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 Forex Trading Corner V2

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mphpopular
post Jun 12 2008, 01:49 AM

bar chartist
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wish you don't laugh me. I open at previous high. haha my opening price is at top price.

Open price : 210.54

This post has been edited by mphpopular: Jun 12 2008, 01:50 AM


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mphpopular
post Jun 12 2008, 01:53 AM

bar chartist
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QUOTE(jebonen @ Jun 12 2008, 01:47 AM)
if im play long.... after SL  -40pip im going change my post...

#my english the worst in LYN i think

yeah... portugal....
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Tq, i shall take note on this. I seems like having difficulties on get out of bad trade.

My winning rate around 78%. But my account still losing money. Bcoz i win average 3 buck per trade. But lose average 12 buck per trade.

Still trying to improve myself
mphpopular
post Jun 12 2008, 01:57 AM

bar chartist
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QUOTE(hitokiri_maniac @ Jun 12 2008, 01:52 AM)
..walawehh...u open trade near the resistance... there always possibilty it will bounce back every time it nearing either support,resistance or pivot line...if me.. i will not open trade if the price near the line.. it 50/50 change... either go up or bounce back... doh.gif  doh.gif
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You got it. haha. I also feel, why myself so brave and go in. My chart also have the resistance over there. But i still dunno y, i am so happy and go fight to resistance??? I holding the trade until now, I still having confident for GJ for bull in long term.

I need a calm brain so that everyday, i can trade wif commmon sense in my mind.

@hitokiri_maniac
Juz to let you know how i trade GJ. I trade GJ with completely different method with other pairs. I trade it wif my insane ways.

For EJ and GU. those are stable pairs, so their SL , TP are easier to set. Even the price movement wont be such be as GJ.

So for my GJ. I alway either is win alot, or lose alot. I know that this pair, the price is super volatile (whereby sometimes 1 day can go 200 pips). That why it is always posible for GJ to do any insane things. I trade GJ using a longer TF, bcoz by using smaller TF, it kinda of hard for me to set my SL. For a pair like GJ, a 50pips SL is too easy to broke.

For this trade, i buy on top of the price, bcoz i believe it will go up more from daily TF. but there is high amount of seller at the resistance point. when the price drop. it does not touch my SL, whereby if the line over my SL is broken, mean daily BULL is no longer exist.
Now i shall challenge the resistance again. I scary as well. That y i said GJ is my primarily pairs. It effect my results greatly


This post has been edited by mphpopular: Jun 12 2008, 02:04 AM
mphpopular
post Jun 12 2008, 02:09 AM

bar chartist
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QUOTE(hitokiri_maniac @ Jun 12 2008, 02:03 AM)
GJ trying to push back to resistance line.. i think..see if it fail again or not... sweat.gif
*
My DMI is not showing enough power for me to break thru the resistance. I shall worry that, it wil bounces back once again.
mphpopular
post Jun 12 2008, 08:34 AM

bar chartist
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QUOTE(jebonen @ Jun 12 2008, 02:12 AM)
GJ cannot make it i think...
Coz EG also want to hike for something?? icon_idea.gif

My opinion EG vs GJ....
*
We juz got it right. Cant break over. Seems liek GJ going to have big things happen over this two days. This is the last two days of this week. Juz look carefully.


QUOTE(yscagro @ Jun 12 2008, 04:42 AM)
hi all...can you all give me an idea what forex company are you all trading on???
i have been in FXCM for about 2 year....looking for better company...
any recommend???
*
I currently using alpari mini account. But isuffering for the charges for funding my account. You can try ibfx as well.
Currently i wish i could try fxmalay micro acount

GJ 15m

This post has been edited by mphpopular: Jun 12 2008, 08:48 AM


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mphpopular
post Jun 12 2008, 08:51 AM

bar chartist
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QUOTE(low yat 82 @ Jun 12 2008, 08:48 AM)
fxmalay is not regulated... bkful if u funds big into d acc...
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oK. I will watch out for that. I only thinkking to put like 50usd into fxmalay. Juz use it to test some of my methodology. How are you? Its been a time i nvr saw you and small-jeff. Yesterday night you also juz appeared a while
mphpopular
post Jun 12 2008, 08:57 AM

bar chartist
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QUOTE(normeck @ Jun 12 2008, 08:53 AM)
aiyak....sorry wrong info...its $1.25 dollar...zzzz

@mhp
wei!!...u told me to stick to the rules....and play stop lost....why u enter at support/resistant?...
*
Actually i also duno. I play GJ is insane one. I still setting sL. But wif a big SL. I try to maintain my GJ trade based on daily TF. It is a bit of insane i think. I still trying to adjust this methodology. Wish it workout for me.

This is the demo result whereby i use the methodology that i meantion: (since 20/5/2008)(in pips)
41
-74
213
-53
-93
264
-21
-99
84
-76

But this way only applicable for GJ. Cause GJ volatile enough.

mphpopular
post Jun 12 2008, 09:15 AM

bar chartist
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QUOTE(normeck @ Jun 12 2008, 08:59 AM)
6 out of 10 in negative pip....theres something wrong my friend...
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QUOTE(low yat 82 @ Jun 12 2008, 09:13 AM)
from there we can see d forecast corrects 40%... anyway, it still need mroe data to confirm this..

a good system/tactic, shud hav at least 50% accuracy..
*
Ya, actually i still figuring what need to be improve over this. It yield a big pips. But the losing rate is high. losing pips is high as well, can go until -99pips.

I hve tried like escape those trade nearby the resistance and support area. But some times, those are the trade that make me really profitable. I will try to analyse back all these trade during my weekend for more improvement.

Ok frenz, i go for work first. Chat tonight again. Thanks for your advice. I shall more carefull on this methodology

This post has been edited by mphpopular: Jun 12 2008, 09:19 AM
mphpopular
post Jun 12 2008, 05:22 PM

bar chartist
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Here i am again. Manage to trade one when i was working. Here it is.'

GJ not really provide a good market for us since 2days before. Even for scalping also in danger mode. The ranging channel is too small and very unexpected.

I currently trading on GJ GU and EJ. I thinking to not trade GJ pairs again. And now trying to find another substitute whereby the volality wont be so high.


Luckily i did not long on EJ juz now. My indicators showing me alll yes. But luckily i lazy to trade. Safe

Edit: Thanks normeck. I got it already.

This post has been edited by mphpopular: Jun 12 2008, 05:27 PM


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mphpopular
post Jun 12 2008, 05:33 PM

bar chartist
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Normeck, juz wanna show yousome of my confuse. I currently using one that called auto pivot indicators. But as you can see. Only daily pivot is same level. Others does not same at all. But i actually found out yours is more accurate.

Another point is, the line will update by it self? or i nid to refresh it?


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mphpopular
post Jun 12 2008, 05:43 PM

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GU. will it break it? I shall wait for the candle to closed over the candle lor.

@normeck
Do you have indicators to show how much time left for the candle to complete? Cause b4 tis, i used one, but if i use ur fibonannci pivot. It make my candle time indicator kena close.
mphpopular
post Jun 12 2008, 05:55 PM

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QUOTE(normeck @ Jun 12 2008, 05:48 PM)
this one ok or not?
*
I think ok lor. Juz send me when you free lor. I think i can adjust the font size of the number right??

Here is my longer TF analysis on GU. I still waiting for this candle to close (15mTF) . Then i shall decide my entry.


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mphpopular
post Jun 12 2008, 07:53 PM

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@lowyat82

this is what i use since i trade. It will appear at the left upper of the chart.

Here is the link. the file called candletime.rar

http://www.4shared.com/account/dir/7519399...ing.html?rnd=34
mphpopular
post Jun 12 2008, 08:22 PM

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@lowyat
Ya, it is for mt4 one. I using mt4. It willl show how much time left until the candle closed.

But if u use the pivot line by normeck. The pivot line normeck will cover up the candle time. That why i looking up for a new one.


Added on June 12, 2008, 8:32 pmNews juz went out on USD

This post has been edited by mphpopular: Jun 12 2008, 08:32 PM
mphpopular
post Jun 12 2008, 08:46 PM

bar chartist
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The news now finish making impact for the market. But now is trader time to make the days. Trader seems start to take their move.
mphpopular
post Jun 12 2008, 08:49 PM

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I thought you are asking for my candle line??? you are looking for the pivot is it? i can send u if you wanted to.

Candle time is, it shows how long will this candle to closed. Like on 15m chart. The candle time will slowly start the timer from 15m to 0 m


@smalljeff
U using mt4 tradin platform right?
Go into your mt4 folder. Then go in experts folder --> indicators --> then paste the file at there

This post has been edited by mphpopular: Jun 12 2008, 08:53 PM
mphpopular
post Jun 12 2008, 09:01 PM

bar chartist
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oK. hERE I slowly list out step by step for all mt4 trading platform user.

Note: only for mt4 trading platform

First, extract the rar file first. Then copy the file into ur mt4 trading platform folder(moz probably in c drive/program file/

Then went into experts/ indicators.

Copy the files into indicators folder. Juz paste it out.

Now restart ur mt4. You shall see in your custom indicator list. You shall see there is Fibo_pivot/CandleTime indicators.

Juz double click and use it.


Here is the link to download.

http://www.4shared.com/dir/7519399/63475e30/sharing.html

If still cant get it. Plz post over here. I and normeck wil try answer


Added on June 12, 2008, 9:06 pm
QUOTE(lord_vader @ Jun 12 2008, 08:56 PM)
guys, eurjpy seem to head up. just my prediction  base on macd.
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From my daily Tf. I saw it wil go north as well. But i stilwaiting for a further confirmation wehereby i worry for any retracement will incurred.

QUOTE(hitokiri_maniac @ Jun 12 2008, 08:59 PM)
today trade... ok la.. so so.. the loss all my fault.. eager to close fast and not follow my rules when i open it..still sloppy.. need to improve more..

all TP are based either by pivot lines or support lines or resistance line.. no fixed TP  icon_rolleyes.gif

*
I slowly read thru ur result. Your TP are all over the resistance or support line. gOOd one,bro.

I still havent trade any although i have been here whole night.

I feel curious how you take note on so many chart on one time. I only able to handle 3 currency pairs

This post has been edited by mphpopular: Jun 12 2008, 09:06 PM
mphpopular
post Jun 12 2008, 09:46 PM

bar chartist
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I got put it over my link. Go hav a look la. Fib_pivot indicators
mphpopular
post Jun 12 2008, 10:18 PM

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No lor. But it still like a normal pivot lor. I think it quite accurate. Use it for a moment first la. C whether it accurate o not lor.

EJ i did not go long it. I exit my long when the time nearby the news. Now regret ing haha

And should thanks to normeck. He is the one who send me. Thanks normeck

This post has been edited by mphpopular: Jun 12 2008, 10:19 PM
mphpopular
post Jun 13 2008, 07:12 AM

bar chartist
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QUOTE(normeck @ Jun 12 2008, 10:42 PM)
actually the pivot show us where to exit or enter isn't?
*
I currently open up one more demo account, whereby juz to enter and exit based on this pivot rules. But it is not easy to manage as well. Since we must find the valid pivot and resistance, and make sure that the resistance or the support wouldnt break.

QUOTE(normeck @ Jun 12 2008, 11:24 PM)
so bored la GJ today....i want to trade another pair...second volatile next to GJ is?
*
Ya, I think GJ this whole week is making people loss money. Even myself have gone 120 pips into it. I thinking to withdraw from GJ (this kind of high volatile pair) if i still trade losses at the end of this month, find a stable pair and trade slowly. Although profit slow, at least i stable and confident. For this week, luckily i have profit from GU to cover off my loss on GJ. If not, i shalll die.

QUOTE(Forex4ff @ Jun 13 2008, 06:34 AM)
Thanks for your answer. May I know what is MT4?
*
MT4 is a trading platform. Juz like u using fxcm, the trading platform you use got a name as well. Differences between mt4 and fxcm is juz like between mozzila firefox and internet explorer. Mozila allow you to add in alot of add-ons. And internet explorer is come wif all equipped and kinda hard to find add-ons.

If you interested for mt4 trading platform, you can go thru demo from fxdd or ibfx or alpari-idc or fxmalay.


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