Malaysia

Quoting Malaysia

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Morning All

Rise and Shine Hummm... Cable rising UP... I am staying away from it until the IR Announcement. Maybe....

I did SHORTED GJ though. The ISM data singnalling "CONTRACTION" gonna affect Carry Trade much in my point of view. More RISK AVERSION. Target... around 207. SL 100pips TP 200pips.

QQE H1 strongly BEARISH and QQE H4 just crossed. Strongly signaling BEARISH movement for me. Technical and Fundamental saying DOWN. However, anything could happen... if only trading this easy... real fact... not that easy.




GJ did drop more ... about 100pips more since I closed my multiple SHORT entry. Duh Should have stay up the whole night... why did I sleep on opportunity.

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Quoting forexmoments

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LOL, I opened this thread thinking it was gonna be about the Malaysian economy!

Hey Malaysia, decent stuff you got going on here mate.

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Quoting Malaysia

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Early morning analysis paid off!!! GJ already breaching 61.8% Retracement on H4 chart. Multiple entry SHORT!!! Yaaaabedaaa Be Dooooooooooooo.......

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Quoting G33maroon

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sham, hope this time you get out with some pips for your gbpjpy. anyway, its becoming quiet again? fising, bro..you manage to break even and survive the gbpjpy little move just now? nasi lemak, hope i dont scare you? if i did i'll held my keyboard.

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Quoting Malaysia

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Should had taken out all profit just now. Now GJ UP 100 pips since the bottom. Already at BE on my 2nd entry. My 1st Entry still 50pips on the green. I might close all position now... ... depends...

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Quoting Malaysia

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Should had taken out all profit just now. Now GJ UP 100 pips since the bottom. Already at BE on my 2nd entry. My 1st Entry still 50pips on the green. I might close all position now... ... depends...

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Quoting savant

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Patience ... patience... thats the key. Dont worry, it (GJ) will go back to where it belongs. lol Hope so..

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Quoting G33maroon

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same here hehe gbpjpy sometimes retraced quite fast and far, wipe out entire profit during the move. but lucky me, managed to get out with 185 pips,should have got more. anyway, i think i wasted 1/3 of it to get rid of my biawak hidup, usdcad :. what do you mean by multiple entry? you break you position into few smaller one?

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Quoting savant

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Hey guys! Just came bacK from 'Jalan-Jalan'. Nice to see GJ dropping. Had double entries earlier one already out on 208.00, a nice 150pips in the bag. Im still waiting 207.30 to be hit later, another nice n profit day for us! Maybe can get at least 300 pips for today.

EJ went down too as earlier post did mention. Same as NU, all going down smoothly.

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Quoting Malaysia

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Yeah... already set my mind earlier to put 100pips at stake (gained last night) for 200pips profit. I shall stick with it.

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Quoting Malaysia

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I entered SHORT early morning. Then when GJ break Friday LOW... I SHORTED again... because surely more downward force after breaking a Strong SUPPORT. Hence, I've got 2 position SHORTED at different price. That are my multiple entries.

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Quoting savant

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Haha.. Sham u have become a GJ trader! GOOD GOOD a Guru for our GJ now!

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Quoting Malaysia

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p/s: I am just a normal trader like everybody else. Average. Like I said before... If you and I still here for 10 years to come... then we can call ourselves a GURU.

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Quoting G33maroon

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Glad you like the atm analogy hehe. sure, i share it future, not the "good" one but G33maroon's style . anyway, nothing secret as i think gave i think i gave away how i am doing it in my audnzd chart previously. Bro, please do not learn from me..i maybe wrong most of the time . but lets discuss.

you are somehow correct about the individual strategy.. some people does statistically to find this by testing and finding the optimal level to put the stop like average range etc, some just eyeball it from the chart and put at the recent low, some put a figure let say 50 pips 20 pips etc, some use dollar volality like the turtle, many style. but the question is whether it is proven that when it is "wrong"/hit, it proves you are wrong? for me simple, review your trade, see when your stop got hit,see when the price reversed, hit your stop but then did it went back to the way of your earlier trade that had been stopped? if yes, then your stop need to be reviewed. or when your stop got hit, the price went beyond your stop or consolidate, then your stop is a good stop. but if instead of a mechanism to minimise your loss, it has been a losing factor, maybe you have problem with timing (not all the ma crossover, oscillator pointing up or down etc but correct time + correct price).

regards.

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Quoting G33maroon

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okay guys, i am out of here. earlier than i think it supposed to be. see you all later.

p/s: no need to be a guru trader..a guru teach for a living. be a profitable trader, then we sell and buy risk for a living.

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Quoting Malaysia

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Yeah... for those who can't do... TEACH. We can do it. WE DO IT!!!

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Quoting savant

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True!!! Trading and making $$$ is easy while surviving long enough is the hardest part.

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