ok... never know got difficult and easy pair... any suggestion what is the easy pair...

thank you

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Added on April 14, 2010, 11:06 pmtq.. any suggestion on which pair to stick to????

This post has been edited by forexjr: Apr 14 2010, 11:06 PM

I am trading 6 pairs, from different portfolio to diversify risk.

USD, EURO, GBP, JPY, Commodity

GU
well, its not like stocks/share where it can go worthless if something goes wrong with the country, unless that country goes to war and lose
so the rules of putting all eggs in one basket actually dont apply... trending and less volatility (not too passive) would be a good criteria..
how to determine its not too volatile? i put an imaginary 1 position buy or sell (set 1 price) if that past market move and hit my price and sl more than 7times in a few days.. its volatile.. the longer the period.. the less volatile the pair is..

This post has been edited by Sham903n: Apr 15 2010, 05:17 AM

I belive if you spend enought 'screen time' on any pairs, then it'll automatically become an easy pair. That is, once you become so attached to it, you know what is yesterday's closing, high, low, pivot....etc. I started with EURUSD and now had just added GBPUSD. It used to be (normally) both trending together. To my surprise and i found out that they could trend against each other (scalping, daytrade). Hmmh, lost quite some pips.....anyway good experience.

Wondering how EURUSD and GBPUSD shall fare today? New are affecting these pairs greatly.

Happy pipping.

on daily chart ...i saw nothing but bullish ...

and bullish for GJ too ..

This post has been edited by kevler: Apr 15 2010, 08:05 AM

Below is from Elliot wave perspective

EU Daily


GU daily


UJ H4



credit to bluebottle

forexjr study the fundamentals to understand why that happened

different pairs have different volatility, hence different stop loss level. Learn to read price action well and learn how to identify swing points to place your stoploss and profit target areas. Once you can identify them, your trading will get better

which broker are u using?

could not agree more. we shall see whether GU will break 23/02/2010 high or not today.

Thanx for de info... would you mind suggest me which broker to start in terms of depositing and withdraw is easy..i dont mind if earn like 10-30bucks. After i know the flow i try bigger funds.

for a start, u could try instaforex. try the demo 1st ya. once u grab the fundamental, start live small for learning process. once u familiar with stuff, u can choose whatever broker u like.

Thnx bro will give it a try

I thought somebody once said instaforex is a bucketshop?

*I too am looking for IBs to start an acc. So far I only know that IBFX has a malaysian toll free contact. (Haven't rung them up to ask)

My main concerns are the transfer of capital, how do you guys do it? I saw in earlier posts some of you mentioned wire transfer, so can I use any of the local banks (suggestions welcomed) to transfer capital directly to the IB? Or do I need to have an overseas acc? (e.g. Paypal?)

Thnx

if the GU making unexpected movement to the north , in this couple of days , we need to recount the wave again ...

believed already touch the feb. highest today

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Added on April 15, 2010, 2:44 pmtq for the advise... and i belive gu is still crawling up north up to now... no sign of crawling down yet...

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Added on April 15, 2010, 2:50 pmthe is my main weakness.... fundamentals...

This post has been edited by forexjr: Apr 15 2010, 02:50 PM

Someone predicted that the GU will fall to 1.32xx to 1.30xx end of this year.

put aside bucketshop issue. instaforex provide fast cash in as needed by him. usd100 for a real live learning is worth give it a try. after becoming a pro, seasoned trader , its up to him to migrate to any other broker


its up...n down

btw, i'm not trading, just watching n analyze the market as exercise. no doubt i lose chances to make money, but the analysis is important thing to learn. its worth infinite money


err..nope, passing R2 n a sudden drop below R1. would the pair break R1 again today? now, enters the correction period (if no sudden R1 re-break). owh...its gonna be a really2 long one. 23/02/2010 is @ 1.5572.

fyi, feb high is on 03/02/2010 @ 1.6066.

a re-break above R1 more than 10-15 pips...the pair is up up n away n its only north if GU breaking today R2 real hard.
no break? a bear we had there.

btw, i'm not good with long period chart...especially week, month, n sometimes day. mostly, i'm scalping at 5M...sometimes at 15M.

This post has been edited by Invince_Z: Apr 15 2010, 04:00 PM

So instaforex is ok then. What is the min for instaforex? I tried to email..still waiting for reply.

afaik, no min. but i suggest, start with usd100 n trade no more than 5 cents per contract. instaforex is so so,if u want to trade in Ks, better choose others. i'm answering u based on ur needs, fast cash in. instaforex cash out, is slow. 1-3,4 days. trade with the intention to study. u'll learn more thru live trading.

if u wanna try instaforex demo, start with usd100 too.

This post has been edited by Invince_Z: Apr 15 2010, 04:05 PM