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Forex Trading Corner V2
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low yat 82
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Apr 2 2008, 10:12 PM
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QUOTE(hitokiri_maniac @ Apr 2 2008, 10:11 PM) this 1 is most difficult part...huhhuh
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hitokiri_maniac
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Apr 2 2008, 10:25 PM
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QUOTE(low yat 82 @ Apr 2 2008, 10:12 PM) this 1 is most difficult part...huhhuh  yeah.. need to know why our trade loss.. either becoz we get in too late?.. wrong indicator signal?.. greedy?
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low yat 82
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Apr 2 2008, 10:31 PM
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it seems like UJ wanna break uppertrend line... hmmm..... Added on April 2, 2008, 10:42 pmscalpin.. taken rm15 enough for today's lunch + ciggy+dinner,... thanks to whom giv me money This post has been edited by low yat 82: Apr 2 2008, 10:42 PM
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small-jeff
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Apr 2 2008, 10:49 PM
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UJ...careful for a pullback hor...
hm...not wrong indicator signal...it's more like confusing signals that make me lost...
guy...one question...when i place an entry order long, say 1.1000 and the spread is 3pips, will the entry open at 0.9997 or 1.1003? should be 0.9997 right?
This post has been edited by small-jeff: Apr 2 2008, 11:25 PM
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normeck
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Apr 3 2008, 08:49 AM
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 this is the situation this morning yesterday im very frustrated...don't know what im doing....afraid of the news that seems like to go for 100-200 pips.....and start keep closing on -ve pips can someone here help me on FA... just give me the basic.. if Nikkei +ve Euro +ve Dow -ve...what will happen to GJ..and vice versa... i hope some one can help me on this....
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low yat 82
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Apr 3 2008, 11:14 AM
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QUOTE(normeck @ Apr 3 2008, 08:49 AM)  this is the situation this morning yesterday im very frustrated...don't know what im doing....afraid of the news that seems like to go for 100-200 pips.....and start keep closing on -ve pips can someone here help me on FA... just give me the basic.. if Nikkei +ve Euro +ve Dow -ve...what will happen to GJ..and vice versa... i hope some one can help me on this.... can let me see d volume n MA for 58 n 200? for d FA sorry, cant help u much
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DaBestOne
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Apr 3 2008, 12:08 PM
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QUOTE(low yat 82 @ Apr 2 2008, 11:04 PM) u can also do dat later wat  huhuhu, but 1st i need to cover losses from stock.. haizz....shud b able to cover d losses in 1-2months.. hopefully... sorry, i didnt read news also... coz i always belief, when u follow 'smart money', ur risk is vry low.. no need to examine wats d news, jus follow their footstep... coz i dun belief im better than them in FA.. those smart money r vry good in FA n TA...so, in order to make money out of them, we must master one of it.. if can both, but i dun think im clever like dat  hey bro, what do u mean by fa? and wat's ta? ma?
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hitokiri_maniac
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Apr 3 2008, 12:39 PM
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FA = fundamental analysis TA = technical analysis
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kevler
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Apr 3 2008, 02:02 PM
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rite now ..i'm holding long for GJ ...daily chart .
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low yat 82
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Apr 3 2008, 02:13 PM
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QUOTE(kevler @ Apr 3 2008, 02:02 PM) rite now ..i'm holding long for GJ ...daily chart . ic... now im holdin GU... wats ur view ab it in terms of EW?
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normeck
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Apr 3 2008, 03:18 PM
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QUOTE can let me see d volume n MA for 58 n 200? i can give u MA for 200 u want MA 58?...u play MA 58? how u play with volume....?
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small-jeff
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Apr 3 2008, 03:57 PM
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hereQUOTE(normeck @ Apr 3 2008, 08:49 AM) can someone here help me on FA... just give me the basic.. if Nikkei +ve Euro +ve Dow -ve...what will happen to GJ..and vice versa... i hope some one can help me on this.... there was an article about the relationship of forex and stock market is that forex is used as an indicator for the stock market. But personally, it's still rather hard to make profit out of FA compared to TA. You can get the article here.   Added on April 3, 2008, 4:00 pmalso...it's expected that USD would be very bearish for the next couple of months...however, eyes are watching whether EU will break 1.6000 This post has been edited by small-jeff: Apr 3 2008, 04:00 PM
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low yat 82
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Apr 3 2008, 06:47 PM
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QUOTE(normeck @ Apr 3 2008, 03:18 PM) i can give u MA for 200 u want MA 58?...u play MA 58? how u play with volume....? coz i like d no. 58. means will not b rich  no la... i jsu randomly select a MA and see whether it fits most of d charts n time frame... volume r? hmm... mayb u wan read books ab tape readin or volume spread analysis...
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small-jeff
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Apr 3 2008, 08:24 PM
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wth?? EU went bearish????
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low yat 82
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Apr 3 2008, 09:25 PM
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QUOTE(small-jeff @ Apr 3 2008, 08:24 PM) wth?? EU went bearish???? mayb bcoz of this.. Retail Sales m/m -0.5% anyway, i strongly suggest u guys go to d basics of chart.. dat is d oldest analysis.. tape readin... we must learn d basics of it 1st..not jus cross here n there... This post has been edited by low yat 82: Apr 3 2008, 09:39 PM
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small-jeff
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Apr 3 2008, 09:48 PM
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tape reading? hm..how's it like?
Added on April 3, 2008, 9:52 pmyen also got bullish...
This post has been edited by small-jeff: Apr 3 2008, 09:52 PM
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low yat 82
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Apr 3 2008, 10:02 PM
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QUOTE(small-jeff @ Apr 3 2008, 09:48 PM) tape reading? hm..how's it like? Added on April 3, 2008, 9:52 pmyen also got bullish... DISCOVERING WHAT TAPE READING REALLY IS QUOTE The principles of tape reading date back nearly 400 years to the beginning of commodity speculation. Whenever there is disagreement on the perceived or intrinsic value of a product, there is cause for speculation about where that price will move. Principles of tape reading take you right to the heart of this speculative arena. They match price movement to crowd behavior in the form of a rate of volume. Tape readers see price movement in relation to the rate of volume and can determine when the footprints of stock action are made. Tape reading allows one to understand the actions of the minority and eventually the majority when it climbs in. These principles are applied to an individual security's behavior and to the broader market trend's behavior. Why a stock is moving is not an issue. The evaluation is concentrated on where it is moving and how far it can move in that direction. Trading tips often don't pan out, and news creates countertrends to what is deemed logical. This is where tape reading saves us from our ego and ourselves. The truth of stock movement lies in the tape, not in our ego. Over the past years, we have watched thousands of traders bring new methodology to the marketplace. There is literally a system for every speculative tool available. A few of these systems are quite good, and others are just plain ridiculous. However, with the advent of the great bull market of the 1990s and Internet mania, even the mediocre system could produce fairly good results assuming it didn't dictate going short on any new high. This is where the beginners' understanding of market reality, which was far from true reality, lead them to great losses. This is what happened during the bear market of Nasdaq in 2000-2002. What worked even 1 year ago doesn't necessarily work today in the majority of these systems. However, it is clear that one system has stood the test of time. More interesting, no one had been teaching it. Tape-reading principles, having been around for 400 years, have seen every possible market there is, and they continue to produce consistent results in bear and bull markets. As you can see, Jesse Livermore's principles and understanding of market behavior need to be taught to the trading community, but not in a way that we have ever seen before. With something so universal that has stood the test of time, it's necessary to revive an in-depth understanding of how tape-reading principles can take us to the root of price and rate of volume. They show us the footprints of the minority and how to capitalize on the irrationality of the crowd when it finally figures out what the minority already knows.
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normeck
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Apr 3 2008, 10:27 PM
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tq for the explanation....appreciate that.... now im studying about volume...seems a little bit hard...
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low yat 82
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Apr 3 2008, 10:41 PM
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QUOTE(normeck @ Apr 3 2008, 10:27 PM) tq for the explanation....appreciate that.... now im studying about volume...seems a little bit hard... yar.. at 1st its kinda difficult to learn... but if u can master it, u r good.... i noe how it works. but dunno how to explain though... there r 2 books ab this dat i read...Techniques of Tape Reading by VADYM GRAIFER n CHRISTOPHER SCHUMACHER ... another 1 is Undeclared Stockmarket Secrets by Tom Williams Added on April 3, 2008, 10:58 pmuhuhuh,... GU is headin higher ^.^ This post has been edited by low yat 82: Apr 3 2008, 10:58 PM
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small-jeff
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Apr 3 2008, 11:47 PM
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hmm....it makes more sense than the way i trade...but fxcm doesnt have a volume indicator..
lowyat...the books you mentioned MPH got?
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