if wanna play forex, always select the big reputable brokers....

Anybody still awake to c d drop in E/U?

This post has been edited by Volatile369: Mar 25 2010, 01:34 AM

i'm, just wake up at 1.30-40 something..only got 2-3 hours sleep but i'm fully recharged. gotta study...tomoro mornig got test. eu is slowly dropping. ngahaha. gu maintaining its below support 3 range to its big support 1.4870

all i can say, the huge big drop is incoming


btw, let say a doji appeared on GU or EU D1 chart tomoro or day after tomoro. what would any of you think? will it bounce back, knowing the nature of doji itself?

This post has been edited by Invince_Z: Mar 25 2010, 07:26 AM

hey guys. i add live Britain parliament tv in 1st post. if anyone know any other live tv/streaming on other gov parliament, feel free to inform me. looking for USA, EU countires or EU itself, n any other worthy live streaming related to FOREX, commodity, stock market, etc

Good morning all, after few day drop, i think EU will rebound a bit before continue it daily trend.

My TF is H1, H4(Major) & D1

EU is no longer in range. Your box is outdated. Your technicals are being overwhelmed by sentiments. When sentiments engage technicals, sentiments always win. If the market wants EU to drop, it does not matter how much oversold is being indicated by technical indicators, it will keep dropping and getting deeper into the oversold zone without any major pullbacks.

Only in the absence of any sentiments do we use technicals. If the market is in doubt and does not move according to sentiments, then we fallback to technicals. If the market is trending according to sentiments, technicals take a backseat.

sentiments win over technicals

so quite here. where everyone go? working? today's test was awsome.huhu...everything i discussed with friends come out. hopefully can score high mark.

a break-up for eurozone is possible.greece gonna leave euro if things got worse. pray for it guys.haha --> http://www.forexblog.org/2010/03/a-break-up-of-the-euro.html

This post has been edited by Invince_Z: Mar 25 2010, 12:10 PM

In moving average indicator, what is the different of MA method between simple & exponential?

long gbp/usd at 1.4896 target 1.4936 sl 1.4876

p.s. demo account

welcome. glad to see new trader. trade wisely yeah. even on demo

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Added on March 25, 2010, 1:09 pmthomas, care to share ur demo history?

This post has been edited by Invince_Z: Mar 25 2010, 01:09 PM

Thomas's account free margin left -$297, margin level only 65%, still got 15% margin call. I suggest him to close the trades rather than risk his capital.

i want to see too



he got 500 bonus, and according to his broker, margin call at 30%

This post has been edited by john123x: Mar 25 2010, 01:42 PM

Simple ma takes the average of values in its range. exponential MA is weighted where the most recent value is weighted more than the old value. difference is in the formula of calculation. look it up in technical trading books.

Nice explanation.. or rather nice copy and paste. This is what we call a text book explanation.

rstusa, put both EMA 20 and SMA 20 on your 1min chart and you will notice that the 20EMA will react to changes in the current price action faster than the 20SMA.

So for example, when price hasn't changed much for 20 mins, both SMA and EMA would be about the same. The moment the price changes up or down, you will notice that EMA will move/break faster since it's putting more weight on the most recent price. You will see EMA breakaway from SMA and after that SMA will play catch up.

In a nutshell, both are about the same but use EMA if current price action is more important to you.

This post has been edited by sleepwalker: Mar 25 2010, 03:17 PM

I see, thanx for the info. But normally i use H1, H4 & D1 chart. My friend suggested me a 6 SMA, 12 SMA & 21 EMA, he said 21 EMA is for more secure to look at it once it cross both 6 SMA & 12 SMA to do decision for the signals. What you think of this situation?

to Thomas :
once again you are done for.. another guy that joined the 95% group.. You are clearly over leveraged with such small capital but you refuse to listen to fellow forumers.

Oh, he had a margin call...

I can see that his trading since 17th Mar open lot size with 0.40, 0.50, after he gained the profit then his greedy heart appear and tried to key in 1, 2 lots, finally he go back to 0.50 lot.

This post has been edited by rstusa: Mar 25 2010, 04:38 PM

he hit the wall very hard. was exited when watching him gaining sooooo much profit. his action past few day really make me thinking should i follow his style of trading. but in the end, poor MM really effect the outcome.

to thomas:

cheer up mate. you still have some money there

it is also caused by his bonus credit line usd 500 taken away

15k in one week, down in the drain, summore lost broker bonus money.. haiz..

Thomas, to be honest im 22 jz like u, i knw youngsters spirit wan to 'chong' as u, bt later i found out that this is disastrous, sumtimes to listen n learn is still the best rule of thumb, no matter wat u r venturing, it is timeless.. nw jz hope u learn ur lesson..

U will be in our heart, an ideal example to all newbies.. gud work in posting ur progress here, wiv extraordinary confidence in ur tips..

Nw my last advise to u, look inside ur heart, ask urself, is really forex for u? if not change, if so, listen.. n learn..

This post has been edited by Volatile369: Mar 25 2010, 05:14 PM