last NFP for this year. tuesday and wednesday all profit taking USD.. a money for christmas
expecting sideways until January 2015

got my USD30 from XM. want to try this broker. licensing and regulations look promising.
and the execution too. damn fast and no slippage
its good some brokers give no deposit bonus because we can test their LIVE platform before decide to deposit fund

look for entry at lower TF like 1h n 30m. follow daily trend

that's it. just dance with it

XM Real 5 server on and off few times

USD is catching up today after profit taking on tuesday and wednesday

already hit ur TP1

99.9% of them. and the ECN and STP is total lies
they shud admit they are offering CFD just like stock broker did

S&P500 index naik after sharp fall last week. Dollar also naik

u cannot handle volatility.. too much market noise
system with fixed SL cannot survive in ranging market

market farked me upside down this week. still managed to score few pips

still trend trading

u mean USD down?

stop loss or no stop loss its not important
u have to find edge in your system
if a system doesnt have the edge over market.. doesnt matter SL or no SL, trader will lose
SL = small bite like piranha.. in the end, MC
no SL = swallowed by shark.. in the end, MC also
a lot of trader use SL but still MC.. why?
must find the edge over market.. one thing is chart pattern and trend

i prefer hedging than SL
people will argue.. ahh.. u lose the spread.. u pay the spread double
but once u use SL.. u already accept the lose.. if u use hedge.. u still in the game.. u can decide to close the hedge later
in ranging market, ull likely hit SL maybe 10 times.. that will affect ur psychology
if u use 30-50 SL.. ull likely wipe out by market noise.. yes market noise.. its not changing direction/trend but market noise
its not worth it to lose money just because of market noise

there a lot of noise in support/resistance zone.. 50pips is still in the support/resistance zone
20-30 SL u most likely get faked out by market noise
big players always play around at SnR level to hunt ur SL, thats how they make money.. traders are too predictable (self-fulfilling prophecy they said)

i dont set TP or SL. normally i open positions on monday, hold my position and ride the trend and close on friday
sometimes hold it for a week or two.. whatever market give me for a week, i accept it.. wash, rinse and repeat.
if market change direction, i hedge it (ride the new trend). no SL
its more like "buy and hold" strategy in stock market. because i study and trade stock too

have you heard of swap-free account?

hold it.. u just lost the spread only

audnzd is good for trend trading.. not so much noise. but trend is shorter than US major
most important its trend well and less noise, because AUD and NZD are well-correlated

insert MACD 35,45,30 at Daily and u are ready to go. buy/sell at 0 but set TP dont wait until MACD become 0
or look for signal at lower TF (1hr, 30m)

im non-muslim. some brokers offer swap-free for islamic country. doesnt matter what religion as long as ur address in islamic country
or u can open acount under IB. its much easier they will setup swap-free acc for u eventhou u r non-muslim

fxprimus offer ard 5-7 pip spread for AUDNZD if im not mistaken
other brokers offer 15-25 pips.. thats as much as AUDNZD daily range

This post has been edited by highlowyat: Dec 22 2014, 05:24 PM

1) first. forex trading is a battle between two currency. u have to determine which currency will win and stay with their side.
EURUSD is a battle between EUR and USD. u must look at it as separate entity.. not 1 entity EURUSD
there are too many conflict of interest, one country wants their currency up and so does the other country
some party wants to bring EU down, meanwhile other party wants to bring EU up
thats where volatily come from.. a conflict of interest or battle between two nations
meanwhile in stock, everyone wants the stock to go up. no one wants stock to go down (unless when they are TP from short-selling)
stock priced at 1.00 this years will price at 100 the next 10 years
meanwhile, EU stay at level 1.2000 for 10 years.. because of conflict of interest that keep things in balance
there are no clear trend.. it will go up and down for another 10 years trust me.

2) second. the currency market are manipulated. yes.. there are accumulation, markup, distribution stage in forex by smart money (banks, hedge fund)
they lower the price, so traders will buy. this is simple law of demand and supply. they bring the market down at some "self-fulfilling prophecy" level
so the traders start buying "harga sudah murah, mari kita beli"
once they accumulate enough sell positions, they will move the market in their favor. they can do so, they have billions.
guess where bank A make profit.. definitely not from bank B.
traders loss is smart money gain.

This post has been edited by highlowyat: Dec 22 2014, 06:06 PM