http://www.mataf.net/forums/forums.html Sun, 23 Nov 2008 18:23:02 +0100 1 http://www.mataf.net/forums/Broker-Bonuses-t8017.html Neo UltimaForex Fri, 21 Nov 2008 13:33:40 +0100 Sun, 23 Nov 2008 13:25:49 +0100 http://www.mataf.net/forums/Broker-Bonuses-t8017.html http://www.mataf.net/forums/General-Information-Tra-t7476.html
This is my first post on this site, i have been passing on information to others to help them with trading etc , have a look and let me if it is of use to you.

Here is some information that beginners or advance traders might find useful.

I trade breakouts mainly but use other methods also.

What set aside the pro to a novice , to be honest i think it is just applying the right attuide and following a strict set of rules , most know why novices fail but still they seem to keep doing the same mistakes, i know i still make mistakes and anyone who tells you different is a fibber.

Rules that were taught to me when i first started but took me a while to completely understand them, but are very straight forward

1) Identify highest probability, ignore the others.
2)Never ever rush into or chase a trade,Loss of opportunity is preferable to loss of capital.
3) Always look for most obvious charts patterns, same as the big boys will be looking at.
4) Dont Overtrade , its the same as gambling.
5) Have a plan - Set targets
6)Study Trader Pschology
7)Treat it as a business , start small ,use the method of compounding ,

As i use a method that has set indicators and methods you might know follow everything but most of it applys .

Fear and greed , Market is ruled by these emotions. You need to learn to understand this and control it, i feel this is the most important part to be a professional.

Every course or program that is on offer mentions that you will make ???+ pips a day, maybe they do but what they dont tell you is that you have to have the psch?makeup to use the systems 99% of people dont. Personailty is everything what might work for me might not work for you, but learning the right attitude and using a strict set of rules and using money management you will find the edge.

Professional edge

They go that extra mile
Diet, exercise, sleep, relaxation, visualisation, reading, studing, self improvement.

4 emotions

Fear- to control this you need to feel good about your trades , know that if it goes bad you have done your homework etc . You have done a correct trade it has just gone against you this time.

Greed - People want to make money fast, now etc , they overtrade , this is how fear kicks in because you are gambling, it is all relative.

Anger/revenge- just getting stopped out or you just missed a trade and jump in, it reverses , you trade again ,so on and so on. JUST DONT DO IT. BE A PROFESSIONAL.

Arrogance- Dont get cocky , keep yourself to yourself about how successful you are, help others be respectful and humble.

Well i hope this helps , i will be glad to answer any questions and problems you may have.

For now

]]> damtoul Tue, 21 Oct 2008 18:00:38 +0200 Sat, 22 Nov 2008 11:01:27 +0100 http://www.mataf.net/forums/General-Information-Tra-t7476.html http://www.mataf.net/forums/Start-Forex-Trading-t5720.html You start in Forex trading, this forum is for you dinkuale Mon, 23 Jun 2008 15:53:05 +0200 Fri, 21 Nov 2008 22:42:39 +0100 http://www.mataf.net/forums/Start-Forex-Trading-t5720.html http://www.mataf.net/forums/Indicators-t7581.html Hey guys I already have an mt4 demo account in tradeview and I’m really eager to learn how to use some indicators so could someone give me useful info about some indicators? dinkuale Fri, 24 Oct 2008 19:38:13 +0200 Fri, 21 Nov 2008 22:41:14 +0100 http://www.mataf.net/forums/Indicators-t7581.html http://www.mataf.net/forums/Nov-21-Forex-Analysis-Eu-t8021.html Summary: Update on supports and resistances.
Story: Pivot: 1.262

Short positions below 1.262 with targets @ 1.2525 & 1.2475 in extension.

Alternative scenario: Above 1.262 look for further upside with 1.27 & 1.273 as targets.

Comments: the pair is capped by a declining trend line. 1.262 is 50% retracement of the previous leg down.]]> flyersummer Fri, 21 Nov 2008 16:33:56 +0100 Fri, 21 Nov 2008 16:33:56 +0100 http://www.mataf.net/forums/Nov-21-Forex-Analysis-Eu-t8021.html http://www.mataf.net/forums/Intra-day-Usd-jpy-Outlook-t7977.html
Updating time : 20 Nov 2008 02:57 GMT

Despite o/n cross-inspired selloff, dlr's reco-
very fm 95.56 (Aust.) suggests minor consolidation
wud be seen but reckon 96.15/20 shud limit upside n
yield another fall to 95.40/50, however, sup at
95.13 wud hold in Asia.

Sell on further recovery for 95.65 n if price
drops to 95.40 1st, buy for a rebound to 95.90...

Range Forecast
95.60 / 95.90

Resistance/Support
R: 96.33/ 97.12/ 97.56
S: 95.56/ 95.13/ 94.48]]> AcetraderFX Thu, 20 Nov 2008 04:31:41 +0100 Thu, 20 Nov 2008 04:31:41 +0100 http://www.mataf.net/forums/Intra-day-Usd-jpy-Outlook-t7977.html http://www.mataf.net/forums/Nov-18-Forex-Analysis-Eu-t7954.html
Under that, we have supports at 1.2540 and finally the tough 1.2500/10.

To the upside, as long as the pair holds here, we could see some bullish movements, with resistances at 1.2665/85, the zone @ 1.2740 and finally the descendant daily trend line at 1.2780.]]> flyersummer Tue, 18 Nov 2008 16:43:06 +0100 Tue, 18 Nov 2008 16:43:06 +0100 http://www.mataf.net/forums/Nov-18-Forex-Analysis-Eu-t7954.html http://www.mataf.net/forums/Intra-day-Eur-usd-Outlook-t7935.html
Updating time :18 Nov 2008 04:17 GMT

Euro's recovery after finding buying interest at
1.2601 suggests further consolidation abv there wud
be seen n gain to 1.2660/65 cannot be ruled out b4
decline fm 1.2742 (y'day's high) resumes later.

Stand aside n look to sell on further recovery.
Below sup at 1.2601 wud extend marginal weakness
but reckon 1.2560/65 wud hold fm here...

Range Forecast
1.2605 / 1.2645

Resistance/Support
R: 1.2665/1.2703/1.2742
S: 1.2601/1.2546/1.2512]]> AcetraderFX Tue, 18 Nov 2008 07:06:37 +0100 Tue, 18 Nov 2008 07:06:37 +0100 http://www.mataf.net/forums/Intra-day-Eur-usd-Outlook-t7935.html http://www.mataf.net/forums/Newbie-Traders-Fail-t7136.html
The simple answer is: They don't treat their trading accounts as their businesses. Yes! Forex trading is a business. If you reject this idea you have failed or will probably fail as part of that 90%.

When you deposit your first $100, $500, $1,000 or whatever... you are making an investment to start your own business. That money needs to be carefully managed on each trade because if you don't, your business will collapse. Everyone knows a business needs to be run with patience, responsibility and most of all discipline.

Newbie traders are in for the big bucks, and that is not bad at all. I am in for the big bucks as well and I actually have a big amount on my trading account. However, newbies want to make the big bucks overnight and that is the BIG mistake. We all know that trillions of dollars are flowing every day through the forex market but that doesn't mean we get to have a big cut of the cake right on day 2.

Trading is a skill you need to learn based on discipline and self-control. Humans are greedy by nature and that has to be ripped off from us when trading. We cannot expect to have 100 pip gains on our first day (unless you have been practicing with a demo account that won't happen).

Forex can really change your life as it has for many of us. The key to build a successful forex business is to go for small but consistent earnings at first. Then as you grow your trading account and you are confident with your skills, you will be able to trade bigger amounts of money and get growing at a faster rate. I dare to bet that most of the successful traders that have made forex their living, started this way. It is recommended that when starting you only trade 2% of your trading account on each trade. As you get confident with the market and your skills get it up to 3-5%.

You can't just enter the market and get rich tomorrow. Unfortunately that won't happen. But if you are disciplined and get to know the principles you will become successful and believe me you will make a fortune if you do it right.

Good luck with your trading and don't be greedy!

Yokiro.]]> spikegomez Thu, 02 Oct 2008 00:46:47 +0200 Tue, 18 Nov 2008 06:41:01 +0100 http://www.mataf.net/forums/Newbie-Traders-Fail-t7136.html http://www.mataf.net/forums/Nov-17-Forex-Analysis-Eu-t7930.html

EUR/USD is trading within a bigger range between 1.25-1.28 and only a clear break can lead us either to 1.2350 or 1.30. The pair found good support at 1.25 and therefore corrected quite aggressively towards 1.27. Next level to watch will be 1.2750 ahead of 1.28 which could find strong offers. On the downside, if 1.25 gives way then 1.2430 ahead of 1.2380 comes back to play.

At the moment is clear that traders do not want to commit in something bigger and they wait therefore for any signs as to what the direction will be. Markets have already priced in the negative data in US and Europe and they already know that the situation is bad, so right now they are at a point to either wait patiently until the crisis blows over and start buying heavily or to continue with the selling.

Today the economic calendar is almost empty with couple of releases out of US which are not expected to make any noise. The markets are getting ready for Bernanke s testimony later this week along with the Bank of Englands minutes. After the last meeting, this may give us more insight as to what went on and why the Bank decided to cut rates so heavily. The economic situation in England is getting worse by the day and the unemployment figures showed that by 2010 the number of unemployed people will reach proximately 3.000.000. This fact in combination with slow growth and deteriorating economic conditions is making BOE even more determined to "fight" recession by any means even if that means taking the interest rates down to zero!

GBP/USD is making a good start this morning after London opening, with the pair moving up more than 300 points and finding resistance at 1.4970. The pair found support at 1.4640 and bounced back from there in a sudden move which shows that traders might take their profits before continuing lower. However, markets wait the minutes from BOE before they commit either way or also the inflationary data which are out in the coming days. If CPI and PPI are both lower than the bank really wont think twice about cutting even more next time in order to bring some kind of stability.

The bottom line is this: Market participants, investors, traders, you and me know very well that the world is at risk of recession in the coming months. We know that as from today, Japan is in recession after GDP contracted for second consecutive month. We also know that UK and Germany are in recession and US very likely too. So, we know there is probably worse to come but we also know that the crisis will at some point start to ease and traders will want to jump the chance to buy back aggressively and be on board when "the train leaves for Northville"!

History shows that December is always a month of dollar weakness and therefore this time the weakness could very well be exaggerated and more traders could sell the buck to lock up their gains of all those months. Maybe December is the month that traders need in order to start a temporary correction and take euro and pound higher! Lets put it another way, risk aversion will always be here But so will the prospect of a better economic tomorrow.]]> flyersummer Mon, 17 Nov 2008 15:54:33 +0100 Mon, 17 Nov 2008 15:54:33 +0100 http://www.mataf.net/forums/Nov-17-Forex-Analysis-Eu-t7930.html http://www.mataf.net/forums/Intra-day-Usd-jpy-Outlook-t7913.html
Updating time : 17 Nov 2008 01:26 GMT

Dlr's rebound fm 95.87 (Aust.) in part due to
cross unwinding suggests an intra-day low has been
formed n risk is seen for gain to 96.90/00 n possi-
bly 97.30, however, abv 97.76 is needed to signal
retreat fm 98.30 has ended.

Exit intra-day short n stand aside. Below 96.00
/10 wud bring another fall to 95.87 n 95.50/60...

Range Forecast
96.40 / 96.90

Resistance/Support
R: 97.76/ 98.10/ 98.30
S: 95.87/ 95.13/ 94.48


http://www.acetrader.com]]> AcetraderFX Mon, 17 Nov 2008 03:40:17 +0100 Mon, 17 Nov 2008 03:40:17 +0100 http://www.mataf.net/forums/Intra-day-Usd-jpy-Outlook-t7913.html http://www.mataf.net/forums/Free-Forex-Signal-Free-M-t7912.html I want to introduce you these great forex blogs

First one is Online Forex Trading - url www.fxcm.blogspot.com

This blog help you with daily forex signal and trading recommendation. It also provide a sound technical indicator knowledge

The second one is Online forex indicators - url www.adry-fx.blogspot.com

Inside you can find the best forex indicators, all are free to download and screenshot for your reference

Thank you for visit and good luck on your trade
If you need any further information , don't hesitate to contact me
I'm a 4 years trader

Your truthfully,...]]> damtoul Sun, 16 Nov 2008 09:54:16 +0100 Sun, 16 Nov 2008 22:39:58 +0100 http://www.mataf.net/forums/Free-Forex-Signal-Free-M-t7912.html http://www.mataf.net/forums/Free-Mt4-Indicators-The-t5724.html
A google search will find them for you.


]]> damtoul Mon, 23 Jun 2008 20:49:07 +0200 Sun, 16 Nov 2008 01:44:00 +0100 http://www.mataf.net/forums/Free-Mt4-Indicators-The-t5724.html http://www.mataf.net/forums/1103-Gmt-November-14th-t7902.html Euro Outlook

11:03 GMT November 14th

Technically, the recovery yesterday to 1.2857 saw the 21-DMA line once again tested. However, this line has again rebuffed the advance and the price has pulled back to pivot the 10-DMA line at 1.2727. The 21-DMA (now at 1.2823) will remain key to further topside action, as EUR/USD has not traded above this line since late September - when we witnessed the rapid decline through the 1.40s. Look for any break higher to signal further upward potential, with a higher intraday close key to confirming the possibility of bullish follow-through in the outlook for the medium-term.

Looking ahead, US data today sees October Import/Export and Retail Sales released at 13:30 GMT. This brace is followed by the 14:55 GMT Michigan sentiment data and the 15:00 GMT disclosure of September Business Inventories. However, it will be the central bank rhetoric, from the ECB conference, that could add clarify to the outlook. Both Trichet and Bernanke are due to speak but with a weekend G20 meeting also on the calendar some officials may prefer to keep their powder dry ahead of the Washington negotiations.



]]> flyersummer Fri, 14 Nov 2008 14:48:14 +0100 Fri, 14 Nov 2008 14:48:14 +0100 http://www.mataf.net/forums/1103-Gmt-November-14th-t7902.html http://www.mataf.net/forums/Historical-Analyses-t7857.html Is there anywhere on this site where I can see historical/past technical analyses? BklynSuccess Wed, 12 Nov 2008 02:13:26 +0100 Wed, 12 Nov 2008 02:13:26 +0100 http://www.mataf.net/forums/Historical-Analyses-t7857.html