Hi there, just wanna said that now I am struggling to make a forex presentasion in Jayapura, the problem is This city has been broken by Millenium Penata Futures, 3 years before I come, so there’re some people who are resistant with this kind of investment… as time goes by, I ask some people about how they’re feeling with forex.. I make a decision that I must focused with risk management.. that the holy grail of trading is Loss Control, Loss Control, Loss Control, somehow without seeing the return of my performances beetween 5-30% per month.. I will attach my Power point presentation in the next couple days.
Risk always pay off Tuesday, Feb 12 2008
Entrepreneur words 5:40 am
Risks, I Like To say, always pay off. You Learn what to do or what not to do - Jonas Salk, M.D – Developer of polio vaccine
Fx Reality Check (RC) Sunday, Feb 10 2008
Uncategorized 2:15 pm
This is some tools I use as RC of the intraday trend.. make sure I trade the right direction with the big money does.
http://www.fxstreet.com/technical/analysis-reports/action-bias-summary-table/
http://www.fxstreet.com/technical/analysis-reports/support-resistance-range-forecast/2008-02-08.html
http://www.fxstreet.com/technical/analysis-reports/technical-summary-for-majors/
http://www.fxstreet.com/rates-charts/currencies-glance/technical-table/
Follow Your Heart, Love What You Do Sunday, Feb 10 2008
Entrepreneur words 1:56 pm
What is more important to you? Spending a few years for a collage degree or following your heart and finding what you love to do in the early part of your life? Well, I guess it falls into ones individual perceptions of life.
Ask yourself, what do I really want in life? Do I want to live an ordinary life or I want to be somebody. Hearing the speech by Jobs and Gates who are both dropouts, have followed their hearts and obviously love what they do, I personally have gain some insights of what they have spoken.Jobs speech was simply great, “The heaviness of being successful is being replaced by the lightness of being a beginner again”.
Sometimes you need to experience a blow in your life in order to be successful again. Gates said, “I did the best of everyone who fail”.
I believe that at that point in time when Gates was dropping out of Harvard despite of the adversity, he was definitely following his heart. I have always follow my heart, doing what I love to do. If you have not found what you love, keep looking.
Love life, Live it
nice thoughts on fx Saturday, Feb 9 2008
forex and fx money management 4:19 am
think you can money manage your trade by a very simple strategy.
Remember, with your average system you will have wins and losses. And the world is not beautiful, you may have 50-50 or more losses than wins.
To control your risk you should have something like “filter formula” or “signal strength” or “trade confidence” by allowing lower dollar value on less confident trades and vice versa. Ofcourse the parameters would have been set by you.
Lets say (example) you trade the market with a system consisting of elliot wave, candlestick patterns, fibonacci, divergence.
Each one is a rule. The more rules line up in your favour, the more confident, and higher pip value. But if only candlestick patterns for example give you a trade you would use quarter the risk.
