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?

Normally how long keep your position? how your risk and reward ratios?

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 

Thanks luqmanz, is that your thread?actually occasionally i silent reader there   
i used to be active in BJ learning TA from Goldfinger 

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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 

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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) 

@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

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.

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

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

does it look something like this ?
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

as usual. normal lo..lol.. rested 2 weeks due to huge losses. XD

hi luqmanz..does the currency meter free? how to get it?

sorry noob question. Can i invest in forex just by buying and selling money at the money changer?

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..

Oh, so in ur opinion, if worst comes to worst, we still can trade currencies in the future eh?

looks like a demo with EA to me. btw, what's ur opinion on GJ today?

http://soon88.mt4live.com/
check this out.

bye bye GU n GJ. movin without me 

waa... u already ride it? nice   

IMHO shud b no prob. 1.55684 is d 1st pivot resistance.

London Market open in 20 min ... will it hit 1.5475 (S1) or 1.5649 (yesterday high) ...

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Added on January 5, 2011, 3:58 pmok nice .. I hope it will hit my TP @ 1.5649 (yesterday high)

I hope it will bounce off the day open price and go higher LOL ....

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 ...