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.

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.

waiting for london rush? hi hi hi.

i think GU on daily chart is bullish, but is declining on the resistance. might want to rebuy on support. but 1H, it's definitely bearish. you can see the last swing high failed to take the previous high, and hitting resistance twice. quiet obvious. AU also on similar situation. but EU is still bullish on H1 lol.

oh just noticed GU has support on 5928. probably another resistance challenge, wait n see where it goes.

6010 is huge resistance though. can see price challenge many time, either failed or false breakout. very strong, but once broken, will fly high. it's time to watch price action. and it's even forming ascending triangle.

zzz, eu are crazy today. many long bar.

damn, anyone using instaforex experience downtime around 5.30? last 2 days also no connection for a moment around same time.

edit: restarted mt4 also no effect. zzz. going to restart my pc.

This post has been edited by scar_face008: Jan 27 2011, 05:48 PM

agh still can't connect. and right after i open position. zzz. lucky i set stop loss.

hey hey, anyone has experience topup account using CIMB clicks TT?

auwww, EU and GU has failed me. bye.

i think what he mean is daily pivot. that's why you use Daily Candle. if you want to plot weekly pivot, use weekly candle. if you're super scalping 1M, and want to plot hourly pivot, you use 1H candle data to calculate the pivot.

minimal? like -5000$.

anyone using InstaFX know if it's possible to change server without re-registering? i'm experiencing frequent 'No Connection' problem. am currently in USA server.

note: today m30 EU chart.

not really a range breakout, cause it's more like a triangle, but still an example of breakout.

A: few failed support break attempts. not really a false breakout, since the candle didn't close below.
B: finally broke resistance. GU also jump few pips at the same time.

if you didn't open long trade on breakout, might want to wait rechallenge of resistance line, if there's pullback.

edit: corrected sentence.

This post has been edited by scar_face008: Mar 31 2011, 02:16 AM

[rumor]
lol, i just read a rumors saying ECB will rise interest rate next week. about time to break 4500 isn't it.
[/rumor]

just a friendly reminder:
it's the end of the month, and the 1st quarter of the year. be careful of liquidation.

This post has been edited by scar_face008: Mar 31 2011, 09:15 PM

can't really measure with absolute resistance, since it hasn't gone that high in a long time. possible target is variable resistance like bollinger upper band, daily/weekly s/r level, fibo extension, round numbers, etc. might want to cover position at these level if there's reversal sign.

what they mean is, if the support or resistance (neckline) is broken, it is more than likely the price will continue in that aprticular direction.

in double top case, imagine the top as resistance, and the neckline as support. if say, support is broken, price will likely continue to drop. so it's safe to open position when we confirm the support is broken.

as a matter of fact, if you get a doji/pinbar/shooting star anywhere near the top resistance, you can open short position immediately and get a tight stop. if you need more confirmation, wait till price drop more, and start to reverse before you go short. the example given by babypips are one of the most conservative method (capital preservation first).

i'm upward bias on EU and EJ. though if EJ rebounce at resistance, i'll look for short opportunity.


anyone have instaforex debit card? can you use it to verify paypal account?

This post has been edited by scar_face008: Jun 27 2011, 08:56 PM

not very nice 1. i only put pending long on EU. and now i just come back, EJ already gone