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Trading in India

  • #121
  • Aug 21, 2008 9:21am Aug 21, 2008 9:21am
Quoting kannangk
Hi,

Can anyone tell if currency trading is legal in India? An article today says in one of our national newspaper states that from Aug 29th, 2008, they permit 'Currency Futures' (Refer: http://www.hindu.com/2008/08/21/stories/2008082160782000.htm )

Can we trade Forex?

Thanks
we are all fools who are legally trading since 3+ years and paying taxes.
  • #122
  • Aug 21, 2008 9:37am Aug 21, 2008 9:37am
Quoting forexlion
I am testing a new indicator based on a concept on GJ 5 min charts.

Its pretty simple, red line is where the SL should be and green line is where the TP should be.

It will work correctly only on a 5 min chart.
ill give it a try mate Since wen u testing this?
  • #123
  • Aug 21, 2008 11:14am Aug 21, 2008 11:14am
Quoting bksujal
ill give it a try mate Since wen u testing this?
since 9:30 PM thursday time, when i wrote it
  • #124
  • Aug 21, 2008 11:37am Aug 21, 2008 11:37am
hey fxlion have u only made this for GJ or for EU also?
  • #125
  • Aug 21, 2008 10:46pm Aug 21, 2008 10:46pm
Guys,

i know indians are great in programming.....i hope u people could write some program or creat some indicators or EA (expert advisor - auto trade)....

thanks....mohan
  • #126
  • Aug 21, 2008 11:23pm Aug 21, 2008 11:23pm
Quoting mohan
Guys,

i know indians are great in programming.....i hope u people could write some program or creat some indicators or EA (expert advisor - auto trade)....

thanks....mohan
Ahh which country has bad programmers ......tell me one cool software written by an Indian, you may say SAP but its more business oriented...

total number of LUGs (Linux user groups) in Boston alone are greater than in whole India....

I am not saying that we Indians are not good but we are still a long way from greatness..

Abhishek.
  • #127
  • Aug 21, 2008 11:25pm Aug 21, 2008 11:25pm
Indians are good Accountants
Trade what you see, not what you think.
  • #128
  • Aug 22, 2008 1:06am Aug 22, 2008 1:06am
Abhishek, did you know who the father of Pentium is? And don't say Processors are hardware, the heart of a processor is hardcore coding.

Perhaps you will accept indians as good at coding when we can write some great "coool" application like Donkey Kong?

Quoting 13may08
Ahh which country has bad programmers ......tell me one cool software written by an Indian, you may say SAP but its more business oriented...

total number of LUGs (Linux user groups) in Boston alone are greater than in whole India....

I am not saying that we Indians are not good but we are still a long way from greatness..

Abhishek.
  • #129
  • Aug 22, 2008 2:09am Aug 22, 2008 2:09am
Quoting mohan
Guys,

i know indians are great in programming.....i hope u people could write some program or creat some indicators or EA (expert advisor - auto trade)....

thanks....mohan
everything fails whem it comes to the BIG BOSS of weekly chart trends.

we try catching every pip on a 5 min chart, whereas practically we earn more consistently only on week;ly charts.

when GJ said 192.52 on weekly, it means business.

i am just adding more sell positions on every top on 4 hour.
  • #130
  • Aug 22, 2008 3:04am Aug 22, 2008 3:04am
Quoting shiva
Abhishek, did you know who the father of Pentium is? And don't say Processors are hardware, the heart of a processor is hardcore coding.

Perhaps you will accept indians as good at coding when we can write some great "coool" application like Donkey Kong?
Cool Cool...I know what Indians are capable of.......excuse me if my words were too confrontational...

I am working in the IT industry (maybe many of us are) and I just expressed what I feel the status of the overall crowd is......so lets stop it here and continue our journey......

Abhishek.
  • #131
  • Aug 22, 2008 3:14am Aug 22, 2008 3:14am
Quoting karmostaji
Indians are good Accountants
Sure and good Entrepreneurs too...
  • #132
  • Aug 22, 2008 3:53am Aug 22, 2008 3:53am
yeah tht true in terms of entreprenuers thats y ther r 4 indians in the top 10 of forbes richest!!!
  • #133
  • Aug 22, 2008 6:03am Aug 22, 2008 6:03am
Eur/Usd


i believe it probably to lower level to 1.4650 level.. lets wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.gif Size: 23 KB
  • #134
  • Aug 22, 2008 8:06am Aug 22, 2008 8:06am
Great charts and great job guys.

special thanks to simpleforex and blue bottle
.
Here is something i really liked, along with the indicators, this has saved my life more than once in the past.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 9 KB
Attached File(s)
File Type: mq4 anchorfx_month.mq4   5 KB | 425 downloads
File Type: mq4 FX_Sniper's_Ergodic_CCI_Trigger.mq4   4 KB | 442 downloads
  • #135
  • Edited 9:57am Aug 22, 2008 9:52am | Edited 9:57am
[...

I am working in the IT industry (maybe many of us are) and I just expressed what I feel the status of the overall crowd is......so lets stop it here and continue our journey......

]

That's what it is. If Indian programmers were bad - how come they work in IT industry all over the US?

I am Lithuanian (exprogrammer) so I have no bias here. You, guys, are good!

Addition: btw, that's why being not Indian I follow the forexlion's thread. His is Indian and whatever he says makes so much sense always.
  • #136
  • Aug 22, 2008 3:44pm Aug 22, 2008 3:44pm
Quoting forexlion
Great charts and great job guys.

special thanks to simpleforex and blue bottle
.
Here is something i really liked, along with the indicators, this has saved my life more than once in the past.


Looks impressive, i gonna give it a try..

Thank you forexlion..
  • #137
  • Aug 23, 2008 9:51pm Aug 23, 2008 9:51pm
hi all Indians,

EurChf chart in daily and hourly time frame..

I expecting it to go 1.58 range.. purely with technical analysis..

Pls correct me if anything not right..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurchf_d.gif Size: 18 KB
Click to Enlarge Name: eurchf_h1.gif Size: 19 KB
  • #138
  • Aug 24, 2008 12:58am Aug 24, 2008 12:58am
hi all,

30mins chart for cable..

If 1.8500 is the bottom of wave 5, then i believe it will m0ve in bullish to 1.86..

..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 23 KB
  • #139
  • Aug 24, 2008 6:33pm Aug 24, 2008 6:33pm
This indicator I wrote last night to test an idea, though hilarious has come out rather better than expectations.

My objective was to catch the momentum of the wave, that is to enter lONGS and SHORT when they actually begin their journey, rather than wait for a particular setup on indicators.

The BullShit is calculated in the following manner:

When both Bull and Shit are > 0 and Bull > Shit then BullShit is LONG

When both Bull and Shit are < 0 and Bull > Shit then BullShit is SHORT

Try it on a demo account first, and see how useful it really is and do both the Bull and Shit do the correct Salsa dance to create the perfect BullShit ??

Inputs on test results will be highly appreciated.

Maybe, if this works out then I could make a BullShit EA
Attached File(s)
File Type: zip anchorfx_BS.zip   2 KB | 458 downloads
  • #140
  • Aug 24, 2008 6:35pm Aug 24, 2008 6:35pm
Quoting Blue bottle
hi all,

30mins chart for cable..

If 1.8500 is the bottom of wave 5, then i believe it will m0ve in bullish to 1.86..

..

setup failed, pls ignore this chart..
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