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  • #13,041
  • Aug 25, 2009 1:58pm Aug 25, 2009 1:58pm
Thanks RedCabbage, there's something wrong with my firefox, it didnt complete the download. Used safari instead, worked like a charm

This will be my homework for every weekend
  • #13,042
  • Aug 26, 2009 1:33am Aug 26, 2009 1:33am
Quoting booker66
hello, well done on your demo account .. just a question ... what were you staking per pip as personally with a $1000 dollar account ..with real money i would only be staking $1 a pip risk based on a 2 to 3% risk on my total account per trade .. i only ask as a 300% gain on your account in 25 days is phenominal based on the above risk %..
If you are risking a lot higher% per trade i would consider lowering it on your final demo to no higher than 5% per trade , because when your risking your own hard earned cash ... its a totally different ball...
Hi booker66...

Thanks for your kind words of caution. To tell you the truth, my risk has been limted to between USD 50 to 150 which I know is not at all reasonable for the kind of account size I am trading with. However, I just tried and followed NBT methodology only to find that profits come to me before losses and I fully understand it may not remain the same all the time and this is why I try to stop trading for the day once I am more than USD 150 loss for the day as this amount I can recover in my next trade if am more focussed. I am still learning the process but forced to utilize the minimal financial resources I have. I keep the forum posted how it goes for me in my third demo.

Thanks once again,
Yusuf SHAIKH
Its Time to Change the Ratio Skype: NoWorriesTraders
  • #13,043
  • Aug 26, 2009 2:12am Aug 26, 2009 2:12am
Quoting Lique
Thanks RedCabbage, there's something wrong with my firefox, it didnt complete the download. Used safari instead, worked like a charm

This will be my homework for every weekend
The pdf is a bit out of date now so do also look at the articles on www.nobrainertrades.com too.
  • #13,044
  • Aug 26, 2009 10:25am Aug 26, 2009 10:25am
I must inform you, that your site (nobrainertrades dot com) is have trojan in it, it try to infect my browser.

This is what i got from my internet security suite:
26/8/2009 10:13:17 PM
Detected:
Trojan-Downloader.JS.Iframe.boiFirefox
http://wau.tynt.com/javascripts/Tynt...dx4x//TyntLite

You must be aware of this, because many internet security suite will detect and blacklist your site if you don't take action now!

if your site got blacklisted your traffic will decrease, and i will cant access it no more.

so please do something about it.

Many Thanks.
  • #13,045
  • Aug 26, 2009 12:57pm Aug 26, 2009 12:57pm
We could have a nice Over and Under Pattern preparing on USDCAD. I will look for a short between 1.1050 (which is a 38.2 Fibonacci level since july's high point), and 1.1074.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadquasi.jpg Size: 90 KB
  • #13,046
  • Aug 26, 2009 2:35pm Aug 26, 2009 2:35pm
hoping for pullback to 1.0650 area for some support and push higher...

Attached Image (click to enlarge)
Click to Enlarge Name: Noname.gif Size: 29 KB
  • #13,047
  • Aug 26, 2009 4:55pm Aug 26, 2009 4:55pm
Quoting Khalys
We could have a nice Over and Under Pattern preparing on USDCAD. I will look for a short between 1.1050 (which is a 38.2 Fibonacci level since july's high point), and 1.1074.
Don't ignore the 1.1030 levels though. These are fractal lows from the weekly chart and will probably have some respect. And of course the 1.1000 level itself is in confluence with the bucket. It is already showing a reaction.

SR
  • #13,048
  • Aug 26, 2009 6:12pm Aug 26, 2009 6:12pm
Quoting booker66
hoping for pullback to 1.0650 area for some support and push higher...

Attachment
I'm watching this too Booker...also looking to see equities retrace some tomorrow after the last week's run, should work well for this support and USD strength.
  • #13,049
  • Aug 26, 2009 6:38pm Aug 26, 2009 6:38pm
A picture is worth a thousand words...
Attached Image (click to enlarge)
Click to Enlarge Name: eu 14170 trade.gif Size: 38 KB
  • #13,050
  • Aug 27, 2009 2:41am Aug 27, 2009 2:41am
Hi guys.

Do you know why gbpjpy is falling..recent news for UKs have been quite promising and rather bad for Japan.

Just trying to find logic behind market moves.
  • #13,051
  • Aug 27, 2009 2:55am Aug 27, 2009 2:55am
In my opinion the bank want to push the price down to the 150.773 resistance level, and thenm after news they will go long.

This is how i think, but i may be wrong.

Happy trading!
  • #13,052
  • Aug 27, 2009 3:26am Aug 27, 2009 3:26am
Quoting hardsmoker
Hi guys.

Do you know why gbpjpy is falling..recent news for UKs have been quite promising and rather bad for Japan.

Just trying to find logic behind market moves.
JPY strength:-

http://www.bloomberg.com/apps/news?p...d=aK0gKY4xu1xo

GBP weakness:-

Because house price increase suggests the BoE was wrong to expand QE program. (The link to this story has gone now.)
  • #13,053
  • Aug 27, 2009 7:19am Aug 27, 2009 7:19am
I trade daily fx charts
its free and well works for me

ok put it this way ...Im gmt...
so I get up 1 am in the morning have to check thier their charts but i am am making money :
  • #13,054
  • Aug 27, 2009 7:21am Aug 27, 2009 7:21am
so how much do u depend on fundies?

not crit etc...just asking

cos for me fundies mean nothing cos already in rice by time I see it..

are fundies helpful?
  • #13,055
  • Aug 27, 2009 7:26am Aug 27, 2009 7:26am
hardsmoker...why do u care
its falling


trend is down
end of

whats the support
whats the resistance
thats all u need to know to make money

according to me
  • #13,056
  • Aug 27, 2009 9:41am Aug 27, 2009 9:41am
Quoting begbrook
hardsmoker...why do u care
its falling


trend is down
end of

whats the support
whats the resistance
thats all u need to know to make money

according to me
I am trying to set my target levels according to fundamentals..

thanks everybody for responding!
  • #13,057
  • Aug 27, 2009 2:53pm Aug 27, 2009 2:53pm
on what pairs do u trade?

thise chart look ok for ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h1.gif Size: 18 KB
  • #13,058
  • Aug 27, 2009 2:57pm Aug 27, 2009 2:57pm
?
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd h1.gif Size: 19 KB
  • #13,059
  • Aug 27, 2009 2:58pm Aug 27, 2009 2:58pm
thise thread ded
  • #13,060
  • Aug 27, 2009 4:09pm Aug 27, 2009 4:09pm
Quoting sam0182
I'm watching this too Booker...also looking to see equities retrace some tomorrow after the last week's run, should work well for this support and USD strength.
hi sam , looks like there was a few pips to be had from 1.0660 up to 1.07 but i was at work .. tried a scalp when it returned down but stopped out for 15 pips.. just had another look .. whats happened to the dollar , taken a nosedive ?
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