Well, looks like 99% of the folks in here are in trouble with the law then by trading forex.

So you belong to the 99% or the 1%?

swissquote.ch quite okay. spread doesn't widen by much even during high periods of volatility (anncmts, etc)



also, thr's no 'minimum' (like price must be at least 15 pips away kinda nonsense) required for pending orders.

so they're very good for scalpers too.

EU losing momentum. y not try to catch a better EP London session 2molo, hmmmm........

You pay me la! You pay me i teach u! Wakakakaka!

Some serious advice though, apart from possessing a solid method, u must observe the market enough.

Sit there & watch, watch, watch, watch & watch some more. That's how you develop a feel for the market.

Pick a pair, or a few fav pairs. Make them your pet pairs.

Watch how it moves, when it moves, how fast it moves. When it takes a rest (consolidation & exhaustion). Identify problem areas (where price is likely to stall or might even reverse on you). How it reacts to anncmts. How they move in tandem (or otherwise) with its crosses. Then you will be able to judge momentum & exploit certain weaknesses for a specific time window. Remember me telling u about watching the USD/CHF too if u trade the EUR/USD to check for negative correlation some times?

Also, YEN crosses are a joy to trade.

Don't get fixated on a particular time-frame. Use multiple time-frame switching. See the forest from the trees. Traders react. You must recognize trend changes quickly or u will keep dropping money. The forex mkt moves very fast.

There is no substitute for experience in the mkts. You watch more you pick up faster. Don't get frustrated.



Brexit vote 23rd June. EU referendum. Some talking heads are expecting a ~20% drop on the GBP crosses.

It would b interesting to see whr the cable goes as the 2008 lows = 1.34xx . Prior to that, 2001 lows = 1.38xx

We are only at 1.44xx today.

Whatever it is, just make sure SLs are in place for the nxt 6 wks whn trading the GBP pairs.

We don't wan any blown a/cs, do we?

As it is, the GBP crosses are already reacting. GBP trending during Asian session today. Now that is highly unusual

wei solstice,

i'll b playin @ the New Camp tonight @ 9:30. Padang A. Just drop by lar if u r free

Then its gonna be SNB & FXCM all over again

if its a FLASH CRASH like wat SNB did, whr the liquidity providers pulled out on the mkt makers, then mayb.

otherwise it wil b a gradual thing.

i witnessed sub-prime ~1000 pips drop on 1 of the pairs. forgot which one. too long ago.

even then, it fell over a period of ~15 hours. it unwinded throughout the whole night ( U.S. session ).

i was wide awake at 5 a.m. watching a trend that had no end



This post has been edited by Mr. WongSF: May 17 2016, 05:12 PM

hello my fren,

i dun pretend to knw wat this is all about. i'm also stil reading up. unker just got bits & pieces, here & thr really .

apparently they wil b voting on a number of issues hor!

we'll just have to keep an eye on the charts as volatility is most likely to increase the nearer we get to tat date.

ur avatar reminds me of this broker :



LMAO

its beyond me why the owners would name it as such. wonder if *ahem* nvm.......dun wanna racing in here

dunno. i just saw their side banner ad in ff. the piggy so cuteeeeeeee

the reviews at fpa say got hanky-panky. NZ broker since 2009.





on another note, i clicked my 'market' tab on my platform can see so many EAs for purchase



wow! got 1 selling for 30k man!

wonder how much is the broker's cut for promoting these on their MT4 platform

news effect was over 2 hourly bars back hor!

this wasn't USD related. & thr wasn't a spike on the EUR/USD. its just normal movement.

this was strictly a GBP related movement only. go look @ ur GBP/CHF & GBP/JPY charts. same thing as the cable.

something to do with polls.

"1127 GMT GBP/USD continues to spike higher, hitting a 12-day high in the wake of a poll by Ipsos Mori pointing to substantial U.K. support for remaining in the EU ahead of the referendum on June 23. Having traded lower for most of the day against a broadly firmer dollar, sterling trades up 0.5% to hit a peak of $1.4537 after the poll showed 55% would vote to remain against 37% to leave. This leaves potential for a test of the high hit on May 6 of $1.4542 and the May 4 high around $1.4574. Sterling also posts strong gains against the euro"

nice bounces here Andrew......BOING! BOING! BOING!

eerrmmm....sori, i dun trade just using trend lines as a stand alone. its just 1 of the many tools in my arsenal.

its just something i keep a lookout for. a heads up.

i notice ur posts are all pretty condescending. u knw....like, " huh! u r stupid. i'm smarter than u ".

no wonder folks here either keep silent or refuse to posts any charts or whatever.

its ppl wif a mentality like yours tat prevent others frm learning.

good day