2007 Elisa with Mom and Dad

Forex- Safe Entry

1. Determine the trend
Look at Stoch 20 and 50, where are there:
uptrend- 20 above 50, downtrend- 20 below 50 ( better if they are apart)

2. To go short, the respective signal lines must cross down 20 and 50 respectively
The reverse is true for long

3. Look at the Nonlag MA, Blue for long and Red for short

4. When to take the trade?
when 20 and 50 have crossed their signal lines, now look at 5 for overbought/oversold
to maximise profit.
when 5 crosses down, wait for nonlagma to change colour to RED for short and the reverse
for long when the colour changes to Blue
5. when all confirmed take the trade at the end of the candle( next candle change'

Elisa with Mom & Dad-Oct. 2006-Aidilfitri

 

That's me 

Car of the future

Yik posing at PWTC Motor Show 

At my kebun Hulu Langat

 

Forex mini Account

If you are new to forex trading, start with mini account.
This is what I am doing, you can open an account with just USD300 for a lot size of USD 10,000
You start with one lot i.e. USD100 margin required for USD10,000.1 pip value=USD1.00
My target profit is 100 pips per week, my maxmimum risk per trade is 20 pips, target profit per trade is 30 pips

As I increase my account balance to USD 500, I may trade 2 lots and you can increase the no. of lots as you increase your balance.Do not be greedy, evaluate your skills as you go along.
When your acount grows to USD 10,000, you can open a regular account with a minimum amount of USD2000.For USD1000 your lot size is increased to USD100,000
You can remain with mini account as long as you are comfortable with it but the reward is not as exciting if you do not play the regular account.
Forex is rewarding but at the same can kill you, There is a lot to learn and don't be fooled by greed.

Life Journey

Life is a journey(n0 resting place). This journey is based upon toil and hardship of life, an affliction and tests and the acceptance of dangers and great terrors eg. tsunami.
The traveler needs to learn what is useful from each situation. the world is the place of resposibility, trial and works.