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Help needed in OANDA + users from Malaysia 105 replies

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  • #3,901
  • Dec 17, 2007 7:47pm Dec 17, 2007 7:47pm
hye abg syam yesterday no news for GBP or USD at arround 4 or 5 pm GMT +8 why GU still downtrend?
  • #3,902
  • Dec 17, 2007 7:50pm Dec 17, 2007 7:50pm
Quoting amoreconspirito
hye abg syam yesterday no news for GBP or USD at arround 4 or 5 pm GMT +8 why GU still downtrend?
Are you talking SHORT TERM or LONG TERM? Just take a look at the DAILY chart. See the CS yesterday.
  • #3,903
  • Dec 17, 2007 7:53pm Dec 17, 2007 7:53pm
Today... I have learn a new word: "STAGFLATION" Check it out

Quote
Stagflation Concerns Confound USD Investors

http://www.forexfactory.com/news.php?do=news&id=61146
  • #3,904
  • Dec 17, 2007 8:06pm Dec 17, 2007 8:06pm
I would say... I would be GAMBLING if trying to work out the market direction at this Asian Session. Nothing certain yet... Everything seems INDECISIVE. Expecting RANGING until European and London Open.

Therefore... I would rather spend my time doing something else. Going out now for Swimming now

See you guys and gurls later
  • #3,905
  • Dec 17, 2007 8:21pm Dec 17, 2007 8:21pm
salam / hi

I found this thread quite interesting and still hold the breast opss sorry, hold the breath even after 2 month. Bravo!

Salam Msia, the starter.

I am newbie in dis bzns, about 2 months & already blew 2 live acc. Currently I only use demo acc as a training. (Learn from mistake)
I thought dis is Hollywood, only nice things happen here.

Currently I am using MT4 (platform) n FxOpen as my broker. Seem to be familiar with your platform. I heard shit happen to Fxopen but it is clean now i guess (so far so good)

Seniors, questions:-

1) isn't true that demo acc have a -2 sec delay from live acc?
2) diff platform show diff chart? I noticed interbank platform has diff market movement from Fxopen.

- you are your own enemy, bite it!-
  • #3,906
  • Dec 17, 2007 9:03pm Dec 17, 2007 9:03pm
Quoting Malaysia
Good Morning there Tip for today... STAY OUT until you've got a CLEAR direction. As right now... Market Psychology is INDECISIVE. Perhaps NEWS during LONDON OPEN will show us the way. During this Asian Session... I just SCALP here and there.

Yeah... I think this BFD and SFB strategy gonna stick long with me. Really suites my STYLE. It's NOT GREEDY person way of trading... because using this strategy... always wait for the second train / next wave to enter market. It's not the strategy for REVERSAL pattern... more to follow the trend. The drawback is... it will eat you alive when you use it during RANGING market or RickSaw Market. Only works on TRENDING market.
Bro Sham, thanks for your advice...I am also trying to understand the Triangle break out strategy. I see that you are using IH TF.Is it better with longer TF ? and when you quote a point at which Breakout likely to happen,is it refering to the exact point when it penetrates thru the triangle ??? PLease enlighten, maceh.....
  • #3,907
  • Dec 17, 2007 11:18pm Dec 17, 2007 11:18pm
I am Back Fuh... so fresh after swimming. Really hungry now. Gonna have my LUNCH first then Solat Zohor... then back to business.

Looking at the price now... nothing much on Fiber (EU)... Stagnant. On the other hand, CABLE seems dropping more than 30 pips now What did I said this morning? BIAS ON THE BEAR since the price opened below yesterday Close. It seems like the CABLE gonna retest yesterday Low Will it happen before the news? I am gonna go for SFB on Cable... at least UNTIL it break yesterday Close... then BFD.
  • #3,908
  • Dec 17, 2007 11:27pm Dec 17, 2007 11:27pm
Quoting regent3283
salam / hi

I found this thread quite interesting and still hold the breast opss sorry, hold the breath even after 2 month. Bravo!

Salam Msia, the starter.

I am newbie in dis bzns, about 2 months & already blew 2 live acc. Currently I only use demo acc as a training. (Learn from mistake)
I thought dis is Hollywood, only nice things happen here.

Currently I am using MT4 (platform) n FxOpen as my broker. Seem to be familiar with your platform. I heard shit happen to Fxopen but it is clean now i guess (so far so good)

Seniors, questions:-

1) isn't true that demo acc have a -2 sec delay from live acc?
2) diff platform show diff chart? I noticed interbank platform has diff market movement from Fxopen.

- you are your own enemy, bite it!-
All got pros and cons... None perfect. I don't know that Demo delay 2sec. On my demo and real... just the same. Different movement during NEWS release YES... because Broker will increase Spread differently... thus affecting Bid and Ask price. Different price also YES if the Brokers using different Spread. If you say different Movement... that's Odd... Never seen it before. Anyway... I've heard so many things about that broker of yours.
  • #3,909
  • Dec 17, 2007 11:32pm Dec 17, 2007 11:32pm
Quoting azmanfxuss
Bro Sham, thanks for your advice...I am also trying to understand the Triangle break out strategy. I see that you are using IH TF.Is it better with longer TF ? and when you quote a point at which Breakout likely to happen,is it refering to the exact point when it penetrates thru the triangle ??? PLease enlighten, maceh.....
If you wanna play with breakout strategy... that would be against BFD and SFB strategy. Both have pros and cons. For breakout... you gonna BUY FROM TOP... and SELL FROM BOTTOM. Meaning, placing PO a few pips above Resistance Line or Placing PO a few pips below Support Line of the Triangle. Make sure with tight SL. If it gonna be a FALSE BREAKOUT... your SL surely hit TF... use M30 and above. Below that... just NOISE.
  • #3,910
  • Dec 18, 2007 12:42am Dec 18, 2007 12:42am
Retaliation... Suddenly... The BULL got MAD Now UP we go... NOT SO FAST... still hasn't break yesterday CLOSE
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  • #3,911
  • Dec 18, 2007 1:01am Dec 18, 2007 1:01am
SFB triggered using Stoch M15. SL above 38.2% Fibbo. I am just gonna SCALP for this. If the price drop heavily... as usual... I am just gonna let the profit RUN. TP manually.

A.Y.O.R!!!
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  • #3,912
  • Dec 18, 2007 1:02am Dec 18, 2007 1:02am
Quoting Malaysia
SFB triggered using Stoch M15. SL above 38.2% Fibbo. I am just gonna SCALP for this. If the price drop heavily... as usual... I am just gonna let the profit RUN. TP manually.

A.Y.O.R!!!
Ouch!!! It hurt... already shooting UP more than Today's HIGH
  • #3,913
  • Dec 18, 2007 1:07am Dec 18, 2007 1:07am
Quoting Malaysia
Ouch!!! It hurt... already shooting UP more than Today's HIGH
Phewwww It drop before hitting my SL... Now at BE
  • #3,914
  • Dec 18, 2007 1:12am Dec 18, 2007 1:12am
Quoting Malaysia
SFB triggered using Stoch M15. SL above 38.2% Fibbo. I am just gonna SCALP for this. If the price drop heavily... as usual... I am just gonna let the profit RUN. TP manually.

A.Y.O.R!!!
Alhamdulillah ... Yaaahhhhooooooooooo Will be placing SL at BE soon Perfect ENTRY!!!
Attached Image (click to enlarge)
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  • #3,915
  • Dec 18, 2007 1:24am Dec 18, 2007 1:24am
Quoting Malaysia
Alhamdulillah ... Yaaahhhhooooooooooo Will be placing SL at BE soon Perfect ENTRY!!!
Taking out profit manually soon... as soon as the STOCH touch the ground. If however, the BEAR penetrate the 23.6% Fibbo and leave it far away behind... I just gonna place SL a few pips above that Fibbo line. Just got to let the profit runs
Attached Image (click to enlarge)
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  • #3,916
  • Dec 18, 2007 1:26am Dec 18, 2007 1:26am
USD/JPY Intraday London session
1st sup.
112.95
2nd sup.
112.73
3rd sup.
112.28
1st res.
113.32
2nd res.
113.47
3rd res.
113.58

Long positions can be considered on fail of initial support around 112.95 with targets @ 113.32 & 113.47 in extension.

Alternative scenario, counter trend strategy can be consider on fail resistance around 113.32 look for further downside with 112.73 & 112.28 as targets.

Comment: The pair has broken below a rising trend line but still on the uptrend.

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  • #3,917
  • Dec 18, 2007 1:44am Dec 18, 2007 1:44am
Quoting Malaysia
If you wanna play with breakout strategy... that would be against BFD and SFB strategy. Both have pros and cons. For breakout... you gonna BUY FROM TOP... and SELL FROM BOTTOM. Meaning, placing PO a few pips above Resistance Line or Placing PO a few pips below Support Line of the Triangle. Make sure with tight SL. If it gonna be a FALSE BREAKOUT... your SL surely hit TF... use M30 and above. Below that... just NOISE.
Bro Sham,
10pips for SL.... what say you ?? I tried on UJ just now and got 15 pips... not bad for a start. Alhamdullillah FYI... I'm on mini A/C, got wiped out several times before ...abt 2K down memory lane, so got to be extra cautious with the margin. UJ gives me added assurance. will definitely want to work my way up to the other pairs.

Really appreciate your guidance and advice, Shukran !!!
  • #3,918
  • Dec 18, 2007 1:48am Dec 18, 2007 1:48am
Quoting azmanfxuss
Bro Sham,
10pips for SL.... what say you ?? I tried on UJ just now and got 15 pips... not bad for a start. Alhamdullillah... FYI... I'm on mini A/C, got wiped out several times before ...abt 2K down memory lane, so got to be extra cautious with the margin. UJ gives me added assurance. will definitely want to work my way up to the other pairs.

Really appreciate your guidance and advice, Shukran !!!
Together we GROW Small money don't go out... BIG money never come in. I blew out several acc when I was a newbie too Learn a lot since then. That's the priceless EXPERIENCE. Never repeat the mistakes again

p/s: I don't play with UJ... I don't know.
  • #3,919
  • Dec 18, 2007 2:03am Dec 18, 2007 2:03am
London just OPEN... DOWN CABLE DOWN :... Opsss the forecast for UK news are GREEN... better watch out. Right now... I am just scalping
  • #3,920
  • Dec 18, 2007 2:05am Dec 18, 2007 2:05am
wah, too busy to log in here..
seems like still a lot of ppl still doing very very well!!!
very good~~~~
earn more pips~~~~

Sham! I will be back in KL soon!!! wanna help jason in his business. when the company launched, drop by and support ya!!!!
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