Morning Guys...i left this thread for weeks, now i come back
Forex Version XIII, Foreign Exchange Market Discussion
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 Mar 6 2014, 10:15 AM
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Junior Member
210 posts Joined: Aug 2013 From: Kuala Lumpurr  
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Mar 6 2014, 10:37 AM
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Junior Member
142 posts Joined: Jul 2010
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Somehow after i remove all my indicator and my left chart naked i able to trade and gain more profit than before...
My successful friend that earn 15k per month once said this to me, 'use your eye as indicator itself than relying on lagging indicator' , i think i understand what he means now... This post has been edited by project68: Mar 6 2014, 10:41 AM |
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Mar 6 2014, 10:42 AM
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Junior Member
510 posts Joined: Nov 2011
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QUOTE(project68 @ Mar 6 2014, 10:37 AM) Somehow after i remove all my indicator and my left chart naked i able to trade and gain more profit than before... So basically...price action? My successful friend that earn 15k per month once said this to me, 'use your eye as indicator itself than relying on lagging indicator' , i think i understand what he means now...   |
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Mar 6 2014, 10:50 AM
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Junior Member
142 posts Joined: Jul 2010
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QUOTE(babienn @ Mar 6 2014, 10:42 AM) So basically...price action? price action,supply/demand,support/resistance,reversal point, and patience... what i meant by patience is wait after bar close each time before you decide want to open order or not, if you miss the train it's ok, there's always next train coming  and of course you need to master all the technique above before trying to trade naked chart |
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Mar 6 2014, 12:28 PM
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands
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QUOTE(Kaizel @ Mar 6 2014, 04:22 AM) I recently reached the legal age of 18 (Malaysian) and is very interested in the forex market. After years of homework and practise, I know quite a bit about the market. However, I am also fully aware and willing to accept the fact that most beginners, if not all, will fail on the first time trading. Anyways, the one thing I could not grasp on are the requirements. I would like to register on OANDA Asia Pacific. Can someone please enlighten me? I started playing forex when i was 16! lel. last time no need verification or whatsoever. burned my account anyway. xD1) Do I need to have a job before I can trade? (I am a student) 2) Anything that I need to declare before I trade? 3) Generally asking, what are the (legal) requirements before I can start trading legally? Thanks a bunch in advance!  |
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Mar 6 2014, 01:03 PM
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands
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QUOTE(project68 @ Mar 6 2014, 11:37 AM) Somehow after i remove all my indicator and my left chart naked i able to trade and gain more profit than before... ur fren is it the 'mrlan09' in CG forum? just curious.My successful friend that earn 15k per month once said this to me, 'use your eye as indicator itself than relying on lagging indicator' , i think i understand what he means now... |
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Mar 6 2014, 01:04 PM
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Junior Member
142 posts Joined: Jul 2010
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QUOTE(qwertyuioped @ Mar 6 2014, 01:03 PM) ur fren is it the 'mrlan09' in CG forum? just curious. yup, ganu ppl  |
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Mar 6 2014, 01:07 PM
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands
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QUOTE(project68 @ Mar 6 2014, 02:04 PM) yup, ganu ppl his result damn geng le.. trade naked summore. i cannot brain his techniques. |
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Mar 6 2014, 01:12 PM
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Junior Member
142 posts Joined: Jul 2010
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QUOTE(qwertyuioped @ Mar 6 2014, 01:07 PM) his result damn geng le.. trade naked summore. i cannot brain his techniques. actually i'm using his technique currently, you just need to open your eyes abit, think differently from other 'traders'...well it takes me 3 full month to completely understand his technique...  just that my main problem right now is not the technique, it's greed&impatience...it's damn hard to get rid of this 2 things This post has been edited by project68: Mar 6 2014, 01:13 PM |
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Mar 6 2014, 01:15 PM
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Junior Member
288 posts Joined: Oct 2010 
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» Click to show Spoiler - click again to hide... « Above 10k myr ringgit if u tt wire transfer into Malaysia had to declare at bank counter Borang H or what borang i forget paiseh  what source of income, Refer to Bank Manager if u r not familiar Good broker= Witdraw fast. No complaint. Hassle free.  JPY spike nicely just now    This post has been edited by propertymart: Mar 6 2014, 01:15 PM |
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Mar 6 2014, 01:16 PM
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Junior Member
288 posts Joined: Oct 2010
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» Click to show Spoiler - click again to hide... « can i know what's your withdraw method? Wire transfer? credit card? hmmmm 7k usd no problem?  |
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Mar 6 2014, 01:17 PM
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands
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QUOTE(project68 @ Mar 6 2014, 02:12 PM) actually i'm using his technique currently, you just need to open your eyes abit, think differently from other 'traders'...well it takes me 3 full month to completely understand his technique... how to study price action? mind pointing me to some articles or how u studied? just that my main problem right now is not the technique, it's greed&impatience...it's damn hard to get rid of this 2 things |
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Mar 6 2014, 01:19 PM
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands
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QUOTE(project68 @ Mar 6 2014, 02:12 PM) actually i'm using his technique currently, you just need to open your eyes abit, think differently from other 'traders'...well it takes me 3 full month to completely understand his technique... sry, ter double post. just that my main problem right now is not the technique, it's greed&impatience...it's damn hard to get rid of this 2 things This post has been edited by qwertyuioped: Mar 6 2014, 01:20 PM |
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Mar 6 2014, 01:28 PM
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(propertymart @ Mar 6 2014, 01:16 PM) » Click to show Spoiler - click again to hide... « can i know what's your withdraw method? Wire transfer? credit card? hmmmm 7k usd no problem? 3 transaction = 3k 2k 2k Small transaction is ok.. What about big later?  |
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Mar 6 2014, 01:29 PM
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Junior Member
142 posts Joined: Jul 2010
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QUOTE(qwertyuioped @ Mar 6 2014, 01:17 PM) how to study price action? mind pointing me to some articles or how u studied? actually the best and most efficient to study price action is to stare at you chart everyday, watch how markets move, by doing that you will eventually memorize all the pattern and movement of price...once you fully understand how it works, just by looking at candle pattern/price movement you will know where price is going, where the price will reverse, whats the pattern of candle before news(spike), bear trap candle/bull trap candle...and alot more actually...you gain that alot just only studying price action, and of course it wont be that easy... i spend almost 3 years just to study price action alone... |
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Mar 6 2014, 01:35 PM
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Senior Member
1,299 posts Joined: Nov 2010
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Altimeter I did on study on price action b4... That is also need basic instinct..
The problem of that method is the short retractment... Whenever it occurs..u have to readjust mentality... That will only gives u not more than 50% accuracy.. Long term will damage your brain... I tried .. It works but it drains all my energy and brain juice.. Now.. I depend on technical chart and data received... More accurate and let me know the movements.. On 2-3 occasion that I have shown here that the data is almost accurate on price level and direction.. Now I just need to cross check the recent level price n movement with data received.. |
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Mar 6 2014, 01:43 PM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost
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next trade idea , GJ EJ to the south
any comment on this ? |
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Mar 6 2014, 01:47 PM
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Senior Member
1,299 posts Joined: Nov 2010
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News feed... Those who depend on trend waves need to wait like today morning news like AUD retail sales report n trade balance news.
Both news is good news bring the AUD value higher and makes pairs like audusd bull, Gbpaud bear, eurousd bear With these 3 pairs... U can make almost 200 pips Effect lasted for almost 2 hours.. So if you are playing 1usd , mean u profit 2000usd today.. Good profit.. With indicator and data analysis, u Oso can get to this figure everyday.. I m definitely making this income will be my main income..:haha:  |
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Mar 6 2014, 01:48 PM
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Senior Member
1,299 posts Joined: Nov 2010
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Sorry typo on the last pair.. Suppose is euroaud
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Mar 6 2014, 01:56 PM
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(kevler @ Mar 6 2014, 01:43 PM) next trade idea , GJ EJ to the south Both will be ranging south a little even semafor show 3 level..any comment on this ? 4pm new abit better .. Guess is 0.7-0.8% for gbp So both would parallel.. Going south but a bit retractment till main news 8-9pm.. Both pairs are overbought this time.. Think will last for another 3-4 hours before shown medium dropping.. Just my 2 cent opinionl |
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