almost 2 mths not here. No good news for my trading a/c, playing from the balance between the lowest US$300 to US$600 (initial US$1,000), now is US$450.

As at today, I used to check 4 major currency, GBP, EUR, JAP, and (EUR + JAP), by 1hr chart, 4 charts in same page of MT4. If I found any good chance, eg, breakthrough of 10MA, then switch to particular currency page, with day, 1 hr, 15M & 5M, buy or sell at rebound, set the s/L above or below the 10MA (1hr).

Sometimes still play with top & bottom, i.e. while the GBP raised up 200 pips, then go for sell etc.

Seems that go for one simple sell or buy (with only $5k), then if good, let i go and set the s/L to opening price. If negative, then wait for 20 pips negative then go again the same direction. May be a good trial.

A few nights before, due to I guessed the top then sell, really big loss (-US430) for one night, so no more guess the top or bottom. Then only follow the trend. 

The following is based on MT4, equip with Daily / H1 / M15 & M5; 

1.                  Daily chart ~ the chart with golden ratio, and M10/20/50 only. Check the big picture only, look at the Golden ratio, support & resistance.

2.                  Hourly chart ~ the chart only equip with market time, use as checking of previous days high and low only

3.                  M15 Chart ~  equip with Heikin and market time, fix the trend up or down only, when blue (heikin) ~ must only buy up; when red ~ must only sell down.

4.                   M5 chart ~ equip with Heikin and market time, for entry and exit purpose. 1^st based on M15, when it is blue, then wait for M5 change to blue also, then buy up; Vice versa when down trend

5.                  Always use no more than 0.1 lot for entry or exit

6.                  Stop loss ~ always set 40 pips as stop loss

7.                  Let the profit run (with preset profit at 50 pips),  

Real play from 8/09. Started with FXCM Micro, with US1004 start. Actually, play with real money is different to demo a/c, really hesitate to play 0.3 per hand. So only played with 0.1 or 0.2, the most favourable position, then go with 0.3 hand.

Anyway, 1 week playing, earned US67 this week. Really pool, only raise to 106.7% for 1 week playing.

So, next week should go for higher target.

But keet the same strategy, max. go for 0.3, set target as 13 pips, and 50 pips as stop loss. Go into the market at Sell position when there is more than 150 pips raised during the day or vise versa.

Today early come back to home, play forex around 8:30 but forgot to check the daily FX 1st!! 1st mistake.

 The whole day run not enough 150 pips yet, but sill go in, 2nd mistake!!

Still play at 9:30, the US market just start, cannot forecast the market immediate trend, 3rd mistake!!

So,

- remember to check Daily FX 1st - see what will happen later on;

- Should wait for 150 pips totally form 1st, then but the opposite; or alternatively, go along the same direction until almost to 150 pips running;

- should go in the market after 9:30 (after the start of US market)

For these 15 days, I have played GBP/USD only with 30k per hand, display 4 charts in one screen (H1, M30, M15 & M5), only entry the market while around 150 pips have been gone through within the day (so only play around 2100 after). Place the market order for short when it seems to drop from 150 pips peak, or  play long when the candlestick rise after 150 pips dropped within the day. Most important, preset the target profit as 12 pips only, but set the cut loss at 50 pips.

It's work!! and have good income. Let's review again!!

make profit per day at US$50 @ 20 days per week, then = US$1,000 per month!! = 1000 x 7.8 = HK$7800 per month

Actually, I used to play 2 x 30k per day = US$36 x 2 = US$72 per day, then 20 days = US$1440 per month, = HK$11,232 per month.

One main point should always remind myself. Never play more than 30k per hand, it really proved that I got really hurt when I played at this way. Not always that lucky, and also I really can't face the loss any more for only few trades!!.

Second, it is getting better that I didn't spend too much time to pay attention on computer. I'm getting to stay in the market (from open trade to close trade) only around 15 mins. Then 2 trades are only 30 mins.  Then get more rest and switch off the computer!!. That is!! Stick to this strategy.

Congurlations!!!!!

only 8 days trading (with Sat & Sun), the demo a/c is acheived from US$1000 to US$2008. Ha Ha..........

So I really trust the current method is really work for me!!

- play 30k per hand for GBP/USD;

- set 12 pips for target profit, with 50 pipe cut loss;

- go short when around 150 pips up within the day, or vice versa;

- every day the target profit is more than US$50, then 20 days trade = US$1000 per month - good enough!!

Seems the last strategy still work. no more bother to change the lot per hand ~ keep on 30k per hand, and stick to 12 pips for profit and 50 pips for cut loss

PS - sometimes I have to adjust the 1st cut loss point with higher interval (say below or higher than the last critical candle as the bottom line), and go again for the same direction when the price is again me!! ~ but only 2 entries for same direction, and the 2nd entry should not change the cut loss point any more, and also stick to 12 pips as target profit)

Today is Mon, use the same strategy, keep on win at least US$50 per night. The balance today is $1734, with 73% profit gain while started at US$1,000 at the beginning of July 09.

Keep testing this for July 09, no more play real within the month.

Keep going!! Cheers 

I have to give up the trading from CMS as the leverage is reduced from 1:400 to 1:100 only. So withdraw all balance (only US$902) back to HK. And will invest to FXCM Micro at the end of July 09. Because I am waiting for a new strat in Aug 09 to compet the bonus.

For playing strategy, working good for few days that no more looking for and indicators (sub-chart), and play with candlestick + Heikin (act as MA10). Generally wait for day low or high (as the British/USD seems only around 150 pips per day, then but long when low enough or go short while at top level). Also, play with 30k lot for each hand, fix the target profit as 12 pips and cut loss as 50 pips. Seems this system work for me.

I have started the system playing since Jun 09 for few days, with Demo US$1000 starting. Now achieves a balance of US$1650. Ha Ha, gain 65% increment.

Seems that fix the target profit to US$50 per days is good for me, then 20 days trading per month is US$1,000 per month. Don't go further until the a/c size growth to $2,000. Then, switch to 40k per hand. Hope that this works for me.

Play with GBP/USD - seems much stable than EUR/USD

Only set MA10+20+50 in 1 Min chart

Go with 3 lots (or 3 0.3 lots), follow the trend to play up and down, i.e. when the candles above the MA50, go long only; if the candles below MA50, play short, that sample.

When WHOLE candle crosss the MA10, cut 1 lot, when cross again MA20, cut another 1 lot, when WHOLE candle cross MA50 then must cut all.

Open the MT4, play with 2 currency, EUR/USD & USD/JPY, M5 at top and M1 at bottom (4 charts in one screen). M1 setting as 4 timeframes (HeiKin); M5 in Hekin with color MACD.

Second program to open is FXCM-Micro, 3 major windows to be displayed, 1. left top as dealing rates, only 2 pairs of currency (EUR/USD & USD/JPY, display as top & bottom). 2. Right top as M5 chart, in simple candlesticks, no other indicator at all. 3. The bottom window with whole width, which displays all folders, such as A/C summary, open trade, closed trade etc. Remember to set the size of whole program window as the half size of MT4 width, so when you plan EUR/USD, move the FXCM window to right; or you play with USD/JPY, then move the FXCM window to left, simple and easy to play.

One single rule to play:

- wait for at least 2 same colors (M1 & M5, at least) in 4 Heikin timeframes (the sub-chart of M1), and same colour of MACD histogram bar (no need to worry whether in + or -);

- then trade, either buy or sell (better wait a moment to wait for the rebond of candlestick and go for your prefer direction, then jump in), of course to pre-set the stop and limit, and with trailing stop (in Micro, cannot set a smaller range?); set the limit with 7 pips and the stop with 35 pips as pre-set; after get in the trade, don't move the limit any more, but move the stop to the previous top/bottom of candlestick (the one at previous top or bottom), then let the programme run automatically. 

Also, I should set the weekly target, say 10% increment per week, if base on $1,000 deposit, 10% = $100, 5 days trade, $20 per day, that's all!! About the amount to be trade, in 1:400 a/c, I may set with 20k per play, 2 times trade = $28 USD, ok!!   

Only that simple, don't waste time to try other methods, focus on this and modify it if any. Play at least 1 week to see the result. Now the FXCM Micro demo with exact $1,000 USD as at 2-6-09, see the result for 1 week after.