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kuokam

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Everything posted by kuokam

  1. kuokam
    How do you assess the "goodness" ?
  2. kuokam
    What I meant is: I am not winning yet, but haven't blown up either.
  3. kuokam
    Don't mind him Bro, let him enjoy freedom of speech... My account is well up today, and that is the only thing that counts. Best
  4. kuokam
    Hi Bob, Sure I wouldn't take any one's advice above mine. Advice is most welcome when in perplexity at precise situations. For instance you would say a govenor of the BoJ knows what he is talking about. Yesterday one stated that AUD/USD will be trading around 0.9 by the end of the year. I happened to have that pair on my radar and to me it looked rather bullish, so I bought it this morning and am in profit as at this writing. You are right with what you call one liners, but besides them you have many helpful friends here. It takes all to make the world. In fact if I could hold a detailed journal of all my trades and review them, I would be far ahead now. But lasyness still holds me back. Best
  5. kuokam
    Well, this lazy holy grail seeker succeeded in not blowing up account once more. Thank you, I accept your congrats:) In the meantime, I also took some research action and learned that there is no such a thing as a sure fire breakout, since at least half will fail and those that won't fail will require too large stops. Therefore, the effective way of trading a breakout is to wait for it to happen, retreat , test the breakout zone and restart to go the side of the breakout. Only then have we not only the minimum stop possible, but also the assurance as to where the trade is headed by the time being. You just need a bit (more) of patience and discipline. Best, Kuokam
  6. kuokam
    I would say it also depends on where you are in your learning/experience curve. Here is a real life example. Lately I sold a currency pair. The trade went rapidly in my favor but I mismanaged it by trailing my stop to near too soon and got stopped out with a mere 200+ pips, in trade that went 800+ pips further. Had I consulted with a friend, he probably could have warned me, for example by drawing fib lines. In effect, the trade just touched the 38.2 fib level and resumed its descent. This obviously was a breach of the "let the winners run" law, and to me is the kind of situation I would need consultation with a peer.
  7. kuokam
    Totally agree the real teacher is inside, but at times it helps to have another person, be it your daughter, give their advice at what you are busy doing. At some point, 2 traders with a couple of years experiences can successfully support/coach each other. This differs from what happens anonymously on forums..
  8. kuokam
    I don't absolutely want a coach/mentor. I just need a trading friend.
  9. kuokam
    How and/or when do you know the conviction is there? Sure you've got some signal for acting? Thanks Kuokam
  10. kuokam
    Still there, my Phantom friend? Still all ears here. Kuokam
  11. kuokam
    To me it is no trick at all setting up a business and start trading. Companies like GE do just that and at time have their financial year save by their trading activities: just arrange a trading desk beside the regular business and...voilà! You are managing the (idle) funds at your disposal for the best.
  12. kuokam
    Are these Bernie's testimonies the most important news to trade? I never traded one, but will make sure to try the next. So far I have traded but the rate statements and some others like nfp, cpi and ism. And crude oil stocks when I remember.
  13. kuokam
    Nobody above 9990 ? c'mon! too cheap to be effective
  14. kuokam
    I could not find DOOZIE in my dictionary, Sir. Can you help improve my English vocabulary? Thanks
  15. kuokam
    Then I will very respectfully disagree with you as well. I am not ready to learn that I can enter a trade any how and turn it profitable.
  16. kuokam
    Hi Wing. Although still a learner, I would respectfully disagree.To me trade exit issue can be more easily adressed than entry: If the initial stop is not hit, you just trail it to BE first and then to subsequent technically determined zones (S/R, main fib ratio or great round number) untill it gets hit then you are out with a reasonable profit. At least, this is the way I see it and try to make it work. So far okay for me. Now tell me, how do you manage to exit profitably if you enter poorly like when you buy the tip of a rally, just to see the hole thing plumet? Or when your limit order gets hit in a false breakout that strongly reverses? Best, Kuokam
  17. kuokam
    Hi Phantom, you described the price rejection very well, thank you. But I seem to miss where you talked of the acceptance thereof. Are there good signs of price acceptance, or is it just that non rejection is acceptance? Again, my apologies if the question has already been answered, you know I am still working on my English. Kuokam
  18. kuokam
    Hi, In my opinion,it "so clearly" appears only in hidnsight. If you eliminate all the candles at the right of the red arrow, the situation is less clear, especially given the prior bullishness of the trend. Kuokam
  19. kuokam
    Tu devrais avoir ça chez prorealtime, non?
  20. kuokam
    Hi Mystic! Three or so years ago I went to Paris for a traders' event featuring Rob Booker and some other great names from America. I attended Rob's presentation. It was so crowded he had to step on his chair at times to make sure he sees every body . He described the GBPJPY as THE pair to trade, the orient express as he called it. Now I see you also caught the virus, so to speak. My question is do you maintain that vision today? To me the pair seems to have lost most of its volatily the last couple of months. I see the Cable and even the Euro more volatile as of late. Kuokam
  21. kuokam
    I really wonder why such a good looking person couldn't find one gallant man here to mentor her. Now she has gone somewhere else to continue her quest. Shame on us! :o
  22. kuokam
    Very inspiring, Mystic, I believe that being allowed to camp out there on the couch was the real start. working besides a mentor is irreplaceable to become proficient in any field. But I've read somewhere that Rob himself didn't have any mentor till he became successful. Thanks again! kuokam
  23. kuokam
    Thanks for sharing Mystic. Can you please tell us more about your time with the mentor: how did you meet, how did you collaborate, for how long? Regards Kuokam
  24. kuokam

    Hi Monsieur WRBTRADER, vous parlez français, je présume, d'après votre "province du Québec" ?

  25. kuokam
    To some point I a agree with MMS that time is needed for the skill to sink in. Only problem is the benchmark. which amount of time is needed for who? it took a couple of weeks to as killed traders and mentors as Dennis and Eckhardt to turn motivated newbees into renowned traders. Yet you find people still struggling after years of seminars, books, webinars, exhibitions and so forth. May it be that the problem lies at how you enter the business? As for fixed targets, it definiotely did not work for me. Now I prefer to bring my stop to BE and let the market decide how far it takes me. Regards, Kuokam
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