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Forex Junction

Baseer,

If you like Yen, please take a look at GBP/JPY. This pair has the potential to rocket.

However, you need a stop loss of more than 100pips.

Cheers

 

Hi,

I had been doing demo on FXCM platform and actually liked it.. and wanted to start putting money and opening a live account. Then I went to look at the other webpage on Broker-Scam ..and FXCM was one of them. 

Can anybody tell me if they deal with FXCM and how do you find it ? Alternatively, which Singapore broker would you suggest for a newbie ?

Thanks !

 

this is one tools where you can draw freehand line on yr real time chart.hope it of use to all of u http://www.hopkinsprogramming.net/software/vbdoodle/

 

Baseer... :)

USD/JPY is great pair to get intimate with...

It's short-term movements are so unpredictable that it may be more suitable for advanced
or stable (emotionally unperturbed) traders... I love it...


Definitely not suitable for hot-headed 'Kamikaze' or 'Bionic Boy' types... hehehe...  

 

Thank you very much sifus for ur valuable inputs :

techsys : I play USDJPY and EURUSD .. because these two pairs have smallest spread and the price pattern has cycle.

ipunter : ... the USD/JPY pair because of it's 'traditional' volatilty

--------------------------

having said that , just thought to add :  " it takes a whole village to educate a child " and as elfinchilde had mentioned ...there are many ways to skin the cat ... : )

once again , my gratitude to all sifus and friends ... thank you very much for all your valuable lessons : ) !

 

Thank you Cashiertan .

What a coincedence ... today happened to be the day i did my maiden attempt at paper trade on usdjpy !

hope can see the the journal and the chart :



if not try this : http://i297.photobucket.com/albums/mm219/baseerahmed/yen01.jpg

 

 

There are many donkeys "heha " around theses forums when they can even trade forex. Commenting like pro when they are not even qualified. 

 

iPunter Supreme	Posted: 17-May-2008 10:18       Contact iPunter          *  Quote this Post!
x 0 x 0 * Alert Admin	Techsys... :) Your methods are very good. But different people will have different goals in mind when they play... Like for instance those who aspire to be millionaires like their friends will have their own different style of playing...

 

 

I dun think this donkey know what method u are using siah techsys and he is commenting. agree just for the sake of agreeing just for the sake of agreeing. hate balls carriers like these. lots of them in offices nowadays. but ball carrying and bull shit can only get u so far

 

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baseerahmed Veteran	Posted: 16-May-2008 21:04       Contact baseerahmed          *  Quote this Post!
x 0 x 0 * Alert Admin	to all respected sifus, i note that most of u are 'extolling the beauty' of usdjpy... any particular reason why u feel comfortable with usdjpy .... care to fill in what we beginners are missing here .... thank you very much for sharing . : )

Hi Basheer,

 

if u remember my postings, i only trade a few pips namely eurusd, gbpusd and usdchf as i have more feeling and understanding of them. ur feeling for usdjpy is something like what i mentioned before. god that you have evolved to a new stage of forex trading. keep it up

 

let the poor donkeys contd to "he ha"  while we progress further.

 

100 pips for 3 trades is 30+ pips s/l for each trade. rencently is volatile. playing hit and run with 20-30 pips gain. manage to break even for this month. looking to profits soon. btw, positional traders does have 100+ pips s/l for some of them if they have deep pockets.


 

techsys Master

Posted: 16-May-2008 12:55       Contact techsys          *  Quote this Post!

x 1 x 0 * Alert Admin

What pairs did you trade with Mr. Cashier Tan?  How many pips profit were you targeting with 100 pips Stop loss? I'm just wondering :) In longer period chart it is showing that market is moving sideway.  Don't put your TP too high.  It's better to carry your trade, when close half or your position for anticipation. open two position which each has half of your power.  One of them has target half of your usuall exit point.  Once first exit point  is reached, shift your second stop loss to your entry point.

 

 

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iPunter Supreme	Posted: 22-May-2008 06:50       Contact iPunter          *  Quote this Post!
x 0 x 0 * Alert Admin	When I attended a workshop that costs a few thousand dollars for a couple of coaching sessions, I also see people who are already into forex trading but who are still searching after a better system or strategy that gives better results. In this regard, this forex product which I found may appeal to other searchers ... FOREX PRODUCT  Good knowledge for US$97 (click to see)

 

 

 

Yawnz.. getting bored of this idiot ... just a donkey in this forum stubborn clown. and good in making noise and entertaining ppl here.

 

crap ppl always read crap. u reap what u sow

 

 

When I attended a workshop that costs a few thousand dollars for a couple of coaching sessions, I also see people who are already into forex trading but who are still searching after a better system or strategy that gives better results.

In this regard, this forex product which I found may appeal to other searchers ...

FOREX PRODUCT  Good knowledge for US$97 (click to see)

 

Techsys... :)

Your methods are very good.


But different people will have different goals in mind when they play...
Like for instance those who aspire to be millionaires like their friends will have their own
different style of playing...

 

Baseer... :)

My olden buddies (who used to trade with binoculars in hand at Clifford Pier) say they love the USD/JPY pair because of it's 'traditional' volatilty...   

And I also know of many others who stick only to this pair in all their forex activities...

 

USDYEN may test 103.25 tonight. If this breaks, Nikkei selling will be heavy.

 

New in this area.

Have a question: When one bought a currency other than USD, the trading account would show deficit (-) USD, what do you do? Buy the US deficit? 

 

to all respected sifus,

i note that most of u are 'extolling the beauty' of usdjpy... any particular reason why u feel comfortable with usdjpy .... care to fill in what we beginners are missing here ....

thank you very much for sharing .

: )

 

Elfin... :)

hahaha... that's an early 'maiden' post of yours on fx and already it's kind of meaty...



I agree with you too on sticking to one or two currency pairs, my fav being USD/JPY.
This way, we can (hopefully) eventually get to know their behavioural idiosyncracies
more intimately... 

 

hey, peace out, you guys. can just agree to disagree. after all, time will prove who's right in the market. and lots of ways to make money, in the end.

talk is pointless. might as well focus on the market.

on forex:

yes, ipunter, i've taken a liking to the USD/JPY pair. :) i intend to specialise in just one or two pairs. rather  know something very well than a lot half well. because the odds are against individual traders; we have to remember that. long term, the failure rate is 95%.

techsys is right; ranging market. and yea, always lock in when target is reached.

 

Techsys, Sir... :)

Your wise advise will surely benefit many who read them...

Actually all who read them... hehehe...