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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #22,321
  • Jul 21, 2010 10:52am Jul 21, 2010 10:52am
Quoting graceheather
Definitely can see how active Malaysia traders are...

And also can see how people gel together here...

How about other countries, do they have also a thread like this?
Yup, it's great for us frx traders to share our experiences and ideas here. For the seniors, our hats go out to you for always providing us newbies pointers and constructive advices and comments. Cheers to all of you!
  • #22,322
  • Jul 21, 2010 10:53am Jul 21, 2010 10:53am
Quoting MasterOfFibo
keep it up
You're going LONG, bro?
  • #22,323
  • Jul 21, 2010 10:11pm Jul 21, 2010 10:11pm
At this moment, I'm looking forward market to further break the strong S3 critical line to complete subwave either in aqua, white or magenta. Please be careful for any strong bounce scenario later. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 41 KB
  • #22,324
  • Jul 21, 2010 10:25pm Jul 21, 2010 10:25pm
Hello Malaysian

Good to know you guy have nice thread here.
Would love to know traders for good trading groupings in Kuala Lumpur, if anyone
here from there. tq
  • #22,325
  • Jul 21, 2010 10:58pm Jul 21, 2010 10:58pm
really good thread.keep it up.i also will post my chart.cheers...
Gold Expedition Return This Year: -16.6%
  • #22,326
  • Edited 11:02pm Jul 21, 2010 11:00pm | Edited 11:02pm
as for now im looking for another selling gbpusd until 1.4945.i will wait retracement at 5sma daily at 1.5234.i will short there....

happy greens
Gold Expedition Return This Year: -16.6%
  • #22,327
  • Jul 21, 2010 11:04pm Jul 21, 2010 11:04pm
here my chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 26 KB
Gold Expedition Return This Year: -16.6%
  • #22,328
  • Jul 21, 2010 11:07pm Jul 21, 2010 11:07pm
Quoting tradpat
Hi Shamx77 & Traders

As a Malaysian, if I trade fx and receive fund from overseas brokers, do I have to file income and pay tax if I trade part time vs. full time (I intend to be a full time in the near future. Pls. advise. Thank you.

tpat
Selangor
No. You don't have to pay any tax for your forex income no matter if you earn rm1000 per year or rm1 mil per year.

However, if you're muslim, zakat is a must.
  • #22,329
  • Jul 22, 2010 12:56am Jul 22, 2010 12:56am
Quoting Faith3
You're going LONG, bro?
yeap, i know how to buy only, need to learn how to sell too
  • #22,330
  • Jul 22, 2010 9:39pm Jul 22, 2010 9:39pm
Gbp vs Jpy (1H) - At this moment, please analyse the latest possible alt counts and all critical lines. Favourably, I still looking forward market to perform a further bearish continuation trend scenario refering to the alt count in magenta.
A breakout to the pivot and S3 critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the magenta critical line.

Gbp vs Usd (Daily) - Preferably, I believed market just performed a "bull trap" scenario and I'm looking forward for another bearish continuation trend scenario either to complete the corrective wave b in white (double bottom) or wave 5 in magenta. Otherwise, please be careful for any further bullish continuation trend later.

Aud vs Usd - I believed market in progress to complete major wave 2 either in white or magenta. Therefore, I'm expecting for a strong bearish continuation trend scenario later to perform a major wave 3 in C later. Please be careful for a "bull trap" scenario. Happy weekends and good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 42 KB
Click to Enlarge Name: gu daily.gif Size: 36 KB
Click to Enlarge Name: aud dailyb.gif Size: 40 KB
  • #22,331
  • Jul 23, 2010 11:17am Jul 23, 2010 11:17am
Quoting Raine
Hello Malaysian

Good to know you guy have nice thread here.
Would love to know traders for good trading groupings in Kuala Lumpur, if anyone
here from there. tq
hi bro, a group of traders from one broker usually has teh tarik session every friday night starting from 2300 till 0600 at Aina cafe, selayang. (the signboard actually spelt selera idaman). if you would like to join us, feel free to pm me your contact number and i'll give you direction to go there...

p/s: tonite I'm not there as tomorrow going to play football with this group in bangi...
  • #22,332
  • Jul 25, 2010 9:01pm Jul 25, 2010 9:01pm
Quoting gilos
hi bro, a group of traders from one broker usually has teh tarik session every friday night starting from 2300 till 0600 at Aina cafe, selayang. (the signboard actually spelt selera idaman). if you would like to join us, feel free to pm me your contact number and i'll give you direction to go there...

p/s: tonite I'm not there as tomorrow going to play football with this group in bangi...

Kewl ... hehehe ...
  • #22,333
  • Jul 25, 2010 9:12pm Jul 25, 2010 9:12pm
Quoting haikalharruz
No. You don't have to pay any tax for your forex income no matter if you earn rm1000 per year or rm1 mil per year.

However, if you're muslim, zakat is a must.
Sound gr8. Terima Kasih.
  • #22,334
  • Jul 25, 2010 9:42pm Jul 25, 2010 9:42pm
At this moment, the alt count in magenta is already invalid. Therefore, I believed market in progress either to complete subwave 5 in white or subwave 3 in yellow. We may see a "double top" scenario either at the bullish continuation critical line 1 or 2 before expecting for any reversal (white) or retracement (yellow) trend scenario. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 46 KB
  • #22,335
  • Jul 26, 2010 9:29pm Jul 26, 2010 9:29pm
Favourably, I'm expecting market to perform a bearish reversal trend scenario to complete subwave c either in white or magenta. Otherwise, please be careful for a breakout towards the magenta/white critical line.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 47 KB
  • #22,336
  • Jul 27, 2010 4:44am Jul 27, 2010 4:44am
my first post in forex factory.. hahaha.. been lurking around so far... dont feel like posting.. here's my first post.


i just wanna share somthing i hv been using for quite sometimes. for use on single pair. mainly GU, EJ and EU as well as GJ.
a custom tools developed base on fibo sequence number. originally ideas came from Fising of forex factory and also carigold. just google The Mystery of Fibonacci (fising trade style) will bring you to the originator.

i have modified the tools to suits my style. originally coded by master Aiman CG.
this method is popular among follower of fibonacci in malaysia, popularized by savvykupower. (CG id)

the theory behind it is the following...

for a sequence number 0, 1, 2, 3, 5, 8, 13, 21.... and so on.. example a trend is up by 50 pips, ( i simply add '0' to make it 50 for this example), it has a possibility to retrace by either minimum of 20 pips or maximum of 30 pips.
a breakdown of the 30 will likely make the uptrend reverse.

by fibo sequence number, 5 forward, then backward by either 2 or 3.

please refer to screen shot below.



http://img534.imageshack.us/img534/7...5apr131123.gif


http://img695.imageshack.us/img695/5...7apr131131.gif


http://img697.imageshack.us/img697/9...8apr131135.gif


how to use this tools?

1. dload and save into expert/indicator folder.
2. identify a trend.. refer to higher TF, h1 is good. we will be using TF m15 to take 20-50 pips per trade. we can use channel and SMA60. if candles below SMA60, it is considered as downtrend. also can used pattern to identify continuation of trend. the idea here is to enter on the retracement and ride the trend.



http://img.photobucket.com/albums/v666/atuk45/gu-9.png

3. draw a trendline from hi to lo (downtrend) or low to hi (uptrend),
4. open Trendline properties. rename the trendline to M15
5. drag and drop the indicator tools below. and it will give you 2 level where we can enter trade following trend on the retracement.

6. during dtrend, price went up reaching "minimum retracement" line drawn by the indicator, we enter 1 lot ( depending on your money management), however, price continue to go up, we place a PO on the maximum retracemnt, same lot size. if the price go beyond max retracement, we hav to cut loss as it may not return to dtrend anymore. possible reversal on M15. otherwise, if the price does reject max retracement level and continue dtrend, put ur TP at the projection of just take 20-30 pips as you wish.





ni result live trading usingthis tools alone.

http://img130.imageshack.us/img130/1...1apr132153.gif

FiboSequenceMTF.mq4
  • #22,337
  • Jul 27, 2010 11:03am Jul 27, 2010 11:03am
Thank you masta Luk
Lets make some green pips
  • #22,338
  • Jul 27, 2010 11:41am Jul 27, 2010 11:41am
http://img261.imageshack.us/img261/8134/ejm15seq.gif


notice the candle reject the level min retracement.
TP 20 pips is achievable here
  • #22,339
  • Jul 27, 2010 11:42am Jul 27, 2010 11:42am
after sometimes, it dropped to max retracement level..
another opportunity to buy dip at retracement,

see picture

http://img44.imageshack.us/img44/8791/ejm15seq2.gif
  • #22,340
  • Jul 27, 2010 11:46am Jul 27, 2010 11:46am
after the last 3 screenshot, i hope you guys had the idea how to trade using this simple tools.

fibonaci does work..

another example..
after it touched the mas retracement level, price bounced up again.. 30-40 pips.. the retrace to min sequence level, then bounced back again..

observed the price action on this TF M15, follow trend on bigger TF, i believe you'll have 70-80% winning ratio.

god luck

http://img841.imageshack.us/img841/7...3jul272329.gif
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