Reverse Engineering Study (RES) Chart 1 = EURUSD M5 2012-06-01

My Forex Broker = IBFX

Here is the link, go check it out. Download the FREE MT4 software which is exactly the same as my live platform.

Interbank FX


Interbank FX (IBFX) is my preferred broker due to the following reasons:

1) Free Demo account in an instant! (Free Software)
2) Meta Trader 4 (MT4) platform is super user-friendly
3) Great technical and account support with quick response time (Ask Anything)
4) Low initial start-up deposit, excellent for newbie traders to get their feet wet, but not drown in losses!
5) Excellent educational information to guide us traders step by step to the mountain of success.
6) IBFX develops Expert Advisors (EAs) to enhance my trading in this volatile market conditions.


What more can we ask for??


7) Trading Contests!


Hope you like this sharing!


Happy trading and may the PIPs be with you.

My Third Trading Mentor = Mr Clarence Chee

Mr Clarence Chee is a International Forex Expert.

1) http://www.dynamitetnt-forex.com/about-clarence-chee/

2) http://jmdouglass.com/forex_review/ebook/

(Conversations with Forex Market Masters: Inspiring Stories, Systems And Tips From People Who Really Made It! by Dr. Dariusz Swierk)

  

3) http://www.bigfatpurse.com/2009/08/t3b-forex-course-preview/

4) http://www.tntforexforum.com/

(An exclusive forum for his students whereby Mr Clarence Chee gives LIFETIME support Personally!)

My Second Trading Mentor = Mr Michael Woo

Next great mentor is Mr Michael Woo for Trading For A Living (TFAL)

Below are his contacts.

1) http://directory.st701.com/singapore-directory/A/company/businessweb/455078176/

2) http://sgtradingcourses.blogspot.sg/2009/09/trade-for-living-tfal-stocks-fx-michael.html
(This is a write up on Mr Michael Woo)

My First Trading Mentor = Mr Keane Lee

Back in May 2005, I signed up with T3B Systems and Mr Keane Lee is my first trading mentor

Below is the webpage link to their website.

1) http://www.t3bsystem.com/

2) http://t3btrader.com/t3b/index.jsp = (The new web-based shares screener)

Just started my Twitter Account.

http://twitter.com/#!/traderjuwinho

Lots more stuff coming up! Cheers!!

(Live Trade) EURUSD by TMS M5 (Long/Closed) 10/04/2012

Currency Pair: EURUSD Long M5
Method : TMS Retracement

Entry Date: 10 April, 2012(01:25 GMT)
Entry Price: 1.31127

Initial Stop Loss: 1.31071 (Recent Swing Low Pivot Point – Hammer Candle)
Stop Adjustments:
Protective Stop:

Target Profit :1.31168 (Previous High)
RRR: 1:0.73

Entry Reasons:
1) MA(3)Red Crossed over MA(61) black
2) Hammer Candlestick form 3 bars ago

3) Stochastics (5,3,3) cross from below the 25% line

4) Parabolic Sars shows Bullish Trend

5) ADX Green > Red = Bullish Strength

Exit Date: 10/04/2012 (01:27 GMT)
Exit Price: 1.31134 (Closed Manually)
Reason of exit: Got spooked when I zoomed down into the M1 charts and saw the Shooting Star candle formed followed by a Bearish Engulfing candle.

Realized Loss: +0.7 pips

Actual R:R = 1:0.13 (pitiful)

Reflection: This is my first live manual trade after successfully recovering my funds from AECNFX. Got a little jumpy and rusty with the rules of TMS trading plan. Since there were so many bullish signals, I should have stuck to my initial target profit (which was hit just 1 bar later).