Malaysia

1. I can see it is very important to observe the DJI and the oil price movement but where can I get the chart like u posted it? (if you don’t mind)
   Try ODL MT4 platform.
   

1. this is something about market maker, from your point of view, is it true like what I’ve read on the internet pasal they will play with the prices and spikes all. And the lag and the requote and the server hang problem. In my opinion ,how come the can play around with this figure since everywhere else (other broker’s chart, daily FX and etc) also the spike and the price is still the same. Is it they kinda sepakat creating all of those things? And is it true ECN broker is the best (if yes, where can i find one or maybe u could suggest one,tq) I am still not sure about this... but I had lots of experineces with those dodgy things. If you think properly... in any market... there must be buyer and seller. Someone must gain profit... and someone must lose. It won't work when everybody buying and no one selling and vice versa. Hence, when there's a winnner... there must be a looser. There are good noble strategy to win... there are also dark dirty strategy to win. ECN broker mainly requiring LARGE deposit to start with.
   

1. which time frame we should follow for our study of the market? Real new york time or GMT timing? I have difficulties to set up my fibo line due to this case, if the lower low or upper high is on the border of the day – hope u can understand what I’m trying to say- FIGURE1.My Fibbo drawing based on proper LOW and HIGH point regardless of the daily period seperator.
   

And also in some cases, the gap of price during the weekend differ if the timing used is not the same.so i`m confused whether the chart has close the gap or not- FIGURE 2a and FIGURE 2b (I used to see the chart using the daily FX chart but now I see both metatrader and daily FX) Avoid trading GAP if you can... I already scrap away my trading GAP strategy. Different broker open and close business at different time. That's why you can see some differences with the prices. Some broker don't close at all throughout the weekends. This week I see GAP on my IBFX platform... but don't see any on my ODL platform. GAP is normal on equity market... not in Forex.

1. I set up my fibo from the most high and low price for yesterday’s price in order to predict today;s movement – FIGURE 3- is that the correct way to set up the fibo line? The fibo line value is as such : 0.0, 23.6,38.2, 50.0, 61.8, 76.4, 100.0 and I repeat the value as needed. Maybe you need one to one training on this. As for me... whenever I see possible RETRACEMENT... I just draw the fibbo. When it's wrong... I'll correct it along the way.
   

1. BUY FROM DIP

ENTRY for BFD.
it's breaking RBS >>> SBR area

what is all of those terms stand for? How to determine it or is that from any kind of indicator also? Coz I’m having difficulties to understand what said in the thread since I have no idea what that is.

Buy From Dip >>> BFD >>> When you are sure price is trending UPWARD... and late to enter the market... wait for retracement down... then execute BUY for the UPWARD continuation. Entry can be make base on Fibbo Retracement level or PA (CS formation)


SELL from Bounce >>> SFB >>> Price FREE FALL... too late to enter. Wait for retracement up... then Excecute SELL for downward continuation.



Works best on TRENDING MARKET.



6 Do u have suggestion of any other indi that might be useful to observe? or do you think that any of the indi that I used is useless to use? Feel free to give your opinion as everybody knows that indi is just an indi and it depends on the individual on which indi is suitable for themselves.
Look at my chart now that I attached in the forum. Just clutered with lines. No more indis.


As for now I can concentrate full time on this. just graduated from xxxx university doing bech. Eng. , I guess we are in the same field. I really appreciated your effort to at least listen to me and I really hope you can help me clarify my fundamental. Really hope to join the discussion in the Malaysia thread but I’m too far behind as for now. but I’ll catch up with u guys, hopefully and insyaallah. Anyway, thank you for at least reading my email. Hope to listen from u, thanks again.btw, happy belated b’day.


Some traders happy enough with TECHNICAL skill. As for me... I wanna master both TECHNICAL and FUNDAMENTAL. I use FTP approach >>> Fundamental/Technical/Perception. Fundamental as the MARKET DRIVE... use tecnical to enter/exit the market. Buy or Sell... depending on the market perception (Price Action). Sometimes market goes opposite ways to fundamental data release.



Thank you for the Birthday wishes.