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Help needed in OANDA + users from Malaysia 105 replies

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  • #19,921
  • Nov 20, 2008 8:35am Nov 20, 2008 8:35am
Quoting Rasheed

Grodot do you agree with this?
I believe it start bouncing now right?

an i put Sell Stop at
0.8330

My Fren Rasheed

After second look at EURGBP chart I think the right position to SELL would be at the projected TL so , you can decide whether it will be SFB or break-out ..
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R1 BPL R2 FA R3 CL ALL still ON
  • #19,922
  • Nov 20, 2008 8:41am Nov 20, 2008 8:41am
Quoting GrodoT
OK me done today...

Closed 1 of my GJ short with + 220 and let the other 1 dive to the abyss(hopefully) - haved moved SL to minimal loss possible..about 35pips SL

GBPChf also closed with + 37 only.

Good Night everbody..
Good job Grodot!!!!Felt sleepy already so I might leave my short sl few pips on the green and call it a day.....
  • #19,923
  • Nov 20, 2008 9:12am Nov 20, 2008 9:12am
Quoting tokwanden
Well done bro. I'm wacthing EU now. I plan to short when it reach 38% fibo for small pips.
Damn! Just 13 pips before 38% fibo, bang!!! Down again.

p/s tak sempat nak tekan butang daaa
Go figure.. Simplicity work
  • #19,924
  • Nov 20, 2008 9:22am Nov 20, 2008 9:22am
Quoting tokwanden
I'm in E/CHF at 1.5273. S/L 10 pips above yesterday high. Major trend still down. Price has reach 50% fibo yesterday and retrace and become PB.
It's look good so far. I'm going to hold this till 1.4940
Go figure.. Simplicity work
  • #19,925
  • Nov 20, 2008 9:27am Nov 20, 2008 9:27am
U/j is another pair I'm eyeing. I'm long if it closed above 94.55 and short below 94.50
Go figure.. Simplicity work
  • #19,926
  • Nov 20, 2008 9:41am Nov 20, 2008 9:41am
Quoting tokwanden
It's look good so far. I'm going to hold this till 1.4940
Looks good Bro ...
R1 BPL R2 FA R3 CL ALL still ON
  • #19,927
  • Nov 20, 2008 5:14pm Nov 20, 2008 5:14pm
I Just short cable @ 1HR 5SMA near my projected TL
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R1 BPL R2 FA R3 CL ALL still ON
  • #19,928
  • Nov 20, 2008 5:23pm Nov 20, 2008 5:23pm
Quoting GrodoT
My Fren Rasheed

After second look at EURGBP chart I think the right position to SELL would be at the projected TL so , you can decide whether it will be SFB or break-out ..

My SL hit last nite, and again i return Zero Zorro... Hahaha... This week a play and i met a lot of Zorro in my trade. haha...

My GU sell stop hit at 1.4796

Learning, is a never ending processs...
  • #19,929
  • Nov 20, 2008 6:51pm Nov 20, 2008 6:51pm
At this moment, due to further downside trend, I'm looking forward a possibility for the completion of truncated wave 5 (yellow) or an impulsive wave 5 (magenta) before expecting a bullish reversal trend to perform corrective a, b and c. Please be careul for any "throw over" and a bearish trap scenario. Good luck and happy weekends.
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  • #19,930
  • Nov 20, 2008 9:02pm Nov 20, 2008 9:02pm
A'kum and Hello to all

Long time no see... I've been busy with teaching Fx at my house plus concentrating on the competition.

Bad news... today is the last day of the competition and I already had Margin Called

Deposit USD100 only... I got it until USD7K within a month. Did withdraw USD1K for my pocket money this month. Then... the rest... all gone like a wind. I did traded with 10standard lots for 4 times with that acc. That was the killer. Leverage 1:500

Anyway... with the rebet plus withdrawal made USD1K. I actually still on the GREEN

Never give up... will enter again the competition next year.

If you think I am bluffing... and not telling the truth. Click on this link and register to get the Platform.

<a href="https://fxmalay.cabinet.fxopen.com/Actions/Redirect.ashx?Agent=117041">Registration</a>

Then Login my ID and use the Investor password. Check out the statement yourself

Login: 117041
Investor Pw: 8wbbKuv
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  • #19,931
  • Nov 20, 2008 9:26pm Nov 20, 2008 9:26pm
If you guys been here in this thread from the very beginning... so far I had entered 3 competitions.

Fist one with FX Sol.

2nd one with IBFX.

3rd one with FX Malay.

Of all the competitions... I successfully placed my name on the top rank, even no1. However just for a short while since... every time by the end of the dateline... I got Stop Out!!!

This is my problem now... sometimes I can be over confidence... too much. My weakness that I need to counter and fix.

That will be my new year resolution next year. It's easy to be on the top... but it's damn hard to sustain and remains on the top. I'll strive harder for that... to remain on the top.

I got issues with myself. Need to overhaul my trading style and strategy. Hmmm...I think they are perfect enough... just need to have more discipline and scrap off the GREEDINESS in me. EQ still need to be IMPROVISED.

p/s: It's Friday today. "moh kita ke Masjid dulu".
  • #19,932
  • Nov 20, 2008 11:15pm Nov 20, 2008 11:15pm

We miss your post...


Am i ploting this EU right?


ps:There's always another day...

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Learning, is a never ending processs...
  • #19,933
  • Nov 21, 2008 12:15am Nov 21, 2008 12:15am
Quoting Rasheed

We miss your post...


Am i ploting this EU right?


ps:There's always another day...

Looks ok But you only got the Resistance TL... you missed the Support TL.

If you can... differentiate the major TL with thicker lines and different colour. Use thinner line for minor TL with other colour. Then you know which one to prioritized. Minor TL sometimes full with false breakout. Full concentration and anticipation when MAJOR TL is reached.

Place order for reversal is TL is touched with tight SL. Then can also place Pending Order at that SL for possible BREAKOUT. Then you'll equiped yourself with double edge sword. Drawdown... bad things happen if price just spike and making false breakout... it happen sometimes. Nothing is 100% perfect in trading Forex... NOTHING.

p/s: I am no GURU... I am just a friend helping others and I am still a NEWBIE... still learning like you all.
  • #19,934
  • Nov 21, 2008 12:54am Nov 21, 2008 12:54am
Oledy close my long manually...now waiting signal for SFB..
but i`m only enter when there is a conformation,otherwise...watch sideline b`coze today is friday..
so, anyone still alive here????

neway, congrat to our sifu sham for the winning so much competition..
do you have your own robot bro?sorry to ask..
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  • #19,935
  • Nov 21, 2008 1:12am Nov 21, 2008 1:12am
Quoting GrodoT
I Just short cable @ 1HR 5SMA near my projected TL
Good Afternoon MY Gmt+8 traders

Early morning short hit SL , burnt -35 ..
Now me enter again with BEAR @ 1.4870 at level D 5Sma
SL few pips above yesterday high..
TP1 yesterday low , TP2 - will set later..

So pls TAYOR
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  • #19,936
  • Nov 21, 2008 1:37am Nov 21, 2008 1:37am
Quoting GrodoT
I found good setup for myself with GJ..
Entered GJ with BEAR when current CS retrace @ 1HR 5sma - SL few pips today high about 100pips + and TP last week low..

Pls TAYOR

TP reached last night ..banked + 360

Now me DIVE again right just below small Fib retracement 76.4 - SL few pips above 76.4 Fib. TP1 yesterday low - TP2 I don't know where to set maybe 129 he he he (Gelojoh nie)

So, pls TAYOR
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R1 BPL R2 FA R3 CL ALL still ON
  • #19,937
  • Nov 21, 2008 1:51am Nov 21, 2008 1:51am
Quoting Malaysia
Looks ok But you only got the Resistance TL... you missed the Support TL.

If you can... differentiate the major TL with thicker lines and different colour. Use thinner line for minor TL with other colour. Then you know which one to prioritized. Minor TL sometimes full with false breakout. Full concentration and anticipation when MAJOR TL is reached.

[font=Comic Sans MS]Place order for reversal is TL is touched with tight SL. Then can also place Pending Order at that SL for possible...

what do u think about this gbp/jpy plz? is it false break out?
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  • #19,938
  • Nov 21, 2008 2:25am Nov 21, 2008 2:25am
Quoting peyman
what do u think about this gbp/jpy plz? is it false break out?
Wow weee... looks like a false breakout. Anyway... I am not really familiar with GJ psychology. Most of the time I am staying away from it since SL at least 100pips or more is needed. Very volatile that pair is.

If I were you... I already placed BUY order at the support line with SL at least 100pips. Then if the SL got hit... I wait for breakout confirmation and enter SELL with SL a few pips above the support line (SBR line). If both SL got hit... I call off the day with huge loss and trade again the next day.

When Price tumble down so much already... be extra careful to SHORT. Best bet is SELL FROM BOUNCE whenever it reached the Resistance.

Nowadays, Forex market is so much affected by EQUITY... Dow Jones Industrial for instant. The market (NYSE) will open at 10:30pm Malaysia time... If DJI tumble down again... then only you can see GJ free fall again. But that's a long hours to go from now.

I can see that You SHORTED before the Breakout... safer to SHORT after the breakout (SFB) with SL above the broken SUPPORT line... at least if FALSE Breakout... your SL already had been hit and you'll got a clear mind to reenter the market again when the next SET UP is seen. No SET UP... No ENTRY.

SET UP can be in lower TF if you are scalping with tight SL and TP. Set up can be on longer TF with bigger SL and bigger TP.

I don't know how many margin percentage you've placed for that SHORT. If you can survive... the proper SL could be a few pips above the Resistance TL... which is way to far away from your entry. Oh Mannnnnn....

I don't want to induce anything... you took that trade... take the responsibility of it. It's always good to take out loss immidiately once you noticed that the market is actually going the opposite way.

In your case.... the MAJOR/STRONG resistance is still far away. Your only hope is the MINOR resistance is holding strong (get that from previous price behaviour and Fibbo). However, HOPE got nothing to do with the real TRADING itself.

It's your own call... take loss... or HOPE the price will fall back down. Probability for the price to fall back down is when it reach RESISTANCE line or cirtain Fibbo. Can you survive till then?

Trade At Your Own Risk.
  • #19,939
  • Nov 21, 2008 2:30am Nov 21, 2008 2:30am
Quoting apies84
Oledy close my long manually...now waiting signal for SFB..
but i`m only enter when there is a conformation,otherwise...watch sideline b`coze today is friday..
so, anyone still alive here????

neway, congrat to our sifu sham for the winning so much competition..
do you have your own robot bro?sorry to ask..
Hurmm... I never actually win the competition Read again my past post. I tumbled down at the end of it.

Sorry... never trust ROBOT. It's just me... but some people can profit from ROBOT. It's a personal preference. What I've learnt so far... ain't no easy way for this.
  • #19,940
  • Nov 21, 2008 2:47am Nov 21, 2008 2:47am
Quoting Malaysia
Hurmm... I never actually win the competition Read again my past post. I tumbled down at the end of it.

Sorry... never trust ROBOT. It's just me... but some people can profit from ROBOT. It's a personal preference. What I've learnt so far... ain't no easy way for this.

So, U`re the robot right?jokin`...
I know u`re are not winning for the 1st place in every competition, but to place your name at the top ranking is a very difficult. u already make it bro... so, congrat to you again...heheh
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