Nice work dude.. More quality analysis expected from you.. Thx for sharing with us. Did you draw manually? Keep a good job..
- #12,982
- May 23, 2008 4:31am May 23, 2008 4:31am
- | Commercial User | Joined May 2008 | 2,795 Posts
Welcome to the club JebatFXThx a lot for the contribution. Similar with my Current Trading System ... but I don't have the WAVE COUNTING technique included. All the trend lines you drawn... I like
Please use the attachment option to attach your chart next time. Just to fit everything in the standard page.
Use Window Paint to edit your chart... no need to resize. Just SAVE AS .png file. Then click on the MANAGE ATTACHMENT option to upload it. FF platform will automatically resize the chart to fit in the page
- #12,983
- May 23, 2008 4:33am May 23, 2008 4:33am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
- #12,984
- May 23, 2008 4:39am May 23, 2008 4:39am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
{Promotion Removed}
- #12,985
- May 23, 2008 4:43am May 23, 2008 4:43am
- | Joined Feb 2008 | Status: FOREX - 10% skills, 90% psychology | 1,000 Posts
- #12,986
- May 23, 2008 5:30am May 23, 2008 5:30am
Ive seen a lot of contributors in this thread now.. Great and also few new posters in here about to learn few stuff..
Cappalz,
seems like you overtrade bro???
Wakli,
Hows thing going buddy???
So far so good for today and yesterday....Actually trying to trade GU and UJ.....
Seems interesting but Geppy is my priority though....
- #12,988
- May 23, 2008 8:04am May 23, 2008 8:04am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
http://content.sweetim.com/sim/cpie/...s/00020182.gif It's Friday today!!! I am still not feeling well http://content.sweetim.com/sim/cpie/...s/00020080.gif
A few members are coming to my house today to TRADE LIVE together after the FRIDAY PRAYER. I won't have much time to discuss in here since I'll be busy chit chating with them.
This is my observation so far... found FLAG FORMATION on CABLE and GEPPY. You should know how to trade FLAG already.
As usual... FALSE BREAKOUT is the drawback.
T.A.Y.O.R!!!
Cheeky Cable... False Breakout below the Daily Pivot... now UP and UP after touching the yellow SUPPORT line.
For GEPPY.... perfect BREAKOUT downside of the FLAG... now already below the Pivot
- #12,989
- May 23, 2008 8:07am May 23, 2008 8:07am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
I got guest today... they already gone home. 4 members and all of them are University Lecturers with Dr. title. Glad if I helped somehow
- #12,990
- May 23, 2008 8:13am May 23, 2008 8:13am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Hey Malaysia, I hope you are doing ok in this dangerous market.
I will post this GBP - USD charts here hoping you don't mind.
But first here is a definition for newbies about the pattern in the first chart bellow.
A rounding bottom, also referred to as a saucer bottom, is a long-term reversal pattern that signals a shift from a downtrend to an uptrend. This pattern is traditionally thought to last anywhere from several months to several years. Due to the long-term look of these patterns and their components, the signal and construct of these patterns are more difficult to identify than other reversal patterns.
A rounding-bottom pattern looks similar to a cup and handle
, but without the handle. The basic formation of a rounding bottom comes from a downward price movement to a low, followed by a rise from the low back to the start of the downward price movement - forming what looks like a rounded bottom.
The pattern should be preceded by a downtrend but will sometimes be preceded by a sideways price movement that formed after a downward trend. The start of the rounding bottom (its left side) is usually caused by a peak in the downward trend followed by a long price descent to a new long-term low.
The time distance from the initial peak to the long-term low is considered to be half the distance of the rounding bottom. This helps to give chartists an idea to as to how long the chart pattern will last or when the pattern is expected to be complete, with a breakout to the upside. For example, if the first half of the pattern is one year, then the signal will not be formed until around a year later.
In terms of the chart pattern's quality, the two stages of the rounding bottom should be similar in length. If the price were to rise too quickly from the low to the prior peak, the strength of the chart pattern would be diminished. This does not mean that they must be equal, but the trend should illustrate a cup shape on the chart.
The way in which the price moves from peak to low and from low to second peak may cause some confusion as the long-term nature of the pattern can display several different price movements. The price movement does not necessarily move in a straight line but will often have many ups and downs. However, the general direction of the price movement (either up or down) is important, depending on the stage of the pattern.
is one of the most important confirming measures for this pattern where volume should be high at the initial peak (or start of the pattern) and weaken as the price movement heads toward the low. As the price moves away from the low to the price level set by the initial peak, volume should be rising.
in chart patterns should be accompanied by a large increase in volume, which helps to strengthen the signal formed by the breakout. Once the price moves above the peak that was established at the start of the chart pattern, the downward trend is considered to have reversed and a buy signal is formed.
http://content.sweetim.com/sim/cpie/...s/00020149.gif http://content.sweetim.com/sim/cpie/...s/00020198.gif http://content.sweetim.com/sim/cpie/...s/00020165.gif
- #12,991
- Edited 8:45am May 23, 2008 8:18am | Edited 8:45am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
I found this post very interesting for me as I run 3 19 inch Samsung monitors at the moment. I use a HP dual processor computer. I am not sure if I would go to 4 screens but at the moment I have my trading platform on my left hand side monitor and I use the middle one for both text and charts. The right hand side monitor I use for my various charts as well as a TV internet view of Bloomberg. I also have to the left of my first 19 inch Samsung monitor my TV always on CNBC during the FX trading day.
I have subscribed to this thread and I will post here from time to time.
Good Trading To all !!!
Bruce
http://content.sweetim.com/sim/cpie/...s/00020121.gif
- #12,992
- Edited 8:38am May 23, 2008 8:25am | Edited 8:38am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Just manage to watch it back now.. I did trailing stop as well.. for this pairs movement, i use to use 15pips trails.. Thus!
1st Post - Rallying and still.. around 165 pips....
2nd Post - Closed at 35 pips!
Sham, anyone seeing you tonight?
Most of the time my house is open for members to LIVE TRADE with me... sometimes... I need time on my own
Perhaps next week you can try arrange appointment with me.
- #12,994
- May 23, 2008 9:02am May 23, 2008 9:02am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
I'll be at NORTH WEST Malaysia next weekend... InsyaAllah... for my relative Wedding Ceremony.
For North West Traders... start sms me to confirm about the Gathering at Alor Star, Kedah. Just LOVE to do this social service for free. Gained thousands of new friends day by day. I like. 
p/s: US Existing Home Sales is not as bad as expected... expecting USD gaining strength a bit. T.A.Y.O.R.
For North West Traders... start sms me to confirm about the Gathering at Alor Star, Kedah.
Just LOVE to do this social service for free. Gained thousands of new friends day by day. I like. p/s: US Existing Home Sales is not as bad as expected... expecting USD gaining strength a bit. T.A.Y.O.R.
