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  1. #1
    Registered User jwlee7ucla's Avatar
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    Official Forex Trading Chat Thread

    Original thread:

    http://forum.bodybuilding.com/showth...hp?t=140844781

    If you want to learn how to trade forex:

    http://www.babypips.com

    This thread will be solely for the purpose of doing any forex related conversations, although I don't mind if you shoot the sh*t in here.

    If you have not introduced yourself please do.

    If you want to discuss charts/strategies/etc, please post a picture, and your analysis before other people will give you their critique.

    If you want to ask about bank account informations, social security numbers, and anything else, please GTFO, as this thread is not for you.
    Living a happy life

  2. #2
    Registered User camdls1's Avatar
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    show me how much money you have made brah

  3. #3
    Registered User jwlee7ucla's Avatar
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    Originally Posted by camdls1 View Post
    show me how much money you have made brah
    See sig. Negs
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  4. #4
    ̪● Mind as Weapon ̪● lUnknown's Avatar
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    lost everything in my life that i ever (every last drop of $) owned to forex, never again
    Last edited by lUnknown; 08-28-2012 at 11:36 PM.
    /troll
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  5. #5
    Registered User poonjoon's Avatar
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    in on new thread.

    i started on babypips and a bunch of books in high school. i got a whole library, i just picked up High Probability Trading. it's a pretty basic book but i like reading as much as i can. also picked up Peter Schiff's new book.


    http://www.forexfactory.com is a nice site for news also.

    http://www.ino.com is also a nice site for some quick quotes.

  6. #6
    Registered User jwlee7ucla's Avatar
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    Originally Posted by poonjoon View Post
    in on new thread.

    i started on babypips and a bunch of books in high school. i got a whole library, i just picked up High Probability Trading. it's a pretty basic book but i like reading as much as i can. also picked up Peter Schiff's new book.


    http://www.forexfactory.com is a nice site for news also.

    http://www.ino.com is also a nice site for some quick quotes.
    I use the main page(forexfactory) for news prints, but their forum as a whole is pretty junky. Lots of misinformation everywhere, although there are a few good threads.
    Living a happy life

  7. #7
    Registered User poonjoon's Avatar
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    Originally Posted by jwlee7ucla View Post
    I use the main page(forexfactory) for news prints, but their forum as a whole is pretty junky. Lots of misinformation everywhere, although there are a few good threads.
    yeah, i've browsed through the forum a few times. i posted my trades in the currency threads (e.g. GBP thread, EUR thread) when i first started trading, but it's not very helpful - more detrimental imo.

    so how'd you start trading and how long?


    i got interested in high school, been on and off studying. first started trading for real a few years ago. took a long break, just recently got back into it. haven't opened up my charts at all yet, but hopefully this thread will help with my motivation.

    i used to have a blog to help with my log when i stopped printing out all of my trades. i've been looking around for any pics i have left, but they're all on my work computer.


    this is all i could find:

    one is a metatrader set up that someone helped me with. i don't trade on metatrader, but i use this setup to help find some trades.



    the other is just my 1hr chart of the aud/usd. i can't find a pic of my setup on fx accucharts but i usually have daily, 4hr, 1hr, 15m or 5m

    Attached Images
    Last edited by poonjoon; 08-28-2012 at 07:55 PM.

  8. #8
    Registered User Dazza3600's Avatar
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    technical analysis is just random luck, you're better off with index funds in the long run

  9. #9
    Registered User poonjoon's Avatar
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    Originally Posted by Dazza3600 View Post
    technical analysis is just random luck, you're better off with index funds in the long run
    pls go

  10. #10
    Puffy Nipples of Peace james21561's Avatar
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    in for later so i can purchase a lambo in cash
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  11. #11
    Highlanders and AB's JasperBedford's Avatar
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    Originally Posted by Dazza3600 View Post
    technical analysis is just random luck, you're better off with index funds in the long run
    Originally Posted by poonjoon View Post
    pls go
    For most people this is going to be true. Not everyone has the dedication, patience or even intelligence to be successful over the long run in a high risk market. Add to that everyone has their own risk profile and goals so naturally different types of investments work for different people. So you shouldn't belittle someone for their opinion on an investment strategy that does works, and index funds do work. Sure, this is a forex thread but it still needs to be put in context.
    I don't rep back.

  12. #12
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    Ceo checking in

  13. #13
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    Originally Posted by Dazza3600 View Post
    technical analysis is just random luck, you're better off with index funds in the long run
    rofl
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  14. #14
    Registered User poonjoon's Avatar
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    Originally Posted by JasperBedford View Post
    For most people this is going to be true. Not everyone has the dedication, patience or even intelligence to be successful over the long run in a high risk market. Add to that everyone has their own risk profile and goals so naturally different types of investments work for different people. So you shouldn't belittle someone for their opinion on an investment strategy that does works, and index funds do work. Sure, this is a forex thread but it still needs to be put in context.

    technical analysis is a part of all trading, not just forex. he's obviously here to troll.

    i never said anything about index funds, i was referring to his comment that technical analysis is just random luck.

  15. #15
    Banned muali's Avatar
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    Originally Posted by jwlee7ucla View Post
    I use the main page(forexfactory) for news prints, but their forum as a whole is pretty junky. Lots of misinformation everywhere, although there are a few good threads.
    I wouldnt use forexfactory at all, if you have direct feed, use that. If you don't, you will be better off using dailyfx for their economic calendar.

    For the person that said technical analysis is junk, you have to know that technical indicators in general are heavily lagging when it comes to the Forex market so knowing which ones to use and consistently changing them as the market changes is required.

    good luck

  16. #16
    Registered User jwlee7ucla's Avatar
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    Originally Posted by JasperBedford View Post
    For most people this is going to be true. Not everyone has the dedication, patience or even intelligence to be successful over the long run in a high risk market. Add to that everyone has their own risk profile and goals so naturally different types of investments work for different people. So you shouldn't belittle someone for their opinion on an investment strategy that does works, and index funds do work. Sure, this is a forex thread but it still needs to be put in context.
    If you want to put things into context, his "just dump into index funds" runs on the same line as "LOL, just buy gold".

    All types of investment vs gambling in the market has much more research and analysis involved than just a dump and hold method.

    Originally Posted by muali View Post
    I wouldnt use forexfactory at all, if you have direct feed, use that. If you don't, you will be better off using dailyfx for their economic calendar.

    For the person that said technical analysis is junk, you have to know that technical indicators in general are heavily lagging when it comes to the Forex market so knowing which ones to use and consistently changing them as the market changes is required.

    good luck
    actually, I had a live feed. dailyfx calender feed sucks, and their 'live news' section is slow too. ForexFactory is slightly faster/similar speed to the DailyFX calender, and you can adjust the time to match your timezone.

    Either way, both are pretty meh. I am in the market for a new live feed, since the one I've been using has expired, and I've been feeling a little blind not knowing whats going on.


    Also, I'm not really sure how I started trading, cus I don't remember. All I remember was I spent 5 months researching, then a year trading. And I'm still going right now. The learning part was boring as hell, but the trading got me hooked.

    edit: I wanted to clarify what I meant by "sucky" for feeds. In order for feeds to be good, I need them to shoot out news ASAP, and I need them detailed. That's my only two requirements.
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  17. #17
    Banned 2813308004's Avatar
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    let us not feed trolls. ignoring stupid posts is the best route to keeping this thread full of substance. no need for page long bitchbattles



    anyways, in on new thread. i just started learning about a week ago with slight knowledge in stock trading. babypips has been immensely helpful, I recommend it to anybody who is a newbie like myself

  18. #18
    Registered User camdls1's Avatar
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    a good news feed would be extremely helpful, using forex crunch and its a good 15-20 seconds too slow

  19. #19
    ಠ◡ಠ HotBiscuits's Avatar
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    **** off jwlee you dumb **** i wanted to make the ****ing thread you didnt even put we lost our house in the title how are you so **** for ****s sake you dumb ****


    edit: its in your sig though so repped

    This was typically me browsing the last thread, until someone posted asking how much we made then I turned red

    A biscuit always pays his reps.

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  20. #20
    Registered User poonjoon's Avatar
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    Originally Posted by HotBiscuits View Post
    **** off jwlee you dumb **** i wanted to make the ****ing thread you didnt even put we lost our house in the title how are you so **** for ****s sake you dumb ****


    edit: its in your sig though so repped
    inb4 500 more forex threads

  21. #21
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    Originally Posted by jwlee7ucla View Post
    See sig. Negs
    Maybe its time to find a new hobby?

  22. #22
    Banned Raimundo24's Avatar
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    OP, did you really lose your house?

  23. #23
    Registered User jwlee7ucla's Avatar
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    Originally Posted by Raimundo24 View Post
    OP, did you really lose your house?
    No, I don't even own a house. Jakes on you
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  24. #24
    ಠ◡ಠ HotBiscuits's Avatar
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    HotBiscuits is offline
    Originally Posted by jwlee7ucla View Post
    No, I don't even own a house. Jakes on you

    cause you lost it trading fx...
    A biscuit always pays his reps.

    **** you whitey, no gracios Jeff
    ~Sex Offender Crew~
    ***Lost my house trading FOREX crew***

  25. #25
    Registered User poonjoon's Avatar
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    poonjoon is offline
    Originally Posted by HotBiscuits View Post
    cause you lost it trading fx...
    i lost my daughter trading fx.


    fx markets...not even once.

  26. #26
    Banned bruhbruh's Avatar
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    bruhbruh is offline
    What's do you think about bots?

  27. #27
    Registered User camdls1's Avatar
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    Originally Posted by bruhbruh View Post
    What's do you think about bots?
    if you mean EA's then unless its bringing any sort of decent return its obviously not good, if you mean programs people are selling for thousands of dollars its a waste of money.

  28. #28
    Registered User poonjoon's Avatar
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    poonjoon is offline
    Originally Posted by bruhbruh View Post
    What's do you think about bots?

    not even once.


    srs.

  29. #29
    Registered User jwlee7ucla's Avatar
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    jwlee7ucla is offline
    Originally Posted by bruhbruh View Post
    What's do you think about bots?
    not. even. once. not good with programming to update the bots. the market is constantly changing- if you cant recognize the changes you cant update your bot.
    Living a happy life

  30. #30
    Banned AceDaJace's Avatar
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    up in this new thread. Happy learning from the pros here if there are any.

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