is around 100 for the week.

Have a great weekend and more pips to come =D

Dec 4th || Friday || 9:15pm

Beautiful Breakout from Symmetrical Triangle pattern ...

TIPS NOW :

Better if Input BEFORE 9.30pm

Sell EURUSD at ANY RATE before 9.29pm (1.5070)

TP @ 1.5020


*Invalidated after 9.29pm


Status : Hit TP =) (+50pips)


Thursday, December 3, 2009

Dec 3rd || Thursday || 9.35PM

Tips Now :

Sell EURUSD @ 1.5110 or more

TP @ 1.5060


Status : Hit TP (+50pips)

Tuesday, December 1, 2009

Dec 1st || Tuesday || 7:57PM

TIPS NOW :

Sell EURUSD @ 1.5058 or more

TP @ 1.5008

SL @ 1.5120


Status : Hit S/L (-50pips)

Monday, November 30, 2009

Nov 30th || Monday || 10.35pm


Buy USDJPY @ 86.60 or less

TP @ 87.05


Status : Hit TP ( +45 pips )

Friday, November 27, 2009

||Summary For Nov Week 4||

Hai guys, we had a good week. For those that didnt close Wednesday's Tips, it actually Hit TP on Thursday... This is why no stoploss is good sometimes =)

Total pips around 150

Have a great weekend =)

Nov 27th || Friday || 8:33PM

Tips Now :

Buy EURUSD at 1.4895 or below

TP @ 1.4965

SL = No SL


Status : Hit TP (+70pips)

Thursday, November 26, 2009

Nov 26th || Thursday || 6:45PM

Tips now :

Buy GPBUSD @ 1.6560 or less

TP @ 1.6600

SL @ 1.6500


Status : Hit SL (-60pips)

Wednesday, November 25, 2009

Nov 25th || Wednesday || 9:45PM



Tips now :

Sell EURUSD @ 1.5070 or more

TP @ 1.5027


Status : Manually Closed (-30pips)
Hit TP (+43 pips) If you left it running into thursday

I realised that many of you have been placing high amount of tradesize for this trade and lost quite abit. Please use 40%-50% of ur capital max and not all.

Tuesday, November 24, 2009

Nov 24th || Tuesday || 10.12PM

Its really hard for doing a tip right now, so im gunna do a very small one, and lets hope for a better opportunity tmr....

Tips Now:

Sell EURUSD 1.4975 or higher

TP @ 1.4945

SL @ 1.5045

Invalidated at 3am


Status : Hit TP (+30pips)
-lol that wus fast =/

Monday, November 23, 2009

Nov 23rd || Monday || 8:00PM

Tips Now :

Sell EURUSD @ 1.4968 or higher

TP @ 1.4928


Status : Hit TP (+40pips)

Friday, November 20, 2009

|| Summary for November Week 3 ||

We have had a perfect week, 100% wins with over 240+ pips. Lets all hope for many such weeks to come in the future.

Just to inform my traders in advance, I will be going on a short vacation to KL from 13th to 16th December, so on the 12th I will attempt a Long Term trade that will last 3-7 days and expected to generate 75-200 pips since its a longer term trade. Those who are willing to follow me on this trade can do so.

Furthermore, lets hope we can expand our pool of active traders, recommend your friends/colleagues or anyone you can find to me and register with www.hyregister.info
Then talk to me on MSN and i will compensate you for your efforts in generous cash =)


Have a great weekend!

Nov 20th || Friday || 10.15PM

(Sorry my TP point at wrong fibo level shd be the one lower)

Tips Now :

Buy GBP/USD @ 1.6500 or less

TP @ 1.6541

SL @ 1.6440


Status : Manually Closed @ 1am (+25pips)

Thursday, November 19, 2009

Nov 20th || Friday || 12.15pm

Sorry about yesterday's tip, I kinda dozed off while waiting for entry opportunity ._.
We have no losing trades yet this week, lets hope we continue winning for the last day of the week.
I will post a Tip now to make up for yesterday. All the best...

Tip Now :

Sell EURUSD @ 1.4910 or more

TP @ 1.4865

SL @ 1.4960

Invalidated @ 9.00pm


Status = Hit TP (+45pips)

Tuesday, November 17, 2009

Nov 18th || Wednesday || 9.30AM


Tips now :

Buy EURUSD 1,4880 or less

TP 1@ 1.4920

TP 2@1.4950

SL @ 1.4840



Status = Hit Both TPs (+70pips)

Nov 17th || Tuesday || 8.20PM



Tips now :

Sell EURUSD @ 1.4850 or more

TP @ 1.4815


Status : Hit TP @ 12.50am (+40pips)

Monday, November 16, 2009

Nov 17th || Tuesday || 3.42PM

Tips now :

Sell GBP/USD @ 1.6843 or more

TP @ 1.6790

Invalidated @ 8.45pm


Status = Hit TP @ 6.45pm (+53pips)

Nov 16th || Monday || 10.24PM

Tips now :

Sell EUR/USD 1.4960 or more

TP @ 1.4925


Status : Hit TP (+35 pips)

Thursday, November 12, 2009

Nov 13th || Friday || 10.09AM


Tips now :

Buy EURUSD @ 1.4868 or less

TP @ 1.4907

SL @ 1.4820


Status = Hit TP Successfully (+39 Pips)

-----------------------------

Wednesday, November 11, 2009

Nov 11th || Wednesday || 7.00pm

Tips now :

Buy GBPUSD @ 1.6660 or lower

TP @ 1.6707



Status : hit SL

Tuesday, November 10, 2009

Nov 10th || Tuesday || 10.20pm

Tips now :

Buy EURUSD @ 1.4970 or lower

TP @ 1.5010

SL @ 1.4900

INVALIDATED AFTER 2AM (11th nov)

Status : Hit TP (+40pips)
-----------------------------------------------------------------------

Sell GBPUSD @ 1.6700 or higher

TP @ 1.6650

SL @ 1.6760

INVALIDATED AFTER 10AM (11th nov)

Status : Hit SL

Monday, November 9, 2009

Nov 9th || Monday || 9.45pm


We will be concentrating on BUYING EURUSD more this week, because the long term trend is indications are good that it is headed to the 1.5200++ range. Analysis shows very nice uptrend indication towards 1.5072 resistance point 3.

Tips now :

BUY EURUSD
TP@1.5060

Expected time trade hits TP = 2am - 10am (10th Nov)


Status = Closed at 10am (invalidated)

Friday, November 6, 2009

Summary for November Week 1

Its been a below average week with very undecisive trends. Grats to those that got over 60+ pips on friday. Hopefully the next week would be a better one. Have a great weekend and see u on monday.

Nov 6th || Friday || 11:35pm


Tips now :


Sell EURUSD , current rate 1.4870

TP @ 1.4828

SL @ 1.4955


Status : Closed @ 1.4835 (+35pips)

Nov 6th || Friday || 6:45pm

Tips now :

Sell EURUSD 1.4890 or higher

TP @ 1.4866

Stop Loss @ 1.4950

Valid from now till 9.15pm (do not enter after 9.15pm as there will be USD news coming out)


Status : Hit TP @ 8:05pm (+24pips)

Thursday, November 5, 2009

Nov 5th || Thursday || 7.30pm


Tips now :

Sell EURUSD at rate 1.4850 or above

TP @ 1.4810

Status : Closed

Wednesday, November 4, 2009

Nov 4th || Wednesday || 10:45pm

Hi guys for this tip we will be making use of a news for USD coming out at 11pm sg time. PLease input ur tip before that.

Tips now :

Sell EURUSD any rate
TP @ 1.4750

**Stop loss @ 1.4830

The News came out expected so it will not affect the charts. However it is possible for EURUSD to drop overnight. Maintain S/L @ 1.4870

Status : Hit S/L

Tuesday, November 3, 2009

Nov 3 || Tuesday || 10.00pm

Tips now :
BUY eur/usd if 1.4665 or less
Take profit 1.4703

Invalidated after 11.30pm
------------------------------------

Status : Hit TP Successfully @ 2.40am (+ 38 pips)

Monday, November 2, 2009

Bad news for Nov 2

Due to an unexpected news release as shown below, many pairs in forex spiked up. We were hoping that it would drop. Due to this many traders that i know internationally also suffered this unexpected loss.

15:00 USD
ISM Manufacturing PMI
55.7 53.1 52.6

15:00 USD
Pending Home Sales m/m
6.1% 0.2% 6.4%

Nov 2 || Monday|| 10.40PM


Tips now :

Sell GBPUSD @ 1.6340 or above

TP @ 1.6315

*Short-term opportunity for about 30 pips detected on GBPUSD, it is currently on a bearish trend.

Invalidations :

-After 12am

Status : Hit S/L

Nov 2 || Monday|| 8.47PM

Tips now :

Sell EURJPY at 132.60 or above
TP @ 131.88

Status : Hit S/L

Friday, October 30, 2009

Oct 30th 3.07pm

Sell AUDCAD @ 0.9725 or above
TP @ 0.9625



SOURCE : Forex360

Long tern target = 0.9450

Status : Manually Closed at 0.9713 to avoid loss @3.45am (+12pips)

Wednesday, October 28, 2009

Oct 29th , 11.12pm

Tips now :

Buy EURUSD 1.4810 - 1.4815
TP @ 1.4845

Status : Hit TP Successfully @ 12.45am (+35pips)

Latest Tips!

Type of trade : Short EURUSD
Time : 9.30pm

Sell EURUSD 1.4780 or above, TP @ 1.4747

Invalidations :
-if EURUSD goes above 1.4820
-After 1.30am time

Short term Bearish detected on 15mins graph.

Status : Trade hit TP successfully @ 11.45pm (+33pips)
Click here to start trading