Do you guys pay Income Tax for the profits from FOREX?

hey guys,

do u guys tink AUD will go on appreciating? im not into forex thingy.. im juz worry bout the exchange rate. i hope it will get weaken for the next month or so. so i dun hav to pay so much of my fees due to the currency exchange..

yiivei now is the time to change ur aussie dollars.. gold prices rebound up already... gold price up = aud go up also

---

Added on October 30, 2008, 11:05 am@casanova
capital investment is not taxable

This post has been edited by kelvin_tan: Oct 30 2008, 11:05 AM

Short GJ...


Attached thumbnail(s)

short EJ EU.. a bit too late i short EU .. and my EJ shorting also slow lost 35 pips there..

Argh, bloody AUD please drop lower. >"<

somehow each time when i short EU and EJ together.. i always regret not putting bigger lots on EJ.. instead i put them on EU.. and EU is always more on the losing side (holding negative pips)

EU EJ GJ

I will update later bcoz now havent finish do analysis. Juz a briefly update from yesterday.


Attached thumbnail(s)

i feel EU is hitting resistence.the upside will be quite limited for time being.look at the 4 hrly chart, it hitting 78.6 resistence, it also hit a trendline at that level.

[img=http://img401.imageshack.us/img401/2462/eufq5.th.gif]

This post has been edited by r326196: Oct 30 2008, 04:08 PM

why u wan AUD to drop? As per kelvin, the gold is rebound rite now, so AUD will be up 2..

To pay my school fees?

According to the latest news, AUD will drop tomorrow because of funds adjustments for end of the month. I hope it drops to around 2.0-2.2 level so i can buy in.

EU H4 and m15


Attached thumbnail(s)

GU

---

Added on October 30, 2008, 5:07 pmShorted EU at 1.3133 TP for channel lower line 1.3078. SL 40pips. SL will be adjusted to +1 when +20pips

This post has been edited by mphpopular: Oct 30 2008, 05:07 PM


Attached thumbnail(s)

me also shorted EU, already lock in 25 pips profit, next 2 lot let it run for profit TP : 13019

This post has been edited by r326196: Oct 30 2008, 05:20 PM

EJ H1

---

Added on October 30, 2008, 5:29 pmEURCAD anyone looking at it? Now I cant find any point of TP in EURCAD for short. Anyone would like to comment abit?

---

Added on October 30, 2008, 5:33 pmEU closed at TP.

This post has been edited by mphpopular: Oct 30 2008, 05:33 PM


Attached thumbnail(s)

got thinking of long EU?

GRRRRRRR i got stopped out on the EU pair... +1 pip only.. T_T my EJ closed with +18 pips... went out n missed the exit point

---

Added on October 30, 2008, 6:29 pmshort EU again.. 1.30861..
not going to long EU until EU announces a IR cut..

---

Added on October 30, 2008, 6:31 pmerrr i just got home... and am i looking at a double top on the hourly chart on EJ ? i'll post a chart

This post has been edited by kelvin_tan: Oct 30 2008, 06:32 PM


Attached thumbnail(s)

For so many pattern. I guess DOuble TOp is the most easy spotted one and most easy to trade with. I prefer to trade Double TOP.

Flag breakout always have too many of false breakout.

Head and shoulder require many experience to spotted it.

lol.. head and shoulder i seldom can spot and when i really decide to analyze deeply.. usually head and shoulders mislead me

for flag, i feel it better to go to a higher timeframe e.g 4hr , loow for S/R. than go to a lower timeframe e.g 15min, usually will see lot of flag b cos price usual stall at that level. then trade with the 4 hourly trend


something for metratrader user, when you draw a line by default it will draw a endless line. if you want to draw only a short line , then

1) first draw a line , go to the properities, then uncheck the " ray"

2) if you want the properities to appear everytime you draw a fibo or line , easy for you to chg colour , then go to

---> Tools ----> option -----> objects ----> check the first and third box

This post has been edited by r326196: Oct 30 2008, 07:50 PM