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| PaisaFX Intra-day Trades Leverage: 1:400 Month: 20 days of trading Forex is High Risk High Return investment; a person should always hedge it with a Low Risk Low Return investment. Estimated provided below for different plans are subjected to market risk, and hence are not guaranteed. These estimates should give you an idea of how the figures will look like on a good month. There is a possibility that one might loose his/her initial investment, but as a safety all trading will cease after half of the account is wiped-out. Also bear in mind any profits gained are taxable under the All trades are commission free, but a spread is charged on an open position which varies from currency to currency. Usually the spread (BID/ASK) is about $3-$10. Forex is a highly volatile market, and hence to gain and loose is equally possible. Open 0.1 lot / day Hence Margin required: $25 (1:400) Daily target: 1-10 pip’s /daily Minimum: month (2%) Maximum: month (20%) Average: month (10%) I will start posting my trades in 2 weeks, I will post my reason for entry and exit. One article all should read, http://www.forbes.com/business/feeds...fx2701304.html I dont think the eur/usd will rise much (by that i mean above 1.27 - 1.30), Although my previous posts have suggested that (of inverese head n shoulders) but fundamentally its unlikely. Although I am not really concered where it goes I m not figtin the market ... rather playin it .... n for as low as 10 - 30 pip moves which are usually random in the forex markets. two holy-grail for trading. 1) timing 2) money management. TIME IT >>>> OPPORTUNITY COST DON'T SPEND ALL UR TIME STARING AT THE SCREEN http://www.moneytec.com/forums/attac...1&d=1146163004 Last edited by ecology10; 12-03-06 at 09:14 PM. |
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| Re: G-unit pimpin on forex EUR/USD Charts - 3 time frames, D > Daily for Over-all TREND 4H > 4 Hour Mid-term View 1H > 1 Hour Position taking Frame Daily, Nice upward-trend 1st Channel (RED) Started Oct 2005 (4 times lower line tested, 2 times upper line tested; 3rd time it broke the upper channel). 2nd Channel (BLUE) Started Feb 2006 (4 times lower line tested, 4 times upper line tested; 5th time it broke the upper channel). Fibonacci Support n Resistance 100% @1.3438 {Mar 05} 61.8% @1.2750 50.0% @1.2540 38.2% @1.2325 0% @1.1640 {Nov 05} 4-Hour, *1st, 2nd (in Daily Chart) Nice upward trend 3rd Channel (GREEN) Started APR 2006 (4 times lower line tested, 4 time higher line tested) YET TO BREAK OUT. **NFP Friday May 05 2006** Wondering IF Fibonacci Support n Resistance should be drawn for smaller - timeframes?? 1 Hour, Position taken, EUR/USD (SHORT) @1.2692 s/l: 1.2736 {-46pips} target 1 --> 1.2610 {+82pips} R/R: 1.78 |
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| Re: G-unit pimpin on forex Quote:
Ideally I would have taken a short position around 1.2715 with -21 stoploss. But owell ... whts gone is gone ... Tomorrows expected NFP of 200k holds or is even lower, should push the EUR/USD Lower to test 1.2600 (lower 3rd Channel) |
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| Re: G-unit pimpin on forex Quote:
Lesson learned: trend is your friend |
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| Re: G-unit pimpin on forex Hi I have been away for a while ... revising my stratergies. Below i have posted eur/usd 2hr chart ... TRADING BAND: 1.2925 - 1.2690 (Fib retracements) RED LINE Pick ur bottom n top to trade till a breakout ... Look at the black trend line connecting top and later bottom ... There is a word for this trendline .. i forgot ... LONG @ 1.2749 s/l 1.2600 t1 1.2900 t2 1.3100 CHART http://www.moneytec.com/forums/attac...g?d=1148491774 ecology10 |
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| Re: G-unit pimpin on forex Quote:
G-unit is a good attention grabber title keyword. atleast thats wht i think. goodluck everyone with their financial success. PS: Try to limit to few trades a week to reduce stress ... |
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| Re: G-unit pimpin on forex http://www.moneytec.com/forums/attac...1&d=1148617207 The market suprisingly has rallied on the two trendline i posted here yesterday. I hope the chart was usefull ... CHEERS |
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| Re: G-unit pimpin on forex LONG GBP/JPY @ 212.78 Chart http://currency.1500mb.com/imgmy/cha...4h0628copy.jpg Visit Currency Analysis |
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| Re: G-unit pimpin on forex Open position GBP/JPY @211.72 T1: 212.70 Charts: trendlines, Fib. Retracements AND MA, MACD, RSI ... Full Analysis on SKGFS |
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| Re: G-unit pimpin on forex I am constantly updating my site, it is long ways to go. But for now basic GBP/JPY TA can be found on the website with few gen. info regarding the currency and upcoming data. SKGFS |
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