Hehe... i just started on demo about 2 days now. Being guided slowly by my friends. I'm playing eur/usd... Any general tips?

G/Y looks moving sideways. Got 86 pips before that. It was a continuation of a previous trend imho, which move about 130 pips before retracing up for a fake reversal

btw.. i just start trading for 2 days after about 3 month of training..

Looks like another fake breakout for GJ at 7.30am this morning. Its moving up now and hopefully will continues to go up. The fake breakout might probably be the market trying to flush all the bears out before the bulls comes in as Japan enter market.

Waiting for first retracement to flush the remain bears, then will probably enter long once that happen.

*fingers cross*

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Added on November 12, 2008, 9:23 amUpdate:

Retracement somewhere at 8.45am as hoped. Strength of trend looks quite strong. Now waiting for confirmation of trend with a crossover. Should happen within 1-2 hours.

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Added on November 12, 2008, 10:17 amUpdate 2:

Enter trade for G/J on a long.

Stop trade to breakeven.

This post has been edited by WhitE LighteR: Nov 12 2008, 02:17 PM

I dont think that is what forex is suppose to do

i started mine wit just RM300 at oanda

Im not in any way recommending this company. I'm just here to share this with you. My uncle are investing with them currently for Forex. They say you can expect 50% return of investment in 2 years.

Here is the address:

http://www.natpac-group.com/

This growth rate is with how much capital? If its with USD10k than its actually pretty good.. but if its USD100k than diff story d.

yea.. if he plus minus after all the trades and getting tht much still.. consider really quite good d.

I'm also interested on how he analyze the charts. Maybe he can blog it out

This post has been edited by WhitE LighteR: Nov 13 2008, 04:28 PM

My focus is mostly on GY. I notice most trade happen as London n NY in market which is at nite mostly. Got any suggestion of any other currency which i can trade in between? Thanks.

Yes. its possible. There are many brokers out there. The best is you find someone to recommend and teach you how to set up your account. Most online brokers give you demo account for you to play around. Its basically recommend you practice on a demo account for 6 month before you go with real money. Most just take 3 month or less coz they feel impatient.

Say thanks. See.. at least i nvr ask you to google. Coz i know personally tht doesnt work especially in this kind of thing.

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Added on November 14, 2008, 12:12 pmOh.. btw.. sharp increase in the last 2 hours before NY close. Really unexpected as there is not even a singal sign to indicate it.

This post has been edited by WhitE LighteR: Nov 14 2008, 12:12 PM

Damn.. i wish that was true

The only style of trading i know is swing trade. I dont know any other style. Tried others but dong dong here and there end up making less profit nia. But im still in the green la... but just very little nia.

The last two days damn sakit. It shoot up without any sign on Thursday and Friday moving sideways but shooting up and down like crazy. Made a few losses there...

I realize we shouldn't trade on Friday a long time ago... especially on Friday nite. I need to start following my own advice d

GJ is moving so erratic with no steady definite direction wutsoever....

GJ is retracing downwards. Hopefully its a small retrace and a huge up climb...

learn slowly.. no rush.. try on a demo account first

GJ can move either way rite now i think. Up on an hourly chart and down on a 15 min chart

just for your information, im using oanda. i use this simply coz my fren who i pick this up is using the same one too...

im playing GJ still long on hourly chart.

I've close yesterday long of GJ wit a small profit. Now waiting for it to breakout totally of the resistance level before resuming buy again. If all goes well this might be a week long buy mode I really dun like paying interest on a short

This post has been edited by WhitE LighteR: Nov 18 2008, 10:14 AM

im trailing GJ on long... BUTTTT.. its making a double top I'm keeping it on a very tight trail. BUTTT.. its also on the line of a Fibo fan which now acting as resistance... I crossing my finger now for it to break resistance n continue long. But the double top and 4th wave movement isn't on my side

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Added on November 19, 2008, 2:09 amOh nuuu~~ it drop to short

This post has been edited by WhitE LighteR: Nov 19 2008, 02:09 AM