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Help needed in OANDA + users from Malaysia 105 replies

Attachments: Malaysia
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Malaysia

https://www.facebook.com/Combatingil...cheme2?fref=ts
Well, I found this facebook page is actually very interesting. Most of the information that the admins provided is regarding forex trading is wrong. Forex trading is illegal in malaysia but does not mean you can't trade forex by using oversea broker. And Illegal does not mean Scam! Scam is the pyramid scheme that conducted by those marketers. Sometimes is really frustrated when I tell someone I'm trading forex and they regard me as a scammer. I spent 2 years to develop the trading method that I'm satisfice and people just deny my efforts and regard the money I made is actually made from recruiting people but I have never ever try to recruit a single person in my forex trading career. It's actually very upset when you see those comments is actually very naive.
Quoting ckwong622
https://www.facebook.com/Combatingil...cheme2?fref=ts Well, I found this facebook page is actually very interesting. Most of the information that the admins provided is regarding forex trading is wrong. Forex trading is illegal in malaysia but does not mean you can't trade forex by using oversea broker. And Illegal does not mean Scam! Scam is the pyramid scheme that conducted by those marketers. Sometimes is really frustrated when I tell someone I'm trading forex and they regard me as a scammer. I spent 2 years to develop the...
Those people are stupid. They don't even know banks in Malaysia trade forex hahaha
Quoting dindang2win
{quote} Those people are stupid. They don't even know banks in Malaysia trade forex hahaha
Ya. Forex trading is actually a bank product and thus Bank definitely trade forex to generate profit. But those people just can't accept the fact. Too bad
Quoting ckwong622
{quote} Ya. Forex trading is actually a bank product and thus Bank definitely trade forex to generate profit. But those people just can't accept the fact. Too bad
1. Yes, Banks in Malaysia trade forex to generate profit.

2. No, forex trading is not a Bank product. Not in Malaysia anyway.

3. Forex trading for yourself is not illegal in Malaysia. Forex trading for Other People without a license (which you will NEVER get in this country) IS illegal.

4. Please do not tell people you are trading forex. You should not trade forex if you care what people think or if you just want to impress.

5. Please ignore people who think you're a scammer. Don't be frustrated with them. You should pity them, in fact. They were born on this Earth to always buy in the Malaysian stock market, buy insurance, and buy Amanah Saham. Just ignore them and focus on building your account for yourself and your family.

6. Please stop following pointless Facebook pages.
I'm not trying to convince anyone. I'm not in the "convincing" business.
True trader is a low profile person.. Why need to boast?
Attached Image (click to enlarge)
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today entry GU buy at 1.485
SL 1.48
TP 1.49

this week market kinda mess
Quoting KanGKunG
{image} today entry GU buy at 1.485 SL 1.48 TP 1.49 this week market kinda mess

Just my opinion.

why your total pips on SL is = TP??

My point is in your 10 trades, if you win 5 lose 5 than = 0
if lucky win more lose less = you earn some
if unlucky lose more win less = you lose more

* always TP must more than SL. Base on your capital calculation.

Anyway, good luck on your journey to earn more. Cheerss..
Quoting Mic85
{quote} Just my opinion. why your total pips on SL is = TP?? My point is in your 10 trades, if you win 5 lose 5 than = 0 if lucky win more lose less = you earn some if unlucky lose more win less = you lose more * always TP must more than SL. Base on your capital calculation. Anyway, good luck on your journey to earn more. Cheerss..
agreed.. good R:R is 1:2 but just my trading plan for quite few month... and i satisfied with my trade plan with my strategies.. but yeah what u say is still correct

as U can see my sistem triggered for valid buy suppose is 60pip sl but i put PO for max my SL since my fix TP is 50pip.. cause from the chart my sl is just a bit low from HL.. average entry for my trading SL is around 30pip-50pip but my fix TP is 50pip.. and this GU make me entry with max SL
Quoting KanGKunG
{quote} agreed.. good R:R is 1:2 but just my trading plan for quite few month... and i satisfied with my trade plan with my strategies.. but yeah what u say is still correct as U can see my sistem triggered for valid buy suppose is 60pip sl but i put PO for max my SL since my fix TP is 50pip.. cause from the chart my sl is just a bit low from HL.. average entry for my trading SL is around 30pip-50pip but my fix TP is 50pip.. and this GU make me entry with max SL

Ya, this week is just don't have clear direction on GU but this pair still in short postition in long term.
High possibility this pair will continue to drop below 1.47. When NY session start and dollar still on going up, we will see a nice drop for this pair. Waiting asian session finish to decide entry.
Quoting Mic85
{quote} Ya, this week is just don't have clear direction on GU but this pair still in short postition in long term. High possibility this pair will continue to drop below 1.47. When NY session start and dollar still on going up, we will see a nice drop for this pair. Waiting asian session finish to decide entry.

agreed.. im also waiting for usd to come back..
Quoting KanGKunG
{image} today entry GU buy at 1.485 SL 1.48 TP 1.49 this week market kinda mess

being kick out just before the price go to 1.49..

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Quoting skenobi
{quote} 1. Yes, Banks in Malaysia trade forex to generate profit. 2. No, forex trading is not a Bank product. Not in Malaysia anyway. 3. Forex trading for yourself is not illegal in Malaysia. Forex trading for Other People without a license (which you will NEVER get in this country) IS illegal. 4. Please do not tell people you are trading forex. You should not trade forex if you care what people think or if you just want to impress. 5. Please ignore people who think you're a scammer. Don't be frustrated with them. You should pity them, in fact....
Surprised to see you here skenobi, I've been following your posts on institutional trader thread, and I find them very informative if not enlightening. I think you are either Singaporean or Malaysian, either way it's glad to know you are from this part of the world too!
Life only tastes good when you eat what you kill.
Quoting cherader
{quote} Surprised to see you here skenobi, I've been following your posts on institutional trader thread, and I find them very informative if not enlightening. I think you are either Singaporean or Malaysian, either way it's glad to know you are from this part of the world too!

I'm half of both.

Cheers, mate.
I'm not trying to convince anyone. I'm not in the "convincing" business.
Taking short on all this pair....
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Intraday trader
Basically you are shorting AUD heavily and long JPY. Why not just short 1 baby AUDJPY? No need to take care too many babies, more efficient.

maybe you have your own reasons. :-). Nice setup thou.
Your chart is very complicated. I always have difficulties in reading these kinds of charts. But the chart is looking good and sophisticated.
Quoting skenobi
{quote} 1. Yes, Banks in Malaysia trade forex to generate profit. 2. No, forex trading is not a Bank product. Not in Malaysia anyway. 3. Forex trading for yourself is not illegal in Malaysia. Forex trading for Other People without a license (which you will NEVER get in this country) IS illegal. 4. Please do not tell people you are trading forex. You should not trade forex if you care what people think or if you just want to impress. 5. Please ignore people who think you're a scammer. Don't be frustrated with them. You should pity them, in fact....
I agree with that. Banks always trade in foreign currency. But for individual, there are no such product available. Only limited to money exchange operator that are given permit to trade in foreign currency market. That's how they make money anyway.
look before you leap - zarenfx dot net
Quoting mrluckystar
Taking short on all this pair.... {image}
better take a close look back. watch out for support and resistance. AUD/NZD are still in consolidation and might breakout to long.
look before you leap - zarenfx dot net
Quoting lithium1
Basically you are shorting AUD heavily and long JPY. Why not just short 1 baby AUDJPY? No need to take care too many babies, more efficient. maybe you have your own reasons. :-). Nice setup thou.
agreed...
with too many pairs, it is easier to lose track of some of it.
look before you leap - zarenfx dot net
Quoting superblack
Your chart is very complicated. I always have difficulties in reading these kinds of charts. But the chart is looking good and sophisticated.
nice chart...
basically, this would be my preferred chart and always use it. Nice clean and direct!

http://www.zaren.my/forexfactory/20150413-EURUSDH1.png
look before you leap - zarenfx dot net
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