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Help needed in OANDA + users from Malaysia 105 replies

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  • #12,161
  • May 6, 2008 5:23pm May 6, 2008 5:23pm
salamz sham
mornin everyone

need to confirm how you enter short on EU ..
1st = shooting start cs pattern
2nd = bear cs
and the 3rd cs u go for short .
correct me if im wrong ..
thanks ..

pip_scalper


Quoting Malaysia
Updating the Daily Pivot.

Shooting Star... confirmed by Bearish CS... Broke FLAG Formation... plus H1 CS closed below the Daily Pivot.

Almost all technical bias on the BEAR with this pair.

T.A.Y.O.R!!!

  • #12,162
  • May 6, 2008 5:30pm May 6, 2008 5:30pm
Quoting pip_scalper
salamz sham
mornin everyone

need to confirm how you enter short on EU ..
1st = shooting start cs pattern
2nd = bear cs
and the 3rd cs u go for short .
correct me if im wrong ..
thanks ..

pip_scalper
Wa'alaikumSalam,

Normally what I do is... Every time I see a shooting star CS I'll straight away make an entry with SL a few pips above the High (Shadow). Then If the SS CS confirmed by the next bearish CS... I make another Entry. That is me... some times get burned with a False Signal.

Save side... better wait for confirmation to make an entry. First... Signal by the CS... 2nd... being confirmed by the next CS... 3rd... make an Entry.

p/s: I did that EU Entry last night after I ter "woke" up in the middle of the night since I slept too early. :blushing:
  • #12,163
  • May 6, 2008 5:30pm May 6, 2008 5:30pm
Morning guys!!!!I guess a lot of people making tons of pips yesterday....Lets hope today will be the same....
  • #12,164
  • May 6, 2008 5:33pm May 6, 2008 5:33pm
Quoting Malaysia
Wa'alaikumSalam,

Normally what I do is... Every time I see a shooting star CS I'll straight away make an entry with SL a few pips above the High (Shadow). Then If the SS CS confirmed by the next bearish CS... I make another Entry. That is me... some times get burned with a False Signal.

Save side... better wait for confirmation to make an entry. First... Signal by the CS... 2nd... being confirmed by the next CS... 3rd... make an Entry.
May I ask you at what price you got in eurusd? What is your tp level?
Expected the unexpected
  • #12,165
  • May 6, 2008 5:35pm May 6, 2008 5:35pm
Quoting Malaysia
Anyone SHORTed EU? I went SHORT after the Shooting Star confirmed by Bearish CS. Now even better with the FLAG Formation broke downside.

T.A.Y.O.R!!!
Hi Malaysia
i'm short with u, but i'm short diz morning acctually wanna go short last nite, but i don't want to overtrading and overconfident..scared to loss again and last week i was margin call coz overconfident

PS: what ur target short on EURUSD
  • #12,166
  • May 6, 2008 5:42pm May 6, 2008 5:42pm
Quoting wakli
Morning guys!!!!I guess a lot of people making tons of pips yesterday....Lets hope today will be the same....
Good Morning Wakli

Looking good so far. I've just ENTERED 50lots SHORTs.... That is in Mini Acc... Equivalent to 5 standard lots

Anyway... most of the SL already at 1 pip on the Green.

Therefore... overall I just got less than 20pips at stake.
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  • #12,167
  • May 6, 2008 5:46pm May 6, 2008 5:46pm
Everyone wanna know my target... yep I have a general target but mostly I Exit based on Price Action.

Here is my commentary on other thread.

Quoting Malaysia
I went SHORT after seeing the Shooting Star CS confirmed by Bearish CS.

Now already BREAKING the support of the RANGING movement.

H1 CS closed below the Daily Pivot.

Almost all my TECHNICAL analysis bias with the BEAR for this pair for this moment.

It might go UP later and this down movement might be just a RETRACEMENT... but I am harvesting some pips for this Bearish Movement.

Let see If the BEAR can penetrate the Weekly Pivot. If it closed below the weekly pivot... my target will be the Yellow RBS line (Resistance Become Support).

IF failed to penetrate the Weekly Pivot... I'll take whatever profit I got and stay side line first. All about Price Action.

Moving down my SL to 1 pip on the Green. Nothing to lose but 1 pip to gain

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  • #12,168
  • May 6, 2008 6:03pm May 6, 2008 6:03pm
Quoting Ultraman
Hi Malaysia
i'm short with u, but i'm short diz morning acctually wanna go short last nite, but i don't want to overtrading and overconfident..scared to loss again and last week i was margin call coz overconfident

PS: what ur target short on EURUSD
Remember... Trade at your own risk. Your MM surely differ from mine.

Last time, I got margin call as well because OVERCONFIDENT with my Fundamental Analysis.

Now... I've learn from the mistake. Plan Do Review Learning Cycle. Improvise. Balancing My Technical and Fundamental analysis together. Very Powerful system
  • #12,169
  • May 6, 2008 6:09pm May 6, 2008 6:09pm
H1 CS just closed below the Daily Pivot and poking the 50% Median. Looking good for my SHORTs so far Cable need to stay below that 50% Median... then I can relax and enjoy the ride down.

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  • #12,170
  • May 6, 2008 6:18pm May 6, 2008 6:18pm
Quoting scyang
May I ask you at what price you got in eurusd? What is your tp level?
Look at my platform screen shot (post #12168) to know the exact price. You can zoom in if not clear enough.

Signal form CS formation. Entry base on PA... Exit also base on PA. Indis just as Confirmation.

This is my current Style of trading... don't follow me blindly... please.
  • #12,171
  • May 6, 2008 6:25pm May 6, 2008 6:25pm
01:22 EUR/USD: Slips Lower In Early Asia

Sydney May 7. The market seems to
have built long positions in NY, as tight stops below 1.5520 have been tripped
this morning in Asia and the pairing trades towards the base of a 1.5506/1.5538
range. Dealers report good volume this morning, but are not looking for a
trending move in Asia. Support and resistance start at 1.5455 and 1.5590/95 the
overnight range parameters, but neither side is likely to be troubled pre
Europe. - Thomsonreuters
  • #12,172
  • Edited 6:45pm May 6, 2008 6:27pm | Edited 6:45pm
Quoting Malaysia

Signal form CS formation. Entry base on PA... Exit also base on PA. Indis just as Confirmation.

Price action concept is not easy to learn or catch for many of us.
  • #12,173
  • May 6, 2008 6:47pm May 6, 2008 6:47pm
Quoting eneloop
Price action is not easy to learn or catch for many of us.
Nowhere to learn this... just base on oneself Experiences. Have a log book to take notes on certain price movement that lead to Free Fall or Rocketing Up.

SCALPERS are good at PA. Because they watch a very active movement at a lower TF.

Like I said... Don't follow others blindly. Find your own style. Ability, Gift and Style are differ from one trader to other trader. Find anything that profitable. Scrap away anything that make you lose.

I am still in the learning process to master the PA. Working hard on it. I am still a NEWBIE.

p/s: PA mainly based on REFLECTIVE Psychology that mainly control the Price Movement. Very good to have this skill for Intraday Trading. Especially for BREAKOUT/Fail to Breakout Strategy.
  • #12,174
  • May 6, 2008 7:06pm May 6, 2008 7:06pm
Quoting Malaysia
Remember... Trade at your own risk. Your MM surely differ from mine.

Last time, I got margin call as well because OVERCONFIDENT with my Fundamental Analysis.

Now... I've learn from the mistake. Plan Do Review Learning Cycle. Improvise. Balancing My Technical and Fundamental analysis together. Very Powerful system
Thats right, I heard people say that "Forex is risky". The fact is that around 70% of forex trades lose money. I've learn from the mistake too, is like a game of chess. If you know the rules, you can win the game.

By following this thread, help me get a lot of input. Thank you guys/gals.
  • #12,175
  • May 6, 2008 7:33pm May 6, 2008 7:33pm
Quoting Malaysia
Good Morning Wakli

Looking good so far. I've just ENTERED 50lots SHORTs.... That is in Mini Acc... Equivalent to 5 standard lots

Anyway... most of the SL already at 1 pip on the Green.

Therefore... overall I just got less than 20pips at stake.

Moving down all SL to a greener level. All a few pips above the Daily Pivot.

Still Enjoying the Ride Down. Cable already below 50% Median and already poking 61.8% Fibbo. Fiber well below the Daily Pivot and poking the weekly pivot.

I've got nothing to lose but a few Green Pips already secured. Ready to take out Profit Manually... still observing the PA like a hawk. A bit worried with the Cable minor Bull around 61.8% Fibbo.
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  • #12,176
  • May 6, 2008 8:22pm May 6, 2008 8:22pm
Just adding a new Resistance Trend Line to my EU H4 chart (Blue Line). Thx to EurUsd thread member.
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  • #12,177
  • May 6, 2008 8:32pm May 6, 2008 8:32pm
Quoting Malaysia
Moving down all SL to a greener level. All a few pips above the Daily Pivot.

Still Enjoying the Ride Down. Cable already below 50% Median and already poking 61.8% Fibbo. Fiber well below the Daily Pivot and poking the weekly pivot.

I've got nothing to lose but a few Green Pips already secured. Ready to take out Profit Manually... still observing the PA like a hawk. A bit worried with the Cable minor Bull around 61.8% Fibbo.

Salam-O-Alaikum Brother:
This is Alqaz Syed, I have a question for you. Since Cable is already down below 50% Median even in Asia and its lowest is so far 1.9677. I am a little bit hesitant to do short at the current price. I will wait until Pre-UK trading which would take the pair to at least 1.9730'ssss then I will place a short and take profit to at least 1.9690's because the cable has already one brown news bad and couple of its news expectations would be in negative.
What do you think about it. Should I wait until 1.9730/35. I know you can baby sit me but just give me a rough idea.
Thanks,
Regards,
Alqaz Syed.
  • #12,178
  • May 6, 2008 8:34pm May 6, 2008 8:34pm
Quoting asyed4
Salam-O-Alaikum Brother:
This is Alqaz Syed, I have a question for you. Since Cable is already down below 50% Median even in Asia and its lowest is so far 1.9677. I am a little bit hesitant to do short at the current price. I will wait until Pre-UK trading which would take the pair to at least 1.9730'ssss then I will place a short and take profit to at least 1.9690's because the cable has already one brown news bad and couple of its news expectations would be in negative.
What do you think about it. Should I wait until 1.9730/35. I know you can baby sit me but just give me a rough idea.
Thanks,
Regards,
Alqaz Syed.
I meant you CAN NOT baby sit me but just give me a ball part idea.....
  • #12,179
  • May 6, 2008 8:54pm May 6, 2008 8:54pm
Quoting asyed4
Salam-O-Alaikum Brother:
This is Alqaz Syed, I have a question for you. Since Cable is already down below 50% Median even in Asia and its lowest is so far 1.9677. I am a little bit hesitant to do short at the current price. I will wait until Pre-UK trading which would take the pair to at least 1.9730'ssss then I will place a short and take profit to at least 1.9690's because the cable has already one brown news bad and couple of its news expectations would be in negative.
What do you think about it. Should I wait until 1.9730/35. I know you can baby sit me but just give me a rough idea.
Thanks,
Regards,
Alqaz Syed.
Wa'alaikum salam,

A little bit too late already If you wanna SHORT now. R&R Ratio is not that good anymore. Unless If you wanna go LONG at 61.8% Fibbo. With SL a few pips below today's Low.

But I won't go LONG today until the News Release. If the News gonna be Green then I'll go LONG. Forecast to be RED and my speculation based on previous deteriorating data also RED. Therefore, I am with the BEAR today unless the News gonna be GREEN... I'll switch position.

Thus, I'll only SELL FROM BOUNCE whenever I see a Retracement upward.

I'll be very happy IF my SHORT already more than 30pips on the Green just right before the News Release. So that I can place SL at BE and it should survive the VOLATILITY and spread widening during the announcement. This depends on the platform that you are using. If less than 30pips green before the announcement... more likely I just take out profit manually... and Re Enter again after the announcement.

Right now I might take out profit from all my SHORT. Cable BEAR seems stuck at 61.8% Fibbo. I see a Doji CS on H1 chart and a bullish CS in the making. Minor Retracement or could be REVERSAL in progress. Nothing certain yet. Still watching the PA and this H1 CS to complete forming.

Whenever you wanna make ENTRY/EXIT. Make sure you know your R&R Ratio (Risk/Reward) first. Don't make it while in the middle. Know your Support/Resistance line. Make Entry/Exit there.

This is my STYLE... don't follow blindly.
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  • #12,180
  • May 6, 2008 9:14pm May 6, 2008 9:14pm
hi to all traders

i`ve enter my post just right now
EU & GU both long position
refer to this cs formation
sham.. how about the post that i`ve entered ?
just want to know ur opinion about the cs pattern
thanks

pip_scalper
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