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Help needed in OANDA + users from Malaysia 105 replies

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  • #2,261
  • Nov 19, 2007 2:13am Nov 19, 2007 2:13am
Quoting abbassi
I caught about 12 pips on the way up
I caught 25 pips, but now I am short.
  • #2,262
  • Nov 19, 2007 2:14am Nov 19, 2007 2:14am
Quoting Matrixxdg
I'm in SHORT @ 476 for a small scalp
Could have wait for another ENTRY But then... it's Bearish anyway. Bound to Drop Down unless... China Man making some new statement

Quoting abbassi
I caught about 12 pips on the way up
All your hard work and dynamic anticipation by figuring out the possibility... pay off in the end. Congratulation Bro
  • #2,263
  • Nov 19, 2007 2:20am Nov 19, 2007 2:20am
There is your bounce again off of the 15M 20 sma for a short.

MG
  • #2,264
  • Nov 19, 2007 2:21am Nov 19, 2007 2:21am
Have u ever bought and sold the same pair at the same time? Setting SL at 1/3 and TP at 2/3. That way you have both directions covered.
Is that something useful in strategy?
  • #2,265
  • Nov 19, 2007 2:23am Nov 19, 2007 2:23am
Quoting abbassi
Have u ever bought and sold the same pair at the same time? Setting SL at 1/3 and TP at 2/3. That way you have both directions covered.
Is that something useful in strategy?
That's call HEDGING or Locking. Only GOOD at this kind of MARKET Psychology... when it's Ranging or PING PONG... But when it move to only 1 direction... You'll be stuck for a long time to UNLOCK it back. There's always PROs and CONs in anything

p/s: In your way... you've set up SL in the beginning. Perhaps it works best at this kind of PING PONG situation.
  • #2,266
  • Nov 19, 2007 2:27am Nov 19, 2007 2:27am
Quoting Matrixxdg
There is your bounce again off of the 15M 20 sma for a short.

MG
I am trying short based on this and Doji in the 5 min. Lets see what happens.
  • #2,267
  • Nov 19, 2007 2:29am Nov 19, 2007 2:29am
Quoting Matrixxdg
There is your bounce again off of the 15M 20 sma for a short.

MG
I will try a short based on that plus the doji in 5min period
  • #2,268
  • Nov 19, 2007 2:30am Nov 19, 2007 2:30am
The only problem I see is the 38.2% FIB is 4 pips away below it.
  • #2,269
  • Nov 19, 2007 2:33am Nov 19, 2007 2:33am
Quoting Matrixxdg
The only problem I see is the 38.2% FIB is 4 pips away below it.
Yeah, that was amistake. Maybe the fibs and supports over ride the 20 MA theory.
  • #2,270
  • Nov 19, 2007 2:34am Nov 19, 2007 2:34am
Quoting Matrixxdg
The only problem I see is the 38.2% FIB is 4 pips away below it.
Cut my short because it was flat. Now I'm long
  • #2,271
  • Nov 19, 2007 2:35am Nov 19, 2007 2:35am
hello friends. i've used the 5ema and 50ema for about 1 mounth and it was good :when the 5ema crossover 50ema upward, trend is upward and when 5ema crossover 50ema downward ,trend is downward,in fact by crossovering , the trend is confirmed.(for a while which you choose its TF). may you test these indicators and say what do you mean about ?


regards
  • #2,272
  • Nov 19, 2007 2:35am Nov 19, 2007 2:35am
Should have bought
  • #2,273
  • Nov 19, 2007 2:36am Nov 19, 2007 2:36am
Off to bed for a couple hours Kip see you all shorty.

MG
  • #2,274
  • Nov 19, 2007 2:37am Nov 19, 2007 2:37am
Quoting abbassi
Yeah, that was amistake. Maybe the fibs and supports over ride the 20 MA theory.
Look at M30 chart... The bull nearly touch 20 wma for good entry signal... but the 2.0500 psycho resistance halt it from touching 20 wma.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd385a.PNG Size: 30 KB
  • #2,275
  • Nov 19, 2007 2:40am Nov 19, 2007 2:40am
Saw that after entry, reacted too quickly.
  • #2,276
  • Nov 19, 2007 2:47am Nov 19, 2007 2:47am
Quoting Hrro
hello friends. i've used the 5ema and 50ema for about 1 mounth and it was good :when the 5ema crossover 50ema upward, trend is upward and when 5ema crossover 50ema downward ,trend is downward,in fact by crossovering , the trend is confirmed.(for a while which you choose its TF). may you test these indicators and say what do you mean about ?


regards
please test it and compare the trends
it will help you a lot!
  • #2,277
  • Nov 19, 2007 2:48am Nov 19, 2007 2:48am
Quoting Hrro
hello friends. i've used the 5ema and 50ema for about 1 mounth and it was good :when the 5ema crossover 50ema upward, trend is upward and when 5ema crossover 50ema downward ,trend is downward,in fact by crossovering , the trend is confirmed.(for a while which you choose its TF). may you test these indicators and say what do you mean about ?


regards
Hi HRRO,
The problem I see is the 5-50 ema lags WAY TOO MUCH. Look at a current 30M chart. You would have left about 42 pips on the table waiting on the cross. I use something similar for confirmation, but it to lags. I use STOCHASTICS set at 14-2-2 smoothing. If you do not have smothing you can use EXP... This of course is IMHO.

Nite all.

MG
Attached Image
  • #2,278
  • Nov 19, 2007 2:50am Nov 19, 2007 2:50am
Quoting Malaysia
Look at M30 chart... The bull nearly touch 20 wma for good entry signal... but the 2.0500 psycho resistance halt it from touching 20 wma.

Easily 20 pips Green already But I didn't pull the trigger Nevermind... happy enough with overall profit for today I am going out to my wife office. See ya all later
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd386a.PNG Size: 33 KB
  • #2,279
  • Nov 19, 2007 2:52am Nov 19, 2007 2:52am
I just noticed I have a little snow outside on the grass. My wife will be up in a few minutes. First snow of the year.
  • #2,280
  • Nov 19, 2007 2:57am Nov 19, 2007 2:57am
Quoting Matrixxdg
Hi HRRO,
The problem I see is the 5-50 ema lags WAY TOO MUCH. Look at a current 30M chart. You would have left about 42 pips on the table waiting on the cross. I use something similar for confirmation, but it to lags. I use STOCHASTICS set at 14-2-2 smoothing. If you do not have smothing you can use EXP... This of course is IMHO.

Nite all.

MG
thank you a lot but these can show(or confirm) the the trend in the middle of the way, if you don't use these originally...
maybe i wrong anyway...
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