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Forex Trading Corner, Let's discuss forex strategy
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Quincy
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 Dec 3 2006, 05:16 PM
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QUOTE(luqmanz @ Dec 3 2006, 02:54 PM) Woot ... 22 pips is not bad at all. It's 5 min timeframe ... To anyone interested, Below.. I attached my Malay forex trading tutorial for beginners who got lost in the middle of various popular indicators. This is one of my fav method and it has no indicator. Just candlesticks and trendlines. Hope it can be useful to anyone out there. This tutorial is just about trading. No guide on installing Marketiva/Metatrader. That tutorial is ok, but not recommended for newbies. (should put there pls read babypips first  if u are newbie). the strategy supply and demand is almost like mouteki. |
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TSluqmanz
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Dec 3 2006, 07:09 PM
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QUOTE(Quincy @ Dec 3 2006, 05:16 PM) That tutorial is ok, but not recommended for newbies. (should put there pls read babypips first if u are newbie). the strategy supply and demand is almost like mouteki. If I remember correctly .. mouteki try to profit from trendline breakout. This one actually trying to make money as long as the trendline is not broken e.g current trend is going strong. There's no strategy for trendline breakout in this document ..  The idea is to help newbie make small but recurring profits in their trades (bullish reversal in a bullish trend happens frequently). IMO, that's the easiest place to make profit. This post has been edited by luqmanz: Dec 3 2006, 07:14 PM |
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Quincy
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Dec 3 2006, 08:10 PM
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QUOTE(luqmanz @ Dec 3 2006, 07:09 PM) If I remember correctly .. mouteki try to profit from trendline breakout. This one actually trying to make money as long as the trendline is not broken e.g current trend is going strong. There's no strategy for trendline breakout in this document .. The idea is to help newbie make small but recurring profits in their trades (bullish reversal in a bullish trend happens frequently). IMO, that's the easiest place to make profit. I never says that it is exactly as mouteki  Its just that the trendline, supply and demand concept are almost the same i think. Havent finish yet reading mouteki, just a quick review  |
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TSluqmanz
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Dec 3 2006, 10:03 PM
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QUOTE(Quincy @ Dec 3 2006, 08:10 PM) I never says that it is exactly as mouteki Its just that the trendline, supply and demand concept are almost the same i think. Havent finish yet reading mouteki, just a quick review Hehe copy that. I heard NFP is this week ? Gotta get ready for it. Gonna see alot of action. This post has been edited by luqmanz: Dec 3 2006, 10:04 PM |
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Quincy
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Dec 4 2006, 01:36 PM
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QUOTE(luqmanz @ Dec 3 2006, 11:29 AM) Potential Wolf Wave detected in AUD/USD 1H charts Let's see what's going to happen tomorow  Your WW failed to reach point 5.  Ive noticed if you draw trendline from line 2 to 4, and then compare with line 1-3, the 2 trendline (line 1-3 and 2-4) are not converge. What you draw is broadening line. Well broadening line do work, but the percentage are much lesser than converge line. |
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afif
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Dec 4 2006, 01:58 PM
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New Member
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Man, I wish I knew how to trade with foreign exchange. I just find it too damn complicated. Plus, if i am not mistaken you need a huge capital when you are dealing with foreign exchange and not to mention you have to be constantly aware of the political and economic condition of the currency that youare trading in.But then, it looks really interesting....
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TSluqmanz
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Dec 4 2006, 02:19 PM
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QUOTE(Quincy @ Dec 4 2006, 01:36 PM) Your WW failed to reach point 5. Ive noticed if you draw trendline from line 2 to 4, and then compare with line 1-3, the 2 trendline (line 1-3 and 2-4) are not converge. What you draw is broadening line. Well broadening line do work, but the percentage are much lesser than converge line. Ouch ... I see you are using interbankfx ... how's the quality of service ? ... what's the overnight interest policy ? |
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uniglo
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Dec 4 2006, 03:02 PM
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Interbank service is getting worse day by day. Heard rumours it is going to close down. Remember refco?  |
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Civil
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Dec 4 2006, 03:09 PM
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You know where can i try this forex trading thingy online.
I've downloaded a client from Marketiva but i wont connect.
Is there any other site?
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Quincy
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Dec 4 2006, 03:15 PM
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QUOTE(luqmanz @ Dec 4 2006, 02:19 PM) Ouch ... I see you are using interbankfx ... how's the quality of service ? ... what's the overnight interest policy ? Well first of all, im still using demo acc ( right now my exp is like 1 month+). So like i using meta4 client only. Dont know which meta4 broker is the best. So dont ask me about those stuff. Waiting like 1 or 2 month more then open live acc. Right now still learning, especially money management. Well if like using meta4 as chart analysis and indicator only but play at diffrent broker, i think EFX is ok (got lowest spread). but dont know the performance though. |
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uniglo
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Dec 4 2006, 03:25 PM
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QUOTE(Civil @ Dec 4 2006, 03:09 PM) You know where can i try this forex trading thingy online. I've downloaded a client from Marketiva but i wont connect. Is there any other site? Try NorthFinance |
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outsider
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Dec 4 2006, 03:32 PM
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actually what is forex???? is it gain the return from changing the currency when the value up n down?  |
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uniglo
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Dec 4 2006, 04:04 PM
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go to www.babypips.com and learn.
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Minimayo
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Dec 4 2006, 06:14 PM
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QUOTE(Quincy @ Dec 4 2006, 03:15 PM) Well first of all, im still using demo acc ( right now my exp is like 1 month+). So like i using meta4 client only. Dont know which meta4 broker is the best. So dont ask me about those stuff. Waiting like 1 or 2 month more then open live acc. Right now still learning, especially money management. Well if like using meta4 as chart analysis and indicator only but play at diffrent broker, i think EFX is ok (got lowest spread). but dont know the performance though. Lower spread broker is good for investors to scalp  |
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TSluqmanz
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Dec 4 2006, 11:15 PM
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Caught another Wolfe Wave today ... Timeframe 15 min. 41 pips only Attached thumbnail(s)
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Quincy
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Dec 5 2006, 11:05 PM
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QUOTE(luqmanz @ Dec 4 2006, 11:15 PM) Caught another Wolfe Wave today ... Timeframe 15 min. 41 pips only Nice. Got 2 WW again on GU tf m15. blue line 1st WW, red line 2nd WW. The 2nd WW from point 5 to EPA is very unstable. Im didnt open any position though, coz afraid of GU even when im using demo acc Currently right now im open sell at EURCHF at h1 tf and gain 47pips but still not reach EPA yet  This post has been edited by Quincy: Dec 5 2006, 11:06 PM Attached thumbnail(s)
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apengfx-
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Dec 6 2006, 10:58 AM
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damn..hardly got time to online...can only do swing trading when at university..  yesterday pay out:  GBP/CHF Sell @ 2.3609 TP : 2.3543 ( 88pips projection target) HIT!!!  SL: 2.3632 WW is on learning process.. mintak tunjuk ajar dari otai2  |
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apengfx-
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Dec 6 2006, 02:04 PM
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payout on the way: (215 pips projection)  GBP/JPY Sell @ 226.88 TP : 224.80 SL: 226.40 (40 pips profit lock) current profit @ 88 pips. happy trading |
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TSluqmanz
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Dec 6 2006, 02:56 PM
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Hafifee .. good job. Seems like Several currencies are going down. Seems like a ripe time to begin shorting. Trend lines are breaking down... |
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apengfx-
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Dec 6 2006, 03:21 PM
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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... yup..but major pair now is ranging market.. |
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