anybody entered their trades yet? today really many ups n downs T_T

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Added on October 9, 2008, 9:10 pmwhere is adam?

This post has been edited by kelvin_tan: Oct 9 2008, 09:10 PM

hm...no entry point for me thus far...

TA time...a bear flag shown on EU daily, flag may end next week. no clear direction at this moment...while EU is on a struggling up move channel...market would surely need a good surprise this time

EU still going down ? but oil is going back up..

perhaps the only nation looking good economically left is....China.

@kelvin
last week i expected an up move (even though i hate making expectations on the market)...but with the given the outlook of this week, no idea where's the direction now. Sentiments and monies are rather scattered, but on plain TA (which i don't rely solely on its own), the bullish reversal on EU may fail by next week. Breaking the support line of the up move may cheat away with quite some pips though.

Just my opinion

This post has been edited by small-jeff: Oct 9 2008, 09:19 PM

i thought it will be bottomed out by now.. and the global cut in interest rates signalled an economy reversal to me.. but it seems to just freeze there n not moving.. i'm not much in TA as i'm still learning.. >< thanks for ur opinion.. heh i'm here to learn after all ^^

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Added on October 9, 2008, 9:24 pmdecided to short GU... the daily pivot seems to be quite a resistance here.. and stoch shows its overbought..

This post has been edited by kelvin_tan: Oct 9 2008, 09:24 PM

now there no much trend or direction. better to trade on major S/R, using momentum indicator for entry or exit.

Didn't take any trades at all. Today langsung no feel with the market. See here see there also didn't have any nice entry price.

dont mention it...i'm an amateur myself

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Added on October 9, 2008, 9:27 pmEU seems to make an up move...but i'll wait and see on this one

This post has been edited by small-jeff: Oct 9 2008, 09:27 PM

the market is rather..up down left right.. mayb should follow billytongs footsteps n take a break ?

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Added on October 9, 2008, 9:29 pmshort on GU paying off a bit.. protect capital at SL +2
currently +15 pips..

This post has been edited by kelvin_tan: Oct 9 2008, 09:29 PM

oooh....bad call...(me)

This post has been edited by small-jeff: Oct 9 2008, 09:30 PM

i think a long on EU at 1.3655 is a good point too.. daily pivot seems to be a strong resistance/support also.. =) but i wont be entering as i'm already in a trade..dun wanna overtrade

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Added on October 9, 2008, 9:32 pmlol..actually small-jeff... do u think that this weeks market.. there is no TA that actually does give u a higher percentage of getting a correct trade ? i feel like the market this week is mostly gambling for me .. nothing seems to b working the way it should

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Added on October 9, 2008, 9:35 pmand about my point on EU and EJ not being similar... check out EU and EJ now.. what is happening?

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Added on October 9, 2008, 9:38 pmenter trade on EU at 1.3658 with 50 units heh .. testing theory..

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Added on October 9, 2008, 9:41 pmexit both GU and EU... GU +9 pips EU +6 pips..

This post has been edited by kelvin_tan: Oct 9 2008, 09:41 PM

made bout 10 positions this week, rest on tuesday...only 6 trades based on TA got right...the others are losses

heh the long on EU is ..as of now.. great.. but i exited.. was just to test.. should have bought more but oh well

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Added on October 9, 2008, 10:14 pmShort GU and Long EU... i know its contradicting each other but its what i feel comfortable doing ><

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Added on October 9, 2008, 10:17 pmclosed both.. dunno how much pip lost/gain but profit from it ><

This post has been edited by kelvin_tan: Oct 9 2008, 10:17 PM

china pop up this toxicated milk thingy....how can they be good economic ~

melamine? loool ..

ya lol.....so serious until almost every country in the world reject milk product come from mainland china....milk product ler....the range so wide

kelvin u did it again.. exited GU TOOOOOOOOOOOOOOOOOO EARLY !!! GR!!!!

kelvin...dont blame ur own technique for not/less profiting...its better to not/less profit than losses

market trading opportunities is always available...

haha...the milk thing is just a short term thing, unless they keep producing such products. Not to forget, China itself is a huge market. With the recent slow down, even as the shares drop, it's still not in the state of recession. The reason, it has a rather sustained 11% growth, the current slow down reduced it to 8%, a rate which typical nations would have considered a good rate at good times...

lol... my profit target was set actually.. just that i wanted to protect my gains.. should i have let it run .. today i would be +250-300 pips but oh well.. i think i've enough tonight..