This is most unexpected to me. The whole night it didnt go up until I close my position take profit......then this morning.........

I was expecting a price correction 2pm-5pm to get another good long position b4 it go up again @ 7-12pm, but it didnt happen instead it start jumping during JPY market closing time 2-3pm.

Todays market is acting rather different from usual days.

Who is pushing EUR, I dont feel that comfortable to open another long position right now. Without any fundamental as backup & it go up like this. It is likely to crash anytime.

Next time I should open 2 positions and left one open overnight (my long Started @3214 and it close tooo low! @ 3240 resistant, wat a waste! 100pips!)


Update guys: Lets wait and see whats the outcome of CPI.

This post has been edited by billytong: Mar 16 2007, 08:19 PM

Instead of relying the those technical analysis, i think it is better the understand the currency pair behavior(Once u watch how the market move for sometime, u can pretty much guess where it will go), use the good old trendlines, support resistant, candlestick. These are proven to be more accurate.


EDIT: Update as at 8am. This is a pity, FOMC drive EUR/USD up 100 pips and thanks to my take profit. i took only 36pips 3340 resistant level while i sleeping. What a pity! Next time I might consider set my TP higher. Take profit feature, a good way of taking away your profit.

This post has been edited by billytong: Mar 22 2007, 08:11 AM

luqmanz, Oanda does not have trailing stop. I wasted 200 pips in 2 weeks.

I do move my stops to breakeven after >10 pips gain if I'm monitoring the index.

but u cant expect Billy to check forex 24/5? Dont you? Billy was in his nice bed last night 2am.

I'm more interested to know which broker he is using

I dont think 100K is enough. There are some brokers require 25K/50K for ex. like IB, duke

Each time I open a position, the margin required to hold the position is about 20% of my total Acc money. How about you guys?

Took ~37 pips on EUR/USD Shorts!. Happy Weekend

If u read the oanda forum under fxtrade section, the user also complain it.

I also experience it just now but then i got what I want.

Well, NFP is expected to be in favor of USD on this month. And the pair hit the 2yrs height. It would be illogical for it to break 3479 height again without any retracement.

and good money management.

If u look the past few months, the first week of this month is consider very low volatility. (For EUR/USD)

This post has been edited by billytong: Apr 10 2007, 09:41 PM

It is a good day for me today, manage to get 70 pips this morning from Eur/Jpy.

I had setup Long @ 3590s 3600s on Eur/Usd. Waiting for the move up above 3630s

Closed all my positions @ 366x.

I will go long on EUR/USD and take it to 3600s-3610s.

Have longed @ 30s

Recap @ 1.44am, I'm anticipating Eur/Usd going up above 3600s.

I remain long on Eur/usd.

While the Chf will remain a small downtrend. but I am not trading it atm.

Thinking to buy one @ bottom below 20xx after the downtrend.

This post has been edited by billytong: May 10 2007, 01:49 AM

Good job Hafifee, GU is about to go back up with EU.

Yes it is. Good job to those who long cable.

Next one will be Eur/Usd.