Forex | Version 8, Foreign Exchange Market Discussion
|
|
 Feb 28 2011, 10:55 PM
|
 
Senior Member
2,939 posts Joined: Oct 2004 From: localhost  
|
updated
I have closed most of my trading on EJ & GJ ...as i'm waiting for next day monthly chart new movement :-) and that's determine my trading for next 30 days 3304 minutes to go :-P |
|
|
|
|
|
Feb 28 2011, 11:25 PM
|
Junior Member
355 posts Joined: Jan 2008 From: 3 titik
|
QUOTE(billytong @ Feb 28 2011, 06:02 PM) thats the thing I do, but if u are swing trader u will be thinking.... word from pro... it make live life much meaning in real world...when u watched TV, u will switch to CNBC once a while, if u go gym, u will watch CNBC @ gym center too, b4 u sleep u check price again, morning b4 breakfast, u check again, lunch u check again. Go to shopping u keep wondering what is the price. for example say...ECB got say XXX today wor, will be talk dovish,hawkish for Euro drop/up 100-300pips in a few days? What about Libya prob, example later if some latest breakthrough news can send oil price shoot up, euro follow up 100-300pips. with a few thousand to tens of thousand on the table in market, it is hard for a trader not to think at all lol. Seriously....thats how I dont want to be Swing trader too long lol. Your mind will be full of FX the whole day. Login get the daily trend, trade a few hours, get out. and completely forget about it, thats a lot better at least for me.  |
|
|
Feb 28 2011, 11:32 PM
|
Senior Member
4,561 posts Joined: Jan 2003 From: Penangites 
|
QUOTE(billytong @ Feb 28 2011, 06:02 PM) thats the thing I do, but if u are swing trader u will be thinking.... this kind of anxiety problem i think everybody has it, depends on how good can you control yourself, maybe require more training and time to get used to it. when u watched TV, u will switch to CNBC once a while, if u go gym, u will watch CNBC @ gym center too, b4 u sleep u check price again, morning b4 breakfast, u check again, lunch u check again. Go to shopping u keep wondering what is the price. for example say...ECB got say XXX today wor, will be talk dovish,hawkish for Euro drop/up 100-300pips in a few days? What about Libya prob, example later if some latest breakthrough news can send oil price shoot up, euro follow up 100-300pips. with a few thousand to tens of thousand on the table in market, it is hard for a trader not to think at all lol. Seriously....thats how I dont want to be Swing trader too long lol. Your mind will be full of FX the whole day. Login get the daily trend, trade a few hours, get out. and completely forget about it, thats a lot better at least for me. that depends on the personality and risk tolerance of the trader itself i really dunno how to pinpoint a nice trade now as the markets now is totally crazy IMHO. total disconnect with the fundamentals and dunno what is driving it. I'm waiting for the megatrend to come knocking only. will whack very big lots when the trend is confirmed. |
|
|
Mar 1 2011, 12:16 AM
|
Junior Member
249 posts Joined: Mar 2010
|
Whack big lot. price go against you and in no time you kena MC. careful lor.
|
|
|
Mar 1 2011, 08:58 AM
|
Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
|
QUOTE(kevler @ Feb 28 2011, 11:55 PM) updated How bout EU? I have closed most of my trading on EJ & GJ ...as i'm waiting for next day monthly chart new movement :-) and that's determine my trading for next 30 days 3304 minutes to go :-P  |
|
|
Mar 1 2011, 10:15 AM
|
|
Senior Member
2,939 posts Joined: Oct 2004 From: localhost
|
QUOTE(shajack @ Mar 1 2011, 08:58 AM) How bout EU? I have closed EU yesterday ...unfortunately , no profit taken during the closure :-/from the screenshot , i have put 3 flag on EU , which indicates no profit during the closure 
|
|
|
|
|
|
Mar 1 2011, 04:50 PM
|
Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
|
QUOTE(AllnGap @ Feb 28 2011, 11:32 PM) total disconnect with the fundamentals and dunno what is driving it. I'm waiting for the megatrend to come knocking only. will whack very big lots when the trend is confirmed. it is not disconnected from Fundamentals, dont expect green news produce bulls all the time,it depends on what the market focus really on, if it is focus on Oil price inflation, even red news from EUROPE wont change the trend. You have to know what the market is focusing on. Right now it seems to focusing on inflation, ignoring anything else. |
|
|
Mar 2 2011, 02:23 PM
|
Senior Member
2,185 posts Joined: Oct 2005
|
Seems like GU is all BUY this week ...
Dollar index is down T-Notes is down Gold is going up Oil is going up GBPUSD futures speculators are net long (COT) .. Let's hope for a good buy opportunity ...  This post has been edited by luqmanz: Mar 2 2011, 02:24 PM |
|
|
Mar 2 2011, 05:40 PM
|
|
Senior Member
2,939 posts Joined: Oct 2004 From: localhost
|
QUOTE(luqmanz @ Mar 2 2011, 02:23 PM) Seems like GU is all BUY this week ... YUP , i have more lots on USD and JPY pairs this early months and will put more buy trade during countertrade if necessary Dollar index is down T-Notes is down Gold is going up Oil is going up GBPUSD futures speculators are net long (COT) .. Let's hope for a good buy opportunity ... |
|
|
Mar 2 2011, 06:51 PM
|
|
Senior Member
2,185 posts Joined: Oct 2005
|
QUOTE(kevler @ Mar 2 2011, 05:40 PM) YUP , i have more lots on USD and JPY pairs this early months and will put more buy trade during countertrade if necessary yup ... GU went up like rocket .. =D I managed to get in at 6250. Will hold this position the whole day ... =D |
|
|
Mar 2 2011, 07:33 PM
|
|
Senior Member
2,939 posts Joined: Oct 2004 From: localhost
|
QUOTE(luqmanz @ Mar 2 2011, 06:51 PM) yup ... GU went up like rocket .. =D good job bro ...i'm still observe the market for daily chart and weekly chart as wellI managed to get in at 6250. Will hold this position the whole day ... =D currently i saw no major bearish on daily/weekly chart on USD and JPY pairs ... i'm interested to study on price action on forex , i heard it is good method to grab more profit at fast TF like H1 and M30 else , i will stick to EW method and also BW Chaos (learnt from Trading Chaos 2nd Edition) |
|
|
Mar 2 2011, 07:49 PM
|
|
Senior Member
2,185 posts Joined: Oct 2005
|
QUOTE(kevler @ Mar 2 2011, 07:33 PM) good job bro ...i'm still observe the market for daily chart and weekly chart as well I'm using the principles in Larry Williams book ... using intermarket relationship (listed above), COT data ... and daily bias (I generated it using MS Excel).currently i saw no major bearish on daily/weekly chart on USD and JPY pairs ... i'm interested to study on price action on forex , i heard it is good method to grab more profit at fast TF like H1 and M30 else , i will stick to EW method and also BW Chaos (learnt from Trading Chaos 2nd Edition) For entries ... I just use buy/sell stop ... watch 5-6 markets but trade only GU .. hehehe .... Larry Williams book is really good ... the book .. this guy turned real USD10K to USD 2.1 million in 1 year during a contest LOL ... he did it twice... |
|
|
Mar 2 2011, 10:02 PM
|
|
Senior Member
2,939 posts Joined: Oct 2004 From: localhost
|
updated ,
i have closed most of my trade on EA EJ GJ , and opened multiple new trades. this time lot has been increased to 2 lot still maintaining buy trade on all pairs below EJ EA GJ |
|
|
|
|
|
Mar 3 2011, 12:17 AM
|
|
Junior Member
355 posts Joined: Jan 2008 From: 3 titik
|
EU / GU UT... GU maybe go .6380 and EU .3920... hopefully
|
|
|
Mar 3 2011, 09:27 AM
|
Senior Member
1,931 posts Joined: Mar 2008
|
anybody know why i got this problem ?
|
|
|
Mar 3 2011, 12:06 PM
|
|
Senior Member
2,185 posts Joined: Oct 2005
|
GU is still on BUY mode .... buy buy buy ...
|
|
|
Mar 3 2011, 05:33 PM
|
|
Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
|
QUOTE(luqmanz @ Mar 3 2011, 01:06 PM) GU is still on BUY mode .... buy buy buy ... period? day?week? GBP services pmi missed its target |
|
|
Mar 3 2011, 05:36 PM
|
|
Senior Member
2,939 posts Joined: Oct 2004 From: localhost
|
QUOTE(shajack @ Mar 3 2011, 05:33 PM) period? from my analysis , buy trade valid for daily/weekly/monthly ...day?week? GBP services pmi missed its target |
|
|
Mar 3 2011, 06:04 PM
|
|
Senior Member
2,185 posts Joined: Oct 2005
|
QUOTE(shajack @ Mar 3 2011, 05:33 PM) period? Its valid for today .... day?week? GBP services pmi missed its target if u wanna buy but price goes down .. that means its a good opportunity to buy at discount ... |
|
|
Mar 3 2011, 10:01 PM
|
|
Senior Member
2,939 posts Joined: Oct 2004 From: localhost
|
i told you so .
all pairs with USD and JPY are in bullish movement ! |
|
Topic ClosedOptions
|
| Change to: |  0.0173sec
 0.47
 6 queries
 GZIP Disabled
Time is now: 5th December 2025 - 01:05 AM |
Quote