FOREX TRADING HQ VER 4, Speculators, scalpers and traders wanted
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 Sep 11 2008, 02:50 AM, updated 17y ago
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#1
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4,030 posts Joined: Apr 2008  
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Welcome welcome all!
 First timers in Forex, here's a couple of links for you! www.babypips.com - Best introduction site for forex trading www.dailyfx.com www.forexfactory.com Added on September 11, 2008, 7:05 amUpdate: Euro dipped below 1.40, Aussie dipped below 0.80, both currency marked new lows against the dollar. This post has been edited by AdamG1981: Sep 11 2008, 08:37 AM |
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Sep 11 2008, 08:27 AM
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#2
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3,141 posts Joined: Nov 2006
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Adam.. i think mayb u should put www.babypips.com/school and www.forexfactory.com in ur 1st post to serve as a guidance to those new to forex? when they c this thread at least they know where to go to learn.. T_T euro so choppy last night.. wanted to short but worried it goes up instead
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Sep 11 2008, 10:23 AM
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#3
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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Take Profit on Euro short, bank another set of 864 USD.
Now I have a floating short profit of ~9700+ USD @ 3970. Still holding 4802, 4675, 4418, 4178 short. This post has been edited by billytong: Sep 11 2008, 10:24 AM |
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Sep 11 2008, 10:29 AM
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#4
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4,030 posts Joined: Apr 2008
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This week no more forex for me; got caught by the surprisingly strong aussie employment number! Ouch! . Reducing the risk on my portfolio. Shorting FKLI instead.
This post has been edited by AdamG1981: Sep 11 2008, 10:30 AM |
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Sep 11 2008, 10:55 AM
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#5
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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I think the drop of euro is getting near. We have getting near to pre-subprime value. Shorting will be a little bit tighter now. I am back to scalping short while holding the swing short that is on top.
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Sep 11 2008, 11:37 AM
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#6
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4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Sep 10 2008, 07:55 PM) I think the drop of euro is getting near. We have getting near to pre-subprime value. Shorting will be a little bit tighter now. I am back to scalping short while holding the swing short that is on top. Good idea Billy. I will not trade today and tomorrow. No luck in my trades today. Back to shorting FKLI. Good luck, see you tomorrow. |
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Sep 11 2008, 12:40 PM
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#7
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Junior Member
16 posts Joined: Sep 2006
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Hi All,
I wish to start real account for forex... and i'm looking for micro account.. dunno which reliable and trusted broker is providing tis kind of account.. i ever tried fxcast.com but i can't find the Balance/Amount, Close transaction screen on the demo version...(confusing..) So i'm looking for any other forex broker that provide micro account....any idea? |
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Sep 11 2008, 01:11 PM
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#8
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2,932 posts Joined: Sep 2007
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QUOTE(AdamG1981 @ Sep 11 2008, 10:29 AM) This week no more forex for me; got caught by the surprisingly strong aussie employment number! Ouch! . Reducing the risk on my portfolio. Shorting FKLI instead. Did you have a long position on the AUD?  |
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Sep 11 2008, 01:50 PM
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#9
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4,030 posts Joined: Apr 2008
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QUOTE(howszat @ Sep 10 2008, 10:11 PM) Did you have a long position on the AUD? Short position, i closed it way too early. But tonight there's two event risk for the dollar. SO i didn't dare to hold it. |
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Sep 11 2008, 02:03 PM
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3,141 posts Joined: Nov 2006
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@dreamzz
before u want to start an account, do check out the companies background. Some companies are scams while some are barely meeting the CFTC requirement and they certainly wont when the new CFTC enforcement is out. As for micro accounts, IBFX is one. If u want more flexibility as in u can buy any desired amount rather then a mini lot (10,000 units), u can try oanda as they allow u to buy even 1 unit =) |
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Sep 11 2008, 02:23 PM
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3,158 posts Joined: Dec 2006
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wah...now version 4...im back!!!...heheheh!!!
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Sep 11 2008, 02:44 PM
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3,141 posts Joined: Nov 2006
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^^ welcome back normeck..
hows ur account now ? |
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Sep 11 2008, 02:59 PM
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3,158 posts Joined: Dec 2006
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i just top up my margin....if i can clear all the -ve pips..i will withdraw the fund...
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Sep 11 2008, 03:12 PM
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3,141 posts Joined: Nov 2006
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those -ve pips still floating? slowly recovery dude
 i also started live account d ^^ but my account so little funds T_T |
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Sep 11 2008, 03:19 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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alhamdulillah ..i kinda feel relieve now ...i found my rhythm
i'm starting my trade with 32 dolar on 8th Sept ..and i'm focusing my trade only at UJ and GJ currently my account balance is more than 1 k .. right now , pair yen is giving more profit ..target sell all the way |
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Sep 11 2008, 03:44 PM
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Senior Member
3,141 posts Joined: Nov 2006
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USD32 become USD 1k ? u made over 3000% ROI in 3 days?
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Sep 11 2008, 03:45 PM
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Junior Member
16 posts Joined: Sep 2006
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QUOTE(kelvin_tan @ Sep 11 2008, 02:03 PM) @dreamzz Hi Kelvin...u using IBFX? ...it's secure?before u want to start an account, do check out the companies background. Some companies are scams while some are barely meeting the CFTC requirement and they certainly wont when the new CFTC enforcement is out. As for micro accounts, IBFX is one. If u want more flexibility as in u can buy any desired amount rather then a mini lot (10,000 units), u can try oanda as they allow u to buy even 1 unit =) |
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Sep 11 2008, 04:05 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 11 2008, 03:44 PM) USD32 become USD 1k ? u made over 3000% ROI in 3 days? yes sir ...  below is my detailed statement hope my statement able to encourage LYN member to get more profit in forex .. This post has been edited by kevler: Sep 11 2008, 04:07 PM Attached File(s) 
Statement.htm ( 19.7k )
Number of downloads: 549 |
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Sep 11 2008, 04:07 PM
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3,141 posts Joined: Nov 2006
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@dreamzz
nope i use oanda =) because of the flexibility of buying/selling any desired number of units.. i do not have much capital and the minimum lots for ibfx/odl/etc is 0.1 lots which is 10k units.. i usually trade with only 3k units.. =) Added on September 11, 2008, 4:21 pm30 to become 1k is certainly very very impressive.. its considered a superb achievement =) No offense to u kevlar but ur statement does look like a certain software that buys n sells on a lagging basis.. i do not mean anything bad by that but i've seen statements like that and their accounts get shut down by their brokers because the use of such software is deemed illegal.. the usual signs = maximum loss of -1 pip.. On another note. if it really is due to ur own personal skill i really respect u because that is certainly a very very good achievement to be able to make 3000% ROI in 3 days. Good luck in ur future forex trading =) This post has been edited by kelvin_tan: Sep 11 2008, 04:21 PM |
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Sep 11 2008, 04:41 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 11 2008, 04:07 PM) Added on September 11, 2008, 4:21 pm30 to become 1k is certainly very very impressive.. its considered a superb achievement =) No offense to u kevlar but ur statement does look like a certain software that buys n sells on a lagging basis.. i do not mean anything bad by that but i've seen statements like that and their accounts get shut down by their brokers because the use of such software is deemed illegal.. the usual signs = maximum loss of -1 pip.. On another note. if it really is due to ur own personal skill i really respect u because that is certainly a very very good achievement to be able to make 3000% ROI in 3 days. Good luck in ur future forex trading =)  i'm using chaos system (which is created by Bill William) and also elliot wave fundamental i heard 1 guy in forexfactory and he said his friend started with 10k capital and ended with profit 1.7 mil , in a year ...damned envy |
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Sep 11 2008, 04:45 PM
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Senior Member
998 posts Joined: Jul 2005
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QUOTE(kevler @ Sep 11 2008, 04:05 PM) yes sir ... KEVLER THE MASTER, mind sharing your experience in forex? where did you learn forex and any tips of investing below is my detailed statement hope my statement able to encourage LYN member to get more profit in forex ..  ? .. respect This post has been edited by Gravity: Sep 11 2008, 04:46 PM |
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Sep 11 2008, 04:46 PM
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Senior Member
3,141 posts Joined: Nov 2006
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^^ kevler.. google "dan zanger".. u should be envying him
29333% ROI in 1 year lol |
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Sep 11 2008, 04:47 PM
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Junior Member
16 posts Joined: Sep 2006
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QUOTE(kevler @ Sep 11 2008, 03:19 PM) alhamdulillah ..i kinda feel relieve now ...i found my rhythm u start trade with 32 dolar??? juz curious that 32 dolar can open an account...u r using which broker account?i'm starting my trade with 32 dolar on 8th Sept ..and i'm focusing my trade only at UJ and GJ currently my account balance is more than 1 k .. right now , pair yen is giving more profit ..target sell all the way |
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Sep 11 2008, 04:49 PM
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Senior Member
3,141 posts Joined: Nov 2006
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some brokers allow u to open an account with minimal capital.. oanda for instants u can open an account with them with just $1 ..
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Sep 11 2008, 04:53 PM
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Junior Member
16 posts Joined: Sep 2006
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QUOTE(kelvin_tan @ Sep 11 2008, 04:07 PM) @dreamzz hi kelvin... ibfx minimum lot's is 0.01(which are 1k) not 0.1... how much is the minimum amount to start an account in oanda? is it meet CTCF requiremnt?nope i use oanda =) because of the flexibility of buying/selling any desired number of units.. i do not have much capital and the minimum lots for ibfx/odl/etc is 0.1 lots which is 10k units.. i usually trade with only 3k units.. =) Added on September 11, 2008, 4:21 pm30 to become 1k is certainly very very impressive.. its considered a superb achievement =) No offense to u kevlar but ur statement does look like a certain software that buys n sells on a lagging basis.. i do not mean anything bad by that but i've seen statements like that and their accounts get shut down by their brokers because the use of such software is deemed illegal.. the usual signs = maximum loss of -1 pip.. On another note. if it really is due to ur own personal skill i really respect u because that is certainly a very very good achievement to be able to make 3000% ROI in 3 days. Good luck in ur future forex trading =) |
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Sep 11 2008, 05:04 PM
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Senior Member
998 posts Joined: Jul 2005
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QUOTE(dreamZz @ Sep 11 2008, 04:53 PM) hi kelvin... ibfx minimum lot's is 0.01(which are 1k) not 0.1... how much is the minimum amount to start an account in oanda? is it meet CTCF requiremnt? i think mr kevler broker is fx open and the minimum ammount for standard account is only $25 =.= jst curious, did kevler open a mini or a standard account? |
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Sep 11 2008, 05:25 PM
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Senior Member
4,030 posts Joined: Apr 2008
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UJ and EJ, very good choice.
That two pairs got you lots of pips. Down trend all the way! Massive deleveraging. |
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Sep 11 2008, 05:42 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@dreamzz yes oanda meets cftc requirements and is a member of the NFA.. further details please check www.oanda.com
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Sep 11 2008, 06:08 PM
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Junior Member
103 posts Joined: Jul 2008
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QUOTE(billytong @ Sep 11 2008, 10:55 AM) I think the drop of euro is getting near. We have getting near to pre-subprime value. Shorting will be a little bit tighter now. I am back to scalping short while holding the swing short that is on top. agree i take the monthly chart of EU , current it reaching on a 50% retracement.however the strongest support is @ 61.8 retracement @ 1.3299. |
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Sep 11 2008, 06:26 PM
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Senior Member
3,141 posts Joined: Nov 2006
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r326196 can i c ur chart with fibo retracement on EU ?
Added on September 11, 2008, 6:37 pmso little movement 1 today >< i'm shorting USD/CHF and it barely moved.. =/ This post has been edited by kelvin_tan: Sep 11 2008, 06:37 PM |
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Sep 11 2008, 06:53 PM
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4,030 posts Joined: Apr 2008
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Any more room for EJ to continue declining?
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Sep 11 2008, 07:11 PM
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3,141 posts Joined: Nov 2006
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i thought no more forex for u for this week adam? ><
Added on September 11, 2008, 7:13 pmshorted EU at 1.39406 Added on September 11, 2008, 7:28 pmclosed at +2 pips.. too little movement for me to risk since its already at its fair value price Added on September 11, 2008, 7:37 pmshort GU 1.75517 Added on September 11, 2008, 7:42 pmclosed GU +8 pips.. Added on September 11, 2008, 7:48 pmGU spiking up like mad... >< This post has been edited by kelvin_tan: Sep 11 2008, 07:48 PM |
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Sep 11 2008, 08:00 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh 
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wow.mr. kelver jus use a few days only.can get 30USD to 1k USD.
quite envy him oredi. Hehe.  but these few days a.reli quite easy to get profit le. i also get 600 USD but its differ from demo only ma. lols.i wan to open live account but currently don hav those documents. aiyo. . .   |
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Sep 11 2008, 08:07 PM
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Junior Member
6 posts Joined: Jul 2008 From: Lubok Petai
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QUOTE(billytong @ Sep 11 2008, 10:55 AM) I think the drop of euro is getting near. We have getting near to pre-subprime value. Shorting will be a little bit tighter now. I am back to scalping short while holding the swing short that is on top. i miss & love the scalping sifu... |
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Sep 11 2008, 08:12 PM
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Senior Member
3,141 posts Joined: Nov 2006
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heh victor.. no rush in opening a live account.. when first time trading on live account.. the mentality is totally different T_T my first ,.. i think 5 trades were VERY profitable but because of the weak mentality i traded extremely little units..
just closed GU for a further 23 pips |
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Sep 11 2008, 08:15 PM
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103 posts Joined: Jul 2008
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QUOTE(kelvin_tan @ Sep 11 2008, 06:26 PM) r326196 can i c ur chart with fibo retracement on EU ? it very easy just go to the monthly chart, draw the fib level 01/11/2005 ( low ) to high point 1/4/2008. Added on September 11, 2008, 6:37 pmso little movement 1 today >< i'm shorting USD/CHF and it barely moved.. =/ 1) @ 50% , it resistance (1/12/2004) ----- > turn support ( last candle ). 2) @ 61% , you see a lot of support candle holding this level anyway it better hear from his trader www.win-at-trading.com/fx-analysis-9-7.html This post has been edited by r326196: Sep 11 2008, 08:22 PM |
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Sep 11 2008, 08:16 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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QUOTE(LMLJ @ Sep 11 2008, 08:07 PM) i miss & love the scalping sifu... i also miss scalping method.... hu hu@kevler.. hu hu... u r the man .... quit envy with u lo... nevermind i try to make 3001% in few days hu hu hu..  where is MPHPOPULAR.... Added on September 11, 2008, 8:19 pm QUOTE(dreamZz @ Sep 11 2008, 04:47 PM) u start trade with 32 dolar??? juz curious that 32 dolar can open an account...u r using which broker account? lot of broker offering opening acc. with minimum 1usd...  This post has been edited by jebonen: Sep 11 2008, 08:19 PM |
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Sep 11 2008, 08:20 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol.. kevler made more then 3000% la >< u count 3000% is only 900
.. he made 3334% ROI yea where's mphpopular? >< |
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Sep 11 2008, 08:26 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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QUOTE(kelvin_tan @ Sep 11 2008, 08:20 PM) lol.. kevler made more then 3000% la >< u count 3000% is only 900 ya lor.. more than 3000%.... kevler also using fxopen for trading... .. he made 3334% ROI yea where's mphpopular? >< miss all the broker... no time to trade already... mmuaaaa #US: Continuing claims in 5 minutes |
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Sep 11 2008, 08:27 PM
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Senior Member
3,141 posts Joined: Nov 2006
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actually y is US bullish against nearly all the major currencies except JPY ?
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Sep 11 2008, 08:29 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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coz jpy not follow US rules..ha ha ha.... i dont know la..he he
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Sep 11 2008, 08:32 PM
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Senior Member
3,141 posts Joined: Nov 2006
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swt... GU is really .. unpredictable tonight.. passing the daily pivot like hot knife through butter
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Sep 11 2008, 08:45 PM
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3,158 posts Joined: Dec 2006
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USD news red...are we going to see GBP at 1.70???
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Sep 11 2008, 08:54 PM
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3,141 posts Joined: Nov 2006
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GU? i thought its already above 1.70 ><
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Sep 11 2008, 08:58 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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QUOTE(kelvin_tan @ Sep 11 2008, 08:54 PM) GU? i thought its already above 1.70 >< from my 2minutes opinion & zero knowledge GU will make 2nd top following tomorrow is friday probably 1.79~1.8 hu hu..... bye all terawikh la... This post has been edited by jebonen: Sep 11 2008, 08:58 PM |
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Sep 11 2008, 09:00 PM
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Senior Member
3,141 posts Joined: Nov 2006
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haha lets wait and see =)
Added on September 11, 2008, 9:03 pmwalao EJ is still going down.. >< i thought it should be stopping sometime soon This post has been edited by kelvin_tan: Sep 11 2008, 09:03 PM |
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Sep 11 2008, 09:07 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Shorted EJ @ 148.57. Holding this position open
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Sep 11 2008, 09:07 PM
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Senior Member
1,646 posts Joined: Jun 2007
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got out just in time for EU..phew..Wall Street opening soon, break time again
tomorrow is the last trading day of the week. if going long with USD (i.e. short EU), be careful. today already entered the 1.38xx region This post has been edited by small-jeff: Sep 11 2008, 09:10 PM |
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Sep 11 2008, 09:13 PM
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3,158 posts Joined: Dec 2006
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aiyakk.....wrong post...it should be "are we going to see GBP at 170.00???"..
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Sep 11 2008, 09:15 PM
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3,141 posts Joined: Nov 2006
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Adam nice shorting on EJ.. was uncertain so didn't short ><
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Sep 11 2008, 09:21 PM
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103 posts Joined: Jul 2008
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hi kelvin, i hope u didnt miss my reply b cos i edited my reply
www.win-at-trading.com/fx-analysis-9-7.html |
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Sep 11 2008, 09:26 PM
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4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 11 2008, 06:15 AM) Adam nice shorting on EJ.. was uncertain so didn't short >< Thanks, now i wonder if i should leave this position open since i want to go bed badly |
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Sep 11 2008, 09:38 PM
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3,141 posts Joined: Nov 2006
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hahah just cash out la..being greedy is the main killer of forex
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Sep 11 2008, 09:41 PM
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3,158 posts Joined: Dec 2006
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dont try this at forex....
Attached thumbnail(s) 
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Sep 11 2008, 09:41 PM
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3,141 posts Joined: Nov 2006
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its unable to pierce the daily pivots low.. hmmm
Added on September 11, 2008, 9:43 pmlol normeck.. >< always put stop loss ma .. pity..u would have been a lot richer This post has been edited by kelvin_tan: Sep 11 2008, 09:43 PM |
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Sep 11 2008, 09:48 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 11 2008, 06:38 AM) hahah just cash out la..being greedy is the main killer of forex  I will stay awake for 2 more hrs.QUOTE(normeck @ Sep 11 2008, 06:41 AM) dont try this at forex.... You are one crazy guy....  |
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Sep 11 2008, 09:53 PM
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Junior Member
103 posts Joined: Jul 2008
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QUOTE(AdamG1981 @ Sep 11 2008, 09:48 PM) I will stay awake for 2 more hrs.You are one crazy guy.... |
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Sep 11 2008, 09:54 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(AdamG1981 @ Sep 11 2008, 09:48 PM) I will stay awake for 2 more hrs. |
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Sep 11 2008, 09:56 PM
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Junior Member
103 posts Joined: Jul 2008
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me waiting to short the EU , on 15min chart ABC patten has form and it already broke the support trendline.waiting for it to test the resistance level before shorting
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Sep 11 2008, 10:00 PM
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Senior Member
3,141 posts Joined: Nov 2006
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wah still shorting on EU ><
@adam good thing u didn't cash.it went down even lower.. >< |
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Sep 11 2008, 10:01 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Yah, coz Trichet going to talk later.
Thanks for the tips guys. |
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Sep 11 2008, 10:02 PM
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Junior Member
325 posts Joined: Sep 2005 From: Putrajaya
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QUOTE(normeck @ Sep 11 2008, 09:41 PM) dont try this at forex.... huhuh, u have large sum of open position there. imo, it's not good unless u r long term trader |
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Sep 11 2008, 10:11 PM
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Junior Member
103 posts Joined: Jul 2008
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QUOTE(kelvin_tan @ Sep 11 2008, 10:00 PM) wah still shorting on EU >< @adam good thing u didn't cash.it went down even lower.. >< not going for big profit. looking for abt 20pip target |
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Sep 11 2008, 10:21 PM
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4,081 posts Joined: Aug 2005 
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QUOTE(normeck @ Sep 11 2008, 09:41 PM) dont try this at forex.... u r better than me..lol i've cut loss d... all losses amountin to nearly 50% of my capital    biggest losses i ever had... like usual... i never learn... how?? mayb im not a good trader.. T.T 1. overtrade 2.gamblin huge lots 3.wanted to see result in instance |
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Sep 11 2008, 10:35 PM
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Junior Member
103 posts Joined: Jul 2008
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QUOTE(r326196 @ Sep 11 2008, 10:11 PM) not going for big profit. looking for abt 20pip target short EU NO @ 13922 SL 13939Added on September 11, 2008, 10:36 pm QUOTE(r326196 @ Sep 11 2008, 10:35 PM) short EU @ 13922 SL 13939 ,, saw a negative divergence kana stop out.This post has been edited by r326196: Sep 11 2008, 11:43 PM |
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Sep 11 2008, 10:59 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(low yat 82 @ Sep 11 2008, 10:21 PM) u r better than me..lol i've cut loss d... all losses amountin to nearly 50% of my capital biggest losses i ever had... like usual... i never learn... how?? mayb im not a good trader.. T.T 1. overtrade 2.gamblin huge lots 3.wanted to see result in instance do a siggy like mine to remind myself everytime before i trade |
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Sep 11 2008, 11:48 PM
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Senior Member
3,158 posts Joined: Dec 2006
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stop lost is a must la lowyat....that was bad example from me...
This post has been edited by normeck: Sep 11 2008, 11:48 PM |
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Sep 12 2008, 12:19 AM
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4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Sep 11 2008, 11:48 PM) stop lost is a must la lowyat....that was bad example from me... huhuh....btw, look at my sig... hope it will help me.. |
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Sep 12 2008, 12:19 AM
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Junior Member
103 posts Joined: Jul 2008
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normeck have you trade mini first before you trade std lot .
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Sep 12 2008, 12:22 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(r326196 @ Sep 12 2008, 12:19 AM) normeck have you trade mini first before you trade std lot . its micro acc laa |
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Sep 12 2008, 12:39 AM
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Junior Member
103 posts Joined: Jul 2008
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big loss , i hope his post is a demo acct only .
previously i also trade quite harzard manner. this is a traing program recommended by other trader which i feel is quite good esp if you are new in trading . http://www.win-at-trading.com |
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Sep 12 2008, 01:09 AM
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Senior Member
3,141 posts Joined: Nov 2006
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normeck account is a live account ><
Added on September 12, 2008, 1:12 amheh i came back to find my EJ took profit ^^ but the bad side is i was "testing" so i bought only 500 units T_T profit USD2.50.. but still better then nothing This post has been edited by kelvin_tan: Sep 12 2008, 01:12 AM |
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Sep 12 2008, 05:20 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Closed my short on EJ @ 147.75. Bagged in some pips but missed out on the run up of EJ.
DAMN!! |
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Sep 12 2008, 08:52 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(normeck @ Sep 11 2008, 11:48 PM) stop lost is a must la lowyat....that was bad example from me... Actually there is a way to trade without SL.Just take 2 opposite trade immediately if u find urself last position wrong. use those 2 opposite position to wash out all the -ve on previous position then u end up Breakeven or have some profit. Another way is to take a bigger position on the same side at market retrace to wash the -ve out. It is the same example of a guy with a leg that is badly injured, instead of cutting(cut losses) the leg to prevent more bleeding, try to take measures to cure the bleeding. That way u can be back to where u started. |
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Sep 12 2008, 08:54 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Today's trade:
B200825600UXD00 Sell EUR/JPY EUR 50000 150.159 SP 12/9/2008 8:32:58 AM B200825600V4C00 Buy EUR/JPY EUR 50000 149.903 SP 12/9/2008 8:43:05 AM B200825600V4Z00 Buy EUR/JPY EUR 50000 149.797 SP 12/9/2008 8:43:32 AM B200825600V5D00 Sell EUR/JPY EUR 50000 149.863 SP 12/9/2008 8:44:16 AM |
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Sep 12 2008, 09:04 AM
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Senior Member
3,141 posts Joined: Nov 2006
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wow adam u sure wake up early
EJ rebounded last night.. but unable to pierce the 150.679 daily pivot =/ |
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Sep 12 2008, 09:21 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 11 2008, 06:04 PM) wow adam u sure wake up early Early bird catches the worm! EJ rebounded last night.. but unable to pierce the 150.679 daily pivot =/ |
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Sep 12 2008, 11:42 AM
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Senior Member
4,081 posts Joined: Aug 2005
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adam is full time trader ma...huhuhu
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Sep 12 2008, 01:17 PM
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Senior Member
998 posts Joined: Jul 2005
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u guys use local broker or foreign broker to trade ar?
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Sep 12 2008, 01:55 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE u guys use local broker or foreign broker to trade ar? got local broker meh?? btw, any1 can help me valid d countin? it looks temptin as its a busted triangles pattern... editeed: add pic 
This post has been edited by low yat 82: Sep 12 2008, 01:59 PM |
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Sep 12 2008, 03:03 PM
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Senior Member
3,141 posts Joined: Nov 2006
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dont think there will be a 5th wave.. US news came out negative.. for .. forgot what ><
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Sep 12 2008, 03:08 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kelvin_tan @ Sep 12 2008, 03:03 PM) dont think there will be a 5th wave.. US news came out negative.. for .. forgot what >< ya meh? it looks ok to me... i even close 1 of my position too early.. >.<"its now 1st wave of extention wave 5 |
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Sep 12 2008, 03:09 PM
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Senior Member
3,141 posts Joined: Nov 2006
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Short GU at 1.76792.. counting pips
Added on September 12, 2008, 3:11 pmjust now internet lag and my order wasn't placed..if not i'll be losing now >< streamyx sux.. but at sometimes u thank it lolAdded on September 12, 2008, 3:13 pmany1 thinks EJ will continue dropping ? This post has been edited by kelvin_tan: Sep 12 2008, 03:13 PM |
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Sep 12 2008, 03:17 PM
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Senior Member
4,081 posts Joined: Aug 2005
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im pretty confident wit this 1 as it got busted triangles pattern(wave 4).
now is to try catch d leg of 2nd wave of extention wave 5 ^.^ |
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Sep 12 2008, 03:22 PM
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Senior Member
998 posts Joined: Jul 2005
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QUOTE(low yat 82 @ Sep 12 2008, 01:55 PM) got local broker meh?? hmm, i heard OSK has their own platform or somethign? btw, any1 can help me valid d countin? it looks temptin as its a busted triangles pattern... editeed: add pic
correct me if im wrong thx |
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Sep 12 2008, 03:26 PM
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Senior Member
3,141 posts Joined: Nov 2006
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osk has forex? thats something new to me..
and for some reason my connection is like shit T_T hopefully i wont bust this trade |
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Sep 12 2008, 03:28 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(Gravity @ Sep 12 2008, 03:22 PM) hmm, i heard OSK has their own platform or somethign? where got... their own platform is for klse 1 lar... dunno for now la. last time didnt got for forex leh.. correct me if im wrong thx Added on September 12, 2008, 3:29 pm QUOTE(kelvin_tan @ Sep 12 2008, 03:26 PM) osk has forex? thats something new to me.. save ur platform inside pendrive, n prepare to go cc if sh!ts happen and for some reason my connection is like shit T_T hopefully i wont bust this trade This post has been edited by low yat 82: Sep 12 2008, 03:29 PM |
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Sep 12 2008, 03:36 PM
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Senior Member
3,141 posts Joined: Nov 2006
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LOL... i already closed position at +12 pips.. i'm not risking it in this shitty connection.. i screwed streamyx over n over already... whats wrong with them? =/ i'm now accepting suggestions on which provider is good .. maxis/umobile bla bla bla.. someone please tell me.. the money lost in forex would be nothing compared to the stupid monthly bill of internet..
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Sep 12 2008, 03:38 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kelvin_tan @ Sep 12 2008, 03:36 PM) LOL... i already closed position at +12 pips.. i'm not risking it in this shitty connection.. i screwed streamyx over n over already... whats wrong with them? =/ i'm now accepting suggestions on which provider is good .. maxis/umobile bla bla bla.. someone please tell me.. the money lost in forex would be nothing compared to the stupid monthly bill of internet.. at least ur's r wired connection.. i use wireless.. algi teruk leh.. T.T dats y b4 i scalp, i'll make sure dat day internet connection stablehuhuh.. u mobile n ezzi can throw away la |
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Sep 12 2008, 03:42 PM
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3,141 posts Joined: Nov 2006
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lol... i'm wireless also la >< wireless or not the connection still sucks.. haih T_T i'm quite afraid to continue today anymore ><
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Sep 12 2008, 03:45 PM
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Senior Member
998 posts Joined: Jul 2005
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icic, then i guess im wrong... so any recommendation for broker?
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Sep 12 2008, 03:46 PM
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Senior Member
4,030 posts Joined: Apr 2008
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EJ shows signs of turnaround. I got burnt just now. Seems like its going to up a bit. I would wait till 5 pm after the print is released.
This post has been edited by AdamG1981: Sep 12 2008, 03:47 PM |
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Sep 12 2008, 04:00 PM
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Senior Member
2,214 posts Joined: Oct 2007
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@jebonen
Hi, juz back. Sorry, Guess I miss the chance to have a mamak with you. Coz my uncle juz pass away, so I need go back kampung. @lowyat Dont overtrades, this is the best key point. I wish you lucks, we all still making effort together. @kevler That was a really nice statement. Congrats. @normeck I'll posted up my GJ analysis in a minute later. So have a look, I not sure how're you going to settle the -ve pips. But wish you alot of lucks. |
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Sep 12 2008, 04:09 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EU
This post has been edited by mphpopular: Sep 12 2008, 04:14 PM Attached thumbnail(s) 
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Sep 12 2008, 04:17 PM
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Senior Member
2,214 posts Joined: Oct 2007
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GJ
Where will it be heading now? Attached thumbnail(s) 
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Sep 12 2008, 04:21 PM
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Senior Member
3,141 posts Joined: Nov 2006
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GU recovering ? keeps going up ><
Added on September 12, 2008, 4:26 pmEJ unable to pierce R1 of the daily pivot.. Added on September 12, 2008, 4:33 pmShort GU 1.77186 Added on September 12, 2008, 4:33 pmkeep a close watch on EJ guys.. it is unable to pierce the R1 on daily pivot for some time already.. time to make a move? ^^ add to that... the RSI is showing overbought This post has been edited by kelvin_tan: Sep 12 2008, 04:36 PM |
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Sep 12 2008, 04:52 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(mphpopular @ Sep 12 2008, 04:17 PM) GJ i'm still waiting for GJ to go for bearish movement ... but need to wait and hold ..huhuWhere will it be heading now? |
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Sep 12 2008, 05:09 PM
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Senior Member
3,141 posts Joined: Nov 2006
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haha kevlar GJ player.. very volatile.. EJ is about the same y not play EJ? the pip spread much lower.. heh
EJ closed at +5pips GU closed at +4pips |
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Sep 12 2008, 05:12 PM
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Senior Member
4,030 posts Joined: Apr 2008
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I won't want to short EU, EJ, or GJ for that matter. Saw all three charts showing signs of reversal.
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Sep 12 2008, 05:13 PM
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Senior Member
3,141 posts Joined: Nov 2006
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I read the news they say be prepared for a lower euro from now till the end of the year.. shorting still possible? source from bloomberg
Added on September 12, 2008, 5:26 pmtonight will be one crazy night for anyone touching USD ... 8.30 - 10 pm got 7 news on USD with 4 high impact 2 medium and 1 low.. Added on September 12, 2008, 5:38 pm@adam.. sorry as i'm still new and i wish to learn more.. how do u identify signs of reversal? This post has been edited by kelvin_tan: Sep 12 2008, 05:38 PM |
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Sep 12 2008, 05:52 PM
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Junior Member
103 posts Joined: Jul 2008
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QUOTE(AdamG1981 @ Sep 12 2008, 05:12 PM) I won't want to short EU, EJ, or GJ for that matter. Saw all three charts showing signs of reversal. frm the monthly chart , i still think EU will still go lower. if you take the lowest swing low to highest swing high. EU already broken the 23.6% retracement. the first support will be @ 13664 , i see a resistance turn support at that level |
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Sep 12 2008, 06:10 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Sep 12 2008, 04:52 PM) i'm still waiting for GJ to go for bearish movement ... but need to wait and hold ..huhu sifu, help me see my countin correct or not ^.^ |
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Sep 12 2008, 06:58 PM
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Senior Member
3,141 posts Joined: Nov 2006
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what counting lowyat82?
GU will continue to go up or down? =/ hmmm |
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Sep 12 2008, 07:58 PM
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Senior Member
2,214 posts Joined: Oct 2007
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For EJ and EU only:-
1) The EJ chart I posted is outdated already. But if you open up your chart and see, you'll see the price already reach the Fibo 161.8 there, another posible of resistance 2) EU facing the trendline resistance. There's the reason I didn't want to take any short on Eur now coz both EU and EJ having resistance. Wait for EU to break the trendline to form the bump and run formation, or bounce back by the trendline. Attached thumbnail(s) 
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Sep 12 2008, 08:11 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(r326196 @ Sep 12 2008, 05:52 PM) frm the monthly chart , i still think EU will still go lower. if you take the lowest swing low to highest swing high. EU already broken the 23.6% retracement. the first support will be @ 13664 , i see a resistance turn support at that level I am heavy short on EU, thanks to this rise up, but probably Caution and pull the trigger if the bull confirm. |
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Sep 12 2008, 08:28 PM
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Junior Member
103 posts Joined: Jul 2008
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QUOTE(billytong @ Sep 12 2008, 08:11 PM) I am heavy short on EU, thanks to this rise up, but probably Caution and pull the trigger if the bull confirm. at what level you short,i have not see my trigger point yet. what time frame you trading. i am on hourlyi find that USDJPY is a safer short option b cos it hit 61% retracement level This post has been edited by r326196: Sep 12 2008, 08:49 PM |
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Sep 12 2008, 09:08 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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4109,4102 as of now, I hope I wont pull my trigger if the bull is confirm.
Time frame, Daily, 60min, 30min, 15min, 5min, 1min. I look everything b4 I enter my trade. This post has been edited by billytong: Sep 12 2008, 09:13 PM |
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Sep 12 2008, 09:17 PM
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Junior Member
103 posts Joined: Jul 2008
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i shorted USDJPY 106.94 will exit at 10670 hit.closed
This post has been edited by r326196: Sep 12 2008, 09:32 PM |
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Sep 12 2008, 09:21 PM
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Senior Member
1,646 posts Joined: Jun 2007
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careful on shorting in EU...the bear may have ended
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Sep 12 2008, 10:06 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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I am closing my shorts today for minor profit on the break of 4100 just now, i dont quite like the price action. There is little sigh of strong bear.
This post has been edited by billytong: Sep 12 2008, 10:08 PM |
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Sep 12 2008, 10:08 PM
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Senior Member
4,081 posts Joined: Aug 2005
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huhu...come bc from goin outside..
guess my countin is wrong.. but y?? all total losses amountin to 52%... lol i need a break.. T.T |
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Sep 12 2008, 10:15 PM
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Junior Member
103 posts Joined: Jul 2008
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QUOTE(billytong @ Sep 12 2008, 10:06 PM) I am closing my shorts today for minor profit on the break of 4100 just now, i dont quite like the price action. There is little sigh of strong bear. agree price action is stalling. by the way it have not break the support trendline.c |
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Sep 12 2008, 11:05 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Still holding my GJ LONG since 189.92.
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Sep 12 2008, 11:07 PM
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Senior Member
3,158 posts Joined: Dec 2006
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thats mean ur have 200 pips...huhuh!!....
This post has been edited by normeck: Sep 12 2008, 11:07 PM |
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Sep 12 2008, 11:08 PM
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Senior Member
2,214 posts Joined: Oct 2007
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+203 pips now. But forgot to tell u something.. That day Monday GJ loss 200+ pips (total of 2lots)
Added on September 12, 2008, 11:13 pmAnd one more thing to add-on. GJ have recover the volatility, nowaday the GJ is much easier to trade compared to 3 months ago.... Like the GJ movement now. This post has been edited by mphpopular: Sep 12 2008, 11:13 PM |
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Sep 12 2008, 11:16 PM
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Senior Member
3,158 posts Joined: Dec 2006
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just closed 400 pip...now move PO to 191.xx.. /gg
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Sep 12 2008, 11:18 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Means closed your floating???
Added on September 12, 2008, 11:22 pmAnyone wish to explain abit why all the pair juz up like this. I've no idea at all. This post has been edited by mphpopular: Sep 12 2008, 11:22 PM |
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Sep 12 2008, 11:23 PM
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Senior Member
3,158 posts Joined: Dec 2006
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closed my hedging....PO still on to continue hedging...
Added on September 12, 2008, 11:24 pmmaybe bull trap?? This post has been edited by normeck: Sep 12 2008, 11:24 PM |
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Sep 13 2008, 01:38 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@mphpopular..
most of the high impact news on USD tonight turned out worst then expected.. 3 high impact worst then expected one better then expected |
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Sep 13 2008, 02:05 AM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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@mphpopular
nevermind... maybe next time we can yamcha at melaka, if u balik kampung lo.. @kelvin_tan all bounce as my 'sengal' prediction yesterday.... hu hu... nice weekend all |
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Sep 13 2008, 04:32 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Not a bull trap, the Fed funds futures is pricing in a 0.25% cut this coming 16. And the Lehman issue is causing more mess. Personally i think it will continue to go up. Just take a look a the weekly bar candle. Shows you a big reversal clue.
Just my 2 cents. This post has been edited by AdamG1981: Sep 13 2008, 05:13 AM |
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Sep 13 2008, 05:42 AM
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Senior Member
2,214 posts Joined: Oct 2007
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@jebonen
Yeah, sure still have next time to yamcha together. Still on hold with my GJ LONG since 189.92, leave it over the weekend to makan some swap... SL at 192.64 This post has been edited by mphpopular: Sep 13 2008, 05:43 AM |
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Sep 13 2008, 05:47 AM
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Senior Member
3,158 posts Joined: Dec 2006
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SL +ve?...thats good...i hope it can reach 203.XX...then i will be happy again...
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Sep 13 2008, 05:51 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Yeah, I setting up a tight SL to see what happen in GJ. At least to secure up my profit. On GJ, if based on weekly chart, it is not a good entry to take for a LONG based on risk reward ratio, or based on technical.
Will post up chart during weekend to explain further. Now wanna kill all mosquito in my room. Keep biting me and make me cant sleep whole night. Tak tahan. |
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Sep 13 2008, 06:00 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(mphpopular @ Sep 12 2008, 02:51 PM) Yeah, I setting up a tight SL to see what happen in GJ. At least to secure up my profit. On GJ, if based on weekly chart, it is not a good entry to take for a LONG based on risk reward ratio, or based on technical. MPH, are you sure? I see a hammer @ the weekly chart. I think it's more likely a reversal, might even hit the 200 ema, 213 or 50 ema 205Will post up chart during weekend to explain further. Now wanna kill all mosquito in my room. Keep biting me and make me cant sleep whole night. Tak tahan. This post has been edited by AdamG1981: Sep 13 2008, 06:31 AM |
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Sep 13 2008, 06:01 AM
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Senior Member
2,214 posts Joined: Oct 2007
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This is an DOJI or an HAMMER?
No matter what is it? Next week will be a interesting week for GU, if it form a formation like below, guess it is a good point to go again. Attached thumbnail(s) 
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Sep 13 2008, 06:03 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(mphpopular @ Sep 12 2008, 03:01 PM) This is an DOJI or an HAMMER? MPH, that's a hammer. If Lehman get's bailed out, financial market will rally again and yen will again depreciate due to more market participants engaging in more risky investments.No matter what is it? Next week will be a interesting week for GU, if it form a formation like below, guess it is a good point to go again. |
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Sep 13 2008, 06:09 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Got your point. Will do some homework over the weekend to see the picture clearer.
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Sep 13 2008, 07:05 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Many traders thought the ECB and BoE will cut rates first but its increasingly likely that U.S will cut first since PPI and CPI have cooled down tremendously. The US economic down risk is now more significant than inflation fears. When US feds meet on the 16th, i will believe that their wordings will change, indicating they will cut rates sooner rather than later.
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Sep 13 2008, 07:26 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(AdamG1981 @ Sep 13 2008, 07:05 AM) Many traders thought the ECB and BoE will cut rates first but its increasingly likely that U.S will cut first since PPI and CPI have cooled down tremendously. The US economic down risk is now more significant than inflation fears. When US feds meet on the 16th, i will believe that their wordings will change, indicating they will cut rates sooner rather than later. things have changed now, first ECB is assured that they will not be cutting rates this year. Then with the US red data like this, there is a possibility that US gonna run into another round of rate cut which could send euro back to 1.5. I wont be surprise that Next Monday morning open we have a Price gaping like this Monday.This post has been edited by billytong: Sep 13 2008, 07:27 AM |
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Sep 13 2008, 08:31 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Sep 12 2008, 04:26 PM) things have changed now, first ECB is assured that they will not be cutting rates this year. Then with the US red data like this, there is a possibility that US gonna run into another round of rate cut which could send euro back to 1.5. I wont be surprise that Next Monday morning open we have a Price gaping like this Monday. You are indeed right Billy. Obviously the status quo has changed. And now the shorts are targeting Merril Lynch to be the next Lehman. |
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Sep 13 2008, 08:43 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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I am looking a Eu Dip on this rise to pull out my high short I held for weeks for some big profit. It is time to take this money then letting it to go vanish.
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Sep 13 2008, 09:01 AM
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Newbie
2 posts Joined: Sep 2008
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my forex trading system, minimum one order can get 20pips... minimum..
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Sep 13 2008, 09:39 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Sep 12 2008, 05:43 PM) I am looking a Eu Dip on this rise to pull out my high short I held for weeks for some big profit. It is time to take this money then letting it to go vanish. Yup, money is money; no matter how big or small. Better run before a massive short covering from non retail. |
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Sep 13 2008, 10:21 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(billytong @ Sep 13 2008, 08:43 AM) I am looking a Eu Dip on this rise to pull out my high short I held for weeks for some big profit. It is time to take this money then letting it to go vanish. hm..monday morning might just see a small gap opening higher following with a temporary down move during the early market hour. maybe can exit there... |
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Sep 13 2008, 11:26 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(small-jeff @ Sep 12 2008, 07:21 PM) hm..monday morning might just see a small gap opening higher following with a temporary down move during the early market hour. maybe can exit there... Yeah, we might see a gap up GU, EU, EJ, GJ. Hopefully. |
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Sep 13 2008, 12:54 PM
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Junior Member
16 posts Joined: Sep 2006
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QUOTE(kelvin_tan @ Sep 11 2008, 05:42 PM) @dreamzz yes oanda meets cftc requirements and is a member of the NFA.. further details please check www.oanda.com Hi Kelvin, last time u told me..u using oanda...and i noted oanda do not provide analysis tool like bollinger band, MACD, trendline... am i right? |
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Sep 13 2008, 03:56 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@dreamzz
they do... bollinger band, macd, trendline all those got.. in terms of analysis tools, oanda falls behind meta trader4 platform but in terms of tight spreads, oanda is tighter. Do try out the demo account to c if it fits u Added on September 13, 2008, 4:03 pm@forexlife If u claim ur system can get minimum 20 pips then u would be rich by now. In forex there is no such thing as a correct system. Please dont give misleading thoughts to others regarding ur so called "godly" system. Added on September 13, 2008, 5:04 pm@mphpopular hei.. mind explaining to me whats a hammer n a doji? i read about it somewhere and i forgot what they both signifies.. thanks This post has been edited by kelvin_tan: Sep 13 2008, 05:04 PM |
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Sep 13 2008, 05:20 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(kelvin_tan @ Sep 13 2008, 03:56 PM) Added on September 13, 2008, 5:04 pm@mphpopular hei.. mind explaining to me whats a hammer n a doji? i read about it somewhere and i forgot what they both signifies.. thanks I think this is the suitable site to give you more info on candlestick. |
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Sep 13 2008, 08:17 PM
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Senior Member
3,141 posts Joined: Nov 2006
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thanks a lot =) heh
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Sep 13 2008, 11:10 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Here's the one trillion dollar question:
Who's economy is declining more rapidly? U.S, Euro Zone, UK or Japan? |
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Sep 14 2008, 10:37 AM
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Senior Member
3,141 posts Joined: Nov 2006
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after hurriacane Ike, i think US ><
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Sep 14 2008, 11:32 AM
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Junior Member
16 posts Joined: Sep 2006
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QUOTE(kelvin_tan @ Sep 13 2008, 03:56 PM) @dreamzz Hi kelvin...do u know where to find it in oanda application? i can't find an option for me to click for showing the bollinger band or pivot chart..where to click it ar? 10s in advthey do... bollinger band, macd, trendline all those got.. in terms of analysis tools, oanda falls behind meta trader4 platform but in terms of tight spreads, oanda is tighter. Do try out the demo account to c if it fits u |
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Sep 14 2008, 11:37 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@dreamzz
u c the bottom of the application.. there is a button called add study... everything is there =) i'll upload a screenshot for u soon.. Edit Here's the screenshot [attachmentid=592166] This post has been edited by kelvin_tan: Sep 14 2008, 11:45 AM Attached thumbnail(s) 
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Sep 14 2008, 12:22 PM
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Junior Member
16 posts Joined: Sep 2006
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QUOTE(kelvin_tan @ Sep 14 2008, 11:37 AM) @dreamzz Finally i got it...Thank's alot kelvin..u info is highly appreciated.. u c the bottom of the application.. there is a button called add study... everything is there =) i'll upload a screenshot for u soon.. Edit Here's the screenshot [attachmentid=592166] |
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Sep 14 2008, 01:28 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@dreamzz
no problem and happy pipping =) it does take some time to get used to the oanda platform.. @others What time does trading resume? This post has been edited by kelvin_tan: Sep 14 2008, 01:32 PM |
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Sep 14 2008, 01:41 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Monday morning 5 or 6am MYR. DIfferent broker got different open time
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Sep 14 2008, 02:58 PM
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Senior Member
3,141 posts Joined: Nov 2006
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thanks..will be hunting it tonight
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Sep 14 2008, 11:34 PM
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Senior Member
3,158 posts Joined: Dec 2006
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gap will happen tomorrow for GJ?
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Sep 14 2008, 11:52 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i'm aiming for the USD as tomorrow they gonna announce the fate of lehman holdings.. =)
actually normeck.. y dun u aim for EJ instead of GJ? the spreads in EJ is lower and it is just as volatile.. |
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Sep 15 2008, 12:08 AM
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Senior Member
1,646 posts Joined: Jun 2007
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hm...the fate of Lehman wouldnt really change the direction of the current trend, nor is it the factor of the turning point. Lehman is down, that's already a fact, and that the credit crunch is not a new story. Now, it's back towards micro and macroeconomics
... The unexpected low retails tells another story of the US economy. With lower PPI and lowering commodity prices, the next thing to note on is the export data and manufacturing index. And ofcourse, the Fed will announce the new rate. Inflation vs Growth, which will they pick? (Personally, i prefer growth ) |
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Sep 15 2008, 02:38 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Actually normeck did answer the question a couple of times, normeck love the volatility of the GJ instead of EJ, it apply the same with me, the GJ can make a move of 200 pips in juz a half hour. It is more volatile, but for sure, you bear the bigger risk.
So trade at your own risk. And for my own, I prefer to trade GJ instead of EJ bcoz I found that GJ more easier to trade with. Hehe |
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Sep 15 2008, 06:17 AM
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Senior Member
4,030 posts Joined: Apr 2008
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I am going to stop loss on my EJ.. waiting for my brokerage to open up.
Lehman can go kiss my yellow a$$. Added on September 15, 2008, 6:25 amhttp://www.cnbc.com/id/26706447/for/cnbc/ This means bankcruptcy for Lehman. It's only pending announcment. This post has been edited by AdamG1981: Sep 15 2008, 06:25 AM |
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Sep 15 2008, 08:57 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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Exit my Shorts with RM12K profit on the dip to 4310 just now. The USD gonna get kill with the cuts, if FED cut we will see 1.45, if someone buying Lehman than we might see the return of bear.
This post has been edited by billytong: Sep 15 2008, 08:58 AM |
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Sep 15 2008, 08:58 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(billytong @ Sep 15 2008, 08:57 AM) Exit my Shorts with RM12K profit on the dip to 4310 just now. perghh...nice trade bro ...congrats |
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Sep 15 2008, 09:37 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@small-jeff
yes i agree that it doesn't change the trend overall but it does affect.. as i dont leave my trades open for more than a day (usually 1-2 hours).. that small effect is indeed my source of earning.. here's a link to the news.. http://www.bloomberg.com/apps/news?pid=206...IkJ4&refer=home |
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Sep 15 2008, 09:42 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Lehmann is dead. Merrill got lucky. Either way, it's not a good sign for the dollar if every financial stocks in the US is having a problem.
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Sep 15 2008, 09:53 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(kelvin_tan @ Sep 15 2008, 09:37 AM) @small-jeff Thats the whole idea why I look for a dip and take out all my high level shorts. yes i agree that it doesn't change the trend overall but it does affect.. as i dont leave my trades open for more than a day (usually 1-2 hours).. that small effect is indeed my source of earning.. here's a link to the news.. http://www.bloomberg.com/apps/news?pid=206...IkJ4&refer=home We have FOMC interest rate later on Tuesday, they might now plan to cut the rates this time. But what they said from their mouth could damage the market. For example, if they say is giving anyone any sigh of cutting rates are in their mind. You could possibility think the market will buy that believes and send the USD to graveyard again. USD graveyard means Gold, Oil will be back in business. With OPEC cut the oil production, Ike etc. And it also mean the other part of the world will face inflation again. Secondly Then at the same time the Europe slow down is bad, their economy is slowed, but the last month oil has dropped considerably, which also mean all the bad things will not be as bad as expected. Bad things will be cool down. Thirdly, The lehman issue is up to the US treasury want to help them or not. From what I am told the US Treasury said they are not helping them, instead Lehman now will rely on other banks like Citigroup, JP morgan, goldman sanch etc to bail out them. If there is no one buying Lehman's Debt, a bankcruptcy from Lehman would signal that the next Bank who might face debt issue will end up bankcrupt also. If put all this things together, they are not help USD either, which also mean it is time to TP on Swing shorts. I might not be trading b4 the FOMC, Gonna take holiday for a while unless the market shows me good position to take. This post has been edited by billytong: Sep 15 2008, 09:56 AM |
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Sep 15 2008, 09:55 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Same here, skipping this week's trade.
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Sep 15 2008, 10:03 AM
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Senior Member
3,158 posts Joined: Dec 2006
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today i post some info about my trading...
still trading with caution and play with hedging.... Attached thumbnail(s) 
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Sep 15 2008, 11:37 AM
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Senior Member
3,141 posts Joined: Nov 2006
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Lets hope this is the week for u normeck =) lets hope it rebounds upward.. currently how many lots/minilots r u holding on GJ?
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Sep 15 2008, 12:13 PM
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Senior Member
3,158 posts Joined: Dec 2006
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just 2 lot only....buy 2 lot, sell 2 lot...
@billy RM12k...phewww.....nice ... |
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Sep 15 2008, 12:26 PM
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Senior Member
3,141 posts Joined: Nov 2006
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http://www.bloomberg.com/apps/news?pid=206...rheY&refer=home
looks like merril lynch is safe.. Added on September 15, 2008, 3:25 pmphew.. closed USD/CHF for +13 pips.. nearly hit my stop loss then went down >< This post has been edited by kelvin_tan: Sep 15 2008, 03:25 PM |
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Sep 15 2008, 04:59 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Today is a good day. Morning wake up and take one EG long. And closed with profit +35pips when I home.
Normeck, my GJ long that i keep laz week. That time floating at +300pips. Monday morning closed with +32pips only coz the big gap and hit my SL.. OH SHIT This post has been edited by mphpopular: Sep 15 2008, 05:00 PM |
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Sep 15 2008, 05:37 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(mphpopular @ Sep 15 2008, 04:59 PM) Today is a good day. Morning wake up and take one EG long. And closed with profit +35pips when I home. Greedy is the cause.Normeck, my GJ long that i keep laz week. That time floating at +300pips. Monday morning closed with +32pips only coz the big gap and hit my SL.. OH SHIT |
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Sep 15 2008, 05:40 PM
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Senior Member
3,141 posts Joined: Nov 2006
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got burnt by EJ T_T hit my stop lost at 40 pips
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Sep 15 2008, 07:49 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Sep 15 2008, 08:57 AM) Exit my Shorts with RM12K profit on the dip to 4310 just now. The USD gonna get kill with the cuts, if FED cut we will see 1.45, if someone buying Lehman than we might see the return of bear. may GOD shower u wit more money.. |
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Sep 15 2008, 08:21 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Waiting a good point to short GJ now. Wait and see which point the best.
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Sep 15 2008, 08:25 PM
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Senior Member
3,141 posts Joined: Nov 2006
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GJ still going lower ? any reason for it?
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Sep 15 2008, 08:26 PM
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Senior Member
4,081 posts Joined: Aug 2005
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close position d for usdcad.. 90pips.. waitin for low risk trade...
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Sep 15 2008, 08:36 PM
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Senior Member
2,214 posts Joined: Oct 2007
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I posted it out earlier. The GJ chart with EW and Fibo one.
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Sep 15 2008, 08:51 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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Wow what a mad day for EU, Lucky I didnt trade. Otherwise will either get big profit or burn.
up 220pips from Friday close, down 400pips then up 80pips again. EU becoming a GJ. |
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Sep 15 2008, 08:54 PM
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Senior Member
3,141 posts Joined: Nov 2006
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LOL... todays not a good day to trade on any currency pair..all of it is crazy..
Added on September 15, 2008, 9:00 pmactually those medium impact news on ff.. do u guys really care bout it ? This post has been edited by kelvin_tan: Sep 15 2008, 09:00 PM |
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Sep 15 2008, 09:04 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Yes. I did care about it. I wont trade during news. Even is medium impact.
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Sep 15 2008, 09:07 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kelvin_tan @ Sep 15 2008, 08:54 PM) LOL... todays not a good day to trade on any currency pair..all of it is crazy.. lol... wait d dust settle n we go in make soome small killin ^.^ |
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Sep 15 2008, 09:08 PM
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All Stars
10,123 posts Joined: Aug 2007
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Everybody getting burn today... bad news on Wall Street.. Expect blood bath on the market everywhere tomorrow.
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Sep 15 2008, 09:12 PM
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Senior Member
1,646 posts Joined: Jun 2007
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@lowyat:
wah...nice 90 pips.. traded earlier EU up move...made 20 only ....wanted long...but accidentally shorted, and missed the entry...damn stupidanyway, anyone has any idea where is the money going? US - NO NO Europe - NO Commodities - NO Today, we mourn the lost of Lehman Brothers.... |
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Sep 15 2008, 09:13 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@lowyat82
haha i'm trying to regain my losses today.. overall still profitable but today really burnt me kinda bad due to EJ being SUPER volatile in the morning to evening.. Added on September 15, 2008, 9:18 pmwaiting for entry point for EJ This post has been edited by kelvin_tan: Sep 15 2008, 09:18 PM |
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Sep 15 2008, 09:23 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Sep 15 2008, 09:12 PM) @lowyat: as we hav discuss, d final answer was asia.. i bet it wasnt to malaysia! lolwah...nice 90 pips.. traded earlier EU up move...made 20 only ....wanted long...but accidentally shorted, and missed the entry...damn stupidanyway, anyone has any idea where is the money going? US - NO NO Europe - NO Commodities - NO Today, we mourn the lost of Lehman Brothers.... QUOTE(kelvin_tan @ Sep 15 2008, 09:13 PM) @lowyat82 well, jus dun lost faith.. if u loss, dats d time u shud leave forex... haha i'm trying to regain my losses today.. overall still profitable but today really burnt me kinda bad due to EJ being SUPER volatile in the morning to evening.. |
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Sep 15 2008, 09:26 PM
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Senior Member
3,141 posts Joined: Nov 2006
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ahah yeap.. but the money i put in i dun plan to take it out unless it doubles or something =)
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Sep 15 2008, 09:27 PM
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Senior Member
2,214 posts Joined: Oct 2007
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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. |
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Sep 15 2008, 09:33 PM
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Junior Member
175 posts Joined: Mar 2007
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QUOTE(mphpopular @ Sep 15 2008, 09:04 PM) Yes. I did care about it. I wont trade during news. Even is medium impact. 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? |
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Sep 15 2008, 09:35 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Juz placed a long on GJ at 189.35. AIm for 40pips for this retracement.
Added on September 15, 2008, 9:38 pm QUOTE(puffy7 @ Sep 15 2008, 09:33 PM) 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? I 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 |
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Sep 15 2008, 09:41 PM
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Senior Member
3,141 posts Joined: Nov 2006
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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 =) |
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Sep 15 2008, 09:42 PM
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Senior Member
2,214 posts Joined: Oct 2007
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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. |
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Sep 15 2008, 09:44 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@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 |
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Sep 15 2008, 09:52 PM
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Senior Member
2,214 posts Joined: Oct 2007
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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.
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 |
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Sep 15 2008, 10:12 PM
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Senior Member
3,141 posts Joined: Nov 2006
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EU going up
i nearly shorted also.. |
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Sep 15 2008, 10:16 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Kena SL 22pips for EU. Haha. Too bad.
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. 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)  |
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Sep 15 2008, 10:24 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol.. nice one for ur GJ
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 |
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Sep 15 2008, 10:28 PM
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Senior Member
2,214 posts Joined: Oct 2007
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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
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Sep 15 2008, 10:30 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i would liek to thank streamyx for being so unreliable and i missed my short for EU .. was disconnected.. would have been +30 pips
Added on September 15, 2008, 10:31 pmEdit I meant EJ >< 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 |
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Sep 15 2008, 10:51 PM
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Junior Member
369 posts Joined: Jun 2008
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Check out UJ. This is one pair that hasn't close the gap yet. Where do you think it will be heading to?
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Sep 15 2008, 10:52 PM
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Senior Member
3,141 posts Joined: Nov 2006
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will do so once my platform can connect... i think its down at the moment T_T
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Sep 15 2008, 10:52 PM
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Junior Member
175 posts Joined: Mar 2007
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QUOTE(mphpopular @ Sep 15 2008, 10:16 PM) Kena SL 22pips for EU. Haha. Too bad. How to see this image? where can i get it?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. 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) |
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Sep 15 2008, 10:57 PM
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Senior Member
2,214 posts Joined: Oct 2007
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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 |
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Sep 15 2008, 11:13 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(small-jeff @ Sep 15 2008, 09:12 PM) @lowyat: 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. wah...nice 90 pips.. traded earlier EU up move...made 20 only ....wanted long...but accidentally shorted, and missed the entry...damn stupidanyway, anyone has any idea where is the money going? US - NO NO Europe - NO Commodities - NO Today, we mourn the lost of Lehman Brothers.... 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. |
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Sep 16 2008, 12:04 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(billytong @ Sep 15 2008, 11:13 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. i also notice dat...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. |
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Sep 16 2008, 12:15 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(billytong @ Sep 15 2008, 11:13 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. hm...dont think money is moving to Japan...UJ still remains bearish since the early August top, with Nikkei continuously heading south..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. 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 |
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Sep 16 2008, 12:32 AM
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Senior Member
4,081 posts Joined: Aug 2005
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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.. Added on September 16, 2008, 12:34 am QUOTE(small-jeff @ Sep 16 2008, 12:15 AM) hm...dont think money is moving to Japan...UJ still remains bearish since the early August top, with Nikkei continuously heading south.. EU 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 ^.^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? 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 |
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Sep 16 2008, 12:47 AM
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Senior Member
2,214 posts Joined: Oct 2007
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BOth got problem in the 4th wave.
Principal of EW: 4th wave cannot be lower than the 1st wave. |
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Sep 16 2008, 12:51 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Sep 16 2008, 12:47 AM) BOth got problem in the 4th wave. do u mean cant touch?Principal of EW: 4th wave cannot be lower than the 1st wave. |
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Sep 16 2008, 01:13 AM
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Senior Member
2,214 posts Joined: Oct 2007
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pg 14 balan robert EW book. I wish you still have the book with you.
I cant upload the page for you now coz of my stupid streamyx. Pay for this kind of services. MIght try to upload for you again by tomoro morning. The wave 4 cannot lower than the peak of wave 1 |
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Sep 16 2008, 01:22 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Sep 16 2008, 01:13 AM) pg 14 balan robert EW book. I wish you still have the book with you. i still got d e book wit me... will look at it tomolo... now vry sleepy oo...I cant upload the page for you now coz of my stupid streamyx. Pay for this kind of services. MIght try to upload for you again by tomoro morning. The wave 4 cannot lower than the peak of wave 1 |
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Sep 16 2008, 03:43 AM
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Senior Member
2,214 posts Joined: Oct 2007
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THe EW basic principal.
Attached thumbnail(s) 
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Sep 16 2008, 08:39 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Sep 16 2008, 03:43 AM) THe EW basic principal. so any possible count for UJ? |
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Sep 16 2008, 09:03 AM
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Senior Member
3,158 posts Joined: Dec 2006
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@mph
SL aaa...hmmmm...depends on your trading style...look at me...still floating -ve...more than 1k ^^... GJ better look at higher time frame...and let it flow.. i dont know..but my method for trading GJ changing everytime...if i cannot get profit in smaller time frame..i will change the method to long term method..but it all depends also on how u read the chart.... for example...now im short at 191.xx...cause i see at 4h time frame..my graph show that it will go downtrend...so i let go through the flow....now holding 400 ++ pips... for -ve floating....i know i was wrong that i did not used stop lost....but i will see it at weekly chart now...it just at the bottom now...still have to wait another 5 weeks?...6 weeks??...depends.... so i attached here my chart to make it more clearer.. no 1 - 4h no 2 - weekly This post has been edited by normeck: Sep 16 2008, 09:03 AM Attached thumbnail(s) 
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Sep 16 2008, 09:13 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Bro, your floating is something I really impressed on you. I really dunno how to do that one. Haha. But yesterday night guess is lucky day. GJ I kept for short until today morning. CLosed with +169pips.
Currently still evaluating how to control SL in GJ, i understand y you didn't put the SL for it. Coz it is too volatile and need room for swing and so on. Even set a SL, the risk reward ratio is very terrible. |
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Sep 16 2008, 09:20 AM
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2,214 posts Joined: Oct 2007
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Sep 16 2008, 09:25 AM
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Senior Member
2,214 posts Joined: Oct 2007
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EU weekly chart. Daily almost perform the same as GU.
Attached thumbnail(s) 
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Sep 16 2008, 09:47 AM
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Senior Member
2,214 posts Joined: Oct 2007
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EJ. Plz put an note on the PINK channel only.
But the price was unable to break the FIBO 123.6 laz time, will today break it out? Attached thumbnail(s) 
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Sep 16 2008, 10:09 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Sep 16 2008, 09:03 AM) @mph u r far better than me... im bad long term trader.. T.TSL aaa...hmmmm...depends on your trading style...look at me...still floating -ve...more than 1k ^^... GJ better look at higher time frame...and let it flow.. i dont know..but my method for trading GJ changing everytime...if i cannot get profit in smaller time frame..i will change the method to long term method..but it all depends also on how u read the chart.... for example...now im short at 191.xx...cause i see at 4h time frame..my graph show that it will go downtrend...so i let go through the flow....now holding 400 ++ pips... for -ve floating....i know i was wrong that i did not used stop lost....but i will see it at weekly chart now...it just at the bottom now...still have to wait another 5 weeks?...6 weeks??...depends.... so i attached here my chart to make it more clearer.. no 1 - 4h no 2 - weekly |
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Sep 16 2008, 10:18 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Guess everyone have own way of trading. You have one that suit you as well.
Same applies for me, I dunno play hedging at all one. Just Shorted EU at 1.4254. Hunt for 1.4155 |
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Sep 16 2008, 10:18 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(small-jeff @ Sep 16 2008, 12:15 AM) hm...dont think money is moving to Japan...UJ still remains bearish since the early August top, with Nikkei continuously heading south.. Not a single statement I said the money is moving to Japan. I am saying the money flows into USD and JPY now. These 2 currencies have zero relation with their country Economy.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? |
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Sep 16 2008, 10:20 AM
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Senior Member
3,158 posts Joined: Dec 2006
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i think in micro account it will be ok la...just imagine if u do like this at mini or standard acount?....how to top up margin??...lucky 4k point in micro equal to usd40...still have the money....
mini 4k point???....how much u need to top up??? pengsan woooo!! |
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Sep 16 2008, 10:30 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Haha, ya. That why I love to lose in my micro account. And win it back in my mini. Haha. EU just closed wif +16. Sad, hit SL
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Sep 16 2008, 10:51 AM
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Senior Member
3,141 posts Joined: Nov 2006
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Short EJ @148.731
Added on September 16, 2008, 11:00 am@mphpopular.. ur trailing stop... what value do u put ? This post has been edited by kelvin_tan: Sep 16 2008, 11:00 AM |
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Sep 16 2008, 11:02 AM
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Senior Member
2,214 posts Joined: Oct 2007
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I normally do like this. I adjust the SL to the previous HIGH or LOW of candle. I didn't use trailing SL unless I was on my bed.
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Sep 16 2008, 11:08 AM
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Senior Member
3,141 posts Joined: Nov 2006
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EJ seems to be... stuck at 148.500++ .. @ Fibo S1
Added on September 16, 2008, 11:09 am@mphpopular >< my platform no OCO and trailing.. so i have to monitor myself.. anyway how do u guys trade long term until 400+ pips? ur SL very high ? Added on September 16, 2008, 11:11 amcome on EJ... pierce the fibo S1 !!! T_T lol Added on September 16, 2008, 11:13 amHit my SL.. +13 pips.. This post has been edited by kelvin_tan: Sep 16 2008, 11:13 AM |
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Sep 16 2008, 11:22 AM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(kelvin_tan @ Sep 16 2008, 11:08 AM) EJ seems to be... stuck at 148.500++ .. @ Fibo S1 for me, i was looking at indicator...what do you mean SL here? take profit?...it depends too...if i dont see any reversal/retracement...then i will let it flow...Added on September 16, 2008, 11:09 am@mphpopular >< my platform no OCO and trailing.. so i have to monitor myself.. anyway how do u guys trade long term until 400+ pips? ur SL very high ? Added on September 16, 2008, 11:11 amcome on EJ... pierce the fibo S1 !!! T_T lol Added on September 16, 2008, 11:13 amHit my SL.. +13 pips.. |
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Sep 16 2008, 11:24 AM
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Senior Member
3,141 posts Joined: Nov 2006
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lol i adjusted my SL lower once i'm profitable as i dun want profit to turn into lost..
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Sep 16 2008, 11:25 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Not really, for my Long term trade, my risk reward ratio is always 1:2 and above.
SO if I aim for 400 pips, and my SL is 200pips, I will take the trade, if the SL is around 400pips, then I'll quit from taking the trade. Where to find SL? above trendline, fibo or others. SO if riskrreward ratio does not suit my taste, i will just ignore. |
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Sep 16 2008, 11:32 AM
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Senior Member
3,141 posts Joined: Nov 2006
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waiting for EJ to drop by 147.700..
anyway mphpopular.. what commodities affect yen? |
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Sep 16 2008, 11:33 AM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(forexlife @ Sep 13 2008, 09:01 AM) my forex trading system, minimum one order can get 20pips... minimum.. PMed him, this should be interesting |
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Sep 16 2008, 11:35 AM
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Senior Member
3,141 posts Joined: Nov 2006
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lol.. y bother ? nobody responded to him at all
Added on September 16, 2008, 11:36 ambtw.. do post the reply here This post has been edited by kelvin_tan: Sep 16 2008, 11:36 AM |
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Sep 16 2008, 12:04 PM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(kelvin_tan @ Sep 16 2008, 11:35 AM) lol.. y bother ? nobody responded to him at all He went offline Added on September 16, 2008, 11:36 ambtw.. do post the reply here but yea if I ever get one I'll post it |
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Sep 16 2008, 12:38 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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alhamdulillah ...GJ trend still bearish ..
i dont see any sign of bullish yet ...except if the triangle is performed. if triangle , we can see exact sign of bullish ...expected bullish up to 198.xx |
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Sep 16 2008, 12:42 PM
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Senior Member
3,141 posts Joined: Nov 2006
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kelver what triangle? shotred EJ @148.774 and shorted GU @ 1.79360
Added on September 16, 2008, 12:54 pmGU GU GU please go down Added on September 16, 2008, 1:10 pmGU closed at +3 pips.. too scary.. EJ waiting.. This post has been edited by kelvin_tan: Sep 16 2008, 01:10 PM |
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Sep 16 2008, 01:12 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 16 2008, 12:42 PM) kelver what triangle? shotred EJ @148.774 and shorted GU @ 1.79360 i'm talking more into Harmonic pattern and wave pattern ..it helps trader to check any sign of bullish/bearish ..http://harmonictrader.com/price_patterns.htm |
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Sep 16 2008, 01:19 PM
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Senior Member
3,141 posts Joined: Nov 2006
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EJ closed at +20pips..
Added on September 16, 2008, 1:20 pm@kevler thanks =) do u have a chart with u? could i have a look at it? This post has been edited by kelvin_tan: Sep 16 2008, 01:20 PM |
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Sep 16 2008, 01:25 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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this chart is from my friend ...kudos to him
This post has been edited by kevler: Sep 16 2008, 01:28 PM |
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Sep 16 2008, 01:34 PM
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Senior Member
3,141 posts Joined: Nov 2006
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Shorted EJ @ 148.740
@kevler thanks for the chart =) |
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Sep 16 2008, 01:41 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(billytong @ Sep 16 2008, 10:18 AM) Not a single statement I said the money is moving to Japan. I am saying the money flows into USD and JPY now. These 2 currencies have zero relation with their country Economy. ooh..my bad.. relax lar brother..was just asking for opinions...you mean ppl are using USD and JPY to trade just to hedge against their own currencies (i.e. Euro)? anyway, you have any particular outlook on CHF? |
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Sep 16 2008, 01:47 PM
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Senior Member
3,141 posts Joined: Nov 2006
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CHF was quoted as a safe haven on cnbc.. lol.. thats all i can comment ><
Added on September 16, 2008, 1:53 pmClosed EJ for +12 pips.. better play a bit safe after getting burnt yesterday This post has been edited by kelvin_tan: Sep 16 2008, 01:53 PM |
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Sep 16 2008, 03:23 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kevler @ Sep 16 2008, 01:12 PM) i'm talking more into Harmonic pattern and wave pattern ..it helps trader to check any sign of bullish/bearish .. larry pesavento? http://harmonictrader.com/price_patterns.htm  Added on September 16, 2008, 3:34 pmhmm... jus wanna share wit whom like to read... this is 1 of d palce where i usual look for e book ^.^ http://www.bizfun.cc/forum/index.php?PHPSE...5df2c&board=8.0 This post has been edited by low yat 82: Sep 16 2008, 03:34 PM |
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Sep 16 2008, 03:42 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Today my methodology juz kill me off like that in the ranging of EU and GU.
Both pair dont move,up awhile then down awhile, and keep on hit my sl. Tak tahan. So pain. |
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Sep 16 2008, 03:52 PM
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Senior Member
3,141 posts Joined: Nov 2006
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mphpopular.. focus on EJ .. see if it pierces through the FIBO S2 on ur chart
Added on September 16, 2008, 3:53 pmn finally my platform spread cool down... duno y on monday the spread is higher.. =/ by 1-2 pips T_T This post has been edited by kelvin_tan: Sep 16 2008, 03:53 PM |
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Sep 16 2008, 03:54 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Juz now is a good price to short EJ. But my line too bad and making me keep on "invalid prices". So only manage to get a 40pips from GJ. But EJ tak dapat.
EU GU today total loss 140pips. I long it go down, I short it go up. Today dont want EU GU jor. |
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Sep 16 2008, 03:55 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i've only been able to scalp EJ... about 10-25 pips.. cause yesterday get burnt and reluctlant to let it float cause it was showing a lot of resistance at the FIBO S1 u showed in ur graph
Added on September 16, 2008, 4:01 pmScalped EU a bit more i love oanda.. the spread on EU is 0.9 ^^This post has been edited by kelvin_tan: Sep 16 2008, 04:01 PM |
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Sep 16 2008, 04:29 PM
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Senior Member
4,081 posts Joined: Aug 2005
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huhuu... i can see some1 is touchin bc gj n comin bc wit some nice pips ^.^ goodluck.. mayb d GOD showers u wit more profit as well
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Sep 16 2008, 04:55 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol..hows normeck doing now ? since its going down it aint good for him right ?
Added on September 16, 2008, 5:52 pmarghh got burned on EJ again.. 50 pips SL T_T now recovering Added on September 16, 2008, 6:16 pmrecovered.. +70 pips .. whew T_T too bad i bought a smaller lot.. This post has been edited by kelvin_tan: Sep 16 2008, 06:16 PM |
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Sep 16 2008, 06:20 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Bought EJ
1 lot @ 148.57 1 lot @ 148.00 |
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Sep 16 2008, 06:27 PM
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Senior Member
3,141 posts Joined: Nov 2006
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Heh adam.. u've been missing.. >< welcome back .. u sure a rebound is going to happen on EJ ?
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Sep 16 2008, 06:32 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 16 2008, 03:27 AM) Heh adam.. u've been missing.. >< welcome back .. u sure a rebound is going to happen on EJ ? Well, pretty sure. I am GUESSING that FED will cut IR today; and this will be good for global equities. AIG will be saved, the government won't allow it to fail when push comes to shove. Will see about AIG, that i am not too sure.This post has been edited by AdamG1981: Sep 16 2008, 06:32 PM |
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Sep 16 2008, 06:40 PM
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Senior Member
3,141 posts Joined: Nov 2006
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its amazing how u could sum it up like that. Its a pity i dont have that much knowledge T_T but how does it link to EJ? pardon me again for my lack of knowledge
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Sep 16 2008, 06:43 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 16 2008, 03:40 AM) its amazing how u could sum it up like that. Its a pity i dont have that much knowledge T_T but how does it link to EJ? pardon me again for my lack of knowledge If the FED says something good today, investors might be willing to take on more risk on their portfolio, thus carry trade should briefly rebound. |
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Sep 16 2008, 06:51 PM
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Senior Member
3,141 posts Joined: Nov 2006
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wow adam u bought EJ so early when the talk about interest rates is at 2am? 8 hours away ><
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Sep 16 2008, 07:01 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Juz shorted GJ. Wait and see when to close the price.
Short at 185.63 (clsoed half at 185.31 , another half closed 184.76) , 185.78 (Closed half at 185.23, Closed half at 185.77) and 185.47 (closed all 185.33) All these trade must be closed before the 830pm news. Added on September 16, 2008, 7:22 pmThere should be at least more 40pips room to down from 184.90. Still waiting. Scary. TP is 184.34, will close anytime if saw something strange. Closed another half. Still got the laz half from185.78. Wait Wait Wait, want go toilet also scare now. This post has been edited by mphpopular: Sep 16 2008, 07:56 PM |
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Sep 16 2008, 07:28 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Yeah, too early, now i get burnt. Thinking of cutting loss soon.
Will see the price action. I will cut loss @ 147.10 This post has been edited by AdamG1981: Sep 16 2008, 07:38 PM |
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Sep 16 2008, 07:36 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hm...even if slightly cut the rates...it wont really make the situation any better. Playing around with the monetary policy wouldnt really help both, the banks and consumers. When either one is suffering, the economy suffers. Wait for Wall Street to open, probably may see continuation down move of USD...
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Sep 16 2008, 07:54 PM
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Senior Member
2,214 posts Joined: Oct 2007
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GJ now. I'm not sure yet, but this is wat i saw.
Attached thumbnail(s) 
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Sep 16 2008, 07:56 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Positive divergence on EJ 1 hr chart.
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Sep 16 2008, 08:42 PM
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Junior Member
103 posts Joined: Jul 2008
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r ur getting wider spread today
pending to short EU @ 14284 ( 50% retrace )or 14331 ( 61%) This post has been edited by r326196: Sep 16 2008, 08:47 PM |
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Sep 16 2008, 08:43 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Sep 16 2008, 07:01 PM) Juz shorted GJ. Wait and see when to close the price. wa... go toilet also scare a? hehehShort at 185.63 (clsoed half at 185.31 , another half closed 184.76) , 185.78 (Closed half at 185.23, Closed half at 185.77) and 185.47 (closed all 185.33) All these trade must be closed before the 830pm news. Added on September 16, 2008, 7:22 pmThere should be at least more 40pips room to down from 184.90. Still waiting. Scary. TP is 184.34, will close anytime if saw something strange. Closed another half. Still got the laz half from185.78. Wait Wait Wait, want go toilet also scare now. Added on September 16, 2008, 8:47 pm QUOTE(mphpopular @ Sep 16 2008, 07:54 PM) GJ now. I'm not sure yet, but this is wat i saw. u r correct, but carefull... lwoerline been broken.. but sometimes, d pullbacks is strong. cut loss is d break of upper trendline..This post has been edited by low yat 82: Sep 16 2008, 08:47 PM |
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Sep 16 2008, 08:58 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(small-jeff @ Sep 16 2008, 01:41 PM) ooh..my bad.. Just as what I said b4, the USD and JPY is used as Safe heaven now. But for USD. It is not gonna be the case anymore for now. Cutting the IR will send USD down, but it will not go by much. because Cutting IR means US gov is trying their best to save the financial and housing market which is good for USA economy. So the USD bearish on the IR cut will be short term. While holding the IR will send the Stock tumble again, Hold IR good for USD but bad for USA economy. So it is mix trend also. I have no idea where the USD want to gom and I will not trade no matter how volatile it is. Getting the money from here is like getting a treasure in the ocean with full of sharks. relax lar brother..was just asking for opinions...you mean ppl are using USD and JPY to trade just to hedge against their own currencies (i.e. Euro)? anyway, you have any particular outlook on CHF? As for CHF I have no studies of CHF, however I do believe that CHF will have a mix type of trend, Bearish from Eurozone, bullish on CHF as Carry trade. This post has been edited by billytong: Sep 16 2008, 09:01 PM |
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Sep 16 2008, 08:59 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Juz shorted GJ again. Hunt for 184.59. Retrace at fibo61.8
This post has been edited by mphpopular: Sep 16 2008, 09:00 PM Attached thumbnail(s) 
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Sep 16 2008, 09:09 PM
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Junior Member
103 posts Joined: Jul 2008
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i think i will stop all trading first , market now going up and down.can get stop out easily
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Sep 16 2008, 09:11 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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this is exactly what I am trying to tell u guys, if u open a position now with +50-100pips profit.... after tonight 2am it might be -50pips or more. u want a sleepless night? noway!
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Sep 16 2008, 09:14 PM
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Junior Member
103 posts Joined: Jul 2008
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looking now spread are bigger and price going whip saw, unless trading are trading on longer time frame, if not better to be safe. start trading mayb after 9.30 when US open to have a judge the direction
This post has been edited by r326196: Sep 16 2008, 09:15 PM |
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Sep 16 2008, 09:25 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Today market not really nice to trade, especially the ASEAN session. Even for now, EU and GU still up 10minute down 10minute. Tak tahan.
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Sep 16 2008, 09:31 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Sep 16 2008, 09:25 PM) Today market not really nice to trade, especially the ASEAN session. Even for now, EU and GU still up 10minute down 10minute. Tak tahan. dun worry... we'll wait n see... 
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Sep 16 2008, 09:38 PM
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Senior Member
2,214 posts Joined: Oct 2007
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GJ short at 184.99 (Closed half 184.59, Closed half at 184.98), 184.66
This post has been edited by mphpopular: Sep 16 2008, 09:48 PM |
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Sep 16 2008, 09:38 PM
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Junior Member
103 posts Joined: Jul 2008
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reminder dun force a trade when there it not safe to do so
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Sep 16 2008, 09:40 PM
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Senior Member
4,081 posts Joined: Aug 2005
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read my sig!!
hehe TRADE WAT U SEE N NOT WAT U FEEL!! NO BIG LOTS!!! TRADE SAFELY AKA WAIT FOR CONFIRMATIONS!! NO MORE GAMBLING!! wanna go out buy ciggy leh.. |
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Sep 16 2008, 10:07 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol lowyat.. sticking to ur principles eh
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Sep 16 2008, 10:12 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kelvin_tan @ Sep 16 2008, 10:07 PM) lol lowyat.. sticking to ur principles eh i had to do dat.. hpe i can maintain it eery day at not for 2-3weeks.. then forgot, then starts to gamble T.Tjus a reminder.. 
d downtrend target is from usd60-80 This post has been edited by low yat 82: Sep 16 2008, 10:13 PM |
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Sep 16 2008, 10:13 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol.. i got burnt super badly today.. my income up down up down up down T_T .. got burnt on EJ again.. recovered 90% but remaining 10% is a lost.. ><
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Sep 16 2008, 10:18 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kelvin_tan @ Sep 16 2008, 10:13 PM) lol.. i got burnt super badly today.. my income up down up down up down T_T .. got burnt on EJ again.. recovered 90% but remaining 10% is a lost.. >< if u felt confused, rest for today.. or better still, go relax.. like watch hamsap dvd |
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Sep 16 2008, 10:43 PM
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Senior Member
3,141 posts Joined: Nov 2006
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hahah yea.. today in one trade.. it wiped out my entire profit for the week ><lucky gained it back.. staying away from it for now.. anyway .. any of u .. when peak times ur platform kicks u out? =/
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Sep 16 2008, 11:04 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kelvin_tan @ Sep 16 2008, 10:43 PM) hahah yea.. today in one trade.. it wiped out my entire profit for the week ><lucky gained it back.. staying away from it for now.. anyway .. any of u .. when peak times ur platform kicks u out? =/ kicks out? wat does it means?sometimes, execution abit slow lor.. lolAdded on September 16, 2008, 11:51 pmhuhuh... seems like EU down it will go..too bad... not avid lover of EU.. guess i giv it a pass since tomolo is wednesday n most of d time seems like UJ always goes down.. mayb EU will go up... we'll look wehter got any new opportunity to short it.. ridin usdcad.. let see this time my coountin is ok or not ^.^ This post has been edited by low yat 82: Sep 16 2008, 11:51 PM |
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Sep 17 2008, 12:02 AM
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Senior Member
3,141 posts Joined: Nov 2006
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i missed so many opportunities due to me going out T_T GU would have been a free +30 pips T_T
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Sep 17 2008, 07:31 AM
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Newbie
7 posts Joined: Jul 2008
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Guys, i am new here, have been using demo account to trade for 2 months and i think i am ready for real money. I know that i need to open a foreign account (e.g paypal etc) and TT to it and TT out for withdrawer, but this TT process incurr quite a high charges, Can someone show me the best way to deal with this foreign paypal account from deposit and withdrawer pespective ?
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Sep 17 2008, 08:08 AM
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All Stars
10,340 posts Joined: Jan 2003
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Hehe... i just started on demo about 2 days now. Being guided slowly by my friends. I'm playing eur/usd... Any general tips?
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Sep 17 2008, 09:31 AM
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Senior Member
3,158 posts Joined: Dec 2006
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i just disappointed cause i didn't watch my trade last night...i just let it flow, now this morning i see only 100++ pips...should closed it when 500 pips yesterday....sighhhhh....cannot closed now...my indi tells me that it will go down again ....
This post has been edited by normeck: Sep 17 2008, 09:32 AM |
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Sep 17 2008, 09:33 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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this news influence the world economic , especially Lehman's bancruptcy
•U.S. Stocks Fall Most Since 9/11 as Lehman, AIG Stoke Global Credit Crisis •AIG Seeks Funds From JPMorgan, Goldman After Fed Balks at Government Loan•Hewlett-Packard to Cut 24,600 Jobs After EDS Deal, Sees $1.7 Billion Cost •Washington Mutual Is Cut to Junk by S&P on Mortgage Losses: Shares Decline•Asian Stocks Extend Global Rout on Lehman Bankruptcy, AIG, Oil's Decline •AIG's Rating Lowered Three Grades to A-, May be Downgraded Again, S&P Says•Oil Falls to Seven-Month Low as Lehman's Collapse Adds to Demand Concerns •Houston Struggles to Recover From Hurricane Ike as Midwest Hit by Floodingini now i'm started to read business news NST ....damned |
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Sep 17 2008, 11:05 AM
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Senior Member
3,141 posts Joined: Nov 2006
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man EJ and GJ sure moved a lot last night.. did u hold ur position in EJ adam?
Added on September 17, 2008, 11:45 am@tanta2008 u dont need a foreign account.. u can just TT ur money from maybank.. This post has been edited by kelvin_tan: Sep 17 2008, 11:45 AM |
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Sep 17 2008, 12:17 PM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(normeck @ Sep 17 2008, 09:31 AM) i just disappointed cause i didn't watch my trade last night...i just let it flow, now this morning i see only 100++ pips...should closed it when 500 pips yesterday....sighhhhh....cannot closed now...my indi tells me that it will go down again .... Trailing stop loss would have helped in this case? |
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Sep 17 2008, 12:20 PM
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Senior Member
3,158 posts Joined: Dec 2006
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for my case...i should monitored it...i dont want it hit my trailing stop..and go down again...
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Sep 17 2008, 12:28 PM
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Senior Member
3,141 posts Joined: Nov 2006
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but normeck..what about ur other floating bids? u longed them right? so if GJ continues going down wont those -ve pips be worst?
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Sep 17 2008, 12:36 PM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(normeck @ Sep 17 2008, 12:20 PM) for my case...i should monitored it...i dont want it hit my trailing stop..and go down again... Trailing stop loss (unlike normal stop) follows the movement so you can't hit it until it reverses? |
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Sep 17 2008, 12:38 PM
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Senior Member
3,158 posts Joined: Dec 2006
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ok..let think this way...if GJ continued going down..that means the economy was bad isn't?...if the economy was bad...will the economist/bank just watch it going down?...then there will be some action to make the economy better..remember kevler post the chart?...will it go to 198?...if it touch 198...then i will closed it..and accepted it as a stop lost.....thats it..
IF GJ continued going down...just hedging it..and wait another 1 year to clear it...^^ Added on September 17, 2008, 12:41 pm QUOTE(howszat @ Sep 17 2008, 12:36 PM) Trailing stop loss (unlike normal stop) follows the movement so you can't hit it until it reverses? im hedging now....trailing stop will kill my margin...^^This post has been edited by normeck: Sep 17 2008, 12:41 PM |
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Sep 17 2008, 12:57 PM
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Senior Member
4,081 posts Joined: Aug 2005
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crap... yesterday usdcad hit my SL... T.T
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Sep 17 2008, 01:09 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Ya, I understand you normeck, juz do your another trade and let the hedging be.
My GJ LONG closed at 3 pips. Too faz jor. |
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Sep 17 2008, 01:59 PM
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Senior Member
3,141 posts Joined: Nov 2006
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today is a boring day
moving sideways |
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Sep 17 2008, 02:08 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Still ok for me. Manage grab another 43pips from GJ. I start to gain back my confidence on GJ, juz still figuring how to set SL, that is my major problem to deal with GJ. One loss manage to take away my 4 win trade profit.
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Sep 17 2008, 02:22 PM
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Senior Member
2,214 posts Joined: Oct 2007
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How long will the trendline on HOLD.
Not going to trade jor. Is time to take my afternoon nap and wait for UK open Attached thumbnail(s) 
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Sep 17 2008, 03:31 PM
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Senior Member
3,141 posts Joined: Nov 2006
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shorting EU and GU.. lets see where this goes.. dun wanna touch EJ for a few days
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Sep 17 2008, 03:33 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 17 2008, 03:31 PM) shorting EU and GU.. lets see where this goes.. dun wanna touch EJ for a few days i hope your short on EU and GU is true ...as i saw EU is bullish now ...damned and i'm still holding my EU trade ..fakapster |
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Sep 17 2008, 03:34 PM
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Senior Member
3,141 posts Joined: Nov 2006
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kevler.. could i c ur analysis? i'm based on a few indicators n pivot thats all..
Added on September 17, 2008, 3:37 pmclosed GU with 17 pips.. waiting EU .. gaining 17 pips now This post has been edited by kelvin_tan: Sep 17 2008, 03:37 PM |
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Sep 17 2008, 03:37 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 17 2008, 03:34 PM) kevler.. could i c ur analysis? i'm based on a few indicators n pivot thats all.. check this out ...from dailyfx |
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Sep 17 2008, 03:39 PM
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Senior Member
3,141 posts Joined: Nov 2006
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closed EU with 26 pips
Added on September 17, 2008, 3:40 pmelliotwave? >< nvm i made my profit d i'm just a scalper heh..This post has been edited by kelvin_tan: Sep 17 2008, 03:40 PM |
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Sep 17 2008, 03:40 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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yerp ...i saw the EU bearish ..but AFAIK , it just a retracement abit
nice job on scalping , kelvin |
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Sep 17 2008, 03:42 PM
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Senior Member
3,141 posts Joined: Nov 2006
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heh i enter at pivot points.. and then look at RSI / Stoch to comfirm it.. and sometimes if uncertain.. the 50 sma helps a bit
Added on September 17, 2008, 3:45 pmoops... closed my GU a bit too early..its sliding down !! Added on September 17, 2008, 4:24 pmi think stop for today la.. dun wanna get burnt like yesterday and end up having to look at the pc just to look for opportunities to regain my losses.. Added on September 17, 2008, 4:24 pmbtw kevler whats AFAIK? >< This post has been edited by kelvin_tan: Sep 17 2008, 04:24 PM |
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Sep 17 2008, 07:17 PM
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Senior Member
2,214 posts Joined: Oct 2007
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ANyone can let me know, is it US session juz open by 7 in malaysia time??? or it should be 9pm in malaysia?
As i knew, NEW york open at 8am EST whereby is 9pm in malaysia. SO let me know which one is correct. This post has been edited by mphpopular: Sep 17 2008, 07:19 PM |
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Sep 17 2008, 07:24 PM
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Junior Member
48 posts Joined: Jul 2007
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QUOTE(mphpopular @ Sep 17 2008, 07:17 PM) ANyone can let me know, is it US session juz open by 7 in malaysia time??? or it should be 9pm in malaysia? U.S. Markets open in 2 hours and 8 minutes from now.As i knew, NEW york open at 8am EST whereby is 9pm in malaysia. SO let me know which one is correct. This post has been edited by choice: Sep 17 2008, 07:25 PM |
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Sep 17 2008, 08:32 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@mphpopular
from what i know it opens at 9pm malaysia timing |
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Sep 17 2008, 08:34 PM
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All Stars
15,192 posts Joined: Oct 2004
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Anyone who has fund in FXCM is urged to withdraw all the funds....
You see their today's rollover interest for some pairs... Buy or Sell you need to pay interest For GJ buy, you need to pay $13.50 per 0.1 lot........MYGOD This post has been edited by jack2: Sep 17 2008, 08:35 PM |
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Sep 17 2008, 08:40 PM
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Senior Member
3,141 posts Joined: Nov 2006
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my god? do u have a screenshot or a link to allow us to see it?
on a side note.. where is GU and EU headed? Added on September 17, 2008, 8:50 pmi'm bored... scalping for extra few cents just for kicks >< buy and sell 200 units heh This post has been edited by kelvin_tan: Sep 17 2008, 08:50 PM |
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Sep 17 2008, 08:51 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(kelvin_tan @ Sep 17 2008, 08:40 PM) my god? do u have a screenshot or a link to allow us to see it? I lazy to screenshot it.... I was told by the support that the banks charge them interest for both...on a side note.. where is GU and EU headed? See this email my friend received. 福汇财务稳健，雷曼破产影响甚微； 涉及资金不足6百万 亲爱的客户： 2008年9月15日(星期一)，雷曼兄弟控股(Lehman Brothers Holding Inc.)申请破产保护。作为主要的投资银行，雷曼兄弟与全球数千家金融机构维持业务关系，申请破产时列出的债权人超逾10万个，其中包括福汇集团(FXCM)。雷曼兄弟所欠福汇集团(FXCM)的总负债少于6百万美元。 重要资料： * 雷曼兄弟未持有任何福汇客户的资金，破产不会对福汇客户造成影响。 * 直至目前为止，雷曼兄弟欠福汇集团(FXCM)约510万美元。 * 即使出现最恶劣情况，福汇无法收回任何雷曼所欠的资金，有关亏损对于福汇影响仍然甚微。福汇财务强健，雷曼欠款相当于福汇资本不足5%。 * 福汇集团(FXCM)的流动资产(不计算客户资金的现金)超逾1亿2,500万美元。 福汇相信集团大有可能全数收回510万美元欠款。控股公司雷曼兄弟控股宣布破产，但附属公司没有宣布破产。雷曼所欠福汇的资金存于雷曼一家独立受监管实体Lehman Commodities Corp.的独立账户。基于资金的存放，福汇集团(FXCM)相信可以收回510万美元。 福汇一直奉行管理严格而且较保守的财务政策；信誉良好的财务机构结束有时难以预测，但妥善的风险管理对于减低同类事件的影响十分重要。这次事件的潜在损失相当于福汇资本不足5%，大约就是福汇一般在两个星期的盈利。 在全球零售外汇业务中，福汇是资产负债状况最强健的其中一个集团。根据福汇所知，集团是唯一定期公开财务数字的美国注册外汇交易成员。集团并邀请其他外汇交易成员效法此举，公开雷曼兄弟破产所涉及的风险 |
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Sep 17 2008, 08:52 PM
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Senior Member
3,141 posts Joined: Nov 2006
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>< someone plz transalate that for me lol.. who issued the letter? fxcm ?
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Sep 17 2008, 08:56 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(kelvin_tan @ Sep 17 2008, 08:52 PM) >< someone plz transalate that for me lol.. who issued the letter? fxcm ? Yes, it is issued by them.The letter is on Lehman Brothers Holding Inc's bankruptcy matter and claiming they won't be affected since the debts represents 5% of their total assets. The debt owing is believe can be recovered and even it is irrecoverable, it won't affect them.... blahhhhhh |
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Sep 17 2008, 09:15 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol.. fxcm sux big time.. but in terms of banks.. wonder how safe r the banks in US at the moment >< my funds are in JP Morgan Chase
Added on September 17, 2008, 9:23 pmhaih blardy streamyx everytime at 9pm i get disconnected until the next morning.. gonna complain to mcmc This post has been edited by kelvin_tan: Sep 17 2008, 09:23 PM |
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Sep 17 2008, 09:35 PM
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Senior Member
2,214 posts Joined: Oct 2007
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I just have a quick trade from EJ and closed with +20pips. The DT is too wild and where will the retracement, wondering???
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Sep 17 2008, 09:40 PM
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All Stars
15,192 posts Joined: Oct 2004
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Today market is gila.. better don't trade... I close shop now.
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Sep 17 2008, 09:43 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol..last night was even worst.. u c EJ .. there was a movement of 300 pips within one hour.. >< i made my profit in the afternoon.. so for now i'll call it a day
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Sep 17 2008, 09:45 PM
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Senior Member
2,214 posts Joined: Oct 2007
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The EJ retracement kuat oh... Luckily I run fast fast.
Expect retrace to 147.70 EDIT: Is 149.70 LOLThis post has been edited by mphpopular: Sep 17 2008, 10:06 PM |
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Sep 17 2008, 10:08 PM
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Senior Member
3,141 posts Joined: Nov 2006
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somehow oanda keeps kicking me out of their servers at this kind of time.. wonder why.. =/
@mphpopular.. how did u come to a conclusion the retracement is up to 149.70 ? i still dunno how to do that kind of analysis |
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Sep 17 2008, 10:17 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Using Fibonanci, actually it does not always right, juz a matter of try and error. If it passes thru the point, I will take that there is no more retracement for me.
Juz to confirm with you guys, I cant find the info I wan in google-ing. So I gonna raise my hand over here. FIbo important level include of 0.0 , 23.6 , 38.2, 50.0 , 61.8, 78.6 ,100.0, 123.6, 161.8 23.6 not so powerful 61.8 and 78.6 more powerful PLz check is it all the level is correct cause I'm quite not sure with the 23.6 and 76.8 and 123.6 or 127.2 ??? Answer is 127.2, others is correct. Edit: I start to hate the requote from our live account. Demo nvr happen such a word called, requote. But in real trade, the requote, keep on pops out, or "would you like to buy at new price". I HATE IT. I should give non-mt4 broker a try, to examine how is their execution speed. How's the execution speed for oanda, fxcm and others? Any good trading platform to let me try? I wanna have a zero requote problem. This post has been edited by mphpopular: Sep 17 2008, 11:39 PM |
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Sep 17 2008, 10:59 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol.. @mphpopular mine doesn't even requote.. if ur lagging ur DEAD !! lol..
Added on September 17, 2008, 11:12 pm@mphpopular.. i doubt u will like oanda as the analysis tools isn't as good as mt4.. their pip tend to be tighter but it depends on timing (since u like GJ, lowest they go is 5.5 but it can go up to 10 at times and EU is as low as 0.9).. the execution is fast as long as ur internet is fast and no requote This post has been edited by kelvin_tan: Sep 17 2008, 11:12 PM |
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Sep 17 2008, 11:12 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Haha, yours should be like this : Look at right bottom, "disconnected"
I'm done for today, start act as gamble jor. I gonna shut down my trading platform. All the trades were closed out too early, and that is without reason. Manage to get 5pips from EU and lose 2pips to EJ. Should hold hold hold EJ short for longer period, guess I dont have confident to hold since It was juz a gamble trade. EDit: Might giv Oanda a try. But still will using mt4 as analysis tool, only use oanda to take trades, will try have some time to check their demo first by next week. This post has been edited by mphpopular: Sep 17 2008, 11:14 PM |
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Sep 17 2008, 11:14 PM
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Senior Member
3,141 posts Joined: Nov 2006
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haha ya la.. stupid streamyx .. i'm really pissed with them actually .. its money.. =(
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Sep 17 2008, 11:18 PM
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Senior Member
2,214 posts Joined: Oct 2007
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IF EU manage to closed below 1.4757, guess is a good point to short again. But I gonna sleep now. So nitez.
Edit: Is 1.4157 This post has been edited by mphpopular: Sep 17 2008, 11:19 PM |
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Sep 17 2008, 11:18 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@mphpopular
whats your broker ? better check if its compliant with the new cftc proposal.. some are barely reaching the minimum |
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Sep 17 2008, 11:20 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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QUOTE(mphpopular @ Sep 17 2008, 07:17 PM) ANyone can let me know, is it US session juz open by 7 in malaysia time??? or it should be 9pm in malaysia? from what i know.. 8pm.. he he As i knew, NEW york open at 8am EST whereby is 9pm in malaysia. SO let me know which one is correct. |
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Sep 17 2008, 11:21 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol .. u mean EJ? heh nitez mate
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Sep 17 2008, 11:23 PM
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Senior Member
2,214 posts Joined: Oct 2007
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@kelvin
I meant EU. Now I waiting is it the candle is closed below it in 15m chart. If yes, gonna short it. @jebonen US market start at 9pm in malaysia. Thanks for your info. I also not sure with the 9pm but my frenz in singapore told me about that. Wish he is right. |
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Sep 17 2008, 11:25 PM
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Senior Member
3,141 posts Joined: Nov 2006
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1.4757???? EU is at 1.41 now >< how did it get to 1.4757?
Added on September 17, 2008, 11:26 pmlol nvm.. u edited ur post >< This post has been edited by kelvin_tan: Sep 17 2008, 11:26 PM |
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Sep 17 2008, 11:29 PM
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Senior Member
2,214 posts Joined: Oct 2007
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I edit my post jor. Is 1.4157. GOing to short it within 1 min.
TP around 1.4108 This post has been edited by mphpopular: Sep 17 2008, 11:29 PM |
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Sep 17 2008, 11:31 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i'm focusing on EJ.. its hitting the final resistance on daily pivot.. and thats around the fibo 123.6 in ur EJ chart
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Sep 17 2008, 11:35 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Feel glad my chart was useful. But change the Fibo to 127.2. It was my mistake on earlier on whereby put in the wrong Fibo number.
Goodnight bro. Is time to sleep jor. |
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Sep 17 2008, 11:37 PM
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Senior Member
3,141 posts Joined: Nov 2006
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heh i look at ur charts pretty often and i'm trying to learn how to draw them.. thanks a lot bro and good night..
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Sep 17 2008, 11:40 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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if EU able to break the support 1.4073 , it can be go lower
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Sep 18 2008, 01:10 AM
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Senior Member
3,141 posts Joined: Nov 2006
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i just closed EJ for +80 pips.. sad thing is i was testing market and i only bought 500 units >< |
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Sep 18 2008, 01:27 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Guess the market juz go the opposite way, insanely.
Jump up by my PC alarm, wao, the trend is so insane. Luckily my EU short have closed at TP. Wish there is others who see it. Gbp pair having the most big impact whereby goes up madly. Edit:: Guess the EJ does rebound at FIBO 127.2 perfectly. This post has been edited by mphpopular: Sep 18 2008, 02:21 AM |
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Sep 18 2008, 02:28 AM
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Senior Member
2,214 posts Joined: Oct 2007
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EJ.
Another case of bump and run, but is inverted bump and run. Try only focus on the 3 trendline. 1st minor trendline broken. Now goes for 2nd one. Attached thumbnail(s) 
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Sep 18 2008, 10:54 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(kelvin_tan @ Sep 17 2008, 11:25 PM) 1.4757???? EU is at 1.41 now >< how did it get to 1.4757? His mistake will come true soon enough, the EU will return to there soon. With the condition in USA right now I dont see why EU wont make back to 1.5. Added on September 17, 2008, 11:26 pmlol nvm.. u edited ur post >< DO NOT Long any USD. ALL the USD are in trouble now. |
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Sep 18 2008, 01:25 PM
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Senior Member
3,141 posts Joined: Nov 2006
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heh going against the trend will make u die eh? anyway other pairs are also crazy this whole week.. extremely volatile
Added on September 18, 2008, 1:32 pmShort EU @1.43843 Added on September 18, 2008, 1:37 pmClosed EU .. +18 pips This post has been edited by kelvin_tan: Sep 18 2008, 01:37 PM |
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Sep 18 2008, 01:49 PM
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Senior Member
1,646 posts Joined: Jun 2007
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most money is going to a safer place... the T-Bill, and gold...with banks not borrowing money to banks, trading will be rather difficult. Anyone trading on those index futures?
How i wish my broker has that option At times like this, forex is just too dangerous...hope banks will get settled down next week |
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Sep 18 2008, 02:06 PM
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Senior Member
517 posts Joined: Aug 2007 From: Melaka
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hi guys, i have just started a forex practice account yesterday. What currency pairs you guys normally trade? I'm hoping to learn something from you guys.
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Sep 18 2008, 02:23 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@caspersky
hi.. in terms of trading pairs everybody has their preference however the hot pairs would be Euro/USD as the spread is lowest on this pair and the volatilty is nice.. Added on September 18, 2008, 4:31 pmswt my platform ..somehow during demo nothing of this sort happened... GU - 30 pip spread.. GJ - 25 pip spread.. wtf ? Added on September 18, 2008, 5:58 pmshort EU 1.44680.. lets c if it pays off Added on September 18, 2008, 6:08 pmburnt T_T This post has been edited by kelvin_tan: Sep 18 2008, 06:08 PM |
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Sep 18 2008, 08:53 PM
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Senior Member
517 posts Joined: Aug 2007 From: Melaka
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@kelvin_tan
hi, as i'm currently in australia i'm thinking to try on AUD pairs, but according to what you say it seems Euro/USD would be a good pair to play on as well. I simply bought AUD/USD and loss few thousands haha, now buying AUD/JPY trying to recover. |
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Sep 18 2008, 08:55 PM
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Senior Member
3,141 posts Joined: Nov 2006
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caspersky
visit www.babypips.com/school to learn about how to trade first. |
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Sep 18 2008, 09:28 PM
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Junior Member
363 posts Joined: Jan 2005
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Any goodwebsite for forex trading?
new to forex here |
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Sep 18 2008, 09:46 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@bearbrick
go to www.babypips.com/school Added on September 18, 2008, 10:19 pmtoday i became a victim of extremely volatile market the market was so volatile that it went n touch my SL and then closed at a much lower position.. ><Added on September 19, 2008, 2:09 amfinally learnt my lesson to not be afraid of losing instead accept it as a lesson.. i stop cutting loss all the time (trailing stops 8-10 pips from current pips) and recovered what i lost today with +75 pips from EJ.. this has been one heck of a week to have my 10 days total profit reduced by 50% in just 2 trades today. I'm staying away from the GJ pair forever. The EJ will do just fine.. to others.. good luck pipping =) This post has been edited by kelvin_tan: Sep 19 2008, 02:13 AM |
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Sep 19 2008, 08:50 AM
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Senior Member
3,158 posts Joined: Dec 2006
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GJ victim again....huhuh!!...
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Sep 19 2008, 09:46 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Sep 19 2008, 08:50 AM) GJ victim again....huhuh!!... normeck, u use b4 harmony tradin rite?how good issit? im feed up d need to monitor d screen lookin for break of pattern bla bla bla... wanted to find 1 system dat been proven n save time.. |
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Sep 19 2008, 10:12 AM
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Senior Member
3,158 posts Joined: Dec 2006
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yeap ..i have try it...the problem that i faced when using harmony trading....was...when we should enter position?...using Fibo?...we can discuss about it...
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Sep 19 2008, 10:15 AM
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Senior Member
2,214 posts Joined: Oct 2007
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How only considered proven?
What did I encounter is, every methodology does a very good job in entry, the problem is came to the exit part. Exiting the trades at the right time is the most important I guess. You'll encounter back the very same question when you goes to another methodology. I holding 3 methodology currently, but for the all 3, I face the same question, where to exit trades. Even when I tried to change to other methodology, finally I goes back to my original 3 bcoz I faced back the same question. I guess is better for me to stick back to my methodology and keep modify it until it bcome the best for me rather than go to new methodology and start over again. But makes your methodology simpler, your life will be easier as well. And try use bare eye to see the chart which is clean and clear from any indicator to exit trades, juz use the price action, I found out it is very useful and of course does makes you lose alot before you are good in it. NOTE: Personal experience only, not applicable for all, juz for sharing purposes. EDIT: Normeck, Today morning I saw GJ 4H top resistance line going to broken, does it breakout? Wish it does, dont like to have GJ get stuck in this range. Want short or want long also worry. Added on September 19, 2008, 10:21 am QUOTE(normeck @ Sep 19 2008, 10:12 AM) yeap ..i have try it...the problem that i faced when using harmony trading....was...when we should enter position?...using Fibo?...we can discuss about it... Ya, if you did see about the harmony pattern, you need to understand the FIBO sequences to make trades.Good advantages in harmony pattern compared to indicators trading is, indicators is lag of time. Using harmony patttern, you might able to have a 1:3 risk reward ratio bcoz your SL was set above the harmony pattern, if it touch your SL meant the harmony pattern was a fake on or something wrong or got red news. ENtry mostly you need to plot chart properly with all the FIBO count, and enter at the end of the pattern or breakout (Abit similiar to EW trading for me). This post has been edited by mphpopular: Sep 19 2008, 10:21 AM |
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Sep 19 2008, 10:24 AM
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Senior Member
3,141 posts Joined: Nov 2006
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victim of both GJ and EU .... EU suddenly spiked up like mad.. moved 100 pips..
then move back down by 200++ pips.. |
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Sep 19 2008, 10:35 AM
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2,214 posts Joined: Oct 2007
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QUOTE(kelvin_tan @ Sep 19 2008, 10:24 AM) victim of both GJ and EU .... EU suddenly spiked up like mad.. moved 100 pips.. I guess the GJ is today morning 3am that spike out? then move back down by 200++ pips.. |
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Sep 19 2008, 10:53 AM
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3,141 posts Joined: Nov 2006
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nope.. GJ was last night (roughly 8.30pm).. GJ was because of it hit my SL.. it was foolish to set a SL at 50 pips on GJ as it is so volatile.. for EU... lets say its bad luck as my short was right on the money but my SL isn't big ... (50 pips again)
Added on September 19, 2008, 10:56 amShort EJ a LITTLE too early.. would have made additional 10 pips.. it hit ur fibo and unable to break out.. we'll c.. heh.. to add to that..it has hit a double top on the 1 hour chart This post has been edited by kelvin_tan: Sep 19 2008, 11:01 AM |
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Sep 19 2008, 11:11 AM
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3,158 posts Joined: Dec 2006
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ok ...now im practicing Fibo...im short just now at GJ...take profit at 23.XX...will see what happen...
Attached thumbnail(s) 
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Sep 19 2008, 11:13 AM
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3,141 posts Joined: Nov 2006
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@normeck
happy pipping my account too small to touch GJ >< i can't bear the losses.. |
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Sep 19 2008, 11:15 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(normeck @ Sep 19 2008, 10:12 AM) yeap ..i have try it...the problem that i faced when using harmony trading....was...when we should enter position?...using Fibo?...we can discuss about it... oo good.... wats ur msn o?i jus start study by today... my capital has been reduced, therefore, accordin to my plan, i MUST revise my tradin plan again.. T.T enter position, well, if u r good in candlestick, then use it.. i dunno how to use it, so i'll use chart pattern at smaller TF.. but d problem is, larry pesavento never stated wats d normal fibo it will hit... he jus show patterns which will ignite bulish or bearish moves.. |
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Sep 19 2008, 11:15 AM
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3,141 posts Joined: Nov 2006
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EJ on the way down.... +15 pips now.. set SL to +1pip.. protect my capital first.. do u guys do this actually? because i tend to notice sometimes it hits ur SL and then continues its trend.. Added on September 19, 2008, 11:17 am@lowyat82 hei lowyat.. share with me from whatever website ur reading about this harmony trading.. i need more knowledge This post has been edited by kelvin_tan: Sep 19 2008, 11:17 AM |
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Sep 19 2008, 11:33 AM
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3,158 posts Joined: Dec 2006
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i mean we can discuss in this forum..
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Sep 19 2008, 11:36 AM
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3,141 posts Joined: Nov 2006
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oops EJ triggered my SL.. +10 pips..
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Sep 19 2008, 11:43 AM
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Senior Member
3,158 posts Joined: Dec 2006
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lets discuss how to read chart (TA)
from the picture that i have attached....when we just miss the train..what should we do? 1- we open buy with STOP LOST maybe got reversal? 2- we open sell (counter trend)...with STOP LOST cause from the chart it still uptrend... so..what was "peranan" fibo here? Attached thumbnail(s) 
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Sep 19 2008, 12:15 PM
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Senior Member
3,141 posts Joined: Nov 2006
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EJ hit daily pivot and going down down down !!!
managed to short at 151.889 Added on September 19, 2008, 12:26 pmagain hit SL .. +24 pips This post has been edited by kelvin_tan: Sep 19 2008, 12:26 PM |
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Sep 19 2008, 12:34 PM
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2,214 posts Joined: Oct 2007
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NOrmeck, plz post how your fibo is drawn. I cant see how to fibo is drawn bcoz I only manage to see very little portion of your chart.
Normally, When a trend is down. then we saw the trend has signal the reversal. Then we draw the FIBO from the top of the DT to the bottom of the DT. then we'll see how much the price will retrace to, before it continue its DT again. |
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Sep 19 2008, 12:50 PM
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3,158 posts Joined: Dec 2006
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correct me if im wrong...
TF h4 This post has been edited by normeck: Sep 19 2008, 12:56 PM Attached thumbnail(s) 
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Sep 19 2008, 12:53 PM
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Senior Member
2,214 posts Joined: Oct 2007
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One simple case to show. I using FIBO to do trades bcoz it offer a good risk reward. Besides, I didn't take on every retracement, I need price action to tell me what to do next.
DO not blame me for the chart, cause I was not with my mt4. I tried my best to explain jor. Try post up the larger portion of your chart. EDIT: Juz saw your post. For FIBO, we're not using the current trend to determine, but the previous trend. IF for your case, you should drag from the previous high to the low. This post has been edited by mphpopular: Sep 19 2008, 01:02 PM Attached thumbnail(s) 
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Sep 19 2008, 12:54 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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quite volatile market tis week. Make me lost 4 trades out of 5.Hope i can make better one today. Hit my SL quite often. |
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Sep 19 2008, 12:55 PM
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Senior Member
3,158 posts Joined: Dec 2006
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TF H4
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Sep 19 2008, 12:57 PM
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3,141 posts Joined: Nov 2006
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i am stopping for today.. i dun wanna burn all my profits d..
@mphpopular.. mayb a better explanation on fibo when u are on ur mt4? coz i'm still unsure am i drawing it right. i only draw it from the swing low to the swing high.. Added on September 19, 2008, 12:58 pmoh yes.. another question.. what time frame is suitable to draw the fibo? because drawing it on the monthly chart on mt4 will be taking mayb around 8 years time frame .. isn't that a bit too long? lets say my SL is 50 pips my TP is 85 pips, what time frame would u recommend ? This post has been edited by kelvin_tan: Sep 19 2008, 12:58 PM |
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Sep 19 2008, 01:05 PM
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Senior Member
2,214 posts Joined: Oct 2007
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I do it on this way.
DONT FOLLOW THE CHART BLINDLY, for learning purpose only. Added on September 19, 2008, 1:10 pmACtually profesion did tell us that in forex, always the price pattern, FIBO, EW and also those nontime lag tools is more effective in LONGER TF. A good setup does takes years to form. I nvr go until monthly. THe most I went is into weekly. MOnthly is too far for me, my equity is not enough for it. Usually for a small TP and SL, i using a 15m chart. When I use it? During the time after a big UT or DT, then I'll finding out the retracement. BUt I wont trade for the retracement cause is danger to go against the trend. Unless it broke the 100.0 level. Then I'll take that no longer have any retracement, and I'll follow the trend to 127.2 or 161.8. NOTE: Must make sure you clear on the market major trend. @kelvin Today evening going to SEremban for a trip with frenz, guess only able to touch my mt4 by next week. Paiseh. And need more profesion on FIBO to teach me also, I still in learning phase as well. This post has been edited by mphpopular: Sep 19 2008, 01:10 PM Attached thumbnail(s) 
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Sep 19 2008, 01:17 PM
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3,141 posts Joined: Nov 2006
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(deleted)
This post has been edited by kelvin_tan: Sep 19 2008, 01:18 PM |
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Sep 19 2008, 02:18 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hm...just to add a little opinion on fibo. I notice most draw their vertical fibo using a rather small extream high/low. Though it's not to say it's not good, but some times can be rather misleading. Usually, to fully utilise fibo, both vertical and fan, it's best to draw from the true extream high/low, may it be years away. Then, when the gap between each level if it's too great, only look for smaller high/low, usually seen on consolidations. These are prices where people would actually remember, since fibo is about history price.
just my 2 cents here's how i would draw on GJ, if i would trade on it. Attached thumbnail(s) 
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Sep 19 2008, 06:00 PM
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Junior Member
17 posts Joined: Jun 2006
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hi there, new to this forex thingy, wanted to ask, is www.fxcm.com trustable?
or any of u can recommend me a trustable and good broker site? |
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Sep 19 2008, 06:18 PM
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Senior Member
3,141 posts Joined: Nov 2006
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fxcm is rubbish .. their latest "fees" is crazy... trustable broker would be oanda.com .. or u could ask others that use a mt4 broker..
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Sep 19 2008, 06:21 PM
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Junior Member
17 posts Joined: Jun 2006
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wat fees?
oanda software fast response? others who use mt4, or anyone that use both, which is better? |
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Sep 19 2008, 06:34 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Try use urself, onnly yourself know what you want. Test out OANDA, IBFX.com. Test this both and see what the difference.
@kelvin This is the EU that you mention? The double top? IF it is true, we need to wait for a breakout of neckline. Attached thumbnail(s) 
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Sep 19 2008, 07:59 PM
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Junior Member
432 posts Joined: Oct 2006
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hi all sifus... have u guys heard of Regal international before? Is it a good brokerage? reason i am asking is because my wife wanna work there.
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Sep 19 2008, 08:10 PM
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Junior Member
17 posts Joined: Jun 2006
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hmm, for oanda.com
do they have platform software? issit available for fxgame acc? |
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Sep 19 2008, 08:51 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Sep 19 2008, 06:34 PM) Try use urself, onnly yourself know what you want. Test out OANDA, IBFX.com. Test this both and see what the difference. hmm,... but in 4hr TF it does looks vry solid.. double pipe@kelvin This is the EU that you mention? The double top? IF it is true, we need to wait for a breakout of neckline. anyway, i'll wait any good pattern to see wats position to open... |
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Sep 19 2008, 09:00 PM
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Senior Member
2,214 posts Joined: Oct 2007
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GJ floating with +190pips. So spiky move. Guess will close it soon.
Edit: Trade CLosed This post has been edited by mphpopular: Sep 19 2008, 09:05 PM Attached thumbnail(s) 
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Sep 19 2008, 09:16 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(mphpopular @ Sep 19 2008, 09:00 PM) GJ floating with +190pips. So spiky move. Guess will close it soon. good for u... gj kills me yesterday T.TEdit: Trade CLosed m now tradin eu.. shortin protectin 5pips at min... hopin my countin this time is correct... wave 5 extention!! giv it to me!! |
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Sep 19 2008, 09:21 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EJ might sound worse now. The major trendline juz broken. If by the end of today close, or the daily candle close, the breakout is more than 3%. Guess there's a posibility to held the bump and run case, an inverted one.
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Sep 19 2008, 09:29 PM
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Senior Member
4,081 posts Joined: Aug 2005
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wa lau... close d...
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Sep 20 2008, 12:31 AM
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Junior Member
24 posts Joined: Feb 2008
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could someone introduce a good demo to practice forex? thanks.....
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Sep 20 2008, 01:41 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@mphpopular.. the double top was earlier.. i made some shorts and ran already. turned out it wasn't a double top ><
for others that want a good platform i am using oanda and i wont say that its excellent but its quite good to me due to the speedy execution.. no requotes.. |
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Sep 20 2008, 08:51 AM
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Senior Member
2,214 posts Joined: Oct 2007
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This is what I do by Fibo. Juz for learning purpose. I do this in rush, so dont take it into trade. I was in rush of time. But guess this spell out how i drag my FIBO. Wish this helps, normeck.
This is another person view on GJ by using quite number of FIBO count. http://www.forexfactory.com/showpost.php?p...ostcount=116081 This post has been edited by mphpopular: Sep 20 2008, 08:52 AM Attached thumbnail(s) 
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Sep 20 2008, 06:42 PM
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Senior Member
3,141 posts Joined: Nov 2006
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ahh so thats how fibo is drawn =) the FF chart looks complicated >< anyway mphpopular.. elliot wave.. how accurate is it ? since i notice u always spot elliot wave..
Added on September 20, 2008, 7:23 pmi received some weird PM from bonescythe.. any of u received it also? This post has been edited by kelvin_tan: Sep 20 2008, 07:23 PM |
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Sep 20 2008, 09:31 PM
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Senior Member
3,158 posts Joined: Dec 2006
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i received it too...
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Sep 20 2008, 09:59 PM
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Senior Member
3,141 posts Joined: Nov 2006
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and did u reply to him? i msged an admin pending admin reply..
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Sep 21 2008, 01:32 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(kelvin_tan @ Sep 20 2008, 09:59 PM) and did u reply to him? i msged an admin pending admin reply.. heheh... same here as well ^.^ but i malas reply him wow...m still learnin how's does d indicator's for ZUP works... quite difficult for newbie... damn.... @normeck, do u noe how's DT mode works? i still tryin to find out how it works leh.. T.T |
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Sep 21 2008, 01:34 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(low yat 82 @ Sep 21 2008, 01:32 AM) heheh... same here as well ^.^ but i malas reply him wah..bro..just done clubbing? wow...m still learnin how's does d indicator's for ZUP works... quite difficult for newbie... damn.... @normeck, do u noe how's DT mode works? i still tryin to find out how it works leh.. T.T dont depend too much on indicators ler...no good...IMO... |
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Sep 21 2008, 01:54 AM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(small-jeff @ Sep 21 2008, 01:34 AM) wah..bro..just done clubbing? nop... readin ab larry pesevanto's pattern n d indicator T.Tdont depend too much on indicators ler...no good...IMO... hmm... i think this 1 shud b ok since its actually derived from d 'golden section' moreover, these system n pattern has been longed tested.. edited; now, i need to understand y d proggramer use certain no n couple it wit chart pattern.. This post has been edited by low yat 82: Sep 21 2008, 01:59 AM |
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Sep 21 2008, 11:46 AM
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Junior Member
369 posts Joined: Jun 2008
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Hmm, who is this larry pesevanto fella that you guys are talking about?
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Sep 21 2008, 12:24 PM
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Senior Member
3,141 posts Joined: Nov 2006
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haha yes i'm interested also.. u guys studying others trading styles? what about ur own trading style ?
Added on September 21, 2008, 1:37 pm@zzdanzz scroll back a few pages n read. apparently a user posted that fxcm is charging $13.50 per 0.1 lot ordered on the GJ pair. This post has been edited by kelvin_tan: Sep 21 2008, 01:37 PM |
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Sep 21 2008, 02:52 PM
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Senior Member
3,158 posts Joined: Dec 2006
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i dont reply his email
and what is DT? |
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Sep 21 2008, 04:40 PM
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Junior Member
171 posts Joined: Apr 2008
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hi..i'm currently a student would like to know how forex work...any guide from u all..i read thru all 20 pages..u all really expert.. if could teach me how to play forex i will be more appreciate.. thank you
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Sep 21 2008, 06:14 PM
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Senior Member
4,081 posts Joined: Aug 2005
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QUOTE(AskDS @ Sep 21 2008, 11:46 AM) Hmm, who is this larry pesevanto fella that you guys are talking about? wa lau... go google lar... d other except in this field is scott carneyQUOTE(normeck @ Sep 21 2008, 02:52 PM) i dont reply his email hm... DT mode is something like triple 3 screenin... where u actually plot all d zup from diffrent TF into 1 chart..and what is DT? QUOTE(junkeat @ Sep 21 2008, 04:40 PM) hi..i'm currently a student would like to know how forex work...any guide from u all..i read thru all 20 pages..u all really expert.. if could teach me how to play forex i will be more appreciate.. thank you hmm... go babypips.com 1st... |
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Sep 21 2008, 10:59 PM
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Newbie
4 posts Joined: Apr 2006
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Hi all,
Been wanting the try Oanda the past 2-3 days. But somehow the website has really slow response . Is this normal, or is it something to do with my browser. I am using Mozzila. |
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Sep 22 2008, 12:55 AM
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Senior Member
3,141 posts Joined: Nov 2006
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They are having a maintenance thats y its slow.. u may wanna try it again today..
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Sep 22 2008, 01:16 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Hello guys,
Sorry for being away, was focusing on my equities instead. Anyways, i am ready go back in and purchase euro/yen. Maybe waiting for some retracement before going long. I have a bad feeling that oil will go up soon to 115-120 range; maybe its because stupid US government is bailing everyone out @ wall st and main st. 11.3 trillion dollar debt?? Damn, the USD is so grossly overvalued. |
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Sep 22 2008, 09:32 AM
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Senior Member
4,081 posts Joined: Aug 2005
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shorted gj for 206pips ^.^ well, guess from now on i'll concentrate more on this pair as its more volatile.. still got long way to go in order to cover all losses... T.T |
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Sep 22 2008, 10:38 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@lowyat82 nice.. heh what a way to start ur morning
Added on September 22, 2008, 10:43 amso little movement today.. usually once market opens in the morning.. the move is.. 100-200 pips instantly.. but somehow today so little movement This post has been edited by kelvin_tan: Sep 22 2008, 10:43 AM |
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Sep 22 2008, 11:20 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Market still wait & see mode. But eventually the bailout will happen, euro & yen crosses will all shoot up. USD become toilet paper.
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Sep 22 2008, 03:24 PM
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Senior Member
3,141 posts Joined: Nov 2006
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today market barely moving..
staying out until US open Added on September 22, 2008, 9:07 pmstill so little movement... >< Added on September 22, 2008, 10:21 pmplaying with extremely small units on the EU .. playing 1k units and scalping from there.. >< bored lol This post has been edited by kelvin_tan: Sep 22 2008, 10:21 PM |
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Sep 23 2008, 12:09 AM
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Senior Member
1,646 posts Joined: Jun 2007
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just a little thought on the TA for EU. Usually in Fibo, the move from 38.2 to 50.0 is rather violent. The price has just hit 38.2..after some minor correction, expect it to rush into the 50.0 level, but expect some resistant at the 50.0 fan, where it might for a triangle, pendant, or bull flag. It would be better to wait until it breaks the 50.0 fan resistant first.
Added on September 23, 2008, 12:11 am QUOTE(kelvin_tan @ Sep 22 2008, 03:24 PM) today market barely moving.. huh? it has moved 200 pips since i sat down at 7pm today...still not enough???staying out until US open Added on September 22, 2008, 9:07 pmstill so little movement... >< Added on September 22, 2008, 10:21 pmplaying with extremely small units on the EU .. playing 1k units and scalping from there.. >< bored lol This post has been edited by small-jeff: Sep 23 2008, 12:11 AM Attached thumbnail(s) 
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Sep 23 2008, 12:24 AM
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Senior Member
4,030 posts Joined: Apr 2008
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I am long 1.4486, 1.4570, 1.4643 as i believe usd will weaken tremendously upon the approval of the bailout legislation. Not to mention, oil might hit 115 this coming thursday.
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Sep 23 2008, 12:30 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(AdamG1981 @ Sep 23 2008, 12:24 AM) I am long 1.4486, 1.4570, 1.4643 as i believe usd will weaken tremendously upon the approval of the bailout legislation. Not to mention, oil might hit 115 this coming thursday. wah..rich guy careful a pullback bro... |
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Sep 23 2008, 12:36 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(small-jeff @ Sep 22 2008, 09:30 AM) wah..rich guy Thanks..good luck to you all. careful a pullback bro... |
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Sep 23 2008, 01:07 AM
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Junior Member
369 posts Joined: Jun 2008
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Nice trade. Look for peak at around 1.4778 before it retrace. I got out too early as I am tired and has no mode to follow it.
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Sep 23 2008, 01:52 AM
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Junior Member
41 posts Joined: Sep 2008 From: Petaling Jaya
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i-City is prepared to offer FREE Conference Room Facilities for Forex / Futures Trading Workshops with Wireless Super Broadband at NO COST.
Meeting rooms also available for traders to trade using Super Broadband for FREE. Would anybody be interested? www.i-City.my This post has been edited by ricky88: Sep 23 2008, 01:53 AM |
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Sep 23 2008, 03:16 AM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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i think all major currency on d track now... just follow the trend
good luck all...!! |
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Sep 23 2008, 08:38 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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I am looking for a pull back to long. Seems harder to find it since 4460s.
This whole thing is what I have been keep saying when the USD make all the nice bullish move in the past weeks. However, I do believe there is some Europe bank that follow the same fate as US bank, just that they have been covering their problems pretty well up. I am not very sure when their gonna burst out from the dark. Just be careful with ur longs high up here. This post has been edited by billytong: Sep 23 2008, 08:52 AM |
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Sep 23 2008, 09:17 AM
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Senior Member
3,158 posts Joined: Dec 2006
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im on leave for forex....now stuck at SELL 189.94...zzzz.....
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Sep 23 2008, 10:45 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(normeck @ Sep 23 2008, 09:17 AM) im on leave for forex....now stuck at SELL 189.94...zzzz..... then u have to pray USA economy go deeper and Dow jones crash down 300-500points and the world follows it. At this moment I think it is possible but if US Treasury comes out any kinds of "stimulus" plan to save their economy and look "promising" then ur short might be in trouble. |
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Sep 23 2008, 11:54 AM
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Senior Member
3,141 posts Joined: Nov 2006
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200 pips on GJ or what? coz i dun touch the GJ pair anymore due to being burnt ><
Added on September 23, 2008, 1:03 pmlooks like kevler's chart on GJ retracement up till 198 is right on the money.. This post has been edited by kelvin_tan: Sep 23 2008, 01:03 PM |
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Sep 23 2008, 01:15 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Closed all long positions for Euro. Bail out talks might be delayed as Democrats are desperate to help homeowners.
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Sep 23 2008, 02:08 PM
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Junior Member
17 posts Joined: Jun 2006
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hmm, i realize that oanda dun provide transfer to RM,
so how do we retrieve the funds if we want to? wat bank is recommended? |
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Sep 23 2008, 02:19 PM
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Senior Member
3,141 posts Joined: Nov 2006
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open a foreign currency account.. i asked maybank n they say any incoming funds will be automatically be changed into RM
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Sep 23 2008, 03:04 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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retracement would happen
Chart = GJ 1hour  Added on September 23, 2008, 3:48 pmchart = UJ 4hrs i saw Down trend Only 2 consecutive trends are down, starting with the Minor wave degree, interesting for active traders, and most conservative targets are already reached. Minimally 2 consecutive trends down are required to go Short. The more wave degrees get in line and turn down the higher the probabilities.  This post has been edited by kevler: Sep 23 2008, 03:48 PM |
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Sep 23 2008, 04:09 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(AdamG1981 @ Sep 23 2008, 01:15 PM) Closed all long positions for Euro. Bail out talks might be delayed as Democrats are desperate to help homeowners. Nice job. the USD superbull is obviously a manipulation due to low liquidity. Right now the price action with the bad euro data, it seems dont really hurt the euro drop, this is something we see like the olden days euro. I still think there is a potential we gonna hit 1.5 soon. |
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Sep 23 2008, 04:22 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(billytong @ Sep 23 2008, 04:09 PM) Nice job. the USD superbull is obviously a manipulation due to low liquidity. Right now the price action with the bad euro data, it seems dont really hurt the euro drop, this is something we see like the olden days euro. maybe this analysis will help us all to swim EU market I still think there is a potential we gonna hit 1.5 soon. Chart = EU 1hour Current trend = Uptrend Only 2 consecutive trends are up, starting with the Minuette wave degree, interesting for very active daytraders, and most conservative targets are already reached. Minimally 2 consecutive trends up are required to go long. The more wave degrees get in line and turn up the higher the probabilities.  |
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Sep 23 2008, 04:23 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i dun really understand by "The more wave degrees get in line and turn up the higher the probabilities." .. care to explain?
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Sep 23 2008, 04:27 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 23 2008, 04:23 PM) i dun really understand by "The more wave degrees get in line and turn up the higher the probabilities." .. care to explain? it means , if more wave count reveal in the chart , more chances we able to see in the next market move try to learn basic wave first ..then u will know how to surf the market |
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Sep 23 2008, 04:30 PM
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Senior Member
3,141 posts Joined: Nov 2006
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heh i'm still a newbie
anyway care to share with me a website about this wave thingy ? i only know elliot wave and i dont think its relevant to what u are explaining ><Added on September 23, 2008, 5:03 pmbeen holding my long on EJ for longer then i would have liked.. its staying at +15 pips to -15 pips area... and EU seems to be going down .. i longed it ..Added on September 23, 2008, 5:50 pmclosed EJ with a 0.1 pip gain.. too risky to hold.. Added on September 23, 2008, 6:40 pmClosed EU with +77 pips This post has been edited by kelvin_tan: Sep 23 2008, 06:40 PM |
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Sep 23 2008, 08:33 PM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(kevler @ Sep 23 2008, 03:04 PM) retracement would happen Looks like it's still deciding where to go next...Chart = GJ 1hour |
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Sep 23 2008, 09:01 PM
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Senior Member
3,141 posts Joined: Nov 2006
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the market today.. somehow no clear sign of where it is going for most currencies..
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Sep 23 2008, 10:21 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(howszat @ Sep 23 2008, 08:33 PM) Looks like it's still deciding where to go next... right now . GJ is sideway ...from what i see on the chart ..it will retrace , expecting more 100 pips p/s trade what u see on the chart , not what u think .. it will reflect your judgment . Write it down |
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Sep 23 2008, 10:24 PM
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Senior Member
3,141 posts Joined: Nov 2006
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heh kevlar.. hows ur account now? managed to pull another 3000% ?
u'll be filthy rich if ur 1k manage to do that ^^ |
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Sep 23 2008, 11:09 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 23 2008, 10:24 PM) heh kevlar.. hows ur account now? managed to pull another 3000% ? still ok , but not active like i did before ...sometimes i need to have a break from work ..so that i'm able to focus on charting and wave count u'll be filthy rich if ur 1k manage to do that ^^ |
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Sep 23 2008, 11:26 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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hai all.. long time not post any SS...
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Sep 24 2008, 12:21 AM
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Senior Member
4,030 posts Joined: Apr 2008
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I wouldn't place any big trades this week; in fact it be safer to stay on the sidelines since there's an impasse @ capitol hill.
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Sep 24 2008, 03:56 AM
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Junior Member
129 posts Joined: Sep 2006
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Just wonder anyone here come across Forex website called "Avafx"? My friend recommend this to me and I doubt its reliability and don know whether it's trustable or not.
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Sep 24 2008, 10:58 AM
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Senior Member
3,141 posts Joined: Nov 2006
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yes i've heard of avafx during my search for a good broker.. but i'm not sure about its reliability.. u want reliability 1st thing to do is check if they are registered with cftc and nfa.. next is check their net capital requirement.. reliable ones should exceed a minimum of 15million
Added on September 24, 2008, 11:12 amshort both EU and EJ on speculation it will weaken.. bought extremely small units to test market This post has been edited by kelvin_tan: Sep 24 2008, 11:12 AM |
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Sep 24 2008, 11:57 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Hello there,
My trade today, EUR/JPY Sell: 154.45 T/P: 152.55 Currently still 155.xxx The trend is down trend, hope can profit. Normally you guys hold how long for intraday? A few hours? |
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Sep 24 2008, 12:54 PM
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Senior Member
2,932 posts Joined: Sep 2007
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Avafx demo account is for 21 days only. Considering other demo accounts are unlimited, I didn't go any further after their first email mentioning the 21 days.
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Sep 24 2008, 01:13 PM
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Senior Member
3,141 posts Joined: Nov 2006
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intraday ? hold as long as possible la
.. keep adjusting ur SL |
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Sep 24 2008, 01:22 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(kelvin_tan @ Sep 24 2008, 01:13 PM) intraday ? hold as long as possible la Thanks, still holding. Don't know have to wait until when... keep adjusting ur SL |
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Sep 24 2008, 02:07 PM
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Senior Member
3,141 posts Joined: Nov 2006
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r u on demo or on live ? u sound very impatient >< relax.. just adjust ur SL.. or use trailing stop.. that way u wont have to worry.. i short EJ as well.. bu my position isn't as good as yours..
Added on September 24, 2008, 2:09 pmhit my SL... earned 5 pips Added on September 24, 2008, 2:21 pmbulkbiz i think ur SL has been hit right now? >< This post has been edited by kelvin_tan: Sep 24 2008, 02:21 PM |
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Sep 24 2008, 02:49 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(bulkbiz @ Sep 23 2008, 10:22 PM) Thanks, still holding. Don't know have to wait until when. Rule number 1, CUT LOSS, and protect your capital at all cost.Bought GOLD futures @ 884.75 This post has been edited by AdamG1981: Sep 24 2008, 02:49 PM |
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Sep 24 2008, 02:52 PM
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Senior Member
3,141 posts Joined: Nov 2006
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wow adam >< gold.. ouchie.. i thought mt4 platform also offers gold/silver ?
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Sep 24 2008, 02:54 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 23 2008, 11:52 PM) wow adam >< gold.. ouchie.. i thought mt4 platform also offers gold/silver ? I can't find it though? Do yours have it?Yeah, GOLD is the only REAL asset i can trust right now. Screw the USD. Watch for nymex and gold to rally tonight. |
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Sep 24 2008, 02:59 PM
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Junior Member
103 posts Joined: Jul 2008
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Sep 24 2008, 03:03 PM
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Junior Member
129 posts Joined: Sep 2006
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QUOTE(kelvin_tan @ Sep 24 2008, 10:58 AM) yes i've heard of avafx during my search for a good broker.. but i'm not sure about its reliability.. u want reliability 1st thing to do is check if they are registered with cftc and nfa.. next is check their net capital requirement.. reliable ones should exceed a minimum of 15million how and where to check whether they are registered wiith cftc and nfa? Thx.Added on September 24, 2008, 11:12 amshort both EU and EJ on speculation it will weaken.. bought extremely small units to test market |
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Sep 24 2008, 03:05 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(AdamG1981 @ Sep 24 2008, 02:54 PM) I can't find it though? Do yours have it? I am shorting the Eu for the German ifo for mini profit. gonna run and get out b4 tonight mayhem.Yeah, GOLD is the only REAL asset i can trust right now. Screw the USD. Watch for nymex and gold to rally tonight. |
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Sep 24 2008, 03:09 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Sep 24 2008, 12:05 AM) I am shorting the Eu for the German ifo for mini profit. gonna run and get out b4 tonight mayhem. Yeah, you might get couple of pips there, and like you said tonight will be dramatic mayhem when everybody rushes to commodities.This post has been edited by AdamG1981: Sep 24 2008, 03:10 PM |
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Sep 24 2008, 03:32 PM
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Senior Member
3,141 posts Joined: Nov 2006
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adam i'm using odl for my mt4.. yes they offer gold n silver.. >< oanda also offers them
@liangko google cftc and nfa.. then go to the website n check Added on September 24, 2008, 3:39 pmwhat mayhem r we talking bout actually? bernanke speech? Added on September 24, 2008, 3:53 pmrecovering from a bad burn on the EJ (-53pips ) .. T_T .. i need to improve my timing of entry.. now +40 pips with EJ with a slightly bigger lot.. 3288 units.. Added on September 24, 2008, 3:57 pmClosed EJ with +45 pips.. This post has been edited by kelvin_tan: Sep 24 2008, 03:57 PM |
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Sep 24 2008, 04:03 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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Pack my bags & run away with my Eu short for 80pips profit, gaming mouse sure works
(just kidding) that 463x area was quick dip. I will be fainted if streamyx disconnect that time.This post has been edited by billytong: Sep 24 2008, 04:10 PM |
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Sep 24 2008, 04:09 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Sep 24 2008, 01:03 AM) Run my Eu short with 80pips profit, gaming mouse sure works LOL!!!!!!!!!! (just kidding) that 463x area was quick dip. I will be fainted if streamyx disconnect that time. Streamyx sucks...that's one of my biggest fears.. |
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Sep 24 2008, 09:48 PM
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Senior Member
3,141 posts Joined: Nov 2006
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anybody shorted EJ and is still holding is in for a treat
it just spiked downwards nicely heh.. unable to pierce the 38.2 fibo on the daily chart.. probably should short it somemore |
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Sep 24 2008, 10:03 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(kelvin_tan @ Sep 24 2008, 09:48 PM) anybody shorted EJ and is still holding is in for a treat Pray dow jones/ wall street crash, if not u crash. it just spiked downwards nicely heh.. unable to pierce the 38.2 fibo on the daily chart.. probably should short it somemore Wall street should be crashing soon. |
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Sep 24 2008, 10:13 PM
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Senior Member
3,141 posts Joined: Nov 2006
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how does dow jones correlate ar? i never knew ><
Added on September 24, 2008, 10:15 pmright on the money EJ is going down down downAdded on September 24, 2008, 10:18 pm@!#$%@#$%$$! hit my SL !!! earned but it aint enough oh well.. today has been a crazy day.. burnt on EJ n also recover and gain on EJ..This post has been edited by kelvin_tan: Sep 24 2008, 10:18 PM |
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Sep 24 2008, 10:36 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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eu gu downtrend sustained for couple of hour... than goin UT track again.
just from my "sengal kira2",,hu hu. |
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Sep 24 2008, 10:53 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Made money on GOLD on the way up. You guys are watching CNBC? Congress ask Ben if 150 billion is enough? hahaha
DOW JONES GOING DOWN! |
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Sep 24 2008, 11:06 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hahaha..arent they asking for 700bil? then reduce to 500bil? yeah...listening now...
wah...these 2 days...trading during speech is very difficult...luckily i just closed my short on EU...aih...sit here whole day...earning lilttle little...capital not enough...makes it more difficult... it recoils worse than ak47... This post has been edited by small-jeff: Sep 24 2008, 11:07 PM |
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Sep 24 2008, 11:09 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(small-jeff @ Sep 24 2008, 08:06 AM) hahaha..arent they asking for 700bil? then reduce to 500bil? yeah...listening now... Yeah, most likely EU and commodities going to rally....market these days very irratic. If Congress approves for less than 700 billion, the market will take it the wrong way and hence DJIA will crash along with worldwide markets. (Even Congress is lack of confidence 700 billion will solve the crisis.) wah...these 2 days...trading during speech is very difficult...luckily i just closed my short on EU...aih...sit here whole day...earning lilttle little...capital not enough...makes it more difficult... it recoils worse than ak47...  |
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Sep 24 2008, 11:18 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(AdamG1981 @ Sep 24 2008, 11:09 PM) Yeah, most likely EU and commodities going to rally....market these days very irratic. If Congress approves for less than 700 billion, the market will take it the wrong way and hence DJIA will crash along with worldwide markets. (Even Congress is lack of confidence 700 billion will solve the crisis.) haha...and he says that pumping out $700bil wouldnt cause inflation...hm..worse to worse, money would just head to t-bill and gold... you trade on commodities? how much is your initial capital? closing my platform...after 3 hours, it gone back to the consolidation zone...too tiring to scalp Added on September 24, 2008, 11:20 pmbut honestly, isnt providing fiscal stimulus better? now they're like helping wall street more than the ppl... This post has been edited by small-jeff: Sep 24 2008, 11:20 PM |
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Sep 24 2008, 11:40 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(small-jeff @ Sep 24 2008, 08:18 AM) haha...and he says that pumping out $700bil wouldnt cause inflation...hm..worse to worse, money would just head to t-bill and gold... I speculate on mini gold. Either way, Congress is in a bind. IF Congress fails to rescue, Wall St crashes. If congress does rescue, how much will they approve ? 700 B, 500 B, or 150 B? Who knows at this point.you trade on commodities? how much is your initial capital? closing my platform...after 3 hours, it gone back to the consolidation zone...too tiring to scalp Added on September 24, 2008, 11:20 pmbut honestly, isnt providing fiscal stimulus better? now they're like helping wall street more than the ppl... My initial capital is 10,000 usd. This post has been edited by AdamG1981: Sep 24 2008, 11:41 PM |
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Sep 25 2008, 12:58 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(kelvin_tan @ Sep 24 2008, 02:07 PM) r u on demo or on live ? u sound very impatient >< relax.. just adjust ur SL.. or use trailing stop.. that way u wont have to worry.. i short EJ as well.. bu my position isn't as good as yours.. Hit my SL....lost bad....anyone who buy EUR/JPY sure earn big bucks....darn it.....Added on September 24, 2008, 2:09 pmhit my SL... earned 5 pips Added on September 24, 2008, 2:21 pmbulkbiz i think ur SL has been hit right now? >< |
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Sep 25 2008, 02:03 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(bulkbiz @ Sep 24 2008, 09:58 AM) Hit my SL....lost bad....anyone who buy EUR/JPY sure earn big bucks....darn it..... These are the lessons you paid for. Learn it and be wiser. When the trade is against you, cut loss and rethink on your previous trade. |
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Sep 25 2008, 05:41 AM
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Senior Member
1,008 posts Joined: Nov 2007 From: Gombak,serdang
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I buy GRB/USD at 1.7550.. to bad im set my SL to high already sell it at 1.7540.. now 1.8463...
If I keep it till today and sell it now. is that mean I will earn $4656 if I trade total of $50G USD? |
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Sep 25 2008, 08:40 AM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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can anyone explain,y the graph oni got little movement. very small movement oni.
the candlestick all kecik kecik. |
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Sep 25 2008, 10:04 AM
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Senior Member
3,141 posts Joined: Nov 2006
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@mousepad87
there is no IF in forex.. if if if.. if only i knew the future i would be rich ... @bulkbiz y did u losE? u didn't adjust ur SL to be +1 pip after the trade went ur way? |
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Sep 25 2008, 10:09 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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i saw EU,GU,UJ,UCAD,AU,NZUSD is sideway now ..i can't see any good movement right now
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Sep 25 2008, 10:22 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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any good trades today? mind to share? hehe
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Sep 25 2008, 10:24 AM
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Junior Member
103 posts Joined: Jul 2008
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now it better to look at higher timeframe e.g 4 hourly for direction , then trade on hourly chart.
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Sep 25 2008, 10:26 AM
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Senior Member
3,141 posts Joined: Nov 2006
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lol... too early to say..but i wouldn't long any USD.. USD is in deep shit..
i just longed GU at 1.85558.. lets c where this goes.. i think it will hit the 50% fibo on the daily chart Added on September 25, 2008, 10:40 am GU heading the way i want it to go.. now modify SL to +1 pip.. ^^ going out for breakfast now.. happy pipping guys !Added on September 25, 2008, 10:41 amkevler... what about EJ ? I'm seeing an uptrend but correct me if i'm wrong.. This post has been edited by kelvin_tan: Sep 25 2008, 10:41 AM |
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Sep 25 2008, 11:07 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(kelvin_tan @ Sep 25 2008, 10:26 AM) lol... too early to say..but i wouldn't long any USD.. USD is in deep shit.. Wao kelvin, fat lunch today....1.85909 oredi, may I follow your next trade....i just longed GU at 1.85558.. lets c where this goes.. i think it will hit the 50% fibo on the daily chart Added on September 25, 2008, 10:40 am GU heading the way i want it to go.. now modify SL to +1 pip.. ^^ going out for breakfast now.. happy pipping guys !Added on September 25, 2008, 10:41 amkevler... what about EJ ? I'm seeing an uptrend but correct me if i'm wrong.. This post has been edited by bulkbiz: Sep 25 2008, 11:07 AM |
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Sep 25 2008, 11:31 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 25 2008, 10:26 AM) Added on September 25, 2008, 10:41 amkevler... what about EJ ? I'm seeing an uptrend but correct me if i'm wrong.. but for EJ 4hour chart , more interesting ...the movement is uptrend , and expecting going to 165.xx , or more specifically , rallying to Wave 2 once the market break 158.xx , i will start to buy on EJ ..huhu |
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Sep 25 2008, 11:36 AM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(AdamG1981 @ Sep 24 2008, 11:40 PM) I speculate on mini gold. Either way, Congress is in a bind. IF Congress fails to rescue, Wall St crashes. If congress does rescue, how much will they approve ? 700 B, 500 B, or 150 B? Who knows at this point. IMO, any move whether 700B or 150B is USD -ve.My initial capital is 10,000 usd. 150B and buy all the bail out plan will be USD -ve in short term. But probably will be good for USA in long term. It shows the US gov is buying the debt on those bankcrupt bank @ the dirty cheap price. From the investment point of view in long term. It is good but the market will lose its confidence due to il-liquid thus Dow jones crash or USD -ve. 700B is not a good price to buy those bail out. You dont buy things above market value to bail out. It is pure stupidity. Bankers take risk over leverage themselves and now they are in trouble and expect the tax payer to absorb the cost and buy their worthless asset @ billions of dollars? It is ridiculous. Members @ the Capitol hill like Ron Paul did point the root cause of the problem. The housing is correcting to the "actual" price base on the market value. But the FED & treasury is trying to fix the price @ above market value and expecting the market to buy those. if that 700B didnt work out, I am very sure the USA will end itself as world economy power, then we will be looking for china burst after that. Bernanke & Paulson must be study economics from the backyard. Are they really dumb or what? When these people actually learn? Again putting US treasury into deeper debt only means printing more USD. We all know printing more USD is very USD -ve. As for EU there has been talks about putting pressure on ECB to cut rates. So the EU is a mix data right now. I have yet to see a large bank failure in europe. I looking to see one of this event happen either end of 2008 or 2009. This post has been edited by billytong: Sep 25 2008, 12:20 PM |
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Sep 25 2008, 11:51 AM
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Senior Member
3,141 posts Joined: Nov 2006
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dammit was out for breakfast... from +40 pips become +5 pips T_T
Added on September 25, 2008, 11:57 ami'm not trusting any USD movements for some time.. longed EU 1.47052 Added on September 25, 2008, 12:00 pmdaily chart for EJ is showing resistance for a few days at the 38.2 fibo.. once it goes through i'm going to long it.. This post has been edited by kelvin_tan: Sep 25 2008, 12:00 PM |
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Sep 25 2008, 12:03 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(kelvin_tan @ Sep 25 2008, 11:51 AM) dammit was out for breakfast... from +40 pips become +5 pips T_T i saw bullish movement on EU market ...expecting to completing subwave-5 within wave 5 , once it break 1.4895 , it will go further up 1.5085Added on September 25, 2008, 11:57 ami'm not trusting any USD movements for some time.. longed EU 1.47052 p/s god's will |
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Sep 25 2008, 12:11 PM
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Senior Member
3,141 posts Joined: Nov 2006
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heh.. i saw it too..but lets not hope its our day eh?
Added on September 25, 2008, 12:13 pmkinda sad my about my GU trade though.. could have retired for the day as my target profit of 1% on current account was achieved >< Added on September 25, 2008, 12:25 pmEU going up.. SL at +1 pip Added on September 25, 2008, 12:28 pm... hit my SL already... Added on September 25, 2008, 12:32 pmlong again on EU Added on September 25, 2008, 1:03 pmbeing hesitant when u see something positive sure sux ! i missed my EJ entry.. This post has been edited by kelvin_tan: Sep 25 2008, 01:03 PM |
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Sep 25 2008, 01:10 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kevler @ Sep 24 2008, 09:03 PM) i saw bullish movement on EU market ...expecting to completing subwave-5 within wave 5 , once it break 1.4895 , it will go further up 1.5085 Yes, you are right. IF EU doesn't break 1.46, it is consider very bullish; especially in these volatile and illiquid market.p/s god's will |
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Sep 25 2008, 01:12 PM
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Senior Member
3,141 posts Joined: Nov 2006
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finally it moved upwards.. waited so long .. >< missed my EJ entry T_T !!! hesitantcy is the mother of most screwed up things in terms of forex for me.. >< sure i've been saved once or twice being hesitant but i lost more then 10 good trades due to being hesitant..
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Sep 25 2008, 01:19 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 24 2008, 10:12 PM) finally it moved upwards.. waited so long .. >< missed my EJ entry T_T !!! hesitantcy is the mother of most screwed up things in terms of forex for me.. >< sure i've been saved once or twice being hesitant but i lost more then 10 good trades due to being hesitant.. I long 1.4727, TP at 1.48 |
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Sep 25 2008, 01:26 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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We are in the tight range of 4730 to 4600. Nothing will happen until that 700B issue resolve or something happen in Europe.
Basically the scalping plan is short the 4730s, TP and buy when it enters the 46xx range. This post has been edited by billytong: Sep 25 2008, 01:29 PM |
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Sep 25 2008, 01:29 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Euro breakout is approaching.
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Sep 25 2008, 01:35 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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No worries, I cut my short @ BE @ 30
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Sep 25 2008, 01:44 PM
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Senior Member
4,030 posts Joined: Apr 2008
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New home sales is the key here; might cause euro to rise quickly.
Added on September 25, 2008, 1:55 pmAnd durable goods. This post has been edited by AdamG1981: Sep 25 2008, 01:55 PM |
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Sep 25 2008, 02:36 PM
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Senior Member
3,141 posts Joined: Nov 2006
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my long on EU and EJ is paying off after it stayed negative for 1hour+ >< anyway adam how long ur gonna keep ur position ? until tonights release ?
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Sep 25 2008, 02:39 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 24 2008, 11:36 PM) my long on EU and EJ is paying off after it stayed negative for 1hour+ >< anyway adam how long ur gonna keep ur position ? until tonights release ? Until it hits 1.50 |
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Sep 25 2008, 02:46 PM
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Senior Member
3,141 posts Joined: Nov 2006
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wow? whats ur SL ?
This post has been edited by kelvin_tan: Sep 25 2008, 02:46 PM |
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Sep 25 2008, 02:59 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 24 2008, 11:46 PM) wow? whats ur SL ? 1.4627 |
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Sep 25 2008, 03:06 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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hu hu as i expect yesterday... GU & EU goin on UT track again..
today ss.. 
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Sep 25 2008, 03:07 PM
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Senior Member
3,141 posts Joined: Nov 2006
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nice.. i sold both my EJ and EU already.. both of it made 3% of my account already.. i dun dare to SL 100 pips >< my account isn't big enough.. anyway do u cover ur position once u gain lets say 30pips? would u change ur SL to +1 pip ?
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Sep 25 2008, 03:17 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 25 2008, 12:07 AM) nice.. i sold both my EJ and EU already.. both of it made 3% of my account already.. i dun dare to SL 100 pips >< my account isn't big enough.. anyway do u cover ur position once u gain lets say 30pips? would u change ur SL to +1 pip ? I am going to add one more long for EU.Added on September 25, 2008, 3:24 pmNow 1.47, very cheap to buy euro, wait till the new home sales and durable goods order print is released... This post has been edited by AdamG1981: Sep 25 2008, 03:24 PM |
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Sep 25 2008, 03:26 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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Looking for a long here too, my short is taken out @ BE.
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Sep 25 2008, 03:26 PM
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Senior Member
3,141 posts Joined: Nov 2006
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my EJ... i longeed it again and set SL to +1 pip and it got hit T_T
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Sep 25 2008, 03:37 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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this is the 4th time I got disconnected form streamyx.
I am not playing the game especially longing euro @ 47xx. |
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Sep 25 2008, 03:51 PM
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Senior Member
3,141 posts Joined: Nov 2006
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got burnt on the EU after i tried to long it again..now longing it at the daily pivot..
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Sep 25 2008, 03:56 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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There is a very significant risk of long EU above 4700, the fire @ Eurozone is burning and anytime ECB might cut rates. We dont have a clear trend under these market condition. EU is flip floping according to what happen in the world. Who come out bad news first will decide the short term trend.
This post has been edited by billytong: Sep 25 2008, 03:57 PM |
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Sep 25 2008, 04:05 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Event risk for USD
a) Unemployment claims b) Durable goods c) New home sales d) Senate hearing |
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Sep 25 2008, 04:10 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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This week should be USD risk, but next week I will be looking to short the euro again. Trichet effect on euro, u and I also know. hehe
4723short barely close @ 09. Again my line is not good today, I am staying sideline. |
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Sep 25 2008, 04:13 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(billytong @ Sep 25 2008, 01:10 AM) This week should be USD risk, but next week I will be looking to short the euro again. Trichet effect on euro, u and I also know. hehe I'm not scalping, i am just letting it run. I still believe EURO will hit 1.48-1.50 this week. Maybe i am wrong. 4723short barely close @ 09. Again my line is not good today, I am staying sideline. |
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Sep 25 2008, 05:06 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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QUOTE(AdamG1981 @ Sep 25 2008, 04:13 PM) I'm not scalping, i am just letting it run. I still believe EURO will hit 1.48-1.50 this week. Maybe i am wrong. maybe u not wrong adam... it can be... and i pretty sure UT sustained till end of this month.. but should be small/slightly DT.Tomorrow Friday.. be caution EU GJ... anyhow anything can happen. he he |
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Sep 25 2008, 05:12 PM
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Senior Member
3,141 posts Joined: Nov 2006
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hopefully.. i got burnt earlier by the sudden DT of EU.. now regaining.. overall today still profitable ^^
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Sep 25 2008, 05:27 PM
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Senior Member
4,030 posts Joined: Apr 2008
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It's a volatile market, the fact that EU didn't manage to break 1.47 means it's very bullish. As you notice the bottom keeps on increasing. So either way we going to have a huge breakout favorable to EU unless Congress does something bullish for the dollar.
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Sep 25 2008, 05:31 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i'm buying more n more long on EU as we speak.. >< keep finding nicer spots to enter.. god willing EU goes up.. i missed my chance on GU when it hit my SL.. would have made a lot more.. now EJ with +30 pips and still holding.. c if it retraces to 50% fibo
Added on September 25, 2008, 5:39 pmhitting the 1.47 mark for EU.. will it pierce ? Added on September 25, 2008, 5:40 pmthis doesn't look good.. pierced 1.47 mark.. This post has been edited by kelvin_tan: Sep 25 2008, 05:40 PM |
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Sep 25 2008, 05:41 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Hope not, because i will cut my losses and stay on the sidelines. We'll see.
Added on September 25, 2008, 5:43 pmI see a lot of buying at 1.4694-1.47 zone. This post has been edited by AdamG1981: Sep 25 2008, 05:43 PM |
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Sep 25 2008, 05:43 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i also hope not >< i longed the EU T_T hope it doesn't hit my SL.. if it does.. there goes my todays profit..
Added on September 25, 2008, 5:43 pmback at 1.47.. whew >< This post has been edited by kelvin_tan: Sep 25 2008, 05:43 PM |
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Sep 25 2008, 05:47 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 25 2008, 02:43 AM) i also hope not >< i longed the EU T_T hope it doesn't hit my SL.. if it does.. there goes my todays profit.. The 5 minute 200 EMA is acting as a support. So far so good for the euro, the bottom has been tested 3 times and we kept the bears out.Added on September 25, 2008, 5:43 pmback at 1.47.. whew >< |
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Sep 25 2008, 05:54 PM
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Senior Member
3,141 posts Joined: Nov 2006
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my first time trading the news.. lets c if it pays off.. usually i close all my positions before news
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Sep 25 2008, 05:56 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 25 2008, 02:54 AM) my first time trading the news.. lets c if it pays off.. usually i close all my positions before news Are you sure you can handle the volatility? Very risky game you know.Added on September 25, 2008, 6:10 pmECB council member says "NO ROOM FOR RATE CUTS" http://www.cnbc.com/id/26880351 This post has been edited by AdamG1981: Sep 25 2008, 06:10 PM |
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Sep 25 2008, 06:20 PM
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Senior Member
3,141 posts Joined: Nov 2006
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well i am prepared to lose it.. but my SL isn't big.. 55 pips.. ><
Added on September 25, 2008, 6:22 pmand partially because i know the news for US isn't going to be excellent with the condition they are in .. home sales will drop again.. and with the market like that.. unemployment also Added on September 25, 2008, 6:26 pm1.47 on EU is being tested again.. This post has been edited by kelvin_tan: Sep 25 2008, 06:26 PM |
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Sep 25 2008, 06:33 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 25 2008, 03:20 AM) well i am prepared to lose it.. but my SL isn't big.. 55 pips.. >< Get ready to run. It's testing the bottom more than i would like.. It's becoming a descending triangle.Added on September 25, 2008, 6:22 pmand partially because i know the news for US isn't going to be excellent with the condition they are in .. home sales will drop again.. and with the market like that.. unemployment also Added on September 25, 2008, 6:26 pm1.47 on EU is being tested again.. This post has been edited by AdamG1981: Sep 25 2008, 06:34 PM |
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Sep 25 2008, 06:33 PM
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Senior Member
3,141 posts Joined: Nov 2006
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lol adam.. what point r u running ?
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Sep 25 2008, 06:36 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 25 2008, 03:33 AM) lol adam.. what point r u running ? Cut loss. I will stay on the sidelines Added on September 25, 2008, 6:36 pmIt's going further down. This post has been edited by AdamG1981: Sep 25 2008, 06:36 PM |
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Sep 25 2008, 06:36 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i will wait a bit...
Added on September 25, 2008, 6:40 pmdamm its really extremely volatile.. wonder if i can take this until 8.30pm.. This post has been edited by kelvin_tan: Sep 25 2008, 06:40 PM |
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Sep 25 2008, 06:47 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(kelvin_tan @ Sep 25 2008, 03:36 AM) i will wait a bit... Good luck, i will purchase some equities instead Added on September 25, 2008, 6:40 pmdamm its really extremely volatile.. wonder if i can take this until 8.30pm.. |
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Sep 25 2008, 06:49 PM
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Senior Member
3,141 posts Joined: Nov 2006
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hit SL... =(
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Sep 25 2008, 06:49 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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got some profits from selling GU. 60pips. oni USD$100.
hey most of u using wat broker?i think almost time for me to graduate from demo.  |
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Sep 25 2008, 06:52 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Kelvin, that's why when i tell you i am running you should run liao mah...
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Sep 25 2008, 07:01 PM
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Senior Member
3,141 posts Joined: Nov 2006
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haha i thought differently >< learnt my lesson the hard way ..
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Sep 25 2008, 07:04 PM
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Junior Member
103 posts Joined: Jul 2008
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if you look at 15min for EU , there a head and shoulder formation
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