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Forex Trading Corner V2
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kimochi
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Feb 29 2008, 12:43 AM
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Getting Started

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QUOTE(low yat 82 @ Feb 29 2008, 12:37 AM) u mean rollover? actually all this info is at ur broker's website... jus that u lazy go search  anyway, i also not too usre  i think d interesdt will charge on d total amount traded... ermm... i just dun understand where it applies... they did mention that will charge.. but doesnt gif example.. like ermm.. if 20 lots.. = $200000.. margin required is only maybe $4k.. so the service charge will be on $200000 ? or on $4k.. huge difference..
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woopypooky
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Feb 29 2008, 12:44 AM
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QUOTE(kimochi @ Feb 28 2008, 10:12 PM) Hi all sifu here... i listened to ur advice and read thru babypips.com.. and now playing on the fx practise version... as suggested by them.. i have a question... which is regarding the interest... how does it apply ? issit if i leave it there overnite.. they will charge the interest on the total amount? thanks in advance... charge the interest based on the amount of that position you open. you will earn interest if you go long on higher interest/lower interest-- xxx/yyy pair and have interest deducted if you long on lower interest/higher interest pair. vice versa for short position.
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normeck
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Feb 29 2008, 12:46 AM
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-edited-
The post you entered in was too short. You must have at least 10 character(s) in your post before it will get posted.
This post has been edited by normeck: Feb 29 2008, 12:47 AM
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low yat 82
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Feb 29 2008, 12:47 AM
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QUOTE(kimochi @ Feb 29 2008, 12:43 AM) ermm... i just dun understand where it applies... they did mention that will charge.. but doesnt gif example.. like ermm.. if 20 lots.. = $200000.. margin required is only maybe $4k.. so the service charge will be on $200000 ? or on $4k.. huge difference.. shud b 20lots lar... u borrow their money to trade wat..huhuhu
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normeck
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Feb 29 2008, 12:51 AM
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hey!...waht about my question?...i want to try it out...
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woopypooky
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Feb 29 2008, 12:52 AM
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QUOTE(kimochi @ Feb 29 2008, 12:43 AM) ermm... i just dun understand where it applies... they did mention that will charge.. but doesnt gif example.. like ermm.. if 20 lots.. = $200000.. margin required is only maybe $4k.. so the service charge will be on $200000 ? or on $4k.. huge difference.. i think like this lar. lets say your own money is 1000, after leverage is 100,000 then let say they charge interest 1%, (god know how many days) so mean you got deducted 10 from your actual money or 1000 from your leveraged omoney. This post has been edited by woopypooky: Feb 29 2008, 12:54 AM
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kimochi
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Feb 29 2008, 12:56 AM
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Getting Started

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QUOTE(woopypooky @ Feb 29 2008, 12:52 AM) i think like this lar. lets say your own money is 1000, after leverage is 100,000 then let say they charge interest 1%, (god know how many days) so mean you got deducted 10 from your actual money or 1000 from your leveraged omoney. phew.... so its 1%of 1000 and not of 100000.. Thanks woopypooky..
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woopypooky
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Feb 29 2008, 01:03 AM
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eh i think again, it might be the other way round. 1% deducted from your leveraged 100,000 means u got deducted 1000 from your account. huhuhu
This post has been edited by woopypooky: Feb 29 2008, 01:05 AM
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kimochi
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Feb 29 2008, 01:23 AM
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Getting Started

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QUOTE(woopypooky @ Feb 29 2008, 01:03 AM) eh i think again, it might be the other way round. 1% deducted from your leveraged 100,000 means u got deducted 1000 from your account. huhuhu wah. Scary. Might be more than the profit. anyway.. thanks again..
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backspace66
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Feb 29 2008, 11:53 AM
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hi everyone,can anyone suggest a company that provide a good forex managed account?
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small-jeff
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Feb 29 2008, 03:19 PM
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QUOTE(normeck @ Feb 29 2008, 12:30 AM) when u open MA there is MA method Apply to so the setting is? just set your Weighted Moving Average with 5, 20, 100 (or that suits you best) and apply to your candlesticks (or what ever chart you're using). Basically, WMA 20 is the slower MA, while WMA 5 is the faster MA. Crosses of WMA5-WMA20 indicates a trigger point. However, sometimes there are rebounce that occur, that is, a short period after crossing (say going bull), it rebounce and cross again (turing bear). So, WMA100 is to show the area of high possibility of rebounce. Usually, when the price is about 10pips to WMA100, both WMA5 and WMA20 would be heading towards WMA100, which usually seen as being bullish/bearish. However, pullback often occur at this point, where the price rebounce back. Try using this and compare with EMA. Some might prefer using EMA, but i prefer using WMA. This post has been edited by small-jeff: Feb 29 2008, 03:21 PM
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Quincy
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Feb 29 2008, 06:03 PM
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QUOTE(small-jeff @ Feb 29 2008, 03:19 PM) just set your Weighted Moving Average with 5, 20, 100 (or that suits you best) and apply to your candlesticks (or what ever chart you're using). Basically, WMA 20 is the slower MA, while WMA 5 is the faster MA. Crosses of WMA5-WMA20 indicates a trigger point. However, sometimes there are rebounce that occur, that is, a short period after crossing (say going bull), it rebounce and cross again (turing bear). So, WMA100 is to show the area of high possibility of rebounce. Usually, when the price is about 10pips to WMA100, both WMA5 and WMA20 would be heading towards WMA100, which usually seen as being bullish/bearish. However, pullback often occur at this point, where the price rebounce back. Try using this and compare with EMA. Some might prefer using EMA, but i prefer using WMA. I think what normeck mean is that apply to close/open/high/low? of candlestick.
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low yat 82
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Feb 29 2008, 07:13 PM
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any1 shortin GU? im shortin it now ^.^ TP is 1.964 or lower.. well, still need to depends on other stuff...
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normeck
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Feb 29 2008, 10:07 PM
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QUOTE(Quincy @ Feb 29 2008, 06:03 PM) I think what normeck mean is that apply to close/open/high/low? of candlestick. yep...thats what i mean.... TQ GJ...my sell at 206.50 jsut reached!.....now its time to closed my hedging...but my buy at 213.50...zzzzzz! GJ will go down until??
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small-jeff
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Feb 29 2008, 11:06 PM
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normeck: i used it on close..
anyone looking at EJ? seems to be going bearish. it's testing the support level at bout 158.07...still, not candles closed below this level, only shadows..
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low yat 82
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Mar 1 2008, 10:07 PM
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seems like GJ is doin reversal... headin south..
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normeck
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Mar 1 2008, 10:54 PM
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heading south means go down?..heheh!!
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low yat 82
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Mar 2 2008, 01:46 AM
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news from my broker... QUOTE Breaking through a resistance will usually bring more upside potential, while a failed breakthrough has the opposite effect. The night before, the Dow failed to break through our important 12,750 resistance level. As a result, the people begin to sell down the Dow with the Dow plunging 0.9% last night.
The USD-JPY rate Of more concern is the USD-JPY exchange rate. The USD-JPY exchange is a very important indicator of markets as it is a barometer of the Yen Carry Trade. Generally, a strengthening of the USD-JPY rate means that the volume of Yen Carry trades is increasing because more people are converting their Yen loans to other currencies to invest in the markets of those respective countries. A weakening rate means that people are beginning to buy back more Yen to pay back their Yen loans, which means that investments are being withdrawn from markets all around the world. The AUD-JPY and NZD-JPY rate might be more relevant in gauging the volume of Yen Carry Trades, however the USD-JPY is more relevant to equity markets as the Dow is very sensitive to its fluctuations. We have talked about the 106 level in many reports in the past few weeks and it has proven to be a very formidable level in the past. This level was a rebound level for the previous sell-off, with the bull driving it above the 108 level. Last night, the 106 level was taken out by the bear convincingly. This signals that there is renewed unwinding activity of the Yen Carry Trade, which means that there is more downside to come for equity markets. Economically Speaking : Negative Negative economic reports, which is a major reason for current bearish markets, were released last night. GDP growth of a flattish 0.6% for Q4 of 2007 was announced which was similar to the previous advanced estimates. Jobless claims registered a rise to 373,000 which exceeded a forecast of 350,000 claims, indicating that the current economic downturn is hitting employment hard in the US.
Looking Ahead : Fed Meeting 18th March While the fed is expected to cut rates on the 18th of March (40.5% probability of a 25bps cut), this time around it would be different. Our report has always treated the days leading to a rate cut as positive. This stance might change because in Bernanke' speech last night, it appears that it has become increasingly difficult for the Fed to juggle its attempts of boosting the economy and controlling inflation. This could mean that the Fed might run out of bullets soon to boost the economy and support the equity markets. Strategy With the breaking of the 106 level, traders are advised to stay on the sidelines and to expect negative KLCI sessions ahead.
Jason Ching | (603) 2168 1100 | CYCHING@hlgs.hongleong.com.my Email : Helpdesk@hlgs.hongleong.com.my www.hlebroking.com
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Nadia_1510
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Mar 2 2008, 01:29 PM
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Getting Started

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im 2 lazy 2 trade nowdays and i let my forex guru trade 4 me and monthly i get 10% profit from it... im 2 lazy 2 stay up at night lor... then my face turn in2 panda owedy ... not enough zzz liaw... if leng chai stay up all night its ok la... as 4 me its been omost 6mth i stop my forex trading and just let my guru 2 trade for me and yeah.. im loving it .. lol... Added on March 2, 2008, 1:30 pmpips pips hurayyyy 2 all traders ... This post has been edited by Nadia_1510: Mar 2 2008, 01:30 PM
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normeck
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Mar 2 2008, 03:15 PM
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huh...i always sleep at 12~1 am...maybe u have to close all trade isn't?
This post has been edited by normeck: Mar 2 2008, 03:15 PM
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