Sunday, September 18, 2011
Saturday, September 3, 2011
A true & sincere newbie confession on trading
Sep 1 2011, 06:18 PM Show posts by this member only Post #411
Casual
Group: Junior Member
Posts: 332
Joined: Jan 2007
From: Ranau, Sabah
when i 1st started, my 1st week of trading has been very successful. i still didn't know you can short. i haven't read babypips or any website. i only download client, try demo, and go live in 1 day.
2nd week on, everything goes downhill. wiped out in 1 month. then i topup. before i trade live again, i scour the internet for tips, strategy, robot. you name it. i even bought fapturbo (LOL!!!) and try a lot (literally) of robot. then i return to manual trading. 4H, 1H, M5, tried all TF, still fail.
after that i continue my search. dig more websites and strategies. i even try naked trading, support resistance technique, you name it. i've probably tried all the famous one. still fail.
after all those wasted money and time, i finally found where my mistake is. i was overtrading. there's nothing wrong with the strategy. every one of them are doing good. PEBKAC. after i sort out my patience and stay out of market when i m unsure of the direction, my life got better. my trading is still so-so. but life definitely is better.
my points is:-
1 - get a good strategy.
2 - patience. do not overtrade at all.
3 - use good money management.
sikit sikit lama lama jadi bukit. this is not quick rich scheme. use compounding magic if you plan to trade full time to build your capital. if you just want to make side income, then can withdraw every week. hehe. everyday even if you make enough profit
p/s: sorry for the wall of text. just want to share my experience. hope someone can make good use of it.
You Can Do It..More motivation video
Success knows no appearance. Watch the whole video. Notice how the audience laugh at her in the beginning.Being belittle, look down-upon ..does that sounds normal in your daily life?Each day we are given negative feedback eg it cant be done, dont waste time, wake up, stop dreaming etc etc
Notice the reaction of the audience, judges at the end?
More below
http://www.youtube.com/watch?v=__Gs02ZmUmE&feature=related
http://www.youtube.com/watch?v=UB2Tl0xOqbI&feature=related
http://www.youtube.com/watch?v=UB2Tl0xOqbI&feature=related
Bonus
http://www.youtube.com/watch?v=QWNoiVrJDsE
Motivation
They showed those video in my paid course...I give you free..same video.
http://www.youtube.com/watch?v=wZsSQvv9ygM&feature=related
http://www.youtube.com/watch?v=-qUfE0n6uu8
Friday, September 2, 2011
Forex Mini Course
Forex mini course for download free.
http://www.4shared.com/document/S5JU7AIJ/forexminicourse.html
Courtesy from www.tradingintl.com
Bollinger band with Stochs and MACD histogram
Case Study ebook on Bollinger band with Stochastics and MACD for download
http://www.4shared.com/document/78ob_bNu/bbFCPO.html
To download coloured MACD indicator for MT4 platform
To download %b indicator for MT4 platform
http://www.4shared.com/file/Rh6j8k5J/Bollinger_Bands_b.html
HOw to plug custom indicator to MT4 platform
http://forex-indicators.net/how-to-install-mt4-indicators
Keep walking
The Organs of your body have their sensory touches at the bottom of your foot, if you massage these points you will find relief from aches and pains as you can see the heart is on the left foot.
Cinnamon and Honey
Cinnamon and Honey
Honey is the only food on the planet that will not spoil or rot. It will do what some call turning to sugar. In reality honey is always honey.. However, when left in a cool dark place for long time it will do what I rather call "crystallizing". When this happens I loosen the lid, boil some water, and sit the honey container in the hot water, turn off the heat and let it liquefy. It is then as good as it ever was. Never boil honey or put it in a microwave. To do so will kill the enzymes in the honey.
Cinnamon and Honey
Bet the drug companies won't like this one getting around. Facts on Honey and Cinnamon: It is found that a mixture of honey and Cinnamon cures most diseases. Honey is produced in most of the countries of the world. Scientists of today also accept honey as a 'Ram Ban' (very effective) medicine for all kinds of diseases. Honey can be used without any side effects for any kind of diseases.
Today's science says that even though honey is sweet, if taken in the right dosage as a medicine, it does not harm diabetic patients. Weekly World News, a magazine in Canada , in its issue dated 17 January, 1995 has given the following list of diseases that can be cured by honey and cinnamon as researched by western scientists:
HEART DISEASES:
Make a paste of honey and cinnamon powder, apply on bread, instead of jelly and jam, and eat it regularly for breakfast. It reduces the cholesterol in the arteries and saves the patient from heart attack. Also, those who have already had an attack, if they do this process daily, they are kept miles away from the next attack. Regular use of the above process relieves loss of breath and strengthens the heart beat. In America and Canada , various nursing homes have treated patients successfully and have found that as you age, the arteries and veins lose their flexibility and get clogged; honey and cinnamon revitalize the arteries and veins.
ARTHRITIS:
Arthritis patients may take daily, morning and night, one cup of hot water with two spoons of honey and one small teaspoon of cinnamon powder. If taken regularly even chronic arthritis can be cured. In a recent research conducted at the Copenhagen University, it was found that when the doctors treated their patients with a mixture of one tablespoon Honey and half teaspoon Cinnamon powder before breakfast, they found that within a week, out of the 200 people so treated, practically 73 patients were totally relieved of pain, and within a month, mostly all the patients who could not walk or move around because of arthritis started walking without pain.
BLADDER INFECTIONS:
Take two tablespoons of cinnamon powder and one teaspoon of honey in a glass of lukewarm water and drink it. It destroys the germs in the bladder.
CHOLESTEROL:
Two tablespoons of honey and three teaspoons of Cinnamon Powder mixed in 16 ounces of tea water, given to a cholesterol patient, was found to reduce the level of cholesterol in the blood by 10 percent within two hours. As mentioned for arthritic patients, if taken three times a day, any chronic cholesterol is cured. According to information received in the said Journal, pure honey taken with food daily relieves complaints of cholesterol.
COLDS:
Those suffering from common or severe colds should take one tablespoon lukewarm honey with 1/4 spoon cinnamon powder daily for three days. This process will cure most chronic cough, cold, and clear the sinuses.
UPSET STOMACH:
Honey taken with cinnamon powder cures stomach ache and also clears stomach ulcers from the root.
GAS:
According to the studies done in India and Japan , it is revealed that if Honey is taken with cinnamon powder the stomach is relieved of gas.
IMMUNE SYSTEM:
Daily use of honey and cinnamon powder strengthens the immune system and protects the body from bacterial and viral attacks.. Scientists have found that honey has various vitamins and iron in large amounts. Constant use of Honey strengthens the white blood corpuscles to fight bacterial and viral diseases.
INDIGESTION:
Cinnamon powder sprinkled on two tablespoons of honey taken before food relieves acidity and digests the heaviest of meals.
INFLUENZA:
A scientist in Spain has proved that honey contains a natural ' Ingredient' which kills the influenza germs and saves the patient from flu..
LONGEVITY:
Tea made with honey and cinnamon powder, when taken regularly, arrests the ravages of old age. Take four spoons of honey, one spoon of cinnamon powder, and three cups of water and boil to make like tea. Drink 1/4 cup, three to four times a day. It keeps the skin fresh and soft and arrests old age. Life spans also increase and even a 100 year old, starts performing the chores of a 20-year-old.
PIMPLES:
Three tablespoons of honey and one teaspoon of cinnamon powder paste. Apply this paste on the pimples before sleeping and wash it next morning with warm water. If done daily for two weeks, it removes pimples from the root.
SKIN INFECTIONS:
Applying honey and cinnamon powder in equal parts on the affected parts cures eczema, ringworm and all types of skin infections.
WEIGHT LOSS:
Daily in the morning one half hour before breakfast on an empty stomach, and at night before sleeping, drink honey and cinnamon powder boiled in one cup of water. If taken regularly, it reduces the weight of even the most obese person. Also, drinking this mixture regularly does not allow the fat to accumulate in the body even though the person may eat a high calorie diet.
CANCER:
Recent research in Japan and Australia has revealed that advanced cancer of the stomach and bones have been cured successfully Patients suffering from these kinds of cancer should daily take one tablespoon of honey with one teaspoon of cinnamon powder for one month three times a day.
FATIGUE:
Recent studies have shown that the sugar content of honey is more helpful rather than being detrimental to the strength of the body. Senior citizens, who take honey and cinnamon powder in equal parts, are more alert and flexible. Dr. Milton, who has done research, says that a half tablespoon of honey taken in a glass of water and sprinkled with cinnamon powder, taken daily after brushing and in the afternoon at about 3:00 P.M. when the vitality of the body starts to decrease, increases the vitality of the body within a week.
BAD BREATH:
People of South America , first thing in the morning, gargle with one teaspoon of honey and cinnamon powder mixed in hot water, so their breath stays fresh throughout the day.
HEARING LOSS:
Daily morning and night honey and cinnamon powder, taken in equal parts restores hearing. Remember when we were kids? We had toast with real butter and cinnamon sprinkled on it!
Technique on Bollinger Band
Bollinger Bands provide a relative definition of high and low. By definition price is high at the upper band and low at the lower band.
That relative definition can be used to compare price action and indicator action to arrive at rigorous buy and sell decisions.
Appropriate indicators can be derived from momentum, volume, sentiment, open interest, inter-market data, etc.
If more than one indicator is used the indicators should not be directly related to one another. For example, a momentum indicator might complement a volume indicator successfully, but two momentum indicators aren't better than one.
Bollinger Bands can be used in pattern recognition to define/clarify pure price patterns such as "M" tops and "W" bottoms, momentum shifts, etc.
Tags of the bands are just that, tags not signals. A tag of the upper Bollinger Band is NOT in-and-of-itself a sell signal. A tag of the lower Bollinger Band is NOT in-and-of-itself a buy signal.
In trending markets price can, and does, walk up the upper Bollinger Band and down the lower Bollinger Band.
Closes outside the Bollinger Bands are initially continuation signals, not reversal signals. (This has been the basis for many successful volatility breakout systems.)
The default parameters of 20 periods for the moving average and standard deviation calculations, and two standard deviations for the width of the bands are just that, defaults. The actual parameters needed for any given market/task may be different.
The average deployed as the middle Bollinger Band should not be the best one for crossovers. Rather, it should be descriptive of the intermediate-term trend.
Traditional Bollinger Bands are based upon a simple moving average. This is because a simple average is used in the standard deviation calculation and we wish to be logically consistent.
Make no statistical assumptions based on the use of the standard deviation calculation in the construction of the bands. The distribution of security prices is non-normal and the typical sample size in most deployments of Bollinger Bands is too small for statistical significance. (In practice we typically find 90%, not 95%, of the data inside Bollinger Bands with the default parameters)
%b tells us where we are in relation to the Bollinger Bands. The position within the bands is calculated using an adaptation of the formula for Stochastics
%b has many uses; among the more important are identification of divergences, pattern recognition and the coding of trading systems using Bollinger Bands.
Indicators can be normalized with %b, eliminating fixed thresholds in the process. To do this plot 50-period or longer Bollinger Bands on an indicator and then calculate %b of the indicator.
BandWidth tells us how wide the Bollinger Bands are. The raw width is normalized using the middle band. Using the default parameters BandWidth is four times the coefficient of variation.
BandWidth has many uses. Its most popular use is to indentify "The Squeeze", but is also useful in identifying trend changes...
Bollinger Bands can be used on most financial time series, including equities, indices, foreign exchange, commodities, futures, options and bonds.
Bollinger Bands can be used on bars of any length, 5 minutes, one hour, daily, weekly, etc. The key is that the bars must contain enough activity to give a robust picture of the price-formation mechanism at work.
Bollinger Bands do not provide continuous advice; rather they help indentify setups where the odds may be in your favor
That relative definition can be used to compare price action and indicator action to arrive at rigorous buy and sell decisions.
Appropriate indicators can be derived from momentum, volume, sentiment, open interest, inter-market data, etc.
If more than one indicator is used the indicators should not be directly related to one another. For example, a momentum indicator might complement a volume indicator successfully, but two momentum indicators aren't better than one.
Bollinger Bands can be used in pattern recognition to define/clarify pure price patterns such as "M" tops and "W" bottoms, momentum shifts, etc.
Tags of the bands are just that, tags not signals. A tag of the upper Bollinger Band is NOT in-and-of-itself a sell signal. A tag of the lower Bollinger Band is NOT in-and-of-itself a buy signal.
In trending markets price can, and does, walk up the upper Bollinger Band and down the lower Bollinger Band.
Closes outside the Bollinger Bands are initially continuation signals, not reversal signals. (This has been the basis for many successful volatility breakout systems.)
The default parameters of 20 periods for the moving average and standard deviation calculations, and two standard deviations for the width of the bands are just that, defaults. The actual parameters needed for any given market/task may be different.
The average deployed as the middle Bollinger Band should not be the best one for crossovers. Rather, it should be descriptive of the intermediate-term trend.
Traditional Bollinger Bands are based upon a simple moving average. This is because a simple average is used in the standard deviation calculation and we wish to be logically consistent.
Make no statistical assumptions based on the use of the standard deviation calculation in the construction of the bands. The distribution of security prices is non-normal and the typical sample size in most deployments of Bollinger Bands is too small for statistical significance. (In practice we typically find 90%, not 95%, of the data inside Bollinger Bands with the default parameters)
%b tells us where we are in relation to the Bollinger Bands. The position within the bands is calculated using an adaptation of the formula for Stochastics
%b has many uses; among the more important are identification of divergences, pattern recognition and the coding of trading systems using Bollinger Bands.
Indicators can be normalized with %b, eliminating fixed thresholds in the process. To do this plot 50-period or longer Bollinger Bands on an indicator and then calculate %b of the indicator.
BandWidth tells us how wide the Bollinger Bands are. The raw width is normalized using the middle band. Using the default parameters BandWidth is four times the coefficient of variation.
BandWidth has many uses. Its most popular use is to indentify "The Squeeze", but is also useful in identifying trend changes...
Bollinger Bands can be used on most financial time series, including equities, indices, foreign exchange, commodities, futures, options and bonds.
Bollinger Bands can be used on bars of any length, 5 minutes, one hour, daily, weekly, etc. The key is that the bars must contain enough activity to give a robust picture of the price-formation mechanism at work.
Bollinger Bands do not provide continuous advice; rather they help indentify setups where the odds may be in your favor
Video tutorial on Bbands
http://www.youtube.com/watch?v=PONc9GkzFrA&feature=related
http://www.youtube.com/watch?v=XmE809RjzTQ
http://www.youtube.com/watch?v=7PY4XxQWVfM&feature=related
http://www.youtube.com/watch?v=XmE809RjzTQ
http://www.youtube.com/watch?v=7PY4XxQWVfM&feature=related
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