Let's see what's going to happen tomorow
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Forex Trading Corner, Let's discuss forex strategy
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 Dec 3 2006, 11:29 AM
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#21
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Senior Member
2,185 posts Joined: Oct 2005  
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Potential Wolf Wave detected in AUD/USD 1H charts
Let's see what's going to happen tomorow Attached thumbnail(s)
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Dec 3 2006, 02:54 PM
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#22
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Quincy @ Dec 3 2006, 01:41 PM) Nice 1. I already got two continuous WW on AU on m5 chart on last friday. I get like 11 pips for each waves so total 22 pips. I know its not that much but considering smaller timeframe and i entered late on the first ww and exited early on second ww Woot ... 22 pips is not bad at all. It's 5 min timeframe ...  .Attached is two ss. 1 of it is the zoom in of the WWs blue line = 1st wave. red line = 2nd wave.  To anyone interested, Below.. I attached my Malay forex trading tutorial for beginners who got lost in the middle of various popular indicators. This is one of my fav method and it has no indicator. Just candlesticks and trendlines. Hope it can be useful to anyone out there. This tutorial is just about trading. No guide on installing Marketiva/Metatrader. Attached File(s) 
Forex_Tutorial_luqmanz.pdf ( 74.04k )
Number of downloads: 123 |
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Dec 3 2006, 07:09 PM
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#23
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Quincy @ Dec 3 2006, 05:16 PM) That tutorial is ok, but not recommended for newbies. (should put there pls read babypips first If I remember correctly .. mouteki try to profit from trendline breakout. if u are newbie).the strategy supply and demand is almost like mouteki. This one actually trying to make money as long as the trendline is not broken e.g current trend is going strong. There's no strategy for trendline breakout in this document ..  The idea is to help newbie make small but recurring profits in their trades (bullish reversal in a bullish trend happens frequently). IMO, that's the easiest place to make profit. This post has been edited by luqmanz: Dec 3 2006, 07:14 PM |
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Dec 3 2006, 10:03 PM
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#24
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2,185 posts Joined: Oct 2005
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QUOTE(Quincy @ Dec 3 2006, 08:10 PM) I never says that it is exactly as mouteki Hehe copy that.  Its just that the trendline, supply and demand concept are almost the same i think. Havent finish yet reading mouteki, just a quick review  I heard NFP is this week ? Gotta get ready for it. Gonna see alot of action. This post has been edited by luqmanz: Dec 3 2006, 10:04 PM |
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Dec 4 2006, 02:19 PM
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#25
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Quincy @ Dec 4 2006, 01:36 PM) Your WW failed to reach point 5. Ouch ... Ive noticed if you draw trendline from line 2 to 4, and then compare with line 1-3, the 2 trendline (line 1-3 and 2-4) are not converge. What you draw is broadening line. Well broadening line do work, but the percentage are much lesser than converge line. I see you are using interbankfx ... how's the quality of service ? ... what's the overnight interest policy ? |
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Dec 4 2006, 11:15 PM
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#26
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Senior Member
2,185 posts Joined: Oct 2005
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Caught another Wolfe Wave today ... Timeframe 15 min.
41 pips only Attached thumbnail(s) 
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Dec 6 2006, 02:56 PM
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#27
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2,185 posts Joined: Oct 2005
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Hafifee .. good job. Seems like Several currencies are going down. Seems like a ripe time to begin shorting.
Trend lines are breaking down...  |
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Dec 6 2006, 03:39 PM
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#28
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2,185 posts Joined: Oct 2005
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QUOTE(hafifee @ Dec 6 2006, 03:21 PM) yup..but major pair now is ranging market.. Yup ... its time for Wolfe Wave scalping hehe .... |
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Dec 7 2006, 09:04 AM
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#29
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Senior Member
2,185 posts Joined: Oct 2005
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Lol there were many WW candidate last night but none of them show strong entry signal...
But anyway Fibonacci is really magic ... I entered this position at 1130 pm ... when I woke up this morning..the target profit reached. Anyone learning to trade, make sure Fibonacci retracement is in your syllabus.  Target profit in Fibs is usually 61.8% and 161.8%. In strong market it may reach 261.8%. Attached thumbnail(s) 
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Dec 7 2006, 10:42 AM
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#30
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(ThanatosSwiftfire @ Dec 7 2006, 10:36 AM) wanna ask a little. Marketiva ... 5 pips ..how does the broker charge? how many pips, usually? North Finance 2-10 pips depending on market condition. |
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Dec 7 2006, 11:08 AM
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#31
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(ThanatosSwiftfire @ Dec 7 2006, 10:52 AM) 5 pips. O_O hehe when you have the skills to make 30-100 pips in trades, 5 pips is not bad at all. shiets.. lucky i'm not dealing with real money weih... usually makign only 4 pips lidat... mar rugi... hahaha... nvm. anyway. started yesterday, thx to u all punya influence. whahahaha |
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Dec 9 2006, 01:09 PM
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#32
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(ao_othman @ Dec 8 2006, 12:40 AM) hi there, i am interested in forex and ive just started reading about. can any of you help me with what does this sentence mean? Pip is the smallest increment/decrement in any pair. The minimum fluctuation of an exchange rate is referred to as a "pip". For USD/JPY and EUR/JPY, a pip is equal to 0.01 and for the other exchange rates, a pip is equal to 0.0001. thanks in advance Example GBP/USD = 1.9397 (current price) GBP/USD = 1.9399 (old price) The difference is 2 pips. Any increment/decrement will be in the multiple of 0.0001 which is 1 pip. For USD/JPY ... 1 pip = 0.01 QUOTE(ao_othman @ Dec 8 2006, 09:50 PM) omg, im seeing live now GBP/USD shooting up. can any1 explain why this is happening? from roughly 1.9558 to 1.9631 and rising. very sharp. The NFP news brought the pair down .. but the unemployment news that came 15 mins after that showed bad news for USA so the pair shot up. |
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Dec 9 2006, 02:10 PM
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#33
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Senior Member
2,185 posts Joined: Oct 2005
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That's a good wave.... did you locked the profit when it hit the 2-4 line there ?
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Dec 9 2006, 07:24 PM
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#34
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Quincy @ Dec 9 2006, 04:51 PM) Luqman malam ni ko online ym tak? Malam ni aku keluar berlibur ... balik lewat ... ajar aku camne nak guna moneymanagement excel ko tu boleh? Tapi besok malam/afternoon aku ada ..... This post has been edited by luqmanz: Dec 9 2006, 07:31 PM |
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Dec 11 2006, 01:18 AM
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#35
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(c2v4l @ Dec 10 2006, 08:12 PM) hey guys..is income from forex is taxable?would like to know this.i got a fren who got 20k usd juz from one night trade(of course his capital is bigger than profit)vermy much appreciated No idea ... need to check that with Internal Revenue. I *think* it's non-taxable because the income is not "hasil dalam negeri". |
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Dec 11 2006, 09:11 AM
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#36
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(j3rry @ Dec 11 2006, 05:20 AM) how to get start wif forex ? i m new to it..jz 1 2 hv a try..any sifu can teach me ? PM me and I will give you the stuff you need to start ... |
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Dec 11 2006, 10:30 AM
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#37
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(hamster9 @ Dec 11 2006, 10:23 AM) Good morning forex traders... I wish I have my computer now..this office pc cannot be installed with forex tools ... I wanna look at EUR/JPY (4H charts) ..yesterday it seems like a good candidate for mouteki trading short position ... I've just logged in and saw its too late for a short this morning. Oh, well....nvm. Wait till 2pm and have a look  Opened any positions this morning luqmanz? This post has been edited by luqmanz: Dec 11 2006, 10:31 AM |
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Dec 11 2006, 01:07 PM
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#38
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(hafifee @ Dec 11 2006, 12:32 PM) i see one trader making 300usd from 5usd in 3 month.. USD5 become USD300 .......... that's alot. he is using breakout system..n he prove it with his screen shot..  ... great skill. |
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Dec 11 2006, 03:15 PM
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#39
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(j3rry @ Dec 11 2006, 02:59 PM) teach me guys...i want to learn... I sent you email at gmail. |
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Dec 11 2006, 03:18 PM
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#40
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Quincy @ Dec 11 2006, 03:14 PM) Beli laptop la Untuk trading account dalam USD ... dan pair currency xxx/USD sahaja ... leh trade hari-2  btw excel moneymanagement tu is for marketiva right? kalau guna metatrader lain calculation? Aku tak tau camne nak kira untuk pair-pair lain. Btw aku dh upload version baru kat thread nih .. post yg sama. |
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