If u have a larger range, u will get ur money. Remember the short I took yest that I complain? now I dont complain anymore because it is making money for me.

Ur only risk when u trade this way is a Major Trend.

It is closed my friend

To be honest I am revealing my style too much, I have a mutual agreement with my other partner that we should keep our profile low. I guess I gonna end about my style here.

normeck, Jebo read what dr2k3 said. Something that work on me doesnt mean it work on u.

To make things even more interesting it is pre NFP so everyone is waiting for it.

I strongly against u guys playing big % lot size @ UJ.

That pair might move a bit more wild than others during NFP.(most of the time).

Because when NFP comes out, it will go 90 degree either north or south on all USD pairs. No indicator on earth will be right about NFP.

hehe the result of playing with fire NFP is where u cry a lot, either Happy crying or sad crying.

As for NFP explanation.

The result of NFP come out less than Market predict, so this makes the big USD bull. but the unemployment is higher by 0.1%. This one is where it stop the USD bull. Now the market had digest these data and settle down a bit and they are waiting for ISM to make their final move. This move will set the trend for the rest of the hours on this week.

Be my guess I calling a bottom of EU 5473 in near term. Lets see if I am correct or not

This post has been edited by billytong: Aug 1 2008, 09:07 PM

FIXED I got blinded yes it is 0.1%

Anyway key support 5473.

Base on my numbers, because euro likes to hit the certain numbers to bounce.

For example, lately euro like to hit 1.xx10-20 to bounce, return from 1.xx80-90 and also I base on the number of pips movement it move. For example if it move normally 60,80,150pips this season it will move that again and again. it is just a consistency numbers that it likes to stop and turn around there. Of cause I could be wrong sometimes.

and I notice 7 out of 10 times @ 3pm euro move down. If it didnt it will go more bullish later on. then on morning around 8am out of unknown reason, most of the time euro go up by a little.

if u dont believe me try to pay attention on around the 3pm and 8am thingy +/- 30min in that time. it is not 100% accurate but most of the time I find it to be correct

And it is rarely euro move a lot after 1-2am more like settle down unless but news like Fed rate cut or last day of a quarter or last day of month, last friday of quarter, last friday of month.

EDIT
Besides i do use Candle too they are fairly accurate and more accurate during Asian hours.

This post has been edited by billytong: Aug 1 2008, 09:42 PM

When I am free. It is Random

EDIT : Sideway for anything below 15-20pips range will be inaccurate.

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

Move or not is it not our power to decide. We are mini small fish.

There u go EU bounce @ 1.xx80ish lvl again

This post has been edited by billytong: Aug 1 2008, 10:17 PM

Actually after news hour like now is a good trading or scalping time. Here is some of mine scalping result. Only 55 euros about RM280+ here.


This post has been edited by billytong: Aug 1 2008, 10:42 PM

Unless the ECB or Fed change the interest rate, otherwise the EU will more likely to be ranging between 1.53xx-1.60xx. AS for the my gameplan, I will more likely to follow gameplan Longing @ bottom, shorting @ spike.

This post has been edited by billytong: Aug 3 2008, 09:24 PM

u are correct my friend, the fundamental of USA can make these 2 pairs go opposite direction. for example, Big green USD news, USD will go up hence GU go down. But at the same time Dow jones go up = as we know yen pairs depends highly on Stocks, hence typically GJ will go up.

I think the only way for them to go same direction all the time is the UK fundamentals.

No I dont know read the lines I am just giving an example.

u know, when u set TP the market always like to run pass ur TP and go another 50-100pips higher. it is something that U cant control. It the same when I Set SL, get hit and turn around leave me in dust. So I give up on setting anything while I on monitor. When I am not around I just set which ever risk I can take (SL) or which ever profit I want to have (TP).

Well I called a bottom in this thread last friday Aust 1st @ 5473. Sorry guys I miss 8-9 pips, the bottom is 5464-5465(at my fxcm broker). 8-9pips diff is a lot to me already.

Right now if we have a new bottom it will be 545x then 542x.