Gold chart updated with a doji formed at H4. Because H1 is bullish and H4 is bearish, thus unclear directions. Once price breaks red trendline, more bearish movement to be expected. If price breaks above kumo @ H4, expect bull to resume.

wschoo26, for more details on how i look at it, pls kindly head to www.ichimokuworld.com and read from first post. You will understand how i look at it. Also do not forget to download Gabor's free ebook on ichimoku trading system under publication > Ichimoku Beginner. It has all the basics you need to understand ichimoku. It requires a lot of chart screening to fully understand each component in more details.


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Aiya, where got ppl use robot before playing live?(Maybe got some la, maybe poks)
Usually is demo>live>robot.
Do your research on which broker to make account with. There are some info on brokers on the first few pages.
Things you must know about brokers is
1. Spread - Difference between buy/sell price. This is the comission broker makes
2. Speed - The lag between the time you click for order and the time your order is executed. Very important if you are a scrap trader.
3. Pairs - Some brokers like AvaTrader offers commodities and over a hundred different pairs of currency. HotForex only offer forex pairs. So if you want to trade gold, some offer gold but some do not.
4. Leverage - HotForex offers up to 1000x leverage. Leverage is like how many times more profit you can make. Beware, leverage could cause your account to go into -ve region.

Bout the time, I use Google sidebar. Then download OANDA FxMarketHours. So no matter where you are in the world, you can know what time it opens.

And please do your research before coming back. Sifu-sifu dont like if you come back empty handed. Worse is empty headed.

ahahahaha...
i trade manual man...
sorry to disappoint you...

** anyone traded the double top?? closed mine... seems like gonna go down more...

sleep sleep sleep... gonna be long drive this morning...
Selamat Hari Raya & Merdeka Day... i wish i can trade this holiday... but gonna go jalan jalan di kampung...
see you guys....

This post has been edited by poks: Aug 30 2011, 01:25 AM

Hmm... My suspicion is that Gold is in Harmonic price pattern now... Of coz, unbased suspicion. Hahaha
And of course, uptrend Elliot wave is over. Now going down, with a few abc correction. Now, Im going back to wrok...

This post has been edited by milkyboon: Aug 30 2011, 01:30 AM

Selamat Hari Raya to malay traders.............................. yeah esok raya....hahaha

This post has been edited by jebonen: Aug 30 2011, 02:24 AM

It does showing a bullish crab for the harmonic price pattern.
So its good signals for all =)

Still cannot trade... Self promise not to trade until I finish my forex studies~~

What demo accounts are good. I registered for Oanda demo account but I read it sucks for those on trading live. I prefer one where I can go live with the same broker providing me the demo account.

I recommend Avatrader for Demo account since you can learn a lot from it. AvaMetatrader4 for Live account as it has more tools and pairs. If you want strictly for Forex pairs then use HotForex or Instatrader as they have one of the lowest spread.

Dont understand what I said?(or typed literally) reread them~

Ahh... This world is filled with young boys wanting to get rich quick but never want to do any work~~
If I sell u get-rich-quick scheme u wan o nt?

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Added on August 30, 2011, 9:00 amAnyone got any idea where to get this chart? Its the Commitment of traders chart.

http://www.babypips.com/school/images/fres...eur-globex4.png

It came from
http://www.babypips.com/school/the-cot-trading-strategy.html

Ahh.. wait I found it...

This post has been edited by milkyboon: Aug 30 2011, 09:58 AM

Gold chart updated. The more in dance in the kumo, the sentiment will slowly turn into bearish songs.

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Added on August 30, 2011, 12:18 pmIn a few weeks time, i will be in KL for business related. At the same time, i was thinking to organise a simple gathering where we can discuss on fundamentals (which i am weak at), technical analysis, or trading systems. I do not mind sharing how ichimoku works if anyone is interested. Preferable, 5-8 ppl only. Else become pasar malam, haha!

This post has been edited by Quinn: Aug 30 2011, 12:18 PM


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can newbies join?

HotFX and Instatrader offers LOW SPREADS?

How low we talking?

And another point, when recommending brokers, are those brokers regulated? Brokers can just dash of with your money. Never forget that. You could make a million bucks but what use it is if your broker doesnt give you the money?

Thanks for the tips ..appreciate it

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Added on August 30, 2011, 6:07 pmu r newbie only? I am burnout trader, much worse than u...
If thomas and poks join, they will add more value to the gathering.
Good for Quinn to organise such gathering. At least we get to know each other closer and have a common interest.
But dont know the date and time exactly yet cos I think many of us have their own daily commitment.

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Added on August 30, 2011, 6:09 pmBoss, what brokers u r using? Pls let us know

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Added on August 30, 2011, 6:13 pmI just Boomb one account with one robot with martingale inside....
But still no give up,,,still searching


This post has been edited by wschoo26: Aug 30 2011, 06:13 PM

Thats what I heard la.

But yeah, have to check if brokers are regulated. For safety precautions. Nobody likes their money taken away.
There should be a link earlier in this thread for regulated brokers.

Yes definately. Don't forget the basics is still the most important thing in trading. Thus we can always talk about basics

Hi traders, i wonder u guys notice about this? Check this out, FPA had make a statement that claim Instaforex.com is a scam broker. Any idea?

FPA review (instaforex.com)


And this is what Instaforex.com talks and tells about FPA about their report.

Statement against FPA

This post has been edited by NinjaAss@ssin: Aug 31 2011, 12:40 AM

Ohh... Forex Peace Army.
Dont worry, InstaForex is not the only that was attacked by FPA. Even Avatrader got shot a few years ago.
IMO, FPA is more like a group of dissatisfied customer, blaming every broker just because their trade was executed 0.5 seconds late. I may be wrong, but I do not trust FPA. Try other forums for more confirmations.

Merdeka...!! 2:00am USD
FOMC Meeting Minutes!!!!! short 50p... long 30p...hahaha... script entry..

So where's our star trader? he shud be earning 128k by now n celebrating his merdeka day..

Can anyone suggest a good place to learn how to trade in forex? I am interested in a guided training course and not some website that you can find online.

Is this a good place to learn?

http://www.srdcglobal.com/