I am wondering lowyat 82's comment too, how a $10usd in 200 leverage can get $2000.

10USD in 200 leverage means u only have 0.2USD per pip. means about 10K pips.

but the *she said a winning trade after acc blow-out.

and wait....we are not concentrate on *her. tsk tsk.
No distraction please.

EDIT : Again trade @ ur own risk.

This post has been edited by billytong: Jul 29 2008, 11:57 PM

Now it makes sense. I didnt know how to see the 1000 is actually 1000 US cent since I didnt use that broker.

---

Added on July 30, 2008, 10:06 amInstead of going those stupid brokers like fxMalay or any other broker that u wouldnt know ur money is safe or not or a scam.

FXCM introduce micro acc
Try fxcm micro. 400:1 leverage
Minimum lot size is only 2.5USD per position.
Minimum Acc to open is 25USD.
http://www.fxcm.com/micro-update-center.jsp
http://www.forexmicrolot.com



This post has been edited by billytong: Jul 30 2008, 10:13 AM

Not quite as good as the mini and standard.

The lower spread is because of fxcm internally match the positions. When u long EU, someone else must be shorting EU. So they internally match it. Internal = cheaper.

Mini ,Standard is match from bank = Bank always want our money so it is not cheap. So if u trade mini or standard and earn a lot, u are actually ripping off money from bank.

As for EU, Looking at what the EU cant break 5550. But I have to see will it take out 5600,5620 first. It need to break 5600,5620 to continue uptrend.

5590 now it still have a lot of room to 5300. But I am already holding LONGs below @ 558x lvls

If he is profitable he wont be bothering the RM500 bucks first b4.

I had make a few Rm500 bucks in the past 2 days. and I have paid RM500 bucks in roll interest alone.

500 bucks is really nothing in this forex. Why bother collecting it first?

might as well u teach them free then when they earn RM1K then only u ask 500 bucks from them.

This post has been edited by billytong: Jul 30 2008, 11:43 AM

Believe me Etfs, when people collect that 500 bucks they expect u serve them and expect them to have result. It is so much more trouble handling multiple personal than getting that 500 bucks from the market.

U can long 2 mini lots of EU and sit down wait take ur tea then the next time EU run 100pips and there is the 200USD which is well more than 500bucks RM. 500 bucks is just soo easy for a profitable trader

This post has been edited by billytong: Jul 30 2008, 01:01 PM

Yes, cyaoping u are correct.


btw, I would like to warn those who are longing. the ADP data + the consumer confidence is not helping EU today. It is gonna hammer Eu more on downside.

yes I am my BE is @ 5630. and I have longs from 5550-5600. So it is a no problem to me to hold a little draw down like this.

After NFP u will know GU is UP.

I cannot comment or suggest on GU. I have no expertise on tell you how to trade in and out. If I am wrong in GU who to blame? hmm?
Especially I dont trade GU. Some of the members here are very good at GU. U can ask them. Oi mana Expert GU? Go hiding already?


All I have say is what I am doing now I am holding multiple longs from 5550 to 5600 @ EU.

This post has been edited by billytong: Jul 30 2008, 03:29 PM

This is why I play both sides, I had give up long time ago on trying to predict the market and expect myself to be right and expect the market to listen to me, which the market dont work like that.

Instead, I play both sides, when u have a coin that shows winning trade on both sides, u win eventually.

Fundamentals are important, so are technicals. But one thing u should be in mind. Fundamentals plays the major important role in the market. Technicals are base on price action. So u watch the fundamentals and then watch ur technicals then calculate the potential risk involve, what possibilities of the up and down. (do both) then only u make a trade.

For example the last EUR/USD is @ 1.60xx and a fundamental news about EUR is Rate Hike. But the EU is already @ all time high. So from the technical point of view, it is Not attractive to long @ 1.60xx even we know ECB is rate Hike which is Euro supportive but it is wrong to long @ all time high. Instead shorting would be a wiser choice after that all time high cannot be recreate again. And the possibility of retracement from all time high is about 80%. So ur Trade is a high winning % trade.

if things turn bad from worst turn around and go the other side. This is how I play my trades.

No, I long or short when I think the market turn around. Limit entry is not my style of trading. And I already said the ADP is gonna bring this euro down a few post ago.

This is why we as small guys dont care about expecting the market to move for us. It is the plan, strong risk money management and the strategy that u apply makes u win. Who cares about where it goes.

Right now I am thinking whether this bottom 5519-21 would hold this euro until tmr. If it wont, we may see hit 5478s.

then again I am not gonna believe ADP numbers, the NFP numbers will be diff.

Good job Mph.

Discipline is important, sometimes u see the price is attractive, but looking at ur own risk management. If u cant take it, then dont take it.

If u found a profitable way that constantly giving u pips. Keep it that way. Sikit Sikit untung lama lama jadi bukit. Those 20-30pips profit can be a very scary income if u do it 1000times.

EDIT:
I took profit on some of my longs now I go for one short ahead of Green GDP.

EDIT 2:
I probably gonna relong again after GDP. I Still have to see number first, it should be USD+ to bring euro down to cheaper rate to long. Hence the short I took is hopefully gonna make money. I am still holding more longs than short btw.

This post has been edited by billytong: Jul 31 2008, 10:26 AM

I guess those who held long from bottom 5520 is laughing to bank now.

I am still holding for multiple longs below 5600 and 1 short in case EU still want to break down.

No I cant because I am not GOD.

Agree on that, GDP will move quite a bit of EU/GU south. But that still gonna see how the market want to response on it. It could be possibility not moving much due to upcoming NFP.

Out of surprise the GDP is less than forecast not green enough light green only and combine with worst than forecast unemployment claim.(which I already know on this one)

This will further prove NFP to be diff from ADP. I remember I said NFP will be diff few post ago. But I will have to see how that plays out tommrrow.

Again holding multiple longs + 1 short (someone come slap me for dropping 2 long and go 1 short this morning a mistake I make for forcasting dark green GDP )

This post has been edited by billytong: Jul 31 2008, 08:54 PM

Now u know why I give up trying to predict the market and EXPECT it to be right. Playing both sides is the win win situation in this market.

as for technical chart, I am very sure all those MA, EMAs got screw up with that spike move.

This post has been edited by billytong: Aug 1 2008, 09:45 AM

Currency dont go straight line, market retrace is my friend. I take profit on any retracement and take the opposite position. This is my way of playing.