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 Forex Trading Corner V2

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low yat 82
post May 5 2008, 10:53 AM

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QUOTE(small-jeff @ May 5 2008, 12:31 AM)
the fan part...

you also very strong ar...here trade forex...there trade stock... biggrin.gif aih..tomorrow looks quite difficult for EU and UJ sad.gif

anyway...if you're interested in the book, pm me your email ba...
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huhu... will slow down abit forex... coz i need sometime to forget ab few straight losses.. tongue.gif

mayb later ab d book.. coz wanna finish up EW books 1st ^.^

today ramunia must need to finish as up day.. if not, it is showin sign of weakness...


Added on May 5, 2008, 11:00 amedited: d fan part r?

yup... d concept same wit normal retracement...



This post has been edited by low yat 82: May 5 2008, 11:00 AM
low yat 82
post May 5 2008, 06:48 PM

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QUOTE(small-jeff @ May 5 2008, 05:32 PM)
go for brokers that have ready made indicator packages, then let it automatically trade for you, and you'll be millionaire soon...  whistling.gif  tongue.gif forex very easy to earn money  rclxms.gif  whistling.gif


Added on May 5, 2008, 5:48 pmlowyat...why the chartnexus still at 2/5/08 ar? wont update one? or have to wait till the market closes first?
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need to wait till around 7pm then can download data.. ^.^ it;'s not realtime ma tongue.gif
low yat 82
post May 5 2008, 06:52 PM

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QUOTE(mphpopular @ May 5 2008, 06:48 PM)
erm, can any traders comment which chart layout does better?

http://forum.lowyat.net/index.php?showtopic=689474
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its depends on u wat... every1 diffrent taste ma... like me, i like use red n green color.. red for down, green for up.. smile.gif
low yat 82
post May 5 2008, 07:25 PM

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QUOTE(small-jeff @ May 5 2008, 07:16 PM)
lowyat...your ramunia still open ar? another doji leh...the attack on the 61.8% fan has failed
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in daily chart?
low yat 82
post May 5 2008, 08:05 PM

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QUOTE(small-jeff @ May 5 2008, 07:50 PM)
yeah...bad sign...haha..this thread should change to TA+FA thread biggrin.gif
the down move has already completed. It would be rather difficult to pass through the previous congestive zone. Price might rally a little or direct rebounce, and consolidate until breaking any resistance/support.


Added on May 5, 2008, 7:51 pmand can you stop advertizing Forex Killer?
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i think EU worth watchin...it seems like inverted H n S is on d way..


btw, d doji form at below wor... today really show sign of weakness... infact most of d speculative stock show d same signal..sigh... anyway, i think ill stick to my original plan tongue.gif
low yat 82
post May 5 2008, 08:16 PM

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QUOTE(small-jeff @ May 5 2008, 08:14 PM)
what is H and S? lol...

If EU can break through 1.5470..it might go bullish...but for the time being...still bearish.. biggrin.gif USD go strong good...more RM...hahaha
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head n shoulder.. tongue.gif


yar, dat d price need to break in order to form H n S in 1hr chart...

This post has been edited by low yat 82: May 5 2008, 08:16 PM
low yat 82
post May 5 2008, 08:53 PM

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QUOTE(small-jeff @ May 5 2008, 08:45 PM)
lol...i totally missed out on H&S...you're good at spotting patterns thumbup.gif

but i think it would be short lived (up move)...immediate resistace at 1.5515...
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hav to ma... my core tradin systems is chart pattern oo...

hmm.. dunno y today GJ follow GU 1... hmm.gif
low yat 82
post May 6 2008, 12:25 AM

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QUOTE(small-jeff @ May 5 2008, 09:01 PM)
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


Added on May 5, 2008, 11:43 pmzzzzz....everything is consolidating...UJ...wanna break new high also failed...sigh...
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UJ n GJ is in d process of breakin d lower trendline.. hope dat succesfull ^.^
low yat 82
post May 6 2008, 01:27 AM

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QUOTE(small-jeff @ May 6 2008, 12:33 AM)
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 sad.gif..i'm waiting for it to rebounce and go long on it... biggrin.gif
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GU formed H n S in 15min chart.. ^.^ better wait for confirmation 1st.. d see UJ finish form d bar 1st.. if close below 105.13 for 1-2 bar is confirmation its goin down..


low yat 82
post May 6 2008, 09:12 PM

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finally... today good predictions for GJ n UJ... thought wanna trade someore..but cant. my girl girl sick liao...

moreover, im still in a process to regain bc my confidence.. lol...

edited:

UJ -> inverted bump n run + double tops. = confirm go down 1..

GJ ->adam n eve + d break of trendline = kau kau confirm... moreover d downside still alot.. ^.^

This post has been edited by low yat 82: May 6 2008, 09:15 PM
low yat 82
post May 6 2008, 09:24 PM

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QUOTE(small-jeff @ May 6 2008, 09:17 PM)
nicely done biggrin.gif

though everyday's a new chart to me...but today when i open the chart bout 4pm...looks kinda..hmmm...lost..to me.. sad.gif
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huhuhu.... when u see alot of time n try to spot, u will able to catch it... now, i finally realise a good chart pattern, need at least 2-3 days to form... guest it is true when people say, dun overtrade..lol

k, chat later, need go to my girl girl there.. she's sick... still sleepin.. T.T
low yat 82
post May 6 2008, 10:46 PM

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QUOTE(mphpopular @ May 6 2008, 10:25 PM)
I wan to know. If you having 7 currency pair. Each currency pair have 30min, 1hr. 4 hr, 1 day timeframe... Are you going to see at all?

Cause i really see each... Draw trendline on each.... And it really does cost me around half day time..... Alway make me almoz faint..
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huhuuhuh... u so keng leh... go draw trendline for so many pair.., i usually draw trrendline for daily n 1hr/4hr..
low yat 82
post May 7 2008, 12:18 AM

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QUOTE(small-jeff @ May 6 2008, 11:55 PM)
i think there's something wrong with chartnexus's fibonacci fan...the retracement levels are the other way round... rclxub.gif lol
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ya kah? huhuhu... mayb u shud email to them then... ^.^


low yat 82
post May 7 2008, 06:49 PM

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QUOTE(small-jeff @ May 7 2008, 09:58 AM)
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...
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haizz... too bz wit my girl girl, no monitor... shud have cut lost yesterday for GU... 2 days below my caution line... today cut lost liao... usd seems like will hav short bull run.. still need confirmation from other pairs... anway, can look at chf/jpy... seems like wanna break from downtrend..
low yat 82
post May 8 2008, 01:08 AM

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QUOTE(small-jeff @ May 7 2008, 08:58 PM)
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? biggrin.gif


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...


Added on May 7, 2008, 10:41 pmwow...GU is like on a free fall...
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yar.. i was actually off from tradin forex.. jus dat d GU i hav hold for 20 tradin days d...
low yat 82
post May 8 2008, 08:43 PM

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@small jeff, i think we shud join forces to forecast good entry long positions for EU.. im lookin at it though,...

anyway, i am shortin UJ... quite confident... to get max profit, need hold quite long though.. will post later my analysis... hope u do d same too ^.^

for UJ

user posted image



if its able to close below d d lows at d 'thumb sign' wit a comfortable margin it shows quite bearish, but if its close above it, take profit n wait for another tops n short it..

its actually broken d trendline d, n d min TP is d white line.. since d white line is under d strong lower trendline (yellow) i forecast it will b extreme bearish move,...

This post has been edited by low yat 82: May 8 2008, 09:10 PM
low yat 82
post May 8 2008, 10:46 PM

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QUOTE(small-jeff @ May 8 2008, 09:39 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... rclxub.gif then i just sit and wait for US market to open to push it back up again biggrin.gif ...and it did manage to climb back up...closing both...close call... tongue.gif  sweat.gif

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...  thumbup.gif
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hmmm..... if like dat seems like EU still no clear sign of continue uptrend lor.. stil remember my monthly chart? i wanna find d best entry price...

user posted image

now daily chart shows tops sign... hmm... mayb it will retrace bc to d lower 'white' line..


btw, gold ( taikor of conmodities) also show bottomin sign.. now try to break H n S... UJ will continue its south way n others GU n EU will try to find bottm 1st b4 can continue go up..


Added on May 8, 2008, 11:03 pmedited: hmm.. using d same angle to draw d downtrendline, EU does shows dat end of this year would b d best time to go long... wow... dats way vry long time... T.T


Added on May 8, 2008, 11:05 pmoo.. u looks at 4hr chart 1 r... ic... i more to 1 hr, but sometimes, see d chart, too many chart pattern will makes me wanna faint..lol

This post has been edited by low yat 82: May 8 2008, 11:05 PM
low yat 82
post May 8 2008, 11:55 PM

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QUOTE(small-jeff @ May 8 2008, 11:15 PM)
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.. biggrin.gif for the time being..still look berish...haha...honestly...dont really know how to swing lar.. tongue.gif

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


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.. biggrin.gif


Added on May 8, 2008, 11:24 pmwhy no other poeple join the analysis one? sad.gif all share share some views ma biggrin.gif
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nah... i dun look at too many pairs for long term... coz no money to open positions leh tongue.gif

others forummer prefer to read onli ma... i also like dat last time tongue.gif


btw, d final 5-10min of 4hr chart will b vry important.. let see this time around.. smile.gif
low yat 82
post May 9 2008, 06:29 AM

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QUOTE(small-jeff @ May 9 2008, 12:10 AM)
yeah hor...lowyat...ODL doesnt allow scalping less than 7 pips er? sad.gif

hmm...if i can maintain consistantly trading like this for another 2 months...wanna go live...
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good luck to u... now i have a huge -ve profit need to settle..lol....
low yat 82
post May 9 2008, 02:16 PM

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lol.... if everything's goes fine, i can recover my losses in no time... hmm... decided to hold UJ n add positions when throwback happens


ooo... friday nice for scalpin ka? i dunno leh tongue.gif


Added on May 9, 2008, 2:20 pmbro... bkful go long... lots of pair show now is good to short... even NU.. broken uptrend d...

This post has been edited by low yat 82: May 9 2008, 02:20 PM

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