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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #14,521
  • Jun 23, 2008 4:35am Jun 23, 2008 4:35am
Quoting John Lo
I'm using OzFX SqueezeMore. Last thursday a bit aggressive to enter, when stoch still above 80 and AC above 80....... last week really confused.. H4 chart downtrend but Daily is uptrend.....
Now 4H Chart is still downtrend... Daily still signal still uptrend, stoch turning down....
Not familiar with OzFX SqueezeMore. I personally find using 4H abit too slow to enter or exit a market. So I don't use it at all. I think 1H is mostly what people use here.
  • #14,522
  • Jun 23, 2008 4:40am Jun 23, 2008 4:40am
yes, you're right..
Now for intraday trade, i'm combining 15H, 30H, 1H. i wil enter if they have similiar trend.
And for 4H and D1, only if i want to do longer trade.
i'm still learning it.


Quoting Chang
Not familiar with OzFX SqueezeMore. I personally find using 4H abit too slow to enter or exit a market. So I don't use it at all. I think 1H is mostly what people use here.
  • #14,523
  • Jun 23, 2008 6:09am Jun 23, 2008 6:09am
Quoting Malaysia
Hehehehe... remember a few months ago... when CABLE around 1.99xx area. People were so confident it will go beyond 2.0000. I was the contrarian... saying it will drop to 1.93xx area. In the end... Cable did touched 1.93xx area.

And today... I am making a contrarian statement again. Unless it penetrate the Downtrend Resistant line (Yellow)... CABLE will drop to the 50% Fibbo... or that Blue Uptrend SUPPORT line on the Monthly Chart.

I'll be with the BULL... when the DOWNTREND is invalid.

Huhuhu... this month CS could end up Doji kind of CS again

This is not a trade call... this is me with my analysis.

T.A.Y.O.R.

Quoting Malaysia
What the heck... Instead of closing all CABLE SHORTs... I just let this one float over the weekend then. SL already at BE. Nothing to worry.
My internet connection was unstable today... now OK already.

I got the TOP last FRIDAY Now the floating SHORT already profiting 156 pips profit and counting SL moved down securing 100pips profit.

p/s: Short on OIL hit SL... nevermind... will make another entry later.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1593.PNG Size: 100 KB
  • #14,524
  • Jun 23, 2008 6:22am Jun 23, 2008 6:22am
Quoting Malaysia
My internet connection was unstable today... now OK already.

I got the TOP last FRIDAY Now the floating SHORT already profiting 156 pips profit and counting SL moved down securing 100pips profit.

p/s: Short on OIL hit SL... nevermind... will make another entry later.

Nice perfect Entry huh... I got it right at the tip of the top If Only I didn't close all my multiple SHORTs last Friday. EJ also Drop further. EU as well... ahhh... GJ too... I got all SHORTs at the top last Friday.

Happy enough with this one though.
  • #14,525
  • Jun 23, 2008 6:25am Jun 23, 2008 6:25am
Quoting eneloop
My 501st post: Our local yacht club fishing competition (off shore category) price winners. The heaviest fish is 15kg. Quite a lot of Barukuda
Waaa... BARACUDA!!! or Alu Alu.... I love fishing them. So much fight!!!
  • #14,526
  • Jun 23, 2008 6:31am Jun 23, 2008 6:31am
Touched 61.8% Fibbo... Took out all my profit.

Now I am going LONG for the retracement. Tight SL... 20pips only.

T.A.Y.O.R.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1594.PNG Size: 69 KB
  • #14,527
  • Jun 23, 2008 6:34am Jun 23, 2008 6:34am
Hayya'alal Solah... Hayya'alal Falah!!!
  • #14,528
  • Jun 23, 2008 6:42am Jun 23, 2008 6:42am
Quoting Malaysia
My internet connection was unstable today... now OK already.

I got the TOP last FRIDAY Now the floating SHORT already profiting 156 pips profit and counting SL moved down securing 100pips profit.

p/s: Short on OIL hit SL... nevermind... will make another entry later.
Thats simply awesome. Almost unbelievable.
  • #14,529
  • Jun 23, 2008 6:49am Jun 23, 2008 6:49am
Quoting AWIE
I bet u must be smiling right now. ka chinggggg!!!!
Already Ka Chinggggg that one in the bank
  • #14,530
  • Jun 23, 2008 6:50am Jun 23, 2008 6:50am
Quoting arinforex
Thats simply awesome. Almost unbelievable.
Loss small small pips... Profit big big pips

MAXIMIZE Profit... MINIMIZE Loss.
  • #14,531
  • Jun 23, 2008 6:54am Jun 23, 2008 6:54am
Sham when you wrote this "SL already at BE". What does the definition of BE here.

Hopefully the downtrend continue until 1.9595 target.
Oh Lord! Give me more PIPs
  • #14,532
  • Jun 23, 2008 6:55am Jun 23, 2008 6:55am
Quoting Malaysia
Loss small small pips... Profit big big pips

MAXIMIZE Profit... MINIMIZE Loss.
For me, in forex, u surely get profit and u surely get loss. Just which one is bigger and significant to ur capital appreciation/depreciation.
  • #14,533
  • Jun 23, 2008 7:00am Jun 23, 2008 7:00am
Quoting iras
Sham when you wrote this "SL already at BE". What does the definition of BE here.

Hopefully the downtrend continue until 1.9595 target.
BE means move to +1 in pips.I guess.
  • #14,534
  • Jun 23, 2008 7:00am Jun 23, 2008 7:00am
Quoting iras
Sham when you wrote this "SL already at BE". What does the definition of BE here.

Hopefully the downtrend continue until 1.9595 target.
As long as CABLE playing above 1.9600... possibility to go up still there since that is TOUGH SUPPORT area last time which is also at 61.8% Fibbo retracement today. I'll go SHORT again if it did penetrate that support area and remains below it.

As right now... I am aiming for the retracement UP a bit. The BEAR need to gather momentum... take a breath abit after a long journey south today. That's why I just BUY FROM DIP. This is my trade... don't follow me blindly.

BE >>> Break Even price... move SL to the exeact price of entry once clearly on profit... just the discipline of not turning the GREEN pips into RED. If got hit... nevermind... review the situation... and re Enter again. Most of the time I just place the SL to 1 pip green... at least got something there.
  • #14,535
  • Jun 23, 2008 7:05am Jun 23, 2008 7:05am
Quoting arinforex
For me, in forex, u surely get profit and u surely get loss. Just which one is bigger and significant to ur capital appreciation/depreciation.
Yep... part of this hazardous business... LOSS is inevitable. Can't skip it or run away from it... like death. I'm in trouble if my tight SL continuously got hit time after time without any profit trade.
  • #14,536
  • Jun 23, 2008 7:08am Jun 23, 2008 7:08am
Quoting Malaysia
As long as CABLE playing above 1.9600... possibility to go up still there since that is TOUGH SUPPORT area last time which is also at 61.8% Fibbo retracement today. I'll go SHORT again if it did penetrate that support area and remains below it.

As right now... I am aiming for the retracement UP a bit. The BEAR need to gather momentum... take a breath abit after a long journey south today. That's why I just BUY FROM DIP. This is my trade... don't follow me blindly.

BE >>> Break Even price... move SL to the exeact price of entry once clearly on profit... just the discipline of not turning the GREEN pips into RED. If got hit... nevermind... review the situation... and re Enter again. Most of the time I just place the SL to 1 pip green... at least got something there.
So Sham, did you went long or just waiting right now ? I think you mention about going long in an ealier post. Or maybe I'm imagining things.
  • #14,537
  • Jun 23, 2008 7:13am Jun 23, 2008 7:13am
Quoting Chang
So Sham, did you went long or just waiting right now ? I think you mention about going long in an ealier post. Or maybe I'm imagining things.
Check out

Quoting Malaysia
Touched 61.8% Fibbo... Took out all my profit.

Now I am going LONG for the retracement. Tight SL... 20pips only.

T.A.Y.O.R.

Thinking of placing my SL lower... that 20pips SL is too tight.
  • #14,538
  • Jun 23, 2008 7:21am Jun 23, 2008 7:21am
Quoting Malaysia
Check out



Thinking of placing my SL lower... that 20pips SL is too tight.
Looks like the BEAR just went out for a quick lunch (it's lunch time here in London btw) and now he's coming back...

Yeah, I agree that the SL is getting pretty close.
  • #14,539
  • Jun 23, 2008 7:27am Jun 23, 2008 7:27am
Elicits Support pre-1.9600, More Stops Below

Cable has elicited support ahead of 1.9600 as the pound continues to suffer on the back of a perception that UK interest rates are unlikely to be upped anytime soon. This perception is derived from a Sunday Times article headlined "BoE denies rate hikes are in the offing" and BoE MPC member Andrew Sentance"s article in today"s Daily Mail headlined "No return to the inflation trauma of the Seventies"

英镑/美元：1.9600上方寻得支持

英镑/美元目前在1.9600上方寻得支持，更多止损位于1.9600下方，买盘据悉位于1.9580 (上周四低点) 。欧洲早盘据悉1.9500价位有期权兴趣。美国6月非农就业报告将在7月3日公布，较以往提前，因为7月4日是美国独立日假期。欧洲早盘低点 1.9633目前成为阻力。1.9792是上周五录得的11日高点。本周关键风险事件是周四凌晨的美联储公开市场委员会利率决议以及声明。《金融时报》一 篇题为 “及早加息不是美联储意愿” 的文章表示美联储可能会表达对通胀的部分忧虑，但不会发出短期加息的信号。
  • #14,540
  • Jun 23, 2008 7:29am Jun 23, 2008 7:29am
Quoting Chang
Looks like the BEAR just went out for a quick lunch (it's lunch time here in London btw) and now he's coming back...

Yeah, I agree that the SL is getting pretty close.
Cable bearish movement today mainly because of the weak economic data in for the Euro and been following EU. Not of it's own data. I don't think it'll drop much further since no more market drive to do that.

Unless... USD gaining strength tonight in the US session. Having said that... Dow Jones closed below critical support last Friday Might drop further today if DJ can't get back above 12000.0.

Nothing certain yet.
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