ya, EA is good when u are in profits but there is no 100% profitable EA or holy grail EA. You can try on some famous EA like phoenix , goblin , pips boxer .

anyone here try WSS before?
good?comment?

it based on breakout system , there are many free breakout indicators u can try it .

It happen once a blue moon. But it is not as often as few months ago.

if it only affect new entry?or previously opened positions will be affect as well?

I hope you guys are making the pips from GBP/USD and USD/JPY. Both are doing great now. Keep an eye on EUR/USD as well. It's going to crash really good (I hope).

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Added on March 5, 2007, 9:53 amAnother interesting point to share.

Market consists of hedgers and speculators. Hedgers work office hours while speculators may work 24 hours.

This morning, EUR/USD and GBP/USD crashed 70 pips at least during Tokyo open. What's weird about it ?

It's weird because the market moved so much without many hedgers presence (Americans and Europeans are sleeping)! It tells you that speculators are very bearish about those pairs.

This post has been edited by luqmanz: Mar 5 2007, 10:01 AM

It affect all of them, if u enter during 10 pip spread, you will be pay extra 10 pips higher than market. if u close ur existing position @ 10 pip spread, you will lose more pips.


Yeah the EUR/USD crash this morning. It hit my take profit. I wasnt able to move my take profit further down fast enough! Damn!

This post has been edited by billytong: Mar 5 2007, 11:48 AM

Hitting the take profit early is ok because you can always reenter the market when you have the chance. What worse is when the market reverse before the take profit is hit.

ah.. what happen to markets just now? down n up so fast...

i've made few pips only.. scared it would reverse back so fast also.



This post has been edited by hunt17: Mar 7 2007, 10:34 AM

Another interesting phenomenon in the market. The manifestation of greed and fear in the market.

This is GBP/USD at 10 am (M'sia time). Currently, the speculators controls the market because hedgers are still sleeping. Speculators are controlled by greed and fear most of the time unlike hedgers who trade in the market for fundamental reason (import/export etc).

Notice the triangular shape (the last pic). Traders are entering long and short positions with tighter target profit/stops each time, trying to outdo each other. Greed and fear.

When you see this, stay away from the market. You'll lose money .

I made some pips entering at blue line and exit at green line though.

This post has been edited by luqmanz: Mar 7 2007, 10:46 AM

Attached thumbnail(s)

Bah make it simple. buy at the very bottom and sell at the very high. (after fundamental analysis)

Guys I think we should have one IRC channel or channel medium to share and profit and do better among ourselves.

Or is there any oversea IRC channel that I can join off?

I long EUR/USD @ a not so good Price 1.3135 , now hoping it rally above 1.3173.

Limit another @ 1.3148 (after 1.3145)

Where are the hedgers? come on!

This post has been edited by billytong: Mar 7 2007, 01:32 PM

Hopefully EUR/USD will rally when the market opens. 2 hours to go before market open.

I close that not so good position with minor loss and long another one @ much lower price. After all the Spread is just 1.2 only.

The 1.3080 seems to be a very good support. Anything break below 1.306x will be a disaster

This post has been edited by billytong: Mar 7 2007, 03:59 PM

Good for you .. let's see some action this evening.

looks like markets r no good to trade...

like luqmanz said.. its triangular shape for now...

It seems to recover from the fall, but it is still lack of strength to climb up.
Well these thing normally happen after the end of a sharp 90 degree drop/up. Most of the time I see this after dropping. But u can grab some over buy or over sold position if you are trading a longer term.

The triangle ends, now it is bullish.

EDIT : the 1.3236/40 is a very tough resistant.

This post has been edited by billytong: Mar 7 2007, 08:48 PM

Well, Eur/USD is going up, so it did rally as predicted.

Yup, my position is now positive and it took longer than I anticipated. I hope it will rally higher today. Looking for a chance to add into that position.

I close my position and take profit yest midnight already. Take first, dont greed.

now I'm looking for another long.

@ the current price 1.317x, it doesn't sound a good buy to me. Look at the chart, it is possible to have a minor fall.

I'm waiting to long @ 1.315x/60.

If it doesn't go down. Never mind, I'll look for a short above 1.3220/60. It is better to lose an opportunity than losing money.

Ahah stress galore.

USD/JPY jumped 20 pips today just 30 seconds before I put a long order with the target profit that got hit.

And then I put another long order 45 mins later. I chickened out 30 seconds before it jumped another 20 pips and hit my target profit as well..

There goes my profits.

The moral : master your psychology.