watchme's profile
watchme

Name:
Mr. Fan says: "Please click "vouch" if you like my comments. It'll be very much appreciated. :) "
Bio:
Started trading in the year 2012. Lots of things happened since then. Lost lots and lots of money, and lost a lot more. And lose even more. True traders never gives up. We all took a beating but what matters is to pick ourselves up and come back much better.

Trader with a mental capacity to take on the market.

Myfxbook admin knows me as person with too much honesty, most of my posts needs to go through moderation. I feedback the good and also the bad about myfxbook. I keep pushing the limits of what are offered here.
Trading Style:
Fundamental & Technical

The use of fundamental insights & technical analysis. Trades are usually considered after the market has moved and setups has revealed itself.
Each trade entered has already fit the requirements of a high probability profitable trade. Each time a trade has been entered, it is monitored for pullback (drawdown). There is a specific special criteria for taking loss on a trade (unlike a hard stop loss). This means market is fluctuating and not ready to move in our direction. Mental resilience is also used to manage the trade, taking losses due to understanding and not giving up.
Motto:
"Never Give Up or Give In To The Market"
Experience: 3-5 Years
Location:
Vouchers: 3
Registered: Mar 01 2013 at 01:10
Blocked Users: 2
Chart
Systems
Name Gain Drawdown Pips Trading Leverage Type
Contest - watchme 184.79% 33.81% 467.1 Manual 1:400 Demo
Contest - watchme 26.23% 47.65% 1145.4 Manual 1:200 Real
Real Live Account with 1% Profit 1.09% 32.28% -514.5 Manual 1:500 Real
Live Account Recovered $4200 From $1700 to $5900 -4.79% 69.27% -2123.3 Manual 1:400 Real
watchme's Feed
watchme
watchme
"Your account was successfully processed." These are the words I get when I click connect in my settings but my account is still not updated. I hope myfxbook team will look into it and fix the bug... :(
Jan 11 at 23:41
watchme
watchme
http://www.myfxbook.com/files/watchme/myfxbook_connect_button.png
Jan 11 at 14:44
watchme
watchme
Fundamentally,  there would be tonnes of reason. For most,  if not all actions we do there is surely justifiable reason behind it.

Fundamental can weigh in on all occasions. But it becomes a problem when obvious fundamental info goes against what price does. This will lead to stubborn-ly holding to trades. I would always say if the price would eventually go in your direction and is currently going against you, why can't you take the loss now and enter at this current better price? 

If you do that again and again, you will realize slowly that you are wrong. And they say, it's alright to be wrong. My bias is closely linked to the closing price. The whole candle is a fundamental playing field, price can jump, hop, sprint and fly. But at the end of the day, it has to come home to rest. 

​​​​​​​What you see on the charts are technical. And sometimes I can see, setups for the big moves, they too might be wrong, I can be wrong and charts can be wrong. As long as I can be profitably wrong. It's all good. 
Nov 07 2016 at 07:58
watchme
watchme
Always good to be out of the market when things get a little crazy. Minimizing your time in the market is always good. Just like opening your mouth always exposes your intellect for everyone to see and to be judged. Keeping your mouth shut gets people thinking how much this person actually knows...
Nov 03 2016 at 19:24
watchme
watchme
In profit? get out! Dont wait till you prove urself and everyone that you are right.. You will eventually be wrong.. :)
Nov 02 2016 at 01:40
watchme
watchme
Hi ryan. Good that you're keeping at it. Never give up. 

Just to share, ​​​​​​​every loss needs time & reflection. If you don't do this, the opportunity will pass and you won't get another chance till your next loss. Till then, I'll never stop rooting for you. 
Oct 20 2016 at 15:38
crystal711
crystal711 Good~
Oct 26 2016 at 12:01
rob559
rob559
hey man ,my capitalinvestfx is been replaced by.....https://www.myfxbook.com/portfolio/private-investments/1773963
Oct 11 2016 at 18:43
watchme
watchme Alright rob, thank you. :)
Oct 13 2016 at 11:40
watchme
watchme
New Series on why traders fail: "WTF"... stay tuned... I have done or am still doing these mistakes, just sound advise.. ;P
Sep 05 2016 at 12:07
watchme
watchme 3) Instant gratification:
If we are always right in trading, we might not have this problem, but the thing about trading, you can never be 100% correct, so you are bound to have losing trades. When you have too much of losses, you want to just be right at least once or a bit. So when our trades gets a little bit into profit, we will close it. As such, the profit will be a little bit. We do not do the same with losing trades, we try to wait it out, hoping that price will come back, or giving the trade "some room" before it will move in your direction. Over time, the losses will overcome the tiny profits and we will again lose our money.

Sep 05 2016 at 13:42
watchme
watchme 4) Impatient:
It is good to trade according to what we see but we need to have a confirmation. Sometimes we see an seemingly obvious and outrageous big down candle and we jump in a SELL trade, we did not wait for any sort of confirmation like candle close. As such when we enter we are caught at the extreme low point and before the candle closes, it reverse and creates a obvious and outrageously big UP candle. We know we are doomed. We never expected nor could imagine it can ever be a UP candle, our eyes and impatience deceived us.

Sep 05 2016 at 13:43
watchme
watchme
Hi Ethan,

Cab I know where is the "connect" button on my accounts page.

Pls don't remove that button. It is very important for me. Sometimes myfxbook is late in updating my account, I will click "connect" and the account is updated manually. Pls give me back that button.
Aug 29 2016 at 06:46
watchme
watchme Can*
Aug 29 2016 at 06:46
watchme
watchme Hello watchme,

Thank you for your feedback.
Our dev team is working on improving the update system, the button should appear only in a case that the account was disconnected.
If you would like to update your account manually I suggest switching to our EA: http://www.myfxbook.com/help/connect-metatrader-ea

Aug 30 2016 at 06:37
watchme
watchme Hi Ethan,

I really wished that the connect button remain there. The system is not perfect so it is better leave that button to the hands of the user. We can update our records as and when we like.

Please feedback to your dev team and accede this request.

Thank you,
Fan

Aug 31 2016 at 06:50
watchme
watchme
Write post...[quote] Someone said something [/quote]
ignored
Jul 31 2016 at 06:43
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Producer Price Index (YoY) (3h 16min)
EUR/USD rebounds from 5-DMA, Eyes 1.07 h...(15 min ago)
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