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> Forex Trading Corner, Let's discuss forex strategy

billytong
post Aug 17 2007, 02:44 PM
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It is a very risky market to trade GJ, I do not recommend trading GJ.

It can wipe out ur acc faster than u can imaging.

Unless u are absolutely confident about your computer wont crash + your internet is as good as it gets otherwise do not trade this pair.

trading GJ is only mean for scalping, and u need to monitor all the time.
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jack2
post Aug 17 2007, 02:55 PM
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anyone trades with north finance?
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kevler
post Aug 17 2007, 03:14 PM
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QUOTE(billytong @ Aug 17 2007, 02:44 PM)
It is a very risky market to trade GJ, I do not recommend trading GJ.

It can wipe out ur acc faster than u can imaging.

Unless u are absolutely confident about your computer wont crash + your internet is as good as it gets otherwise do not trade this pair.

trading GJ is only mean for scalping, and u need to monitor all the time.
*




yerp that's true.

but the key point for whoever want to trade GJ ===> need the best timing to enter the market ...never enter the market when it retrace. follow the trend ...
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billytong
post Aug 17 2007, 06:21 PM
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QUOTE(kevler @ Aug 17 2007, 03:14 PM)
yerp that's true.

but the key point for whoever want to trade GJ ===> need the best timing to enter the market ...never enter the market when it retrace. follow the trend ...
*

Dont lah, TMnet can kill u, GJ move 300 pips down within 15 minutes yest. what happen ur PC crash? Tmnet say ur should disconnect for 20 minutes? How? tongue.gif A trend can change to counter trend very fast here 200pips up and 400 pips down who knows.


the recent yen bullish is cause by the unwind from the global stock falling.
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kevler
post Aug 21 2007, 05:29 AM
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QUOTE(billytong @ Aug 17 2007, 06:21 PM)
Dont lah, TMnet can kill u, GJ move 300 pips down within 15 minutes yest. what happen ur PC crash? Tmnet say ur should disconnect for 20 minutes? How?  tongue.gif A trend can change to counter trend very fast here 200pips up and 400 pips down who knows.
the recent yen bullish is cause by the unwind from the global stock falling.
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i'm not using PC , but Mac ...hehe...


but i think you have the point here ... risk is everywhere , even in Internet connection itself.

Dollar are getting the strength now ..but still waiting for higher now .
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teleboss2u
post Aug 21 2007, 07:13 AM
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i am using northfinance.... using robot trading...scalp only 1 pip
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billytong
post Aug 21 2007, 08:39 AM
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QUOTE(kevler @ Aug 21 2007, 05:29 AM)
i'm not using PC , but Mac ...hehe...
but i think you have the point here ... risk is everywhere , even in Internet connection itself.

Dollar are getting the strength now ..but still waiting for higher now .
*

Just because of tmnet yest I couldnt long at the dip to scalp for 10 pips. (Because of sudden lag),my platform got DC. That alone cost me money.

This country is getting hopeless with many monopoly companies


IMO, the dollar is stronger by little bit only. But my money is on Euro. I'm looking for 1.3700 at least and highly possible to go 3800s even may be 3900s.

This post has been edited by billytong: Aug 21 2007, 08:42 AM
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kevler
post Aug 21 2007, 07:14 PM
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QUOTE(billytong @ Aug 21 2007, 08:39 AM)
Just because of tmnet yest I couldnt long at the dip to scalp for 10 pips. (Because of sudden lag),my platform got DC. That alone cost me money.

This country is getting hopeless with many monopoly companies
IMO, the dollar is stronger by little bit only. But my money is on Euro. I'm looking for 1.3700 at least and highly possible to go 3800s even may be 3900s.
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hurmm..yerp i agreed , but i will playsafe by now ..eu will go until 3700 , then it will retrace (based on what Fibo shown to me ) . Can lock profit at that point , anytime .



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jack2
post Aug 22 2007, 02:46 AM
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QUOTE(teleboss2u @ Aug 21 2007, 07:13 AM)
i am using northfinance.... using robot trading...scalp only 1 pip
*



I withdrew $500 from NF and I got $447 in my bank..the intermediary bank fee is so high... sukc me
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billytong
post Aug 22 2007, 08:37 AM
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QUOTE(jack2 @ Aug 22 2007, 02:46 AM)
I withdrew $500 from NF and I got $447 in my bank..the intermediary bank fee is so  high... sukc me
*

I use fxcm which they use hsbc bank then I use hsbc to TT my money, I got the exact same about of money in my platform. No interbank fees. biggrin.gif
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woopypooky
post Aug 23 2007, 12:32 PM
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QUOTE(jack2 @ Aug 22 2007, 02:46 AM)
I withdrew $500 from NF and I got $447 in my bank..the intermediary bank fee is so  high... sukc me
*


whoah, next time i trade real money, i wont go for NF. thanks for the info.
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TillerLeong
post Aug 23 2007, 12:48 PM
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i m new, anyone sifu here can help me? tell me simple introduction~
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jong52yuara
post Aug 23 2007, 02:43 PM
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QUOTE(TillerLeong @ Aug 23 2007, 12:48 PM)
i m new, anyone sifu here can help me? tell me simple introduction~
*



http://www.babypips.com/school/

when finished reading, check out www.fxstreet.com for wide range of brokers..

also checkout these forum, www.forexfactory.com and www.forex-tsd.com
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billytong
post Aug 23 2007, 03:58 PM
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Ohh yes this is great...the euros is @ mid 3500s.

I will be expecting a 3600s by tomorrow night.
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jack2
post Aug 23 2007, 08:30 PM
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Heard from rumors that GU will drop 500 pips after reach 2.0150
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kevler
post Aug 23 2007, 09:12 PM
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QUOTE(billytong @ Aug 23 2007, 03:58 PM)
Ohh yes this is great...the euros is @ mid 3500s.

I will be expecting a 3600s by tomorrow night.
*




yerp me too bro ...it should break 3700 and higher ...then it will retrace .


conclusion = dollar index indicates long and higher ...

just my 2 cent prediction
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darenohh
post Aug 24 2007, 10:17 AM
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I am going to start forex since I not longer in malaysia... any suggestion where should I register and start a/c?? how about the commision?? will software provide?? I heard there is one that we need to bank in around rm2000... can buy mini lot for us100. min long or short is 20 pipe (depend on vilatile or not..)
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jong52yuara
post Aug 24 2007, 01:57 PM
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QUOTE(darenohh @ Aug 24 2007, 10:17 AM)
I am going to start forex since I not longer in malaysia... any suggestion where should I register and start a/c?? how about the commision?? will software provide?? I heard there is one that we need to bank in around rm2000... can buy mini lot for us100.  min long or short is 20 pipe (depend on vilatile or not..)
*



go to fxstreet.com for selection of brokers, also checkout forexfactory forum to see if those broker have bad customer service or frequent complain & problem.
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billytong
post Aug 24 2007, 02:05 PM
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I would like to add something on the Fxstreet. Do not trust their forex prediction/ analysis. Most of them are not accurate in the long run.
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luqmanz
post Aug 24 2007, 09:26 PM
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Hi all ....

How's everyone doing ? I hope everyone are doing good with forex.
It's good time to long Fiber now hehe ...



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