Normeck, as i can see from your statement and the price now. You having 3 unclose position. Currently only 1 of your position is in +ve pips which the another 2 still in -ve territory.

Now is based on your prediction, if the trades was taken under your prediction and you believe it will still go bear, so start worry for a few +pips while you can stand there and see your acc floating wif -ve big pips.

But you muz understand the risk and profit. That means, your mind now is clear and under your charts, you saw really bear trend, there is no reason for you to exit market now. So if this is the case, juz carry on it.

seems its break S1 now....the rules were exit at S1 S2 and S3...

Juz believe on your charts, no matter what things come first, your chart will be in your priority.

Note: This applied for me whereby I'm a chartist. Hehe. Chartist --> sounds pro.

i say close it......if u from -4xx to +1x................. close it

and wait another time to enter trade again....

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Added on July 21, 2008, 4:46 pmto me there is no real trend for us small trader....it could be down trend on weekly chart then up trend on daily chart then maybe down trend again on 4h chart

like normeck trade from positif to negative? -4xx somemore?

then today suddenly +1x again? so thats bull or bear trend?

This post has been edited by dr2k3: Jul 21 2008, 04:46 PM

OMG!....my MT4 hang!...what should i do?....212.18 dari tadi...but the kb still jalan...

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Added on July 21, 2008, 4:56 pmok already...go Login again and choose Server not Real

This post has been edited by normeck: Jul 21 2008, 04:56 PM

err. wanna ask something .. is signal provider ok ? scam ? like forexautomoney.com ... i read in some site, they dont hv a cancel membership button/page anywhere ...

signal provider is depends on the company. If the company provide a good signal, then you're safe. I've started to notice 1 or 2 signal provider company since half year ago. But as i notice, they start wif a good profit margin. But when times goes for half year, their performance keep dropping without any reason.
Juz my 2cents.

Anyway, you can give it a try if you found it profitable for you. Juz make sure it wont cause you for around USD200 or something crazy.

forexautomoney cost usd99 permonth

Wait ya, i now google-ing about it and looking thru the site. This is some opinion. If you're trading on USD 1 per pips. That means they must at least provide you wif one month +99pips in order to cover the expenses.

Firstly, can they provide 99 pips per month?
Second, your equity can stand for their DD?

I will go thru the site now and reply over here by tonight, cause now wan go take dinner.

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Added on July 21, 2008, 7:52 pmHere my opinion, sorry if i done mistake on interpret the website, and this is only based on my own opinion:

1) They wrote they earn USD 46,205 in a weeks, but we cant see any live statement or proof.
2) No past statement for us to browse thru.
3) How many currency pair did they trade? If they trade 36pairs, does we have such high equity to run the margin in our acc?
4) No table of result, means there is no real result posted, they did not post up a result such that, May --> earn 160pips , June --> earn 200pips.
They did not provide this on.
5) Did not tell us the drawdown and others details.

But there is the posiblities that this is really profitable, i dunno it and not sure, cause there is no one can show us any proof.

Here is a site to another signal provider. fxspotdesk.com
They're real and not scam, you can get many info from their website. They did it in profesionally way, and i does tried their free testing period, and i can prove that their signal is as shown in the statement, exactly the same.

You can try compare how this both difference. fxspotdesk get a 3/5 rating from me.

This is all i could provide bro. The maximum of my knowledge i think.

This post has been edited by mphpopular: Jul 21 2008, 07:52 PM

Hi Guys,

This is my first time trying out a demo account..

There are a fews things that I do not quite understand..

For the bar on the lower part of the graph, where its shows S/L, T/P, Price, Profit..

1. What does S/L means?

2. Also what does T/P stands for?

3. Price is refers to the buy/sell price?

4. Profit - why is it showing a negative value? Is it means trading at a loss?

5. The graph is there any way to analyze it?

Thanks a lot guys..






And also please help me with this one..

1. What does volume refers to?

2. What is a stop loss and take profit?

3. Any difference besides selecting instant execution for the Type?

4. And what does enable maximum deviation from quoted price means?




This post has been edited by Zack Styler: Jul 21 2008, 07:58 PM

Bro, you're really joking wif me, luckily you telling me you're trying on demo not live.
Go thru this and you will get alot of info and benefit, i guarantee it for you, it answer all your 5 question
http://www.babypips.com/school/

SL means stop loss
TP means target profit
Price means the price you enter the market
Profit means how much you earn / loss (so there is of course a negative value)

Analyse -> all have their own idea on analyse their graph, you can get some idea over the sites i post juz now.
The most basic ways is to learn draw trendlines by manually.

Juz post here if you've further question. We will try to help if we are free and able to answer it out.

This post has been edited by mphpopular: Jul 21 2008, 07:58 PM

obviously, u shld go n read/learn about forex trading 1st. just a lil' answer - SL = Stop Loss TP = Target Price/Point



edit:

opss.. mphpopular beat me on replying the post hehe

This post has been edited by maiself: Jul 21 2008, 08:01 PM

Thanks bro..

You are really a pro..

Actually juz want to let you know, this is all basic, make sure you read thru the pages, it does help you. I guarantee you'll have alot of benefits after reading those. But juz to let you know, the sites i shown you is juz a kind of shortcut to learn forex.

Still my advice, go read more books about forex or sites. I did not really believe that forum can provide you wif adequate info, bcoz mostly they're discuss on analysis stuff.

Hmm any specific good books on Forex to recommend?

brothaa!!! how's every1 doin... i jus came bc from meetin in kelantan.... EU kena my SL... -usd 53

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Added on July 21, 2008, 9:23 pm


volume refer s to d tickers... coz dreal volume or 'lots' is not available... so its extremely depends on ur broker server...

This post has been edited by low yat 82: Jul 21 2008, 09:23 PM

Next time i wont, i promise hehe. Juz this few day free from work, so keep on jalan jalan in LYN

Not bad llor. First day real account win 13pips.

My mid term strategy on demo-ing juz win 33 pips. How come always demo win more than real.....ZZZ. I this week so free, I'm so happy that i able to do trade from home.

Starting to miss Jebonen and Kevler. Jebonen seems busy, Kevler juz like always, disappeared???

waiting for the signal to short again...

My chart telling me no more trading opportunities for me tonight. Haiz. WHy WHy WHy, and juz to let you know normeck, i juz put aside my short term for a moment and try to develop it further as i found out there is tons of problem to deal wif it... Now stick hard to my mid term, but kinda like wait wait wait, especially i only looking at 3 pairs.