Why my orders have to add or subtract 3 pips?

Hi All,

The question that has always been on my mind... Why does my orders have to add or subtract 3 pips? And Courtney answered it during today's course!

His reply is that the amount of buyers and sellers at the high or low is A LOT. Hence, it is less likely that we get it at that price :) So, when we add or subtract 3 pips, the price of the order is weird. hence, very little amount of buyers and sellers, therefore we can fill the order at about the price and confirm that there is really a breakout :)

Your Friend,
Max Tay

Oh No... What should I do?

Hi All,

Apparently Forex market really rest on Weekends. And that's a good news :) A big thank you to Eric Oh to educate about the Forex Market in Weekends. Hopefully, our Trading Mentor Courtney Smith will answer my question in the forum about closing on saturdays :)

Anyway, today was really an heart pounding day as my potential losses was stretched to about US$30! but now its only less than US$10. :) *phew* amazingly, I didn't see the highs and lows for CoFlex, I just look for crosses when doing backtesting. Now I truly understand why we should trade LIVE rather than demo accounts :)

Anyway, everyone have a good weekend ahead of all you!

Your Friend,
Max Tay

Mistake in Entry found!

Hi All,

OMG! I found an error in my trading entries for NZD-USD! *Phew* hehe. Inside Day trading :) Its good to double confirm the entries. Its rather confusing as FXCM Brokerage allow us to trade half pip hence I have to take that into consideration :) if you see my excel file, you will understand what I mean.

Cheers. Seems like luck is on my side :)

Your Friend,
Max Tay

Finally it happened! My Virgin Trade Entries!

Hi Superb Traders,

I have finally put in my virgin trade entries! Was quite exciting and nervous experience *wink* 7 entries in total for EUR/JYP, EUR/USD & USD/JYP.

Though I am not able to do it at End of Day as planned (8am Singapore Time), but after checking the prices of FXCM Trading Machine, I am quite safe to put in the trades :) used about 30 mins because I have check my risk factor which is 10% of my total equity.

You probably wonder why such a high risk factor? Well, the capital is small, hence, as what my Trading Mentor says, I might have to take higher risk. Which I have limit to 10% of my total equity. *Remembering what Keith Cunningham have said :)*

Your Friend,
Max Tay