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 Forex Trading Corver V3, How's Your Pips Lately? ^_^

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dr2k3
post Aug 8 2008, 10:23 PM

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QUOTE(small-jeff @ Aug 8 2008, 10:20 PM)
dunno bout others...i play online games while looking at chart.. biggrin.gif


Added on August 8, 2008, 10:22 pmdr2k3....you doing candlesticks too? biggrin.gif tried doing candlesticks on a 5M chart before? i found it to be quite nice to show entry exit point...
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ya....duno why candlestick just nice tongue.gif

i watch mutiple timeframe.........its nice on GJ only if u say 5min, on slow moving currency the chart is like crap
dr2k3
post Aug 8 2008, 11:05 PM

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what do you mean by bintang type?
dr2k3
post Aug 9 2008, 06:54 AM

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QUOTE(small-jeff @ Aug 9 2008, 01:58 AM)
ooh..dont really like to trade GJ biggrin.gif
yeah..i used it on multiple timeframe too. just that it's easier to identify where to enter/exit in a 5M chart, especially used with 1H charts...IMO smile.gif do you count ticks as well?
thought you were saying morning/evening stars biggrin.gif

hm..this week been up and down. actually the past whole month has been..must avoid trading news, made me lose like hell..  sweat.gif i think if i were to draw a chart for my trading, it'll be like a straight line of doji... rclxub.gif
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what do you mean by count ticks? volume?
dr2k3
post Aug 9 2008, 10:18 AM

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QUOTE(small-jeff @ Aug 9 2008, 09:27 AM)
hm...pretty much agree biggrin.gif but i just hate it like what happened last thrusday for EU. in 5 mins its up bout 40 pips, then fall all the way sweat.gif i was shorting, but kena my SL sad.gif luckily can recover back last night... biggrin.gif
ooh..not volume. it's how much it ticks up compared to down. like...up up up, down down. or up up down, up up down. only works when there's no news around though tongue.gif


Added on August 9, 2008, 9:55 ama little bit of news to share:

Fannie Mae lost $2.3billion in Q2, while Freddie Mac lost $800+mil in the same quarter. Both of them are slowing down their loan purchasing. hm...credit market and housing still haunts the US market. Seeing how Euro and Pound drop against the Dallor, cant really imagine what's going on there. Wonder until when could ECB withstands the inflation.
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sometimes only....the tick not very accurate....it can down down down then suddenly spike up
dr2k3
post Aug 9 2008, 01:09 PM

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QUOTE(low yat 82 @ Aug 9 2008, 01:03 PM)
wow... u also noe tape readin? cool.. thumbup.gif

IMHO, ticks r volume in forex..there is no real volume in forex.. it varies from 1 broker to another...  there r onli few broker dat is suitable for volume analysis. i.e. broker from north finance n ODL
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i think no broker volume are atleast 70% accurate....

forex currency has atleast 5 to 6 decimal, mt4 broker only 4..... and since mt4 only 4 means it misses alot of tick volume

i use tick volume maybe 5-10% of my analyze only


Added on August 9, 2008, 1:10 pmnorth finance volume is the worst = ="

ODL still ok

This post has been edited by dr2k3: Aug 9 2008, 01:10 PM
dr2k3
post Aug 9 2008, 02:00 PM

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because when other broker price move they sometimes dont move

every other broker can see easily on top n bottom volume....what i need is even in non top n botom....neutral market


Added on August 9, 2008, 2:02 pmoverall volume must be highest among all the broker

This post has been edited by dr2k3: Aug 9 2008, 02:02 PM
dr2k3
post Aug 9 2008, 02:20 PM

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QUOTE(low yat 82 @ Aug 9 2008, 02:10 PM)
wat u mean by on top n bottom volume?

oo... do u mean when its not tops nor bottoms, there hardly any movement?

overal volume must b highest among all broker?

it depends on d client dat open wit d broker itself wat..
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i mean every broker on top n bottom volume almost same.....

when i mean overall volume, the tick number must be high......like some broker 1h chart max tick is only 1.2k
but some other is 2k-4k

what does that mean? thats mean certain broker data feed is not good....not as good as real market price movement

so the higher the tick number the more it is like a real market price movement

just take stock for example......real volume for one of the bar/candlestick = 20mil

but 1 broker put 7mil.....do u want to use that kind of data to analyst ur chart?
dr2k3
post Aug 9 2008, 04:08 PM

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ODL actually bigger than north finance

and ya...its important to have real market price....i would not want to buy at price that is higher(artificial) than market price while i can buy at cheaper price

i think u misunderstood my meaning....volume is also an indicator....
as a trader who depends on technical analysis....u want ur data to be as accurate as possible....its not about liquidity

ya....its depends on broker....i was just replying to ur question why i feel north finance is not good for tick volume
dr2k3
post Aug 10 2008, 08:27 AM

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QUOTE(low yat 82 @ Aug 9 2008, 07:12 PM)
heheh... abit bigger...

d reason i didnt choose to open north finance coz they r not regulated.

i noe volume is an indicator,... coz im using 100% volume n its derivations as my tactics..dats d reason d volume must follow d principles of tape readin n VSA. i do not noe it follows d real price or not though tongue.gif

mayb we shud stop here, its neverendin story.. u hav ur view, i hav my view ....hehhe

IMHO, volume for every broker needed to revise as time goes on.. coz d increases of client for a certain broker will certainly change d accuracy of volume based indicator..


Added on August 10, 2008, 1:39 amwow... jus notice EU has actually fallen to 1.5xxx . @.@
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the accuracy of a broker is not depends on the increase on client or not.....its depends on the source the broker are getting the data from~ bank/data provider

volume base analysis is hard in forex unless they have centralized market.....every broker in the whole world depends on 1 data provider only...else its just very messy
dr2k3
post Aug 10 2008, 10:30 AM

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QUOTE(low yat 82 @ Aug 10 2008, 09:30 AM)
m makin assumptions dat d increases of client will certainly effect ticks in a certain TF, dat is d reason u can see interbankfx has higher ticks in certain TF compare to other smaller broker.

d volume is real in d sense of overal transactions been done in a certain TF aka open interest. whther d price is competitive or not, its diffrent story..as like wat u said, its highly depends on d banks..
wat data u r referrin to? if its price, it make sense..
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price = price movement = ticks = tick volume


Added on August 10, 2008, 10:35 ammind you this is not yet real volume....only tick volume.....

so if u really wanna depends on tick volume i suggest u get another broker that has highest overall tick volume compare to other broker to use as a indicator if u dont want to change broker

This post has been edited by dr2k3: Aug 10 2008, 10:35 AM
dr2k3
post Aug 10 2008, 11:04 AM

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just curious what is open interest....

wahlao lowyat82.......try to keep ur trading strategy as simple as possible....if not later u technical analysis paralysis tongue.gif

who is ur sifu btw
dr2k3
post Aug 10 2008, 11:12 AM

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i see no such indicator ler
dr2k3
post Aug 10 2008, 11:17 AM

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so its not available in mt4?
dr2k3
post Aug 10 2008, 11:30 AM

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so complicated ~_~

look at chart better
dr2k3
post Aug 11 2008, 11:33 AM

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eh how come ur reply not merge one ><

anyway...i think the currency will go up temporary......coz one whole week go down ....the bear also need to rest tongue.gif


Added on August 11, 2008, 11:35 ami think the overall trend still down

This post has been edited by dr2k3: Aug 11 2008, 11:35 AM
dr2k3
post Aug 11 2008, 02:08 PM

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oanda is consider a big firm.......no complain i heard so far

short = sell
long = buy

TP = Take profit
SL = Stop Loss

EUR = Euro
USD = USD ~duh tongue.gif
JPY = Yen
GBP = British Pound/GBP
AUD = Australia Dollar
NZD = New Zealan Dollar
CHF = Swiss franc
CAD = Canadian Dollar


EU= Euro/USD
GU= GBP/USD....etc...etc



MT4 = Metatrader 4/ a trading platform name

This post has been edited by dr2k3: Aug 11 2008, 02:11 PM
dr2k3
post Aug 11 2008, 02:16 PM

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my advise to u is ....... too early.....

forex is not 1 day rich thing

trade in demo n profitable first then only consider trading live
dr2k3
post Aug 11 2008, 02:25 PM

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oanda is using web base platform....

MT4 is stand alone desktop application

just try out their demo to feel which one is suitable for u
dr2k3
post Aug 11 2008, 06:40 PM

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if u can earn money in forex....those number are nothing - -"
dr2k3
post Aug 11 2008, 09:42 PM

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where got o.....EU n GU stable ler

no go down no go up

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