1 Lot:
standard acc - $100k
mini acc - $10k
micro acc - $1k

for leverage, use as low as possible.

how's everyone's trade on the first day?

hmm...dont think EU would reach 1.6000 soon. It's been speculative since April that EU will hit 1.6000, but highest at 17th April was 1.5983, where there's a sub-resistance at 1.5950 (100% retracement on 18th Apr's bear). If the price couldnt close above 1.5950 by today, most probably it's close lower (bear) tomorrow.

hmm..there're only a few pairs that could show good patterns for EW..but trading EW means longer swing, hence need more free margin

just now i tried to look at tick, and also the price spread. hmm...i dunno how far true is it, but it seems like when the spread is high, prices are going up, while spread is low, prices are going down. This might show the trigger point. Too bad there arent any records long enough to study this...

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Added on April 23, 2008, 12:03 ameventually EU broke through 1.6000. I think i really need more studies...lol...now i wondered why i spent 4 years studying engineering. i should have go for economics!!!

add: i'm starting to vomit blood of out smooking too much, think i'll call it a day...

This post has been edited by small-jeff: Apr 23 2008, 12:07 AM

yeah...false BO especially on consolidating prices...sometimes hit as high as 100 pips, kena most order positions (short) then those kena must forced to sell (if price going bull)... sigh...

hm...GU er...you might need to look at daily chart hor, it's been a downtrend. Strong resistance at 1.9950. 38.2% at 2.0002 and 61.8% at 1.9755. It might try the 61.8% support again.


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bro...i would really suggest you go www.babypips.com and read through their tutorial. then you'll have a good basic understanding of forex..

hmm..well..IMO..most expected that the price would just hit 1.6000, and so it did. So a lot of people are just selling it..

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Added on April 23, 2008, 9:53 pmops...it wasnt because of that

This post has been edited by small-jeff: Apr 23 2008, 09:53 PM

sigh...testing out new strategy...hope it works this time...

lowyat..why? sculping didnt work well for you?

sigh...recently feel weird ler. With the usd sudden rise (and previous sudden fall), kinda hard to tell where most prices are heading... Prices make u-turns too sudden...

hm..on EU, it was speculative that EU might rise further (after this bear) until ECB decided it has gone far enough and make a 25bp cut..

stupid GU...another freaking revesal...dunno whether i'm just that sway...hit entry point, then reverse all the way. If it's real money, i would have vomit blood to death...look at 8pm bar on 1H chart...anyone see why shouldnt i go short?

there are a few trading on live accounts...why?

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Added on April 26, 2008, 2:21 amdamn it...i forgot today is friday

This post has been edited by small-jeff: Apr 26 2008, 02:21 AM

aah...yes yes..it was less than 30 pips away from MA200. But the price eventually closed down to touch MA200 but it already hit my SL..but then, a hammer and shooting star formed after closing higher wide...later i adjusted the entry including spreads...seems better

pumping in money? going for longer swing?

not worried it'll make a u-turn on 204.xx?

anyone going short on EU? seems like it's going to continue it's bearish to 1.5500 then to 1.5400

This post has been edited by small-jeff: Apr 30 2008, 06:11 PM


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ooh? what news on UJ? does look like its still bullish...just a little resistance at 104.8x..

lol...GU is like bouncing within the rather narrow resistace and support..how was your trade last week anyway?

EU starting to go down...but bounced back at 1.550x...should be able to break through 1.5500 soon ba...what you guys think? hm..but GU still seems to be rather drifting..

lowyat...quite good ma...May is a good month

aah...just the first day...no worries..anyway..just curious..how do you define your support and resistance? trendlines and past OHLC?

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Added on May 1, 2008, 6:24 pmGU..looks like ready to crash down again..

This post has been edited by small-jeff: May 1 2008, 06:24 PM

har..careful le..even stochastic on 4H shows overbought..and RSI is not getting higher on previous fall..dunno la..lol

erm...may it be future stock or options...i would prefer forex. To me, stocks are just too easy to catch a "cold". Anyway, i'm still on the learning curve and i dont believe that in order to trade successfully, i need to spend thousands of dallors just to "know-how".