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Forex Junction
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baseerahmed
Master |
24-Jan-2008 07:13
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My personal view : In order to fully appreciate and implement Trade Secrets Video whole-heartedly u should have " been there and have done that " experience. For that u need to have gathered the basic knowledge . Its like driving the Porche . Before that u need to have the basic driving skills , have had knocked here and there , cleared ur doubts etc... and then when u are handed the Porche ... wow ! .... u know what to do ! If you had been straight away given the Porche ... being human and curious and doubtful ... u might damage urself by trying to act smart ..tweak here and there ... so ....beginners give urself time and explore . The market is always there. : ) |
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baseerahmed
Master |
24-Jan-2008 06:40
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Agree with cashiertan And thanks to Dr.Manikamaniho who was the first one to hightlight / brought to ur knowledge and attention both the Genie and Trade Secrets Video. Having said that, learning and understanding and re-learning is a never ending journey. |
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cashiertan
Elite |
24-Jan-2008 03:56
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tabby oh yes forget to tell u, usually my trade will close with 1-3 std lots, rarely am i able to add up to 10 lots. in fact i only do it once and that was not with 10 std lots but with 10 mini lots, i was trading smaller lots as i am still pretty new then. tomolo should have many trades based on Trade Secrets Video System , since u have it, let benefit it from it tomolo genie wouldnt work as well on forex as stock. Trade secret vids will work better. if genie that good, you wouldnt have the need to get any new ebooks and systems. www.Stockcharts.com is free more than enough on stocks and confirmed better than genie which need to be paid. however i am sure Trade Secrets Video System will be a better buy for trading on forex, stocks, commodities etc. In fact i like anyone who have both genie and Trade Secrets Video System to come here and post reviews abt the two. reviews by me alone may not fair and enough to proof my point. In fact i am sure techniques in Trade Secrets Video System itself is sufficient for one to trade profitably enough on most markets. Nevertheless genie 1st 2 chapterof genie is a good read thou for psychology of trading thou |
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cashiertan
Elite |
24-Jan-2008 03:43
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tabby, sori i only just saw ur reply. lol so late. currently i am trading in 1 - 10 Std lots. i always start with 1 std lot and I average up. so you should know how much i generating from forex per mth? since u also have shared trade secret vids with me, maybe you would like to implement it to make your forex trading better. i believe i have mentioned it to u in email so i just remind u again in case u forget. All, forex has been in turmoil with stocks market affecting the forex market. i keep away as the market is volatile with only a few pairs showing some trend. however i just entered a short eurusd trade to ride on eur short term weakness |
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cashiertan
Elite |
17-Jan-2008 12:28
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hi letonz, i dun use 6 sma , i use the norm 10 50 100 200 sma. all my chart is the same, 10 50 100 200 for forex. i have no advice as it is best to follow the system u learn from. most impt thing abt system is that eventually u profit if u keep following the rules. for stocks, i use different set of sma and indicators hope it helps |
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cashiertan
Elite |
17-Jan-2008 12:23
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for analysis, most the whole world use mt4, trading u use any broker u like as long it offer the lowest pip spread. | ||||||
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letonz
Member |
17-Jan-2008 01:17
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hi cashiertan what technical analysis software do you use for your forex trading, is it metatrader 4 frm interbankfx trader.how do i plot the 6 hourly Moving average on the hourly chart, is it i set the period to 6. if you trade on daily chart,what moving average do you would you advice.thks | ||||||
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cashiertan
Elite |
14-Jan-2008 23:18
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No, I dun really believe using the same indicators for all trades. however there is few indicators which is used. MA and MACD However the key to trade is to know what you are trading and the characteristic of it, then u will know what tools to use. |
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snoothie
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14-Jan-2008 22:54
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Hi cashier & fellow forumers, Just curious, do you use the same system to trade both stocks & forex? Do you use the same sets of indicators to chart stocks & forex? care to share? |
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cashiertan
Elite |
13-Jan-2008 14:28
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http://www.fxcm.com/collect-positive-rolls.jsp above shows how to trade carry trade and explain rollover yah just realised i typo error, yah i shorted UsdYen, not UsdSwiss. Thanks for Usdchf, rollover is lower at around $10 (1 pip) per std lot. looking to short usdchf however still waiting for a better price to enter. also to point out something abt USDYen trade, the pair is influeneced by DOW performance, hence i may abort the trade if DOW rallied or go bullish and switch to short UsdSwiss or long eurusd |
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cashiertan
Elite |
13-Jan-2008 14:17
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yah i calculated that. as the USDJPY daily trade can be alot of volume, i think it should be profitable enought to cover the carry trade cross. as i expecting this trade TP should last max not more than 3 weeks (personal view not inducement to trade) anyway the swap or rollover rate is not as high as 6 to 10 pips. it is around 1-2 pips per nite. however on wed it will be 3-6pips as the interest for sat and sun is counted on wed. basically i am paying ard $13 (or 1.3 - 2 pips) per standard lot for USDYen per nite. |
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clauswu
Member |
13-Jan-2008 10:08
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Cahsiertan Did you short USDJPY at 109.01? USDCHF is still trading above 1.10. Shorting JPY crosses is currently a favourable tactic but you pay 'negative interest' (between 6-10 pips/day) the longer you hold the position. Basically the opposite of what you would earn in so called 'carry trades'. |
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Manikamaniho
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13-Jan-2008 09:32
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But shorting is only most lucrative if one shorts when the market is still bull... |
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cashiertan
Elite |
13-Jan-2008 00:31
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every trade is lucrative if u know the rules of playing it to have higher probability of winning. stock market can be lucrative if STI goes into recession, can make alot faster shorting! |
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Manikamaniho
Senior |
12-Jan-2008 23:43
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Looks like Forex is very lucrative to play...
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baseerahmed
Master |
12-Jan-2008 23:08
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cashiertan , thank you very much for the input . like i said earlier , i need to read up and get my " balance " .... like I always say : the market is always there ... like elfinchilde said in Fellowship , need to develop skills .. thanks for everything ! and may all ur wishes come true ! : ) |
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cashiertan
Elite |
12-Jan-2008 22:53
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Baseer, if u are busy, just trade based on 4 hours chart, allow u little maintenance and also huge profit but of coz slightly higher risk but if u follow what the ebooks u bought with me, and combined the essence of it strategy, i am sure you can easily earn few hundreds of pips ($1 to $10 per pip) per mth. seriously, i have good result with the ebooks we buy together. Entered Short Uschf yesterday near 109.01. Tprice : 105.00 , yes i aiming 400 pips profits, i giving it maybe some days to few weeks to reach that price. after that price, i will close 70% as profit and keep 30% to test 100.00. yah, i now position trading as i need less time to monitor. Why? simple, i expect US to cut interest rates in next Fed Meeting this month. 2nd, TA signal to short. cut lost at 109.71 |
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baseerahmed
Master |
12-Jan-2008 22:35
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wow ! wow! wow!wow!wow! casually had been looking at daily and 1hr charts of gbpusd for the last few days (without even reading up on forex news .. flying blind, so to speak) ..and made this observation : TA must have been build for this ..provided one can zoom in on the right combinations of patterns and indicators ..wow ! ..the power of TA ! or may be it was just beginners luck ? ! .... need to roll up the sleeves and do some more observations and more reading up on forex ..and set out some time to look into those videos and ebooks shared with cashiertan! mmmm .. i am reminded of the invitation sometimes back extended by Kilroy (hope I got the right person ) to elfinchilde to make use of her TA skills on forex .... mmmm .. ( hope she is reading this ..hahaha !) ---------------------------- (note: this is not an inducement .. just a personal observation ..posted in good faith ...if u are not properly equipped .. this Ali Baba's cave can morph into a landmine instantly .. be warned .... hahaha ! ) |
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cashiertan
Elite |
09-Jan-2008 21:08
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yes the market stun us quite often, the key is to make less loss and more winnings. today loss is my fault as i traded on news period w/o checking. was focusing on stock market more, i think u should know why, paiseh to say also. |
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Manikamaniho
Senior |
09-Jan-2008 19:33
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But very often, the market stuns us...
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