Red German Ifo as expected, eur -ve

Now after this drop I am taking one euro long 5519 and see how it plays out, but I still gonna see the euro has room to drop more but I am taking one long just in case the euro Fly up from here.. Tomorrow there are still some euro -ve news, which I presume to be making euro drop further, then the night time will have some USD news which could move euro move back up a bit.

Basically it is all bearish overall at beginning of this week unless some politician come out to talk something surprise everyone.

Euro Range 539x to 5750

This post has been edited by billytong: Jun 23 2008, 08:02 PM

Head and Shoulder?


Attached thumbnail(s)

GJ?..waiting for Bullish?



Attached thumbnail(s)

tirin scalpin...

hey this sounds so interesting!! can i join the fun? =P i need a GURU!!

anyway lowyat, i have been reading all these screen shots... but i dont understand how to read, beside greens/reds, buy/sell... what is the buying price and selling price? price/price? what is SL and TP? the profit is USD or some other units? like what is PIPs that i have seen somewhere... AND... i am confused with the SIZE...

for example, if you can explain the NUMBERS from the last row of your screen shot...

TIA~

www.babypips.com
www.forexfactory.com
www.forex-tsd.com

My GJ weekly

based on my stochastic setup , GJ week go for major bearish , waiting for the stoch intersection .


Attached thumbnail(s)

You done a great job. You make it man...

Green or reds doesn't matter, Cause some trader prefer red as bulll or green as bear as well. We did not post any buying price or selling price here, since we are not qualified as signal provider yet. Haha Profit is mostly on USD. Juz either in cents or in dollars.

Size is different when you using different account. It is more easy if you see on pips value. Mean 1pips movement = USD how much?

For Alpari, trade 0.01 unit , 1 pips movement = USD 0.10
For IBFX mini, trade 0.01 unit, 1pips movement = USD 0.01

The value will differ by account types.


Juz guide him abit..He might juz a newbie like me in once upon a time.... Haha.

@ericca
read thru this forum. You can get alot knowledge one lor.

Once the price break thru 211.29. Then i might take for the bear run. I got your point on your chart. But i will juz wait juz like you.

This post has been edited by mphpopular: Jun 24 2008, 05:24 PM

Hi guys,
Just curious, I just close one position - gained 1 pip only (bought EU @ 5566 and sold @ 5567). And the Profit is USD1. I tot IBFX or any other broker have a bid spread 2-3 pips?

By the way this is a demo acc. Not sure if they don't include bid spread in demo acc. Need sifus to advice here

I can sure you're new. Haha

Ok, i guide you in this way. Did you saw, once you open an trade, Your trade will start wif negative pips??? That is your spread.

Example (go test it now):

You click buy Eur/USD, directly you will see you alrady in -3 pips. That is your spread.

For you case, you win 1pips. Mean actually the market already go up 4 pips. But 3 pips already go inside the 3 pips spread.

wish you can understand

this week, only trade GU. Still feel satisfy, at least i still got win 5 pips.

The 2nd attachment is on floating. Wish me luck

---

Added on June 24, 2008, 6:15 pm@coldfusionpower
I need your guide here coldfusion. I currently wish to trade on Longer TF, daily TF, since i am busying wif my work.

I currently got made analysis on 7 to 10 pair (weekly analysis on daily TF). Some i saw some good opportunity whereby the trendline breakout, or resistance / support area. TP i still can figure out.

But i facing problem on setting SL and trailing SL. I tried this method on my demo. It works well, bcoz i did not set SL and Trailing SL. Mozly the trade is close after a weeks or two. Some trade can go even to -70 --> -120 pips.

So, i wish to know, is it any recomendation on SL value and Trailing SL value? Imposible i trade on real and did not put any SL right?

This post has been edited by mphpopular: Jun 24 2008, 06:15 PM


Attached thumbnail(s)

Closed by Long I got yest for 40pips, now shorting @ 5561 Trading very light, not bad for easy money

This post has been edited by billytong: Jun 24 2008, 06:50 PM

5561 is which pair price quote.... Looking around.... Find the currencies... Haha.... I currently shorting GU. But will depen on situation to see whether i should exit it. SL set at enter price +1. At least i willl have 1 pips gains if direction go terbalik wif me.

Edit:
Exit my GU wif +18pips. Luckily i run once i saw a blue blue candle.

This post has been edited by mphpopular: Jun 24 2008, 07:45 PM

its EU...

I really don't understand our US. Apa dia buat tu. I nvr expect any impact by this news actualy since it is a mixed one.... I think i need to go read a news trader book. Need slowly understand one by one what is those news. And if -ve and +ve value mean what, any recommends of books?

Juz a luck juz now. getting a ride on our GU long wif +40pips. I not sure it will go bull or not. Pips lock-ing, erm i think wil around 20pips gua...

@jebonen
DO you face same problem wif me? My house streamyx is down. Super lag, even come LYN also nid refresh few times. All mt4 trading platform keep sign in sign out. Even my fren house over tmn sentosa and around here is same as well. MSn and skype keep on log in log off. Wish it willl get better soon, (this situation started since yesterday night), bcoz it might effect my EA testing. Sorry jebonen, i might contact you again after this difficulties since my skype cant log in.

This post has been edited by mphpopular: Jun 24 2008, 10:31 PM

today i lost USD5...dem!!!...what am i doing??
my friend also facing the same problem..screamyx slow down...

This post has been edited by normeck: Jun 24 2008, 10:37 PM

Slow and steady bro. You trading on which pair? Try to see back what does happen over your trade, stop a while over tonight, think again. And absorb some experience from your lose.

Following your profile? If after follow, then still losing, maybe juz a bug over your trading profile, it will geting better as soon as market normal again.

The market juz nid time to calm down now.

Bro, slowly and takes time, we need experience, I saw you doing alot of great trades during the weeks, juz tis two days doesn't seem too good for you.

i dont know..it seems like i can read the graph..but...haizzzzz......better trade with 4H TF laa...but to long oooooo......

---

Added on June 24, 2008, 11:06 pmlook now!!!...GJ going up ...f&)*&(*&!!!

This post has been edited by normeck: Jun 24 2008, 11:06 PM


Attached thumbnail(s)

I saw GJ, the beast taking away your profit.

Juz my comments ok? Dont take it if you found out not suitable. This is currently applicable for my case.

For the laz GJ trade you have taken, why did you close the trade? Is bcoz of pips lose or monetary value?

I even believe if you stay still for the long now, you will still profitable at the end. Cause i saw GJ on long same as you as well.

Here is some of my point:
1) I willclose the trade juz same like you, bcoz i saw i lose big (in monetary value) but actually only 70pips. For me, my comfortable level is 0.01 unit. You might say this silly, but once i trade 0.02unit. All my decision is wrong, cause i cant afford to take the risk. If take 0.01, I can still stand in a trade wif a -70 pips floating. But for 0.02 unit, once around -35pips floating, i already run far far. From your statement that you post always, i alway see you doing good in 0.30.

2) You are perform well, really. Juz GJ is a beast, that y i stop a while and re-evaluate my self on GJ trade. I make my self stopped out from GJ and currently try recover losses from GU.

3) Make it slow bro, we currently still not yet nid to make living by forex. We sharpen our knife now and only killl chicken now. One day, we can go forest and hunt wif our knife (tat's is the time we trade 1 pips = USD 10). I put my trust on you.

ACtually i don't have much qualification to say anything, cause anyway, i still losing in my account. Currently still lose 40bucks. Taking time to recover, Juz wanna let you know, whenever you lose, I still beside you. But whenever you win, i will beside you of course. Waiting you to belanja me makan KFC wif your earnings...



This post has been edited by mphpopular: Jun 24 2008, 11:29 PM

@mphpopular
hu hu... no la... i off my skype.. bz with work rite now at office also at home.
want to finish my small wifi project huhu.. im still running tc EA, v34.1 but at lite-forex.

#v34.1 performance for 2 day trading with TF5


p/s- i think GU EU strong UT and GJ goin DT again very soon, from my sengal2 kunci kira-kira ha ha

This post has been edited by jebonen: Jun 25 2008, 12:10 AM