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Help needed in OANDA + users from Malaysia 105 replies

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  • #7,821
  • Feb 21, 2008 6:18am Feb 21, 2008 6:18am
Closing my GJ long at 211.75. So 75 pips profit. Lost 60 pips earlier but still overall +15pips for today. No more trading later... will wait till tomorrow. Market uncertain now, scary. Better go out and drink coffee. LOL see you guys later.
Monthly Profit & Lost :- May - +85 pips
  • #7,822
  • Feb 21, 2008 7:20am Feb 21, 2008 7:20am
hi guys...just my personal preview in gj...retrace...now is see..
if not break high price...gj want hit fibo level 23.6(211.20) , 38.2 & 50...(210.22)..can gj retrace...211.20 is ideal price to hit now...gud luck: just my 2 sent opinion..trust your indi
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  • #7,823
  • Feb 21, 2008 7:36am Feb 21, 2008 7:36am
Pictures of thousands words. You'll get from what you see. Wrong interpretation.. you'll lose
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  • #7,824
  • Feb 21, 2008 7:41am Feb 21, 2008 7:41am
I just SHORTED exactly at 61.8% Fibbo.... SCALPING for possible price correction from the surge UP This kind of trade very RISKY since it's against the momentum.

Safer side... BUY FROM DIP if Cable stays above the Daily Pivot (US Session)... Patience is needed. Might Break the Channel Resistance. If Fail to break it.... I'll be Lucky of Shorting from Top. I'll place a tight SL.
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  • #7,825
  • Feb 21, 2008 9:05am Feb 21, 2008 9:05am
Quoting Malaysia
I just SHORTED exactly at 61.8% Fibbo.... SCALPING for possible price correction from the surge UP This kind of trade very RISKY since it's against the momentum.

Safer side... BUY FROM DIP if Cable stays above the Daily Pivot (US Session)... Patience is needed. Might Break the Channel Resistance. If Fail to break it.... I'll be Lucky of Shorting from Top. I'll place a tight SL.
Placing SL at BE... and TP at a few pips above 38.2% Fibbo retracement (around Pivot Point).

Got to SLEEP now... not enough sleep last night.

Nite nite everyone... See ya la'er alliga'or!!!
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  • #7,826
  • Feb 21, 2008 9:28am Feb 21, 2008 9:28am
GJ maybe will hit fibo 50%.. Wait next 3~ 4 hrs b4 shoot up bullish. and now
go to sleep..
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  • #7,827
  • Feb 21, 2008 11:18am Feb 21, 2008 11:18am
hi guys...just my personal preview in gj...retrace...now is see..
if not break high price...gj want hit fibo level 23.6(211.20) , 38.2 & 50...(210.22)..can gj retrace...211.20 is nice price to hit now...gud luck:
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  • #7,828
  • Feb 21, 2008 4:33pm Feb 21, 2008 4:33pm
Quoting codox
GJ maybe will hit fibo 50%.. Wait next 3~ 4 hrs b4 shoot up bullish. and now
go to sleep..
codox my friend, hope you dont mind if i just want to say a...little bit about your chart..purpose is to share not picking on somebody..i think you have your channel is not very "nicely drawn"..of course drawing lines/channel/patterns are at the eye of the beholder but there are rules and twists to observe. a channel should accommodate the zigzag within it..in upward channel, all the ascending highs and ascending lows..in downward channel, all descending highs and lows. connect it with two trendlines. look at our friend cum sifu besar ( just pulling your leg hehe), sham's chart above..look at his channel. how it was drawn. hehe hope i am saying this nice enough and not offending you. if yes, ignore me..

regards.

p/s: you delete everything confidential about your account but you forgot to delete account number at the bottom (task bar..is that what we call it?)
I am bored..
  • #7,829
  • Feb 21, 2008 7:58pm Feb 21, 2008 7:58pm
Good Morning ,

Weaky weaky.... It's FRIDAY Profit taking DAY!!!

Geppy stays firmly above Daily Pivot (Asian Session)... I did LONG .... Bias still to the BULL.

This is FRIDAY... I am expecting Roller Coaster.... Up Down large range... preparing myself to go both ways.
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  • #7,830
  • Feb 21, 2008 8:13pm Feb 21, 2008 8:13pm
Quoting Malaysia
Got the CS shadow breaching 50% Retracement 61.8% to come... 100% even better... but not today... need more GREEN news from UK. Remember... for CABLE... average around 100 to 200 pips movement in a day. More than that... RARELY happen.

Quoting Malaysia
I just SHORTED exactly at 61.8% Fibbo.... SCALPING for possible price correction from the surge UP This kind of trade very RISKY since it's against the momentum.

Safer side... BUY FROM DIP if Cable stays above the Daily Pivot (US Session)... Patience is needed. Might Break the Channel Resistance. If Fail to break it.... I'll be Lucky of Shorting from Top. I'll place a tight SL.


Quoting Malaysia
Placing SL at BE... and TP at a few pips above 38.2% Fibbo retracement (around Pivot Point).

Got to SLEEP now... not enough sleep last night.

Nite nite everyone... See ya la'er alliga'or!!!

As predicted yesterday... CABLE is heading towards 100% Retracement now.... will it break the Ceiling?

I said very Risky to go AGAINST the momentum... I did the opposite thing by SHORTing last night for SCALPING... did get GREEN pips more than 30pips. That was and accurate Entry. However, I was GREEDY. Should have Bank in the profit before I went to bed. I let it float.... and guess what? Hit the SL. Lucky... Lucky... SL at BE... BREAK EVEN. No win Nor Lose

On the DAILY CHART... CABLE already penetrate the CHANNEL RESISTANCE... and a new candle is forming nicely above it. STRONG BULL BIAS.... I am favoring BUY FROM DIP strategy for this pair.

Unless there will be NEWS that can cause CABLE to REVERSE down again.
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  • #7,831
  • Feb 21, 2008 8:34pm Feb 21, 2008 8:34pm
Quoting Malaysia
Good Morning ,

Weaky weaky.... It's FRIDAY Profit taking DAY!!!

Geppy stays firmly above Daily Pivot (Asian Session)... I did LONG .... Bias still to the BULL.

This is FRIDAY... I am expecting Roller Coaster.... Up Down large range... preparing myself to go both ways.
Saw this CS forming on M15... STOCH curving down... I just click CLOSE button. Bank in Profit for 30pips for starting of the day. Will make another Entry again.
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  • #7,832
  • Feb 21, 2008 8:51pm Feb 21, 2008 8:51pm
i didn't go long enough cable last night.....20pips only..

where's baby boy right now?....
Patience is virtue
  • #7,833
  • Feb 21, 2008 8:57pm Feb 21, 2008 8:57pm
Quoting totally
i didn't go long enough cable last night.....20pips only..

where's baby boy right now?....
Yeah... I noticed that... every time I am active on this thread... he just gone silence If I am on vacation... he's dominating the thread. Perhaps... he's on vacation now
  • #7,834
  • Feb 21, 2008 8:59pm Feb 21, 2008 8:59pm
Quoting totally
i didn't go long enough cable last night.....20pips only..

where's baby boy right now?....
As for me... Risk Management analysis. It's a lot RISKIER to SHORT this pair now rather than to go LONG.

Already breaking CHANNEL on Daily chart. The way I see it... It's a lot safer to be patience... just let for it to retrace... then BUY FROM DIP.

This is my PLAN from my own analysis.

T.A.Y.O.R >>>> Trade at your own risk.

p/s: Savant did edit A.Y.O.R become T.A.Y.O.R >>> I like the sound of it Cheers Savant
  • #7,835
  • Feb 21, 2008 9:00pm Feb 21, 2008 9:00pm
is there any more room for the euro to go up tonight? im long since 4625 and am wondering if i should bank or let it ride?
  • #7,836
  • Feb 21, 2008 9:16pm Feb 21, 2008 9:16pm
Quoting slappy
is there any more room for the euro to go up tonight? im long since 4625 and am wondering if i should bank or let it ride?
It has been a long time I haven't trade FIBER. You've got a nice Long Entry there. Congratulation

Looking at the Daily chart and Hourly chart.... hmmmmm.... Critical. There's an option of placing a Trailing Stop. The problem is ... how many pips you are willing to put at stake for targeting Fiber HIGHER than it is now.

I don't know if your are Long Term trader or Intraday trader. Both have different strategy. For intraday... Bank in profit regularly for Capital Appreciation... and then make an entry again. If Bull... Buy from dip... If Bear... Sell from Bounce. Oh well... that is me and my strategy.

Just follow your own strategy.
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  • #7,837
  • Feb 21, 2008 9:21pm Feb 21, 2008 9:21pm
agree with you sham....regrets is for 'before' not 'later'...:

erm...likes to go 23.6 before swing upward...just a guess
...but i'm still stay out a while...
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Patience is virtue
  • #7,838
  • Feb 21, 2008 9:35pm Feb 21, 2008 9:35pm
Quoting totally
agree with you sham....regrets is for 'before' not 'later'...:

erm...likes to go 23.6 before swing upward...just a guess
...but i'm still stay out a while...
I hope you don't mind I do commentary on your chart with a few editing on it

Looking at the STOCH indi... see that? Eventhough it had touched the ceiling previously but the BULL still manage to go UP higher (more than 100pips). Just a fruit of thought. Seeing can be deceiving sometimes.
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  • #7,839
  • Feb 21, 2008 9:41pm Feb 21, 2008 9:41pm
Quoting Malaysia
I hope you don't mind I do commentary on your chart with a few editing on it

Looking at the STOCH indi... see that? Eventhough it had touched the ceiling previously but the BULL still manage to go UP higher (more than 100pips). Just a fruit of thought. Seeing can be deceiving sometimes.
em...right...stoich 11, 5, 5 sometimes swing perfectly on tf5 and tf15...uj swing perfectly yesterday...good scalping for me...for sometimes
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Patience is virtue
  • #7,840
  • Feb 21, 2008 9:48pm Feb 21, 2008 9:48pm
Quoting totally
em...right...stoich 11, 5, 5 sometimes swing perfectly on tf5 and tf15...uj swing perfectly yesterday...good scalping for me...for sometimes
Nice Sharing of info there


After seeing CS formation on M15 and Stoch curving up... I did LONG also but on Geppy ... already on the GREEN now
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