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  • #169,061
  • Dec 6, 2009 7:26am Dec 6, 2009 7:26am
Quoting X.Oden
Chicky,

Hey there, well your son has a bright future in forex. Simply teach him patience and he will do well as a business in this profession.

Good luck to all your new ventures and don't stop trading. It will make you more money than your day job some day. Just remember to also treat it as a business.

Good luck my friend!
Thanks buddy, I sure will.
The Thief of Wall Street
  • #169,062
  • Dec 6, 2009 7:42am Dec 6, 2009 7:42am
guys any one have idea, is obama have speech on Dec 8 about economy?
  • #169,063
  • Dec 6, 2009 8:04am Dec 6, 2009 8:04am
Quoting Chicky
I am also leaving these forums for want of time.

After several months of struggle finally found a new line of business for myself that has some potential once this recession subsides. However, starting as an entry level employee to learn this new line of business before putting in my equity just after market stabilizes. ( It will be like a demo until then).

Was here to learn forex basics mainly for my son so that he could start his business career with little equity but in a high risk/high reward venture. I am sure in the beginning he will...
i wish u well my friend..forex is very tough and taking time out is very wise..i have found the more u learn the harder this can get

be lucky in yur venture and its been an absolutele pleasure interacting with u..i wish u well

http://i648.photobucket.com/albums/u.../trade2-18.gif

i think this puppy may still go up...becarefull guys
  • #169,064
  • Dec 6, 2009 8:37am Dec 6, 2009 8:37am
Quote
I am also leaving these forums for want of time.

After several months of struggle finally found a new line of business for myself that has some potential once this recession subsides. However, starting as an entry level employee to learn this new line of business before putting in my equity just after market stabilizes. ( It will be like a demo until then).

Was here to learn forex basics mainly for my son so that he could start his business career with little equity but in a high risk/high reward venture. I am sure in the beginning he will lose...

Great Post Chicky. I remember last month when you had a drawdown of 55%, you kept your cool and ended up having a profit of 4%.

This type of volatile earnings adds lot of stress and one can not even enjoy the earnings because of uncertainity of forex markets.

I am absolutely confused with these forex markets. 2 times in last 4 weeks, i had increased my account by over 20% but lost all the gains twice- one due to overleverage and second due to friday NFP news (a long position was open before the news)

The only good thing is i had not blown my account and thats considered a success in forex market.

Chicky, all the best for your future.
  • #169,065
  • Dec 6, 2009 8:44am Dec 6, 2009 8:44am
I dont see any strong volatility this year.

It is just normal..

September - December 2008 was very hard..
  • #169,066
  • Dec 6, 2009 8:49am Dec 6, 2009 8:49am
Quoting Chicky
ps. Kindly read my any subsequent posts as one posted by a 12-year old, because my son may try to fool around with my membership here.
And all this time I thought YOU were 12...


Seriously tho... best of everything to you and yours and especially your son in his future endeavours. Keeping First things first always pays a dividend...
FUBAR...
  • #169,067
  • Dec 6, 2009 8:55am Dec 6, 2009 8:55am
Quoting Chicky
I am also leaving these forums for want of time.

After several months of struggle finally found a new line of business for myself that has some potential once this recession subsides. However, starting as an entry level employee to learn this new line of business before putting in my equity just after market stabilizes. ( It will be like a demo until then).

Was here to learn forex basics mainly for my son so that he could start his business career with little equity but in a high risk/high reward venture. I am sure in the beginning he will...
You are so lucky that your only 12 years child eventually taking control of the most risky business of trading & you find something more lucrative one. wish you best of luck. Still you will be related to forex I hope & will find you here every now & then. pardon me if any wrong anytime .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #169,068
  • Dec 6, 2009 9:01am Dec 6, 2009 9:01am
Quoting nAVIN2007
i wish u well my friend..forex is very tough and taking time out is very wise..i have found the more u learn the harder this can get

be lucky in yur venture and its been an absolutele pleasure interacting with u..i wish u well

http://i648.photobucket.com/albums/u.../trade2-18.gif

i think this puppy may still go up...becarefull guys

Could you please send you your point of view regarding EU.
thanks.
  • #169,069
  • Dec 6, 2009 9:20am Dec 6, 2009 9:20am
Hi nAVIN2007,

I noticed that nice looking indicator in the upper right hand corner of your chart. Will you be so kind as to tell me where I to can get that indicator. I am a newbie, but I am looking for heatmap type of indicators.

Thanks for your time.

Sincerely,
Pair-me-up
Luck has no place in trading. Leave that for the poker table.
  • #169,070
  • Dec 6, 2009 9:33am Dec 6, 2009 9:33am
Quoting Pair-me-up
Hi nAVIN2007,

I noticed that nice looking indicator in the upper right hand corner of your chart. Will you be so kind as to tell me where I to can get that indicator. I am a newbie, but I am looking for heatmap type of indicators.

Thanks for your time.

Sincerely,
Pair-me-up
sure thing buddy, i include the one for round numbers sa well..quite usefull
place both in the indicators in the experts/indicator folder
Attached File(s)
File Type: ex4 RoundNumbers.ex4   3 KB | 363 downloads
File Type: ex4 #Signal_Bars_v8D.ex4   39 KB | 333 downloads
  • #169,071
  • Dec 6, 2009 9:36am Dec 6, 2009 9:36am
Quoting Baby-Trader
Could you please send you your point of view regarding EU.
thanks.

well u see the purple lines, price is in that channel...if u were to short euro it be wise after the break of that channel otherwise still up i think...just my view it very difficult to know for sure

be lucky
  • #169,072
  • Dec 6, 2009 10:22am Dec 6, 2009 10:22am
The theme of the day Friday was about the Feds raising rates earlier, but there are 2 currencies involved in this instrment. People are forgetting that the ECB will also be raising rates and most likely sooner than the Fed.

'Yesterday’s announcements “put the ECB in a position where it can choose to raise rates if it wants to further down the line,” said David Page, an economist at Investec Securities in London. “We’re penciling in a rate rise in the second half of next year.'
http://bloomberg.com/apps/news?pid=2...d=a6BfRHhIWU5E

ECB Funds rates

05-07-20091.000 %04-02-20091.250 %03-05-20091.500 %01-15-20092.000 %
  • #169,073
  • Edited 10:51am Dec 6, 2009 10:37am | Edited 10:51am
Quoting 2+2=4ex
Everyone wants to be first in line on the down trend in order to maximize profit. But I have to ask, why would you think it is now in down trend??? The daily lower trend line channel has not been breached!!

where do you have your daily trend line drawn?





http://www.fxtimes.com/video/daily-v...te-12-04-2009/
2:40 he talks about EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 151 KB
  • #169,074
  • Dec 6, 2009 10:40am Dec 6, 2009 10:40am
This is what I have....and it looks like price will go up to retest the trendline....and possibly drop again below the last low...then we'll know its a true reversal


Quoting Evilgoat
where do you have your daily trend line drawn?
In Charts We Trust!
  • #169,075
  • Dec 6, 2009 11:10am Dec 6, 2009 11:10am
Here is a funny clip about FED NFP reports http://www.youtube.com/watch?v=Ulu3SCAmeBA

Though you guys may enjoy this one
  • #169,076
  • Dec 6, 2009 11:34am Dec 6, 2009 11:34am
before market break this live i can't say its reversing or anything related to anything similar to reversing the uptrend started before months. London and Europe open will cover that drop , they wont let the dollar to get strong so fast , or their investors will be taken cared off ...
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 99 KB
  • #169,077
  • Dec 6, 2009 12:36pm Dec 6, 2009 12:36pm
2 more US banks failed. Maybe that will give the downward pressure a little pause. So far euro moving slowly up
  • #169,078
  • Dec 6, 2009 12:41pm Dec 6, 2009 12:41pm
With the momentum with which the Eur hit the present support on the daily chart, we mgt see a break of that support soon this week and when that happens its "KABOOM".
  • #169,079
  • Edited 1:46pm Dec 6, 2009 12:47pm | Edited 1:46pm
Looks like the uptrend will resume now. If we close below the red line (4821), we could see a trend reversal and head further south. We'll see how this plays out though.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_SNAP_12-06-2009.jpg Size: 276 KB
  • #169,080
  • Dec 6, 2009 12:47pm Dec 6, 2009 12:47pm
Quoting 2+2=4ex
Everyone wants to be first in line on the down trend in order to maximize profit. But I have to ask, why would you think it is now in down trend??? The daily lower trend line channel has not been breached!!
Typical noob instinct. And as soon as trend does start to go down, they are going to scream shortly after that its bullish again, when it will clearly be that its going down. So they'll end up buying and gets stopped.

I used to be like that. Patience.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
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