Forex Trading Corner V2
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  Feb 4 2008, 12:26 PM, updated 18y ago
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#1
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space   
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V1 --> http://forum.lowyat.net/topic/369676
Continuing our talks and discussion on Forex here. Welcome to Forex Trading Corner!  For newcomers asking where to begin, start yourself from: - Babypips: http://www.babypips.com/ - Forex Factory: http://www.forexfactory.com/forum.php This post has been edited by firedauz: Apr 25 2008, 02:17 AM |
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Feb 4 2008, 12:48 PM
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#2
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur 
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Ok, start forex talk here now!
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Feb 4 2008, 12:59 PM
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#3
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Senior Member
3,158 posts Joined: Dec 2006
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 reports for this weekend....sharing is caring  what is swing trading?> |
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Feb 4 2008, 04:55 PM
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#4
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Junior Member
297 posts Joined: May 2005 From: Mainland, Penang
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QUOTE(normeck @ Feb 4 2008, 12:59 PM) reports for this weekend....sharing is caring what is swing trading?>  That is live? I don't think you need to learn more about theory if you can trade like that.  |
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Feb 4 2008, 04:59 PM
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#5
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All Stars
11,954 posts Joined: May 2007 
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Enough of the day bank in 100 pips on GU
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Feb 4 2008, 05:24 PM
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#6
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Senior Member
4,081 posts Joined: Aug 2005 
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QUOTE(normeck @ Feb 4 2008, 12:59 PM) reports for this weekend....sharing is caring what is swing trading?> ai ya.. u ah.. lazy go google  QUOTE Swing trading sits in the middle of the continuum between day trading and trend following. Swing traders hold a particular stock for a period of time, generally between a few days and two or three weeks, and trade the stock on the basis of its intra-week or intra-month oscillations between optimism and pessimism. http://en.wikipedia.org/wiki/Swing_trading |
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Feb 4 2008, 06:02 PM
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#7
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3,158 posts Joined: Dec 2006
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QUOTE That is live? I don't think you need to learn more about theory if you can trade like that. yes...but my method to risky... i want to share..but afraid, cannot suit ur trading style... @lowyat i still dont under stand la....give me example la.... |
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Feb 4 2008, 06:18 PM
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#8
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(normeck @ Feb 4 2008, 06:02 PM) yes...but my method to risky... It means that you buy/sell particular currency today, and tomorrow, or day after tomorrow, or more than that, then you take profit (tapau if you prefer i want to share..but afraid, cannot suit ur trading style... @lowyat i still dont under stand la....give me example la.... ). |
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Feb 4 2008, 07:12 PM
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#9
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Junior Member
16 posts Joined: Nov 2006
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Did'nt know there's a forex thread here
 Can learn from the sifus! Normeck, What broker are you using?Is that a mini or micro account? I just started using poltekfx broker Starting to use it as a live practice account because can trade micro lots. 1 pip 10cents.. Still newbie... They give $25 bonus too if u deposit at least $25..  PoltekFX |
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Feb 4 2008, 07:32 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(cvcmind3d @ Feb 4 2008, 07:12 PM) poltekfx is from Belize. seem like a small company. i wonder they have physical office location or not. But the micro lots seem attractive. And they ask people to use Skype to contact them?This post has been edited by woopypooky: Feb 4 2008, 07:33 PM |
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Feb 4 2008, 08:22 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(woopypooky @ Feb 4 2008, 07:32 PM) poltekfx is from Belize. seem like a small company. i wonder they have physical office location or not. But the micro lots seem attractive. And they ask people to use Skype to contact them? do not trust company located at belize city... alot of scam company open there...btw, wats wrong wit using skpe? coz ODL use ym wo... |
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Feb 4 2008, 08:36 PM
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Senior Member
3,158 posts Joined: Dec 2006
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many people says FxOpen is a scam company...when it goes for big amount,..spikes...and poltek i think one its partnership???( dunno la..please check it out..)....
but I'm in Fxopen....after open Live account there, then someone here give info about this company scam...but when i go into their forum, got people say they still can withdraw money..maybe in small amount..hmmm... then its up to you to choose.... ooo..like that aaa....thats mean im a swing trader!!...hahahah!!.... |
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Feb 4 2008, 09:20 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Feb 4 2008, 08:36 PM) many people says FxOpen is a scam company...when it goes for big amount,..spikes...and poltek i think one its partnership???( dunno la..please check it out..).... bro... kful wit unregulated broker.. but d most important thing is some even dont register !! like north finance.. http://www.ifsc.gov.bz/notices.htmlbut I'm in Fxopen....after open Live account there, then someone here give info about this company scam...but when i go into their forum, got people say they still can withdraw money..maybe in small amount..hmmm... then its up to you to choose.... ooo..like that aaa....thats mean im a swing trader!!...hahahah!!.... |
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Feb 4 2008, 09:49 PM
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Senior Member
756 posts Joined: Jan 2003 From: Kuala Lumpur
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ooitt..so many broker that doesn't regulated..aiya..so how to choose a broker which allow small/tiny trader aka usd1-usd250, use egold/paypal/ebullion??
can anybody check liteforex.com? izzit also a scam? it has an affiliate office here in kota bharu. |
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Feb 4 2008, 10:04 PM
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All Stars
11,954 posts Joined: May 2007
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Go for fxtrade.com
can deposit using paypal min is $1 |
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Feb 4 2008, 10:20 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(MNet @ Feb 4 2008, 10:04 PM) Go for fxtrade.com Im waiting for my Oanda acc to be confirmed, then i can start deposit and trading. can deposit using paypal min is $1 Edited: Just received my confirmation email from Oanda  This post has been edited by Quincy: Feb 5 2008, 08:06 AM |
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Feb 5 2008, 09:55 AM
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Senior Member
3,158 posts Joined: Dec 2006
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i just receive verification of my account for deposit and WITHDRAWAL!!
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Feb 5 2008, 10:42 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(Quincy) here is a different between you and billytong playing without stoploss. From billytong post, considering he can withstand large drawdown, that mean he is using sound money management or he have large capital. Thats why he can trade without using stoploss. Yes my friend,you hit the nail head. As for me, im using stoploss alright, but not the usual stoploss that most people use. Mostly they are using small stoploss (around 30 pips or so) and is a constant stoploss (every trade set SL to 30 pips.) Mine have large stoploss (or I could say as hardstop) and the value depends on what the market tells me. and I also agree with you that tight/small SL is bad and really bad. Last time when I first trading many months ago, whenever i use stoploss, the market seems like to keep hitting my Stoploss then turn around leave you with losses without profit where you suppose to be profit if ur stop loss didnt get hit.  Those with small/tight stoploss, you better be careful on the market whipsaws. If you got small capitals, you can trade micro lots, it is the same. And of cause, a tip here to set your stoploss @ strange numbers if you really want to use stop loss (for example in EU 1.4943, 1.4376, 1.4578.) Try to avoid round numbers or numbers 5, quarter of 100 points ( for ex in EU 1.4800, 1.4570, 1.4665, 1.4775, 1.4625) Check your Fx chart of top/bottoms on each pairs, u often see the market didnt hit those round or numbers 5 and turn around. for EU, if you watch carefully, they often hit 1.xx04, 1.xx09, 1.xx11, 1.xx19.....22, 28, 33, 67, 74, 88, 98 there are hardly any round or fix numbers. This is just my observations. |
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Feb 5 2008, 11:20 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Feb 5 2008, 10:42 AM) Yes my friend,you hit the nail head. now thats wat i call tips and I also agree with you that tight/small SL is bad and really bad. Last time when I first trading many months ago, whenever i use stoploss, the market seems like to keep hitting my Stoploss then turn around leave you with losses without profit where you suppose to be profit if ur stop loss didnt get hit. Those with small/tight stoploss, you better be careful on the market whipsaws. If you got small capitals, you can trade micro lots, it is the same. And of cause, a tip here to set your stoploss @ strange numbers if you really want to use stop loss (for example in EU 1.4943, 1.4376, 1.4578.) Try to avoid round numbers or numbers 5, quarter of 100 points ( for ex in EU 1.48[b]00, 1.4570, 1.4665, 1.4775, 1.4625) Check your Fx chart of top/bottoms on each pairs, u often see the market didnt hit those round or numbers 5 and turn around. for EU, if you watch carefully, they often hit 1.xx04, 1.xx09, 1.xx11, 1.xx19.....22, 28, 33, 67, 74, 88, 98 there are hardly any round or fix numbers. This is just my observations.  |
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Feb 5 2008, 11:36 AM
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Senior Member
2,627 posts Joined: Jan 2003 From: Sepang,Cheras,Jupiter
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QUOTE(tuo850 @ Feb 4 2008, 09:49 PM) ooitt..so many broker that doesn't regulated..aiya..so how to choose a broker which allow small/tiny trader aka usd1-usd250, use egold/paypal/ebullion?? the only Big and good broker allow low deposit is Oanda.but i know most of you don't like their platform and prefer MT4 can anybody check liteforex.com? izzit also a scam? it has an affiliate office here in kota bharu. |
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Feb 5 2008, 10:14 PM
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Senior Member
3,158 posts Joined: Dec 2006
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anyone got profit tonight???
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Feb 5 2008, 11:15 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Feb 5 2008, 10:14 PM) anyone got profit tonight??? got 11pips onli today still trying gettin familiar wit ODL platform...jus go long for GU...wish this time will b profitable..  |
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Feb 5 2008, 11:43 PM
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Senior Member
3,158 posts Joined: Dec 2006
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 nothing much today... lowyat...open Live la.... |
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Feb 5 2008, 11:51 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Feb 5 2008, 11:43 PM) nothing much today... lowyat...open Live la.... moreover cant see a vry vry clear profitable trade |
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Feb 6 2008, 12:22 AM
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Senior Member
2,251 posts Joined: Jan 2003 From: on da move with 3G technology
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QUOTE(low yat 82 @ Feb 5 2008, 11:51 PM) huuhuhuhu.... not yet... still need more trial n error.. made 40 pips today in 2 trades at different time for GU this evening. Was on short. too bad the Marketiva cleared my closed position. else can print screen moreover cant see a vry vry clear profitable tradecongrats on version 2 |
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Feb 6 2008, 03:10 AM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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QUOTE(normeck @ Feb 5 2008, 11:43 PM) nothing much today... lowyat...open Live la.... I think some already started live. Give it time for them to gain something worth (in their opinion) to show us We're all here to help around & discuss |
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Feb 6 2008, 09:47 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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now if u guys remember I said yest that Eur/usd likes to hit certain numbers.
Yest right after the drop euro go back up 4698 then come back down <---the numbers I said in previous post, the it go down and hit the bottom 4622 and bounce back. (Using FXCM broker, Sell price) If you guys watch a pair, look for the behind numbers, see where it bounce and where to turn down. The more often it turn around or bounce at that number the more likely it will do the same next time. This is just my observation. I could be wrong, but I hope this help some of you guys. |
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Feb 6 2008, 10:31 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Feb 6 2008, 09:47 AM) now if u guys remember I said yest that Eur/usd likes to hit certain numbers. yar.. its termed as vibratory number/ harmonic numbers by larry pesavento... accrodin to his research, if this vibratory no./harmonics no. is repeated 8 times or more, it will hapen till infinity.. well, thats wat he say lar Yest right after the drop euro go back up 4698 then come back down <---the numbers I said in previous post, the it go down and hit the bottom 4622 and bounce back. (Using FXCM broker, Sell price) If you guys watch a pair, look for the behind numbers, see where it bounce and where to turn down. The more often it turn around or bounce at that number the more likely it will do the same next time. This is just my observation. I could be wrong, but I hope this help some of you guys. |
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Feb 7 2008, 01:39 AM
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Senior Member
3,158 posts Joined: Dec 2006
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today only got $8....floating -$21...zzzz.....G/J sucks!....buy at 210.06..zzzz....@@....i thought it will swing back uptrend..but go down trend...
"tapau" also cukup cukup makan....haizzzz... anyway...Gong Xi Fa Chai....to all chinese members and Happy Holiday to all...may this year will bring prosperous in our trading...huhuhuh!! |
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Feb 7 2008, 10:19 PM
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Junior Member
208 posts Joined: Feb 2007
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I'm new to forex trading but i'm really interested... Any sifu here recommend a trusted webbies for me to start playing with as low as $10? (USD)
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Feb 7 2008, 10:45 PM
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Senior Member
3,158 posts Joined: Dec 2006
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have u study all the indicator and how to play forex?
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Feb 7 2008, 10:53 PM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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QUOTE(Kenneth85 @ Feb 7 2008, 10:19 PM) I'm new to forex trading but i'm really interested... Any sifu here recommend a trusted webbies for me to start playing with as low as $10? (USD) Babypips and Forex Factory is a start (if you really are new).I'm not sure of anything realiable to start as low as US$10 - wait for billytong/normeck/etc I did abit good today..  On a point of discussion: What is everyone's method at 'controlling emotion during trading?' (dun say lar robot-like trading, just share experience on self-control) |
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Feb 7 2008, 11:19 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(normeck @ Feb 7 2008, 01:39 AM) today only got $8....floating -$21...zzzz.....G/J sucks!....buy at 210.06..zzzz....@@....i thought it will swing back uptrend..but go down trend... i dunno u use wut for pair gj.. but im using elliot wave for gj.. and surprisingly... i already profit 100 pips from gj today.. and still on 45 pips right now in gj pair..my tp 50 pips only for gj.."tapau" also cukup cukup makan....haizzzz... anyway...Gong Xi Fa Chai....to all chinese members and Happy Holiday to all...may this year will bring prosperous in our trading...huhuhuh!! already close juz now.. so i already profit 150 pips juz from gj today.. im using timeframe 1 hour for elliot wave..  This post has been edited by hitokiri_maniac: Feb 7 2008, 11:26 PM |
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Feb 7 2008, 11:55 PM
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Senior Member
3,158 posts Joined: Dec 2006
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 i using OXfx template...got stoch..and i plus SMA 200 and EMA 25 , 50.... i know it going down trend....that "tapau" thing eat me back.... now i tapau between 209.00 and 206.00.... look at floating .....dem!... billy...this GJ can go over 209 aaaa?....seems like to wait for a long time lor.. |
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Feb 8 2008, 12:17 AM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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if u ask me.. nope.. it will go down after this..ehhee.. juz my prediction laa..but dun worry laa.. it go up againn..ehehe
i dunno wut ur guys opinion... that my opinion laaa..judging from my elliot wave tf1 hour.. This post has been edited by hitokiri_maniac: Feb 8 2008, 01:54 AM |
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Feb 8 2008, 04:18 AM
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Junior Member
287 posts Joined: Jun 2007 From: AmPuNk
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im newbie here, and pretty intrested on forex. can someone/sifu's pm me the detail? i got zero knowledge on this. thanks.
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Feb 8 2008, 05:29 AM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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im new here too...
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Feb 8 2008, 08:40 AM
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Senior Member
3,158 posts Joined: Dec 2006
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read at baybips.com....read forexfactory forum....after that u can ask what u dont understand here...billy will help...wakakka!! ( cause billy sifu here)
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Feb 8 2008, 09:41 AM
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Senior Member
826 posts Joined: Oct 2007 From: New York, Afghanistan
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wow this is really interesting
all of u sifus do forex trading by urself? |
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Feb 8 2008, 10:18 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(normeck @ Feb 7 2008, 11:55 PM) i using OXfx template...got stoch..and i plus SMA 200 and EMA 25 , 50.... If you really want to play the Yen pairs, the GJ is the worst one for longing. Why?i know it going down trend....that "tapau" thing eat me back.... now i tapau between 209.00 and 206.00.... look at floating .....dem!... billy...this GJ can go over 209 aaaa?....seems like to wait for a long time lor.. Because BOE just cut interest rate, that is the reason that send GU & GJ down. For GJ to go over 209, you have to hope the Asian stock generally goes up and hopefully the europe stock will go up, The combination of these 2 is enough to fuel GJ back to 210. Currently Good Yen pairs such as Aud/Jpy, Nzd/jpy, Eur/jpy is worth to play long. For Eur/jpy pairs, the ECB president Trichet has mentioned yest that the europe economy has growth problems. (Well that was what I said many weeks ago, if u guys can recall in thread Ver.1) Trichet mouth has cause the Eur/jpy & Eur/Usd to fall. Then eur/Jpy recovery was fuel by green dow jones. For Usd/Jpy, some how I think the BOJ(Bank of Japan) likes to keep intervention just to make sure UJ didnt fall soo much. As for Eur/Usd? I will likely to look for a long soon as we all know the Fed from USA is still gonna cut interest rate, which will more likely to send the euro back up. This post has been edited by billytong: Feb 8 2008, 10:19 AM |
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Feb 8 2008, 10:20 AM
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Senior Member
3,158 posts Joined: Dec 2006
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me, yes...dunno about others...
can G/J touch 210???? i need it!!!!...please make news that can inject G/J go to 210....wakakakK!!!... my friend says..US dollar will be down until April....haizzzz!!! |
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Feb 8 2008, 10:28 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(normeck @ Feb 8 2008, 10:20 AM) me, yes...dunno about others... Dont be so happy first, you have to hope the stock market go up strong enough to let GJ 210. But in my opinion after what the Trichet said, I think the europe stock will not be so happy today.can G/J touch 210???? i need it!!!!...please make news that can inject G/J go to 210....wakakakK!!!... my friend says..US dollar will be down until April....haizzzz!!! Base on what the news report that will come out today, I think today we will see more euro sell off, it is a good plan to take another long @ bottom soon. This post has been edited by billytong: Feb 8 2008, 10:44 AM |
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Feb 8 2008, 01:14 PM
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Senior Member
826 posts Joined: Oct 2007 From: New York, Afghanistan
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do u guys start with a large capital?
how much did u guys begin with? |
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Feb 8 2008, 03:49 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(billytong @ Feb 8 2008, 10:28 AM) Dont be so happy first, you have to hope the stock market go up strong enough to let GJ 210. But in my opinion after what the Trichet said, I think the europe stock will not be so happy today. trichet does said that got possiblity ECB will cut interest rate.... Base on what the news report that will come out today, I think today we will see more euro sell off, it is a good plan to take another long @ bottom soon.  so ppl will sell more euro... |
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Feb 8 2008, 04:42 PM
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Junior Member
28 posts Joined: May 2006
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@bily tong, does fxcm also giv interest if d money put in acount n not traded?
celakak, never thought will GU will go down so much. hopefuly yesterday is selling climx day though. IMHO, EU still looks fine... it stil trading in its tradin range.. still no clear sign where it will headin... edited: its low yat 82, using my bro laptop This post has been edited by slay_tee: Feb 8 2008, 04:44 PM |
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Feb 8 2008, 06:20 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(-Adrian- @ Feb 8 2008, 01:14 PM) do u guys start with a large capital? im starting with RM360 or $100 USD....micro account...how much did u guys begin with? |
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Feb 8 2008, 06:42 PM
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Senior Member
826 posts Joined: Oct 2007 From: New York, Afghanistan
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cool and how long have u been trading forex?
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Feb 8 2008, 06:57 PM
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Senior Member
3,158 posts Joined: Dec 2006
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i know Forex last year..after Raya...my friend introduce me with FXsol....
before that i have my workmate using marketiva..... on January i started demo on MT4 platform....play play..and then i got profit...plus i read all indicator, tried it...then come to this forum... after that I believe i can make money from this....then i start at 21st January 2008.... till now i got profit $130 USD.... thats it....but i still a LOT MORE to learn.... |
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Feb 8 2008, 08:02 PM
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Senior Member
2,410 posts Joined: Jan 2003 From: Selangor
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wow......i noe forex last year right b4 stpm exams. tried the demo avafx but dont really noe how to read those charts and how to set watsoever predefined limit.....
any1 can teach me? i mean a guru or tutor for this? is there any forex that i can use paypal to pay? *notes: can i ask these kinda Qs here? |
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Feb 8 2008, 08:39 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(hitokiri_maniac @ Feb 8 2008, 03:49 PM) trichet does said that got possiblity ECB will cut interest rate.... Well thanks to that guy's mouth, I manage close a few hundred of pips profit. so ppl will sell more euro... & was able to get in some cheap euro longs. Lets not forget our Friend Fed President Bernanke has a lot of things to cut, even thought he is botak, dont have anymore hair to cut, but I certainly he still can cut the USA interest rate. With the greater interest rate differential, I bet that alone can keep dollar under pressure.  QUOTE(slay_tee @ Feb 8 2008, 04:42 PM) @bily tong, does fxcm also giv interest if d money put in acount n not traded? Like I said GU is down. As for Eu it did fall 50 pips during the European market open,which is what I looking for & I picked up a long @ 4469. celakak, never thought will GU will go down so much. hopefuly yesterday is selling climx day though. IMHO, EU still looks fine... it stil trading in its tradin range.. still no clear sign where it will headin... edited: its low yat 82, using my bro laptop ok right now Eu need to break above 4500 to go up, it is the 4th time 4500 get rejected since I wrote this post.If it didnt pass >10pips over that level, then we will be heading down. And yes you are right lowyat82, the USD is still sux to buy, so do the euro starting to smell bad after Trichet's bad mouth. Nobody want to buy USD and they are very caution to buy euro (I'm too), which make the market confuse. If ECB confirm to cut rates(which is not likely ATM), there is a chances that euro will fall like how GU fall from 2.11 I leave the FXCM questions to the broker, please ask them. This post has been edited by billytong: Feb 8 2008, 08:45 PM |
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Feb 8 2008, 09:44 PM
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Elite
3,155 posts Joined: Sep 2005
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I just found that if we put our $ inside foreign currency Fix Deposit, such as AUD, the annual interest is 6+%. Any one doing this?
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Feb 8 2008, 11:29 PM
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Senior Member
826 posts Joined: Oct 2007 From: New York, Afghanistan
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QUOTE(normeck @ Feb 8 2008, 06:57 PM) i know Forex last year..after Raya...my friend introduce me with FXsol.... wow not bad ada profits before that i have my workmate using marketiva..... on January i started demo on MT4 platform....play play..and then i got profit...plus i read all indicator, tried it...then come to this forum... after that I believe i can make money from this....then i start at 21st January 2008.... till now i got profit $130 USD.... thats it....but i still a LOT MORE to learn....  is it difficult to keep track of the exchanges? ah lol funny timing anywayz wat about forex scams and stuff like that heard alot of it any input about it? This post has been edited by -Adrian-: Feb 8 2008, 11:39 PM |
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Feb 9 2008, 04:29 AM
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Senior Member
2,410 posts Joined: Jan 2003 From: Selangor
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was wondering....any1 looking at GPB over YEN?
This post has been edited by Netto Hikari: Feb 9 2008, 04:30 AM |
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Feb 9 2008, 08:34 AM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(-Adrian- @ Feb 8 2008, 11:29 PM) wow not bad ada profits im the one that trading in FXopen...many of us says it a scam company..and many of us too, says it is not... is it difficult to keep track of the exchanges? ah lol funny timing anywayz wat about forex scams and stuff like that heard alot of it any input about it? but for all out there, choose the best broker like FXCM...FXsol...and many of it.... like Billy said...when it come to big amout...then this broker will show their evil... QUOTE is it difficult to keep track of the exchanges? ah lol funny timing i dont understand....  i hope GJ will touch 210.00 so i can closed some open trade that cause me headache this 2 days.... next week seems a lot of GJ news ...dont know where GJ is going... |
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Feb 11 2008, 02:20 PM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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GJ had been dropping since morning, and I'm lovin it
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Feb 11 2008, 02:31 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(firedauz @ Feb 11 2008, 02:20 PM) GJ had been dropping since morning, and I'm lovin it anyway, it does shows a good sign of strength though... btw, jus notice its weekly chart does shows H&S... but its not a classic pattern as right shoulder volume is heavier than left... |
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Feb 11 2008, 03:14 PM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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EU is also on a steady rise (though slow)
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Feb 11 2008, 04:12 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(firedauz @ Feb 11 2008, 03:14 PM) EU is also on a steady rise (though slow) Well like I said in previous post once it break that 4500 more than 10 pips, thats where u see the euro start taking off. Right now let see if it bounce @ 4609-11 or not. As for Yen pairs, check Yahoo finance, the stocks is all red. I guess u know where the xxx/jpy pairs will go. = DOWN. |
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Feb 11 2008, 05:22 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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not juz yen go downnn.. even rite now.. FTSE 100, DAX ,CAC 40 also down...hehehe..
till now.. already profit 150+ pips( which are 70 pips from gj itself.. lol).. not yet rugi... still short ej pair ..hope profit later on.. hehehe.. already profit from ej juz now...eheheh This post has been edited by hitokiri_maniac: Feb 11 2008, 06:12 PM |
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Feb 11 2008, 06:45 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(hitokiri_maniac @ Feb 11 2008, 05:22 PM) not juz yen go downnn.. even rite now.. FTSE 100, DAX ,CAC 40 also down...hehehe.. how u guys noe ab connection bettwen stocks n forex? i mean any nice book u would recommend even to TA'er?till now.. already profit 150+ pips( which are 70 pips from gj itself.. lol).. not yet rugi... still short ej pair ..hope profit later on.. hehehe.. already profit from ej juz now...eheheh huhuh... my expereince in tradin increase 1 more step... get it from GU today.. think n think finally get it ^.^ |
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Feb 12 2008, 09:34 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(low yat 82 @ Feb 11 2008, 06:45 PM) how u guys noe ab connection bettwen stocks n forex? i mean any nice book u would recommend even to TA'er? It is the fundamentals the move the market, this is why I was always right in GU. There is no rocket science here. huhuh... my expereince in tradin increase 1 more step... get it from GU today.. think n think finally get it ^.^ As for Yen, Yen is always being use as carry trades, people borrow money from Yen to buy stocks because of low interest rates, when the stocks plummet, traders panic and sell stocks and demand for Yen to cover their LOAN. So it is Very obvious that the correlation between Yen and stock market is VERY TIGHT. |
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Feb 12 2008, 12:33 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Feb 12 2008, 09:34 AM) It is the fundamentals the move the market, this is why I was always right in GU. There is no rocket science here. wat im tryin to ask is, is there any book out there where it got written about this common sense...As for Yen, Yen is always being use as carry trades, people borrow money from Yen to buy stocks because of low interest rates, when the stocks plummet, traders panic and sell stocks and demand for Yen to cover their LOAN. So it is Very obvious that the correlation between Yen and stock market is VERY TIGHT. btw, thanks for d info ab Yen... |
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Feb 12 2008, 08:02 PM
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Senior Member
2,497 posts Joined: May 2005
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i've got USD200 with me. should i change it into RM or just hold it? USD seems to be dropping now.
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Feb 12 2008, 09:46 PM
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Junior Member
20 posts Joined: Feb 2006
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im playing with demo account from fccast and using its fxcast pro software.. may i know is ther any diff between mt4 and the platform provided by fxcast?
beside, may i know wher can i get the news tat will affect forex? is that movement of share for a country wil affect its currency as well?thanz.. |
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Feb 12 2008, 11:10 PM
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Junior Member
13 posts Joined: Jul 2007
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if using metatrader....you can put in signal on d chart
go to the forexfactory.com or forexpeacearmy.com for the news calendar |
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Feb 13 2008, 10:23 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(billytong @ Feb 11 2008, 04:12 PM) Right now let see if it bounce @ 4609-11 or not. And there is the 4611 bounce I am looking for. Miss by 2 pips which is 4613 Still holding a couples of euro longs, planing to TP @ 1.4800This post has been edited by billytong: Feb 13 2008, 10:23 AM |
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Feb 13 2008, 10:30 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Feb 13 2008, 10:23 AM) And there is the 4611 bounce I am looking for. uhuhu.... so keng ler u... anyway, thanks for d number.. does these number u mentioned happen continously more than 8times in d time frame u were lookin at?if yup, i guess these number will happen till infinity... Miss by 2 pips which is 4613 Still holding a couples of euro longs, planing to TP @ 1.4800 |
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Feb 13 2008, 10:44 AM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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Had a good run yesterday night, very slow long on GJ but worth the wait
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Feb 13 2008, 11:09 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(low yat 82 @ Feb 13 2008, 10:30 AM) uhuhu.... so keng ler u... anyway, thanks for d number.. does these number u mentioned happen continously more than 8times in d time frame u were lookin at?if yup, i guess these number will happen till infinity... Something like that, but I cannot be always right all the time. Besides looking at the market keep hitting the numbers, I also judge base on fundamentals, momentum, the previous bounce level. Normally the euro likes to break slightly below/above previous bounce level or turn down slightly below/above the previous top.The Yest bull was triggered by a surprise better than expected German ZEW. Right now the key level is 4611,4628, and the euro need to stay above 4547 to retain its bullish form. Because looking @ previous time frame it has been keep messing around there. Of cause the fundamentals always come first, should the USA retail sales come out a surprise green. then u will see euro dive back down to retest 4500, 4488. as for Normeck, there is ur 210.xx GJ I hope u are happiest man now. This post has been edited by billytong: Feb 13 2008, 11:16 AM |
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Feb 13 2008, 01:17 PM
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Senior Member
3,158 posts Joined: Dec 2006
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thankz billy....for GJ..I cant stand any longer, just..take 2 pips profit, then closed...kekekke!!!
now just wait to take the profit on "tapau".... BTW...i see billy playing EU....maybe he's on standard account....20 pips profit was big enough....not like mine...GJ on micro account....  enjoy... |
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Feb 13 2008, 01:45 PM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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QUOTE(normeck @ Feb 13 2008, 01:17 PM) thankz billy....for GJ..I cant stand any longer, just..take 2 pips profit, then closed...kekekke!!! gj hanging right now... now just wait to take the profit on "tapau".... BTW...i see billy playing EU....maybe he's on standard account....20 pips profit was big enough....not like mine...GJ on micro account.... enjoy...  u dont use any indi?.. |
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Feb 13 2008, 01:47 PM
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Senior Member
3,158 posts Joined: Dec 2006
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i used indicator...why u asked that?...u see my open trade aaa?..kekekekek!!
This post has been edited by normeck: Feb 13 2008, 01:49 PM |
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Feb 13 2008, 01:55 PM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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I wish LYN have a live-chatroom function - I would've posted it in the first post so that we can have live discussions whenever we do our trading at different opening market and news updates.
Good/bad idea? |
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Feb 13 2008, 02:07 PM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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QUOTE(normeck @ Feb 13 2008, 01:47 PM) i used indicator...why u asked that?...u see my open trade aaa?..kekekekek!! no...u oni taking small pips oni...waste on spread,,,QUOTE(firedauz @ Feb 13 2008, 01:55 PM) I wish LYN have a live-chatroom function - I would've posted it in the first post so that we can have live discussions whenever we do our trading at different opening market and news updates. yes...but we can have ym conference... Good/bad idea?  |
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Feb 13 2008, 02:42 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(normeck @ Feb 13 2008, 01:47 PM) i used indicator...why u asked that?...u see my open trade aaa?..kekekekek!! Your best indicator is finance.yahoo.com = Watch the stocks. |
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Feb 13 2008, 02:44 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(firedauz @ Feb 13 2008, 01:55 PM) I wish LYN have a live-chatroom function - I would've posted it in the first post so that we can have live discussions whenever we do our trading at different opening market and news updates. That probably will eat a lot of LYN server resource if everyone use the chatroom. Good/bad idea? Theres plenty chatroom we can use, YM conference, skype, ventrilo (need a server), teamspeak( need a server), gotomeeting, etc. But will you guys participate in the live discussion? Yes? No?  For me, I already change to daily timeframe trader(medium term trader?). Dont have the time to monitor the market every hours. So as for discussion, i dont think i can discuss anything except for higher timeframe. Or we can discuss strategy or learn something from each other. (But i wont teach my main strategy. )Edited: well if most of you really want a discussion, just head to ForexFactory malaysia thread instead. Theres plenty of discussion there. Added on February 13, 2008, 2:48 pm QUOTE(billytong @ Feb 13 2008, 02:42 PM) Your best indicator is finance.yahoo.com = Watch the stocks. Might as well be a stock trader then if always watch the stock but dont know what stock affect the forex market . I still blur on this fundamental thingy. Theres other method by analyzing the COT report. Do you know how to read it? This post has been edited by Quincy: Feb 13 2008, 02:51 PM |
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Feb 13 2008, 03:02 PM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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how about ym?..im always online...add me at dsesb@yahoo.com
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Feb 13 2008, 03:03 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(Quincy @ Feb 13 2008, 02:44 PM) Might as well be a stock trader then if always watch the stock but dont know what stock affect the forex market Actually what I am trying to say is, you just watch the direction of the overall stocks. If major stocks are crashing then the xxx/jpy pairs will be going down, while if the stock overall is going up the Yen pairs will generally going up. . I still blur on this fundamental thingy. Theres other method by analyzing the COT report. Do you know how to read it? The only factors that affect the xxx/jpy, is the xxx fundamentals, for example, GJ is affected by UK economy too. And you should also pay attention on Japan interest rate policy(which IMO they hardly change). Most of the time the xxx/Jpy pairs movement is drive by Dow Jones & FTSE Mainly and Asian stocks as well. Spend your time watch how the Yen pairs move with the stock market. You need to spend enough time to earn money in FX, there is no easy way. |
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Feb 13 2008, 03:08 PM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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QUOTE(Oly @ Feb 13 2008, 02:07 PM) yes...but we can have ym conference... QUOTE(Quincy @ Feb 13 2008, 02:44 PM) That probably will eat a lot of LYN server resource if everyone use the chatroom. Theres plenty chatroom we can use, YM conference, skype, ventrilo (need a server), teamspeak( need a server), gotomeeting, etc. But will you guys participate in the live discussion? Yes? No? LYN once had a live-chatroom stickied in Kopitiam (for a week), it didn't have much of a problem Good question on participation using online messenger, but that is the thing, who will contact who at what time. But if its a dedicated chatroom located in the first post, anyone can come in to chat, discuss, leave a message - all in real-time. Well, just a suggestion (if anyone supports it, I thought of bringing the idea to the Feedback section), since I think it is also applicable for the Stock Exchange sub-section. Practically since these 2 topics (forex and stocks) are non-Kopitiam materials, where we will only discuss on the financial trading issues. |
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Feb 13 2008, 03:12 PM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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QUOTE(firedauz @ Feb 13 2008, 03:08 PM) LYN once had a live-chatroom stickied in Kopitiam (for a week), it didn't have much of a problem how about here?..can leave signal too...Good question on participation using online messenger, but that is the thing, who will contact who at what time. But if its a dedicated chatroom located in the first post, anyone can come in to chat, discuss, leave a message - all in real-time. Well, just a suggestion (if anyone supports it, I thought of bringing the idea to the Feedback section), since I think it is also applicable for the Stock Exchange sub-section. Practically since these 2 topics (forex and stocks) are non-Kopitiam materials, where we will only discuss on the financial trading issues. |
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Feb 13 2008, 05:38 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE Actually what I am trying to say is, you just watch the direction of the overall stocks. If major stocks are crashing then the xxx/jpy pairs will be going down, while if the stock overall is going up the Yen pairs will generally going up. The only factors that affect the xxx/jpy, is the xxx fundamentals, for example, GJ is affected by UK economy too. And you should also pay attention on Japan interest rate policy(which IMO they hardly change). Most of the time the xxx/Jpy pairs movement is drive by Dow Jones & FTSE Mainly and Asian stocks as well. Spend your time watch how the Yen pairs move with the stock market. You need to spend enough time to earn money in FX, there is no easy way. this was very helpful and informative....thankz again... i got one quetion FTSE = +ve Nikkei = -ve so the graph will be up or down? my answer is the graph will be going upwards... |
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Feb 13 2008, 06:01 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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Normally the European stocks put heavier weight than Asian. And of cause, Dow Jones is the main guy. See the Dow Jones first.
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Feb 13 2008, 06:44 PM
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Senior Member
4,081 posts Joined: Aug 2005
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can we put all these important info at d pront page? easier ma..
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Feb 13 2008, 10:29 PM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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***/yen spikes are awesome now
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Feb 13 2008, 10:42 PM
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Senior Member
3,158 posts Joined: Dec 2006
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GJ is killing me right now....will it go up to 213??...please dont...enough is enough!!!
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Feb 13 2008, 11:18 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Feb 13 2008, 10:42 PM) GJ is killing me right now....will it go up to 213??...please dont...enough is enough!!! as i said b4, GJ does shows strength... i still cant see any kaputin sign yet.. same also wit GU |
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Feb 13 2008, 11:20 PM
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Senior Member
3,158 posts Joined: Dec 2006
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how you know it show strength?
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Feb 13 2008, 11:28 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Feb 13 2008, 11:20 PM) how you know it show strength? from analysis from date around 21/1/08 till present... i look at d bar spread's opening n closin n coupled wit volume + MA... its a sign of strength |
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Feb 13 2008, 11:41 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(normeck @ Feb 13 2008, 10:42 PM) GJ is killing me right now....will it go up to 213??...please dont...enough is enough!!! IF it go to 214.00 , Then my daily term analysis say it is uptrend. And if look at the PA, theres Pin bar and hammer showing reversal to uptrend as well. But we just have to wait what the market gonna tell us. It still possible that right now is ranging in daily, who knows.This post has been edited by Quincy: Feb 13 2008, 11:43 PM |
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Feb 14 2008, 09:07 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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What can you expect? The Taiko --> Dow Jones is up over 178points, then the Nikkie following it now is +up 338 points as I type now, fueling more upside strength. Not to mention we still have HangSeng coming in later on. But Asian stock only move Yen pairs a little compare to Dow Jones.
How many times I told you guys, forget about all the tech indicators,it is useless. Your best indicators is Dow Jones. Please have one Live Stock index chart when u are trading Yen pairs. This post has been edited by billytong: Feb 14 2008, 09:10 AM |
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Feb 14 2008, 11:53 AM
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Junior Member
317 posts Joined: Jun 2006
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can recommend me a good broker with least spread? 1 pip on EU? preferably from US.
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Feb 14 2008, 02:46 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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how about oanda ???u check their spread.. thier spreads are among the lowest.. gj is 4 pips spread rite???..although oanda not offer fixed spread..
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Feb 14 2008, 04:23 PM
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All Stars
11,954 posts Joined: May 2007
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QUOTE(hitokiri_maniac @ Feb 14 2008, 02:46 PM) how about oanda ???u check their spread.. thier spreads are among the lowest.. gj is 4 pips spread rite???..although oanda not offer fixed spread.. fxtrade offer fixed spreadbut increase the spread when news |
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Feb 14 2008, 06:06 PM
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All Stars
15,192 posts Joined: Oct 2004
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EU is damn.. I always loss on it.
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Feb 14 2008, 08:46 PM
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Senior Member
876 posts Joined: Jan 2003 From: Tokyo, London, Singapore, KL, Space
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Thank you BOE report, you give me good long luving
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Feb 14 2008, 09:34 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Feb 14 2008, 09:07 AM) What can you expect? The Taiko --> Dow Jones is up over 178points, then the Nikkie following it now is +up 338 points as I type now, fueling more upside strength. Not to mention we still have HangSeng coming in later on. But Asian stock only move Yen pairs a little compare to Dow Jones. bro... i feel u... but if we all coupled up wit our TA n ur FA, i think our probability of profit will b higher...How many times I told you guys, forget about all the tech indicators,it is useless. Your best indicators is Dow Jones. Please have one Live Stock index chart when u are trading Yen pairs. im still new in this forex, so i hope u can help me n others to go through these patchy road of forex... anyway, i always confident wit my TA skill... tradin in stocks does teach me d meanin of patience n managing my emotions better... i still remember clearly wats my feelin on 17th ogos 2007...cold sweat drippin from my forehead,heart pumpin like crazy... feelin dat i never felt b4... |
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Feb 14 2008, 10:39 PM
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Junior Member
269 posts Joined: Jan 2003 From: OHh S#%t , I'm LoSt!!!
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i'm new to this forex thinggy..
currently playing demo account at www.moneyforex.com ...thinking to open mini account at moneyforex .. it is reliable broker? here's my trades since last night.. mostly EURUSD  |
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Feb 15 2008, 12:58 AM
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Junior Member
152 posts Joined: Aug 2007
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anyone interested in forex managed account please PM me for details... target return 100% profit in 3 months...
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Feb 15 2008, 10:08 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(low yat 82 @ Feb 14 2008, 09:34 PM) bro... i feel u... but if we all coupled up wit our TA n ur FA, i think our probability of profit will b higher... Yes, my friend, never expect your trade position to be right all the time. There are times that we have drawdowns, or in the wrong side. But always expect what to do in the event that the market go against you. I dont put emotion that I must win on a certain trade, I just trade according of what the market give me. Follow the flow. I can sleep with -ve 2000 pips, and already figured a plan how to counter it. Always plan b4 you take a trade. Trading is very simple one. im still new in this forex, so i hope u can help me n others to go through these patchy road of forex... anyway, i always confident wit my TA skill... tradin in stocks does teach me d meanin of patience n managing my emotions better... i still remember clearly wats my feelin on 17th ogos 2007...cold sweat drippin from my forehead,heart pumpin like crazy... feelin dat i never felt b4... As for Yen pairs, try to look at Dow Jones index when you take a trade. With your TA + Ur belove Dow Jones, I am sure you will be the happiest person on earth. |
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Feb 15 2008, 12:23 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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ya ya.. like last night... dow jones got down really hard.. hence uj down giler...hehehee
plus bernanke last night.. there will high possibility bernanke of fed reserve will cut rates... i expect usd price go down more... sometimes u win.. sometimes u lose... This post has been edited by hitokiri_maniac: Feb 15 2008, 12:24 PM |
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Feb 15 2008, 01:59 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE i'm new to this forex thinggy.. try to learn 1st before go into Live trading...once u got ur style..then go with it....and please read at forexfactory and babypips.com..currently playing demo account at www.moneyforex.com ...thinking to open mini account at moneyforex .. it is reliable broker? for the broker....go to fxcm...like billy... QUOTE i want to ask, demo/practice account for forex using forex broker is using real statistic or not? i think its real statistic.... QUOTE anyone interested in forex managed account please PM me for details... target return 100% profit in 3 months... thats cool...but try to make return profit in 1 month... QUOTE Yes, my friend, never expect your trade position to be right all the time. There are times that we have drawdowns, or in the wrong side. But always expect what to do in the event that the market go against you. I dont put emotion that I must win on a certain trade, I just trade according of what the market give me. Follow the flow. I can sleep with -ve 2000 pips, and already figured a plan how to counter it. Always plan b4 you take a trade. Trading is very simple one. biggrin.gif thats right billy....i want to say so..but my english suck!..u just pointed out what i think....but for the moment i cant sleep with -2000 pips woooo!...... As for Yen pairs, try to look at Dow Jones index when you take a trade. With your TA + Ur belove Dow Jones, I am sure you will be the happiest person on earth. laugh.gif and lastly...  enjoyed!!! This post has been edited by normeck: Feb 15 2008, 02:02 PM |
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Feb 15 2008, 03:10 PM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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oh shit normeck...gj aint going down for now...
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Feb 15 2008, 03:21 PM
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Senior Member
3,158 posts Joined: Dec 2006
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shit happens...now i just can see only...@@
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Feb 15 2008, 03:22 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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GJ aint going down because @ the time I posted this comment is the Asian stock is recovering. Check finance.Yahoo.com and compare the stock chart with GJ one. It is almost the same.
Oh Shi--, Normeck Sorry to see you having that. IF Dow Jones tonight go green color then the GJ will go up, then GOD bless your acc. This post has been edited by billytong: Feb 15 2008, 03:22 PM |
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Feb 15 2008, 04:17 PM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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what can i said...shit happen...i lost 400 usd last dicember...
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Feb 15 2008, 05:59 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(jack2 @ Feb 14 2008, 06:06 PM) EU is damn.. I always loss on it. as for me, i won most pips on EU while always lose on GUQUOTE(ijatz @ Feb 15 2008, 12:10 AM) i want to ask, demo/practice account for forex using forex broker is using real statistic or not? sure real statistics lar.Added on February 15, 2008, 6:06 pmhow many people here use stoploss when you trade? i always do. but by putting a stoploss seem mechanical/objective already. This post has been edited by woopypooky: Feb 15 2008, 06:06 PM |
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Feb 15 2008, 08:09 PM
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Senior Member
3,158 posts Joined: Dec 2006
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come down more babeh..! i hope DJ will negative too..(i think so cause the news say so is'nt?)...
thankz for teach me looking at Stock Market.....lets buy BMW together..kekek! |
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Feb 16 2008, 11:40 PM
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Junior Member
152 posts Joined: Aug 2007
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anyone interested managed account? PM me please. live past performance + 1 month live trades will be given
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Feb 17 2008, 12:13 PM
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Newbie
1 posts Joined: Feb 2007
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anybody here use crownforex........with one pip spread......any comment
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Feb 17 2008, 02:06 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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QUOTE(myredace @ Feb 17 2008, 12:13 PM) anybody here use crownforex........with one pip spread......any comment i've done some searching on the net about crown forex b4, there are some very bad feedback about them. i prefer to stay away. |
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Feb 17 2008, 02:15 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(teleboss2u @ Feb 16 2008, 11:40 PM) anyone interested managed account? PM me please. live past performance + 1 month live trades will be given lowest is how much? |
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Feb 17 2008, 06:57 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Feb 15 2008, 08:09 PM) come down more babeh..! i hope DJ will negative too..(i think so cause the news say so is'nt?)... bro... mayb u shud read books ab risk management... it seems u risk alot n hav many open trades... god bless u..thankz for teach me looking at Stock Market.....lets buy BMW together..kekek! |
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Feb 17 2008, 08:10 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(low yat 82 @ Feb 17 2008, 06:57 PM) bro... mayb u shud read books ab risk management... it seems u risk alot n hav many open trades... god bless u.. Agree, risk come first reward come after. Sometimes unexpected thing will happen, when u are wrong, u need some margin to open positions on the otherside OR adding position to average up/down to fix your prob. I always have a plan in mind should the market swing up and down 1000pips. If you overleverge yourself one blow you will wipe out almost all your income and you are back to square one again. |
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Feb 17 2008, 10:15 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE bro... mayb u shud read books ab risk management... it seems u risk alot n hav many open trades... god bless u.. thankz..hope it will bounce back at 213.50 and go down to 206.50...(need 3 month maybe or maybe not) QUOTE Agree, risk come first reward come after. Sometimes unexpected thing will happen, when u are wrong, u need some margin to open positions on the otherside OR adding position to average up/down to fix your prob. I always have a plan in mind should the market swing up and down 1000pips. If you overleverge yourself one blow you will wipe out almost all your income and you are back to square one again. thankz for the Dow Jones....it really help me.... |
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Feb 17 2008, 10:21 PM
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Junior Member
152 posts Joined: Aug 2007
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QUOTE(woopypooky @ Feb 17 2008, 02:15 PM) lowest is how much? usd10k minimum...targeted return 60% a month... |
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Feb 17 2008, 10:21 PM
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Senior Member
1,194 posts Joined: Nov 2006
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i'm familiar with the stock market but not forex....
im interested in learning forex, mind to recommend any gd books? thx ! |
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Feb 17 2008, 10:32 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(xeNOS @ Feb 17 2008, 10:21 PM) i'm familiar with the stock market but not forex.... hhuhu.. same kaki here.. lets leran together gether im interested in learning forex, mind to recommend any gd books? thx ! 1st of all go to babypips ^.^ |
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Feb 17 2008, 11:05 PM
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Senior Member
1,194 posts Joined: Nov 2006
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QUOTE(low yat 82 @ Feb 17 2008, 10:32 PM) hhuhu.. same kaki here.. lets leran together gether hope v can 888 in 2008 ! thx for info keep it coming in 1st of all go to babypips ^.^ |
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Feb 18 2008, 12:27 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(normeck @ Feb 17 2008, 10:15 PM) thankz for the Dow Jones....it really help me.... No problem mate, Wishing you in 10yrs driving Porsche Cayman.  Dow Jones + Yen pairs is fueled with money. |
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Feb 18 2008, 01:32 PM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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seem like GJ is going to long...
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Feb 18 2008, 09:58 PM
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Senior Member
4,081 posts Joined: Aug 2005
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hmmm... wonder today GU will b down day wit low volume...
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Feb 19 2008, 04:45 AM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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seem now gu going up...will reach 195.3* before retrace...
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Feb 19 2008, 01:01 PM
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Senior Member
3,158 posts Joined: Dec 2006
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please elaborate me on this...
when Nikkei UP = GJ down?...why? when Dow jones UP = GJ will be up? ...why? i dont understand... |
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Feb 19 2008, 03:39 PM
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Junior Member
13 posts Joined: Jul 2007
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Nikkei = Japan
Wen Nikkei Up = Japan Yen will go up.......will cause the GJ to go down hehe....like tis kot........... |
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Feb 19 2008, 06:55 PM
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Senior Member
2,251 posts Joined: Jan 2003 From: on da move with 3G technology
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QUOTE(normeck @ Feb 19 2008, 01:01 PM) please elaborate me on this... it's more on the fundamental analysis when Nikkei UP = GJ down?...why? when Dow jones UP = GJ will be up? ...why? i dont understand... GJ? GBP/JPY? Or u are trying to mean USD/JPY? |
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Feb 19 2008, 10:26 PM
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Senior Member
3,158 posts Joined: Dec 2006
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why US not open yet?
Added on February 19, 2008, 10:44 pmopen already... This post has been edited by normeck: Feb 19 2008, 10:44 PM |
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Feb 20 2008, 12:39 AM
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Senior Member
1,292 posts Joined: Dec 2004
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up up up, Eu is going up up up
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Feb 21 2008, 12:34 AM
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Senior Member
3,158 posts Joined: Dec 2006
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 enjoyed.. |
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Feb 21 2008, 02:02 PM
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Senior Member
1,646 posts Joined: Jun 2007
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wow..gbp/jpy got up to 214 lastnight? was hoping it would fall..luckily still on demo
normeck: a very nice swing there.. anyway...still very new to forex. Still learning to read all those indicators. Personally, Elliot waves and Parabolic seems to be effective.. just a quick question...what method of withdrawal you guys use? check? wired transaction? |
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Feb 21 2008, 02:56 PM
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Senior Member
3,158 posts Joined: Dec 2006
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GJ 214 lastnight?....no la...if got, then i'll closed that 213 #$@#$@....grr!!
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Feb 21 2008, 04:43 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(normeck @ Feb 21 2008, 02:56 PM) GJ 214 lastnight?....no la...if got, then i'll closed that 213 #$@#$@....grr!! agreed ..mine still floating since 4pm yesterday ...damned ...waiting GJ to complete wave-C ...huhu |
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Feb 21 2008, 10:03 PM
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Junior Member
169 posts Joined: May 2005
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QUOTE(normeck @ Feb 8 2008, 07:20 PM) im starting with RM360 or $100 USD....micro account... which good broker can start with $100 ? |
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Feb 21 2008, 10:16 PM
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Senior Member
3,158 posts Joined: Dec 2006
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Feb 21 2008, 11:18 PM
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Junior Member
169 posts Joined: May 2005
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QUOTE(normeck @ Feb 21 2008, 11:16 PM) any broker to recommand me?which one is reliaable? |
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Feb 21 2008, 11:22 PM
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Senior Member
3,158 posts Joined: Dec 2006
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billy-(expert) used FXCM....
me - (novice) used FXopen - (scam company) |
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Feb 22 2008, 12:22 AM
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Senior Member
2,251 posts Joined: Jan 2003 From: on da move with 3G technology
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and i use marketiva
Some screenshots  Today's earnings  Feb 19 earnings  |
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Feb 22 2008, 08:12 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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I just bank in over >500pips from this euro bull earning thousands. I still have about >600pips floating waiting to pickup soon. I hope everyone here is enjoying the bull
Right now I will be looking for Short EU around 49xx, I will be going in slowly & conservatively since there is a Fed rate cut coming in March. I dont want to get myself stuck if the euro really break 1.50. |
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Feb 22 2008, 11:29 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Feb 22 2008, 08:12 AM) I just bank in over >500pips from this euro bull earning thousands. I still have about >600pips floating waiting to pickup soon. I hope everyone here is enjoying the bull wa... congrat... btw, do u onli trade in EU? Right now I will be looking for Short EU around 49xx, I will be going in slowly & conservatively since there is a Fed rate cut coming in March. I dont want to get myself stuck if the euro really break 1.50. can tell us wats ur view in EU n GU ka? i still holdin long for GU... |
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Feb 22 2008, 11:35 AM
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Senior Member
3,158 posts Joined: Dec 2006
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500 pip in one trade?....wow!
someone care to tell me how Fibo works... im confused whether to drag its line from bottom to upper or used daily TF ...high and low.....  from pic above... should i closed GJ - 22x or GJ -47x? i read somewhere in other forum says hedging was not good.... any opinion...? This post has been edited by normeck: Feb 22 2008, 12:09 PM |
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Feb 22 2008, 11:48 AM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(billytong @ Feb 22 2008, 08:12 AM) I just bank in over >500pips from this euro bull earning thousands. I still have about >600pips floating waiting to pickup soon. I hope everyone here is enjoying the bull if u profit > 500 profit from eu bull.. mean u on the trade around end of december 2007 around 20 something of december rite???? becoz that time the price around 1.43xx... Right now I will be looking for Short EU around 49xx, I will be going in slowly & conservatively since there is a Fed rate cut coming in March. I dont want to get myself stuck if the euro really break 1.50.  |
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Feb 22 2008, 12:06 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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No, thats the bad way of trading, EU always swing up and down so why hold it? Follow the flow short it when it tops and long it dip. Simple
I mean have a couples of longs combine with a total of >500pips. Plus another 2 more remaining EU longs having >600pips still floating. As said I looking for EU shorts @ 49xx. Regarding GU, it should be coming back down. I only trade EU, but right now I do have one carry trade NJ long holding with >250pips, + collecting roll interest. It is a good deal as it pays interest handsomely everyday. This post has been edited by billytong: Feb 22 2008, 12:14 PM |
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Feb 22 2008, 12:15 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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oohh.. i thought u were swing that so longggg...
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Feb 22 2008, 06:26 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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Euro 485x top, I closed one of the 2 remaining EU longs banking another >300++pips + euro roll interest for holding since CNY.
Left one long open which was Longed from 4469. Time to look for a short. |
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Feb 22 2008, 10:12 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Feb 22 2008, 06:26 PM) Euro 485x top, I closed one of the 2 remaining EU longs banking another >300++pips + euro roll interest for holding since CNY. bro.. kful in shortin... its in 3rd valley...Left one long open which was Longed from 4469. Time to look for a short. QUOTE Regarding GU, it should be coming back down. mind tellin me y? hopefully today is up day wit high volume ^.^ there shud b another buyin point early next month... |
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Feb 23 2008, 12:19 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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dude I dont really care about what 3rd valley etc. The last thing is never long @ all time high levels. I will be shorting euro. the europe will screw themselves if the euro keep going up like this, all their economic is slow down. ECB have to cut interest soon. Hence No euro long for now.
Last long profit taken bank another 350pips. Euro short time. I am not buying GU. The best stradegy is to wait short the GU, BOE just vote 8-1 to cut interest rate, long GU is nuts. |
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Feb 23 2008, 01:43 AM
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Junior Member
418 posts Joined: Jan 2003
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Sifu Billy,
Mind sharing with me your strategy? Are you based on fundamental or technical analysis? From the posts, I gather you are a position trader. What is your Stop Loss point? Thank you. QUOTE(billytong @ Feb 23 2008, 12:19 AM) dude I dont really care about what 3rd valley etc. The last thing is never long @ all time high levels. I will be shorting euro. the europe will screw themselves if the euro keep going up like this, all their economic is slow down. ECB have to cut interest soon. Hence No euro long for now. Last long profit taken bank another 350pips. Euro short time. I am not buying GU. The best stradegy is to wait short the GU, BOE just vote 8-1 to cut interest rate, long GU is nuts. |
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Feb 23 2008, 02:50 AM
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Senior Member
1,646 posts Joined: Jun 2007
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Bloomberg just said that US stock markets are in red, and speculates that recession might be around Jun, or there would be a reversal. Also, there might be a rate cut by march. But for the time being, seeing from the charts..it seems to go short on EU. Will the relatively strong euro PMI index makes EU go bullish?
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Feb 23 2008, 04:56 AM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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Gj go up till 211.12 30 minutes ago...
Added on February 23, 2008, 5:04 amnot mine though...belong to a friend of mine...  This post has been edited by Oly: Feb 23 2008, 05:04 AM |
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Feb 23 2008, 09:17 AM
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Senior Member
3,158 posts Joined: Dec 2006
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wow! 4 lot....big capital huh....
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Feb 23 2008, 09:49 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(Justmua @ Feb 23 2008, 01:43 AM) Sifu Billy, Dont call me sifu lah. Mind sharing with me your strategy? Are you based on fundamental or technical analysis? From the posts, I gather you are a position trader. What is your Stop Loss point? Thank you. Everyone is sharing his knowledge here. I'm just sharing what I think in my mind. I'm base on fundamentals, no technicals. I dont play stop loss. None of my positions have stop loss because I dont want to get stop hunted. Before I enter a position, I already calculated the possibility of winning, then I have a plan to cover my drawdown if the market go against me. When the market turn back up, I just close my position for breakeven or with minor profit. QUOTE(small-jeff @ Feb 23 2008, 02:50 AM) Bloomberg just said that US stock markets are in red, and speculates that recession might be around Jun, or there would be a reversal. Also, there might be a rate cut by march. But for the time being, seeing from the charts..it seems to go short on EU. Will the relatively strong euro PMI index makes EU go bullish? Yes you are right, giving with the price level, no one on Earth will long high up here, unless the guy has burn his mind. The Europe have their growth problem too. Things have not surface, something like b4 US subprime,everyone was thinking US was doing good, but when the sub prime issue surface, things change. Unless their CPI go hot like from current 3.2% to 4% otherwise their growth problem is more important to them than inflation. I pretty sure the Europe growth problem will surface this year. ECB will have to cut rates at least 1-2 times to cool things down. A 25bps cut from ECB have much larger impact than Fed cutting 50bps, after they holding rates for so long now & giving the value of Euro is soo overvalue. It will drop very fast, may be to 1.40-1.43 in short period. This post has been edited by billytong: Feb 23 2008, 09:52 AM |
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Feb 23 2008, 11:00 AM
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Senior Member
1,796 posts Joined: Jan 2005
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hi to all buddies, noobie needs helps for opinion
am going uk in may, worry the pound will go back to RM7/gbp shall i buy pound now or it will not make differences? i'm not an investor but just wanna save some money |
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Feb 24 2008, 03:54 AM
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Senior Member
3,827 posts Joined: Jan 2003 From: Here On The Chair Status : Eating Donut
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QUOTE(normeck @ Feb 23 2008, 09:17 AM) wow! 4 lot....big capital huh.... he got around 290 usd...using 1:500 leverage...QUOTE(wtm0325 @ Feb 23 2008, 11:00 AM) hi to all buddies, noobie needs helps for opinion from what i heard...after election all will be the same as before...am going uk in may, worry the pound will go back to RM7/gbp shall i buy pound now or it will not make differences? i'm not an investor but just wanna save some money This post has been edited by Oly: Feb 24 2008, 03:54 AM |
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Feb 26 2008, 12:30 PM
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Senior Member
3,158 posts Joined: Dec 2006
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everyone busy aaa?...come come post ur profit...
any forecast about GJ? |
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Feb 26 2008, 04:46 PM
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Junior Member
418 posts Joined: Jan 2003
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Brother Billy,
Doesn't it contravene the law of all traders when you don't place SL. (unless yr account is huge!) There may just be 1 big loss from a bad call to wipe out all your gains.... Can you share why you don't place SL. Very difficult for me to swallow... Thanks. QUOTE(billytong @ Feb 23 2008, 09:49 AM) Dont call me sifu lah. Everyone is sharing his knowledge here. I'm just sharing what I think in my mind. I'm base on fundamentals, no technicals. I dont play stop loss. None of my positions have stop loss because I dont want to get stop hunted. Before I enter a position, I already calculated the possibility of winning, then I have a plan to cover my drawdown if the market go against me. When the market turn back up, I just close my position for breakeven or with minor profit. Yes you are right, giving with the price level, no one on Earth will long high up here, unless the guy has burn his mind. The Europe have their growth problem too. Things have not surface, something like b4 US subprime,everyone was thinking US was doing good, but when the sub prime issue surface, things change. Unless their CPI go hot like from current 3.2% to 4% otherwise their growth problem is more important to them than inflation. I pretty sure the Europe growth problem will surface this year. ECB will have to cut rates at least 1-2 times to cool things down. A 25bps cut from ECB have much larger impact than Fed cutting 50bps, after they holding rates for so long now & giving the value of Euro is soo overvalue. It will drop very fast, may be to 1.40-1.43 in short period. |
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Feb 26 2008, 05:22 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE Before I enter a position, I already calculated the possibility of winning, then I have a plan to cover my drawdown if the market go against me. When the market turn back up, I just close my position for breakeven or with minor profit. i think thats the answer lo...how he calculated it..that was his skill... |
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Feb 26 2008, 10:15 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(Justmua @ Feb 26 2008, 04:46 PM) Brother Billy, Try to think again does Warren Buffet use stop loss? He has that in his mind. I do have a stop, but this stop is place in my mind, so the broker will not stop hunt me. Doesn't it contravene the law of all traders when you don't place SL. (unless yr account is huge!) There may just be 1 big loss from a bad call to wipe out all your gains.... Can you share why you don't place SL. Very difficult for me to swallow... Thanks. Have you heard of one thing. Whenever you place a stop loss the market seems like to hit ur stop loss then turn around? I always heard traders complain about their stop loss keep getting hit. The usual practice for a normal trader is they normally place stop loss for limited loss then they dont place a take profit for unlimited profit, which to me it turn out that they keep having their stop loss get hit. As long as you practice good/risk money management, the market will not kill your acc. |
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Feb 26 2008, 10:29 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Feb 26 2008, 12:30 PM) everyone busy aaa?...come come post ur profit... haizz... my connection dead d.. thats y cant online... KANASAI MAXIS WIRELESS BROADBAND!!!!any forecast about GJ? uhuhuh... GU actin like wat i wanted now jus breakeven  but at least got earn abit from swappin QUOTE I always heard traders complain about their stop loss keep getting hit. The usual practice for a normal trader is they normally place stop loss for limited loss then they dont place a take profit for unlimited profit, which to me it turn out that they keep having their stop loss get hit. IMHO, i belief there r big players dat actually noe where is ur stop loss n TP n etc... dats y most of d time, i consider cut loss after d market close for that day... This post has been edited by low yat 82: Feb 26 2008, 10:34 PM |
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Feb 26 2008, 10:53 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(low yat 82 @ Feb 26 2008, 10:29 PM) IMHO, i belief there r big players dat actually noe where is ur stop loss n TP n etc... dats y most of d time, i consider cut loss after d market close for that day... Exactly, this is why U always see the market likes to go slightly more than those popular stop loss place. May be ur Fibo lines, etc. I only cut my loss when I think the euro will not be going there for at least a few months or more. Well by the time I reach to such decision I already earn more than my drawdown by jumping in and out from the market, so it is not really consider a total loss. This post has been edited by billytong: Feb 26 2008, 10:53 PM |
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Feb 27 2008, 03:20 PM
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Senior Member
1,292 posts Joined: Dec 2004
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wow, EU today smash through the all-time high. pity i exit my long 3 days ago. but fortunately i didnt short at the supposed resistance.
Added on February 27, 2008, 3:30 pmanyone good in elliot wave here? i 'guess' this move up from 1.4440 is the 3rd wave. pretty strong. This post has been edited by woopypooky: Feb 27 2008, 03:33 PM |
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Feb 27 2008, 09:40 PM
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Senior Member
4,081 posts Joined: Aug 2005
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today GU has hit d TP of dat chart pattern... anyway, im still holdin... waitin for sign of weakness..
ab EU, i dunno much ab EW... but from my observation n research by others.. 2nd /3rd valley is vry strong... moreover EU d last most low didnt act touch lower trendline.. GJ also show d same thing but not as strong as EU.. but shud b a good buy also... |
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Feb 27 2008, 11:10 PM
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Senior Member
3,158 posts Joined: Dec 2006
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a good buy at 213.25 make me sick.....zzzz @#@$#% GJ!!!!!
if US cut interest rate...will GJ go higher? This post has been edited by normeck: Feb 27 2008, 11:24 PM |
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Feb 27 2008, 11:30 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(normeck @ Feb 27 2008, 11:10 PM) a good buy at 213.25 make me sick.....zzzz @#@$#% GJ!!!!! rite now GJ is correction time ...waiting the market swing back for Longif US cut interest rate...will GJ go higher? EU is not bad also ..going Long for next couple of weeks ..based on my counting Elliot Wave. |
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Feb 28 2008, 12:13 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Feb 27 2008, 11:30 PM) rite now GJ is correction time ...waiting the market swing back for Long same views wit me ab EU.. mayb will consider go in... but need sometime to figure out... mayb go in if got throwbacks EU is not bad also ..going Long for next couple of weeks ..based on my counting Elliot Wave.  |
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Feb 28 2008, 12:48 AM
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Senior Member
3,158 posts Joined: Dec 2006
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before i go to sleep....
 enjoyed.... |
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Feb 28 2008, 03:16 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(normeck @ Feb 28 2008, 12:48 AM) before i go to sleep.... how much did you start for this account? it looks different from metatrader.enjoyed.... |
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Feb 28 2008, 03:45 PM
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Senior Member
3,158 posts Joined: Dec 2006
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huh?...micro account...i start with $100
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Feb 28 2008, 04:57 PM
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Senior Member
1,646 posts Joined: Jun 2007
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micro? how does your equity become $25.9K?
Added on February 28, 2008, 4:59 pmanyway..bout EU, just after the announcement by bernanke, i think the pair shot up to about 100 pips...anyone managed to make profit from the news? This post has been edited by small-jeff: Feb 28 2008, 04:59 PM |
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Feb 28 2008, 05:04 PM
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Senior Member
3,158 posts Joined: Dec 2006
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thats daily confirmation ....
$10 = 1000 This post has been edited by normeck: Feb 28 2008, 05:15 PM |
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Feb 28 2008, 08:00 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(small-jeff @ Feb 28 2008, 04:57 PM) micro? how does your equity become $25.9K? Well that guy must be out of his mind by saying inflation is under control. High oil price + lower USD = massive inflation. Even children also know this. he cant hide the inflationary data of USA for long. Sooner or later this inflation will emerge. The same goes to ECB, months ago they dare to keep shouting about possible rate hike. Now they are playing rate hold, people are looking weather ECB will rate cut or not. I would at this rate the euro go, they will force to cut sooner or later. Lets not forget the major economy country like German, France, Netherland, Italy are either export oriented country or tourism oriented. Strong euro is seriously hurting them.Added on February 28, 2008, 4:59 pmanyway..bout EU, just after the announcement by bernanke, i think the pair shot up to about 100 pips...anyone managed to make profit from the news? |
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Feb 28 2008, 09:47 PM
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Senior Member
4,081 posts Joined: Aug 2005
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close d long for GU... waitin clearer sign...
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Feb 28 2008, 10:12 PM
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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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... |
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Feb 28 2008, 11:24 PM
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Senior Member
1,646 posts Joined: Jun 2007
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just a little thought sharing as a newbie to forex:
Fundamental - long swing; suitable for weekly, monthly. High capital to avoid margin call. Technical - short term; suitable for 15mins, 1 hour, 4 hours. Low capital; 30pips Stop/Loss not really that good. Risk to news release trades. Fundamental + Technical - Mid range capital. Suitable for 1 hour, daily. I'd prefer this one. Next most useful indicator: WMA 5 WMA 20 WMA 100 Weighted Moving Average is more responsive than Exponential Moving Average. Good indication on price rebounce, and timing to enter/exit trade based on position of WMA 100 to that of WMA 5, WMA 20 and price. |
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Feb 28 2008, 11:27 PM
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Senior Member
4,081 posts Joined: Aug 2005
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 treatin this acc like real one... so, didnt trade much.. onli trade when i noe d probability to profit is more than 70% edited: resize image This post has been edited by low yat 82: Feb 28 2008, 11:59 PM |
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Feb 29 2008, 12:07 AM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(small-jeff @ Feb 28 2008, 11:24 PM) just a little thought sharing as a newbie to forex: what is MA method?Fundamental - long swing; suitable for weekly, monthly. High capital to avoid margin call. Technical - short term; suitable for 15mins, 1 hour, 4 hours. Low capital; 30pips Stop/Loss not really that good. Risk to news release trades. Fundamental + Technical - Mid range capital. Suitable for 1 hour, daily. I'd prefer this one. Next most useful indicator: WMA 5 WMA 20 WMA 100 Weighted Moving Average is more responsive than Exponential Moving Average. Good indication on price rebounce, and timing to enter/exit trade based on position of WMA 100 to that of WMA 5, WMA 20 and price. Apply to? |
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Feb 29 2008, 12:10 AM
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Senior Member
4,081 posts Joined: Aug 2005
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for movin average, i use it as support n resistance... u hav to trial n error each currency coz every1 of it has diffrent character... moreover, d MA shud b able to show it really works as support n resistance for few time period... anyway, 200MA still is d main MA either for those FA'er or TA'er jus my 2 cents... MA= moving average... some people use at as entry point... some people use it as support n resistance... n some use it as gaugin d stock / that currency sentiment This post has been edited by low yat 82: Feb 29 2008, 12:13 AM |
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Feb 29 2008, 12:14 AM
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Senior Member
3,158 posts Joined: Dec 2006
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no no... i mean the setting....
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Feb 29 2008, 12:19 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Feb 29 2008, 12:14 AM) no no... i mean the setting.... huh? wat settin? its vry easy... when d slower MA crosses faster MA, its a buyin trigger... some use 3types of MA n some people use 2 types of MA as trigger point...d original of this system is actually trend followin method..its really usefull in trendin stocks/ currency |
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Feb 29 2008, 12:30 AM
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Senior Member
3,158 posts Joined: Dec 2006
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when u open MA
there is MA method Apply to so the setting is? |
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Feb 29 2008, 12:33 AM
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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no one care to answer me ar? sad..
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Feb 29 2008, 12:37 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kimochi @ Feb 28 2008, 10:12 PM) Hi all sifu here... u mean rollover? actually all this info is at ur broker's website... jus that u lazy go search 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... anyway, i also not too usre i think d interesdt will charge on d total amount traded... |
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Feb 29 2008, 12:43 AM
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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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 ermm... i just dun understand where it applies... anyway, i also not too usre i think d interesdt will charge on d total amount traded...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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Feb 29 2008, 12:44 AM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(kimochi @ Feb 28 2008, 10:12 PM) Hi all sifu here... charge the interest based on the amount of that position you open.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... 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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Feb 29 2008, 12:46 AM
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Senior Member
3,158 posts Joined: Dec 2006
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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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Feb 29 2008, 12:47 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kimochi @ Feb 29 2008, 12:43 AM) ermm... i just dun understand where it applies... shud b 20lots lar... u borrow their money to trade wat..huhuhuthey 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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Feb 29 2008, 12:51 AM
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Senior Member
3,158 posts Joined: Dec 2006
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hey!...waht about my question?...i want to try it out...
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Feb 29 2008, 12:52 AM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(kimochi @ Feb 29 2008, 12:43 AM) ermm... i just dun understand where it applies... i think like this lar.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.. 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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Feb 29 2008, 12:56 AM
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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QUOTE(woopypooky @ Feb 29 2008, 12:52 AM) i think like this lar. phew.... so its 1%of 1000 and not of 100000..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. Thanks woopypooky.. |
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Feb 29 2008, 01:03 AM
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Senior Member
1,292 posts Joined: Dec 2004
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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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Feb 29 2008, 01:23 AM
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Junior Member
65 posts Joined: Sep 2007 From: Penang
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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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Feb 29 2008, 11:53 AM
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Senior Member
2,139 posts Joined: Nov 2007
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hi everyone,can anyone suggest a company that provide a good forex managed account?
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Feb 29 2008, 03:19 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(normeck @ Feb 29 2008, 12:30 AM) when u open MA 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).there is MA method Apply to so the setting is? 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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Feb 29 2008, 06:03 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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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). I think what normeck mean is that apply to close/open/high/low? of candlestick.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. |
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Feb 29 2008, 07:13 PM
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Senior Member
4,081 posts Joined: Aug 2005
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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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Feb 29 2008, 10:07 PM
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Senior Member
3,158 posts Joined: Dec 2006
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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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Feb 29 2008, 11:06 PM
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Senior Member
1,646 posts Joined: Jun 2007
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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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Mar 1 2008, 10:07 PM
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Senior Member
4,081 posts Joined: Aug 2005
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seems like GJ is doin reversal... headin south..
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Mar 1 2008, 10:54 PM
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3,158 posts Joined: Dec 2006
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heading south means go down?..heheh!!
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Mar 2 2008, 01:46 AM
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Senior Member
4,081 posts Joined: Aug 2005
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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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Mar 2 2008, 01:29 PM
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Junior Member
205 posts Joined: Apr 2007 From: Land Of The Head Hunter
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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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Mar 2 2008, 03:15 PM
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Senior Member
3,158 posts Joined: Dec 2006
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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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Mar 2 2008, 03:36 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(Nadia_1510 @ Mar 2 2008, 01:29 PM) 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... Learn swing trading then. Trade on daily timeframe like me Added on March 2, 2008, 1:30 pmpips pips hurayyyy 2 all traders ... . Only need to monitor once a day. |
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Mar 2 2008, 07:06 PM
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Junior Member
205 posts Joined: Apr 2007 From: Land Of The Head Hunter
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nah... im quite comfortable right now my sifoo does the trading for me... 10% profit monthly not bad liaw 4 me by doing nothing.. hehee.. 2 lazy nowdays... hehehe
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Mar 3 2008, 09:41 AM
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Senior Member
3,158 posts Joined: Dec 2006
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GJ 204.50...@_@...i think it will go down ...
Nikkei start with -3.78%...zzzz.... |
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Mar 3 2008, 11:41 AM
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Junior Member
317 posts Joined: Jun 2006
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why so many pairs opened in gaps after the weekend? anything significant here?
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Mar 3 2008, 06:06 PM
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Junior Member
418 posts Joined: Jan 2003
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Who is yr sifoo? 10% profit is nett?
QUOTE(Nadia_1510 @ Mar 2 2008, 07:06 PM) nah... im quite comfortable right now my sifoo does the trading for me... 10% profit monthly not bad liaw 4 me by doing nothing.. hehee.. 2 lazy nowdays... hehehe |
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Mar 3 2008, 08:40 PM
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Senior Member
4,081 posts Joined: Aug 2005
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 wow... ODL does gives interest rate every month for money that is not traded.... uhuhuh $10 x 3 = rm30+- edited: does other broker also give interest a? This post has been edited by low yat 82: Mar 3 2008, 08:42 PM |
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Mar 4 2008, 02:36 AM
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Junior Member
317 posts Joined: Jun 2006
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ODL uses what platform? what is the minimum account for ODL?
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Mar 4 2008, 10:02 AM
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Junior Member
30 posts Joined: Aug 2005
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hi to everyone here ^-^ been reading tis post for vry long but nv posted
I m not a newbie or an experience trader but at the vry lease i know how to trade... hope to enjoy making $$$ wif u guys here ^-^ |
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Mar 4 2008, 10:27 AM
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Senior Member
756 posts Joined: Jan 2003 From: Kuala Lumpur
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any tips for today trade guys?? kinda not having any signal for trade today..what pair do you all trade anyway. me juz trade gbp/usd and gbp/jpy. and still learning to read the trend...
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Mar 4 2008, 11:23 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(tuo850 @ Mar 4 2008, 10:27 AM) any tips for today trade guys?? kinda not having any signal for trade today..what pair do you all trade anyway. me juz trade gbp/usd and gbp/jpy. and still learning to read the trend... if u cant see any sign, jus sit bc n relax... Added on March 4, 2008, 11:36 am QUOTE(rpg @ Mar 4 2008, 02:36 AM) ODL uses what platform? what is the minimum account for ODL? it uses MT4.. min acc opening is $2000This post has been edited by low yat 82: Mar 4 2008, 11:36 AM |
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Mar 4 2008, 12:43 PM
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Senior Member
3,158 posts Joined: Dec 2006
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welcome to all traders....I'm still a newbie also....don't afraid to ask ...i also asking some silly question....if all the sifu kind a lazy to answer it..they just show all the link and web...heheheh!!...than its up to us la....kekkeke!!!
for me :  G/J ..for now im afraid to open a trade..cause im still wondering..is it the lowest of G/J now?.....if it recession...why the Gov cant do anything to make it bounce back?.....  see the floating...  now my capital USD170.... This post has been edited by normeck: Mar 4 2008, 12:48 PM |
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Mar 4 2008, 01:20 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(normeck @ Mar 4 2008, 12:43 PM) welcome to all traders....I'm still a newbie also....don't afraid to ask ...i also asking some silly question....if all the sifu kind a lazy to answer it..they just show all the link and web...heheheh!!...than its up to us la....kekkeke!!! your account is live or demo? for me : G/J ..for now im afraid to open a trade..cause im still wondering..is it the lowest of G/J now?.....if it recession...why the Gov cant do anything to make it bounce back?..... see the floating... now my capital USD170.... I am now doing daily time frame.. Banked in 865 pips last week |
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Mar 4 2008, 01:22 PM
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Junior Member
30 posts Joined: Aug 2005
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normeck, to trade wif yen pairs... plz look at the stocks and tats the best indicators for yen pairs. The stocks r going red tis few days n the yen pairs r unwinding...
And if u hav a small account, plz dun over trade. Tat'll be dangerous when u open too many positions. As for me i trade in eu and waiting for the right timing to look for a short ontop. This post has been edited by JavaOne: Mar 4 2008, 01:24 PM |
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Mar 4 2008, 03:27 PM
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Senior Member
3,158 posts Joined: Dec 2006
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my account is Live one....
can tell me aaa.... if Nikkei going red, so GJ will be down? what about this combination... NIkkei = Red DJ = RED Nikkei = green Dj = green Nikkei = green Dj = Red Nikkei = red Dj = green sorry...I'm not into economics study.... |
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Mar 4 2008, 03:55 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(normeck @ Mar 4 2008, 03:27 PM) my account is Live one.... good luck to u..... floating 24k can tell me aaa.... if Nikkei going red, so GJ will be down? what about this combination... NIkkei = Red DJ = RED Nikkei = green Dj = green Nikkei = green Dj = Red Nikkei = red Dj = green sorry...I'm not into economics study.... |
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Mar 4 2008, 04:42 PM
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Senior Member
1,333 posts Joined: Jan 2003 From: secret
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hey peeps,
i've joined in the fun, by using a demo account. I have briefly went through babypips.com (in one night's time, only went through pre-school and kindergarten) and went to FXCM and dl'ed and used their demo this afternoon. It's just for fun. hehe.. but gosh it's addictive. I tried buying and selling quickly and have done the following transactions for an hour. Those negative amounts are due to margin call (just found out what it is really about ), they closed all open positions. haha.. i just kept buying and selling but didnt close them. So if exclude the item that was forcedfully closed, I have more than 15% return in an hour. w00h00.. this game (still is a game for me) is so cool. =)Attached thumbnail(s) 
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Mar 4 2008, 05:13 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(hikari @ Mar 4 2008, 04:42 PM) hey peeps, huhuhu.. good for u... but if add emotions, it will b abit more difficult...i've joined in the fun, by using a demo account. I have briefly went through babypips.com (in one night's time, only went through pre-school and kindergarten) and went to FXCM and dl'ed and used their demo this afternoon. It's just for fun. hehe.. but gosh it's addictive. I tried buying and selling quickly and have done the following transactions for an hour. Those negative amounts are due to margin call (just found out what it is really about ), they closed all open positions. haha.. i just kept buying and selling but didnt close them. So if exclude the item that was forcedfully closed, I have more than 15% return in an hour. w00h00.. this game (still is a game for me) is so cool. =) |
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Mar 4 2008, 05:35 PM
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Senior Member
3,158 posts Joined: Dec 2006
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oit lowyaT....answer my question laa....
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Mar 4 2008, 06:11 PM
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Senior Member
756 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(normeck @ Mar 4 2008, 05:35 PM) oit lowyaT....answer my question laa.... i dun think its that simple..many thing have to consider. This post has been edited by tuo850: Mar 4 2008, 06:13 PM |
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Mar 4 2008, 06:13 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hm..i'm thinking of getting a live account. normeck, when you withdraw thru wire-transfer, they charge you $40? quite an expensive withdrawal. Anyway, anyone live on fxcm? it's a direct $1 = $1 ya (where 1pip = $1)?
bout the GJ chart you posted, it seems like it'll going to bounce off the slower MA. Since the slowest MA (yellow) is so high above, i'll say go short all the way, until there's a definate crossover on the purple and red MA (if your yellow MA is set at 100, and the price is bout 10-20 pips to the MA100). but then, i might be horribly wrong. |
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Mar 4 2008, 06:15 PM
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Senior Member
756 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(small-jeff @ Mar 4 2008, 06:13 PM) hm..i'm thinking of getting a live account. normeck, when you withdraw thru wire-transfer, they charge you $40? quite an expensive withdrawal. Anyway, anyone live on fxcm? it's a direct $1 = $1 ya (where 1pip = $1)? TT transfer charger depend on your broker and which bank your deal with. My broker charge usd15-usd40 and public bank charge rm15. Nowadays, they juz directly transfer to my maybank account. heheh hassle free.bout the GJ chart you posted, it seems like it'll going to bounce off the slower MA. Since the slowest MA (yellow) is so high above, i'll say go short all the way, until there's a definate crossover on the purple and red MA (if your yellow MA is set at 100, and the price is bout 10-20 pips to the MA100). but then, i might be horribly wrong. How much is the value of your 1 pip it also depend on what type of account you open and how many lot you open. This post has been edited by tuo850: Mar 4 2008, 06:18 PM |
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Mar 4 2008, 06:38 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Mar 4 2008, 03:27 PM) my account is Live one.... u mean this question? dunno lar... my economy really shitty 1...can tell me aaa.... if Nikkei going red, so GJ will be down? what about this combination... NIkkei = Red DJ = RED Nikkei = green Dj = green Nikkei = green Dj = Red Nikkei = red Dj = green sorry...I'm not into economics study.... Added on March 4, 2008, 6:49 pm QUOTE bout the GJ chart you posted, it seems like it'll going to bounce off the slower MA. Since the slowest MA (yellow) is so high above, i'll say go short all the way, until there's a definate crossover on the purple and red MA (if your yellow MA is set at 100, and the price is bout 10-20 pips to the MA100). but then, i might be horribly wrong. some info ab Triangles, Ascending... data from stock market research... shud b more or less same wit forex QUOTE Downward Breakouts Bull Market Bear Market Performance rank 9 out of 21 9 out of 21 Break-even failure rate 11% 3% Change after trend ends 52% 47% Volume trend Downward Downward Pullbacks 49% 45% Percentage meeting price target 68% 66% Surprising findings: Downward breakouts have the lowest failure rates for small price moves. Pullbacks hurt performance. Performance is best without a breakout day gap. Tall patterns perform better than short ones. Performs better with light breakout volume. This post has been edited by low yat 82: Mar 4 2008, 06:49 PM |
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Mar 4 2008, 07:05 PM
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Senior Member
1,333 posts Joined: Jan 2003 From: secret
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QUOTE(low yat 82 @ Mar 4 2008, 05:13 PM) huhuhu.. good for u... but if add emotions, it will b abit more difficult... yeah if i play with real money i also sure damn stress.. hehe.. but i think i'll stick with demo for a very long time before i get my hair wet |
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Mar 4 2008, 07:21 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(hikari @ Mar 4 2008, 07:05 PM) yeah if i play with real money i also sure damn stress.. hehe.. but i think i'll stick with demo for a very long time before i get my hair wet yar.. u shud... or trade small small in malaysia stock market |
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Mar 4 2008, 07:38 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(tuo850 @ Mar 4 2008, 06:15 PM) TT transfer charger depend on your broker and which bank your deal with. My broker charge usd15-usd40 and public bank charge rm15. Nowadays, they juz directly transfer to my maybank account. heheh hassle free. i'm planning to use mini acc on FXCM. considering 1 open 1 lot, 1 pip = $1 ya..btw, how to direct transfer to maybank? i have maybank2u, but still couldnt figure out how to transfer for deposit and withdraw..How much is the value of your 1 pip it also depend on what type of account you open and how many lot you open. jsut got back home..GJ did continue bearish.. hope i'll be lucky like this everytimeThis post has been edited by small-jeff: Mar 4 2008, 07:49 PM |
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Mar 4 2008, 09:37 PM
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Senior Member
3,158 posts Joined: Dec 2006
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im not using TT transfer...
but u can used m2u to do TT transfer...check it out.. |
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Mar 4 2008, 09:57 PM
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Senior Member
4,081 posts Joined: Aug 2005
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any here got msn ka? thought wanna live chattin...uhuhuh
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Mar 4 2008, 11:40 PM
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Senior Member
3,158 posts Joined: Dec 2006
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hahah....i want to...but seems like im not pro...better stick to forum la...hehe!
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Mar 4 2008, 11:52 PM
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Senior Member
3,833 posts Joined: Oct 2006 From: Shah Alam
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who's is a profitable forex trader in here. please guide me to make profit from forex.
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Mar 4 2008, 11:55 PM
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Senior Member
3,158 posts Joined: Dec 2006
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everyone here is a profitable forex trader...but we dont look at the profit..we always look how to trade efficiently...and how long u can be at this forex field...
guide to make profit? how i want to say aaa? for me...see the right signal to buy and sell...then u will make profit ... |
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Mar 5 2008, 12:01 AM
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Senior Member
4,081 posts Joined: Aug 2005
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hai yor... chit chat must pro then can meh? jus chit chat maa... exchange each other opinion ma...
@kurtkob78, normal chit chat n exchange idea can lar.. if u wan expert, better go forexfactory lor...huuhuh |
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Mar 5 2008, 02:51 AM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(low yat 82 @ Mar 5 2008, 12:01 AM) hai yor... chit chat must pro then can meh? jus chit chat maa... exchange each other opinion ma... Normal chit chat can with me, but since Im trading daily theres practically nothing to chat everyday @kurtkob78, normal chit chat n exchange idea can lar.. if u wan expert, better go forexfactory lor...huuhuh But since you play stock also, can ask you about opening acc, setting, and trade the stock |
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Mar 5 2008, 09:13 AM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm...i'm having some problems with setting limit. each time the price went thru the limit, it wouldnt close the position, which i ended up losing. however, SL works fine though, which makes me lose as well..
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Mar 5 2008, 09:33 AM
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Senior Member
3,158 posts Joined: Dec 2006
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let say u take profit at 205.00...i think it will not closed until 205.00 + spread reached.....is it true other sifu?.....(not so confident with the answer..#$@^%)
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Mar 5 2008, 09:34 AM
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Junior Member
8 posts Joined: Mar 2008
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Attend for FRee Seminar and discuzz for FOREX...please PM me |
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Mar 5 2008, 10:06 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(normeck @ Mar 5 2008, 09:33 AM) let say u take profit at 205.00...i think it will not closed until 205.00 + spread reached.....is it true other sifu?.....(not so confident with the answer..#$@^%) yesterday's was bout 10 pips over the limit, the other times, reached over 20 pips still not closed..  i think maybe my connection not that good, sometimes i lost connection, maybe that's why it wouldnt close the position when limit is reached. summary: try not to use weak streamyx!! |
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Mar 5 2008, 11:39 AM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(small-jeff @ Mar 5 2008, 10:06 AM) yesterday's was bout 10 pips over the limit, the other times, reached over 20 pips still not closed.. What do you mean for limit? i think maybe my connection not that good, sometimes i lost connection, maybe that's why it wouldnt close the position when limit is reached. summary: try not to use weak streamyx!! Is it Pending Order Buy/Sell limit? or Take Profit? If take profit, it does not matter about your connection, since once you put the take profit value, it already been input into the server. But for trailing stoploss is a diffrent story, since the input is in your metatrader client, so your client have to be connected to the internet for the trailing stoploss to work. |
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Mar 5 2008, 12:30 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Quincy @ Mar 5 2008, 02:51 AM) Normal chit chat can with me, but since Im trading daily theres practically nothing to chat everyday actually i wanna chit chat more ab FA... coz my FA really shit... But since you play stock also, can ask you about opening acc, setting, and trade the stock stock r? now didnt monitor much.. coz too many counter.. moreover stock in malaysia is handicap match.. cannot short.. now onli lookin 2-3 counter...settin r? more or less same wit d system i use for forex... jus need to trial n error to find d best MA as support n resistance... |
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Mar 5 2008, 01:29 PM
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Junior Member
317 posts Joined: Jun 2006
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i been trading for 1 year already. still havent found any profit. didnt lose either. account just go up and down.
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Mar 5 2008, 01:56 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(low yat 82 @ Mar 5 2008, 12:30 PM) actually i wanna chit chat more ab FA... coz my FA really shit... Yeah my FA also sucks....stock r? now didnt monitor much.. coz too many counter.. moreover stock in malaysia is handicap match.. cannot short.. now onli lookin 2-3 counter...settin r? more or less same wit d system i use for forex... jus need to trial n error to find d best MA as support n resistance... |
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Mar 5 2008, 03:18 PM
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Senior Member
3,158 posts Joined: Dec 2006
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what is FA? Falcon Assault ? hahaha!!
QUOTE i been trading for 1 year already. still havent found any profit. didnt lose either. account just go up and down. if u serious about Forex..u will find ur own indicator and make something about it... ... |
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Mar 5 2008, 04:35 PM
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Junior Member
11 posts Joined: Jul 2006
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hi everybody...
i'm still new here... welcome to me~ hehe i just curious here... when i'm using trailing stop, it seems doesn't work. The TP doesnt trail with the trend, it just hit the earlier TP that i set.. That;s why i cannot make money...rugi some more... luckily its only micro-account. |
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Mar 5 2008, 05:23 PM
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Senior Member
3,158 posts Joined: Dec 2006
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which platform? MT4?
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Mar 5 2008, 07:13 PM
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Senior Member
1,333 posts Joined: Jan 2003 From: secret
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almost "died'ed" when GJ fluctuate like crazy today.. although only playing with demo, it's so scary!! but a last, the fluctuation made me 1.6k using 5.3k account balance (30%). Have some losses but gained it back later..
my report for my 2nd day. If it's real money, i'll be rich haha! w00t w00t! but i will not be tempted.. let's see for another 2-6 months then i'll probably throw in some money Attached thumbnail(s) 
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Mar 5 2008, 07:53 PM
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Junior Member
30 posts Joined: Aug 2005
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lol... hikari, best to practice playing as if ur demo is real then u'll hav same habbit when playing REAL money...
I treat my demo as real money and how to place good position |
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Mar 5 2008, 09:00 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(JavaOne @ Mar 5 2008, 07:53 PM) lol... hikari, best to practice playing as if ur demo is real then u'll hav same habbit when playing REAL money... IMHO, there always a diffrent between real money wit virtual n tradin small lots wit big lots... I treat my demo as real money and how to place good position demo is just to test ur tradin system n risk management.... i would suggest after u comfortable wit d tradin platform n ur tradin skill, use a lil bit of money to trade... |
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Mar 5 2008, 09:39 PM
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Senior Member
3,833 posts Joined: Oct 2006 From: Shah Alam
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QUOTE(normeck @ Mar 5 2008, 03:18 PM) what is FA? Falcon Assault ? hahaha!! It's fundamental analysis. People who expert in FA and TA can trade really good. Usually people who know about economics know fundamental analysis. I wish i can learn and be expert about FAif u serious about Forex..u will find ur own indicator and make something about it... ... |
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Mar 5 2008, 10:29 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(hikari @ Mar 5 2008, 07:13 PM) almost "died'ed" when GJ fluctuate like crazy today.. although only playing with demo, it's so scary!! but a last, the fluctuation made me 1.6k using 5.3k account balance (30%). Have some losses but gained it back later.. right now GJ in wave 4 now ..the worst ever wave ...still in correction period my report for my 2nd day. If it's real money, i'll be rich haha! w00t w00t! but i will not be tempted.. let's see for another 2-6 months then i'll probably throw in some money my advice , dont ever trade when market sideway like pair GJ , time frame TF4H .. |
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Mar 5 2008, 10:32 PM
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Senior Member
3,158 posts Joined: Dec 2006
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good to see this topic alive....and new members join us to make this forex more fun!
@hikari i see u open 3 trade at 1 time...maybe for the moment, i cant do that...floating -24k... if i can clear all that, than i will start to open 3 trade at a time...heheh! yep...im also not doing anything for GJ...dont know whether it go up or down ... This post has been edited by normeck: Mar 5 2008, 10:34 PM |
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Mar 6 2008, 12:28 AM
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Senior Member
1,646 posts Joined: Jun 2007
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what happened to USD? got so weak from 1800 local time...everything went super long against USD..
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Mar 6 2008, 02:53 AM
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Junior Member
317 posts Joined: Jun 2006
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QUOTE(kurtkob78 @ Mar 5 2008, 09:39 PM) It's fundamental analysis. People who expert in FA and TA can trade really good. Usually people who know about economics know fundamental analysis. I wish i can learn and be expert about FA dun think so lah. if like that, all those who major in economics, get degree, master, phd come out can play forex and be millionaire liao lo.... ahahaha.but maybe combine TA and FA is another thing. there is only 2 ways to earn money in FOREX, 1 is to become forex broker , the other is hold seminar and sell books. LOL. The more time i spent in FOREX, the more sceptical i become. |
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Mar 6 2008, 08:20 AM
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Senior Member
3,158 posts Joined: Dec 2006
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  enjoyed!... one of my trade just closed.... now my margin can breath free.... |
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Mar 6 2008, 02:06 PM
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Newbie
3 posts Joined: May 2007
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.. very cemburu when seeing your guys earn some money in forex trading, i just joined the real world of forex..
and found that USUALLY the money won JUST LOST in split of seconds.. like yestreday, early morning (ps : i'm using cmsforex) i had gained 35pips.. then in the evening, while making another trade, lost around 30pips.. anybody has vt trader AUTO Trade system which works well? I may consider to share 10% of the profit to him |
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Mar 6 2008, 05:18 PM
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All Stars
15,192 posts Joined: Oct 2004
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Forex is legal in Malaysia?
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Mar 6 2008, 06:27 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hm...i'm still wondering...would $1k be just good for a mini acc..at fxcm, margin required per $10k lot is $50. So, I'll need to lose 950 pips to get margin call. Considering i lose 50 pips per trade (which is very hardly, unless i'm asleep), i need to lose 20 trades continuously. So, you guys think $1k for a mini is good? It's for a 30 min trade anyway, not for swinging.
i heard that some forumers here are using fxopen for a micro ya? no problem with m2u? |
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Mar 6 2008, 08:28 PM
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Senior Member
3,158 posts Joined: Dec 2006
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at the moment..when u gave fxopen deposit...using maybank2u still dont have problem....
at the moment, i cant withdraw due to my floating....i will try to withdraw when my floating become zero ..thats mean another 2 or 3 month )from other forum, fxopen member dont have any problem withdraw their money... This post has been edited by normeck: Mar 6 2008, 08:56 PM |
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Mar 6 2008, 11:19 PM
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Senior Member
3,833 posts Joined: Oct 2006 From: Shah Alam
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what is the best and easy to use mt4 broker for malaysian people. I want to try the demo. I have tried forex many time. But still cannot make profit consistently. Nevermind, i will try again
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Mar 6 2008, 11:34 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kurtkob78 @ Mar 6 2008, 11:19 PM) what is the best and easy to use mt4 broker for malaysian people. I want to try the demo. I have tried forex many time. But still cannot make profit consistently. Nevermind, i will try again means u use d wrong system.. or u holdin on ur losses when u act need to cut loss accordin to ur tradin plan.. |
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Mar 7 2008, 09:15 PM
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Senior Member
1,646 posts Joined: Jun 2007
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seeing on how my friends trades, which often losses, it seems that they might have something in common.
1) due to stop loss (inappropriate SL for inappropriate time frame) 2) chasing market too closely 3) unable to identify price bounce and crosses anyway, USD is at the weakest point against EURO for the past decade or so. any insights that EU will go bearish anytime soon? |
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Mar 7 2008, 10:14 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(small-jeff @ Mar 7 2008, 09:15 PM) seeing on how my friends trades, which often losses, it seems that they might have something in common. Add point no 4 there 1) due to stop loss (inappropriate SL for inappropriate time frame) 2) chasing market too closely 3) unable to identify price bounce and crosses 4) unable to define trend and know/trade its direction |
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Mar 8 2008, 12:55 AM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE seeing on how my friends trades, which often losses, it seems that they might have something in common. 1) due to stop loss (inappropriate SL for inappropriate time frame) 2) chasing market too closely 3) unable to identify price bounce and crosses 4) unable to define trend and know/trade its direction 5) emotionally traders add no 5 there... |
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Mar 8 2008, 01:50 AM
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Senior Member
555 posts Joined: Oct 2007
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o hai guys.
i've been a little entranced by forex and i'm busy reading babypips.com now from scratch. i actually intend to put some effort in this anyway, has the russians cutting off gas to ukraine caused any probs with the euro? |
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Mar 8 2008, 03:13 AM
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Senior Member
3,158 posts Joined: Dec 2006
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 weekly report... afraid G/J will bouce back....less trade...and aim to clear those floating.. enjoyed |
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Mar 8 2008, 10:05 AM
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Senior Member
1,646 posts Joined: Jun 2007
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well..from my indicator of a 4h chart...the price is expected to bounce a little. It might hoop and bounce on WMA20 for another 2-3 times till the next crossover. But..for it to reach 213.xx...it'll take kinda long time..assuming it does bounce back up.
Added on March 8, 2008, 10:20 amp/s also take note that MA-s are converging on the 4h chart..good time to hedge (maybe on monday)? This post has been edited by small-jeff: Mar 8 2008, 10:20 AM |
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Mar 8 2008, 12:27 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 8 2008, 10:05 AM) well..from my indicator of a 4h chart...the price is expected to bounce a little. It might hoop and bounce on WMA20 for another 2-3 times till the next crossover. But..for it to reach 213.xx...it'll take kinda long time..assuming it does bounce back up. mind show some pic.? wat 4th chart?Added on March 8, 2008, 10:20 amp/s also take note that MA-s are converging on the 4h chart..good time to hedge (maybe on monday)? |
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Mar 8 2008, 12:29 PM
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Senior Member
3,158 posts Joined: Dec 2006
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not 4th la...4H chart...
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Mar 8 2008, 12:37 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Mar 8 2008, 12:29 PM) not 4th la...4H chart... ooo.. i actually open 2 shorts position... wit drawdown of -125pips n -86pips...uhuhuh... |
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Mar 8 2008, 01:44 PM
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Senior Member
3,158 posts Joined: Dec 2006
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shorts on GJ aa?....don't worry la...me 206.00 still can clear...kekek!!...
low yat..u don't try other indicator aa?...just stick with one? |
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Mar 8 2008, 04:10 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Mar 8 2008, 01:44 PM) shorts on GJ aa?....don't worry la...me 206.00 still can clear...kekek!!... im not too worry about GJ goin down... jus that d rollover intrest rate r killin me softly low yat..u don't try other indicator aa?...just stick with one? wat other indicator to change? no lor.. IMHO, its better u master 1 system than havin noe this system abit that system abit... |
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Mar 8 2008, 05:38 PM
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Senior Member
3,158 posts Joined: Dec 2006
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yea yea...i agree with u...
for the moment my indicator was ok...but need to add Fibo indicator... try searching at forexfactory....got a lot...but still searching for the best one and 'eye candy' a little bit.... |
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Mar 8 2008, 05:56 PM
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Senior Member
1,646 posts Joined: Jun 2007
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ever tried reading articles on www.investopedia.com? quite resourceful too...
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Mar 8 2008, 09:14 PM
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Junior Member
317 posts Joined: Jun 2006
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anyone can explain about NFP?
touted as the no.1 fundamental indicator for FOREX but i dont know how to decipher it. the data is bullish or bearish for US dollar? previous : -22K forecast : 25K actual : -63K This post has been edited by rpg: Mar 8 2008, 09:15 PM |
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Mar 10 2008, 11:54 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(rpg @ Mar 8 2008, 09:14 PM) anyone can explain about NFP? dunno much ab FA touted as the no.1 fundamental indicator for FOREX but i dont know how to decipher it. the data is bullish or bearish for US dollar? previous : -22K forecast : 25K actual : -63K sorry bro... btw, wats NFP??but, it seems like d data r unexpected due to total opposite from forecast... so,i think its a bearish thingy.. jus close 1 short position for GJ... still got another 1... |
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Mar 11 2008, 12:44 AM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm...i've been testing on the difference on WMA and EMA. i used a period of 5 on each indicator (close). when the price goes bullish and bearish, both lines shows converging and diverging respectively. during reversal, both lines are seperated with greatest width. anyone interested can have a look.
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Mar 11 2008, 02:02 AM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(low yat 82 @ Mar 10 2008, 11:54 PM) dunno much ab FA NFP = Non Farm Payroll, happens on friday of first week every month. sorry bro... btw, wats NFP??but, it seems like d data r unexpected due to total opposite from forecast... so,i think its a bearish thingy.. jus close 1 short position for GJ... still got another 1... |
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Mar 11 2008, 09:52 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(normeck @ Mar 8 2008, 03:13 AM) weekly report... afraid G/J will bouce back....less trade...and aim to clear those floating.. enjoyed Stop losses must be place inside ur mind, not in the trading platform. I have been hugely addicted to an old online game = Anarchy Online. Its free and fun to play. Will continue to take a trade break until I get boring on this game. This post has been edited by billytong: Mar 11 2008, 09:53 AM |
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Mar 11 2008, 11:48 AM
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Senior Member
1,292 posts Joined: Dec 2004
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i think GJ will go down. for a few days.
Added on March 11, 2008, 11:54 am QUOTE(normeck @ Mar 8 2008, 05:38 PM) yea yea...i agree with u... u can always change the color of the indicator that people made. Use meta editor to open the indicator. Then replace any colour name with different colour name that you like. And press the compile button.for the moment my indicator was ok...but need to add Fibo indicator... try searching at forexfactory....got a lot...but still searching for the best one and 'eye candy' a little bit.... very simple actually. i used to think its very hard, but then i tell myself if i am going to stare at this thing day after day, might as well make it look 'pleasant' for myself. This post has been edited by woopypooky: Mar 11 2008, 11:54 AM |
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Mar 11 2008, 09:34 PM
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Senior Member
3,833 posts Joined: Oct 2006 From: Shah Alam
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what good broker has free demo play and also has gold price ?
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Mar 11 2008, 09:59 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(kurtkob78 @ Mar 11 2008, 09:34 PM) what good broker has free demo play and also has gold price ? fxcm... |
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Mar 12 2008, 12:22 PM
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Senior Member
1,292 posts Joined: Dec 2004
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northfinance also have gold and silver.
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Mar 12 2008, 02:42 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(woopypooky @ Mar 12 2008, 12:22 PM) northfinance also have gold and silver. dun go for north finance... jus my 2 cents... its not registered company in belize city,... email them, but didnt reply me when i ask ab their registration... |
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Mar 13 2008, 08:42 AM
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Junior Member
136 posts Joined: Aug 2006
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i am with north finance without any single probs..they r using metatrader platform..
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Mar 13 2008, 12:47 PM
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Senior Member
1,292 posts Joined: Dec 2004
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i guess northfinance is ok if you invest less than 10,000. more than that, is quite risky.
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Mar 13 2008, 09:34 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(rayzs @ Mar 13 2008, 08:42 AM) i am with north finance without any single probs..they r using metatrader platform.. i act vry satisfied wit their service... fast execution n flat spread... but they didnt even registered in belize city... its same to say its a company yg tidak berdaftar dengan kerajaan tempatan!! |
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Mar 13 2008, 11:07 PM
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Junior Member
138 posts Joined: Nov 2004
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Hi there all,
I am also just getting into the game of FOREX, so for now will still be reading up on the necessities, but meanwhile I am researching which 'broker firm' is better to go with? Is the local Capital Holdings any good? And if i were to used sites like ODL and all, their withdrawal methods are good and fast enough (i.e. electronic bank transfer)? Thanks for all the info guys! |
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Mar 14 2008, 11:49 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(lord_shadow @ Mar 13 2008, 11:07 PM) Hi there all, If i got more than US5000, i will go for ODL Securities. They have 30 pairs as well as oil, silver, gold. Although their min to open account is US2000, but they dont offer micro lots.I am also just getting into the game of FOREX, so for now will still be reading up on the necessities, but meanwhile I am researching which 'broker firm' is better to go with? Is the local Capital Holdings any good? And if i were to used sites like ODL and all, their withdrawal methods are good and fast enough (i.e. electronic bank transfer)? Thanks for all the info guys! Less than that amount i would go for IBFX. Dunno about Capital Holdings, but isnt local forex broker are illegal? This post has been edited by woopypooky: Mar 14 2008, 11:51 PM |
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Mar 15 2008, 01:35 AM
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Junior Member
138 posts Joined: Nov 2004
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I have actually looked at ODL, FxSolutions, and Oanda. I think it's pretty easy to get used to their software but what I'm worried is the withdrawal and deposit method. Any recommendations for beginners?
What would you all suggest to the best method for withdrawals and deposits with Oanda (or other sites)? Paypal or bank transfer? Anyone has suggestions on which site to use is better? I think better to start small first so definitely won't be USD5000. |
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Mar 15 2008, 11:53 PM
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All Stars
52,874 posts Joined: Jan 2003
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US dollar bounces back from record lows
By YVONNE TAN yvonne@thestar.com.my PETALING JAYA: The US dollar bounced back from record lows yesterday on talk that central banks would intervene in the foreign exchange market. However, expectations of a hefty rate cut by the Federal Reserve (Fed) and the weak US economy continued to undermine investor confidence in the greenback, analysts said. RAM Holdings Bhd group chief economist Dr Yeah Kim Leng said: "Given that the financial markets are pricing in at least another 50 to 75-basis-point cut in the Fed's fund rate next week, the dollar weakness will be exacerbated. "We may see the ringgit dipping below the psychological RM3 per US dollar mark in tandem with the strengthening of other Asian currencies." The greenback fell to a record low against the euro and a 12-year low versus the yen on Thursday after increasing credit-market losses threatened the stability of hedge funds. The weaker-than-expected US retail sales in February also helped drag down the currency to its lowest level in decades. On Thursday, the dollar, the world's largest reserve currency, fell to as low as 1.5651 to a euro and below 100 yen for the first time since 1995. The dollar, however, rose yesterday after securities firms speculated that central banks would take action and intervene to curb the currency's slide. The unit traded at 1.5577 euro early yesterday and at 100.41 yen after sliding to 99.77 on Thursday. The US Dollar Index traded on the ICE Futures, the benchmark that measures the dollar's performance against six major currencies, hit a record low of 71.701 points yesterday. Aseambankers economist Ahmad Saifuddin Morat said he would not be surprised if the ringgit reached 3.0 to the dollar by the end of this year. "The appreciation is faster than expected," he said.The ringgit was slightly lower against the dollar at 3.1600/1650 at 5pm yesterday against 3.1560/1600 at Thursday's close. Dealers maintained that the ringgit would extend its gains as the Fed was expected to cut the Federal funds rate next week, causing the dollar to face another round of selling. RAM's Yeah said the downtrend in Malaysia's exports to the United States would continue into this year unless local exporters reduced prices to maintain market share there. "Rather than just the exchange rate, further adjustments in the global imbalance will have to come in the form of stimulating higher domestic demand in the Asian countries," he added. URL: http://biz.thestar.com.my/news/story.asp?f...36&sec=business |
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Mar 16 2008, 01:08 AM
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Senior Member
3,833 posts Joined: Oct 2006 From: Shah Alam
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QUOTE(lord_shadow @ Mar 15 2008, 01:35 AM) I have actually looked at ODL, FxSolutions, and Oanda. I think it's pretty easy to get used to their software but what I'm worried is the withdrawal and deposit method. Any recommendations for beginners? i think u can try trading in demo first. If u can make a profit after 2 months in same account. Then u can trade with real money. I have been trading with virtual money and havent make it to profit yet What would you all suggest to the best method for withdrawals and deposits with Oanda (or other sites)? Paypal or bank transfer? Anyone has suggestions on which site to use is better? I think better to start small first so definitely won't be USD5000. |
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Mar 16 2008, 01:10 AM
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Junior Member
138 posts Joined: Nov 2004
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I am trying in demo and would just like to know which one is better, and of course get some sorta reviews from the experienced ones
More concerned with which is the best deposit and withdrawal methodHmm I must be lucky then, the first day i played EUR/USD, I made a profit of USD1409 not bad eh hahahah most probably lucky but I did time it correctly watching the trend for that day, but again most probably beginner's luck This post has been edited by lord_shadow: Mar 16 2008, 01:11 AM |
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Mar 16 2008, 01:21 AM
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Senior Member
3,833 posts Joined: Oct 2006 From: Shah Alam
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that is first day. try keep it for 2 months. then u can be bill gates
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Mar 16 2008, 01:17 PM
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Senior Member
3,158 posts Joined: Dec 2006
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hi...
why everyone so quiet?... 14 March 2008....its the end of my 1st Journey.... thankz to GJ...cause touch at 199.95 well...enjoyed!!   i'll be back.... This post has been edited by normeck: Mar 16 2008, 01:24 PM |
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Mar 16 2008, 06:07 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Mar 16 2008, 01:17 PM) hi... wow.. u really bc to where u begin.. same wit me also why everyone so quiet?... 14 March 2008....its the end of my 1st Journey.... thankz to GJ...cause touch at 199.95 well...enjoyed!! i'll be back.... currently still holdin my shorts for GJ... 400+ pips... |
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Mar 16 2008, 07:34 PM
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Senior Member
1,646 posts Joined: Jun 2007
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GJ is at the lowest point of its support at 100. It even reached out to 99.xx on friday..i believe it's time to go long, sit and wait...for a long time..
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Mar 17 2008, 12:19 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 16 2008, 07:34 PM) GJ is at the lowest point of its support at 100. It even reached out to 99.xx on friday..i believe it's time to go long, sit and wait...for a long time.. huhuuh... do u think so? i doubt that though..if not mistaken people said GJ is vry influence by stock market.. for now DJI 12000 support had been broken... its most likely continue to go south... |
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Mar 17 2008, 03:16 AM
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Senior Member
1,292 posts Joined: Dec 2004
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U guys mean GJ or UJ ?
cos UJ is at 100, and GJ is at 200. |
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Mar 17 2008, 01:35 PM
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Senior Member
1,646 posts Joined: Jun 2007
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ops...i was mentioning about UJ...not GJ..UJ will continue to go south? hmm..it's already at its record breaking low...
Added on March 17, 2008, 8:55 pmwow...UJ dropped below 96.xx...is greenback doing really that bad?? Added on March 17, 2008, 9:07 pmthe spreads are very high...havent read the news lately..any idea what's causing this? This post has been edited by small-jeff: Mar 17 2008, 09:07 PM |
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Mar 17 2008, 09:34 PM
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Senior Member
1,292 posts Joined: Dec 2004
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Treasury International Capital Net Long-Term Transactions??
tats the only big news out today. At 14 GMT, half an hour ago. |
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Mar 19 2008, 08:06 AM
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Senior Member
1,646 posts Joined: Jun 2007
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guys...i'm having some trouble trying to exit a losing position. From what i've experienced, using SL aint good at all. I usually close the position manually when i believe there's no rebounce or strong pullback going to happen soon. What do you guys use to exit a losing position?
see from my past trades, i lost bout 160 pips!! a little too late..   |
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Mar 19 2008, 11:33 AM
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Senior Member
3,158 posts Joined: Dec 2006
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there is something i think for a past few days..when i lost at -2000 pips(2 open trade, buying at 213.xx)
u should have stop lost at 100 above i think.... why? if u lose today,..u would gain it back tomorrow or later... or u want to lose it all(margin call?)..... its ok if u lose 160 pip now... u will get it back tomorrow or later... what if cannot get back??? answer : theres something wrong with ur understanding in Forex..so get Demo 1st.... a good trader..will have that losing and winning.... so..dont get sad/feel bad..when u loose 160 pip...i bet u will get it back later.... p/s: this is what i learn when i lost my Live trading.... |
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Mar 19 2008, 01:13 PM
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Senior Member
1,646 posts Joined: Jun 2007
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haha..not feeling sad cause i lost 160 pips..was just wondering if there's any better way to indicate trend reversal, or at least being able to identify that the trend aint going to change its direction anytime soon..
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Mar 19 2008, 10:07 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 19 2008, 01:13 PM) haha..not feeling sad cause i lost 160 pips..was just wondering if there's any better way to indicate trend reversal, or at least being able to identify that the trend aint going to change its direction anytime soon.. IMHO, if u noe EW, i think it will benefit u as it can forecast when its gonna b trend change...anyway, there is so many ways, but i dunno its ok or not... u can try out candlestick analysis or bar chart analysis or MA(as support n resistance) or anything u comfortable wit... above all, risk management still is d most important, it will determine how long u will b in busines of forex..to safe ur leg from been eaten by shark, u can actually use triple frame comfirmation... at least forex is better than stock.. coz u cant see how many traders r quein for that certain price...if u can see how many people q'n, u scare out of shit... edited: IMHO, u can look at volume as double confirmation.... i think u can hav a read a book titled Encyclopedia of Chart Patterns... its a good book, although d research is done in stock market, i belief it can b use in forex as both also invovle human emotion... This post has been edited by low yat 82: Mar 19 2008, 10:13 PM |
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Mar 19 2008, 10:54 PM
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Junior Member
426 posts Joined: Dec 2007
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i'm new in forex..
i don know anything.. does anyone can teach me?? im very interested.. how to start?? pls pm me.. |
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Mar 19 2008, 11:00 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(rexoxo @ Mar 19 2008, 10:54 PM) i'm new in forex.. go babypips.comi don know anything.. does anyone can teach me?? im very interested.. how to start?? pls pm me.. if u really interested, i belief u can pick up slowly urself... we all were act still learnin |
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Mar 19 2008, 11:05 PM
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Junior Member
426 posts Joined: Dec 2007
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QUOTE(low yat 82 @ Mar 19 2008, 11:00 PM) go babypips.com just wanna ask..if u really interested, i belief u can pick up slowly urself... we all were act still learnin what is the suitable budget to start?? 100usd enough?? and what forex broker to use?? This post has been edited by rexoxo: Mar 19 2008, 11:11 PM |
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Mar 19 2008, 11:19 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(rexoxo @ Mar 19 2008, 11:05 PM) just wanna ask.. diffrent people difffrent risk it can take.. u try demo acc n u will figure out how much is enough...treat it as real money...what is the suitable budget to start?? 100usd enough?? |
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Mar 20 2008, 12:42 AM
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Senior Member
1,646 posts Joined: Jun 2007
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haha..i know bout all the risk management and stuffs..i'm using 3 diff WMA to identify crosses and bounces. just wondering if anyone has better way of identifying. currently on a demo, out of 30 straight trades, i lost 4...hmm..still figuring how to better refine my entry/exit.
Actually, i dont have exit plans.. (since i set the limit to only 10pips)anyway, went to forexfactory for some remedy, found something quite interesting, not sure you guys tried it before: 1) CCI (50) - above 0 go long, below 0 go short 2) SMA 39/39 (High/Low) - candlestick closes above/below the channel, long/short respectively. Though this one aint too accurate, only bout 70% good on back testing. |
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Mar 20 2008, 12:54 AM
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Senior Member
2,155 posts Joined: May 2005
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hmm..i am new in this forex thingy too...not bad....nice tool for me.
Good Luck everybody |
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Mar 20 2008, 01:29 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 20 2008, 12:42 AM) haha..i know bout all the risk management and stuffs..i'm using 3 diff WMA to identify crosses and bounces. just wondering if anyone has better way of identifying. currently on a demo, out of 30 straight trades, i lost 4...hmm..still figuring how to better refine my entry/exit. if u ask me, 70% is a good record... but when does d back test done?i mean d date d test been conducted? wats d biggest drawdown? biggest profit?Actually, i dont have exit plans.. (since i set the limit to only 10pips)anyway, went to forexfactory for some remedy, found something quite interesting, not sure you guys tried it before: 1) CCI (50) - above 0 go long, below 0 go short 2) SMA 39/39 (High/Low) - candlestick closes above/below the channel, long/short respectively. Though this one aint too accurate, only bout 70% good on back testing. WMA if not mistaken is more prone wit whipsawed,... mayb u need confirmation like candlestick analysis? or pivotal point analysis.. dunno... edited: mIssfROGY, good luck to u too This post has been edited by low yat 82: Mar 20 2008, 01:30 AM |
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Mar 20 2008, 01:37 AM
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Senior Member
2,155 posts Joined: May 2005
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QUOTE(rexoxo @ Mar 19 2008, 10:54 PM) i'm new in forex.. I also new....fairly easy to learn. i don know anything.. does anyone can teach me?? im very interested.. how to start?? pls pm me.. I see my bf play...he explain to me abit....and i just play. Btw...no idea wats pips and all.....i just see ada untung i take profit...so far so good geh this tactic. (sometimes dunno much is better) Lowyat82  This post has been edited by mIssfROGY: Mar 20 2008, 01:38 AM |
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Mar 20 2008, 01:46 AM
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Senior Member
3,158 posts Joined: Dec 2006
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small jeff
are talking about perfect indicator than can see trend reversal and bla bla bla? QUOTE I usually close the position manually when i believe there's no rebounce or strong pullback going to happen soon. the bold one u should work out more.... thats mean you have something wrong with ur reading the indicator + fundemental This post has been edited by normeck: Mar 20 2008, 01:48 AM |
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Mar 20 2008, 01:50 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Mar 20 2008, 01:46 AM) small jeff huhuhu...HOLY GRAIL system a...i doubt it exist.. if got, no need put cut loss lor... are talking about perfect indicator than can see trend reversal and bla bla bla? Added on March 20, 2008, 1:53 ammy metatrader dun hav fibonacci retracement of 123.6%/138.2%/150% how to add this o? This post has been edited by low yat 82: Mar 20 2008, 01:53 AM |
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Mar 20 2008, 11:53 AM
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Senior Member
1,646 posts Joined: Jun 2007
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ooh..no no..i dont believe such thing as holy grail either. Anyway, this is just for sharing...who knows...it might suit you
For the WMA, when the faster WMA5/20 is near to the slower WMA100, usually i'll avoid trading there. Prone to rebounce. Also, notice the smaller rebounce of WMA5 on the WMA20. As for the SMA39/39 channel, notice the candlestick's opening out of the channel, shown by red arrow. It is a hefty profit if it's in the 70%. Ofcourse, you'll need you other indicators to use along with this...you aint wanna use this when it's going sideways..  |
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Mar 20 2008, 12:16 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(low yat 82 @ Mar 20 2008, 01:50 AM) Added on March 20, 2008, 1:53 ammy metatrader dun hav fibonacci retracement of 123.6%/138.2%/150% how to add this o? then right click the chart, select object list, and double click the 'fibo' then u can add it at 'fibo levels' there. U can also make it to show the price on the fib lines. To do this, add (%$) on the description. Example; Level - 0.382 Description - 38.2(%$) |
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Mar 20 2008, 10:10 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(woopypooky @ Mar 20 2008, 12:16 PM) first u draw fibs on your chart. wow.. thanks man!!! then right click the chart, select object list, and double click the 'fibo' then u can add it at 'fibo levels' there. U can also make it to show the price on the fib lines. To do this, add (%$) on the description. Example; Level - 0.382 Description - 38.2(%$) how's ur tradin? im in process of openin real acc Added on March 20, 2008, 10:21 pm@small-jeff, nice stuff.... if u free, mayb u wan to back test it n do a complete research on it... IMHO, Mechanical Trading Systems-Pairing Traders Psychology with Technical Analysis by richard l. weissman is a good book to start with.. anyway, dats d onli book i read ab how to do thorough research This post has been edited by low yat 82: Mar 20 2008, 10:21 PM |
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Mar 20 2008, 10:55 PM
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Senior Member
1,646 posts Joined: Jun 2007
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ooh? they have it in MPH? or is it an ebook? sigh...trying to save money for a live acc...
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Mar 20 2008, 11:08 PM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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@Small Jeff
How much u plan to start with ? Now I plan to start with USD 1k and focus on only 1 pair.. XAG/USD May I know ..Normally you Diversify or Focus and which pair ? |
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Mar 20 2008, 11:14 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 20 2008, 10:55 PM) ooh? they have it in MPH? or is it an ebook? sigh...trying to save money for a live acc... dunnoo... u can try find e book well, dats d powerr of internet wat... y not try awhile stock market... to get d feelin of makin / losing money... not really expensiv though... buy 1 lot(100unit), d min charges for buy n sell is around rm24 for hong leong.. d main objective is to get d real feelin of emotion control.. Added on March 20, 2008, 11:16 pm QUOTE(siaokia @ Mar 20 2008, 11:08 PM) @Small Jeff wat is XAG? How much u plan to start with ? Now I plan to start with USD 1k and focus on only 1 pair.. XAG/USD May I know ..Normally you Diversify or Focus and which pair ? This post has been edited by low yat 82: Mar 20 2008, 11:16 PM |
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Mar 20 2008, 11:27 PM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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@Lowyat 82
XAG/USD is Silver pair... If you want the feeling... try Forex ... the feel is better than stock market.. hahaha.. Roller Caster! |
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Mar 20 2008, 11:57 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(siaokia @ Mar 20 2008, 11:27 PM) @Lowyat 82 ic... XAG /USD is silver pair...XAG/USD is Silver pair... If you want the feeling... try Forex ... the feel is better than stock market.. hahaha.. Roller Caster! huhuh... d feelin of forex of course much difficult to handle.. thats y i said try much less roller coaster feelin stuff... coz forex uses margin meanwhile local stocks(normal acc) not... |
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Mar 21 2008, 12:01 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(siaokia @ Mar 20 2008, 11:08 PM) @Small Jeff with the current style i'm trading with..USD$2k is good enough for a mini..i trade on hourly basis, so which ever pair that has a suitable trend, i'll go for it...see my previous post and you'll notice that How much u plan to start with ? Now I plan to start with USD 1k and focus on only 1 pair.. XAG/USD May I know ..Normally you Diversify or Focus and which pair ? hmm...for US$1k..it seems too little for me...i might have 5 position open simultaneously, and i dont really use SL. QUOTE(low yat 82 @ Mar 20 2008, 11:14 PM) dunnoo... u can try find e book Nah..stock market is too slow for me..going through the demo is good to understand how FX works..i'm a greedy person.. well, dats d powerr of internet wat... y not try awhile stock market... to get d feelin of makin / losing money... not really expensiv though... buy 1 lot(100unit), d min charges for buy n sell is around rm24 for hong leong.. d main objective is to get d real feelin of emotion control.. these days seems like i've been able to follow my own rules..lol...even wrote it down, and stick it to the wall, with a big "BE PATIENCE!!" Added on March 21, 2008, 12:02 am QUOTE(low yat 82 @ Mar 20 2008, 11:57 PM) ic... XAG /USD is silver pair... i heard some bank offers leverage for stock options too..but it's only 3:1..not sure bout the margin though...huhuh... d feelin of forex of course much difficult to handle.. thats y i said try much less roller coaster feelin stuff... coz forex uses margin meanwhile local stocks(normal acc) not... This post has been edited by small-jeff: Mar 21 2008, 12:02 AM |
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Mar 21 2008, 12:10 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 21 2008, 12:01 AM) with the current style i'm trading with..USD$2k is good enough for a mini..i trade on hourly basis, so which ever pair that has a suitable trend, i'll go for it...see my previous post and you'll notice that huuhhu...good lar if u can follow d rules all d time.. hmm...for US$1k..it seems too little for me...i might have 5 position open simultaneously, and i dont really use SL. Nah..stock market is too slow for me..going through the demo is good to understand how FX works..i'm a greedy person.. these days seems like i've been able to follow my own rules..lol...even wrote it down, and stick it to the wall, with a big "BE PATIENCE!!" Added on March 21, 2008, 12:02 am i heard some bank offers leverage for stock options too..but it's only 3:1..not sure bout the margin though... yar.. stock market is abit slow coz normal people dun use margin acc... IMHO, for stock in local bourses not adviceable to use leverage/margin acc coz risk r too high...not worth it... i act decided to put 3k usd but not gonna use it too much.. jus as back up from been triggered margin call... but at 1st, mayb transfer 2k usd 1st.. coz dats d minimum money needed to open acc at ODl... uhuhhu arrgg... need to wait few more hours b4 GU makin big move... This post has been edited by low yat 82: Mar 21 2008, 12:20 AM |
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Mar 21 2008, 12:21 AM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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QUOTE(small-jeff @ Mar 21 2008, 12:01 AM) with the current style i'm trading with..USD$2k is good enough for a mini..i trade on hourly basis, so which ever pair that has a suitable trend, i'll go for it...see my previous post and you'll notice that Wow Jeff.. USD 2k Is big amount for me hmm...for US$1k..it seems too little for me...i might have 5 position open simultaneously, and i dont really use SL. Nah..stock market is too slow for me..going through the demo is good to understand how FX works..i'm a greedy person.. these days seems like i've been able to follow my own rules..lol...even wrote it down, and stick it to the wall, with a big "BE PATIENCE!!" Added on March 21, 2008, 12:02 am i heard some bank offers leverage for stock options too..but it's only 3:1..not sure bout the margin though... Anyway...for me, I still hv to keep on learning and at the same time save some money...  ...Forex must Greed at the rite time and patience.... then like George Soros.. broke the Bank of England.. 2 billion into his pocket. Patience! Patience! Patience! Patience! @ Lowyat 82 Yeah...I have to agree with you Stock market really a place to learn Patience Good Luck and grab the chance! This post has been edited by siaokia: Mar 21 2008, 12:23 AM |
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Mar 21 2008, 12:23 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(siaokia @ Mar 21 2008, 12:21 AM) Wow Jeff.. USD 2k Is big amount for me if u open micro acc, u dont need that much money though... Anyway...for me, I still hv to keep on learning... Yeah... Forex must Greed at the rite time and patience.... then like George Soros.. broke the Bank of England.. 2 billion into his pocket. Patience! Patience! Patience! Patience! @ Lowyat 82 Yeah...I have to agree with you Stock market really a place to learn Patience Something like fishing... Good Luck and grab the chance! hmm.. wonder when i will bcome like george soros,..hahaa |
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Mar 21 2008, 12:23 AM
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Senior Member
1,646 posts Joined: Jun 2007
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i think FXCM only requires $250...but anyone opens a live with $250 is totally insane, unless they plan to open one position (10k) per day, and expecting instant profits.
to me, $2k is just good. Usually my used margin is bout $250-$500, which gives me mininum of $1500 usable margin. ODI? is it better than FXCM? gonna find a good platform soon..how much is the fund transfer cost per transaction? |
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Mar 21 2008, 12:28 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 21 2008, 12:23 AM) i think FXCM only requires $250...but anyone opens a live with $250 is totally insane, unless they plan to open one position (10k) per day, and expecting instant profits. its ODL.. not ODI to me, $2k is just good. Usually my used margin is bout $250-$500, which gives me mininum of $1500 usable margin. ODI? is it better than FXCM? gonna find a good platform soon..how much is the fund transfer cost per transaction? of course FXCM is better.. profit damn much higher than ODL... transfer cost? if u maybank i thikn around 25usd gua... btw, FXCM already got metatrader? |
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Mar 21 2008, 12:32 AM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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QUOTE(small-jeff @ Mar 21 2008, 12:23 AM) i think FXCM only requires $250...but anyone opens a live with $250 is totally insane, unless they plan to open one position (10k) per day, and expecting instant profits. @Lowyat 82 & Jeffto me, $2k is just good. Usually my used margin is bout $250-$500, which gives me mininum of $1500 usable margin. ODI? is it better than FXCM? gonna find a good platform soon..how much is the fund transfer cost per transaction? Have to agree tat Micro account.. $250 is really too few to start. I start at $100 and burned my account.... never try never know... so ppl who try at $100 then got to have very very good discipline ... don't be like me Moral of the story.. back to Demo account try bck... and notice have to at least USD 1k to start up..  Don't Quit and keep on trying and learn from mistake.. I believe there will be a day for us to success. At least we are still young to try out.. |
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Mar 21 2008, 12:36 AM
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Senior Member
4,081 posts Joined: Aug 2005
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@siaokia, , uuuhhuhuh agree..
btw, if u wan check how much ur broker eaenin, can check here... FXCM is havin damn alot profit... http://www.cftc.gov/marketreports/financia...rfcms/index.htm |
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Mar 21 2008, 12:36 AM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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He is Smart..
» Click to show Spoiler - click again to hide... « Added on March 21, 2008, 12:39 am QUOTE(low yat 82 @ Mar 21 2008, 12:36 AM) @siaokia, , uuuhhuhuh agree.. Thanks for your great info... btw, if u wan check how much ur broker eaenin, can check here... FXCM is havin damn alot profit... http://www.cftc.gov/marketreports/financia...rfcms/index.htm This post has been edited by siaokia: Mar 21 2008, 12:39 AM |
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Mar 21 2008, 12:49 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(siaokia @ Mar 21 2008, 12:36 AM) He is Smart.. hahahah.... shud put my face » Click to show Spoiler - click again to hide... « |
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Mar 21 2008, 01:09 AM
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Senior Member
1,646 posts Joined: Jun 2007
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well...if i were to start a micro acc, i'll put up $200...since each pip cost $0.10.
Honestly, until today, i still havent get to understand what metatrader is..lol..been too focus on all the indicators and candlesticks.. P/S: i would like to use FXCM's DailyFX+ This post has been edited by small-jeff: Mar 21 2008, 01:12 AM |
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Mar 21 2008, 01:14 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 21 2008, 01:09 AM) well...if i were to start a micro acc, i'll put up $200...since each pip cost $0.10. metatrader jus like normal tradin platform... some people like use it coz it can add many kinds of plug in indicators.. but for me, coz i alrady biasa Honestly, until today, i still havent get to understand what metatrader is..lol..been too focus on all the indicators and candlesticks.. moreover, onli few tradin platform can fullfill my volume requirement.. huhuhu |
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Mar 21 2008, 01:21 AM
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Senior Member
1,646 posts Joined: Jun 2007
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i think fxcm has it. but the indicators i used are rather the most simple ones..
what do you mean by fulfilling your volume requirement? use lots of indicators? |
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Mar 21 2008, 01:32 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 21 2008, 01:21 AM) i think fxcm has it. but the indicators i used are rather the most simple ones.. coz i use volume spread analysis...its usefull to forecast buyin climax/sellin climax/bla bla bla... d volume is actually generated from d server of d broker itself.. what do you mean by fulfilling your volume requirement? use lots of indicators? volume actually can use as 2nd confirmation... like a type of indicator... |
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Mar 21 2008, 12:52 PM
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Senior Member
1,292 posts Joined: Dec 2004
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Just want to know, how many of you here migrate from KLSE?
Added on March 21, 2008, 12:55 pm QUOTE(low yat 82 @ Mar 20 2008, 10:10 PM) wow.. thanks man!!! so so only. Make profit a little bit more than losses. how's ur tradin? Not like what i envisage when i first join FOREX. This post has been edited by woopypooky: Mar 21 2008, 12:55 PM |
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Mar 21 2008, 02:11 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm? how did you lose?
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Mar 21 2008, 02:24 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(small-jeff @ Mar 21 2008, 02:11 PM) hmm? how did you lose? i just follow my signal. and of course its not correct all the time. 50% of time is losses. but i still win a little bit cos i let my winners ride. |
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Mar 21 2008, 05:40 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm..anyone here a full-time trader?
wondering whether it's possible to quit my job and do full-time trading.. |
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Mar 21 2008, 06:15 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE Just want to know, how many of you here migrate from KLSE? im one of them...huuhuh |
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Mar 21 2008, 06:19 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(small-jeff @ Mar 21 2008, 05:40 PM) hmm..anyone here a full-time trader? hmm...from ur post u can invest usd2k isn't? wondering whether it's possible to quit my job and do full-time trading.. if u can make 70% out of it...then for sure u can be full time trader.... |
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Mar 21 2008, 08:36 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hm...i'm still trying on a demo now...wanna see how many positions will i lose out of 200. now just past the 40th or so position. hm...kinda worried though..that going live is different from demo
Added on March 21, 2008, 8:37 pmbtw...the market today is going quite sluggish though...most pairs gone sideways..some breakout might just be in the corner.. This post has been edited by small-jeff: Mar 21 2008, 08:37 PM |
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Mar 21 2008, 09:09 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 21 2008, 08:36 PM) hm...i'm still trying on a demo now...wanna see how many positions will i lose out of 200. now just past the 40th or so position. hm...kinda worried though..that going live is different from demo ya lor... y so sugglish a?Added on March 21, 2008, 8:37 pmbtw...the market today is going quite sluggish though...most pairs gone sideways..some breakout might just be in the corner.. |
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Mar 21 2008, 10:42 PM
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Senior Member
3,158 posts Joined: Dec 2006
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Good Friday?....holiday?
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Mar 21 2008, 10:44 PM
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Senior Member
1,646 posts Joined: Jun 2007
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it means.."its friday..go out and stop making money through the pc"
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Mar 21 2008, 11:10 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Mar 21 2008, 10:42 PM) Good Friday?....holiday? hmm.... Dow jone also no open market oo... |
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Mar 21 2008, 11:33 PM
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Senior Member
1,646 posts Joined: Jun 2007
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deng...no wonder...
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Mar 22 2008, 01:06 AM
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Senior Member
3,158 posts Joined: Dec 2006
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monday also cuti...
Easter Day.... zzzz...boring day la.... |
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Mar 22 2008, 01:53 AM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(normeck @ Mar 22 2008, 01:06 AM) monday also cuti... but broker got open right? Easter Day.... zzzz...boring day la.... This post has been edited by woopypooky: Mar 22 2008, 01:54 AM |
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Mar 22 2008, 03:24 AM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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hey guys.. one question here.. when there's holidays or during weekends? the market will move slower than usual? why is that so?
@lowyat82.. what do you mean by dow jone? thanks in advance guys for all your explainations.. This post has been edited by DaBestOne: Mar 22 2008, 03:27 AM |
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Mar 22 2008, 09:18 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(woopypooky @ Mar 22 2008, 01:53 AM) but broker got open right? most likely it'll go sideways on monday as well....zzzz.... |
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Mar 22 2008, 10:13 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(DaBestOne @ Mar 22 2008, 03:24 AM) hey guys.. one question here.. when there's holidays or during weekends? the market will move slower than usual? why is that so? holiday ma.... still wan to work meh @lowyat82.. what do you mean by dow jone? thanks in advance guys for all your explainations.. DOW JONES INDUSTRIAL AVERAGE http://finance.yahoo.com/q?s=%5EDJI one of d main index in US stock market.. |
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Mar 22 2008, 05:36 PM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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QUOTE(DaBestOne @ Mar 22 2008, 03:24 AM) hey guys.. one question here.. when there's holidays or during weekends? the market will move slower than usual? why is that so? Depend on which country having holiday.. for this good Friday we have major country having holiday. GB NY and Sydney ..bank is close .. then market have slower move..@lowyat82.. what do you mean by dow jone? thanks in advance guys for all your explainations.. less ppl goin to trade as a respect toJesus Christ? Added on March 22, 2008, 5:43 pm@ Small-Jeff.. For me i'll keep my day job at 1st.. as During Asian Season .. the trade Volume is low.. means market move less...West country start at 4pm and 10 pm we can do it as part time after working hour.. when everything going well and expect.. then only Quit the day job.. Thats my plan.. This post has been edited by siaokia: Mar 22 2008, 05:43 PM |
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Mar 22 2008, 11:18 PM
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Senior Member
1,646 posts Joined: Jun 2007
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yeah...i noticed that too..i tried too couple of days off, and notice that during our daytime..not that good to trade as during night..and the spread is high as well..night time i could trade bout 10 positions..but during daytime could only trade 3-5 positions..
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Mar 22 2008, 11:43 PM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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hey guys.. anyone of you here had trade long enough to actually come out with your own method of trading?
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Mar 23 2008, 12:13 AM
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All Stars
15,192 posts Joined: Oct 2004
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Anyone wants to invest in forex and use TT. I have 30k USD for transfer.
Meaning, if you have USD account, I can transfer to you @ the rate lower than the rate you buy from bank.... hehe |
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Mar 23 2008, 12:32 AM
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Junior Member
8 posts Joined: Mar 2008
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QUOTE(DaBestOne @ Mar 22 2008, 11:43 PM) hey guys.. anyone of you here had trade long enough to actually come out with your own method of trading? i have a friend who had trade forex for 3 to 4 years already and he claims that he had invented a method himself and gain profit averaging from 10-20% per month.. now he is trading base on this method everyday... according to him, the way he trades is very safe instead of taking high risk, as a return the result is quite slow but steady .... had anyone heard of this kinda method before or there any such method available in the market? i am a forex newbie and i wonder this kinda method can be trusted? |
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Mar 23 2008, 02:10 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(jack2 @ Mar 23 2008, 12:13 AM) Anyone wants to invest in forex and use TT. I have 30k USD for transfer. hmm... can trust or not? Meaning, if you have USD account, I can transfer to you @ the rate lower than the rate you buy from bank.... hehe how much is d service charge by ur bank? Added on March 23, 2008, 2:12 am QUOTE(db86 @ Mar 23 2008, 12:32 AM) i have a friend who had trade forex for 3 to 4 years already and he claims that he had invented a method himself and gain profit averaging from d question is, do u trust ur fren?10-20% per month.. now he is trading base on this method everyday... according to him, the way he trades is very safe instead of taking high risk, as a return the result is quite slow but steady .... had anyone heard of this kinda method before or there any such method available in the market? i am a forex newbie and i wonder this kinda method can be trusted? jus tell him to show u the proof la... This post has been edited by low yat 82: Mar 23 2008, 02:12 AM |
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Mar 23 2008, 02:46 AM
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Junior Member
8 posts Joined: Mar 2008
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yeah.. i do trust this friend of mine.... he showed me the statement before.. and average profit per month is around 15 percent of the overall capital....
but i do notice that most of the trades are only close after few days time... around 2 to 3 days.... waiting so long to close a trade is not wise isn't it? we lose out a lot of chance to trade for pairs that have more volatile movement.... would like to have some advice.. thank you guys |
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Mar 23 2008, 02:50 AM
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Senior Member
1,646 posts Joined: Jun 2007
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it is possible..provided that the profit limit is very low...considering you try to earn 1pip per trade..not really that difficult..currently i'm targetting on 10 pips per trade...looking good
Ofcourse, you'll need to know what you're doing...not blindly place position |
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Mar 23 2008, 08:24 AM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(low yat 82 @ Mar 23 2008, 02:10 AM) hmm... can trust or not? Can la.. I can be trusted how much is d service charge by ur bank? I think the fee is charged to me and you will receive the gross amount I transferred if your bank is in Malaysia too. |
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Mar 23 2008, 08:57 AM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE had anyone heard of this kinda method before or there any such method available in the market? i think he got a few indicator..and trade with that indicator until he master it... QUOTE 10-20% per month.. now he is trading base on this method everyday... according to him, the way he trades is very safe instead of taking high risk, as a return the result is quite slow but steady .... i hope he has big capital and play standard account... for me...using micro account...10% per month..not so good la.... average i can do was 7% - 10% per day... thats mean, every 10,000 i can get 700~1,000 per day.... i don't know whether this is high risk or something.... |
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Mar 23 2008, 10:12 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(jack2 @ Mar 23 2008, 08:24 AM) Can la.. I can be trusted but i wanted to transfer money to oversea wor.... I think the fee is charged to me and you will receive the gross amount I transferred if your bank is in Malaysia too. |
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Mar 23 2008, 12:20 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(db86 @ Mar 23 2008, 02:46 AM) yeah.. i do trust this friend of mine.... he showed me the statement before.. and average profit per month is around 15 percent of the overall capital.... My trades also ranging between 2-5 days. sometimes i even carry it over the weekend when it was in profit. but i do notice that most of the trades are only close after few days time... around 2 to 3 days.... waiting so long to close a trade is not wise isn't it? we lose out a lot of chance to trade for pairs that have more volatile movement.... would like to have some advice.. thank you guys But of course, the risk must be small. sometimes my risk is 250 pips and i gained 800 pips. but its the same as risking 2 pips for 8 pips. |
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Mar 23 2008, 04:34 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(normeck @ Mar 23 2008, 08:57 AM) i think he got a few indicator..and trade with that indicator until he master it... so good ah? how is your gj long at 213 n 212?i hope he has big capital and play standard account... for me...using micro account...10% per month..not so good la.... average i can do was 7% - 10% per day... thats mean, every 10,000 i can get 700~1,000 per day.... i don't know whether this is high risk or something.... |
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Mar 23 2008, 05:25 PM
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Senior Member
3,158 posts Joined: Dec 2006
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bankrup already....
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Mar 23 2008, 05:28 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(normeck @ Mar 23 2008, 05:25 PM) bankrup already.... that is live or demo?You should hedge it when 206 |
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Mar 23 2008, 05:35 PM
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Senior Member
3,158 posts Joined: Dec 2006
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that one live...
yep..i should hedge it... that day i just calculate it... my forex will 'tahan' until 200.00... that day also..i think..."arghhh!!....cannot be it will go to 199...cannot repeat 14 years ago la..." then @_@..... so must wait till next salary to invest again... this time i will play stop lost above 100 or 150 pip ( -ve ) This post has been edited by normeck: Mar 23 2008, 05:35 PM |
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Mar 23 2008, 05:51 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(normeck @ Mar 23 2008, 05:35 PM) that one live... total 44k usd loss?yep..i should hedge it... that day i just calculate it... my forex will 'tahan' until 200.00... that day also..i think..."arghhh!!....cannot be it will go to 199...cannot repeat 14 years ago la..." then @_@..... so must wait till next salary to invest again... this time i will play stop lost above 100 or 150 pip ( -ve ) |
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Mar 23 2008, 05:55 PM
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Senior Member
4,081 posts Joined: Aug 2005
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startin from next month need to get serious in tradin d.. WISH ME LUCK IN FOREX!!!
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Mar 23 2008, 06:17 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(normeck @ Mar 23 2008, 05:35 PM) that one live... sad to hear that bro...but from what i see...it would be better to place a SL at 200 pips. Usually, well..at least from what i observe..prices tends to bounce back, provided the trend isnt bearish at all.yep..i should hedge it... that day i just calculate it... my forex will 'tahan' until 200.00... that day also..i think..."arghhh!!....cannot be it will go to 199...cannot repeat 14 years ago la..." then @_@..... so must wait till next salary to invest again... this time i will play stop lost above 100 or 150 pip ( -ve ) QUOTE(low yat 82 @ Mar 23 2008, 05:55 PM) startin from next month need to get serious in tradin d.. WISH ME LUCK IN FOREX!!! ooh? going live? good luck man..you're going to use ODL? mind to share how much you're gonna start with? |
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Mar 23 2008, 06:48 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 23 2008, 06:17 PM) sad to hear that bro...but from what i see...it would be better to place a SL at 200 pips. Usually, well..at least from what i observe..prices tends to bounce back, provided the trend isnt bearish at all. IMHO, act can use multiple timeframe to reduce d odds against u.. ooh? going live? good luck man..you're going to use ODL? mind to share how much you're gonna start with? yup... goin for ODL... minimum money needed is 2000 usd... so, ill start wit 2000 1st, n will add more to avoid margin call.. thanks man... hopefully, i can manage my emotion better... |
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Mar 23 2008, 06:50 PM
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Senior Member
1,646 posts Joined: Jun 2007
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i'll have to wait to bout laast quater this year first to join in...$2000 still not enough? you're not going for a standard acc ya? |
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Mar 23 2008, 07:00 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(low yat 82 @ Mar 23 2008, 10:12 AM) but i wanted to transfer money to oversea wor.... after i transferred u the usd, u can transfer overseas lo.i hv added u in msn |
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Mar 23 2008, 07:05 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 23 2008, 06:50 PM) i'll have to wait to bout laast quater this year first to join in...$2000 still not enough? you're not going for a standard acc ya? |
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Mar 23 2008, 07:33 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm..just a personal note. $2k is only good for a hourly or 30mins trade. Going for a daily trade or a longer swing is rather...not really enough..Ofcourse...you need to do anything just to avoid margin call..
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Mar 23 2008, 07:46 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(small-jeff @ Mar 23 2008, 07:33 PM) hmm..just a personal note. $2k is only good for a hourly or 30mins trade. Going for a daily trade or a longer swing is rather...not really enough..Ofcourse...you need to do anything just to avoid margin call.. Nope you wrong, with 250usd I trade on the daily with no problem some more already reach 20% ROI. It depends on your Money Management(how much are you willing to risk) and the broker account type. Newbies with low capital should open a broker with micro account first. Dont be to greedy la . |
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Mar 23 2008, 07:53 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 23 2008, 07:33 PM) hmm..just a personal note. $2k is only good for a hourly or 30mins trade. Going for a daily trade or a longer swing is rather...not really enough..Ofcourse...you need to do anything just to avoid margin call.. 2k usd enough to go for larger swing... short or long 0.1-0.2 lot lor... i intend to keep my margin level at least above 200%... |
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Mar 23 2008, 07:57 PM
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Senior Member
1,292 posts Joined: Dec 2004
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those going live why don't you use euro instead of usd?
cos usd is going down relative to ringgit. |
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Mar 23 2008, 09:14 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm...was thinking bout that too...if use euro...how much is it for a typical pip?
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Mar 23 2008, 09:39 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(woopypooky @ Mar 23 2008, 07:57 PM) those going live why don't you use euro instead of usd? hmm.... since it goin down, isnt it good? means we can exchange more to usd... cos usd is going down relative to ringgit. now readin book ab TECHNIQUES OF TAPE READING by VADYM GRAIFER n CHRISTOPHER SCHUMACHER... seems vry interstin book though..talkin ab price n volume when there is still no indicator been invented yet.. This post has been edited by low yat 82: Mar 23 2008, 09:41 PM |
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Mar 23 2008, 10:07 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(low yat 82 @ Mar 23 2008, 09:39 PM) hmm.... since it goin down, isnt it good? means we can exchange more to usd... hmm...doesnt sound good to me. if usd keep falling like this, when i turn it back to ringgit, i would get less than what i should have...now readin book ab TECHNIQUES OF TAPE READING by VADYM GRAIFER n CHRISTOPHER SCHUMACHER... seems vry interstin book though..talkin ab price n volume when there is still no indicator been invented yet.. if you have usd, buy ringgit now... |
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Mar 24 2008, 04:21 AM
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Junior Member
8 posts Joined: Mar 2008
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QUOTE(low yat 82 @ Mar 23 2008, 07:05 PM) im goin for mini acc... u noe something, kena margin call is d worst thing....moreover, low capital means i cant trade when i saw a vry good opportunity... so i must make sure dat it will not happen... brO what is a margin call? This post has been edited by db86: Mar 24 2008, 05:27 AM |
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Mar 24 2008, 10:41 AM
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Senior Member
3,158 posts Joined: Dec 2006
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a call that u have to top up your capital...
thats mean your money cannot buy lot.. :blur: |
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Mar 24 2008, 11:37 AM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(small-jeff @ Mar 23 2008, 09:14 PM) hmm...was thinking bout that too...if use euro...how much is it for a typical pip? if in USD, 1 pip is $1, then in euro is 0.65 for typical pairs like GU,EU |
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Mar 24 2008, 01:36 PM
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All Stars
15,192 posts Joined: Oct 2004
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Any brokers offer USD/MYR?
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Mar 24 2008, 08:18 PM
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Senior Member
1,008 posts Joined: Jan 2008
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pound will drop until how much?^^
any suggestion? |
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Mar 24 2008, 08:50 PM
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Senior Member
1,646 posts Joined: Jun 2007
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pound in what pair? GJ?
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Mar 24 2008, 09:55 PM
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Senior Member
4,081 posts Joined: Aug 2005
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hmm... it seems time to go long for UJ... any comment?
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Mar 24 2008, 10:00 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(low yat 82 @ Mar 24 2008, 09:55 PM) hmm... it seems time to go long for UJ... any comment? if u are intraday, i guess its fine. but if on daily timeframe, i guess its not a good idea. cos it was againts the major trend. Price might stall around 100.60 |
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Mar 24 2008, 10:05 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(woopypooky @ Mar 24 2008, 10:00 PM) if u are intraday, i guess its fine. IMHO, it will go around 200-300pips more from 99.9X...but if on daily timeframe, i guess its not a good idea. cos it was againts the major trend. Price might stall around 100.60 |
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Mar 24 2008, 10:49 PM
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Senior Member
1,646 posts Joined: Jun 2007
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UJ...seems to be testing 100.xx for quite a few times...if i were to go long, i'll place order at 101.00. While if i were to go short, i'll place at 99.30. However, i wouldnt trade on a daily timeframe. The price is bouncing on WMA100..though it is slightly in a bullish mode..
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Mar 24 2008, 11:10 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 24 2008, 10:49 PM) UJ...seems to be testing 100.xx for quite a few times...if i were to go long, i'll place order at 101.00. While if i were to go short, i'll place at 99.30. However, i wouldnt trade on a daily timeframe. The price is bouncing on WMA100..though it is slightly in a bullish mode.. it actually been consolidate for quite some time...jus break out from symetrical triangle... will add position if it pullback...anyway, this one shud b short lived bull though..edited: usually, if d breakout wit high volume, it comes wit a pullback... how strong is d pullbc, need to see lower time frame... This post has been edited by low yat 82: Mar 24 2008, 11:16 PM |
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Mar 25 2008, 02:57 PM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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guy, are there any broker that provide accounts with 1000 lot size?
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Mar 25 2008, 05:11 PM
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All Stars
11,954 posts Joined: May 2007
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QUOTE(DaBestOne @ Mar 25 2008, 02:57 PM) guy, are there any broker that provide accounts with 1000 lot size? http://fxtrade.com |
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Mar 25 2008, 07:39 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(DaBestOne @ Mar 25 2008, 02:57 PM) guy, are there any broker that provide accounts with 1000 lot size? u must be very rich |
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Mar 25 2008, 07:45 PM
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Junior Member
8 posts Joined: Mar 2008
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QUOTE(woopypooky @ Mar 25 2008, 07:39 PM) u must be very rich micro accounts have 10'000 lot size whilst mini account has 100'000 lot size.... so what's the fuss about 1000 lot size? |
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Mar 25 2008, 08:01 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(db86 @ Mar 25 2008, 07:45 PM) micro accounts have 10'000 lot size whilst mini account has 100'000 lot size.... so what's the fuss about 1000 lot size? dat is 10,000 UNITS... not lots.. 1 lots = 100,000units |
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Mar 25 2008, 08:13 PM
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Senior Member
1,646 posts Joined: Jun 2007
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imagine...1000 lot on a mini acc...lol... 1 pip = $1000...lol.. |
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Mar 25 2008, 08:19 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 25 2008, 08:13 PM) imagine...1000 lot on a mini acc...lol... 1 pip = $1000...lol..haizz.. so lambat... still in d process of opening acc.. This post has been edited by low yat 82: Mar 25 2008, 08:20 PM |
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Mar 25 2008, 08:37 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hahaha...remember must be patience hor...
but...why is the market today...being rather...slow..this afternoon only managed to open/close 3 positions....hmm...other than EJ...all very sluggish... |
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Mar 25 2008, 08:52 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Mar 25 2008, 08:37 PM) hahaha...remember must be patience hor... yesterday huge movement ma... so today let all people TP/SL...but...why is the market today...being rather...slow..this afternoon only managed to open/close 3 positions....hmm...other than EJ...all very sluggish... |
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Mar 25 2008, 11:07 PM
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Junior Member
8 posts Joined: Mar 2008
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QUOTE(low yat 82 @ Mar 25 2008, 08:01 PM) dat is 10,000 UNITS... not lots.. 1 lots = 100,000units hmmmmm, so are there any brokers that provide 1000 unit per lot ?This post has been edited by db86: Mar 25 2008, 11:29 PM |
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Mar 25 2008, 11:34 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(db86 @ Mar 25 2008, 11:07 PM) hmmmmm, so are there any brokers that provide 1000 unit per lot ? got ma.. its call micro account... hmm... mayb u shud go hav a read at babypips.com Added on March 25, 2008, 11:36 pmadded 2 more long position on UJ...uhuhuh This post has been edited by low yat 82: Mar 25 2008, 11:36 PM |
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Mar 25 2008, 11:52 PM
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Senior Member
1,646 posts Joined: Jun 2007
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seems that the J pair is quite nice to trade today...7 positions closed for E,U,G pair with J
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Mar 26 2008, 12:52 AM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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QUOTE(low yat 82 @ Mar 26 2008, 12:34 AM) got ma.. its call micro account... hey bro, newbie here.. just a kind question.. i read through babypips and got that MICRO accounts are providing 10'000 units per lot, whilst MINI account provide 100'000 units per lot....hmm... mayb u shud go hav a read at babypips.com Added on March 25, 2008, 11:36 pmadded 2 more long position on UJ...uhuhuh so in this case, the least units we can get per lot is 10'000? any brokers providing less than that? please correct me if i m wrong..thanks a whole bunch This post has been edited by DaBestOne: Mar 26 2008, 12:58 AM |
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Mar 26 2008, 01:29 AM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(DaBestOne @ Mar 26 2008, 12:52 AM) hey bro, newbie here.. just a kind question.. i read through babypips and got that MICRO accounts are providing 10'000 units per lot, whilst MINI account provide 100'000 units per lot.... if 1 lot is too much, u can trade mini or micro lot. so in this case, the least units we can get per lot is 10'000? any brokers providing less than that? please correct me if i m wrong..thanks a whole bunch Such as 0.1 lot or 0.01 lot. Most broker offer 0.1 lot . But only a few offer 0.01 lot. Example for those who offer 0.01 lot are FXDD and Interbankfx |
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Mar 26 2008, 01:32 AM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(DaBestOne @ Mar 26 2008, 12:52 AM) hey bro, newbie here.. just a kind question.. i read through babypips and got that MICRO accounts are providing 10'000 units per lot, whilst MINI account provide 100'000 units per lot.... I think babypips is wrong la.so in this case, the least units we can get per lot is 10'000? any brokers providing less than that? please correct me if i m wrong..thanks a whole bunch 1 standard lot = 100,000 , 1 mini lot = 10,000 , 1 micro lot = 1000. Less than micro lot so far I know only Oanda and Marketiva provide that acc. For micro lot, Interbankfx. |
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Mar 26 2008, 01:56 AM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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QUOTE(Quincy @ Mar 26 2008, 02:32 AM) I think babypips is wrong la. so in this case bro? what's the advantage of owning a micro account? what's need to be taken into consideration when looking for a account type? 1 standard lot = 100,000 , 1 mini lot = 10,000 , 1 micro lot = 1000. Less than micro lot so far I know only Oanda and Marketiva provide that acc. For micro lot, Interbankfx. p/s: most brokers provide micro accounts right? apart from that... what's the most leverage a broker can gives us? This post has been edited by DaBestOne: Mar 26 2008, 01:57 AM |
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Mar 26 2008, 08:33 AM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(DaBestOne @ Mar 26 2008, 01:56 AM) so in this case bro? what's the advantage of owning a micro account? what's need to be taken into consideration when looking for a account type? Your capital and money management style. Taken from forex factory (forgot what thread is it) The capital: 1000usd = micro acc 10000usd = mini acc 100000usd = standard acc But still it depend on how much you are willing to risk (Money Management). Im trading live on Daily timeframe with starting 250usd with no problem since using micro lot and less (Oanda). Else if using mini acc with that kind of capital sure will get margin call. Imagine with more than 300pips stoploss, 1 pip = 1 usd, i will get margin call easily if hit stoploss. |
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Mar 26 2008, 09:12 AM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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QUOTE(Quincy @ Mar 26 2008, 09:33 AM) Your capital and money management style. thanks for the sharing bro Taken from forex factory (forgot what thread is it) The capital: 1000usd = micro acc 10000usd = mini acc 100000usd = standard acc But still it depend on how much you are willing to risk (Money Management). Im trading live on Daily timeframe with starting 250usd with no problem since using micro lot and less (Oanda). Else if using mini acc with that kind of capital sure will get margin call. Imagine with more than 300pips stoploss, 1 pip = 1 usd, i will get margin call easily if hit stoploss. |
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Mar 26 2008, 08:57 PM
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Junior Member
30 posts Joined: Aug 2005
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Juz banked RM600 REAL MONEY from eu bull run With juz 1 mini lot This post has been edited by JavaOne: Mar 26 2008, 08:58 PM |
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Mar 26 2008, 09:16 PM
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Senior Member
1,646 posts Joined: Jun 2007
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grats man...how long was the swing?
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Mar 26 2008, 09:39 PM
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Junior Member
30 posts Joined: Aug 2005
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Thx i released my hedge yest morning n let it recover and fetch profit along my way up from 1.5421 till 1.5728 |
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Mar 26 2008, 10:04 PM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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QUOTE(small-jeff @ Mar 26 2008, 10:16 PM) grats man...how long was the swing? what's the meaning of "swing" bro? |
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Mar 26 2008, 10:11 PM
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Junior Member
8 posts Joined: Mar 2008
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QUOTE(DaBestOne @ Mar 26 2008, 01:56 AM) so in this case bro? what's the advantage of owning a micro account? what's need to be taken into consideration when looking for a account type? i heard there's leverage 400... any brokers providing that?p/s: most brokers provide micro accounts right? apart from that... what's the most leverage a broker can gives us? |
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Mar 26 2008, 11:35 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(db86 @ Mar 26 2008, 10:11 PM) i heard there's leverage 400... any brokers providing that? wit that kind of leverage, u can get killed !!! @JavaOne good stuff!!!  |
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Mar 26 2008, 11:35 PM
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Senior Member
3,833 posts Joined: Oct 2006 From: Shah Alam
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QUOTE(JavaOne @ Mar 26 2008, 08:57 PM) Juz banked RM600 REAL MONEY from eu bull run With juz 1 mini lot |
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Mar 27 2008, 12:10 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(JavaOne @ Mar 26 2008, 09:39 PM) Thxi released my hedge yest morning n let it recover and fetch profit along my way up from 1.5421 till 1.5728 QUOTE(DaBestOne @ Mar 26 2008, 10:04 PM) what's the meaning of "swing" bro? swing = open one position, sit back and wait for profit or loseQUOTE(db86 @ Mar 26 2008, 10:11 PM) i heard there's leverage 400... any brokers providing that? if you use leverage 400:1, most likely you'll get margin call within an hour.. |
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Mar 27 2008, 12:59 AM
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Junior Member
38 posts Joined: Mar 2008 From: North
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I got a profitable EA dat hav been modified and tried....and also forex killer software.
I m selling it for a cheap price..usd10 each,can pay through paypal or local bank acount. Anyone interested can email me at penyengat@yahoo.com. This post has been edited by penyengat: Mar 27 2008, 12:59 AM Attached thumbnail(s) 
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Mar 27 2008, 02:54 AM
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Junior Member
8 posts Joined: Mar 2008
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QUOTE if you use leverage 400:1, most likely you'll get margin call within an hour.. why is that bro? so in this case you are suggesting the best leverage to go with is leverage 100? from what i know, leverage 400 enables us to control a bigger market with less money, isn't that a good thing? how could we get a margin call since the money that we put in when opening a new trade is much lesser than the other leverage? thanks alot for answering my question here bros.... |
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Mar 27 2008, 07:59 AM
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Senior Member
3,158 posts Joined: Dec 2006
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ye la bro....
i'm using leverage 1:500.... and can tahan about 2 month with closed all profit.... and can hold until -2000 pip.... money management...thats all.. |
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Mar 27 2008, 10:20 AM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(normeck @ Mar 27 2008, 07:59 AM) ye la bro.... becoz..u play GJ... and i saw from ur screenshot that u only play that pair... u should know when to cut loss.. i'm using leverage 1:500.... and can tahan about 2 month with closed all profit.... and can hold until -2000 pip.... money management...thats all.. .. not juz waiting it to turn back... and gj really volatile.. try other pair.. although it not move so fast as gj at least u get profit a little.. 20 pip TP more worth than -50 pips...ppl always think to get faster pips.. play GJ but instead they lose while ppl that play other pair although they not gaining as many pips as GJ at least it's a profit QUOTE(db86 @ Mar 27 2008, 02:54 AM) why is that bro? so in this case you are suggesting the best leverage to go with is leverage 100? with higher leverage u can open more lot la....it doesn't matter either 100:1 or 500:1.. it all about money management... if u on 100:1 u can open 5 lot only.. when u on 500:1.. u can still open 5 lot only dun be so greedy open more than that juz becoz u can open more lot... againn.. it all about money management and how greed are u from what i know, leverage 400 enables us to control a bigger market with less money, isn't that a good thing? how could we get a margin call since the money that we put in when opening a new trade is much lesser than the other leverage? thanks alot for answering my question here bros.... if 100:1 leverage u can open 5 lot.. maybe 500:1 u can open more lot than that.. higher leverage the lower margin it takes from ur equity for each lot u open.. example.. 1:100 .. if u open 1 lot .. it will take 1000 usd from ur equity 1:200... if u open 1 lot... it will take 500 usd from ur equity 1:500 ...if u open 1 lot... it will take 200 usd from ur equity see higher leverage more lower margin it take from ur equity for each lot u open...ppl want higher leverage becoz wanna open more lot and higher .. it juz like when ppl said.. dun buy faster car.. u can get accident more easier.. although it depend on ur style of driving..either driving bmw or proton saga.. Added on March 27, 2008, 10:21 am QUOTE(penyengat @ Mar 27 2008, 12:59 AM) I got a profitable EA dat hav been modified and tried....and also forex killer software. hahaahha.. are u kidding me????.. i see from ur screeshot it show.. kuskus indicator... lol.. dude.. this EA is free.. lol.. dun try to cheat ppl laaa... I m selling it for a cheap price..usd10 each,can pay through paypal or local bank acount. Anyone interested can email me at penyengat@yahoo.com. Added on March 27, 2008, 10:24 am QUOTE(small-jeff @ Mar 27 2008, 12:10 AM) wow..hefty 300pips man...100% good! no u not... u get margin call becoz u are too greedy with mindset open more lot u can get richer quicker... in leverage 100:1 also u get margin call.. in leverage 500:1 also u get margin call.. swing = open one position, sit back and wait for profit or lose if you use leverage 400:1, most likely you'll get margin call within an hour.. This post has been edited by hitokiri_maniac: Mar 27 2008, 03:34 PM |
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Mar 27 2008, 12:17 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(hitokiri_maniac @ Mar 27 2008, 10:20 AM) becoz..u play GJ... and i saw from ur screenshot that u only play that pair... u should know when to cut loss.. i agree u on this... .. not juz waiting it to turn back... and gj really volatile.. try other pair.. although it not move so fast as gj at least u get profit a little.. 20 pip TP more worth than -50 pips...but then it come to money management as well... for me.. the more risky you playing, the more profitable it be... when playing GJ...u must be 70% - 90 % sharp to read the FA +TA... when it react differently....then BOOM! when u playing standard account..with so so capital...GJ was not the right platform to trade for...unless u have big capital... for me also..when playing standard account..definitely, i will not go for GJ...better play EU or other pair that not so volatile... |
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Mar 27 2008, 03:23 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(penyengat @ Mar 27 2008, 12:59 AM) I got a profitable EA dat hav been modified and tried....and also forex killer software. bro.. go cari makan at else where...I m selling it for a cheap price..usd10 each,can pay through paypal or local bank acount. Anyone interested can email me at penyengat@yahoo.com. QUOTE(normeck @ Mar 27 2008, 12:17 PM) i agree u on this... hmm... no wonder my profit go up so fast...but then it come to money management as well... for me.. the more risky you playing, the more profitable it be... when playing GJ...u must be 70% - 90 % sharp to read the FA +TA... when it react differently....then BOOM! when u playing standard account..with so so capital...GJ was not the right platform to trade for...unless u have big capital... for me also..when playing standard account..definitely, i will not go for GJ...better play EU or other pair that not so volatile... btw, which other pairs dat got this kind of volatility? |
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Mar 27 2008, 03:34 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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i think got one more pair like GJ.. i forgot already.. it start with Gbp/XX...same volatile as GJ also..
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Mar 27 2008, 03:46 PM
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Senior Member
4,081 posts Joined: Aug 2005
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need all those people TT b4 using maybank... need to wat option? malaysia resident TT for invesment witout domestic borrowin?
d details we fill in must correct ka? |
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Mar 27 2008, 03:52 PM
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Senior Member
1,292 posts Joined: Dec 2004
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QUOTE(hitokiri_maniac @ Mar 27 2008, 03:34 PM) i think got one more pair like GJ.. i forgot already.. it start with Gbp/XX...same volatile as GJ also.. gbp/usi never seem to make money with this 2 pairs. kuskus indicator, now where did i heard it before? lol forexfactory maybe, old thread, maybe got something to do with MACD.... |
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Mar 27 2008, 03:55 PM
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Senior Member
3,488 posts Joined: Jan 2003
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MYR has been bleeding horribly this week. Guys. Any idea? :-\
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Mar 27 2008, 05:09 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(woopypooky @ Mar 27 2008, 03:52 PM) gbp/us kuskus system is in forex-tsd forum, not in forexfactory i never seem to make money with this 2 pairs. kuskus indicator, now where did i heard it before? lol forexfactory maybe, old thread, maybe got something to do with MACD.... |
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Mar 27 2008, 07:38 PM
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Junior Member
30 posts Joined: Aug 2005
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QUOTE(kurtkob78 @ Mar 26 2008, 11:35 PM) wow, what is your to open 1 lot. wow, u use ta or fa ? I based on fundamentals and get in when I see the price is wat i wantDun really use ta Wont go wrong if based on fundamentals This post has been edited by JavaOne: Mar 27 2008, 07:45 PM |
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Mar 27 2008, 08:30 PM
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Junior Member
38 posts Joined: Mar 2008 From: North
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Sory guys if my previous post is no good in here.
The kuskus is free, i know. This EA using the kuasa forex as its indicator...that why the kuskus appear on the pic. Anyway...happy trading guys. |
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Mar 28 2008, 01:31 AM
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Senior Member
1,061 posts Joined: Feb 2006 From: Out of Service
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wanna as basic q..
let say i make a BUY entry for GU at 1.8000, SL = 50pips (1.7950), TL = 25pips Then the price rises up to 1.8010.. so i win 10 pips.. What will happened to my SL? Will it be a) shifted to 1.7960 (which is 1.7950 + 10 pips)* b) shifted to 1.7985 (which is 1.8010 - 25 pips) *for a), will the SL shifted based on pips won and after the SL level > entry price then the SL will shifted based on TL (current price - TL value)? |
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Mar 28 2008, 08:53 AM
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Senior Member
3,158 posts Joined: Dec 2006
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if u play TP...
let say u open trade at 200.00 set TP 30 pip it will start when u get + pip if it touch 200.50, ur new stop lost will be 200.20.. and it will change according to your +pip if it go to 200.70..then your SL will be at 200.40...and so on so on... im not so sure when u placing SL....maybe someone can help us too... heheh! Happy Trading! |
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Mar 28 2008, 09:14 AM
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Senior Member
4,081 posts Joined: Aug 2005
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no 1 answer me.. T.T act how does u all transfer money? go direct to bank?
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Mar 28 2008, 11:08 AM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(low yat 82 @ Mar 28 2008, 09:14 AM) no 1 answer me.. T.T act how does u all transfer money? go direct to bank? ahaks!...sorry bro...i think Maybank got TT via maybank2u... go click click and see.... |
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Mar 28 2008, 11:21 AM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(low yat 82 @ Mar 27 2008, 03:46 PM) need all those people TT b4 using maybank... need to wat option? malaysia resident TT for invesment witout domestic borrowin? this one for interbank fx wiretransfer guide... hope that helps u d details we fill in must correct ka?       This post has been edited by hitokiri_maniac: Mar 28 2008, 11:22 AM |
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Mar 28 2008, 12:10 PM
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Senior Member
3,158 posts Joined: Dec 2006
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thankz hitori...appreciate it....
now as easy as ABC..... |
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Mar 28 2008, 04:17 PM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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hey bros, can anyone explain what is the meaning of rollover charges please?
as far as i know, if i play with a pair consisting usd in it, the broker will help me close the pair comes gmt 10pm (because US market closes at gmt 10, pls correct me if i m wrong)... if happens that i am having a -ve floating p/l during that particular time, then i will end up losing money rite? can anyone explain more to me regarding rollover? does rollover exist in every broker? i asked a friend of mine, he said that only some of the brokers require rollover whilst some don't.... will appreciate much for the advice and explanations.. thanks alot guys... This post has been edited by DaBestOne: Mar 28 2008, 05:01 PM |
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Mar 28 2008, 08:39 PM
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Senior Member
4,081 posts Joined: Aug 2005
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@hitokiri_maniac
thanks man!!!! btw, d declaration i choose d 4th one... anyway effect?n d transaction descreption i put my name waaaa!!!! maybank n ODL damn fast transfer money!!! i wiretransfer around 5pm now alrady got d.. kanasai... been charged by d oversea bank usd 21.. now onli got 1979.. now askin d customer support whether i can trade or not or need to bank in at least minimum capital 2k... |
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Mar 28 2008, 09:02 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(low yat 82 @ Mar 28 2008, 08:39 PM) @hitokiri_maniac the no 4 for if u wiretransfer money to malaysia residence( malaysian ppl ) in oversea maaa... thanks man!!!! btw, d declaration i choose d 4th one... anyway effect?n d transaction descreption i put my name waaaa!!!! maybank n ODL damn fast transfer money!!! i wiretransfer around 5pm now alrady got d.. kanasai... been charged by d oversea bank usd 21.. now onli got 1979.. now askin d customer support whether i can trade or not or need to bank in at least minimum capital 2k... |
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Mar 28 2008, 09:58 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(hitokiri_maniac @ Mar 28 2008, 09:02 PM) the no 4 for if u wiretransfer money to malaysia residence( malaysian ppl ) in oversea maaa... huhuh... its my own acc ma so i thought send to malaysian |
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Mar 28 2008, 10:04 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(low yat 82 @ Mar 28 2008, 09:58 PM) huhuh... its my own acc ma supposely u wiretransfer to ODL.. then after they receive.. they put in ur account.. u not direct transfer money from urself to ur account in ODL..instead u transfer money to them.. so i thought send to malaysian This post has been edited by hitokiri_maniac: Mar 28 2008, 10:10 PM |
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Mar 28 2008, 10:13 PM
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Senior Member
4,081 posts Joined: Aug 2005
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ic
huuh... d customer support ask me trade 1st see can or not.. ocz he also dunno wether can go through if initial min capital is not usd2k... now still lookin for nice pattern to trade though.. |
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Mar 28 2008, 10:54 PM
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Senior Member
3,158 posts Joined: Dec 2006
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i smell someone has already live account?...heheh!
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Mar 28 2008, 11:04 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Mar 28 2008, 10:54 PM) i smell someone has already live account?...heheh! huhuh.. jus earn my 1st 2 trades... usd 5.02 damn... really quite emotion... takin profit too fast.. 1 is from GU, a bad trade.. didnt notice sign of weakest at 1st... but lucky enough to close trade wit usd 1 profit another is from GJ, shud control my emotion... TP is around 198.17, but close too eartly This post has been edited by low yat 82: Mar 28 2008, 11:56 PM |
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Mar 29 2008, 12:03 AM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(low yat 82 @ Mar 28 2008, 11:04 PM) huhuh.. jus earn my 1st 2 trades... usd 5??.. how much pips is that?? 5 pips only aar?? usd 5.02 damn... really quite emotion... takin profit too fast.. 1 is from GU, a bad trade.. didnt notice sign of weakest at 1st... but lucky enough to close trade wit usd 1 profit another is from GJ, shud control my emotion... TP is around 198.17, but close too eartly |
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Mar 29 2008, 12:11 AM
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Senior Member
3,158 posts Joined: Dec 2006
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5 usd x 3.5 = rm17.50 in 2 hours?????
10 hours? = rm87.50 10 days? = rm870.50 20 days ? = rm1741.00 WOW!!!!! thats only 5 usd in 2 hours!!!!! if 10 usd? which bank/money organizations can give like that? FOREX only.... /gg |
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Mar 29 2008, 12:21 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(hitokiri_maniac @ Mar 29 2008, 12:03 AM) usd 5??.. how much pips is that?? 5 pips only aar?? yup tryin whether can trade or not coz didnt put initial capital...moreover, i let my emotion takes control hmm... dunno wanna day trade or swing trade.. btw, from my observation, seems like GU is vry good to trade using chart pattern.. but still need more prove to support this... QUOTE(normeck @ Mar 29 2008, 12:11 AM) 5 usd x 3.5 = rm17.50 in 2 hours????? hahah... u funny lar 10 hours? = rm87.50 10 days? = rm870.50 20 days ? = rm1741.00 WOW!!!!! thats only 5 usd in 2 hours!!!!! if 10 usd? which bank/money organizations can give like that? FOREX only.... /gg actually in 1 hour ..hehehe anyway, depends on d chart pattern also, currenty no nice pattern... now, monitorin EU n AU, still no sign.. mayb hav a rest 1st... do some research tomolo.. |
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Mar 29 2008, 12:34 AM
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Senior Member
3,158 posts Joined: Dec 2006
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hehehe!...
ok guys... i just reload my account USD100 i want to open trade today....but dont have a clear signal since my money go in at 9.00pm with this new indicator and some experienced before this...wish me luck..! enjoyed!  good night.. This post has been edited by normeck: Mar 29 2008, 12:38 AM |
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Mar 29 2008, 12:41 AM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(low yat 82 @ Mar 28 2008, 08:39 PM) @hitokiri_maniac Even manual TT at bank also fast already now.thanks man!!!! btw, d declaration i choose d 4th one... anyway effect?n d transaction descreption i put my name waaaa!!!! maybank n ODL damn fast transfer money!!! i wiretransfer around 5pm now alrady got d.. kanasai... been charged by d oversea bank usd 21.. now onli got 1979.. now askin d customer support whether i can trade or not or need to bank in at least minimum capital 2k... Last time do the TT a CIMB bank to my broker, Morning transfer, in evening got already in my acc. |
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Mar 29 2008, 03:04 AM
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Junior Member
466 posts Joined: Jan 2003
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I am a beginner
i've been trying out the game version, and has been looking at the EU/US, what I dont understand is the pips and the calculation of interest, any help ? |
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Mar 29 2008, 03:54 AM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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guys please help me out wif the rollover quetions.... thanks
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Mar 29 2008, 06:45 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(DaBestOne @ Mar 28 2008, 04:17 PM) hey bros, can anyone explain what is the meaning of rollover charges please? http://www.interbankfx.com/Tools/SwapRates.aspx#as far as i know, if i play with a pair consisting usd in it, the broker will help me close the pair comes gmt 10pm (because US market closes at gmt 10, pls correct me if i m wrong)... if happens that i am having a -ve floating p/l during that particular time, then i will end up losing money rite? can anyone explain more to me regarding rollover? does rollover exist in every broker? i asked a friend of mine, he said that only some of the brokers require rollover whilst some don't.... will appreciate much for the advice and explanations.. thanks alot guys... yup... some broker do offer no swap rates/rollover..means no rollover... include no interest rate for d money u put in their acc. |
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Mar 29 2008, 12:48 PM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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QUOTE(low yat 82 @ Mar 29 2008, 07:45 AM) http://www.interbankfx.com/Tools/SwapRates.aspx# hey bro, thanks for the answer... appreciate it..yup... some broker do offer no swap rates/rollover..means no rollover... include no interest rate for d money u put in their acc. and congrats for finally starting on a live account.. |
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Mar 29 2008, 04:42 PM
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Senior Member
1,904 posts Joined: Jan 2003 From: Kelana Jaya , Petaling Jaya
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just wonder how to play forex? is it a game? can it earn money.no idea what is forex about
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Mar 29 2008, 05:20 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(tkwfriend @ Mar 29 2008, 04:42 PM) just wonder how to play forex? is it a game? can it earn money.no idea what is forex about if u ask me, i would say more or less like stock market ... forex = foreign exchange.d good thing ab forex compare to klse is, can short sell, liquidity,can use leverage (double edge sword),advance tradin platform bla bla bla.. |
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Mar 29 2008, 07:09 PM
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Senior Member
1,904 posts Joined: Jan 2003 From: Kelana Jaya , Petaling Jaya
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then what do i need to know if i want to play?
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Mar 29 2008, 08:53 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(tkwfriend @ Mar 29 2008, 07:09 PM) then what do i need to know if i want to play? http://www.babypips.com/school/starts wit pre school 1st.. uhuhu IMHO, hold strategy does not work in forex if u got small capital account... so b extra carefull... jus my 2 cents.. edited: typo QUOTE I am a beginner i've been trying out the game version, and has been looking at the EU/US, what I dont understand is the pips and the calculation of interest, any help ? u can see how d calculations been done at d website i provided .... This post has been edited by low yat 82: Mar 29 2008, 09:02 PM |
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Mar 29 2008, 09:51 PM
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Senior Member
2,155 posts Joined: May 2005
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QUOTE(tkwfriend @ Mar 29 2008, 07:09 PM) then what do i need to know if i want to play? U need to control your emotions really....can really get heart attacks This post has been edited by mIssfROGY: Mar 30 2008, 01:00 AM |
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Mar 29 2008, 10:15 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(low yat 82 @ Mar 29 2008, 08:53 PM) IMHO, hold strategy does not work in forex if u got small capital account... so b extra carefull... jus my 2 cents.. Ive been holding Eur/Usd and Usd/Chf for a week now, and have no problem with it. If want to use hold strategy, have to make sure you are with the trend and of course use proper MM I agree on the small capital part, but if using broker with micro lot and less, shouldn't be any problem. |
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Mar 29 2008, 11:28 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Quincy @ Mar 29 2008, 10:15 PM) What hold strategy? Swing trading? sorry, my hold does not means like dat.. Ive been holding Eur/Usd and Usd/Chf for a week now, and have no problem with it. If want to use hold strategy, have to make sure you are with the trend and of course use proper MM I agree on the small capital part, but if using broker with micro lot and less, shouldn't be any problem. in stocks, hold means u dun sell..as long as d company has strong fundamental, its ok.. but in forex, d drawdown might b huge!! |
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Mar 30 2008, 03:39 PM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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My advice is plan your trade, discipline and be consistent... Millionaire in on the way....
1st.. Find a system that work with you and test it at least few months or 3 fold your demo account at the same time ...save up some money to open an account. 2nd.. Once done your research, the system you test work perfectly then time to apply it to the real account and Be discipline. 3rd.. Remember.. you are not compete with anyone..you do this for yourself ..free yourself from employment and have more time with family. 4th.. Once earn, REMEMBER to gv bck to Society or to God at least 20 percent and you will be bless. Ok Done. For example...Let said you start with USD 100 only. Plan your trade... 100-200 pips/weeks.. Once reach this target close your account and spend your time with family/ friends and don't over trade. With USD 100 ==> Set 1 Pip = USD 0.10 With USD 1000 ==> Set 1 pip = USD 1.00 With USD 10000 ==> Set 1 pip = USD 10.00 Keep on and on... you will reach USD 1k one day. Make sure u know what you are doing... don't simply open a position It is like a fisherman go to sea to fish .... In the sea (Forex Market)... we got lots of fish(Money) .. There got many type of fish (Different pair) like Cencaru, Siakap, Bawal, Sharp , whales and list to go... Each Fish have its own characteristic ..so may be you can make a net ( ur system ) to catch those fish... Once ur boat is full ( meet your target of the weeks ) then you have to go back home to empty ur boat and come again next day... Fish in the sea still in the sea .. it won't run away... You can't catch and catch untill ur boat is overload ( overtrade ) then ur boat will sink...u lose all.. even your own boat ( Ur deposit ) ..... Just my Humble opinion... Good luck trader! |
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Mar 30 2008, 05:27 PM
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Senior Member
1,646 posts Joined: Jun 2007
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FXCM
here's one good article...which is perhaps the reason i kept losing in my demo.. QUOTE I've seen some new traders have some incredible winning results in a short period of time. However, quite often they will lose those gains as just quickly. Since their approach did not change, they will come to us in the FX Power Course for some sort of answer. The reason is usually the same in that they forget to first identify the mood of the market before finding their trade. What I mean by that is to first identify the direction of the trend on the daily chart and then find your trade. If the daily trend is up, then only look for buys and if the daily trend is down, then only look for sells. If the daily chart shows a range bound market, then look to buy above support and sell below resistance. If you are not sure of the trend, then the play is to move onto another currency pair where the trend seems obvious. I see many traders buying the pullbacks on a currency pair that is in a strong uptrend and enjoy tremendous success. Then when the trend stalls out or changes, they continue to buy those pullbacks and lose all of their previous gains. Being on the right side of a trending move can result in some great trades while trading against the trend can lead to many quick losses. A good way to see if this may be one of your problems is to run a report on your FX Trading Station to see all of the trades you have made. Then take a look at the daily chart and note where you entered into the trade. Now ask yourself how your results would have been if you had only traded in the markets where you could confidently identify the direction of the trend on the daily chart. Below are two current examples of strong trending markets. The EUR/USD is trading up near all-time highs while the USD/JPY is trading down near lows not seen since 1995. These trends are obvious and because of that offer some good trading opportunities. We want to look for buys in the EUR/USD since it is trending up and look for sells in the USD/JPY since it is trending down. You may find that adding this simple first step of identifying and trading with the daily trend increases your chance of success. |
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Mar 30 2008, 09:09 PM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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Hi anyone..i newbie here start trading live on Friday 28/3/08. After training in demo account for about 2 1/2month on Meta4 platform..
this is my 1st day report on live account @LiteFX for all forex gurus please give advice whether i need to put more equity or should i stay with my 500usd? playing "kecik kecik only 5cent perpips on 1:100
that is my profit/loss for the day..and as u can see on the picture..I TERdelete my SELL PO..that should give me over 100pips!! This post has been edited by Hamano: Mar 30 2008, 09:12 PM |
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Mar 30 2008, 09:13 PM
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Senior Member
1,646 posts Joined: Jun 2007
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just wondering...is it a mini acc? what is "ter-delete anyway? accidentally closed the position?
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Mar 30 2008, 09:15 PM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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this is Mini account..swap free!! yeah accidently closed the position..which can give 1++pips
that is my training/demo account on InterbankFX start with 3000usd (earn 3xxx.xx ) virtual money and on 27/3 i stop demo bcoz got confidence trading live, can i post my daily profit/loss in this thread?  sorry my bad manglish This post has been edited by Hamano: Mar 30 2008, 09:51 PM |
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Mar 30 2008, 11:50 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Hamano @ Mar 30 2008, 09:15 PM) this is Mini account..swap free!! yeah accidently closed the position..which can give 1++pips wow.. same wit me... trade on friday!!
that is my training/demo account on InterbankFX start with 3000usd (earn 3xxx.xx ) virtual money and on 27/3 i stop demo bcoz got confidence trading live, can i post my daily profit/loss in this thread? sorry my bad manglish of course can.. i also thinkn do d same thing |
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Mar 31 2008, 12:00 AM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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QUOTE(low yat 82 @ Mar 30 2008, 11:50 PM) wow.. same wit me... trade on friday!! Thanks sifuu...tmmrw start trade as early 8am..do some TA bla bla..b4 12 should post my report ... my target tmrw is 200pips nett.. of course can.. i also thinkn do d same thing |
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Mar 31 2008, 12:03 AM
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Senior Member
1,646 posts Joined: Jun 2007
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wow...200pips per day? which pair you're eyeing on? i should call you sifu...still in demo...
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Mar 31 2008, 12:04 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Hamano @ Mar 31 2008, 12:00 AM) Thanks sifuu...tmmrw start trade as early 8am..do some TA bla bla..b4 12 should post my report ... my target tmrw is 200pips nett.. dun call me sifu leh.. i also still learnin..hmm... 200pips? wat pair u lookin at? tomolo mayb i'll lookin at GU for swing trade.. see free or not to short...huuhuh.. or mayb scalpin around edited:typo This post has been edited by low yat 82: Mar 31 2008, 12:05 AM |
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Mar 31 2008, 12:30 AM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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Im taking for my favorite pairs..GJ, GU and sometimes GJ.. i like to play JPY pairs..
that is from my demo account..on 24/3..112 pips gained [monday im quite busy..so dont have time to trade alot] 27/3 i earn over 190pips..and its all on demo..my highest pips gained is 600..Zzz hope i can do same to my Live account..but sad..LiteFX open is on 7am Malaysian time using Scalp and Swing technic and sifu ar..what SL shud i put on GJ? i always put 40..sometimes it hits..sometime its not please give some advice~ thanks in advance This post has been edited by Hamano: Mar 31 2008, 12:33 AM |
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Mar 31 2008, 01:10 AM
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Senior Member
3,158 posts Joined: Dec 2006
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nice to see another member go into Live Account...tomorrow lets start trading...
i hope this thread will not only posting what we gain or lost...maybe some signal will help each other in training.... i will try to post my forecast for GJ tomorrow...its my 1st time..so i need help from others sifu... tq... |
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Mar 31 2008, 01:13 AM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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QUOTE(low yat 82 @ Mar 29 2008, 07:45 AM) http://www.interbankfx.com/Tools/SwapRates.aspx# so in this case, choosing which kinda broker will be a wiser choice? the 1s that offer no rollover or with rollover? thanks for the advice bro.. yup... some broker do offer no swap rates/rollover..means no rollover... include no interest rate for d money u put in their acc. |
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Mar 31 2008, 01:48 AM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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erm..im a muslim..can't take the swap..so that why i choose the LiteFX = swap free, quite nice and fast service..that friday.. i deposit using local bank..
its only take 2minute to deposit to my LiteFX account. withdraw also easy.. take minimum 1hours... hehe i think i also will provide with a couple of signal here... for GJ GU and UJ..and maybe EU? |
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Mar 31 2008, 02:13 AM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm...just a little forecast..
GU - short limit 1.9850 UJ - scalping GJ - scalping/ short limit 196.00 EU - short |
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Mar 31 2008, 02:16 AM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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wow sensei..already post forecast..i will try to follow it tmmrw.. lets make pips!!
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Mar 31 2008, 02:22 AM
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Senior Member
1,646 posts Joined: Jun 2007
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wah...dont lar follow just like that...better you trust your own indicator...
p/s: i'm still on demo leh... |
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Mar 31 2008, 02:23 AM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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better take note..even on demo...i also take note from u sensei~
small small on Marketiva this is profit/loss on 28/3 Added on March 31, 2008, 7:30 amHappy Trading to all Forex traders...and hope all get much and much greenpips This post has been edited by Hamano: Mar 31 2008, 07:30 AM |
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Mar 31 2008, 09:58 AM
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Senior Member
3,158 posts Joined: Dec 2006
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ok...
for today forecast base on news...theres a lot of positive news today...but there also big impact on -ve news... so GJ - 198.00 to 202.00 p/s : what is scalping in malay...(lazy to open kamus le) and please...Trade On Your Own Risk...don't simply simply follow mine...its my 1st forecast This post has been edited by normeck: Mar 31 2008, 09:58 AM |
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Mar 31 2008, 11:16 AM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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normeck sifu..i open GJ since 197.95 <-- 2 post and then when it raise to 20pips i "lock" it at 10pips..then it retrace awhile..bcoz i dont know it will "mengamuk" until 200.00..
then i open post again @199.11 its goes to 199.90 lock at 65pips.. erm i also dunno what scalp ( but in kamus its say "kulit kepala" ) 1 expert forecast GJ will got to 207.xx this week..this what i have taken on his website Trade signals: no signals for today, I have 1 opened position (updated 30.03.08, 14:41 by GMT time) Opened positions: buy 198.10, stop loss 197.10, take profit 207.00 Closed positions: buy 201.36, stop loss 200.00, take profit 207.00 (-136) pips account by trade signals of murch: -136 pips This post has been edited by Hamano: Mar 31 2008, 11:21 AM |
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Mar 31 2008, 11:40 AM
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Senior Member
3,158 posts Joined: Dec 2006
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if this week to 207.its ok la....
i thought today... now start to trade SHORT at 199.05... |
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Mar 31 2008, 11:44 AM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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woah..that is my SL 199.05 for 199.50 post Long...wah..if hit..siao liao
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Mar 31 2008, 11:46 AM
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Senior Member
3,158 posts Joined: Dec 2006
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for MT4..its already hit...dunno for LiteFX....
any sifu can tell me.. Nikkei was -ve..so how about the News?...will it be -ve too?? |
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Mar 31 2008, 11:49 AM
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Junior Member
118 posts Joined: Jan 2007 From: 26° 0′ 0″ N, 128° 0′ 0″ E
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its still playing around 199.32 bro..oh ic..i just change my sl to 60points just now..lol
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Mar 31 2008, 01:38 PM
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Senior Member
4,081 posts Joined: Aug 2005
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any1 lookin at EU? im still wait it to BO... uhuhuh...
Added on March 31, 2008, 1:40 pmshortin GU... 30pips already.. take profit from table? no way... no reason to close position... unless it hit my TPThis post has been edited by low yat 82: Mar 31 2008, 01:40 PM |
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Mar 31 2008, 02:17 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm..both GJ and GU aint looking bullish at all...kinda doubt that GJ will hit 207 this week. As for EU, i think it'll go bullish this week. It still hasnt manage to break the 1.585x resistant, and sellers arent looking strong at holding the weaker 1.5815 resistant.
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Mar 31 2008, 03:04 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(low yat 82 @ Mar 31 2008, 01:38 PM) any1 lookin at EU? im still wait it to BO... uhuhuh... Im holding on EU. Expecting it to go up but there is a sign of reversal on daily (double top?). So if it goes above previous high on daily, can say still uptrend.Added on March 31, 2008, 1:40 pmshortin GU... 30pips already.. take profit from table? no way... no reason to close position... unless it hit my TP
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Mar 31 2008, 04:07 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Quincy @ Mar 31 2008, 03:04 PM) Im holding on EU. Expecting it to go up but there is a sign of reversal on daily (double top?). So if it goes above previous high on daily, can say still uptrend. nice swing u got there... huhuhu
mayb will join u after it BO.. well, jus close 2 trade... profit usd100+ .time to wait for nice pattern.. |
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Mar 31 2008, 05:16 PM
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Senior Member
3,158 posts Joined: Dec 2006
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waaa....lowyat today got RM350....hahahha!!....belanja makan okek?
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Mar 31 2008, 05:17 PM
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Junior Member
612 posts Joined: Mar 2008
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hei, nice profit u got there...
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Mar 31 2008, 05:26 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(low yat 82 @ Mar 31 2008, 04:07 PM) nice swing u got there... huhuhu What is BO? BE I know break even. mayb will join u after it BO.. well, jus close 2 trade... profit usd100+ .time to wait for nice pattern.. nice profit you have there. Hope you will be getting profit consistently. Added on March 31, 2008, 5:28 pm QUOTE(Gaara92 @ Mar 31 2008, 05:17 PM) hei, nice profit u got there... Perghh muda lagi dah trade forex ye dik? Baru 15 tahun kan? (taken from your blog, sorry if im wrong)This post has been edited by Quincy: Mar 31 2008, 05:28 PM |
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Mar 31 2008, 05:28 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(low yat 82 @ Mar 31 2008, 04:07 PM) nice swing u got there... huhuhu everyday usd 100 =.. by the end of month(20 days of coz) u got 2k usd...RM6k..woot.. mayb will join u after it BO.. well, jus close 2 trade... profit usd100+ .time to wait for nice pattern.. ...even u work hard for 5 year u hardly get salary as much as that.. |
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Mar 31 2008, 05:30 PM
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Junior Member
372 posts Joined: Mar 2005 From: Ampang
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QUOTE(hitokiri_maniac @ Mar 31 2008, 05:28 PM) everyday usd 100 =.. by the end of month(20 days of coz) u got 2k usd...RM6k..woot.. I too can get every day 5 to 15%(max that i can risk) from my capital if I daytrading. But the main problem is consistency. Tried and failed due to lazyness to monitor the market ...even u work hard for 5 year u hardly get salary as much as that.. (hey i got a life you know such as playing games ) |
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Mar 31 2008, 05:45 PM
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Junior Member
612 posts Joined: Mar 2008
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QUOTE(Quincy @ Mar 31 2008, 05:26 PM) Added on March 31, 2008, 5:28 pm Perghh muda lagi dah trade forex ye dik? Baru 15 tahun kan? (taken from your blog, sorry if im wrong) A'ah, saya baru kenal forex ni selama 2 minggu, seminggu saya ambil time for reading forex ebook...~ (its really worst TRUST ME!) |
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Mar 31 2008, 06:24 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(hitokiri_maniac @ Mar 31 2008, 05:28 PM) everyday usd 100 =.. by the end of month(20 days of coz) u got 2k usd...RM6k..woot.. 1 month US$2k, 10 month saving get US$20k, then start a std acc. Wahla..earn US$20k per month... ...even u work hard for 5 year u hardly get salary as much as that.. a local MD also wont get that pay.. |
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Mar 31 2008, 06:29 PM
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Senior Member
867 posts Joined: Jan 2003 From: So Near Yet So Far
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QUOTE(small-jeff @ Mar 31 2008, 06:24 PM) 1 month US$2k, 10 month saving get US$20k, then start a std acc. Wahla..earn US$20k per month... are u kidding me.. even local MD also dun even close usd 10k.. .. huhuhuh... a local MD also wont get that pay.. .. usd 20k permonth = RM60k+ per month... lol This post has been edited by hitokiri_maniac: Mar 31 2008, 06:30 PM |
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Mar 31 2008, 08:32 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Mar 31 2008, 05:16 PM) waaa....lowyat today got RM350....hahahha!!....belanja makan okek? huhuhu... wait till d end of d month... see d nett profit is -ve or +ve.. QUOTE(Quincy @ Mar 31 2008, 05:26 PM) What is BO? BE I know break even. BO= breakout... nice profit you have there. Hope you will be getting profit consistently. Added on March 31, 2008, 5:28 pm Perghh muda lagi dah trade forex ye dik? Baru 15 tahun kan? (taken from your blog, sorry if im wrong) well, today jus lucky can find good chart pattern... dun think can find it every day though... |
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Mar 31 2008, 08:41 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm...the past week due to week USD, has cuased much pairs to come out with horrible patterns..it's as if most have lost it's buy/sell momentum...
difficult to scalp...horrible for swing.. |
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Mar 31 2008, 09:39 PM
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Senior Member
4,081 posts Joined: Aug 2005
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ofogogogo EU!!! dun come down!!!
fats fast BO BO BO!!! damn... kena my SL liao.... This post has been edited by low yat 82: Mar 31 2008, 09:42 PM |
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Mar 31 2008, 09:58 PM
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Senior Member
1,329 posts Joined: Sep 2007 From: Kuala Lumpur, Malaysia.
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QUOTE(low yat 82 @ Mar 31 2008, 10:39 PM) ofogogogo EU!!! dun come down!!! how many did u set for u sl? fats fast BO BO BO!!! damn... kena my SL liao.... p/s: what do u guys mean by scalping? |
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