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Help needed in OANDA + users from Malaysia 105 replies

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  • #1,861
  • Nov 14, 2007 7:25pm Nov 14, 2007 7:25pm
so..are we waiting for 50% fibo breakout?
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Patience is virtue
  • #1,862
  • Nov 14, 2007 7:34pm Nov 14, 2007 7:34pm
Quoting tkh33
i learn from u, friend. thank you so much to know u. got lots more to learn from u, YOU R GREAT.
I am not here to teach... I am here to share and to learn as well : That 20wma 30sma Entry Signal Technique was proposed by msmsms... improvised by zul. I learn from them then I customize it to my style and adapting it to my existing strategy. Now I found it really suite to my trading system. Because of my dynamic personality... I keep improvising the technique from time to time with additional info about FA and hence I have a dynamics system That's the power of sharing.
  • #1,863
  • Nov 14, 2007 7:42pm Nov 14, 2007 7:42pm
Quoting totally
so..are we waiting for 50% fibo breakout?
Yep... from that one on your chart and from the Top as well. Breaking 50% doesn't necessarily gonna FLY AWAY (opposite of free fall), have to consider 61.8% Fibbo as well.

If failed to break 50% Fibbo (yesterday was the classic example if you refer between 5:30pm to 6:30pm Malaysia time on CABLE chart)... another BEAR TRAIN to the south
  • #1,864
  • Nov 14, 2007 7:46pm Nov 14, 2007 7:46pm
Quoting totally
so..are we waiting for 50% fibo breakout?
The way you draw your fibo compare to mine is diffrently.

Here how i draw it.
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  • #1,865
  • Nov 14, 2007 7:46pm Nov 14, 2007 7:46pm
Quoting Malaysia
I am not here to teach... I am here to share and to learn as well : That 20wma 30sma Entry Signal Technique was proposed by msmsms... improvised by zul. I learn from them then I customize it to my style and adapting it to my existing strategy. Now I found it really suite to my trading system. Because of my dynamic personality... I keep improvising the technique from time to time with additional info about FA and hence I have a dynamics system That's the power of sharing.
I BENEFIT A LOTS BECAUSE OF YOUR GENEROUSITY AND KINDNESS SHARING. WELL I AM GOING OUT NOW, COME BACK FOR THE PROFIT WAR LATER. ONCE AGAIN THANK YOU VERY MUCH TO U, MSMSMS AND ZUL...... AND THE REST WHO SHARE IN THIS FORUM, OPPPS LIKE GIVING SPEECH DURING AWARD...HE HE
  • #1,866
  • Nov 14, 2007 7:50pm Nov 14, 2007 7:50pm
could you post #'s along with your 50% levels, i currently have about 3 50% levels on multiple TF's and diferent tops and bottoms...
  • #1,867
  • Nov 14, 2007 7:51pm Nov 14, 2007 7:51pm
Quoting Balflear
The way you draw your fibo compare to mine is diffrently.

Here how i draw it.
thanx malaysia and balflear...and what is it take to pull the fibo from actually? I pull 0% at up to 100% down because its look bearish to me...I'm still confuse to extract the fibos...
Patience is virtue
  • #1,868
  • Nov 14, 2007 8:04pm Nov 14, 2007 8:04pm
Quoting Balflear
The way you draw your fibo compare to mine is diffrently.

Here how i draw it.
Actually... this is my REAL FIBBO DRAWING technique to be share. I am stretching to the back so that I can compare the Fibbo levels with the previous price resistances and supports to confirm that the certain level is really strong or not. Another thing is I always consider the previous day HIGH and LOW so that I can "estimate" the median or the DAILY PIVOT... without actually calculating it

p/s: There is No right or Wrong... use the one you are comfortable with.
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  • #1,869
  • Nov 14, 2007 8:20pm Nov 14, 2007 8:20pm
I'm short @ 2.0566 with SL 10pips above previous high.
  • #1,870
  • Nov 14, 2007 8:25pm Nov 14, 2007 8:25pm
Quoting matsaleh
I'm short @ 2.0566 with SL 10pips above previous high.
Already SHORTED when the 20 wma is touched on my H1 chart As right now... the 20 wma in the M15 chart is giving a strong support Bouncing reaction can be observed now. Will the bear break tha 20 wma on M15 chart?
  • #1,871
  • Nov 14, 2007 8:34pm Nov 14, 2007 8:34pm
Quoting totally
thanx malaysia and balflear...and what is it take to pull the fibo from actually? I pull 0% at up to 100% down because its look bearish to me...I'm still confuse to extract the fibos...
For me... I always drag from start the FAR Lowest or Highest point to the NEAREST Lowest or highest point... with reference to the current price. What you did on your chart was dragged it from the nearest point to the far point.

The thing is I am more concern about the RETRACEMENT rather than the EXTENSION.
  • #1,872
  • Nov 14, 2007 8:46pm Nov 14, 2007 8:46pm
Observing the market psychology now That 20 wma is acting like a magnet to the CS below it. Hard to let it drop away. If the magnet loss its power... the Bear will have to overcome the MIDDLE BB Support. Breaking that... the Bull is waiting at the 30 sma. Will the Bear win in that battle? If the Bear is strong enough at 30 sma... FREE FALL will initiated with lower BB as the elastic SUPPORT.

Failing to get away from that 20 wma... Up we go again.
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  • #1,873
  • Nov 14, 2007 8:57pm Nov 14, 2007 8:57pm
Also with the current price... the CABLE is now at 23.6% Fibbo area. Observe all CS at the RED ELLIPSE. Heavy Support and Resistance area huh
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  • #1,874
  • Nov 14, 2007 9:21pm Nov 14, 2007 9:21pm
Very very strong support that is... the Bull seems don't wanna give up. Still fighting eventhough had broken its horn The Bear also seems exhausted.

With this market psychology 50 - 50 ... anything could happen. I am placing SL 3 pips below Entry Point. Worst come to worst, I already secured Usd30 to my balance. Remember... the discipline of CAPITAL Appreciation. Zul always remind us about this
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  • #1,875
  • Nov 14, 2007 10:15pm Nov 14, 2007 10:15pm
SL got hit Banked in Usd30 Better than nothing. Seems like BULL bias before European Open
  • #1,876
  • Nov 14, 2007 10:30pm Nov 14, 2007 10:30pm
Switching to my M30 chart... I have noticed that the 20 wma is crossing with 30 sma right now. The RSI also indicating Buying activity start to active. Hence, BULL Market until European Open or London Open or till News release.

Therefore, I will execute Buy From Dip (BFD) whenever the Bear fall onto 20 wma. We might experience yesterday scenario... UP then Free Fall
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  • #1,877
  • Nov 14, 2007 10:31pm Nov 14, 2007 10:31pm
Bull break 23.6 fibos...wait for 38.2 and 50....
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Patience is virtue
  • #1,878
  • Nov 14, 2007 10:37pm Nov 14, 2007 10:37pm
Quoting totally
Bull break 23.6 fibos...
The bull is now testing 38.2% Fibbo
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  • #1,879
  • Nov 14, 2007 10:47pm Nov 14, 2007 10:47pm
Broke 38.2% Fibbo I just BUY straight away!!! Aiming 50% Fibbo now with no resistance in between!!!
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  • #1,880
  • Nov 14, 2007 10:49pm Nov 14, 2007 10:49pm
testing 50....i'm gonna buy cable....tsl 15..

a.y.o.r.....hehehe
Patience is virtue
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