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Help needed in OANDA + users from Malaysia 105 replies

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  • #21,981
  • Jan 12, 2010 9:43am Jan 12, 2010 9:43am
Quoting gilos
i'm actually interested more with Andrew Cardwell interpretation of rsi bcoz it can determine the trend better than wilder's...and for me, default setting 14 is ok oredi... but that is open to discussion...that's why i asked for guys in Malaysia who use rsi...if there is any here...

annyway, thanx for ur post...
Well bro, Good luck to you
  • #21,982
  • Jan 12, 2010 10:49am Jan 12, 2010 10:49am
Quoting stewart_2611
nothing special about RSI..that is what I can say...RSI is only good if you use daily chart to see the RSI to know either the trend is up or down and you find the entries in smaller timeframe such as less than H1...
how do you read the trend using rsi to know either trend is up or down...wilder style or different ones?

I also use HH HL, LH LL...but what happen when after price makes HH, it also makes LL? that's the question Martin Pring also ask...
  • #21,983
  • Jan 12, 2010 5:04pm Jan 12, 2010 5:04pm
Good Morning Malaysia!! Happy trading...
  • #21,984
  • Jan 12, 2010 5:20pm Jan 12, 2010 5:20pm
Quoting stewart_2611
let see if EU bounce from 38.2% fibonnaci level..

Hi Stewart,

Look like it is bouncing back from 38.2 fibo level.

Will you still waiting for the Price to drop till you Sell level then short the pair?

Cheers

Ricky
  • #21,985
  • Jan 12, 2010 7:51pm Jan 12, 2010 7:51pm
Quoting gilos
how do you read the trend using rsi to know either trend is up or down...wilder style or different ones?

I also use HH HL, LH LL...but what happen when after price makes HH, it also makes LL? that's the question Martin Pring also ask...
to use RSI very simple..for example we go short for UJ pair today...
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  • #21,986
  • Jan 12, 2010 11:10pm Jan 12, 2010 11:10pm
Gbp vs Jpy (1H) - At this moment, I'm looking forwards for another bearish continuation trend scenario to complete wave 3 in white. But please be careful for any possibility towards a bullish retracement trend scenario to perform subwave ii in white before expecting for another bearish continuation trend.

Eur vs Usd (Weekly) - At this moment, I believed market in progress to perform a major corrective wave C either in white or magenta. Please be careful for any possibility towards a bullish retracement trend to perform subwave in white. Favourably, I'm looking forwards for a further bearish extension of subwave 1 in magenta before expecting for any bullish retracement trend scenario. Good luck.
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  • #21,987
  • Jan 13, 2010 4:46pm Jan 13, 2010 4:46pm
Good Morning Malaysia!.. happy trading guys..

ps: gj ranging?
  • #21,988
  • Jan 13, 2010 9:19pm Jan 13, 2010 9:19pm
At this moment, I'm looking for a bearish reversal trend scenario (diagonal triangle pattern) at tf M30 either in white or magenta. Therefore advisable to look for any good opportunity towards a bearish entry from BSTS later. A false breakout scenario and a pullback from the upper green trendline would bolster towards this scenario. Otherwise, please be careful for any breakout towards the white critical line. Good luck.
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  • #21,989
  • Jan 14, 2010 5:20pm Jan 14, 2010 5:20pm
Good morning malaysia...come on GJ..we dont need another roller coaster this week lol..
  • #21,990
  • Jan 14, 2010 10:59pm Jan 14, 2010 10:59pm
Gbp vs Jpy (1H) - At this moment, market just bounce again from the lower TL. A pullback from the pivot critical line and followed by breakout towards the S3 critical line would bolster to the alt count in white scenario. Otherwise, we may see another bullish rally to complete the corrective wave e and 2 in magenta.

Gbp vs Jpy (4H) - Please be careful for a possibility towards another bullish rally to perform corrective wave e and 2 in magenta.

Gbp vs Jpy (Daily) - Favourably, I'm looking forward for a valid rising wedge bearish continuation pattern scenario to complete major wave 5 either in white or magenta. Otherwise, please be careful for any truncated major wave 5 scenario in yellow. Happy weekends and good luck.
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  • #21,991
  • Jan 15, 2010 12:04am Jan 15, 2010 12:04am
It's a wise choice to deal with currency pair that is less volatile and look for the best time to enter the trade. This past week since Monday, I've seen most of the major currency is not going very well especially with Euro and USD.

Just be careful and trade wisely you guys.

Or, better be safe, than sorry.
look before you leap - zarenfx dot net
  • #21,992
  • Jan 15, 2010 4:33am Jan 15, 2010 4:33am
Quoting zarencorp
It's a wise choice to deal with currency pair that is less volatile and look for the best time to enter the trade. This past week since Monday, I've seen most of the major currency is not going very well especially with Euro and USD.

Just be careful and trade wisely you guys.

Or, better be safe, than sorry.
i agree. it was up and down repeatitively. the moment i thot it is trending, it retraces back. but looks like it's tending down now.
  • #21,993
  • Jan 15, 2010 10:43am Jan 15, 2010 10:43am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
For latest legality issue...
http://www.forexfactory.com/showthre...81#post3369281
I have seen the enemy, and it is me.
  • #21,994
  • Jan 15, 2010 11:58pm Jan 15, 2010 11:58pm
I really hope this 2010 year market will give us more profit..but this January seems like not that really healthy as from what I analyzed..

let start from EU first..first of all, EU was trending up and start from november the trend change to bearish..currently in this month, the movement seems like pause or halt for a while..

So what I can see this week candlestick is bearish hammer candlestick..but it is not really good/perfect candlestick setup...so next week will have small bearish movement..which I'm expecting to have around 100pips bearish movement as we still in ranging trend..
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  • #21,995
  • Jan 16, 2010 12:05am Jan 16, 2010 12:05am
for GU, seems like very difficult to analyzed...I just jump to conclusion it is ranging..I don't see any obvious direction...seems like GU in channel s/r...but next week I bet GU will have good bullish movement..
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  • #21,996
  • Edited 10:34pm Jan 16, 2010 8:51am | Edited 10:34pm
Pairs that has USD are quite uncertain due to uncertainty of their economy goin up or down.. just look at their jobs report n other major economic indicators, most of their percentages are either close to each other to their previous month reading.. Investors are doubtful where the trend is heading..

Lets see if the ensuing indicators ahead will change things anot, if not we then hv to wait for the next month reports for clues..
  • #21,997
  • Jan 17, 2010 10:22pm Jan 17, 2010 10:22pm
Gbp vs Jpy (1H) - At this moment, market is already at the major lower yellow trendline. A strong breakout is needed to bolster towards the alt count in white scenario. Otherwise we may see another bullish rally perhaps to complete the corrective wave e and 2 in magenta.

Aud vs Usd (Daily) - Preferably, I'm looking forward for another bearish continuation trend scneario perhap to perform wave 1 in white to bolster towards a bearish reversal trend scenario within this week. Otherwise this scenario would put in hold 1st if we see another breakout towards the upper green trendline which would indicate that major corrective wave B in magenta still not complete yet.
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  • #21,998
  • Jan 18, 2010 10:30pm Jan 18, 2010 10:30pm
Gbp vs Usd (1H) - At this moment, I'm looking for a valid diagonal triangle bearish reversal trend scenario either in white or magenta. Please be careful for any "bull trap" scenario in magenta. Advisable to look for any opportunity towards a bearish reversal entry signal from BSTS later.

Gbp vs Usd (Daily) - Preferably, I believed market in progress to perform subwave 2 either in white or magenta before expecting for a bearish continuation trend scenario once completed. Otherwise, please be careful for any breakout towards the upper green trendline.

Gbp vs Usd (Monthly) - Favourably, I'm looking for another major bearish trend either in yellow or magenta. Good luck.
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  • #21,999
  • Jan 19, 2010 10:33pm Jan 19, 2010 10:33pm
At this moment, I'm looking forward for a strong breakout towards the lower yellow trendline to bolster towards the alt count in white scenario. Otherwise, please be careful for a breakout towards the upper green trendline and a possibility towards another bullish rally to perform a corrective wave e in magenta. Good luck.
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  • #22,000
  • Jan 19, 2010 11:47pm Jan 19, 2010 11:47pm
Quoting Jebatfx
At this moment, I'm looking forward for a strong breakout towards the lower yellow trendline to bolster towards the alt count in white scenario. Otherwise, please be careful for a breakout towards the upper green trendline and a possibility towards another bullish rally to perform a corrective wave e in magenta. Good luck.
i believe if price dont break last week highest then price is in "bear" mode...
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