I would say nice try. BNP, can they guaranty that? Back in 2 years ago. People are calling USD grave yard. Look what happen now? Economist can predict whatever they can see base on economy studies, but the real fact is politician can make wrong thing look OK. Logical thing can become illogical or otherwise.

Besides in terms of economy size/GDP alone, Germany + France alone took a huge portion of Eurozone economy. And it is not the entire Europe facing the trouble. It is those 5 trouble makers digging their down grave. They had benefit a lot, over leverage when they adopted Euro last time. Now it is time for them to pay back what they had gained.

Isnt the guys in BNP saying 1.19? it is already up 240pips fro bottom now. I hope they are right.....

not to say too early to tell, but I know one thing. USD and EUR cannot fail unless there is a 3rd currency to replace them. Yuan is not openly traded, GBP is no where near competitive. Besides there are tooo many variables happening over the long term. Nobody can predict the future.

I didnt not say they are wrong. We will see if they are right about it or not.

If you have noidea where the market wanna go, I suggest taking a break and watch sidelines.

however I still havent change my short bias on Euro, until they actually really solve the problem entirely.

Look carefully, for the past 2 days, 1500-1600 is bullish. So i am expecting it to peak out @ 1600 time. If it still go up... it will hell a lot higher, otherwise it will be a water tank with a hole, drain back its gains.

I dont know why. but seriously check all the previous day. Almost all the time 1500-1600 or to 1630 is has something to give us something. it is already where the trend of the day start kicking in.

again now since it didnt turn around @ 1600, it will be on its way up..

I hope anyone here manage to grab the green pips today.

yes. the water tank that filled up already got hole now... draining water.

I am saying 1600 time frame. means 4pm... 1600 = 4pm. not 1.1600.

I would like to add, if a person want to Bankwire to broker Acc with over 50K, you can split a few times to do it. Only cost RM25-RM40 each bankwire, just a tiny bit of money only.


btw, Oanda is one of the very few Fx broker that gives you interest on top of ur deposit. The interest is a quite a bit of money if you have large acc something like 5-6 figure acc.

@ AUD Acc I had, I got 4.1% annual interest rate that Oanda pays me everyday, which is well above local bank rates now also.

I am not referring to the pair u open/long/short they charge you. I am saying the deposit fund. Everyday it gives u interest base on ur deposit fund. Interest rate on deposit fund will not be negative.

This post has been edited by billytong: May 18 2010, 07:39 PM

Very Agreed, tbh I never expect that silly German ban that thing that change the trader sentiment. It is very unexpected to me. Otherwise EU would be 1.20 by now. Not to mention the Swiss bank is doing all the intervention from background also. (wanna see that? see EUR/CHF chart)

IMO, Australian are much much better shape than USA/ Europe now.

If I recall they create 20K jobs on May report and have a lowest unemployment rate in May. Currently the huge drop is cause by risk aversion, stocks dropping, commodities shorting all combined.

I definitely have more confidence with AUD than the two bigger brothers USD & EUR.

May be CAD is not bad also.

Well sometimes it is good to keep lowprofile as u do not sell anything. It doesnt benefit u, it doesnt make u more profitable too. Just think about when ur forum Inbox full of "Hi teach me forex please", then u'll know how annoying it is.

Thats only when u dont treat ur demo as real as ur money.

If u can keep ur demo in black/green pips and growing without over leveraging. You are doing good.

This post has been edited by billytong: Jun 27 2010, 02:00 PM

Sometimes I do not understand.... why are people keep go on unregulated brokers or smaller ones despite they know and they still asking here. These answers has been pop up again and again...endlessly.

IMO, if the broker doesnt comfort you, MOVE to another bigger one. simple right?

IMO, the major brokers offer are quite competitive enough already.

if u want tiny Spread, interest on Deposit fund - > Go Oanda. (not many can beat their spread)
if u want Hedging, go ibfx, fxcm
if u want Solid ECN, go ODL, interactivebrokers.
if u want a bank, go Citifx, dbfx.
want leverage? I think a couple of major ones offer up to 200, which is more than sufficient.
Tho, I heard SG broker IGmarket offer up to 700. but still better than those silly unnamed broker.

What else smaller broker offer? Free 50 bucks upon open acc? I cant think of any to be honest.

Yeah my bad for not checking Ibfx as I did not use them.

I guess u guys got my point, there is simply no reason to go unregulated silly broker.

Oanda execution speed is as fast as u click, I am not kidding. U can even move ur SL 0.5sec to 1 sec b4 it get hit.

I once move my SL above my BE to save me from losing money, and Oanda honour my SL. Yes I set my SL @ BE 1 secs b4 my trade position went red.

Just a tip the typical slippage for Oanda is about 0.1 to 0.2 pips, so if u guys using oanda wanting to set ur SL and do not want to lose a single cent out from it, set +0.3. Just dont set @ 0.0

Oh boy, u sure how to trade GJ without Stoploss. Good luck with ur trades.

this method works for ranging market only, and expecting the a reversal is not something u want to recover ur losses. If ur larger second/3rd/4th entry get taken out easily, ur acc will be in a deep hole to the point of no return. The market can trend to the point of no reserval for months. Look what EU did from 1.52 to 1.21. Pretty much I say it is a suicide method.

One of the better method is a having a Larger reward/risk factor For example, losing 50pips is unacceptable if your TP is less than 150pips. Risk and reward and money management is extremely important in winning this game.

And understanding the trend of the market for the day and expecting to cut the loss quick so it can be small enough to recover quickly. The timeframe of the stock market opening can have a major effect on currency too so are stock market movement.

if u want to test a method, try test the worst possible condition that the market might throw at u.

This post has been edited by billytong: Jul 30 2010, 04:04 PM