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 Forex Trading Corner, Let's discuss forex strategy

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apengfx-
post Nov 29 2006, 05:05 PM

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QUOTE(billytong @ Nov 29 2006, 04:18 PM)
I have been watching EURO/USD jumping from 1.24 to 1.31,thats 700 pips jump...sheet sleep.gif cry.gif
*
hehe..yea..one forumer here post his open position that open for 6 month...1000+ pips for EUR/USD.. drool.gif
apengfx-
post Nov 29 2006, 06:01 PM

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QUOTE(billytong @ Nov 29 2006, 05:55 PM)
1000+ pips real or virtual? that is diff u know.  brows.gif
*
virtual..i know la the diff if using real or paper smile.gif

but imagine if that is real postion drool.gif


apengfx-
post Nov 29 2006, 06:12 PM

I'm a Master Trader.
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QUOTE(eddyann @ Nov 29 2006, 05:51 PM)
i wonder if GU hit 2.000 this year? those NFP (next friday) able to strengthen the dollar ka?
*
IMHO,
gu maybe going down after the krismas.. shocking.gif
need very strong news to bring down gu icon_question.gif
apengfx-
post Dec 2 2006, 11:56 AM

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going back to university for new sem... sad.gif
will miss the scalping moment cry.gif
apengfx-
post Dec 2 2006, 11:59 AM

I'm a Master Trader.
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QUOTE(szeto @ Dec 1 2006, 12:27 PM)
hay guys did u know this site,
come on try this .
its free.
also they will give u usd 5 for
you to start trading right after you
sing up.

click this banner.

<a href="http://www.marketiva.com/?gid=8686" target="marketiva">
  <object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000"
    codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,0,0"
    width="468" height="60" id="ENG_marketiva_flat_1">
      <param name="movie" value="ENG_marketiva_flat_1.swf?varGID=8686/>
      <param name="quality" value="best"/>
      <param name="wmode" value="transparent"/>
      <param name="bgcolor" value="#FFFFFF"/>
      <embed src="ENG_marketiva_flat_1.swf" quality="best" wmode="transparent" bgcolor="#FFFFFF"
        width="468" height="60" name="ENG_marketiva_flat_1" type="application/x-shockwave-flash"
        pluginspage="http://www.macromedia.com/go/getflashplayer">
      </embed>
  </object>
</a>
*
where the banner shocking.gif

hehe..
marketiva is like a "platform university" to me...trade with small amount of money...
after grade..use other broker..
still trade using marketiva because got live chat..can ask question there thumbup.gif
apengfx-
post Dec 6 2006, 10:58 AM

I'm a Master Trader.
******
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Joined: Jan 2003
From: Sniper Island is in your heart :)



damn..hardly got time to online...can only do swing trading when at university.. vmad.gif

yesterday pay out:

user posted image

GBP/CHF
Sell @ 2.3609
TP : 2.3543 ( 88pips projection target) HIT!!! rclxm9.gif rclxm9.gif
SL: 2.3632

WW is on learning process..
mintak tunjuk ajar dari otai2 notworthy.gif notworthy.gif
apengfx-
post Dec 6 2006, 02:04 PM

I'm a Master Trader.
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From: Sniper Island is in your heart :)



payout on the way: (215 pips projection)


user posted image

GBP/JPY
Sell @ 226.88
TP : 224.80
SL: 226.40 (40 pips profit lock)

current profit @ 88 pips.


happy trading
apengfx-
post Dec 6 2006, 03:21 PM

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From: Sniper Island is in your heart :)



QUOTE(luqmanz @ Dec 6 2006, 02:56 PM)
Hafifee .. good job. Seems like Several currencies are going down. Seems like a ripe time to begin shorting.
Trend lines are breaking down...  thumbup.gif
*
yup..but major pair now is ranging market..
apengfx-
post Dec 6 2006, 08:49 PM

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kalau boleh..
paste la hasil korang dapat dari WW..
sebagai pembakar semangat tok belajar teknin nie..hehe

apengfx-
post Dec 7 2006, 02:19 AM

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QUOTE(hamster9 @ Dec 6 2006, 09:27 PM)
Hi...can ask about the pic below...

when i click sell...the price went down..bla bla bla till it shows that my profit is 230.00, why is the below indicate my available margin as such and also my virtual trading value doesn't change?  blink.gif  blink.gif
*
1. the "order" tab is for monitor your order..
if you want to see ur pip..look at the "positions" tab..n u will see the profit or loss.

2. ur margin will not change until the current position is close.

3. dont trade using 100% of ur margin. shocking.gif ..
the max is 30% only...

money management is very important in forex... learn from now..if nor..u will end up like me..learn the hard way doh.gif

really enjoy looking more n more people joining forex laugh.gif icon_rolleyes.gif thumbup.gif




happy trading.
apengfx-
post Dec 7 2006, 04:47 PM

I'm a Master Trader.
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From: Sniper Island is in your heart :)



QUOTE(ThanatosSwiftfire @ Dec 7 2006, 10:52 AM)
5 pips. O_O

shiets.. lucky i'm not dealing with real money weih... usually makign only 4 pips lidat... mar rugi...

hahaha... nvm. anyway. started yesterday, thx to u all punya influence. whahahaha
*
when news time..lots of broker will increase their spread..
but Real Trader the only broker i found that the spread didnt change..but the spread on the cross pair is very high...8pips sweat.gif
apengfx-
post Dec 7 2006, 09:06 PM

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QUOTE(hamster9 @ Dec 7 2006, 07:02 PM)
Thanks... I've just found out about it that I need to go to the "positions" tab to close my trade. All these while I've been closing with selling or buying back  tongue.gif  A stupid mistake from a super noob  laugh.gif  Still learning.
*
everyone start with zero knowledge...
making mistake is part of learning process smile.gif

experience is the best teacher rclxm9.gif rclxm9.gif

happy trading. biggrin.gif
apengfx-
post Dec 8 2006, 11:20 AM

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QUOTE(ao_othman @ Dec 8 2006, 12:40 AM)
hi there, i am interested in forex and ive just started reading about. can any of you help me with what does this sentence mean?

The minimum fluctuation of an exchange rate is referred to as a "pip". For USD/JPY and EUR/JPY, a pip is equal to 0.01 and for the other exchange rates, a pip is equal to 0.0001.

thanks in advance
*
the changes of the last digit on the pair is pips..
USD/JPY , EUR/JPY , GPB/JPY the pair index is xxx.xx
other pair currency is x.xxx

for example..base on pic below laugh.gif (morning trade)

user posted image

i enter short sell on GBP/USD @ price 1.9638
then the price go down and reach my target @ 1.9614.
total pips = 24 pips.

*note: when u enter sell/short position, ur are making profit when the price go down, vice versa with long/buy.for example the red pips in the SS, price is increasing righ now smile.gif

happy trading



apengfx-
post Dec 8 2006, 11:23 AM

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QUOTE(anuarnor @ Dec 8 2006, 05:18 AM)
eg. USD/JPY = 123.45 or  EUR/USD = 6.7890

the last red digit is pip.

Well, at least I think so.
*
not the last digit is the pip... smile.gif
the changes of the digit = pips profit/loss


apengfx-
post Dec 8 2006, 11:30 AM

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QUOTE(Minimayo @ Dec 8 2006, 09:31 AM)
woohoo , tonight 9.30 NFP !! hope for the best  :cheers.gif:
*
some tips for trade NFP tonight...

NFP = non farm payroll
every first friday of the month.

this is the biggest impact news..movement can go up to 100+ pips in 30 minutes shocking.gif

there are 3 way to trade this news.


1. Hedging (berani mati @ kamikaze) notworthy.gif

10 minutes b4 news release:
-open buy n sell in instant execution/ market price order. TP 50pips SL 10pips.


2. Straddle (selamat sikit) flex.gif

10 minutes b4 news release:
- open pending order
"buy stop"+20pips from the current price TP 50pips SL 20 pips
"sell stop"-20pips from the current price TP 50pips SL 20 pips

3. stay away from market (lagi selamat dan akan di ikuti dengan sedikit penyesalan) rclxms.gif vmad.gif
10 minutes b4 news release:
- see the chart with full concentration n do nothing when watching pips flying away doh.gif tongue.gif

IMPORTANT:
Please follow money management rule. for your own good smile.gif

happy news trading..hehe

This post has been edited by hafifee: Dec 8 2006, 01:36 PM
apengfx-
post Dec 11 2006, 12:32 PM

I'm a Master Trader.
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QUOTE(hamster9 @ Dec 8 2006, 09:03 PM)
yes...unless u click at desk to trade using real moo-lah brows.gif  brows.gif

i wonder has anybody doubled up their live usd5 before?  notworthy.gif
*
i see one trader making 300usd from 5usd in 3 month..
he is using breakout system..n he prove it with his screen shot..

NFP trading result using straddle :
uptrend profit : 156pips
downtrend profit : 212pips
spike porfit : 46pips

makan besar bulan ni..hehe

thanks NFP rclxms.gif
apengfx-
post Dec 11 2006, 12:42 PM

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monday

GU will do some retract upward min 1.9653 max at 1.9685. this morning GU goes down just like my prediction..

there will be some retracment b4 projection 1.93xx,

long term target is 1.83xx

p/s -all of the information above is done using 110% of Technical Analysis.
News release can give some or lots of impact. enter the market at ur own risk
apengfx-
post Dec 13 2006, 01:16 PM

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QUOTE(hamster9 @ Dec 13 2006, 10:18 AM)
same here... I did not put the stop loss but I'd make sure it really goes my way just in case if I were to go againts the market by refering to monthly, weekly and daily charts.
*
learn to put stop loss..
not using stop loss is lack of discipline for trader.

right now u are trading using paper n only small amount of live money..
in the future u will start to trade using bigger lot..

when u are using real money..another factor n the hardest factor to handle will come in ur decision making:
"Emotion = greed + fear n ect"

even when u trade mini lot (10000 = 100usd for marketiva), when the market doesn't goes ur way, then only u will know " tinggi ke rendah langit". shocking.gif



just my friendly advice. smile.gif

happy trading smile.gif
apengfx-
post Dec 13 2006, 01:21 PM

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From: Sniper Island is in your heart :)



QUOTE(poyo @ Dec 13 2006, 12:57 PM)
Yep, the buying / selling page goes up.

Example, for EUR/USD, selling price is 1.3281, buying price is 1.3283.
Let's say I wanna sell,
Volume : how do I set this?
Stop Loss : ?
And the maximum deviation, pun confuse lah...
*
there are column to chose buy or sell...in ur case, take sell
marketiva 1usd = 100, if u want to trade 10usd = 1000.
stop loss: how much u are willing to loss ur money if the market doesn't go ur way.
max deviation : tak payah pike

maketiva spread is 3 for E/U..(if not mistake la..long time no trade at marketiva)

so..if u enter sell @ 1.3281.. actually ur position is place at 1.3278
apengfx-
post Dec 13 2006, 03:26 PM

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QUOTE(hamster9 @ Dec 13 2006, 03:06 PM)
maap la bang.  notworthy.gif  notworthy.gif

coz I look into the slower moving such as the 4 hours and weekly chart which indicates the vice versa. Maybe I a big risk taker but this happens to me many of time (doesn't mean others have to follow ok, dun blame me if anybody get burnt) that even I set the pips difference of 50 pips for stop loss, I would lose out. Coz there are several times that I end up nearly to 80 pips but the market start to change direction. Still such risk are taken into using virtual money only.
*
if u believe with ur analysis n u have strong believe that the market is with in ur analysis then put stoploss 50 - 100 pips..depend on how much u willing to burn ur money.

every trader have their own principle.

so..riki2 prinsip masing2 icon_rolleyes.gif

p/s - banyak dah orang lowyat.net stat menorex pokok forex nie..makin best la kite nye tread..karang leh mintak mod bukak satu subforum for forex..
banyak bende kite leh kongsi bersama smile.gif

happy trading

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