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Help needed in OANDA + users from Malaysia 105 replies

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  • #18,841
  • Oct 14, 2008 7:31pm Oct 14, 2008 7:31pm
Quoting winston
Paid off if you were watching those resistance lines yesterday.
Hi guys!!!Will wait for cable and fiber to rebound after the fall....But be extra carefull since anything can happen....Good luck to all....
  • #18,842
  • Oct 14, 2008 8:15pm Oct 14, 2008 8:15pm
Morning everybody nice fall on cable and other major pairs.. i'm also waiting the rebound..Seems like cable has touch last thursday higher..GJ n AU has touch 200MA on 15m chart.. Hope got a better trade today..Gud luck everybody..
  • #18,843
  • Oct 14, 2008 9:38pm Oct 14, 2008 9:38pm
At this moment, I divided market in 3 possible scenario which is :-

1) Magenta - market already completed wave a and in progress to perform corrective wave b.
2) Yellow - market in progress to perform subwave 4 in c in a before expecting a truncated subwave 5 in c in a.
3) White - market in progress to perform subwave 4 in c in a before expecting an impulsive subwave 5 in c in a.

Therefore, overall strategy, advisable to look for any bullish continuation entry signal later from BSTS either to perform wave c in magenta or subwave 5 in yellow and white.

Good luck.
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  • #18,844
  • Oct 14, 2008 11:44pm Oct 14, 2008 11:44pm
My Technical analysis for today... penetrate above the DPP could triggered more bull for the North destination. However, if the UP TL broke downward... heavy fall is forecast to the next TL or perhaps to the weekly pivot.

Both need confirmation.... confirmed CS stays above DPP or CS breakout the TL downward. Patience.

T.A.Y.O.R.
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  • #18,845
  • Oct 15, 2008 12:05am Oct 15, 2008 12:05am
EU situation

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  • #18,846
  • Oct 15, 2008 1:08am Oct 15, 2008 1:08am
I have long positions both on fiber and cable since this morning....Sl on the green already.....Agree with Sham,both can go up or down.......Just be carefull....
  • #18,847
  • Oct 15, 2008 2:14am Oct 15, 2008 2:14am
I was reluctant to LONG when it penetrate the DPP. Turn out to be just a false Bull movement. I SHORTed near the 50% Fibbo. Now I can TP manually because reaching the TL... and Short again if the TL breakout downward.

T.A.Y.O.R.
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  • #18,848
  • Oct 15, 2008 2:27am Oct 15, 2008 2:27am
Quoting Malaysia
I was reluctant to LONG when it penetrate the DPP. Turn out to be just a false Bull movement. I SHORTed near the 50% Fibbo. Now I can TP manually because reaching the TL... and Short again if the TL breakout downward.

T.A.Y.O.R.
Wow weee... lots of Buyers at the TL... now BULL up above the DPP again.A good choice to TP already at the TL.
  • #18,849
  • Oct 15, 2008 2:34am Oct 15, 2008 2:34am
Closed all my longs and took short on cable an hour ago but sl got hit on BE....I don't know where cable and fiber are heading ....I'll just wait for confirmation.....
  • #18,850
  • Oct 15, 2008 2:40am Oct 15, 2008 2:40am
Quoting wakli
Closed all my longs and took short on cable an hour ago but sl got hit on BE....I don't know where cable and fiber are heading ....I'll just wait for confirmation.....
Perhaps... today... sideway to the East. Not North or South

http://z.about.com/d/geography/1/0/P/E/s29.JPG

Bumpy road Ahead

http://www.istockphoto.com/file_thum...road_ahead.jpg
  • #18,851
  • Oct 15, 2008 2:52am Oct 15, 2008 2:52am
What a WHIPSAW!!! Down again now... I Shorted after it penetrate the DPP... let it breakout the TL downward please. Let it be a confirmed Breakout Really BUMPY so far!!!
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  • #18,852
  • Oct 15, 2008 3:00am Oct 15, 2008 3:00am
TL still hold
I will wait till retrace 1H Fib 50 to 61.8 then might short from there depends on close of 4H candles if close below 50ema I assumed as resistance now..

Let see what London bring us..
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  • #18,853
  • Oct 15, 2008 3:07am Oct 15, 2008 3:07am
Sham,
I m new here ,
what they mean by 'price break' and after the price break will it turn the way around ?

thank you
fight your own battle
  • #18,854
  • Oct 15, 2008 3:10am Oct 15, 2008 3:10am
Quoting CarbureTor
TL still hold
I will wait till retrace 1H Fib 50 to 61.8 then might short from there depends on close of 4H candles if close below 50ema I assumed as resistance now..

Let see what London bring us..
Yep... TL on Both Cable and Fiber holding so strong!!! Now shoot up again hitting my SL on BE Better wait till confirmed Breakout if I wanna SHORT again. Or Short from 61.8% or 50% Fibbo targetting those TL again.

We could be just RANGING today ... PING PONG today... UP and Down with specific range. I am wearing my SCALPING hat now.
  • #18,855
  • Oct 15, 2008 3:14am Oct 15, 2008 3:14am
Quoting stutter
Sham,
I m new here ,
what they mean by 'price break' and after the price break will it turn the way around ?

thank you
Price BREAKOUT certain Support/Resistance line must have a complete whole CS body beyond the line. The higher TF ... the more accurate it is. The best thing with True Breakout... price move very fast and many many pips if you catch it perfectly.

Not 100% accurate and be careful with FALSE breakout. Nothing 100% accurate in Trading Forex. Just a guideline and indicator for us so that we don't shoot blindly or gambling.
  • #18,856
  • Oct 15, 2008 3:21am Oct 15, 2008 3:21am
viewing pleasure
http://www.candlesticker.com/Default.asp
  • #18,857
  • Oct 15, 2008 3:23am Oct 15, 2008 3:23am
Hayya'alas Solah.... Hayya'alal Falah!!!

p/s: Placing PO SELL below the UPTL... now I can leave the monitor for a while.
  • #18,858
  • Oct 15, 2008 3:27am Oct 15, 2008 3:27am
GJ wanna make a move ..Diving !!
Go for it babe

1HR 50ema hold the key I think ??
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  • #18,859
  • Oct 15, 2008 3:47am Oct 15, 2008 3:47am
Thats more like it...OK GJ , you got 15m to close below 1HR 50ema , I will dive with you baby , lets fill this week gap OK..
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  • #18,860
  • Oct 15, 2008 3:48am Oct 15, 2008 3:48am
Looking at M5 Chart on Cable... we can draw a nice TRIANGLE there. Ready for breakout UP or Down. Can place PO buy above the Triangle resistance and also PO sell below the Triangle Support.

Who can draw it on the chart? Attach it here so that we all can learn.
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