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Help needed in OANDA + users from Malaysia 105 replies

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  • #1,121
  • Nov 5, 2007 3:57am Nov 5, 2007 3:57am
Quoting Malaysia
Good for you Qs I saw you shorted from the top I'll wait for the DISCOUNT price for now
wait for 30% if any chance buy at 80%
GL.
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,122
  • Nov 5, 2007 4:03am Nov 5, 2007 4:03am
Quoting Qu|cksilver
wait for 30% if any chance buy at 80%
GL.
Nice BARGAIN price that is Sure I'll Buy when it's cheap. Subjected to my FA later on Thanks Bro for the chart.

http://www.forexfactory.com/attachme...1&d=1194252692
  • #1,123
  • Edited 4:20am Nov 5, 2007 4:19am | Edited 4:20am
Look at the LAST transaction. This is a perfect example even though I have set up SL at exactly BE price... I still lost USD30! This is normal when the NEWS breakout follow by big surprise... Market move rapidly... spread widen out. Electronically (lagging factor) I got stopped out at 3pips lower than my SL.

p/s: If you can't read the summary clearly, left click on the chart attached to open it in a new window. Then left click again to ZOOM IN.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd138a.PNG Size: 70 KB
  • #1,124
  • Nov 5, 2007 4:24am Nov 5, 2007 4:24am
Quoting Malaysia
Look at the LAST transaction. This is a perfect example even though I have set up SL at exactly BE price... I still lost USD30! This is normal when the NEWS breakout follow by big surprise... Market move rapidly... spread widen out. Electronically (lagging factor) I got stopped out at 3pips lower than my SL.

p/s: If you can't read the summary clearly, left click on the chart attached to open it in a new window. Then left click again to ZOOM IN.
wow.. only 2 loss
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,125
  • Edited 4:37am Nov 5, 2007 4:32am | Edited 4:37am
Quoting Qu|cksilver
wow.. only 2 loss
Please be advised that this is only my demo account to show the efficiency of my strategy. I am not allowed to show my real account statement as that will insight some kind of PROMOTIONAL intension. Some members in this thread already seen my real account. You've got to be real close to me to view that : As thread Host/Starter... I will keep it this way. Playing my role as the NEUTRAL party Every moved in that SUMMARY is being back up by my TA & FA since it was created. Looks good for now

p/s: Noticed that the SELL on the 24th October had suffered a BIG Lost. That's because of my poor Money Management that time and because... against the trend. That's why if you look carefully after that... all BUY were made. Still with the BUY FROM DIP strategy until CONFIRM TREND REVERSAL.
  • #1,126
  • Nov 5, 2007 5:25am Nov 5, 2007 5:25am
USD/JPY Intraday NY Session(Pre-open)

1st sup.
114.3
2nd sup.
114
3rd sup.
113.8
1st res.
114.82
2nd res.
114.95
3rd res.
115.43

Long position can be considered on fail of 114.11with targets at 114.65 & 114.85 in extension.

Alternative scenario, break below 114.11 look for further downside with 114 & 113.8 as targets.

Comment: the 114.30 (61.8% Fibonacci retracement) maintains a bullish bias.

Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.
  • #1,127
  • Nov 5, 2007 6:14am Nov 5, 2007 6:14am
Quoting Malaysia
Nice one Bro Carefully thought of. Perhaps you or some one can SET UP a DEMO acc on this and show us all its efficiency. Hence, we all can give feed back to improvise the system. Anyone on to this?
Yo,bro!That what I suggest ,msmsms originally develop this system so prob he can update the progress.
  • #1,128
  • Nov 5, 2007 6:17am Nov 5, 2007 6:17am
Quoting msmsms
zul,

thank you very much for your reply.

been using this indicator for quite sometime. and it works for all time frame. first of all look for daily trend then, enter trade using 15m chart. BUY FROM DIP. keep it simple.

I agree with u,it work well for any time frame above 10 minutes and using 15 minutes chart to trigger the position is the best trigger point.
  • #1,129
  • Nov 5, 2007 6:37am Nov 5, 2007 6:37am
Quoting Zul
USD/JPY Intraday NY Session(Pre-open)

1st sup.
114.3
2nd sup.
114
3rd sup.
113.8
1st res.
114.82
2nd res.
114.95
3rd res.
115.43

Long position can be considered on fail of 114.11with targets at 114.65 & 114.85 in extension.

Alternative scenario, break below 114.11 look for further downside with 114 & 113.8 as targets.

Comment: the 114.30 (61.8% Fibonacci retracement) maintains a bullish bias.

Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.
Counter trend strategy should consider long position can be considered above consolidation area at 114.31on fail current price low with targets at 114.65 & 114.85 in extension.

Trend following strategy can be apply if break current low at 114.06 with target at 113.91 & 113.77 in extension.
Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.
  • #1,130
  • Edited 6:51am Nov 5, 2007 6:50am | Edited 6:51am
Quoting Zul
Yo,bro!That what I suggest ,msmsms originally develop this system so prob he can update the progress.
Juz got home... going out for swimming now. Will be back before NYSE / DJI active... that is 10:30pm am I right? Used to be 9:30pm but with the DST off now in the USA... should add another hour. PLEASE CORRECT ME ON THIS if I am misleading.

msmsms, if you are kind enough... please open up a DEMO acc to execute your strategy. Tell the signal... attach the chart... execute order following the strategy of the sma and wma. I am already tied out with another strategy. Don't have time to do them all. Perhaps someone could volunteer on this if smsms can't do it.
  • #1,131
  • Edited 8:50am Nov 5, 2007 8:20am | Edited 8:50am
I am back Everyone ready for some more action? Monday lately packed with crazy market movement. How crazy the market gonna make us tonight? Remember... the market move us... Not we move the market. Unless you are SOROS alike :

With the fresh mind... I am ready for the BULL or the BEAR. Common baybeh!
  • #1,132
  • Nov 5, 2007 8:29am Nov 5, 2007 8:29am
Starting Bell in 2mins time. Those with JPY pairs (Carry Trades) be ready.... Did I change the time correctly according the DST change in the USA?
  • #1,133
  • Edited 8:36am Nov 5, 2007 8:35am | Edited 8:36am
Initial shock wave... DJI (far right on the chart) dropped around 100 points!!! Carry TRADE obviously affected... dragging them DOWN and DOWN CABLE remains stable.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd139a.PNG Size: 56 KB
  • #1,134
  • Nov 5, 2007 8:40am Nov 5, 2007 8:40am
Quoting Malaysia
Initial shock wave... DJI (far right on the chart) dropped around 100 points!!! Carry TRADE obviously affected... dragging them DOWN and DOWN CABLE remains stable.
DJI down cable will go up rite?
  • #1,135
  • Nov 5, 2007 8:43am Nov 5, 2007 8:43am
Heavy BULL fight going on on DJI chart... It was dropped till 13480.0 but now the Bull is pushing it up to 13520.0! Tricky eh? Just have to wait for the 11pm news then.
  • #1,136
  • Nov 5, 2007 8:46am Nov 5, 2007 8:46am
Quoting zankuha
DJI down cable will go up rite?
Not necessarily. Tricky that is if you are trying to find correlation between DJI and CABLE. If with CARRY TRADE easy... but with CABLE... not sure. Got to be very strong movement to affect Cable. Anyway... be patience... we've got 11pm news to eye on
  • #1,137
  • Nov 5, 2007 8:59am Nov 5, 2007 8:59am
Fastened your seatbelt guyz and gurlz. 1mins to go! Hopefully not another LAME news. Hate ranging. Either GREEN or RED. I am 50-50 on this. Which ever win... Bull or Bear... I'll follow.
  • #1,138
  • Nov 5, 2007 9:08am Nov 5, 2007 9:08am
noting happen
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,139
  • Nov 5, 2007 9:10am Nov 5, 2007 9:10am
11:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif ISM Non-Manufacturing Index 55.8 54.0 54.8
11:00pm USD http://www.forexfactory.com/images/m...impact_low.gif ISM Non-Manufacturing Prices 63.5 67.0 66.1

Duh! Mixed good and bad. I am indecisive about this Hard to tell. From the chart... DJI shoot up a little followed by Carry Trades... then Cable. Just a tiny movement. Not strong because no SURPRISE. It's gonna be ranging then... Ping Pong Pang Pung I am out for toninght. There's always tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd140a.PNG Size: 56 KB
  • #1,140
  • Nov 5, 2007 9:33am Nov 5, 2007 9:33am
ok guys,

thank you. the above indicator is very simple,

1) create 20wma and 30 sma on your 1 hr chart. remember, it works on all time frame. make sure it is 15 min and above. on 5 min, it doesn't show you anything. from that 1 hr chart you can flip backward into 30 min and 15 min chart and see the difference.

2) look at gbp/usd chart as an example. i have been trading this pair since 2.0360 till now, current price is 2.0800. and look at 1 hr chart (once after you create 20wma and 30sma line).

3) from 1 hr chart you will clearly see prices bounce back once it touches 20wma. this line(20 wma) is considered as 1st support and the second line is considered as 2nd support. if the price breaks first support, then touches the second support(30sma), it will bounce back upward, if it is uptrend. we know that gu has been ascending since mid october till now. this is clear, typical example of a perfect trade.

4) if the price breaks second support then wait, be patience, flip into 4 hr chart see whether current price movement has touched 30sma in 4 hr chart. if it hasn't, be patience again. if it touches that line, then go long. it will bounce upward. REMEMBER, THIS IS UPTREND.

5) long and short : buy when price moves above 20wma and 30sma from bottom. sell when price moves below 20sma and 30sma fro top.

6) if the price breaks 30sma on 4hr chart, it goes way way down, then you decide. look at candlesticks. usually 4 hr chart will show you reversal hammer. if you don't want to stop loss, then hedge. you can recover by trading fresh pairs and profit from that.

7) for downtrend, vice-versa.

8) earlier on, i tried sidus method, but it is too tight and doesn't suit me. from that method i did make trial and error process by simply drawing lines here and there to find the best way to enter trade at reasonable point without wasting time. buy low. tried this method since last 3 months.

9) can also use on eur/usd. i haven't tried on commodity pairs. but i believe it works well since gold and crude oil are getting higher.

10) sorry, i don't know how to attach demo chart.very bad in manipulating software.

please add extra indicator, if necessary. discuss.
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