Hey thnx bro. I'm really grateful got all the information provided and the patience to answer my question.

we shud make a subforum for this thread, discussing more about forex strategy and analysis .. or share some indi here tooo Merry Xmas PIPers !!

+1

instaforex quite easy to register. and easily to manage.
happy holiday... and happy new year 2011.
hope we all get big cash next year. :-)

Agree
Still able to bank in some nice pips from eurchf and gbpjpy in the last week before xmas
happy holiday everyone!!

yeah nex week can do a performance report on all my fx earning.. hope its a nice return value hehehehe

let's hope for the better profits and pipsy in 2011

Chartwise still bearish biased but oscillator indicated that there is a potential of trend reversal. Whether to SHORT or LONG depend on individual trading style. Check the news on how the market sentiment of this currency pair.


Forex: USD/JPY, seen between 83.00 and 85.00 in 2011 - BMO Capital Markets
FXstreet.com (Barcelona) - The Dollar Yen is expected to remain constrained in a relatively narrow range, during the year 2011, moving from year lows at 83.00 to 86.00 high in the fourth quarter, according to the BMO Capital Markets' Economic research.

The Dollar will remain steady around 83.00 during the first two quarters of the year, according to MO Capital Markets' Economic research, to pick up to 84.00 in the third quarter, and extend to 85.00 by the end of the year.

This post has been edited by imax80: Dec 26 2010, 03:07 PM

Trading is all about risk management.. its not a good time to trade right now.. the period between christmas and new year usually is just soo much volatility.. traders are still on holiday and portfolio adjustments abound.. trends could look like trends but in actuality just randomness..the charts will always be there.. just saying its better wait till 3rd January2011 imho.

yeah... thats right... just wait until next year...

end of the year a lot traders go to holidays rewarding themself

ok time to spend all the profit reap this year. close the investment book and getting ready for next year.

Happy learning and happy new year.

Hopefully can still see u guys here next year!!

We even gives various bonus such as 30% welcome bonus.

yeah... spent all the profit. or gamble for cash next year..
hehee

EURUSD Weekly Analysis 26122010
By BC,

Weekly Chart : EURUSD is currently below 100MA, 20MA and 5MA which is weak. A doji appeared last two weeks ago show that market is trying to rebound but Shaven head this week confirmed the rebound was failed. I am expecting the market continue to falls this week.

EURUSD Weekly Chart
Daily Chart : Daily chart ended higher than thursday and slightly above 5MA suggesting it might start to rebound. Because of weekly chart was in bearish mode, the rebound should be capped by 100MA. For Monday, it should be close flat or slight higher than Friday, expecting low volatility as now is holiday session.

EURUSD Daily Chart
Hourly Chart: Bollinger band and chart shape started to squeeze and 100MA had been broken, suggesting a rebound might following after this. However currently this chart is still under 100MA, 20MA and 5MA which is still in bearish mode.

EURUSD Hourly Chart

Conclusion: Weekly chart is bearish, daily chart is flat and hourly chart is flat with opportunity of rebound . It suggested that market might rebound in the start of this week and continue with slides.

GBPUSD Weekly Analysis 26122010
By BC,

Weekly Chart: Under 200MA, 100MA, 50MA, 20MA and 5MA. Bearish.

GBPUSD Weekly Chart
Daily Chart: Supported by 200MA, it is obviously a daily wave finish and suggesting a rebound. But bearish weekly outlook may suppress this. So it might be flat or little rebound. Should be well capped under 20MA and 100MA.

GBPUSD Daily Chart
Hourly Chart: Chart pattern been change to up trend. Suggesting a rebound coming. However, same as EURUSD, it is still under 100MA and 5MA which is still weak.

GBPUSD Hourly Chart
Conclusion, Same like EURUSD, weekly chart is bearish, daily chart and hourly chart suggesting a possible of rebound. It might start rebound for the start of the weak and turn back bearish in daily chart and hourly chart on end of the week.

the market is choppy now for eurusd and gbpusd. it's not a good time to enter trades. enjoying my holiday now with the profits earned
traders need to rest too and this is the time hehe

Any idea for carry trades in 2011?

Been reading through this thread and frankly most of the post are jokes. There are no more than 5 posts about DEMO trading which is crucial to newbies to learn the in and outs of forex. Demo account can shows just how fast their money can disappear even with 2% risked each trade. Let me dispel some myth that many newbies believe.

Forex is one of the most cutthroat market there is. The swing are extreme with 70points swing occurring in less than half an hour are daily occurrences even for mild pair such as the USD/CHF. From the way newbies sees it, 70points swing is potential 70points profits. But get your head out of you a**. Most of the time the swing is AGAINST your trade. Thats is the cruel reality.

If you are going to go live trading, start small. Something like 500-1000usd is ok. Anything less than 500usd better go to Genting and try your lucks. Your capital is your sword, the longer it is, the better chances for you to win as you could stay much longer and suffer string of losses without much psychological effect.

On selecting your broker, go with regulated and recognized broker. Stay away from Russians operated bucket shops such as Instaforex and the likes. Some brokers and Singapore branch such as GFT and Igmarkets. Those are good and reliable. Dont bother searching for ECN if you are not trading 10 standard lots per trade. Use bank wire transfers to deposit funds. State the purpose of transfer as investment.

GPBUSD might rise as term of research.

Very good advice, hope to read more tips from you

---

Added on December 28, 2010, 10:24 pm

Classic move that i like, break support turn resistance-->retrace--rebounce off resistance...SHORTTTT..capital preservation is the KEY!!!

This post has been edited by imax80: Dec 28 2010, 10:25 PM

How bout mt4??