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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #2,861
  • Nov 28, 2007 8:03am Nov 28, 2007 8:03am
9:30pm USD http://www.forexfactory.com/images/m...act_medium.gif Durable Goods Orders m/m -0.4% 0.0% -1.4%
9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Core Durable Goods Orders m/m -0.7% 0.4% 1.1%
11:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif Existing Home Sales ??? 5.00M 5.04M
11:30pm USD http://www.forexfactory.com/images/m...impact_low.gif Crude Oil Inventories ??? -0.5M -1.1M

I am not keen on US news release anymore after last night ordeal. Like I said... nowadays... BAD NEWS IS A GOOD NEWS and vice versa. Tricky!!! US session got to consider the US STOCKS as well... CARRY TRADE... RISK AVERSION.... many unforeseen things can happen.

Best thing is.... no assumption... just FOLLOW direction Knowing when to Enter and when to Exit is important. With the market palying PING PONG like this.... most TA useless.
  • #2,862
  • Nov 28, 2007 8:15am Nov 28, 2007 8:15am
Hye there my man malaysia. can u tell us some of ur challenges during ur beginning as a trader? well, just want u to give us some encouragement. i've been through a lot too. erghh...
  • #2,863
  • Nov 28, 2007 8:29am Nov 28, 2007 8:29am
Quoting Jackhalid
Hye there my man malaysia. can u tell us some of ur challenges during ur beginning as a trader? well, just want u to give us some encouragement. i've been through a lot too. erghh...
Famous words:
"LEARN FROM MISTAKES"
"The best teacher is your own self"
"Only invest with the money you can afford to loose"
"Nothing last long... don't be COMPLAISANCE... keep on evolving"

Last time... hard to find forum like this. Info about FOREX also limited in the web. I practically had to sit down in the bookshop (Kinokunia) to do some readings about Forex. Expensive books... I can't afford to buy that time. Sadly... the bookstore already sealed all the expensive books now. Can't read for free anymore. I spent tremendous time watching the market. Many days no sleep. A few accounts blown up. No body UNDERSTAND my nature of work that time. Lots and lots of READINGS ... EXPERIMENTING... TRIAL AND ERROR. Even now the process never ending. No such thing as EASY MONEY. You might be lucky for a year or two... but if seriously considering TRADING FOREX gonna be your lifetime career... work hard on it. Don't just BUY EA or follow people blindly... only STUPID TRADER DO THAT. Create your own system. That's take ages and need experiences and "THINKING".

Even now I am still learning.
  • #2,864
  • Nov 28, 2007 8:53am Nov 28, 2007 8:53am
Well Mr. Malaysia, to tell u the truth, what u've been through is the same as i'm going through now. maybe someday, if i manage to hold on, i can become like u. but frankly speaking, it's very hard to put my guts altogether. damn... there's always no shortcut to success. i've blown one account on my first day of trading real account. now i've been hanging on. got ups and downs. i've read lots of books, e-books and even went to seminars. it has been helpful, but i guess the most important thing is ON-THE-HAND job. reading is easy. implementing is not easy. I pray to Allah everyday that someday I'll end up being a succesful trader like my sifoo. InsyaAllah... amien...

Thanks for the advice. It has been really helpful. Where do u live? Maybe we can met someday to talk about forex. well, that's if u don't mind. heheh
  • #2,865
  • Nov 28, 2007 8:57am Nov 28, 2007 8:57am
DJI shoot up high... CARRY TRADES also shooting up to the sky. Cable and EU still stuck though... USD seems still strengthening slowly. Will the 11 O clock news change something with the current situation?

p/s: I am happy enough with the 30pips accumulated earlier. Might just watch the market if I see no opportunity for me to trade.
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  • #2,866
  • Nov 28, 2007 9:04am Nov 28, 2007 9:04am
Quoting Jackhalid
Well Mr. Malaysia, to tell u the truth, what u've been through is the same as i'm going through now. maybe someday, if i manage to hold on, i can become like u. but frankly speaking, it's very hard to put my guts altogether. damn... there's always no shortcut to success. i've blown one account on my first day of trading real account. now i've been hanging on. got ups and downs. i've read lots of books, e-books and even went to seminars. it has been helpful, but i guess the most important thing is ON-THE-HAND job. reading is easy. implementing is not easy. I pray to Allah everyday that someday I'll end up being a succesful trader like my sifoo. InsyaAllah... amien...

Thanks for the advice. It has been really helpful. Where do u live? Maybe we can met someday to talk about forex. well, that's if u don't mind. heheh
Seems like you still haven't master the "EQ"... Emotion Control. What about your MONEY MANAGEMENT.... did your sifoo or seminar teach that?

"THINK".... who's the longest SURVIVOR in FOREX? The answer is BANKERS. How they survive long.... They've got GROUPS OF TRADERS AND ANALYST that keep on improvising their Trading System. What about you? Trading ALONE. Try to join a GROUP... and trade together. You might see some improvement.

Always welcome everyone to join my club You can trade with me LIVE at my CAFE later on after the renovation completed.
  • #2,867
  • Nov 28, 2007 9:21am Nov 28, 2007 9:21am
Hmmm.... still couldn't pass the barrier of the TRIANGLE. Broke the Resistance of the CHANNEL earlier... seems like BULL bias but still the 20 wma hasn't cross 30 sma yet. I am clueless Perhaps... Short when on top of the Triangle and Long when at the bottom of the TRIANGLE.... dare enough to go bold like that?

On the NEWS... Home Existing Sales dropping!!! Not good for US economy. However.... market just stagnant. Maybe the effect gonna take place gradually... bit by bit. Despite all the RED NEWS tonight on US economy... the Dollar seems holding firm. "RISK AVERSION" thinggy again!!!

11:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif Existing Home Sales 4.97M 5.00M 5.03M
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  • #2,868
  • Nov 28, 2007 9:36am Nov 28, 2007 9:36am
What account do u use Malaysia? u trade 0.1 or 1.0 lots?
  • #2,869
  • Nov 28, 2007 9:45am Nov 28, 2007 9:45am
Quoting Jackhalid
What account do u use Malaysia? u trade 0.1 or 1.0 lots?
Same as my demo. Standard lot 1.0. Depends on my clients acc though. Some of them already had lots of mini lots HEDGING position before I took over. and do some UNLOCK skill.
  • #2,870
  • Nov 28, 2007 9:56am Nov 28, 2007 9:56am
Quoting Malaysia
Seems like you still haven't master the "EQ"... Emotion Control. What about your MONEY MANAGEMENT.... did your sifoo or seminar teach that?

"THINK".... who's the longest SURVIVOR in FOREX? The answer is BANKERS. How they survive long.... They've got GROUPS OF TRADERS AND ANALYST that keep on improvising their Trading System. What about you? Trading ALONE. Try to join a GROUP... and trade together. You might see some improvement.

Always welcome everyone to join my club You can trade with me LIVE at my CAFE later on after the renovation completed.
Hye bro. You're very true. I'd love to join group trade. but i got some problems actually. first, I can only trade at home. I got no laptop, so it's impossible for me to hang out with my friend and trade together. second, I'm a student and there's not much student involved with forex. i asked my friend to become a trader but they give me cool response. well, some people just don't like money eh? I can't go out (coz I ain't got laptop yaw) to join group trade. that's my main problem. haiyaa...

yes, my sifoo did taught me money management. he said "just use 10% of ur account, and start trading with at least $300". pheww... man, i really need "teman seperjuangan". i'm all alone. like the Akon song "Lonely"

malaysia, where's ur Cafe? and do u know about Minachi technique?
  • #2,871
  • Nov 28, 2007 10:14am Nov 28, 2007 10:14am
I've updated my profile. Just wanna see whether my picture will be coming out or not. heheh. Jangan mara aa...
  • #2,872
  • Nov 28, 2007 5:37pm Nov 28, 2007 5:37pm
malaysia, where's ur Cafe? and do u know about Minachi technique?[/quote]


Just google "minachi" and follow the lead...the source/founder or co founder this technique should go by name "surelaris" ..
  • #2,873
  • Edited 6:08pm Nov 28, 2007 5:49pm | Edited 6:08pm
I slept early last night. Woke up this morning and laughing out loud. We saw 2.0800 indeed Missed the 1st BULL Train... I am catching up the next one. BFD triggered when the BEAR touched 20 wma just now. I took some real action.

This was my 1st analysis early morning yesterday
Quoting Malaysia
From FA... No news from UK today. Most likely gonna FOLLOW EURO... like yesterday.

Gonna be purely technical again for today until US session... with some influences from Euro.

From My TA... Higher possibility for Cable gonna break the UPPER Resistance on the TRIANGLE. Ready for BREAKOUT. We might see 2.0800 today. Looking at the H4 Stoch.... the BULL gonna dominate soon. Let see.

The 50% Fibbo is tested again. Twice now. Seems strong SUPPORT. On H1 chart creating DOUBLE BOTTOM

Expect the Unexpected. Where ever the market goes... just follow. Money Management wisely. Don't follow blindly... because I might change strategy if the market change psychology.

A.Y.O.R
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  • #2,874
  • Nov 28, 2007 6:04pm Nov 28, 2007 6:04pm
Quoting kimi
malaysia, where's ur Cafe? and do u know about Minachi technique?

Just google "minachi" and follow the lead...the source/founder or co founder this technique should go by name "surelaris" ..[/quote]

My cafe is at AMPANG near DePalma Hotel. No... I don't know Minachi technique... as right now I am seriously developing NEW TRADING SYSTEM... I just don't want it to be cluttered with so many techniques. I might have a look at it. When you are trying to create a system... try not to jump from one technique to another in a short time... concentrate on what had been proven profitable for you... and keep on improvising it. If you keep on jumping from one technique to another... you'll end up "LIKE A DOG CHASING ITS TAIL". Try to master techniques that suite your style. Techniques that profiting to others don't necessarily profiting to you. Don't be "Jack of all trades but master of none"... try to be "JACK of all trades and master of everything"
  • #2,875
  • Nov 28, 2007 6:15pm Nov 28, 2007 6:15pm
Finally... after no news from the UK for a few days... today we got many many many IMPORTANT news for the Pound Sterling. Got to be a bumpy ride today. I am up and ready!!!
  • #2,876
  • Nov 28, 2007 6:50pm Nov 28, 2007 6:50pm
Ouch!!! Bleeding now from my BFD of 20 wma of M30 chart Might be the better entry at 30 sma M30 or 20 wma H1 I'll take loss if those are broken by the BEAR.
  • #2,877
  • Nov 28, 2007 7:49pm Nov 28, 2007 7:49pm
Nicely bounce back at middle BB... around 50% Fibbo. I can see the SPINNING TOP CS there
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  • #2,878
  • Nov 28, 2007 7:59pm Nov 28, 2007 7:59pm
de palma? i went to de palma b4 for last day 'buka puasa'.. heheh
  • #2,879
  • Nov 28, 2007 8:00pm Nov 28, 2007 8:00pm
how are you setting up the charts what steps are you taking?
  • #2,880
  • Nov 28, 2007 8:02pm Nov 28, 2007 8:02pm
Quoting arinforex
de palma? i went to de palma b4 for last day 'buka puasa'.. heheh
The opening of the CAFE is on the 1st of JANUARY 2008. InsyaAllah. Now facing a little bit of problem... tight capital. Might be looking for another business partner or investor Anyone interested?

Email me: [email protected]
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