hello,

anyone has figure how many spread to be given in each transaction to be made ?

I need some advise on that . eg. how many earning to be made to cover broker's spread ? so that I can know how much profit will be in my account..

Help ~ ~ ~

You can do that, but what is the different with gambling then? But anyhow anyway, it depends on individual. For me I will not do that, that is why my capital grow very slow compare to my other trader friends.

you will enter and exit like u did with your own trading style....it just your enter with big lot...maybe 20%?

25oct09 waiting list


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I am putting my eye on EU H4 chart:



Hopefully can gain pips for this pair tomorrow.

No that is not quite true. You got the exposure wrong. The equity is not at risk. Of course, in his case, there is no stoploss and risky but we know gold is only heading one direction. For example, if I have USD10000 and I buy 10 lots that cost USD7500 with a stop loss of 10pips, that is not 75% risk. That is only 10% risk as hitting stop loss would cost me only USD1000 and not USD7500.

This post has been edited by sleepwalker: Oct 26 2009, 10:27 AM

if the breakout happen on weekly..maybe we will see this week GU will go down...

for today...i think daily still want to go down..so more short from long....




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its now 12.30am.eu suddenly drop 130 pips.what happened guys?
there's not even a news at forex factory

Old school trendline break....what so big deal about it?

Believe me or not this break will hit 1.4820? haha..let's see

This post has been edited by bulkbiz: Oct 27 2009, 07:16 AM

I think because of the oil prices increased, last week oil prices from $79 to $82 and possible that will rise to more than $100 by end of the year.

No. That's a typical reaction to DOW falling 200 points. It went right through the floor and it's a basic forex101 that when equities, oil and commodities fall, USD goes up. It's not just the EU. Oil fell, USD/CAD went up. Typical reaction is oil price down, USD up and vice versa. Commodities fell, AU and NU went through the floor too together with it. All happened last night with the DOW leading the way down.

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Added on October 27, 2009, 9:52 amNot so much old school trendline break. It's more old school people buying USD when riskier equities fall. It all happened last night.

This post has been edited by sleepwalker: Oct 27 2009, 09:53 AM

Yes, you can see USD is up, so EURUSD down, USDCAD & USDCHF up.

wow,u were all pro here.i got so much to learn.better start with basic forex101.

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Added on October 27, 2009, 10:16 pmagain...nightmare round 2

This post has been edited by hansapkuay: Oct 27 2009, 10:16 PM

Everything is too late to find out why the price drop, oops did I said the price will hit 1.4820 earlier? Anyway, already TP. Hit my target this week.



This post has been edited by bulkbiz: Oct 28 2009, 08:06 AM

You were too late but most of us intraday players would have seen this drop coming when DOW dropped like a stone and the forex followed it. So predicable.

Spot the right thing, but doesn't mean it grants u pips

Short @ break of neckline
TP @ projected TP
SL @ right shoulder high

At laz, Hit SL @ +1 instead of hitting projected TP


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hie all,
newbie here.. no idea bout trading.. ive done some reading and some researched and trading with virtual acc for the past 3months through marketiva..

my quest.. ($1 trade basis)
1peep = $0.01 @ $ 0.0001 depending on the currencies that we trade..

via meta trader 4 (ikofx)
1peep = $1

is it true?

i am new in forex, how to make success trade?

My first 2 weeks trade was chaotic. Now refining strategy, can see some stable growth of my pips. Wish it can sustain for months before I enter with real bullet.

!!!

This post has been edited by woopypooky: Oct 31 2009, 05:27 PM