Malaysia

Due to the bearish continuation trend, please be noted that the previous alt count in magenta already invalid. Therefore please analyse the latest possible recount waves. I'm still looking forward for a bullish reversal (magenta or yellow) trend once wave 5 is completed. But please be careful for any extension of wave 5 (white). Good luck and happy weekends.

Here are my predictions for the ranges and biases of
the four major Forex pairs:

* EUR/USD: Looking for prices to move between
1.3532 and 1.3823. The EUR/USD closed down
during today's session. This pair is moving lower
and has a negative bias at this time.

* USD/JPY: Looking for prices to move between
98.55 and 101.81. The USD/JPY closed up
for today's session to form an inside bar. Look for a
breakout to occur. This pair is moving lower and
has a negative bias at this time.

* GBP/USD: Looking for this pair to move between
1.7003 and 1.7435. The GBP/USD closed down for
today's session. This pair is moving lower and
has a negative bias at this time.

* USD/CHF: Looking for this pair to move between
1.1196 and 1.1380. The USD/CHF closed up during
today's session to form an inside bar. This pair is
moving higher and has a positive bias at this time.

Good luck...

Hi Fellow Malaysians,

I was wondering anyone here using hand held device such as PDA to trade forex? I am planning to get one for my trading. Pls advice. Thanks.

awesome. Can u share your method for that trade? hehe

hey babyboy, nice to hear that you're holding some greens !

well, today was a super blur day 4 me haha... I tot i shorted the GU pair wen it fell but guess wat? I wrongly entered the trade in the other direction which was a BUY!!! ouch !!! this is the 2nd time i made such a mistake the 1st was on a demo ac and this is on my LIVE ac!!! damn.. anyhow managed to close that trade with minimal losses... well, was I damn agitated that time and shorted again the GU but this time it hit my loss and dragged my ac lower for the week... ouch again...
currently still -6% on my ac but had learned quite alot from the minor losses that i made.. jz treat it as tuition fee hehe!

well, looking back i think i was somehow got disturbed emotionally after making a string of mistakes this week and 'missing' some good trades... DEMO and LIVE ac is totally different in terms of emotion and psychology, making profits in DEMO was pretty simple but not on LIVE as the 2 elements will play around in ur mind.

anyhow this is my analysis for GU..
seems like its forming a bearish penant and a break below the penant support will see the pair retesting the low at 1.6800 and breaking the resistance will see the pair retesting the resistance at 1.7000

happy trading guys !

Happy weekend every1.

i would use a notebook computer screen is bigger

You mean use notebook when traveling? Need to subcribe wifi?

where is everyone? at the cafe?

http://images.google.com.my/url?q=ht...5oa9FJfp4dGDrg

Now this thread is 1 year old already

http://www.gralon.net/cartes-virtuel...y-birthday.jpg

Sorry guys... I have been very busy since the Aidil Fitri Celebration. Went back to my wife's village at Kedah. After a week there I went to my village at Pahang to organize my Brother's Wedding Day. The wedding took place yesterday. Now I am back in KL Home sweet home. Business as usual tomorrow What have I missed?

Happy Birthday "Malaysia Thread", still alive and will be.

happy bday "malaysia thread"
wow long holiday ya... market been very exciting lately with AU falling more than 1K pips last week and emergency coordinate rate cuts. anyhow welcome back bro !

happy trading !

Happy Birthday "Malaysia Thread"

Happy Birthday "Malaysia Thread"

Eur/usd........

Hello there malaysia thread.
I am a sarawakian, and still vergry vergry new in this Forex thing. I ve read this forum from the beginning, and i find it very2 helpfull.

Congrats, to founder...

tabik spring. (toing)

Anniversary? You Rock Malaysia!

Still remember you guys!!! More power to the same old guys and may the force be with all the newcomers!!

Samurai Pip

Looking at the Monthly Chart.... 50% Median (yellow Fibbo) already broken. Could be testing 61.8% Fibbo next. Judging by the white Fibbo... 100% Retracement completed and Cable closed exactly on the 100% level (white Fibbo) last week after having dip further down than the level. That 100% level looks fragile and I see 161.8% Fibbo extension could be the next target.

The bear looks so strong at the moment. However, looking at the past data from the Monthly Chart... the Bear is roaming in the Congestion Area right now. We could have a very bumpy ride ahead.

Lowering down the TF... looking at the H4 chart... the DownTrend line still intact. I will go with the BULL only if the DownTL (Blue) broken upward.

My prefered strategy now... SELL FROM BOUNCE unless the DownTL broken.

These are only my Technical Analysis... eagle eyes on the Fundamental as well that drives the market.

T.A.Y.O.R.

Alert on the Daily CS as well... if this coming Monday CS closed as BULLISH CS... that could be sign of reversal and the BULL shall reign again. Last Friday CS looks like a Hammer CS (strong retaliation to dip down further as shown by the long shadow) that could form a Morning Star CS formation if Monday's CS is bullish. Sign of reversal? Whatever it is... as long as the Down TL still intact... bearish movement still valid.

Tough decision to make... Bull or Bear? Safe side... wait for confirmation.

T.A.Y.O.R.