Haha, i missed out Euro's DT...now long euro.

C'mon guys, you all know that FED Is going to cut IR if the credit market still seizes...

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Added on October 1, 2008, 4:29 pmBail out pass, euro goes up, dollar becomes toilet paper...

Bail out fails, investors rush to T BILLS, dollar STRONG, euro becomes toilet paper...

So funny...

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Added on October 1, 2008, 4:38 pmI'm accumulating my euro longss.......See you at 1.45 next week.

Candlestick Charting Explained - Gregory L. Morris

that's a good book, can google it up ...but must remember hor, cannot confuse candlesticks of stocks with forex...forex candlesticks shouldnt have gaps other than weekly chart, cause it's 24/5

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Added on October 2, 2008, 10:08 pmwah lao...you all earn so many pips...

hm...like what shown in the chart i posted, it's now at the 61.8 level, as it might most probably hang on to this level for a while (some choppy move). what i meant was, it'll be rather difficult to reach 74.6 at about 1.33xx, as ECB will take steps or make some announcements. It may further challenge 61.8, but i'd say most likely it'll go 1/3 towards 74.6 before bouncing off.

added a 74.6 fanline to the chart

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Added on October 2, 2008, 11:39 pmadd on a 5M chart for better view...

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Added on October 2, 2008, 11:43 pm

hm..IMO, if the chart shows gaps, it means the server is either slow to the reaction, or the opening of a new candlestick is slow. This would be apparent when we look at mt4 charts, and to charts like fxcm's.

Asian's country economy keep dropping. and the oil barrel price drop until USD$88.50 per barrel.    but y our petrol still expensive and food also.
The world are having economy crisis.

@mphpopular
i want consistency not gambling.. i'm looking for a much smaller gain compared to u guys.. i'm looking for about 1% a day while most of u make about 8-10% a day and sometimes 15% on good days... my good days is about 5% thats it..

tried that once, never tried it again..

i prefer more on a healthy move, with corrections along the way. Seems like Japan never did recover since late 1990s...

Good article    I nvr read it b4. It stated very details which pair correlated with which item, and also the reason. Its worth to have a read guys.

Strongly recommended from me, juz spend 2 min and read it out, and do some small notes.

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Added on October 8, 2008, 5:35 pmJackpot hitto.

Finally get my first trade after today whole day of waiting, Pocket in 70pips. Trade closed within 25sec. Faz and furious.

EJ closed for 25pips, Closed within 10sec. LOL

EdIT:
I guess there sure be some one who trade with this way, usually during 24hours of trading, we mostly have one time of big up or big down. Mean trendy movement. So is it anyone that usually only trade that time. As the saying,"DO not again trend", which mean you put your chart clean, whenever you saw a such big movement, for sure you know there is continuous movement some more, so you juz pijak in, and take 30pips then run.

Anyone here? Wanna share some experience? Or why this method is dangerous? Or anyone get burnt due to this before? Plz share up, me learning here.

I have both oanda + mt4. So now I really getting the experience from both.

Juz now in EJ downward movement, the price is keep jumping between 2-3 pips in mt4, Keep on getting requote requote and requote, when I'm into the market, I already late for 11pips from my expected entry jor.

In oanda, the spread goes higher, but for sure you wont get requote this word, but remember, the spread is HIGH.

Thanks for you guys advice, remember it by heart already

i also dunno wth is wrong with oanda.. their spread used to be so tight... now due to all this things happening the spread got a lot higher.. but anyway where did u enter in EJ?

I suggest u guys not to trade this market. This market is MAD market. I already taken like 2 weeks of Holiday and will continue to take holiday to enjoy my free relax time. There is no way I gonna trade this mad market.  Up down Up down...Anytime get stop out continuous time.

Same here, got some losses, after I settle out this few trades, then I'm done for the day, gonna read read read first. Goes back to my chart pattern.

Kevler, always love your EW. Make it your proffesion.

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Added on October 9, 2008, 1:47 pmAnd one more thing to share out :-

NVR TRY TO RECOVER YOUR LOSSES

Why? Bcoz at the time you think you wanna recover your losses, you'll making tons of tons of wrong trades which lead you to further worse situation.

How to overcome:
1) Do other thing so that you wont concentrate on your losses, such as gaming, read newspaper, radio, sing and so on.
Calm your mood down first, then only think where to trade again.
My GJ -135ve pips was bcoz of my intention to recover my first loss -40pips. That's y I lose more.
SO juz now, I go for gaming around 2 hours and calm down and trade again

2) Train yourself to treat losses as a part of your life.
Still learning.

It's vital for traders, in my own judgement la, dunno you guys.