The ranging made me hit SL today. Guess it was too small. As for GU, I'm still holding..

After long GU, I think it's about time it drops too



This post has been edited by Vaseline1: Jul 14 2009, 10:27 AM

This isn't like Garage Sales sub forum where a bump is really needed. Repeating it here, in this particular sub forum may be considered as spamming.

Most pairs like GU and EU gained last week. I believe some of us are looking for a retracement but just not too sure when. Also, stocks have been rallying way past fundamentals. The USD as a safe haven looks to be slowly losing its status while JPY reinforces its position.
Argh.. uncertainties

I see mphpopular has started to trade the non major currencies lately

On a side note, a big gratitude to the contributors of this subforum. I was a humble noob a few months ago not knowing much. Maybe it's luck, but I got about 1000 pips from mid August till now. But before that had to trial and error for a while. No EA.

Here's to a good week for everyone

This post has been edited by Vaseline1: Sep 14 2009, 11:12 PM

If there's one thing I learned here, it's to always listen to the experts. 2 months is a relatively short time frame. I'll see if it is stable after 4 more months. But thanks!

I believe day and position traders can make just as much pips. Day traders have the big advantage of exiting the markets, closing their exposure to the markets when they are not around.

The reason some people left this thread is because it has many times been used as an avenue to sell courses/EA/methods. This thread started as a place for discussion on possible strategies, each user posting up his/her charts providing greater depth. While I do not condone it, I think you should do it in other sub forums for selling products. Also, it would be better to provide a longer time frame to prove consistency.

I started at this thread, and it has definitely helped me significantly. I do hope it will stay as a good training ground for others.

After all, while I do manage to squeeze out 800-1200 pips like you, I would never be where I am today if not for those in this thread.

There is always a small risk for that to happen. But I have not heard any.

Do avoid FXOpen at all costs. They've started advertising in magazines and even on cars. Experienced traders will know that is one of the biggest scam. Apparently Instaforex just opened a brand new office in KLCC as well. Avoid that too. Owners are Russians who exploits Malaysia's weak compliance with laws and regulations.

I think it's only right for BNM to warn us.

http://www.themalaysianinsider.com/index.p...ading-warns-bnm