i'm rather keep it silent than announce to all the people ..

when bought something exclusive like Audi or Tag-Heuer wristwatch , just say that you are in a business ...like dobi/laundry business or prepaid business ..and people will assume your business is getting better ....and never ever reveal you are forex trader ..unless with people in the same field with you .

i saw all major currency in bearish mode

EU,EJ,GU,GJ,UJ and EG

go euro go bear !

i never change my trading plan on EU since it bearish on monthly chart ..

i feel you bro ..been there also ...


but u need to keep learning ...and try to avoid the mistakes ...else you will encounter the same trouble

yerp ...emotions plays dude


90% of successful trading related to the psychology and emotion ..

be strong while the market bias ...never let emotion make you down

Usually when the price keeps on coiling until the end of the converging trendlines, a breakout is imminent and a big move could be expected.

Just be patient and trade in the direction of the breakout. A tight stop loss should be placed just slightly above or below the opposite trendline. Let's see which direction that the beast will take.


you know the drill



credit to dailygj

My current entry for all major currency

this is for minor TF (1min,5min,30min,1hour)

it will changed accordingly based on currency strength and momentum :-)

our next Eu/Usd movement , i suppose ? i'm waiting for the correction to be end

hehe ...i'm still learning ..

by the way ...credit goes to TheLFB team .. their chart seems almost perfect to me ...

i think he dont want to "makan sorang2" ..he wants to share his green pips to all his associate


@skcs1985 , just joking bro :-) hehe

it took so long for me to buy this unresistable masterpiece from Robert Pretcher , one of the GodFather of Elliot Wave

price : RM260 . But i think you guys could get cheaper price on the net

Previously , i used to read paperback from the Internet , but then , i feel i need to buy this book in order to appreciate the author



Elliott Wave Principle: Key to Market Behavior by Robert R. Prechter Jr. http://amzn.com/0932750435

yerp ...perhaps natioanl library got this copy ...i would like you to buy this book , in order to get more view on what is EW idea all about .

It is not money making theory , but it is framework to read the market behaviour

i saw bullish trend now on all GBP and EUR in monthly chart



haha ..i lost some of my deposit ...200 dolar but it's as it not affect my profit .

Need to do more observation later on ..and wave count

as usual , NFP storm tomorrow !

fuh , boleh tahan ...layan GJ jer ...great Scott

from 300 dolar deposit , then got profit almost 4k ...huhu....

Jpy currently is major bearish ...whatever pair using Jpy can buy now

huhu


GJ
AJ
UJ
EJ

i told you so , dude .

if the Jpy is bearish , of course in logic , any currency which paired with Jpy will bullish

for instance , if Gbp up , then all pair with this currency will be on bullish mode .

from my observation , GJ already break the daily trendline at 143.21,

and im looking forward to see GJ go further long...but possibility to pullback is there too ..need to be more careful if TFH4 making suprise movement

advised to set trailing stop for prevent any unexpected bias


holding my long-term buy trade on GJ ...

plus all pair with Gbp will bullish mode , Eur and Usd too

my comment below is based on my attachment





This quote is correct for 5-3 waves , as displayed


This quote also correct for 5-3 waves . If you can see corrective wave ABC in circles , each movement in wave A-B will label wave abc as attached.

for wave B-C , it will be labelled as wave 1-2-3-4-5 , as it is .


if you want to earn more , you should target on wave 3 or wave C


one more thing, if you want to know when the major wave 5 wave turned into bearish trend , u need to do wave count from monthly/yearly chart.
from there you can determine when you can go for long-term trading , either bull or bear

This post has been edited by kevler: Apr 7 2010, 02:00 PM