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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #1,201
  • Nov 6, 2007 7:42am Nov 6, 2007 7:42am
Juz arrived home... have to leave earlier because taking my wife from the Office... then dinner ... then chill out... Now back to home sweet home

Hit my TP... when I was juz about to leave before... I've changed the SL below 50%Fibbo and set TP at near the high which is 2.0880. I normally do the TP and quite BIG SL if I am gonna leave the monitor for quite some time. I am glad to see now that TP got hit at a perfect price. BULLS EYE! Now the price is dropping a bit from that target.

Luckily the retracement didn't breach the 50% Fibbo.

Here's the new update about the Demo Acc based on my strategy and planning for today

p/s: Special thanks to msmsms and zul for the 20wma and 30sma Strategy.
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  • #1,202
  • Nov 6, 2007 7:50am Nov 6, 2007 7:50am
If you read earlier... I've made mistake of confirming the ENTRY SIGNAL using M15 chart... however this is good for scalping... not really my style.

Looking at the H1 chart attached. Look at that!!! :surprised PERFECT!!! As soon as the BEAR touched the YELLOW line (20wma) it bounced back. That was the perfect ENTRY SIGNAL to BUY FROM DIP juz now. To msmsms... perhaps you could sell this strategy Well done mate! It's proven.
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  • #1,203
  • Nov 6, 2007 7:55am Nov 6, 2007 7:55am
Quoting Malaysia
If you read earlier... I've made mistake of confirming the ENTRY SIGNAL using M15 chart... however this is good for scalping... not really my style.

Looking at the H1 chart attached. Look at that!!! :surprised PERFECT!!! As soon as the BEAR touched the YELLOW line (20wma) it bounced back. That was the perfect ENTRY SIGNAL to BUY FROM DIP juz now. To msmsms... perhaps you could sell this strategy Well done mate! It's proven.
GBPhttp://www.forexfactory.com/images/m...mpact_high.gifInterest Rate Statement (will anythng happen if the rate stays the same?)
  • #1,204
  • Nov 6, 2007 8:05am Nov 6, 2007 8:05am
Quoting Malaysia
EurUsd seems Bullish and trying to break the STRONGEST RESISTANCE again. ( Red line Upper Line of the CHANNEL TREND Lines). Will the Euro Bull succeed this time? If that resistance is breached, I am expecting the Euro gonna pull up the CABLE with it.
Click at the arrow in the quote box next to my ID to refer back to previous TA on the Chart.

Quoting Malaysia
EurUsd.... Like I forecast earlier on. Now testing to break the RESISTANCE (red line). 3 times already in 3 hrs
What did I said. Now already BREAK OUT!!! Study how the BULL pierced the RED line and shoot like a rocket. The RESISTANCE is no longer valid. EurUsd will go high up to ??? ... I also dunno I've got no reference for the possible HIGH right now. Perhaps... I'll look at the FIBBO extension and Psychological Resistance as a guideline for now.
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  • #1,205
  • Nov 6, 2007 8:16am Nov 6, 2007 8:16am
Quoting Zul
USD/JPY Intraday London Session

Pivot:
114.89
1st sup.
114.32
2nd sup.
114.02
3rd sup.
113.8
1st res.
114.89
2nd res.
115.2
3rd res.
115.43


Counter trend strategy could consider short positions on fail to break current resistance at 114.76 with targets @ 114.32 & 114.02.

Alternative scenario, the upside penetration of 114.76 will call for 115.2 & 115.43.

Comment: intraday indicators are showing reversal signs & the 114.9 area maintains a downside pressure.


Any open positions on counter trend strategy should apply 10 pips trailing stop or close with profit at current price for capital appreciation.

Technical level fron London session still valid for New York session.

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. [/quote]
  • #1,206
  • Nov 6, 2007 8:35am Nov 6, 2007 8:35am
Lets celebrate!!! 900mark been breached!!! :surprised We've got a new high for now. I bet there are millions of SL and TP on that PSYCHOLOGICAL RESISTANCE. Price correction for now... retrace a bit then.... UP we go again. Common CABLE... give me a real CHEAP price to Buy From Dip again
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  • #1,207
  • Nov 6, 2007 8:42am Nov 6, 2007 8:42am
Quoting zankuha
GBPhttp://www.forexfactory.com/images/m...mpact_high.gifInterest Rate Statement (will anythng happen if the rate stays the same?)
Zankuha... still doing my research and FA on this... will come out with the report tomorrow. Thanks for reminding us about the IR Announcement. THIS IS VERY IMPORTANT! Watch out this Thursday at 8pm Malaysia time for the announcement.

As usual... I'll give my opinion to be discussed on this thread. Just wait for that.

p/s: Anything... any hint... any rumors... saying that they might follow the FED by cutting it? This could be really interesting topic.
  • #1,208
  • Nov 6, 2007 8:46am Nov 6, 2007 8:46am
Just found this thread........macamana tak boleh nampak dulu wei....good fou our malaysian trader....keep on a good job guys....boleh tumpank sebakul
  • #1,209
  • Nov 6, 2007 9:01am Nov 6, 2007 9:01am
Quoting aneres
Just found this thread........macamana tak boleh nampak dulu wei....good fou our malaysian trader....keep on a good job guys....boleh tumpank sebakul
Welcome aneres Macam mana bole tak nampak daaa : Yes sure... any discussion regarding Forex is welcome here. Just abide the 3 FF RULES. Care to share your strategy?

p/s: Perhaps you should join the CLUB for regular meeting and Gathering. It's FUN and FREE
  • #1,210
  • Nov 6, 2007 9:11am Nov 6, 2007 9:11am
Tonight is a perfect example to see the OPPOSITE Correlation between DJI chart and Carry Trades (???/JPY) Charts. If you've been following since the very beginning... I've discussed about this topic quite deep. See the prove... normally you saw the were moving in the same direction. Tonight... OPPOSITE direction. Read things about RISK AVERSION to understand this. Go and do the research yourself on this. There are lots of reading and research if you wanna master about the STOCKS and FOREX correlation. Me myself... still learning.

Refer the chart. From far right... DJI... UsdJpy... GbpJpy...
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  • #1,211
  • Nov 6, 2007 9:14am Nov 6, 2007 9:14am
buy from dip...I think not anymore for today right?
Patience is virtue
  • #1,212
  • Nov 6, 2007 9:25am Nov 6, 2007 9:25am
Quoting totally
buy from dip...I think not anymore for today right?
Waiting for the BEAR to touch the YELLOW LINE (20wma) again to buy from dip. That is around that purple circle. I'll put SL right below Purple Line (30sma) or below 50% Fibbo. This is my PLAN.

A.Y.O.R >>> At Your Own Risk
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  • #1,213
  • Nov 6, 2007 9:43am Nov 6, 2007 9:43am
I'm sorry..just a newbie...I guess this week cable will rally to 2.1000...I think..hehe
Patience is virtue
  • #1,214
  • Nov 6, 2007 9:56am Nov 6, 2007 9:56am
Quoting totally
I'm sorry..just a newbie...I guess this week cable will rally to 2.1000...I think..hehe
Yeah nice call What happen if BOE cut the Interest Rate? I know this is less likely gonna happen. But what IF? You might never see 2.1000 till next year

Perhaps you should tell us what makes you THINK like that. Follow what I did... I gave full explanation towards all my DECISIONS. I always give reasoning on my TA and FA. I even follow up with my CALL step by step.

Do this and you'll make us proud for making this thread evolving from NEWBIES style to PROFESSIONAL style. This is how to learn exactly. Just the CALL without reasoning... we can't learn anything. Like gambling 50 - 50.

p/s: No heart feeling aaaaa... just a constructive info.
  • #1,215
  • Nov 6, 2007 9:57am Nov 6, 2007 9:57am
Quoting Malaysia
.... THIS IS VERY IMPORTANT! Watch out this Thursday at 8pm Malaysia time for the announcement....
p/s: Anything... any hint... any rumors... saying that they might follow the FED by cutting it? This could be really interesting topic.
I think that even the news good to USD, it will just pull back for an hour then back again to decline But if is bad to USD, it will immediately drop like useless paper :surprised. USD ain't good to climb within this year end... C u USD next year, GU n EU uptrend will probably carry on till X'mas
For weeks ppl studying chart whatever n predicted that GU might gone down from where current price at 2.05 2.06 2.07 2.08... But what in reality is, it just keep long n long... all charting is disputed infront of FA... A simple news just break all TA back bone... Although many ppl outthere thinking of GU is overbou n should short since 2-3weeks ago..
  • #1,216
  • Nov 6, 2007 10:12am Nov 6, 2007 10:12am
Quoting blackhand
I think that even the news good to USD, it will just pull back for an hour then back again to decline But if is bad to USD, it will immediately drop like useless paper . USD ain't good to climb within this year end... C u USD next year, GU n EU uptrend will probably carry on till X'mas
For weeks ppl studying chart whatever n predicted that GU might gone down from where current price at 2.05 2.06 2.07 2.08... But what in reality is, it just keep long n long... all charting is disputed infront of FA... A simple news just break all TA back bone... Although many ppl outthere thinking of GU is overbou n should short since 2-3weeks ago..
That is why I LOVE THE BUY FROM DIP strategy As I said... nothing confirming the BIG REVERSAL yet. Still following the TREND. From my Risk Management analysis... Buy From DIP less riskier then SELL From TOP. Keep on BFD until FA or TA confirming the TREND REVERSAL.

However... don't agree that USD will become toilet paper. I've explain earlier about this. Remember the EQUILIBRIUM theory?

p/s: Look at my demo acc SUMMARY. Made mistake once for SELL GbpUsd. Look at the rest.... ALL BUY


  • #1,217
  • Nov 6, 2007 10:26am Nov 6, 2007 10:26am
I mean It will decline like toilet paper= cheap, till the big reversal
Now doing this sell from Top as well in USDCHF... But is this 20WMA 30SMA can b funtioned well in UC n EURCHF? testing 1 2 3...
  • #1,218
  • Nov 6, 2007 10:35am Nov 6, 2007 10:35am
i am back,

for entry is good to look at 15 min chart, for observation use 30 min, for further retracement use 1 hr chart, for safe and secure position and trend reversal use 4 hr chart.

shamx77, this strategy is free, small matter only. another reason we trade forex is, to become financially independent.
  • #1,219
  • Nov 6, 2007 10:38am Nov 6, 2007 10:38am
please try demo using usd/chf. i suppose it will work well with all pairs. except gj, that pair 3 times faster than gu. sometimes i lost track.
  • #1,220
  • Nov 6, 2007 11:17am Nov 6, 2007 11:17am
Buy from dip triggered on CABLE. Reason: Bear touched the Yellow Line (20wma) on H1 Chart. Placing SL at 2.0828. Reason: Below Purple Line (30sma) and Below 61.8% Fibbo Retracement.

p/s: Actually me myself feeling quite scary about the performance so far. It's almost 100% efficient. All my FA and TA really improving tremendously since I open up this thread.

"Sebab tu ada orang cakap jangan kedekut ilmu. Orang suka mengajar ni ... murah rezeki. Amin"

I have a gut feeling I am gonna take a heavy loss on this one. Too good to be true if I am making all wins/green pips onwards. There must be a glitch somewhere I am ready for it.
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