i read the green one...if it OB or OS...then start open trade....the other Stoch..just for comfirmation..if 3 stoch was OS..thats mean it is highly it will will go up....u can read more at FF....there's the topic "Bring the Sexy back..Stoch" something like that....
thats my entry...

ur exit?
my exit was Stop LOst

my exit..depends....u aim for how many pips? 50 pips? 100 pips? ....dont expect lower timeframe will give u 500 pip...

and the MA...it was trending indicator...if u want to stay longer...then look at it...

tq

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Added on October 29, 2008, 4:04 pmclosed 102 green pips

This post has been edited by normeck: Oct 29 2008, 04:04 PM


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so this system is using stoc as OB/OS. i use sto mainly for divergence.when going to start a real acct

ouch!...

@normeck
dude come back man.. i'm sure u can do well just that dun make the same mistake of not using stop loss..

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Added on October 29, 2008, 6:30 pmexperimenting carry trade... aint looking so good

long NZD/USD 0.57430
long NZD/JPY 55.956

SL set to +1 on NZD/USD ..
holding negative pips on NZD/JPY

This post has been edited by kelvin_tan: Oct 29 2008, 06:30 PM

Wow! Now im knew the simple mistakes that done by normeck.
No wonder forex is so darn volatile. Just didn't put SL can wipe out all the balances.
Need to bear every time in mind to remember to set SL.

@Normeck
Glad that you could rise back and keep continue the challenge.
All the best to you in future !
Ur experience give us a valuable lesson.

Why don't you carry trade USD/TRY
it yield $0.40/day to short 1000 unit

i have burnt small amount only USD370....thats total capital i invest for the past 1 year....

i have been through GJ at 1st attempt 192.xx...then go to 216.xx now 155.xx..
i have been on hedging too...but hedging like my friends said its a high lvl skill in forex....

and SL was VERY important....
now im practising SL....on DEmo....

i'll be back... ... lets fancy this forex world

Hi, normeck, happy that you will be back soon.

My micro account that day almost get MC. LOL. I practising SL, but juz an inappropriate SL. This few day I wont trading Much, I cant see the trend clearly.

Only will do some scalping tis few day. Kinda headache because our weather so hot....

An bull FLAG in GJ? I no dare to take the risk for LONG GJ right NOW... LOL


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USD/CAD: Short opportunity for every rebound.
Tips: When touch on 100MA as it has broke it

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Added on October 29, 2008, 9:00 pmSeem most of XXX/JPY currency in consolidating mode.
Need to find other pair that is negative correlation with XXX/JPY pairs.

Better take time off and study forex books.

This post has been edited by dreams_achiever: Oct 29 2008, 09:00 PM


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not a flag...the flag formation failed..

GRRR i got stopped out on my NZD/USD and NZD/JPY trades... now long again..

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Added on October 29, 2008, 10:18 pmgold prices starting to rocket upwards again..

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Added on October 29, 2008, 10:22 pmlooking for guidance on how to carry trade... advice on trading.. i've a feeling my usual trading style of setting SL to +1 after the pips are above 30 isn't working here..

This post has been edited by kelvin_tan: Oct 29 2008, 10:22 PM

this is the method i learn, apply the 80/20 rule

e.g if you are risking 40 pips

first 8 lot, always close at 20pips profit(include yr spread ) = 8*2 = 160 profit
last 2 lot, let your profit run. = 160 + ( yr last 2 lot profit ), you can also move yr stop to +1, but i dont do that b cos this 2 lot is intended for bigger profit

even if yr last 2 lot get stop out, you still have 80 pips profit.if it goes in yr intended direction, you will profit even more

dont need to go for those big move, if you can have 4 sucessful trade, you can call it a day

This post has been edited by r326196: Oct 29 2008, 10:28 PM

oh .. i get what u mean.. but sadly the amount of lots i'm trading .. if i apply the 80/20 rule.. the remaining 20 will be 200 units only... and carry trade on that 200 units is going to be like 1-2 cents a day >< i'm not looking to close with pips.. i'm looking for long term interest earnings

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Added on October 29, 2008, 10:31 pmnvm.. i'm not rdy for carry trades... volatility and me protecting capital isn't the way to go ><

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Added on October 29, 2008, 10:34 pmUSD/CAD down from 1.30XX to 1.22... anybody managed to short it yesterday? =)

This post has been edited by kelvin_tan: Oct 29 2008, 10:34 PM

sigh, missed liao.
CAD -> depend on oil price. If up, it will up. positive correlation. Today crude oil +USD3 -> USD66
Next time will monitor oil price and try to forecast USD/CAD movement.

if you are going for long term interest rate, meaing u will be hold trade for few day or even mth. however using yr method , you are setting to tight stop around 20 pips-30pips. yr stop can easily be hit by news or gap.i feel that if you going for interest, then it better trade on a higher timeframe, best is at least daily chart.
i not guru, just a small comment only,cheers

This post has been edited by r326196: Oct 29 2008, 10:47 PM

r326196
i was supposed to buy at bottom >< anyway it was just an experiment as i'm new to carry trading.. i've concluded that carry trading is not worth it for my kind of small account as the risk return ratio can give me a heart attack >< the spreads are high too ..

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Added on October 29, 2008, 10:54 pm@dreams_achiever
already gave signal to sell yesterday ma >< for me i just didn't want to risk my account because i was using my margin to trade other pairs.. didn't wanna overtrade... today sad day earned +15 pips only because of up n down... earn USD1.50 >< i think thats it.. dun want to overtrade.. good luck pipping guys...

This post has been edited by kelvin_tan: Oct 29 2008, 10:54 PM

no worries...actually, 15 pips is good enough for a day...

it can be $1.5, $15, $150, $1500....you get the point IMO, it's always best to learn how to earn pips first, rather than looking at $$$ just my $0.02

EURUSD going WILD tonite....

hahah small-jeff. I'm not looking at money actually.. because for now the money i have in the account is so called my tuition fees.. of course i prefer it to grow.. i'm more into the total amount of pips rather then the money because if i can earn the pips.. next time when i trade bigger lots (when i have money la ) i can earn more