Thursday, August 27, 2009

APA GUNANYA ENGKAU HIDUP JIKA...

1. Sekadar untuk membuat kerosakan di muka bumi

2. Tiada niat untuk berbakti kepada kedua orang tuamu

3. Sekadar untuk bermegah dengan harta duniamu yang tak seberapa & sementara

4. Kamu tidak berbakti kepada bangsa dan negara

5. Tiada cita cita untuk berjaya dan menjadi insan berguna

6. Sekadar untuk leka dan bersuka ria...

7. Engkau pemalas...

8. Asyik menyusahkan orang lain...

9. Engkau ni tak berguna satu sen pun... sampah masyarakat...

10. Engkau tak mahu hidup lagi...

Tapi janganlah sampai membunuh diri, tiada tempat untuk kamu di sana nanti...

Kalau tanya aku, memang selagi nyawa dikandung badan, selagi itu aku tidak akan berputus asa untuk mengejar cita cita aku. Biar keluar air mata darah sekalipun namun aku tidak akan berputus asa, lebih lebih lagi selagi kedua orang tua ku masih ada untuk aku berbakti kepada mereka.

Pada aku, usaha itu sendiri merupakan suatu kepuasan sebab kejayaan itu bukanlah suatu destinasi, tetapi lebih kepada suatu perjalanan yang tiada penghujung, selagi hayat dikandung badan...

Sekadar renungan bersama...


Monday, August 17, 2009

CAREFUL WITH YOUR EXPECTATIONS...

One of the thing that keeps me amaze about forex market, or perhaps any stock market in this world is the behavior and its response towards certain news and sentiments. Really, you just can't tell how it will respond until it responds.

As an engineering student and electrical engineer who derives equations based on logic and purely technical calculations, I always stick to the rules that if A=1, B=1 and C=2, then A+B would always equal to C all the time, with some slight deviation and acceptable tolerance, say 5% for example.

But then, in this market where numbers and trends are purely based on human's reactions, it simply behaves the way it wants without any particular set of rules.

For instance tonight, I was on long position for the USD/JPY pair, waiting and anticipating good news from the US. It was indeed good news, in fact siginificantly beyond the expected figures.

My expectation is simple - without any doubt, this pair should go up...

Waiting for more than one hour now, the pair indeed moved a few pips up, and then it stays there as if nothing happened. And by the time I am writing this, it starts moving south already. This is bad. Today's low is at 94.34 and my stop loss is at 93.80. I don't feel good about this position, but I will need to assess the strength of the price movement before any decision can be made whether to hold or quit this position.

The point that I am sharing here is, careful with your expectation. The market hardly listen to you so play along the way the market behaves, not the way you expect the market to behave. The fact is they never behave... ;)

As a friendly reminder, the market is not your friend. But at the same time, they are kind of enemies that you can never fight. So, let us pretend to be their friend and do all the necessary things to our advantage so that they will never kill us. The rule says - if you can't fight them, join them...

Whether you agree or not, in this kind of friendship... you don't have to be honest... haha...

;)

Friday, August 14, 2009

EVERYBODY IS LOOKING AT THE SAME CHARTS...


My Trading Station

One interesting fact about trading that most newbies tend to neglect is the reality that thousands (if not millions) of traders all over the world are basically looking at the same price charts that we are looking at too.

Well, eventhough you may ask - so what?, the fact is, this is the number one reason why price movements are so-much driven by the psychology of human beings.

The basic mechanism is basically a self-fulfilling prophecy in which you act accordingly to what you believe. It is getting into the collective consensus on what the majority of market players believe that remain as a challenge.

Berbatov from Bulgaria may buy 10 lots, Robert from US may sell 50 lots and Ah Chong from Singapore may wait to either buy or sell 100 lots until the signal is super clear to him.

The question is : Are we trying to outsmart each other here? I believe the answer is yes. In fact this is what trading is all about. You are buying with the hope that the price will move further up and you sell in the hope for the price to move further down.

Either way, you are subjective to your own opinion. If the majorities (especially the tycoons and institutional traders) are not in consensus with you, then you are surely in trouble. Getting it wrong once in a while is indeed ok and pretty normal. But getting it wrong 9 out of 10 times would probably tell you that there is something wrong with your market analysis and decision making.

Perhaps you play the market the way you want it to be, or you tend to move against the market 90% of the time. In that case, you have no choice but to re-check what you believe and analyse whether it is worth to stick to your current system (if you have a system) or otherwise.

Lately my trading skill is getting better each day especially with balance approach between both technical and fundamental aspects of the market. Everytime I am in front of my trading station, I try my best to time my entry base on hourly and 15m intervals, apart from emphatizing what the market is doing from the price actions it self.

It seems that everytime I told myself that I could get this wrong, it tends to be otherwise. What I am saying here is that though I may feel 100% confident that the market will move the way I see it, I still keep myself down to earth by telling that I could be wrong. Using this humble approach improves my risk management calculation apart from being realistic with my trading expectations.

Only one thing, news time are still the most dangerous, though profitable period that one should give additional attention. It can be traded for sure, but not using the set and forget system as volatility during news hours are too unpredictable. So the best way to trade the news is simply get in and get out at the right time, or perhaps just don't trade the news at all.

So, the fact that everybody is looking at the same charts give you the ideas that the move is surely motivated on what the market participants are doing. It doesn't move on its own. Somewhere somehow somebody at the other end of the world could probably be buying or selling the pairs that you are looking at that triggers that slightest (ie 1 pip) or avalanche of pip movements.

;)


Tuesday, August 11, 2009

7 HABITS OF HIGHLY INEFFECTIVE PEOPLE...

Lately I've been dealing with quite a number of difficult people around the office and among them all, I do realize that these difficult people are living within their own world without really care what others may think and perceived who they are personally.

The problem is, they never ask for feedback and hardly open to any criticism. Perhaps by the time they realize what their bad habits are, they could be the last one to know...

Anyway, listed belows are the 7 common habits of highly ineffective people, from my personal observations:

1. Poor Time Management
- They hardly respect other people's time and drag every single discussion to a point when almost everybody forgot what the meeting is all about. In their opinion, anything that could be solved within 5 minutes is not an effective solution.

2. No Respect on Others
- They think highly about themselves that they tend to be overly dominance in every single communication.

3. They are always right, no matter what...
- Talking to them is always a one way traffic. Tell them they are wrong and they tell you your weaknesses straight away...

4. They never listen...
- Quite relevant to point No 3. They always talk but hardly listen, hence tend to say the same things redundantly.

5. They are always busy, and always trying their best to look busy.
- Whoever seen sitting around doing nothing is purely useless, even though you just returned from a 4 hours job under the hot sun at the construction site.

6. They think they smart, but most of the time, they are not.
- They tend to BS and appear to know everything. Check their facts every now and then and you will realize that more than 50% of what they said were probably not true.

7. Every single thing dealt with them tend to be very complicated and difficult, regardless of how simple the solutions may be... well, that is why I call them difficult people.

Well, there are more elements actually. But I believe the one listed above are among the common traits that anyone should observe when dealing with these diificult people around you.

Our job is not to be despised by them. Instead, take it as a challenge and learn to handle them accordingly. Normally, everybody is good from the inside, it's just that they didn't get the necessary helps during their younger years that turn them into someone that almost (if not all) everybody hates when they are older.

Well, no one's perfect right? Just be yourself and try not to fall under this category as you may find it difficult to find a good friend later on.

Just sharing my 2 cents though.

Thursday, August 6, 2009

PERFECT TIMING DOES MATTER...

Sharing is caring... that is always the idea of having this blog of my own as I want to store my experience, knowledge and skills somewhere in the cyberspace so that apart from myself, I could share it with anyone who wish to read and evaluate the quality of my writings.

Anyway, back to the above subject.

As I wrote before on my interesting journey in this trading world, the deeper I get into the market, the more fundamental and humble I become. Why?

Ok, to cut the story short, I have been focusing so much on sound money and risk management on how to grow my account safely but surely. The idea of risking 3% and below is indeed the best thing anyone could and should do to his/her account.

But... there is a problem with this. When you thought you have the discipline of doing the right things, you tend to believe that the market will somehow reward you for your patience and dilligence in trading by the rules.

The truth is, the market never cares.

They are ruthless and brutal. Whether you're there or not, it doesn't matter at all.

And if the game is named after mercy killing and heartless crucification of your account, can you play the game by the rules all the time? I personally believe the answer is definitely a BIG NO NO.

So how?

You got to take it seriously and focus on accuracy as well. Whether you risk 1 dollar, 100 dollars or a million dollar, all that matters is that you got your entry right and with precision. Get in and get out at the right time base on your own analysis, not others.

Being too rigid, too afraid or too greed does not help you in becoming profitable.

Surely you won't be able to capture 100% of the movement, as getting anywhere between 30% to 50% is already good enough. You just have to take your chances base on trading signals with of course, calculated risk.

My point is, in order for you to make money, you got to have a plan and get it right at least 60% of the time, depending on your risk/reward ratio. Whether you made a penny, a dollar or thousands of dollars, you are good as long as you don't lose your money.

But once your money starts flowing out to the market, you have to either stop and time out, or restudy your approach and entry strategies.

In conclusion, just get your entry right. When you're right, maximise your profit. Use both technical and discretionary approach for your exits.

But if you're wrong, don't blame the market. Just get out and stay out. Fighting and chasing the market will bring you nowhere but a confirm doom to your account.

Sooner or later, you will see that the market will come back to entice you to be in... Just stay tuned with them and take your chances accordingly to your analysis.

Good luck.

Wednesday, August 5, 2009

JUST BE THERE WHEN IT HAPPENS...


Looking at the market rally on last Friday and yesterday gave me an insight that market will move when the time comes. You just have to wait and stay patience as sooner or later it will happen. You need to believe and wait.

Nevertheless, myself to be considered unfortunate enough, I was away from my trading station on both occasions with Friday on the way to KL and Monday outing for bowling training.

You see, I have been waiting for such mega breakouts for weeks and when it finally happened, I wasn't there to participate. Should I call it pity or simply plain unlucky?

The thing with junior traders like me and perhaps most of you out there, we all like to chase the market from day to day, hoping for miracle things to happen when it actually not happening. We buy at the top and sell at the bottom.

We always do the wrong thing and seldom do the right things, what most professional traders do. We waste a lot of money guessing and trying to outsmart the market, putting unrealistic hopes and going against a clear trend as we do not want to be among the 90% traders who lose money.

But in the end, we still lose our money. Why?

I guess this is the reason why ---> We spend too much time getting into the market without proper insights and planning on what is happening. By the time the big move actually happen, we are already out of the game.

The heat of forex game is simply interesting but killing. At times, I must admit that I did throw my little mouse over the keyboard as a sign of dissapointment and frustration especially when I got it wrong on a losing streak.

Anyway, personally I learn a lot about myself from this trading game.

It teaches me to be humble, patience and what discipline is all about. I believe the secrets of successful trading really lies within oneself.

If you know how to operate yourself dilligently and proficiently, chances are you will survive and prosper in this interesting market, where trillions of dollars are changing hands each day.

Most people could talk and teach the techniques of forex trading. But when it comes to the battlefield, when rubber meets the roads, then it is NOT EASY indeed. Imagine yourself sailing on the open sea with perfect storm coming on your way.

Quick decision is deemed important. If you make a wrong choice, do not talk about profit as survival is a more accurate subject to be discussed.

Hence, the keyword today for my trading is OBSERVE. One must learn to observe and do nothing in order to read the market with precision. Money management is important for sure, but getting in and out correctly at least 50% of the time is vital for your prosperity as well.

All the best.

Tuesday, August 4, 2009

KERANA PULUT SANTAN BINASA...

Aku baru je deactivate akaun facebook aku selepas genap seminggu aku guna...

Sebab-sebab:

1. Aku kekurangan masa.

2. Aku tengok dalam facebook 'nawaitu' nyer bagus untuk mengeratkan silaturrahim tapi ada member-member yang takde akal tu meninggalkan komen yang pada dia lawak tetapi berunsur fitnah, menjatuhkan air muka dan menyakitkan hati... especially bab-bab makanan ni sgt sensitif. Aku memang takkan maafkan kenyataan dia tu... terus terang memang terbakar darah aku baca apa yg dia tulis tu (yg pada dia lawakla kononnya)... takpe, nanti kau...

3. Yang paling penting, aku rasa memang dari dulu malas nak layan facebook, friendster dan yg sewaktu dgnnya ni sebab ader byk lagi benda lain yang aku boleh buat dengan internet.

Oklah, dipendekkan cerita... kepada kawan baik aku yang dekat facebook tu, kalau kalau la kau jumpa aku nyer blog ni, tulisan ni mmg khas ditujukan pd engkau... engkau tau engkau siapa so tak payahla aku bgtau nama...

A. Jgn anggap semua benda tu lawak... nanti kena btg hidung sendiri tak boleh tahan...
B. Jgn dedahkan keaiban org walau pun betul sekalipun... ini kan pula yg berunsur fitnah.
C. Seorang sahabat yang baik akan sentiasa menegur kelemahan kawannya tanpa berselindung.
D. Sebelum tulis apa2... fikir dahulu... apa salahnya tulis benda yg elok2... apa untung ko dapat dgn menyakitkan hati org lain, buat kena sumpah je adala... ingat lah awak tu dah ader anak... bagilah contoh yg baik... kalau bujang lain cerita...

Cukupla tu... tapi memandangkan ini blog aku... alang alang menulis tu aku nak tulis la jugak satu dua benda untuk peringatan ko, sekadar suka suka...

- ingat tak dulu ko nak gi dating dengan p***h pun pinjam kereta orang... ko sendiri pun takde kereta... ko tak malu ke?
- ingat tak dulu ko nak ayat dia pun tanya org... ayat sendiri pun tak tau... buta kayu ke?
- ko ingat budak rumah tu suka sgt dengan lawak spastik ko tu? engko tu syok sendiri ko tau tak...
- ingat tak dulu tiba tiba sabun terpelanting ke shower aku tak tau datang dari mana... rupanya dari toilet sebelah... berbuih buih tu... ko buat apa dgn sabun tu?

Hmmm... Cukupla tu... nak tergelak pulak aku tulis benda-benda ni... yg aku nampak ko ni berkawan tak ikhlas la... hati ader hanyir sikit... tapi takpela sebab aku pun bukan ader nak jumpa ko hari hari so 'just forget about it'... aku tulis ni pun sekadar nak melepaskan apa yg terbuku so aku tak payah simpan benda ni lama-lama....

Apa dah...

hai tak tau la apasal... malam ni aku hangin semacam... forex untung tapi kepala memang angin... mungkin sebab projek revamp aku yg tak siap2 ni... bos aku janji dapat "kembara" minggu lepas... rupanya dapat basikal brand "kembara"... cis...

;)))

Monday, August 3, 2009

TURN USD50 INTO OVER USD100K IN 12 MONTHS WITH FOREX...

Is this possible? Have I done it? It sounds too good?

The answer lies within you... use this simple formula... no charge and absolutely FOC.

In order to reach such level... you have to apply my TWPPD Formula...

TRADE WITH PLAN, PATIENCE AND DISCIPLINE... easy said than done for sure but this is the formula to supplement the technical calculations...

In simple terms... all you need to do is double your account each month in such a way you need to generate 5% from your equity on daily basis x 20 trading days in each month...

So if you start with USD50, all you need is to generate USD2.50 per day without fail... looks simple huh! Indeed... but not so simple... so later when you reach the USD500 level, you just need to generate a meagre USD25 daily... so on and so forth... that's it...

Do this dilligently and you'll be surprised that a 50 dollar account in January could turn you into a 20% millionaire status by December...

Do your calculations and see how it works... This is indeed realistic... all you need is TWPPD...

Details? Feel free to email me...

Have A Good Trading Week... so many news this coming 2 weeks... watch out!