Hi fellow traders,
Yes. It's been a while.
Sincerely, I wish Mr Benny Liang well. He is my mentor in Supply & Demand trading and I have to admit I learned a lot from him. Supply and Demand trading in forex, where I applied the techniques, make sense. I have seen how it works. But in trading, not every trade works. Yes, there are rules to follow. But you cannot foresee a big spike in currency pairs from a sudden news breakout or a deliberate algorithm trade by institutions to take out all retail traders' trades.
As mentioned, I thank Benny for the knowledge. But it still comes back to you. Experiencing, watching, monitoring, learning from mistakes and successes. It all comes back to deliberate practices. Not from a 3-days workshop, but from your deliberate practices. Your mentors take years to not perfect it but to refine the edges so that you don't stray. But being such an ego being, we stray, we challenge, we defy, we deny, until we are lead back to our mentor's path. You are your own divine being. You know why you eventually make it work as you recall what your mentor(s) keep telling you, because you have been blinded by your own ego.
On the same path in gratitude, I wish to Thank Mr Alfonso too. Your Set & Forget community helps me understand myself about supply & demand trading better. The trader needs enlightenment at times. Thanks for the guiding light. You are right about WOW, consolidation and candlestick bases. Let the trades come to you, with specific rules.
And I have to Thank Mr Candi Kum. First of all, I admire your walk the talk attitude. You show me and many of us you are the real deal. You have a humble beginning but you worked hard. You have been trading forex for years, lost a pile of money but you persevere. Your precision trading is not an overnight enlightenment from the Divine but it's through your hard work. You showed your live trading results not to boast, but to tell us it's through hard work that it can be achieved, and you give us the belief we can achieve it. We just have to believe you and believe in ourselves.
How I wish I can show you my live trading results with consistent winning trades like Mr Candi Kum, but I am not there yet. I need to get back to more deliberate practice.
I wish you find your path too, fellow traders.
Namaste.
Tony Chai
Saturday, January 21, 2017
Friday, August 14, 2015
Still trading the Demand and Supply Technique (order flow trader)
Hi forex traders,
It's indeed quite a while since I blogged about my forex trading.
I've to admit that for the past few months, I've been exploring around to find other techniques that may complement the demand and supply technique - a forex trading technique that I've learned from Mr Benny Liang back in Nov 2013.
As usual, there's a lot of hit and misses. Luckily, I've kept my adventures treading other paths using tight money management. That really saved my capital. A lot of good lessons (and bad ones, too) learned.
You may wonder why I want to do so - the exploring. It could be down to my personality. You see, I just want to study more knowledge to give my trading a sharper edge. May be I'm just bogged down by too many information, techniques & skills; which led to my analysis paralysis; and causing my trading (and capital) to suffer.
Eventually, I realized that the supply and demand technique still provide a simple, sensible way to trade - not only forex, but also other trade-able financial instruments. For the time being, I'm keeping my forex trading to the KISS principle (keep it simple, stupid).
Fortunately, Benny's weekly webinars helps maintain my faith in the system during this period. That reinforces & helps me be mindful of the technique that he has taught us. And for that, I'm grateful for his dedications towards the workshop attendees. If you wish to understand more about the supply and demand way of trading forex, it's now being offered as the order flow trader program from AKLTG, please visit this link here.
At the same time, I'm also listening to the Diamond Sutra more frequently nowadays. Sometimes when I encountered a string of losses, it's my moment to let go and let the Divine Order guide you. Listening to the Diamond Sutra does keep me sane in this journey.
This was a trade that I've just closed. Simple, and trading in the path of least resistance.
Best wishes to your forex trading too!
Namaste,
Tony Chai
It's indeed quite a while since I blogged about my forex trading.
I've to admit that for the past few months, I've been exploring around to find other techniques that may complement the demand and supply technique - a forex trading technique that I've learned from Mr Benny Liang back in Nov 2013.
As usual, there's a lot of hit and misses. Luckily, I've kept my adventures treading other paths using tight money management. That really saved my capital. A lot of good lessons (and bad ones, too) learned.
You may wonder why I want to do so - the exploring. It could be down to my personality. You see, I just want to study more knowledge to give my trading a sharper edge. May be I'm just bogged down by too many information, techniques & skills; which led to my analysis paralysis; and causing my trading (and capital) to suffer.
Eventually, I realized that the supply and demand technique still provide a simple, sensible way to trade - not only forex, but also other trade-able financial instruments. For the time being, I'm keeping my forex trading to the KISS principle (keep it simple, stupid).
Fortunately, Benny's weekly webinars helps maintain my faith in the system during this period. That reinforces & helps me be mindful of the technique that he has taught us. And for that, I'm grateful for his dedications towards the workshop attendees. If you wish to understand more about the supply and demand way of trading forex, it's now being offered as the order flow trader program from AKLTG, please visit this link here.
At the same time, I'm also listening to the Diamond Sutra more frequently nowadays. Sometimes when I encountered a string of losses, it's my moment to let go and let the Divine Order guide you. Listening to the Diamond Sutra does keep me sane in this journey.
Best wishes to your forex trading too!
Namaste,
Tony Chai
Friday, February 6, 2015
supply and demand trades
Hi fellow forex traders,
Just wish to share 2 trades which were entered based on supply and demand technique taught by Mr Benny Liang.
This was a UsdCad sell limit trade, based on supply and demand. The structure & location of the price level were checked before entering the sell trade although the trend of the price level was up trend at that moment. Here's another trade.
This was a CadJpy buy limit trade. Similarly, based on supply and demand. Location was also checked.
Took some profits off the table from both trades since the next day would be US non farm payroll announcement - which might cause big reactions to the positions.
Thanks,
Tony Chai
Just wish to share 2 trades which were entered based on supply and demand technique taught by Mr Benny Liang.
This was a UsdCad sell limit trade, based on supply and demand. The structure & location of the price level were checked before entering the sell trade although the trend of the price level was up trend at that moment. Here's another trade.
This was a CadJpy buy limit trade. Similarly, based on supply and demand. Location was also checked.
Took some profits off the table from both trades since the next day would be US non farm payroll announcement - which might cause big reactions to the positions.
Thanks,
Tony Chai
Saturday, January 31, 2015
Applying what I learned from Benny Liang Supply & Demand Trading Techniques
Dear fellow forex traders,
Learning what Benny taught about supply and demand (SD) was eye opening. There were rules to follow and I was initially overwhelmed about remembering them. It was greatly due to the fact that I didn't really trade forex before I attended his course in Nov 2013. I only had some experiences trading forex prior to that by designing & using automatic trading script. Unfortunately that resulted in a big draw-down in my account when a big stop loss that was deliberately set up in my script was finally hit. But to be fair I could have lost more if not for the stop loss.
I admit it was challenging during the 2 days class. I didn't understand what's going on in the charts being projected on the screen. I was dumb-founded when I couldn't pin point those zones that were apparently obvious to Benny and my course mates. But I have my passions in trading and I'm confident that this would be taken care of when I revised & practised more.
After the 2 days workshop. I started revising the rules. I set up a demo account in my MT4 platform to apply the rules on the charts. I was slowly learning how to get used to drawing out the zones and trendlines in the currency charts. I would practise entering trades based on my understanding of what I learned and could remember. In the beginning, most were losing trades.
It was almost a year since I took the course. I am still looking at the forex charts almost every day. I admit I made a lot of mistakes along the way. The money management skills that I adhered to since my options trading days have prevented me from blowing up my trading account.
Initially I wondered why the need to remember & apply all these rules just to locate a trade? It was when I traded the market live then I realized the rules were there to guide & protect me. They were there to remind me that trading is a probability game. They were there to guide me to locate a trade with a higher probability of success. Although they could not necessarily pick all the winning trades for me; they have at least played a big part in preventing beginner forex traders like me from taking impulsive trades where we could have no idea why we were entering such trades in the first place.
Now I truly understand why structure and location of a trade is important. It is looking at a particular currency pair from a bigger picture. Initially I struggle with this concept. Why do I need a bigger picture when the price movement were mostly moving contrary to the big picture direction in the lower time frame D1 (daily) and H4 (4 hourly) charts? Then it finally dawn on me of what I said earlier. The rules were there to guide us to locate higher probability trades. Yes, the retracement in the lower time frame chart looks contrary to the direction of the higher time frame ie. the big picture. But when the trend continues from the bigger picture view, the probability of the trade making at least 3:1 risks reward ratio is higher.
As such I am rather impressed with a lady trader in Vietnam called Ms Trang. She understood and applied Benny's trading concepts remarkably. She is diligent in revising & applying what Benny has taught. She is now making good money applying Benny's SD teachings. She has even become a good Samaritan to her fellow Vietnamese course mates to teach them how to trade as good as her by applying what Benny taught. I aspire to be as successful as her one day.
At this stage you must be wondering how is my trading doing. Not good at the moment I must admit. I am the sort of trader who is keen in learning & applying new things to enhance what I've learned. Applying the new skills do help me made some profits at times. But I realized that the supply and demand techniques still stand out most of the times. I just have to keep on applying the SD skills and learn what the forex market offers me in daily lessons. I will not give up in becoming a consistently profitable trader.
One thing is that meditation helps me to see the balance in the market. I am grateful that Benny is still offering the weekly webinars to guide me in my trading journey. I admit I'm the quiet trader who is absorbing what I am learning. I'm applying Benny's supply and demand (SD) technique daily. I understand that some day I will get it; and become consistently profitable with the SD skills.
Warmest Regards,
Tony Chai
Learning what Benny taught about supply and demand (SD) was eye opening. There were rules to follow and I was initially overwhelmed about remembering them. It was greatly due to the fact that I didn't really trade forex before I attended his course in Nov 2013. I only had some experiences trading forex prior to that by designing & using automatic trading script. Unfortunately that resulted in a big draw-down in my account when a big stop loss that was deliberately set up in my script was finally hit. But to be fair I could have lost more if not for the stop loss.
I admit it was challenging during the 2 days class. I didn't understand what's going on in the charts being projected on the screen. I was dumb-founded when I couldn't pin point those zones that were apparently obvious to Benny and my course mates. But I have my passions in trading and I'm confident that this would be taken care of when I revised & practised more.
After the 2 days workshop. I started revising the rules. I set up a demo account in my MT4 platform to apply the rules on the charts. I was slowly learning how to get used to drawing out the zones and trendlines in the currency charts. I would practise entering trades based on my understanding of what I learned and could remember. In the beginning, most were losing trades.
It was almost a year since I took the course. I am still looking at the forex charts almost every day. I admit I made a lot of mistakes along the way. The money management skills that I adhered to since my options trading days have prevented me from blowing up my trading account.
Initially I wondered why the need to remember & apply all these rules just to locate a trade? It was when I traded the market live then I realized the rules were there to guide & protect me. They were there to remind me that trading is a probability game. They were there to guide me to locate a trade with a higher probability of success. Although they could not necessarily pick all the winning trades for me; they have at least played a big part in preventing beginner forex traders like me from taking impulsive trades where we could have no idea why we were entering such trades in the first place.
Now I truly understand why structure and location of a trade is important. It is looking at a particular currency pair from a bigger picture. Initially I struggle with this concept. Why do I need a bigger picture when the price movement were mostly moving contrary to the big picture direction in the lower time frame D1 (daily) and H4 (4 hourly) charts? Then it finally dawn on me of what I said earlier. The rules were there to guide us to locate higher probability trades. Yes, the retracement in the lower time frame chart looks contrary to the direction of the higher time frame ie. the big picture. But when the trend continues from the bigger picture view, the probability of the trade making at least 3:1 risks reward ratio is higher.
As such I am rather impressed with a lady trader in Vietnam called Ms Trang. She understood and applied Benny's trading concepts remarkably. She is diligent in revising & applying what Benny has taught. She is now making good money applying Benny's SD teachings. She has even become a good Samaritan to her fellow Vietnamese course mates to teach them how to trade as good as her by applying what Benny taught. I aspire to be as successful as her one day.
At this stage you must be wondering how is my trading doing. Not good at the moment I must admit. I am the sort of trader who is keen in learning & applying new things to enhance what I've learned. Applying the new skills do help me made some profits at times. But I realized that the supply and demand techniques still stand out most of the times. I just have to keep on applying the SD skills and learn what the forex market offers me in daily lessons. I will not give up in becoming a consistently profitable trader.
One thing is that meditation helps me to see the balance in the market. I am grateful that Benny is still offering the weekly webinars to guide me in my trading journey. I admit I'm the quiet trader who is absorbing what I am learning. I'm applying Benny's supply and demand (SD) technique daily. I understand that some day I will get it; and become consistently profitable with the SD skills.
Warmest Regards,
Tony Chai
Thursday, January 29, 2015
Mr Benny Liang
Hi Fellow Forex Traders,
Sometimes I wonder whether you can be a successful forex trader when you hold a full time job. After a hard day's work (sometimes a frustrating one if things happened in the office), it's sometimes tiring looking at the MT4 charts after taking my dinner & bath.
But the weekly webinars from Benny helps. It motivates me to go on. It refreshes my mind of the rules for supply & demand trading. I admit I'm still an amateur in forex trading. But his rules remind me that my success will be consistent if I hang on to them, practise them, and not giving up in applying, learning from failures and keep progressing. His dedications maintain my motivation.
Here's Mr Benny Liang's web-site if you want to know more about supply and demand forex trading.
http://bennybl.com/
And yes, I'm still meditating daily. It helps to maintain my focus when I looked at the charts. I also remind myself to be successful in anything, you have to keep practising and honing your skills.
Regards,
Tony Chai
Sometimes I wonder whether you can be a successful forex trader when you hold a full time job. After a hard day's work (sometimes a frustrating one if things happened in the office), it's sometimes tiring looking at the MT4 charts after taking my dinner & bath.
But the weekly webinars from Benny helps. It motivates me to go on. It refreshes my mind of the rules for supply & demand trading. I admit I'm still an amateur in forex trading. But his rules remind me that my success will be consistent if I hang on to them, practise them, and not giving up in applying, learning from failures and keep progressing. His dedications maintain my motivation.
Here's Mr Benny Liang's web-site if you want to know more about supply and demand forex trading.
http://bennybl.com/
And yes, I'm still meditating daily. It helps to maintain my focus when I looked at the charts. I also remind myself to be successful in anything, you have to keep practising and honing your skills.
Regards,
Tony Chai
Saturday, December 20, 2014
Grateful
Hi fellow forex traders,
In my first blog post, I want to express my gratitude to Mr Benny Liang for teaching me the techniques to trade forex. The technique is related to supply and demand. The knowledge he shared forms the basic foundation of my forex trading. Thank You Benny. By the way, Benny's from Singapore.
At the same time, I'm also an avid enthusiast in the law of attraction. The simple definition of this law is that you attract whatever they you are always focused upon. Most of the time we tend to think of negative aspects and that's what we attract. I'm changing this attitude. I now practise connecting frequently with the Highest Consciousness. The Highest Consciousness is the Source within us. She is more powerful than us. We obtain our solution by connecting deeply with her; for she has the passionate concern of our well being.
Applying this Highest State of Consciousness has helped my forex trading. I hope you do achieve your success this way too.
Highest Regards,
Tony Chai
At the same time, I'm also an avid enthusiast in the law of attraction. The simple definition of this law is that you attract whatever they you are always focused upon. Most of the time we tend to think of negative aspects and that's what we attract. I'm changing this attitude. I now practise connecting frequently with the Highest Consciousness. The Highest Consciousness is the Source within us. She is more powerful than us. We obtain our solution by connecting deeply with her; for she has the passionate concern of our well being.
Applying this Highest State of Consciousness has helped my forex trading. I hope you do achieve your success this way too.
Highest Regards,
Tony Chai
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