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Help needed in OANDA + users from Malaysia 105 replies

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  • #5,541
  • Jan 20, 2008 3:07pm Jan 20, 2008 3:07pm
3rd week in january... more to come..

where will GU heading???

my sleepy obeservation said it will do a lil bit of retracement and usually monday will shown some hint for the whole week..

im still thinking all malaysian out there is still on bed..
  • #5,542
  • Jan 20, 2008 4:23pm Jan 20, 2008 4:23pm
Quoting nasi lemak
hi zul,

may i ask u something about your GJ strategy posted on Malaysia thread?

here's the question, regarding the RSI on 30 minutes that u always mentioned on your post, did u apply trendlines on RSI itself? or maybe looking at failure of RSI making new highs or lows? or breaking those trendlines on RSI? or maybe using the RSI trendlines as support and resistance relative to the price?

actually im now fall in love with RSI after reading 'John Hayden's - Trend Determination a Quick,Accurate,and Effective Methodology' article few months ago.
where OB and OS levels will be adjusted whenever it is in uptrend and downtrend respectively.

if u have any 'uncommon' or 'unusual' strategies by using RSI, i hope u can share with me or maybe with others in Malaysia forum.

thank you for taking your time reading this 'crap'
and lastly, thanks for continuously posting the GJ strategy. it's quite useful and informative.

have a nice trade.. err.. weekend
Yo, Bro! Yeah I did apply the trendlines on the RSI to identify any early indication of the divergence, at the same time the overbought/oversold level on the price action for the trigger signal. With the combination of Moving averages it’ll gives a good trigger signal. The rest depend on individual trader how to execute the trade plan based on the trigger signal from those indicators. One thing very important when you trade, you must have trade projection based on the trigger signal/trading system that you create. By having a trade projection you’ll know your career direction in trading. Glad you already read the e-book, you don't really need to follow 100% of the set up but you can just use normal 14 period parameter with the trendlines drawing rules.For everyone I have attached the e-book on the attachment. Enjoy reading and have a nice weekend.Will post the next GBP/JPY signal on Monday!

Attached File(s)
File Type: pdf Trend_Determination.pdf   560 KB | 976 downloads
  • #5,543
  • Jan 20, 2008 8:08pm Jan 20, 2008 8:08pm
Hello R00m,

G00d M0rning, any sign for GJ to share ? Hope all gaining PIPS ... All the best
Banker please return my pipins.
  • #5,544
  • Jan 20, 2008 8:35pm Jan 20, 2008 8:35pm
Quoting Zul
Yo, Bro! Yeah I did apply the trendlines on the RSI to identify any early indication of the divergence, at the same time the overbought/oversold level on the price action for the trigger signal. With the combination of Moving averages it’ll gives a good trigger signal. The rest depend on individual trader how to execute the trade plan based on the trigger signal from those indicators. One thing very important when you trade, you must have trade projection based on the trigger signal/trading system that you create. By having a trade projection you’ll know your career direction in trading. Glad you already read the e-book, you don't really need to follow 100% of the set up but you can just use normal 14 period parameter with the trendlines drawing rules.For everyone I have attached the e-book on the attachment. Enjoy reading and have a nice weekend.Will post the next GBP/JPY signal on Monday!
hehey brother zul!

thanks for the reply. and also for your advice especially on 'trade projection'. i'll look more into that after this.

hm, for those studying RSI, here's another good read http://www.stock-charts-made-easy.co...gth-index.html (maybe good for evaluation) especially the Positive and Negative Divergence.

anyway, thanks again bro zul.
nasi lemak style! wachaaa... em, nyum nyum mamam...
  • #5,545
  • Jan 20, 2008 8:37pm Jan 20, 2008 8:37pm
Quoting Babyboy
Hello R00m,

G00d M0rning, any sign for GJ to share ? Hope all gaining PIPS ... All the best
gud morning babyboy

hehe, already shorted GJ @ 209.16..
nasi lemak style! wachaaa... em, nyum nyum mamam...
  • #5,546
  • Jan 20, 2008 8:58pm Jan 20, 2008 8:58pm
Quoting nasi lemak
gud morning babyboy

hehe, already shorted GJ @ 209.16..
Hey NL,

U lucky fellow, manage to pickup 209.16 during the morning peak... I was around during that time. My pickup was abit too low about 208.28 ... sakit hate ... not breaking 208.28... d@mn sui lah ....
Banker please return my pipins.
  • #5,547
  • Jan 20, 2008 9:05pm Jan 20, 2008 9:05pm
hello everyone,

name is mick, i've been lurking most of the time here
and just wanna say hello to everyone and thanks to sham for having this wonderful thread...

sham: how's your wife doing bro?...i hope she's feeling much better...

i tengok you guys already had like 4 gatherings...hey bila you all doing another one...i really want to join...i dont know anyone else trading forex (which i started almost a year ago)

i'm not trading full time as i work in the day but i'm really impressed at you guys here...doing live calls and trading it live...

neways, hope you guys have a good pipping day although it's moody monday...and hope to meet you guys soon...

cheers,
mick
  • #5,548
  • Jan 20, 2008 9:29pm Jan 20, 2008 9:29pm
Hopefully the cafe could open soon. Nice to have a place where all traders hang out and discuss on strategy. It will be a good place for newbie to learn. Newbie like me.

Here in Kota Kinabalu there are groups of people that is doing the same but unfortunately there come and go so fast. Seems like forex is not very profitable to them.

Even if there is someone who manage to stay in forex for a long time, they will be unseen. They trade by themselves and do not share their knowledge. Who would want to share something that you have worked so hard to achieve and give it to someone else for an overnight success. Not me. Ive been here for 625 days. Sorry to say, I may give some but not all of it.

Currently Im doing final testing on my system. Forward testing on demo account till April. Do visit my blog for more information since I am not allowed to post links in here. Banned twice already.

For all you new people, this is not a good place to be and a bad start if you are looking for short term gains. Its a long shot but its worth every second coz once you figure it out you will be among the elite group of people. There is where I want to be and hopefully I can be
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  • #5,549
  • Jan 20, 2008 10:04pm Jan 20, 2008 10:04pm
Quoting impianaku
hello everyone,

name is mick, i've been lurking most of the time here
and just wanna say hello to everyone and thanks to sham for having this wonderful thread...

sham: how's your wife doing bro?...i hope she's feeling much better...

i tengok you guys already had like 4 gatherings...hey bila you all doing another one...i really want to join...i dont know anyone else trading forex (which i started almost a year ago)

i'm not trading full time as i work in the day but i'm really impressed at you guys here...doing live calls and trading it live...

neways, hope you guys have a good pipping day although it's moody monday...and hope to meet you guys soon...

cheers,
mick

Hi, welcome mick, nice to c new ppl posting, and hopefully we get to meet in our next gathering. I think it should be at Sham's place. We will set a date once sham is ready.
Monthly Profit & Lost :- May - +85 pips
  • #5,550
  • Jan 20, 2008 10:16pm Jan 20, 2008 10:16pm
Quoting greengo
Hopefully the cafe could open soon. Nice to have a place where all traders hang out and discuss on strategy. It will be a good place for newbie to learn. Newbie like me.

Here in Kota Kinabalu there are groups of people that is doing the same but unfortunately there come and go so fast. Seems like forex is not very profitable to them.

Even if there is someone who manage to stay in forex for a long time, they will be unseen. They trade by themselves and do not share their knowledge. Who would want to share something that you have worked so hard to achieve and give it to someone else for an overnight success. Not me. Ive been here for 625 days. Sorry to say, I may give some but not all of it.

Currently Im doing final testing on my system. Forward testing on demo account till April. Do visit my blog for more information since I am not allowed to post links in here. Banned twice already.

For all you new people, this is not a good place to be and a bad start if you are looking for short term gains. Its a long shot but its worth every second coz once you figure it out you will be among the elite group of people. There is where I want to be and hopefully I can be
For all you new people, this is not a good place to be and a bad start if you are looking for short term gains. Agree and disagree.

Agree - Not for those who want a quick fix and earn fast money, forex is not the place where one can just come in n make money. As i said b4, u learn hard in forex or u'll never learn anything. Learn hard = buring some demo or mini accounts and its all about live trading, if u never do live ,u'll never learn.

Disagree - This is a good place for everyone, as for me, im newbie ,and who doesnt start as newbie? There is so many places to learn forex but i found out this is one of the best place to learn it coz we have all kinds of ppl here sharing, and we have many that are willing to share here whether its right or wrong. I think i wouldnt stay in forex if i didnt find this forum, it helped me alot in my knowledge and from here i also found out other useful tools and website. The best is Malaysian for Malaysian, 'Belajarlah Ajaran Malaysian' = 'Belilah Buatan Malaysia' , we dont hide anything among ourself and we all r free to voice out what we know and share it ,helping each other. This is the best site.
Monthly Profit & Lost :- May - +85 pips
  • #5,551
  • Jan 20, 2008 10:21pm Jan 20, 2008 10:21pm
Good morning/afternoon eveyrbody! Market is quite slow early of the week and have to be patient to trade....
Waiting for the best price to enter the market and hopefully enough to meet my target......50 pips per day!!

Cheers!
May God blessing all of you!
  • #5,552
  • Jan 20, 2008 10:24pm Jan 20, 2008 10:24pm
Shorted GJ 208.65, SL 209.00 TP 207.95

Pivot 209.05
S1 208.75
S2 208.33
S3 208.00

1 trade for today, if lose, no more trade for today. Take a rest

Btw, going long on NU, position on 0.7650 and another at 0.7590. Target is 0.7850. Just hold it until it reach target, make sure u have enough margin.Good luck.
Monthly Profit & Lost :- May - +85 pips
  • #5,553
  • Jan 20, 2008 11:11pm Jan 20, 2008 11:11pm
Quoting savant
Shorted GJ 208.65, SL 209.00 TP 207.95

Pivot 209.05
S1 208.75
S2 208.33
S3 208.00

1 trade for today, if lose, no more trade for today. Take a rest

Btw, going long on NU, position on 0.7650 and another at 0.7590. Target is 0.7850. Just hold it until it reach target, make sure u have enough margin.Good luck.
Yo S@v@nt,

I'm still looking for the uptrend indicator ... If that's falls on my daily TA, hehe
I'm planning to climb for the whole week ...
Banker please return my pipins.
  • #5,554
  • Jan 20, 2008 11:24pm Jan 20, 2008 11:24pm
Quoting savant
For all you new people, this is not a good place to be and a bad start if you are looking for short term gains. Agree and disagree.

Agree - Not for those who want a quick fix and earn fast money, forex is not the place where one can just come in n make money. As i said b4, u learn hard in forex or u'll never learn anything. Learn hard = buring some demo or mini accounts and its all about live trading, if u never do live ,u'll never learn.

Disagree - This is a good place for everyone, as for me, im newbie ,and who doesnt start as newbie? There is so many places to learn forex but i found out this is one of the best place to learn it coz we have all kinds of ppl here sharing, and we have many that are willing to share here whether its right or wrong. I think i wouldnt stay in forex if i didnt find this forum, it helped me alot in my knowledge and from here i also found out other useful tools and website. The best is Malaysian for Malaysian, 'Belajarlah Ajaran Malaysian' = 'Belilah Buatan Malaysia' , we dont hide anything among ourself and we all r free to voice out what we know and share it ,helping each other. This is the best site.
Ghee... I know one thing .... Never go live account will never learn... . Burning pips is one things ... but reducing burning pips is another things. : I'm still burning and slowly reducing my burning pips. I'm opting for intraday strategy. But at the same time looking for long term trade as well.

Trading with demo, make our life easier coz you dont sweat and heart attack when the pip swinging higher or lower. Under unforeseen circumstances, you will have different feeling when trading live. If you dont overcome such fear or problem, you will be losing out. If that the case, think twice. There's no easy money.

As for me, I'm beginning to learn more & more with the help of our fellow countrymen here and I'm really appreciate and enjoy the sharing with them (All gurus here). So we'll wait till SHAM cafe open, then we can there.
Banker please return my pipins.
  • #5,555
  • Jan 20, 2008 11:52pm Jan 20, 2008 11:52pm
Quoting savant
Hi, welcome mick, nice to c new ppl posting, and hopefully we get to meet in our next gathering. I think it should be at Sham's place. We will set a date once sham is ready.

cheers bro...will do...looking forward to it
  • #5,556
  • Jan 21, 2008 12:13am Jan 21, 2008 12:13am
Quoting Babyboy
Ghee... I know one thing .... Never go live account will never learn... . Burning pips is one things ... but reducing burning pips is another things. : I'm still burning and slowly reducing my burning pips. I'm opting for intraday strategy. But at the same time looking for long term trade as well.

Trading with demo, make our life easier coz you dont sweat and heart attack when the pip swinging higher or lower. Under unforeseen circumstances, you will have different feeling when trading live. If you dont overcome such fear or problem, you will be losing out. If that the case, think twice. There's no easy money.

As for me, I'm beginning to learn more & more with the help of our fellow countrymen here and I'm really appreciate and enjoy the sharing with them (All gurus here). So we'll wait till SHAM cafe open, then we can there.

Dude,

agreed with that to a certain extent

just my humble opinion and from quite limited trading experience, when i started with demo...even with losses i dont feel it...there's not real pinch...
the feelings you get while trading demo is no where near when you trade live...(even with small account)...no one in their right mind likes to lose...but you have to equip yourself psychologically and emotionally...and i can't find a better way to do it than to go live with a small account.

only when i started with a live account, i truly knew what trading means,...every bit of it ,...the psychological experience, emotions, the anxiety, nervousness...oh yeah and the fingernails...

i couldnt really sleep the first week or so while trading and my eyes were practically glued on the monitor...

although it was a gruelling time, i felt i really benefited from that experience...trading is one activity that will allow you to get to know 'YOURSELF' hell a lot better...

so i mean if you have a decent system or plan...(which i've seen you have one here on this thread)....go live after 1-2 months with some degree of success...now with all those pip per unit brokers...it's really feasible...trading live also really tests your "REAL" discipline.

yeah...i'm looknig to meet everyone here...kinda lonely and no one to talk to when trading ...see you guys soon

cheers,
mick
  • #5,557
  • Jan 21, 2008 12:30am Jan 21, 2008 12:30am
Quoting impianaku
Dude,

agreed with that to a certain extent

just my humble opinion and from quite limited trading experience, when i started with demo...even with losses i dont feel it...there's not real pinch...
the feelings you get while trading demo is no where near when you trade live...(even with small account)...no one in their right mind likes to lose...but you have to equip yourself psychologically and emotionally...and i can't find a better way to do it than to go live with a small account.

only when i started with a live account, i truly knew what trading means,...every bit of it ,...the psychological experience, emotions, the anxiety, nervousness...oh yeah and the fingernails...

i couldnt really sleep the first week or so while trading and my eyes were practically glued on the monitor...

although it was a gruelling time, i felt i really benefited from that experience...trading is one activity that will allow you to get to know 'YOURSELF' hell a lot better...

so i mean if you have a decent system or plan...(which i've seen you have one here on this thread)....go live after 1-2 months with some degree of success...now with all those pip per unit brokers...it's really feasible...trading live also really tests your "REAL" discipline.

yeah...i'm looknig to meet everyone here...kinda lonely and no one to talk to when trading ...see you guys soon

cheers,
mick
Ghee Mick,

I can still recall the live trading when I'm new ... . All the burning pips are when I'm sticking at the d@mn monitor ... All your mentions are really big burden. When I put entry tp and sl, and d@mn better go to sleep ... know what, I'm recovering my pips ... but not for long till all the things comes back and hit me again ... d@mn . Just have to keep on practise, practise and practise.... If I'm not confident, I'm using my demo. But If I'm confident, I'll swap with my live acct. That's my day life now .... haha
Sticking to the chart .... d@mn make my eyes tiring more .....
Banker please return my pipins.
  • #5,558
  • Edited 1:05am Jan 21, 2008 12:49am | Edited 1:05am
Quoting savant
Shorted GJ 208.65, SL 209.00 TP 207.95

Pivot 209.05
S1 208.75
S2 208.33
S3 208.00

1 trade for today, if lose, no more trade for today. Take a rest

Btw, going long on NU, position on 0.7650 and another at 0.7590. Target is 0.7850. Just hold it until it reach target, make sure u have enough margin.Good luck.
+70 pips for today, might be back later with one or two trades with tight tight SL. Anyway , my other charts (30m,1h,4h and 1day)indicates a chance of GJ reaching 203 range within this one or 2 days. Strong support at the 207.55 range, if it breaks 207.50 i would go short again. Target is 206.20 with 50 pips SL.
Monthly Profit & Lost :- May - +85 pips
  • #5,559
  • Jan 21, 2008 1:08am Jan 21, 2008 1:08am
Quoting savant
+70 pips for today, might be back later with one or two trades with tight tight SL. Anyway , my other charts (30m,1h,4h and 1day)indicates a chance of GJ reaching 203 range within this one or 2 days. Strong support at the 207.55 range, if it breaks 207.50 i would go short again. Target is 206.20 with 50 pips SL.
Hehe FR: 35pip on GJ.

First wave ended. Waiting for entry at second wave. target 30pips again.
Confirm breaking 207.50, my target at 207.04 according to my fibbo.
Banker please return my pipins.
  • #5,560
  • Jan 21, 2008 1:32am Jan 21, 2008 1:32am
Quoting savant
+70 pips for today, might be back later with one or two trades with tight tight SL. Anyway , my other charts (30m,1h,4h and 1day)indicates a chance of GJ reaching 203 range within this one or 2 days. Strong support at the 207.55 range, if it breaks 207.50 i would go short again. Target is 206.20 with 50 pips SL.
Hey Savant, price broke 207.50 now. What would be your entry price if I may ask?
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