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Help needed in OANDA + users from Malaysia 105 replies

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  • #18,321
  • Sep 9, 2008 10:09pm Sep 9, 2008 10:09pm
Thanks Bro... Current market ranging. Am keeping my eye on EUR/USD, GBP/USD and NZD/USD

4h still points its down trend but will wait till 1-3pm today.

Quoting xeNOS
well, according to the pros a descent system can even hv mayb 3-4 losses in a row.. so its perfectly ok for a system to be wrong sometimes... thats jz part of trading jz that v need to stick closely to our MM rules so that those losses wont eat too severely into our ac

best time for trading would be from 3PM to 12PM (M'sia time) dats the time most volatility occurs (3PM london open) u can refer to this for market hours

http://fxtrade.oanda.com/resources/fxmarkethours/

happy trading !
  • #18,322
  • Sep 9, 2008 11:40pm Sep 9, 2008 11:40pm
Quoting xeNOS
morning, sorsurus ! must practice to trade with stoploss i guess thats the golden rule of thumb in any trading btw did the education material help ? if u in KL and wan it in hardcopy for easier reading i can help do PM me bro!

happy trading !
hi! bro :

Is it ok for to to share with me the link for the ebook? hehhe me also need to read further on FX...huhuhuhh

Thanks
  • #18,323
  • Sep 10, 2008 12:44am Sep 10, 2008 12:44am
Quoting Ritz
Who here support PKR?
you are on wrong room.......
at last i`ve found a holygrail........
  • #18,324
  • Sep 10, 2008 12:55am Sep 10, 2008 12:55am
Keep the discussion healthy on Forex. No Politic please. Thank you.
  • #18,325
  • Sep 10, 2008 1:00am Sep 10, 2008 1:00am
Both Cable and Fiber are above the DPP... Plus the Daily CS showing sign of the Bear exhaustion... I am bias with the BULL... Unless it dive below the DPP for today.
  • #18,326
  • Sep 10, 2008 2:13am Sep 10, 2008 2:13am
Quoting Malaysia
Both Cable and Fiber are above the DPP... Plus the Daily CS showing sign of the Bear exhaustion... I am bias with the BULL... Unless it dive below the DPP for today.
Afternoon people,

I already on long for EU. The formation is likely the same with GU.
  • #18,327
  • Sep 10, 2008 3:57am Sep 10, 2008 3:57am
hehe always miss the bus in mauritania...
never mind lah...will join the competition held by instafx later...ehehe, no berapa tatau ler....
  • #18,328
  • Sep 10, 2008 4:01am Sep 10, 2008 4:01am
last time, bear start it's move at the end of july....all around august, it conquer the market with its huge claw...

now it is either ranging market or bull already wake up from sleeping...
looking at economic momentum in euro.....
and unsettled financial problem in US, i guess it is ranging market for now on....

but that is my guess only.......tah betul tah idak.....just applying macro economy to FX.
triangle system - bull, ranging,bear
bear, ranging, bull.....

hehehehehe
  • #18,329
  • Sep 10, 2008 4:14am Sep 10, 2008 4:14am
Hi Guys..

Wats wrong with the market today? Like no activity 1 leh... heheh.. went short on e/u and g/u

Wrong mistake???

Selamat berbuka Puasa...
  • #18,330
  • Sep 10, 2008 5:08am Sep 10, 2008 5:08am
Quoting bujal38
last time, bear start it's move at the end of july....all around august, it conquer the market with its huge claw...

now it is either ranging market or bull already wake up from sleeping...
looking at economic momentum in euro.....
and unsettled financial problem in US, i guess it is ranging market for now on....

but that is my guess only.......tah betul tah idak.....just applying macro economy to FX.
triangle system - bull, ranging,bear
bear, ranging, bull.....

hehehehehe
Bro,

when will you return KL? i need to talk few things with you lor.. come back home!!! we miss u alot!!

p:s- buek gapo dok mauri lama2....
  • #18,331
  • Sep 10, 2008 5:09am Sep 10, 2008 5:09am
Quoting johnbaem
Afternoon people,

I already on long for EU. The formation is likely the same with GU.
Have to cut loses.. Trow another battle. Kinda weird market nowadays..
  • #18,332
  • Sep 10, 2008 6:27am Sep 10, 2008 6:27am
hm... seems like GU is trying for a breakout lower from the bearish flag formation.. but its still too soon to confirm a real breakout as of now... IMO if the pair retraces back to the flag's support and failed then it might be a better chance of a lower breakout to continue lower... if it doesnt then mayb a retracement would be in the cards...
http://i271.photobucket.com/albums/j...ao168/GU-1.jpg

on the 15mins chart the stronger trend here indicated by DEMA is still bearish, with stoch clearly at the oversold area... its therefore wise to wait for stoch points up again and subsequently points down to signal a sell entry.... what d'u think guys ?
http://i271.photobucket.com/albums/j...hao168/GU2.jpg
  • #18,333
  • Sep 10, 2008 7:10am Sep 10, 2008 7:10am
Quoting xeNOS
well, according to the pros a descent system can even hv mayb 3-4 losses in a row.. so its perfectly ok for a system to be wrong sometimes... thats jz part of trading jz that v need to stick closely to our MM rules so that those losses wont eat too severely into our ac

best time for trading would be from 3PM to 12PM (M'sia time) dats the time most volatility occurs (3PM london open) u can refer to this for market hours

http://fxtrade.oanda.com/resources/fxmarkethours/

happy trading !

I guess u mean 3PM to 12AM.. hehe
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #18,334
  • Sep 10, 2008 7:47am Sep 10, 2008 7:47am
Quoting Yngwie
I guess u mean 3PM to 12AM.. hehe
oh yeah ho.... haha... thx for correcting that bro !
nw market sideways, seems that the lehman and earthquake news had halted USD advance.. well, the GU is still below the bearish flag lower support. lets see....
  • #18,335
  • Sep 10, 2008 11:39am Sep 10, 2008 11:39am
oh.... ranging n slow market from US start..... din manage to put a proper trade 2day.. except for 1 on impulse.. well it actually was a winning 1.. but i bail out from it due to some psychological contradiction...as a result erased some minute gains from my NAV,luckily its still green for now lesson learned... never trade on impulse... esecially when u feel the market is too boring.. must follow rules ! nitez guys !

btw... any good books to recommend for reading ? must cont to gain more knowledge
  • #18,336
  • Sep 10, 2008 7:15pm Sep 10, 2008 7:15pm
Hi Guys...

Made 1,400 + from yesterday. Went short on eu and GU. 2minis. Heh.. Now looks like gonna rebound back to 1.4011 on EU and from there if the signal are right, gonna move to 1.3899?

heheh.. fingers crossed. Thanks to xeNOS for telling me about babypips and Sham for this great thread!!!

Mac
  • #18,337
  • Sep 10, 2008 9:02pm Sep 10, 2008 9:02pm
Morning guys!!!Didn't trade at all yesterday due to ranging condition....Too risky....Will see whether UDS rally will continue or long awaited pullback happens today....Good luck to all....
  • #18,338
  • Sep 10, 2008 10:24pm Sep 10, 2008 10:24pm
At this moment, I'm still waiting for a true breakout either to the upper or lower teal triangle trendline before I can determine which alt count is more favourable. Overall, I'm looking for an opportunity for a bullish reversal trend once wave 5 is completed. But please be extra careful for a bearish continuation scenario referring to the alt count in yellow. Good luck.
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  • #18,339
  • Sep 10, 2008 10:47pm Sep 10, 2008 10:47pm
Quoting Mcdegoh
Hi Guys...

Made 1,400 + from yesterday. Went short on eu and GU. 2minis. Heh.. Now looks like gonna rebound back to 1.4011 on EU and from there if the signal are right, gonna move to 1.3899?

heheh.. fingers crossed. Thanks to xeNOS for telling me about babypips and Sham for this great thread!!!

Mac
haha, ur alwiz welcome bro ! bet u must be very excited nw with the oppurtunity that FX can offer
so hw many pips gain was that ?

happy trading !
  • #18,340
  • Sep 10, 2008 10:59pm Sep 10, 2008 10:59pm
morning guys !

well, it seems that the bearish continuation flag on the 1H TF of GU had been completed 2day... at the break of the support prices were hovering jz below the flag support without moving back into it, as mixed sentiment was created from US news lingers on...
at around 5AM (M'sia time) news of unexpected 50bp RBNZ rate cut had helped to push the pair lower...
price now hovering at the psychological level of 1.7500... if there is enuf bad news for GBP or good news for USD.. the support might be broken and v would see the pair finding next support level at 1.700.

http://i271.photobucket.com/albums/j...hao168/GU3.jpg
happy trading !
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