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Help needed in OANDA + users from Malaysia 105 replies

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  • #22,201
  • May 4, 2010 1:09am May 4, 2010 1:09am
Quoting Cowboy11
Thanks for your feed back. Just notice that they spread is not that attractive as what they claim.
Auto trading platform is just like robot. We choose/program the EA and trade automatically.
I am studying Alpari and FXPro now.
ABout the spread, i think it's pretty ok. , but as i'm still a begginer i only look at EU. so it's 2pips spread.
I also use Alpari UK, the spread is slightly lesser, i think about 1.5.
But the problem (for me) is they use 6 digits on their platform. For e.g. 1.23456, instead of 1.2345. So it depends on your preference.
2ndly, on Monday, they start an hour later than FXDD, but also stop an hour later on Friday than FXDD. So the 4hrs bar in FXDD is diff from 4hrs bar of Alpari
  • #22,202
  • May 4, 2010 2:53am May 4, 2010 2:53am
Quoting fxster
ABout the spread, i think it's pretty ok. , but as i'm still a begginer i only look at EU. so it's 2pips spread.
I also use Alpari UK, the spread is slightly lesser, i think about 1.5.
But the problem (for me) is they use 6 digits on their platform. For e.g. 1.23456, instead of 1.2345. So it depends on your preference.
2ndly, on Monday, they start an hour later than FXDD, but also stop an hour later on Friday than FXDD. So the 4hrs bar in FXDD is diff from 4hrs bar of Alpari
I think there should be an option to see only 4 decimal points ... Consult your broker.
  • #22,203
  • May 4, 2010 2:54am May 4, 2010 2:54am
Quoting fxster
ABout the spread, i think it's pretty ok. , but as i'm still a begginer i only look at EU. so it's 2pips spread.
I also use Alpari UK, the spread is slightly lesser, i think about 1.5.
But the problem (for me) is they use 6 digits on their platform. For e.g. 1.23456, instead of 1.2345. So it depends on your preference.
2ndly, on Monday, they start an hour later than FXDD, but also stop an hour later on Friday than FXDD. So the 4hrs bar in FXDD is diff from 4hrs bar of Alpari
We need to learn where is the opportunity, can not just stick to one pair, because they take turn.
6 digits doesnt metter, u will get used to it very fast. Discover that Alpari does not provide trading on certain pair. MBT is another I am studying, look OK so far.
Face both Win and Lose bravely
  • #22,204
  • May 4, 2010 2:58am May 4, 2010 2:58am
Cable just touched the 1.5200 level ... game on.

I'm waiting for the price action. Expecting to see a good long signal. Or maybe I will get a short signal. Let's see what market has in store for us.

Never predict. Just take whatever market throws at you.
  • #22,205
  • May 4, 2010 7:19pm May 4, 2010 7:19pm
Cable went down to 5100 ... It's time to buy ... (read "its a good bet to buy").

Going long at 1.5150.

Let's see what we will get during London open.
  • #22,206
  • May 5, 2010 12:31am May 5, 2010 12:31am
Quoting luqmanz
Cable went down to 5100 ... It's time to buy ... (read "its a good bet to buy").

Going long at 1.5150.

Let's see what we will get during London open.
thank you for sharing. Hope u could post some chart so we could have a better picture. And you could explain ur bullish bias is actually a reversal ? continuation ? or retracement ? And base on what u bias bull trend ?

thanks.

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At this moment, a breakout towards either the major upper yellow trendline or the major lower red trendline is still yet remain to be seen to determine which alt counts that is more in favour. Therefore, advisable to monitor for any breakouts (true or false) later. Good luck.
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  • #22,207
  • Edited 7:57pm May 5, 2010 7:51pm | Edited 7:57pm
Quoting Jebatfx
thank you for sharing. Hope u could post some chart so we could have a better picture. And you could explain ur bullish bias is actually a reversal ? continuation ? or retracement ? And base on what u bias bull trend ?

thanks.

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At this moment, a breakout towards either the major upper yellow trendline or the major lower red trendline is still yet remain to be seen to determine which alt counts that is more in favour. Therefore, advisable to monitor for any breakouts...
Yo Jebat..

My bullish bias is because of the strong support in Daily charts. It's also a 50% retracement of a move in Daily charts.
However yesterday ... my long in cable @ 1.5150 got taken out. There goes my 2% LOL.

However I'm still bullish .. in my view the buyers in the market are trying to find a cheaper price ... the downward south train that burned my long position last night failed to completely break the support at 5100. Which means there are buyers waiting in that area.

Heres the yesterday's chart, today's H1 chart and my current trades.

Hope this helps.
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  • #22,208
  • May 5, 2010 10:17pm May 5, 2010 10:17pm
Quoting luqmanz
Yo Jebat..

My bullish bias is because of the strong support in Daily charts. It's also a 50% retracement of a move in Daily charts.
However yesterday ... my long in cable @ 1.5150 got taken out. There goes my 2% LOL.

However I'm still bullish .. in my view the buyers in the market are trying to find a cheaper price ... the downward south train that burned my long position last night failed to completely break the support at 5100. Which means there are buyers waiting in that area.

Heres the yesterday's chart, today's H1 chart...
thanks a lot. Hope u can keep continue update your forecast + upload your charts for better understanding. Happy trading.

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At this moment, market already at the major lower red trendline. Therefore, please be careful for any bounce scenario. Preferably, I'm looking forward for another bearish continuation trend scenario perhaps to perform subwave 3 in c refering to the alt count in white or c in magenta. Otherwise, this scenario would be invalid if the white critical line is taken. Good luck.
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  • #22,209
  • May 6, 2010 1:38am May 6, 2010 1:38am
Quoting luqmanz
Yo Jebat..

My bullish bias is because of the strong support in Daily charts. It's also a 50% retracement of a move in Daily charts.
However yesterday ... my long in cable @ 1.5150 got taken out. There goes my 2% LOL.

However I'm still bullish .. in my view the buyers in the market are trying to find a cheaper price ... the downward south train that burned my long position last night failed to completely break the support at 5100. Which means there are buyers waiting in that area.

Heres the yesterday's chart, today's H1 chart...
I'm going to switch sides now ... now is the time to look for shorts ....
  • #22,210
  • May 6, 2010 2:09am May 6, 2010 2:09am
Quoting luqmanz
I'm going to switch sides now ... now is the time to look for shorts ....
Still have about 3~4 hours b4 you can try long for scriping.
Face both Win and Lose bravely
  • #22,211
  • May 6, 2010 2:21am May 6, 2010 2:21am
Jebatfx, r u a full time trader?
  • #22,212
  • May 6, 2010 3:21am May 6, 2010 3:21am
Quoting Cowboy11
Still have about 3~4 hours b4 you can try long for scriping.
I m new, may I know the GBP will go up
  • #22,213
  • May 6, 2010 10:38pm May 6, 2010 10:38pm
At this moment, I believed market in progress to complete wave 4 either refering to the alt counts in white or magenta. Therefore, as long the magenta/white critical line is remain intact, I'm looking forward for another bearish continuation trend scenario either to complete a truncated wave 5 in white or an impulsive wave 5 in magenta. Have a nice weekends and good luck.
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  • #22,214
  • May 8, 2010 10:26pm May 8, 2010 10:26pm
Quoting luqmanz
I'm going to switch sides now ... now is the time to look for shorts ....
It was a crazy week.

I pyramided 3 Cable short positions beginning from 5100. Trailed my SL and got out at 4700.
That's a good 400 pips in one night.

On Monday, I'm looking for a long. The price has bounced off a few weekly supports (blue lines) and the downward momentum had died. It could be just the trader closing positions for the weekend (retracement) or buyers accumulating fresh long positions (reversal).

Lets wait for the market to really tell us what to do next.
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  • #22,215
  • May 9, 2010 10:06pm May 9, 2010 10:06pm
At this moment, I'm looking forward for a "pullback scenario" from the magenta critical line to perform another bearish contiuation trend scenario. Otherwise, we may see another retracement trend scenario perhap to complete the unfinish wave iv in white. Good luck.
Attached Image (click to enlarge)
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  • #22,216
  • May 10, 2010 1:22am May 10, 2010 1:22am
Quoting Jebatfx
At this moment, I'm looking forward for a "pullback scenario" from the magenta critical line to perform another bearish contiuation trend scenario. Otherwise, we may see another retracement trend scenario perhap to complete the unfinish wave iv in white. Good luck.
So what's you conclusion here in a single line?
  • #22,217
  • May 10, 2010 3:02am May 10, 2010 3:02am
Quoting luqmanz
It was a crazy week.

I pyramided 3 Cable short positions beginning from 5100. Trailed my SL and got out at 4700.
That's a good 400 pips in one night.

On Monday, I'm looking for a long. The price has bounced off a few weekly supports (blue lines) and the downward momentum had died. It could be just the trader closing positions for the weekend (retracement) or buyers accumulating fresh long positions (reversal).

Lets wait for the market to really tell us what to do next.
The long positions are working now ... time to pyramid more position into this uptrend. If Cable breaks 1.4900 cleanly .. 1.5150 is the next stop .. 150 pips to ride ...
  • #22,218
  • May 10, 2010 1:36pm May 10, 2010 1:36pm
Quoting 66398
I m new, may I know the GBP will go up
Sorry, did not read yr message.
GU should be short this week.
Face both Win and Lose bravely
  • #22,219
  • May 10, 2010 8:01pm May 10, 2010 8:01pm
Morning all

I'm looking to short Cable today. 1.4900 seems like a good place to put the short.

Let's see how it works ....
  • #22,220
  • May 11, 2010 1:48am May 11, 2010 1:48am
Quoting luqmanz
Morning all

I'm looking to short Cable today. 1.4900 seems like a good place to put the short.

Let's see how it works ....
Change of plan. Looking for a long around 4800.
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