Yeo keong hee trading system

The volatility in the Forex market allows me to profit from powerful trends with the highest accuracy! Lagging indicators often cannot help you anticipate the coming of a trend before it starts. It merely identifies that a trend has started, and tells you that this trend is valid enough for you to ride on it for a while and then get out quickly for a profit.

We should always respect the presence of support and resistance levels on a price chart; they represent "invisible forces" that tend to repel prices away from them. Use no more than four indicators on the price charts at any one time. What matters most is which combination of indicators proves to work, what parameters to use for each of them, and what trading conditions need to be fulfilled in order to justify the existence of a tradable trend.

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Ensure that after getting into the trend, you do not get stopped out by the retracements that occur within the trend. You are more vulnerable to such retracements when using shorter timeframes. The prevailing volatility and the locations of recent support and resistance levels help us determine where our stop-loss levels and profit targets should be placed.

Generally speaking, any first breakout attempt should not be taken too seriously.

Wait for a retracement before trading the breakout. Round numbers in the prices of currency pairs present strong psychological barriers in the progress of a trend. Such levels tend to define strong support and resistance areas. Fibonacci is best used in projecting retracements in a trend. We should use at least on other trend indicator to confirm whether we should do a long trade at a support juncture.

The COT report is released every Friday at 3: However, it is based on information as of Tuesday. We just focus on the Long and Short commitments in the Non-commercial category.

After an initial sharp spike, there will almost always be a retracement. New traders might want to risk no more than 1. Sometimes, even with good trading strategies, you might suffer three or four consecutive losses.

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Successful trading is often about uncovering tendencies in our trading behaviour that originate from the subconscious mind. It is fine to lose when you have followed the rules.

Very often, when my students ask me why a particular trade failed, I am able to point out reasons for the loss; it could be that the entry was too late, or that not all conditions were ideally fulfilled, or that entry was done too near a major news event.

However, there are times when the entry was ideal in many ways, but the trade still failed! In such cases, all I can say to them is, "It's part of the game, my friend! Consistently use with discipline and proper risk management strategies that produce more wins than losses in the long run. Wait stringently for the best trading opportunities before you take action. Trading too frequently causes you to be caught in many bad trades; your success rate will be low.

The process of scaling up your account size must not be too abrupt. It is best to focus on your own rationale for doing a particular trade, instead of someone else's views on a public forum.

If you have paid careful attention to those sophisticated-looking talking heads on TV babbling intelligently about the economy and the US dollar, you will realise that much of the babbling amounts to nothing useful as far as trading is concerned.

Fully automated trading systems can never beat experienced traders who rely on some level of discretionary trading.

Sunil Nair- Partner - Eversheds Sutherland

We might not realise that we have a habit of getting out too early at the slightest signs of profit. Also, many traders are overly conservative because they have no confidence in themselves.

The right way to look at every trade is to consider it as just one trade out of the many you are going to do. Home Recently Added Quotations Search Quotations Quotations By Author Resources. Personal Finance Quotes Trading Quotes Stock Quotes Mutual Fund Quotes Options Quotes Forex Quotes Precious Medals Quotes Real Estate Quotes. Happiness Quotes Success Quotes Health Quotes Communications Quotes Dating Quotes Relationship Quotes.

Quotations by Yeo Keong Hee The volatility in the Forex market allows me to profit from powerful trends with the highest accuracy!