from my trading desk.

hi everyone it was a good start last 2 week. market move as i wish (please view my technical analysis at my blog ) especially for GBPUSD instrument. many of my friend ask me why i didnt trade GBPJPY yet ? owh i said this year is for GU :),if last year im very addicted with GBPYEN but an early 2009 i try to change my mind to become an independent trader and not to depends on GBPYEN movement, YES i agree GBPYEN volatility is not like other instrument,easy win and easy to loose.

Ive been trade for 4 years and now become 4 and half year, here is my chronology

May 2006 - Dec 2006.
I just know forex,pair,fundamental analysis ,technical analysis,SELL BUT CLOSE , and i began my trade with demo account with that time i used PFGFX brokerage from Russian.

Jan 2007 - March 2007
Ive been deposit my money for a live trading with 500 usd. at this moment i used elliott wave and MA crossing i forgot what is the setting for my MA that time. But i was lost around 400 usd. And i withdraw 100 usd because i think i need to fine tune my trading.

June 2007 - Dec 2007.
Yes i saw an improvement with my trading. at this moment my trading methodology was Elliott Wave and Fractal apart of "chaos trading" Im very satisfied with this method but i still feel like something less in my tuning. because i cant sustain my trading,sometimes i profit sometimes lost. within 7 month after plus and minus actually i just won 30% from my capital :).

Jan 2008 - June 2008.
Im still trading like usual but at the same time im still learn and find tune my trading setup. Day become day week become week month become month im still using my method and setup for technical and entering the market. Along this month i found a new touch it was a price action and trendline.

July 2008 - Sept 2008.
I become a swing trader,because im very impress with my new knowlege, i can surf at any market.Unfortunetly cloud didnt always bright. Just because of my greedy and over confidence i loss 50% from my capital. But at this time actually my margin already profit running.

Oct 2008 - Dec 2008.
Im still seeking what is my problem? is it my knowledge or is it my psychology ?
i start reading a few book . Certain book i buy direct from amazon.com because its hard to find a forex book in book store except kinokuniya. among a book that i very like until know is," Charting Made Easy", "Chaos Trading 2nd Edition"."Market Wizard","The New Market Wizard","The adventure of a currency trader" and The Way of The turtle. Many content in this book said about psychology when trading and good advise before entering the market. Within this month also i found my own setup after a mixup from chaos, elliott wave and price action and i name it SULTAN.

Jan 2009 - April 2009
Ive tried to implement what i have. Now i know why many trader especially beginner and newbie always die at this war. Foreign Exchange is a leading indicator for a world economic. That means forex trader is in front line of war. Just remember when long time ago when a war has arrive, front line soldier its the most cheaper life. The volatility and impact is very high. How to solve this ?just a knowledge,experience and intelligent is the most important thing u need to bring inside the market.

May 2009 until now.
Im very comfortable with my trade and still using my own setup. The key is patience and snipe just only when u need. dont ever waste your bullet :).

Sekian.

Muhamad Yaqin Mhd Nor

p/s Selamat berpuasa to all muslim in this world ;)