per day? haha. drop me a hola when any of you guys hangout there and say u from lowyat.

MU vs Chelsea. nice weekend of the market

This post has been edited by FxPlayboy: May 8 2011, 11:06 PM

join the fun in mirc live trading then, so you wont be lonely

http://webchat.ircforex.org/

and type /j #eurusd

most of us there already.

This post has been edited by FxPlayboy: May 11 2011, 01:05 AM

Ystd it tricked many new traders with 2 bottom tweezer on the daily chart to buy end up lose gao gao. Aih...


#forex is overpopulate with crap talk and #eurusd is perfect for serious trading and ystd play-by-play from me guide some trader atleast 100 pips.


There's no definite way for your entry. You could still sell right at the top and aim it moves to neckline. If it breaks neckline, great and let your profits roll further down (pattern confirmed), if not, the neckline will hold (TP) and form bull flag.
You can hit up the irc channel and plenty traders will share their exp. There's traders good with EW, some S/R, MA, fibs, pattern, etc. Pretty much good enough to profit.

This post has been edited by FxPlayboy: May 12 2011, 12:14 PM

I would ignore such service. No way at all an investment can be promise. Even got black & white agreement they pay up for your return on losses with their own money, they still can run away when sh*ts happen. He is a broker not a trader with obviously reason - to make people broke. The forex market is liquid enough to profit millions & billions with a few clicks and they want few K service from you by approaching you and do sales/marketing hardwork?

You must take full responsibility on your money. Do your homework - your call and you decide. If you can't trade at all, look at my signature and get some live call trading or lesson, most get atleast 50-100pips/day profit if pay enough attention. Don't take my word for it, ask any other traders in the channel if it's real. Not here to win a popular contest or whatever, quite the contrary, can't stand new traders from being scam or cheat by crappy brokers and trading gurus.

Yes, it is possible to have negative account due to your position margin called stop out as it isn't filled with the right price due to slippage (happen when price move too drastically) therefore the broker end up paying on your part. Some broker won't require any lock in margin from your money and let it run base on your equity. It's also likely that either your position do not have a stop loss order or the stop loss order isn't trigger due to extreme volatility or simply over-leveraging.

Ask your friend:
1. Did he/she use a stop loss on that position? if yes, what is the SL price and what price does it trigger? Calculate it out in detail to you how you get these negative numbers.

2. How much leverage on that position? Any account that can be blown out in one trade position is no difference than gamble. Very very poor risk management.

Experience tells me they could be hiding the truth of their mismanagement and unlikely to admit their mistake since they are professional or blame the tsunami not themselves. It comes to the end your friend probably over leverage your position since you mention you made double the profit earlier that could mean double the risk when having loss.

Should you pay? I wouldn't, unless you sign their t&c agreement when u open an account state such situation.
Sick of situation like this? Trade your own self. Not hard to click a button to open and close a position. It's your own money and you take full responsibility on the profit/losses.



Mlm now so canggih spread until forex market also got. hahaha... i heard a company with similar business model with Euro/usd spread is 8 pips compare to average retail 1-2pips! lol i guess the one you mention also not much difference with the broker run in high spread or commission than average and rely on trading volume to come up with this win-win attractive 20% bonus income. Do find out what's their spread/commission.


Jebo, blame the retail brokers for creating indicators to confuse new traders and look more canggih on their chart. Candles has worked perfectly well for donkey years and all indi works based on price. Nice to see you drop by the channel to offer your analysis.



Sorry to hear for you loss. Was it based on your poor trading or got scammed?


You got to respect how these trader that couldn't trade sh*t come up another effective way to make profit!

This post has been edited by FxPlayboy: May 14 2011, 11:59 PM

Hope you can get over with it buddy. It happens to all new trader including me in my early days as well. Not admitting on your mistake or having a personal biased on the market direction will definitely cost you.

If you are new trader, start small lot size first to EARN YOUR RIGHT to trade bigger lots. Just like you pass money to an investor, he keep lose with inconsistent profit/lost, will you invest more money on it? Let your profit do the talking. If you profit in a day/week, then increase position size, if next day/week unprofitable, drop down back to your original size. New trader shouldn't be here to make a big fortune, rather try to trade to survive the learning period and show solid and consistent gains.

20k still an ok figure. I've seen trader who lost $50k usd account blown on eur/usd keep buying/holding their long with averaging down strategy as it drop like a falling knive last thurs until margin call. Same thing happen after Jpn earthquake. Many dare not tell their gf/wives about it but share their grief in forum/chatroom.

you're not alone.

bet many trader's shorts got underwater.


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Idiots cant trade shit, and couldnt afford few hundred service. I heard mcd is hiring. maybe they should start there first.

Respect to you for admitting your loss. Many trader sentiment changed to bearish biased in mind. The big boys will ruin the herds mentality. With that, I'll give you a tip. Try not to take counter trades on NY session. If you must, atleast see a counter trend candle on H1 closed/wait london session close, you'll cut 50% losses off from your bad trades. gluck.

Nothing much today, ranging PA ride up and down. it's the smaller TF S/R trader days. She must have tired alittle running wild 150-200 pips for the past few days and deserve some break.

wtf is all these forex signals service and brokers popping out from? can't trade sh!t and try to get money from clueless traders.

@Nshady, that description explain pretty clear like textbook. safe way there would mean a breakout and price retest the R now act as S and you buy from that R3 if it holds. If it doesn't it is a fake out like the yellow circle. aggressive would mean a straight breakout all the way up without any retest on the pivot line.

Please go through babypips.com/school


Do: Do learn how to trade and giving as much screen time and research you can. Start with demo then live with the smallest size then increase gradually as you show consistent profits.

Don't: Don't waste time trying tons of different indicators/systems. Just pick one method/system that suits you. For eg, with just candlestick alone, it's enough to make a killing. Add some line of S/R, you're on your way to the bank.

It's alot harder to trade long term high timeframe with small acc even with the smallest size of 0.01, the good entry/set up will need more time to come compare to smaller TF. Moreover u trade so many pairs with each pair's price action behave differently. EU is one of the smoothest to trade with low spread, perfect pair for new trader to start with. gbp/jpy runs abit wilder around 150-200 atr and hunting more stops. Not to mention, Usd/SEK and NOK even wilder running 1-2k pips per day. With higher ATR, the higher the TP/SL. There's a saying the pair you trade with almost the same as your acc balance movement. I believe most would prefer the stable and consistent way.

Yes, it's likely to fall and eventually went in your way by nx week/month, but you would have miss tons of chance riding up and down on intraday movement. Candlestick all works the same pattern/behaviour on all timeframe for it's pair, just the time & impact moves differently. If one can't handle m15-h1 TF, i dont think higher TF(h4 & above)/lower TF(m5 & below) will do any better. By trading lower TF, a trader learn quicker with more price action scenario along candlesticks pattern/experience than higher TF. You could sleep better at night w/o holding position thru the night/weekends. Ok, Maybe no more equake/tsunami 1-2k pips movement, but you wouldnt want to see a 100-200 pip gap against you when weekly open right? Just look at EU daily chart i can see alot over the years(look at 2010 aug-sept). Ask the head of trading floor manager on any international bank, only senior traders with many years exp can hold overnight/overweekend position. Any junior trader doing so will likely get sack for breaking the bank rules. The only exception to trade H4 & above is illiquid/exotic pairs or instruments for example the scandinavian pairs that hardly moves on intraday basis. All major pairs like the usd & jpy cross definitely liquid enough to trade intraday with atleast 1 or 2 trade/day.

This post is also towards any new/long term trader out there. Just suggestions by weighting the risk on high TF to avoid some of the major risk/exposure, afterall, your money, your call, who the f am i right?

This post has been edited by FxPlayboy: Jun 2 2011, 02:56 AM

This P.fork lines has been there since 26 may. Combine with candlestick pattern anyone will bank so hard on it.

This post has been edited by FxPlayboy: Jun 2 2011, 06:44 PM


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Hey sunshine, I mislead nobody and everyone is up to decide on everything they see/hear, never claim it's the holy grail tho. What i did mentioned is there's a tons of methods/system to be profitable and i'm just giving an example of me using candlestick pattern to bank tons of profits. Almost all indi require input from price, either the high/low/open/close, pretty useless to me now as i can read price directly from chart. Really, Horses for courses, what suits me best might not suits you.

I had my fair share of experiences in using indi system before. However, none of the indi systemssssss i come across can bank as much profit & pip as price action system to me. Moreover, to fully utilize an indi system, there's alot of complicated rules based scenario to make em more profitable/reduce losses. The last time i compare them all with 6-12months of forward test data, the best indi system only manage to profit 1/3-1/4 of my current price action system. Moreover, price action is alot more simplify and display more clarity to read the chart with better judgment to call a trade. I just follow where the big money is

You dont seem to do your enough research for your business before moving over here. Quite surprising if a big player do neglect that. Anyway, No tax here from forex income, rates will be according to the maybank.

This post has been edited by FxPlayboy: Jun 4 2011, 10:30 PM