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Help needed in OANDA + users from Malaysia 105 replies

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  • #5,961
  • Jan 30, 2008 4:26pm Jan 30, 2008 4:26pm
ahah! reached the target! thanks savant for the tp target.. hehe.. 'it is just nice'
nasi lemak style! wachaaa... em, nyum nyum mamam...
  • #5,962
  • Jan 30, 2008 5:02pm Jan 30, 2008 5:02pm
does anyone know the correaltion between the gpb/jpy and the gpb/usd?
  • #5,963
  • Jan 30, 2008 6:27pm Jan 30, 2008 6:27pm
Quoting AmeriTrini
does anyone know the correaltion between the gpb/jpy and the gpb/usd?

Sorry ,not me, still learning ,too much to learn. Anyway good morning. TP was hit late late late yesterday (this morning) 200 pips profit.
Monthly Profit & Lost :- May - +85 pips
  • #5,964
  • Edited 6:54pm Jan 30, 2008 6:38pm | Edited 6:54pm
Good morning guys! Hm.. what a big drop yesterday, was relief my tp 211 hit. Still reading at today's chart. Nothing much to do now, big news for GBP around 3pm, seems like good news but who knows. Will make entry later on, mostly will c it retrace abit later 212-213.

For now, 210.30 weekly pivot is acting as a strong support . Prices reached consolidation above the 210.30 around 1 week.

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Monthly Profit & Lost :- May - +85 pips
  • #5,965
  • Jan 30, 2008 6:43pm Jan 30, 2008 6:43pm
Quoting savant
Good morning guys! Hm.. what a big drop yesterday, was relief my tp 211 hit. Still reading at today's chart. Nothing much to do now, big news for GBP around 3pm, seems like good news but who knows. Will make entry later on, mostly will c it retrace abit later 212-213.

For now, 210.30 weekly pivot is acting as a strong support .

I was watching this trade with you, and your analysis paid off!! Do you only use pivot points?
  • #5,966
  • Jan 30, 2008 6:49pm Jan 30, 2008 6:49pm
Quoting AmeriTrini
I was watching this trade with you, and your analysis paid off!! Do you only use pivot points?

Yeah, use them alot. I found out pivot is much better than fibbo. Reason why is everyone draw fibbo differently, as for pivot, not much different for one to calculate daily high, low and closing, so it will be the least different if we want to compare.
Slight different in pivot is bcoz, we all uses different brokers and price is different, closing time is different too but still the difference wont be too much. As for fibbo, i can be using data way back till 2006 ,2007 or last month and who knows... so hard to estimate. Thats my own opinion, still learning ,maybe some 'guru' out there have some better idea ,plz do tell us. :
Monthly Profit & Lost :- May - +85 pips
  • #5,967
  • Jan 30, 2008 6:55pm Jan 30, 2008 6:55pm
Quoting savant
Yeah, use them alot. I found out pivot is much better than fibbo. Reason why is everyone draw fibbo differently, as for pivot, not much different for one to calculate daily high, low and closing, so it will be the least different if we want to compare.
Slight different in pivot is bcoz, we all uses different brokers and price is different, closing time is different too but still the difference wont be too much. As for fibbo, i can be using data way back till 2006 ,2007 or last month and who knows... so hard to estimate. Thats my own opinion, still learning ,maybe some 'guru' out there have some better idea ,plz do tell us. :

Well, I use fibo. and apply it to the MAJOR trend on the high time frame and then use the fibo. again on smaller time frames like the 1hr, on the smaller trends to catch moves..... I'll apply pivots now though......THANKS!!
  • #5,968
  • Jan 30, 2008 6:59pm Jan 30, 2008 6:59pm
Quoting Babyboy
Hmm ... kinda strange... AM I too get carried away ??? looking back at early stages .. all seems rebouncing from bull... from Daily, h4 and also h1. But now everything look opposite ... and what happen was sudden trend reversal took place... which was cause by the 3 in a bed.

Hm.. babyboy u didnt do your homework? Didnt u know news was coming out this morning 3.15am? Thats why there r big movement around that time, to trade on news, its no fun. Many traders lost bcoz of news, so thats why i seldom trade on news unless im forced to ,but i guess im lucky to get off with it and 200pips.
Monthly Profit & Lost :- May - +85 pips
  • #5,969
  • Jan 30, 2008 7:01pm Jan 30, 2008 7:01pm
Quoting AmeriTrini
Well, I use fibo. and apply it to the MAJOR trend on the high time frame and then use the fibo. again on smaller time frames like the 1hr, on the smaller trends to catch moves..... I'll apply pivots now though......THANKS!!

Yeah, no harm trying but if u find anything wrong ,plz do tell us ok. We can discuss this out with others here. Let us know if u find fibbo better. Anything is possible. TQ!!!
Monthly Profit & Lost :- May - +85 pips
  • #5,970
  • Jan 30, 2008 7:04pm Jan 30, 2008 7:04pm
Quoting savant
Yeah, no harm trying but if u find anything wrong ,plz do tell us ok. We can discuss this out with others here. Let us know if u find fibbo better. Anything is possible. TQ!!!
I will study it and let you know what I think......

If you trade using multi-time frames, which do you find best?
  • #5,971
  • Jan 30, 2008 7:09pm Jan 30, 2008 7:09pm
Quoting AmeriTrini
I will study it and let you know what I think......

If you trade using multi-time frames, which do you find best?
Using pivot? All the same in any time frame otherwise i uses 30m,1h,4h,1day at least 4 charts before entering. If any doubt i would just skip and wait .
Monthly Profit & Lost :- May - +85 pips
  • #5,972
  • Edited 8:13pm Jan 30, 2008 7:13pm | Edited 8:13pm
Quoting savant
Using pivot? All the same in any time frame otherwise i uses 30m,1h,4h,1day at least 4 charts before entering. If any doubt i would just skip and wait .
I am missing the 30m chart, but I think thats what makes it so precise!! thank you!
  • #5,973
  • Jan 30, 2008 7:15pm Jan 30, 2008 7:15pm
Good Morning .. Bruder...

Thanks for the comment. Certainly missing something ... yeah true ... the news... I'm been missing that lately ... too focus on the trendline ... absolutely forgot about the news ... hmm anything more ....
Banker please return my pipins.
  • #5,974
  • Jan 30, 2008 7:20pm Jan 30, 2008 7:20pm
Quoting Babyboy
Good Morning .. Bruder...

Thanks for the comment. Certainly missing something ... yeah true ... the news... I'm been missing that lately ... too focus on the trendline ... absolutely forgot about the news ... hmm anything more ....

Nvm, u'll learn along the way. Staying too long in trade (looking at pc) is no good at all. Need to take some rest somewhere in between and scalper usually make this kind of mistake. Active scalpers tend to forget the time and big event coz tireness, they will lose all they earned in one silly mistake, so be careful.
Monthly Profit & Lost :- May - +85 pips
  • #5,975
  • Jan 30, 2008 7:59pm Jan 30, 2008 7:59pm
Quoting savant
Sorry ,not me, still learning ,too much to learn. Anyway good morning. TP was hit late late late yesterday (this morning) 200 pips profit.
Hi Savant,

Really impress with your confident. If i not wrong, your trade do rack more that 100 pips in the asian session, then it retrace back to -ve pips and the only at late late night or morning it hit your TP.

Is that means you don't adjust your SL once your trade is in the positive position?

Many times my profit run into loses is because of this. I still have the confident like yours to hold to the original SL. I use to adjust SL to BE or slight below BE when it gain 50 pips or so.

So this pair to me look profitable, but not profitable yet.

By the way, how you guy use pivot point in entering Trade or determine a trade.
  • #5,976
  • Jan 30, 2008 8:12pm Jan 30, 2008 8:12pm
Quoting Malmen
Hi Savant,

Really impress with your confident. If i not wrong, your trade do rack more that 100 pips in the asian session, then it retrace back to -ve pips and the only at late late night or morning it hit your TP.

Is that means you don't adjust your SL once your trade is in the positive position?

Many times my profit run into loses is because of this. I still have the confident like yours to hold to the original SL. I use to adjust SL to BE or slight below BE when it gain 50 pips or so.

So this pair to me look profitable, but not profitable yet.

By the way, how you guy use pivot point in entering Trade or determine a trade.
Well, for GJ , i tend to change SL from time to time if possible coz it does have crazy movement and could easily wipe out any SL. I just take out the SL if i feel confident n comfortable with the trade. Just make sure you r around if you dont set SL.

As pivot points, there r really simple and easy to read. Usually pivot point served as starting point for me. Resistance n support as guildlines plus indicators like RSI and Stoch. The combinations worked for me. Also, the use of different time frame is important. I usually use 30m,1h,4h,daily to make entry. Hope i answer your Q, Tq
Monthly Profit & Lost :- May - +85 pips
  • #5,977
  • Jan 30, 2008 8:14pm Jan 30, 2008 8:14pm
Quoting AmeriTrini
does anyone know the correaltion between the gpb/jpy and the gpb/usd?
Ameritrini,
you can go to http://www.mataf.net/en/forex/tradin...elation/table/
They have correlation for most of the pairs for different period..20 days etc. I used to play the correlation gbpjpy and chfjpy (not with gbpusd). Now i treat all pair as separate entity. It works better that way.

Savant,
Thanks you the FOMC, your slow snail nzdusd works like a charm . luckily i didnt wait till 0.8000, get out as soon as at 0.7900, if not wipe out all two days gain (entered at 0.7663). wanna join me up and down again...what do you think? hehehe.

regards.
I am bored..
  • #5,978
  • Jan 30, 2008 8:17pm Jan 30, 2008 8:17pm
Haha .. S@v@nt...

Looks like you are on high profile at the moment .... . Wanna franchise your trading system ... ??? :, I'm keeping finger cross today... Got something important to do... Meanwhile ... H@ppy tr@ding today ... my fellow countrymen... May the PIPS be with you ....
Banker please return my pipins.
  • #5,979
  • Jan 30, 2008 8:20pm Jan 30, 2008 8:20pm
Setting PO on 210.40. Long 212.40 TP SL 210.00.

R2 214.90
R1 212.80
Pivot 211.60
S1 209.50
S2 208.30

Weekly Pivot 210.30
Monthly Profit & Lost :- May - +85 pips
  • #5,980
  • Jan 30, 2008 8:28pm Jan 30, 2008 8:28pm
Quoting G33maroon
Ameritrini,
you can go to http://www.mataf.net/en/forex/tradin...elation/table/
They have correlation for most of the pairs for different period..20 days etc. I used to play the correlation gbpjpy and chfjpy (not with gbpusd). Now i treat all pair as separate entity. It works better that way.

Savant,
Thanks you the FOMC, your slow snail nzdusd works like a charm . luckily i didnt wait till 0.8000, get out as soon as at 0.7900, if not wipe out all two days gain (entered at 0.7663). wanna join me up and down again...what do you think? hehehe.

regards.
Haha.. tq G33maroon. Anyway the slow slow snail is losing direction. But i still prefer N than U and dont think its time yet to make a long entry. I wait till it goes down to 0.7700 range. Its still channeling inside its trendline nicely.

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Tq for the correlation thingy too.
Monthly Profit & Lost :- May - +85 pips
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