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Forex Junction
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iPunter
Supreme |
12-May-2008 08:50
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Although there are practically 101 trading techniques to play fx, the philosophical/strategic teachings expounded in "Bird Watching in Lion Country" is worthy of even the most experienced fx veteran, particularly those who have blown and are still blowing accounts... 
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iPunter
Supreme |
11-May-2008 21:02
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95% of retail forex players lose money. Many of them go after new 'secret' trading systems after system after system and still looking...
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iPunter
Supreme |
11-May-2008 21:00
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95% of players lose money... it is no different in currency trading. |
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cashiertan
Elite |
11-May-2008 18:58
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anyway, just avoid trading the pair that have news coming out in 1-2 hours times to avoid spikes in price that trigger your position SL. most forex trader uses this website to track news time as it can be set to your country timezone. http://www.forexfactory.com/calendar.php News may affect the short short term price but it will always move back to where it intend to move. Central BANKS almost never can change the direction of the currency if the institution players think other wise. |
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cashiertan
Elite |
11-May-2008 18:52
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Another Bull SHit by ipunter aka manimako aka ebooks salesman. All real Forex Trader knows that FOREX is 80% TA and 20% News. Never have the central bank ever suceeded in making the market move accept by cutting interest rates or the economy conditions of the country. BOJ cant even lower its yen strength recently to make its currency cheaper for export. Mass markets aka the institutions are the real mover of the market who determine the near future price and direction of the currency. And how they move the currency? Based on TA rules of coz... go read more abt forex and do more tradig before putting your posting here. post with responsibility and stop trying to sell crappy ebooks. so hard on living that have to sell ebooks? |
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iPunter
Supreme |
11-May-2008 17:31
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For instance, there is this thing called central bank 'intervention', which can really 'wreak havoc' with the charts...
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iPunter
Supreme |
11-May-2008 09:25
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Many forex veterans say TA doesn't fully work on forex, |
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baseerahmed
Master |
10-May-2008 23:37
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joschia
Member |
07-May-2008 21:48
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Hi techsys, Kindly share with me your trading strategies. My email is joschia@gmail.com Thanks |
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sharefan
Member |
06-May-2008 15:14
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Hi techsys, |
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wiiplay
Member |
05-May-2008 23:44
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Hi techsys, Please also include me in your mailing list. I am keen to learn to trade the forex market. victorlee03@gmail.com
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ojcurious
Member |
05-May-2008 19:50
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Hi techsys, I gotta burned by fx before. Would greatly appreciate it if you could share your technique with me. ojcurious@hotmail.com Many thanks in advance. |
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freeme
Elite |
05-May-2008 11:52
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Hi tech sys, Please include me in ur mailing list: andysiow.wc@gmail.com |
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rikkyyee
Member |
05-May-2008 11:21
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Hi techsys Can you share with me as well my email : rikkyyee@yahoo.com |
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techsys
Master |
05-May-2008 10:55
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Joschia ... please trace back the record on this thread .. you will know what todo :D
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techsys
Master |
05-May-2008 10:44
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Hi Samall, I will send you email that I had sent to other. Keep consistent, and freedom will come to you ... this is about self-management. Last week performance for my first strategy is 225 pips.
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rikkyyee
Member |
05-May-2008 10:31
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Hi yongliang168 Thank you for the kind sharing of e-book. my email= rikkyyee@yahoo.com |
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freewill
Member |
05-May-2008 10:17
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Hi Techsys please include me in your mailing list : limsiang@gmail.com . thanks.
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yongliang168
Member |
05-May-2008 09:07
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Morning Adviser Asia Further Upside To Dollar USD: Light data week ahead EUR: ECB meets on Thursday AUD: ANZ job ads and house prices are due Asia: Where is the tightening? IDR: BI at a crossroads on rates Tech: USDJPY moves above resistance G10 USD: Light data week ahead The US dollar strengthened across the board last week, with EUR in particular suffering some heavy losses. The US dollar benefited from the Fed adopting a more neutral stance at the FOMC last week, while data in the Eurozone continued to come in soft. The US dollar got further support on Friday, with the non-farm payrolls release showing job losses of just 20k, while the jobless rate declined unexpectedly. The payrolls report is an exceptionally volatile release and subject to considerable revisions and hence we would not place too much emphasis on the one data point. In the week ahead, US data of particular interest is limited to non-manufacturing ISM for April due later today and pending home sales for March due on Wednesday. Non-manufacturing ISM likely only dipped to 49 in April from 49.6 in March, and is still only at levels consistent with a mild recession. The bigger picture for FX markets remains that we think the ECB is being gradually forced by the data flow into accepting that interest rates need to come lower, while the Fed rate cutting cycle is in the end game. On that basis, while the US dollar has already appreciated rather rapidly against EUR over the past one and a half weeks, we think the risks still tilt to further strength, and target EURUSD at 1.47 over 3 months. We suspect that there is still significant positioning by real money accounts against the US dollar, and a recapitulation of those positions could become another driver of US dollar strength. On a shorter-term basis, our technical strategists warn that EURUSD remains bearish below 1.5499, and a break of 1.5410 opens the way down to 1.5342. Ahead today, and in addition to the non-manufacturing ISM release at 1400 GMT, Fed Chairman Bernanke speaks on the subject of mortgage delinquencies in the US evening, or around 0030 GMT, which is tomorrow morning Asia time. Japan is on holiday today and tomorrow. The UK is also on holiday today. EUR: ECB meets on Thursday The ECB meet on Thursday and while no one expects a rate move, there will be intense scrutiny of ECB President Trichet's subsequent press conference. Eurozone manufacturing PMI released on Friday showed a slight expansion in April but the pace was the lowest since May 2005. The headline figure of 50.7 shows the sector is flirting with contraction as the global downturn and weakening terms of trade continue to squeeze the sector. A breakdown showed that German and French manufacturing PMIs managed to say in expansionary territory, while Italian and Spanish PMIs remained well below 50 at 48.2 and 45.2 respectively. AUD: ANZ job ads and house prices are due A few data points are out this morning. A monthly barometer of inflation is due at 0030 GMT, while ANZ job ads and Q1 house prices are due at 0130 GMT. Employment data is key at present given the deterioration in consumer sentiment. The RBA meet tomorrow - we would expect them to maintain a neutral to slightly hawkish bias in light of strong PPI, CPI and Friday's unexpected rise in retail sales. However, even with the 0.5% m/m rise in retail sales for April, our economists note that following a flat January and a 0.1% drop in February, the first quarter of 2008 is the weakest since mid-2005. Volumes have fallen through the quarter, and overall the release is consistent with our expectations of a significant but orderly moderation in consumption over the coming year. With commodities prices starting to ease and the impact of the global slowdown being felt more widely, the AUD may face some pressures up ahead, though the current risk environment is proving more supportive for high-yielding currencies. While we think AUD can trade lower in coming months, we still need an appropriate catalyst. We maintain our 1- and 3-month targets for AUDUSD at 0.9100. In New Zealand this morning, the private sector labour cost index of private wages rose by 0.7% q/q, below expectations of a 0.8% q/q gain. However, the market is already short NZD, so the data had little impact. Emerging FX Asia: Where is the tightening? With most countries in Asia net importers of food and energy, CPI readings are at multi-year highs across the region. Singapore's CPI is at 25-year peaks, while the others are at their highest since the 1997/98 crisis if fuel subsidy cuts in Thailand and Indonesia are ignored. Yet, barring a 12.5bp hike from Taiwan's CBC, no Asian central bank has raised rates this year. The PBoC last hiked in December, while Bank Indonesia actually cut rates by 25bp the same month and BSP eased in March 2008. While Bank Negara Malaysia has remained relaxed on inflation, we see a risk that the government may have to cut subsidies given a likely fiscal deficit of 3.5% of GDP this year. Others in the region have sounded rightly worried about inflation, but their actions have contrasted with their words. With inflation rising across the region, the implications are clear for real rates. FX intervention has also accelerated. Reserve accumulation after FX valuation effects rose to a monthly average of US$25bn in Q1 from US$20bn for Asia ex-China. In REER terms, the SGD, CNY and PHP are higher, the THB is flat, while the TWD, MYR, KRW, INR and IDR have weakened. This effectively means easing monetary conditions (real rates + REER) in most Asian countries, apart from China and Singapore, at a time when monetary tightening is needed. Asian central banks have made the right noises on inflation, but been mercantilist in their monetary policy management. Hence, we do not like the Asian yield curve in general, and believe policy mistakes could also raise risks for Asian currencies. While it's best to avoid adding long Asian currency positions for now, we don't see a need to reverse our existing positions. Like the MAS, the CBC has not been averse to allowing the TWD to appreciate. The TWD also has a positive political angle, and it's not as crowded a trade as many people think. Our long INR/short NZD trade is being supported by a weakening NZD and should be relatively safe if you believe the recoupling view would mean a weaker Euro, stronger US dollar and weaker commodities. Moreover, USDINR is at lofty levels now and may face some selling once the short squeeze ends. |
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wacko111
Member |
05-May-2008 07:38
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hah. Thats a hefty sum. Anyway which are the brokers... you mind sharing?
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