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Help needed in OANDA + users from Malaysia 105 replies

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  • #1,221
  • Nov 6, 2007 11:25am Nov 6, 2007 11:25am
what indicators are you using?
  • #1,222
  • Nov 6, 2007 11:27am Nov 6, 2007 11:27am
Quoting blackhand
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...
Ok dude I've got what you mean. We all waiting for the BIG REVERSAL. As for me... let it be BIG REVERSAL 1st... I'll just watch. I am not keen to catch the early train. I'll catch the next train. You know... If REVERSE... what is the CONFIRMATION. Any luck on the 20wma and 30sma strategy?

Quoting msmsms
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.
Cheers mate That's the spirit. Malaysia Boleh!

Financially independent is one thing... heard about the meaning of FINANCIAL FREEDOM?
  • #1,223
  • Nov 6, 2007 11:30am Nov 6, 2007 11:30am
Quoting Srikanth
what indicators are you using?
Duh! You must be too lazy to study back all the previous post : Do some homework mate Everything been explained thoroughly throughout this whole thread.
  • #1,224
  • Nov 6, 2007 11:38am Nov 6, 2007 11:38am
Nite nite everyone. Too tired and sleepy already. It's almost 1:45 am over here.

Placing TP at 2.0900

SELAMAT MALAM
  • #1,225
  • Nov 6, 2007 11:38am Nov 6, 2007 11:38am
Nice thread guys!! I am usually in Cable thread but I just thought I should try this one out!!

I am currently short from 20891 but I dont know where to exit as of yet!! I believe that 20845 is a good place to exit because that is where i will find support.

Any ideas?
  • #1,226
  • Nov 6, 2007 12:02pm Nov 6, 2007 12:02pm
venom,

just nice at 2.0850 or hold till 2.0821.
  • #1,227
  • Nov 6, 2007 12:07pm Nov 6, 2007 12:07pm
any of u ever click sell when u should buy? i made that mistake twice. in chess, one blunder move will already ruin your tempo and lost the game. wish that i will at least get a draw.

0-0-0, 0-0. (who knows what these means)
  • #1,228
  • Nov 6, 2007 3:06pm Nov 6, 2007 3:06pm
Quoting msmsms
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.
Hi,everyone !I manage to simplify the entry rules for the 20 WMA & 30 SMA Strategy and hopefully will help to easily identify the trade entry. The example on the chart show the long entry for trend reversal set up based on today trade and will be the same concept for others set up. For those who not yet get to use with multiple time frame setup you can just get your entry using 30 minutes chart .

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.
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  • #1,229
  • Nov 6, 2007 5:13pm Nov 6, 2007 5:13pm
Quoting Malaysia
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.
I would suggest you(or everyone use this system) to stick with the trade set up/rules,set 'minimal acceptable performance' for the trade profit (prob max 20 pips TP) and give at least one month on demo to see the performance of the projection.If the system give you above 65% winning trade,you should stick with it cause it will lead you toward success depend on how you deal with the future trade mentally.

Simple projection can be as following:

20 days of trade( 1 trade a day) X 20 pips profit target ( set it lower if not consistently achievable/get average) x Value of your trade volume (prob 1 lot of 1 position equal to +/-USD1) = USD40 (if things consistently going your way)

if you stick with the same projection with consistent day and pips profit target using the same system but just change/increase the your trade volume every future month you have high chance to be succesful(That how professional/institutional trader make their million in long/short term in their career).Honestly the SYSTEM and the PROJECTION based on the system consistency will ONLY prove your success.The system keep you work properly and the projection provide you direction in the long term what you want to achieve as a trader.Be optimistic!Someone did it I'm sure everyone can.It just depend on individual attitude to success!

P/S:Share our knowledges is one of the method to improve ourself, cause it make us think rationally when someone ask us a questions.Therefore we be able to provide rational answers which generate analytic process of thinking.In trading and investment there're no competition among individual, instead of competition with our own attitude to do better everyday to success in long term.Well done with your progress so far!Keep it forward!
  • #1,230
  • Nov 6, 2007 6:23pm Nov 6, 2007 6:23pm
Quoting Zul
Hi,everyone !I manage to simplify the entry rules for the 20 WMA & 30 SMA Strategy and hopefully will help to easily identify the trade entry. The example on the chart show the long entry for trend reversal set up based on today trade and will be the same concept for others set up. For those who not yet get to use with multiple time frame setup you can just get your entry using 30 minutes chart .

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.
tq zul.
  • #1,231
  • Nov 6, 2007 6:47pm Nov 6, 2007 6:47pm
Good Morning MALAYSIA

Glad too see that my Long entry last night is making profit now The Bear had once again touched the YELLOW line (20wma) and I actually did placed 1 more BUY order. With this LONG I've placed the SL right below the 50% Fibbo, below Purple Line (30sma) and below lower BB Band. Only a GIGANTIC Bear can break them all. We'll see

Not much important NEWS for the GBP today. However there's an important News for the USD tonight. Cable might test the 900 mark area again.
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  • #1,232
  • Nov 6, 2007 7:00pm Nov 6, 2007 7:00pm
Quoting venomdesignsUK
Nice thread guys!! I am usually in Cable thread but I just thought I should try this one out!!

I am currently short from 20891 but I dont know where to exit as of yet!! I believe that 20845 is a good place to exit because that is where i will find support.

Any ideas?
Sorry mate By the time you've asked the question... I already LOGGED OFF and went to sleep. The BEAR didn't managed to touch 2.0845 How do you manage with the floating SHORT now? Did you banked in some profit already? or still waiting for the Big Retracement?


p/s: To ZUL and MSMSMS, SYABAS Thank you guyz for really serious about developing the 20 wma and 30 sma strategy. I am practically implementing the strategy to my real acc
  • #1,233
  • Nov 6, 2007 8:22pm Nov 6, 2007 8:22pm
This is something to THINK of... just a fruit for thought. Open for DISCUSSION.

Everybody is saying about the DOOM of the US DOLLAR right now. From my FA and some background in ECONOMICS... this is LESS likely gonna happen. The Dollar is weakening... certainly YES... but not forever.

Why I said so? Think... what is happening now. USD is getting cheaper and cheaper everyday. Since the last Interest Rate cut from the FED... even cheaper! Believe me... they might even CUT some more. We all know that the DIRECT CORRELATION between the CURRENCY and the INTEREST RATE. If you still don't know about this... I suggest... STOP trading FOREX Some might think... why is FED so stupid of doing so. You wanna know why?

The main interest of FED or any NATIONAL BANK... including BANK NEGARA... IS TO ENSURE AND PRESERVE THE COUNTRY ECONOMIC GROWTH. They will do this even though by jeopardizing the STRENGTH of the its Currency. The aim now is the ECONOMIC GROWTH. I think the FED is doing a smart move.

Think... with all the hype of SUBPRIME ISSUES storming in the USA now... surely it's affecting the National Economy. From the Fundamental Data being reported... indicating slow or stop or reverse GROWTH of the economics there. What would you do to JUMP START the economic growth?

That is why the FED has to CUT the IR. Lower interest means... homeowners can afford to pay back the LOAN or Mortgage. Banks will get LIQUIDITY again... meaning will get back some of the CASH they've lent out and using that CASH to finance new loans. New loans for houses and construction. With the lower IR... people will prone to BUY more things including houses rather than SAVE it.

Why HOUSING data is so important for the Economic Growth indicator? Think... when you can afford to buy a house... or think that this is the right time to buy one because of the LOW IR... many people also can afford it and thinking alike... create DEMAND. Hence, the SUPPLY will automatically increase... meaning more contractor or developer making houses. More houses need more concrete... cement... wood... raw materials... paints... wires... fan... aircond... kitchen equipment... furniture... pet... security systems... even insurances! :surprised

See what I mean? Indirectly the housing growth affecting all others industries including service industries. Look at now. With the cheap currency and low IR... isn't it convincing for foreigners to BUY a house in the USA?

Another thing to THINK of... what happen to the people in CANADA now? They all rushing to USA for SHOPPING What actually benefiting from this? USA economic growth of course!

We as Malaysian... which overseas holiday destination is more convincing to travel to after taking consideration about the cost? UK >>> the Pound getting expensive, Europe >>> the Euro getting expensive. USA >>> the Dollar getting cheaper. What actually benefiting from this? USA economic growth of course!

What happen if the Economy grow bigger and bigger? INFLATION occur. If this happen... FED can start hike up the IR again. Wallllaaaaaaaa.... the USD will strengthen.

Just throw a stone in a pond. You'll see ripples. Observe how the ripples traveling from the centre outwards. Right now... we all know that USA experiencing SUBPRIME PROBLEMS and trying to solve it by CUTTING IR. What about UK? Europe? Malaysia? When or Never?

Back to basic.... EQUILIBRIUM.

Don't ask me when is the BIG REVERSAL... or the long awaited TURNING POINT. Seriously... I DON'T KNOW. That's why I am always vigilant about this... and get ready to change my TRADING PLAN from BUY FROM DIP to SELL FROM BOUNCE.
  • #1,234
  • Nov 6, 2007 8:28pm Nov 6, 2007 8:28pm
As expected... bounce back upon touching 20 wma! Changing my MONEY MANAGEMENT. Putting Trailing Stop 15 pips on one order.... and putting TP 2.0900 on the other one.
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  • #1,235
  • Nov 6, 2007 8:32pm Nov 6, 2007 8:32pm
:surprised:flushed::surprised LOOK AT THE BULL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I am speechless....
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  • #1,236
  • Nov 6, 2007 8:38pm Nov 6, 2007 8:38pm
Did anyone actually follow exactly all my TRADING PLAN and execute it in the REAL ACC?

If you did... you should buy me a drink or something

TP got hit TS got hit In less than 3 weeks... reaching 100% profit already
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  • #1,237
  • Nov 6, 2007 8:42pm Nov 6, 2007 8:42pm
i wish i could follow you....
Patience is virtue
  • #1,238
  • Nov 6, 2007 8:46pm Nov 6, 2007 8:46pm
Quoting Malaysia
Click at the arrow in the quote box next to my ID to refer back to previous TA on the Chart.



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.
Did I mentioned about the FIBBO EXTENSION? Look at 261.8% FIBBO

I AM "NUJUM PAK BELALANG" already
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  • #1,239
  • Nov 6, 2007 9:11pm Nov 6, 2007 9:11pm
Quoting totally
i wish i could follow you....
Yeah... today is my day! Tomorrow might be yours Just don't follow blindly ok. Give some constructive feedback for me to IMPROVISE this Strategy

I am done for today. Going out to bring my wife for SHOPPING Tomorrow is another day. IMPORTANT day because of the BOE IR Announcement.

p/s: Those surprise of the BULL SPIKES might be caused by the BIG PLAYER. I wonder if they are planning of something. They might even got the NEWS LEAK already Will do my investigation on this.
  • #1,240
  • Nov 6, 2007 9:19pm Nov 6, 2007 9:19pm
Quoting Malaysia
Good Morning MALAYSIA

Glad too see that my Long entry last night is making profit now The Bear had once again touched the YELLOW line (20wma) and I actually did placed 1 more BUY order. With this LONG I've placed the SL right below the 50% Fibbo, below Purple Line (30sma) and below lower BB Band. Only a GIGANTIC Bear can break them all. We'll see

Not much important NEWS for the GBP today. However there's an important News for the USD tonight. Cable might test the 900 mark area again.
Hi... im newbie here... 30sma (simple or smooth?) and 20wma (i can't find in my MT).... Can u help me about that..
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