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Help needed in OANDA + users from Malaysia 105 replies

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  • #13,981
  • Jun 12, 2008 1:40am Jun 12, 2008 1:40am
Quoting Malaysia
Congratulation for those who SFB I did it as well last night EU stumbled upon that Congestion Area as a strong Resistance area. A good place to SHORT indeed. Same as Cable... will be placing SL a few pips above the Daily Pivot.

It will test the Daily TRIANGLE support lines again(click link on above quote to see the Daily Chart). Either take profit there or let the profit run if the Support line is broken.

T.A.Y.O.R.
The minor Daily Triangle Support line just got broken by the Bear... and it's making a lower LOW for this week

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: chart1487.PNG Size: 65 KB
  • #13,982
  • Jun 12, 2008 1:50am Jun 12, 2008 1:50am
Quoting Malaysia
Gagging to SHORT this beast...
GBPJPY

Hope it drops like this chart
Attached Image
  • #13,983
  • Jun 12, 2008 1:50am Jun 12, 2008 1:50am
Uh... the BEAR on Fiber is halted for the time being... Green News just came out from Euro... but not a strong impact. The Sentiment of USD strengthening still having the BIG IMPACT so far. But I am alert and vigilant now... to take out the profit manually depending on the PA (Price Action).

2:45pm EUR http://www.forexfactory.com/images/m...impact_low.gif French Final Employment Change q/q 0.4% 0.3% 0.2%
  • #13,984
  • Jun 12, 2008 1:52am Jun 12, 2008 1:52am
Quoting eneloop
GBPJPY

Hope it drops like this chart
If only Uncle Ben don't open up hist mouth tonight... then I can be rest assured with that if the TRIANGLE broken downside. But that is many hours from now...
  • #13,985
  • Jun 12, 2008 2:00am Jun 12, 2008 2:00am
just now we see to fake out done by this beast outside the triangle, however it came back inside and close inside it.. huhuhu.. very unpredictable..
  • #13,986
  • Jun 12, 2008 2:03am Jun 12, 2008 2:03am
Quoting Malaysia
Uh... the BEAR on Fiber is halted for the time being... Green News just came out from Euro... but not a strong impact. The Sentiment of USD strengthening still having the BIG IMPACT so far. But I am alert and vigilant now... to take out the profit manually depending on the PA (Price Action).

2:45pm EUR http://www.forexfactory.com/images/m...impact_low.gif French Final Employment Change q/q 0.4% 0.3% 0.2%
Fiber bear just keep on falling down despite of the Green News Reaching the Daily S2 and it testing the Major Daily TRIANGLE SUPPORT line now!!!
  • #13,987
  • Jun 12, 2008 2:06am Jun 12, 2008 2:06am
i might be late with the fiber train sham but doing good right now. catch it when the train slow down..hahahaha....

hoping that it will move further south. just wanna ask for your opinion, if it did retrace, how high is it going to go up?

(preparing to change SL to somewhere safer place)
  • #13,988
  • Jun 12, 2008 2:08am Jun 12, 2008 2:08am
Quoting Malaysia
That was a good SHORT. Got it right at the top Will be placing SL a few pips above the DAILY PIVOT. Expecting the TRIANGLE support to be tested today. If that support line still holding strong from PA... I'll take out profit straight away. However, if that support line easily broken... I'll just let the profit run.

Depending also to the NEWS reaction later on.

T.A.Y.O.R.
CABLE bear also wanting to test the TRIANGLE support line again

Attached Image (click to enlarge)
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  • #13,989
  • Jun 12, 2008 2:13am Jun 12, 2008 2:13am
Quoting Malaysia
CABLE bear also wanting to test the TRIANGLE support line again
My short on GU looks good for now....Already put sl on the greenToo dangerous to trade Geppy as indecision of trend....
  • #13,990
  • Jun 12, 2008 2:22am Jun 12, 2008 2:22am
Quoting sorsurus
i might be late with the fiber train sham but doing good right now. catch it when the train slow down..hahahaha....

hoping that it will move further south. just wanna ask for your opinion, if it did retrace, how high is it going to go up?

(preparing to change SL to somewhere safer place)
Be careful with the late SHORT Bro... as I am ready to take out profit at any time now... since it reaching the TRIANGLE support line already. I'll SHORT again if the Support line is broken... but I'll also will go LONG if that SUPPORT is holding strong.

If it shoot up after testing the Support... I'll monitor the FIBBO Retracement to see how far it'll shoot up. Perhaps towards the congestion area again... If the BULL very strong and penetrate the Congestion Area... the target shall be the TRIANGLE RESISTANCE line if I am LONG... or I might SELL FROM BOUNCE again at the Congestion area.

If Fiber decide to bounce back... 50% and 61.8% Fibbo retracement is a good place to SELL FROM BOUNCE it those lines hold. Breaking that level upward... review back the situation.

Still too early to decide. It's all about the PRICE ACTION now.

Advice from me... be patience in making an Entry... wait until it reach SUPPORT or RESISTANCE line to decide and Enter the Market. Over there you'll know the clear R&R ratio.

Your SHORT will be profiting a lot if that SUPPORT is broken... If not... the BULL might retaliate and will turn those green pips to RED. Critical area now.

T.A.Y.O.R.
Attached Image (click to enlarge)
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  • #13,991
  • Jun 12, 2008 2:28am Jun 12, 2008 2:28am
Quoting wakli
My short on GU looks good for now....Already put sl on the greenToo dangerous to trade Geppy as indecision of trend....
Careful Bro.... it reaching the Support line now... yesterday the BULL retaliate strongly from that line and shoot up more than 150pips.

However, if that support is broken... wow weeee... I will see you dancing even more

As long as you SL already at BE... nothing to worry about.
  • #13,992
  • Jun 12, 2008 2:34am Jun 12, 2008 2:34am
Quoting megi
hi shamm today i get short FIBER because break triangle on 1 hour
short @ 1.5540 Tp 1.5400 ...

thx

Hit my TP 1.5400 banked 140 pips, alhamdulillah .... Thanks GOD.
  • #13,993
  • Jun 12, 2008 2:35am Jun 12, 2008 2:35am
Quoting Malaysia
Careful Bro.... it reaching the Support line now... yesterday the BULL retaliate strongly from that line and shoot up more than 150pips.

However, if that support is broken... wow weeee... I will see you dancing even more

As long as you SL already at BE... nothing to worry about.
Hehhheheh....Hopefully support will be broken...Otherwise I'll take 1 pip on the green.....
  • #13,994
  • Jun 12, 2008 2:39am Jun 12, 2008 2:39am
Quoting megi
Hit my TP 1.5400 banked 140 pips, alhamdulillah .... Thanks GOD.
Congratulation on your Capital Appreciation I'll take out profit manually from my SHORTs on CABLE and FIBER depending on this H1 CS... if it close and making a long SHADOW/WICK at the bottom... I'll take my profit as well. Right now... still letting the profit run for the possible SUPPORT breakout.
  • #13,995
  • Jun 12, 2008 2:40am Jun 12, 2008 2:40am
Iīm from Paraguay,South America... This is my first day trading live and just want to thanks to all you guys,i follow your thread a long time ago and learned so many things...
Today i donīt followed "blindly" your suggest but i do "take off my glasses" and made my first +96pips!!!! Sorry for my english...
  • #13,996
  • Jun 12, 2008 2:44am Jun 12, 2008 2:44am
Quoting Saintroman
Iīm from Paraguay,South America... This is my first day trading live and just want to thanks to all you guys,i follow your thread a long time ago and learned so many things...
Today i donīt followed "blindly" your suggest but i do "take off my glasses" and made my first +96pips!!!! Sorry for my english...
Congratulation on your first ever profit Now you learnt how to accept profit.

Don't forget to learn how to accept loses as well... as long as you MAXIMIZE profit and MINIMIZE loss... you'll survive long.
  • #13,997
  • Jun 12, 2008 2:45am Jun 12, 2008 2:45am
thanx for the advice sham,

for capital appreciation, already close the trade (hahahaha..chicken out already)

looking for another chance...

but lesson learnt, do not try to catch the train, let it stop for you or you might get hit. lucky this time but there may be no second time.
  • #13,998
  • Jun 12, 2008 2:50am Jun 12, 2008 2:50am
Quoting megi
Hit my TP 1.5400 banked 140 pips, alhamdulillah .... Thanks GOD.
Good!
The market (at the moment) has turned bearish

 3. EURUSD
At the time of posting
- Bearish Engulfing Line/ Bearish Trending Candle has taken over


YESTERDAY CANDLESTICK SIGNAL
- Piercing Line: Possible Reversal

2 DAYS AGO CANDLESTICK SIGNAL
-- Dark Cloud Cover Confirmation: Sell Signal

3 DAYS AGO CANDLESTICK SIGNAL
--- Dark Cloud Cover: Aggressive Sell Signal
  • #13,999
  • Jun 12, 2008 2:50am Jun 12, 2008 2:50am
Hi Sham, I see u don't visit the eur/usd board anymore. Your opinion do u think this ECB Bulletin coming up could flip things around for fiber? Still holding on to my short pos.
  • #14,000
  • Edited 8:56pm Jun 12, 2008 2:52am | Edited 8:56pm
Quoting sorsurus
but lesson learnt, do not try to catch the train, let it stop for you or you might get hit. lucky this time but there may be no second time.
As they say it: Don't try and catch a fallen knife!

Remember what an old Wall Street adage says, "Those who try to catch a fallen knife only get hurt."
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