Forex Version XI, Foreign Exchange Market Discussion
Forex Version XI, Foreign Exchange Market Discussion
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Dec 26 2012, 10:34 PM
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#1
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Junior Member
142 posts Joined: Jul 2010 |
lol i didn't know that lowyat got forex thread,can i join you guys?i have been trading for 1 year now,basket trader
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Dec 28 2012, 06:34 PM
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#2
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Junior Member
142 posts Joined: Jul 2010 |
woah still got people trade this end of year eh...too risky
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Dec 28 2012, 06:47 PM
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#3
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Junior Member
142 posts Joined: Jul 2010 |
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Jan 18 2013, 03:08 PM
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#4
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(Shah.Legno @ Jan 18 2013, 11:36 AM) when i start as a newbie in trading...i like to do scalping... imo scalping is less stress,exhausted?forex is exhausted job really,no matter what kind of technique you use you still need to be in front of computer all day,except using EA of course,with scalping let say per day you manage to get 10-15 pips per trade = 3 trade average per day x 5 x 4 = 50 pip per week, 200 pip per month not bad at all..but.. when i realised be a scalper is quiet exhausted.... i change to swing trading... it's much better for me... you can choose, which skill u comfortable with... |
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Jan 18 2013, 03:43 PM
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#5
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(Shah.Legno @ Jan 18 2013, 03:37 PM) Yes..scalping..is totally make u exhausted, because your execution must be fast enough to take the advantage of the price. did you normally open order through chart?not using script based?example script that i use when i press alt+a for buy and alt+s for sell and alt+d to close all trade,i;ve been doing this for almost a year without any problem,what broker did you use anyway? ps;for swing trader must have alot of experience where to open and close order,otherwise your profit will turn to breakeven or even worse loss... This post has been edited by project68: Jan 18 2013, 03:46 PM |
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Jan 18 2013, 03:55 PM
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#6
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(AllnGap @ Jan 16 2013, 03:23 PM) i've used and tested so many indicators (sad to say about 1.5k+ indicators).....finally just use 1 indicator to check whether the trend is still intact or not. i've been using overbought/sold indicator for my scalping system and it works like a charm,obviously i didnt use only one indicator,there are several indicator to filter/confirmation all the overbought oversold indicator all throw out....... secret is to read the chart (Price Action) and catch the tail. By the time your indicator ask you to buy/sell i've already taken my profits |
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Jan 18 2013, 04:09 PM
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#7
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(Shah.Legno @ Jan 18 2013, 04:01 PM) Scalping is a technique that i use when i start trading as a beginner before, long time ago...so as a beginner at that time, i don't know how to use a script base order... good for you lol,but my brain can't process too much data especially when need to open many timeframe i'm more comfortable now with swing trading, because i make analysis at various timeframe from M15 to Monthly.. btw i using XE market & Ironfx.. im using exness btw could you upload screenshot of your trade history,just want to know how you trade swing This post has been edited by project68: Jan 18 2013, 04:11 PM |
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Jan 18 2013, 04:32 PM
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#8
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Junior Member
142 posts Joined: Jul 2010 |
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Jan 24 2013, 10:32 AM
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#9
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Junior Member
142 posts Joined: Jul 2010 |
this week eurusd keep ranging like a boss,im expecting big move today/tomorrow...
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Jan 24 2013, 10:55 AM
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#10
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Junior Member
142 posts Joined: Jul 2010 |
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Jan 24 2013, 11:16 AM
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#11
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(Shah.Legno @ Jan 24 2013, 11:11 AM) for me....in short term today it will bull up there first, then make a very longggg candle reversal pinbar spike! from my pov, reach 1.34 area first,then go down to 1.31 area,by the look of this week price action,most likely reversal spike will happen then after that it will go bearish, my prediction of price it will go, is until 1.3170 & change to uptrend back after that... this just only my prediction according to my technical analysis , not confirm yet.... |
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Jan 24 2013, 06:51 PM
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#12
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Junior Member
142 posts Joined: Jul 2010 |
another same shitty ranging day
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Jan 24 2013, 08:07 PM
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#13
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Junior Member
142 posts Joined: Jul 2010 |
this week 3 time 10 pips ranging,except we don't know where the price will go
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Jan 25 2013, 03:24 PM
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#14
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Junior Member
142 posts Joined: Jul 2010 |
just taking a nap for a while,wake up eurusd already spike,why good things have to be like this?
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Jan 27 2013, 11:49 AM
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#15
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(solstice818 @ Jan 27 2013, 12:40 AM) There is hidden bear div. A retrace might be on the card before further upmove. and 3480 is a strong resistance, Breaking that would see us at 3520 and breaking it again would land us at 3550/60/70 imo this week the price might not pass 3500 area,next week maybe now i feel regret abit didnt take long earlier,my system already give buy signal but 'some' pro trader at forexfactory keep saying the price never reach 3400 area,next time need to make decision by myself |
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Jan 28 2013, 09:49 AM
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#16
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(flipflap @ Jan 28 2013, 08:51 AM) Hi Project68, its alright,usually i didnt trust other people too,but since last week eurusd price action is really ****ed up,i didnt have the guts to take long order since im trading with live account Sorry, hope you don't mind me saying. I thnk you should start to learn to trust your own analysis. Its good to know how others analyse the market but its dangerous to rely on others. Instead, learn to make mistakes. Maybe demo trade them if you're not sure? anyway, just my 2 cents. ignore me if you think its irrelevant. |
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Jan 28 2013, 04:00 PM
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#17
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Junior Member
142 posts Joined: Jul 2010 |
close eu short,sked wan hold this long...will watch from behind
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Jan 29 2013, 11:02 AM
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#18
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(flipflap @ Jan 29 2013, 10:17 AM) haha.. I know how that feels, yen is equally screwed... I placed an order to go long on yen on the 9 Nov but messed up the trade by changing my stop, i still haven't found a good entry.. and well.. i guess I'm still kicking myself since then.. haha,i still need alot to learn...btw i just change my new strategy,trying at demo account atm...rules are rules.. such is the life of a trader i guess.. lol.. as for EU, price is very bullish at the moment, even the COT sentiment is changing, I'll need a technical set up to go long.. none for me yet.. sigh.. i've tried trade swing lately,i can't hold order too long(so stress just by looking at chart),right now my motto is set and forget scalp trade... sl 15 pips tp 10 pips... hope this will be my only and last strategy |
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Jan 29 2013, 01:47 PM
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#19
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Junior Member
142 posts Joined: Jul 2010 |
i think this week will be the same like last week,ranging till this thursday/friday before the 'real' move comes out,soooo yeah
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Jan 30 2013, 10:12 AM
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#20
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Junior Member
142 posts Joined: Jul 2010 |
QUOTE(flipflap @ Jan 30 2013, 09:07 AM) sounds contradicting tho? trying to swing but tp 10 pips? lols,tp 10 pips is for scalping mah i have a feeling this is not your last strategy.. lol.. last time i swing with 30-50 pips,got one time hit 90 pips something like that,but the pressure is too much for me,coz u know when you're in profit thinking that the price might go down and in the end you only end up with breakeven or maybe 5-10pips profit |
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