Trading Idea o.O

Yosh!

I have one trading idea today (I have a few, but I only post this one :p)

NZD/USD:
Signals:
Go long when there is a new candle stick open above the trend line.

Take Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

Expert Advisor is for Losers o.O

Yosh!

I have no trading idea today but I wanna share with all of you why expert advisor or robot (automatic trading) are for losers.

1. If the expert advisors are so profitable, than all the banks and financial institution willingly to pay high price for such program/script because later, the program/script will earn more money they have paid before. I'm also willing to pay high price for that. Cheap scripts produce cheap profit (lesser than you expected).

2. Most of the expert advisor shows good results when you use it in demo/virtual account. This is because the balance in the account is huge. Usually people have lesser than that in real account.

3. Market changes everyday. So the expert advisor need to be updated frequently because the system used as the backbone of the expert advisor need to be changed. Market is dynamic, we need to become dynamic too. Expert advisor lack of discretionary power - they just follow the rules, they can't make decision at their discretion.

4. You learn nothing about trading. You let the robot run your account. You let the robot ruin your account. And yet you have no idea what's wrong with it - and thus you cannot learn from the mistake(s). Then you buy a new robot. You let the robot run your account. You let the robot ruin your account. Then you buy a new robot. You let the robot run your account. You let the robot ruin your account. Repeat the proccess until you realize that you are just wasting your time and money and you learn nothing. That's why you are the big fat loser.

Trading is not as easy as most of us expected. If it is, then everybody can become rich. And if you do, do you satisfy with yourself with what you achieve? Take your time to learn. Hard work pays huge dividend. Really huge.

That's all for the time being, thank you for visiting :)

Malaysia Tour and Trading the Week Ahead o.O

Yosh!

I'm in KL right now after 3 days in Johor Bahru teaching new traders how to understand the market better. I'm planning to go to Butterworth soon and then maybe Kuala Terengganu if there are demands in those places. So, if you are living in the two states, or near those states and interested to join, do tell me, and I'll consider that.

For next week, I have two trading ideas:

NZD/USD:
2 Signals:
1. Buy, if the price go higher and there is a new candle stick open above the upper trend line.
2. If the price break the lower trend line, let it go lower, then buy.

EUR/USD:
2 Signals:
1. Buy, if the price go higher and there is a new candle stick open above the upper trend line.
2. If the price break the horizontal line, let it go lower, then buy.

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)

This Week's Trading Idea o.O

Yosh!

First, Forex Trading Personal Coaching Malaysia Tour: Johor Bahru. I'll be there on Friday and start the first session and overnite in either Hyatt Regency or Puteri Pacific. I don't decide yet. This is the last call for any of you, in Johor or Singapore to come and learn from me. You can pay in installment if you want to.

Second, for this week, I couldn't find any good setup in major pairs. Then I look in crosses and I see something in EUR/CHF.

EUR/CHF:

2 Signals:
1. If the price break the upper trend line and a new candle stick open above it, go long.
2. If the price break the lower trend line, let it go lower, and then go long.

Target Profit and Stop Loss are up to your discretion.

Honestly I rarely trade in crosses, especially EUR/CHF. While the chart look interesting, I prefer not to trade this idea.

That's all for the time being, thank you for visiting :)

(Re)New Trading Idea o.O

Yosh!

I want to renew the trend lines I drawn in USD/JPY and this is the new trading idea:

USD/JPY

2 Signals:
1. If the price break the upper trend line and a new candlestick open above the line, then go long.
2. If the price break the lower trend line, let it go lower, the go long.

Target Profit and Stop Loss are up to your discretion.

That's all for the time being, thank you for visiting :)