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".

stock aaa.. juz tip of iceberg maaa... for more challenging go for forex...heehehe.. then u know langit tinggi or rendahh..  

aiks...lowyat...your GU....but it still might have a chance to bounce back

ooh..what i meant was...in stock market, too many factors could influence the price. heck, even the currency index is able to affect the stock market. Need to consider too much. By the time done studying, the trend might have already formed...

lol...my positions on EU, GU, UJ all open and closed in less than 2 minutes...shot up like a super rocket...

---

Added on May 2, 2008, 8:41 pmhahaha...now see the price movement...lot of people are trying to join...most will be trapped...

---

Added on May 2, 2008, 8:46 pmlowyat...had to agree with you...first time i see price can move 100 pips in less than 5 minutes...but you can try use higher leverage to scalp on the corrections to salvage some losses

---

Added on May 2, 2008, 8:53 pmUS market just opened less than one hour...some jackass must be doing all this...

GJ er...long time didnt look at it...spread it too high for scalping le ...yeah...seems like it's moving up too..haha..tomorrow saturday..can take break..

ooh...thought you entered position during the peak...

hmm..i still see GU is goin down...here is why

on weekly chart...

the price retraced on both of the 38.6% level, but was rejected on the vertical 23.6% level. Since then it has been testing to break through both 38.6% level.

on daily chart...

doesnt look too bullish to me either. However, i didnt look at RSI or Stochastic...but the price changed its support level and consolidated. Wah...but today bounce back quite high...

ooh...interesting...on the same monthly chart, i use low at Jun 2001 & high at Nov 2007. The High/Low before/on 1985 seems not so useful, as the market has adapted the price 1992 to 2001. But i dont look much on monthly..no money to swing that long 

As for scalping (GU now is damn good for scalping), i look at the daily chart. The last bar on the chart i posted was an up bar. Seeing that prices shifted its support level and bouncing on the level, i place a position just above the support line, and "wait and see".

but anyway, if you're looking at a daily/monthly chart, then your SL should be quite high ba...yesterday only drop bout <200 pips..your GU didnt kena SL ba..?

The High/Low before/on 1985 seems not so useful, as the market has adapted the price 1992 to 2001. 

ooh..what i meant was...In using Fibonacci, though using higher time interval shows more accuracy, but in this case of GU, from 1992 to 2001, the crowd have gotten used to the price, by means that it's no longer high or low. So, if using Fibonacci of high and low before 1985, the retracement level is not that much of reliable.

try to look at EU...if can, try to use Fib Fan as well..i found it to be quite useful..

I wanna open an forex account at alpari-idc.com. Any comment on it?

But the most important, What is a bank wire?

How to do it? Which bank in our country provide this service? How much is the charges? Any recommendation?

aiks..i was going to say that EU will start its correction soon after hitting 1.600...Yesterday night's sudden movement was partially done by their central bank by buying more USD. So, the feds are rather desperate now. It would be rather hard for the price to go near 1.600 as it's a rather important phycological level of resistance, while the price is still in an uncharted area since Sep 1992 (high 1.4575). The next nearest extension level is at 1.8015...so if price does attack 1.600 again, firmly go long till 1.800

but i believe US will not let that happen le...if USD keep falling...the Japs will also cry...lol

if i were to trade on a monthly chart..i'll go short on 1.5390 and limit till 1.5020 or 1.5030.

TQ very much. I looking into it now. I prefer metatrader platform, i stil cant find any better broker i think.... Stilll looking around for better one... If  you have any advice., juz pm me.

I scare i interupt those people discusing forex thing here..

indicator are third party laaa.... imagine metatrader is a car.. and indicator are the accesorries.. it up to u.. either to put spoiler or not.. put hi fi stereo...or u can buy custom made accesories from mechanic shop.. get it??

the other day my friend told me...he was using chartnexus, and he need to pay to use MA200...lol...you guys found those addon indicator packages useful?

hmm...i wonder if historical data will be of importance in forex...or until the year Euro comes out is good enough...

hi there, how did you put the volume indicator inside the price window? can put others like stochastics and rsi inside price window also mah?

eh my bad.i thought it was MT4.
chartnexus looks good. does it comes free? does it have all the forex major pairs?

i'm using marketiva, my assistant is ForexKiller v2.0... i've made about USD$260 from equity USD5.00

here...edited the pic to show bearish flag...


hm..to me..smart people always knows where the direction of the chart is going de..they only make false BO to trap ppl so ppl will believe there's a reversal or something, after that, the chart will go back to its supposed to be direction...so, knowing the direction of the price, can sometimes ignore that there're smart money le.. IMO, usually flag is caused by market makers, giving false impression of reversal...but sometimes, a flag can become a reversal 

haha..at least use RSI or Stochastic ba...you dont want long when it's overbought
haha...Fibs and Gann works in every market prices. I read through "Fibonacci and Gann Applications in Financial Markets - George A. Maclean", and also the ebook you recommended but i still havent really been able to apply Gann's tools yet

Fib fan is applied like Fib retracement. Usually i'll apply it in various time frames' high/low, both the vertical retracement and the fan together, then compare the retracement level of different time frame. From there, you'll see how easy/difficult is it for the price to make its directional movement. However, Fibs are only good when the market is rather volatile or moving relatively violent (IMO lar)..if the price is channelling; sideways, bearish of bullish, not so good to apply..

-Prices bounded by two Price action bounded by two parallel trend lines. Prices
trend lines usually go against the prevailing trend: They rise in a downtrend
and fall in an uptrend, but exceptions are common.

-Three-week maximum Flags are short, from a few days to 3 weeks. Formations
longer than 3 weeks are better classified as symmetrical
triangles, rectangles, or wedges (rising or falling).

-Steep, quick price trend These formations usually form near the midpoint of a steep,
quick price trend. If you do not have a strong advance or
decline leading to the chart pattern, ignore the flag.

-Downward volume trend Volume usually trends downward throughout the formation.

hm..tomorrow took leave...see how to trade during day time..hahaha

efit: lowyat..can understand what i explained ar? i read back...also feel confused myself..lol