Time to say good-bye to Forex and IC Market. I decided not to pursue another try. It's just a waste of time and money. Due to high swap cost, this strategy won't work in the long run.

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image Finally Yen is getting strong? I have decided to deposit another $500 to this small account. My money management was wrong with this small account. I will play with smaller this time.

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Actually, after blowing off my account, it seems the long waited correction has been started finally....... Mr. Murphy's law works again.

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I have blown my small MT4 account again playing with WCU strategy.... I shouldn't have touched Gold. Gold is too big in size to trade with this small account. Holy crap..... image image

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Yes, day trading is by nature frustrating time to time..... And many people give up trading due to this. Welcome back by the way.

Break Through Trading

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Why CCI (Commidity Channel Index) works? ChatPT says: The Commodity Channel Index (CCI) is a versatile technical analysis indicator developed by Donald Lambert in 1980. It is widely used in financial markets to identify cyclical trends in ...

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April25-May25-June25 butterfly: image Margin is $262 at this time of writing. Pending sell @ 0.200.

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It was a losing trade. If I closed it before the last trading day (26th), my loss would have been about $250. Instead, I decided to trade during the last trading day, which was turned out to be a very bad idea, and my loss increased to $1000 due to ...

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Not sure why you need other platforms if you trade forex exclusively. Actually, MT4 is a pretty much decent platform to trade forex I believe......

MetaQuotes "This is the last MT4 upgrade"

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All the mess up. Typical indecision, choppy day. Perhaps no good oppotunity today..... image image

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Many people must have been caught by this fake move if they were trading now. I haven't. Patience ............. image image

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The main problem of day trading is you have to sit and watch screen constantly for 5-7 hours. For examle for day, the safe and efficient entry should be taken in a couple of minutes. I missed that signal and my entery was late because I was having ...

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Also always beware of big pending orders. They are not there just for fun..... image

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image Exiting quick move but this is not tradable. Trend is still up. To be involed to sell, major MAs should be penertrated and lower low should be printed.

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image The first one was valid and I could catch the signal according to my strategy. The second one is not valid and my strategy doesn't give a call - and I doubt others can do that in a consistent basis. My entry was late and I was ready to add ...

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When your trading plan didn't work out.... You have a trading plan right?

The best idea for stoploss?

I love James' daily analysis. He's a real professional. image url

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