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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #15,581
  • Jul 16, 2008 12:56am Jul 16, 2008 12:56am
she's hitting her head here at 2.0045. If my entry price holds, I'll be going long again.
Just digging in the trenches like everyone else!
  • #15,582
  • Jul 16, 2008 12:57am Jul 16, 2008 12:57am
I think short for the cable and eurusd is good
  • #15,583
  • Jul 16, 2008 12:59am Jul 16, 2008 12:59am
Quoting PIPoy
I think short for the cable and eurusd is good
anything is possible. Follow your system. This still hasn't made up it's mind which direction she's going to go.
Just digging in the trenches like everyone else!
  • #15,584
  • Jul 16, 2008 1:09am Jul 16, 2008 1:09am
Quote
anything is possible. Follow your system. This still hasn't made up it's mind which direction she's going to go.

ok, thanks for the advice. technicals says long but I still feel shorting is the best way. we'll see. I'll be tightening my stops to minimize the risk.
  • #15,585
  • Jul 16, 2008 1:14am Jul 16, 2008 1:14am
GJ is going down big time today..i have seen this pattern earlier..cloud for a week then bamm,,
  • #15,586
  • Jul 16, 2008 1:18am Jul 16, 2008 1:18am
Breakout Strategy is the simplest one, and easy to determine the R&R Ratio:

Reach Resistance >>> SHORT with tight SL a few pips above the resistance. Can also place PO Buy at the SL for BREAKOUT.

Reach Support >>> LONG with tight SL a few pips below the Support. Can also place PO SELL at the SL for BREAKOUT.

Every opportunity come with RISK >>> The drawback >>> FALSE BREAKOUT or SPIKE.

KISS >>> Keep it Short and Simple.
  • #15,587
  • Jul 16, 2008 1:20am Jul 16, 2008 1:20am
Quoting Malaysia
Breakout Strategy is the simplest one, and easy to determine the R&R Ratio:

Reach Resistance >>> SHORT with tight SL a few pips above the resistance. Can also place PO Buy at the SL for BREAKOUT.

Reach Support >>> LONG with tight SL a few pips below the Support. Can also place PO SELL at the SL for BREAKOUT.

Every opportunity come with RISK >>> The drawback >>> FALSE BREAKOUT or SPIKE.

KISS >>> Keep it Short and Simple.
Print this, frame this, look at it daily!
Just digging in the trenches like everyone else!
  • #15,588
  • Jul 16, 2008 1:41am Jul 16, 2008 1:41am
Quoting eohater
Print this, frame this, look at it daily!
One more thing:

Making the ENTRY is important... master the skill and you'll harvest the optimum R&R Ratio... meaning risking a bit for big profit.

However, the most important thing is the EXIT. You can ENTER anywhere in the market... in the END your EXIT will determine either you lose a little or lose big... profit a little or profit big. This is when EQ is very important where SCARE, Chicken out, GREEDINESS, DISCIPLINE, GUTS, CONFIDENCE, ABIDE the rules or BEND the rules, mixed up altogether. This is when EXPERIENCES and LEARN FROM MISTAKES will influence the judgement. No one can teach this... only you and yourself.

When is enough? A little bit more?
  • #15,589
  • Jul 16, 2008 1:45am Jul 16, 2008 1:45am
Quoting Malaysia
One more thing:

Making the ENTRY is important... master the skill and you'll harvest the optimum R&R Ratio... meaning risking a bit for big profit.

However, the most important thing is the EXIT. You can ENTER anywhere in the market... in the END your EXIT will determine either you lose a little or lose big... profit a little or profit big. This is when EQ is very important where SCARE, Chicken out, GREEDINESS, DISCIPLINE, GUTS, CONFIDENCE, ABIDE the rules or BEND the rules, mixed up altogether. This is when EXPERIENCES and LEARN FROM MISTAKES will influence the judgement. No one can teach this... only you and yourself.

When is enough? A little bit more?
so true!
Just digging in the trenches like everyone else!
  • #15,590
  • Jul 16, 2008 1:53am Jul 16, 2008 1:53am
Quoting spiderforex
GJ is going down big time today..i have seen this pattern earlier..cloud for a week then bamm,,
Finally!!! Some action... breaking the about 30days RANGING market.
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  • #15,591
  • Jul 16, 2008 1:58am Jul 16, 2008 1:58am
The best action yesterday was EJ. Double BREAKOUT in one day!!! IMPORTANT SUPPORT collapsed!!!
Attached Image (click to enlarge)
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  • #15,592
  • Jul 16, 2008 2:03am Jul 16, 2008 2:03am
UJ Triangle BREAKOUT yesterday. All BREAKOUT strategy were PERFECT yesterday No SPIKE ... no FALSE BREAKOUT. I just LOVE this type of market psychology. Market seems getting out from the INDECISIVE sentiment.

Attached Image (click to enlarge)
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  • #15,593
  • Jul 16, 2008 2:12am Jul 16, 2008 2:12am
Quoting Malaysia
CABLE reached Psychological Support 2.0000 (last time Resistance and now RBS). Anyone Buy From Dip? Or waiting for confirmed breakout to Sell? Or waiting to Sell From Bounce?
Quoting Malaysia
Nice Entry huh Buy From Dip at the RBS. Sl already 1 pip on the green
T.A.Y.O.R.


p/s: This is when I ask myself... when is enough? A little bit more?
Attached Image (click to enlarge)
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  • #15,594
  • Jul 16, 2008 2:13am Jul 16, 2008 2:13am
Quoting eohater
Targeting 2.0080 or above.
Just digging in the trenches like everyone else!
  • #15,595
  • Jul 16, 2008 2:15am Jul 16, 2008 2:15am
Quoting Malaysia


p/s: This is when I ask myself... when is enough? A little bit more?
I think we might be there. If we don't break this and hold, we'll be coming back down.
Just digging in the trenches like everyone else!
  • #15,596
  • Jul 16, 2008 2:15am Jul 16, 2008 2:15am
Quoting eohater
Let me dance with you ... I want more!!! More!!!
  • #15,597
  • Jul 16, 2008 2:21am Jul 16, 2008 2:21am
Quoting Malaysia
One more thing:

Making the ENTRY is important... master the skill and you'll harvest the optimum R&R Ratio... meaning risking a bit for big profit.
My entry on long GU paid off handsomely....Will just let it run until I see sign of reversal....Now I can dance....
  • #15,598
  • Jul 16, 2008 2:21am Jul 16, 2008 2:21am
Quoting Malaysia


p/s: This is when I ask myself... when is enough? A little bit more?
I think I had ENOUGH... CLOSED my LONG... Happy with 75pips profit. Got to go now... my wife is waiting... got to bring her to see doctor for MC. See ya!
Attached Image (click to enlarge)
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  • #15,599
  • Jul 16, 2008 2:23am Jul 16, 2008 2:23am
Quoting Malaysia
I think I had ENOUGH... CLOSED my LONG... Happy with 75pips profit. Got to go now... my wife is waiting... got to bring her to see doctor for MC. See ya!
take care, good choice on locking your profit. There'll be more to make later. Hope all goes well at the Dr!
Just digging in the trenches like everyone else!
  • #15,600
  • Jul 16, 2008 2:24am Jul 16, 2008 2:24am
Quoting wakli
My entry on long GU paid off handsomely....Will just let it run until I see sign of reversal....Now I can dance....
Good job!
Just digging in the trenches like everyone else!
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