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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #16,381
  • Jul 28, 2008 10:37pm Jul 28, 2008 10:37pm
Quoting Malaysia
Missed the good entry. Got SHORT at a cheaper price Forgot to place PO. How are you doing?
I'm doing good! I love PO, it's hard to set them and walk away at first, but they really help take the emotion out of the trade.
Just digging in the trenches like everyone else!
  • #16,382
  • Jul 28, 2008 10:39pm Jul 28, 2008 10:39pm
thoughts on gu and geppy? anyone?
  • #16,383
  • Jul 28, 2008 10:41pm Jul 28, 2008 10:41pm
Quoting Malaysia
It shoot up till the H4 DT Channel Resistance. Typical me... touch Resistance... I just SHORT with tight SL. If breakout upperside... that would hit SL and I'll go LONG.

T.A.Y.O.R.
yea,... got riding partner.
Attached Image
"A smooth sea never made a skilled mariner"
  • #16,384
  • Jul 28, 2008 10:52pm Jul 28, 2008 10:52pm
Hi guys!!!This thread so active nowadays.....Nice to see that....As for today will wait until later today to enter trading......Good luck to all....
  • #16,385
  • Jul 28, 2008 10:55pm Jul 28, 2008 10:55pm
From last high and previous low, if the price stuck at 61.8= 9910, 50.0=9900 fibo, ill place another long position..

Its waiting game for now..
  • #16,386
  • Jul 28, 2008 11:05pm Jul 28, 2008 11:05pm
Quoting johnbaem
From last high and previous low, if the price stuck at 61.8= 9910, 50.0=9900 fibo, ill place another long position..

Its waiting game for now..
Same here bro. I'm wacthing hawkishly the PA now. Waiting for good entry for long.
Go figure.. Simplicity work
  • #16,387
  • Jul 28, 2008 11:13pm Jul 28, 2008 11:13pm
Quoting tokwanden
Same here bro. I'm wacthing hawkishly the PA now. Waiting for good entry for long.
This is your judgement when kids around or not?
  • #16,388
  • Jul 28, 2008 11:18pm Jul 28, 2008 11:18pm
Quoting johnbaem
This is your judgement when kids around or not?
Always!! I just dont bother them for a moment when I'm trying to focus for a trade.
Go figure.. Simplicity work
  • #16,389
  • Jul 28, 2008 11:37pm Jul 28, 2008 11:37pm
need to consider the priced in actions for

6:00pm GBPhttp://www.forexfactory.com/images/m...act_medium.gifCBI Distributive Trades Realized
http://www.forexfactory.com/images/m...dar_detail.gif
-15-9
  • #16,390
  • Jul 28, 2008 11:45pm Jul 28, 2008 11:45pm
Today battle... is rather plain and simple. Either Daily Uptrend Channel gonna hold up... OR... H4 Downtrend Channel gonna hold down. Either one must break today.

Worse case scenario... both H4 and Daily Channel are stubborn... and we ended up with Doji CS on the daily chart.

T.A.Y.O.R.
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  • #16,391
  • Jul 29, 2008 12:08am Jul 29, 2008 12:08am
What I know... On my H4 chart... that Doji CS formed with long shadow upward when the Bull touched the Resistance line on top of the Channel... still valid as REVERSAL signal... meaning Down Force Movement is likely gonna happen. Technically speaking.
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  • #16,392
  • Jul 29, 2008 12:14am Jul 29, 2008 12:14am
The continuation pattern should be taken into consideration too...
  • #16,393
  • Jul 29, 2008 12:14am Jul 29, 2008 12:14am
However, looking at the Daily Chart... that Bullish Piercing CS at the bottom of the Channel contradict Downforce signal on H4. On the Daily Chart... Upward Force seems strong.

Contradiction: Higher TF vs Lower TF situation. High probability Higer TF gonna win.
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  • #16,394
  • Jul 29, 2008 12:19am Jul 29, 2008 12:19am
Not that easy... yesterday trade was purely Technical. Today... different psychology. In a situation like this... FUNDAMENTAL Analysis is vital. We've got some news coming out from UK later on. Watch out! These will surely drive the CABLE market today... and everything being forecast lower than the past data.
4:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Mortgage Approvals ??? 37K 42K
4:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Net Lending to Individuals m/m ??? 5.0B 5.4B
6:00pm GBP http://www.forexfactory.com/images/m...act_medium.gif CBI Distributive Trades Realized ??? -15 -9
  • #16,395
  • Jul 29, 2008 12:27am Jul 29, 2008 12:27am
As I already mentioned. I already took my SHORT around the H4 Channel resistance area. Good R&R ratio if that Channel hold strong downward.

If I am wrong... my SL will get hit above the Channel Resistance area... and I'll go LONG for Breakout entry.

That's my Plan and Strategy for the possibility being offered today. I'll change strategy from time to time depending to variables change. Variables change... everything else change. Don't get married to your position. Be flexible... like the market.
  • #16,396
  • Jul 29, 2008 12:29am Jul 29, 2008 12:29am
Hayya'alal Solah... Hayya'alal Falah!!!
  • #16,397
  • Jul 29, 2008 12:32am Jul 29, 2008 12:32am
Quoting Malaysia
As I already mentioned. I already took my SHORT around the H4 Channel resistance area. Good R&R ratio if that Channel hold strong downward.

If I am wrong... my SL will get hit above the Channel Resistance area... and I'll go LONG for Breakout entry.

That's my Plan and Strategy for the possibility being offered today. I'll change strategy from time to time depending to variables change. Variables change... everything else change. Don't get married to your position. Be flexible... like the market.
Haha ... what a good quote...
Banker please return my pipins.
  • #16,398
  • Jul 29, 2008 12:51am Jul 29, 2008 12:51am
Look Good..

Attached Image (click to enlarge)
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Lets aiming for the R1 around 9990 level...
  • #16,399
  • Jul 29, 2008 1:11am Jul 29, 2008 1:11am
Lets the fall begin Fibre and Gold already plunging down.

  • #16,400
  • Jul 29, 2008 1:18am Jul 29, 2008 1:18am
EU H1 UPTL is in danger... being tested now by the raging Bear. Break or no Break? Pick your side.
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