*Official* Forex Trading thread.

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neoartz

neoartz

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Mr.Canberra said:
Today I also a bit occupied with other matters but will always try to make time for New York session.

Your total realised gains more than mine by a bit. You leading. LOL! :s13:

We turning Forex trading similar to competitive online gaming hahaha! :D
Click to expand...

Haha no la.. where got competitive haha.. i'm still trying to learn the art. :D
Now only trading in Micro lot :s13: everyday trying to kio laska $$
 
awful999

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I hope I have more time , day time don't have much time need to work, only night time but still cannot sleep late ..
 
Mr.Canberra

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[M]aiev said:
haha you all day trading and scalping; I prefer long time frame one.

:s13:
Click to expand...

Your profit taking time frame is daily or weekly?

neoartz said:
Haha no la.. where got competitive haha.. i'm still trying to learn the art. :D
Now only trading in Micro lot :s13: everyday trying to kio laska $$
Click to expand...

Mini lot is $10,000 contract. So micro lot is $1000 contract?

Kio laksa or KFC money also not bad. Means food expenditure is free besides utilities, rental if any and transportation.

If monthly profit can cover groceries and utilities not bad liao leh! :D
 
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neoartz

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Mr.Canberra said:
Your profit taking time frame is daily or weekly?



Mini lot is $10,000 contract. So micro lot is $1000 contract?

Kio laksa or KFC money also not bad. Means food expenditure is free besides utilities, rental if any and transportation.

If monthly profit can cover groceries and utilities not bad liao leh! :D
Click to expand...

Yeah man.. :s13: it's the experience and discipline that matters.
 
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[M]aiev

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Mr.Canberra said:
Whipsawing since 12:12am. Easy to trade. Too bad my position stuck way up at $0.719. :s13:
Click to expand...

I avoid trading when market is ranging; it's hard to trade.

It is good when it can give the user the edge of market imo
 
Mr.Canberra

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NZD/USD

[M]aiev said:
Disagree to that, i avoid ranging when market is ranging; it's hard to trade.
Click to expand...

For scalping, whipsawing price range is easy kill but for longer time frame trading not ideal. :)

BUY SELL, SELL BUY till as long as you can.

90% of the time is I go for fast frags (pips). Only when trade moves against me I will carry trade and let it recover. Sometimes takes 2 months plus. Hahahaha. :D
 
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[M]aiev

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Mr.Canberra said:
For scalping, whipsawing price range is easy kill but for longer time frame trading not ideal. :)

BUY SELL, SELL BUY till as long as you can.

90% of the time is I go for fast frags (pips). Only when trade moves against me I will carry trade and let it recover. Sometimes takes 2 months plus. Hahahaha. :D
Click to expand...

I prefer to use stop loss; sometimes i will cut loss even if it doesn't hit stop loss depending on situation.

:s13:
 
Mr.Canberra

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[M]aiev said:
I prefer to use stop loss; sometimes i will cut loss even if it doesn't hit stop loss depending on situation.
Click to expand...

Forex trading no need commission so can execute more trades.

For stock trading if keep using stop loss then the commission will be killer! :s13:
 
Mr.Canberra

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USD/JPY

DOLLAR-YEN TECHS: Rally Moves Toward Top Of Next Target Zone

*RES 4: Y115.80 61.8% Fibo of Y125.82-Y99.58
*RES 3: Y115.42 1.618 swing of Y113.99-Y111.39
*RES 2: Y114.80/87 Nov 30, Feb 16 highs
*RES 1: Y114.55 Hourly resistance
*PRICE: Y114.52 @1426GMT
*SUP 1: Y113.75/85 Hourly support
*SUP 2: Y113.28/31 Previous resistance area Nov 28-29
*SUP 3: Y112.73 Initial rally high Nov 30, now support
*SUP 4: Y112.09 Nov 30 low

*COMMENTARY* Back above Y113.28-31 swings bias back in favour of the topside, further increased by the break of the month's previous Y113.88 high. This now sees the Y114.52-Y114.87 highs from early this year as the next target area. Support moves up too, Y113.75-85 and then that previous Y113.28-31 area now protects against anything more damaging. Above Y114.87 and the swing target at Y115.42, then stands in front of the next major Fibo retrace level at Y115.80.
 
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Mr.Canberra

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USD/JPY boh lat so far.

Coming right up.

10:45PM US Markit Manufacturing PMI Final NOV
11:00PM US ISM Manufacturing PMI NOV
 
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