Can mahh.. no problem... but don't blame people if money lost

all the while i use EA to trade nia.. no need always monitor it

Okay... can get profit?
come share share... i test my minis account

sent me privately... c how it looks like

Can send me to also? I want see it diam diam.

if you guys got about 60-70 pips trade profit, will you close the order or just continue to ride the train?

How many pips you risk? This question shows that you don't plan your trade. If you plan your trade, you will know exactly when to exit.

You mean this eurusd recent short. I think you should wait for news or about near the news to close .
Usually after breakout at least 1 hour before it reverse back. 3 hour also can.

Usually about 30-40 pips.

Ya lo suddenly EU become liddat. I also

u long?

My pending didnt kick in. Miss the train

so will it be going down under to a rebound to its prior

Hi seniors, can i get some guidance regarding what determine good broker and guidance for entry into forex. I plan to set aside 100$ on some small trade account to learn and test out strategies before fully committing.

Pls PM if anyone feeling helpful. ty.

Like I always said, fundamentals first then fall back to technical when fundamentals are not moving correctly. Yesterday somebody said something and the EU fell 200 pips. It was not an announcement but enough to shake EU. These 3 comments enough to rattle EU:

1) deposit rate can in theory be even more negative (that means you have to pay interest to keep EU in banks)

2)ECB to front-load QE in May, June for seasonal reasons (Since summer is holiday period they'd do more QE in May/June)

3) will accelerate QE now before summer market lull (More QE in May/June before July summer holiday period)

So there you have it..

This post has been edited by sleepwalker: May 20 2015, 05:50 PM

Hello bro...

under no offense on this comment...

but how we know that after these comment and tricks in wording... that we know EU will move down ( bear) ??

i fail in economic bro.. hehe

even with u saying... pay interest for keeping EU in bank... not everyone understand the fundamental impact bro...

hehe

We all know news affect the direction of the currency. Some people like to call it good news (currency go up) or bad news (currency go down). Things like Employment, NFP, CPI, etc, etc (anything that has a fixed number to compare good or bad) are the simple ones to understand. Better number, better for the currency. I guess most people understand this.

Then there are the harder fundamentals to understand. The ones that you need to understand the impact to the currency. Lets investigate my points above.

1) Negative interest rates. We keep hearing interest rates all the time and most are positive. When a central bank raise interest rates, it's good for the currency because people have to buy the currency when they borrow from the bank. Imagine negative interest rates meaning people have to pay the bank to keep money there. Like what has happen to CHF. Even negative interest rates didn't stop people from buying the currency and keeping money there. Interest rates are so low now that there is a possibility that it can go negative and the comments mentioned that they were looking at it. So it spooked the EU currency.

2) QE. We all know what QE does to the currency. Central banks just print more money and each time they do it, it weakens the currency. EU is doing that now until September 2016 at the rate of 60 billion per month. However they mentioned that they will front load the QE in May and June due to the holiday season, meaning more than 60 billion will be done in these coming months.

3) Same points as above. QE being done earlier to avoid summer holiday period.

Interest rate;

In my opinion, increasing or lowering interest rate is an indicator to the current economic of particular country.
One of the function on interest rate increases is to curb high inflation. you have to do extra homework on interest rate & inflation...

Conclusion, if US increase its interest rate; it is a good sign that the economy is doing good thus increase the demand of usd and it stocks. Otherwise, decreasing interest rate will show the economy is having difficulty thus lowering rate will encourage borrowing, more money to spend and in theory will stimulate growth..

Close partial position to secure profits and let the remaining run

All this interest rates, news, etc. make my brain hurts and every time I tried to learn it, next thing I know I already fell asleep. A simple diagram could help I think, so far the explanation I found is walls of text, which then differs from person to person, which hurts my brain even more...

How does one gain an education? From books with walls of text.. not a simple diagram and forex is no different.