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 FOREX Corner v 5.0, FAQ|Technique Sharing|News|Broker

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oumind
post Apr 27 2009, 06:44 PM

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From: lrtwey
QUOTE(bulkbiz @ Apr 26 2009, 08:19 PM)
I think what adam mean is that FA plus confirmation from TA.
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Now you have to be political analyst as well, e.g. Swiss central bank intervenes in currency market.
oumind
post Apr 28 2009, 07:56 AM

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From: lrtwey
QUOTE(small-jeff @ Apr 28 2009, 01:07 AM)
USD is facing a bit of challenge to be the safe haven now. Looking at the Treasuries auction for its 3 and 6-month bills, i considered it weak. What is left now for the Euro is how ECB is going to play with its tools. Best bet  would be to extend the maturity period. However, i still do believe Euro would gain against the USD, probably by June
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All fiat currencies :-)
oumind
post May 3 2009, 04:50 PM

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From: lrtwey
QUOTE(AdamG1981 @ May 2 2009, 10:07 PM)
I never use stops, because i m pretty good in analyzing my charts. So far i have always won more than i lost, without using any SLs.
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Do you sit in front of computer 8 hours per day?
oumind
post May 3 2009, 08:05 PM

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From: lrtwey
QUOTE(bulkbiz @ May 3 2009, 09:21 AM)
Yea a lot of complain about FXCM link. I am about to change broker too.
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Change broker because your broadband connection is bad for accessing your broker website? In another country, you should change your broadband provider(the culprit). In Malaysia, I suggest you subscribe to a wireless broadband provider as a backup.
oumind
post May 5 2009, 01:50 PM

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From: lrtwey
QUOTE(AdamG1981 @ May 5 2009, 11:05 AM)
Still doesn't make any sense.

As you all know forex is highly sensitive to press releases and press conference from central banks, governments, etc. If you can scalp and make money without having any stop loss, there's almost unbelievable. Sure, you have your ways but i been trading bigger lots and much longer period than you and i wouldn't say i never lose.

All traders lose, its just a matter how small the losses are and how big the gains are. If the trader claims he NEVER loses, i am a non believer. How would you reshape your strategy and sharpen your skills when you never lose?

Another small note: I'm not hatin on your scalping skills as i make much more than your scalp trades. I daytrade us stocks and i make 500 usd a day, if i am PROPERLY awake and do my research. Those who knows me will know my studious side. I don't claim i don't lose, but when i do lose, i admit my losses.
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AdamG1981, want to start a hedge fund, e.g. managed futures fund, global macro fund?

Humility is a sign of strength!

oumind
post May 5 2009, 03:52 PM

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From: lrtwey
QUOTE(prolog @ May 5 2009, 03:14 PM)
anyone knows a good proxy?
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For 'sensitive' sites, my recommendation is do not use third-party proxy. If you are serious about trading, get a 3G BB.

oumind
post May 8 2009, 09:32 AM

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From: lrtwey
QUOTE(AdamG1981 @ May 8 2009, 08:57 AM)
Why do you think GU, AU, EU will fall from these levels? Have you guys even check the bond auction?  I guess not!
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I guess you mean US long-dated bond auction?
oumind
post May 9 2009, 08:44 AM

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From: lrtwey
QUOTE(prolog @ May 9 2009, 12:30 AM)
NFA imposes no more hedging in all the brokers regulated under NFA
it sucks big time
now i cannot trade long term of the main trend and day-trade the retracements within the same account
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Next rule - long USD only :-)
oumind
post May 9 2009, 04:53 PM

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From: lrtwey
QUOTE(prolog @ May 9 2009, 01:44 PM)
who has ever got rich by using 100:1 leverage in a long run?

although, people can build up some amount by consecutive lucky winning streaks, 1 mistake will be the only and the last mistake that blows up their accounts..
if you see 100 leverage, -100 pips can kill the whole account
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Those who use super high leverage
1. gamblers, e.g. confuse between professional short term trading and gambling
2. Wall Street prop traders, e.g. not my money and I am 'too-big-to-fail'
oumind
post May 15 2009, 04:57 PM

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From: lrtwey
QUOTE(AdamG1981 @ May 15 2009, 03:56 PM)
Well Jeff, if you watch SPX futures, its struggling to break 50 sma. USD might strengthen tonight
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If you believe long term bond traders are smarter, what will trigger the market to realise USD is not safe haven?
oumind
post May 21 2009, 04:57 PM

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From: lrtwey
QUOTE(ezzenet @ May 21 2009, 04:45 PM)
What happened to G/Y suddenly dropped 200 pips? E/U g/U all drop. Txi, is this your doing?
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S&P cuts UK credit rating on gov deficits - http://www.marketwatch.com/story//standard...ook-to-negative


Will Fitch Ratings cut US credit rating on the same reason?
oumind
post May 21 2009, 08:04 PM

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From: lrtwey
QUOTE(oumind @ May 21 2009, 04:57 PM)
S&P cuts UK credit rating on gov deficits  - http://www.marketwatch.com/story//standard...ook-to-negative
Will Fitch Ratings cut US credit rating on the same reason?
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Potential danger for US credit rating downgrade - http://247wallst.com/2009/05/21/uk-debt-tr...m-closer-to-us/

Competitive currency devaluation??

oumind
post May 22 2009, 09:45 AM

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From: lrtwey
QUOTE(billytong @ May 22 2009, 09:09 AM)
Safeheaven now = other currencies + Gold.  sweat.gif
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Gold bugs rejoice? They have been waiting for this for the past few years!

BTW, US long term treasury bonds crash as well. Interest rate hike is brewing? Will it spread to other countries?

This post has been edited by oumind: May 22 2009, 09:48 AM
oumind
post May 22 2009, 10:25 AM

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From: lrtwey
QUOTE(cscheat @ May 22 2009, 10:22 AM)
this thing is pissing me OFF !!!!  vmad.gif  vmad.gif
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Get a 3G BB for backup :-)
oumind
post May 22 2009, 02:29 PM

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From: lrtwey
QUOTE(small-jeff @ May 22 2009, 02:08 PM)
@billytong ,
actually on thursday night it is already apparent, where the sell off in equities failed to cause a rally in Treasuries. I've actually been waiting this moment for quite long time. Placed a long position during last night's consolidation, gonna hold for quite a while. Hope it'll last. biggrin.gif Yes, i would agree we're in a new zone...
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Let's see what the 'invisible hands' can do this round! Another surprising good economic result? Higher margin for shorting USD? Remember they set the rules and have 'money printing machine'!

oumind
post May 23 2009, 08:06 PM

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From: lrtwey
QUOTE(unsung_warriorr @ May 23 2009, 07:05 PM)
a noob question.

how can i make at 20 pips everyday consistenly ?

i tried to set target 20 pips everyday but i think its hard cos i play micro account only.
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If you think trading FX (high risk) can be similar to investing in fixed income (low risk), then you need to pay 'school fees' :-)
oumind
post May 29 2009, 06:07 PM

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From: lrtwey
QUOTE(may_haw @ May 29 2009, 01:41 PM)
I am wondering is anyone here are willing to share their trading method, the way I look at this forum is more on broker chatting forum. Is trading method a secret? I supposed the more people use the same trading method, the more accurate it can be.

I am newbie sorry if i say anything wrong.
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Every transaction needs a seller and buyer. So if everyone thinks the same way or use the same method, then there will no transaction.
oumind
post May 30 2009, 02:17 PM

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From: lrtwey
QUOTE(AdamG1981 @ May 30 2009, 01:36 PM)
Sell Eu before Thursday. ECB meeting, potential cutting interest rate or buying bonds to curb the rise of EU.
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Thanks for the reminder. Let's see whether the momentum crowd can push eur/usd to 1.47 between mon and thu

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