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

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dr2k3
post Aug 6 2008, 10:58 AM

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QUOTE(normeck @ Aug 6 2008, 10:45 AM)
last night news...

do you know already that it will a good news ?
from what i understand now...they are going to straightening the USD....but usually Monday - tuesday it selling time (from what i see la...) and Wed till Thursday will be buying time....(this case, everyone want take the Double Swap..bla bla bla)and Friday will be selling time....

if USD are going strong...then Euro and Japan will follow rite?....
and i think i read it in this thread...IF NFP and CPi or GDP....+ve...so the next coming week, all the news MAYBE (i think 80%) will be in +ve...

please correct me....cause im really blind in fundemental...can ask me if u want me to understand...some sort like quiz la....
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no one will know wether its good news or bad news before news release unless he or she has connection with the fed

market not necessary move the way according to news, even bad news for US, the UJ also can move up

learn to trade bigger time frame n u wont have to worry about news anymore

This post has been edited by dr2k3: Aug 6 2008, 10:59 AM
dr2k3
post Aug 6 2008, 11:07 AM

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which broker u deal with so fast one o_O

anyone care to explain to me about the double swapping thing?


This post has been edited by dr2k3: Aug 6 2008, 11:08 AM
dr2k3
post Aug 6 2008, 11:15 AM

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QUOTE(low yat 82 @ Aug 6 2008, 11:11 AM)
mine is from ODL...

i wonder how much fxcm charge...  hmm.gif

wat double swappin? u mean overnight interest?
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u need to notarized ur photocopy passport for ODL?
dr2k3
post Aug 6 2008, 11:21 AM

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QUOTE(low yat 82 @ Aug 6 2008, 11:18 AM)
i.c. n driving's license... i think all of regulated broker will ask d same thing..
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well i found a few broker require u to notarize ur IC/driving license photocopy......means still need to goto lawyer or something like that
dr2k3
post Aug 6 2008, 11:52 AM

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faster than local interbank transfer ~_~
dr2k3
post Aug 6 2008, 01:02 PM

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QUOTE(wodenus @ Aug 6 2008, 12:41 PM)
LOL... you're incredble.. can he pick them or what ? smile.gif


Added on August 6, 2008, 12:50 pm

See what I mean ? he can tell where it turns around smile.gif
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not really turn around, i call it retracement price lvl tongue.gif
dr2k3
post Aug 6 2008, 06:07 PM

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Gj is so wild - -"
dr2k3
post Aug 6 2008, 06:34 PM

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QUOTE(billytong @ Aug 6 2008, 06:28 PM)
Like I said it is not about risk and reward here, it is about getting the consistency of winning first. u need to get the % of winning first then only u talk about risk:reward. Whats the point of earning 100USD and lose 10USD consistently 11 times?  tongue.gif

As for the refund issue, to be honest, they will give all sort of reason not to fund u. It is something that practice very common nowadays.

If they are profiting in the market, why not they spend their time earn in market than trying teach someone for 6months with just 3K?
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damn agree with u

in western, some people have earn more than enough that they willing to teach people for free
dr2k3
post Aug 7 2008, 08:12 AM

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QUOTE(tuo850 @ Aug 7 2008, 06:02 AM)
UJ is going down after touching 109.85.
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retracement down or permenant down as in bear market


dr2k3
post Aug 7 2008, 12:15 PM

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QUOTE(billytong @ Aug 7 2008, 12:00 PM)
Stay out of GJ, it is UK interest rate decision today.Spread will open to 15-20pips. U dont wanna get caught on long @ spike or short @ rock bottom or get slipped 20-40pips.

btw u can try on Demo and have fun on GJ. Feel the pain of spread during rate decision. tongue.gif
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i didnt know today is interest rate day..... -150 lol ~_~

my long term chart tell me possible down trend + GU is down...but the freaking GJ is up.....~_~
dr2k3
post Aug 7 2008, 01:27 PM

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QUOTE(billytong @ Aug 7 2008, 01:19 PM)
Believe me or not those guys @ Center Bank of England, what they said in the meeting can easily invalidate all ur analysis. tongue.gif
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ya i know...i see chart is down trend.....

only need 1 candlestick n i will know wether it is reverse or not.....just hope what they say dont form the candle im afraid of = ="

and because i trade long term....1 candle = alot pip >< so if i wrong = alot negative ><

and there will be 2 interest rate announcement later - -" ......lets hope no insane movement........

high possibility that EU and GU continue go down......the worst i think is sideway......GJ not so sure.....the trend is reverse from what i see....need to check 2 more day to confirm the trend.....

P.S

i hate news - -"

This post has been edited by dr2k3: Aug 7 2008, 01:35 PM
dr2k3
post Aug 7 2008, 03:04 PM

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QUOTE(low yat 82 @ Aug 7 2008, 02:17 PM)
IMHO, for new traders, i would highly suggest trade shorter time period...  onli trade longer time period if u can control ur emotion most of d time...
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lol i would say opposite instead

i tot should be newbie longer time frame and pro go for shorter time frame coz shorter time frame is very volatile and good for scalper

when i mean alot -tive pip doesnt mean alot $, it comes down to position size......

longer time frame u wont get trapped by false spike or news

longer time frame means bigger TP also means big SL......

i can aim for 150 pips easily and SL less than 100

shorter time frame so easy to hit SL and get false spike to flush u out of the market = more losses

This post has been edited by dr2k3: Aug 7 2008, 03:06 PM
dr2k3
post Aug 7 2008, 03:20 PM

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QUOTE(billytong @ Aug 7 2008, 03:14 PM)
I have SL sometimes near 300pips-400pips.

or sometimes I take a opposite trade to earn back the -ve I have.

After many days of short EU scalping, now finally I got stuck bottom here. tongue.gif  Well nvm. I got 600euros from scalping since July 31. The next thing is see where the EU want to go.
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whats ur TP? 500-600?.....

i only need within 100pips to detect possible trend change....300 to 400 is too much .....

This post has been edited by dr2k3: Aug 7 2008, 03:23 PM
dr2k3
post Aug 7 2008, 03:36 PM

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QUOTE(billytong @ Aug 7 2008, 03:25 PM)
It is not much if u use low % of margin per trade. or u take a counter position. That 300-400 could be artificially reduce to 100.  smile.gif

300-400pip is because i hate to Close my trade at the very end of the trend.(for example the top of a spike or the bottom of a valley). Not worth in my opinion. But normally it wont go to 300-400pips -ve one. I just hate market hit my SL @ the bad price.  smile.gif

I normally hold a while and close it @ retracement.
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well...its not about % margin

coz if i have 300-400 SL i must have higher TP....else its like doing something for nothing
incase it really hit the SL

well for EU,GU normally it wont reach 300-400.....if it did thts mean ur holding ur losses way too long

but for GJ 300-400 is normal
dr2k3
post Aug 7 2008, 03:48 PM

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i dont think BOK rate matter much =x .....


dr2k3
post Aug 7 2008, 03:52 PM

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people say only trade when London and New York market open...n Korea = Asian Session.....

Asian Session is not so good to trade
dr2k3
post Aug 7 2008, 05:21 PM

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QUOTE(low yat 82 @ Aug 7 2008, 04:53 PM)
crap... if TT bc to malaysia today, i can get more money  tongue.gif
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so greedy one u....tongue.gif

anyway...BNM try to protect the currency from dropping...no eye see....

lame government = no one want to invest = no 1 want MY money.....confirm drop one
dr2k3
post Aug 8 2008, 03:19 AM

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QUOTE(mphpopular @ Aug 8 2008, 02:31 AM)
My GJ

I wont take GJ short now due to 3 reason.

I still waiting the price to reach the main bear channel line.
The risk reward ratio now is not suit to my taste.
I hate the swap. Pain.
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from my point of view, GJ is going down thumbup.gif rclxm9.gif tongue.gif

This post has been edited by dr2k3: Aug 8 2008, 03:20 AM
dr2k3
post Aug 8 2008, 08:35 AM

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try learn to see multiple currency at the same time, its easier to see where the market is trying to move
dr2k3
post Aug 8 2008, 08:52 AM

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nasty as in good for u or bad for u???

65 pips = negative or positive?

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