u r refering to which pair? GU? EU? EG? lets pretend the data ain't out yet.

GU: it has no direct relation with EUR. the effect wont be much. more up n down in relation to EU n EG.

EU: cant say much, it'll be about than 50, no more than 100

EG: also the same. not much...around 50.


btw, i'm aiming for GU to drop further below resistant support 3. its my main pair compared to EU and EG.




EDIT:




change resistance to support. sry...typo.

This post has been edited by Invince_Z: Feb 19 2010, 06:24 PM

your position for GU is selling?...
does the 5.30pm news give big impacts to GU or GBP pairs?... or probably 9.30pm news will give bad/good impacts?...
from what I see in higher TF...its still a down-trend...

im for both. sell for long trend. short is buy...close at every 10 to 20 pips. i'm also shorting sell. long sell is what i sell above support 3. below support 3, all goes to short.

GBP news at 1730 GMT+8..it has high impact. becoz of it, the pair goes below support 3 (sry..previous post should be support). see the graph pic. drop almost 50 pips in M1 timeline. i still cant believe it. probably wont go above till end of day. 12 hours more to go

btw, i'm new to forex. dont count on my speculation too much. it is better if some otai could give his opinion for what i wrote.

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Added on February 19, 2010, 6:27 pm2130 GMT+8 is all that's left. expecting GU pair wont go above support 3. if the news was good, then, be ready for another GU free fall, probably all the way to 1.5300. maybe bro kevlar can belanja us all. he sure profits a lot. about USD 800 if he still didn't close the deal posted previously.

This post has been edited by Invince_Z: Feb 19 2010, 06:40 PM

Why instaforex, i feel no safe with them, most ppl say them are bucketshop. I prefer fxopen, last year on the expo fxopen won award.

Links:


This post has been edited by visioncored: Feb 19 2010, 10:45 PM

1st post updated.

its the only one i know

last time i use to hear that fxopen did not pay the customer when they withdraw the money, its around 2 yrs ago. But recently see there are many of fxopen advertisement/banners in most forums i surf. I will think of trying with mini account with fxopen.

the news is out...GU and EU is doing the climbing up(as for now)...
is there any big impact towards USD pairs?...nothing much(or did i missed something?)

did you managed to closed anything?...

so what's your choices then?...all the best in trading...

This post has been edited by unknowndevices: Feb 20 2010, 12:37 AM

Having 1 account with marketiva (easy and convenient because i can easily fund my money with LR , but make sure that you keep this account with small amount) , 1 account with IBFX (so far so good) , according to my friend alpari-UK is great too, anyone here try alpari - UK ?

yup. closed a few..too bad. why bad news? next time maybe

quite a climb they make there.

This post has been edited by Invince_Z: Feb 20 2010, 05:55 AM

i used alpari-uk. quite low spread, but their problem is pricing is quoted with 5 digits, say EUR USD at 1.54321.
i find it very confusing,though they claim its advantageous in seeing a more accurate pricing.

This post has been edited by J(o)y: Feb 20 2010, 09:40 AM

Oh, the decimal number, you have to train yourself to get use to it. It has been long time for my last post in lyn forex thread

5 decimal points? pips changes must be tiresome.

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Added on February 20, 2010, 11:24 amwhat ir ur opinion on this? --> http://forexmagnates.com/forex-binary-opti...false-breakout/ and next week event n pairs movement?

This post has been edited by Invince_Z: Feb 20 2010, 02:22 PM

Both GU and EU got pinbar on the daily chart.. Its a possible setup for me..
The plan is to wait for retest of 50% retracement of the pinbar for confirmation.. looking for long.. target around 1.5600 round number for GU. I dont like the pinbar on EU..shadow not long enough.
disclaimer: no positions

Well, i got few brokers to introduce, but i only use fxopen FOR now.
(The brokers i introduce was reviewed many times and popular ones)



This site is good for knowing what broker is scam, and what people saying about the broker, you can also review it.
Forex Peace Army

Well, if you think way deeper, a lower euro and pounds are a positive for future economic data release. Of course, market will always try to price in future fair value of each currency base on the respective countries' economic strength. And although it seems like Europe is in deep sh** right now, it doesn't necessary mean that Germany and France won't do well. With a weaker euro, Germany and France will benefit the most compare to the others. All and all, we have yet to see what germany plans to do with greece, but i suspect a big reversal is coming soon for euro.

Alpari 5 digit system is more precise.. but it can mess around with your custom indicators..especially anyhing related to money management, spread and range indicators. I've mess around the settings but I cant find a way to switch to 4 digits.. in the end i switch to fxdd.

so, instaforex is in scam list?

Some people say Instaforex is a bucket shop. Personally, I would not want to park my money there. Their bonuses and aggressive promotion makes me wary.
Majority people go with big market maker broker.. big names like ibfx, oanda, alpari, mb trading etc.. Its really up to you to pick which is the best for u.

I am preparing to long GU and EU, now waiting for confirmation.

looks like manual day trading is taking its tol on me.. tired, everytime I wanna go sleep I have position on and need to clear bfore I log.. just 30mins later its start to go further, nothing is more frustating when you took profit early and see it runs to hundreds of pips after you went out... Looks like im gonna have to make my own ea... delving into c programming now.. anyone here a programer?