Recent content by masonlee

MEGA losses, nice word. Any advise on how can i avoid the situation when stop loss is hit and price rebound?

I am staring at the charts everyday now, just like a zombie. See when i can reach 15000 hours.:D

May i know what is Mediate and Hedging? Is it another special kind of stop loss?

Thanks for the advice. Do you mean setting a stop by using SMA? How can we do that? Yeah, i will get back to you after studied the charts for 15000 hrs. This should be not easy, if a spend 12 hours every day to study, i should need 3.5 years to accomplish that. :D

Are you using an ATR indicator to set your stop? Can you explain in more detail on how you set your stop by looking at the ATR reading? I am a beginner in ATR.

Not bad, i will try it out. Do we still need a large real stop when we are using "mental stop" in case there is an NFP style price movement?

Good calculation. It seem like brokers/liquidity providers will be the one who earn a lot in Forex market, since i often heard that no traders is ever 100% sure about their analysis. But the advantage of the house is always 100% sure. Another thing i noticed is that, when the TP is widen to...

Can you recommend me some good sources of knowledge for further R&D in forex trading? I am willing to learn, but i not sure where is right place to learn forex trading. How did you guys learned up forex trading?

Thanks for the analysis. I never realized about those uptrend consolidation lows before this.

I think i am trend follower. Basically, i place order when i saw potential trend is forming. I have attach an image of one of my recent trade. I saw a brief trend is forming and i place a sell order with 15 pips stop loss. Shortly after i placed short order, then trend reverse and hit the...

Hi intervention, Thanks for the advice.:) Can you point me to the right direction on how can i analyse the market? Anything that i should pay attention?

Hi there, Anybody can point me to the right direction on how to set my stop loss appropriately? Quite many of the time when i place a larger stop loss, the price hit my large stop loss and end up heavy losses. But when i place a small stop loss, the price seem like tend to hitting the...