Consequence of unnecessary regulations 9/29/18

Guess what, I used to be able trade ranging markets with profits.  Now, with the low leverage the market has become DEAD silent.  There are hardly nobody trading the ranging markets anymore.

Why? It is because ranging markets travel such small distances that one is required to use high leverage for any trade to be worthwhile.  Of course, if you have deep pocket account than you would not need leverage in the first place.  Most people, however, are not deep pockets.

Most people just leave the ranging markets alone nowadays.  For hours, there are no new tick data.  This means the market is losing participants; no customers no business.

Guess what?  Forex market and Stock market are like twin brothers. If Forex market becomes DEAD then you can transfer your knowledge to the stock market.  But then the stock market will probably be dead next too with itchy hands on regulations.

Forex Rant after NFP 9/7/18

Greedy motherfucking market, do you understand I am in business and NOT in a hobby???

If I wanted pennies and dollars for my profits, I would of just work.  Anybody can get pennies and dollars from working.   I am not retarded; I do not want to waste my entire lifetime working just for small profits. All things add up, but adding up dollars and pennies do not go that far...  I rather add bigger profits, okay!

If my take profit is not hitting, I am not taking profits!

If you gonna travel ONLY small distance, at least UP the leverage back to 400:1 so I can bet higher and make money.

Hey, we all should be rewarded handsomely for being good.  No small profits please!!!!

Consequences of midterm to longterm Swing and Position Trading 9/7/18

Swing Trading and Position Trading are common, but there are consequences if held unecessarily long.  For one, there is a swap rollover price to keep in mind.  One either benefits from the rollover or pay for the rollover.

It is a good idea to use the below calculator to get a rough view.

Register for an OANDA forex trading accountInterest Calculator powered by OANDA

Over analysis and brain paralysis, no worries! 9/6/18

Hey, ever feel lost or insecure on your Forex trades.  Well, no more worries.   Now you can view what other traders are doing through OPEN ORDER BOOK along with open position ratios and the commitments of traders (COT).  This is like Texas Holdem with all cards revealed.

Register for an OANDA forex trading accountForex Order Book powered by OANDA

Register for an OANDA forex trading accountOpen Position Ratios powered by OANDA

Register for an OANDA forex trading accountCommitments of Traders powered by OANDA

Creating An Edge??? 9/3/18

In the forex market, everyone needs all the edge they can get.  Well, let's discuss the Risk and Reward edge.

I, for one, do not believe in RR concept.  Although the logic behind RR is great,  I see many times already that RR can be out the door if you enter trades in bad market conditions.  You will probably lose trade after trade after trades.  Such black swan event defies RR and thus RR will not help out much.

However, if you like using RR then this is the way I see it.  Use RR during good market condition. When one enters a trade, there are only three outcomes: you profit,  you drawing down, or you lose.  Let's consider a draw down as a lost. You would need a RR of 1:3 only to profit.

And therefore, remember that 3 is the best reward multiplier.   Anything higher than three, the market probably cannot reach your take profit area.    However, I say 2 is the best multiplier because if you subtract the profitable outcome from the losing outcomes, 3 outcomes - 1 profitable = 2 losing outcome.   All you need is actually a 2 multiplier to negate your two losing outcome, if any.

I have seen people using 1.5 as a reward multiplier because 2 might be too far away for market to reach.   If you use 3, then market probably will not hit your take profit either.

Expecting huge rewards above 3 multiplier to negate losses is almost like revenge trading; success is minute and not going to happen. Whatever you use as your Risk Reward multiplier, success with anything above 3 is not impossible but  rare and probably not a good idea. 

Forex Automation Any Good? 9/3/18

Automation is good; I mean it is seriously good that regulations have to change rules to lower leverages in case people make TOO TOO MUCH MONEY!!!!

Forex automation is known by the name as expert adviser, EA for short. Any how, how do one go about figuring what is a really good EA? Well, here are my take on what is a good professional EA.

• It has to be profitable on all time frames, down to the M1 or even tick level.
• It has to be profitable on most currency pairs, 90% above.
• It must enter/exit trades accurately above 50% thus providing good edge.
• Bankruptcy must never exist; EA must know to exit a trade or hold on to a trade.
• It must be personalizable; it can be configure to clients' liking without sacrificing profitability. 

Yes, these criterias will lead to success.

Economic Calender

Trading for business or for hobby? 9/1/18

Hey! Are we trading for hobby or for serious business?

For me, I take my trading seriously. When I trade, I believe I should try to maximize my risk to take full potential for maximum profit.

I don't need to provide examples, but everything have risk.   If there is risk, I want maximum benefit from my risk.  And usually, little risk leads to little profit and vice versa. 

Therefore, I suggest all serious traders to take maximize risk.  We don't have centuries to live.  If your like in your 50s, for example, trading pennies with even 5% to 10% annual interest will not get you no where to millionaire status.

People nowadays want millionaire and billionaire status only. Some need the status of wealth, but I see and need the lifestyle that goes with it.

How I trade and how I risk is up to me.   If I was guarantee eternal life, then of course I would not be complaining about low leverage regulation.  Wow!  Now we are no longer allow to risk that much anymore.  Man, I guess we just got to risk as much as we are permitted.

If you are too scared to risk for better reward, please get a job instead.  The only risk with working are limited to death form hard work, termination from incompetence, disrespect for not being independent, et cetera...

Now you know better; please risk as much as you can handle.  Of course, please take full responsibility for your own action.  And of course make sure to take trading as a business, meaning if you dont have the gut to risk then you better improve your confidence via mentoring or other forms of experience building activities.

Meddling Behavior, is it love or is it unecessary bad habitual abuse of power? 8/29/18

I believe there are way too much regulations out there especially in the financial industry.  For example, true Hedging is no longer allowed in the United States.   Additionaly, leverage has also been reduced somewhat and really reduced down in the European nation.

Well, this goes to show how ignorant some people are.   More rules leads to unecessary restriction and unecessary losses in business.  By connecting the dots, one can see that restricting customers success in reality is basically restricting business success, meaning less customers (if any left) equal less profits.

Perhaps in the end, winning will also be restricted and therefore, all forms of businesses are no longer allowed to exist.  No businesses means no people which means no country.  A country without people, is that not brilliant?

This is what I sense unconsciously.  What annoys me is that when the regulators were succesful, they see no need to add rules.  However, when others start succeeding, the system is no good and more rules must be added.

I mean new rules are constantly added to fix the system, yet we are not much different today than yesterday.   The only difference, we got a bunch of unecessary rules.

By rationalizing and then claiming they are saving the system, the country, the people from failure, they added way too much shit rules.

Well, maybe we should start limiting lottery ticket buys too because they have been winning way too much money.  People MUST be restricted to buy one ticket a year only because we are saving them money to pay for their rent, their food, their family, et cetera, et cetera.....

And then there are the casinos, we need to limit casino visits to once every decade only because we are saving them huge lost and it is for their own good.

I mean, people are getting money for NOTHING from the lottery and casino.  Why should people deserve to win when they provide really no service and yet manage to win and make money.

I don't care how things are, but in the end CUSTOMERS must succeed in order for businesses to succeed because the two go hand in hand.  It is like a circuit board, if  winning is disconnected from the customers, there exist an open circuit not allowing further flow to businesses.  Understand??

Trading Steps 8/26/18

This is for newbies.

1) If a daytrader, plan you trade at least 1 day ahead of time.
2) If a weekend or longer term trader, plan your trade once a week.
3) Know your setups, your entry/exit ahead of time.
4) Have a checklist and when price meets your requirement, enter your trade be with or without stops.  Just make sure you know your entry and exit ahead of time.
5) Make sure you make money.  If you ain't making money, your process is not right. 
6) Again, profit is indication of good process.  And no profit usually is indicative of bad process.

Whether you are winning or losing, always review your stuff to improve be with or without a journal.

Trade Prediction for AUDUSD, 8/26/18

I believe the AUDUSD  down trend is clearly OVER.   Now, does that mean people should start buying.   If you have a fear missing out on trade, then go ahead.   Early birds mostly get the glory but not all the time.  Just do not blame anybody when you make a trade.

AUDUSD right now is undergoing rough consolidation.   This means it can make strong move up and strong move down like a spring that goes up and down.

A strong move up does not mean the start of a long trend.   And a strong move down does not mean the continuation of a downtrend.   Yes, the down trend is OVER but this does not suggest that a long trend will start immediately.

Wait and see where the market will lead us and then follow.  Let the market carry us to the pot of gold.

Forex Tip 8/26/18

Stubborness is the death of many a traders.   When I wrote death, I mean busted account of traders.  My system is about flexibility or about going with flow.  Imagine a sailboat that is stubborn, it will probably break down and sink.   Now, imagine a sailboat that is flexible that goes with the flow.

TIP #1 Don't trade based on patterns: most patterns are too subjective and can be argued.

Rather, trade on what plainly you see.  Your eyes are the best evidence source, use them.  If the river or the market is flowing up, then plan your trip accordingly up.  If not, stay out.   Likewise, if you see river flowing down, plan your trip accordingly down.  If you don't have trip plans going that way, then stay out.   Rinse and repeat.

TIP #2 Dont' panic when things go sour.

A river can be curvy and stormy.   If you cannot handle, then get a mentor.   If ego gets in the way, then do something else.  This market is about making money and not about building ego.

Forex Rant 8/26/18

Wow.  There is so much money to be made in Forex, yet people are not in to reap the rewards.  I guess people are either too ignorant about this market or too busy wasting their life away on something.

Anyhow, Forex is just a brother of the Stock Market.   They are basically the same.  If you know the Stock Market, you basically know Forex.

Personally, I prefer Forex because my head likes to stay focus.  In the Stock Market, there are way too many companies to research.  My head is limited and not loaded with gigabytes of memories.

My ranting is not organize and not coherent, I write on the spur on the moment.

Anyhow, people need to get into this market and start trading.  There was a law, The Law of Pareto, that I once admired.  However, it is out the door.   Basically, this law says 20% of your work or effort brings out the result and 80% is useless.  Hmm??? I doubt it.  Thinking like this and I will certainly not use my bring capacity or effort to its  fullest capacity.  I will always be doing 20% only, not good!

Stubborn people still use Pareto's law but not me.  Majority of people know this law and follow this law, yet 95% of people are always losers.   I think I see a relationship.  Follow this myth and YOU WILL NEVER gain experience because you are always down in the 20% capacity only.  I hope you get it.  YOU NEED "live" experiences as much as many as you can NOT just 20% of the time!

If you have to lose some money so be it because it will all be the worthwhile.   All businesses have costs such as storage cost, inventory cost, and employee cost.  Let go the greed and accept the cost as worthwhile expenses for greater profits.