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Help needed in OANDA + users from Malaysia 105 replies

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  • #20,401
  • Dec 31, 2008 7:52am Dec 31, 2008 7:52am
Quoting johnbaem
Guys,

I wanna wish you prosperous new year and hopefully this incoming new numbers gonna make us much more better. Learn from our mistakes and evolve to be better. Dont let failure overcome us and do fight for it. There is no such thing for easy task to be excel in what we did.

Attach few daily charts for new year gift, if that remains the same after the price close, you might can use it for placing new year order. Happy new year!!!

EURGBP
Attachment

GBPCHF
Attachment

GBPJPY
Attachment

...
Waw bro u already have planned for next year hah super aggressive u.

I hope you dont mind if I comment on your chart.

Eu/Gbp is not BEOVB either DBHLC bro.

BEOVB must be engulf entire previous bar. DBHLC have same high but lower closed than previous body.

GB/CHF also not qualified as DBLHC. DBLHC is opposite DBHLC.
GB/CHF yesterday IB is nice if u play it but it's CT. Personally I'll take it coz the location is beutiful so much space and no traffic.

GB/JPY also not qualified as DBLHC with 30+pips diffrent at the low. Anyway bro we still a few hour before daily bar closed. Anything can happen .

Good luck
Go figure.. Simplicity work
  • #20,402
  • Dec 31, 2008 8:05am Dec 31, 2008 8:05am
Hi all,

I agree with you 100% it just that i dont look at forex as a car. I look at it like a woman. Beautiful, breath taking but at the same time it can snap your money without you even knowing (margin call...lol).

Yeah discipline is everything, only realize it after losing a few hundred dollars. To many of us it may not be much but to me it is still money. I'll share some thought of course some chart to visualize my entry. From there i hope we can study or discuss it together.

Since we have stop trading what ever chart from me is going to be next year. Happy holiday to you all....

Thanks again for welcoming me.
  • #20,403
  • Dec 31, 2008 8:11am Dec 31, 2008 8:11am
Very very careful guys,

EU weekly chart is showing a nasty nasty nasty candle...i fear for the worst...
  • #20,404
  • Dec 31, 2008 8:15am Dec 31, 2008 8:15am
Quoting johnbaem
Tok Wanden, im cluttered with CS formation so when i try to switch onto bar stuff i get confused....
My answer in bold

1) Are we considering the complete bars (eg: The total price movement from high to low) to indicate as the BeOB or BuOB formation?
Yes! Including the wick.

2) As of EU, previous 2 days candle shall be said as PB or BeOB formation but yesterday candle seems retrace more than 50% of fibo. Does it bother when you're planning for tight SL.
I don't care. What I'll do if I play that PB/BEOB with huge drawdown is minimize/adjusted my number of lot. Anyway the PB/BEOB is not valid as it not break the bar low and yesterday bar become IB. Isnt nice. Did you take it?

3) I adore your style on previous EU trade which allow you to bag many green pips! Its also shown that your SL around 30pips. Does it really safe to place SL around wick area? And if you are taking position based on any buy/sell stop position, dont you see that youll be faced with bigger SL level on that?
Is't safe? I dont know bro. Nothing is 100% sure in this bussiness bro. Remember we only go for high probability. If u see the set up, just NIKE bro dont think twice just take it. U should know the risks
Go figure.. Simplicity work
  • #20,405
  • Edited 8:24am Dec 31, 2008 8:19am | Edited 8:24am
xxxx
  • #20,406
  • Dec 31, 2008 8:23am Dec 31, 2008 8:23am
Quoting tokwanden
Waw bro u already have planned for next year hah super aggressive u.

I hope you dont mind if I comment on your chart.

Good luck
Eu/Gbp is not BEOVB either DBHLC bro.

BEOVB must be engulf entire previous bar. DBHLC have same high but lower closed than previous body. Noted, I miss that info. Thank for reminding.

GB/CHF also not qualified as DBLHC. DBLHC is opposite DBHLC. Noted since i see differences with about +50pips. Thanks!
GB/CHF yesterday IB is nice if u play it but it's CT. Personally I'll take it coz the location is beutiful so much space and no traffic. How to play IB?

GB/JPY also not qualified as DBLHC with 30+pips diffrent at the low. Anyway bro we still a few hour before daily bar closed. Anything can happen . Current low at 129.94 while previous candle at 129.78. Its about less than 20pips. Shall it be consider DBLHC when completely candle close?

Bro, my reply is in bold. I hope you dont mind share since not all forummers able to meet us since they are around globe. Thanks!
  • #20,407
  • Dec 31, 2008 9:52am Dec 31, 2008 9:52am
At this moment, I'm looking forward for a further upside trend to bolster the bullish reversal trend scenario either to complete corrective subwave a in yellow or white. But please be careful for either a bearish retracement trend to perform subwave 2 in a or major wave 5 in magenta. Good luck and Happy New Year.
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  • #20,408
  • Dec 31, 2008 10:05am Dec 31, 2008 10:05am
Quoting johnbaem
Eu/Gbp is not BEOVB either DBHLC bro.

BEOVB must be engulf entire previous bar. DBHLC have same high but lower closed than previous body. Noted, I miss that info. Thank for reminding.

GB/CHF also not qualified as DBLHC. DBLHC is opposite DBHLC. Noted since i see differences with about +50pips. Thanks!
GB/CHF yesterday IB is nice if u play it but it's CT. Personally I'll take it coz the location is beutiful so much space and no traffic. How to play IB?

GB/JPY also not qualified as DBLHC with 30+pips diffrent at the low....
To play IB is same like we play others bars set up. Place PO buy 10 pips above IB or vice versa on PO sell. The logic of 10pips breakout is to validate the trend continuation (IB itself is the trend continuation pattern). It save to play IB with the direction of the trend but I play both with the trend or counter trend(CT). I place PO on both side of the IB.

GB/CHF is a nice IB by it location, a lot of room to move. Let say if you take it, +290pip for sure with 230S/L. The R/R is 1:1 and it still have room to go! I'll show on the chart. Can u spot others IB John. How many S/L will it risk? Play it simple bro coz simplicity work! Just NIKE!

Regarding the GJ, 20pips different is huge. It can be consider DBLHC if the different around 1-5 pips. I personally pay more attention on location rather than bar formation. If the location is great, I dont mind to take the trade eventhough the bar formation is not perfect. In this case the location is beatiful and cun aka at the swing low.
Attached Image
Go figure.. Simplicity work
  • #20,409
  • Dec 31, 2008 10:18am Dec 31, 2008 10:18am
Happy New year to all. May every traders be profitable in the year 2009.
  • #20,410
  • Dec 31, 2008 10:59am Dec 31, 2008 10:59am
happy new year to all malaysian forex trader.. may 2009 bring you more prosperity than 2008..
  • #20,411
  • Dec 31, 2008 11:58am Dec 31, 2008 11:58am
Here is for those interested. This info is gold at least for me. This is what,how and when a play it.

http://www.forexfactory.com/images/attach/pdf.gif Pin bars-introduction.pdf 175.2 KB 854

http://www.forexfactory.com/images/attach/pdf.gif Pin bars-advanced.pdf 112.7 KB 679
Go figure.. Simplicity work
  • #20,412
  • Dec 31, 2008 12:26pm Dec 31, 2008 12:26pm
Quoting johnbaem
Apies, they are all married but im single and available lor!!! Thats y sometimes my EQ lil bit differ with them. They are more relax while im kinda aggressive. I shud get married i guess.. Heee..
I pray for u bro..insyaAllah in dis 2009 u`ll also get married...amin..heheh

Although u are aggressive, but u earn everyday right?? so, after getting married, it`ll be a relaxing time for u maybe....

i just came back from K.L..when i open the chart..wow...what happen to the movement on GU,AU and others? almost 300++ pips move up n down.. somebody can explain what happen actually?? is it because of the news impact??:nerd:


Happy New Year Everyone...
  • #20,413
  • Dec 31, 2008 12:37pm Dec 31, 2008 12:37pm
Happy New Year every one

May the Pips be with you
  • #20,414
  • Dec 31, 2008 3:29pm Dec 31, 2008 3:29pm
hope everyone has a very good new year
  • #20,415
  • Dec 31, 2008 9:23pm Dec 31, 2008 9:23pm
At this moment, price already made a breakout to the upper green diagonal triangle trendline but is it a true or only a false breakout ? A further breakout to the bullish continuation critical line 1 would bolster the bullish reversal trend scenario (yellow or white). Otherwise please be careful for any breakout to the major bearish continuation critical line (magenta). Good luck.
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  • #20,416
  • Dec 31, 2008 9:36pm Dec 31, 2008 9:36pm
Quoting tokwanden
Here is for those interested. This info is gold at least for me. This is what,how and when a play it.

http://www.forexfactory.com/images/attach/pdf.gif Pin bars-introduction.pdf 175.2 KB 854

http://www.forexfactory.com/images/attach/pdf.gif Pin bars-advanced.pdf 112.7 KB 679
Salam Tokwanden,Thanks for the post, I ve print em and read it this morning. Can the Pin Bar trade in smaller TF, like 1H or 30M? I found that most of the example only play >4H.

BTW Can anybody comment what happen to Cable yesterday? 1.46XX to 1.43XX in an hour! What happen to the fundimental side?

Happy new year, may 2009 bring more prosper to all trader.
Psychology = Nature = Evolving Forex Market rite?
  • #20,417
  • Dec 31, 2008 10:05pm Dec 31, 2008 10:05pm
The Last crazy move by CABLE for 2008. WTF WHIPSAW on H1

I wonder if anyone still trading last night


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  • #20,418
  • Dec 31, 2008 10:33pm Dec 31, 2008 10:33pm
Happy New Year to all! May this year bring more pips to all of us.
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  • #20,419
  • Dec 31, 2008 10:36pm Dec 31, 2008 10:36pm
Quoting Malaysia
The Last crazy move by CABLE for 2008. WTF WHIPSAW on H1

I wonder if anyone still trading last night
Miss you chart v much Sham.
Dont dare to trade yesterday. Dengar nasihat jugak akhirnya, lepas lost 20% my depo cozz of trade in Dicember. Hope January I will recover em.

After a while looking for Hole ly Grail, at last I see the best is back to simplycity, but to know how and to know when, and not having the "itch" surely a big test for a newbie.

I have a chart for EU, look like it will head much more to south after this (Jan)? Any comment? I see1.34XX is possible.
Attached Image (click to enlarge)
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Psychology = Nature = Evolving Forex Market rite?
  • #20,420
  • Dec 31, 2008 10:39pm Dec 31, 2008 10:39pm
Quoting Malaysia
The Last crazy move by CABLE for 2008. WTF WHIPSAW on H1

I wonder if anyone still trading last night


Emm...i get out early on this trade at lost 160++. This is due to a divergence of MACD in 4 hr TF. Well it is a crazy trade in this late year....
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