RIP

EU bullish,but for how long...limit reached...hoho,still going up

what had just happened to eu??? snowball down and snowball up????

The moment you ask "What happened?" then you re either a fundamentalist or a news trader.
But then, if you re using pivot as your main tool...

this kind of thing happen once in awhile. d intention is to confuse u d way it is headin. haha.. this is d time peoplesaid forexis crazy. swinggg aaaaa

IMHO,if u r havin bad days or moment,my advice is take few days off from tradin. when u return bc,u wil b more freshen up.

http://www.forexfactory.com/news.php?do=news&id=281744
Because some people got big mouth.

As I said, one guy in Center bank is all it needs to make the difference.

This post has been edited by billytong: Feb 22 2011, 08:58 PM

to be honest ... i dont know what i am yet.. coz i used everything even pivot... your statement regards to pivot.. anything wrong with that?

Yummy 40pips for the upward snowball! Rarrr..

This is my first time seeing such a big down and big up!

EU eh,nice
wonder hows kevler is doing with eu...

I knew that it's going up soon but I have no idea how soon. Haha.. Entered position about 10.30am+ I think. Scary ride.

Hope Kevler is doing fine with EU.

I've been following this thread for sometime now but never posted anything. Time to contribute some stuff here.. hehe!

At some point, you ll need to choose your path.
Its not unlike the branding strategy whereby some brands are known for low cost, some are known for quality and even those quality brands have their own differentiation. The idea, the brand needs to appeal to certain segment of the market as one cannot be all things to all people.
If apply into trading, I ve yet to see one who can play well all sorts of methods at the same time. At different times yes, it is possible.
I can see lots of confusion in your postings.
Eg. the 20 pips stop loss.
For some, it is seen as absolute. Oh 20 pips kena. Must stop. Lari. Cut. Lose USD20 better than lose more. I can be wrong more times.
Yet, today you saw, EU went down more than 20 pips. Only to rebound back all the grounds it lost.
Question: Is really 20 pips safer?

Of course, perhaps capital is the issue - cannot withstand 200 pips perhaps. Then maybe instead of playing 1 lot, perhaps play 0.5 lot or 0.2 lot or any lot size which is more comfortable to the style of play?

The reasons for the fall is not important. The journalist will come up with 1001 justifications - its their job, since everyone demands to know why. So what if one idiot said this and cause it down? The next minute some other idiot can say another thing and it went up? So, if really the market is so naive, then we must issue a gag order on everyone?

Anyway, take some time, think through it. If possible, go to any bookstores, look for samples of trading systems. Or just search online. Compare them. Look at its strength and weaknesses of all systems available. Then perhaps, you d be ready to make a system of your own.

quite active today,hahaha
btw,check tis out
Foreign Exchange and Derivatives Strategies: Instruments and Practical Solution For Privates Clients
http://www.fpam.org.my/fpam/2010/07/foreig...ates-clients-2/
the downloaded word doc contains objective,learning outcome n tentative...
so is it worth registering/attending...RM160 n its in july (oopssiee)...

This post has been edited by shajack: Feb 23 2011, 12:01 AM

Anyone where to get a forex coach in malaysia?

one step at a time... if you rush to make money. that will never happen. (we have to learn the old ways of "delayed gratification" - this world now is full of "instant gratification", everyone wants short cut)
learn the basics, theres no short cut..
its true you cant learn to ride a bicycle by reading,
then start with a minimum cent account to get the feel of trading real money probably will cost you about RM37
you cant beat real acct experience vs demo.. start small, money you can lose..
classes usually teach what you can get on the net for your time (if you say your time is free..then it is.. i for one dont think time is free)
usually basic fx class are over charge.. so ask/check around before going to one.. just dont sell a house to go to one.. its not worth it..
good journey

i feel most important is your tolerance level. Only trade according to your level, once okay, slowly go bigger
20pips is easily shaken out with noise. For gold, you must be able to endure at least 150pips negative your direction only can survive the volatility

so stress yesterday, i say my floating level dropped from + $3600 to -$2600. Mind you, live account, not DEMO. $5000 fluctuation more grey hair
and i have to hold these positions for the next 3months to come. i see 300pips profit, cannot take profit, slowly go in more and more and whack big lots when strong retracement comes.
i trade 2 schools opposite method. Go (safe and steady) and go (hard and aggressive) when strong retracement comes. its like asking you to be a female and male at the same time.

try to trade larger timeframe for starters, intraday you must know ur pair VERY WELL only can profit consistently

This post has been edited by AllnGap: Feb 23 2011, 07:39 AM

Transvestite?
On a more serious note, good post

thanks for buzz me :-)

so far i'm still holding -ve pips ..but somehow i'm able to grab some pips during reversal yesterday

and i'm keep up with Eu/AU with bullish mode .

currently i'm not trade much as the graph shows alot of ranging aka corrective wave in elliot wave terms ..

will wait for next month for new trade setup

January until now the market if you see from daily chart is consolidating, a big Tsunami will come after this boring market, it happens all the time, every time, too bad I don't have enough "bullets"....sigh

This post has been edited by goleng2001: Feb 24 2011, 07:17 PM

updated

i have closed all countertrades on EU EA EJ GJ GU for this month ..

and i'm still believe bull trade are on the move

perhaps there's some correction here and there , but i'm waiting for next major bullish movement in next couple of weeks .

happy trading

the real turtle havent started work yet for 2011 is it ?