QUOTE(kevler @ Apr 9 2014, 12:50 PM)
just now , i studied EUR/AUD graph ..and it is bear all the way ... daily chart has supported my word on this .
happy trading
I shorted two weeks backhappy trading
Forex Version XIII, Foreign Exchange Market Discussion
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Apr 10 2014, 07:49 PM
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Senior Member
1,203 posts Joined: Dec 2007 From: Bumi Kenyalang, Kuala Lumpur |
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Apr 10 2014, 08:42 PM
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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Apr 10 2014, 08:45 PM
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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Apr 10 2014, 08:51 PM
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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Apr 10 2014, 09:03 PM
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Junior Member
510 posts Joined: Nov 2011 |
What MA are you using? I'm using EMA 5 and 8
and for the wave pattern, im using 3 level zz semafor as shared by a forum member |
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Apr 10 2014, 09:17 PM
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(babienn @ Apr 10 2014, 09:03 PM) What MA are you using? I'm using EMA 5 and 8 I use ALL on SMA 20, 30, 50, 200. Lower MA as a guideline for me to predict the trend strength, Mid MA to help me on Correction, Higher MA to help me on Trend Direction. As for waves, it is more flexible on my reading. It all depends on how the PA moves to MA to interpret highest probability on WAVES. and for the wave pattern, im using 3 level zz semafor as shared by a forum member |
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Apr 10 2014, 10:26 PM
Show posts by this member only | IPv6 | Post
#367
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Junior Member
359 posts Joined: Apr 2011 From: KL / PJ |
wat demo to use for newpies ??
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Apr 11 2014, 01:14 AM
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Junior Member
510 posts Joined: Nov 2011 |
QUOTE(tdoptions1689 @ Apr 10 2014, 09:17 PM) I use ALL on SMA 20, 30, 50, 200. Lower MA as a guideline for me to predict the trend strength, Mid MA to help me on Correction, Higher MA to help me on Trend Direction. As for waves, it is more flexible on my reading. It all depends on how the PA moves to MA to interpret highest probability on WAVES. Ah I see, thanks for sharing |
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Apr 11 2014, 01:28 AM
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Junior Member
56 posts Joined: Jun 2013 |
Everybody seems to have his/her own style of trading. Some trade using indicators, some no indicators, some price action, support/resistance, trendlines, and some using instinct or feelings, and so on. Some are swing traders, some are scalpers. Anything can be profitable once you have learnt the art of trading using one or many of these specific methods.
For me, it is an art. The market is dynamic. Therefore, you have to adapt yourself. Through experience, you can master the art. For example, one can be profitable by just using one moving average. But he/she has to master the art of using and trading using that particular indicator. Once mastered, it's easy. I myself have been into trading for about 5 years now. I am still learning, trying to improve. It's a journey, you will become better and better with experience. Some valuable experience which I have learnt are: 1. Let the profit run 2. Fearless 3. Discipline 4. Not greedy 5. Patience 6. Accepting losses Those are a few. Well, everything seems to fall under Psychology. You might have heard the same from professional traders or books like "Market Wizards", but believe me, you have to experience them in order to understand them. When I first ventured into trading, I found those advices were simple, meaningless, nonsense. But now I realised that they were invaluable advices. Lastly, practicing is very important. You have to spend a lot of time. If you have found a profitable system, make sure you follow the rules of the system. Don't exit the trade too soon, "let the profit run". |
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Apr 11 2014, 02:45 AM
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Senior Member
685 posts Joined: Aug 2011 From: Fairtex Bangplee |
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Apr 11 2014, 02:54 AM
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Senior Member
685 posts Joined: Aug 2011 From: Fairtex Bangplee |
QUOTE(forexcoder @ Apr 11 2014, 01:28 AM) Everybody seems to have his/her own style of trading. Some trade using indicators, some no indicators, some price action, support/resistance, trendlines, and some using instinct or feelings, and so on. Some are swing traders, some are scalpers. Anything can be profitable once you have learnt the art of trading using one or many of these specific methods. Trading is a game of probabilities.For me, it is an art. The market is dynamic. Therefore, you have to adapt yourself. Through experience, you can master the art. For example, one can be profitable by just using one moving average. But he/she has to master the art of using and trading using that particular indicator. Once mastered, it's easy. I myself have been into trading for about 5 years now. I am still learning, trying to improve. It's a journey, you will become better and better with experience. Some valuable experience which I have learnt are: 1. Let the profit run 2. Fearless 3. Discipline 4. Not greedy 5. Patience 6. Accepting losses Those are a few. Well, everything seems to fall under Psychology. You might have heard the same from professional traders or books like "Market Wizards", but believe me, you have to experience them in order to understand them. When I first ventured into trading, I found those advices were simple, meaningless, nonsense. But now I realised that they were invaluable advices. Lastly, practicing is very important. You have to spend a lot of time. If you have found a profitable system, make sure you follow the rules of the system. Don't exit the trade too soon, "let the profit run". you are relying on a positive bias. Essentially, the trading system is saying "when 'x' happens... 'y' usually follows". Sometimes it doesn't. Most of the time it does. And all your trading system does is help you identify high probability trades, enter then correctly |
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Apr 11 2014, 02:55 AM
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Senior Member
685 posts Joined: Aug 2011 From: Fairtex Bangplee |
QUOTE(tdoptions1689 @ Apr 10 2014, 08:42 PM) Hei hei hei, thats what im trying to say.. combining leading indi and lagging indi (technical indi).I love this question. To me, combining Waves Pattern and MA are the most powerful and highest probability to forecast printing on charts. Because I am using both of those. |
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Apr 11 2014, 03:46 AM
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Senior Member
1,299 posts Joined: Nov 2010 |
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Apr 11 2014, 12:11 PM
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Junior Member
510 posts Joined: Nov 2011 |
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Apr 11 2014, 02:07 PM
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(babienn @ Apr 11 2014, 01:14 AM) No prob bro. Using this chart could help me a lot on my trading direction, but it does need a lot of experience to adapt on it. Other than that, I have to see all the correlated for highest accuracies. Let's take EUR/AUD as example, we can see since from the Correction on 1H chart, the 1st breakout indicate a lot of strength for the TREND when the PA always get rejected approximate or between 10 SMA and 20 SMA. This indicate the trend was strong enough to push the price to further lower. After couple of rejection, we can see the PA started to penetrate 30 SMA and went above 50 SMA. That's indicate the trend was started to become weaker. It went back down once again, and build a very small gap of Lower Low. So this indicate the trend are getting more weaker now. As for now on my reading, I believe it will reject on SMA 200 this time building a RANGE market PA. Then it will back to higher TF of DAILY on Long Bias. Additionally confirmation on USD/JPY to get support on 101.1x area, it brings a meaning of weaker Asian Currencies. So, entering a new SELL here on EUR/AUD, grab some pips of probably 100 pips and get out of the pair are the best choice. |
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Apr 11 2014, 06:42 PM
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Senior Member
685 posts Joined: Aug 2011 From: Fairtex Bangplee |
QUOTE(babienn @ Apr 11 2014, 12:11 PM) Yes sir, the indicator and the whole strategy is indeed shared by you. that shud repaint because thats how it works.. she find the peak price.. and act as alert signalIt is powerful, but have to becareful because the indicator repaint. MA is confirmation to enter trade, MA is not repaint sometimes it doesnt work, most of the time it does |
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Apr 11 2014, 06:46 PM
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(tdoptions1689 @ Apr 11 2014, 02:07 PM) No prob bro. Using this chart could help me a lot on my trading direction, but it does need a lot of experience to adapt on it. Other than that, I have to see all the correlated for highest accuracies. Let's take EUR/AUD as example, we can see since from the Correction on 1H chart, the 1st breakout indicate a lot of strength for the TREND when the PA always get rejected approximate or between 10 SMA and 20 SMA. This indicate the trend was strong enough to push the price to further lower. After couple of rejection, we can see the PA started to penetrate 30 SMA and went above 50 SMA. That's indicate the trend was started to become weaker. It went back down once again, and build a very small gap of Lower Low. So this indicate the trend are getting more weaker now. As what I expected on my earlier reading, anyone who have followed have to be extra careful now and ready to be exit at anytime. Take more notice on USD/JPY, if it reaches on around 101.2x area, this EUR/AUD or GBP/AUD must be exit without hesitation. I think a closing week of ranging market, so a final EXIT on 1.469x should be the best chosen point and have a nice week of profit.As for now on my reading, I believe it will reject on SMA 200 this time building a RANGE market PA. Then it will back to higher TF of DAILY on Long Bias. Additionally confirmation on USD/JPY to get support on 101.1x area, it brings a meaning of weaker Asian Currencies. So, entering a new SELL here on EUR/AUD, grab some pips of probably 100 pips and get out of the pair are the best choice. Lastly, hope you guys enjoy the weekend. After earning some, remember to spend it. If you can't spend all, I am ready to help you on spending. |
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Apr 11 2014, 07:25 PM
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(highlowyat @ Apr 11 2014, 06:42 PM) that shud repaint because thats how it works.. she find the peak price.. and act as alert signal Seems a quite working strategy shared by sifu here. I think there is something useful maybe I could share with you guys here. Once ago, when I doing a studied on MA combination with WAVES, I found these are the most powerful combination. Don't ask me when, I just remember sometime back to the days. So I implement my strategy again to avoid any repaint for more accuracies, I found that WAVES, MA, S/R could only act as my Master Guideline. For more accurate on trade, I added another CANDLES study to the combination to avoid repaint or more capable setup. Try it, it really works.MA is confirmation to enter trade, MA is not repaint sometimes it doesnt work, most of the time it does |
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Apr 11 2014, 08:33 PM
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Senior Member
2,847 posts Joined: Sep 2010 |
Anyone FXCM here? The withdraw and deposit of funds is it easy using Debit card?
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Apr 11 2014, 08:38 PM
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Senior Member
1,299 posts Joined: Nov 2010 |
Anyone recently went to FXNet seminar?
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