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Forex Junction
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Manikamaniho
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18-Feb-2008 23:08
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Both Clauswu and Techsys are good people in this forum... |
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clauswu
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18-Feb-2008 22:22
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techsys, I definitely don't want to start a fight - but simply inform readers that FX is not easy and many people have got burnt. Sorry, I meant 'fundamental' analysis, not technical. Somehow got mixed up with your name. |
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letonz
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18-Feb-2008 21:51
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i come across this website, which i think is pretty useful and simple. http://www.simple-stock-trading.com/index.html |
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techsys
Master |
18-Feb-2008 21:42
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Hi Clauswu, I don't want to start a fight. It's better for you learn some easy language, less arrogan. Learn how to appreciate people. I know there are people smarter than me . Here, I'm trying to share something, I like and think it's fun to have with my friend. I don't mention that I'm the smartest. I even haven't told about technical analysis part. And you mention my technical analysis is too simple? I admit most of FX trader loses money, that is because they use only Technical analysis or just Fundamental News. About those pairs, I didn't mention they move parallely. If you have a look again ... I mention, their movement should be syncronize in order to trade it as Intraday Trader. One last thing, about US subdue, when I mention about that article, US Market haven't started. I just want to share about the impact of a news to market movement. If it's how you think .. I'm better stop. I don't want to start useless fight, wasting good mood ... Okay Claus ... My last advice ... if you don't want to be offended, don't started. If you mention you didn't ... look back what you have done ... bye!! |
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clauswu
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18-Feb-2008 21:06
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Your technical analysis is ok but too simplistic. If it would be that easy every FX trader would make money. But the truth is over 80% lose money in the FX market! The interview in Financial Times with Noyer was released at 6.45 am S'pore time, about 14 hrs before your post. There was no reaction in Asian trading, only a delayed one in European trading. GBP dropped for completely different reason (and started to go down earler than EUR): The nationalisation of Nothern Rock Bank. The impact of this news was worse, therefore the EUR/GBP cross went up from 0.7480 to a high of 0.7525. So these pairs did not move completely in parallel. The JPY dropped least and for different reason: One of the Finance Ministry officials mentioned the possibility of 1 or 2 quarters of negative GDP. Today's market action in FX market is also subdue because of holiday in US. This may exacerbate any move. P.S.: Let forumers decide to gove you a vote. Nobody else in this forum has asked so openly for it! |
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techsys
Master |
18-Feb-2008 20:24
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Don?t know why brothers here are so cruel ? don?t even give me votes. But here is bonus chapter from me. 
Please give me a vote brothers ? 
About 6 hours ago ECB Noyer announced a prediction about Europe Growth is weakening. Base on fundamental news we are told that support will stand on USD. But it won?t affect other currency pair. In this Fundamental news, we have EUR/USD and GBP/USD getting affected. Here are some charts to show the effect of this news: 
We can see EUR/USD and GBP/USD are dropping. Even though this news is not related with Japan, it will trigger USD/JPY to move up. Please follow this chart. 
The problem is if we are not market fundamental lover, searching news will be difficult and also we tend to lose our opportunity. But using technical analysis, we can recognize some pattern and identify where market trend is leaning to. There are three methods can be used to identify the possibility of market break. 1. Technical Indicators 2. Pattern in Market Chart 3. Momentum of Market Psychology Technical Indicator is the most common tools using now. That?s why this tool becomes vulnerable. The winning ratio using this method is about 60% - 70%. The most popular indicator is Bollinger, William% R and finally EMA. Together these three indicators can help intraday trader to get in and out safely. The next method is used commonly by mostly longer term trader. But knowing this method, it can help you to earn more pips and identify market movement more accurately. The third method is the most flexible and reliable. Mostly it?s used by corporate trader and banker. It can be used alone or together with the other two methods. (Due to its secrecy, I will reveal only to limited persons) Next -> Technical Indicators |
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baseerahmed
Master |
18-Feb-2008 18:03
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hahaha ! thought could rig the votes ... thought could click 6 times to get the next articles ...alas ... looks like fool-proofed ..hahaha ! one man one vote ! ok people keep voting .. don't be 'lazy' ... don't just 'window shop'.. log in .. and vote .. ! hahaha ! *wink* |
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techsys
Master |
18-Feb-2008 17:40
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Hi light8, follow my post, here, in this thread. I have written quite detail. For more information, give vote to all my post ... I'll sure continue with the core article. Btw, there is no best indicators and best pair in FX Market. If you have this kind of mindset, you will be hard to play and understand FX. I need 6 more votes to continue my next articles ... Let exercises your finger ... before read new FX articles. Thank for all voter ... The technical part is about to begin ..
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light8
Member |
18-Feb-2008 16:02
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Hi everyone, I like to know what is the best and accurate indicators chart to use to profit from forex ? Which is the best pair to trade ? Thanks j1j88@yahoo.com.sg |
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techsys
Master |
18-Feb-2008 10:28
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Hi YongLiang, this just my an opinion. No body in this world can corner currencies especially the major pair. If you read back the history of what they did, you will understand what happened. Considering the amount of circulating money at FX market, (US$ 3,220,000,000,000). Even the whole Bill Gates fortune is worth $56 billion, it's not even close to 1% of FX daily volume. So, FX market is a representation from financial market in this world. Here is my summary for you about what those name you mention did: George Soros is FOREX market speculator. Don't want to mention how he does, he can see market trend (Technically dan Fundamentally) and traded it following them. Warrent Buffet is sophisticated investor. He is an extreamly good market analyst (FA/TA), can recognize in fact very good company but less favour by market. |
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yongliang168
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17-Feb-2008 23:27
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i am trading forex. so i guess i have to stay netural with my comments forex and shares has their own strengths n weakness forex - no one in the world can corner currencies unless u r soros or buffet shares - this is a small mouse club. once u get in. u wont give forex a damn. Cheers guya - stay rich n happy |
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techsys
Master |
17-Feb-2008 21:26
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So bad, only got max 3 voter for what I had posted. Is it because my articles unattractive? 
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Manikamaniho
Senior |
17-Feb-2008 17:54
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Fx is my future platform... |
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Manikamaniho
Senior |
17-Feb-2008 17:52
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I read your post below... |
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tabbykat
Member |
17-Feb-2008 17:44
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August, IGMarkets provide very good charting facilities, better than Interbank FX trader 4. |
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tabbykat
Member |
17-Feb-2008 17:41
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Mani, It certainly proves that you did not read "Bird Watching" You also contradict yourself by wanting to sign up for Grace Cheng's FX course. Cheers |
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Manikamaniho
Senior |
17-Feb-2008 17:09
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Ah!... I happen to be interested in this, too... |
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august
Senior |
17-Feb-2008 17:02
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Hi, I am currently using SaxoWebTrader as my trading platform , as I do not need to be stuck with a specific notebook for trading. The question I have is, the above does not provide good charting facilities. Does anybody has any recommendation on a good web site for trading FX with good charts ? I do not want to download the software in my notebook,.and wished to trade using web page. What are your suggestions ? Thanks, |
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baseerahmed
Master |
17-Feb-2008 14:51
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British Pound Rally Comes to an End After moving higher for five days straight, the British pound?s rally has finally come to an end. There was no UK economic data released today which means that the move was driven almost entirely by dollar weakness. We continue to expect the British pound to remain firm next week with the minutes from the latest Bank of England monetary policy meeting due for release along with retail sales. The Quarterly Inflation Report released earlier this week was hawkish so we suspect that the vote to cut rates at the last meeting was a close one. As for consumer spending, the tight labor market and rise in BRC retail sales suggests that consumer spending will rebound after falling 0.4 percent last month. http://www.dailyfx.com/story/bio1/What_Could_Drive_the_Dollar_1203114100824.html |
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techsys
Master |
16-Feb-2008 19:26
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Hi Letonz Thanks for your correction. It should be this one 22:00. 10 in the evening. USD/JPY is good during Asian market. 07:00 until 17:00. USD/CHF is good from 14:00 until 22:00. EUR/USD is good during Europe Market 15:00 until 00:00. GBP/USD is relatively same to EUR/USD I wish you understand that this time range is the time for Intraday Trader - without Fundamental news. If there is a news, this technique should not be used. Most people uses the same technique for all time period. I don't mention that my success rate is 100%, this is only market observation that will help you to follow and learn market trend. By the time, after you trade FX market for a period of time, everyone will find their own way in FX Market. |
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