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Help needed in OANDA + users from Malaysia 105 replies

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  • #10,721
  • Apr 17, 2008 11:32pm Apr 17, 2008 11:32pm
Quoting zess
hello Sham,wakli, & to all fellow traders....like you all said, today it's Friday = Profit Taking Day....i also want some profit mah!!!
Hello Zess!!! not only you,all of us want it...No problem since the pie is too big to be eaten by one person only...heheheh
  • #10,722
  • Apr 17, 2008 11:36pm Apr 17, 2008 11:36pm
Quoting wakli
No la bro....tried hedging before but i think its not for me....As for my trading,not always on winning trail but tried to make sure I minimize the loss...I always put sl no matter what....Also money management...Anyway still learning bro....

http://www.forexfactory.com/images/icons/icon10.gif We all are learning here. Many people, many ideas, many systems. Choose what u r comfortable with.

I'm out of market. Close EU/CH @ 1.5979 just now. Got + 20 pips. Good start for the day. Ready for Jumaat Prayer.

C u all later. Good luck.
  • #10,723
  • Apr 17, 2008 11:46pm Apr 17, 2008 11:46pm
Quoting vijayshantid
Whether you are trading a standard or a mini account, as you are still new and just starting, stay away from gbp/jpy. To trade gbp/jpy you need a sizeable amount of liquidity and it can wipe out accounts in 30 seconds and many traders believe they can make a huge amount of money from gbp/jpy but sadly the reverse is very true often. Try trading the major and slower moving pairs that are easier to study and analyse. The one who emerges as a winner is not the one who think he can make money from fast moving pair but the one who manages his money and above all manages his mind. Also remember to hols gbp/jpy is not an easy thing as the premium is rather very high. The best way to trade gbp/jpy is not trading it everyday. but be patient and follow it when it reaches rock bottom and bottoms out you will see definite signs of a bullish turn often very nicely indicated by elliot Wave, put in your position and ride the way either up or down and you will make really good money. Thats what I did I waited till it reached 240 are and i shorted it and waited patiently as all analysis indicated 195 where I tp. Now again I wait patiently for it t drop and see if i can take the next train up north. try eur/usd and usd//chf, you will be amazed how well you can do. Remember ROME was not built in one day. All the best.

great advice!great advice from all you guys out there.

shoulda gotten involve earlier in this thread! definitely would have reduced my "tuition fees".
  • #10,724
  • Apr 17, 2008 11:47pm Apr 17, 2008 11:47pm
Quoting wakli
Hello Zess!!! not only you,all of us want it...No problem since the pie is too big to be eaten by one person only...heheheh
That's true...sharing is caring...

ok guys...i'm going out for FRIDAY PRAYER....see u guys later...bye Sham,wakli & abanglong....
  • #10,725
  • Apr 17, 2008 11:49pm Apr 17, 2008 11:49pm
Quoting abanglong
http://www.forexfactory.com/images/icons/icon10.gif We all are learning here. Many people, many ideas, many systems. Choose what u r comfortable with.

I'm out of market. Close EU/CH @ 1.5979 just now. Got + 20 pips. Good start for the day. Ready for Jumaat Prayer.

C u all later. Good luck.
Yeah agree with you...Choose system that suits your style....I'm off now for friday prayer...See you all later....
  • #10,726
  • Apr 18, 2008 12:03am Apr 18, 2008 12:03am
TF H4, Triangle formed.

Coincidental at 1.5900 (previous week high zone), also round numbers.
Channel up.

Going long.

PO 1.5900
TP 1.5990
SL 1.5870

Risk:reward - 30:90 (1:3) good odds for a trade.

discussion sake - what do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 18th april 2008.gif Size: 21 KB
  • #10,727
  • Apr 18, 2008 1:18am Apr 18, 2008 1:18am
Hi
cable gonna today to test monthly pivot @ 1.9982 and there is daily resistanse @ 1.9992 if broken we will see cable going to 2.0077 then 2.0125
  • #10,728
  • Apr 18, 2008 1:26am Apr 18, 2008 1:26am
Spike UP! Green Euro News! Will UNHEDGE at 1.9980 area... Hedge again IF brake 2.0000. I'm stuck! This is madness... just because of Rumors... Strange... Most of the times Important News also DON'T do this... almost 300pips UP within 24hrs with only tiny tiny Retracement. :surprised
  • #10,729
  • Apr 18, 2008 1:28am Apr 18, 2008 1:28am
Quoting Malaysia
Spike UP! Green Euro News! Will UNHEDGE at 1.9980 area... Hedge again IF brake 2.0000. I'm stuck!
same 2 me : (
my sell stuck on EURUSD maybe i will cut loss after
  • #10,730
  • Apr 18, 2008 1:31am Apr 18, 2008 1:31am
Quoting Malaysia
Spike UP! Green Euro News! Will UNHEDGE at 1.9980 area... Hedge again IF brake 2.0000. I'm stuck!
But euro lost steam quickly. Doesn't seem to be moving. Might stablize and go back to 1.5900 as it was before. What do you think. I am a newbie and don't know anything.
Expected the unexpected
  • #10,731
  • Apr 18, 2008 1:34am Apr 18, 2008 1:34am
One valuable lesson since Yesterday... For CABLE.

No NEWS means Good News Just go with the rumors.
  • #10,732
  • Apr 18, 2008 1:35am Apr 18, 2008 1:35am
There is a bearish harmonic pattern on Cable (4H/1H)
Trade what you see, not what you think.
  • #10,733
  • Apr 18, 2008 1:36am Apr 18, 2008 1:36am
Quoting scyang
But euro lost steam quickly. Doesn't seem to be moving. Might stablize and go back to 1.5900 as it was before. What do you think. I am a newbie and don't know anything.
Wait for LONDON Session... opening at 3pm Malaysia time for real action.... more volatility. Just hawk eyes on the Price Action. Possible Shooting Star
  • #10,734
  • Apr 18, 2008 1:37am Apr 18, 2008 1:37am
Quoting scyang
But euro lost steam quickly. Doesn't seem to be moving. Might stablize and go back to 1.5900 as it was before. What do you think. I am a newbie and don't know anything.

locked in +25 pips, letting it ride to test previous high of 1.5900 zone. after that dunno. keeping fingers crossed.
  • #10,735
  • Apr 18, 2008 1:39am Apr 18, 2008 1:39am
Quoting thirdeye76
locked in +25 pips, letting it ride to test previous high of 1.5900 zone. after that dunno. keeping fingers crossed.
Did you jump in on the upward ride? What price did you get in? Anyway, congrats to you.
Expected the unexpected
  • #10,736
  • Apr 18, 2008 1:44am Apr 18, 2008 1:44am
Quoting Malaysia
One valuable lesson since Yesterday... For CABLE.

No NEWS means Good News Just go with the rumors.
Yep!!!Just buy the rumour.....
  • #10,737
  • Apr 18, 2008 1:46am Apr 18, 2008 1:46am
Cable heading towards 2.0040
  • #10,738
  • Apr 18, 2008 1:51am Apr 18, 2008 1:51am
Quoting scyang
Did you jump in on the upward ride? What price did you get in? Anyway, congrats to you.

post 10728.

i was actually quite lucky.was reading the post from vijayshantid bout trying lesser volatile pairs to trade for new meat(i mean newbie).

then did the analysis accordingly.found something interesting & good trading odds.

thank you vijayshantid!
  • #10,739
  • Apr 18, 2008 1:58am Apr 18, 2008 1:58am
Quoting vijayshantid
Cable heading towards 2.0040
Perhaps towards the MONTHLY Pivot 1st which is also around Daily R1 area. Then Retracement... then only up to 2.0040 Retracement is overdue

Attached Image (click to enlarge)
Click to Enlarge Name: chart1152.PNG Size: 53 KB
  • #10,740
  • Apr 18, 2008 1:58am Apr 18, 2008 1:58am
Quoting thirdeye76
post 10728.

i was actually quite lucky.was reading the post from vijayshantid bout trying lesser volatile pairs to trade for new meat(i mean newbie).

then did the analysis accordingly.found something interesting & good trading odds.

thank you vijayshantid!

The Forex market is so huge, so by helping one another we get good karma and there is plenty for everyone to make so share what we have. Glad you are doing well. Along the way there will be hiccups but remember be patient and tight money management. All the best. Cheers.
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