not stress trading elliot wave ?

i've seen those trading FX, CPO unkers, those more than 5years of experience, all their hair turn grey due to the stress and lotsa thinking.

my white hair also coming out d, therefore i just want to stick with what i can see and KISS (keep it stupid and simple)

in the end, they tell you to go trend trading coz all the analysis and question marks(i always see questions marks on elliot wave charts coz they need to label the waves) will wear you down.

or you can use correllation and strength analysis ... .. buys strong currency (not pair) .. sell weak ones ..

The thing about this particular one is that it hit Fib levels at end of wave 1 and 3! At least for the Fib that I've drawn.

My trading style is simple as well, trade the trend using Fib retracement levels as entry levels. Especially on levels with past strong support or resistances coupled with my other indicators. I love Fibonacci, it has given me lots of pip love.

Thanks Kelvin_tan

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Added on December 8, 2010, 12:13 pm keep it simple, the most important thing is prepare trading plan upront before entering any trades and be honest with our trading plan

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Added on December 8, 2010, 12:24 pmI like Fibonacci retracement level 38.2% and 61.8%, most of the time price will rebounded from this level

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Added on December 8, 2010, 12:27 pmI find the correllation and strength analysis useful in trading chart pattern breakout and during price consolidation to decide whether to short or LONG

This post has been edited by imax80: Dec 8 2010, 12:27 PM

Hello,

Can anyone give me the link of v7. I want the 1st info on the 1st page of V7.

Thanks!!

There is a software where u can trade in iphone using ur computer screen in it, anyone knows that software?

http://forexonthego.com/index.php/home

Cool, does this comes with indicators as well?

Hey everyone, i was wondering how did u guys transfer the money back to malaysia? cos i knw we can transfer money to overseas using wire transfer and debit card.

but when i went to the bank to open up an acct the bank told me that i need to get an approval frm bank negara because we are transferingmoney out of malaysia and receiving money back here. this is due to not to let any money laundry hapen in msia.

Any of you can help me out on this funding matters.. i knw we can transfer using credit card and so on but what if i really make alot of money out of it and would like to buy something big like car and so on.. and will the government check on me on where the hell the money came from?

Really appreciate for the help here...

regarding GBP/JPY.
i used a fix stop-loss of 50 pips for this pair due to its high volatility, but i fear the direction of the price would go off course and eventually resulting in loss when it should be profitable. so i'm considering of using the dynamic stop-loss and let it move along with the price, but one problem is that, sometimes volatility is really high and a retracement might cause my trade to stop out earlier when i can be earning more after the retracement.

any prof here mind to give me some ideas and suggestions?

Google .... Mocha VNC.

may be you can use position sizing. i.e 200 pips risk with small no of currency units to buy.

Limited indicators.

I found out this webste, better than forexonthego. more indicators..

http://tradeinterceptor.com/forextradingtraining/

But for certain brokers only: FXCM, SWFX, FXSOL, MBT and RIFLEXO.

Oh ic.. but we can use it to do TA in the phone right?




Hey guys check this out, i found out in youtube, quite amusing, but u got to judge whether its true anot..

http://www.youtube.com/watch?v=vAYXYAp_gRY

this may help boosting the interest on this thread.
keep it alive

EU + EW is at their best

how do u analyze strength analysis? I'm looking furthur info on this.

Go to Google ... look for "1000 pips seminggu" forum ..
There's a currency strength meter ....

This post has been edited by luqmanz: Dec 10 2010, 01:09 PM

anyone used maybank debit card to fund your ibfx account before? they told me my name not on the card and can't be used when i sent a copy of my debit card to them