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Help needed in OANDA + users from Malaysia 105 replies

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  • #16,241
  • Jul 27, 2008 11:26pm Jul 27, 2008 11:26pm
Quoting Malaysia
Thank you guys It's the IBFX Summer Mini Challenge Extravaganza. FXSol also conducting Forex Tournament... too bad they don't have MT4 platform.

I'll summarised my tournament strategy once it's ended. Can't expose the strategy before the battle begin. Will do my best to update my progression in here weekly.

I'll do my best.
cayok2...
all da best bro..
may green pips always with us
  • #16,242
  • Jul 27, 2008 11:26pm Jul 27, 2008 11:26pm
Quoting johnbaem
Ranging market so far..
Expecting to see new high today..
BUT, DPP twice incapable tobreak.. short seems fine as well...
  • #16,243
  • Jul 27, 2008 11:27pm Jul 27, 2008 11:27pm
I took my SHORT around the DPP (Daily Pivot Point) with SL a few pips above the Weekly Pivot (Spread consideration).

TP... depending on the PA once the price reach SUPPORT lines.

T.A.Y.O.R.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1917.PNG Size: 82 KB
  • #16,244
  • Jul 27, 2008 11:28pm Jul 27, 2008 11:28pm
Quoting johnbaem
BUT, DPP twice incapable tobreak.. short seems fine as well...
yup,..agree on that
"A smooth sea never made a skilled mariner"
  • #16,245
  • Jul 27, 2008 11:30pm Jul 27, 2008 11:30pm
Quoting Malaysia
Thank you guys It's the IBFX Summer Mini Challenge Extravaganza. FXSol also conducting Forex Tournament... too bad they don't have MT4 platform.

I'll summarised my tournament strategy once it's ended. Can't expose the strategy before the battle begin. Will do my best to update my progression in here weekly.

I'll do my best.
all the best to you,...
"A smooth sea never made a skilled mariner"
  • #16,246
  • Jul 27, 2008 11:30pm Jul 27, 2008 11:30pm
got the sponsor already? heheheh..good luck sham..wishing u all the best...make us all proud...maybe in the future, we'll see more traders from this forum or this country to participate in such event.

good luck...show them the banana boat...
  • #16,247
  • Jul 27, 2008 11:35pm Jul 27, 2008 11:35pm
Quoting johnbaem
BUT, DPP twice incapable tobreak.. short seems fine as well...
Took my short as well. Looking for quick S1 target before UK open.

TAYOR

p:s- probably testing the water level.. should it be good for a ride or they might be cute baby shark inside?
  • #16,248
  • Jul 27, 2008 11:37pm Jul 27, 2008 11:37pm
Quoting Malaysia
Good Morning Malaysia... and traders around the world

Preparing myself for the tournament starting this coming AUGUST. Reviewing all my strategies and systems... reading back my posts and checking out my mistakes and finding the best solutions to UPGRADE my trading system. Scrap away what is bad. Polishing what is good. Time to get really serious.

If I gonna win this... 500% return and above per month is the benchmark. Very HIGH RISK MM is needed. Formulating my strategy for that. Either make or break.

Pray for my success
All the best bro
Go figure.. Simplicity work
  • #16,249
  • Jul 27, 2008 11:41pm Jul 27, 2008 11:41pm
Quoting ffbk
Hmmmm.... Were you in contention for this months IBFX? I just managed to come 107th :-(

But my account went up by > 20% :-)
Not this month bro. Will start on August. It's like killing 2 birds with one stone Eventhough can't get on the top ranking for the prizes... acc growth is also the prize.

I did participated with FXSOL Tournament last time. Reached 500% Return then fall back down to 200% . Just can't compete with the top 3 winners... they all with more than 1000% Return
  • #16,250
  • Jul 27, 2008 11:45pm Jul 27, 2008 11:45pm
Thank you Guys/Gurls for the support Tell you what... If I win the 1st prize... I treat you all for the real BANANA BOAT ride at Langkawi
  • #16,251
  • Jul 27, 2008 11:45pm Jul 27, 2008 11:45pm
Quoting Malaysia
Not this month bro. Will start on August. It's like killing 2 birds with one stone Eventhough can't get on the top ranking for the prizes... acc growth is also the prize.

I did participated with FXSOL Tournament last time. Reached 500% Return then fall back down to 200% . Just can't compete with the top 3 winners... they all with more than 1000% Return

1000% return that crazy... How do they protect their capital after all? Its risky and they really wanna win it badly aite instead they have polish skills for failure.. What i mean is, they are developing skills that might kill them once in future..
  • #16,252
  • Jul 27, 2008 11:46pm Jul 27, 2008 11:46pm
Quoting Malaysia
Thank you Guys/Gurls for the support Tell you what... If I win the 1st prize... I treat you all for the real BANANA BOAT ride at Langkawi
Chop, I wanna be on front!
  • #16,253
  • Jul 27, 2008 11:48pm Jul 27, 2008 11:48pm
Quoting Malaysia
Thank you Guys/Gurls for the support Tell you what... If I win the 1st prize... I treat you all for the real BANANA BOAT ride at Langkawi
Quoting johnbaem
Chop, I wanna be on front!
i wanna sit next to the jambu type,....
"A smooth sea never made a skilled mariner"
  • #16,254
  • Jul 27, 2008 11:59pm Jul 27, 2008 11:59pm
Quoting johnbaem
1000% return that crazy... How do they protect their capital after all? Its risky and they really wanna win it badly aite instead they have polish skills for failure.. What i mean is, they are developing skills that might kill them once in future..
One thing though... your psychology, MM, and EQ will surely altered from the normal condition once you entered competition. Sometimes... extraordinary things happen... sometimes... the opposite thing.

For me... that would induce more motivation to trade with extra caution so that perfect Entry / Exit will be efficiently executed. Not just trade for the sake of trading... trade for the sake of winning as well. Outstanding DISCIPLINE is needed.

Just like being chased with a wild dog... all the adrenaline will be pumped in into the body circulation system... making the receptors, muscles, senses, brain working more than usual. Without you noticing... you already on top of a tree... whereas under normal condition... you would had thought it is impossible for you to climb it. Huh... like the movie... WANTED... can even shoot flies wings
  • #16,255
  • Jul 28, 2008 12:10am Jul 28, 2008 12:10am
Hi guys,

actually a comp must be more flkexible these days.
% win is not all that matters.

Ones skill must be rated with the no. of trades he took and his win/loss ratio.
If he takes 1000trades and returns 900/100, i must say that he is better than a person who takes 500trades who retruns 450/50 trades.

These matters are really subjective really, which is why competetions dont really interests me.

regards
jest
  • #16,256
  • Jul 28, 2008 12:14am Jul 28, 2008 12:14am
Quoting Malaysia
I took my SHORT around the DPP (Daily Pivot Point) with SL a few pips above the Weekly Pivot (Spread consideration).

TP... depending on the PA once the price reach SUPPORT lines.

T.A.Y.O.R.
Errr... perhaps... that is not a wise move. On the Daily Chart... Uptrend still uphold. I'll surely SHORT when the Daily UPTL broke. For now... LONG looks more promising. I better get out while on the green.
Attached Image (click to enlarge)
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  • #16,257
  • Jul 28, 2008 12:22am Jul 28, 2008 12:22am
hi sham, you're with ibfx right? Your cable data feed is ok because mine is not a few minutes ago. Just want to confirm.
  • #16,258
  • Jul 28, 2008 12:29am Jul 28, 2008 12:29am
Quoting sky-walker
hi sham, you're with ibfx right? Your cable data feed is ok because mine is not a few minutes ago. Just want to confirm.
I'm with IBFX, MIG, Crown FX, ODL... yes... IBFX platform normally hanged. That's what I don't like about them. The bigger lots you placed... the more likely you gonna get slipage. Funny isn't it? Different brokers with different ADVANTAGE/DISADVANTAGE.

I have found the best broker for me.. I think... suites my trading style... and it's not IBFX. So far so good. Not my job/interest to promote brokers over here... I get nothing from them.

  • #16,259
  • Jul 28, 2008 12:29am Jul 28, 2008 12:29am
Quoting Malaysia
Errr... perhaps... that is not a wise move. On the Daily Chart... Uptrend still uphold. I'll surely SHORT when the Daily UPTL broke. For now... LONG looks more promising. I better get out while on the green.
Did you get out of the short position? It's moved down a bit now.
Expected the unexpected
  • #16,260
  • Jul 28, 2008 12:34am Jul 28, 2008 12:34am
Quoting scyang
Did you get out of the short position? It's moved down a bit now.
I did. I'll SHORT again once the SUPPORT line is broken. As right now I am thinking to go LONG at the support line with tight SL and with PO SELL on that SL.

T.A.Y.O.R.
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