Short Time frame System

 Easy Forex Trading  No Responses »
Apr 112012
 

Hello traders,

I have started trading since March. March is good with high return but opening of April I made 2 losing trade. Though not as bad atm still recovering from the 2 loss trade.

I was looking around forum and I came across a short time frame system that is very good. For those of you who is still looking for a way to trade, instead of developing your own system which is time consuming not to mention money why not just take a good system.

The system I am talking about is THV system v4. It is designed to be a short time frame system and is rather accurate. As always, if you are really into trading you must have rules. Forex is actually a game of discipline. My suggestion, google it, download the system, understand the rules and practice trade it on demo account. Trade longer time frame like 1H or 4H.

Apart from the rules of the system, my ultimate rules is = buy when the price is going up and sell when the price is going down. How to figure that out, you will understand it sooner or later.

I can only show you the door, you have to walk through it.

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 Posted by at 7:01 am  Tagged with: , , ,

FOREX BREAK ALMOST OVER

 Easy Forex Trading  No Responses »
Jan 162012
 

Over the years, I have made it a standard practice. I will stop trading from Christmas till Chinese New Year. These are the period that the market will not move or move very little. During these times, whenever anybody ask me my post in forex, I will give the freak out look on my face.

Just opened up my forex chart to look around. As usual, its not a pretty sight. So sit tight and enjoy the break while you still can. Forex calendar 2012 starts after CNY. Happy holidays everyone.

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 Posted by at 11:02 pm  Tagged with: , , ,

IT TAKES TIME

 Easy Forex Trading  No Responses »
Jan 122012
 

Been a while since I post here. In the mean time I’m just slowly trading. Most of the time, I’m on weekly trades but sometimes I just need to scan and trade within a short time. If you need to make a quick trade, I suggest you keep on reading.Most of the time I trade the 4 hour charts or weekly charts. These trades could last for weeks sometimes even months. I do however trade those short term trade from time to time. Rules is simple. Buy when the price is going up and sell when its going down. Only 1 rule, I dont think its too hard to follow.

From the chart we can see EG price is below 0.86. The idea is to trade long but I dont want to become a zombie and wait for it to go up. Put a buy order at 0.8600 with TP at 0.8700. If the price goes up it will hit the buy order and hopefully will continue to rise up. You may asked, why buy when the price is in general going down. The answer is the last 2 step is a price increase. I don’t know why but mostly forex starts with number 2. It need 2 spike up and 2 new high price to be consider a trade. If the price continue to go down it wont hit the buy order. Best of luck.

 Update:
After twice hitting 0.8640 and never made it above price have now fallen below MA55. All post exit. This trade plan isnt working. This thing is going down.

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 Posted by at 6:17 pm  Tagged with: ,

WHAT FOREX IS NOT

 Easy Forex Trading  No Responses »
Feb 272010
 

Forex is not a quick rich scheme.
Forex is not easy even though my blog says so.
Forex is not a place for newbie
Forex is not something you can learn overnight
If you needed the money, dont put it in Forex. Seriously. Go somewhere else.
Forex is a journey, enjoy it.
There is no such thing as holy grail coz there is no perfection in this world. If perfection exist in this world it would be boring. No more room for improvement.
Forex is not rocket science. There is no right or wrong. There is only probability.

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 Posted by at 5:14 am  Tagged with:

NEW PLACE, NEW SCHEDULE AND A NEW SYSTEM

 Easy Forex Trading  No Responses »
Feb 232010
 

On April 2009, I moved to Kuala Lumpur. A new place requires me to have new schedule. I dont have much time as I would like in front of a PC which means, shorter time for me to trade. It requires me to adapt to the time I have to trade and make a new system.

In my quest to adapt my existing system to a new time constraint trading requirement, I accidently stumble onto a new system. Its a very simple system that has shown good result for the month of April and May at the moment.

Just to show you what I have stumble upon, here is a screen shot of my demo account that I have used to run the test. It doesn’t show high accuracy but it shows a return of over 100% last month and a small return this month so far.

Here is the hard part. What if I say that I can actually have an accuracy of 100%. Meaning I can win all the time with this system. The numbers you see there is me using a demo account trading with limited time with no regards for the system rules.

Would it be nice to actually win all the time. I will keep you guys posted on the result by the end of this month. In the meantime I cannot be online as long as I like to. For my friends, I know my YM is not online for a long time but just leave a message and I will answer when I have the time.

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 Posted by at 8:55 am  Tagged with: , ,

DAILY TRADING – THERE IS NO SPOON

 Easy Forex Trading  No Responses »
Feb 172010
 

Some people are asking me about the secret of daily trading. The answer is there is no secret. It is there for everyone to see but the question is, can you accept what you see.

Trading the daily chart requires patience, lots of it. That is what most of us lack. Patience. If you look at the longer timeframe charts, you will see that price will stop or hover around certain areas. That is your key point. Always start or stop trading around these key point.

The next indicator I use is CCI. CCI alone is a bit of a headache. So I smooth it out with MA. With the MA, I can see the direction of trade clearly. People say MA is a lagging indicator but I dont want to be early going to a party. I like to enter when the party already started.

The last advice is, there is no such thing as holly grail. You just cannot win all the time. The best that we can do is try to win as much as possible and lose a little as possible. In the long run, it would be profitable enough to stay trading. Otherwise you need to find another business to run.

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 Posted by at 10:59 pm  Tagged with: , , ,

NEXT UP EURGBP

 Easy Forex Trading  No Responses »
Feb 112010
 

EurGbp is going up so those of you who have the guts do buy EG at every dip refer to chart 1H or lower to view.

I got lots of email and calls asking me about the secret of forex and how to trade. What if I tell you the answer is not as u expected it to be. Some people even rejected the answer when I told them.

I dont blame them. When I found the answer I feel like Im going to cry. Its hard to accept something the logical mind cannot understand. In the mean time, take it slow and enjoy the ride.

People say seeing is believing. 2 post already TP. Another 1 more for weeks to come. Forgot to mention. Possible retrace at the price in the picture. So TP at will reentry on next low.

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 Posted by at 3:12 am  Tagged with: ,

EURGBP CONNECTION

 Easy Forex Trading  No Responses »
Feb 052010
 

Here is a homework for some of you. Your task is to find the connection between EurGbp with Eur pairs (EurUsd, EurJpy) and Gbp (GbpUsd, GbpJpy) pairs. You can post in comments about your findings so that we can discuss. Discussion is always a good learning method since you are required to think and not spoon fed.

EURUSD has finally reached its top. Entry point for me is between 1.3450 – 1.3500. You can find a suitable entry point or wait for the pair to really go down and take your entry. At the moment that entry is still a high risk entry. I am giving an early heads up so you guys can prepare.

Btw dont post link or whatever you want to promote in comments. I will not allow it and there is no such thing as 100% accurate forex signal. When are you guys gonna get it. There is no such thing as 100% in life.

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 Posted by at 7:00 am  Tagged with: ,

LWMA 55

 Easy Forex Trading  No Responses »
Feb 032010
 

One of my favorite indi is LWMA 55. I dont know why but the price seems to react a lot of this line. People say that MA is a lagging indicator and I agree with them 100% but do not use MA as a signal generator, instead use them as a dynamic support and resistance.

For those of you who love to experiment, try putting LWMA 55 on a chart and see how price actually interact with the line. Its not magic but its a mathematical calculation.

Dont get me wrong, you may not be able to trade using MA 55 alone. Try putting LWMA 13 in there as well and remember they are not signal generators. Treat them as dynamic support and resistance.

Put it into a simple formula. If price > LWMA 13 & LWMA 55 = long. If price < LWMA 13 & LWMA 55 = short.

Try it, you may like what you find. Just needed to add in a filter to improve accuracy.

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 Posted by at 1:08 pm  Tagged with:

EURGBP DROP

 Easy Forex Trading  No Responses »
Feb 032010
 

Yesterday I wrote about EG connection. Guess what, I took the whole EG drop and run away with it. Right now all live post on EG is closed, profit in the bag :) .

I was so confident on EG drop I was betting 50% of my capital on it on 1 post only. Quiet a risk and really worth it. I feel like I just won a horse race :) )

EU still up there and there is a killer spike up to 1.3537. Atm I on sideline watching for opportunity.

Fing lol email me on your progress. Really like to hear how you are doing.

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 Posted by at 12:14 am  Tagged with: ,
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