weird...seems like the market is "too" quiet...got major news release?

ooh...Japan and UK public holiday...plus today got US ISM Non Manufacturing report coming out

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Added on May 5, 2008, 11:43 pmzzzzz....everything is consolidating...UJ...wanna break new high also failed...sigh...

This post has been edited by small-jeff: May 5 2008, 11:43 PM

thanks for sharing. so how many millions have you made?

hmm...i placed an entry position long on UJ...dunno why is it going sideways so long...like no steam on both bull and bear...

GU still stuck inside previous congestion zone, tested the support level at bout 1.9653, but failed..now congesting again ..i'm waiting for it to rebounce and go long on it...

wow...EU attempting to attack resistace at 1.5609...a rather strong resistace though..
aihs...UJ went down..see can break support at 104.65 or not...third attempt to break higher

ooh..no wonder...look at attachment-UJ..50% is congestive area..

slow slow lar friend..no need rush

nice bro...but the attempt to break resistance seems to be still going on...may reach previous high of 0.9540 (attach AU)


Good Luck, Pippers


Attached thumbnail(s)

sigh...got it all wrong today...

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Added on May 6, 2008, 6:55 pmyou can get it from most brokers' website. I use i-google for forex news

This post has been edited by small-jeff: May 6 2008, 06:55 PM

nicely done

though everyday's a new chart to me...but today when i open the chart bout 4pm...looks kinda..hmmm...lost..to me..

sigh...today is a bad day for me...stop trading for the day le...

i think there's something wrong with chartnexus's fibonacci fan...the retracement levels are the other way round... lol

hmm..USD strong for 2 days...goes weak back for another 2 days..

sometimes when i look at the price movement following fibonacci retracement..makes me wonder..what really governs the market sentiments? fear and greed? or just that everyone is using the same retracement level?...hmm...

hm...lowyat...GU seems to have heading 100% retracement from 1.9360/2.0400 low/high (from 20/2 to 14/3)...but now seems like the bear run is going to reversal, perhaps to 1.9607..hmm...

eh..thought you this week time off from forex?

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Added on May 7, 2008, 9:03 pmbut anyway...looking at USD index...seems like it's going to fall for another day..hmm..it'll be interesting to use chartnexus's US Index to see USD's strength...

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Added on May 7, 2008, 10:41 pmwow...GU is like on a free fall...

This post has been edited by small-jeff: May 7 2008, 10:41 PM

wah...got lot of free margin huh earning on carryover?

congrats bro

GU = GBP/USD. I personally dont think GJ is that volatile...the recent patterns in GU is volatile.. but i think it has come to an end of its waves swings..wow...nice catching pips there


how's everyone's tradining this week? good?

This post has been edited by small-jeff: May 8 2008, 07:25 PM

talk bout EU...just now damn close to losing a hell lot..lol...cause from my chart, it's suppose to bounce off 1.5366...i had both long and short position away from this level...it fell like shit upon hitting my long position, until my short position also open...lol... then i just sit and wait for US market to open to push it back up again ...and it did manage to climb back up...closing both...close call...

Anyway, for EU...careful on reaching the 200MA on 1H...ooh..already touched it..may bounce off strongly..until 1.5392 (and lower if time goes by; minus 3 pips per hour)...

i just looked at the daily chart...seems like it's still not the best time to go long...too risky le (daily chart)...the down move is not over yet...if it passed through the 38.2% level, might consolidate a bit first, then could drop violently to the 50% level....

UJ...it's broken the trend line...but the high in the next may target to reach 104.40, or 200MA on 4H chart...but it is going down in the long run...can see from my attachment, it'll bounce within the 2 blue lines, until reaches 23.6% level.

sure can join forces...been trying to look for people to discuss..haha..but i only try to look at what's going to happen on the next 4 hours...might not suit you wor...ofcourse, always happy to discuss and analyse...

This post has been edited by small-jeff: May 8 2008, 09:49 PM


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If we look at the weekly chart...from the previous high/low, the reversal is actually bounced from the 123.6% extension level (1.6088)...Resistance zone will be around 1.4967-1.4585...so..going short on EU until 1.4967 should be less risky for now. Ofcouse, we cannot forget about the phychological support level at 1.5000.. for the time being..still look berish...haha...honestly...dont really know how to swing lar..

edit: depends la...1H chart sometimes got bit noise...4H can refine the pattern a bit. But i open position still based on 1H charts

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Added on May 8, 2008, 11:21 pmwhy not try swinging on GJ? look at its monthly chart...it might have good chance of trying to return back to its previous high...high rollover also..

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Added on May 8, 2008, 11:24 pmwhy no other poeple join the analysis one? all share share some views ma

This post has been edited by small-jeff: May 8 2008, 11:24 PM


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yeah hor...lowyat...ODL doesnt allow scalping less than 7 pips er?

hmm...if i can maintain consistantly trading like this for another 2 months...wanna go live...

This post has been edited by small-jeff: May 9 2008, 12:12 AM

It's friday le...tonight will be good for scalping..

EU...if price can hit the resistance at 1.5456 before tonight, good chance it'll rebounce back to 1.5390 (edit: then towards 1.5292)...

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Added on May 9, 2008, 2:15 pmaiks..so fast kena 1.5456 already?

This post has been edited by small-jeff: May 9 2008, 03:26 PM

ya,..not good for long positions now...i was aiming to go short on EU...but didnt expect it to hit the resistance so soon

UJ ar...careful on these supports...103.33 (attacking), 102.39, and the big support level at 101.87..

yeah...sometimes on friday, those ppl tend to make an early direction for next week's opening...wait for 9pm

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Added on May 9, 2008, 2:44 pm@corez:

lets join the discussion on USD pairs

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Added on May 9, 2008, 5:07 pminteresting to look at EU now...the price broke through the congestion zone (resistant) from 1.5456-1.5474...dunno whether they got steam to continue or not..

This post has been edited by small-jeff: May 9 2008, 05:07 PM

lol...how much you earning le? friday is crazy forex day

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Added on May 9, 2008, 8:25 pmwah...you short on UJ???

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Added on May 9, 2008, 8:28 pmcareful...us market going to open soon...

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Added on May 9, 2008, 8:32 pmaiks...just checked on stock market...lowyat...your Ramunia closed already?

btw...looking at yesterday's USD index...seems like it might close lower today...


This post has been edited by small-jeff: May 9 2008, 08:34 PM


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haha...never mind...you're profitting through forex le...hahaha...

hmm...must work harder...2 more days till the market opens again for the time being, lets learn how to trade forex first..

the past 2 weeks not bad...out of 39 positions, lost 3...have to improve...

lets have a brief outlook of next week's price direction

aah...lowyat..EW is one of the most widely used TA...100% worth the time..i havent really go through it yet, but still can try to identify some ler..haha..then should follow by Fibonacci ...plan to further understand Fib first before going EW...

yeah...i must try to see what you see...so can reduce losses...i think what i lack now is...identifying patterns...which you're good at..

edit: only know 12345-abc (5 waves)..haha..saw some using xyz (3 waves) as well...

This post has been edited by small-jeff: May 10 2008, 05:57 PM