30 June 2008

Hello

here is my DBS trade for today
i heard there is lots of "sharks" at pyshcology level
today it is at 1.580, dangerous?, before i long i saw the price drop down super fast.
but DBS is dun care type of trading, just do it.
i up a level for my money mangement becoz i lost the previous trade.
and the result is WIN. won back my losing trade last week.
YEAH!!

27 June 2008

Hi all

DBS trade for today is .... LOSE!
haha yeah SL triggered when i was swimming.
ok thats all for today, i am going to play tennis wall now
byebye

26 June 2008

hello

here is my trade for today, result WIN. YEAH was out playing tennis wall when TP was triggered. i love DBS as i dun need to constantly monitor my trade. everyday just do it. simple and stupid. dun care. win is win, lose is lose.

interesting thing i noticed today.
stop loss hunting by bankers,sure killed lots of long FOMC news traders today before it shoot up.

June 25 2008

Hello all
ehhe this is my first DBS trade after 1 week break from trading.
i lost 2 trades and i fell sick and i got more white hair
i look at too much charts until my eyes swollen and i feel sick.

the result of today trade is ..... LOSE! hehehe
when i dun trade live i win, when i trade live i lose.
mmm... are the evil bankers aimming me? dun wanna let me earn money?
YEAH LOSE LOSE LOSE !!!! i love losing???!!! or i am outta my mind???? LOL hahaa
well my previous post is about accepting losses as part of the game rite?
YEAH YEAH LOSE LOSE LOSE !! HORRAY

Thanks Peter

Hello everyone

after losing for 2 trades in a row, i admit i cant take losses. once i lose i will lose my guts and my confidence. i dun dare to trade anymore. after losing 2 trades in a day, i dun dare to trade for 1 whole week. FYI this whole week DBS is winning.
This is a serious problem for me, and maybe for all the other traders. in trading, you got to accept lossing and losses. this is just part of the biz. sometimes you win sometimes you lose. just make sure you are winning most of the time and that is the holy grail. traders can lose money, but once you lose your guts, thats it!
below is great advice from peter crown. i must really learn to accept losses.

"Losses are an integral part of trading, and those who spend most of their thought processes trying to figure out how to trade with the fewest losses, don't "get it".
Don't you know that only losers get so freaked about having losses???? Losses are just losses. Make sure they are smaller than your winners
Until you learn how to lose, you cannot win, long term, as a trader
Take your losses for God's (and yours and your family's) sake, and then forget them. Get past them, recognize that they will happen a lot and learn to handle the one thing you are in complete control of.
How much risk you take and the size of losses you take. Then the only thing you will be left with will be profits.
When I began, I struggled and spent tons of money, didn't complain to anyone (no one believed in me but me anyway) and didn't beg either. I offered real value for the value I needed to acquire.
I borrowed money to trade, borrowed money to pay for training. I did everything I had to do to succeed."

Thanks Peter, i will learn to accept my losses

Here is something to boost my confidence for DBS.
did a manual back test for June 2 to 24 yesterday
14W, 2L, 1N.
what am i doing all these while? must be dreaming about elliot wave? hahaa
just keep things simple and stupid. thats the way
and have the guts to take losses!!

SHORT NOW DUN WORRY!!!!

Haha

maybe trading using a system is just to give you to "guts" to pull the trigger and go in the trade. anyway its 50-50, you either win or you lose what. haha

anyway i going to take a look at my "SHORT NOW DUN WORRY" system. ahhaha sure is a funny trading system that can only short cannot long? haha keep laughing when i think about it. "SHORT NOW at price XXX, you see it coming back up now?? DUN WORRY it will go down one. you see i told you right? it will go down 1, Hahahaha LOL!!"
what a great JOKE, i cant stop laughing when i think about it. "it feels like mangeko Sharingan, is this the holy grail? i feel like as if i can predict the future and know where the price is going." the truth is I dun even know what i am looking at. HAHA

if can only short, then long how?? vanessa got this good idea. look at usdchf lo, when short on usdchf, then long on eurusd lo. hahahah so funny. silly idea but think it is good. HHAAAA LOL

when i dunno what i doing, i am super confident
when i know what i doing, i got no confident

HAHAHHA SO FUNNY !!!
if i tell ppl i can only short the market and cannot long. sure laugh at me hahah what kinda silly system i am using?? HAHAH it is call "SHORT NOW DUN WORRY!!!"

after playing with so many system and indicators,
strangly, the system that i am seeing wrongly make me feel like i am a forex guru.
haha i even wanna go back TNT and disturd them and playing with more lots. how silly am i?
haha say until i also wan to laugh. but since this is the only system that make me feel great, might be worth taking some time to take a look at it. wish me luck guys!
SHORT NOW DUN WORRY!!!!

no confident?? hesitate too much ahha

Hello all

haiiiii sigh
i realli dunno what to say
yesterday win 2 trades, today give back to market already.
trading sure is a very strange thing becoz it seems so easy and simple but it is so much more difficult and emotional.
Zzzzzzzzzzz just now from winning i dun wan to take profits, too greedy. from win become lose. then i enter my DBS again too kan cheong go in too fast. lose money

hesitate too much, trade missed
dun tink too much just go in, lose money
LOL hahaha i also dunno waht to say

when i dunno what i am doing, i am super confident
when i know what i am doing, i got no confident
what is wrong with me??? am i too scare to lose? too scare to know that i am wrong?
hahaha who knows? i also dunno?
but i am going back to do more back test
wish me luck everyone

17 June 06

Hello everyone

today i won 2 tradess

1st is DBS
2nd is at night news play.

i have very long time never win so many pips already.
even though i am mostly winning now.
my hands are still shaking as i am typing this.
this is because i had just entered a trade.
i feel i had not only lost some of my capital, but i had also lost my guts.
as the saying goes, lose money is ok, lose your guts and you are out of the game.
i am not sure y, even though i am winning i am scare
maybe i lost so much until i lost my balls, maybe i am not confident of my own judgement and system anymore. maybe i am just afraid to lose. i also dunno why.
phew ... feeling better now becoz my trade is winning.
can feel hands dun shake, heart dun beat so fast, dun feel so cold anymore.

Elliot Waves

the super pro old bird trader trading is based on elliot waves.
i know most banks traders only look at elliot waves, then there must be something great about elliot wave rite? since all the pro traders use it. to be able to implement elliot waves in your everyday trading is not a simple task. in fact it can be very confusing. this is the reason why many traders do not use elliot waves. it is not mechanical, it does not have exact sell,buy price. it is like both art and imagination. these could spell danger for users who do not understand elliot wave well.
YA YA i know 5 impluse wave followed by 3 corrective wave. on paper it is so easy? like counting 1 2 3 and ABC like tat, haha wait till you look at the reali live chart. all the waves are joinging together 1 lo, which is wave 1? which is impluse wave 2? mine wave 1 can be your wave 2, this is where the imagination comes in. use your gut feeling and go for it.

i am currently learning and practicing with elliot wave. it has this uncanny ability to "predict" price movement. i was staring at it and i am really amazed. it seems to know where the price is going. maybe this is why all pro traders use this? could this be the holy grail? wish me luck guys i am going to study more about elliot wave and use it as my secret weapon!

12 June 08

hello

yesterday too kan cheong, go in too fast and lost.
today kia see and hesitate, missed the trade.
LOL

i trade news later at night and win, but its mt4 la
using saxo trade gone liao lo, news price fly super fast
manual press sure cannot get the trade 1.

ok la, think of the bright side, at least i am correct with my judgement.
thats y i be moving out of saxo and putting my money with interbankFX.

i will be trying out what the old bird pro trader is using. Elliot Waves.
will be doing more testing and reading.
see ya later

11 June 08

2nd trade done at night
result Win.

i did some more backtesting and tweaks around with the Tp.
the results looks better. there is losing months of coz.
there is losing days, even weeks.
as long as you win more then you lose. it is ok.

11 June 08

Hello everyone

here is my first losing DBS trade.
mistake here, lesson learnt. i went in too fast. too kan cheong already
i will also be adjusting the TP.
good to lose, becoz i wanna try my money mangement play.
in future if the candles are close, i will wait for inside bar. cannot be too kan cheong, looking back from hind sight. the peak was not even broken. what the hell am i thinking????!!!
wish me luck in next trade bye all

10 june 08

Hello
here is my trade for today, record fast DBS trade, 10 sec WIN

09 June 08

Hello

trade for the day: Win
the wise is humble, those who brag are insecure and empty

6/6/08

Hello again WET BALNKETS !!! KEEP POURING COLD WATER ON ME!!!
I know what you thinking now! wait until i lose right??? HAHAHHA Wait LONG LONG !
Here is one more for you!!!
WIN!

5 June 08

Hello to all you WET BLANKETS !!!
Dun need to tell me anymore risky,gamble,navie,childish,lazy,slacker,get real,back to earth, no such things, etc

here is my first DBS live trade! great start!
Win, enough said

Giving up???!!! HOLY SHIT !!!

Hello to everyone.

i had not been updating my blog and you WET BLANKET!! though i was giving up???!!!
hahaha sorry to dissapoint you but you are SO WRONG!! HAHAH!!
i read a few interesting articles by a forex pro, and i am trying out his method of playing. wah this guy is damn zai, when he trading i still drinking milk. he never put stop loss and baby sits all this trades. i tried his method and burst a few demo account. i am surely not his level yet, i am going to try a simple system. going back to my daily break out system. going to demo forward test and more back testing. when i am ready i will be back! dun let me break the code i tell u.... if i break then hahahaha HOLY SHIT !!! GOD LIKE !!!!