I see you trading 3 lots of gbp/jpy, isnt that too many lots for the beast. Do you actually plan to have so many lots in the real account. Even in demo use the number of actual lots one would use in real to get the real feeling of live trading.

Malaysia

Good call on gbp/usd. Congrats

Malaysia

Maybe long usd/jpy at present level may be good and initial target would be 104.60/50 or longer 107

Malaysia

Hey, cool pal, I never said you dont agree, I am saying thats my target.

Malaysia

Cable meaning gbp/usd, between the 2 currency, USD is falling at a faster rate than GBP, one reason being the difference in interest rate, so that being said, I dont see how cable can deteriorate, so I still think the target 2.04 is quite valid

Malaysia

You can say if the USD is strengthening if you see there is a bottom formed on the USD index chart and right there are no signs of reversal, so too early to call for USD strength

Malaysia

I dont think you can take it as strengthening, it is just a minor correction before we see the USD decline further and eur/usd making an attempt higher.

Malaysia

Well gbp/usd reached sooner than I thought. Lets see what London has to say.

Malaysia

Cable has formed a base after 3 times trying to break below 1.96, so 1.9650 held and cable maneged to close above 1.9650 last week so there will be a try to cross 2.00 mark therefore the bias is up but I dont think it will break above 2.04 this ...

Malaysia

As I said my bias is up and I expect to see 2.00 breached.

Malaysia

The bias for gbp/usd is up for the day

Malaysia

GBPusd critical resistance is at 2.011.

Malaysia

On USD weakness there will be no intervention as the officials are not really concerned about because if they were then they will not be slashing interest rates as for the ECB if there is any intervention it will be probably around 1.73 and above.

Malaysia

As for eur/usd 1.60/1.6050 will be seen very shortly. Also watch out for eur/gbp a long term top si quite possible at 0.82/0.84, so maybe a good trade for long term, I mean short eur/gbp.

Malaysia

Once 1.9935/40 was breached, the topside is more favourable and I expect cable to trade 2.11/12 by the end of the year.

Malaysia

The Forex market is so huge, so by helping one another we get good karma and there is plenty for everyone to make so share what we have. Glad you are doing well. Along the way there will be hiccups but remember be patient and tight money management. ...

Malaysia

Cable heading towards 2.0040

Malaysia

Whether you are trading a standard or a mini account, as you are still new and just starting, stay away from gbp/jpy. To trade gbp/jpy you need a sizeable amount of liquidity and it can wipe out accounts in 30 seconds and many traders believe they ...

Malaysia

Sorry I dont chat. I seldom post but just wanted to share something that i feel is helpful. I am just in Singapore for 2 weeks and going back to UK.

Malaysia

I dont use the EA just his basic template thats all, I rather trade from the Ao and Ac, I dont use automated trading and as I want to be in control of my trade, his template is very good. Simple and very productive. I have used many strategies and I ...

Malaysia