FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker
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  Dec 19 2008, 11:02 PM, updated 17y ago
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#1
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All Stars
11,954 posts Joined: May 2007   
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Version 5:
Yeah celebrating our 5th version.Its a huge milestone to LYN forex trader. Continue your discussion Here Some basic knowledge of forex can be found at here www.babypips.com www.dailyfx.com www.forexfactory.com - World famous forex forum PS:Anything more to add?Just PM me. |
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Dec 19 2008, 11:46 PM
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#2
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Staff
25,802 posts Joined: Jan 2003 From: Penang 
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Dec 20 2008, 02:09 AM
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#3
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Junior Member
13 posts Joined: Dec 2006
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My trade journal
19.12.2008 in total +51pips  This post has been edited by joeee85: Dec 20 2008, 08:47 AM |
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Dec 20 2008, 02:53 AM
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#4
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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 a closed trade .... 
This post has been edited by coldfusionpower: Dec 20 2008, 02:56 AM |
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Dec 20 2008, 10:31 AM
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#5
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Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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adam ur dow failed
not even slight spike to 9500, now is at 8500-8600 level and 11days (- alot holiday and weekend =thin volume) left till the deadline, what i think now is that the chances of it reach or break and stay above 9500(atleast one day) is very slim and near 0% u can treat small jeff 2 teh ice |
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Dec 20 2008, 03:41 PM
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#6
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur 
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QUOTE(joeee85 @ Dec 20 2008, 02:09 AM) My trade journal Instead of posting useless information, why don't you post up your charts and analysis, and that really will help.19.12.2008 in total +51pips  Added on December 20, 2008, 3:43 pm QUOTE(coldfusionpower @ Dec 20 2008, 02:53 AM)
a closed trade ....
This post has been edited by bulkbiz: Dec 20 2008, 03:43 PM |
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Dec 20 2008, 04:33 PM
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#7
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(joeee85 @ Dec 20 2008, 03:09 AM) My trade journal maybe u can make a trade journal blog .. i have one so the board wont be overcrowded with my results and charts.. QUOTE(bulkbiz @ Dec 20 2008, 04:41 PM) Hi, what indicator you use? EMA bands 34 (High,Low,Close)EMA 50 (Close) Shi Channel (1,5,60,1440) Fibonicci Pivots Signal Bars 7 (top right indicator) Stealth LCD QQE MTF 5 FX Sniper CCI Normalized Volume Oscillator but i dont really use those last 4 indicators .. |
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Dec 20 2008, 05:44 PM
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#8
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All Stars
10,340 posts Joined: Jan 2003
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My first try on drawing TL..
AJ  Comments is welcome..... |
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Dec 20 2008, 10:32 PM
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#9
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(dr2k3 @ Dec 19 2008, 07:31 PM) adam ur dow failed HAHAHAHA!! not even slight spike to 9500, now is at 8500-8600 level and 11days (- alot holiday and weekend =thin volume) left till the deadline, what i think now is that the chances of it reach or break and stay above 9500(atleast one day) is very slim and near 0% u can treat small jeff 2 teh ice  Oh well, it was worth a try, but never say never! Net realized profit: 800 usd ++++ Unrealized loss: 400 usd +++ This post has been edited by AdamG1981: Dec 20 2008, 10:33 PM Attached thumbnail(s) 
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Dec 21 2008, 12:05 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Will GJ still go down? or bounce back? 4H chart Added on December 21, 2008, 12:08 am QUOTE(coldfusionpower @ Dec 20 2008, 04:33 PM) maybe u can make a trade journal blog .. i have one so the board wont be overcrowded with my results and charts.. waooo, owesome, accurate and positive so far?EMA bands 34 (High,Low,Close) EMA 50 (Close) Shi Channel (1,5,60,1440) Fibonicci Pivots Signal Bars 7 (top right indicator) Stealth LCD QQE MTF 5 FX Sniper CCI Normalized Volume Oscillator but i dont really use those last 4 indicators .. This post has been edited by bulkbiz: Dec 21 2008, 12:08 AM |
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Dec 21 2008, 03:38 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Potential EU retracement to 1.33, weekly shooting star.
Strategy: Short on 4hr OverBOUGHT. All major pairs are showing OVERSOLD in 4hr chart. Please allow a correction upwards before attempting to short EU and GU. Added on December 21, 2008, 3:41 amThe question is , is Aussie and NZ dollar be in demand since both interest rate is highest AMONG 10 OECD nations? This post has been edited by AdamG1981: Dec 21 2008, 03:41 AM |
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Dec 21 2008, 12:03 PM
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All Stars
10,340 posts Joined: Jan 2003
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Updated my siggy for all those who might need to be reminded.....
 This post has been edited by WhitE LighteR: Dec 21 2008, 12:04 PM |
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Dec 21 2008, 12:08 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(WhitE LighteR @ Dec 21 2008, 12:03 PM) Updated my siggy for all those who might need to be reminded..... lol..you've got yourself a stalker?  |
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Dec 21 2008, 01:07 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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what does double hammer means? one green then continue by red.
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Dec 21 2008, 03:12 PM
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Senior Member
3,141 posts Joined: Nov 2006
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hahah jerry ultimate pityness
G loves that kind of bugging hahah |
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Dec 21 2008, 05:01 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hm...oil (WTI) might rise next week, based on price action and some fundamentals. If so, so would EU. 1.3850 (or around) has been the 3rd time acting as a support level. Best to look at with US Treasuries, German bund, oil and Dow for confirmation.
here's the messy chart for the up move » Click to show Spoiler - click again to hide... « for the easier downmove... » Click to show Spoiler - click again to hide... « basically, just wait for BO This post has been edited by small-jeff: Dec 21 2008, 05:11 PM |
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Dec 22 2008, 02:22 PM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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guys, any idea on INSTAFOREX ? i heard their withdraw speed is superfast within 1 or 2 day !
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Dec 22 2008, 04:31 PM
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Senior Member
1,646 posts Joined: Jun 2007
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the up move mentioned previously seems weak. watchout
SL at previous higher low |
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Dec 22 2008, 04:40 PM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(small-jeff @ Dec 22 2008, 05:31 PM) the up move mentioned previously seems weak. watchout EURO now moving UP ! SL at previous higher low |
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Dec 22 2008, 04:46 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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omg. i m waiting for EU to come down le.
but EU steady le. closing more at btm of the candle. This post has been edited by victor131490: Dec 22 2008, 04:50 PM |
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Dec 22 2008, 05:02 PM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(victor131490 @ Dec 22 2008, 05:46 PM) omg. i m waiting for EU to come down le. i am also SHORT EU ! but EU steady le. closing more at btm of the candle. |
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Dec 22 2008, 08:30 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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my prediction
GJ - long GU - long EU - Short based on TF1H , using EW+trendline. p/s somehow DeMark indicator is strong to do technical analysis |
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Dec 22 2008, 08:33 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Sorry, have to disagree with you on FA. Cable is the weakest currency among the 10 OECD countries. King and Trichet have different principles on easing the interest rate. KING might reduce to zero while Trichet might reduce to 1.5 or 1. But definitely not ZERO.
My bias still hasnt change, long carry trades, especially when China and India keeps on reducing interest rate. With oil prices this low, its only about time growth will restart. |
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Dec 22 2008, 08:54 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(kevler @ Dec 22 2008, 08:30 PM) my prediction Is DeMark Indicator good? How long you have been using itGJ - long GU - long EU - Short based on TF1H , using EW+trendline. p/s somehow DeMark indicator is strong to do technical analysis |
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Dec 22 2008, 10:05 PM
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Senior Member
4,030 posts Joined: Apr 2008
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A huge warning for those who are holding short positions in EU, AU. Please be aware that monthly candle are showing reversals pending. Either reduce short positions or place tiny long positions on the dips.
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Dec 22 2008, 10:14 PM
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Junior Member
340 posts Joined: Sep 2006 From: Melbourne
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hmm seems like the market isn't going anywhere today
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Dec 22 2008, 10:16 PM
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Senior Member
1,646 posts Joined: Jun 2007
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patience, you must
wait for wall street see how.. |
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Dec 22 2008, 10:20 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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i just noticed that today my broker spreads are insane ..
 EJ : 12pips EU : 9pips GJ : 24pips GU : 12pips |
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Dec 22 2008, 10:34 PM
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Junior Member
116 posts Joined: Oct 2006
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haha christmas season ..until early jan ..10 trade eu equal to 90 pips loss only to broker haha
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Dec 23 2008, 08:32 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(AdamG1981 @ Dec 22 2008, 11:05 PM) A huge warning for those who are holding short positions in EU, AU. Please be aware that monthly candle are showing reversals pending. Either reduce short positions or place tiny long positions on the dips. in the long run, EU will continue to short right ? |
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Dec 23 2008, 08:46 AM
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Senior Member
4,030 posts Joined: Apr 2008
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The economic data from the Euro Zone is getting worst, but the question still lies, how far and how soon will ECB bring the rates down? The next meeting is in January and will ECB cut 0.5, and if they will do what the US FED, and BOJ do? Buying commercial paper, etc.
In the short term, it doesn't look good for euro but it doesn't look attractive for the USD as the Obama administration has already hinted, they will spend their way out of the crisis, which means print, print, print! Added on December 23, 2008, 8:49 amAlso, as time goes without any big blow ups, VIX will slowly drift down, and this will hint that investors are ready to come back to equities and other financial instruments. And when that happen, say goodbye to the dollar and treasuries. Patience, like small Jeff says is important. You cant win every trade. Follow the trend as the trend is your friend till the very end. Added on December 23, 2008, 8:50 amAlso to add: IF Congress approves another rebate check for US citizens, it will double the effect of LOW gas prices, low FOOD prices. It's like a double whammy for the USD. This post has been edited by AdamG1981: Dec 23 2008, 08:50 AM |
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Dec 23 2008, 09:56 AM
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Senior Member
2,214 posts Joined: Oct 2007
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mphpopular
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Dec 23 2008, 11:40 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(mphpopular @ Dec 23 2008, 09:56 AM) mphpopular May I know what pair is this? |
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Dec 23 2008, 11:40 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(mphpopular @ Dec 23 2008, 10:56 AM) mphpopular ??? |
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Dec 23 2008, 01:38 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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QUOTE(bulkbiz @ Dec 23 2008, 11:40 AM) May I know what pair is this? it is AUD/USD. |
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Dec 23 2008, 02:21 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(victor131490 @ Dec 23 2008, 01:38 PM) it is AUD/USD. thx |
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Dec 23 2008, 09:28 PM
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Junior Member
89 posts Joined: Feb 2008
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QUOTE(cscheat @ Dec 23 2008, 08:32 AM) in the long run, EU will continue to short right ? Based on Monthly TF, it's time to BUY since the it has oversold & EU is bouncing back. |
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Dec 23 2008, 10:46 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Master candle engulf 17 candles, break any side of the S+R will be a good trade. |
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Dec 23 2008, 10:59 PM
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Senior Member
1,120 posts Joined: Jul 2006
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GU chart, H4
Long term view: Long on GU ard 1.47000 area. Attached thumbnail(s) 
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Dec 24 2008, 02:04 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Dec 24 2008, 09:54 AM
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Senior Member
607 posts Joined: Mar 2008
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Just got my FXCM Micro account approved. Will start trading after the New Year break
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Dec 24 2008, 03:28 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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damned ...christmas eve ...banks and hedge fund manager going for holiday..hahaha
next year we continue the analysis. |
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Dec 24 2008, 04:55 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(dsugums @ Dec 24 2008, 09:54 AM) Just got my FXCM Micro account approved. Will start trading after the New Year break dsugums, good luck and welcome to board Well, now all in holiday mood. less trading and low volume. I also staying sidelines for moment. Will spend more time analysing charts rather than trading and enjoying the holiday..hehe  |
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Dec 24 2008, 11:21 PM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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no mood tonight
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Dec 25 2008, 12:25 AM
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Senior Member
3,141 posts Joined: Nov 2006
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merry christmas guys
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Dec 25 2008, 08:11 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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merry xmas to all traders!!!
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Dec 25 2008, 09:29 AM
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Senior Member
1,120 posts Joined: Jul 2006
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Ho Ho Ho!
Merry X'mas to all FX traders! May all AUD pairs rise especially AU rise to 80cents. And all major pairs move 500-1Kpips (either long or short) so that we can ride with it ...hehe. |
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Dec 25 2008, 10:28 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(dreams_achiever @ Dec 25 2008, 10:29 AM) Ho Ho Ho! when will the market active again ? now seems holidayMerry X'mas to all FX traders! May all AUD pairs rise especially AU rise to 80cents. And all major pairs move 500-1Kpips (either long or short) so that we can ride with it ...hehe. |
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Dec 25 2008, 12:33 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Merry Christmas and Happy New year to all lowyat.net forex traders. May 2009 make us a millionare
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Dec 25 2008, 04:31 PM
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Junior Member
13 posts Joined: Dec 2006
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QUOTE(joeee85 @ Dec 20 2008, 02:09 AM) My trade journal 22.12.200819.12.2008 in total +51pips GBP/USD Sell Entry : 1.4886 Stop Loss : 1.4920 Target : 1.4807 +79pips 23.12.2008 GBP/USD Sell Entry : 1.4801 Stop Loss : 1.4835 Target : 1.4712 -34pips |
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Dec 25 2008, 05:05 PM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(dsugums @ Dec 24 2008, 10:54 AM) Just got my FXCM Micro account approved. Will start trading after the New Year break Hey, back to year 2006 i opened FXCM account too ! but account almost burn, so i stop ! FXCM provides good service but many problems in withdrawal.... QUOTE(bulkbiz @ Dec 25 2008, 01:33 PM) Merry Christmas and Happy New year to all lowyat.net forex traders. May 2009 make us a millionare MILLIONS and MILLIONS to you too !  |
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Dec 25 2008, 06:07 PM
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Junior Member
12 posts Joined: Nov 2007
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QUOTE(cscheat @ Dec 25 2008, 05:05 PM) Hey, back to year 2006 i opened FXCM account too ! but account almost burn, so i stop ! FXCM provides good service but many problems in withdrawal.... hi, so what u guys use for trading? what other websites besides fxcm? any other brokers? MILLIONS and MILLIONS to you too ! |
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Dec 25 2008, 08:28 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@mic84
i use oanda.. |
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Dec 25 2008, 11:07 PM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(mic84 @ Dec 25 2008, 06:07 PM) hi, so what u guys use for trading? what other websites besides fxcm? any other brokers? http://www.bestonlineforexbrokers.com/Top-...ex-Brokers.htmlhttp://www.fxstreet.com/brokers/forex-brokers http://mymetafx.com/mos/Frontpage/Itemid,1 |
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Dec 27 2008, 05:34 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(joeee85 @ Dec 25 2008, 04:31 PM) 22.12.2008 I think I know what method you use. big dogsGBP/USD Sell Entry : 1.4886 Stop Loss : 1.4920 Target : 1.4807 +79pips 23.12.2008 GBP/USD Sell Entry : 1.4801 Stop Loss : 1.4835 Target : 1.4712 -34pips |
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Dec 27 2008, 10:08 PM
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Junior Member
61 posts Joined: Feb 2005
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Hi, Im a newbie wanting to start investing in Forex. I would like to know if anyone here using GBTrade as their broker? I would like to hear some feedbacks from fellow forumers before I open an account with them.
GBTrade Thank you in advance! |
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Dec 27 2008, 11:12 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(abnerx @ Dec 27 2008, 10:08 PM) Hi, Im a newbie wanting to start investing in Forex. I would like to know if anyone here using GBTrade as their broker? I would like to hear some feedbacks from fellow forumers before I open an account with them. Welcome to the board, there are too many brokers out there, better choose those regulated. I personally use fxcm. You can try open fxcm micro for testing.GBTrade Thank you in advance! |
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Dec 28 2008, 03:38 PM
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Junior Member
317 posts Joined: Jun 2006
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which bank charge the lowest rates of wire transfer to US broker?
how do you guys transfer money to your forex account? |
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Dec 28 2008, 05:37 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(rpg @ Dec 28 2008, 03:38 PM) which bank charge the lowest rates of wire transfer to US broker? I use credit card to deposist, TT to withdraw. i don't really care about the charges as we can't avoid from bank charges. Which bank lowest? I don't know.how do you guys transfer money to your forex account? |
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Dec 28 2008, 06:45 PM
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Junior Member
317 posts Joined: Jun 2006
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how long does credit card transfer? is it instantly?
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Dec 28 2008, 09:07 PM
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Senior Member
2,214 posts Joined: Oct 2007
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AU
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Dec 28 2008, 11:04 PM
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Senior Member
3,141 posts Joined: Nov 2006
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mph.. nice charts.. i'm already long on AU
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Dec 29 2008, 12:58 AM
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Junior Member
50 posts Joined: Mar 2007
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QUOTE(rpg @ Dec 28 2008, 03:38 PM) which bank charge the lowest rates of wire transfer to US broker? There's some broker that uses paypal. Less charges and instantly received the fund, then you can sell it out.how do you guys transfer money to your forex account? |
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Dec 29 2008, 02:01 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(rpg @ Dec 28 2008, 06:45 PM) how long does credit card transfer? is it instantly? yea instantly. |
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Dec 29 2008, 09:18 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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guys, which broker offers the best service... FXCM or IBFX ?
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Dec 29 2008, 10:56 AM
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Senior Member
2,214 posts Joined: Oct 2007
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EU on list. Continuation pattern or reversal pattern.
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Dec 29 2008, 11:32 AM
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Senior Member
2,214 posts Joined: Oct 2007
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UJ m30 on list
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Dec 29 2008, 03:39 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Go go go |
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Dec 29 2008, 04:14 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(mphpopular @ Dec 29 2008, 10:56 AM) EU on list. Continuation pattern or reversal pattern. Tis appear to be a winnerAttached thumbnail(s) 
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Dec 29 2008, 04:22 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(mphpopular @ Dec 29 2008, 11:32 AM) UJ m30 on list Green pips closed.Attached thumbnail(s) 
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Dec 29 2008, 04:38 PM
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Senior Member
2,214 posts Joined: Oct 2007
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GU on waiting list. wAIT CANDLE CLOSED
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Dec 29 2008, 09:30 PM
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Senior Member
4,030 posts Joined: Apr 2008
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8188 GBP/USD Done Buy DAY Limit 1.4583 --- 1.4583 30,000 30,000 29/12/2008 21:03:22PM 29/12/2008 21:21:23PM ---
8183 GBP/USD Done Sell DAY Limit 1.4603 --- 1.4603 30,000 30,000 29/12/2008 21:02:16PM 29/12/2008 21:02:16PM --- 8134 GBP/USD Done Buy DAY Limit 1.4625 --- 1.4625 20,000 20,000 29/12/2008 20:38:59PM 29/12/2008 20:39:10PM --- 7966 GBP/USD Done Sell DAY Limit 1.4660 --- 1.4660 20,000 20,000 29/12/2008 19:56:43PM 29/12/2008 19:56:43PM --- 7738 GBP/USD Done Buy DAY Limit 1.4664 --- 1.4664 10,000 10,000 29/12/2008 18:18:52PM 29/12/2008 18:27:29PM --- 7679 GBP/USD Done Sell DAY Limit 1.4698 --- 1.4698 10,000 10,000 29/12/2008 17:59:00PM 29/12/2008 17:59:01PM --- 7550 GBP/USD Done Buy DAY Limit 1.4684 --- 1.4684 10,000 10,000 29/12/2008 16:55:17PM 29/12/2008 17:10:48PM --- 7124 GBP/USD Done Sell DAY Limit 1.4705 --- 1.4705 10,000 10,000 29/12/2008 10:29:05AM 29/12/2008 10:29:10AM --- |
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Dec 29 2008, 10:02 PM
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All Stars
11,954 posts Joined: May 2007
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QUOTE(AdamG1981 @ Dec 29 2008, 09:30 PM) 8188 GBP/USD Done Buy DAY Limit 1.4583 --- 1.4583 30,000 30,000 29/12/2008 21:03:22PM 29/12/2008 21:21:23PM --- Open or close position?8183 GBP/USD Done Sell DAY Limit 1.4603 --- 1.4603 30,000 30,000 29/12/2008 21:02:16PM 29/12/2008 21:02:16PM --- 8134 GBP/USD Done Buy DAY Limit 1.4625 --- 1.4625 20,000 20,000 29/12/2008 20:38:59PM 29/12/2008 20:39:10PM --- 7966 GBP/USD Done Sell DAY Limit 1.4660 --- 1.4660 20,000 20,000 29/12/2008 19:56:43PM 29/12/2008 19:56:43PM --- 7738 GBP/USD Done Buy DAY Limit 1.4664 --- 1.4664 10,000 10,000 29/12/2008 18:18:52PM 29/12/2008 18:27:29PM --- 7679 GBP/USD Done Sell DAY Limit 1.4698 --- 1.4698 10,000 10,000 29/12/2008 17:59:00PM 29/12/2008 17:59:01PM --- 7550 GBP/USD Done Buy DAY Limit 1.4684 --- 1.4684 10,000 10,000 29/12/2008 16:55:17PM 29/12/2008 17:10:48PM --- 7124 GBP/USD Done Sell DAY Limit 1.4705 --- 1.4705 10,000 10,000 29/12/2008 10:29:05AM 29/12/2008 10:29:10AM --- |
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Dec 29 2008, 10:19 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(MNet @ Dec 29 2008, 07:02 AM) Open or close position? All closed.29/12/2008 31/12/2008 10000 ** $BP/$US 20081231 1.4664 29/12/2008 31/12/2008 ** 10000 $BP/$US 20081231 1.4698 34.00 USD 29/12/2008 31/12/2008 10000 ** $BP/$US 20081231 1.4684 29/12/2008 31/12/2008 ** 10000 $BP/$US 20081231 1.4705 21.00 USD 29/12/2008 31/12/2008 20000 ** $BP/$US 20081231 1.4625 29/12/2008 31/12/2008 ** 20000 $BP/$US 20081231 1.466 70.00 USD 29/12/2008 31/12/2008 30000 ** $BP/$US 20081231 1.4583 29/12/2008 31/12/2008 ** 30000 $BP/$US 20081231 1.4603 60.00 USD Total Forwarded P/L 185 USD Added on December 30, 2008, 2:30 pmToday's trade: 9699 GBP/USD Done Buy DAY Limit 1.4457 --- 1.4457 10,000 10,000 30/12/2008 13:05:18PM 30/12/2008 14:17:33PM --- 9642 GBP/USD Done Sell DAY Limit 1.4512 --- 1.4512 10,000 10,000 30/12/2008 12:08:57PM 30/12/2008 12:08:59PM --- Added on December 30, 2008, 3:12 pmGoing to short GU all the way down to 1.39 This post has been edited by AdamG1981: Dec 30 2008, 03:12 PM |
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Dec 30 2008, 07:35 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EU
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Dec 30 2008, 07:39 PM
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Senior Member
2,214 posts Joined: Oct 2007
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GU
Added on December 30, 2008, 7:42 pm QUOTE(mphpopular @ Dec 30 2008, 07:39 PM) GU http://chart-patterns.netfirms.com/broadtop.htmthis is the definition of the pattern in GU daily This post has been edited by mphpopular: Dec 30 2008, 07:42 PM Attached thumbnail(s) 
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Dec 30 2008, 08:58 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Its' been a time I dump JPY pair, but today I made an exemption and try to analyse it. THis is what I have in EJ.
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Dec 31 2008, 12:06 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Currently on list.
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Dec 31 2008, 12:22 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Hey guys,
I found this trading strategy from other forum. I have tested in my demo account since a few times and it is profitable! Its a simple strategy. You need not have any indicator, just the default ones found in your metatrader. Daily Profit Potentials: Around 30-50pips + All you need to do is the following:- 1. Pull out a M15 Chart for a USD Major pair, example like GBPUSD. 2. Draw a vertical line at 14:00 time on your Chart. 3. Draw a vertical line at 16:00 time on your Chart. 4. Draw a Horizontal line at the high of candles/bars in between the vertical line. 5. Draw a Horizontal line at the Low of candles/bars in between the vertical line. Thats it, Simply put a buy stop at the high and sell stop at the low with stoploss of 30-50pips. DO YOUR OWN RR. Ideal Targets: Around 30-50pips or no targets if you think it can go more Trailing Stop of 15pips, if you want to. 
You can also check historical records and see its very profitable!! Some points to note: 1. There are only 9 candles/bars in the 15 minute chart, between 1400-1600. 2. If the Distance between the high and low is less than 50-60 pips, it could be very profitable. 3. If the Distance between the high and low is more than 50-60 pips, it could be not very profitable. 4. If the price doesn't break the high/low, its a ranging market. 5. The USD news are usually released around or after the 14:00-16:00 GMT phase. 6. The signals are only valid for the current day, Next day u again need to wait for the 1400-1600 time and 9 candles again. *THE TIMEZONE IS BETWEEN 7AM-9AM New york Time* Today's trade in my demo account: 
Let's wait...I am going to sleep now. This post has been edited by bulkbiz: Dec 31 2008, 12:23 AM |
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Dec 31 2008, 02:14 AM
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Junior Member
42 posts Joined: Jul 2007
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any1 interested to get GU trend sms alert?
condition: GU pair and trading time frm 6pm-9pm (safe entry) will post here for 1 week..if u guys think it's good, jz p.m tata..nite2... |
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Dec 31 2008, 02:56 AM
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Junior Member
50 posts Joined: Mar 2007
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QUOTE(nok2210 @ Dec 31 2008, 02:14 AM) any1 interested to get GU trend sms alert? I m interested in EU trend, you got any? Safe entry time will be helpful too condition: GU pair and trading time frm 6pm-9pm (safe entry) will post here for 1 week..if u guys think it's good, jz p.m tata..nite2... |
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Dec 31 2008, 08:10 AM
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Junior Member
42 posts Joined: Jul 2007
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today gu bullish trend
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Dec 31 2008, 11:28 AM
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Senior Member
2,214 posts Joined: Oct 2007
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EU m30 on list
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Dec 31 2008, 11:52 AM
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Senior Member
2,214 posts Joined: Oct 2007
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AU H4 on list
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Dec 31 2008, 12:12 PM
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Senior Member
2,214 posts Joined: Oct 2007
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NZDUSD onlist
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Jan 1 2009, 02:00 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Happy new year to all of you
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Jan 1 2009, 02:26 PM
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Senior Member
1,120 posts Joined: Jul 2006
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Happy New Year 2009!
May 2009 will bring prosperous year to us all in FOREX trading! mph, personally i dun think GBP will rally. Coz next Wed BoE gonna meeting on the rate cut. So basically short term, im in short bias. Short when rally ! Anyway, let see how its goes! This post has been edited by dreams_achiever: Jan 1 2009, 02:45 PM |
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Jan 1 2009, 02:36 PM
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Junior Member
235 posts Joined: Nov 2008
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mmm...but close today, heppy new year
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Jan 1 2009, 02:38 PM
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Senior Member
1,120 posts Joined: Jul 2006
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Chart for EJ.
Just my personal opinion. Trade at your own risks This post has been edited by dreams_achiever: Jan 1 2009, 02:38 PM Attached thumbnail(s) 
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Jan 2 2009, 10:51 AM
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Senior Member
3,158 posts Joined: Dec 2006
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my mt4 candlestick not moving...already report to fxmalay...
Added on January 2, 2009, 11:21 amhttp://www.fxmalay.com/news.aspx opss...my mistake... This post has been edited by normeck: Jan 2 2009, 11:21 AM |
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Jan 2 2009, 11:23 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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my analysis on GJ TF4H
 This post has been edited by kevler: Jan 2 2009, 12:33 PM |
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Jan 2 2009, 10:14 PM
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Senior Member
3,158 posts Joined: Dec 2006
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let see my chart gonna work or not...
Added on January 2, 2009, 10:16 pmignore the sell at the bottom...that one not serious...main main saje... This post has been edited by normeck: Jan 2 2009, 10:16 PM Attached thumbnail(s) 
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Jan 2 2009, 10:34 PM
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Senior Member
1,646 posts Joined: Jun 2007
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sigh...dont you guys just hate it when prices swing within a big triangle over a big time frame...
 dont wanna risk, just had to wait it out... |
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Jan 2 2009, 11:18 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Ya you're right small-jeff. I didn't trade. Even Wednesday GBP pair, spike up and down for 300pips in each hour. No point for me to trade. I stand aside.
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Jan 3 2009, 05:53 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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i still didnt trade since 24 december .. waiting for 5th jan ...
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Jan 3 2009, 09:06 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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HEY GUYS !!!!!!!!!!!! LAST NIGHT i turn on my EA and go sleep... morning wake up and saw 721USD profit !!!!! all by EA alone !!!!
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Jan 3 2009, 10:25 AM
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Junior Member
343 posts Joined: Sep 2007
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QUOTE(cscheat @ Jan 3 2009, 09:06 AM) HEY GUYS !!!!!!!!!!!! LAST NIGHT i turn on my EA and go sleep... morning wake up and saw 721USD profit !!!!! all by EA alone !!!! seriously? |
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Jan 3 2009, 10:37 AM
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Senior Member
3,158 posts Joined: Dec 2006
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how long u have using this EA?
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Jan 3 2009, 10:43 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(cscheat @ Jan 3 2009, 09:06 AM) HEY GUYS !!!!!!!!!!!! LAST NIGHT i turn on my EA and go sleep... morning wake up and saw 721USD profit !!!!! all by EA alone !!!! congrats man ... |
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Jan 3 2009, 03:20 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Detail outlook on EU
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Jan 3 2009, 03:28 PM
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Senior Member
2,214 posts Joined: Oct 2007
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AUDNZD daily
I have 2 upper TL, one is red and one is pink. I stil unsure which one have higher reliability for me. Attached thumbnail(s) 
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Jan 3 2009, 04:47 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Abit risky. It is more advisable to wait it to retrace back to HOrizontal SR and only take the LONG due to BREAKOUT candle was too big.
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Jan 3 2009, 07:06 PM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(atrocitines @ Jan 3 2009, 11:25 AM) seriously? seriously YES !!! QUOTE(normeck @ Jan 3 2009, 11:37 AM) how long u have using this EA? 2 monthsQUOTE(kevler @ Jan 3 2009, 11:43 AM) congrats man ... Guys ! i will post some screen shots soon ! this EA GUARANTEE earn money one !!!!
This post has been edited by cscheat: Jan 3 2009, 07:15 PM |
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Jan 3 2009, 09:05 PM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(cscheat @ Jan 3 2009, 07:06 PM) seriously YES !!! 0.20, 0.40, 0.80, 1.60, 3.20, 6.40, 12.80..... Some sort of Martingale.2 months Guys ! i will post some screen shots soon ! this EA GUARANTEE earn money one !!!! You need a very very large margin. What is your maximum number of trades set to? When it reaches the maximum number of trades (or before even), and the trend is still against your positions, it will wipe out your account. Before that happens, it looks very good. Do a backtest over a sufficiently long period of time, like say at least 6 months, and you will see what I mean.  |
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Jan 3 2009, 09:48 PM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(howszat @ Jan 3 2009, 10:05 PM) 0.20, 0.40, 0.80, 1.60, 3.20, 6.40, 12.80..... Some sort of Martingale. haha ! my account leverage is high 1:500 and this EA only works for one specific pair !!! i did a backtest and no problemYou need a very very large margin. What is your maximum number of trades set to? When it reaches the maximum number of trades (or before even), and the trend is still against your positions, it will wipe out your account. Before that happens, it looks very good. Do a backtest over a sufficiently long period of time, like say at least 6 months, and you will see what I mean. |
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Jan 3 2009, 10:01 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Let me guess for the next thing is. Promotion of an item with price.
ANd is it leverage important in martingale EA? ABSOLUTELY NO. Is your equity. Added on January 3, 2009, 10:02 pmIf you guys go detail of each transaction of the statement, you will know what goes wrong. This post has been edited by mphpopular: Jan 3 2009, 10:02 PM |
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Jan 3 2009, 10:05 PM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(cscheat @ Jan 3 2009, 09:48 PM) haha ! my account leverage is high 1:500 and this EA only works for one specific pair !!! i did a backtest and no problem It's not just the leverage (lots) but the profit/losses which add up to the total drawdown as you open larger and larger positions. The pip-gap before opening up the next position is only 20-pips which is small relative to the range the USDJPY pair can move within a day, which makes it more dangerous. How did you decide on 20-pips? Do you know what conditions causes it do a SELL LIMIT instead of SELL? Do you have the mq4? Or just the ex4? Hey, but if it works - great! The reason you are telling us is because you are going to share the EA, right? |
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Jan 3 2009, 11:15 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Sorry Cscheat, i don't use EA, i use my brains to trade. Trusting another person's "brain" in creating the EA doesn't suit me, or my trading philosophy. Do you know trading constantly evolves? And you are telling me the EA will automatically evolves with trading patterns? Sorry buddy, all it takes is just one big bad event, like US attacking iran, and kaboom, your entire portofolio gone.
Oh, and making 700 ain a big deal, unless the EA makes me 10000 usd in 15 minutes, then maybe i will consider it. This post has been edited by AdamG1981: Jan 3 2009, 11:19 PM |
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Jan 4 2009, 12:33 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Completely AU bullish biased from me.
Monthly chart - Bullish Engulfing Weekly chart - We break the range Daily chart - Range not yet break, but bullish biased from me. Attached thumbnail(s) 
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Jan 4 2009, 12:41 AM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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Happy New Year 2009 Buddy... mphpopular, AdamG1981, normeck, kevler, small-jeff, coldfusionpower, kelvin_tan & all
GO BEARISH & BULLISH UPSIdE dOWn, WHAT WE WAnT JUST WIn THE TRAdE!! |
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Jan 4 2009, 01:48 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(jebonen @ Jan 4 2009, 12:41 AM) Happy New Year 2009 Buddy... mphpopular, AdamG1981, normeck, kevler, small-jeff, coldfusionpower, kelvin_tan & all Happy New Year to you tooGO BEARISH & BULLISH UPSIdE dOWn, WHAT WE WAnT JUST WIn THE TRAdE!! |
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Jan 4 2009, 10:18 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(jebonen @ Jan 4 2009, 12:41 AM) Happy New Year 2009 Buddy... mphpopular, AdamG1981, normeck, kevler, small-jeff, coldfusionpower, kelvin_tan & all GO BEARISH & BULLISH UPSIdE dOWn, WHAT WE WAnT JUST WIn THE TRAdE!! Happy new year to you guys too. May the market be easier to understand this year |
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Jan 4 2009, 11:01 AM
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Senior Member
3,158 posts Joined: Dec 2006
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Happy New Year to all of u too..i hope its not to late....i will be back soon...just have to do some things 1st ...
This post has been edited by normeck: Jan 4 2009, 11:02 AM |
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Jan 4 2009, 11:56 AM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(mphpopular @ Jan 3 2009, 09:33 AM) Completely AU bullish biased from me. Yes, very bullish. China's PMI has recovered slightly in December, maybe marking of a bottom. Look for more upside for Aussie dollar.Monthly chart - Bullish Engulfing Weekly chart - We break the range Daily chart - Range not yet break, but bullish biased from me. QUOTE(jebonen @ Jan 3 2009, 09:41 AM) Happy New Year 2009 Buddy... mphpopular, AdamG1981, normeck, kevler, small-jeff, coldfusionpower, kelvin_tan & all Thanks! GO BEARISH & BULLISH UPSIdE dOWn, WHAT WE WAnT JUST WIn THE TRAdE!! |
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Jan 4 2009, 12:18 PM
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Senior Member
1,646 posts Joined: Jun 2007
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@Adam:
where you get the readings on China's data? mind to share? i'm kinda looking for data on emerging markets |
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Jan 4 2009, 12:57 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(small-jeff @ Jan 3 2009, 09:18 PM) @Adam: It's on FXstreet.com, listed on the updates.where you get the readings on China's data? mind to share? i'm kinda looking for data on emerging markets Added on January 4, 2009, 12:59 pmMy opinion, if China eases the monetary policy further, we might see a huge rally coming soon for Hang Seng, Nikkei, SGX. This post has been edited by AdamG1981: Jan 4 2009, 12:59 PM |
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Jan 4 2009, 08:51 PM
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Junior Member
9 posts Joined: Jan 2008 From: Puchong Selangor
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wow, EA rocks
This post has been edited by helencheese: Jan 4 2009, 08:51 PM |
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Jan 4 2009, 09:03 PM
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Senior Member
1,646 posts Joined: Jun 2007
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yeah, EA really rocks. Put US$10000 for a standard account now, and get profit using the latest EA!
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Jan 4 2009, 09:51 PM
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Senior Member
1,120 posts Joined: Jul 2006
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thats suicide way!
IMHO, better try trade manually first to get feel what is FOREX all about. Then can start using EA for real. But make sure to run backtest for few years or few months back at least. |
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Jan 4 2009, 10:20 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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i'm always trade manually , and never trust EA at all ..though it will gives more profit blindly to me
below is my analysis on GJ TF4H , you'll know where the market will go based on the chart . Any comment welcomed trade at your own risk  |
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Jan 4 2009, 11:30 PM
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Senior Member
1,078 posts Joined: Jan 2008
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QUOTE(kevler @ Jan 4 2009, 10:20 PM) i'm always trade manually , and never trust EA at all ..though it will gives more profit blindly to me and never should anybody...but an EA is quite important when u r off for a long time...keep it safe with precision TSL and straddling method...the important key is say no to greediness...lolbelow is my analysis on GJ TF4H , you'll know where the market will go based on the chart . Any comment welcomed trade at your own risk |
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Jan 5 2009, 12:07 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(diablokun @ Jan 4 2009, 11:30 PM) and never should anybody...but an EA is quite important when u r off for a long time...keep it safe with precision TSL and straddling method...the important key is say no to greediness...lol IMO, if you're saying no to greed, then you shouldn't even trade when you're off. |
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Jan 5 2009, 01:15 AM
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Junior Member
149 posts Joined: Oct 2008
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Anyone can help... I all da while suing MT4 platform. I just changed to new comp, and the new comp cant load MT4. I blif is the proxy or firewall problem. Anyone have any idea how to solve this problem?
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Jan 5 2009, 07:17 AM
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Senior Member
2,214 posts Joined: Oct 2007
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AJ on critical ZONE. A high clarity TL that is on the list right now.
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Jan 5 2009, 09:11 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Today's early day bird trade:
B200900502M3800 BUY GBP/USD GBP 50,000 1.448 5/1/2009 9:00:25 AM B200900502LXX00 SELL GBP/USD GBP 50,000 1.4504 5/1/2009 8:51:57 AM |
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Jan 5 2009, 09:31 AM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(adreina @ Jan 5 2009, 01:15 AM) Anyone can help... I all da while suing MT4 platform. I just changed to new comp, and the new comp cant load MT4. I blif is the proxy or firewall problem. Anyone have any idea how to solve this problem? Just go into Tools / Options / Server. Tick Enable proxy server, click on Proxy button, enter Server as server_name:port_number and select HTTP on the side. Click OK. |
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Jan 5 2009, 02:55 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(cscheat @ Jan 3 2009, 07:06 PM) seriously YES !!! I am sure you are going to sell it....since the EA give you sure win....keep it for yourself. TQ2 months Guys ! i will post some screen shots soon ! this EA GUARANTEE earn money one !!!!
Martingale will never work....in forex |
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Jan 5 2009, 05:10 PM
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Senior Member
2,214 posts Joined: Oct 2007
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If EA can make 700 per day, I guess I will be better than EA.
I made more than I also duno how much in this 7 hourAttached thumbnail(s) 
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Jan 5 2009, 05:11 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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EU TF4H
Please correct my counting if i'm wrong  |
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Jan 5 2009, 05:11 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(mphpopular @ Jan 5 2009, 05:10 PM) If EA can make 700 per day, I guess I will be better than EA. LMAO, good 1 I made more than I also duno how much in this 7 hour |
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Jan 5 2009, 05:13 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(kevler @ Jan 5 2009, 05:11 PM) EU TF4H I on ur side. Now breakout occurs. TP should be around 1.3420Please correct my counting if i'm wrong |
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Jan 5 2009, 05:14 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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yerp ...retracement will be happen anytime soon ...
but alas , i dont trade EU rite now ...GU and GJ on the move |
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Jan 5 2009, 05:15 PM
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Senior Member
3,141 posts Joined: Nov 2006
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HAHAHA nice 1 mph on ur EA
@cscheat we are REAL TRADERS here. Enough said |
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Jan 5 2009, 05:17 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(mphpopular @ Jan 5 2009, 05:10 PM) If EA can make 700 per day, I guess I will be better than EA. haha.. congrats bro ...5 lot per trade ...that's huge amount of risk/money/emotions . I made more than I also duno how much in this 7 hourcongrats again bro p/s aiyak jeles nyer hahahhaa |
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Jan 5 2009, 05:46 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(kevler @ Jan 5 2009, 05:17 PM) haha.. congrats bro ...5 lot per trade ...that's huge amount of risk/money/emotions . But that is demo wor. congrats again bro p/s aiyak jeles nyer hahahhaa I on ride wif GJ long, how about you? |
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Jan 5 2009, 06:39 PM
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Junior Member
149 posts Joined: Oct 2008
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EU is an active pair.. I always kena SL
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Jan 5 2009, 07:19 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(mphpopular @ Jan 5 2009, 05:46 PM) But that is demo wor. yerp ..GJ still long bearish ..if i'm not mistaken , GJ is going up until 15x.xx and later it will retrace I on ride wif GJ long, how about you? just my profit 120 pips (after i locked it with trailing stop) and still continue my GJ trade with long oh EU ...if i saw the wave count from earlier moment , i will go for short movement ...1 candle in 4h chart is more than 300 pips maa ..  |
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Jan 5 2009, 09:12 PM
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Junior Member
149 posts Joined: Oct 2008
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QUOTE(howszat @ Jan 5 2009, 09:31 AM) Just go into Tools / Options / Server. Tick Enable proxy server, click on Proxy button, enter Server as server_name:port_number and select HTTP on the side. Click OK. I tired with web-proxy:8088..... but is not work... sigh!!! |
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Jan 5 2009, 09:30 PM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(adreina @ Jan 5 2009, 09:12 PM) I tired with web-proxy:8088..... but is not work... sigh!!! "web-proxy" doesn't look like a proper domain name. If you really are going thru a proxy, your web browser should also have the proxy domain name set in there, so have a look and see what it says. |
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Jan 5 2009, 09:30 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Which one more appropriate?
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Jan 5 2009, 09:33 PM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(mphpopular @ Jan 5 2009, 09:30 PM) Which one more appropriate? The one on the right. |
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Jan 5 2009, 09:39 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(adreina @ Jan 5 2009, 09:12 PM) I tired with web-proxy:8088..... but is not work... sigh!!! r u a boy or girl |
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Jan 5 2009, 10:31 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(bulkbiz @ Jan 5 2009, 09:39 PM) r u a boy or girl bulkbiz, dun be so straightforward lar. muahaha!Give her or he some answer that long waited then you can ask such personal question. lol  adreina: I din know how to answer ur question. I only knew how to trade FOREX (Hint: Isn't it obvious that she put gender as female, no? ) |
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Jan 5 2009, 11:46 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(mphpopular @ Jan 5 2009, 09:30 PM) Which one more appropriate? somehow i agreed on the right chart compare with my counting for AUD daily chart  |
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Jan 5 2009, 11:55 PM
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Junior Member
149 posts Joined: Oct 2008
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QUOTE(howszat @ Jan 5 2009, 09:30 PM) "web-proxy" doesn't look like a proper domain name. If you really are going thru a proxy, your web browser should also have the proxy domain name set in there, so have a look and see what it says. Erm.... noob on this network/proxy topic. I tried proxy.com:8080...but cant! I tried autocache.hp.com:8080 also cant!Please help!!!! QUOTE(bulkbiz @ Jan 5 2009, 09:39 PM) r u a boy or girl Female... !! |
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Jan 6 2009, 12:10 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(adreina @ Jan 5 2009, 11:55 PM) Erm.... noob on this network/proxy topic. I tried proxy.com:8080...but cant! I tried autocache.hp.com:8080 also cant! hahaha..it shows that u are working at HP Tower . Please help!!!! Female... !! try check with other colleagues regarding proxy from singapore side . but so far , HP has tighten their security due to many HP staff abused the internet at work place , e.g bittorent |
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Jan 6 2009, 12:16 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(kevler @ Jan 6 2009, 12:10 AM) hahaha..it shows that u are working at HP Tower . LOL, HP staff....I guess you need userid and password for your proxy am i right? HP got retrench people? Welcome lady trader:)try check with other colleagues regarding proxy from singapore side . but so far , HP has tighten their security due to many HP staff abused the internet at work place , e.g bittorent |
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Jan 6 2009, 01:48 AM
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Junior Member
149 posts Joined: Oct 2008
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QUOTE(kevler @ Jan 6 2009, 12:10 AM) hahaha..it shows that u are working at HP Tower . Hahah...ayaya....HP Tower....shhhh.........try check with other colleagues regarding proxy from singapore side . but so far , HP has tighten their security due to many HP staff abused the internet at work place , e.g bittorent Tried proxy from singapore side... cannot also....  QUOTE(bulkbiz @ Jan 6 2009, 12:16 AM) LOL, HP staff....I guess you need userid and password for your proxy am i right? HP got retrench people? Welcome lady trader:) no need user id and password. I got proxy for client side..but dare not to use it.... |
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Jan 6 2009, 02:03 AM
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Junior Member
36 posts Joined: Oct 2007 From: Bathroom
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Compare with my Chart also.
AUDUSD DAILY 
This post has been edited by mrafif: Jan 6 2009, 02:04 AM |
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Jan 6 2009, 05:19 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(adreina @ Jan 6 2009, 12:55 AM) Female... !! .. welcome to the club sis ..  QUOTE(mrafif @ Jan 6 2009, 03:03 AM) Compare with my Chart also. whats that triangle and dot dot ? AUDUSD DAILY
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Jan 6 2009, 06:57 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(coldfusionpower @ Jan 6 2009, 05:19 AM) whats that triangle and dot dot ? we called it as fractal in chaos rules . and the dot is referred as wiseman . p/s macam pernah tengok jer template tuh , dari prof ek ? |
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Jan 6 2009, 08:47 AM
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Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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QUOTE(mphpopular @ Jan 5 2009, 05:46 PM) But that is demo wor. lol~ talk so big only to be demo accountI on ride wif GJ long, how about you? nothing is absolute......EA can be good also can be bad.... just like some people say scalping is bad but there is still people who manage to make big profit from scalping This post has been edited by dr2k3: Jan 6 2009, 08:48 AM |
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Jan 6 2009, 09:51 AM
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Junior Member
86 posts Joined: Mar 2008 From: putrajaya
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QUOTE(dr2k3 @ Jan 6 2009, 08:47 AM) lol~ talk so big only to be demo account i tried EA once.. juz left it for like one hr i guess.. more than 50 pips loss.. nothing is absolute......EA can be good also can be bad.... just like some people say scalping is bad but there is still people who manage to make big profit from scalping btw, i'm tryin a jutawanforex indicator.. can anyone tell me how good this thing is? |
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Jan 6 2009, 10:30 AM
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Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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thats because u try someone else ea (u were just hoping for profit instead of knowing how it trade n what his money management like).....not something created or research by u
i've seen people with good EA(created n developed by themself)....manage to profit 3 month continuously, ofcoz that doesnt mean he will profit all the way...nothing is absolute one thing for sure is that....GOOD EA will never surface on internet for sell, they can make more profit trading themself than selling the EA except for selling it to bank/investment institutional ( heard this case before ) |
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Jan 6 2009, 11:14 AM
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Junior Member
86 posts Joined: Mar 2008 From: putrajaya
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QUOTE(dr2k3 @ Jan 6 2009, 10:30 AM) thats because u try someone else ea (u were just hoping for profit instead of knowing how it trade n what his money management like).....not something created or research by u I agree with wat u said.. I did observe how the EA works.. 1st 5 mins using the EA was quite convincing.. 2-5 pips coming in.. Thats y i decided to leave it working on its own.. Nvr thought it ended up big loss.. i've seen people with good EA(created n developed by themself)....manage to profit 3 month continuously, ofcoz that doesnt mean he will profit all the way...nothing is absolute one thing for sure is that....GOOD EA will never surface on internet for sell, they can make more profit trading themself than selling the EA except for selling it to bank/investment institutional ( heard this case before ) Speaking of developing our own EA.. Anyone here ever come up wit their own, n test it on the system?? |
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Jan 6 2009, 11:36 AM
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Senior Member
2,932 posts Joined: Sep 2007
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I'm working on a couple of EAs. Can't say they are my own, cause they are put together from code examples from different places. You cannot just take an EA and expect it to work. Different pairs will behave differently. Even the data on the same pair from different brokers will behave differently.
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Jan 6 2009, 11:47 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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anyone heard of FABTURBO EA ??
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Jan 6 2009, 12:18 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(cscheat @ Jan 6 2009, 11:47 AM) anyone heard of FABTURBO EA ?? never heard , like detergent remover or something  |
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Jan 6 2009, 01:44 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(dr2k3 @ Jan 6 2009, 09:47 AM) lol~ talk so big only to be demo account haha .. no big deal actually. if he can get +pips from demo, sure he can get it on live account aswell QUOTE(dr2k3 @ Jan 6 2009, 11:30 AM) one thing for sure is that....GOOD EA will never surface on internet for sell, they can make more profit trading themself than selling the EA right .. that what i said to my dad.. he's bought awful plenty of EA and lucky tried it on demo.QUOTE(fikrie @ Jan 6 2009, 12:14 PM) I agree with wat u said.. I did observe how the EA works.. 1st 5 mins using the EA was quite convincing.. 2-5 pips coming in.. Thats y i decided to leave it working on its own.. Nvr thought it ended up big loss.. u will need to see the code for the EA to see how does exactly it works. and do u know that Mesin Duit has other people codes and sell it as his own ? .. so does Robo-Forex.. robo forex has 99% similarity with Mesin Duit codes but at least he replaced the original copyright at the top of the code.Speaking of developing our own EA.. Anyone here ever come up wit their own, n test it on the system?? yeah i did. well not i .. i hired a MQ4 programmer to make an ea using my trading method. but it doesnt go well on ranging market. it cant filter the bad ranging move efficient enuf. QUOTE(cscheat @ Jan 6 2009, 12:47 PM) anyone heard of FABTURBO EA ?? yeah .. and my dad have a terrible drawdown on live account for that crap ea. lucky micro lot only ..QUOTE(kevler @ Jan 6 2009, 01:18 PM) never heard , like detergent remover or something FAB turbo is another ea by Forex Auto Pilot ..This post has been edited by coldfusionpower: Jan 6 2009, 01:51 PM |
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Jan 6 2009, 02:31 PM
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Senior Member
2,214 posts Joined: Oct 2007
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From TheLFB-Forex.com
QUOTE Overall, the currency market traded calm in the Asian session, with almost no momentum. This usually happens during the Asian session after a very volatile day. Ahead, the calendar is loaded with important releases during both the European and U.S. session, so it is very likely the market will trend again. The Euro (Eur/Usd) tumbled a strong number of pips. The pair fell as much as 350 pips, but recovered some pips back in the U.S. session to finish the day 250 pips lower. In the Asian session, the euro fell another 50 pips, breaking under the 20 and the 100-day moving averages. The Pound (Gbp/Usd) and the cad were the only pairs that advanced compared with the dollar yesterday. The pound rose 150 pips, even though in the overnight session the pair was pulled lower by the euro. The pair is trading under all moving averages, as the BoE is expected to cut on Thursday 50 basis points. The consumer confidence for the U.K. fell in December to 47 despite the government's announcement of a fiscal stimulus package worth GBP20 billion and unprecedented interest rate cuts by the Bank of England. During the month, the prime shopping season, stores discounted merchandise in a desperate attempt to move stock. On the whole, Britons felt gloomier about the nation's economic outlook as they feared losing their jobs. A full 49 percent believed the economy would worsen over the coming six months which is up from 45 percent in November. The Aussie (Aud/Usd) closed the last day of trading forming a doji-star, denoting the market's indecision. The aussie is trading at the highest value touched in the last two months, near an area where the pair had previously topped. In addition, the aussie is trading just a few pips under the 100-day moving average. The Australian AIG services sector activity has declined for a ninth consecutive month in the services sector for December showed the Australian Industries Group's report. The index rose marginally, by 1.5 points to 39.3 but remained below the key 50.0 level which separate's expansion from contraction. In seasonally adjusted terms, only one sector saw expansion, health and services, for the first time in five months. Sales fell for a seventh month while activity fell even faster for accommodation, cafes and restaurants, as well as the personal and recreational services sectors. The Cad (Usd/Cad) moved lower yesterday, even though the dollar was advanced against most of the majors. The cad gained 100 pips in the overnight session, but around the U.S. open the pair started to move lower. At the end of the day, the cad had fallen 130 pips. The Swissy (Usd/Chf) is currently trading in a small range, around the U.S. session closing price. This comes after the pair rose 300 pips yesterday and broke above the 200-day moving average, in a move correlated with the euro. The swissy is now trading just a few pips under the 20-day moving average. The Yen (Usd/Yen) advanced yesterday a strong number of pips, even though the S&P finished the day lower. The pair gained 100 pips, reaching the highest value in the last month. The yen bottomed and started to head up after a number of Japanese officials complained about the strength of the national currency. The Japanese monetary base came in with a reading of 1.8 percent year over year in December. This is slightly lower than November's reading of 1.9 percent, but still in line with analysts' expectations. Banknote circulation in December was up 0.5 percent. Meanwhile, coins added 0.4 percent. Seasonally adjusted, the monetary base increased to 90.45 trillion yen, or 0.1 percent. |
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Jan 6 2009, 04:58 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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great movement made by GU and GJ ..
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Jan 6 2009, 05:06 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(fikrie @ Jan 6 2009, 09:51 AM) i tried EA once.. juz left it for like one hr i guess.. more than 50 pips loss.. JUTAWANFOREX indicator...LOL, please la don't make me laugh. I have kuasaforex indicator, u want? www.kuasaforex.combtw, i'm tryin a jutawanforex indicator.. can anyone tell me how good this thing is? Don't depend too much on indicator...see the price movement and news |
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Jan 6 2009, 06:06 PM
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Junior Member
86 posts Joined: Mar 2008 From: putrajaya
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QUOTE(bulkbiz @ Jan 6 2009, 05:06 PM) JUTAWANFOREX indicator...LOL, please la don't make me laugh. I have kuasaforex indicator, u want? www.kuasaforex.com most of de time i observe the prive movement quite extensively, but when i felt i had de right move, suddenly it went down or up drastically.. which wud cost quite a fortune then.. Don't depend too much on indicator...see the price movement and news news? other than watching it live, how cud we know then? |
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Jan 6 2009, 06:24 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(kevler @ Jan 6 2009, 04:58 PM) great movement made by GU and GJ .. Caught the pipS?my GJ stil long ing. but going close soon. enough for me. |
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Jan 6 2009, 07:06 PM
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Junior Member
277 posts Joined: Nov 2005 From: shah alam - cyberjaya
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guys.. before i'm jumping to real forex.. is it fxcm good? planning to go for micro here...
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Jan 6 2009, 08:30 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(mphpopular @ Jan 6 2009, 06:24 PM) Caught the pipS? yerp . Alhamdulillah , i got profit more than i need . waiting for retracement for GU and GJ ..my GJ stil long ing. but going close soon. enough for me. |
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Jan 6 2009, 10:02 PM
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Senior Member
2,214 posts Joined: Oct 2007
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GU weekly +ve divergence as usual
GU daily. As you can see. 2 red line showing broadening bottom (posible reversal pattern). white line showing it is the next resistance for GU pink horizontal line is the current SR lvl for GU I'm on the bull side. I dunno how about you. Attached thumbnail(s) 
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Jan 6 2009, 10:29 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EU h4 if closed as hammer. Mean retracement TARGET is reached.
Attached thumbnail(s) 
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Jan 7 2009, 01:04 AM
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Senior Member
2,214 posts Joined: Oct 2007
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at first I thought GBP will end the bull at tonight when I see ing all the GBP pair.
But juz now all the GBP bull again and break all the resistance. See alll the candle is solid BULL. and also it is break the resistance. Do not hesistate to ask if u have question. Attached thumbnail(s) 
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Jan 7 2009, 01:16 AM
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Senior Member
2,214 posts Joined: Oct 2007
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DJIA chart
Attached thumbnail(s) 
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Jan 7 2009, 01:25 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Wave count for EU,
1.28 - 1.47 wave 1 1.47 - 1.33 wave 2 WAVE 3 Possible 1.33 to 1.55? |
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Jan 7 2009, 02:46 AM
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Senior Member
2,214 posts Joined: Oct 2007
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US dollar index. H&S?
Attached thumbnail(s) 
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Jan 7 2009, 03:20 AM
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Senior Member
2,214 posts Joined: Oct 2007
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I think u guys will prefer this one. HAHAHAA. COmplete melt down
Attached thumbnail(s) 
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Jan 7 2009, 03:47 AM
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Senior Member
2,214 posts Joined: Oct 2007
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We now compare which one more suit to LONG as LONG TERM , is EU or GU?
Start with GU GU today alraedy rally alot... Many ppl telling me not suit to LONG it already. ALready so high, stil wan long? So, now compare and contrast. Gu daily, we hav a broadening bottom pattern in the. According to the pattern, we nid a break of 1.57 to confirm that the broadening bottom pattern is done. (brodening bottom is a reversal pattern) So it is not late for us to LONG now. U might get some -ve pips. But it is worth. GU weekly. +ve divergence la... TARGET is 1.60 (1000pips) Attached thumbnail(s) 
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Jan 7 2009, 03:52 AM
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All Stars
10,340 posts Joined: Jan 2003
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GU. Red line down is a TL from higher TF
It will hit the red line, coupled wit OB on rsi.... and decline back. IF it does breakout of the red line... then bull really in control liao. We might be looking at least a retest of 1.55 if that happens. Attached thumbnail(s) 
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Jan 7 2009, 03:53 AM
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Senior Member
2,214 posts Joined: Oct 2007
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EU weekly +ve divergence 1.48 (1400pips) and 1.53 (1700pips) as TP
Eu daily. we perfect complete the wave 2 and hit 1.33 (previous high). Market UP by now So which pair to choose Attached thumbnail(s) 
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Jan 7 2009, 09:17 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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guys ! last night use Fabturbo 4 winning trades !!!
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Jan 7 2009, 10:34 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(cscheat @ Jan 7 2009, 09:17 AM) guys ! last night use Fabturbo 4 winning trades !!! ok i go fap then....fap.fap |
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Jan 7 2009, 10:36 AM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(bulkbiz @ Jan 7 2009, 11:34 AM) ok i go fap then....fap.fap Fab rocks |
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Jan 7 2009, 09:10 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(bulkbiz @ Jan 7 2009, 11:34 AM) ok i go fap then....fap.fap |
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Jan 7 2009, 10:31 PM
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Senior Member
1,262 posts Joined: Aug 2005 From: Mars
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QUOTE(coldfusionpower @ Jan 7 2009, 10:10 PM)  |
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Jan 7 2009, 10:35 PM
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Senior Member
2,932 posts Joined: Sep 2007
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That is the fun version, I don't think it makes any money...
This post has been edited by howszat: Jan 7 2009, 10:36 PM |
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Jan 8 2009, 12:32 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(cscheat @ Jan 7 2009, 11:31 PM) YAYA !!! mind to share which version are u on ? haha ... sorry i dont use EA .. manual trading all the way . just my dad using EA..i never trust EA to handle my money.... he tried a few including MesinDuit, RoboForex, ForexAutoPilot, FABTurbo, afew that cost more than rm1k ... |
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Jan 8 2009, 01:04 AM
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Senior Member
1,346 posts Joined: Jan 2003 From: Putrajaya & Siberjaya
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not doing good with EU today hahaha.. gosh continue again tomorrow
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 Jan 8 2009, 02:04 AM
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Newbie
1 posts Joined: Sep 2008
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guys..got new broker..and i'm searching for more members...very high investor incentive. Got promotion(ang pow) before chinese new year!!
 got free training also.. www.fxgbtrade.com. pm me if interested..  |
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Jan 8 2009, 08:58 AM
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All Stars
10,340 posts Joined: Jan 2003
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i feel this place has turn into a marketing area instead...... |
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Jan 8 2009, 11:33 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Moderator plz come in and control abit plz. Since when a analysis room bcome a fully marketing room.
All come in and promoting stuff. Then wan earn commision from there. zzz |
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Jan 8 2009, 12:44 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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i'm starting to open buy almost 40 post now ...on GJ and GU
then i will check only on daily/weekly chart |
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Jan 8 2009, 01:10 PM
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Senior Member
3,141 posts Joined: Nov 2006
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to those of u that use EA... good for u if the EA earns for u.. and better luck if it made u lose money. This is for FOREX DISCUSSIONS not bragging about how much is earned.
so PLEASE keep whatever "sure win" system or EA that u may have. |
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Jan 8 2009, 04:22 PM
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Junior Member
11 posts Joined: Jan 2009
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anyone facing lagging like stuck or keep requote during big news time ?
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Jan 8 2009, 04:56 PM
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Senior Member
1,346 posts Joined: Jan 2003 From: Putrajaya & Siberjaya
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guys, what did u think about EU now... i am undecided.. still looking for confirmation.
did open some short b4 london for 30-40pips btw, my 4H & M15 chart show the EU price in down channel This post has been edited by maiself: Jan 8 2009, 05:09 PM |
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Jan 8 2009, 05:21 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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now EU going for a quick retrace .. if the price bounces back creating another wave, a short is confirmed ...for me la .. i dont use bigger tf.. only M5 and M15.
Added on January 8, 2009, 5:25 pm QUOTE(kelvin_tan @ Jan 8 2009, 02:10 PM) so PLEASE keep whatever "sure win" system or EA that u may have. sifu kelvin angry edi ...cool man cool man .. just lets the mod knows about this ..QUOTE(HonaLulu @ Jan 8 2009, 05:22 PM) anyone facing lagging like stuck or keep requote during big news time ? yup ... i get that alot at news time.. but my spread still the same. some broker widen their spread on news.This post has been edited by coldfusionpower: Jan 8 2009, 05:25 PM |
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Jan 8 2009, 05:51 PM
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Junior Member
50 posts Joined: Mar 2007
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QUOTE(coldfusionpower @ Jan 8 2009, 05:21 PM) now EU going for a quick retrace .. if the price bounces back creating another wave, a short is confirmed ...for me la .. i dont use bigger tf.. only M5 and M15. What indicator are you using to trade EU bro?
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Jan 8 2009, 05:53 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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well to speak the truth, i dont really rely on the indicators .. trendline and elliotwave is the main indication for my trades ..
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Jan 8 2009, 06:31 PM
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Junior Member
11 posts Joined: Jan 2009
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QUOTE(sephiaric @ Jan 8 2009, 05:51 PM) What indicator are you using to trade EU bro? he is using elliot wave ! |
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Jan 8 2009, 07:13 PM
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Junior Member
50 posts Joined: Mar 2007
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Ok, thanks guys
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Jan 8 2009, 08:53 PM
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Senior Member
3,141 posts Joined: Nov 2006
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i'm not angry.. but i think this topic is meant for discussions
wish us all lots of pips ! |
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Jan 8 2009, 10:18 PM
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Senior Member
1,292 posts Joined: Dec 2004
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can i ask 1 thing, what if i go outstation and didnt trade for 1 month, will the broker close my live account?
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Jan 8 2009, 10:29 PM
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Senior Member
1,346 posts Joined: Jan 2003 From: Putrajaya & Siberjaya
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QUOTE(woopypooky @ Jan 8 2009, 10:18 PM) can i ask 1 thing, what if i go outstation and didnt trade for 1 month, will the broker close my live account? no. i dont think so. but u better read their terms. no trade for 1-2 month shld be no problem.. |
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Jan 8 2009, 10:31 PM
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Junior Member
317 posts Joined: Jun 2006
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which broker is best for scalping? broker that allow scalping?
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Jan 8 2009, 11:07 PM
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Senior Member
1,346 posts Joined: Jan 2003 From: Putrajaya & Siberjaya
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QUOTE(rpg @ Jan 8 2009, 10:31 PM) which broker is best for scalping? broker that allow scalping? im using ibfx - no problem.. |
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Jan 9 2009, 12:11 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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ahaa.. the trade i put didnt trigger and didnt make the Buy Wave coz i was out. no pc to monitor the market .. so miss it. oh well theres always tomoro..
sorry if the indication terrible abit. im using my dad laptop. now at my parents house. no picture editing software here.. p/s: anyone here using SHI Channel indicator ? i find it easier to see the price action without making the trendline manually .. before anyone ask, yes its a repaint indicator but still ok in my opinion. i use channels crosses to set my TP ..QUOTE(kelvin_tan @ Jan 8 2009, 09:53 PM) i'm not angry.. but i think this topic is meant for discussions haha .. yes bos ! wish us all lots of pips ! ... hope 2009 will be a great year for us !  QUOTE(woopypooky @ Jan 8 2009, 11:18 PM) can i ask 1 thing, what if i go outstation and didnt trade for 1 month, will the broker close my live account? yup no problem. i got one account still hv money and i didnt trade that one for more than 4 months edi. still ok . but better ask your broker to be safe . This post has been edited by coldfusionpower: Jan 9 2009, 12:16 AM |
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Jan 9 2009, 01:28 AM
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Junior Member
11 posts Joined: Jan 2009
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broker will not close clients account even u didnt trade it
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Jan 9 2009, 03:48 AM
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Senior Member
4,030 posts Joined: Apr 2008
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My younger brother's account that i manage for him. Zero losses in 4 weeks, flawless trades. WITHOUT EA; one month return of 30%
Initial capital: USD 985 And no, I am not MADOFF. This post has been edited by AdamG1981: Jan 9 2009, 03:54 AM |
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Jan 9 2009, 07:29 AM
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Junior Member
13 posts Joined: Dec 2006
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My trade journal
5.1.2009 GBP/USD Buy Entry : 1.4571 Stop Loss : 1.4541 -30pips  6.1.2009 GBP/USD Sell Entry : 1.4567 Stop Loss : 1.4587 Trailing Stop : 20pips +41pips Added on January 9, 2009, 7:33 am7.1.2009 GBP/USD Buy Entry : 1.4945 Stop Loss : 1.4915 Trailing Stop : 20pips +77pips 8.1.2009 (2 trades) GBP/USD Sell Entry : 1.5022 Stop Loss : 1.5052 Trailing Stop : 20pips +17pips GBP/USD Buy Entry : 1.5263 Stop Loss : 1.5138 Target : 1.5308 +45pips This post has been edited by joeee85: Jan 9 2009, 07:33 AM |
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Jan 9 2009, 08:36 AM
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All Stars
11,954 posts Joined: May 2007
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Look like you have profitable trade.
Why no you open FxManager. I'm sure many people will join. QUOTE(AdamG1981 @ Jan 9 2009, 03:48 AM) My younger brother's account that i manage for him. Zero losses in 4 weeks, flawless trades. WITHOUT EA; one month return of 30% Initial capital: USD 985 And no, I am not MADOFF. |
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Jan 9 2009, 10:06 AM
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Senior Member
3,158 posts Joined: Dec 2006
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i hope this will help ...
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Jan 9 2009, 10:12 AM
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All Stars
10,340 posts Joined: Jan 2003
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Yup... GJ is coming down....
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Jan 9 2009, 10:47 AM
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Senior Member
3,141 posts Joined: Nov 2006
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hahaha G... goonie's account being managed by you of course profit la.. soemmroe u dun take too much risk with his acc
but hell nice his profits.. |
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Jan 9 2009, 11:34 AM
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Junior Member
283 posts Joined: Aug 2005 From: KL - Subang - Damansara
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hye sifoos,
i'm really new and noob here ....my friends introduce me with this kuasaforex guys..from my observation this guy only provide method, tips and trends analysis tools... i've browse through on one of the forex broker platform which is FXCM. currently playing around with FXCM trial/demo platform for micro account... My noob questions: 1) is there any other recommended platform/broker for me to trade forex 2) please enlightened me any link which provide guide on forex for noobies like me. i dont even understand what pips is (i dont wanna irritate u guys) i just a newbie who need guidance from u guys. googling around without guidance may lead me to the wrong path so just wishing for positive feedback from u guys THANKS |
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Jan 9 2009, 11:52 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(silverbolt143 @ Jan 9 2009, 12:34 PM) My noob questions: 1) i use LiteForex (kinda louzy.. late at withdrawal. anything else ok) and IBFX .. so far so good1) is there any other recommended platform/broker for me to trade forex 2) please enlightened me any link which provide guide on forex for noobies like me. i dont even understand what pips is (i dont wanna irritate u guys) 2) babypips.com and forexfactory.com forum...but go to babypips first and go tru their school section .. if u done.. do it again .. and make sure to try the quiz also . not read only .. it helps .. owh .. welcome !  |
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Jan 9 2009, 12:01 PM
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Junior Member
283 posts Joined: Aug 2005 From: KL - Subang - Damansara
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QUOTE(coldfusionpower @ Jan 9 2009, 11:52 AM) 1) i use LiteForex (kinda louzy.. late at withdrawal. anything else ok) and IBFX .. so far so good thanks for the info bro...currently attending pre-schools at babypips 2) babypips.com and forexfactory.com forum...but go to babypips first and go tru their school section .. if u done.. do it again .. and make sure to try the quiz also . not read only .. it helps .. owh .. welcome ! regarding on late withdrawal, is there any local forex broker/online platform? i mean internally from malaysia... |
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Jan 9 2009, 12:07 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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well liteforex have a IB at kelantan . withdraw to my maybank account. on IBFX, never withdraw before. wanna accumulate that one . if not mistaken FxOpen also can . not sure tho ..
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Jan 9 2009, 12:09 PM
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Senior Member
1,346 posts Joined: Jan 2003 From: Putrajaya & Siberjaya
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one more broker is instaforex if not mistaken... maybe u can check the review on google/local forum
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Jan 9 2009, 12:30 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(normeck @ Jan 9 2009, 10:06 AM) i hope this will help ... Normeck I edited your chart. I now dun hav my PC wif me. So this is what I see from the chart.PS: That maybe is a H&S formation as well. But I'm not sure on that. This post has been edited by mphpopular: Jan 9 2009, 12:32 PM Attached thumbnail(s) 
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Jan 9 2009, 12:36 PM
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Junior Member
11 posts Joined: Jan 2009
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QUOTE(normeck @ Jan 9 2009, 10:06 AM) i hope this will help ... nice break from the trendline , hope u manage to grab some pips over there |
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Jan 9 2009, 01:00 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(MNet @ Jan 8 2009, 05:36 PM) Look like you have profitable trade. Nah, i only choose selective clients that can pay for my services.Why no you open FxManager. I'm sure many people will join. QUOTE(kelvin_tan @ Jan 8 2009, 07:47 PM) hahaha G... goonie's account being managed by you of course profit la.. soemmroe u dun take too much risk with his acc Most importantly, 30% profit every month, consistently. but hell nice his profits..Added on January 9, 2009, 1:05 pmMy WEEKLY TF trade Shorting Aussie, all the way down to 68. This post has been edited by AdamG1981: Jan 9 2009, 01:05 PM |
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Jan 9 2009, 01:52 PM
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Senior Member
2,214 posts Joined: Oct 2007
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30% is more than enough liao lor..
Beside, I believe GBP pair wil facing retracement now. GJ GU EG all will face retracement. I will be back to my own place by tonight. But already Friday. Cant trade. |
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Jan 9 2009, 05:36 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(AdamG1981 @ Jan 9 2009, 03:48 AM) My younger brother's account that i manage for him. Zero losses in 4 weeks, flawless trades. WITHOUT EA; one month return of 30% Some interesting fact, the power of compounding, if you compound it 30% every month, you will get MYR61,784.77 by end of 2009, see below:Initial capital: USD 985 And no, I am not MADOFF. Compound 30% per month from forex. month1=985 month2=1280.5 month3=1664.65 month4=2164.05 month5=2813.26 month6=3657.24 month7=4754.41 month8=6180.73 month9=8034.95 month10=10,445.44 month11=13,579.07 month12=17,652.79 Total: USD17,652.79x3.5 = MYR61,784.77 Added on January 9, 2009, 5:53 pm QUOTE(joeee85 @ Jan 9 2009, 07:29 AM) My trade journal What is the point of this thread? Show off?5.1.2009 GBP/USD Buy Entry : 1.4571 Stop Loss : 1.4541 -30pips 6.1.2009 GBP/USD Sell Entry : 1.4567 Stop Loss : 1.4587 Trailing Stop : 20pips +41pips Added on January 9, 2009, 7:33 am7.1.2009 GBP/USD Buy Entry : 1.4945 Stop Loss : 1.4915 Trailing Stop : 20pips +77pips 8.1.2009 (2 trades) GBP/USD Sell Entry : 1.5022 Stop Loss : 1.5052 Trailing Stop : 20pips +17pips GBP/USD Buy Entry : 1.5263 Stop Loss : 1.5138 Target : 1.5308 +45pips This post has been edited by bulkbiz: Jan 9 2009, 05:53 PM |
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Jan 9 2009, 06:22 PM
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Senior Member
3,141 posts Joined: Nov 2006
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heh yeap power of compounding is great
hopefully my account also can haha |
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Jan 9 2009, 06:52 PM
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Junior Member
491 posts Joined: Feb 2005 From: Cheras LRT
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61k, next year can resign jor.. fulltime forex!
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Jan 9 2009, 09:53 PM
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Senior Member
1,292 posts Joined: Dec 2004
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woah, EU price going crazy tonight, 100 pips in 5 minutes, and spread goes as big as 15 pips
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Jan 9 2009, 11:26 PM
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Senior Member
3,158 posts Joined: Dec 2006
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mph : thankz for correcting my chart....i learn something....
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Jan 9 2009, 11:35 PM
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Senior Member
2,214 posts Joined: Oct 2007
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i was late. If not we can make some pips from that chart
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Jan 9 2009, 11:59 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EU bull FLAG
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Jan 10 2009, 12:23 AM
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Senior Member
2,214 posts Joined: Oct 2007
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We know history repeat as a TA.
But is it this two look alike? Is it the EURAUD is a bump and run as well? http://stockcharts.com/school/doku.php?id=...nd_run_reversal Attached thumbnail(s) 
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Jan 10 2009, 02:19 AM
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All Stars
10,340 posts Joined: Jan 2003
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What i'm about to post up is my life in a WEEK~!!
There is a story in here... so learnt from my stupid mistake so you don't repeat wut i did..... I begin the week by being 1. Impatient. 2. Enter in and out very quickly 3. Trade on news. 4. Play very lower time frame THE BAD...... I begin here: 434266488, January 2 12:04:34 2009, , Close Trade, GBP/USD, 1.4516, 400, 1.4689, 1.4380, 434239906, , , -0.0028, 0.0160, 0.0132, 99.98 434268557, January 2 12:11:10 2009, , Close Trade, EUR/JPY, 127.2020, 300, 124.8450, 129.0000, 434058938, , , 0.0088, -1.3180, -1.3092, 98.67 434319939, January 2 15:55:28 2009, , Close Trade, AUD/USD, 0.7106, 400, 0.7153, 0.6959, 434257779, , , -0.0060, -2.0200, -2.0260, 68.60 434593671, January 4 21:09:54 2009, , Close Trade, AUD/USD, 0.7120, 1500, 0.6920, 0.7162, 434514034, , , 0.0172, -5.6550, -5.6378, 62.97 434665384, January 5 03:25:17 2009, , Close Trade, EUR/USD, 1.3759, 400, , , 434662739, , , -0.0001, 0.1720, 0.1719, 59.47 434676807, January 5 03:33:35 2009, , Close Trade, GBP/USD, 1.4486, 130, 1.4585, 1.4430, 434644371, , , -0.0004, 0.7150, 0.7146, 60.18 434676886, January 5 03:33:40 2009, , Close Trade, AUD/USD, 0.7093, 1500, 0.7186, 0.6972, 434594915, , , -0.0324, 2.9700, 2.9376, 63.12 435027080, January 5 21:41:01 2009, , Close Trade, AUD/USD, 0.7143, 700, 0.7161, 0.7065, 435006829, , , -0.0052, -1.2950, -1.3002, 31.53 AND ends here: 435027936, January 5 21:46:16 2009, , Close Trade, EUR/USD, 1.3594, 700, 1.3561, 1.3660, 435025753, , , 0.0002, 0.0560, 0.0562, 31.59 I loose everything in 2 trading days !!!! I realize i need to change.... to be: 1. More patience 2. Don't overtrade. Wait the trade to play out by itself. 3. Trade on rumour and sell on news. 4. Play higher time frame. For me its H3/H4 and Daily charts. SO remember where we were? 435027936, January 5 21:46:16 2009, , Close Trade, EUR/USD, 1.3594, 700, 1.3561, 1.3660, 435025753, , , 0.0002, 0.0560, 0.0562, 31.59 435781686, January 7 09:39:04 2009, , Close Trade, GBP/USD, 1.5077, 500, 1.4800, 1.5500, 435561737, , , 0.0054, 9.1000, 9.1054, 52.75 435781704, January 7 09:39:07 2009, , Close Trade, GBP/USD, 1.5078, 700, 1.4800, 1.5500, 435244049, , , 0.0147, 38.1080, 38.1227, 90.87 435786692, January 7 09:49:52 2009, , Close Trade, EUR/USD, 1.3682, 800, 1.3300, 1.4700, 435397585, , , 0.0214, 13.1200, 13.1414, 104.01 436092991, January 8 01:58:10 2009, , Close Trade, EUR/USD, 1.3660, 1000, 1.3680, 1.3300, 435787404, , , -0.0411, 2.6500, 2.6089, 106.62 I was distracted while talking with my gf...  p/s: make sure no girls are around. they normally don't bring good luck 436095256, January 8 02:04:05 2009, , Close Trade, AUD/USD, 0.7054, 1000, 0.6936, 0.7500, 435079745, , , 0.0221, -9.0600, -9.0379, 97.58 Anyhow, 436211165, January 8 07:02:38 2009, , Close Trade, GBP/JPY, 138.1260, 1000, 139.7000, 135.0000, 436034294, , , -0.0500, 17.9945, 17.9445, 115.53 436228420, January 8 07:27:22 2009, , Close Trade, EUR/JPY, 124.5260, 1000, 127.1000, 120.0000, 435789519, , , -0.0620, 28.4839, 28.4219, 143.95 436335362, January 8 10:34:14 2009, , Close Trade, AUD/USD, 0.7065, 1000, 0.6950, 0.7300, 436239151, , , 0.0064, 0.5400, 0.5464, 134.02 436368441, January 8 11:54:38 2009, , Close Trade, EUR/USD, 1.3702, 1000, 1.3300, 1.3980, 436267388, , , 0.0049, 0.5700, 0.5749, 134.60 436619152, January 9 04:54:27 2009, , Close Trade, EUR/USD, 1.3687, 1000, 1.3710, 1.3100, 436377509, , , -0.0533, 2.6400, 2.5867, 137.63 436624739, January 9 05:05:38 2009, , Close Trade, AUD/USD, 0.7047, 1000, 0.7150, 0.6800, 436582958, , , -0.0075, 3.0000, 2.9925, 140.62 436807545, January 9 11:52:35 2009, , Close Trade, USD/JPY, 90.2490, 1000, 91.8000, 88.8800, 435774927, , , -0.0236, 30.0280, 30.0044, 170.63 So... to sum it up 1. Learn to be more patience 2. Don't overtrade. 3. Trade on rumour and sell on news. 4. Play higher time frame. Just my 2 cents A special thanks to Adam for all he has taught me.... Thanks man... Listen to this guy.. his damn good at what he does.... This post has been edited by WhitE LighteR: Jan 10 2009, 02:22 AM |
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Jan 10 2009, 10:58 AM
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Junior Member
340 posts Joined: Sep 2006 From: Melbourne
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QUOTE(bulkbiz @ Jan 9 2009, 07:36 PM) Some interesting fact, the power of compounding, if you compound it 30% every month, you will get MYR61,784.77 by end of 2009, see below: ya at the same rate it'll only take you 10 years (985 * 1.3^120) to reach 46,412,878,860,152,899 USD, which is about 46 thousand trillion, more than the world GDP combined, you would own the whole world!Compound 30% per month from forex. month1=985 month2=1280.5 month3=1664.65 month4=2164.05 month5=2813.26 month6=3657.24 month7=4754.41 month8=6180.73 month9=8034.95 month10=10,445.44 month11=13,579.07 month12=17,652.79 Total: USD17,652.79x3.5 = MYR61,784.77 30% per month is simply not sustainable in the long term, because it is impossible I myself have made over 400% return in less than 2 months, but i know it's meaningless because i got lucky while over-leveraging, if i can maintain 30% per annum consistently in the long run, i would say it's a damn bloody good result and in forex it usually takes only a few bad judgment calls to wipe you out This post has been edited by orangysb: Jan 10 2009, 11:04 AM |
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Jan 10 2009, 01:44 PM
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Junior Member
283 posts Joined: Aug 2005 From: KL - Subang - Damansara
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hye guys, i have a sensitive question
» Click to show Spoiler - click again to hide... « |
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Jan 10 2009, 03:53 PM
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Senior Member
4,030 posts Joined: Apr 2008
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No problem Jerry, thanks for the compliment.
Anyways, everybody here i know wants to make quick money, again let me repeat myself, it's not how fast you make em, it's how you keep em. Risk management and money management and patience are more important than your skills of drawing trendlines, and analyzing fundamentals. And of course, the charts and the fundamentals don't lie. Do you really think EURO will go down to 1.20? Or below 1.30? Wishful thinking. The greatest printing press in the world are desperate to save its own economy, and they will come out with more creative ways for quantitative easing. Gold, oil? Sure they are dropping like a rock. But do you think DEMAND will not pick up with so much excess in M2, M3 supply? Think long term, not short term. Those who trade short term, can't see far, and therefore won't make much. Added on January 10, 2009, 4:37 pmUS LIABILITY: 1.5 TRILLION DOLLARS even without the new STIMULUS bill. A run on USD? I bet my balls it will happen.. This post has been edited by AdamG1981: Jan 10 2009, 04:37 PM |
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Jan 10 2009, 06:10 PM
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Senior Member
1,646 posts Joined: Jun 2007
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haha..yeah, too much of their treasuries perhaps. March will see US trying to dig out cash to pay the debt
on another note, german bund's yield is going down strong as well. |
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Jan 10 2009, 06:33 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(small-jeff @ Jan 10 2009, 03:10 AM) haha..yeah, too much of their treasuries perhaps. March will see US trying to dig out cash to pay the debt Haha, the unemployment rate is 7.2%, and it will get worst. But notice one thing, the market didnt crash. GU, AU, EU didn't crash, so what gives? on another note, german bund's yield is going down strong as well. 2.5% of long end T bills? I am having a laugh....... BUY EU, GU, AU on dips, SELL on rallies. |
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Jan 10 2009, 06:43 PM
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Senior Member
1,646 posts Joined: Jun 2007
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hahahaha...yeah, perhaps i dont have the money so that i dont understand why people wanna keep their money for 30 years with a merely 3% yield.
hm..but fundamentally and technically, i would be more prepare for the fall of USD at least after Obama goes into office.. |
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Jan 10 2009, 06:46 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Obama and Congress will DESTROY the DOLLAR so badly that it will be much more worth it to hold toilet paper because even the dollar cant wipe the shit from our ass.
Buy oil and gold. LONG LONG LONG commodities, silver, gold...etc |
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Jan 10 2009, 08:21 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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QUOTE(silverbolt143 @ Jan 10 2009, 01:44 PM) hye guys, i have a sensitive question if you really worried(unless you planning to trade up millions ringgit.. lol) go to Singapore, open a bank account and deposit the money from singapore. » Click to show Spoiler - click again to hide... « |
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Jan 10 2009, 11:55 PM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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I wonder why Eur/Usd can go down? Suppose high unemployment rate can cause the Eur/USD go up isn't it? As USD bcm weak. or this down is purely depend on Technical analysis?
Anyone can help me the clear this doubt? Thank you. |
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Jan 11 2009, 12:13 AM
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Junior Member
283 posts Joined: Aug 2005 From: KL - Subang - Damansara
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QUOTE(jong52yuara @ Jan 10 2009, 08:21 PM) if you really worried(unless you planning to trade up millions ringgit.. lol) go to Singapore, open a bank account and deposit the money from singapore. Good idea Anyway this is what i found so far with regards to Forex Trading in M'sia » Click to show Spoiler - click again to hide... « |
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Jan 11 2009, 01:05 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(siaokia @ Jan 10 2009, 11:55 PM) I wonder why Eur/Usd can go down? Suppose high unemployment rate can cause the Eur/USD go up isn't it? As USD bcm weak. or this down is purely depend on Technical analysis? all equity indexes gone south, monies went to bonds and/or treasuries. IMO, forex is rather difficult to solely depend on TA alone.Anyone can help me the clear this doubt? Thank you. |
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Jan 11 2009, 02:04 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Rush to safety, you sell risky assets to purchase T bills. When equity market is down, yen and usd appreciates. (but usd will depreciate against the yen)
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Jan 11 2009, 07:32 AM
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Senior Member
2,214 posts Joined: Oct 2007
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On list.
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Jan 11 2009, 12:13 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Hello LYN traders,
Just to share my reading on "Day Trading the Currency Market" by Kathy Lien. ---------------------------------------SNIP------------------------------------------------------------- FADING THE DOUBLE ZEROS One of the most widely overlooked yet lucrative areas of trading is market structure. Developing a keen understanding of micro structure and dynamics allows traders to gain an unbelievable advantage and is probably one of the most reliable tactic for profiting from intraday fluctuations. Developing a feel for and understanding of market dynamics is key to profitably taking advantage of short-term fluctuations. In foreign exchange trading this is especially critical as the primary influence of intraday price action is order flow. Given the fact that most individual traders are not privy to sell-side bank order flow, day traders looking to profit from short-term fluctuations need to learn how to identify and anticipate price zones where large order flows should be triggered. This technique is very efficient for intraday traders as it allows them to get on the same side as the market maker. When trading intraday, it is impossible to look for bounces off of every support or resistance level and expect to be profitable. The key to successful intraday trading requires that we be more selective and enter only at those levels where a reaction is more likely. Trading off psychologically important levels such as the double zeros or round numbers is one good way of identifying such opportunities. Double zeros represent numbers where the last two digits are zeros—for example, 107.00 in the USD/JPY or 1.2800 in the EUR/USD. After noticing how many times a currency pair would bounce off of double zero support or resistance levels intraday despite the underlying trend, we have noticed that the bounces are usually much bigger and more relevant than rallies off other areas. This type of reaction is perfect for intraday FX traders as it gives them the opportunity to make 50 pips while risking only 15 to 20 pips. Implementing this methodology is not difficult, but it does require individual traders to develop a solid feel for dealing room and market participant psychology. The idea behind why this methodology works is simple. Large banks with access to conditional order flow have a very distinct advantage over other market participants. The banks' order books give them direct insight into potential reactions at different price levels. Dealers will often use this strategic information themselves to put on short-term positions for their own accounts. Market participants as a whole tend to put conditional orders near or around the same levels. While stop-loss orders are usually placed just beyond the round numbers, traders will cluster their lake-profit orders at the round number. The reason why this occurs is because traders are humans and humans tend to think in round numbers. As a result, take-profit orders have a very high tendency of being placed at the double zero level. Since the FX market is a nonstop continuous market, speculators also use stop and limit orders much more frequently than in other markets. Large banks with access to conditional order flow, like stops and limits, actively seek to exploit these clustering of positions to basically gun stops. The strategy of fading the 82 double zeros attempts to put traders on the same side as market makers and basically positions traders for a quick contra-trend move at the double zero level. This trade is most profitable when there are other technical indicators that confirm the significance or the double zero level. Strategy Rules Long 1. First, locate a currency pair that is trading well below its intraday 20-period simple moving average on a 10- or 15-minute chart. 2. Next, enter a long position several pips below the figure (no more than 10). 3. Place an initial protective stop no more than 20 pips below the entry price. 4. When the position is profitable by double the amount that you risked, close half of the position and move your stop on the remaining portion of the trade to breakeven. Trail your stop as the price moves in your favor. Short 1. First, locate a currency pair that is trading well above its intraday 20-period simple moving average on a 10- or 15-minute chart. 2. Next, short the currency pair several pips above the figure (no more than 10). 3. Place an initial protective stop no more than 20 pips above the entry price. 4. When the position is profitable by double the amount that you risked, close half of the position and move your stop on the remaining portion of the trade to breakeven. Trail your stop as the price moves in your favor. -------------------------------------------------------------SNIP-------------------------------------------------- Regards, BULKBIZ |
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Jan 11 2009, 04:26 PM
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VIP
1,811 posts Joined: Jan 2003 From: ...too mUch...
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QUOTE(small-jeff @ Jan 11 2009, 01:05 AM) all equity indexes gone south, monies went to bonds and/or treasuries. IMO, forex is rather difficult to solely depend on TA alone. Ok. So now Eur/Usd went down. so that means USD get stronger isn'nt it? USD now use lesser money to change Euro. Am i rite? SO now unemployment release, but then Eur/Usd go south. Jeff so u mean if money wen to bonds / treasuries, USD will get stronger? |
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Jan 11 2009, 04:36 PM
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All Stars
11,954 posts Joined: May 2007
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QUOTE(siaokia @ Jan 11 2009, 04:26 PM) Ok. Correct coz now have many uncertainty so people will switch to more reliable currency USD and JPY So now Eur/Usd went down. so that means USD get stronger isn'nt it? USD now use lesser money to change Euro. Am i rite? SO now unemployment release, but then Eur/Usd go south. Jeff so u mean if money wen to bonds / treasuries, USD will get stronger? That what make them increase in value. |
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Jan 11 2009, 05:27 PM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(siaokia @ Jan 11 2009, 04:26 PM) Ok. Yes. People still see the Treasuries as a safe haven, despite Fed cutting rates and starting to print money (since China ain't borrowing). The stronger the US$ gain now, the greater it'll fall, pretty soon. We know China and Japan are the top holders of US debts, by the time they ask back for the money, will be the time USD to fall very BIG. So now Eur/Usd went down. so that means USD get stronger isn'nt it? USD now use lesser money to change Euro. Am i rite? SO now unemployment release, but then Eur/Usd go south. Jeff so u mean if money wen to bonds / treasuries, USD will get stronger? Just my view, not necessarily accurate |
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Jan 11 2009, 06:11 PM
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Senior Member
4,030 posts Joined: Apr 2008
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China has already mentioned they wont be buying too much treasuries in the near future.
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Jan 11 2009, 06:52 PM
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All Stars
11,954 posts Joined: May 2007
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QUOTE(small-jeff @ Jan 11 2009, 05:27 PM) Yes. People still see the Treasuries as a safe haven, despite Fed cutting rates and starting to print money (since China ain't borrowing). The stronger the US$ gain now, the greater it'll fall, pretty soon. We know China and Japan are the top holders of US debts, by the time they ask back for the money, will be the time USD to fall very BIG. Don't expect C and J to claim their money from U sooner or later.Just my view, not necessarily accurate Coz they know the situation and it will not benefit both party if they claim it at current situation. |
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Jan 11 2009, 07:34 PM
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Senior Member
4,030 posts Joined: Apr 2008
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China wont sell the T bills it has now, just slow down the purchase of T bills. Why would you want to finance a country that has leaky pockets?
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Jan 12 2009, 12:21 AM
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Senior Member
1,646 posts Joined: Jun 2007
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hmm... EU seems extremely bearish on the daily and weekly outlook. Perhaps an initial gain to 1.3670/80 first before falling back down?
hmmm.. |
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Jan 12 2009, 02:20 AM
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Senior Member
4,030 posts Joined: Apr 2008
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Jeff, don't worry, just a temporary setback for eU, its going to shoot up to 1.55
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Jan 12 2009, 02:34 AM
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Senior Member
2,214 posts Joined: Oct 2007
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Oil News
http://www.cnbc.com//id/28605200 Dunno y, I juz cant get into sleep. My eyes open so big when I lie on my bed. ZZZ I wan sleep This post has been edited by mphpopular: Jan 12 2009, 02:35 AM |
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Jan 12 2009, 11:16 AM
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Senior Member
2,214 posts Joined: Oct 2007
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UJ
We break the TL that day. AndI observe. The market only retrace up to 61.8% from the previous BULL move. If it break down the 61.8Fibo (70.09), then we might revisit previous LOW again. Beside, SToch oversold. This post has been edited by mphpopular: Jan 12 2009, 11:16 AM Attached thumbnail(s) 
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Jan 12 2009, 11:29 AM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(mphpopular @ Jan 12 2009, 11:16 AM) » Click to show Spoiler - click again to hide... « I agree with him on this. On the side note, by looking at this chart, if u take tht fibo and use as a retracement tool, 61.8% also shows that there is little strength for uj to move upward IF it even move up. The retracement from the drop is just too much. A very short term upward move is therefore probable but not sustainable imho, thus creating a LH. Once the upward move created enough OB on the SToch we might see it nose dive once again. So just becareful when trading this pair. This is however purely TA base tho. This post has been edited by WhitE LighteR: Jan 12 2009, 11:35 AM |
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Jan 12 2009, 04:09 PM
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Junior Member
343 posts Joined: Sep 2007
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hi guys, i am interested to be a forex trader. so far i have read a few things but i couldnt understand some of them. how did u guys manage to get to feed on the knowledge and how long did it take to u guys to get into live account? =D thanks in advance for the advice/s.
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Jan 12 2009, 05:15 PM
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Junior Member
38 posts Joined: Nov 2008
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Hi people, any idea about GBP/JPY ?
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Jan 12 2009, 05:27 PM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(atrocitines @ Jan 12 2009, 04:09 PM) hi guys, i am interested to be a forex trader. so far i have read a few things but i couldnt understand some of them. how did u guys manage to get to feed on the knowledge and how long did it take to u guys to get into live account? =D thanks in advance for the advice/s. Read alot from online and also e-books..It takes 3-6 month on demo before you can go live... this time should be used for you to test out all those strategy you've read and see which one suit you best. From there you can create one strategy which suit you the best and even create your own if you feel like it. Once you can book consistent profit, only than you are ready to play with real account. Even with real account you need to start slow and small. Coz the psychology of playing with real money is dif... in short.. u will get greedy can kill youself. |
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Jan 12 2009, 05:28 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(atrocitines @ Jan 12 2009, 04:09 PM) hi guys, i am interested to be a forex trader. so far i have read a few things but i couldnt understand some of them. how did u guys manage to get to feed on the knowledge and how long did it take to u guys to get into live account? =D thanks in advance for the advice/s. It takes ages....decad...joking!!!!!Just go to www.babypips.com and start learning!! Take the quiz and understand all the trading concept. Trading with real money is not a problem as long as you have money. Added on January 12, 2009, 7:26 pm QUOTE(xloklokx @ Jan 12 2009, 05:15 PM) Hi people, any idea about GBP/JPY ? no ideaThis post has been edited by bulkbiz: Jan 12 2009, 07:26 PM |
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Jan 12 2009, 10:10 PM
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Senior Member
1,646 posts Joined: Jun 2007
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vomit blood. profit hit SL on EU...luckily it's a +pip SL...hm...to remain consolidated until ECB's new rates?
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Jan 12 2009, 10:20 PM
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Senior Member
2,214 posts Joined: Oct 2007
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LOL, small jeff. I still observing. Found no opportunity. Boring
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Jan 12 2009, 10:42 PM
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Senior Member
1,646 posts Joined: Jun 2007
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look into smaller TF, entry upon higher high or lower low. however, this is not for big pips though.
Added on January 12, 2009, 10:45 pmwarning: equities moving down, treasuries up, bund down. This post has been edited by small-jeff: Jan 12 2009, 10:45 PM |
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Jan 13 2009, 06:21 AM
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Junior Member
149 posts Joined: Oct 2008
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Someone is asking me what "Leverage" means... how do i going to answer???
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Jan 13 2009, 06:37 AM
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Junior Member
343 posts Joined: Sep 2007
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something that can make u rich.
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Jan 13 2009, 07:02 AM
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Junior Member
149 posts Joined: Oct 2008
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Seems to be complicated to apply for IBFX. It needs power of attorney. Where can i get it?
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Jan 13 2009, 07:20 AM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(adreina @ Jan 13 2009, 07:02 AM) Seems to be complicated to apply for IBFX. It needs power of attorney. Where can i get it? Nope, there is no need for it.Just submit a photocopy of ur identification id + utility bill's address(in your name) that matched with ur identification id's address. And they will approve ur application within 3 working days. |
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Jan 13 2009, 07:46 AM
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Junior Member
149 posts Joined: Oct 2008
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Really...?
Than why need to print out the application form for that??? What a confusing! |
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Jan 13 2009, 07:55 AM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(adreina @ Jan 13 2009, 07:46 AM) Really...? Haiyah, please read carefully the statement :SThan why need to print out the application form for that??? What a confusing! QUOTE US Customers If you want someone else to trade your account then you need power of attorney trading authorization. Other than that, you will just need IC and ur utility bill. That's all. 1. Power of Attorney Trading Authorization form- This is needed only if you will be giving access to trade your account to someone other than yourself. It is not complicated as you think. Think simple as it is. Coz you may need this simple thinking while trading. Complexity will make your life miserable. |
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Jan 13 2009, 10:13 AM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(adreina @ Jan 13 2009, 07:46 AM) Really...? Do join us here once you're actively trading. You're opening a real account or a demo one?Than why need to print out the application form for that??? What a confusing! |
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Jan 13 2009, 11:04 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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ofcoz real .. if demo , dont need to fill those things maa .. just go download at broker site ...
yesterday i made a bad call .. -280pips ... lost usd400+ .. huhu ... next time dont want to vacation long time ... a few weeks doesnt trade, all judgement goes haywire ..haha |
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Jan 13 2009, 11:11 AM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(coldfusionpower @ Jan 13 2009, 11:04 AM) ofcoz real .. if demo , dont need to fill those things maa .. just go download at broker site ... Must be you went and long something rite?yesterday i made a bad call .. -280pips ... lost usd400+ .. huhu ... next time dont want to vacation long time ... a few weeks doesnt trade, all judgement goes haywire ..haha |
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Jan 13 2009, 11:16 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(adreina @ Jan 13 2009, 06:21 AM) Someone is asking me what "Leverage" means... how do i going to answer??? http://www.investopedia.com/terms/l/leverage.asp |
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Jan 13 2009, 02:21 PM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(nexus90210 @ Jan 13 2009, 01:29 PM) Guys, what do you think on Kishore M's course? Most of the thing they will teach you, you can easily learn by yourself for free. Coz you could easily spend literally thousands to pay for such courses. All you need is patience to learn and practice it yourself without going to any course. You sure can do it...I came across the course here: Make money in Forex Anyone been for his course? I really feel like joining in but I need your advice or opinion before i do so. Thanks! |
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Jan 13 2009, 03:21 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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last year, i did go to a forex course .. cost me 7k ... and they just teach u the very basics and trading method based on a simplified Elliot Wave..that i already used.. their FX clinic (advance course) are located either at SG or penang for 15k ..
Whitelighter is right .. most of the stuff that they teach already available all across the web. just need to be found .. |
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Jan 13 2009, 03:24 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(atrocitines @ Jan 13 2009, 06:37 AM) something that can make u rich. actually trading forex is not a way to be rich .if i can buy new BMW 335i , then i will just quit my job and maintain my profit ...no need to be rich ... |
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Jan 13 2009, 07:23 PM
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Senior Member
1,120 posts Joined: Jul 2006
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his course not cheap. Around at least RM6K++.
To me, it is not worth to attend it. Very basic enough for you to learn by yourself. For example: He create so much strategy name like Absolute Pips Gains (technically it is refering to Bollinger Band. Buy when it reach floor, sell when it reach roof, wtf. So funny names.) Better use these 6K to invest FX and consult here in case you have any doubts. We will gladly to answer it. Just remember to treat us free dinner, lunch when you gain some..lol Learn step by step in babypips.com. Go through all of it. Get basic knowledge on what is Forex first. |
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Jan 13 2009, 08:13 PM
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Senior Member
1,646 posts Joined: Jun 2007
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why dont you give me the money, and i'll teach you?
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Jan 13 2009, 08:37 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(small-jeff @ Jan 13 2009, 08:13 PM) why dont you give me the money, and i'll teach you? Can't be like that. share - share. How about 50:50? muahaha |
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Jan 13 2009, 08:42 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(coldfusionpower @ Jan 13 2009, 03:21 PM) last year, i did go to a forex course .. cost me 7k ... and they just teach u the very basics and trading method based on a simplified Elliot Wave..that i already used.. their FX clinic (advance course) are located either at SG or penang for 15k .. You should go for the courses that will teach you their tested trading strategy...not those teach you how to use indicator!!! Choose carefully!!!...I never go for any courses, but I have a few friends attending forex courses in singapore...the instructor teach them some strategy to profit in forex...and it really works...but the course fee really sweat me.... Whitelighter is right .. most of the stuff that they teach already available all across the web. just need to be found .. |
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Jan 13 2009, 09:00 PM
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Senior Member
1,646 posts Joined: Jun 2007
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anyone listens to bloomberg radio? somehow their programs seems to have a lot of ads these days. Perhaps too many people cancel their bloomberg terminal
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Jan 13 2009, 09:35 PM
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Senior Member
975 posts Joined: Feb 2005 From: KL
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I long GU, AU and NU .... who knoes it goes downtrend..... keep on holding it tight.
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Jan 13 2009, 09:53 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(Felice821 @ Jan 13 2009, 09:35 PM) I long GU, AU and NU .... who knoes it goes downtrend..... keep on holding it tight. AU & NU will going deep down. NZD interest rate meeting 29th Feb. AUD meeting on 3rd February.Better watch out. Set stop loss. Dun hold tight until whole acc hit margin call GBP weakest currency of all major pairs. Better long EURO rather than GBP. |
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Jan 13 2009, 10:39 PM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(coldfusionpower @ Jan 13 2009, 03:21 PM) last year, i did go to a forex course .. cost me 7k ... and they just teach u the very basics and trading method based on a simplified Elliot Wave..that i already used.. their FX clinic (advance course) are located either at SG or penang for 15k .. haha... fx1 academic.... hehe Whitelighter is right .. most of the stuff that they teach already available all across the web. just need to be found .. This post has been edited by jack2: Jan 13 2009, 10:40 PM |
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Jan 13 2009, 10:43 PM
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Senior Member
975 posts Joined: Feb 2005 From: KL
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QUOTE(dreams_achiever @ Jan 13 2009, 09:53 PM) AU & NU will going deep down. NZD interest rate meeting 29th Feb. AUD meeting on 3rd February. Sigh!...... It hit fibo 61.8 points.... so i thought can go long....who knoes.....!Better watch out. Set stop loss. Dun hold tight until whole acc hit margin call GBP weakest currency of all major pairs. Better long EURO rather than GBP. |
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Jan 13 2009, 11:56 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(bulkbiz @ Jan 13 2009, 09:42 PM) You should go for the courses that will teach you their tested trading strategy...not those teach you how to use indicator!!! Choose carefully!!!... well they did teach a method .. a simplified version of Elliot Wave.. and at that time noob ma. know nothing. tempted .. QUOTE(small-jeff @ Jan 13 2009, 10:00 PM) anyone listens to bloomberg radio? somehow their programs seems to have a lot of ads these days. Perhaps too many people cancel their bloomberg terminal bloomberg has radio ? have terminal ? ohoo . need to google about this ..QUOTE(jack2 @ Jan 13 2009, 11:39 PM) haha... fx1 academic.... hehe haha are u one of them ? im among the first batch .. KL1 ..QUOTE(Felice821 @ Jan 13 2009, 11:43 PM) Sigh!...... It hit fibo 61.8 points.... so i thought can go long....who knoes.....! GU already long for 3 days ...
my GU trade for the day .. 
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Jan 14 2009, 12:05 AM
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Junior Member
103 posts Joined: Jul 2008
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QUOTE(Felice821 @ Jan 13 2009, 10:43 PM) Sigh!...... It hit fibo 61.8 points.... so i thought can go long....who knoes.....! do you pull the trigger just because it hit 61.8 fib levle? |
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Jan 14 2009, 12:11 AM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(Felice821 @ Jan 13 2009, 09:35 PM) I long GU, AU and NU .... who knoes it goes downtrend..... keep on holding it tight. UGPMAdded on January 14, 2009, 1:01 am QUOTE(r326196 @ Jan 14 2009, 12:05 AM) do you pull the trigger just because it hit 61.8 fib levle? Wrong way to use FiboAdded on January 14, 2009, 1:02 am QUOTE(coldfusionpower @ Jan 13 2009, 11:56 PM) well they did teach a method .. a simplified version of Elliot Wave.. and at that time noob ma. know nothing. tempted .. You long GU too early. Never trade against trend. But also never try to catch trend when its too low down. bloomberg has radio ? have terminal ? ohoo . need to google about this .. haha are u one of them ? im among the first batch .. KL1 .. GU already long for 3 days ...
my GU trade for the day ..
This post has been edited by WhitE LighteR: Jan 14 2009, 01:02 AM |
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Jan 14 2009, 02:04 AM
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Senior Member
975 posts Joined: Feb 2005 From: KL
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QUOTE(coldfusionpower @ Jan 13 2009, 11:56 PM) well they did teach a method .. a simplified version of Elliot Wave.. and at that time noob ma. know nothing. tempted .. Noob here... cant understand the chart well... you long how come the SL at top and TP at bottom? bloomberg has radio ? have terminal ? ohoo . need to google about this .. haha are u one of them ? im among the first batch .. KL1 .. GU already long for 3 days ...
my GU trade for the day ..
QUOTE(r326196 @ Jan 14 2009, 12:05 AM) do you pull the trigger just because it hit 61.8 fib levle? What it means? |
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Jan 14 2009, 02:59 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(WhitE LighteR @ Jan 14 2009, 01:11 AM) You long GU too early. Never trade against trend. But also never try to catch trend when its too low down. eh sorry . i mean short ... if long i bankrup edi .. haha and its pretty obvious from the 2nd chart isnt it . This post has been edited by coldfusionpower: Jan 14 2009, 06:05 AM Attached thumbnail(s) 
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Jan 14 2009, 12:39 PM
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All Stars
52,874 posts Joined: Jan 2003
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More M’sians buying into pound as currency weakens
URL: http://biz.thestar.com.my/news/story.asp?f...93&sec=business |
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Jan 14 2009, 02:46 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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QUOTE(Felice821 @ Jan 14 2009, 02:04 AM) Noob here... cant understand the chart well... you long how come the SL at top and TP at bottom? he is selling. so when the price drop more, he get more profits. so his TP at btm. SL at top. What it means? when u buying, if the price drop more, u will become poor. |
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Jan 14 2009, 03:42 PM
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Junior Member
10 posts Joined: Jan 2009
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i represent broker www.nordmarkets.com . anyone interested in managed account, email me edy@jubileefund.com . i will send audited track record.
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Jan 14 2009, 04:57 PM
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All Stars
10,340 posts Joined: Jan 2003
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436866017, January 9 15:11:00 2009, , Take Profit, EUR/JPY, 121.4000, 1000, , 121.4000, 436848287, , , -0.0053, 0.0885, 0.0832, 170.71
437167169, January 11 23:45:20 2009, , Close Trade, USD/JPY, 90.1030, 1000, 92.0000, 87.2000, 437085506, , , -0.0091, 0.1110, 0.1019, 170.28 437635591, January 13 02:50:59 2009, , Close Trade, USD/JPY, 89.1360, 1000, 90.0000, 88.0000, 437575523, , , -0.0051, 3.3320, 3.3269, 213.65 437636064, January 13 02:52:34 2009, , Close Trade, GBP/USD, 1.4682, 1000, 1.4900, 1.4500, 437575324, , , -0.0156, 9.2000, 9.1844, 222.83 437636295, January 13 02:53:25 2009, , Close Trade, EUR/USD, 1.3256, 1000, 1.3493, 1.2900, 437549100, , , -0.0293, 8.1300, 8.1007, 230.94 437838409, January 13 11:34:42 2009, , Close Trade, EUR/USD, 1.3209, 1000, 1.3500, 1.3000, 437777555, , , -0.0083, 0.4600, 0.4517, 231.39 438048454, January 14 00:55:32 2009, , Stop Loss, AUD/JPY, 60.9610, 1000, 60.9610, , 437092878, , , -0.0288, 22.3506, 22.3218, 253.33 438050754, January 14 01:03:00 2009, , Stop Loss, AUD/USD, 0.6800, 1500, 0.6800, , 436766030, , , -0.0445, 36.5850, 36.5405, 289.87 438054944, January 14 01:17:05 2009, , Close Trade, GBP/JPY, 131.1730, 1000, , 127.0000, 436373660, , , -0.0324, 79.2512, 79.2188, 369.09 438085242, January 14 03:10:17 2009, , Close Trade, EUR/JPY, 119.4450, 1000, 120.2000, 114.0000, 437117123, , , -0.0424, 21.8763, 21.8339, 374.53 |
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Jan 14 2009, 07:24 PM
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All Stars
11,954 posts Joined: May 2007
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QUOTE(jubilee_trader @ Jan 14 2009, 03:42 PM) i represent broker www.nordmarkets.com . anyone interested in managed account, email me edy@jubileefund.com . i will send audited track record. Your broker bucket shop ke? |
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Jan 14 2009, 07:39 PM
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Junior Member
340 posts Joined: Sep 2006 From: Melbourne
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QUOTE(MNet @ Jan 14 2009, 09:24 PM) Your broker bucket shop ke? The website looks pretty professional and it's got all the relevant information in regulatory compliance and all. Looks legit to me, maybe i'll open a demo account to see how it's like, but i'm pretty ok with Oanda so far. |
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Jan 14 2009, 08:05 PM
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Junior Member
10 posts Joined: Jan 2009
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tak main bucket shop....standard account linked to currenex..... call me if need help...just chit chat 014-9100623
start februari ada demo contest....prize usd100k This post has been edited by jubilee_trader: Jan 14 2009, 08:08 PM |
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Jan 14 2009, 09:17 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(jubilee_trader @ Jan 14 2009, 03:42 PM) i represent broker www.nordmarkets.com . anyone interested in managed account, email me edy@jubileefund.com . i will send audited track record. GTFOAdded on January 14, 2009, 9:18 pm QUOTE(jubilee_trader @ Jan 14 2009, 08:05 PM) tak main bucket shop....standard account linked to currenex..... call me if need help...just chit chat 014-9100623 you too GTFO.....damn, moderator take action larstart februari ada demo contest....prize usd100k This post has been edited by bulkbiz: Jan 14 2009, 09:18 PM |
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Jan 14 2009, 09:52 PM
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Senior Member
1,646 posts Joined: Jun 2007
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haha...loved the slide...
OT: is the chat room closed? |
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Jan 15 2009, 04:16 AM
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Senior Member
3,141 posts Joined: Nov 2006
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the chatroom is buggy at times jeff.. sometimes it goes offline for some reason.. dunno y
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Jan 15 2009, 08:12 AM
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All Stars
10,340 posts Joined: Jan 2003
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Dear Customers,
As some malfunctions with Windows Live service, Messenger group also has problems accordingly: When you create a new group or join a group, maybe the group is offline but you still can chat with others in the group or open the Activity Panel etc.. If you cannot send a nudge, please try to type /open. (If you cannot use the command, please try again later.) We are very sorry for any inconvenience this may caused. We are contacting with Windows Live service providers now and hope these problems will be fixed soon. Thanks for your support about Messenger Group. http://forum.groups.im/viewtopic.php?f=6&t=775 ------------ Well in any case i tried that the other day and still doesnt work. Someone inside the thread suggest adding and removing the group... this one i nvr tried yet |
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Jan 15 2009, 10:32 AM
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All Stars
11,954 posts Joined: May 2007
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QUOTE(jubilee_trader @ Jan 14 2009, 08:05 PM) tak main bucket shop....standard account linked to currenex..... call me if need help...just chit chat 014-9100623 ur broker NFA approved ke?start februari ada demo contest....prize usd100k |
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Jan 15 2009, 03:00 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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QUOTE(MNet @ Jan 15 2009, 10:32 AM) ur broker NFA approved ke? nordsmarket is in Sweden, NFA is for USA.This post has been edited by jong52yuara: Jan 16 2009, 05:04 PM |
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Jan 15 2009, 03:57 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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GJ TF1H
 no interesting movement , all bearish ... |
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Jan 15 2009, 11:05 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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market really crazy today .. plenty of news time ..
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Jan 16 2009, 12:57 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE ODL Securities Sells US Business Print E-mail ODL Securities Sells US Business 15 January 2009 - ODL Securities, the leading independent FOREX, derivatives, equity, spread betting and commodity trading house has sold the US division of its profit making US Forex business to Forex Capital Markets LLC (FXCM). The move follows the current and planned implementation of new and more complex regulatory rules that have made it increasingly burdensome for all Forex Dealer Members to operate in the United States. These include increases in the minimum amount of regulatory capital that a Forex Dealer Member must maintain - up by three times over the past year and due to increase further in May to $30mn. A strategic decision was therefore taken by ODL to use its financial capital more efficiently to fuel its growth in other parts of the world. As part of its expansion strategy ODL Securities will open new JV offices in Turkey and Australia in the very near future, and expand its operations in Japan and Canada. In the UK head office, the business has been restructured to improve its offering with a focus on multi-lingual customer service and support (ODL now has clients from over 100 countries). Announcing the sale, Graham Wellesley, Chief Executive of ODL Securities, said: "This has been a hard decision for us to make, ODL Securities Inc. is a very successful and profitable operation, but we could not justify disproportionately supporting one of our smaller subsidiaries. "We remain firmly committed to expanding our international reach and to that end we have dramatically strengthened the management and resources of our UK Sales and Servicing Teams as well as developing new ventures in Europe, Asia and Australia. We remain profitable and our strategy will continue to focus on growing the business in 2009.." Notes to Editors ODL Securities is a leading, independent Forex, derivatives, equity, spread betting & commodity trading house with regulated offices in UK, Japan and Canada. ODL Securities Limited is authorised and regulated by the Financial Services Authority, and is a member firm of the London Stock Exchange, Euronext LIFFE. and a member of APCIMS. For further information please visit www.odlsecurities.com |
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Jan 16 2009, 07:17 AM
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Junior Member
10 posts Joined: Jan 2009
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nordmarkets is applying for a banking license..dont worry about the regulations...we are regulated... we will stay for long long time..
average monthly profit last year 51.85% |
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Jan 16 2009, 10:23 AM
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Senior Member
1,749 posts Joined: Oct 2007
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yesterday din trade as the market was so volatile. up and down, up and down. and I also missed those long candles
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Jan 16 2009, 11:19 AM
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Senior Member
2,214 posts Joined: Oct 2007
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On list
This post has been edited by mphpopular: Jan 16 2009, 11:20 AM Attached thumbnail(s) 
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Jan 16 2009, 12:09 PM
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Senior Member
1,523 posts Joined: Dec 2007 From: Puchong...
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good..thanks |
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Jan 16 2009, 01:54 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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who using fxopen here?mph popular?
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Jan 16 2009, 02:16 PM
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All Stars
11,954 posts Joined: May 2007
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QUOTE(jubilee_trader @ Jan 16 2009, 07:17 AM) nordmarkets is applying for a banking license..dont worry about the regulations...we are regulated... we will stay for long long time.. Wahhhhaverage monthly profit last year 51.85% Your broker are not NFA approved Very dangerous put money at your broker. |
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Jan 16 2009, 02:41 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(jubilee_trader @ Jan 16 2009, 07:17 AM) nordmarkets is applying for a banking license..dont worry about the regulations...we are regulated... we will stay for long long time.. wahhh scammer....scary man....eh u know what is candlestickaverage monthly profit last year 51.85% |
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Jan 16 2009, 02:49 PM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(bulkbiz @ Jan 16 2009, 02:41 PM) wahhh scammer....scary man....eh u know what is candlestick what is candlestick ar?sorry.. noob kthxbye |
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Jan 16 2009, 03:17 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(victor131490 @ Jan 16 2009, 01:54 PM) who using fxopen here?mph popular? i got use. Y? |
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Jan 16 2009, 04:54 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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QUOTE(MNet @ Jan 16 2009, 02:16 PM) Wahhhh NFA is for USA only.. Your broker are not NFA approved Very dangerous put money at your broker. broker in Sweden should be registered with Swedish FSA. Swedish Financial Authority, www.fi.se http://www.fi.se/Templates/InstitutDetails...a=en&idx=068487 This post has been edited by jong52yuara: Jan 16 2009, 04:58 PM |
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Jan 16 2009, 05:12 PM
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All Stars
10,340 posts Joined: Jan 2003
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Abit sad that there is only one thread for Forex kaki's....
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Jan 16 2009, 07:26 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(jubilee_trader @ Jan 16 2009, 08:17 AM) nordmarkets is applying for a banking license..dont worry about the regulations...we are regulated... we will stay for long long time.. why not you stop promoting ur broker here because we dont care and i dont care how much profit you have last year. this is a discussion thread not a self promoting section....thanksaverage monthly profit last year 51.85% |
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Jan 16 2009, 09:37 PM
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Senior Member
958 posts Joined: Jan 2003 From: cyberspace
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QUOTE(David83 @ Jan 14 2009, 12:39 PM) More M’sians buying into pound as currency weakens why people buy the currency when they weakens?URL: http://biz.thestar.com.my/news/story.asp?f...93&sec=business I dun think pound at the bottom now.. expecting more bearish for more one or two years.. This post has been edited by gmos: Jan 16 2009, 09:37 PM |
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Jan 16 2009, 10:35 PM
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Junior Member
10 posts Joined: Jan 2009
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maybe we should open new thread for promotion...thanks
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Jan 17 2009, 12:33 AM
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Junior Member
310 posts Joined: Jan 2007
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i just came back from a FOREX seminar, organized by FX1, using the MIG platform broker. Anyone of you using it, is it secure?
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Jan 17 2009, 12:37 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(jubilee_trader @ Jan 16 2009, 11:35 PM) maybe we should open new thread for promotion...thanks u should ask the moderator ...QUOTE(Makakeke @ Jan 17 2009, 01:33 AM) i just came back from a FOREX seminar, organized by FX1, using the MIG platform broker. Anyone of you using it, is it secure? FX1 Academy ? say hi to jacky for me .. p/s: i dont think anybody here uses MIG ..most are IBFX or Aonda or FXopen |
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Jan 17 2009, 08:00 AM
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Senior Member
1,120 posts Joined: Jul 2006
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Sigh, what happen to this FX thread!
So many ppl scamming here. We no need any brokers promotion as we all have our own broker to trade already. We are open for FX discussion rather than promoting their bucket shop. Come on, please! Stop spamming here. Thanks alot . |
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Jan 17 2009, 08:08 AM
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All Stars
15,192 posts Joined: Oct 2004
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QUOTE(Makakeke @ Jan 17 2009, 12:33 AM) i just came back from a FOREX seminar, organized by FX1, using the MIG platform broker. Anyone of you using it, is it secure? Paid RM6-7k+ for that seminar right? QUOTE(coldfusionpower @ Jan 17 2009, 12:37 AM) u should ask the moderator ... HeheFX1 Academy ? say hi to jacky for me .. p/s: i dont think anybody here uses MIG ..most are IBFX or Aonda or FXopen |
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Jan 17 2009, 09:57 AM
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All Stars
52,874 posts Joined: Jan 2003
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Jan 17 2009, 10:10 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(gmos @ Jan 16 2009, 09:37 PM) why people buy the currency when they weakens? your ID reminds me of group soros1forex I dun think pound at the bottom now.. expecting more bearish for more one or two years.. |
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Jan 17 2009, 11:39 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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What is this chart telling? A support line at 1.4470, a scalp line at 1.4980. When the EMA5(red) cross EMA10(blue), put TP at 1.4600 or 1.4500(double zero round number) as your TP1(first take profit). Getting profit should not be a problem here, just watch out for news event. This post has been edited by bulkbiz: Jan 17 2009, 11:51 AM |
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Jan 17 2009, 12:22 PM
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Senior Member
1,646 posts Joined: Jun 2007
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dont forget, obama is taking office next week. that'll be a mover.
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Jan 17 2009, 04:11 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Pay me RM 1000 and i will tell you WHAT You need to know to be a successful trader.
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Jan 17 2009, 07:03 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(small-jeff @ Jan 17 2009, 12:22 PM) dont forget, obama is taking office next week. that'll be a mover. Yeap that is FA, that is why I said watch out for news event..Added on January 17, 2009, 7:04 pm QUOTE(AdamG1981 @ Jan 17 2009, 04:11 PM) Pay me RM 1000 and i will tell you WHAT You need to know to be a successful trader. If I am good in both TA and FA...then I am a good trader. As simple as that???? I don't know:)..ok lah...read your blog in order to become a sucessful trader, hahaha. Finally you have a blog...U give a lot of information in chatroom but no one jot down...with this blog, huhu...good goodAdded on January 17, 2009, 10:51 pmDamn boring, cannot trade. This post has been edited by bulkbiz: Jan 17 2009, 10:51 PM |
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Jan 17 2009, 11:19 PM
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Senior Member
1,120 posts Joined: Jul 2006
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GU chart:
Basically it is trading in the range. Can spot a strong horizontal support and resistance level. Somehow it looked like invested H&S to me after tremendous downtrend. Look for BO when it break LH TL. Once BO confirmed, inverted HS will be complete. Anyway, it need to break horizontal S&R line in order to have upwards momentum. Attached thumbnail(s) 
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Jan 17 2009, 11:58 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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Today i met adam. he is superb friendly. teach me somehow about the forex. very useful tips and advice.
He is definitely going to be hedge fund manager in the future. Trade is going on next week. CNY coming soon. So anyone trading on CNY week? |
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Jan 18 2009, 12:24 AM
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Senior Member
2,214 posts Joined: Oct 2007
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I willl be off during CNY.
Beside, who are fxcm user here? Who know what time fxcm open trading by monday? |
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Jan 18 2009, 01:04 AM
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Senior Member
1,646 posts Joined: Jun 2007
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it's around 5am during winter...usually it'll be around 4am..if i'm not mistaken
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Jan 18 2009, 09:53 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(mphpopular @ Jan 18 2009, 12:24 AM) I willl be off during CNY. I am using fxcm, but I don't know what time the market open for fxcm. How to check?Beside, who are fxcm user here? Who know what time fxcm open trading by monday? |
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Jan 18 2009, 02:53 PM
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Junior Member
340 posts Joined: Sep 2006 From: Melbourne
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QUOTE(bulkbiz @ Jan 18 2009, 11:53 AM) I am using fxcm, but I don't know what time the market open for fxcm. How to check? I thought you can start trading whenever the market opens, the online brokerages start operating whenever trading begins don't they? In fact you can place your trades now and leave them there until whenever activity occurs, at least that's the case for Oanda.The very first market that opens is probably New Zealand's, which is like about 6am Sydney/Melbourne time. |
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Jan 18 2009, 03:20 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EU h4 chart self explain
Attached thumbnail(s) 
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Jan 18 2009, 06:39 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EG h4 double btm
Attached thumbnail(s) 
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Jan 18 2009, 06:40 PM
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Senior Member
2,214 posts Joined: Oct 2007
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USDCHF
Attached thumbnail(s) 
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Jan 18 2009, 06:57 PM
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Senior Member
2,214 posts Joined: Oct 2007
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USDCAD h4
Attached thumbnail(s) 
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Jan 18 2009, 07:19 PM
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Senior Member
2,214 posts Joined: Oct 2007
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UJ posible?
Attached thumbnail(s) 
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Jan 18 2009, 07:29 PM
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Senior Member
2,214 posts Joined: Oct 2007
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GJ more confuse than enough.
We go all the way down. But MACD goes all the way up Attached thumbnail(s) 
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Jan 18 2009, 09:26 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(bulkbiz @ Jan 17 2009, 08:03 PM) If I am good in both TA and FA...then I am a good trader. As simple as that???? I don't know:)..ok lah...read your blog in order to become a sucessful trader, hahaha. Finally you have a blog...U give a lot of information in chatroom but no one jot down...with this blog, huhu...good good added adams blog link to mine ... really good blog .. even i have headache trying to understand it .. haha |
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Jan 18 2009, 11:49 PM
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All Stars
10,340 posts Joined: Jan 2003
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Below is just wut i think...
QUOTE(mphpopular @ Jan 18 2009, 03:20 PM) EU h4 chart self explain DownQUOTE(mphpopular @ Jan 18 2009, 07:19 PM) UJ posible? UpQUOTE(mphpopular @ Jan 18 2009, 07:29 PM) GJ more confuse than enough. DownWe go all the way down. But MACD goes all the way up |
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Jan 19 2009, 10:18 AM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(mphpopular @ Jan 18 2009, 07:29 PM) GJ more confuse than enough. It's actually not the MACD going up but the moving averages going up.We go all the way down. But MACD goes all the way up With MACD you should not look at the moving averages themselves but the histogram and the signal line (which you don't have in the chart). Added on Had another look at your graph. It doesn't correspond to the MACD or MA on my charts, so I don't know what they are! This post has been edited by howszat: Jan 19 2009, 12:01 PM |
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Jan 19 2009, 01:16 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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My scalping on GU
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Jan 19 2009, 05:23 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EURAUD h4, posible H&S?
Attached thumbnail(s) 
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Jan 19 2009, 07:13 PM
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Senior Member
1,292 posts Joined: Dec 2004
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i am thinking, what do to in the event streamyx line down? other than putting stoplosses ?
-what will u guys do? fast fast go to cybercafe that uses jaring? what if it is 12am? This post has been edited by woopypooky: Jan 19 2009, 07:14 PM |
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Jan 19 2009, 07:28 PM
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Senior Member
3,141 posts Joined: Nov 2006
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too bad then.. because ur TP and SL should be done to suit ur trading style.. it happened to me before.. i got some losses and some wins from blackout on streamyx..
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Jan 19 2009, 08:01 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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for me, i have two separate lines .. one streamyx and another is jaring wireless. i also got the maxis usb modem for emergency or going out with laptop....
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Jan 19 2009, 08:51 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(coldfusionpower @ Jan 19 2009, 08:01 PM) for me, i have two separate lines .. one streamyx and another is jaring wireless. i also got the maxis usb modem for emergency or going out with laptop.... wah! really have perfect backup plan. professional trader! Well for me, i think i will rush to kopitiam that have wifi and connect using with my pda. Close all positions that are open. |
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Jan 19 2009, 10:07 PM
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Senior Member
2,932 posts Joined: Sep 2007
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Or you can have the brokers hotline handy, and ring them to close.
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Jan 19 2009, 11:26 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(dreams_achiever @ Jan 19 2009, 09:51 PM) wah! really have perfect backup plan. professional trader! where got pro .. if bro i become adam edi .. haha .. i hv experience with lost connection. around midnight, i already at 120+pips didnt close it and put trailling stop then go sleep . when i got up see price still there. theres no connection. after calling some ppl, it turns out someone actually stole whole 14floor of wires at the phone main terminal lines. Well for me, i think i will rush to kopitiam that have wifi and connect using with my pda. Close all positions that are open. after that, i gonna make sure i will have three active line at all times.  anyway, my best trade today .. 
This post has been edited by coldfusionpower: Jan 19 2009, 11:35 PM |
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Jan 19 2009, 11:57 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(bulkbiz @ Jan 17 2009, 11:39 AM)
What is this chart telling? A support line at 1.4470, a scalp line at 1.4980. When the EMA5(red) cross EMA10(blue), put TP at 1.4600 or 1.4500(double zero round number) as your TP1(first take profit). Getting profit should not be a problem here, just watch out for news event. 
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Jan 20 2009, 08:05 AM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(woopypooky @ Jan 19 2009, 07:13 PM) i am thinking, what do to in the event streamyx line down? other than putting stoplosses ? This is exactly wut happened to me yesterday. Thats is why SL is important-what will u guys do? fast fast go to cybercafe that uses jaring? what if it is 12am? QUOTE(coldfusionpower @ Jan 19 2009, 08:01 PM) for me, i have two separate lines .. one streamyx and another is jaring wireless. i also got the maxis usb modem for emergency or going out with laptop.... I'm planning to do this too... have a 3G connection as backup. Plus u can use it to trade when u outside of your home |
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Jan 20 2009, 12:24 PM
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Senior Member
3,141 posts Joined: Nov 2006
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hahaha if ur line get cut.. all u rely on is ur trading system where appropriate SL and TP is set..
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Jan 20 2009, 12:57 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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6pm today.... and my mom said today obama step-up ..will it effect the market ?
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Jan 20 2009, 11:22 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Shorted UJ@90.24
Added on January 20, 2009, 11:55 pm QUOTE(bulkbiz @ Jan 20 2009, 11:22 PM) Shorted UJ@90.24 Close everything, obama giving speech
This post has been edited by bulkbiz: Jan 20 2009, 11:55 PM |
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Jan 21 2009, 10:02 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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GJ daily
get ready to buy now ? wave 4 is coming  |
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Jan 21 2009, 11:53 PM
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Senior Member
2,214 posts Joined: Oct 2007
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NOt realy an exciting week for me.
-90pips in EURCHF +110pips in CHFJPY Total for the week only 20pips. UJ as below attached Attached thumbnail(s) 
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Jan 22 2009, 12:06 AM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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backtest only, forward test is unknown
Attached thumbnail(s) 
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Jan 22 2009, 08:45 AM
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Senior Member
2,214 posts Joined: Oct 2007
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UJ candlestick fail to close below the TL.
Beside, potential DOUBLE btm Attached thumbnail(s) 
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Jan 22 2009, 09:04 AM
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Senior Member
2,932 posts Joined: Sep 2007
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QUOTE(jong52yuara @ Jan 22 2009, 12:06 AM) backtest only, forward test is unknown A scalper? Based on Fractals? Amazing numbers, whatever it is.. |
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Jan 22 2009, 09:59 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(jong52yuara @ Jan 22 2009, 12:06 AM) backtest only, forward test is unknown EA? |
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Jan 22 2009, 10:39 AM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(bulkbiz @ Jan 22 2009, 09:59 AM) EA? ya |
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Jan 22 2009, 11:19 AM
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All Stars
11,954 posts Joined: May 2007
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ea cannot be trust
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Jan 22 2009, 12:35 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(MNet @ Jan 22 2009, 11:19 AM) ea cannot be trust LOL, nola you cannot judge like that, I believe there are a lot of people out there using EA. But EA is not my cup of tea, and I hate EA. |
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Jan 22 2009, 03:10 PM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(jong52yuara @ Jan 22 2009, 01:06 AM) backtest only, forward test is unknown backtest is useless .... |
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Jan 22 2009, 03:54 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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eu weekly
still bearish ..no interesting movement lately  |
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Jan 22 2009, 05:07 PM
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Senior Member
3,141 posts Joined: Nov 2006
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whats the difference between backtest and front test ?
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Jan 22 2009, 05:10 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 @ Jan 22 2009, 05:07 PM) whats the difference between backtest and front test ? One is front and another is back? I don't really understand because it sounds complicated. Sigh.. |
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Jan 22 2009, 05:42 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Backtest mean u use the tools in mt4. try to run the EA from something like 20Jan08 until 20Jan09. Mean you test all the data since the past.
While forward testing mean you attached the EA to your mt4 and run it from day to day, it is time consuming and quite a hard work. But backtest result always vary from forward test result, and it can vary alot especially those scalping, martingale based EA. |
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Jan 22 2009, 06:14 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(mphpopular @ Jan 22 2009, 05:42 PM) Backtest mean u use the tools in mt4. try to run the EA from something like 20Jan08 until 20Jan09. Mean you test all the data since the past. While forward testing mean you attached the EA to your mt4 and run it from day to day, it is time consuming and quite a hard work. But backtest result always vary from forward test result, and it can vary alot especially those scalping, martingale based EA. |
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Jan 23 2009, 01:45 AM
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Senior Member
2,214 posts Joined: Oct 2007
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100% similiar to wat i thinking. but here how they explain it in a better english. Guesss cetak rompak is more easier than type all of these by myself.
QUOTE 1/22/2009 - USD/JPY - Price action on the USD/JPY (a daily chart of which is shown) has just made a precise double-test of the pair's 13-year low that was recently established in mid-December 2008. This extreme support level resides just a few pips above the 87.00 mark. Wednesday's price bar (1/22/2008) descended all the way down to this level, was summarily rejected, and then ended up closing around 89.50. Thursday's bar, as of the morning, is showing some of the same nature as Wednesday's bar. More likely than not, this pair should be seeing a consolidation above the 87.00 support. The obvious event to watch for is any major break below 87.00, which would put the pair in essentially unprecedented territory. A substantial breakdown of this level would likely carry enough bearish momentum to take the pair down at least to the 85.00 region. To the upside, the 91.00 support/resistance region remains as key intermediate resistance for the time being. And, of course, an actual double bottom reversal would only be confirmed on a substantial break above the swing high peak around 94.60. Attached thumbnail(s) 
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Jan 23 2009, 04:04 AM
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Junior Member
21 posts Joined: Feb 2008
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Do you guys have issues logging in to FXCM or Thinkorswim to trade? My connection using streamyx sucks at my home when trading, I hate it when I trade. Is jaring better or Maxis wireless better to log in these accounts? By the way, I haven't tried other brokers yet, which one works very good in west malaysia?
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Jan 23 2009, 04:19 AM
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Junior Member
210 posts Joined: Sep 2007
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QUOTE(xblade123 @ Jan 23 2009, 04:04 AM) Do you guys have issues logging in to FXCM or Thinkorswim to trade? My connection using streamyx sucks at my home when trading, I hate it when I trade. Is jaring better or Maxis wireless better to log in these accounts? By the way, I haven't tried other brokers yet, which one works very good in west malaysia? No problem with MT4 and TOS on streamyx for me. |
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Jan 23 2009, 10:38 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(xblade123 @ Jan 23 2009, 04:04 AM) Do you guys have issues logging in to FXCM or Thinkorswim to trade? My connection using streamyx sucks at my home when trading, I hate it when I trade. Is jaring better or Maxis wireless better to log in these accounts? By the way, I haven't tried other brokers yet, which one works very good in west malaysia? I can login to fxcm without any problem |
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Jan 23 2009, 10:51 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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Fibo expert out there, can I say the price is testing 23.6 fibo level??
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Jan 23 2009, 11:05 AM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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GBP/JPY
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Jan 23 2009, 11:27 AM
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Senior Member
1,120 posts Joined: Jul 2006
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Based on image 1: yup, it is testing Fibo 23.6 fibo level. Just that.
Image 2: Signal more clearer if drew TL and it is forming symmetrical triangle. Just wait for breakout. Fibo 61.8 will serve strong resistance. retracement may occur at fibo 31.8 & 50. Just watch for stoch indicator |
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Jan 23 2009, 12:26 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur
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QUOTE(dreams_achiever @ Jan 23 2009, 11:27 AM) Based on image 1: yup, it is testing Fibo 23.6 fibo level. Just that. Thanks! Image 2: Signal more clearer if drew TL and it is forming symmetrical triangle. Just wait for breakout. Fibo 61.8 will serve strong resistance. retracement may occur at fibo 31.8 & 50. Just watch for stoch indicator |
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Jan 23 2009, 02:22 PM
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Senior Member
1,120 posts Joined: Jul 2006
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Time to wish all FOREX forummers here who celebrate Chinese new year, a very prosperous year.
May all of us gains tonne of pips in this "bull" year. GONG HEI FATT CHOY!  This post has been edited by dreams_achiever: Jan 23 2009, 02:26 PM |
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Jan 23 2009, 03:58 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(bulkbiz @ Jan 23 2009, 11:05 AM) GBP/JPY  GJ TF4H .. my Analysis : trend is bear ...just bear with the trend |
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Jan 23 2009, 04:28 PM
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Senior Member
2,214 posts Joined: Oct 2007
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I have no time to save chart one by one. So I put it all at once. Wish it is clear enough
Attached thumbnail(s) 
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Jan 23 2009, 05:03 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(mphpopular @ Jan 23 2009, 04:28 PM) I have no time to save chart one by one. So I put it all at once. Wish it is clear enough thanks bro ...trendline is the best tool nowadays ...i'm comparing my count and your trendline p/s saw your contribution at FF forum ..not bad |
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Jan 23 2009, 05:22 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(mphpopular @ Jan 23 2009, 04:28 PM) I have no time to save chart one by one. So I put it all at once. Wish it is clear enough I guess of this work out perfectly. Juz sapu a GJ 130pips, I dunwan to close the trade one. But I going back to hometown soon. No internet connection there. |
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Jan 24 2009, 06:48 AM
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Junior Member
16 posts Joined: Jan 2009
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wow, u guys sapu 100 - 300pips like eat lettuce, should be many millionaire here already ... normally what chart range you guys look at?
Anybody tried scalping? I tried it, damn tiring, almost ruined my life due to lack of sleep and the reward is not all that great compare the hrs I spent ... Added on January 24, 2009, 8:11 amIf I am not mistaken, most brokers in FX allow scalping since the more you place orders, the more money they earn on the spread. This post has been edited by van_houten: Jan 24 2009, 08:11 AM |
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Jan 24 2009, 10:43 AM
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Senior Member
1,646 posts Joined: Jun 2007
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there are a few scalpers here. IMO, be a scalper only if you're very interested in the market, while knowing what you're doing. Scalping may require high leveraged than day trading, such that profits will seem to be significance. With that, there will be higher risk. So, you'll need to have a higher P/L ratio.
Good luck |
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Jan 24 2009, 02:38 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Hahaha, scalping are only for EXPERTS with experiences in FX market 24/7. Do not attempt it at home. LOL....
Added on January 24, 2009, 2:40 pmNothing beat experiences, even stupid EA will not make 20% in a week. Added on January 24, 2009, 2:43 pmOh, this week i made 18%.... This post has been edited by AdamG1981: Jan 24 2009, 02:43 PM |
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Jan 24 2009, 03:57 PM
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Junior Member
331 posts Joined: Feb 2008
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newbie here.
which broker do u guys use? i've tried directly with forex before this. now using marketiva. |
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Jan 24 2009, 04:00 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Oanda.com
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Jan 24 2009, 04:33 PM
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All Stars
11,954 posts Joined: May 2007
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i use admd
This post has been edited by MNet: Jan 24 2009, 04:33 PM |
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Jan 24 2009, 11:23 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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i thought this thread is discussing forex and pair analysis , not talking about which broker is good or not ..
prefer we talk more on technical analysis . It's better rather than promoting broker and asking downline/upline related commission ..huh cheers . |
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Jan 24 2009, 11:48 PM
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Senior Member
2,932 posts Joined: Sep 2007
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This thread is talking about forex. Anything related to forex, including forex brokers.
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Jan 25 2009, 12:47 AM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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adam is right, scalping are for pro only.
if u r not, u will get MC easily @_@. scalping need big capital. small capital very fast get MC. think about it man. |
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Jan 25 2009, 03:06 AM
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Junior Member
50 posts Joined: Mar 2007
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QUOTE(Kazachok @ Jan 24 2009, 03:57 PM) newbie here. Don't use marketiva la bro. The only good point about it is that it gives you a FREE USD$2.50 to trade live. I have triple that USD$2.50 to USD8.++ in few days hehe. which broker do u guys use? i've tried directly with forex before this. now using marketiva. Other than that its a bucket shop, only good for chatting  . There is no requotes and other function found in an MT4 platform, you will lose a lot of money if you really fund and use this broker. Your Buy and Sell order will not executed exactly as you placed it 80% of the time.Try broker like oanda , ibfx. I m using fxpro , same platform like ibfx, it can be funded using paypal. Easy to withdraw money This post has been edited by sephiaric: Jan 25 2009, 03:06 AM |
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Jan 25 2009, 05:31 AM
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Junior Member
331 posts Joined: Feb 2008
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QUOTE(sephiaric @ Jan 24 2009, 10:06 PM) Don't use marketiva la bro. The only good point about it is that it gives you a FREE USD$2.50 to trade live. I have triple that USD$2.50 to USD8.++ in few days hehe. thanks for a good reply.Other than that its a bucket shop, only good for chatting . There is no requotes and other function found in an MT4 platform, you will lose a lot of money if you really fund and use this broker. Your Buy and Sell order will not executed exactly as you placed it 80% of the time.Try broker like oanda , ibfx. I m using fxpro , same platform like ibfx, it can be funded using paypal. Easy to withdraw money well.. still looking here and there.. guess i should go for other brokers. did realize that it is hard to cash out using marketiva. well u guys can continue with your previous discussions. still got a lot more to learn. |
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Jan 26 2009, 12:00 PM
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Senior Member
830 posts Joined: Dec 2006
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can i use a debitcard..instead using a credit card?
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Jan 26 2009, 07:22 PM
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All Stars
15,192 posts Joined: Oct 2004
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Anyone knows how to read history prices for 1 month ago in Oanda using 1 minute chart?
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Jan 26 2009, 08:12 PM
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Junior Member
10 posts Joined: Jan 2009
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i am using alpari UK...very nice
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Jan 26 2009, 11:02 PM
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Senior Member
830 posts Joined: Dec 2006
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QUOTE(how to save a life @ Jan 26 2009, 12:00 PM) can i use a debitcard..instead using a credit card? bump |
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Jan 27 2009, 02:23 AM
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Junior Member
50 posts Joined: Mar 2007
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QUOTE(how to save a life @ Jan 26 2009, 11:02 PM) bump Most of the broker is not from malaysia. Unless you can find a broker from malaysia or other nearby asian region then they might accept debit card. |
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Jan 27 2009, 05:23 AM
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Junior Member
16 posts Joined: Jan 2009
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Anyone is a full time trader, trading for a living? Can share successful experience? Not trying to make enormous amount but a modest income (RM1-2k etc.) enuf to survive monthly.
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Jan 27 2009, 07:02 AM
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Junior Member
331 posts Joined: Feb 2008
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Another question regarding broker stuff.
Anybody knows any broker that is compatible with with Mac/? Thanks. |
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Jan 27 2009, 10:19 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(van_houten @ Jan 27 2009, 06:23 AM) Anyone is a full time trader, trading for a living? Can share successful experience? Not trying to make enormous amount but a modest income (RM1-2k etc.) enuf to survive monthly. most of us are ..QUOTE(jubilee_trader @ Jan 27 2009, 06:29 AM) this is opportunity for Managed account up to 1 million. Anyone interested, please send me email at edy@jubileefund.com .. u better stop promoting here or ur account will get bannedQUOTE(Kazachok @ Jan 27 2009, 08:02 AM) Another question regarding broker stuff. not sure and i also nat familiar with Mac. you can check with the brokers page and see what platform they used. do ask them via the online support or email .Anybody knows any broker that is compatible with with Mac/? Thanks. |
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Jan 27 2009, 10:28 AM
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Junior Member
310 posts Joined: Jan 2007
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QUOTE(Kazachok @ Jan 27 2009, 07:02 AM) Another question regarding broker stuff. I can't seem to find one. Best is to install Parallels/VMware or just use boot camp. I'm using parallels myself.Anybody knows any broker that is compatible with with Mac/? Thanks. |
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Jan 27 2009, 11:34 AM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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how about java platform? canot install also? @_@
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Jan 27 2009, 06:50 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@coldfusionpower
hahah not all of us trading for a living la.. only u and adam the rest of us is just side income .. |
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Jan 28 2009, 08:57 AM
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Senior Member
3,158 posts Joined: Jun 2005 From: Planet Earth
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QUOTE(kelvin_tan @ Jan 27 2009, 07:50 PM) @coldfusionpower issit ? huhu .. nvmind.. sooner or later u will be full time trader as well .. hahah not all of us trading for a living la.. only u and adam the rest of us is just side income .. yesterday a friend in singapore just closed a +400pips trade .. with 3 standard lots .. entry : 115.50 take profit : 119.10 
This post has been edited by coldfusionpower: Jan 28 2009, 08:58 AM |
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Jan 28 2009, 04:38 PM
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Junior Member
16 posts Joined: Jan 2009
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wow, he just made 1 month salary of many ppl in malaysia with just few mouse button clicks .... good for him, good start to a new year!
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Jan 29 2009, 12:48 AM
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Senior Member
607 posts Joined: Mar 2008
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Anyone having issues with FXCM login? Ever since I came back from Australia, I can't login my FXCM account using streamyx. I checked the latency and it is very high.
Anyone having similar problem? |
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Jan 29 2009, 01:29 AM
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Junior Member
331 posts Joined: Feb 2008
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gbp/usd is very lucrative now.
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Jan 29 2009, 01:46 AM
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Senior Member
1,646 posts Joined: Jun 2007
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QUOTE(dsugums @ Jan 29 2009, 12:48 AM) Anyone having issues with FXCM login? Ever since I came back from Australia, I can't login my FXCM account using streamyx. I checked the latency and it is very high. check your IP address. some IP are prone to be lagging, such as the 118.xxx... you'll get better connection with 60.48.xx or 60.53.xxx... disconnect and reconnect again till you get a good IPAnyone having similar problem? |
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Jan 29 2009, 03:13 PM
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Junior Member
86 posts Joined: Mar 2008 From: putrajaya
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QUOTE(Kazachok @ Jan 29 2009, 01:29 AM) gbp/usd is very lucrative now. yes indeed.. |
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Jan 29 2009, 08:08 PM
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Junior Member
340 posts Joined: Sep 2006 From: Melbourne
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pissing off when the price barely touched your stop-loss only to go all the way in your favour, grrrrrrrr
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Jan 29 2009, 08:48 PM
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Senior Member
3,141 posts Joined: Nov 2006
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hahah orangysb.. it happens
dun let it get to you.. |
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Jan 29 2009, 10:11 PM
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Junior Member
15 posts Joined: Feb 2005
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hehe,
please dun burn my ignorance as it's bliss but just wondering why do you guys say that GBPUSD is very profitable now? thanks. Added on January 29, 2009, 10:20 pmhi guys, i've read somewhere that fx wasn't allowed in malaysia.. due to tax thingy i think a few years back. what is the current situation on fx and taxes? let's say you're the next george soros and you make over a few mil from your initial $10k, then would you get tax like crazy or have those good folks from bukit aman storm your house when you withdraw some $$ into your fat savings account? thanks This post has been edited by melaos: Jan 29 2009, 10:20 PM |
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Jan 30 2009, 03:21 AM
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Senior Member
3,141 posts Joined: Nov 2006
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forex is not taxable as it is considered capital investment..
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Jan 30 2009, 09:23 PM
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Senior Member
1,704 posts Joined: Sep 2005 From: Oil Town
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What are the recommended online trading platforms now? I'm using Marketiva ATM.
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Jan 30 2009, 10:41 PM
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Junior Member
15 posts Joined: Feb 2005
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QUOTE(kelvin_tan @ Jan 30 2009, 03:21 AM) forex is not taxable as it is considered capital investment.. wow hey thats awesome then.that's one piece of action where the gov can't touch on. hehe |
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Jan 30 2009, 10:43 PM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(melaos @ Jan 30 2009, 10:41 PM) wow hey thats awesome then. Capital gains tax has been abolished I think that's one piece of action where the gov can't touch on. hehe |
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Jan 31 2009, 03:43 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@woodenus
i'm not sure if i am totally right on it.. I have enquired an uncle of mine who is a lawyer regarding this. It was not a formal enquiry but I asked him if profits from forex investment is taxable he says definately no. I may be wrong though.. As added info I have also asked a lecturer of mine whois a forex trader Nazri Khan.. he gives forex speeches and also trades for his own. He also says forex investment is not taxable |
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Jan 31 2009, 03:56 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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profit from local stock market also not taxable.
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Jan 31 2009, 04:20 PM
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Junior Member
331 posts Joined: Feb 2008
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QUOTE(Crazy.SoT.Gila @ Jan 30 2009, 04:23 PM) What are the recommended online trading platforms now? I'm using Marketiva ATM. check previous pages.i just asked about this and they have replied already. |
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Jan 31 2009, 09:45 PM
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Senior Member
1,704 posts Joined: Sep 2005 From: Oil Town
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QUOTE(Kazachok @ Jan 31 2009, 04:20 PM) check previous pages. Thanks.i just asked about this and they have replied already. How's OANDA's support with PayPal? Is it smooth and fast? |
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Feb 1 2009, 02:30 AM
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Senior Member
1,473 posts Joined: Nov 2005
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correction, "Personal" investment is not taxable, but business may be subjected to depends on the investment nature .....
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Feb 1 2009, 08:02 AM
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Junior Member
340 posts Joined: Sep 2006 From: Melbourne
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QUOTE(Crazy.SoT.Gila @ Jan 31 2009, 11:45 PM) Thanks. Pretty good, i withdrew twice and i think they processed it the next business day and i think you get the funds on the same day if i remember correctly.How's OANDA's support with PayPal? Is it smooth and fast? It's only the paypal to your bank account part that takes a bit longer. |
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Feb 1 2009, 08:23 AM
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Junior Member
491 posts Joined: Feb 2005 From: Cheras LRT
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if u TT more than 10k ringgit to oversea, u need to declare & masuk statistik in Bank Negara, of coz if u transfer alot eg. few 100k per month then maybe BNM will call u to clarify
if u make money & transfer back to malaysia then LHDN will come interview.. of koz if everybody is making money then LHDN will start taxing forex gain |
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Feb 1 2009, 04:58 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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QUOTE(nexus90210 @ Feb 1 2009, 01:58 PM) Hi people, i downloaded his strategy, members can download here I use metatrader.com and www.igmarkets.com Both platofrms are british. The igmarkets platform is hosted in singapore. Can use Sing dollar to trade. I also came across a good forex coach: http://howtomakemoneyforex.wordpress.com not sure if its guaranteed as his claim, try it on demo first & trade at your own risk. Attached File(s) 
spotfxtradingstrategies.pdf ( 134.85k )
Number of downloads: 85 |
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Feb 1 2009, 05:06 PM
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Junior Member
331 posts Joined: Feb 2008
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thanks for the reading material.
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Feb 1 2009, 05:23 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(nexus90210 @ Feb 1 2009, 01:58 PM) Hi people, We welcomed any shared information, links etc. I use metatrader.com and www.igmarkets.com Both platofrms are british. The igmarkets platform is hosted in singapore. Can use Sing dollar to trade. I also came across a good forex coach: http://howtomakemoneyforex.wordpress.com But please don't spam all over the finance section to promote your or the website. Consistently doing it again, warning and banning will be issued. |
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Feb 1 2009, 05:25 PM
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Senior Member
4,030 posts Joined: Apr 2008
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Blah this blah that...
Everybody wants quick money. You guys really believe sifus out there never lose before? Must be kidding me. EAs, STRATEGIES? ETC? Nothing's more valuable than consistent monitoring of the markets behavior. There's no LAZY way to riches. Whoever gave an idea that FX is as easy as 123 must be high or must be insane. Word of advise: you want to make money, learn how to accept small losses and learn your mistakes. God/Tuhan/TIN will only bless those who's hardworking, not those who leech off unknown people's idea and concept. |
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Feb 1 2009, 05:54 PM
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Junior Member
15 posts Joined: Feb 2005
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yea
if you did make money without any knowledge then you're lucky. but just like gambling, it's what happens in the long run that counts. winning 1-2 times doesn't make you a genius. but it's a well worthy investment if you're planning to master it and do it well. sure beats serving ice blended coffee at starbucks during the weekend |
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Feb 1 2009, 11:20 PM
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All Stars
12,214 posts Joined: Jan 2003 From: Singapore | Malaysia
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Guys, I want to create a new account to learn forex trading but I am not sure what are they asking in the screen below:
"Select the leverage for your account: 10:1 20:1 30:1 40:1 50:1 " What is the meaning of this?  |
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Feb 2 2009, 01:16 AM
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Senior Member
1,646 posts Joined: Jun 2007
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get the highest possible number..probably 500:1...it'll make money fast
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Feb 2 2009, 01:19 AM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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highest leverage can open more position, if margin call.. highest leverage will hit first.
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Feb 2 2009, 09:47 AM
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Senior Member
2,960 posts Joined: Jan 2003
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looks like i have to learn this trade la. started of by attending a course last weekend. hopefully i can learn from u guys..
my first question : how do you declare your income in the EA form? This post has been edited by ajay67: Feb 2 2009, 09:49 AM |
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Feb 2 2009, 01:00 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(ajay67 @ Feb 2 2009, 09:47 AM) looks like i have to learn this trade la. started of by attending a course last weekend. hopefully i can learn from u guys.. Income? Are u mean forex gains or your fulltime job salary?my first question : how do you declare your income in the EA form? If is forex gains then it is not taxable. So no need to declare for income tax. |
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Feb 2 2009, 01:05 PM
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Senior Member
1,120 posts Joined: Jul 2006
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There are many websites that show you all investment related information for example www.investopedia.com
Leverage details: http://www.investopedia.com/terms/l/leverage.asp This post has been edited by dreams_achiever: Feb 2 2009, 01:05 PM |
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Feb 2 2009, 02:44 PM
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Senior Member
2,960 posts Joined: Jan 2003
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QUOTE(dreams_achiever @ Feb 2 2009, 01:00 PM) Income? Are u mean forex gains or your fulltime job salary? i mean forex profit. of course my current salary i know la. but if u guys doing full time forex traders no need to declare tax at all? i think u still need to submit yearly tax form, i mean legally?If is forex gains then it is not taxable. So no need to declare for income tax. |
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Feb 2 2009, 05:35 PM
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Senior Member
2,214 posts Joined: Oct 2007
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Y would you think so far le? If able to make a high profit. Wat to fear about the taxes?
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Feb 2 2009, 05:53 PM
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Senior Member
2,960 posts Joined: Jan 2003
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who said about fear? i want to make some income with it & want to be law abiding citizen la, that's all
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Feb 2 2009, 07:38 PM
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Senior Member
2,214 posts Joined: Oct 2007
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QUOTE(ajay67 @ Feb 2 2009, 05:53 PM) who said about fear? i want to make some income with it & want to be law abiding citizen la, that's all Haha, tat's great. Juz take the first step and earn the money first. Taxation we think later. LOL |
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Feb 2 2009, 07:53 PM
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Senior Member
3,141 posts Joined: Nov 2006
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just declare it in ur EA form.. it should not be taxable..
Added on February 2, 2009, 7:55 pm@mph yo bro.. seldom c u active here n our discussions d.. been busy? This post has been edited by kelvin_tan: Feb 2 2009, 07:55 PM |
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Feb 2 2009, 10:03 PM
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Senior Member
2,214 posts Joined: Oct 2007
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CNY mah. Haha. I juz back today only
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Feb 2 2009, 11:24 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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@mph , kelvin
shin shei quai ler ! |
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Feb 3 2009, 12:14 AM
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Senior Member
3,141 posts Joined: Nov 2006
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hahah happy new year
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Feb 3 2009, 02:47 AM
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Junior Member
12 posts Joined: Aug 2007
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anyone ever use neuroshell system? please show some guidelines how to set this things up?
www.neuroshell.com/learnmore.asp the attachment has the following files - NeuroShell DayTrader Pro 5.0 - NeuroShell Add-Ons - MT4DataFeed.dll http://www.gigasize.com/get.php?d=s8o2mjclkgc Attached thumbnail(s) 
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Feb 3 2009, 03:59 PM
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Senior Member
2,214 posts Joined: Oct 2007
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EU oh. Tis is what I see lor
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Feb 3 2009, 04:07 PM
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Senior Member
3,141 posts Joined: Nov 2006
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hail the chartist is back
Eu going up ! |
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Feb 3 2009, 05:04 PM
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Senior Member
2,214 posts Joined: Oct 2007
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USDCAD EURCAD 03Feb09 Intraday
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Feb 3 2009, 05:39 PM
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Junior Member
331 posts Joined: Feb 2008
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thanks for the charts. keep'em coming
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Feb 3 2009, 09:31 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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I just taken interest in FOREX after a while read lots of book. I wanted to start so:-
1. What website you recommended for demo account (easy-forex etc)? 2. Other application/signal I should use. |
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Feb 3 2009, 10:35 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(Ibrahimovic @ Feb 3 2009, 09:31 PM) I just taken interest in FOREX after a while read lots of book. I wanted to start so:- for demo trading, it is good to use mt4 platform. It provide good charting and most necessary tools for trading.1. What website you recommended for demo account (easy-forex etc)? 2. Other application/signal I should use. MT4-based brokers are such as interbank fx, fxcm. For real trading, use oanda.com as it provide lower spreads, reliability, faster execution and no requotes. Application/signal: Most of us here using SMA, Stoch, RSI, candlesticks. There is no specific signal. Vary depend on each individual. |
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Feb 3 2009, 11:38 PM
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Junior Member
331 posts Joined: Feb 2008
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@Ibrahimovic
i use EMA, Stoch, RSI, candle and MACD. try on demo accounts first so that u can find signals that suit u. |
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Feb 4 2009, 07:16 AM
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Senior Member
2,214 posts Joined: Oct 2007
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usdchf chfjpy
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Feb 4 2009, 09:59 AM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Thanks but after visiting BabyPips.com I found out that there is soo much to learn. I just get pass through the 'elementary school' now on middle school.
I think I follow the pledge to do 6 month of demo before using real money. Right now I only got dial up,. Is it OK to do demo using my low speed internet? I only got TMNet Prepaid.. |
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Feb 4 2009, 10:03 AM
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All Stars
10,340 posts Joined: Jan 2003
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QUOTE(Ibrahimovic @ Feb 4 2009, 09:59 AM) Thanks but after visiting BabyPips.com I found out that there is soo much to learn. I just get pass through the 'elementary school' now on middle school. Babypips alone is not enough. Here's another great site which can make u cryI think I follow the pledge to do 6 month of demo before using real money. Right now I only got dial up,. Is it OK to do demo using my low speed internet? I only got TMNet Prepaid.. http://www.investopedia.com/articles/forex/ Dial up is not enough. You want your reading as real time as possible. I know a guy with 4Mbps Streamyx and he still complain its not fast enough. This post has been edited by WhitE LighteR: Feb 4 2009, 10:05 AM |
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Feb 4 2009, 12:36 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Oh no not another website to read...
So if I only got dialup I should not install Metatrader as it too slow to read? I only gonna have access to high-speed broadband till another 6 month. Should I wait and read he article instead for the time being? |
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Feb 4 2009, 01:04 PM
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Senior Member
3,141 posts Joined: Nov 2006
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without streamyx u will be trading crap..
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Feb 4 2009, 01:13 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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ooooo....than I think just reading other stuff on forex for the next 6 month.
The funny thing is that I really pumped up about Forex as I finally got something to do after finishing my STPM. Well, I guess better to left it for now. |
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Feb 4 2009, 03:07 PM
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Junior Member
56 posts Joined: Mar 2008
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QUOTE(Ibrahimovic @ Feb 4 2009, 12:36 PM) Oh no not another website to read... Depends on your strategy. If you are doing scalping, then you can't rely on your dial up. If you do trending, then you can. I use trending strategy, so I'm okay even if using GPRS. So if I only got dialup I should not install Metatrader as it too slow to read? I only gonna have access to high-speed broadband till another 6 month. Should I wait and read he article instead for the time being? |
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Feb 4 2009, 04:23 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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scalping are for pros. not for noobs.
Do not attempt to do so, u might lose whole account |
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Feb 4 2009, 06:22 PM
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Senior Member
2,214 posts Joined: Oct 2007
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AU
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Feb 4 2009, 06:46 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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QUOTE(premier123 @ Feb 4 2009, 03:07 PM) Depends on your strategy. If you are doing scalping, then you can't rely on your dial up. If you do trending, then you can. I use trending strategy, so I'm okay even if using GPRS. Oh so its still POSSIBLE to do on dial-up? I just wanted to test demo until I got broadband. I will download Metatrader (or others) if it possible to do it. |
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Feb 4 2009, 07:10 PM
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Junior Member
56 posts Joined: Mar 2008
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QUOTE(Ibrahimovic @ Feb 4 2009, 06:46 PM) Oh so its still POSSIBLE to do on dial-up? I just wanted to test demo until I got broadband. I will download Metatrader (or others) if it possible to do it. Good idea to try out demo. I have no idea because I cannot remember how slow dial-up are ....  sorry. |
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Feb 4 2009, 08:45 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Oh maybe I just try out. I don't think it would kill.
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Feb 4 2009, 11:23 PM
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All Stars
11,954 posts Joined: May 2007
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Yes i have trade using dial up before and it smooth coz MT4 use few kb only
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Feb 4 2009, 11:48 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Wow, thanks. That's REALLLLYYY helpful. I almost finish 'college'-level by tommorow before going to InvestoPedia.
My question is:- 1. What currency to trade? USA market open late so should I go swing rather than intramarket? What's the best for you. 2. What is entry order? Is is similar to Stop-Loss. 3. How to Fundamental analysis? I don't have Astro and I only got ChannelNewsAsia. |
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Feb 5 2009, 12:51 AM
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Junior Member
50 posts Joined: Mar 2007
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QUOTE(Ibrahimovic @ Feb 4 2009, 11:48 PM) Wow, thanks. That's REALLLLYYY helpful. I almost finish 'college'-level by tommorow before going to InvestoPedia. Try demo for 1 day, it will answer 90% of your question and doubt. My question is:- 1. What currency to trade? USA market open late so should I go swing rather than intramarket? What's the best for you. 2. What is entry order? Is is similar to Stop-Loss. 3. How to Fundamental analysis? I don't have Astro and I only got ChannelNewsAsia. |
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Feb 5 2009, 01:08 AM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Oh ok I try..
EDIT: There is FX Trading and Metatrader. Which one should I download? This post has been edited by Ibrahimovic: Feb 5 2009, 01:26 AM |
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Feb 5 2009, 03:05 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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try both platform, see which one suits u?
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Feb 5 2009, 03:36 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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QUOTE(mphpopular @ Feb 4 2009, 06:22 PM) AU yerp , somehow i agreed  |
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Feb 5 2009, 06:56 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Ok. But the metatrader got 30+ spread. Why is it?
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Feb 5 2009, 07:06 PM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(van_houten @ Jan 27 2009, 05:23 AM) Anyone is a full time trader, trading for a living? Can share successful experience? Not trying to make enormous amount but a modest income (RM1-2k etc.) enuf to survive monthly. xblade123 claims to be making 1k/month... have yet to see any proof though. |
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Feb 5 2009, 07:08 PM
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Senior Member
1,120 posts Joined: Jul 2006
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QUOTE(Ibrahimovic @ Feb 5 2009, 06:56 PM) Ok. But the metatrader got 30+ spread. Why is it? which pair that you looking at?Usually in early of Monday morning or late Friday nite, the spread gonna goes higher as it prepare to close for weekend / early week trade. So it is normal for higher spread but not as high as 30pips for EU at least Usually very exotic currency pairs are high spread due to illiquidity / low volume. |
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Feb 5 2009, 07:35 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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EURO/USD. Kinda scared after look at it. The hardest part right now is using Metatrader. I don't know what to do even after reading through all of BabyPips.
My loss is around $300. When I click on 'New Order', there is volume. What is it? Watching all the letter/charts/line remind me of days when I'm learning Flash. Added on February 5, 2009, 7:35 pmApart from BabyPips and InvestoPedia is there a real book or wensite really on getting good as this? This post has been edited by Ibrahimovic: Feb 5 2009, 07:35 PM |
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Feb 5 2009, 07:46 PM
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Senior Member
3,141 posts Joined: Nov 2006
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@ibrahimovic
the best knowledge u can get is by getting experience hands on the metatrader... its demo.. try everything and keep it realistic to your risk appetite.. just click around and you will know what it is for. Added on February 5, 2009, 7:48 pm@woodenus xblade123 claims he's earning 1k monthly on what capital? if his capital is 10k i'm not surprised. But yes some prove would be nice elite traders like adam earns more then 1k (and he has shown prove to us) on certain months but even he has some months that he doesn't make.. no way can someone claim they sure win every monthThis post has been edited by kelvin_tan: Feb 5 2009, 07:48 PM |
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Feb 5 2009, 09:14 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Yep, that the only way I guess. I just read this:-
http://www.forexfactory.com/showthread.php?t=39514&page=3 One of it says 'Doctor need 12+ years to at get 6 figure income'. So what make me think 1 week is good enough to earn money. I think I need to learn slowly. Hopefully by one year I have good grasp of Forex. |
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Feb 6 2009, 09:04 AM
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Junior Member
86 posts Joined: Mar 2008 From: putrajaya
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QUOTE(Ibrahimovic @ Feb 5 2009, 09:14 PM) Yep, that the only way I guess. I just read this:- Even if u're trading with USD 1K already can earn USD 1k every month, provided u earn steady USD 50 everyday.. n u trade every working day for de whole month.. If u could hold urself fr being greedy, i think its feasible..http://www.forexfactory.com/showthread.php?t=39514&page=3 One of it says 'Doctor need 12+ years to at get 6 figure income'. So what make me think 1 week is good enough to earn money. I think I need to learn slowly. Hopefully by one year I have good grasp of Forex. |
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Feb 6 2009, 11:23 AM
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(fikrie @ Feb 6 2009, 09:04 AM) Even if u're trading with USD 1K already can earn USD 1k every month, provided u earn steady USD 50 everyday.. n u trade every working day for de whole month.. If u could hold urself fr being greedy, i think its feasible.. Is it? someone prove it then. Remember you have to deduct commissions, your net income after deducting commissions and spread must be $50.Added on February 6, 2009, 11:26 am QUOTE(kelvin_tan @ Feb 5 2009, 07:46 PM) @ibrahimovic He's got proof? where's the site? must see. Remember that's 1K that you can spend, minus commissions, bank charges and spread. Do you have the address of the site?the best knowledge u can get is by getting experience hands on the metatrader... its demo.. try everything and keep it realistic to your risk appetite.. just click around and you will know what it is for. Added on February 5, 2009, 7:48 pm@woodenus xblade123 claims he's earning 1k monthly on what capital? if his capital is 10k i'm not surprised. But yes some prove would be nice elite traders like adam earns more then 1k (and he has shown prove to us) on certain months but even he has some months that he doesn't make.. no way can someone claim they sure win every monthThis post has been edited by wodenus: Feb 6 2009, 11:26 AM |
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Feb 6 2009, 11:39 AM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Can I ask another question. I'm a total newb with only 1 week of experience.
I got this from Investopedia on option http://www.investopedia.com/articles/trading/04/101304.asp QUOTE This order would look something like this: Buy: EUR put/USD call Strike price: 1.2900 Expiration: 2 March 2004 Premium: 10 USD pips Cash (spot) reference: 1.3000 Say the new reports come out and the EUR/USD pair falls to 1.2850--you decide to exercise your option, and the result gives you 40 USD pips profit (1.2900 – 1.2850 – 0.0010). If EUR/USD fall, does'nt it suppose to be loss rather than profit as EUR depreciated as we buy? Another thing how to install this EA (what EA?) http://www.forexfactory.com/showthread.php?t=109589 From what I read, it got solid profit but some said to try on demo first. But how to do? This post has been edited by Ibrahimovic: Feb 6 2009, 11:40 AM |
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Feb 6 2009, 02:08 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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some books for reading..
MarkDouglas_trading_in_the_zone http://www.gigasize.com/get.php?d=ngqyhpkrvjd This post has been edited by jong52yuara: Feb 6 2009, 03:11 PM |
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Feb 6 2009, 02:23 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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I just run the mGrid from forexfactory and its just PROFITS!
I just know EA is Expert Advisor (duh!) and run it for 2 1/2 hour on my stupid dial-up. In main below window of metatrader (I don't know the main interefance for MT4 yet), its says balance 4116, Equity 5028.7 Margin 2574.8 Free Margin: 2438.9 Maring Level 194.95% Profit: 905.7 Previously using without using it I only got huge losses. So it this mean my demo profit is 905.7 USD? Thanks for the book. Every pro trader recommend this book on their website. Added on February 6, 2009, 2:26 pmThe book can't be downloaded, plz re-upload it. Its really useful. This post has been edited by Ibrahimovic: Feb 6 2009, 02:26 PM |
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Feb 6 2009, 04:08 PM
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Junior Member
340 posts Joined: Sep 2006 From: Melbourne
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QUOTE(Ibrahimovic @ Feb 6 2009, 01:39 PM) Can I ask another question. I'm a total newb with only 1 week of experience. That's a put option on EUR/USD, meaning you're shorting Euro against USD.I got this from Investopedia on option http://www.investopedia.com/articles/trading/04/101304.asp If EUR/USD fall, does'nt it suppose to be loss rather than profit as EUR depreciated as we buy? |
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Feb 6 2009, 05:31 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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Does that mean selling Euro?
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Feb 6 2009, 06:21 PM
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Junior Member
367 posts Joined: Dec 2006 From: Ipoh
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yea. ibrahim.
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Feb 6 2009, 07:42 PM
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Senior Member
4,030 posts Joined: Apr 2008
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5 Essential Rules of FOREX trading
a) If you can't take the risk, DONT TRY TRADING FX. FX is the highest risk instrument available. b) If you can't control your greed, DON'T overtrade or chase after TINY PROFITS using HUGE LEVERAGE. c) If you can't control your emotions, DON'T do revenge trade after you lose. d) IF you have no money management, PLEASE stay away from FX. e) IF you have no patience, DONT EXPECT TO WIN BIG. For further info, you can call me for FX tutorial. |
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Feb 6 2009, 07:55 PM
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Senior Member
1,704 posts Joined: Jan 2007 From: sarawak
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hi AdamG1981
are you remisier, rent their office & trading for client in OSK? or just working for osk? |
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Feb 6 2009, 07:58 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(jong52yuara @ Feb 6 2009, 04:55 AM) hi AdamG1981 I'm OSK employee.are you remisier, rent their office & trading for client in OSK? or just working for osk? |
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Feb 6 2009, 10:52 PM
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Senior Member
592 posts Joined: Jan 2009
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ALL Financial trading is risky .
To say that say that is like saying , don't drive cause it is risky ??? What is true is from a trader POV is local futures are crap cause the moves are so small. in FX hell man , you can get 1000 pips every day , that's a lot . get ready to short Sterling . This up wave won't last |
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Feb 6 2009, 10:55 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(Txi @ Feb 6 2009, 07:52 AM) ALL Financial trading is risky . Short Sterling because of? How do you know the up wave won't last? Base on what reasoning? To say that say that is like saying , don't drive cause it is risky ??? What is true is from a trader POV is local futures are crap cause the moves are so small. in FX hell man , you can get 1000 pips every day , that's a lot . get ready to short Sterling . This up wave won't last |
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Feb 6 2009, 11:03 PM
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Senior Member
592 posts Joined: Jan 2009
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If you really know your biz , you would know nothing is for sure .
If you knew what is a sure bet you won't be here touting for retail punters. In fact if you are employee and not remiser why is OSK scrapping around a web forum for punters ?? LOL I think you are a remiser. As for why short GBP well that has no relevance to you does it , since you actively proclaim your aversion to FX trades why would you care what I short or long ? If 1 of the guys ask me then it's different. This post has been edited by Txi: Feb 6 2009, 11:06 PM |
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Feb 6 2009, 11:09 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(Txi @ Feb 6 2009, 08:03 AM) If you really know your , you would know nothing is for sure . Yadi yada yadi yada.If you knew what is a sure bet you won't be here touting for retail punters. In fact if you are employee and not remiser why is OSK scrapping around a web forum for punters ?? LOL I think you are a remiser. As for why short GBP well that has no relevance to you does it , since you actively proclaim your aversion to FX trades why would you care what I short or long ? If 1 of the guys ask me then it's different. Personal attacks are all you can come up with. I am sure you can do better than being a smart ass with a loud mouth. If you can prove yourself, why do you even bother assuming what i represent and who i am. If you want a challenge, ask me out, and let me see your porfolio. Just don't talk crap here and do personal attacks. Nobody cares dude. And as my job title states; I am a futures broker representative, not a remiser. I am sure you know English PRETTY WELL right? Don't be an internet gangster, talk big over the net. PS: And OSK doesn't open FX accounts. Doh... PSS: I am not touting for any business, these guys know me well enough to know what i represent and how i can help them. As for you, either you are afraid of me or you just want to put me down to make yourself look good. Then again, personal attacks, i had it from couple of forumers already. It only makes you look worse. This post has been edited by AdamG1981: Feb 6 2009, 11:12 PM |
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Feb 6 2009, 11:17 PM
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Senior Member
592 posts Joined: Jan 2009
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personal attack ?
You say you don't like to trade FX . I say short GBP , you ask why ? I tell you no relevant to you due to what you just said ? Why does a person who discourages FX want to know about a FX trade . What part of this is unclear ? Either you don't understand plain English or you are say 1 thing and change when it doesn't suit you. If I ask you out then I would be asking to see your portfolio not vice versa , " dude ". Are you saying part of OSK dealers job is to tout punters at 10.45pm ?? Please don't take the forum for fools , this is funny. This post has been edited by Txi: Feb 6 2009, 11:17 PM |
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Feb 6 2009, 11:21 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(Txi @ Feb 6 2009, 08:17 AM) personal attack ? I didn't say i dont like to trade FX. I just gave a caution to beginners. Which part do you not understand? You say you don't like to trade FX . I say short GBP , you ask why ? I tell you no relevant to you due to what you just said ? Why does a person who discourages FX want to know about a FX trade . What part of this is unclear ? Either you don't understand plain English or you are say 1 thing and change when it doesn't suit you. If I ask you out then I would be asking to see your portfolio not vice versa , " dude ". Are you saying part of OSK dealers job is to tout punters at 10.45pm ?? Please don't take the forum for fools , this is funny. Well, i can always ask for opinion. And you take that as i am a newbie? Hence, you make assumptions about me. Which part here that i am seeking for punters? Oh please dude, you don't even know what you talking about. You just full of yourself. Don't be such a chicken talking shit about someone you don't even know. |
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Feb 6 2009, 11:21 PM
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Senior Member
592 posts Joined: Jan 2009
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IF OSK don't open FX accounts . then WHY ARE YOU HERE ??
The thread is " FOREX corner " not KLCI of Corn oil corner Can you read?? yeah right , you gave your opinion and I gave mine end of story . what part of that is unclear? you are not seeking punters then why are your " credentials " plastered all over your posts ?? art deco ?? I don't think so . At least have the guts to be honest about what you do. Chicken shit ? My blog is there for all to check out and FYI I was part of the original team in RHB futures who do only institutional clients like BZW Sg and MS HK , not touting on the net . Who knows what now huh ? Oh , you sound very angry , why don't you PM me and we can take this private ? This post has been edited by Txi: Feb 6 2009, 11:27 PM |
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Feb 6 2009, 11:23 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(Txi @ Feb 6 2009, 08:21 AM) IF OSK don't open FX accounts . then WHY ARE YOU HERE ?? And i cannot trade FX for myself?The thread is " FOREX corner " not KLCI of Corn oil corner Can you read?? Dude, your arguments are weak. Get a life, get a dictionary and come back when you are an adult okay. Added on February 6, 2009, 11:28 pmTsk, such "professional" person helping forumers to find a job in an investment bank. With this type of mentality, i wonder which bank you are associate with. IF you want to carry on this meaningless argument, you can go ahead. I got better things to do than entertaining someone who can't even understand english. This post has been edited by AdamG1981: Feb 6 2009, 11:28 PM |
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Feb 6 2009, 11:29 PM
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Senior Member
592 posts Joined: Jan 2009
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Really ? so what are you doing during prime FX hours ? do you even know when this is ??
....... what you do best touting on the net . |
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Feb 6 2009, 11:30 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(Txi @ Feb 6 2009, 08:29 AM) Really ? so what are you doing during prime FX hours ? do you even know when this is ?? You got yourself PM........ what you do best touting on the net . |
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Feb 6 2009, 11:37 PM
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Senior Member
592 posts Joined: Jan 2009
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Ho Ho This guy's a fantasist .
he refuses / can't to read ! I was part of the original team in RHB futures who do only institutional clients like BZW Sg and MS HK , not touting on the net . Who knows what now huh ? |
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Feb 6 2009, 11:40 PM
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Senior Member
1,578 posts Joined: Aug 2007 From: Johor-Singapore
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I got this from InvestoPedia:-
QUOTE You place a trade in GBP/USD. Let's say you decide to short the pair at 1.7500 with a 1.7600 stop and a target of 1.7300. At first, the trade is doing well. The price moves in your direction, as GBP/USD first drops to 1.7400, then to 1.7360 and begins to approach 1.7300. At 1.7320, the GBP/USD decline slows and starts to turn back up. Price is now 1.7340, then 1.7360, then 1.7370. But you remain calm. You are seeking a 2:1 reward to risk. Unfortunately, the turn in the GBP/USD has picked up steam; before you know it, the pair not only climbs back to your entry level but then swiftly rises higher and stops you at 1.7600. You just let a 180-point profit turn into a 100-point loss Again I'm confused. Why higher the price is bad? |
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Feb 6 2009, 11:44 PM
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Senior Member
4,030 posts Joined: Apr 2008
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QUOTE(Txi @ Feb 6 2009, 08:37 AM) Ho Ho This guy's a fantasist . I was replying to your earlier post before you edit your post. I already gave you a pm. he refuses / can't to read ! I was part of the original team in RHB futures who do only institutional clients like BZW Sg and MS HK , not touting on the net . Who knows what now huh ? So either you want to continue trying to bash me here, or you want to settle the differences outside. Simple. I don't drag my company in, or your company in our conversation. |
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Feb 6 2009, 11:45 PM
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Senior Member
534 posts Joined: Mar 2008
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QUOTE(Ibrahimovic @ Feb 6 2009, 11:40 PM) I got this from InvestoPedia:- Because this is forex. You can make money both ways, if you expect the price to depreciate you sell the currency. If you expect the price to appreciate, you buy the currency. It's not the same as stock.Again I'm confused. Why higher the price is bad? Now as for the example, you expect the currency to depreciate so you sell the currency. However, midway, the price turned against you and it is now even higher than the price you sell. Thus you are incurring losses. Hope you can understand this newbie explanation from me. |
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