haha couldn't agree more~
I pay my learning fee to the market. The market teach me back.
Never join classes, market itself is the market.

Patience, Consistency, Attitude.

Not bad broker. No issues with it.
(But I'm currently not using because fund in another broker haha)

hi sifu, just read your post now. Today got sick badly


If I look at H4 AUDCAD, I can see double top pattern if forming which usually indicates bearish continuation.

But I also found hidden bullish divergence between price action and RSI in H4 chart.

And using daily as a variable for my pivot point, I can see price action was testing M2 level which was tested too before.


I would have sell at first (due to double top pattern), and put a pending hedge( buy stop) scalping (aim small pips) from the possible fakeouts.

also look out for the possible retracement comes much later on H4 by using fibonacci retracement.


Kindly correct me if anything wrong. thanks

AFAIK ! FX United more into Affiliate and MLM scheme abang !

The market.... still the best teacher of all

Anyway... a lot of good entries around 8+pm just now...
News came... good move... looking at continuation of move...

Busy day, didn't manage to catch any trade.
but got 1 fish swimming from morning.

Closed some, let some swim...

No one is wrong in forex. Everyone have their own opinion.
I hope you have entry in AUDCAD.

now is a good time to enter

long EU EN

and short GJ NJ

some good morning reading: http://www.fxstreet.com/education/forex-ba...asy/2013/12/05/

my darling nzdusd is bleeding... must be at continuation.. need to look at reaction on 7805

short NJ can cover and buy back at 84.00 now.

Any particular reasons to cover?

I have a few accounts with different broker but the best is http://www.fxprimus.com .. They offer very good spread. Most of them are in range of 1-3 pips. Very2 low compare to FXCM UK and instaforex.

FXCM US is second best but problem is leverage is too small 50:1. You need at least USD30 or so for small lot (1 pip = 0.10). That is not good for someone with low capital.

Instaforex is high spread. Very high and not recommended. But the best thing is they offer more options to trade such as corn, wheat, soybean, etc. If you into these, you can get insta. For forex and gold/silver, the best spread + leverage definitely http:://www.fxprimus.com ..

profit taking, risk management, volatility decreased, etc.

Spread example.

1st Picture: http://www.fxprimus.com
Very low spread. EU spread is very very low, 1 pip most of the time. Japanese pair is about 3 pips. This is my main account. No nonsense rule especially for scalping.

2nd Picture: http://www.fxcm.co.uk
This is 5 decimal account. If you see, 41, it means 4.1 pips. So so in spread but low leverage. I mainly trade gold on this account.

3rd Picture: http://instaforex.com
The only good thing about this broker is they offer wide options of trading but spread is the worst. Japanese pair such as NZD/JPY, AUD/JPY, etc to a whopping 10 pips in spread. That's crazy. I don't trade forex on this account. Mainly for wheat, cocoa, soybean, etc.

This post has been edited by Seng_Kiat: Oct 23 2014, 10:58 AM


Attached thumbnail(s)

my target in short term is 1.2740

wow this site have been so interesting lately...

Good. Youre being very helpful !

I'm using fxcm for number of years already.
I can say the spread is ok if you're not scalping.
But then again, it's listed in nyse and i can say my $$$$ is secure

looking usdcad @1225

This post has been edited by poks: Oct 23 2014, 01:34 PM

What I can say about broker ? Hmm. Check first, before joining them. Best of luck to new trader
And, here's the new rule for FXRanex.

p/s : I know, i know !


This post has been edited by demolationz: Oct 23 2014, 01:52 PM

any tips for scalper?any indicator suitable for scalper?