Version 8 starts here.................
For those who wants to learn forex trading please go here: www.babypips.com/school
This post has been edited by bulkbiz: Dec 3 2010, 11:19 AM
Forex | Version 8, Foreign Exchange Market Discussion
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 Dec 2 2010, 07:12 AM, updated 15y ago
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#1
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur   
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Dec 2 2010, 07:26 AM
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#2
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Senior Member
5,867 posts Joined: Feb 2006
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Please paste the link of v7 on the 1st post.
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Dec 2 2010, 07:42 AM
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#3
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Junior Member
92 posts Joined: Jun 2009
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Isn't it illegal to trade forex via unlicensed broker in Boleyland?, other than banks is there any other licensed broker in Boleyland?.
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Dec 2 2010, 08:04 AM
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#4
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Junior Member
11 posts Joined: Oct 2010 From: Malaysia/Singapore
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How to start trading?
Those websites are called "brokers" right? How to add/withdraw funds? I only got PayPal... If I am right can you guys recommend a trustworthy broker... |
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Dec 2 2010, 08:19 AM
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#5
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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I don't understand why those asking open new topic need to ask someone open it, why they don't open a new topic directly?
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Dec 2 2010, 09:47 AM
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#6
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Senior Member
732 posts Joined: May 2008
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Hello,
What you guys think of broker InstaForex? I am thinking of opening live account with them, or is there any better choices? hope to received good answers. |
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Dec 2 2010, 01:11 PM
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#7
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Senior Member
1,116 posts Joined: Aug 2006 From: SP,KL
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Hi,
anyone knows how to add new currency pair using meta trader 4? thx in advance i had search in google but cant find relevant answers they only teach how to add new charts wif available pairs |
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Dec 2 2010, 01:30 PM
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#8
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(ChinHong86 @ Dec 2 2010, 02:11 PM) Hi, Right click on one of the currency pair on MT4, then click "Show All".anyone knows how to add new currency pair using meta trader 4? thx in advance i had search in google but cant find relevant answers they only teach how to add new charts wif available pairs  |
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Dec 2 2010, 02:07 PM
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#9
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(bulkbiz @ Dec 2 2010, 07:12 AM) Version 8 starts here................. Haha its an honour u gt the first post..  Added on December 2, 2010, 2:09 pmrstusa.. So far there havent been any announcement by metatrader regarding its apps in iphone yet.. i too was catching the news, hope it will come out soon..  This is the only news i found.. http://www.metatraderglobal.com/1218/metat...google-android/ This post has been edited by Volatile369: Dec 2 2010, 02:17 PM |
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Dec 2 2010, 02:14 PM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(Volatile369 @ Dec 2 2010, 03:07 PM) Haha its an honour u gt the first post.. I found this broker got iphone platform for MT4, but it is not official iphone MT4 software, it was the own software from Go Markets broker which can link to MT4, i tried the demo on it. You can check it out here http://www.gomarketsaus.com/metatrader4/metatrader-4-mobile/Added on December 2, 2010, 2:09 pmrstusa.. So far there havent been any announcement by metatrader regarding its apps in iphone yet.. i too was catching the news, hope it will come out soon.. |
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Dec 2 2010, 04:04 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur 
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agent as in IB ?
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Dec 2 2010, 04:18 PM
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Senior Member
732 posts Joined: May 2008
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which one better open live account directly with Broker or through Agent?
I am really interested to trade in FOREX but confusing which agent to choose and afraid fall in forex scam. |
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Dec 2 2010, 04:24 PM
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Junior Member
148 posts Joined: Mar 2009 From: KL
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FXDD as broker, cashbackforex.com as IB to get your rebates.
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Dec 2 2010, 07:28 PM
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Senior Member
1,332 posts Joined: Nov 2005
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Hi,
Could anyone advice where i could get TA (eg candlestick) for the Euro currency (FREE)? And what trend it will be? This post has been edited by popcorn513: Dec 2 2010, 07:29 PM |
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Dec 2 2010, 08:53 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(jurne @ Dec 2 2010, 04:24 PM) FXDD as broker, cashbackforex.com as IB to get your rebates. Hows trading bro? |
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Dec 3 2010, 09:53 AM
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Junior Member
153 posts Joined: Sep 2010
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This is my trading record book since inception
https://www.myfxbook.com/portfolio/mpips/47453 and is using EA. Minimum return a month is at least 10% constantly. Still improving it from day to day. |
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Dec 3 2010, 10:33 AM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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Hi, do you guys know got any website like this http://www.myfxbook.com which can view the detailed statistics of our account?
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Dec 3 2010, 11:29 AM
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Junior Member
153 posts Joined: Sep 2010
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QUOTE(rstusa @ Dec 3 2010, 10:33 AM) Hi, do you guys know got any website like this http://www.myfxbook.com which can view the detailed statistics of our account? myfxbook is not good enough? |
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Dec 3 2010, 11:55 AM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(mpips @ Dec 3 2010, 12:29 PM) myfxbook is not good enough? Got any better than myfxbook? |
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Dec 3 2010, 12:26 PM
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Junior Member
208 posts Joined: Aug 2010
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Any student of Don advance classes trading forex here?
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Dec 3 2010, 05:28 PM
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Senior Member
592 posts Joined: Oct 2006 From: Anson
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QUOTE(anudora @ Dec 3 2010, 12:26 PM) Any student of Don advance classes trading forex here? what and where is dat ?? |
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Dec 3 2010, 07:05 PM
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Newbie
2 posts Joined: Oct 2010
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if my broker not in the list , so how can i analyse mine ? i need help .....
This post has been edited by easymax: Dec 3 2010, 07:05 PM |
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Dec 3 2010, 10:53 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(MewahGold @ Dec 3 2010, 09:39 PM) for those who are interested to trande forex, can come to my site http://instaforex.mewahgold.com . i am ib for instaforex why need to bank in money to IB local bank account? why cant we just register directly to instaforex, what is the priviligaes register with IB? |
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Dec 3 2010, 11:04 PM
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Junior Member
248 posts Joined: Jan 2007
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Scam??
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Dec 3 2010, 11:08 PM
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Senior Member
732 posts Joined: May 2008
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Dollar Sharply Lower after NFP Disappointment, Unemployment Rate Jumped to 9.8%
I trade demo buy EUR/USD using 1 pips = 8 USD, i profit more than USD 100 already. bad news, market sentiment USD bearish, bullish EUR that is how it work arr? This post has been edited by imax80: Dec 3 2010, 11:09 PM |
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Dec 4 2010, 12:06 AM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(imax80 @ Dec 3 2010, 11:08 PM) Dollar Sharply Lower after NFP Disappointment, Unemployment Rate Jumped to 9.8% Difficult to say ... its actually more than that ... heheI trade demo buy EUR/USD using 1 pips = 8 USD, i profit more than USD 100 already. bad news, market sentiment USD bearish, bullish EUR that is how it work arr? |
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Dec 4 2010, 12:41 AM
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3,141 posts Joined: Nov 2006
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@mewahgold
reported your post. This forum is for discussion not for you to post your links for sales / customer attraction purposes. Enough of your spamming. For those that are afraid of getting conned. FXDD is pretty secure. I personaly use Oanda and have made withdrawals without issues |
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Dec 4 2010, 01:21 AM
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Senior Member
732 posts Joined: May 2008
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QUOTE(kelvin_tan @ Dec 4 2010, 12:41 AM) @mewahgold thanks kelvin_tan, reported your post. This forum is for discussion not for you to post your links for sales / customer attraction purposes. Enough of your spamming. For those that are afraid of getting conned. FXDD is pretty secure. I personaly use Oanda and have made withdrawals without issues do you know which one is good trading through broker Market Maker or broker with direct to interbank ECN? i try sclaping Demo with InstaForex but always got requotes. what are pros and cons with requoting? |
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Dec 4 2010, 01:58 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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waiting for next movement next monday :-) |
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Dec 4 2010, 02:07 AM
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Junior Member
11 posts Joined: Nov 2010
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hmm... this thread looks more like a FAQ, i sort of looking for some thread like live chart posting and trading strategies. anyway i use Liteforex broker, fast bank in fast cash in
This post has been edited by hackerlexx: Dec 4 2010, 02:07 AM |
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Dec 4 2010, 10:31 AM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(hackerlexx @ Dec 4 2010, 02:07 AM) hmm... this thread looks more like a FAQ, i sort of looking for some thread like live chart posting and trading strategies. anyway i use Liteforex broker, fast bank in fast cash in well too many noobs in fx in malaysia.. if you want those kind of thread you can always check out ff.. thats my main source for those kind of info |
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Dec 6 2010, 10:57 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites 
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QUOTE(imax80 @ Dec 3 2010, 11:08 PM) Dollar Sharply Lower after NFP Disappointment, Unemployment Rate Jumped to 9.8% There are a lot of types of trader, but maybe all of them can make money, find what ways you're more comfortable with.I trade demo buy EUR/USD using 1 pips = 8 USD, i profit more than USD 100 already. bad news, market sentiment USD bearish, bullish EUR that is how it work arr? for me i'm a trend trader, i never trader NEWS  |
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Dec 6 2010, 11:55 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@imax80
I use oanda.. no requotes at all. FXDD also is not bad. |
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Dec 6 2010, 12:49 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(AllnGap @ Dec 6 2010, 10:57 AM) There are a lot of types of trader, but maybe all of them can make money, find what ways you're more comfortable with. Normally how long keep your position? how your risk and reward ratios?for me i'm a trend trader, i never trader NEWS I find it very similar in technical analysis in stock market, i more into SWING trader BUY at support SELL at resistance. At the moment i still try to familiar with FOREX market. i find it interesting because we could profit in two direction(LONG and SHORT) and long trading hours  .how you trending in FOREX, are you using moving average to ride the profit and what TF you normally use? Sharing is caring  |
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Dec 6 2010, 12:50 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(imax80 @ Dec 6 2010, 12:49 PM) Normally how long keep your position? how your risk and reward ratios? Take a look at this for an intra-day strategy ...cant paste link here ... check ur inbox. I find it very similar in technical analysis in stock market, i more into SWING trader BUY at support SELL at resistance. At the moment i still try to familiar with FOREX market. i find it interesting because we could profit in two direction(LONG and SHORT) and long trading hours .how you trending in FOREX, are you using moving average to ride the profit and what TF you normally use? Sharing is caring This post has been edited by luqmanz: Dec 6 2010, 12:52 PM |
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Dec 6 2010, 12:50 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(kelvin_tan @ Dec 6 2010, 11:55 AM) @imax80 Thanks very kind of you..may be i will use FXOpen I use oanda.. no requotes at all. FXDD also is not bad. Added on December 6, 2010, 1:14 pm QUOTE(luqmanz @ Dec 6 2010, 12:50 PM) Take a look at this for an intra-day strategy ...cant paste link here ... check ur inbox. luqmanz seems cant open your link, page not found.I really hope to read it. This post has been edited by imax80: Dec 6 2010, 01:14 PM |
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Dec 6 2010, 01:34 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(imax80 @ Dec 6 2010, 12:49 PM) Normally how long keep your position? how your risk and reward ratios? i keep the position as long as the trend tells me not exit I find it very similar in technical analysis in stock market, i more into SWING trader BUY at support SELL at resistance. At the moment i still try to familiar with FOREX market. i find it interesting because we could profit in two direction(LONG and SHORT) and long trading hours .how you trending in FOREX, are you using moving average to ride the profit and what TF you normally use? Sharing is caring  |
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Dec 6 2010, 01:41 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(AllnGap @ Dec 6 2010, 01:34 PM) i keep the position as long as the trend tells me not exit very good classic skill..Ride the trend using trailling stop to maximise profit, exit when the trend violated. I like it  Capital preservation is the KEY, Discipline to cut losses. |
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Dec 6 2010, 03:43 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(imax80 @ Dec 6 2010, 01:41 PM) very good classic skill..Ride the trend using trailling stop to maximise profit, exit when the trend violated. I like it got a lot of ways to do it, trailing stops is not easy to use, too small, then get whipped, too big then cant hit also...... Capital preservation is the KEY, Discipline to cut losses. nowadays GU, UJ and CHF is very hard to trade.....very volatile |
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Dec 6 2010, 04:59 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(imax80 @ Dec 6 2010, 12:49 PM) Normally how long keep your position? how your risk and reward ratios? If you are interested with trend following, please read more book written by curtis faith.I find it very similar in technical analysis in stock market, i more into SWING trader BUY at support SELL at resistance. At the moment i still try to familiar with FOREX market. i find it interesting because we could profit in two direction(LONG and SHORT) and long trading hours .how you trending in FOREX, are you using moving average to ride the profit and what TF you normally use? Sharing is caring |
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Dec 6 2010, 07:35 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(luqmanz @ Dec 6 2010, 12:50 PM) Take a look at this for an intra-day strategy ...cant paste link here ... check ur inbox. Thanks luqmanz, is that your thread?actually occasionally i silent reader there i used to be active in BJ learning TA from Goldfinger Added on December 6, 2010, 7:40 pm QUOTE(AllnGap @ Dec 6 2010, 03:43 PM) got a lot of ways to do it, trailing stops is not easy to use, too small, then get whipped, too big then cant hit also...... i am aware that pair combination which involved GBP and JPY move so volatile, how you absorbed the negative floating? do you use the art of position sizing nowadays GU, UJ and CHF is very hard to trade.....very volatile  Added on December 6, 2010, 7:43 pm QUOTE(bulkbiz @ Dec 6 2010, 04:59 PM) If you are interested with trend following, please read more book written by curtis faith. Thanks for the recommendation will looking for the book.So far only two books about trading i finised read Alexander Elder(Trade for a Living) and Super Trader (Van Tharp) This post has been edited by imax80: Dec 6 2010, 07:44 PM |
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Dec 6 2010, 07:55 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(imax80 @ Dec 6 2010, 07:35 PM) Thanks luqmanz, is that your thread?actually occasionally i silent reader there Thats not my thread ... but I do use the technique there ... i used to be active in BJ learning TA from Goldfinger Added on December 6, 2010, 7:40 pm i am aware that pair combination which involved GBP and JPY move so volatile, how you absorbed the negative floating? do you use the art of position sizing Added on December 6, 2010, 7:43 pm Thanks for the recommendation will looking for the book. So far only two books about trading i finised read Alexander Elder(Trade for a Living) and Super Trader (Van Tharp) |
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Dec 6 2010, 10:05 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@imax80
I would recommend against using FXOpen. They are not regulated and once they close, all your money is gone. Think twice. |
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Dec 6 2010, 10:24 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(kelvin_tan @ Dec 6 2010, 10:05 PM) @imax80 izzit..where actually we can get the list of regulated brokers? I would recommend against using FXOpen. They are not regulated and once they close, all your money is gone. Think twice. I prefer broker with low spread 2-3 pips, no requotes, good service i.e easy bank in, withdraw money and using MT4. Hope kelvin_tan could recommend one or two. |
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Dec 7 2010, 12:21 AM
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Junior Member
218 posts Joined: Jun 2006 From: 1001010100010011101
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QUOTE(kelvin_tan @ Dec 6 2010, 10:05 PM) @imax80 seconded. google about FXOpen scam. they recently scammed a guy.I would recommend against using FXOpen. They are not regulated and once they close, all your money is gone. Think twice. Anyway noob trader here. I'm finding one with MT4 support, prefering micro account. Suggestion? |
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Dec 7 2010, 02:16 AM
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Junior Member
208 posts Joined: Aug 2009
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QUOTE(imax80 @ Dec 6 2010, 10:24 PM) izzit..where actually we can get the list of regulated brokers? ehem.. I prefer broker with low spread 2-3 pips, no requotes, good service i.e easy bank in, withdraw money and using MT4. Hope kelvin_tan could recommend one or two. pm me if u know what i mean btw issit safe to trade on dec?? |
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Dec 7 2010, 09:32 AM
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All Stars
11,954 posts Joined: May 2007  
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No legit broker can guaranteed no requote.
Only scammed broker can guaranteed no requote. QUOTE(empirekhoo @ Dec 7 2010, 12:21 AM) seconded. google about FXOpen scam. they recently scammed a guy. Anyway noob trader here. I'm finding one with MT4 support, prefering micro account. Suggestion? |
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Dec 7 2010, 02:49 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Always choose regulated broker, especially if you are trading big lot. Do you dare to deposit 10k usd above to fxopen? You will have peace of mind if you deposit into regulated broker e.g. IBFX, Oanda, MIG bank or Dukascopy.
Just my 2pips *I notice there are a few IB in this forum. Hope moderator can take note. This post has been edited by bulkbiz: Dec 7 2010, 02:52 PM |
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Dec 7 2010, 03:06 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(mkaz @ Dec 7 2010, 02:16 AM) btw issit safe to trade on dec?? Every month is not safe to trade. I suggest follow your indicator whether der is entry or not, rather than speculating wat months are best to trade.As mark Twain says: 'October: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.' |
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Dec 7 2010, 05:34 PM
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Junior Member
491 posts Joined: Apr 2006 From: KL - KK
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QUOTE(bulkbiz @ Dec 7 2010, 02:49 PM) Always choose regulated broker, especially if you are trading big lot. Do you dare to deposit 10k usd above to fxopen? You will have peace of mind if you deposit into regulated broker e.g. IBFX, Oanda, MIG bank or Dukascopy. wish I was an IB Just my 2pips *I notice there are a few IB in this forum. Hope moderator can take note. ... but I hate dealing with people...Added on December 7, 2010, 5:36 pm QUOTE(MNet @ Dec 7 2010, 09:32 AM) No legit broker can guaranteed no requote. who said only scammer guarantee no requote? ECN acct trade with no requote... only limited by liquidity..Only scammed broker can guaranteed no requote. big boys account This post has been edited by Sham903n: Dec 7 2010, 05:36 PM |
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Dec 7 2010, 05:40 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(bulkbiz @ Dec 7 2010, 02:49 PM) Always choose regulated broker, especially if you are trading big lot. Do you dare to deposit 10k usd above to fxopen? You will have peace of mind if you deposit into regulated broker e.g. IBFX, Oanda, MIG bank or Dukascopy. I got a small acc using MIG, i dunno why the value is different than my other broker's data (Admiral Markets)Just my 2pips *I notice there are a few IB in this forum. Hope moderator can take note. i suspect they got push you to a higher spread when opening and closing position that time, lets say you close with a profit of 20pips, when it closes it becomes 18.90pips, it'll try to decrease your profit. maybe it's a steady and firm broker, but not a fair one  |
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Dec 7 2010, 10:38 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@MNet
you obviously never used oanda before. Give it a try. Low spreads, no requotes, regulated. only problem? their charting sucks. I use mt4 to chart |
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Dec 7 2010, 11:38 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(kelvin_tan @ Dec 7 2010, 10:38 PM) @MNet Oanda spread can be big at times ... that's why there's no requote ... they have more leeway to fill the orders. ... you obviously never used oanda before. Give it a try. Low spreads, no requotes, regulated. only problem? their charting sucks. I use mt4 to chart I notice that usually, broker that offer fixed spread will have to requote during limited liquidity ... this is to be expected... The red flag is when .. a broker offers fixed spread + no requote ... they could be a bucket shop that falsify their quotes to begin with... |
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Dec 7 2010, 11:49 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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real brokers don't use spread.. they based it on lots traded...
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Dec 8 2010, 01:17 AM
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Senior Member
1,227 posts Joined: Sep 2004
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how many are trading from a pda? anyone trading using android or window mobile 7 yet?
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Dec 8 2010, 01:20 AM
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Senior Member
1,227 posts Joined: Sep 2004
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Possible H&S in daily gold?
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Dec 8 2010, 07:50 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(MewahGold @ Dec 8 2010, 12:10 AM) i myself is a instaforex agent, i recommend your guy to instaforex for trading forex, my link is http://instaforex.mewahgold.com Hai yo ...... I wish you good luck in getting a big business here.they are given the bonus for each deposit, there is great. |
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Dec 8 2010, 09:22 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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From now onwards, every morning i'll post up H4 analysis of the EU GU and AU
see whether you guys see what i see or not Attached thumbnail(s) 
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Dec 8 2010, 10:04 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@imax80
for the last time, FXDD / OANDA ! these 2 are regulated. FXDD spreads for EU = 2pips Oanda spread for EU = 0.9 pips. @luqmans Its true that spreads can be big on oanda but this is only during news time and it only last 1 minute. Afer that its back to normal spreads. Most brokers do it. It only affects those that trade when the news is out. |
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Dec 8 2010, 10:41 AM
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Junior Member
268 posts Joined: Aug 2005
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QUOTE(AllnGap @ Dec 8 2010, 09:22 AM) From now onwards, every morning i'll post up H4 analysis of the EU GU and AU A very beautiful elliot wave is almost finished for the EU on the daily chart. Also visible on your H4 chart heh. EU has been treating me well!see whether you guys see what i see or not |
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Dec 8 2010, 11:30 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(kelvinftg @ Dec 8 2010, 10:41 AM) A very beautiful elliot wave is almost finished for the EU on the daily chart. Also visible on your H4 chart heh. EU has been treating me well! 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. |
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Dec 8 2010, 12:10 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(AllnGap @ Dec 8 2010, 11:30 AM) not stress trading elliot wave ? or you can use correllation and strength analysis ... 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. .. buys strong currency (not pair) .. sell weak ones .. |
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Dec 8 2010, 12:11 PM
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Junior Member
268 posts Joined: Aug 2005
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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. |
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Dec 8 2010, 12:11 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(kelvin_tan @ Dec 8 2010, 10:04 AM) @imax80 Thanks Kelvin_tanfor the last time, FXDD / OANDA ! these 2 are regulated. FXDD spreads for EU = 2pips Oanda spread for EU = 0.9 pips. @luqmans Its true that spreads can be big on oanda but this is only during news time and it only last 1 minute. Afer that its back to normal spreads. Most brokers do it. It only affects those that trade when the news is out. Added on December 8, 2010, 12:13 pm QUOTE(AllnGap @ Dec 8 2010, 09:22 AM) From now onwards, every morning i'll post up H4 analysis of the EU GU and AU see whether you guys see what i see or not keep it simple, the most important thing is prepare trading plan upront before entering any trades and be honest with our trading planAdded on December 8, 2010, 12:24 pm QUOTE(kelvinftg @ Dec 8 2010, 12:11 PM) 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. I like Fibonacci retracement level 38.2% and 61.8%, most of the time price will rebounded from this level 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. Added on December 8, 2010, 12:27 pm QUOTE(luqmanz @ Dec 8 2010, 12:10 PM) or you can use correllation and strength analysis ... I find the correllation and strength analysis useful in trading chart pattern breakout and during price consolidation to decide whether to short or LONG .. buys strong currency (not pair) .. sell weak ones ..This post has been edited by imax80: Dec 8 2010, 12:27 PM |
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Dec 8 2010, 01:03 PM
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Junior Member
151 posts Joined: Oct 2008
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Hello,
Can anyone give me the link of v7. I want the 1st info on the 1st page of V7. Thanks!! |
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Dec 8 2010, 07:44 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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There is a software where u can trade in iphone using ur computer screen in it, anyone knows that software?
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Dec 8 2010, 07:58 PM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(Volatile369 @ Dec 8 2010, 08:44 PM) 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 |
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Dec 8 2010, 09:05 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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Cool, does this comes with indicators as well?
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Dec 8 2010, 09:59 PM
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Junior Member
9 posts Joined: Dec 2009
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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... |
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Dec 8 2010, 10:45 PM
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Junior Member
26 posts Joined: Aug 2010
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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?  |
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Dec 8 2010, 11:11 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Volatile369 @ Dec 8 2010, 07:44 PM) There is a software where u can trade in iphone using ur computer screen in it, anyone knows that software? Google .... Mocha VNC. |
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Dec 9 2010, 12:12 AM
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Senior Member
732 posts Joined: May 2008
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QUOTE(ctleong @ Dec 8 2010, 10:45 PM) regarding GBP/JPY. may be you can use position sizing. i.e 200 pips risk with small no of currency units to buy.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? |
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Dec 9 2010, 10:46 AM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(Volatile369 @ Dec 8 2010, 10:05 PM) Cool, does this comes with indicators as well? Limited indicators. |
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Dec 9 2010, 11:43 AM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(rstusa @ Dec 9 2010, 10:46 AM) Limited indicators. I found out this webste, better than forexonthego. more indicators.. http://tradeinterceptor.com/forextradingtraining/ |
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Dec 9 2010, 11:58 AM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(Volatile369 @ Dec 9 2010, 12:43 PM) I found out this webste, better than forexonthego. more indicators.. But for certain brokers only: FXCM, SWFX, FXSOL, MBT and RIFLEXO.http://tradeinterceptor.com/forextradingtraining/ |
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Dec 9 2010, 12:02 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(rstusa @ Dec 9 2010, 11:58 AM) 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 |
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Dec 9 2010, 09:15 PM
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Junior Member
23 posts Joined: Jan 2010
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QUOTE(AllnGap @ Dec 8 2010, 09:22 AM) From now onwards, every morning i'll post up H4 analysis of the EU GU and AU this may help boosting the interest on this thread.see whether you guys see what i see or not keep it alive  QUOTE(kelvinftg @ Dec 8 2010, 10:41 AM) A very beautiful elliot wave is almost finished for the EU on the daily chart. Also visible on your H4 chart heh. EU has been treating me well! EU + EW is at their best |
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Dec 10 2010, 02:24 AM
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Senior Member
1,227 posts Joined: Sep 2004
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QUOTE(luqmanz @ Dec 8 2010, 12:10 PM) or you can use correllation and strength analysis ... how do u analyze strength analysis? I'm looking furthur info on this. .. buys strong currency (not pair) .. sell weak ones .. |
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Dec 10 2010, 01:09 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Quinn @ Dec 10 2010, 02:24 AM) 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 |
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Dec 10 2010, 09:43 PM
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Junior Member
10 posts Joined: Nov 2010
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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
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Dec 11 2010, 08:15 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(luqmanz @ Dec 10 2010, 01:09 PM) Go to Google ... look for "1000 pips seminggu" forum .. does it look something like this ?There's a currency strength meter .... i've checked the flyingspaghettimonster forum claiming it can do 1000pips per week, actually, it doesnt work that simple if you trade so many pairs if you wanna trade 5pairs cross pair with EU, why not just shot/EU with bigger lot size ? just trade on 1 cross pair will be enough, why bother to monitor 5pairs at 1 time ? even if this works, you know that each pair has got its own characteristics such as volatility and pip range, in the long run, i'm not sure whether it will be profitable. the thing with forex is it is constantly changing, the more complex it is, the easier it will fail This post has been edited by AllnGap: Dec 11 2010, 08:16 AM Attached thumbnail(s) 
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Dec 11 2010, 10:45 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@allngap
there is something called hedging which is why sometimes ppl do not put all their eggs in a single basket |
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Dec 12 2010, 12:44 AM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(AllnGap @ Dec 11 2010, 08:15 AM) does it look something like this ? You dont have to trade exactly like how they described it in the forum ... just take the currency meter .. understand it and use it to your liking ...i've checked the flyingspaghettimonster forum claiming it can do 1000pips per week, actually, it doesnt work that simple if you trade so many pairs if you wanna trade 5pairs cross pair with EU, why not just shot/EU with bigger lot size ? just trade on 1 cross pair will be enough, why bother to monitor 5pairs at 1 time ? even if this works, you know that each pair has got its own characteristics such as volatility and pip range, in the long run, i'm not sure whether it will be profitable. the thing with forex is it is constantly changing, the more complex it is, the easier it will fail After all ... every trader have their own style .. |
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Dec 12 2010, 12:49 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(julianljh @ Dec 10 2010, 09:43 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 i think they need a "credit card" kua....apart from that.. yr IC name and yr debit card name is the same ?? Added on December 12, 2010, 12:53 pm QUOTE(AllnGap @ Dec 11 2010, 08:15 AM) does it look something like this ? those ppl aka multicurrency traders like me ... there is a reason that sometimes multicurrency trading works.. i've checked the flyingspaghettimonster forum claiming it can do 1000pips per week, actually, it doesnt work that simple if you trade so many pairs if you wanna trade 5pairs cross pair with EU, why not just shot/EU with bigger lot size ? in some sense/sort of way it auto hedges and from there you can hedge yr main pair and make a tons of profit out of it QUOTE(kelvin_tan @ Dec 11 2010, 10:45 AM) @allngap i agree on this.. sometimes trading BIG ASS LOTS aren't not such a good idea.. there is something called hedging which is why sometimes ppl do not put all their eggs in a single basketcause like you said market to shitty or suddenly some crap new come out and all.. This post has been edited by JinXXX: Dec 12 2010, 12:53 PM |
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Dec 12 2010, 02:51 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(JinXXX @ Dec 12 2010, 12:49 PM) i think they need a "credit card" kua.... okay got it, as long as you're profitable from it can dapart from that.. yr IC name and yr debit card name is the same ?? Added on December 12, 2010, 12:53 pm those ppl aka multicurrency traders like me ... there is a reason that sometimes multicurrency trading works.. in some sense/sort of way it auto hedges and from there you can hedge yr main pair and make a tons of profit out of it i agree on this.. sometimes trading BIG ASS LOTS aren't not such a good idea.. cause like you said market to shitty or suddenly some crap new come out and all.. |
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Dec 13 2010, 06:44 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AllnGap @ Dec 11 2010, 08:15 AM) does it look something like this ? arrggggg....my eyeeeeeee.. wat kind of line issitttttttti've checked the flyingspaghettimonster forum claiming it can do 1000pips per week, actually, it doesnt work that simple if you trade so many pairs if you wanna trade 5pairs cross pair with EU, why not just shot/EU with bigger lot size ? just trade on 1 cross pair will be enough, why bother to monitor 5pairs at 1 time ? even if this works, you know that each pair has got its own characteristics such as volatility and pip range, in the long run, i'm not sure whether it will be profitable. the thing with forex is it is constantly changing, the more complex it is, the easier it will fail SWINGG AAAA SWINGGGGGGGGGG!!!!~~~ |
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Dec 14 2010, 07:17 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(low yat 82 @ Dec 13 2010, 06:44 PM) arrggggg....my eyeeeeeee.. wat kind of line issitttttttt Hows trading man?SWINGG AAAA SWINGGGGGGGGGG!!!!~~~ |
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Dec 14 2010, 09:50 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Volatile369 @ Dec 14 2010, 07:17 PM) Hows trading man? as usual. normal lo..lol.. rested 2 weeks due to huge losses. XD |
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Dec 14 2010, 11:18 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(luqmanz @ Dec 12 2010, 12:44 AM) You dont have to trade exactly like how they described it in the forum ... just take the currency meter .. understand it and use it to your liking ... hi luqmanz..does the currency meter free? how to get it? After all ... every trader have their own style .. |
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Dec 15 2010, 12:46 AM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(low yat 82 @ Dec 14 2010, 09:50 PM) as usual. normal lo..lol.. rested 2 weeks due to huge losses. XD Resting is good ... clear up our mind so we dont blow the account up LOL ...Added on December 15, 2010, 12:48 am QUOTE(imax80 @ Dec 14 2010, 11:18 PM) hi luqmanz..does the currency meter free? how to get it? It's in that forum ... Currency Meter. Google the phrase "1000pips seminggu".This post has been edited by luqmanz: Dec 15 2010, 12:48 AM |
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Dec 15 2010, 08:45 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Dec 15 2010, 12:46 AM) Resting is good ... clear up our mind so we dont blow the account up LOL ... lol...ya... there goes my november profit...zzzzzzAdded on December 15, 2010, 12:48 am It's in that forum ... Currency Meter. Google the phrase "1000pips seminggu". |
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Dec 15 2010, 10:34 AM
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Junior Member
158 posts Joined: Oct 2008
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can anyone tell me what is the BSB code when wire transfer from maybank to ibfx australia?
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Dec 15 2010, 10:40 AM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(low yat 82 @ Dec 15 2010, 08:45 AM) lol...ya... there goes my november profit...zzzzzz Owh, don worry bro, jiayou.. always hv another opportunity.. Rest rest & rejuvenate. This post has been edited by Volatile369: Dec 15 2010, 10:46 AM |
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Dec 15 2010, 02:16 PM
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Newbie
2 posts Joined: Dec 2010
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Hello everyone ,I am newbie to forex . Mind to ask that forex is now legal in Malaysia ?
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Dec 15 2010, 03:02 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(jeanhl @ Dec 15 2010, 10:34 AM) can anyone tell me what is the BSB code when wire transfer from maybank to ibfx australia? BSB? issit SWIFT code? lol...QUOTE(Volatile369 @ Dec 15 2010, 10:40 AM) Owh, don worry bro, jiayou.. always hv another opportunity.. tqq... u too.. hehe...Rest rest & rejuvenate. QUOTE(hjingyee @ Dec 15 2010, 02:16 PM) Hello everyone ,I am newbie to forex . Mind to ask that forex is now legal in Malaysia ? wat question issit? lol... its legal |
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Dec 15 2010, 03:10 PM
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Newbie
2 posts Joined: Dec 2010
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QUOTE(low yat 82 @ Dec 15 2010, 04:02 PM) wat question issit? lol... its legal but on jan2010 BNM stated that it is illegal ?This post has been edited by hjingyee: Dec 15 2010, 03:13 PM |
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Dec 15 2010, 03:14 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(hjingyee @ Dec 15 2010, 03:10 PM) wat question issit? lol... its legal ya meh.lolol.but on jan2010 BNM stated that it is illegal ? never heard of it. n alot malaysian do trade in forex. This post has been edited by low yat 82: Dec 15 2010, 03:15 PM |
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Dec 15 2010, 04:20 PM
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Junior Member
158 posts Joined: Oct 2008
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QUOTE(hjingyee @ Dec 15 2010, 02:16 PM) Hello everyone ,I am newbie to forex . Mind to ask that forex is now legal in Malaysia ? be it legal or illegal, many people still trade forex in malaysiaQUOTE(low yat 82 @ Dec 15 2010, 03:02 PM) BSB? issit SWIFT code? lol... it's not swift code. ibfx give me swift code but maybank want BSB code. any idea?  |
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Dec 15 2010, 04:21 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Most pairs are in consolidate these days
This post has been edited by bulkbiz: Dec 15 2010, 04:22 PM |
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Dec 15 2010, 05:41 PM
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Junior Member
158 posts Joined: Oct 2008
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QUOTE(KeiKurono @ Dec 15 2010, 05:27 PM) i just sign up for a new demo account in forex n got gbp50000 i dont think you can trade myr, hmm..why u wanna trade myr when u can trade other major currencies.i buy and sell all the f*cking currency ( coz its not my money ) n nothing happen to my money. n then i got angry so i f*cking buy all the currency n f*cking sell all the currency again n then nothing sh*t happen when the pip goes on with green colour ( + sign ) so i f*cking close it down. ( close position ) so i thought i make a profit. somef*ckingbody teach me how to do this sh*t. mad.gif btw i learn forex in this video tutorial https://practice.forex.com/uk/Learn is there any currency that involve myr ( malaysian ringgit ) you can learn forex from babypips.com, good for newbies |
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Dec 15 2010, 06:12 PM
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Junior Member
174 posts Joined: Aug 2008
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tried MIG demo account, very confusing at first as I never trade 5 digits before, asking price is read 20 pips away from current price instead of just usually 2 pips. But overall, so far I'm very satisfy with them, and as a scalper, I like these 5 digits trading as there is much more movement and volatility in price. Too bad, MIG only offered minimum account of USD2000 which is quite a lot for me as newbies...
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Dec 15 2010, 06:24 PM
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Senior Member
4,081 posts Joined: Aug 2005
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SWINGGG AA SWINGGGGG WOOOOOO!!!
it onli requires 3 days n jus need 15% more to achieve my 100% return.. hope God giv me d strength to control my emotion n NOT do things i've done for november....zzzzzzz edited: resting for around 2weeks really do me good. haha~~~!@@@!!! This post has been edited by low yat 82: Dec 15 2010, 06:25 PM |
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Dec 15 2010, 06:31 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(sahathai @ Dec 15 2010, 06:12 PM) tried MIG demo account, very confusing at first as I never trade 5 digits before, asking price is read 20 pips away from current price instead of just usually 2 pips. But overall, so far I'm very satisfy with them, and as a scalper, I like these 5 digits trading as there is much more movement and volatility in price. Too bad, MIG only offered minimum account of USD2000 which is quite a lot for me as newbies... same also lo wit fxcm...y not deposit usd2k, n after open TT bc malaysia XD |
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Dec 15 2010, 10:54 PM
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Junior Member
174 posts Joined: Aug 2008
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QUOTE(KeiKurono) wtf is mig ? give me some link It's a forex broker.. visit their website for more details... www.migfx.chQUOTE(low yat 82) same also lo wit fxcm... Does FXCM offers metatrader platform?y not deposit usd2k, n after open TT bc malaysia XD |
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Dec 15 2010, 11:25 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(sahathai @ Dec 15 2010, 10:54 PM) Does FXCM offers metatrader platform? @.@ go visit their website loooo...... got la.. |
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Dec 16 2010, 06:54 AM
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Junior Member
491 posts Joined: Apr 2006 From: KL - KK
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QUOTE "A mistake; If you dont follow your written trading rules. If you dont have a written trading rules, everything you do is a mistake" by Dr Van Tharp. http://www.youtube.com/watch?v=HGtpQfZ7sfc&NR=1 |
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Dec 16 2010, 10:52 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Sham903n @ Dec 16 2010, 06:54 AM) haha...tradin plan is a must have for every traders.IMHO, makin it into a checklist is much easier though..lol |
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Dec 16 2010, 12:14 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(low yat 82 @ Dec 16 2010, 10:52 AM) haha...tradin plan is a must have for every traders. ah yo don't so difficult la.. IMHO, makin it into a checklist is much easier though..lol its all abt discipline |
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Dec 16 2010, 12:31 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(JinXXX @ Dec 16 2010, 12:14 PM) ah yo don't so difficult la.. lol. its up to u. its all abt discipline they said, plan ur trade,then trade ur plan. Added on December 16, 2010, 1:19 pmwakau,..... today so many news... how to trade....zzzz This post has been edited by low yat 82: Dec 16 2010, 01:19 PM |
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Dec 16 2010, 01:31 PM
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Junior Member
174 posts Joined: Aug 2008
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QUOTE(KeiKurono @ Dec 16 2010, 12:30 AM) ok i start using migfx. install their software then start using demo account. visit babypips.com .. you can learn a lot form there..i f*cking buy n sell all the currency list.coz its not my money so i'll take a risk. then c if the value goes up , means the number is green in colour , so i close it down , means i buy n sell when the value is positive. then i got a lot of pips. from the beginning value of $5000 it inceased to $6273.28 means i make a profit of $1273.28. n for now a lot of negative value appear in my trade column list. so i just let it be until it increased.only when it increase the i close it down. n i got so confuse about margin n equity that keeps changing from time to time. wtf is this sh*t ? close it down : mean ( sell or buy the curreny ) base on what u buy/sell the currency 1st ( i dont how to explain this sh*it ) this is my account demo history profit/loss : 1273.28 credit : 0.00 deposit : 5000.00 withdrawal : 0.00 profit : 6273.28 wtf is credit n withdrawal ? is my step correct ? if youre using metatrader platform, u can download tutorial e-book (in PDF) here--- Metatrader tutorial |
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Dec 16 2010, 05:46 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(KeiKurono @ Dec 16 2010, 12:30 AM) ok i start using migfx. install their software then start using demo account. i f*cking buy n sell all the currency list.coz its not my money so i'll take a risk. then c if the value goes up , means the number is green in colour , so i close it down , means i buy n sell when the value is positive. then i got a lot of pips. from the beginning value of $5000 it inceased to $6273.28 means i make a profit of $1273.28. n for now a lot of negative value appear in my trade column list. so i just let it be until it increased.only when it increase the i close it down. n i got so confuse about margin n equity that keeps changing from time to time. wtf is this sh*t ? close it down : mean ( sell or buy the curreny ) base on what u buy/sell the currency 1st ( i dont how to explain this sh*it ) this is my account demo history profit/loss : 1273.28 credit : 0.00 deposit : 5000.00 withdrawal : 0.00 profit : 6273.28 wtf is credit n withdrawal ? is my step correct ? it require patient and preserverance to learn and right mindset and attitude. approch the currency market with respect |
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Dec 16 2010, 10:01 PM
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Senior Member
4,081 posts Joined: Aug 2005
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100% return achieved. kthxbye~~ time transfered bc $$ to malaysia..
SWINGGGGG AAAA SWINGGGGG!!!~~~!!@@!! |
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Dec 17 2010, 08:33 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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This thread is getting more and more joker .... will be back once I saw a better comment.
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Dec 17 2010, 08:36 AM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(imax80 @ Dec 3 2010, 11:53 PM) why need to bank in money to IB local bank account? why cant we just register directly to instaforex, what is the priviligaes register with IB? You can perhaps register via instaforex that will link your account via paypal,liberty reverse and many more options which may link to your bank account.For more interesting part,you can withdraw your fund straight to your bank via www.instaforex.my |
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Dec 17 2010, 12:22 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(bulkbiz @ Dec 17 2010, 08:33 AM) This thread is getting more and more joker .... will be back once I saw a better comment.  
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Dec 17 2010, 02:36 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(low yat 82 @ Dec 17 2010, 12:22 PM)
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Dec 17 2010, 02:39 PM
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Senior Member
4,081 posts Joined: Aug 2005
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lol... GJ like kaput liao... no power...zzzzzzz
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Dec 17 2010, 05:47 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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Haha no nd to jealous bro, eveyone have their style of trading.. =)
Anyway lowyat 82, congratz in ur monthly achievments, bt due for newbies questions and doubts whether this is possible before they risk their account, it is my duty to inform them of its viability.. (1.) I suppose to achieve that amount, ur risk per trade must be 10% and above? i assume.. (2.) You will need to be whole day figuring out the trades trend, i suppose? Anyway am i right? pls correct me.. XD So newbies plz be aware that lowyat 82 strategy is possible but with very stress condition, if any body is to adopt such method, consider its drawbacks as well.. Edit: Oh one more to add, they must be experienced only to consider to risk more than 2% of their capital. Congratz anyway.. happy trading.. =) This post has been edited by Volatile369: Dec 17 2010, 05:53 PM |
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Dec 17 2010, 07:30 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(low yat 82 @ Dec 17 2010, 12:22 PM)
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Dec 17 2010, 08:07 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Volatile369 @ Dec 17 2010, 05:47 PM) Haha no nd to jealous bro, eveyone have their style of trading.. =) 1. my risk definition is different from others. my risk definition : longer open position = higher riskAnyway lowyat 82, congratz in ur monthly achievments, bt due for newbies questions and doubts whether this is possible before they risk their account, it is my duty to inform them of its viability.. (1.) I suppose to achieve that amount, ur risk per trade must be 10% and above? i assume.. (2.) You will need to be whole day figuring out the trades trend, i suppose? Anyway am i right? pls correct me.. XD So newbies plz be aware that lowyat 82 strategy is possible but with very stress condition, if any body is to adopt such method, consider its drawbacks as well.. Edit: Oh one more to add, they must be experienced only to consider to risk more than 2% of their capital. Congratz anyway.. happy trading.. =) my stop lose depends on d chart pattern itself. in ur terms of risk, ya. its definitely higher than dat. 2. not really.i trade for trend reversal aka swing trade. jus need wait for d right timin to enter. my strategy is stressful, but not for long coz my risk is how long is d open position. jus now i jus cut loss for GJ coz after open for 6hours, it didnt move d way i wanted. so lost 30 pips XD kuang kuang kuang~~ QUOTE(JinXXX @ Dec 17 2010, 07:30 PM) why blackout the credit amount ? you transfer just 100 USD back ? lol i transfer usd 1 bc XD |
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Dec 18 2010, 06:58 AM
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Junior Member
42 posts Joined: Nov 2009
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Well,if you guys need any help can come and ask me anything .
This post has been edited by SpL-[V]iCioUS: Dec 18 2010, 07:30 AM |
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Dec 18 2010, 09:45 AM
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Junior Member
428 posts Joined: Mar 2010
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sorry noob question. Can i invest in forex just by buying and selling money at the money changer?
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Dec 18 2010, 10:05 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Cotton Diesel @ Dec 18 2010, 09:45 AM) sorry noob question. Can i invest in forex just by buying and selling money at the money changer? its d same thing.. d main diffferent if u use broker, is u hav d advantage of leveraging. |
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Dec 18 2010, 10:49 AM
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Junior Member
428 posts Joined: Mar 2010
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What currency is worth buying now? how to look at whats worth buying? i just know that we need to sell it at the peak point of it rise right?
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Dec 18 2010, 11:50 AM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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Sell EUR & GBP for now.
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Dec 18 2010, 01:07 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Cotton Diesel @ Dec 18 2010, 09:45 AM) sorry noob question. Can i invest in forex just by buying and selling money at the money changer? Not recommended .. because the spread that they charge at the money changer is huge |
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Dec 18 2010, 08:16 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(SpL-ViCioUS @ Dec 18 2010, 06:58 AM) Well,if you guys need any help can come and ask me anything . Can share your signal here? I have been losing hell lot of money including my house and car. |
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Dec 19 2010, 01:41 AM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(rstusa @ Dec 18 2010, 11:50 AM) Sell EUR & GBP for now. eur cause of the loan problem.. so it might go low...gbp apa sal ? closely related to eur ? if eur down gdp also follow ? |
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Dec 19 2010, 07:03 AM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(bulkbiz @ Dec 18 2010, 09:16 PM) Can share your signal here? I have been losing hell lot of money including my house and car. You can visit our Instaforex site for Forex analysis review: InstaforexThanks. This post has been edited by SpL-[V]iCioUS: Dec 19 2010, 07:03 AM |
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Dec 19 2010, 11:21 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(SpL-ViCioUS @ Dec 19 2010, 07:03 AM) You are from Instaforex? |
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Dec 19 2010, 05:55 PM
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Senior Member
572 posts Joined: Jan 2003 From: Puchong
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have anyone heard of Edgar Int'l Ltd based in NZ? i'm sharing a trading a/c with my Spore fren, it's been 6 mths now & on paper* we've made a handsome profits...
 *=haven't made any withdrawals yet |
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Dec 19 2010, 06:17 PM
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Junior Member
491 posts Joined: Apr 2006 From: KL - KK
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*Trading Plan*
Ever wonder whats trading plan consist?? heres a link that can give ya an idea.. http://www.informedtrades.com/350057-tradi...n-template.html This post has been edited by Sham903n: Dec 20 2010, 01:30 AM |
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Dec 20 2010, 06:48 AM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(bulkbiz @ Dec 19 2010, 12:21 PM) You are from Instaforex? Just their supporter if you have any question please forward it to me as well. |
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Dec 20 2010, 08:19 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(bulkbiz @ Dec 18 2010, 08:16 PM) Can share your signal here? I have been losing hell lot of money including my house and car. IMHO, a long break will do u great. QUOTE(Sham903n @ Dec 19 2010, 06:17 PM) *Trading Plan* lolol.i guess all trader use d same template. me also use this 1 XDEver wonder whats trading plan consist?? heres a link that can give ya an idea.. http://www.informedtrades.com/350057-tradi...n-template.html |
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Dec 21 2010, 01:22 AM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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Guys, i think there is a serious reading that i like to share with u all regarding what we are doing right nw, it might change our course of thinking on forex int he near future..
There is a news reporting that IMF might implement a world currecy IF the US Dollar devalued to its deepest extent. http://theeconomiccollapseblog.com/archive...-world-to-adopt I dunno about it, do you think its worth to consider is possibility? If so or not, lets discuss it.. |
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Dec 21 2010, 06:00 AM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(Volatile369 @ Dec 21 2010, 02:22 AM) Guys, i think there is a serious reading that i like to share with u all regarding what we are doing right nw, it might change our course of thinking on forex int he near future.. Well,that is regarding to news.In Forex,there are two method to trade.There is a news reporting that IMF might implement a world currecy IF the US Dollar devalued to its deepest extent. http://theeconomiccollapseblog.com/archive...-world-to-adopt I dunno about it, do you think its worth to consider is possibility? If so or not, lets discuss it.. One is analytic and fundamental analysis. |
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Dec 21 2010, 10:15 AM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Volatile369 @ Dec 21 2010, 01:22 AM) Guys, i think there is a serious reading that i like to share with u all regarding what we are doing right nw, it might change our course of thinking on forex int he near future.. If this Bancor is implemented ... I presume, currency trading pairs will become GBP/Bancor .. JPY/Bancor .. etc. There is a news reporting that IMF might implement a world currecy IF the US Dollar devalued to its deepest extent. http://theeconomiccollapseblog.com/archive...-world-to-adopt I dunno about it, do you think its worth to consider is possibility? If so or not, lets discuss it.. Technical trading will still be the same ... but fundamental data interpretation will need to be revised. To me, the problem with Bancor is, it's still an instrument without intrinsic value. Just like our currencies nowadays. It's still not as good as gold. For the whole world to use only 1 currency ... that is impossible. To quote : The truth is that a global currency (whether it be called the "Bancor" or given a different name entirely) would be a major blow to national sovereignty and would represent a major move towards global government. It's a violation of national sovereignty. This post has been edited by luqmanz: Dec 21 2010, 10:18 AM |
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Dec 21 2010, 12:39 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(low yat 82 @ Dec 20 2010, 08:19 AM) IMHO, a long break will do u great. XD I am just joking ....I am doing great in 2010, just want to see what is their next move when I said I am broke.Added on December 21, 2010, 12:40 pm QUOTE(Volatile369 @ Dec 17 2010, 05:47 PM) Haha no nd to jealous bro, eveyone have their style of trading.. =) yes, I am very "jealous". ><Congratz anyway.. happy trading.. =) This post has been edited by bulkbiz: Dec 21 2010, 12:40 PM |
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Dec 21 2010, 12:41 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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SortH for AudNzd ??
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Dec 21 2010, 01:04 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(luqmanz @ Dec 21 2010, 10:15 AM) If this Bancor is implemented ... I presume, currency trading pairs will become GBP/Bancor .. JPY/Bancor .. etc. Oh, so in ur opinion, if worst comes to worst, we still can trade currencies in the future eh?Technical trading will still be the same ... but fundamental data interpretation will need to be revised. To me, the problem with Bancor is, it's still an instrument without intrinsic value. Just like our currencies nowadays. It's still not as good as gold. For the whole world to use only 1 currency ... that is impossible. To quote : The truth is that a global currency (whether it be called the "Bancor" or given a different name entirely) would be a major blow to national sovereignty and would represent a major move towards global government. It's a violation of national sovereignty. |
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Dec 21 2010, 03:10 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Volatile369 @ Dec 21 2010, 01:04 PM) Oh, so in ur opinion, if worst comes to worst, we still can trade currencies in the future eh? Yes ... currency market exists out of necessity .. too many people are relying on it. |
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Dec 21 2010, 06:24 PM
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Junior Member
7 posts Joined: Jul 2008 From: KL
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The bancor sounds like a conspiracy theory which similar to the one world order a.k.a one world government. Rumours said that it was all planned by rothschild group.
Added on December 21, 2010, 6:35 pmanyway, anyone at here trading in grey chart with japanese candles? Added on December 21, 2010, 6:42 pm QUOTE(Cotton Diesel @ Dec 18 2010, 10:49 AM) What currency is worth buying now? how to look at whats worth buying? i just know that we need to sell it at the peak point of it rise right? Every pair of currency has its tendency and it's similar to other pairs of currency.My favourite pair is GBP/JPY which certainly becos of it's highest volatility. When you r using the right setup and strategy, you will be profit no matter what pair u r trading. This post has been edited by archneo: Dec 21 2010, 06:42 PM |
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Dec 21 2010, 06:50 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(archneo @ Dec 21 2010, 06:24 PM) The bancor sounds like a conspiracy theory which similar to the one world order a.k.a one world government. Rumours said that it was all planned by rothschild group. i couldnt hardly noe any sign of candlesticks till now except for doji sign XDAdded on December 21, 2010, 6:35 pmanyway, anyone at here trading in grey chart with japanese candles? Added on December 21, 2010, 6:42 pm Every pair of currency has its tendency and it's similar to other pairs of currency. My favourite pair is GBP/JPY which certainly becos of it's highest volatility. When you r using the right setup and strategy, you will be profit no matter what pair u r trading. Added on December 21, 2010, 6:55 pm QUOTE(bulkbiz @ Dec 21 2010, 12:39 PM) XD I am just joking ....I am doing great in 2010, just want to see what is their next move when I said I am broke. lolol!!!! good joke!!!!! hahahahah!~~~!!!Added on December 21, 2010, 12:40 pm yes, I am very "jealous". >< This post has been edited by low yat 82: Dec 21 2010, 06:55 PM |
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Dec 21 2010, 07:05 PM
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Junior Member
7 posts Joined: Jul 2008 From: KL
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QUOTE(low yat 82 @ Dec 21 2010, 06:50 PM) i couldnt hardly noe any sign of candlesticks till now except for doji sign XD haha...IMO, candlesticks is best way to observe the price movement and easier o understand the trend.Added on December 21, 2010, 6:55 pm lolol!!!! good joke!!!!! hahahahah!~~~!!! usually my trading charts looks like this 
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Dec 21 2010, 07:27 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(archneo @ Dec 21 2010, 07:05 PM) haha...IMO, candlesticks is best way to observe the price movement and easier o understand the trend. ooo...good for u then.. everytime i see those candle, feels wanna faint XDusually my trading charts looks like this
therefore, i use bar chart ...lol... me so kelian... |
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Dec 22 2010, 01:39 AM
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Junior Member
36 posts Joined: Jul 2009
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Hallo..can anyone tell me which 1 compatible with bb9780..for instaforex
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Dec 22 2010, 07:57 AM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(ax6623 @ Dec 22 2010, 02:39 AM) Hallo..can anyone tell me which 1 compatible with bb9780..for instaforex MT4 Mobile Platform trading is compatible with Black Berry 9780 for instaforex. |
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Dec 22 2010, 08:59 AM
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Junior Member
36 posts Joined: Jul 2009
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QUOTE(SpL-ViCioUS @ Dec 22 2010, 07:57 AM) MT4 Mobile Platform trading is compatible with Black Berry 9780 for instaforex. Thanx |
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Dec 22 2010, 11:41 PM
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Senior Member
2,823 posts Joined: Jun 2006 From: West Malaysia
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Guys, last time in one of the earlier thread there was a discussion on which sites has the most updated forex relevant news to be used as fundamental analysis... can anyone share theirs here again?
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Dec 23 2010, 01:54 AM
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Junior Member
36 posts Joined: Apr 2007 From: Cheras Kuala Lumpur
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since it is mobile,there was no delay using bb?
or it will be same trade using pc/laptop? |
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Dec 23 2010, 02:06 AM
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Junior Member
491 posts Joined: Apr 2006 From: KL - KK
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QUOTE(J-Slade @ Dec 22 2010, 11:41 PM) Guys, last time in one of the earlier thread there was a discussion on which sites has the most updated forex relevant news to be used as fundamental analysis... can anyone share theirs here again? www.forexfactory.comgo to calender |
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Dec 23 2010, 07:36 AM
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Senior Member
2,185 posts Joined: Oct 2005
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Oi people ... seems like today is the last day for me to trade ... hehe ... long holiday is coming ...
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Dec 23 2010, 08:44 AM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(luqmanz @ Dec 23 2010, 08:36 AM) Oi people ... seems like today is the last day for me to trade ... hehe ... long holiday is coming ... You can still trade by using PDA. |
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Dec 23 2010, 12:18 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(luqmanz @ Dec 23 2010, 07:36 AM) Oi people ... seems like today is the last day for me to trade ... hehe ... long holiday is coming ... Haha, so when will be back? |
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Dec 23 2010, 04:25 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Dec 23 2010, 07:36 AM) Oi people ... seems like today is the last day for me to trade ... hehe ... long holiday is coming ... good la hav a break. n come bc wit a refreshed mind n soul |
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Dec 23 2010, 04:44 PM
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Junior Member
113 posts Joined: Jul 2006
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Hi, I'm am a newbie with zero knowledge about investing. I haven't read everypage in this sticky and babypips.com which I would do later. I would like to ask how should I start in forex? If I'm not mistaken you all mentioned that I have to find a broker right such as fxdd? How can I pay these broker or withdraw money from them?
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Dec 23 2010, 05:23 PM
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Junior Member
17 posts Joined: Feb 2009
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anyone here trade using renko bar?
im trade using renko about 6 month, wish to share about renko chart here... |
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Dec 23 2010, 07:18 PM
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Junior Member
7 posts Joined: Jul 2008 From: KL
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QUOTE(low yat 82 @ Dec 21 2010, 07:27 PM) ooo...good for u then.. everytime i see those candle, feels wanna faint XD Actually it's very easy to understand the candlesticks if follow our method or system. In our community , there is a coach system to ensure u can achieve at least 20 consecutives wins. Because all the secrets are within MA , trendline, support n resistance.therefore, i use bar chart ...lol... me so kelian... |
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Dec 24 2010, 02:44 AM
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Junior Member
491 posts Joined: Apr 2006 From: KL - KK
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QUOTE(luqmanz @ Dec 23 2010, 07:36 AM) Oi people ... seems like today is the last day for me to trade ... hehe ... long holiday is coming ... same... close a handsome trade yesterday 2011 here i come!! |
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Dec 24 2010, 06:32 AM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(Whatever111 @ Dec 23 2010, 05:44 PM) Hi, I'm am a newbie with zero knowledge about investing. I haven't read everypage in this sticky and babypips.com which I would do later. I would like to ask how should I start in forex? If I'm not mistaken you all mentioned that I have to find a broker right such as fxdd? How can I pay these broker or withdraw money from them? You can deposit them via LR or i can suggest if your from Malaysia.You could use local bank to do internet banking. Deposit rate is 3.8 and withdraw rate is 3.6. You can withdraw via local bank as well. That's instaforex rules. |
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Dec 24 2010, 08:39 AM
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Senior Member
2,096 posts Joined: Oct 2007
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QUOTE(Whatever111 @ Dec 23 2010, 04:44 PM) Hi, I'm am a newbie with zero knowledge about investing. I haven't read everypage in this sticky and babypips.com which I would do later. I would like to ask how should I start in forex? If I'm not mistaken you all mentioned that I have to find a broker right such as fxdd? How can I pay these broker or withdraw money from them? If you have zero knowledge, it's better to trade a demo account until you develop your own strategies. If you plan to use FXDD, they accept payment and withrawal either by paypal or TT transfer. Current Paypal rate is between 3.04-3.15. To withdraw, just fill up a form, sign it and email back to them. Withdrawal takes 3 business days to reach local bank account. To fund your account using paypal, you need a credit card. |
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Dec 24 2010, 11:55 AM
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Junior Member
113 posts Joined: Jul 2006
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QUOTE(cmk96 @ Dec 24 2010, 08:39 AM) If you have zero knowledge, it's better to trade a demo account until you develop your own strategies. If you plan to use FXDD, they accept payment and withrawal either by paypal or TT transfer. Current Paypal rate is between 3.04-3.15. To withdraw, just fill up a form, sign it and email back to them. Withdrawal takes 3 business days to reach local bank account. To fund your account using paypal, you need a credit card. Ya I've crate a demo account and been messing with them since yesterday. However I would like to have more information about creating live account to prepare for the future. It seems fxddMinimum deposit is $1000 right? Actually I'm looking forward to start with a micro account with $100 capital. Any reliable broker econmendation? How about ounda? |
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Dec 24 2010, 12:09 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(Whatever111 @ Dec 24 2010, 11:55 AM) Ya I've crate a demo account and been messing with them since yesterday. However I would like to have more information about creating live account to prepare for the future. It seems fxdd May be ibfx australia could be shortlisted, regulated and deposit quiet low USD250.. IMHO no matter what type account you use standard,mini or micro it all the same..it is a matter of risk management..even with micro lot one could buy up to 100 lot X 1000 unit per lot = 100,000 units.Minimum deposit is $1000 right? Actually I'm looking forward to start with a micro account with $100 capital. Any reliable broker econmendation? How about ounda? |
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Dec 24 2010, 01:42 PM
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Senior Member
2,096 posts Joined: Oct 2007
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QUOTE(Whatever111 @ Dec 24 2010, 11:55 AM) Ya I've crate a demo account and been messing with them since yesterday. However I would like to have more information about creating live account to prepare for the future. It seems fxdd Last time i opened a mini account. Sent them an email, requesting for micro account. Done! That was then...3 years ago. Micro account still need min USD 250 nowadays. Try ask the online helper. You get answered instantly. Do it quick...before they go holiday! Minimum deposit is $1000 right? Actually I'm looking forward to start with a micro account with $100 capital. Any reliable broker econmendation? How about ounda? |
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Dec 24 2010, 03:48 PM
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Junior Member
113 posts Joined: Jul 2006
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QUOTE(cmk96 @ Dec 24 2010, 01:42 PM) Last time i opened a mini account. Sent them an email, requesting for micro account. Done! That was then...3 years ago. Micro account still need min USD 250 nowadays. Try ask the online helper. You get answered instantly. Do it quick...before they go holiday! [QUOTE]May be ibfx australia could be shortlisted, regulated and deposit quiet low USD250.. IMHO no matter what type account you use standard,mini or micro it all the same..it is a matter of risk management..even with micro lot one could buy up to 100 lot X 1000 unit per lot = 100,000 units.Omg really? Minimum is $250? Actually I'm a student that's planning to earn some side income through forex. I'm not sure whether I can amass that much money for trading. Btw, Oanda accept starting capital of $1 but I don't know whether they can be trusted or not since there's a lot of bad review about them... |
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Dec 24 2010, 04:05 PM
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Senior Member
1,527 posts Joined: Jan 2008
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[quote=Whatever111,Dec 24 2010, 03:48 PM]
[QUOTE]May be ibfx australia could be shortlisted, regulated and deposit quiet low USD250.. IMHO no matter what type account you use standard,mini or micro it all the same..it is a matter of risk management..even with micro lot one could buy up to 100 lot X 1000 unit per lot = 100,000 units. Omg really? Minimum is $250? Actually I'm a student that's planning to earn some side income through forex. I'm not sure whether I can amass that much money for trading. Btw, Oanda accept starting capital of $1 but I don't know whether they can be trusted or not since there's a lot of bad review about them... [/quote] The problem with reviews on the net is that there are a lot of competition, and anyone can write a review. Oanda is one of the biggest and experienced broker around.. Just dont expect much if ur starting with 250 account..Unless u have a big account its hard to earn passive income by trading. Focus more on discipline and following a proven trading plan rather than profit or loss.. the profit will come automatically. Thats what i learned anyways. |
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Dec 24 2010, 05:14 PM
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Junior Member
113 posts Joined: Jul 2006
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QUOTE(myvi5949 @ Dec 24 2010, 04:05 PM) The problem with reviews on the net is that there are a lot of competition, and anyone can write a review. Oanda is one of the biggest and experienced broker around.. Just dont expect much if ur starting with 250 account..Unless u have a big account its hard to earn passive income by trading. Focus more on discipline and following a proven trading plan rather than profit or loss.. the profit will come automatically. Thats what i learned anyways. icic. I'm not planning to earn big. Just want to earn some money and gain experience along the way. Once I'm confident I will invest more money i guess. Maybe I will go with ounda after all. |
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Dec 24 2010, 07:56 PM
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Senior Member
732 posts Joined: May 2008
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[quote=Whatever111,Dec 24 2010, 03:48 PM]
[QUOTE]May be ibfx australia could be shortlisted, regulated and deposit quiet low USD250.. IMHO no matter what type account you use standard,mini or micro it all the same..it is a matter of risk management..even with micro lot one could buy up to 100 lot X 1000 unit per lot = 100,000 units. Omg really? Minimum is $250? Actually I'm a student that's planning to earn some side income through forex. I'm not sure whether I can amass that much money for trading. Btw, Oanda accept starting capital of $1 but I don't know whether they can be trusted or not since there's a lot of bad review about them... [/quote] I like Oanda, apart from being regulated, so far this is the only broker that is so flexiable in lot adjustment, the drawdown is this broker is using java web based platform while nowday most traders prefer MT4. But in the end it is up to individual choices, choose what your comfortable in your own style. It is hard to start with just USD1, they are some charges that you need to considered like the fund wire charges and exchange rates that could eat your starting capital. if you can start with at least USD100 assuming you want to take 2% capital risk in every of your trade = RM2 your stop loss = 200 pips, you will get out if the market move 200 pips against you Pips value = 2/200 = 0.01 cents per pips, so you should only trade with pips movement of 0.01 cents Which is equivalent to totall no of currency units to buy = 0.01 X (1000/0.10)micro account = 100 units currency Also take note you leverage choice..i.e 100:1, 1 % will be set aside by broker to open your position. 1% to open position for 100 units of currency is USD1 will be side aside as your margin and USD199 as free margin. You will got margin call when your free margin reach USD 1. so, you will have about 99 trades if you really discipline in your trading. P/S : I like trading cents account in InstaForex Added on December 24, 2010, 8:16 pm  Falling wedge pattern with oscillator forming bullish divergance. This post has been edited by imax80: Dec 24 2010, 08:16 PM |
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Dec 24 2010, 09:10 PM
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Newbie
4 posts Joined: Dec 2010
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Hi,
Any Dukascopy account holder here? Might need to find out some information from you all. 1. Does Dukascopy support fund transfer from one account to other account? 2. Does Dukascopy allow the withdrawal to different bank account , where each account with the same account holder name(I am going to work outside Malaysia)? 3. Does Maybank/HSBC support fund transfer to Dukascopy and how much is the fee charges? Really appreciate your help and information. Thanks |
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Dec 24 2010, 09:17 PM
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Junior Member
242 posts Joined: Dec 2006
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hi all,
i'm a newbie and i have graduated from babypips school and practice in demo by mt4 for few months already... but i'm still confuse with whether it is legal to FX in malaysia? as some of the members here gave me this link.. http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1976 anyone can clarify for me? thanks in advance... |
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Dec 24 2010, 09:25 PM
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Junior Member
181 posts Joined: Sep 2007 From: penang
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i wanna open a $100 acount any agent can u all introduce???insta??
or any recommendations??? Added on December 24, 2010, 9:29 pmany insta agent here??? pls pm me This post has been edited by wusuhong: Dec 24 2010, 09:29 PM |
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Dec 24 2010, 09:49 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(guozong @ Dec 24 2010, 09:10 PM) Hi, Why not you just visit their website, i have a friend using this broker for more than 5 years now and very satisfied with their service.Any Dukascopy account holder here? Might need to find out some information from you all. 1. Does Dukascopy support fund transfer from one account to other account? 2. Does Dukascopy allow the withdrawal to different bank account , where each account with the same account holder name(I am going to work outside Malaysia)? 3. Does Maybank/HSBC support fund transfer to Dukascopy and how much is the fee charges? Really appreciate your help and information. Thanks Added on December 24, 2010, 9:55 pm QUOTE(DX007 @ Dec 24 2010, 09:17 PM) hi all, they are companies offering forex investment to the public in malaysia, pool their money and help them to trade. It is illegal as their collecting money without license from BNM. i'm a newbie and i have graduated from babypips school and practice in demo by mt4 for few months already... but i'm still confuse with whether it is legal to FX in malaysia? as some of the members here gave me this link.. http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1976 anyone can clarify for me? thanks in advance... IMHO, FOREX should be at your own risk, you learn, open an account, choose your broker, trade at your own risk. BNM got no control at you since your are opening oversea trading account. Broker goes bankrupt, run away and bring our money with them are part of the risks that we are facing. This post has been edited by imax80: Dec 24 2010, 09:57 PM |
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Dec 24 2010, 09:58 PM
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Newbie
4 posts Joined: Dec 2010
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QUOTE(imax80 @ Dec 24 2010, 09:49 PM) Why not you just visit their website, i have a friend using this broker for more than 5 years now and very satisfied with their service. Visited their website and don't have the information i want. I knew their services is good that y i wish to open an account with them but just raise some concern i have here.Added on December 24, 2010, 9:55 pm they are companies offering forex investment to the public in malaysia, pool their money and help them to trade. It is illegal as their collecting money without license from BNM. IMHO, FOREX should be at your own risk, you learn, open an account, choose your broker, trade at your own risk. BNM got no control at you since your are opening oversea trading account. Broker goes bankrupt, run away and bring your money with them are part of the risks that we are facing. |
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Dec 24 2010, 10:00 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(wusuhong @ Dec 24 2010, 09:25 PM) i wanna open a $100 acount any agent can u all introduce???insta?? If you register at Insta, after the registration you can see the link 'Deposit throw local bank', after you click the link you can see the list of IB in malaysia. If you not comfortable depositing your money with them, you can always use other method such as Credit Card or wire transfer. But via IB also not bad, quiet fast within 24 hours can reach your trading account already or any recommendations??? Added on December 24, 2010, 9:29 pmany insta agent here??? pls pm me |
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Dec 24 2010, 10:06 PM
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Junior Member
113 posts Joined: Jul 2006
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QUOTE(imax80 @ Dec 24 2010, 10:00 PM) If you register at Insta, after the registration you can see the link 'Deposit throw local bank', after you click the link you can see the list of IB in malaysia. If you not comfortable depositing your money with them, you can always use other method such as Credit Card or wire transfer. But via IB also not bad, quiet fast within 24 hours can reach your trading account already Hmm.. Maybe I should consider instaforex as well lol. Coz I prefer local bank in haha. |
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Dec 24 2010, 10:06 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(guozong @ Dec 24 2010, 09:58 PM) Visited their website and don't have the information i want. I knew their services is good that y i wish to open an account with them but just raise some concern i have here. may be you can email them to enquire. E-mails Dear clients, Please note that in order to improve security and reliability in execution of your instructions, communication by email of any requests to Dukascopy Bank can be done only through the following mailboxes: support@dukascopy.com : for any questions, requests and instructions related to your live account. In case of urgent instructions, we highly recommend that you contact our live client support desk or your Account Manager via phone during business hours (+41 (0) 22 799 48 48) so as to verify proper reception of your instructions and to limit risk of late execution or non-execution of the latter. info@dukascopy.com : for any other general questions. We draw your attention to the risk entailed with communication by emails which include failure in delivery. Additionally, emails sent to addresses other than “support@dukascopy.com” and “info@dukascopy.com” may not be read at all or read with delay. We stress the importance that you verify reception of your instructions by contacting our live client support desk or your Account Manager promptly. Dukascopy Bank shall not be held liable for any loss or expense, resulting directly or indirectly from late execution or non-execution of instructions sent to any other email address than “support@dukascopy.com”. Depending on their nature, instructions may be executable only during business hours. Added on December 24, 2010, 10:12 pm QUOTE(Whatever111 @ Dec 24 2010, 10:06 PM) Hmm.. Maybe I should consider instaforex as well lol. Coz I prefer local bank in haha. You can try transfer small amount first since Instaforex minimum deposit is USD 1 only for all accounts including standard account. This post has been edited by imax80: Dec 24 2010, 10:13 PM |
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Dec 24 2010, 10:48 PM
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Junior Member
113 posts Joined: Jul 2006
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QUOTE(imax80 @ Dec 24 2010, 10:06 PM) may be you can email them to enquire. Hmm, it seems opening account with instaforex is pretty easy. No need to fill in any resume such as income and sign agreement form? Or did I do something wrong there lol? Btw, I have to install the platform to start trading right? After I launch the platform I was promted to register a account yet again ? If I'm not mistaken this account should be a demo account right? So how do I trade with the live account? The interface is quite confusing for me after I have tried oanda java platform. E-mails Dear clients, Please note that in order to improve security and reliability in execution of your instructions, communication by email of any requests to Dukascopy Bank can be done only through the following mailboxes: support@dukascopy.com : for any questions, requests and instructions related to your live account. In case of urgent instructions, we highly recommend that you contact our live client support desk or your Account Manager via phone during business hours (+41 (0) 22 799 48 48) so as to verify proper reception of your instructions and to limit risk of late execution or non-execution of the latter. info@dukascopy.com : for any other general questions. We draw your attention to the risk entailed with communication by emails which include failure in delivery. Additionally, emails sent to addresses other than “support@dukascopy.com” and “info@dukascopy.com” may not be read at all or read with delay. We stress the importance that you verify reception of your instructions by contacting our live client support desk or your Account Manager promptly. Dukascopy Bank shall not be held liable for any loss or expense, resulting directly or indirectly from late execution or non-execution of instructions sent to any other email address than “support@dukascopy.com”. Depending on their nature, instructions may be executable only during business hours. Added on December 24, 2010, 10:12 pm You can try transfer small amount first since Instaforex minimum deposit is USD 1 only for all accounts including standard account. Edit: Oh ya, What is the difference between mt5 real account and normal account? This post has been edited by Whatever111: Dec 24 2010, 10:53 PM |
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Dec 24 2010, 10:58 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(Whatever111 @ Dec 24 2010, 10:48 PM) Hmm, it seems opening account with instaforex is pretty easy. No need to fill in any resume such as income and sign agreement form? Or did I do something wrong there lol? Btw, I have to install the platform to start trading right? After I launch the platform I was promted to register a account yet again ? If I'm not mistaken this account should be a demo account right? So how do I trade with the live account? The interface is quite confusing for me after I have tried oanda java platform. yup, fill in the online form only no need to upload other documents such as utility bill or passport, by now you should get your account no, passowrd, phone code and pin no, they will also send this info in your email. keep it because you need it when you want to communicate with IB or Instaforex official for withdrawal or depositing. You can also access your trader cabinet and you can explore the functionality there such as change leverage or account type.just launch the platform and enter the info to create demo account, if you login using your real account info, you could see your equity or starting capital = 0. You need to make are deposit first before you can trade. Insta is using MT4 and totaly different with Oanda platform. I strongly advise practise in demo first and familiarise yourself with the MT4 trading platform. I have not use MT5 yet, but so far the only difference i see is the way they display our equity info at bottom screen in the trading platform and you might also feel different in the order fields, but for me i still prefer MT4 This post has been edited by imax80: Dec 24 2010, 11:07 PM |
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Dec 25 2010, 12:39 AM
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Junior Member
181 posts Joined: Sep 2007 From: penang
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any good ib to intro??? or submit the registration then they give u info about ib??
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Dec 25 2010, 12:46 AM
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Senior Member
732 posts Joined: May 2008
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QUOTE(wusuhong @ Dec 25 2010, 12:39 AM) any good ib to intro??? or submit the registration then they give u info about ib?? may be you can try PM luqmanz..i think he has been with Insta for quiet sometimes. |
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Dec 25 2010, 10:25 AM
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Junior Member
113 posts Joined: Jul 2006
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QUOTE(imax80 @ Dec 25 2010, 12:46 AM) may be you can try PM luqmanz..i think he has been with Insta for quiet sometimes. Hey thnx bro. I'm really grateful got all the information provided and the patience to answer my question. |
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Dec 25 2010, 03:18 PM
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Senior Member
592 posts Joined: Oct 2006 From: Anson
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we shud make a subforum for this thread, discussing more about forex strategy and analysis .. or share some indi here tooo
Merry Xmas PIPers !! |
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Dec 25 2010, 09:32 PM
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Junior Member
44 posts Joined: Sep 2010 From: Pontian, Johor/Bukit Beruang, Melaka
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QUOTE(mamet @ Dec 25 2010, 03:18 PM) we shud make a subforum for this thread, discussing more about forex strategy and analysis .. or share some indi here tooo +1 Merry Xmas PIPers !! |
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Dec 26 2010, 04:19 AM
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Junior Member
36 posts Joined: Apr 2007 From: Cheras Kuala Lumpur
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instaforex quite easy to register. and easily to manage.
happy holiday... and happy new year 2011. hope we all get big cash next year. :-) |
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Dec 26 2010, 10:55 AM
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Junior Member
158 posts Joined: Oct 2008
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QUOTE(mamet @ Dec 25 2010, 03:18 PM) we shud make a subforum for this thread, discussing more about forex strategy and analysis .. or share some indi here tooo Agree Merry Xmas PIPers !! Still able to bank in some nice pips from eurchf and gbpjpy in the last week before xmas happy holiday everyone!! |
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Dec 26 2010, 12:22 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(jeanhl @ Dec 26 2010, 10:55 AM) Agree yeah nex week can do a performance report on all my fx earning.. hope its a nice return value Still able to bank in some nice pips from eurchf and gbpjpy in the last week before xmas happy holiday everyone!! hehehehelet's hope for the better profits and pipsy in 2011 |
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Dec 26 2010, 02:50 PM
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Senior Member
732 posts Joined: May 2008
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 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 |
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Dec 26 2010, 08:00 PM
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Senior Member
1,527 posts Joined: Jan 2008
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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.
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Dec 27 2010, 12:16 PM
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Junior Member
36 posts Joined: Apr 2007 From: Cheras Kuala Lumpur
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QUOTE(myvi5949 @ Dec 26 2010, 08:00 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... |
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Dec 27 2010, 02:18 PM
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Senior Member
732 posts Joined: May 2008
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end of the year a lot traders go to holidays rewarding themself
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Dec 27 2010, 02:55 PM
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Senior Member
756 posts Joined: Jan 2003 From: Kuala Lumpur
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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!! |
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Dec 27 2010, 05:05 PM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(cedin @ Dec 26 2010, 05:19 AM) instaforex quite easy to register. and easily to manage. We even gives various bonus such as 30% welcome bonus.happy holiday... and happy new year 2011. hope we all get big cash next year. :-) |
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Dec 28 2010, 02:06 AM
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Junior Member
36 posts Joined: Apr 2007 From: Cheras Kuala Lumpur
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yeah... spent all the profit. or gamble for cash next year..
hehee |
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Dec 28 2010, 10:52 AM
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Newbie
1 posts Joined: Dec 2010
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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. |
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Dec 28 2010, 11:09 AM
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Junior Member
158 posts Joined: Oct 2008
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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 |
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Dec 28 2010, 03:28 PM
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Senior Member
1,527 posts Joined: Jan 2008
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Any idea for carry trades in 2011?
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Dec 28 2010, 04:19 PM
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Junior Member
249 posts Joined: Mar 2010
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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. |
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Dec 28 2010, 04:24 PM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(myvi5949 @ Dec 28 2010, 04:28 PM) Any idea for carry trades in 2011? GPBUSD might rise as term of research. |
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Dec 28 2010, 10:18 PM
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Senior Member
732 posts Joined: May 2008
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QUOTE(marvinben @ Dec 28 2010, 04:19 PM) 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. Very good advice, hope to read more tips from you 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. 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 |
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Dec 29 2010, 02:12 AM
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Junior Member
36 posts Joined: Jul 2009
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QUOTE(marvinben @ Dec 28 2010, 04:19 PM) 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. How bout mt4??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. |
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Dec 29 2010, 10:04 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(marvinben @ Dec 28 2010, 04:19 PM) 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. the most important thing that nobody will ever tell you is that 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. 1. lower TF is the most shittiest place to trade because there are a lot of fake price which leads to fake signals. 2. lower TF is for the advanced traders who are used to the harsh environment 3. there are big players and small players therefore a lot of manipulation will happen => fake signal => losses 4. when to go in and when not to go in for your system you're using 5. indicator behavior under different circumstances 6. simplicity and not complexity 7. finding the sweetest spot to go in |
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Dec 29 2010, 10:15 AM
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Junior Member
214 posts Joined: Jun 2006
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QUOTE(marvinben @ Dec 28 2010, 04:19 PM) 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. Demo account i could earn a lot mang. Can even make 50% profit. When i put in money inside, real money, about USD600. I blew up the account in just 2 months time. LOL I am now starting to relearn again. And trade from the balance USD4. I read a lot trading books when i got time. I don't see the need for me to keep on pumping money inside when i am not ready yet. I am a loser, but i will improve and become a winner one day. To those of you underestimate USD10 account. If everyday u can grow it by 3%. tell me how big can tat be in 1 year time. 3% increase in forex is easily achievable with the right mind and technique. |
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Dec 29 2010, 11:38 AM
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Senior Member
1,527 posts Joined: Jan 2008
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Dont think USD500 is a large enough amount of money to start trading.. better put ur money elsewhere. Trading is about conquering greed and fear.. yes u can learn trading with small amount of money..but your psychology will play against you. Would you be able to spend time managing your trades just to gamble USD10 per trade? (assuming you risk the recommended 2% per trade rule). From what my experience, new traders will usually have high expectations.. you have to set urself to win. And having enough capital is part of it..i think.
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Dec 29 2010, 11:54 AM
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Junior Member
214 posts Joined: Jun 2006
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QUOTE(myvi5949 @ Dec 29 2010, 11:38 AM) Dont think USD500 is a large enough amount of money to start trading.. better put ur money elsewhere. Trading is about conquering greed and fear.. yes u can learn trading with small amount of money..but your psychology will play against you. Would you be able to spend time managing your trades just to gamble USD10 per trade? (assuming you risk the recommended 2% per trade rule). From what my experience, new traders will usually have high expectations.. you have to set urself to win. And having enough capital is part of it..i think. Hmm i don't know about others but i think USD500 is more than enough for a start becauseno matter u r starting with a USD10, USD500 or USD500,000 account if one didnt learn the survival ways in forex, it's gonna blow anyway. So why not start small? I assume people want to put in big deposit so they can earn big fast money, which is wrong. Hmm just my 2 pips. i am a loser anyway. I have blown a USD600 account, I regret that i keep pumping money into the account when the most important thing i should do is pumping knowledge into my brain. i should have just learn to trade with the remaining balance long ago. |
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Dec 29 2010, 12:48 PM
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Senior Member
1,527 posts Joined: Jan 2008
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QUOTE(NINJIAO @ Dec 29 2010, 11:54 AM) Hmm i don't know about others but i think USD500 is more than enough for a start because Depends really.. what im saying is, you will probably be more fearful and greedy trading with USD100 account.. compared with a USD3000 account. Bigger account usually make a trader more confident and disciplined.. they dont go in looking to double their profit in one month.. and they will be willing to trade smaller lots. As much as i like to read charts and news, the whole point of trading is to make money.. dont think trading on a USD100 is really worth all the planning and analysis before making the trade.. but thats just me.no matter u r starting with a USD10, USD500 or USD500,000 account if one didnt learn the survival ways in forex, it's gonna blow anyway. So why not start small? I assume people want to put in big deposit so they can earn big fast money, which is wrong. Hmm just my 2 pips. i am a loser anyway. I have blown a USD600 account, I regret that i keep pumping money into the account when the most important thing i should do is pumping knowledge into my brain. i should have just learn to trade with the remaining balance long ago. |
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Dec 29 2010, 01:35 PM
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Junior Member
214 posts Joined: Jun 2006
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QUOTE(myvi5949 @ Dec 29 2010, 12:48 PM) Depends really.. what im saying is, you will probably be more fearful and greedy trading with USD100 account.. compared with a USD3000 account. Bigger account usually make a trader more confident and disciplined.. they dont go in looking to double their profit in one month.. and they will be willing to trade smaller lots. As much as i like to read charts and news, the whole point of trading is to make money.. dont think trading on a USD100 is really worth all the planning and analysis before making the trade.. but thats just me. Hehehe problem with human nature, when you got big account, sometimes if the trend move opposite our trade, we might 'revenge' it by placing more contract because in hand we got a lot capital. or some people call it 'sai lang' or show hand'. We all have greed, thats why we are here discussing trading. So no matter small or big account, is still the same untill we realize and change. hahaha. Well it all depends on dicipline i guess. But for starter, one will not know his own behaviour and weakness untill one start trading. So why not start with low capital first before putting in more? If one can't handle a USD10 or USD100 account, how can one handle a USD5,000 or USD50k account? So why demo account don't work for me? human nature. Free things we take for granted. LOL. We have almost no emotion threat when playing demo account. Hey it's fake money. Just dump everything in. LOL. If own money, sakit hati mang. |
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Dec 29 2010, 02:10 PM
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Junior Member
36 posts Joined: Jul 2009
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QUOTE(NINJIAO @ Dec 29 2010, 01:35 PM) Hehehe problem with human nature, when you got big account, sometimes if the trend move opposite our trade, we might 'revenge' it by placing more contract because in hand we got a lot capital. or some people call it 'sai lang' or show hand'. We all have greed, thats why we are here discussing trading. So no matter small or big account, is still the same untill we realize and change. hahaha. Well it all depends on dicipline i guess. But for starter, one will not know his own behaviour and weakness untill one start trading. So why not start with low capital first before putting in more? If one can't handle a USD10 or USD100 account, how can one handle a USD5,000 or USD50k account? u got the point bro..So why demo account don't work for me? human nature. Free things we take for granted. LOL. We have almost no emotion threat when playing demo account. Hey it's fake money. Just dump everything in. LOL. If own money, sakit hati mang. |
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Dec 30 2010, 10:25 AM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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I think it stil depends per trader, there are no right or wrong way hw much the stake must be risked.. every trader will hv different experience and knowledge about the market..
Its like asking Mike Tyson which way to punch is the perfect way to knock out a person, while Muhammad Ali will tell u another way.. XD |
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Dec 30 2010, 11:05 AM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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USD500 is the best amount to use to trade live...
there is no replacement for live trade.. using demo... demo trade is just to "test" EA while real trading using real money gives different result.. you just can't trade the same on demo compared to live even though they are the same amount of money(referring to yr hard earn money as initial investment) |
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Dec 30 2010, 01:52 PM
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Junior Member
162 posts Joined: Apr 2008
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QUOTE(imax80 @ Dec 2 2010, 10:47 AM) Hello, What you guys think of broker InstaForex? I am thinking of opening live account with them, or is there any better choices? hope to received good answers. Last year i Was using Instaforex but this year i switch to Interbank FX already. Because I study from a website from US federal and stated there was a scam on Instaforex that's why i stop it immeadiately |
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Dec 30 2010, 02:56 PM
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Junior Member
162 posts Joined: Apr 2008
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QUOTE(NINJIAO @ Dec 29 2010, 11:15 AM) I am totally disagree on this. people can start to learn from as low as USD10 account, a lot better than demo account. Starting is not about getting profit, it is about survival and learning technique then only you start to think about getting profit. Fully agree with your comment..here is my chat..i start restudy babypips earlier so now my result fly up. Demo account i could earn a lot mang. Can even make 50% profit. When i put in money inside, real money, about USD600. I blew up the account in just 2 months time. LOL I am now starting to relearn again. And trade from the balance USD4. I read a lot trading books when i got time. I don't see the need for me to keep on pumping money inside when i am not ready yet. I am a loser, but i will improve and become a winner one day. To those of you underestimate USD10 account. If everyday u can grow it by 3%. tell me how big can tat be in 1 year time. 3% increase in forex is easily achievable with the right mind and technique. 
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Dec 30 2010, 04:17 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(NINJIAO @ Dec 29 2010, 10:15 AM) I am totally disagree on this. people can start to learn from as low as USD10 account, a lot better than demo account. Starting is not about getting profit, it is about survival and learning technique then only you start to think about getting profit. From your statement, you are still far away from being a forex winner.Demo account i could earn a lot mang. Can even make 50% profit. When i put in money inside, real money, about USD600. I blew up the account in just 2 months time. LOL I am now starting to relearn again. And trade from the balance USD4. I read a lot trading books when i got time. I don't see the need for me to keep on pumping money inside when i am not ready yet. I am a loser, but i will improve and become a winner one day. To those of you underestimate USD10 account. If everyday u can grow it by 3%. tell me how big can tat be in 1 year time. 3% increase in forex is easily achievable with the right mind and technique. kthxbye |
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Dec 30 2010, 05:01 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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As far as I know there is no fix rate of "everyday must X amount of income" Instead sometimes NOT TRADING at all is part of trading. Give for example is like end of the year(just like now), pricing of FX is erratic, illogical, spread are generally higher too. Majority of the traders/ big guys are holiday mode. You probably more likely to be "profitable" (not losing) by being sidelines than actually trading.
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Dec 30 2010, 05:12 PM
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Junior Member
162 posts Joined: Apr 2008
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QUOTE(billytong @ Dec 30 2010, 06:01 PM) As far as I know there is no fix rate of "everyday must X amount of income" Instead sometimes NOT TRADING at all is part of trading. Give for example is like end of the year(just like now), pricing of FX is erratic, illogical, spread are generally higher too. Majority of the traders/ big guys are holiday mode. You probably more likely to be "profitable" (not losing) by being sidelines than actually trading. Ya.. just like the market nowadays. mostly sleeping at day time and jump up n down during night..Sometime miss the boat. |
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Dec 30 2010, 06:35 PM
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Junior Member
249 posts Joined: Mar 2010
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QUOTE(ax6623 @ Dec 29 2010, 02:12 AM) How bout mt4?? MT4 is a very good platform for trading forex, the charting package are top notch and tons of customized indicators out there.QUOTE(myvi5949 @ Dec 29 2010, 11:38 AM) Dont think USD500 is a large enough amount of money to start trading.. better put ur money elsewhere. Trading is about conquering greed and fear.. yes u can learn trading with small amount of money..but your psychology will play against you. Would you be able to spend time managing your trades just to gamble USD10 per trade? (assuming you risk the recommended 2% per trade rule). From what my experience, new traders will usually have high expectations.. you have to set urself to win. And having enough capital is part of it..i think. Right on the money. 500usd is only good enough to test the water so to speak. But if you're starting to think you could make serious money month in month out using 500usd as margin. Good luck! I have seen it done before by other traders but NOT profitable on monthly basis. The pressure to milk every last pips from the market will mess with your emotion and straying away from original trade setup. With 500usd you might need 1000pips/month to be profitable, but think, if you have 10000usd then maybe you need to make 200pips/month to be just as profitable. A much easier target right. Minus all the pressure. I'm sure lots of traders here can do 200pips/month but how many can trade 1000pips/month? You will just fall victim to overtrading. (I am speaking from experience here, overtrading is the biggest enemy of mine)On demo trading, it serve it purpose to develop a winning edge. You have no business trading live unless you have an edge over the market. On the issue of using 10usd to start trading live, i see it as complete nonsense as 10usd is nothing to most people. They will fell no pain losing about RM30. But what if you trade 1000usd as a start? Now then its different story, you will take forex as serious business and not "play play" as they call it. You got to pay the tuition fee to the school of Hard Knock.Merry Christmas and Happy New Year everyone!  |
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Dec 30 2010, 11:05 PM
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Junior Member
36 posts Joined: Jul 2009
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QUOTE(marvinben @ Dec 30 2010, 06:35 PM) MT4 is a very good platform for trading forex, the charting package are top notch and tons of customized indicators out there. thank you...Right on the money. 500usd is only good enough to test the water so to speak. But if you're starting to think you could make serious money month in month out using 500usd as margin. Good luck! I have seen it done before by other traders but NOT profitable on monthly basis. The pressure to milk every last pips from the market will mess with your emotion and straying away from original trade setup. With 500usd you might need 1000pips/month to be profitable, but think, if you have 10000usd then maybe you need to make 200pips/month to be just as profitable. A much easier target right. Minus all the pressure. I'm sure lots of traders here can do 200pips/month but how many can trade 1000pips/month? You will just fall victim to overtrading. (I am speaking from experience here, overtrading is the biggest enemy of mine) On demo trading, it serve it purpose to develop a winning edge. You have no business trading live unless you have an edge over the market. On the issue of using 10usd to start trading live, i see it as complete nonsense as 10usd is nothing to most people. They will fell no pain losing about RM30. But what if you trade 1000usd as a start? Now then its different story, you will take forex as serious business and not "play play" as they call it. You got to pay the tuition fee to the school of Hard Knock.Merry Christmas and Happy New Year everyone! im noob in this area...so teach me... mt4 safe or not? i need an IB? |
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Dec 30 2010, 11:39 PM
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Senior Member
2,096 posts Joined: Oct 2007
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agree with marvinben..trading USD10 is nonsense... cause so far, never see a proven record such account would survive...theoretically..."can" only...don't dream la.
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Dec 31 2010, 10:25 AM
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Senior Member
1,527 posts Joined: Jan 2008
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Here are some goodies i want to share..
Asset allocation report Rothschild December 2010 http://privatebankingandtrust.rothschild.c...mber%202010.pdf Gold price chart in MYR.. gold traders bookmark it if u havent already. http://www.xe.com/currencycharts/?from=XAU&to=MYR&view=1Y Happy New Year everybody. |
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Dec 31 2010, 07:52 PM
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Junior Member
491 posts Joined: Apr 2006 From: KL - KK
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QUOTE(cmk96 @ Dec 30 2010, 11:39 PM) agree with marvinben..trading USD10 is nonsense... cause so far, never see a proven record such account would survive...theoretically..."can" only...don't dream la. its not impossible with cent account.. if you still in the learning curve... 10usd =1000cent, so newbies can practice as if they have 1000usd.. last long and you can migrate to micro/standard (Instaforex only)Happy New Year guys and gals.... may we have a good 2011 year..This post has been edited by Sham903n: Dec 31 2010, 07:57 PM |
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Dec 31 2010, 10:32 PM
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Senior Member
2,096 posts Joined: Oct 2007
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QUOTE(Sham903n @ Dec 31 2010, 07:52 PM) its not impossible with cent account.. if you still in the learning curve... 10usd =1000cent, so newbies can practice as if they have 1000usd.. last long and you can migrate to micro/standard (Instaforex only) have you done it? trading with USD 10? as i said earlier...."theorically" can only. Happy New Year guys and gals.... may we have a good 2011 year..happy new yr! |
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Dec 31 2010, 10:38 PM
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Junior Member
491 posts Joined: Apr 2006 From: KL - KK
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QUOTE(cmk96 @ Dec 31 2010, 10:32 PM) have you done it? trading with USD 10? as i said earlier...."theorically" can only. im currently accessing one of my acct and transfering 10bucks.. to another acct and convert it to cent.. Ill be doing a test run next week.. will update herehappy new yr! like I said.. its not impossible... maybe the link below will give you some idea.. http://www.forexrefuge.com/ This post has been edited by Sham903n: Dec 31 2010, 10:45 PM |
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Dec 31 2010, 10:53 PM
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Senior Member
2,096 posts Joined: Oct 2007
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QUOTE(Sham903n @ Dec 31 2010, 10:38 PM) im currently accessing one of my acct and transfering 10bucks.. to another acct and convert it to cent.. Ill be doing a test run next week.. will update here New year mood now...no mood to read such long website... wish you success! like I said.. its not impossible... maybe the link below will give you some idea.. http://www.forexrefuge.com/ |
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Jan 2 2011, 11:24 AM
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Junior Member
249 posts Joined: Mar 2010
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QUOTE(ax6623 @ Dec 30 2010, 11:05 PM) thank you... Go with a regulated broker. Common names are IBFX, Oanda, FXCM, GFT, IGmarket. They have branch in UK. Allows Hedging and 100:1 leverage although thats not what i recommend.im noob in this area...so teach me... mt4 safe or not? i need an IB? QUOTE(Sham903n @ Dec 31 2010, 07:52 PM) its not impossible with cent account.. if you still in the learning curve... 10usd =1000cent, so newbies can practice as if they have 1000usd.. last long and you can migrate to micro/standard (Instaforex only) In a way Sham is right. But i doubt 10usd will make anyone to trade seriously enough. I recommend trading small or demo for at least a year to experience the full season cycle (summer break, thanksgiving, xmas/new year, earnings season) as the knowing what to expect during certain time of the year will be helpful in trading. Happy New Year guys and gals.... may we have a good 2011 year..HAPPY NEW YEAR 2011 EVERYONE!! |
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Jan 2 2011, 12:59 PM
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Junior Member
71 posts Joined: Apr 2009
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hmm... i haven really read finish this whole thing...
i've knew forex since 3years back. trade myself, yes it is true, small amount make ur greed big n spending some hardcore personal trade without artificial inteligence since it's small! lol n we wanna win big. else spending tat same amount of time sitting there for a margin like that i'd rather do my business. So i stop. Now there's someone trading for me with profit sharing as deal. Anyone been doing this? Seems good for me still. He n me can skip the emotional part since im not playing n he's not playing his money, LOL XD. and since his profit root is my profit i suppose he don't trade for trades. Any comment? he's been good though. Low return compare to most forex trader but consistent. Happy 2011 Forex Lovers! |
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Jan 2 2011, 09:32 PM
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Junior Member
249 posts Joined: Mar 2010
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Great deal you got going on there just remember forex is risky business and you cant blame him for big trading loss. Also remember Ponzi Scheme.
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Jan 3 2011, 09:08 AM
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Junior Member
86 posts Joined: Dec 2008
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Anyone investing with www.forex.com? this website seem famous but think not much lowyat ppl using this?
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Jan 3 2011, 09:20 AM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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using demo there...easy to use
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Jan 3 2011, 09:29 AM
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Junior Member
86 posts Joined: Dec 2008
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QUOTE(shajack @ Jan 3 2011, 09:20 AM) using demo there...easy to use ya man I'm using the demo as well quite user friendly but the spread is quite hight tot? 2 pips ++so wonder the reliable, any comment for this? or any recomment? |
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Jan 3 2011, 01:07 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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after so much of R & D for 2months, final conclusion, i've gone back to the basics, which is trend trading and trendline trading, HAHA !!!!!
dumped everything into rubbish bin !!! |
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Jan 3 2011, 01:29 PM
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Senior Member
1,527 posts Joined: Jan 2008
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QUOTE(AllnGap @ Jan 3 2011, 01:07 PM) after so much of R & D for 2months, final conclusion, i've gone back to the basics, which is trend trading and trendline trading, HAHA !!!!! Gone through this phase.. i found out that its best to just choose one method and stick to it. practice it day in day out.. and sticking to the trading plan. stay away from forexfactory and useless articles and news..too much noise.. for chatting its ok, but id go far away from it when there is a trade running. This guy say this, that guy say that..this method is better than that method etc etc. all of it is just noise. You need to filter your head from bad information.. Only get information and trade ideas from experienced traders and good website.. Thats what i think anyways..dumped everything into rubbish bin !!! |
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Jan 3 2011, 01:50 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(AllnGap @ Jan 3 2011, 01:07 PM) after so much of R & D for 2months, final conclusion, i've gone back to the basics, which is trend trading and trendline trading, HAHA !!!!! What have you been researching for the past 2 months?dumped everything into rubbish bin !!! |
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Jan 3 2011, 02:30 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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all the methods to confirm the direction or change of direction
i was searching for reliability and simplicity MACD, BB bouncing system, STOCHASTIC, CCI, EMA, SMA, Elliot Wave, Candlestick pattern, RSI, ADX, Momentum, Bull Bear, Volume (VSA biggest joke) gone through more than 1000 indicators to the final conclusion, which one more reliable ? is only trendline price either stands on it or break it, even it is a fakey, you can wait till the next real one. This post has been edited by AllnGap: Jan 3 2011, 02:41 PM |
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Jan 3 2011, 02:59 PM
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Junior Member
71 posts Joined: Apr 2009
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Jan 3 2011, 03:12 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(myvi5949 @ Jan 3 2011, 01:29 PM) Gone through this phase.. i found out that its best to just choose one method and stick to it. practice it day in day out.. and sticking to the trading plan. stay away from forexfactory and useless articles and news..too much noise.. for chatting its ok, but id go far away from it when there is a trade running. This guy say this, that guy say that..this method is better than that method etc etc. all of it is just noise. You need to filter your head from bad information.. Only get information and trade ideas from experienced traders and good website.. Thats what i think anyways.. yea of course, i prefer simplicity, humans think that by using more and more they can defeat the market dynamics (compilation of so many types of traders and big players especially)but i notice something is that no matter what kind of trader you are, once the price break a significant trendline, everybody sees the same thing, it's not like you're the sohai that sees it only and go against the tsunami. of all the most reliable or accurate methods, i've tried to come out with a method to be in profit everday (intraday trader), but it seemed that it is impossible to filter whether to take the trade or not according to your system, it's really super hard because the market is always in a dynamic condition, sometimes trending, sometimes sideway, range bound the market condition is constantly changing, thats why we see certain system or EA die after the conditions change. but no matter what conditions, price behave always behave nicely to trendline, especially higher TF (like H1 and H4) and even better is that i found the method to lower the SL down to about 20pips, with R:R always bigger than 1  |
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Jan 3 2011, 04:03 PM
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Junior Member
200 posts Joined: Feb 2009
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QUOTE(christ86 @ Jan 3 2011, 02:59 PM) looks like a demo with EA to me. btw, what's ur opinion on GJ today? |
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Jan 3 2011, 04:06 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(rachel9966 @ Jan 3 2011, 04:03 PM) looks like a demo with EA to me. btw, what's ur opinion on GJ today? Cant trade today .. markets are closed .... |
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Jan 3 2011, 04:08 PM
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Junior Member
71 posts Joined: Apr 2009
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QUOTE(rachel9966 @ Jan 3 2011, 04:03 PM) looks like a demo with EA to me. btw, what's ur opinion on GJ today? it's a live account of my trader. he trade for profit sharing.im one of his client. hah! just sharing... he's using fxprimus btw. seems good for me. GJ? hah if u ask me 3years back i'd know, now just leave to the pro & we stick to our own business. |
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Jan 3 2011, 04:12 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(christ86 @ Jan 3 2011, 02:59 PM) That's a good track record ... seems like martingale ... |
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Jan 3 2011, 04:20 PM
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Junior Member
200 posts Joined: Feb 2009
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QUOTE(christ86 @ Jan 3 2011, 04:08 PM) it's a live account of my trader. he trade for profit sharing. ohh.... you are not a trader then... you are investing in someone else.... do you get commission from inviting ppl? heard about such deals sometime ago... but i rather trade for myself.... more fulfilling.im one of his client. hah! just sharing... he's using fxprimus btw. seems good for me. GJ? hah if u ask me 3years back i'd know, now just leave to the pro & we stick to our own business. |
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Jan 3 2011, 04:48 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(AllnGap @ Jan 3 2011, 03:12 PM) it's not like you're the sohai that sees it only and go against the tsunami. HAHAHA.. |
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Jan 3 2011, 05:54 PM
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Junior Member
71 posts Joined: Apr 2009
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QUOTE(rachel9966 @ Jan 3 2011, 04:20 PM) ohh.... you are not a trader then... you are investing in someone else.... do you get commission from inviting ppl? heard about such deals sometime ago... but i rather trade for myself.... more fulfilling. hah he's an IB(introducer broker) i'm not. but he's a good trader, show off his account and if there's anyone here wish to see it real n live n wish him to trade for, can look for me haha xD just sharing. good luck ! |
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Jan 3 2011, 06:58 PM
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Junior Member
148 posts Joined: Mar 2009 From: KL
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i recommend this site for those who wants to learn more about trading.
free and excellent analysis. www.50pipsfx.com |
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Jan 3 2011, 08:54 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(myvi5949 @ Jan 3 2011, 01:29 PM) Gone through this phase.. i found out that its best to just choose one method and stick to it. practice it day in day out.. and sticking to the trading plan. stay away from forexfactory and useless articles and news..too much noise.. for chatting its ok, but id go far away from it when there is a trade running. This guy say this, that guy say that..this method is better than that method etc etc. all of it is just noise. You need to filter your head from bad information.. Only get information and trade ideas from experienced traders and good website.. Thats what i think anyways.. hahah!!! this is nice!!~~~~!!!QUOTE(AllnGap @ Jan 3 2011, 02:30 PM) all the methods to confirm the direction or change of direction haha~~~all traders will go through d same process wether u like it or not..YEEHAAAAA~~!!!~~~i was searching for reliability and simplicity MACD, BB bouncing system, STOCHASTIC, CCI, EMA, SMA, Elliot Wave, Candlestick pattern, RSI, ADX, Momentum, Bull Bear, Volume (VSA biggest joke) gone through more than 1000 indicators to the final conclusion, which one more reliable ? is only trendline price either stands on it or break it, even it is a fakey, you can wait till the next real one. edited: how come u say VSA is biggest joke? its vry vry good type of analysis... but d original concept is not like wat u seen in d topic at forexfactory.... QUOTE(AllnGap @ Jan 3 2011, 03:12 PM) yea of course, i prefer simplicity, humans think that by using more and more they can defeat the market dynamics (compilation of so many types of traders and big players especially) different indicator calculates differently. using it blindly results in non consistency. llol. i still prefer d oldies indi which has proven survive time from time.. XDbut i notice something is that no matter what kind of trader you are, once the price break a significant trendline, everybody sees the same thing, it's not like you're the sohai that sees it only and go against the tsunami. of all the most reliable or accurate methods, i've tried to come out with a method to be in profit everday (intraday trader), but it seemed that it is impossible to filter whether to take the trade or not according to your system, it's really super hard because the market is always in a dynamic condition, sometimes trending, sometimes sideway, range bound the market condition is constantly changing, thats why we see certain system or EA die after the conditions change. but no matter what conditions, price behave always behave nicely to trendline, especially higher TF (like H1 and H4) and even better is that i found the method to lower the SL down to about 20pips, with R:R always bigger than 1 again, i always think R:R is nonsense. XD no offense. This post has been edited by low yat 82: Jan 3 2011, 08:58 PM |
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Jan 3 2011, 09:10 PM
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Junior Member
249 posts Joined: Mar 2010
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Technical Indicators are just historical data represented in different forms. I'm using just the most raw form of indicator a.k.a. candlesticks
as i found it is good enough for me. If anyone found an indicator that shows future price let me know ya I'll trade my soul for it. |
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Jan 3 2011, 10:37 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(low yat 82 @ Jan 3 2011, 08:54 PM) hahah!!! this is nice!!~~~~!!! Trade your system with bad R:R for one year my friend, start from today 03 Jan 2011 until 03 Jan 2012, if you are still profitable, you are the man, you don't need to be honest with people here, just be honest to yourself haha~~~all traders will go through d same process wether u like it or not..YEEHAAAAA~~!!!~~~ edited: how come u say VSA is biggest joke? its vry vry good type of analysis... but d original concept is not like wat u seen in d topic at forexfactory.... different indicator calculates differently. using it blindly results in non consistency. llol. i still prefer d oldies indi which has proven survive time from time.. XD again, i always think R:R is nonsense. XD no offense. |
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Jan 4 2011, 12:01 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(bulkbiz @ Jan 3 2011, 10:37 PM) Trade your system with bad R:R for one year my friend, start from today 03 Jan 2011 until 03 Jan 2012, if you are still profitable, you are the man, you don't need to be honest with people here, just be honest to yourself rofl... soli my fren. my risk definition is different from other. thus it doesnt apply on me XDR:R = pips:time , so, it cant work...... 4years bc, i was naive.. numerous times saw my profit turns to losses jus bcoz of myth of d so call "R:R" |
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Jan 4 2011, 05:59 AM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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question:
y metatrader4 current time is different from new york time? now new york is 4.58 n mt4 is 8.58...weirdie |
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Jan 4 2011, 08:26 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(low yat 82 @ Jan 3 2011, 08:54 PM) hahah!!! this is nice!!~~~~!!! first of all VSA can never be applied in the forex market because you never know the size of the contract itself per tick and broker's data is different(retail), only higher tier transaction data can be used, so the basic data information is already flawedhaha~~~all traders will go through d same process wether u like it or not..YEEHAAAAA~~!!!~~~ edited: how come u say VSA is biggest joke? its vry vry good type of analysis... but d original concept is not like wat u seen in d topic at forexfactory.... different indicator calculates differently. using it blindly results in non consistency. llol. i still prefer d oldies indi which has proven survive time from time.. XD again, i always think R:R is nonsense. XD no offense. even so as i said again, it cannot tell you roughly it can go how much further. if you wanna use VSA, better bribe someone working in the big banks' trading room to feed you info  sure win if you know what they gonna do next let me put it like this, IMHO, this market is super manipulative due to the nature of the players which are big banks. These big banks have got so much money they can move the market whichever direction that they want, i've back tested the fakey(whether you call it as pullback/retest, or banks getting better price ?) for intraday is about 30 to 50pips range (4H will be about 80pips), so this amount will be the amount of SL you have to put, without a good R & R, no system can win because your odds wouldnt be by ur side. let me rephrase this, indicators can give you a good entry, but without a good strategy, you cannot win. have you noticed that everytime you make the trade, the move goes opposite you ? this is because of the knowledge that we know kills us. We wanted more and more confirmation, lets say engulfing candle before entry, once we go in, the price pullback. I personally believe that trendline and SR is the most reliable tools you can use stochastic for a trending condition will always go at the extreme, lets say LONG, it will remain at the Overbought level.... what the book said ? the book ask you to short because it is at OB level  i'm talking about reliability of indicator + a good strategy Added on January 4, 2011, 8:43 am  you see how simple it is, no more confusion, just wait, kasi dia pecah This post has been edited by AllnGap: Jan 4 2011, 08:43 AM |
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Jan 4 2011, 09:06 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AllnGap @ Jan 4 2011, 08:26 AM) » Click to show Spoiler - click again to hide... « HAHAHA!!~~~ GOOD EXPLANATIONS N NICE CHARTTTT. ok. u r partially correct ab d VSA. but if u examine from 1 broker to others. there r onli few broker where VSA works pretty fine. i.e. interbankfx is 1 of dat hav frantically movement (fluctuation) where VSA at most time doesnt valid. i'll stop comment ab R&R. we hav different view of risk definition. usually, when it move against me, n didnt hit my SL, i use it to forecast my TP, i.e. it move 40pips against me, so my TP will b 40 x X = 40X. IMHO, oscillation indi hav other usage rather than d normal overbought or oversold..... |
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Jan 4 2011, 10:09 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(low yat 82 @ Jan 4 2011, 09:06 AM) [/spoiler] i simply like simplicity lo..... HAHAHA!!~~~ GOOD EXPLANATIONS N NICE CHARTTTT. ok. u r partially correct ab d VSA. but if u examine from 1 broker to others. there r onli few broker where VSA works pretty fine. i.e. interbankfx is 1 of dat hav frantically movement (fluctuation) where VSA at most time doesnt valid. i'll stop comment ab R&R. we hav different view of risk definition. usually, when it move against me, n didnt hit my SL, i use it to forecast my TP, i.e. it move 40pips against me, so my TP will b 40 x X = 40X. IMHO, oscillation indi hav other usage rather than d normal overbought or oversold..... till the end of the day, everything is about warfare, traps are set by the sharks to trap planktons like us what i know is that the reliability of the system is the most important thing of all, lets say for turtle traders, if they are unable to filter sideway market false signal, then they'll lose money, i wanna be a no brainer, no need to think so much before trading, just let the system tell me where to trade and when to trade and which direction to trade ps, my chart not that messy, just to show you how many trading possibilities within 2days i've made the trendline indicator that gives alert, and change the alert wav files to Sam Hui's Choi San Dou.......damn syok....i go do other things and wait for the Money song to play |
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Jan 4 2011, 11:26 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AllnGap @ Jan 4 2011, 10:09 AM) i simply like simplicity lo..... WAKAUUUUU..SO NICEEEEEEE... DATS WAT I RIKE AB MT4!!!~~!! currently usin fxcm trade station by fxcm..... till the end of the day, everything is about warfare, traps are set by the sharks to trap planktons like us what i know is that the reliability of the system is the most important thing of all, lets say for turtle traders, if they are unable to filter sideway market false signal, then they'll lose money, i wanna be a no brainer, no need to think so much before trading, just let the system tell me where to trade and when to trade and which direction to trade ps, my chart not that messy, just to show you how many trading possibilities within 2days i've made the trendline indicator that gives alert, and change the alert wav files to Sam Hui's Choi San Dou.......damn syok....i go do other things and wait for the Money song to play  |
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Jan 4 2011, 02:55 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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Lowyat 82: Yea u cant apply R:R coz ur risk percentage is way too high, bt neverthelest if u r comfortabe with it then thats fine, ur mm is like one of the legendary trader Jesse Livermore, the boy plunger.. XD
Bt i still agree wiv Bulkbiz R:R s imp, in the long run is how u manage ur profits.. my opinion ONLY AllnGap: thats quite a gud chart der, btw, how often does false breakout occur using this system? |
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Jan 4 2011, 03:30 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(Volatile369 @ Jan 4 2011, 02:55 PM) Lowyat 82: Yea u cant apply R:R coz ur risk percentage is way too high, bt neverthelest if u r comfortabe with it then thats fine, ur mm is like one of the legendary trader Jesse Livermore, the boy plunger.. XD false breakout occurs usually during market opening hours, so wait wait and wait....best if avoid the first move during opening hours, and becareful if it goes into a triangle....Bt i still agree wiv Bulkbiz R:R s imp, in the long run is how u manage ur profits.. my opinion ONLY AllnGap: thats quite a gud chart der, btw, how often does false breakout occur using this system? anyway, if you're fast you can even grab some pips just look at AU today, i placed the trade yesterday, risk = 25pips, reward = 100pips   Added on January 4, 2011, 3:45 pmEU/CHF just had a 55pips move NZD, same case.  This post has been edited by AllnGap: Jan 4 2011, 03:45 PM |
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Jan 4 2011, 03:50 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Volatile369 @ Jan 4 2011, 02:55 PM) Lowyat 82: Yea u cant apply R:R coz ur risk percentage is way too high, bt neverthelest if u r comfortabe with it then thats fine, ur mm is like one of the legendary trader Jesse Livermore, the boy plunger.. XD lolol.. i dun wanna commit suicide Bt i still agree wiv Bulkbiz R:R s imp, in the long run is how u manage ur profits.. my opinion ONLY AllnGap: thats quite a gud chart der, btw, how often does false breakout occur using this system? @allngap can put in spoiler or resize? its kinda big..lol btw, NZD so power a? got alot of gaps...lol.. |
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Jan 4 2011, 03:51 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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AllnGap: Oh ic, wow if u keep on trading like this ur gonna be financially free in no time, like lowyat 82 100% per month, hehe.. XD
This post has been edited by Volatile369: Jan 4 2011, 03:59 PM |
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Jan 4 2011, 03:55 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Volatile369 @ Jan 4 2011, 03:51 PM) Oh ic, wow if u keep on trading like this ur gonna be financially free with no time, like lowyat 82 100% per month, hehe.. XD my acc capital has reduced to 80% liao lo..lololcurrently lookin at GU. waitin for more price action. but may skip also as d stop loss is kinda big. |
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Jan 4 2011, 04:00 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(low yat 82 @ Jan 4 2011, 03:55 PM) my acc capital has reduced to 80% liao lo..lolol Adui, don worry man, jiayou!!! currently lookin at GU. waitin for more price action. but may skip also as d stop loss is kinda big. |
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Jan 4 2011, 04:08 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(Volatile369 @ Jan 4 2011, 03:51 PM) Oh ic, wow if u keep on trading like this ur gonna be financially free with no time, like lowyat 82 100% per month, hehe.. XD u see a lot of signal because a lot of them are switching direction at H4 atm, AU, CHF, NZD switching atm.GU havent break south yet.....so wait wait......too bored, just spend 5minutes on each chart and then wait for the next signal to come..... i just wanna hit my monthly pips of 300pips can d, i believe this system if you're diligent, can get more than 200pips per week easily. And the most important thing is that it is simple, no need so many indicators, my last template had about 14 indicators, and i made the checklist, it's about 7 signal confirmation, after 2weeks trading on it, i only get confusion and loss i even have customized my M5 fractals to look like M15 fractals but still the efficiency not good la sorry, i trade on my 27" LCD, so the resolution is bigger, will resize next time |
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Jan 4 2011, 04:19 PM
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Senior Member
4,081 posts Joined: Aug 2005
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BAH!!! MISSED A GOOD ENTRY POINT. i let it run la..zzz.
IMHO, currently GU n GJ shows d same goodie... i guess its moving for 5.30pm news... Added on January 4, 2011, 4:21 pm QUOTE(AllnGap @ Jan 4 2011, 04:08 PM) u see a lot of signal because a lot of them are switching direction at H4 atm, AU, CHF, NZD switching atm. GU havent break south yet.....so wait wait......too bored, just spend 5minutes on each chart and then wait for the next signal to come..... i just wanna hit my monthly pips of 300pips can d, i believe this system if you're diligent, can get more than 200pips per week easily. And the most important thing is that it is simple, no need so many indicators, my last template had about 14 indicators, and i made the checklist, it's about 7 signal confirmation, after 2weeks trading on it, i only get confusion and loss i even have customized my M5 fractals to look like M15 fractals but still the efficiency not good la sorry, i trade on my 27" LCD, so the resolution is bigger, will resize next time  This post has been edited by low yat 82: Jan 4 2011, 04:21 PM |
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Jan 4 2011, 04:22 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(low yat 82 @ Jan 4 2011, 03:50 PM) lolol.. i dun wanna commit suicide kk, will resize, this NZD, when USD got movement, sometimes correlate with AU, then it'll move....now u know la USD so weak @allngap can put in spoiler or resize? its kinda big..lol btw, NZD so power a? got alot of gaps...lol.. |
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Jan 4 2011, 04:32 PM
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Senior Member
4,081 posts Joined: Aug 2005
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bye bye GU n GJ. movin without me
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Jan 4 2011, 04:35 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(low yat 82 @ Jan 4 2011, 04:32 PM) bye bye GU n GJ. movin without me I wish it will hit my TP ... at 1.5550 |
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Jan 4 2011, 04:37 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Jan 4 2011, 04:35 PM) I wish it will hit my TP ... at 1.5550 waa... u already ride it? nice IMHO shud b no prob. 1.55684 is d 1st pivot resistance. |
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Jan 4 2011, 04:54 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(low yat 82 @ Jan 4 2011, 04:37 PM) waa... u already ride it? nice I hope you are right ... IMHO shud b no prob. 1.55684 is d 1st pivot resistance.  Added on January 4, 2011, 5:00 pmTP got hit .... gained 3.54% today ... I'm done for the day ...  This post has been edited by luqmanz: Jan 4 2011, 05:00 PM |
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Jan 4 2011, 05:02 PM
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Junior Member
113 posts Joined: Jul 2006
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What indicator you all usually use? I managed to earn 110 pips for GBP/JPY, 100 pips for eur/aud75 pips for aud/usd and 51.7 pips for eur/jpy today by using macd, stochastic, rsi and fib retracement. Too bad I'm trading on demo though. It would be nice if I could made this achievement when trading for real.
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Jan 4 2011, 05:04 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Jan 4 2011, 04:54 PM) I hope you are right ... Added on January 4, 2011, 5:00 pmTP got hit .... gained 3.54% today ... I'm done for the day ...  |
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Jan 4 2011, 06:20 PM
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Junior Member
36 posts Joined: Jul 2009
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Can someone recommend good n reliable trading platform for me..
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Jan 4 2011, 06:39 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Intraday trend line breakout for me is almost same as gambling, but the truth is broker manipulate the price. When the candle break a support line, everybody(day trader) will short, but the price will never go do down....same goes to long when it break resistance, how many time you will see a true trend line breakout using hourly, 4H chart?
Go for daily chart to ride big trend....there will be 2-3 time in a year where big trends will come, and there is where you gain your positive ROI. I am not speaking based on demo or backtest result, but is based on my personal real account portfolio. Forget scalping and day trading.... |
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Jan 4 2011, 06:54 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Whatever111 @ Jan 4 2011, 05:02 PM) What indicator you all usually use? I managed to earn 110 pips for GBP/JPY, 100 pips for eur/aud75 pips for aud/usd and 51.7 pips for eur/jpy today by using macd, stochastic, rsi and fib retracement. Too bad I'm trading on demo though. It would be nice if I could made this achievement when trading for real. ya.. nice ncie XDQUOTE(ax6623 @ Jan 4 2011, 06:20 PM) Can someone recommend good n reliable trading platform for me.. all platform r up to d standard if compare to malaysia tradin platform..lol.. oanda /fxcm r among d reputable 1. |
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Jan 4 2011, 07:00 PM
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Junior Member
36 posts Joined: Jul 2009
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QUOTE(low yat 82 @ Jan 4 2011, 06:54 PM) ya.. nice ncie XD Thanx 4 the info..all platform r up to d standard if compare to malaysia tradin platform..lol.. oanda /fxcm r among d reputable 1. How bout an IB can intro 1 to me, |
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Jan 4 2011, 07:13 PM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(ax6623 @ Jan 4 2011, 08:00 PM) Thanx 4 the info.. Try Instaforex ,the rate is stable and fixed spread.How bout an IB can intro 1 to me, If your interested,please visit www.instaforex.com |
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Jan 4 2011, 07:17 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(bulkbiz @ Jan 4 2011, 06:39 PM) Intraday trend line breakout for me is almost same as gambling, but the truth is broker manipulate the price. When the candle break a support line, everybody(day trader) will short, but the price will never go do down....same goes to long when it break resistance, how many time you will see a true trend line breakout using hourly, 4H chart? u like apples , i like fish. each people hav different wish... u like big pips dat giv u fortune, i like small pips dat giv me $ every 1hr/4hr/1day/1 week/1 monthGo for daily chart to ride big trend....there will be 2-3 time in a year where big trends will come, and there is where you gain your positive ROI. I am not speaking based on demo or backtest result, but is based on my personal real account portfolio. Forget scalping and day trading.... we were all blessed dat forex hav scalper/short/mid/long term trader... if not, it will b like klse... Added on January 4, 2011, 7:22 pm QUOTE(ax6623 @ Jan 4 2011, 07:00 PM) Thanx 4 the info.. IB is wat ? interbankfx? good also la...How bout an IB can intro 1 to me, This post has been edited by low yat 82: Jan 4 2011, 07:22 PM |
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Jan 4 2011, 07:30 PM
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Junior Member
36 posts Joined: Jul 2009
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QUOTE(SpL-ViCioUS @ Jan 4 2011, 07:13 PM) Try Instaforex ,the rate is stable and fixed spread. Tried edi..spread quite high lo..If your interested,please visit www.instaforex.com Anyway thanx.. Any phone apps? |
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Jan 4 2011, 09:32 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(bulkbiz @ Jan 4 2011, 06:39 PM) Intraday trend line breakout for me is almost same as gambling, but the truth is broker manipulate the price. When the candle break a support line, everybody(day trader) will short, but the price will never go do down....same goes to long when it break resistance, how many time you will see a true trend line breakout using hourly, 4H chart? for me , 1H TL is quite ok on M15 TF, 4H break is reliable enough (even fakey can get at least 30pips), just that you must couple this with trend trading, then it becomes a good system. Of course dont countertrend it.Go for daily chart to ride big trend....there will be 2-3 time in a year where big trends will come, and there is where you gain your positive ROI. I am not speaking based on demo or backtest result, but is based on my personal real account portfolio. Forget scalping and day trading.... maybe your pip range is super big at 800pips i guess ?? (EU last year got about 4 to 5 times 800pips movement) i got turtle on another account, but only got 200pips on UJ last time......takes a lot of patience for a trade like the example i attach on EU chart, 4H is quite ok, but it's the big banks that can manipulate the price, brokers can manipulate about 10pips, big banks can push it down even 150pips, so even with trendline breakout, the move is not as fast and not that smooth, it might break, then retest for 3times before the real move happens, so if not used to this kind of movement, better dunt trade, or use multiple lot this kind of pattern can also be seen on daily chart, weekly chart i never seen any lah Attached thumbnail(s) 
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Jan 4 2011, 09:45 PM
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Senior Member
4,081 posts Joined: Aug 2005
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@AllnGap
u still do moddin fan? hehe... i still usin d casinf fan u mod for me. it was 5-6 years ago....lol |
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Jan 4 2011, 11:06 PM
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Senior Member
2,214 posts Joined: Oct 2007
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What I did for my AU. Money in the pocket.
Close half @ first dotted horizontal line Close another half @ second dotted horizontal line It's been a while I'm away from the thread. Haha. Attached thumbnail(s) 
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Jan 4 2011, 11:21 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Jan 4 2011, 11:06 PM) What I did for my AU. Money in the pocket. Close half @ first dotted horizontal line Close another half @ second dotted horizontal line It's been a while I'm away from the thread. Haha. hi..still rememb me? |
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Jan 4 2011, 11:29 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(low yat 82 @ Jan 4 2011, 11:21 PM) hi..still rememb me? I still see bulkbiz here as well |
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Jan 5 2011, 08:56 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Jan 4 2011, 11:29 PM) Of coz bro, I see you are doing well for FX. haha... ok ok la...I still see bulkbiz here as well currently m sidelining mayb for d day as well unless i see significant movement durin this 6 hr.. monitorin GU... |
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Jan 5 2011, 09:43 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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later got FOMC meeting, i wont touch FX till tomorrow....might be crazy today
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Jan 5 2011, 09:48 AM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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So much old bird still here..
Bulkbiz: I'll keep in mind for ur opinion for longer TF, bt I guess any timeframe can be done for forex for nw, everyones style is different, bt of coz lower TF need to hv more stronger discipline n tolerance, wiv experience, coz today u might earn a profit, the next day poof, it went.. Not same as longer TF, longer TF if u win for 1 or 2 months, u might only c another lost in around next few months, maybe still profit, so up to per trader style.. =) This post has been edited by Volatile369: Jan 5 2011, 01:20 PM |
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Jan 5 2011, 10:22 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AllnGap @ Jan 5 2011, 09:43 AM) later got FOMC meeting, i wont touch FX till tomorrow....might be crazy today ? when ?i see here dun got wor... jus minit meeting been released http://www.forexfactory.com/calendar.php |
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Jan 5 2011, 11:39 AM
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Junior Member
121 posts Joined: Jan 2005
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QUOTE(kelvin_tan @ Dec 7 2010, 10:38 PM) @MNet bro.. im noob on forex here been practicing demo account for two months now. My questions is how to use OANDA service using MT4you obviously never used oanda before. Give it a try. Low spreads, no requotes, regulated. only problem? their charting sucks. I use mt4 to chart |
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Jan 5 2011, 11:57 AM
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Junior Member
162 posts Joined: Apr 2008
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QUOTE(bulkbiz @ Jan 4 2011, 07:39 PM) Intraday trend line breakout for me is almost same as gambling, but the truth is broker manipulate the price. When the candle break a support line, everybody(day trader) will short, but the price will never go do down....same goes to long when it break resistance, how many time you will see a true trend line breakout using hourly, 4H chart? Both of you so pro...can share some usefull signal at here?Go for daily chart to ride big trend....there will be 2-3 time in a year where big trends will come, and there is where you gain your positive ROI. I am not speaking based on demo or backtest result, but is based on my personal real account portfolio. Forget scalping and day trading.... |
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Jan 5 2011, 01:15 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(supar_depor @ Jan 5 2011, 11:39 AM) bro.. im noob on forex here been practicing demo account for two months now. My questions is how to use OANDA service using MT4 Why do you need MT4? is ur charting technique complex? if ur using Fib system then oanda platform not that suitable, for the rest is fine..Oanda doesnt provide MT4, u nd to register a demo from MT4 website to do the charting, bt of coz, prices for both platform are not the same.. Added on January 5, 2011, 1:44 pm QUOTE(low yat 82 @ Jan 5 2011, 10:22 AM) ? when ? That was 3a.m. our time ago..i see here dun got wor... jus minit meeting been released http://www.forexfactory.com/calendar.php This post has been edited by Volatile369: Jan 5 2011, 01:44 PM |
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Jan 5 2011, 03:42 PM
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Senior Member
2,185 posts Joined: Oct 2005
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London Market open in 20 min ... will it hit 1.5475 (S1) or 1.5649 (yesterday high) ...
Added on January 5, 2011, 3:58 pmok nice .. I hope it will hit my TP @ 1.5649 (yesterday high) This post has been edited by luqmanz: Jan 5 2011, 03:58 PM |
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Jan 5 2011, 04:02 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(luqmanz @ Jan 5 2011, 03:42 PM) London Market open in 20 min ... will it hit 1.5475 (S1) or 1.5649 (yesterday high) ... Damn, i miss it, haha...Added on January 5, 2011, 3:58 pmok nice .. I hope it will hit my TP @ 1.5649 (yesterday high) 20 more pips and ur gud to go(TP) bro! XD |
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Jan 5 2011, 04:26 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Jan 5 2011, 03:42 PM) London Market open in 20 min ... will it hit 1.5475 (S1) or 1.5649 (yesterday high) ... lolol.. SWING AAAA SWINGG TO UR TP Added on January 5, 2011, 3:58 pmok nice .. I hope it will hit my TP @ 1.5649 (yesterday high) wanted to short AU, but d rollover really turn me off...zzzzz |
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Jan 5 2011, 04:37 PM
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Junior Member
162 posts Joined: Apr 2008
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QUOTE(low yat 82 @ Jan 5 2011, 05:26 PM) lolol.. SWING AAAA SWINGG TO UR TP Masta..Any comment on EU?? wanted to short AU, but d rollover really turn me off...zzzzz |
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Jan 5 2011, 04:45 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(dxchen @ Jan 5 2011, 04:37 PM) Masta..Any comment on EU?? no comment bro. my crystal ball jus kept silence XDbye bye AU. movin again without me |
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Jan 5 2011, 04:56 PM
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2,185 posts Joined: Oct 2005
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QUOTE(luqmanz @ Jan 5 2011, 03:42 PM) London Market open in 20 min ... will it hit 1.5475 (S1) or 1.5649 (yesterday high) ... I hope it will bounce off the day open price and go higher LOL .... Added on January 5, 2011, 3:58 pmok nice .. I hope it will hit my TP @ 1.5649 (yesterday high) Added on January 5, 2011, 5:34 pm QUOTE(luqmanz @ Jan 5 2011, 04:56 PM) I hope it will bounce off the day open price and go higher LOL .... Time to be prepared for TP @ S1.. hopefully ... heheheThis post has been edited by luqmanz: Jan 5 2011, 05:34 PM |
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Jan 5 2011, 05:53 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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u changed to short position?
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Jan 5 2011, 05:55 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Volatile369 @ Jan 5 2011, 05:53 PM) u changed to short position? I closed my long at 1.5604. Now I dunno which way to go ... but probably down ... looking for good entry ...Added on January 5, 2011, 6:06 pm QUOTE(luqmanz @ Jan 5 2011, 05:55 PM) I closed my long at 1.5604. Now I dunno which way to go ... but probably down ... looking for good entry ... If it breaks 5590 ... ... its going to yesterday high ... If it breaks 5562 ... its going to S1 most likely ... We are witnessing quite a series of violent ups and downs ... but this is opportunity ...usually this kindof volatility is the harbinger of a good breakout/down ... Lets wait for the $$$ ... for now ... I'll just wait till NY session ... a high impact news is coming (915 pm) ... before that .. price will be ranging between 5562-5590. I could be wrong ... This post has been edited by luqmanz: Jan 5 2011, 06:09 PM |
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Jan 5 2011, 06:26 PM
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Senior Member
4,081 posts Joined: Aug 2005
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i in silence mode. * open position 1++hr ago...
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Jan 5 2011, 07:23 PM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(ax6623 @ Jan 4 2011, 08:30 PM) Tried edi..spread quite high lo.. Try bforex for iPhone .Anyway thanx.. Any phone apps? if there is any question,we'll glad to help |
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Jan 5 2011, 07:50 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(mphpopular @ Jan 4 2011, 11:06 PM) What I did for my AU. Money in the pocket. Chartist is back!Close half @ first dotted horizontal line Close another half @ second dotted horizontal line It's been a while I'm away from the thread. Haha. |
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Jan 5 2011, 08:58 PM
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Junior Member
36 posts Joined: Jul 2009
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QUOTE(SpL-ViCioUS @ Jan 5 2011, 07:23 PM) Try bforex for iPhone . Lolx...I need to buy iphone 4 like dis coz I'm a bb userif there is any question,we'll glad to help |
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Jan 5 2011, 09:01 PM
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Senior Member
4,081 posts Joined: Aug 2005
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jus close position for UJ. all losses cover bc. now acc bc to 100%. IMHO, there is still much upside for UJ. jus dat... i wanna watch movie using PPS.. so cant trade XD
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Jan 5 2011, 09:09 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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damn, i exited my AU too early, should have set the TP to parity level......
in the meanwhile, i'm waiting for the next swing....kinda boring man |
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Jan 5 2011, 09:13 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AllnGap @ Jan 5 2011, 09:09 PM) damn, i exited my AU too early, should have set the TP to parity level...... wat is parity level? heard that at forexfactory as well.. no1 answer me...zzzzin the meanwhile, i'm waiting for the next swing....kinda boring man u go short AU? darn braave... wakakaka~~!!! i actually wanna short it but d rollover was too much..lol. so i choose UJ instead which also hav nice chart pattern. |
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Jan 5 2011, 09:19 PM
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Senior Member
4,081 posts Joined: Aug 2005
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lol...any1 watch PPS? so many latest tvb movie~~~ me likely
n UJ. pls SWING MOREEEEE~~!!! SWINGGGGG OOOOOO. GIB MORE MONEY FOR THOSE WHO STILL HOLDIN XD |
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Jan 5 2011, 09:28 PM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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usd/jpy is giving me a heartache
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Jan 5 2011, 09:53 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(shajack @ Jan 5 2011, 09:28 PM) usd/jpy is giving me a heartache rofl. y so heartache?? tomolo is another day. everyday also got opportunity. watch some movie n cheer ur self up. |
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Jan 5 2011, 09:55 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(low yat 82 @ Jan 5 2011, 09:19 PM) lol...any1 watch PPS? so many latest tvb movie~~~ me likely Watching everyday. Haha.n UJ. pls SWING MOREEEEE~~!!! SWINGGGGG OOOOOO. GIB MORE MONEY FOR THOSE WHO STILL HOLDIN XD |
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Jan 5 2011, 09:58 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Jan 5 2011, 09:55 PM) Watching everyday. Haha. every1 shud use it as well.. me dunno chinese movie also can settle it XD |
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Jan 5 2011, 10:35 PM
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Senior Member
590 posts Joined: Jan 2007 From: Ranau, Sabah
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damn, closed my UJ too early, at 82 with only 90 pips. should jump back in after the pull back if i wasn't too focused on nzdusd and audusd.
anyway, uchf and UJ are acting similar. UJ looks like it's going to reach 83.5, while uchf still has like 100 pips to go (around 9730). my trading has evolved since i started to learn trading trend line. very nice indicator, combined with candlestick formation detector from ibfx. |
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Jan 5 2011, 10:48 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(scar_face008 @ Jan 5 2011, 10:35 PM) damn, closed my UJ too early, at 82 with only 90 pips. should jump back in after the pull back if i wasn't too focused on nzdusd and audusd. 90pips is very nice d if u compare it to average daily price range. so, enjoy it. good job to u. anyway, uchf and UJ are acting similar. UJ looks like it's going to reach 83.5, while uchf still has like 100 pips to go (around 9730). my trading has evolved since i started to learn trading trend line. very nice indicator, combined with candlestick formation detector from ibfx. n last butnot least.. SWINGGG AAA SWINGGGGG BABY!!~~~ |
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Jan 5 2011, 11:14 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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dollar doing funny business.....went down too fast since last week, now i believe all these movement is due to USD
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Jan 5 2011, 11:48 PM
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Junior Member
42 posts Joined: Nov 2009
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Promoting for a friend :
The AL forex EA that i was working has been finished. Its making money ,a minimum of 10% daily based on your capital to 18% based on your capital. Its a safe scalping system based on daily time frame. It opens another trade after a trade is done. It brings more than what you can imagine. From 7 USD ,in 3 weeks time. I just doubled my account with lot size of 0.01 with instaforex. With just proper money management ! So far tested are Alpari,Exness,Instaforex and UWC. Trial version I released is to test.With the official version,there is many coding and better version. Now its making money like hell. I'm charging 500 USD per copy.I'll only open for selling 15 copy. After that,i'm coming out with a new version or maybe make the version better. It might takes a long time Enjoy These are the results: UWC 6 hours results :  Just 6 hours already get the net of 15% out of your capital. Instaforex Live account :  Manage to earn 1100 pips in just 1 day time For more inquiry please email to jeeva_vicious@live.com This post has been edited by SpL-[V]iCioUS: Jan 5 2011, 11:48 PM |
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Jan 6 2011, 01:46 AM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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QUOTE(scar_face008 @ Jan 5 2011, 11:35 PM) damn, closed my UJ too early, at 82 with only 90 pips mine...set my stop lost too low n touched my stop lost n didnt touch it afterward...i like  look @ tht movement |
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Jan 6 2011, 08:31 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(SpL-ViCioUS @ Jan 5 2011, 11:48 PM) Promoting for a friend : EA will bring you to Holland, btw no business promoting here, very irritating.The AL forex EA that i was working has been finished. Its making money ,a minimum of 10% daily based on your capital to 18% based on your capital. Its a safe scalping system based on daily time frame. It opens another trade after a trade is done. It brings more than what you can imagine. From 7 USD ,in 3 weeks time. I just doubled my account with lot size of 0.01 with instaforex. With just proper money management ! So far tested are Alpari,Exness,Instaforex and UWC. Trial version I released is to test.With the official version,there is many coding and better version. Now its making money like hell. I'm charging 500 USD per copy.I'll only open for selling 15 copy. After that,i'm coming out with a new version or maybe make the version better. It might takes a long time Enjoy These are the results: UWC 6 hours results : Just 6 hours already get the net of 15% out of your capital. Instaforex Live account : Manage to earn 1100 pips in just 1 day time For more inquiry please email to jeeva_vicious@live.com |
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Jan 6 2011, 08:43 AM
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Senior Member
4,081 posts Joined: Aug 2005
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my crystal ball ask me to open position for GU... still so early.... Added on January 6, 2011, 8:44 am@SpL-[V]iCioUS pls put in spoiler... its darn big.... kthxbye... This post has been edited by low yat 82: Jan 6 2011, 08:44 AM |
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Jan 6 2011, 10:46 AM
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Senior Member
2,185 posts Joined: Oct 2005
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Woot ... shorted GU last night ... made 14% ...
.. |
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Jan 6 2011, 11:01 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Jan 6 2011, 10:46 AM) Woot ... shorted GU last night ... made 14% ... .. i in silence mode. * open position 2hr ago... |
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Jan 6 2011, 11:16 AM
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Senior Member
590 posts Joined: Jan 2007 From: Ranau, Sabah
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damn, how can you play with GU? just watchin the chart make my head spin already. well, i guess it still has room to fall for 200pips more, but my guts say don't play play with GU lol.
currently still playing with AU n NU as it looks less volatile. |
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Jan 6 2011, 11:41 AM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(bulkbiz @ Jan 6 2011, 08:31 AM) EA will bring you to Holland, btw no business promoting here, very irritating. +1 truth.. EA only work GREAT during certain situation...only.. this month good.. nex month so so.. following month great.. and so on... QUOTE(scar_face008 @ Jan 6 2011, 11:16 AM) damn, how can you play with GU? just watchin the chart make my head spin already. well, i guess it still has room to fall for 200pips more, but my guts say don't play play with GU lol. you can always trade with the smallest lot available to you... never trade never know currently still playing with AU n NU as it looks less volatile. |
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Jan 6 2011, 11:47 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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only those EA that can function like high frequency traders HFT can win the long run, if you cant draw a 50% win lose rate on a piece of black and white instruction, how can you teach a robot to profit ?
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Jan 6 2011, 01:23 PM
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Junior Member
162 posts Joined: Apr 2008
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QUOTE(AllnGap @ Jan 6 2011, 12:47 PM) only those EA that can function like high frequency traders HFT can win the long run, if you cant draw a 50% win lose rate on a piece of black and white instruction, how can you teach a robot to profit ? I used to trade using robot by signing up with Insta forex.Lose all my deposite at the end..==I prefer trade with my own eyes now. |
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Jan 6 2011, 02:09 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(luqmanz @ Jan 6 2011, 10:46 AM) Woot ... shorted GU last night ... made 14% ... still holding GJ long , EU short , UJ long .. |
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Jan 6 2011, 02:39 PM
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Senior Member
597 posts Joined: Jan 2003 From: Kota Bharu
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QUOTE(luqmanz @ Jan 6 2011, 10:46 AM) Woot ... shorted GU last night ... made 14% ... Stubborn GU..still stuck between daily open and daily pivot... .. now where did i put my patience pill... This post has been edited by jigon: Jan 6 2011, 02:41 PM |
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Jan 6 2011, 02:56 PM
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Senior Member
590 posts Joined: Jan 2007 From: Ranau, Sabah
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QUOTE(jigon @ Jan 6 2011, 02:39 PM) Stubborn GU..still stuck between daily open and daily pivot... waiting for london rush? hi hi hi. now where did i put my patience pill... |
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Jan 6 2011, 03:01 PM
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Senior Member
597 posts Joined: Jan 2003 From: Kota Bharu
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QUOTE(scar_face008 @ Jan 6 2011, 02:56 PM) waiting for london rush? hi hi hi. any insider information?..rushing up or down? |
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Jan 6 2011, 03:48 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(jigon @ Jan 6 2011, 03:01 PM) any insider information?..rushing up or down? Dont worry ... the market can only go up or down .... only 2 possibilities ... Added on January 6, 2011, 4:38 pm QUOTE(luqmanz @ Jan 6 2011, 03:48 PM) Dont worry ... the market can only go up or down .... only 2 possibilities ... GU ... TP at 5611 ... This post has been edited by luqmanz: Jan 6 2011, 04:38 PM |
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Jan 6 2011, 04:46 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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later got NFP still wanna trade ?
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Jan 6 2011, 04:48 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(AllnGap @ Jan 6 2011, 04:46 PM) later got NFP still wanna trade ? NFP is tomorrow ... Added on January 6, 2011, 5:33 pm QUOTE(luqmanz @ Jan 6 2011, 03:48 PM) Dont worry ... the market can only go up or down .... only 2 possibilities ... Change of target 5449 .... Added on January 6, 2011, 4:38 pm GU ... TP at 5611 ... This post has been edited by luqmanz: Jan 6 2011, 05:33 PM |
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Jan 6 2011, 05:59 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Today mostly ended with -ve. Due to GBPCAD
However, I still remain bull bias for GBPCAD. Will look forward to LONG it again in future Attached thumbnail(s) 
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Jan 6 2011, 07:34 PM
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Senior Member
597 posts Joined: Jan 2003 From: Kota Bharu
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bad news for GBP..
just lucky enough to manage my SL to +30 pips 10 min before the news come out..otherwise it would be a disaster for me..  calling it off today..hoping for better opportunities tomorrow.. G/L to everyone |
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Jan 6 2011, 07:53 PM
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Senior Member
4,081 posts Joined: Aug 2005
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tioooooo...... my GU short kena liao.....zzzzzzzzzzzzzzzzzzzzzzz.....this is high risk trade...zzzzzzz open position for 10 hours but ONLI 10pips..ZZZZZZZZZZZZZ....THIS IS MADNESSSSSSS
ANYWAY,, SWINGGGG AAAAAAA SWING MORE!!~~~ Added on January 6, 2011, 8:01 pm QUOTE(mphpopular @ Jan 6 2011, 05:59 PM) Today mostly ended with -ve. Due to GBPCAD confident yarrr However, I still remain bull bias for GBPCAD. Will look forward to LONG it again in future Added on January 6, 2011, 8:07 pm QUOTE(scar_face008 @ Jan 6 2011, 11:16 AM) damn, how can you play with GU? just watchin the chart make my head spin already. well, i guess it still has room to fall for 200pips more, but my guts say don't play play with GU lol. we no play play bro. we trade currently still playing with AU n NU as it looks less volatile. me today sad. anyway, acc position currently is 10% in profit. This post has been edited by low yat 82: Jan 6 2011, 08:07 PM |
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Jan 6 2011, 08:10 PM
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Junior Member
42 posts Joined: Nov 2009
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Oh,then where to promote.
Sorry to tell but the EA holds trade when market news occur. Tick NFP trade if you want with hedging (Profitable).. Well,so far its good with profitable 1 day can earn 1000~3000 pips. If computer freak in front of PC ,get 5000~8000 pips.i can show the results |
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Jan 6 2011, 08:26 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(SpL-ViCioUS @ Jan 6 2011, 08:10 PM) Oh,then where to promote. got backtest record??Sorry to tell but the EA holds trade when market news occur. Tick NFP trade if you want with hedging (Profitable).. Well,so far its good with profitable 1 day can earn 1000~3000 pips. If computer freak in front of PC ,get 5000~8000 pips.i can show the results it sounds delicous XD ........................ |
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Jan 6 2011, 09:00 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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tomorrow got unemployment news and Chairman Bernake's speech, so no trade till next monday.....
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Jan 6 2011, 10:16 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(AllnGap @ Jan 6 2011, 09:00 PM) tomorrow got unemployment news and Chairman Bernake's speech, so no trade till next monday..... yeah safest approach... better to be out than in.. worrying |
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Jan 6 2011, 10:18 PM
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Senior Member
4,081 posts Joined: Aug 2005
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wakakakaka!!!! forex currently like got 2 head.
LETS WATCH TVB DRAMA TOGETHERRRR |
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Jan 7 2011, 02:54 AM
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Junior Member
42 posts Joined: Nov 2009
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QUOTE(low yat 82 @ Jan 6 2011, 09:26 PM) got backtest record?? Got backtest ! Not only that,got forward test with live account it sounds delicous XD ........................ I just posted day 1 results in previous page. You can see,no loss ! All straight profit. Now that's what i call a Holy Grail ! |
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Jan 7 2011, 07:51 AM
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Senior Member
2,185 posts Joined: Oct 2005
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Technicals this morning looks really bad LOL .... no trade for today ...
also the market wont be moving much during the day .. |
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Jan 7 2011, 08:54 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(SpL-ViCioUS @ Jan 7 2011, 02:54 AM) Got backtest ! Not only that,got forward test with live account backtest from data wat date?I just posted day 1 results in previous page. You can see,no loss ! All straight profit. Now that's what i call a Holy Grail ! QUOTE(luqmanz @ Jan 7 2011, 07:51 AM) Technicals this morning looks really bad LOL .... no trade for today ... lol... traditionally, i always losses on friday.. really eager wanna break dat old tradition also the market wont be moving much during the day .. |
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Jan 7 2011, 09:34 AM
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Junior Member
42 posts Joined: Nov 2009
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backtest from 1997.
Forward test with live account more shiok ! |
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Jan 7 2011, 09:49 AM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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QUOTE(low yat 82 @ Jan 7 2011, 09:54 AM) lol... traditionally, i always losses on friday.. really eager wanna break dat old tradition yesterday wasnt too good either... |
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Jan 7 2011, 09:54 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(SpL-ViCioUS @ Jan 7 2011, 02:54 AM) Got backtest ! Not only that,got forward test with live account I just realised 1 copy = USD 500. Wish you all the best.I just posted day 1 results in previous page. You can see,no loss ! All straight profit. Now that's what i call a Holy Grail ! However, it's not for me. I enjoy trading. This post has been edited by mphpopular: Jan 7 2011, 09:54 AM |
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Jan 7 2011, 10:17 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(SpL-ViCioUS @ Jan 7 2011, 09:34 AM) backtest from 1997. NICE... but me no interested. usin fxcm.. moveover my company block MT4 software... Forward test with live account more shiok ! QUOTE(shajack @ Jan 7 2011, 09:49 AM) yesterday wasnt too good either... lol. DUN WORRY, B HAPPY~~~GU really 1 pain in d a$$. tested my psychology for 2 times. 1 in d evening. n 2nd time in d night. i surrender. its too much for me d.lol. anyway, its still more on downside. as d time i type typin, UJ does shows abit weakness.not sure d weakness will result in reversal or not. still needs more price action to support~~~ kthxbye~ |
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Jan 7 2011, 10:38 AM
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Senior Member
2,214 posts Joined: Oct 2007
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I smell money. Chart different than usual one as I am not with my PC.
Logic is the same where +ve div spotted which lead to indicated target. Attached thumbnail(s) 
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Jan 7 2011, 10:58 AM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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QUOTE(low yat 82 @ Jan 7 2011, 11:17 AM) NICE... but me no interested. usin fxcm.. moveover my company block MT4 software... not too worry lol. DUN WORRY, B HAPPY~~~ GU really 1 pain in d a$$. tested my psychology for 2 times. 1 in d evening. n 2nd time in d night. i surrender. its too much for me d.lol. anyway, its still more on downside. as d time i type typin, UJ does shows abit weakness.not sure d weakness will result in reversal or not. still needs more price action to support~~~ kthxbye~ lost about 30% but regain back n a little more yesterday... |
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Jan 7 2011, 12:22 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(shajack @ Jan 7 2011, 10:58 AM) not too worry lost about 30% but regain back n a little more yesterday... i guess today no trade. today is like movement for yesterday built up. kevler must b laughin his way to bank XD |
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Jan 7 2011, 12:26 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(low yat 82 @ Jan 7 2011, 12:22 PM) i guess today no trade. today is like movement for yesterday built up. kevler must b laughin his way to bank XD |
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Jan 7 2011, 12:28 PM
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Junior Member
42 posts Joined: Nov 2009
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Hmmm,well there is another way
Add my msn for the promo |
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Jan 7 2011, 02:07 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(luqmanz @ Jan 7 2011, 12:26 PM) whos kevler LOL .... one of the sages of lowyat forex forum.. |
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Jan 7 2011, 02:20 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Jan 7 2011, 12:26 PM) whos kevler LOL .... look bc few pages. he said he holdin UJ long, GU short, GJ long. |
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Jan 7 2011, 06:40 PM
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Senior Member
756 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(mphpopular @ Jan 7 2011, 10:38 AM) I smell money. Chart different than usual one as I am not with my PC. whats software is this??Logic is the same where +ve div spotted which lead to indicated target.  This post has been edited by tuo850: Jan 7 2011, 06:41 PM |
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Jan 8 2011, 01:27 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(tuo850 @ Jan 7 2011, 06:40 PM) whats software is this?? Normal fxstreet chart as my company dont allow me access into mt4 |
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Jan 8 2011, 05:52 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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i attended a preview of a turtle system, LOL the mentor dare to tell the newbies, my system is all mechanical, even kids can trade them, but dare not to show the live statements.
how can you possibly trade 20pairs and above without discretion ? Renko charts using 125pips as the box size when it's trending u make money, when it's not trending. range bound sideway market all mati katak. the mentor sure ho sei, per student charge RM 4800, 20ppl per class |
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Jan 8 2011, 07:51 AM
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Junior Member
42 posts Joined: Nov 2009
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LMAO,better than my EA no loss
No drawdown,and its cheaper than that price. |
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Jan 8 2011, 03:38 PM
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All Stars
11,954 posts Joined: May 2007
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ur EA?
show ur live trading statement at fxbook |
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Jan 8 2011, 10:14 PM
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Junior Member
42 posts Joined: Nov 2009
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i keep on registering for fxbook and also fpa ...no respond.
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Jan 9 2011, 10:07 AM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(AllnGap @ Jan 8 2011, 05:52 AM) the mentor sure ho sei, per student charge RM 4800, 20ppl per class thats how all those so called super traders tutor get their money through classes....i don't think any one of them dare to show out their personal live account.. maybe just some demo demo kind of account for me i believe the wealth of knowledge inside FF is more than enough to pawn their knowledge provided you are willing to seek it.. |
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Jan 9 2011, 08:49 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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the worst thing is not the "tuition" fee, the worst part is the "SURE WIN" formula or mindset that the newbies absorbed.
imagine after that they take their retirement funds or borrow the money and trade it, then burn everything in the process. Added on January 9, 2011, 8:49 pmthe worst thing is not the "tuition" fee, the worst part is the "SURE WIN" formula or mindset that the newbies absorbed. imagine after that they take their retirement funds or borrow the money and trade it, then burn everything in the process. This post has been edited by AllnGap: Jan 9 2011, 08:49 PM |
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Jan 9 2011, 09:00 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(AllnGap @ Jan 9 2011, 08:49 PM) the worst thing is not the "tuition" fee, the worst part is the "SURE WIN" formula or mindset that the newbies absorbed. well nobody can help them.. there is no such thing as easy money.. or so called free money..imagine after that they take their retirement funds or borrow the money and trade it, then burn everything in the process. thats rule no1... if its SURE WIN... why aren't there any billionaire ? maybe one day should attend one of these seminars and sabotage the seminar.. make the speaker loose face and business |
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Jan 9 2011, 11:46 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(low yat 82 @ Jan 7 2011, 12:22 PM) i guess today no trade. today is like movement for yesterday built up. kevler must b laughin his way to bank XD QUOTE(luqmanz @ Jan 7 2011, 12:26 PM) whos kevler LOL .... bro ..i love your question :-)QUOTE(low yat 82 @ Jan 7 2011, 02:20 PM) look bc few pages. he said he holdin UJ long, GU short, GJ long. yerp... frankly speaking , still holding it. I added another trade : AUD short ...waiting for tomorrow and will recalculate back the wave and the momentum for next trade setup , if necessary |
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Jan 10 2011, 01:55 AM
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Junior Member
88 posts Joined: Jan 2010
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hi frens.. I am newbie to forex trading.. may i know which forex trader is reliable?? My frens recommend intelfx or avafx.. but another some frens said they are not reliable bcuz trading via broker... i also check out from google.. got comments about the withdrawal problem... so they suggest me dbfx which is from bank... so what do u guys think or use now??? thanks a million!!
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Jan 10 2011, 10:01 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Myself have tried alpari-uk and oanda. Both can withdrawal without any issue.
Alpari-uk with mt4 Oanda with Java FXCM is another reputable broker, however, I nvr tried on it. |
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Jan 10 2011, 11:30 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Jan 10 2011, 10:01 AM) Myself have tried alpari-uk and oanda. Both can withdrawal without any issue. i actually use ODL n now been bought over by fxcm...zzzzz . now had to use trade station (their own trading platform). MT4 , my company blocked d....Alpari-uk with mt4 Oanda with Java FXCM is another reputable broker, however, I nvr tried on it. withdrawal usually take max 1 day. n i dunno how much they charge.. i think its free although in their terms n conditions said , usd 35 /usd 45 will b charged for every transaction of withdrawal. but i checked money i transfered bc, they didnt deduct usd 35 / 45 ..roflll Added on January 10, 2011, 11:53 amcrap... fxcm updates tradin platform.. now onli i can open it...zzzzz This post has been edited by low yat 82: Jan 10 2011, 11:53 AM |
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Jan 10 2011, 12:37 PM
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Senior Member
4,081 posts Joined: Aug 2005
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my crystal ball ask me to open postion GU....... but lookin at it, doesnt feels confident.. gonna wait for movement from GJ as well Added on January 10, 2011, 12:38 pm QUOTE(SpL-ViCioUS @ Jan 8 2011, 10:14 PM) i keep on registering for fxbook and also fpa ...no respond. i prefer to noe d backtest results rather than ur acc..lolThis post has been edited by low yat 82: Jan 10 2011, 12:38 PM |
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Jan 10 2011, 12:54 PM
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Junior Member
71 posts Joined: Apr 2009
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QUOTE(kenkencafe @ Jan 10 2011, 01:55 AM) hi frens.. I am newbie to forex trading.. may i know which forex trader is reliable?? My frens recommend intelfx or avafx.. but another some frens said they are not reliable bcuz trading via broker... i also check out from google.. got comments about the withdrawal problem... so they suggest me dbfx which is from bank... so what do u guys think or use now??? thanks a million!! i think fxprimus is good. my account is with them.seems new though not much people talking about them. stp broker with trust account. and their trainer seems to be in CNBC most of d times XD lol... withdrawal fast also. n i heard my broker say they might setup their own forum n news/tips anytime soon for SEA. |
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Jan 10 2011, 01:24 PM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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QUOTE(low yat 82 @ Jan 10 2011, 12:30 PM) Added on January 10, 2011, 11:53 amcrap... fxcm updates tradin platform.. now onli i can open it...zzzzz |
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Jan 10 2011, 01:39 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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yup.
I'm still holding my trade for all pair below buy = UJ buy = GJ sell = AUD |
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Jan 10 2011, 01:41 PM
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Junior Member
183 posts Joined: Jul 2009
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hi everyone, currently i'm using Ikofx and IGMarkets @Singapore.
Igmarkets is a license and international broker house. it's service and backup customer service is superb. reliable and trustable.. Ikofx- is a good for beginner as nano account, trade with 0.01USD per contract. fair rate and pips. transaction/withdraw within a day. I ever withdrawn USD 4,000 within 1day for a few times. anyways, pm me if you interested to have a account with them. have a good pipping.. thanks.. |
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Jan 10 2011, 01:51 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(shajack @ Jan 10 2011, 01:24 PM) any difference?how long hv u been using fxcm trade station? since last year end of august. MT4 is more frenly user but fxcm still works best wit trade station...lolAdded on January 10, 2011, 1:54 pm QUOTE(kevler @ Jan 10 2011, 01:39 PM) yup. my crystal ball ask me go long for GJ (onli can confirm after 2pm)... d rest of d 2 not sure.. my crystal ball keeps silence XDI'm still holding my trade for all pair below buy = UJ buy = GJ sell = AUD edited: wakau.. onli 6 min b4 arrive 2pm,now GJ currently not sure d movement..lol This post has been edited by low yat 82: Jan 10 2011, 02:04 PM |
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Jan 10 2011, 02:03 PM
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Junior Member
208 posts Joined: Aug 2009
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lowyat82L share us ur ball... i mean ur crystall ball can ar ??
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Jan 10 2011, 02:13 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mkaz @ Jan 10 2011, 02:03 PM) lowyat82L share us ur ball... i mean ur crystall ball can ar ?? roflll.... my crystal ball? |
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Jan 10 2011, 02:13 PM
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Senior Member
1,527 posts Joined: Jan 2008
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Looking to go long UJ..short EU. AUD is a beast. It might be tempting to short ozzie..but so many have fail. Too risky imho.
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Jan 10 2011, 02:22 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(low yat 82 @ Jan 10 2011, 02:13 PM) roflll.... my crystal ball? he jz said ur ball.. |
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Jan 10 2011, 02:27 PM
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Junior Member
208 posts Joined: Aug 2009
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heh .. i tot that 'crystal ball' is suppose to be an indi/EA , no ??
This post has been edited by mkaz: Jan 10 2011, 02:28 PM |
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Jan 10 2011, 02:33 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mkaz @ Jan 10 2011, 02:27 PM) heh .. i tot that 'crystal ball' is suppose to be an indi/EA , no ?? roflll... my crystal ball = my brain XDmy chart onli got pivot, zig zag, factal,volume n rsi.... |
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Jan 10 2011, 03:47 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(low yat 82 @ Jan 10 2011, 01:51 PM) since last year end of august. MT4 is more frenly user but fxcm still works best wit trade station...lol yup ..i'm waiting for GJ to break 130.xx , then i can open another long trade with GJ ...or i will be wait in uncertainty mode :-)Added on January 10, 2011, 1:54 pm my crystal ball ask me go long for GJ (onli can confirm after 2pm)... d rest of d 2 not sure.. my crystal ball keeps silence XD edited: wakau.. onli 6 min b4 arrive 2pm,now GJ currently not sure d movement..lol but so far for daily chart ...i'm still hold the pips ... p/s i need to expand my lot and pips ...after this |
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Jan 10 2011, 05:23 PM
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Senior Member
2,185 posts Joined: Oct 2005
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GU tanked ... TP 5440 ...
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Jan 10 2011, 05:36 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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haha..4pm is always correction for Asian region ...and a good sign for me to open a few trades during this period ..
hope i will not wait in uncertainty mode ... |
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Jan 10 2011, 05:51 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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EU looks choppy..
Added on January 10, 2011, 5:52 pmEU looks choppy.. This post has been edited by Volatile369: Jan 10 2011, 05:52 PM |
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Jan 10 2011, 06:59 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Jan 10 2011, 03:47 PM) yup ..i'm waiting for GJ to break 130.xx , then i can open another long trade with GJ ...or i will be wait in uncertainty mode :-) roflll.... good aaaaabut so far for daily chart ...i'm still hold the pips ... p/s i need to expand my lot and pips ...after this SWING A SWINGGGGGGG..!!~~~ Added on January 10, 2011, 7:03 pm QUOTE(Volatile369 @ Jan 10 2011, 05:51 PM) EU looks choppy.. u go long? no worries... d long will come soon... not now my crystal ball say... roflllAdded on January 10, 2011, 5:52 pmEU looks choppy.. This post has been edited by low yat 82: Jan 10 2011, 07:03 PM |
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Jan 10 2011, 07:53 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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Lol not yet, no indi for me yet.. Luqmanz GU looks up la, u stil holding?
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Jan 10 2011, 07:58 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Volatile369 @ Jan 10 2011, 07:53 PM) Lol not yet, no indi for me yet.. Luqmanz GU looks up la, u stil holding? i in silence mode... * open position less than half hour ago.. |
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Jan 10 2011, 08:01 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(low yat 82 @ Jan 10 2011, 06:59 PM) roflll.... good aaaaa hhaha..i have closed 1 trade on GJ pair ..and open new trade on GJ , keep on trading till now ..SWING A SWINGGGGGGG..!!~~~ Added on January 10, 2011, 7:03 pm u go long? no worries... d long will come soon... not now my crystal ball say... roflll hold the same position till now ..maybe i will close the trade once i entered "uncertainty mode" |
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Jan 10 2011, 08:39 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Jan 10 2011, 08:01 PM) hhaha..i have closed 1 trade on GJ pair ..and open new trade on GJ , keep on trading till now .. hold the same position till now ..maybe i will close the trade once i entered "uncertainty mode" HAHAHAHA!!!~~~ LAUGHIN UR WAY TO D BANK!!! i jus close my trade on GU short. still biased to downside. but 22pips for less than an hour. this is good reward to risk ratio.. ROFL SWINGGG AAAAAAAAA Added on January 10, 2011, 8:44 pm QUOTE(Volatile369 @ Jan 10 2011, 07:53 PM) Lol not yet, no indi for me yet.. Luqmanz GU looks up la, u stil holding? its jus a rebound. jus now my crystal ball says its d same wit AU as well. dats y i brave to short when it go up in full thrust..lolThis post has been edited by low yat 82: Jan 10 2011, 08:44 PM |
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Jan 10 2011, 09:45 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(low yat 82 @ Jan 10 2011, 08:39 PM) HAHAHAHA!!!~~~ LAUGHIN UR WAY TO D BANK!!! i jus close my trade on GU short. still biased to downside. but 22pips for less than an hour. this is good reward to risk ratio.. ROFL SWINGGG AAAAAAAAA Added on January 10, 2011, 8:44 pm its jus a rebound. jus now my crystal ball says its d same wit AU as well. dats y i brave to short when it go up in full thrust..lol already closed short on AUD 50 pips plus ...later i need to recount the wave again :-) |
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Jan 10 2011, 10:44 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Jan 10 2011, 09:45 PM) haha..still holding buy trade on GJ and UJ ..abit correction here and there ..but daily chart still maintain to north :-) ROOFFLLLLLL...NICEEEEEEalready closed short on AUD 50 pips plus ...later i need to recount the wave again :-) my crystall ball says open position, coz its d same as jus now... but EU looks abit different... my pen1s kecut d XD |
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Jan 10 2011, 10:54 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(low yat 82 @ Jan 10 2011, 10:44 PM) ROOFFLLLLLL...NICEEEEEE I saw in daily chart , EU can go for long , but i'm waiting for a good moment to enter the trade ... my crystall ball says open position, coz its d same as jus now... but EU looks abit different... my pen1s kecut d XDbut in H4 and H1 chart ..i saw uncertainty there ...need to wait abit more time before i decide to open trade long with EU |
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Jan 10 2011, 11:03 PM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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is it good to trade using wifi or wireless broadband
my streamyx is fxxking up big time...cant stand anymore,want to terminate |
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Jan 10 2011, 11:10 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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there's a colleague of mine , says
"if you are not dare to hold -500 pips on GJ monthly, never ever trade GJ even a single try" for me that's a real challenge , and until now GJ is our favourite pair to play with ... |
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Jan 10 2011, 11:25 PM
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Junior Member
121 posts Joined: Jan 2005
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QUOTE(kevler @ Jan 10 2011, 11:10 PM) there's a colleague of mine , says noob here just join hope you guys can guide me"if you are not dare to hold -500 pips on GJ monthly, never ever trade GJ even a single try" for me that's a real challenge , and until now GJ is our favourite pair to play with ... |
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Jan 10 2011, 11:33 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Jan 10 2011, 11:10 PM) there's a colleague of mine , says "if you are not dare to hold -500 pips on GJ monthly, never ever trade GJ even a single try" for me that's a real challenge , and until now GJ is our favourite pair to play with ... alot elliotians love this pair |
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Jan 11 2011, 07:50 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(kevler @ Jan 10 2011, 10:54 PM) I saw in daily chart , EU can go for long , but i'm waiting for a good moment to enter the trade ... IMO. my simple theory to go long with EU is just on the +ve divbut in H4 and H1 chart ..i saw uncertainty there ...need to wait abit more time before i decide to open trade long with EU Attached thumbnail(s) 
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Jan 11 2011, 08:03 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(mphpopular @ Jan 7 2011, 10:38 AM) I smell money. Chart different than usual one as I am not with my PC. This is where my money coming in today. Logic is the same where +ve div spotted which lead to indicated target. Similiar setup in AU This post has been edited by mphpopular: Jan 11 2011, 08:04 AM Attached thumbnail(s) 
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Jan 11 2011, 08:41 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(shajack @ Jan 10 2011, 11:03 PM) is it good to trade using wifi or wireless broadband rofl... most i guess people use screamxy.. u use wat package? IMHO, screamxy still is d best option if u compare it wit others wireless BBmy streamyx is fxxking up big time...cant stand anymore,want to terminate @mph d chart, m ok wit d 1 wit EU, but not AU. i can see EU got d classic MACD pattern. 3 valley wit each higher MA altough its makes new low in price chart wise. |
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Jan 11 2011, 09:26 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(low yat 82 @ Jan 11 2011, 08:41 AM) rofl... most i guess people use screamxy.. u use wat package? IMHO, screamxy still is d best option if u compare it wit others wireless BB AU hit my SL without FAIL..... @mph d chart, m ok wit d 1 wit EU, but not AU. i can see EU got d classic MACD pattern. 3 valley wit each higher MA altough its makes new low in price chart wise.  |
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Jan 11 2011, 09:37 AM
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Senior Member
597 posts Joined: Jan 2003 From: Kota Bharu
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trade GU with loss yesterday.. +80 pips ended with -30pips..greedy me..
but saw opportunity to sell again this morning @5570.. price @DP(5549) right now..let see how this goes.. G/L to everyone.. Cheers |
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Jan 11 2011, 09:43 AM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(luqmanz @ Jan 10 2011, 05:23 PM) GU tanked ... TP 5440 ... Reversed my GU trade last night .... TP hit at 1.5578. Gained 3.21% yesterday ... quite ok ... |
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Jan 11 2011, 09:51 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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still holding long UJ and GJ
yesterday some correction occurred last night but i'm still hold the -ve pips currently monitor the trend and momentum |
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Jan 11 2011, 11:17 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Jan 11 2011, 09:26 AM) AU hit my SL without FAIL..... awww.... IMHO, its better to trade those classic pattern.. d probility to forecast d correct way is higher..QUOTE(jigon @ Jan 11 2011, 09:37 AM) trade GU with loss yesterday.. +80 pips ended with -30pips..greedy me.. u sell i buy, i buy u sell XD but saw opportunity to sell again this morning @5570.. price @DP(5549) right now..let see how this goes.. G/L to everyone.. Cheers QUOTE(luqmanz @ Jan 11 2011, 09:43 AM) Reversed my GU trade last night .... TP hit at 1.5578. taiikoooo... lol.. good stuff. keep it comin more Gained 3.21% yesterday ... quite ok ... my crystal ball ask me open position for GU. but GU is 1 pain in d a$$. too love to test physology.. kuang kuang kuang~~!!! swinggg aaaaa |
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Jan 11 2011, 12:00 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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so far so good on UJ and GJ ...going north this morning and i'm still analyze the graph .
perhaps i could close the trade today and perform another trade on GJ/EJ/UJ |
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Jan 11 2011, 12:24 PM
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Senior Member
2,185 posts Joined: Oct 2005
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Today's target for GU is 5599 or 5493.
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Jan 11 2011, 12:46 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Jan 11 2011, 12:00 PM) so far so good on UJ and GJ ...going north this morning and i'm still analyze the graph . perhaps i could close the trade today and perform another trade on GJ/EJ/UJ my crystall ball ask me open position wit GJ n GU same direction... today no news ab GBP... but how come both in same 1...zzzz . guess 1 of them r fake..rofllll |
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Jan 11 2011, 02:21 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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tonight got FOMC again, NO TRADE
GU going sideway for 1week d, will short AU when pullback EU should start moving today |
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Jan 11 2011, 03:01 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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and i'm still hold the pips on UJ and GJ ..perhaps i will close UJ as the trend is no quite progressive as well as the chart . abit choppy and ranging
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Jan 11 2011, 04:59 PM
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Senior Member
4,081 posts Joined: Aug 2005
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I in silence mode.. * open position 3 hrs ago...
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Jan 11 2011, 05:00 PM
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Senior Member
2,185 posts Joined: Oct 2005
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Market is so slow ... its irritating ...
Added on January 11, 2011, 5:03 pmGU is trapped between Daily Open Price and Pivot Price ... Added on January 11, 2011, 5:28 pmIts start to move .. TP 5493 for now ... Added on January 11, 2011, 5:58 pm5514 now ... 20 pips to go ... go go go This post has been edited by luqmanz: Jan 11 2011, 05:58 PM |
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Jan 11 2011, 06:28 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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Wow Luqmanz, good trading this 2 weeks eh.. XD
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Jan 11 2011, 06:34 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Volatile369 @ Jan 11 2011, 06:28 PM) Wow Luqmanz, good trading this 2 weeks eh.. XD Dunno yet .. price seems like reversing ... if it fails to reach the TP, may have to reverse position later tonite ... |
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Jan 11 2011, 07:25 PM
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Senior Member
597 posts Joined: Jan 2003 From: Kota Bharu
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QUOTE(jigon @ Jan 11 2011, 09:37 AM) trade GU with loss yesterday.. +80 pips ended with -30pips..greedy me.. stopped at BE.. but saw opportunity to sell again this morning @5570.. price @DP(5549) right now..let see how this goes.. G/L to everyone.. Cheers not my kind of trade these past 2 days..calling it off for today.. G/L everyone Cheers |
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Jan 11 2011, 09:13 PM
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Senior Member
4,081 posts Joined: Aug 2005
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GU really really pain in d a$$... zzzzzzz .. i guess this month difficult to achieve 100% return... coz gonna b bz for this week n next week as well.. currently achieve 15% overall profit..........
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Jan 11 2011, 10:21 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(luqmanz @ Jan 11 2011, 06:34 PM) Dunno yet .. price seems like reversing ... if it fails to reach the TP, may have to reverse position later tonite ... Reversed my position. TP at 5599 got hit ... Gained 2.68% today ... not bad for a slow day ... Time to zzzzz |
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Jan 11 2011, 10:58 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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I have closed long trade with GJ and open another new long trade GJ
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Jan 11 2011, 11:17 PM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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UJ any1?
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Jan 12 2011, 12:01 AM
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Senior Member
1,732 posts Joined: Mar 2009
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QUOTE(shajack @ Jan 11 2011, 11:17 PM) UJ any1? Sell or Buy position? Current Buy at 83.45..UJ has surge for 70 pips since last night.. |
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Jan 12 2011, 05:48 AM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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day trader,buy
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Jan 12 2011, 09:06 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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9:30pm USD
Treasury Sec Geithner Speaks beware of sideway and whipsaws |
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Jan 12 2011, 10:01 AM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur
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QUOTE(AllnGap @ Jan 12 2011, 09:06 AM) 9:30pm USD or it can be just a dud Treasury Sec Geithner Speaks beware of sideway and whipsaws |
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Jan 12 2011, 11:34 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AllnGap @ Jan 12 2011, 09:06 AM) 9:30pm USD dats opportunity for tradin Treasury Sec Geithner Speaks beware of sideway and whipsaws too bad... now at setapak.. on d way to kuantan for meetings...roflll.. SWINGG AAA SWINGGGG |
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Jan 12 2011, 04:30 PM
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Senior Member
2,185 posts Joined: Oct 2005
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GU target for today ... 5707 or 5593
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Jan 12 2011, 04:34 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated
i'm already closed 2 trade on GJ and opened another 2 trade long with GJ testing EJ and EU long on daily chart . GJ still -ve but the momentum for bullish still there :-) |
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Jan 12 2011, 05:07 PM
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Senior Member
4,081 posts Joined: Aug 2005
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kuang kuang kuang~~~ this resort got full internet wifi XD
lookin at d chart, may consider open position for AU.. not sure yet coz mayb wanna spend time wit wife enjoy scenery here XD |
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Jan 12 2011, 05:45 PM
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Senior Member
1,732 posts Joined: Mar 2009
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GU on steroid just now..
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Jan 12 2011, 06:01 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(andrewckj @ Jan 12 2011, 05:45 PM) GU on steroid just now.. Yup .. and that is opportunity !!! Added on January 12, 2011, 6:16 pm QUOTE(luqmanz @ Jan 12 2011, 04:30 PM) GU target for today ... 5707 or 5593 Looking good ... GU on its way to 5593 .... Added on January 12, 2011, 7:18 pm QUOTE(luqmanz @ Jan 12 2011, 06:01 PM) Yup .. and that is opportunity !!! TP at 5593 got hit .... gained 2.82% today ... Added on January 12, 2011, 6:16 pm Looking good ... GU on its way to 5593 .... I'm done trading for today ... pheeww ... This post has been edited by luqmanz: Jan 12 2011, 07:18 PM |
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Jan 12 2011, 08:09 PM
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Junior Member
4 posts Joined: Sep 2010
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QUOTE(luqmanz @ Jan 12 2011, 07:01 PM) Yup .. and that is opportunity !!! so good info..thanks..Added on January 12, 2011, 6:16 pm Looking good ... GU on its way to 5593 .... Added on January 12, 2011, 7:18 pm TP at 5593 got hit .... gained 2.82% today ... I'm done trading for today ... pheeww ... |
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Jan 12 2011, 09:51 PM
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Junior Member
121 posts Joined: Jan 2005
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QUOTE(sukasukala @ Jan 12 2011, 08:09 PM) so good info..thanks.. hi noob here, just trade long on AU/USD.. so nervous man.. -Ve on first...wah so nervous man..lucky close on 15 pips.. |
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Jan 12 2011, 10:41 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(supar_depor @ Jan 12 2011, 09:51 PM) hi noob here, just trade long on AU/USD.. so nervous man.. -Ve on first...wah so nervous man.. surprise is on d way~~!!lucky close on 15 pips.. R U GUYS PREPARE FOR D SWINGER CLUB PARRTYYYYY?????!!!!~~~ |
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Jan 12 2011, 11:02 PM
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Junior Member
4 posts Joined: Sep 2010
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QUOTE(low yat 82 @ Jan 12 2011, 11:41 PM) surprise is on d way~~!! you`re right...R U GUYS PREPARE FOR D SWINGER CLUB PARRTYYYYY?????!!!!~~~ |
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Jan 12 2011, 11:25 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated ,
all long trade below has turned to green pips. GJ EJ EU |
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Jan 12 2011, 11:49 PM
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Senior Member
1,732 posts Joined: Mar 2009
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QUOTE(kevler @ Jan 12 2011, 11:25 PM) updated , Im Longing on EU!! GO GO EU!! Break the 1.3050 strong resistance and bring me to rocket!!all long trade below has turned to green pips. GJ EJ EU Added on January 12, 2011, 11:53 pmOMG GU on steroid! This post has been edited by andrewckj: Jan 12 2011, 11:53 PM |
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Jan 12 2011, 11:56 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(andrewckj @ Jan 12 2011, 11:49 PM) Im Longing on EU!! GO GO EU!! Break the 1.3050 strong resistance and bring me to rocket!! My target on EU = 1.3150Added on January 12, 2011, 11:53 pmOMG GU on steroid! |
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Jan 13 2011, 12:27 AM
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Senior Member
4,081 posts Joined: Aug 2005
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DO U GUYS SMELL WAT I COOKIN IM MY SWINGER CLUB'S KITCHENNN???!!!
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Jan 13 2011, 12:38 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated
I have closed all my trade on EU,EJ and GJ and open another long trade with the same pair above. keep continue observing the trend and waiting for next trade momentum |
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Jan 13 2011, 12:48 AM
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Junior Member
172 posts Joined: Oct 2007
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If $EURUSD breaks above 1.3070 (the 200-day SMA and today's high), it could be clear sailing to 1.32.
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Jan 13 2011, 01:28 AM
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Junior Member
491 posts Joined: Apr 2006 From: KL - KK
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QUOTE(low yat 82 @ Jan 13 2011, 12:27 AM) DO U GUYS SMELL WAT I COOKIN IM MY SWINGER CLUB'S KITCHENNN???!!! bro.. that "swinger club's" sound so wrong....  anyway.. That cable (GU) POP the roof... |
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Jan 13 2011, 01:38 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(low yat 82 @ Jan 11 2011, 09:13 PM) GU really really pain in d a$$... zzzzzzz .. i guess this month difficult to achieve 100% return... coz gonna b bz for this week n next week as well.. currently achieve 15% overall profit.......... profit jump up to 36%from 15%...lol... jus close on AU. still more up ward bias.. but i'll left some for those aimin higher Added on January 13, 2011, 2:00 am QUOTE(Sham903n @ Jan 13 2011, 01:28 AM) bro.. that "swinger club's" sound so wrong.... come join d swinger club.. hehehe.. anyway.. That cable (GU) POP the roof... This post has been edited by low yat 82: Jan 13 2011, 02:00 AM |
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Jan 13 2011, 02:30 AM
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Senior Member
1,732 posts Joined: Mar 2009
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USD weakened alot.. GU EU all steroid!!! Congrats on EU and GU long taker..for breaking the level of 1.5700 and 1.3100 resistance level!
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Jan 13 2011, 07:43 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(mphpopular @ Jan 12 2011, 11:56 PM) My target on EU = 1.3150 Done. Closed at 1.3130Attached thumbnail(s) 
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Jan 13 2011, 09:27 AM
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Senior Member
2,185 posts Joined: Oct 2005
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Yay good to see people are making money
Added on January 13, 2011, 9:32 amToday target for GU ... 5831 and 5633 ... This post has been edited by luqmanz: Jan 13 2011, 09:32 AM |
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Jan 13 2011, 10:27 AM
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Senior Member
4,081 posts Joined: Aug 2005
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my crystall ball advice me to look at UJ onli... d rest movement abit gila XD
AU is still ok ok though SWINGGGGGGG AAAAAAAA~~~ |
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Jan 13 2011, 11:01 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated
all open long trade yesterday has turned to green pips .. this morning minor correction on EU.EJ and GJ ...but momentum still bullish keep observing the trend and will closed if daily chart against me today :-) |
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Jan 13 2011, 02:34 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(low yat 82 @ Jan 13 2011, 10:27 AM) my crystall ball advice me to look at UJ onli... d rest movement abit gila XD I put my eyes on GOLD Silver for todayAU is still ok ok though SWINGGGGGGG AAAAAAAA~~~ |
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Jan 13 2011, 02:44 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(mphpopular @ Jan 13 2011, 02:34 PM) I put my eyes on GOLD Silver for today looking for LONG or SHORT ? |
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Jan 13 2011, 03:07 PM
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Junior Member
121 posts Joined: Jan 2005
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QUOTE(mphpopular @ Jan 13 2011, 02:34 PM) I put my eyes on GOLD Silver for today any new indication? |
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Jan 13 2011, 03:19 PM
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Junior Member
30 posts Joined: Mar 2008
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guys need help here.. for a mini account we only need 250usd?
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Jan 13 2011, 03:37 PM
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Junior Member
121 posts Joined: Jan 2005
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QUOTE(alanlwc @ Jan 13 2011, 03:19 PM) guys need help here.. for a mini account we only need 250usd? depends on the broker bro, sometimes as you can open as low as 1usd |
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Jan 13 2011, 03:39 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(alanlwc @ Jan 13 2011, 03:19 PM) guys need help here.. for a mini account we only need 250usd? For small capital .. I recommend opening a broker that offers 1 cent per pip account ...Added on January 13, 2011, 3:52 pm QUOTE(alanlwc @ Jan 13 2011, 03:19 PM) guys need help here.. for a mini account we only need 250usd? When you want to choose broker .. it's less important how much minimum capital they require ... most importantly is how small the position's pip valueallowed by the broker ... this is very important for good Money Management ... the smaller .. the better ... my broker allows 0.1 cent (not dollar) per pip positions .... This post has been edited by luqmanz: Jan 13 2011, 03:53 PM |
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Jan 13 2011, 04:16 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(alanlwc @ Jan 13 2011, 03:19 PM) guys need help here.. for a mini account we only need 250usd? mini acc usd250 also can??? last time my ODL need min usd 2k to open mini acc...zzzzzzz |
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Jan 13 2011, 04:37 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(low yat 82 @ Jan 13 2011, 04:16 PM) mini acc usd250 also can??? last time my ODL need min usd 2k to open mini acc...zzzzzzz You is big customer I start with USD 50 last timeAdded on January 13, 2011, 4:42 pm QUOTE(AllnGap @ Jan 13 2011, 02:44 PM) looking for LONG or SHORT ? QUOTE(supar_depor @ Jan 13 2011, 03:07 PM) any new indication? Stick to your own pair. Where you've build comfort zone on it. Don't simply trade on other pair. It will burn you. (Gentle Reminder)FYI, nowadays I don't trade GJ as I will stress up when I see the PIPS running up and down. It's just not for me SHORT i goes for. I'm not with my pc now. This chart captured weeks ago. Basically I target on the red dotted line indicated  This post has been edited by mphpopular: Jan 13 2011, 04:43 PM |
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Jan 13 2011, 04:50 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Jan 13 2011, 04:37 PM) » Click to show Spoiler - click again to hide... « usd 50??? d time i open acc, if not mistaken d smallest is mini acc... micro acc at dat time dun hav...rofl |
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Jan 13 2011, 05:20 PM
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Senior Member
2,185 posts Joined: Oct 2005
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So many news for GU today .... i loike !! ...
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Jan 13 2011, 06:19 PM
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Junior Member
4 posts Joined: Sep 2010
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i only start with usd20.....hehehehe..
modai x da.....hehehe |
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Jan 13 2011, 06:45 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated ,
still holding green pips EJ, and EU in bullish mode. Though i'm holding GJ in -ve pips below -10 red pips ..but the momentum for bull , still remains .. will update the next trade |
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Jan 13 2011, 06:55 PM
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Junior Member
121 posts Joined: Jan 2005
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QUOTE(kevler @ Jan 13 2011, 06:45 PM) updated , thanks man, btw which broker do you use?still holding green pips EJ, and EU in bullish mode. Though i'm holding GJ in -ve pips below -10 red pips ..but the momentum for bull , still remains .. will update the next trade Added on January 13, 2011, 6:58 pm QUOTE(sukasukala @ Jan 13 2011, 06:19 PM) i only start with usd20.....hehehehe.. so how long u have been trading? how was it.. good?modai x da.....hehehe This post has been edited by supar_depor: Jan 13 2011, 06:58 PM |
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Jan 13 2011, 07:06 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Jan 13 2011, 06:45 PM) updated , not sure ab u guys.. but today m still waitin UJ fr clearer sign...roffllllstill holding green pips EJ, and EU in bullish mode. Though i'm holding GJ in -ve pips below -10 red pips ..but the momentum for bull , still remains .. will update the next trade kuang kuang kuang... later wanna go hav BBQ seafood dinner |
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Jan 13 2011, 09:36 PM
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Junior Member
121 posts Joined: Jan 2005
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QUOTE(low yat 82 @ Jan 13 2011, 07:06 PM) not sure ab u guys.. but today m still waitin UJ fr clearer sign...roffllll gu now on steropid man.. kuang kuang kuang... later wanna go hav BBQ seafood dinner |
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Jan 13 2011, 11:09 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(luqmanz @ Jan 13 2011, 09:27 AM) Yay good to see people are making money TP at 5831 got hit. Gained 16.84% today.. yippeeAdded on January 13, 2011, 9:32 amToday target for GU ... 5831 and 5633 ... |
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Jan 13 2011, 11:27 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Jan 13 2011, 11:09 PM) TP at 5831 got hit. Gained 16.84% today.. yippee |
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Jan 13 2011, 11:50 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated ,
holding green pips on all pair below EU EJ GJ will close all the trade for this week and will study for next week :-) |
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Jan 14 2011, 12:14 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Jan 13 2011, 11:50 PM) updated , GOOODDD AAAA...HAHAHA..NICEholding green pips on all pair below EU EJ GJ will close all the trade for this week and will study for next week :-) no trade for me today.. roffflllll but vry eager to trade on friday. my traditionally losing day XD |
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Jan 14 2011, 01:34 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated
closed all green pips on EU , EJ and GJ ..and open long trade with EJ,EurAud, and GJ currently all -ve pips ...bullish momentum still persist . personally i have opened trade long on EurAud earlier , but i closed as i want to maintain my MM. then EurAud market bullish more than i expected .but it's fine ...i will keep study the market especially on daily chart and weekly i'm preferred not to trade UJ as the market is abit choppy and not good for me |
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Jan 14 2011, 09:47 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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becareful on AU and EU, should be heading south soon, these days the manipulation level is super high
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Jan 14 2011, 10:17 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(AllnGap @ Jan 14 2011, 09:47 AM) becareful on AU and EU, should be heading south soon, these days the manipulation level is super high I'm on AU short now, with small unit. Will adding on later |
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Jan 14 2011, 10:23 AM
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Senior Member
2,185 posts Joined: Oct 2005
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GU target for today .... 5880 and 5738 ..
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Jan 14 2011, 11:32 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(mphpopular @ Jan 14 2011, 10:17 AM) I'm on AU short now, with small unit. Will adding on later so how's the gold and silver ??******* yesterday i stayed up till 3AM for uncle's Ben's news, but i was too sleepy and went to bed d, missed out 100pips, should have been 170pips last night alone the price was dancing at the major trendline and dunt wanna break, but had to sleep d after i sleep only it break  |
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Jan 14 2011, 02:22 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(AllnGap @ Jan 14 2011, 11:32 AM) so how's the gold and silver ?? Holding short for both gold and silver.******* yesterday i stayed up till 3AM for uncle's Ben's news, but i was too sleepy and went to bed d, missed out 100pips, should have been 170pips last night alone the price was dancing at the major trendline and dunt wanna break, but had to sleep d after i sleep only it break Adding Info : Just saw Silver broke its 5min bear channel. Let's see can we get a NEW LOW before market closed for the week. Ignore the moving average, it's not my indicator. Just I'm not sure how to delete it. This post has been edited by mphpopular: Jan 14 2011, 03:14 PM Attached thumbnail(s) 
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Jan 14 2011, 03:00 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(luqmanz @ Jan 14 2011, 10:23 AM) GU target for today .... 5880 and 5738 .. Errr ... GF wanna go karaoke with me tonite ..So no trade for today.. even though I can smell opportunity to make another 2-4% at least ... LOL ...This post has been edited by luqmanz: Jan 14 2011, 03:01 PM |
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Jan 14 2011, 04:28 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(mphpopular @ Jan 14 2011, 02:22 PM) Holding short for both gold and silver. i look at the movement is like refusing to go down, both silver and gold, it looks like it's easier to go up than to come down hard Adding Info : Just saw Silver broke its 5min bear channel. Let's see can we get a NEW LOW before market closed for the week. Ignore the moving average, it's not my indicator. Just I'm not sure how to delete it. |
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Jan 14 2011, 04:50 PM
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Junior Member
22 posts Joined: Jun 2009 From: Penang
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QUOTE(luqmanz @ Jan 14 2011, 03:00 PM) Errr ... GF wanna go karaoke with me tonite .. seems like u did good trading there this month.. guess is one of ur lucky month? coz u return more than 10%.. XDSo no trade for today.. even though I can smell opportunity to make another 2-4% at least ... LOL ...This post has been edited by reenieshu: Jan 14 2011, 04:51 PM |
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Jan 14 2011, 04:59 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(reenieshu @ Jan 14 2011, 04:50 PM) seems like u did good trading there this month.. guess is one of ur lucky month? coz u return more than 10%.. XD Hehehe .... this month is very good ..... profit generated since Jan 4 is already 33% ...This post has been edited by luqmanz: Jan 14 2011, 05:16 PM |
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Jan 14 2011, 05:06 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(AllnGap @ Jan 14 2011, 04:28 PM) i look at the movement is like refusing to go down, both silver and gold, it looks like it's easier to go up than to come down hard Let's market decide. SL located at breakeven for gold silver AU. |
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Jan 14 2011, 05:57 PM
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Junior Member
121 posts Joined: Jan 2005
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QUOTE(mphpopular @ Jan 14 2011, 05:06 PM) Let's market decide. SL located at breakeven for gold silver AU. any indication on UJ? |
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Jan 14 2011, 06:06 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(mphpopular @ Jan 14 2011, 05:06 PM) Let's market decide. SL located at breakeven for gold silver AU. New intraday LOW for goldQUOTE(supar_depor @ Jan 14 2011, 05:57 PM) any indication on UJ? No idea. I only trade whenever I see signal. I didn't trade specific trade. For me now, no signal in UJ. So i dont touch it |
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Jan 14 2011, 06:20 PM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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QUOTE(supar_depor @ Jan 14 2011, 06:57 PM) any indication on UJ? missed d train up north |
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Jan 14 2011, 06:32 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(mphpopular @ Jan 14 2011, 06:06 PM) New intraday LOW for gold LOL, i managed to go in during the wedge break......now gold seemed more easy to trade loNo idea. I only trade whenever I see signal. I didn't trade specific trade. For me now, no signal in UJ. So i dont touch it |
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Jan 14 2011, 07:27 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated ,
green pips on EurAud and EJ , but still -ve on GJ approximately below -20 pips will close all trade with green pips and will study for next week trade :-) |
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Jan 14 2011, 09:10 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(luqmanz @ Jan 14 2011, 03:00 PM) Errr ... GF wanna go karaoke with me tonite .. takin a break can refresh mind.. dats how i console myself...wakaka... today i jus came bc from kuantan... next week another hectic week for me......So no trade for today.. even though I can smell opportunity to make another 2-4% at least ... LOL ... |
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Jan 14 2011, 09:21 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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Down 20% this week..
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Jan 14 2011, 09:49 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Volatile369 @ Jan 14 2011, 09:21 PM) Down 20% this week.. ? more than 5 times losses? |
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Jan 14 2011, 11:31 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated
+ve pips on EurAud but -ve on GJ and EJ , Will maintain trade on GJ and EJ ...and will close EurAud next week : start to trade for long on all pairs below ( as per weekly chart) , and i dont see any possibility for short trade as the graph already shows positive signal for me :-) EU EJ GU GJ happy trading guys |
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Jan 15 2011, 03:13 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(mphpopular @ Jan 14 2011, 06:06 PM) New intraday LOW for gold Closed my AU for 60pips. As I do not want to carry over the weekend. No idea. I only trade whenever I see signal. I didn't trade specific trade. For me now, no signal in UJ. So i dont touch it Attached thumbnail(s) 
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Jan 15 2011, 11:14 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kevler @ Jan 14 2011, 11:31 PM) updated updated , +ve pips on EurAud but -ve on GJ and EJ , Will maintain trade on GJ and EJ ...and will close EurAud next week : start to trade for long on all pairs below ( as per weekly chart) , and i dont see any possibility for short trade as the graph already shows positive signal for me :-) EU EJ GU GJ happy trading guys as i expected , all pairs above already +ve pips ...but GJ still -ve pips ...will update for next week trade...perhaps i will add more sequence trade for similar pairs above This post has been edited by kevler: Jan 15 2011, 11:15 AM |
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Jan 15 2011, 03:53 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(low yat 82 @ Jan 14 2011, 09:49 PM) ? more than 5 times losses? Haha yea 6 loss in a row.. |
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Jan 15 2011, 10:07 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Volatile369 @ Jan 15 2011, 03:53 PM) Haha yea 6 loss in a row.. oo...last time i suffer 10 times losses in a row. n its vry hard to take.. XD as long u able control ur emotion. u r good to go. OR a long break of forex will do u good |
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Jan 15 2011, 10:08 PM
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Junior Member
219 posts Joined: Dec 2009 From: penang
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QUOTE(low yat 82 @ Jan 15 2011, 10:07 PM) oo...last time i suffer 10 times losses in a row. n its vry hard to take.. XD as long u able control ur emotion. u r good to go. OR a long break of forex will do u good Haha sure man, thx for the encouragement.. |
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Jan 15 2011, 10:24 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Volatile369 @ Jan 15 2011, 10:08 PM) Haha sure man, thx for the encouragement.. no sweat. pray more to God as well. sometimes, u jus need d luck given by God in order to success... |
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Jan 16 2011, 11:44 AM
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Senior Member
772 posts Joined: Jan 2003 From: Labuan
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With the recent natural disaster and weak export, do you think AU will go south soon after staying north for so long?
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Jan 16 2011, 11:49 AM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(Assassin @ Jan 16 2011, 11:44 AM) With the recent natural disaster and weak export, do you think AU will go south soon after staying north for so long? In short term, it may get affected with several considerations:1. Short term inflation threat due to rising raw material price since low supply on daily necessity including cooking; i.e price for tomato spikes up 20%; potato & banana up 10% 2. Jobs for rebuilding Queensland - job demand up but labour supply low (unemployment rate is at roughly 5%), may trigger rise paycheck 3. Interrupted export - not enough to export especially mining export 4. Money to rebuild 5. GDP will be reduced by 0.3% from estimation 6. Central bank has a tough decision either to maintain current interest rate for rebuilding or to increase for taming inflation This post has been edited by David83: Jan 16 2011, 12:01 PM |
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Jan 17 2011, 08:17 AM
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Senior Member
4,081 posts Joined: Aug 2005
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morning~~~
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Jan 17 2011, 09:53 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Ohayou
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Jan 17 2011, 10:28 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(Assassin @ Jan 16 2011, 11:44 AM) With the recent natural disaster and weak export, do you think AU will go south soon after staying north for so long? from charts, it already break weekly uptrend, the 1.0200 price during December price is totally manipulation from my perspective.i've already started to short it....should be a big trend south since it break weekly trendline, if it breaks monthly....then wooohoooo |
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Jan 17 2011, 10:29 AM
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Senior Member
2,185 posts Joined: Oct 2005
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GU technicals are bad today .... no trade for today ...
What a boring day LOL .... Heads up ... NY is closed today .... I dont recommend any USD pair to be traded today ... This post has been edited by luqmanz: Jan 17 2011, 10:58 AM |
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Jan 17 2011, 10:38 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AllnGap @ Jan 17 2011, 10:28 AM) from charts, it already break weekly uptrend, the 1.0200 price during December price is totally manipulation from my perspective. i've already started to short it....should be a big trend south since it break weekly trendline, if it breaks monthly....then wooohoooo didnt really see d trendline. but my crystal ball says its time to open position. but d tricky part is, may need to hold for sometime..since not really free till this thursday.. i may skip this. anyway, IF there is full thrust in d opposite direction. i will open position but d blue trendline MUST hold at dat time.. this is to invite more people goin for d wrong direction XD so for now.... must holdd aaaa  
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Jan 17 2011, 11:04 AM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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 AU weekly chart.....expect a few hundred pips d somemore bearish divergence at the 2 peaks This post has been edited by AllnGap: Jan 17 2011, 11:05 AM |
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Jan 17 2011, 01:27 PM
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Senior Member
4,081 posts Joined: Aug 2005
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tioo...so fast breakk...rofl.. onli 1 up bar
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Jan 17 2011, 01:30 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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updated
today EU and GU going south , as market opening on Monday . still holding -ve pips on both pairs for GJ and EJ ..so far ok , gain +ve on GJ but small correction on EJ, thus i'm still holding -ve on this pair |
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Jan 17 2011, 02:29 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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QUOTE(kevler @ Jan 17 2011, 01:30 PM) updated EU should nose dive d.....triple top on daily chart...... GU just broke weekly chart, should look for LONG when got pullbacktoday EU and GU going south , as market opening on Monday . still holding -ve pips on both pairs for GJ and EJ ..so far ok , gain +ve on GJ but small correction on EJ, thus i'm still holding -ve on this pair |
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Jan 17 2011, 03:00 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(AllnGap @ Jan 17 2011, 02:29 PM) EU should nose dive d.....triple top on daily chart...... GU just broke weekly chart, should look for LONG when got pullback EU h1, classical H&S with target measured. It's bad I'm in meeting now. Can't TRADE Update: Manage to SHORT exactly on the pullback to the resistance line of H&S. It's works well. Now with SL +1 This post has been edited by mphpopular: Jan 17 2011, 04:14 PM |
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Jan 17 2011, 04:33 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(low yat 82 @ Jan 17 2011, 01:27 PM) tioo...so fast breakk...rofl.. onli 1 up bar since AU break d trendline. i took NU for trade instead. n went for LONG. profit increase to 45%.. rofl... anyway, still alot upside i can see, but i'll spare it for d late comer Added on January 17, 2011, 4:38 pmnow i dunno wanna short AU or not as its really scary when they go full upthrust XD This post has been edited by low yat 82: Jan 17 2011, 04:38 PM |
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Jan 17 2011, 06:20 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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closed EU @ 70pips, blardy AU reversed the short position
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Jan 17 2011, 07:36 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AllnGap @ Jan 17 2011, 06:20 PM) closed EU @ 70pips ,blardy AU reversed the short position |
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Jan 17 2011, 08:18 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(mphpopular @ Jan 17 2011, 03:00 PM) EU h1, classical H&S with target measured. It's bad I'm in meeting now. Can't TRADE Mine hit SL +1.... Update: Manage to SHORT exactly on the pullback to the resistance line of H&S. It's works well. Now with SL +1  |
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Jan 17 2011, 09:32 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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AU damn basket !!!!! how can you reversed 100pips so easily !!!!
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Jan 17 2011, 10:53 PM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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same ere...got nice profit from au,nu,gu n uj...then reversal...too bad
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