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Help needed in OANDA + users from Malaysia 105 replies

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  • #10,381
  • Apr 15, 2008 11:55pm Apr 15, 2008 11:55pm
Quoting tkh33
Hi Mr Sham and all the abang adik, buzy in my business, really no time for forex. but i always read this forum whenever i am free. a lots of changes, hope can catch up with all of u . happy trading
Long time no see... Business is booming is seems Hard work... hard cash
  • #10,382
  • Apr 15, 2008 11:58pm Apr 15, 2008 11:58pm
Quoting Malaysia
Long time no see... Business is booming is seems Hard work... hard cash
hopefully la. but not in forex yet. hope one day can be like u can i ask u abt cable, it seems oversold ya, i think it may go up first before down again, what is your opinion?
  • #10,383
  • Apr 16, 2008 12:01am Apr 16, 2008 12:01am
Im targeting level 1.9480.. soon!

plus+ red news impact from UK in about 3 hours and 30 minutes....
  • #10,384
  • Apr 16, 2008 12:06am Apr 16, 2008 12:06am
tq bro

to john the word just bcoz my broken problem... "inconsistency" if i also force to write it.. the meaning will gone... http://www.forexfactory.com/images/icons/icon10.gif

to wakli, thirdeye76, n john actually for time being we are the same boat.. bear side... but i didnt sell it.. just wait the bull...

i dunno how to explain it.. from the chart my PO just at the top daily s1 with is so strong to break it....

i still take the small risk buy on daily pv bcoz my MA just nice there...

tq anyway... i will try to work on it more...http://www.forexfactory.com/images/icons/icon14.gif
  • #10,385
  • Apr 16, 2008 12:06am Apr 16, 2008 12:06am
Quoting thirdeye76
Guys,

Is it true that the "volume indicator" that a particular platform/broker has does not reflect the true volume of the overall market? (different broker - different volume projection, as inform by some friends)

Reason for question is I'm trying to get a better picture of market entry/exit by volume information (low volume-stay out, high volume-go in kinda thing)
Why you stay out with LOW VOLUME? Must know the reason...

Here is my reasoning... when LOW VOLUME... Market susceptible to MANIPULATION. Why? Just Imagine... when Low Volume... One Big Sharks/Whales suddenly placed a massive order... Market will move easily creating a spike! Then causing IMPULSE or REFLECTIVE trade... chain reaction. Dangerous because during this time... TECHNICAL and FUNDAMENTAL can be rubbish!

When normally Market having LOW VOLUME? One of the answer is during Christmas Periods... If you can... Don't trade and just enjoy the holidays. Best practice... in one year trading... take that December one month away from the Charts... have a good vacation.
  • #10,386
  • Apr 16, 2008 12:07am Apr 16, 2008 12:07am
Hi,

Im a hedging trader of EU and UC.
I would like to share my trade experience since 2 month ago.

I do lock hedging where,
Buy EU and buy UC at specific lot &
Sell EU and sell UC at specific lot.

if do only buy-buy or only sell-sell, it is called normal hedging

I only use 10% - 15% of my capital and leverage 1:200

eg. of USD1000 capital.
Buy EU 1.3 lot
Buy UC 1.3 lot

Sell EU 1.3 lot
Sell UC 1.3 lot

Wait until buy-buy or sell-sell reach 40% profit. and surely the other one will lose 40%. Close the profit eg. buy-buy and wait until sell-sell to normalised.

i have experience 40% two times this 2 month.

(this is monthly basis)

before, i do daily lock hedging and also quit interesting, ranging around 5%.
Life is Hard then you Die
  • #10,387
  • Apr 16, 2008 12:09am Apr 16, 2008 12:09am
Quoting tkh33
hopefully la. but not in forex yet. hope one day can be like u can i ask u abt cable, it seems oversold ya, i think it may go up first before down again, what is your opinion?
Quoting Malaysia
4:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Average Earnings Index +Bonus q/y ??? 3.6% 3.7%
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Claimant Count Change ??? -1.8K -2.8K
4:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Unemployment Rate ??? 5.2% 5.2%

The Bearish Momentum still strong so far... The retracement hardly reach the 1st Fibbo level (Blue)

Depending on the NEWS later. IF RED... I see the fall today can possibly down to 161.8% Fibbo Extension (yellow)... which is near Daily S2. If not... Daily S1 will be easily reached.

However, IF the News gonna be Green... I see Cable can retrace up to 50% Median (blue Fibbo)... the highest it can go is 61.8% Fibbo.

Nothing certain yet. This is just my analysis. Unexpected Surprise Factor always there... If more US company reporting losses... Cable can shoot up and testing the H4 Channel Resistant again.

T.A.Y.O.R.

Click on the link above to see the CHART
  • #10,388
  • Apr 16, 2008 12:15am Apr 16, 2008 12:15am
Quoting Malaysia
Why you stay out with LOW VOLUME? Must know the reason...

Here is my reasoning... when LOW VOLUME... Market susceptible to MANIPULATION. Why? Just Imagine... when Low Volume... One Big Sharks/Whales suddenly placed a massive order... Market will move easily creating a spike! Then causing IMPULSE or REFLECTIVE trade... chain reaction. Dangerous because during this time... TECHNICAL and FUNDAMENTAL can be rubbish!

When normally Market having LOW VOLUME? One of the answer is during Christmas Periods... If you can... Don't trade and just enjoy the holidays. Best practice... in one year trading... take that December one month away from the Charts... have a good vacation.
I'm assuming with low volume, market will be ranging/sleeping. From what i understand people lose their trousers when market is ranging.i am still new meat, dont wanna mess with the market if dont understand fully.

Want to practise with trending market first.want to know how to catch the ride before it starts.

spikes that you mention can be measured thru momentum,right?
  • #10,389
  • Apr 16, 2008 12:15am Apr 16, 2008 12:15am
Quoting cappalz
to wakli, thirdeye76, n john actually for time being we are the same boat.. bear side... but i didnt sell it.. just wait the bull...
Ok bro, no rush....Only when you are absolutely sure to trade,only then you enter....
  • #10,390
  • Apr 16, 2008 12:17am Apr 16, 2008 12:17am
Quoting Malaysia
Click on the link above to see the CHART
thank you. will do analysis. since today free for trading, hopefully can get some satisfactory.
  • #10,391
  • Apr 16, 2008 12:21am Apr 16, 2008 12:21am
wah! today feel guilty snaking from work, but feel excited at same time involve in forum.:

lucky boss not around.

different feeling when involved in discussion than to stay at sideline.
  • #10,392
  • Apr 16, 2008 12:24am Apr 16, 2008 12:24am
Quoting thirdeye76
I'm assuming with low volume, market will be ranging/sleeping. From what i understand people lose their trousers when market is ranging.i am still new meat, dont wanna mess with the market if dont understand fully.

Want to practise with trending market first.want to know how to catch the ride before it starts.

spikes that you mention can be measured thru momentum,right?
Yep... when the market is RANGING... it will be like GAMBLING. Unless you already have a clear idea from the HIGHER time frame and FUNDAMENTAL backing up where the market will go in the end.

Spike can breach certain SUPPORT and RESISTANCE and will trigger lots of TP/SL/PO. That's why we witness some IRRATIONAL move sometimes. I don't know how to measure it from MOMENTUM precisely... I just watch the PRICE ACTION from the Candle Stick formation.
  • #10,393
  • Apr 16, 2008 12:25am Apr 16, 2008 12:25am
Quoting thirdeye76
I'm assuming with low volume, market will be ranging/sleeping. From what i understand people lose their trousers when market is ranging.i am still new meat, dont wanna mess with the market if dont understand fully.

Want to practise with trending market first.want to know how to catch the ride before it starts.

spikes that you mention can be measured thru momentum,right?
I am also trying to learn how to catch the ride before it starts. It is hard as it like predicting the future. The price actions kind of tell u from the daily trend but I am just not sure so I tend to wait for the ride. By then it is kind of late and normally I take just small profit out of the ride. I have tried to set PO with proper MM but most of the time I am wrong and end up losing the trade.

I am hoping to unlearn all the mistakes I make and be patient with my trade now.

I see that some of the taiko/otai here seems to be able to set the PO at the right time and able to enjoy the ride when the trend start. I know they are taking risk as well but their experiences in this field probably give them the confident to go with the trade and reap the benefits. I hope to learn some of those skills one day.

Cheers.
  • #10,394
  • Apr 16, 2008 12:42am Apr 16, 2008 12:42am
Quoting bayanbiz
hi savant, i thought you are doing forex full time. New office means new business. right? where are your office. may be one day i can drop by....

Hi, Bayan, my new office in Puchong Kinrara now. Im doing forex full time too while doing other business. My style of trading forex doesnt require me to sit there for many hours, all i need is 2-3 hours of observation and analysis will do. All i do its i set PO entry, SL and TP . I will just leave the PO open thats all i do. So i will have plenty of time doing other things that i want.
If you want to get me, do ym or msn chat me. I will be online almost all the time.
Monthly Profit & Lost :- May - +85 pips
  • #10,395
  • Apr 16, 2008 12:45am Apr 16, 2008 12:45am
Quoting DOVOFreak
I am also trying to learn how to catch the ride before it starts. It is hard as it like predicting the future. The price actions kind of tell u from the daily trend but I am just not sure so I tend to wait for the ride. By then it is kind of late and normally I take just small profit out of the ride. I have tried to set PO with proper MM but most of the time I am wrong and end up losing the trade.

I am hoping to unlearn all the mistakes I make and be patient with my trade now.

I see that some of the taiko/otai here seems to be able to set the PO at the right time and able to enjoy the ride when the trend start. I know they are taking risk as well but their experiences in this field probably give them the confident to go with the trade and reap the benefits. I hope to learn some of those skills one day.

Cheers.

Yeah, i do PO most of the time and i have no problem many few hundred pips every week. Yesterday , my GJ PO short was at 200.30 , which the price never go more than 200.30 , so PO does work if you do the analysis wisely.
Monthly Profit & Lost :- May - +85 pips
  • #10,396
  • Apr 16, 2008 12:45am Apr 16, 2008 12:45am
I wanna share what im facing earlier this morning...

After had my futsal match, lepaking with my buddy, going home cant sleep than watch my charts on geepy...

Showing on that time, around 3am, price is already breaking previous high and already formating the formation to the downside without im realizing, US market is about to close and there will be some buying/selling pressure on each currency that usually lead for the price whether hiking up a bit or moving down..

As of usual, i place a trade for sell and lock SL around previous high.. wake up early morning, seeing red target is already appeared.. i lost my 60pips.

When im reaching office, than i realize that im ignoring the bigger TF that im already used to take a look on it 1st.. One strong resistance line still not being touch and this is the price that i paid for...

thus,

1) dont trade without proper plan
2) watch closely every end/beginning market session
3) believe in your guts in 1st move. usually it was true.. for me la.. (planning for PO previously around 199.80 when gatal2 to place on that time gak)

think.. whether u wanna mati keghah or play safe.. as of now, already rallying on geepy... alhamdulillah...
  • #10,397
  • Edited 1:05am Apr 16, 2008 12:53am | Edited 1:05am
3:30am GBP http://www.forexfactory.com/images/m...mpact_high.gif Claimant Count Change

I smell another bad UK data.. already looking for a good position in selling.. smell.. smell.. :
  • #10,398
  • Apr 16, 2008 12:53am Apr 16, 2008 12:53am
i notice cable 1 hr chart, it look like a mirror going to be form, if so, cable will go up to around 19750 before down, if GBP news in red later. this is just my opinion, any comment , Sham
  • #10,399
  • Apr 16, 2008 12:57am Apr 16, 2008 12:57am
Quoting tkh33
i notice cable 1 hr chart, it look like a mirror going to be form, if so, cable will go up to around 19750 before down, if GBP news in red later. this is just my opinion, any comment , Sham
Im kinda agreed with you, the news might be impact a lil bit but seeing the price formation, mostly on TF4H, the price should spike up instead one fine support still need to be tested..

janganlah naik dulu....
  • #10,400
  • Apr 16, 2008 1:01am Apr 16, 2008 1:01am
Quoting tkh33
i notice cable 1 hr chart, it look like a mirror going to be form, if so, cable will go up to around 19750 before down, if GBP news in red later. this is just my opinion, any comment , Sham
Opportunity to SELL FROM BOUNCE GOLD is shooting up now... sign of RISK AVERSION again... USD is weakening CABLE is RETRACING strong now... My SL just a few pips above the DAILY PIVOT. As far as CABLE stays below the Daily Pivot... BEARISH Bias Still...

1.9750 is a good figure... it's at 50% Retracement and at the Weekly Pivot as well.

Let see IF USD can regain strength or not...

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