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)

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

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

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

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

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

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)
Click here to start trading