Malaysia

Quoting joyrider

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Hi MSMSMS,

When you short using your 3 MAs, how do you know it's the right time to sell? Any technic? Likewise when you go long, how do you buy? I find that picking the tops & bottoms are dangerous but since I have no experience, that's my best bet.

I tried Sham's method of BFD & SFB, but sometimes I catch it too late (also very hard to tell if the bottom wears out and the top peaks). Been doing a lot of reading recently to catch up but need help on this. Don't know how to use trendlines but know fib.

Would you be so kind as to teach me? I'm sure there'll be others who'd like to know but feel shy and kept quiet. Sham uses stoch but my stoch and his are different. I'm using MT4 platform.

Thank you for your enlightenment.

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Quoting G33maroon

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next week after the 2nd January 2008, I think would be safe enough to resume trading. now, i think i would be on the look out for gbpusd, eurjpy and audusd. looking nice isnt it? anyway, good luck to all.

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Quoting hus7

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hi G33maroon, i like ej pair, can u share ur TA for this pair.... is it using shamx method of BB or u have ur own startegy

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Quoting jijat

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Salam n hi to all..
I currently trade with a real account registered with Liteforex. I want to withdraw my profit from this month trading but i cannot open the website ( http://www.liteforex.org ):surprised. Can somebody tell me what happen with this broker??is that because of holiday or server update or something else??because of this problem,i think i would like to open a new real account with other broker and what is the best secure and reliable broker should i register with??
after doing some research and survey online, i think of FXCM as my best next broker. should i open a real account with FXCM or can someone suggest to me other broker??i've seen FXCM advertisement in Bloomberg so i thought maybe i can trust FXCM.
Emm..bro shamx77 and other experienced traders..can u all please give me some idea about this??
salam n regard to all..tqvm

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Quoting G33maroon

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Here is an example, i pick it as it would be represent best scenario so that easier to convey what I am trying to say that day (i could not find my previous post where i try to respond to amoreconspirito post.) I believe these patterns can be found in every pairs or markets. Just train our eyes and look for it. Another thing is that the example is based on previous price action, so you can say that I can say anything I want. But most important is, please spend sometime, sit down doing nothing but observe the chart. It would be better if the chart is not cluttered with too many indicators.
So can you see the support and resistance "area"? and what I meant by let it close first and then go to next bar (using smaller time frame) to look for a best price? Look at it again and again. One of the Dow's tenet is price action determines the trend. So in uptrend we will see higher peaks and higher troughs and in down trend, we will see lower peaks with lower troughs. Technically, if we saw a first break, the first price movement that makes the break can be considered as something with a little value. It becomes valuable when it re-test (or re-test) the broken area/trend line/support or resistance area, make a new high or low and breaks it. For me, s new trend is then confirmed when it again broke that new high or low. Knowing this, if we missed the first bus, wait for the second one. Always trade big enough to profit but small enough to sustain the movement of price. Adding positions when there is a chance is preferable but up to preference. I considered putting everything you got on the table is a dangerous act, so I try not to do that. Price never moves in one straight line. Don't be afraid when the price moves against us. I'll post other example if I found one.

Next week after the 2nd January 2008, I think would be good time to resume our trading. But best to join the party after the non-farm payroll. I love to find my niche and always trade after the fighting is over. I think I would be on the look out for gbpusd, eurjpy and audusd. It looks very nice to me. Anyway, good luck to all.

Regards and thanks for all the well wishing.

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Quoting hus7

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hi G33maroon, i like ej pair, can u share ur TA for this pair.... is it using shamx method of BB or u have ur own startegy

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Quoting G33maroon

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I will love to discuss any further things about this. Looking forward to see what you think about the eurjpy too.
my regards to you.

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Quoting msmsms

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this way,

1- relax, calm down

2 - set 7sma, 20wma and 50ema on your mt4. 7 and 20 lines are to decide buy and sell. price will be nicely stacked above 7sma for uptrend and below 7sma for downtrend.

3 - 50ema is to look for current trend.

4 - to be on the safe side, if you are going to short, make sure 7 and 20 lines are below 50 line. and vice-versa for long. for extra caution, you can also long if both lines are below 50ema, but careful, target less than 50 pips. this is during price correction. monitor or set stop loss if you are not infront of your laptop. remember this is gj, mad pip pair.

if it goes 300 pips above then that is extra bonus. this only happen during news release. i had 250 pips during non farm release in august this year.

5 - if you insist to trade during correction as above, you need cci 14 for you to look for overbought and oversold. go long once price touches floor and sell once price touches ceiling of that indicator. basically, if you are not sure do not trade during correction.

6 - entry point, use 15 or 30 min chart, advisable is 30 min.

7 - analysis before entry , use 4hr and daily chart.

8 - for overall outlook : 4 hr chart and daily chart show the price goes down and 30 min chart goes up, then this is intraday correction.

9 - say : indicators show 7sma crosses 20 wma from bottom to top on 30 min chart, then this is right time to go long, place order once the first candle close above 7sma. check with 4 hr and daily chart. for short entry, vice versa. REMEMBER TO SET STOP LOSS.

10 - once you open a long position as above, then the price reverses, it goes down then look at 7 and 20 lines. if that 2 lines are still intact and doesn't cross each other and going down, do not do anything. this is small correction. hang on to that, it will go up. need patience. if it really fails, you have stop loss there. if you need to manually close, do it. there will always another train if you miss this one. manage your hard-earned cash properly.

11 - if you talk about gj, trend moves every 3 days or 1 week, careful. our aim is only to get 100 pips per trade or worst 50 pips per trade. or 300 pips a day. you can do it.

12 - for trend, all i can say is, there is no long term trend. as i mention above, it moves every 3 days, 1 week, 4 weeks.....trade what you see. i believe there is no bottom and top for gj. what i understand with bottom and top is "once price corrects and touches 20wma and it will bounce back and goes up. the bottom is 20wma for uptrend". sham is good at this.

13 - i only use those 3 ma's. i don't use stoch, macd, adx, fibonacci..... no. don't want to clutter my chart with too many oscillators and indicators.

14 - sometimes i use cci 14 if i want to trade during correction.

15 - trendline ?, i don't draw lines on my chart, my way of looking at candlesticks is, if i see 2 black candles stacking down on DAILY chart then that is downtrend. again, need our own common sense. you will decide your entry point.

16 - lastly, you need common sense to make good judgement. uncle soros is a fundamentalist, he made 5,000 pips on the day he broke the bank of england. leverage 1:10 . i don't know how much his margin. he traded dm/gbp if i not mistaken. his common sense is like us also.

that's all, have i answered all your questions ?. i suppose so.

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Quoting msmsms

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this way,

1- relax, calm down

2 - set 7sma, 20wma and 50ema on your mt4. 7 and 20 lines are to decide buy and sell. price will be nicely stacked above 7sma for uptrend and below 7sma for downtrend.

3 - 50ema is to look for current trend.

4 - to be on the safe side, if you are going to short, make sure 7 and 20 lines are below 50 line. and vice-versa for long. for extra caution, you can also long if both lines are below 50ema, but careful, target less than 50 pips. this is during price correction. monitor or set stop loss if you are not infront of your laptop. remember this is gj, mad pip pair.

if it goes 300 pips above then that is extra bonus. this only happen during news release. i had 250 pips during non farm release in august this year.

5 - if you insist to trade during correction as above, you need cci 14 for you to look for overbought and oversold. go long once price touches floor and sell once price touches ceiling of that indicator. basically, if you are not sure do not trade during correction.

6 - entry point, use 15 or 30 min chart, advisable is 30 min.

7 - analysis before entry , use 4hr and daily chart.

8 - for overall outlook : 4 hr chart and daily chart show the price goes down and 30 min chart goes up, then this is intraday correction.

9 - say : indicators show 7sma crosses 20 wma from bottom to top on 30 min chart, then this is right time to go long, place order once the first candle close above 7sma. check with 4 hr and daily chart. for short entry, vice versa. REMEMBER TO SET STOP LOSS.

10 - once you open a long position as above, then the price reverses, it goes down then look at 7 and 20 lines. if that 2 lines are still intact and doesn't cross each other and going down, do not do anything. this is small correction. hang on to that, it will go up. need patience. if it really fails, you have stop loss there. if you need to manually close, do it. there will always another train if you miss this one. manage your hard-earned cash properly.

11 - if you talk about gj, trend moves every 3 days or 1 week, careful. our aim is only to get 100 pips per trade or worst 50 pips per trade. or 300 pips a day. you can do it.

12 - for trend, all i can say is, there is no long term trend. as i mention above, it moves every 3 days, 1 week, 4 weeks.....trade what you see. i believe there is no bottom and top for gj. what i understand with bottom and top is "once price corrects and touches 20wma and it will bounce back and goes up. the bottom is 20wma for uptrend". sham is good at this.

13 - i only use those 3 ma's. i don't use stoch, macd, adx, fibonacci..... no. don't want to clutter my chart with too many oscillators and indicators.

14 - sometimes i use cci 14 if i want to trade during correction.

15 - trendline ?, i don't draw lines on my chart, my way of looking at candlesticks is, if i see 2 black candles stacking down on DAILY chart then that is downtrend. again, need our own common sense. you will decide your entry point.

16 - lastly, you need common sense to make good judgement. uncle soros is a fundamentalist, he made 5,000 pips on the day he broke the bank of england. leverage 1:10 . i don't know how much his margin. he traded dm/gbp if i not mistaken. his common sense is like us also.

that's all, have i answered all your questions ?. i suppose so.

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Quoting forex888

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Thanks for sharing your strategy, I will try to pactise it..I hope everyone here can share thier srategy..

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Quoting joyrider

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One last question, is CCI 14 better than stoch? Will try it out tomorrow. Thank you.

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Quoting hus7

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sometimes i use 1-2-3 also but will u try this, (if u use meta4 might be ez) setting EMA8 apply to close, SMA21 apply to high and SMA21 apply to low. Both SMA21 will appear like channel. Once the candle close is above sma21 high for PO buy or below sma21 low for PO sell, however ema8 shall be use to confirm the order when it is cross sma21 high for buy and sma21 low for sell. Use TF15 or TF30 to ensure but sometimes it is too late. Only recommended for EJ only... look for previous history of EJ chart

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Quoting aurorau

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oh, what a great impulse getting from you. I really don't want to pour shit right on your head, but you are giving yourself a big good slap on your face that you said this is a "PUBLIC FORUM", and yet chasing people away just out of something posted here that you feel displeased, aren't you? Oh well, I forgot, you're one of the "toe-licking" fans here, I understand how you feel.

If you're really feel pissed off by people posting something against you or your idol and asked people get out from this room, are you forgetting this is public forum? You don't own it. What I've posted here are facts about your idol, if you feel uneasy, just post something in counter, I am more than welcome.

One more thing, if you all(idol fans) are so self-contained and like to shut people out that against you in this public forum, may I suggest you set up your very own "MALAYSIA" forum, then you have the supreme rights to shut out whoever post against you guys, sounds good huh?

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Quoting regent3283

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salam kpda semua

i saw there are few messes things around..
adoi... thread ni personally to me mula tunjukkn kegagaln melayu n peoples nk bersatu
thread ni dh start jdi kelam kabut
dh start gaduh2 mulut
objektif asal bgus, tpi bila sudah ramai yg join, unsur -ve mula timbul
org declare dia bgus la, etc
agaknya umat manusia di muka bumi ni klo nk brsatu kena limited persons kot
forex ni dunia yg luas
ilmu forex luas
msg2 ada pro n contra
jadi jgn la complain yg -ve
it just piss people off
mmg ni public thread tpi jgn la kaco klo x suka
just let it rock n roll
forex ni pengadil ja
di sebalik green pips seseorang ada red pips orang lain
tpi itu bkn sebab kita nk gaduh
rezeki yg tuhan bgi kt muka bumi ni byk x terkira
penyakit hati yg slalu buat manusia tamak etc
dhla tu
jgn gaduh2
rezeki msing2
usaha lebih dapat la lebih
jgn la jdi perasit
tumoang thread org 4 musnahkn org tu

sekian trima kasih
renung2 kan lah

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