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Les Lau replied Aug 18, 2012- Trading.. avoid making mistake(s), minimise loses Get winners & profit more than loses.. - Keep mind firm - Do donations..
The 3 Elements of a Successful Trader
- Les Lau replied Aug 11, 2012
PA: Pin bar with long shadow/leg cutting support line.. entry signal, buy. Big round numbers.. draw support & resiststance line (eg. DAX @6,000, 7,000 points) Prepare for both buy & sell entry setup. Catch big trend.. profit from it.
The 3 Elements of a Successful Trader
- Les Lau replied Aug 5, 2012
MM (Money Management) - advantage of using 1%(+-) of account for each trade.. even there's few loses in a row the drawdown wil be minimal. - make sure the accout is 'well capitalized'.
The 3 Elements of a Successful Trader
- Les Lau replied Jul 29, 2012
That was an assumption. I don't trade with Indicators.. What my point is, in trading: Setup Entry is important
The 3 Elements of a Successful Trader
- Les Lau replied Jul 29, 2012
Day trading Price action - Buy entry setup.. watch candle strength, dynamic of pattern/ candlestick type during or after Trendline breaking out. - Avoid trading in the midddle of range.. wait for price to 'open up'..
The 3 Elements of a Successful Trader
- Les Lau replied Jul 29, 2012
London Olympics 2012: Day 1 Highlights Day 1 China is leading with 4 golds..go go ye..!
The 3 Elements of a Successful Trader
- Les Lau commented Jul 22, 2012
Hope Greece will push through for recovery..All the best!
Greece now in "Great Depression," PM says
- Les Lau replied Jul 22, 2012
Develop our own Winning Method(s)/ System.. Criteria: - Simple - Scientific proven - Systematic - Stress Free - Profitable - Minimal drawdown - Robust (durable, adaptable, works in multiple conditions)
The 3 Elements of a Successful Trader
- Les Lau replied Jul 22, 2012
Learn to capture Big movement. Take huge profit. For day trading, No adding/ top up to a winning position(diff. methods, hedging ok..) Trade the formations and patterns that we recognize in our methods/ system. Have Confident to take 'our' trades.
The 3 Elements of a Successful Trader
- Les Lau commented Jul 14, 2012
All the Best for EU countries. Wish them a quick recovery.
Speculators Continue Betting On EUR's Fall In A Zigzag Style
- Les Lau replied Jul 12, 2012
Olympic 2012 news: 16 Awesome Charts On The Olympics From Goldman Sachs I forecast China will top the Gold medal tallies, with 40 and above golds. US will come in 2nd place.
The 3 Elements of a Successful Trader
- Les Lau replied Jul 12, 2012
Double TF (time frame) trading, eg. M5/M1 & D1/M30 See bigger 'picture'(analysis) on higher TF, use smaller TF for trading(entries, SL..) for PA, Pin bar is important.. can be used for trading breakout. TrendLines & S/R, certain market/ pair respect ...
The 3 Elements of a Successful Trader
- Les Lau commented Jul 11, 2012
I forecast China will top the 2012 Olympics Gold medals tallies, with 40 or more golds.. US will come in 2nd place.
16 Awesome Charts On The Olympics From Goldman Sachs
- Les Lau commented Jul 10, 2012
With a forecast of 7.6% growth (for 2Q 2012).. not considered 'that bad', I will say it's actually very good.
China’s Economy: Apocalypse Soon?
- Les Lau replied Jul 7, 2012
Advantage of trading only 1 session per day(in day trading).. Better focus & understanding of PA, avoid overtrading.. To Improve on Edge(system), work to better at entry, exit & MM.. Understand mass psychology, know when not to trade.
The 3 Elements of a Successful Trader
- Les Lau replied Jul 5, 2012
戒：贪嗔痴 （‘三毒’） Refrain from greed, annoyed, ignorance ('3 poisons')
The 3 Elements of a Successful Trader
- Les Lau replied Jul 5, 2012
Most monks are not destined to become traders.
The 3 Elements of a Successful Trader
- Les Lau replied Jul 1, 2012
There's advantage of trading 2 markets(pairs). Even if 1 market stagnant, the other one might be moving a lot and very profitable. Correlated(market) trading, choose the nicer pattern(PA) for entries.. Strategies & Money management: Having a solid ...
The 3 Elements of a Successful Trader