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Help needed in OANDA + users from Malaysia 105 replies

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  • #22,281
  • Edited 10:46am Jul 10, 2010 8:04am | Edited 10:46am
Quoting lumandai
Hi Satni,

I made a mistake maybe but I am news trader. I didnt check properly the chart perhaps and thats what i wanted to improve. My profit target was .2760. And I am risking at 100pips. SL is .2605. I manage to change it before i fell asleep.

Jus afraid the gap will be too huge over this weekend. Lets say if the price on Monday started at .2500 for example, will i lost another 100pips? or it will follow my SL?
Ok lumandai,

Your SL at 1.2605 is a fair location, at current close of 1.2641.(maybe ur broker is different price.)
And i understand your fear above a gap opening on monday, but let's hope not..

As you can clearly see from my chart below, the worst possible NoRmal downside
risk only FiRst at 1.2547 before the next meaningful bounce. (barring no major bank robbery in EU..lol).
However, if things got bad then 1.2480/34 would be the next downside target.

Btw the EU is now in its wave 4 phase of Major downtrend, so can expect some irratic moves (up or down,
some complex corrective wave mode and so on), medium term target around 1.28 or better.


http://img690.imageshack.us/img690/9832/eurisk.gif
  • #22,282
  • Jul 10, 2010 9:11am Jul 10, 2010 9:11am
Hi Satni,

Thanks for the sharing and your advice. Lets hope no robbery in Euro then,Pink Phanter..Nice graph you have there actually.

I am still learning on how to make a correct entry without going to losing mode first. Lot of mistakes last week, in few cases the moment it touch my SL, 2-3pips after that it bounce back!

Technically, I am far not the same league yet or closer.
  • #22,283
  • Jul 10, 2010 11:33am Jul 10, 2010 11:33am
So malaysia traders are all grouping together here.

What a superb country.

All the best for you all Malaysians

Wish all Forex Factory members the best also.
  • #22,284
  • Edited 9:35pm Jul 11, 2010 9:24pm | Edited 9:35pm
Quoting lumandai
Hi Satni,

Thanks for the sharing and your advice. Lets hope no robbery in Euro then,Pink Phanter..Nice graph you have there actually.

I am still learning on how to make a correct entry without going to losing mode first. Lot of mistakes last week, in few cases the moment it touch my SL, 2-3pips after that it bounce back!

Technically, I am far not the same league yet or closer.
From your chart, I can see you are using chaos trading system, isnt it correct?
If you are using the alligator(the moving averages),
Your SL is by default should be few pips behind alligator teeth, however, in
slightly volatile market, it should be adjusted.

The best location to put your stop loss is behind the bush. Otherwise kena
ambush.
  • #22,285
  • Edited 10:48pm Jul 11, 2010 9:33pm | Edited 10:48pm
Quoting graceheather
So malaysia traders are all grouping together here.

What a superb country.

All the best for you all Malaysians

Wish all Forex Factory members the best also.
Thanks graceheather.

We just try to help each other in the spirit of Forex Factory forum members,

and also while the Fifa World Cup 2010 fever is still warm.

Fabulous Spain won the final!
  • #22,286
  • Jul 11, 2010 11:56pm Jul 11, 2010 11:56pm
Favourably, I'm looking for a bearish trend to be perform later either to complete a "double bottom" scenario refering to the alt count in white or wave 5 in magenta. Otherwise, we may see a bullish trend perhaps to complete corrective wave c in yellow. Good lucks.
Attached Image (click to enlarge)
Click to Enlarge Name: gj4hb.gif Size: 43 KB
  • #22,287
  • Jul 12, 2010 1:03am Jul 12, 2010 1:03am
Quoting Satni
From your chart, I can see you are using chaos trading system, isnt it correct?
If you are using the alligator(the moving averages),
Your SL is by default should be few pips behind alligator teeth, however, in
slightly volatile market, it should be adjusted.

The best location to put your stop loss is behind the bush. Otherwise kena
ambush.
Satni,

Yes, my system is a bit chaos.
Sorry that I dont really understand yet what is the aligator teeth. Not in time to adjust it this morning. I already kena NGAAPP! darn..

I should put the SL behind lower.. I am waiting for it to bounce and maybe I can get back the lost. -130pips! gosh..usd260++. warghhh..
  • #22,288
  • Jul 12, 2010 3:39am Jul 12, 2010 3:39am
Hi, everyone,

I'm a newbie when it comes to Forex, but I'm looking forward to have a Live Account. The problem I have now is that I need to transfer my funds to my broker for Forex Trading by Bank Wire, but Standard Chartered Bank do not want to send Bank Wire for online Forex Trading Can anyone tell me which bank in Malaysia do accept us to send to our Forex Brokers by Bank Wire?

Hope anyone here who have Live Accounts can help. Thank you.
  • #22,289
  • Jul 12, 2010 4:49am Jul 12, 2010 4:49am
Quoting lumandai
Satni,

Yes, my system is a bit chaos.
Sorry that I dont really understand yet what is the aligator teeth. Not in time to adjust it this morning. I already kena NGAAPP! darn..

I should put the SL behind lower.. I am waiting for it to bounce and maybe I can get back the lost. -130pips! gosh..usd260++. warghhh..
wah, burn money just like that
  • #22,290
  • Jul 12, 2010 7:26am Jul 12, 2010 7:26am
Quoting Faith3
Hi, everyone,

I'm a newbie when it comes to Forex, but I'm looking forward to have a Live Account. The problem I have now is that I need to transfer my funds to my broker for Forex Trading by Bank Wire, but Standard Chartered Bank do not want to send Bank Wire for online Forex Trading Can anyone tell me which bank in Malaysia do accept us to send to our Forex Brokers by Bank Wire?

Hope anyone here who have Live Accounts can help. Thank you.
I think Maybank should be ok. I've done it once. But can't remember which broker was it...?
Nowadays I only use e-currency or credit card thru Moneybookers
Lets make some green pips
  • #22,291
  • Jul 12, 2010 7:28am Jul 12, 2010 7:28am
Quoting MasterOfFibo
wah, burn money just like that
No pain no gain
Its part of the learning process...just don't give up easily
Lets make some green pips
  • #22,292
  • Jul 12, 2010 7:35am Jul 12, 2010 7:35am
Quoting MasterOfFibo
wah, burn money just like that
ya lor,
i am trying to improve my trading skills. damn! so hard.
I lost a lot last two weeks..

i lost my hard earn money for 3weeks. now i have to start back again..
  • #22,293
  • Jul 12, 2010 9:31am Jul 12, 2010 9:31am
Quoting 4rx
I think Maybank should be ok. I've done it once. But can't remember which broker was it...?
Nowadays I only use e-currency or credit card thru Moneybookers
Thank you, 4rx. The problem for me now is that I'm trying to bank wire for MB Trading Futures, Inc. So I guess the name is a dead give-away for forex or futures trading. So is Maybank the most probable bank who would not give much fuss about who we Bank Wire to? What about Public Bank or CIMB?
  • #22,294
  • Jul 13, 2010 12:36am Jul 13, 2010 12:36am
A breakout from the triangle is still remain to be seen to determine which alt counts that is more in favour. Preferably, I'm looking towards an opportunity for a breakout to the downside. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 41 KB
  • #22,295
  • Jul 13, 2010 6:44am Jul 13, 2010 6:44am
Hi GUyz,

I know this thread started By Sham, what happened to him? where is he? any news about him? cannot find in FXOPEN forums also...
  • #22,296
  • Jul 13, 2010 7:40pm Jul 13, 2010 7:40pm
Quoting Ghazali
Hi GUyz,

I know this thread started By Sham, what happened to him? where is he? any news about him? cannot find in FXOPEN forums also...
Did you call his office?
  • #22,297
  • Jul 13, 2010 7:44pm Jul 13, 2010 7:44pm
Hopefully this Gartley is showing the right spot/target.
Attached Image (click to enlarge)
Click to Enlarge Name: EU H1 130709.gif Size: 25 KB
  • #22,298
  • Jul 13, 2010 9:16pm Jul 13, 2010 9:16pm
Quoting Faith3
Thank you, 4rx. The problem for me now is that I'm trying to bank wire for MB Trading Futures, Inc. So I guess the name is a dead give-away for forex or futures trading. So is Maybank the most probable bank who would not give much fuss about who we Bank Wire to? What about Public Bank or CIMB?
LOL ... dont worry about that ... most of the time the clerk never ask. If the clerk ask, say "bisnes jual beli" .. if she ask for detail just say "jual beli saham" ..

Try to sound like "orang kampung" and they wont suspect you for anything. Dont act like a sophisticated investor/trader. LOL
  • #22,299
  • Jul 13, 2010 10:08pm Jul 13, 2010 10:08pm
Gbp vs Jpy (4H) - I believed market just performed a "bull trap" scenario (false breakout) and looking forward for a 'pullback" to the downside. Otherwise, please be careful for any breakout towards the magenta critical line.

Aud vs Usd (Daily) - Preferably, I believed market in progress to perform a major corrective wave C either in magenta or white. Therefore, advisable to look for any good opportunity towards a bearish entry either refering to the alt count in magenta or white from BSTS later.

Usd vs Cad (Daily) - Favourably, I believed market will perform a bullish reversal trend scenario to complete 5 bullish wave structures either in yellow or white.Otherwise, please be careful for any breakout towards the yellow or white critical line. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj4hb.gif Size: 44 KB
Click to Enlarge Name: aud dailyb.gif Size: 40 KB
Click to Enlarge Name: ucad daily.gif Size: 34 KB
  • #22,300
  • Edited 11:04pm Jul 13, 2010 10:38pm | Edited 11:04pm
Quoting luqmanz
LOL ... dont worry about that ... most of the time the clerk never ask. If the clerk ask, say "bisnes jual beli" .. if she ask for detail just say "jual beli saham" ..

Try to sound like "orang kampung" and they wont suspect you for anything. Dont act like a sophisticated investor/trader. LOL
hehe nice tips!

should look like a Boom-town charlie, like just SOLD a big piece of land?

"Saya baru je jual tanah saya, saya nak beli saham obersi pulak" lol practise...

"saham apa encik?"

"saham porex la"
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