it is the whole reason I give up taking big 200 pips profit. I rather do 10 times 20 pips and I can log off when I feel tired. I dont need to wait and see when to close it.

since 4 days ago i got solid cash about >RM2K each trading session take less then 2hours and I spend the rest of my time playing game, shopping, lepak sleeping..... hmm what else I miss?

200 leverage isnt really that high. Just that my trading size is 4 USD per pip. So it is a medium size trade. I only spent 2 hours a day or at maximum 4 hours if I am unlucky and the market is a pancake.

this Forex thing is all about market perception. Sometimes Anouncing that 300bil bill can be a good news. Which means the currrency +

it is up to the market to believe what politician have to say.

If they believe it +, if they not -. So in short term u have to look into the market perception, in a long term like like 2-5yrs, Market will always follow back the fundamentals.

With the fundy at this moment

It wont be a instant 600pips drop, but it will definately be bearish looking @ the next month ECB rate is likely to be lowered. But the weaken USD cause by the printing money by US gov has/had slowed the EUR/USD drop. (Look at other pairs, there isnt any significant drop)

Fxcm is less sensitive to our long ping time connection.

but when it disconnect it either hang, or wont tell u, the price wont move.


Oanda is more sensitive to ping, a little spike ping 1K+ will DC a bit but quickly reconnect.

It is up to ur prefrence.


but trading news, Fxcm, for scalping Oanda. Use the biggest broker, u can find.

btw, Oanda already have Singapore version. Might be good if u guys take a look. www.oanda.com.sg

Rest, 3672, 3642

Support 3590 3550-60

for now.

The Euro is falling. Unless the stock futures change the direction, the Euro will be giving back its gains.

Today will probably set the trend. Key lvl is 3110-20s

This post has been edited by billytong: Apr 27 2009, 06:29 PM

Not quite, right now it is all about the perception of the market. What the market believes. Read that.

It is the same as US economy downfall but USD become "safe heaven" because most think USA will recover ahead of others. Right now looking after the constant green data out from German. It seems to become rather a mixed feeling.

This post has been edited by billytong: Apr 27 2009, 06:54 PM

the market change very fast these days. plus it has drop a lot more than b4. So calling 1.30 GU now is pretty much out of stupidity without explanation.

Right now I got probably of mix data. It is either a bull or bear( Profit taking Friday) today.


Key levels for EU.

3710
3666
3630
-----------------------------
3569
3530
3470
3430


All these are previous S/R. So it will highly likely to stop there.

if u guys read my key levels back in last week, ~3430 is being rock bottom of this rally. No I am not GOD or some crazy people that read the EU price, just this time the Euro is behaving what it suppose to behave. hitting the old support taking the rally on the a stock rally. Unless the stock tomorrow turn red, the bull will continue to run. but I am sure thet might probably have some retracement, may be hitting the early low 38xx. This time it is the new zone/new high. Short will probably happen on the stock profit taking, may be Friday.

I am going to stay out this today, this crap little diff.

I lost a little 32pips out of the very best short EU @ 3790s when I see the dow is down yest. which usually end up USD is safe heaven. Right now the market seems not to believe USD is safe heaven anymore. Even the Yen crosses is behaving opposite of what it should. We are in the new trend of uncharted water. Things has change a bit.

Safeheaven now = other currencies + Gold.

This post has been edited by billytong: May 22 2009, 09:10 AM

Seriously it is just beginning of 1-2days, things has started. But I prefer looking to see how it plays out b4 landing into uncharted waters. Besides it is not soo attractive to Long EU @ these levels.

This post has been edited by billytong: May 22 2009, 02:45 PM

Trust me it is not hard.

Wrong, u base on both TA, and FA. and yes, longing @ support, shorting @ Resistant give easy pips. Just take a took on how Eur/Usd did to 1.4020 in the past few days. U will know having 20pips a day is not hard.