When Alpari's 'Autochart' comes in handy. :)

Both beginners and experienced traders are concerned about the right time to enter the market and when to close a position. Which technical analysis patterns are appropriate to use? And, most importantly, how does one trade effectively on Forex?

Alpari offers a service which can help you answer these questions. This service is Autochartist, which combines different methods of classical and technical analysis and allows a trader to make use of it without possessing in-depth knowledge of the sphere or spending hours at the computer trying to make sense of patterns that are just forming.

Autochartist recognizes technical analysis patterns on charts, assesses them and predicts future market behavior, giving timely signals of any significant trends.

You can use this service to confirm your trading results as well as to develop your own approach to the market and your understanding of methods of technical analysis.

This service will alert me on development of certain pattern in different time frame. It's easier for me to plan any possible position, most of the time I use hedging technique. I love to hedge the position in trading, it's set and forget technique. Get your Automated Identification of Technical Analysis Patterns HERE.

Here is one of my trades based on Autochartist.

This is Autochartist service from Alpari. It's a complete pattern. This service will alert you when certain pattern is emerging. I set all the pending order and went out for some shopping with my wife. ;)

As in Autochartist shows the interval emerged in 15 minutes time frame, open up TF15m and look for the support and resistance. In the picture above, I may mistakenly wrote support at above and resistance at below. But, what the hell. I set 3 pending order as usual at resistance and set take profit with the most lot at first take profit (TP1), second most lot at TP2, and the least lot at TP3. So did for pending order sell.When I back home, I feel like I am actually get paid for shopping! Voila!~

The image above shows I put TP 3 (for buy!) at bigger support in time frame 1 hour. The chart does not show any indicator as I want to keep my indicator stay hidden. Remember what Bill William said? "The best indicator is our two eyes." Happy trading! :)

Register with Alpari today and try this amazing service for free! Click HERE for registration.

Bought my first DSLR, Nikon D90.

Travelling has been my lifetime passion. Getting one of the best-suit-me DSLR is a bonus to me. I have Sony HDR - XR550 Handycam for video capturing, but, DSLR is something else. Saying it once is not enough, SOMETHING ELSE. LOL!

To be a good photographer, first we need to know from which view is the best to capture the object. The best view here is subjective. Looking from photographer view, has been always a better perception. It's not different from life. When you say, "this is the worst thing happened in my life...", well, look again, you might miss the best spot to view the matter. :)

p/s : Selamat menyambut hari Merdeka, Malaysia. 

Happy Ramadhan 1431 Hijri / 2010

"And He gives you all that you ask Him : and if you count Allah’s favors, you will not able to number them...” The Holy Quran [ 14:3 ] 

Assalamu'alaikum (Peace be upon you) everyone. 

My family and I wish you all for a happy and prosperous life on this Ramadhan and always.

How about we spend for the whole month to chase all the chances to do all the good deeds. Helping the less fortunate one, do a lot of charity works, be a good child to our parents, be a good brother and sister, well, I don't have to list all the good deeds here as Allah S.W.T gave us lots of choices, chances and ability to do that. But remember, let all the good things we do kept only with us silently. HE is THE ALL KNOWING. 

I started this post with a very meaningful phrase from The Holy Quran. When I learn about the law of attraction, the law of connection, the psychology of trader, art of war, how to be a success people or even how to get rich (I just quoted some of the idea or book that I like), I found that ALL this idea is in The Holy Quran, explained in the way Allah S.W.T wants HIS servant to learn. Bless for Muhammad Rasulullah, PBUH, HIS last messenger. 

It kept coming to my head, for Allah S.W.T everything has the same value to HIM except the people who have the soul of taqwa. So, there is no different in value to Allah S.W.T, either it's Ferrari, Big Mansion, USD $90 billion worth of bonds, or the old broken lamp in the dumpster. Allah S.W.T is The Creator for everything. We could ask for everything in this world, HE gives us the way to get all that with certain ways, but in the end after we get it, we dare thank to other than HIM....?! All HE asked us, the servant, are only to worship HIM and nothing else, do what HE asked us to do, and leave everything HE asked us not to.  If, every breath we took in life here on earth (one of HIS planet), and HE charged $1 Euro, could we pay that??? That's only two pleasures, the ability to breath and oxygen. I'm not talking about other pleasures, provided by Allah S.W.T The Merciful, like family, technology, knowledge, eyes, hands, sense, feeling, water, sun, air, food and all. What is right or wrong to us? Just because, other said it is right, so it's right? or because the majority believe it is wrong, so it's wrong? or what Allah S.W.T told us what is right and what is wrong? One of Allah's pleasure is our brain, now, feel free to use that.

I've came to various blogs, condemning that Islam taught people to be terrorist. Oh my... This kind of people by far still unable to use the thing inside their head (It's call brain, got it?). Let's us use some logic;Muslim population. There is a problem with the population part because different sources show different numbers but at times vary greatly for instance Wikipedia shows 1.57 billion Muslim population as an estimate for 2009 while http://www.islamicpopulation.com/ show a staggering number of 1.82 billion Muslim population in the world. The world population now is estimated 6.8 billion people. I rounded for easy calculation, 1 Muslim in every 6 people (1 : 6) and counting. Well, if Islam taught Muslim to terrorize the world, is this the same world we know it today? Or would I write this post and you read this inside some bunkers or something? Allah S.W.T The Loving, gives us 'Time' to be one of HIS pleasures. Every tick is an opportunity for us to learn. One of human best behavior is curiosity, so keep learning, use all the senses you got. The first word in Quran revelation is 'READ'.

I'm so grateful for a wonderful journey in life to Allah S.W.T The Generous. I ask only from YOU. Keep me as YOUR good servant.

Subhanallah. Alhamdulillah. La ila haillallah. Allahhuakbar.

  

I am an official Introducing Broker (IB) for Alpari

Hi guys.

I'm the official IB for Alpari.

You can check more about Alpari here at www.Alpari-Forex.com

There are lots of reason why I trade with Alpari. The main reasons are :

1. THERE IS NO RESTRICTION ON SCALPING AND HEDGING.

2. ISLAMIC ACCOUNT/SWAP FREE ACCOUNT IS AVAILABLE.

3. NON-DEALING DESK/ECN TRADING.

4. LOW SPREAD.
5. REGULATED.

Anyone who register with me, I will provide with some very useful materials. ;)

Skype me @ Andrenoidx .

=========================================================================

Salam sejahtera.

Kepada traders daripada Malaysia,
Saya adalah IB representative kepada broker Alpari.

Sila add saya pada skype untuk apa-apa pertanyaan. ID Skype saya adalah Andrenoidx.

Check out Alpari website :  www.Alpari-Forex.com

Good advice to all newbie; I mean all of us! =)

One of my colleagues sent me a very interesting email about how he starts his trading session with reading all these tips/advice first. Hope we can LEARN something here. I said "LEARN", not "COPY" am I clear enough? :)

MY DAILY GOALS

1) Try to get at least 100pips and more
2) Take risk 5% each trade
3) Never change Stop Loss that I already setup
4) Break even or lock at +1 when in 20pips profit
5) Always put Trailing Stop after in profit condition

MY VISION

1) Discipline with my rules
2) Positive thinking
3) Positive mindset and attitude
4) Act with my own best interest
5) Responsibility the result taken
6) Learn to accept the risk
7) Mental flexibility (flow with the market and cut my losses)
8) Make myself available to take advantage of opportunity
9) Action on my belief
10) Remove negative charge mental (fear, pain, anger, frustration)
11) Don't afraid and hesitation

MY GUIDELINE IN FOREX

1) I objectively identify my edges
2) I predefine the risk of every trade
3) I completely accept risk or I am willing to let go of the trade
4) I act on my edges without hesitation
5) I pay myself as the market makes money available to me
6) I continually monitor my susceptibility for making errors
7) I understand absolute necessity of these principles of consistent success and therefore I never violate them

MY PROBABILISTIC MINDSET

1) Anything can happen
2) There is random distribution between wins and losses for any given set of variables that define an edge
3) An edge is nothing more than an indication of a higher probability of one thing happening over another
4) Every moment in the market is unique

Broker... Broker... Broker...

Hi everyone!

How's 2010 been so far for you guys? It is my hope that you guys having a consistent profitable trade so far, could be double, triple or more your account than last year. It's been great for me too, life, business and trading. FYI, I've just married last June and now my wife shows a great enthusiasm to be a fulltime trader. Keep on working toward that, honey! ;)

I got many emails, asking me about which FOREX broker that I use and which one I most likely recommended. I try to answer them all here at once. First, I need to emphasize here that Meta4 is the best reference platform so far, so I use Alpari's and ACM's for my graph reference. For trading, I'm using Oanda (www.Oanda.com)platform since last two years and Oanda has been a reliable broker for me, UNTILL I fall in love with a strategy calls 'Hedging'. As a U.S broker, Oanda tied with NFA (National Future Association) new rule, NO HEDGING! You can check that policy here : http://www.nfa.futures.org/news/newsNotice.asp?ArticleID=2273

To execute the position, I highly recommend to use any broker with ECN (Electronic Communication Network) or STP (Straight Through Processing) so it wont be any requote problem. I will discuss this matter in next post. By the way I never use instant execution to open position, I only use instant execution to cut loss.

Yeah, there is a loop hole for NFA rule, to hedge the position by using two different accounts. One account for buy, and another for sell, but that also means I need to split up my capital, and there it goes margin calculation all the way. I found that, using this way makes me not really interested to hedging. One solution now is LOOKING FOR ANOTHER BROKER.

I started to list down main criterias : Islamic account (No Swap), Regulated by government body, PayPal or Credit/Debit card transaction, Outstanding Client Service(Oanda has been so great at this), NDD (Non-Dealing Desk), no restriction to hedging and scalping, low spread and ECN or STP brokers. So far, some brokers caught my attention, they are Alpari, ACM, Instaforex, & Marketiva.

Starting on May 3rd, I give myself three months try out with real account for all four brokers. By the end of this try out, I will pick one broker. For now, Alpari, ACM and Marketiva have been great. But, let's see how thing is going on for another month. :)

Happy New year everyone! May 2010 gives us more opportunities to make money. ;-)

Hi there!

How's 2009 for you guys? I hope to those who already trade the real account reached the profit target, and to those who still in demo account or new in FOREX, keep it up and all the best in trading for 2010.

2009 has been a great year for me. FOREX has given me the unimaginable things (At least it's to me few years back!) ; Freedom of time, financial freedom, positive thought, strong mind set, expanding my circle, and the life which I really grateful. Thank you Almighty God!

I still remember when I was new to FOREX, I spend the whole day and night researching about 'what is FOREX?'. I just like a kid who just find out what the video game is. This process continued for the whole month and then for the whole semester in university. I have been to some Forex mentor classes and I must say, most of them are making money from the class instead the trading itself! Don't fall for these scammers.

Most of the knowledge I gained are from some forum sites which give me lots of useful knowledge, updates and a place where I can discuss all the matters with others. I have spent countless hours reading from my PC's monitor and to me at that time, sleeping is only waste of time. Most of the time, I wake up with a headache.

I have traded with lots and lots of strategies or systems or not to forget, the robot! Some are very profitable in a good market move and then the disaster comes; swipe all my money in the bad move. The consistency of the system has always be an issue for me at that time. I changed my trading systems frequently. The process of testing all the systems has taken for almost a year for me. I call that year as ' the year which I actually learn something!'.

After a while, with all the bad thought started to come, I make a move on the chapter of psychology, which the chapter I always avoid to read. This is when I found Bill William's book. Then slowly I realize that psychology is the most important factor to win the trade. I learn how to combine the right psychology with the right trading system can be very profitable. Good psychology (Emotion) + Good money management + Good trading system = Lethal combination!

I think of myself, I'm lucky enough to live in Malaysia. Tokyo open is at 8am here, London open is at 4pm and New York open is at 8pm. FYI, I make most money at all the three market open and you can bet I can sleep soundly at night.

Today, I glad to say, I finally live my life. I have a strict financial target which usually goes like this; "This year alone I'm going to make $---,---.-- and if not, I better think about 9 to 5 job.". I will do everything within my power to reach the target. At the moment I allocate some of my fortune investing in some conventional businesses and properties under my company 'Think Big Enterprise'. Reading 'Rich dad, poor dad' really open my mind about the importance of financial knowledge. Whatever businesses that I'm currently involve, trading the currency market has always been my passion. Yes, it has been less interesting nowadays for me, but hey, I can make money every single day now!

Borrowing the words of wisdom from Robert T. Kiyosaki : "It is not real estate, stocks, mutual funds, businesses, or money that makes a person rich. It is information, knowledge, and know-how, a.k.a financial intelligence, that makes one wealthy."

p/s : To those who still doesn't know : Since I already use Trader's Log software (handy one!), I record all my trades there and not really has the enthusiasm to update my trade here in this blog anymore. I'm thinking of changing this blog's title to my life as a trader. For personal reason, I put some pictures of my life in 2009. It reminds me of how wonderful the life can be. The weekend car, close buddies, my first condo, and my girlfriend who stands by me through thick and thin all this time. Great GOD, thank you!

Have a good day everyone!