haha..the more books i read..and the more strategies i tried..the more i found most indicators being useless. The best is still down to basic

lowyat..i found the ODL platform somehow very tedious ler...cannot freely zoom in/out of chart..cannot place entry order on chart..no crosshair also... dunno why fxcm doesnt include volume...

oh? ODL has a mobile platform?

hm..both EU and usd/cad on a weekly chart seems like it's at the end on the triangle..seems like breaking out with a bullish though..

what do you guys see?

Hi i am kinda new to forex been reading the site you guys recommend. I tried for 2-3 days so is this good ..
Thxs for the help, sorry if too noob

Is this good or bad?

how am i doing here? give some commen

[attachmentid=445276]

is it i am earning cash 3k plus?

well the other amount i still not too sure those with negetive one. even i set my selling price higher then my buying price why i still in loss?

no lah this is my first time trying only on demo. i just simply click and loking at the graf up and down then only buy.
so many thing thing still not sure.

yes, you're profitting with 3k+...but...that broker gave you a $5mil demo account...lol...something would be dead wrong if you get margin call...

it's mid of the week...how's everyone's trading? dunno why...i couldnt log into fxcm...

$50. If you open a micro account, meaning 1 micro lot = $1k, where 1 pip = $0.10. Considering you're opening only one position, and the margin is taken at 5%, or $2.50, you are left with $47.50. On this open position, you can lose up to 475 pips before you get a margin call. Once you got a margin call, your position will be close, and your account balance will be left with only $2.50.
on one micro lot, 1 pip = $0.10
on two micro lot, 1 pip = $0.20...and so on.

@lowyat:
gain back your capital already ar?  what position you left open? yesterday i saw, the rollover fee is quite high...GJ got up to $7.xx for rollover

aiks...thought you had a mobile platform with you? how badly was it?

i am currently playing a demo account with GBPJPY and i had left there for 3 days and guess what it had up by 3 time of amount. from 1k plus now already 10k plrofit.....don't know weather still can go up further a not.

hm..i dont really know the names of the theories, but is it something like what i attached?

The chart is a daily chart.
A - Prices have been rallied for few days, and unable to close to higher high. Though the high did manage to break higher, but was pulled back to close lower. A spinning top was form. (bearish)

B - Similarly, prices couldnt close higher. Closing price of previous day is the resistant of the next day. Do notice that price did fluctuate at lower. Hammer and shooting star were formed.

Same goes with C, D, E, F. E and F are where i like to scalp. Huge spinning top close higher on E.

H and I. Usually i'll wait for the candlestick to close, then trade on the next candle. I.e, the spinning top right after H, go long.

P/S, i only scalp 10 pips every 1H to 4H (usually open/close within 2H), so i only look at the next candlestick.

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Added on April 19, 2008, 2:15 pmoooh..just googled and found out..for that pattern, usually it's accompanied by very strong up/down trend. Most appearing on daily/weekly charts. But that's not the safest way to enter position, IMHO. Usually i dont try to find pattern, but to read candlestick one by one. Pattern got too many false breakouts ler..

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Added on April 19, 2008, 2:30 pmJust to add a little, best to look at Fibonacci as well.

ya lar..i only wanna scalp 10 pips nia, if follow pattern kena false BO, lose 50-100 pips...or takes few days to retrace back, rollover fees also made my profit become -ve le...

you mean charts like this ya?



but if you look at the candlestick, also can tell selling is weak ba..

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Added on April 19, 2008, 3:45 pmaiks..i think i got it wrong again...but it does looked like "bullish flag"

hahaha...then you might be interested in getting books on Fibonacci, Gann, and Pivot Points as well le..

Try "Fibonacci and Gann Applications in Financial Markets" by George A. Maclean.

no lar..dont read directly from books by Gann, those very old books le most very diff to apply to modern market. They also wrote some between EW and Fibo..havent done reading though

Pivot Points ar..hm..i only use them when there's a very wide bar.

yeah...WD Gann...used $300 and $150 to profit $30000 and $12000 in less than 3 months and 1 month respectively...

If Fibonacci was still alive, wonder if he'll trade the market as well? 

lalallala~~..loss usd50..zzzzz....what in the world happen to me....???

balance = 50 usd
floating = -33 usd
free margin = 17 usd

wah..but that book quite expensive wor...got ebook ar? better to refine your trading method ba? if everytime lost, change strategy, seems kinda hard to master it...

bro low yat,what is scalpin?
i really new lor..dun want my acc block..i edy sent my report to marketiva support centre.