Alex koh

Re: The L.M.T Forex Formula

Can someone direct me to the LMT 1.8 download mirror?

Thanks

Re: Black King

page not found,pls reupload again thanks

Re: Dinapoli indicators

thanks for the indicator

Re: Why Not to Trade MA Crossovers..

MA can always NOT be traded as a standalone.

You will need confirming indicators to suit it but 1 way you could migrate that risk is by moving to the daily chart.

I am not sure if you all have realize that your odds increase expotentially if bigger time frame says down and you look to short it in lower time frame.

It is all about how you trade only when favorable factors are in place for you.

Re: Is M5 scalping dead?

Any kind of time frame is possible to make money

But the smaller the time frame,the higher the skill level is required however the bigger the time frame the more buffer you need to have in your capital account.

Most successful traders will trade off the daily chart but that's because they have a lot of money and they can afford to just ride on the daily. But most small retailers resort to trading 5 min because they want fast profit.

1 advice that i can give to people is when you are trading on 5 minute you should look at the 30min chart as well,if they are both showing the same buy signal,it gives a greater credibility to taking the trade.

End of the day what you should be trying to do is not trading super frequently but only trading when the odds are lined up for you to make profit.

Re: MoneyManagement material

There are 3Ms in Trading

Mind,Method,Money Management(I'm not the author of these 3Ms,you can find it if you read forex books)

Mind - This is our psychology,there are some people who have done exceeding well but they could not make money when real money is involved. This is something that only the person can discipline himself/herself on

Method - There are MANY indicators,signals out there that tells you when to take the trade so how should you decide on how to take the trade? There is no holy grail in the market and for this type i believe it is more of just how you get used to how your indicator looks before you know you have a high probability setup. Another important thing you must understand is whether your setup is suitable for Trending Market or Ranging Market as this will determine how well you fare. If you do not know this then you had better go and think about it.

Money Management - This is the tough part for most people because you should not be risking more than 8% of your capital in a single trade(this is my rule) And 1 should not have more than 3 trades per day(1 trade = open and close) because the more often you trade,the easier it is to burst your account.

All it takes to be successful for trading is discipline. The rest you can pick it up along the way but discipline is something many people lacked.

Re: GBP / USD

Had a short on Gbp/Usd yesterday at 16446,took half of my profit at 16340 and half still running.

Based on my 1hour chart unless it can recapture 16410 again the downward momentum will continue.

I use a simple 1 hour system

with a 25EMA as my trend direction

I hope to attach how my chart looks however i don't have a clue on how to do it yet.

P.S Short term support at 1.63 and 1.6260

Resistance at 1.6370