what short term only......u forgot how human react ler....i ask u ler....if you were those parent with kids/babies especially things related to human life...1 times news so big until international...would u still buy that particular country/brand that use to have issue....after it cool down or no more?

stop producing no use also...the "brand name" already stink....who still want it

This post has been edited by dr2k3: Oct 9 2008, 10:32 PM

Very uneasy feel with the market, unless you is scalping, if not I really also dont want to take a trades at all. I seldom see my meter working like this, make me uncertain with which direction to go. Act too strange already. Today juz sit here read chart la.

No any country is winning at the prior one, but all the pairs still moving insanely, which means, all pair moving without correlated to each other, how come??? I also dont understand.

This post has been edited by mphpopular: Oct 9 2008, 10:48 PM


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now only u notice? u too slow....since the day GU n EU drop n broke the 13month low....almost every pair is not correlated

lol.. i wish i knew that earlier.. i was long on EU and short on GU.. i thought it would off set each other.. so when a profit came i closed position ... and... i exited too early.. 200 pips ( sob..

i never forget how human reacts

china's economy doesnt depends on dairy products...plus, it's not the fist time poisonous products got out into the market anyway, and China is definitely not the first. And it certainly wouldnt affect much on the FDIs, which includes a vast of semi-finished products. One wouldnt open up their tv to check for any components made in China, wouldnt it? In fact, the current slow down, and the drop of commodity prices, would even further reduce concerns of inflation. Cheap and skilled/specialized labours, considerably better than average technologies availability, and the 1.3bil population market, etc, are still the main focus.

If US, Europe, Japan, Brazil fail, or take a decade or so to recover (Japan hasnt recovered since 1990s), China would be the next power house. US's boom after recession has been lowered in terms of GDP since 1920s, especially apparent from the last one.

anyway, back to forex

EU's move is damn ugly the whole week....losses....shouldnt be greedy to recover

thanks mate ..maybe i need to focus on smaller timeframe especially 5min ...buy from bottom , sell from top

while we in economic turmoil ...perhaps scalping is the best solution i can use by the way ..

p/s i'm looking forward for Eu/Aud currency ..the spread is more disaster then GJ ...try with your own risk ..

LOL, I like how you describe it, DISASTER.

what is there going to happen?

kinda agree with u that dairy product is not the only thing they have....but this incident causes so much death.....we have no idea how big is the impact on other thing as well...china as "brand" is being tarnished.....

i duno where to look for china index chart....but my guts tell me.....global economy crisis + international poison dairy product....their index should drop faster than US.....

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Added on October 10, 2008, 9:12 amright now i think not only dairy product.....as long as it is food coming from china people dare not to buy

This post has been edited by dr2k3: Oct 10 2008, 09:12 AM

u need to trade with that pair first ..then you'll know how that pair able to give you more profit ...but follow the trend as usual ...

trend is your friend

the spread on oanda is seriously ugly since this stupid financial crisis took place..

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Added on October 10, 2008, 11:41 amGU going below 1.7000 really soon

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Added on October 10, 2008, 12:06 pmshort EU 1.35716

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Added on October 10, 2008, 12:32 pmexit EU with +55 pips

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Added on October 10, 2008, 12:43 pmenough for today i think... need to stick to my principles of stop forexing once i get more then 1% of my account.. i guess this is it for today as friday tends to be very unsteady

This post has been edited by kelvin_tan: Oct 10 2008, 12:43 PM

Hi guys, im new in forex trading . My friend recommends me www.forexproindicator.com, any of you heard about it before ? need your comment ~! thank you .

u sounds more like advertising to me

go long EU @ 1.3515

i just came out of a short from EU with +44 pips.. good luck with ur long

closed with +20 pips..
might go up somemore.. but a bit worry
decided to close with profit

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Added on October 10, 2008, 9:22 pmstochastic shown going to go in to short position..
wonder~~

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Added on October 10, 2008, 9:25 pmbollinger bands shown like not going to short
hold back n have dinner first

This post has been edited by firecrac: Oct 10 2008, 09:25 PM

lucky u exit it early.. trend is still down.. overall today quite good.. i got close to 100pips ^^ c u guys next week

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Added on October 11, 2008, 12:39 pmhoho.. after looking at the prices of oil.. we can expect the EU pair to go down even further

This post has been edited by kelvin_tan: Oct 11 2008, 12:39 PM

I dont put few ten of thousand buck to learn these crazy stuff. It is not worth my money. I want a clear cut position. Consistency is key and TA wont work if the Central bank do some surprise stun like a combine rate cut days ago. if ur TA showing market recovering up, but suddenly surprise emergency big rate cut instant drop 100pips how would ur TA detect those? TA wont even work in these market any surprise thing from those central bank people or a few more bank failure can turn the trend instantly.

This post has been edited by billytong: Oct 11 2008, 08:18 PM

TA still work for me....but must follow the market closely...cannot open a trade a walk away....

no one ask u to open such big position in this kind of market, this is why position sizing or money management is also important....

yeah..kinda agree with dr2k3...scalping with basic TA still work. However, using patterns sometimes would be invalid. Scalping small pips with higher leverage (managed) could still do the trick. However, SL would require to be higher than in normal times..