GU chart, H4
Long term view: Long on GU ard 1.47000 area.



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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

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.

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

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


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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.

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? )

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.

Haiyah, please read carefully the statement :S

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.
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.

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.

Can't be like that. share - share. How about 50:50? muahaha

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.

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 .

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.


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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.

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

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

Income? Are u mean forex gains or your fulltime job salary?
If is forex gains then it is not taxable. So no need to declare for income tax.

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

for demo trading, it is good to use mt4 platform. It provide good charting and most necessary tools for trading.
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.