Trying to regain losses is kind of bad thing for me. Juz treat it as a "must expenses in forex"

Use that opportunity to learn. Only lose trade will let me learn and growth more.

Bro mph, so normally how long after the news out would be the best time to trade again? How to know when the impact already over?

Juz placed a long on GJ at 189.35. AIm for 40pips for this retracement.

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Added on September 15, 2008, 9:38 pmI usually wait for 30m / see the price action lor. The more time you spend on looking chart and doing the forex, you'll understand it better and better.

I hate a lag line, even streamyx nowaday not doing a good job. I try to buy GJ 188.99 and only manage to get it at 189.35. Line is too lag...

This post has been edited by mphpopular: Sep 15 2008, 09:38 PM

holy shit EJ is crazy.. i just managed to scalp it ..

@mphpopular
yea losing allows u to learn more. However everyone i'm sure likes to look at their account grow =)

Its ok la. I see my micro acc going backward, but my mini account going forward. So i guess it still ok for me, paying small to learn how to profit big. Hehe.
Wish I didn't play with fire today. Trying to play countertrend with GJ, dont like the feel, will close it anytime in order to safe my self.

@mphpopular better just scalp for today.. or dun touch .. dun wanna get burnt like me T_T.. the market is going up down at crazy volatility.. unless ur stop loss is like 300 pips.. ><

This post has been edited by kelvin_tan: Sep 15 2008, 09:45 PM

HIt my SL at +1. GJ closed at +1. Guess I'll better to be a good boy and wait for another short. Too scary.

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Added on September 15, 2008, 10:02 pmJuz shorted EU. Wish I wont overtrade by today. See what happen. Setting a tight SL 22pips.

This post has been edited by mphpopular: Sep 15 2008, 10:02 PM

EU going up i nearly shorted also..

Kena SL 22pips for EU. Haha. Too bad.

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Added on September 15, 2008, 10:18 pmGJ LOng again and juz closed with 40pips. I love the small pips today. Win small small loss small small.

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Added on September 15, 2008, 10:21 pmNormeck, ask you about this, if we usually trade GJ, will you feel the SL is abit not risk-reward ratio?

For example, if i want to win a 40pips in GJ, I will set a SL around 100pips
But for GU and EU, want to win 40pips, only nid around SL of 30-40pips

Guess is it abit unappropriate for my GJ? Anyone wish to comment on it?

CUrrently all pair is juz moving sideway more than trending? (Image attached)

This post has been edited by mphpopular: Sep 15 2008, 10:24 PM


Attached image(s)

lol.. nice one for ur GJ

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Added on September 15, 2008, 10:28 pmits not that its moving sideways... its we can't catch any trend.. too volatile..

This post has been edited by kelvin_tan: Sep 15 2008, 10:28 PM

I listen to you and stop trade for today. The market juz not suit me. Heart beat faster than the price movement. Need relax and sit back for a while

i would liek to thank streamyx for being so unreliable and i missed my short for EU .. was disconnected.. would have been +30 pips

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Added on September 15, 2008, 10:31 pmEdit
I meant EJ ><

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Added on September 15, 2008, 10:35 pmoh now my platform is down... =/

This post has been edited by kelvin_tan: Sep 15 2008, 10:35 PM

Check out UJ. This is one pair that hasn't close the gap yet. Where do you think it will be heading to?

will do so once my platform can connect... i think its down at the moment T_T

How to see this image? where can i get it?

http://www.forex-tsd.com/harmonic-trading/...zigzags-34.html

On this page. You can get it there.

Edit:
Woa, the GJ, the upmove. Unexpected value for me. Luckily juz sit here and see only.

This post has been edited by mphpopular: Sep 15 2008, 11:31 PM

USD + JPY lah, what else. I beginning to see USD as carry trade already. It seems to be moving out from the USA economy, something like JPY.

Bad US Economy = USD rise? check the stock again. yup Stock unwind = USD rise too. Seems more likely now. The only 2 place to park money safely is USD and JPY.

i also notice dat...

hm...dont think money is moving to Japan...UJ still remains bearish since the early August top, with Nikkei continuously heading south..

hm...i was expecting money to move to much safer place like the Switz...Seems like the upmove of EU might just be a correction, if not a bear flag...the only thing that doesnt look bearish..left SMI...

hmm....maybe..buying SMI futures in Wall Street?

This post has been edited by small-jeff: Sep 16 2008, 12:16 AM

can any 1 hav alternate countin? or does any1 can prove dat i've wrongly countin?






if my countin is correct, i'll short vry soon... after completin of wave b n when wave c is already on d way..

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Added on September 16, 2008, 12:34 amEU hits d yellow line dat i draw... so i guess its a throwbacks n let trader to get some profit/ to add positions... wether d continuation of up trend is still remain blur.. let d price action tell us ^.^

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Added on September 16, 2008, 12:46 amouch.. jus remembered dat wave 4 cant overlap wave 1... is it a must? wat does act mean by overlap??canoot touch?

This post has been edited by low yat 82: Sep 16 2008, 12:46 AM