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Help needed in OANDA + users from Malaysia 105 replies

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  • #14,261
  • Jun 18, 2008 5:51am Jun 18, 2008 5:51am
Quoting Malaysia
Luckily just a tiny SURGE UP... but now the PA seems don't wanna go UP since it break that TRIANGLE support. Too soon to celebrate... Tightening up my SHORT SL at 1.9525. Will move SL to BE once 20pips plus on the green.

T.A.Y.O.R.
Seems not good so far... the green news messed up with the bearish movement... this hourly CS gonna complete forming soon and looks like gonna be a REVERSAL CS... if it ended up with a long SHADOW downward. I'd placed my SL inside the triangle. Touch that... I am done for today and will be back during Uncle KING speech.
  • #14,262
  • Jun 18, 2008 5:55am Jun 18, 2008 5:55am
yes sham, because of the gap.
Any advise for me. Please. you're more expert than me.
thanks.


Quoting Malaysia
Sorry mate... I never trade EurJpy before... and I have no Idea about it. Did you short EJ because of the GAP?
  • #14,263
  • Jun 18, 2008 6:18am Jun 18, 2008 6:18am
Quoting John Lo
yes sham, because of the gap.
Any advise for me. Please. you're more expert than me.
thanks.
That's the DANGER of trading the GAP... you'll never know when it shall fill the GAP back.

This is how I see it... not a trade call or suggestion. Just the way I see it.

That looks like a reversal CS signal... but not very strong though since the next CS was bullish a bit.

It has to pass through lots of SUPPORTs line to cover the GAP. The major ones are the 38.2% Fibbo area... then 50% Median area where Resistance Becoming SUPPORT (RBS).

Watch out those levels... as IF the PA strongly showing REVERSAL at that levels... it might shoot up making a HIGHER HIGH.

Since CARRY TRADES still having RISK APPETITE psychology and UJ keep on shooting UP... the future for any JPY pairs to FREE FALL is bleak. If RISK APPETITE suddenly change to RISK AVERSION psychology... we will see lots of CARRY TRADES unwinding... thus... FREE FALL.

This is only my point of view. It can be right... it also can be wrong.

Better be... always learn how to take loss efficiently by placing SL properly. If hit SL... nevermind... at least you will be out of any worry and having a clear mind by not having a BIG floating loss. Hence, clear mind to review the situation back and decide either to Re Enter at a better price OR switch position to go the opposite way... OR... have a break for a while until having a very CLEAR signal to enter again.

Trade At your Own Risk.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1541.PNG Size: 63 KB
  • #14,264
  • Jun 18, 2008 6:25am Jun 18, 2008 6:25am
As right now... market is RANGING and I am going out SWIMMING.

See you guys after MAGRIB... if my SL still intact. If SL got hit... see you guys when Uncle KING gonna give the speech.

Adios.
  • #14,265
  • Jun 18, 2008 7:13am Jun 18, 2008 7:13am
SL got hit when I came back... that H1 Spinning Top CS at the bottom really do the trick. Gagging to go LONG now but... naaaaaa.... I better wait till Uncle KING give the speech later on.

Profit 20pips earlier... but loss 30pips just now. Overall minus 10pips

Switching off my computer before I make a stupid judgement. Trading is hard today with NEWS confusing direction. Only Uncle KING can clear out all the doubt right now... so I wait for him.

Adios Amigos.
  • #14,266
  • Jun 18, 2008 7:16am Jun 18, 2008 7:16am
Still prefer to SELL FROM BOUNCE though... now where this beast gonna bounce UP to?
  • #14,267
  • Jun 18, 2008 7:48am Jun 18, 2008 7:48am
Quoting Malaysia
Still prefer to SELL FROM BOUNCE though... now where this beast gonna bounce UP to?
salam sham,
Im in long gu but what you think?
  • #14,268
  • Jun 18, 2008 7:56am Jun 18, 2008 7:56am
Quoting B@by trader
salam sham,
Im in long gu but what you think?
I am not with the BULL yet... not until the DAILY PIVOT got pierced by the BULL.

Still waiting for Uncle KING speech. The higher it goes... the better price I am gonna SELL FROM BOUNCE later.

Expecting Uncle KING Speech gonna cause Pound Sterling to tumble down like what he did on his letter yesterday. However, he can also say things that can make Pound Sterling to ROCKET UP!!! So... expect the unexpected. As right now... I got no floating trade on Cable.

Enjoy your way up

My prediction target for today still not seen yet... which is around 1.9400 area.
  • #14,269
  • Jun 18, 2008 8:04am Jun 18, 2008 8:04am
I believed subwave 5 in wave a is already completed and looking forward for a minor bullish corrective a, b & c (cyan) to complete wave b (magenta/yellow). At this moment, price still inside the teal triangle and advisable to wait for another good entry signal from BSTS later within this few days. Please watch closely the new bearish bias price channel and the other critical lines as stated in the chart. Good luck.
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  • #14,270
  • Jun 18, 2008 8:36am Jun 18, 2008 8:36am
Quoting John Lo
Sham,
Any idea about EURJPY Trend? I still have short position since 3 days ago.
thanks.

Regards,
John
Quoting Malaysia
Sorry mate... I never trade EurJpy before... and I have no Idea about it. Did you short EJ because of the GAP?
Quoting John Lo
yes sham, because of the gap.
Any advise for me. Please. you're more expert than me.
thanks.
Quoting Malaysia
That's the DANGER of trading the GAP... you'll never know when it shall fill the GAP back.

This is how I see it... not a trade call or suggestion. Just the way I see it.

That looks like a reversal CS signal... but not very strong though since the next CS was bullish a bit.

It has to pass through lots of SUPPORTs line to cover the GAP. The major ones are the 38.2% Fibbo area... then 50% Median area where Resistance Becoming SUPPORT (RBS).

Watch out those levels... as IF the PA strongly showing REVERSAL at that levels... it might shoot up making a HIGHER HIGH.

Since CARRY TRADES still having RISK APPETITE psychology and UJ keep on shooting UP... the future for any JPY pairs to FREE FALL is bleak. If RISK APPETITE suddenly change to RISK AVERSION psychology... we will see lots of CARRY TRADES unwinding... thus... FREE FALL.

This is only my point of view. It can be right... it also can be wrong.

Better be... always learn how to take loss efficiently by placing SL properly. If hit SL... nevermind... at least you will be out of any worry and having a clear mind by not having a BIG floating loss. Hence, clear mind to review the situation back and decide either to Re Enter at a better price OR switch position to go the opposite way... OR... have a break for a while until having a very CLEAR signal to enter again.

Trade At your Own Risk.

Cheers mate... if not because of you... I would had never placed the SHORT I did the analysis on the pair that I never trade before... and got tempted with the analysis to SHORT.

Oh well... SL at 1 pip on the GREEN already.. nothing to worry about. If it does close the GAP after this... wow weeeee

If NOT... just 1 pip will be banked in

That's the power of helping others. Good karma will be bless with good karma.
Attached Image (click to enlarge)
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  • #14,271
  • Jun 18, 2008 8:46am Jun 18, 2008 8:46am
Sham,
Really thanks for what you said.
Where i can learn about CS signal, Fibbo etc... so i can know a bit support and resistance.
Currently i'm using OzFx signal to trading and Kantor dashboard. still learning it.

From Oz 4H chart, EURUSD is down trend, how about yours? i just want to hear others opinion. Thanks.


Quoting Malaysia
That's the DANGER of trading the GAP... you'll never know when it shall fill the GAP back.

This is how I see it... not a trade call or suggestion. Just the way I see it.

That looks like a reversal CS signal... but not very strong though since the next CS was bullish a bit.

It has to pass through lots of SUPPORTs line to cover the GAP. The major ones are the 38.2% Fibbo area... then 50% Median area where Resistance Becoming SUPPORT (RBS).

Watch out those levels... as IF the PA strongly showing REVERSAL at that levels... it might shoot up making a HIGHER HIGH.

Since CARRY TRADES still having RISK APPETITE psychology and UJ keep on shooting UP... the future for any JPY pairs to FREE FALL is bleak. If RISK APPETITE suddenly change to RISK AVERSION psychology... we will see lots of CARRY TRADES unwinding... thus... FREE FALL.

This is only my point of view. It can be right... it also can be wrong.

Better be... always learn how to take loss efficiently by placing SL properly. If hit SL... nevermind... at least you will be out of any worry and having a clear mind by not having a BIG floating loss. Hence, clear mind to review the situation back and decide either to Re Enter at a better price OR switch position to go the opposite way... OR... have a break for a while until having a very CLEAR signal to enter again.

Trade At your Own Risk.

  • #14,272
  • Jun 18, 2008 9:10am Jun 18, 2008 9:10am
Quoting Malaysia
Cheers mate... if not because of you... I would had never placed the SHORT I did the analysis on the pair that I never trade before... and got tempted with the analysis to SHORT.


EUR/JPY: Weighed Down by US Stock Decline

San Francisco, June 18.

Japanese banks report that Japanese investors were heavy sellers of the EUR/JPY cross overnight in the move to 167.03 lows but more hawkish comments out of the ECB fuelled the short-squeezed that excised a barrier option at 168.00. Still, sellers remain on rallies to 168.20/30 and this helped stall gains. Today"s weaker stock market is weighing on the cross which trades at 167.29. Another negative for the cross on the EUR leg is the Merrill Lynch investor survey released this morning that shows 74% of the investors polled believe that the EUR is overvalued. An analysis of the EUR 2-yr yield spreads over JGBs also suggests that the cross may still be somewhat overvalued with levels under 164.00 more appropriate. 167.00 remains support on dips. ThomsonReuters.com
  • #14,273
  • Jun 18, 2008 9:13am Jun 18, 2008 9:13am
Quoting John Lo
Sham,

Currently i'm using OzFx signal to trading and Kantor dashboard. still learning it.
I also refer to OzFX, but that signal is not suitable for intraday. It is design for longer time frame. And in my humble opinion, one may need to modify that system to suit one's need.
  • #14,274
  • Jun 18, 2008 9:19am Jun 18, 2008 9:19am
Quoting John Lo
Where i can learn about CS signal, Fibbo etc... so i can know a bit support and resistance.

There are plenty of books out there, not to mention even a few free eBooks on CandleStick.
  • #14,275
  • Jun 18, 2008 9:29am Jun 18, 2008 9:29am
i just got it from http://thepatternsite.com/


Quoting eneloop
There are plenty of books out there, not to mention even a few free eBooks on CandleStick.
  • #14,276
  • Jun 18, 2008 9:44am Jun 18, 2008 9:44am
CABLE bull just made a 100% retracement upward!!! WHIPSAW!!! Testing the DAILY PIVOT again. Who dare to SHORT?
  • #14,277
  • Jun 18, 2008 9:49am Jun 18, 2008 9:49am
Quoting Malaysia
CABLE bull just made a 100% retracement upward!!! WHIPSAW!!! Testing the DAILY PIVOT again. Who dare to SHORT?
Just placed a PO for short, but the momentum is still very much on the uptrend.
  • #14,278
  • Jun 18, 2008 9:53am Jun 18, 2008 9:53am
Quoting eneloop
Just placed a PO for short, but the momentum is still very much on the uptrend.

It just poke it through now!!! 1.9600 area to watch out for.
  • #14,279
  • Jun 18, 2008 10:01am Jun 18, 2008 10:01am
Quoting Malaysia
It just poke it through now!!! 1.9600 area to watch out for.
In fact I went to scalp-short USD instead, GBP is going up because USD is going down, but when reached a certain high/low, hopefully they will go opposite :-)
  • #14,280
  • Jun 18, 2008 10:04am Jun 18, 2008 10:04am
Is the daily pivot 1.9578 ?

Quoting Malaysia
CABLE bull just made a 100% retracement upward!!! WHIPSAW!!! Testing the DAILY PIVOT again. Who dare to SHORT?
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