my kukujiao already kecut... need to sometime to recover lor.... straight few losses...uhuhuh..DIE!!!

edited: i later then comment ab ur chart. now need to help girl girl google for some info... hmm... do u hav any info in paper industry ka?

This post has been edited by low yat 82: May 2 2008, 10:16 PM

no le..if steel industry...i can help lar.. good good...cant wait for your comments...hard to find ppl to talk bout forex...all talk bout stocks

hmm... ur retracement line kinda diffrent from me though... coz i use tom demark's method....

this is my monthly chart, i cant use weekly chat to draw my retracement line coz d low i pick is vry to d left side...




this is my reason y i enter, but too bad, i enter too early... didnt fully do a proper research...
1.busted pattern of triangle formation
2.retrace to 0.7071
3.volume at d left 'w' is much more than d current 'w' pattern
but d bad things is my weekly chart's zig zag still doesnt form a 'line' yet... so, it has d probability to go lower.



btw, u also can talk ab stock market chart ma... test more of ur TA skill in diffrent market.. moreover got free software from chartnexus... jus do paper trade lor..

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..?

wat u mean by this?

yar.. i use daily chart for this GU.. yup.... SL quite high... dats y i dun like higher time frame.. coz in between them sure got others swing.

oh, for GU, i didnt put my stop loss... my stop loss would b 2-3days below my 'caution line'. so its kind of subjective to put a certain price number..

i think ill take a rest for 1 week gua.. few straight losses. need some time to forget ab it though..huhuhu. for d meantime mayb will look at higher timeframe to see any chart formation been formed.

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..

but wat ab EU? people not get used to it??


wow.. interestin... for EU, its act has head n shoudler formation...min TP is 1.8XXX!! d prob is, wat price we shud join in... btw, dun forget its stated publicly d G7 group will intervent if USD gettin more n more weak...





edited: aww.. my mistgake... no data for EU for date time...huhuuh.. y leh no data??

This post has been edited by low yat 82: May 3 2008, 01:40 PM

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?

err.... alpari server kinda slow, so better take another broker... u use it for tradin or wat? do u prefer metatrader or wat?

use this to see how's ur broker's profit monthly.... http://www.cftc.gov/marketreports/financia...rfcms/index.htm


wire transfer.. is awa y to transfer ur money to oversea...

any bank provide i think... u noe... western union... its one of them.. charges variable from 1 bank to another though...

i find alpari not bad but ya, sometimes abit slow.

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.

This post has been edited by small-jeff: May 3 2008, 02:30 PM


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yar... will retrace.. no doubt... my TP for downtrend still not hit yet leh.. uhuhu.. waitin for long term holdin..

btw, if they keeps buyin usd, they r fightin d trend... which will cause them whole lots n lots of capital..not a briliant move.. i belief a lot of countries will transfer money to stronger pairs.
IMHO, i think d best way to do is change d 'money language'... let d usd heal itself... d problem in us there is far from over n every1 knows dat..

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..

well, i tried b4 few metatrader platform by interbankfx n odl. both seems to b ok though in executions.. anyway, it will b kinda slow during announcement

hai yor... jus talk anything at here lar.. no prob 1...

I quite confusing with interbank metatrader 4. dunno y stil nid download the indicator and install. it is not embeded inside together?

haha...yeah. The banks keep pumping in money...soon enough they'll have tonnes inside the bank with no where to run...then we'll see inflation. either way, USD up or down, traders still make money... earn USD, use in RM...hohoho

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??

This post has been edited by hitokiri_maniac: May 3 2008, 07:29 PM

dats d power of metatrader..huhuhu..... lots of plug in...

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?

wat??? i think u mean 200MA in weekly chart... huhuhu


act got other software to use.. metastock... i need to fork out one time rm80 to buy historical data... now they charge rm120 yearly for EOD data... crap... force me to find other source...