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 Forex Trading Corner V2

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low yat 82
post May 9 2008, 06:35 PM

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lol... if now i close all my positions, its alrady enough to cover all my losses.. ^.^ somemore got extra


forex is crazy!!!!
low yat 82
post May 9 2008, 08:44 PM

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QUOTE(small-jeff @ May 9 2008, 08:22 PM)
lol...how much you earning le? friday is crazy forex day biggrin.gif


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


Added on May 9, 2008, 8:28 pmcareful...us market going to open soon...
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now still got 3 open positions.. 2 UJ n 1 GJ..

earn enough to cover all my straight losses lor.. tongue.gif but still, its in open posittions.. not yet close


yup.. shortin UJ n Gj... d downside still alot...today shud b d mark of major point... continuation of downtrend..

edited: nop, didnt bother to watch d ctr also tongue.gif hmmm need to check wats d closin price for it though.. will analyse it later or tomollo...


Added on May 9, 2008, 8:54 pmwa... closin price so low... uhuhuhu... anorher week below 1.43 will b my cut loss d...

This post has been edited by low yat 82: May 9 2008, 08:54 PM
low yat 82
post May 10 2008, 12:11 AM

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QUOTE(small-jeff @ May 9 2008, 09:29 PM)
haha...never mind...you're profitting through forex le...hahaha...
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huhuhu... money ler.. sweat.gif


btw, jus wanna share wit u guys... a good blog by malaysian who likes to challenge some of d best guy in d world... robert pretcher n tom demark.. sometimes i come here to get some 2 cents... enjoy wink.gif

edited: http://www.bhcinvestment.com/

This post has been edited by low yat 82: May 10 2008, 12:16 AM
low yat 82
post May 10 2008, 02:48 PM

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QUOTE(small-jeff @ May 10 2008, 12:46 AM)
hmm...must work harder...2 more days till the market opens again biggrin.gif 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 biggrin.gif
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not bad... lol.... u always do oppsite of me, when im good u bad, when im bad, u good tongue.gif


arrrggg... now reaadin EW... 1235, i ii iv jsdhfsjdlfhsdlfh 535 33333 335!!! so many things to rememb!!! issit really worth my time?????


Added on May 10, 2008, 2:49 pmedited:

@~JK~ , thanks anyway, will check later ^.^

This post has been edited by low yat 82: May 10 2008, 02:49 PM
low yat 82
post May 10 2008, 06:18 PM

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QUOTE(small-jeff @ May 10 2008, 05:49 PM)
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 biggrin.gif ...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.. biggrin.gif

edit: only know 12345-abc (5 waves)..haha..saw some using xyz (3 waves) as well...
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argg.... this EW really needs lots of time lar... now onli finish read 23 pages from 112... crap....
hmm... after this i will try to apply EW in ticker, belief will b good for scalpin ^.^

hmmm i also need more readins ab fibonacci n its timing... mayb after im good at EW 1st.. tongue.gif

i must say identify chart pattern in 1hr chart is good to forecast d next move.. but too bad... i did not able to master all chart patterns.. lol..
low yat 82
post May 10 2008, 07:22 PM

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QUOTE(kotarosan @ May 10 2008, 07:01 PM)
anyone here trading full-time?
im no newbie. 100 pips a day? too easy for me.

so let me know. im looking for a partner.
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do u ever had a big losses? losses dat r so large dat u feel d whole world is against u..
low yat 82
post May 10 2008, 07:40 PM

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QUOTE(kotarosan @ May 10 2008, 07:27 PM)
i dont know what u mean and i dont know how to answer it. let me ask u,

do u ever had a big losses? losses dat r so large dat u feel d whole world is against u..
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oo.. so i guess u never felt it b4... goodluck then

me? yar... 2 times d...
low yat 82
post May 10 2008, 09:47 PM

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QUOTE(kotarosan @ May 10 2008, 07:43 PM)
how much pips u get daily? how much percent of daily capital increase u earn daily?


Added on May 10, 2008, 7:47 pm

i already expect for that question.

its because i cant afford to look at chart every minutes. i hav to go out too. watching tv, eat, blabla

and i try to to keep at least one position opened since morning i wake up until at night before i go to sleep.

im a scalper. i dont like to waste pips that i know i can chase.
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daily? lol.. this month been like hell... jus regain bc my confident..

ooo... u noe how to write codes.. cool!!!


100pips per day r... hmm... wont b easy n wont b too hard..depends d chart formation on dat day lor..

yar.. u rite goin full time is better, can watch d chart patern unfold abit by abit.. but as u said... but as u said, lookin at d chart 1 whole day for 5 days a week can b vry.... sweat.gif sweat.gif

@normeck,
hahah... u performance same like mine also tongue.gif lets work for d best !! ganbate!!
wa... wat happen man.. d maximum drawdown so much 1..
low yat 82
post May 10 2008, 10:40 PM

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QUOTE(small-jeff @ May 10 2008, 10:17 PM)
sweat.gif  sweat.gif

then what can i post here?  sweat.gif

i was saying that to someone else as i always asked how was his trading  sweat.gif


Added on May 10, 2008, 10:18 pm

biggrin.gif

long time no see bro..good to have you back!  thumbup.gif

just my little thoughts bout GJ...it might reverse and head towards 203.33

edit: after moving up to 202.27, bounce back down to 201.06, then head up to 203.33...forming last 3 waves of EW...

just my 2 cents
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wa... dun scare laa... dat was my shortin price leh tongue.gif
low yat 82
post May 10 2008, 10:56 PM

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QUOTE(small-jeff @ May 10 2008, 10:45 PM)
ahhaha...always going opposite with you lar... tongue.gif

maybe you post your chart...discuss what you see...

btw..i'm not trading on GJ.. biggrin.gif
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Attached Image


i dunno wther got rebound or not... but d TP for triple tops still not hit yet.. n also d final few hours not enough to form any pattern, so therefore , i dunno wat to expect on monday... lol
low yat 82
post May 10 2008, 11:13 PM

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waa...... jus spot another bump n run!!! can short again ooo hopefully it will not close above d yellow line for 2 bars.. i use d trendline at d most to d left side... but this bump n run vry difficult to form though... coz it was tradin vry near to d yellow trendline..


Attached Image


Added on May 10, 2008, 11:15 pm
QUOTE(low yat 82 @ May 10 2008, 11:13 PM)
waa...... jus spot another bump n run!!! can short again ooo hopefully it will not close above d yellow line for 2 bars..  i use d trendline at d most to d left side... but this bump n run vry difficult to form though... coz it was tradin vry near to d yellow trendline..
Attached Image
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d minimum TP is d blue line..

This post has been edited by low yat 82: May 10 2008, 11:15 PM
low yat 82
post May 10 2008, 11:28 PM

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hmmm... y r d trendline change when i use other TF... hmm.gif hmm.gifAttached Image


Added on May 10, 2008, 11:34 pmanyway, better forget ab this 1... coz d volume does not satisfied d 'handle' of d bump n run.. T.T


Added on May 10, 2008, 11:52 pm
QUOTE
The correct method for tracking the stock market is to use semilogarithmic chart paper, since the market's history is sensibly related only on a percentage basis. The investor is concerned with percentage gain or loss, not the number of points traveled in a market average. For instance, ten points in the DJIA in 1980 meant nothing, a one percent move. In the early 1920s, ten points meant a ten percent move, quite a bit more important. For ease of charting, however, we suggest using semilog scale only for long term plots, where the difference is especially noticeable. Arithmetic scale is quite acceptable for tracking hourly waves since a 300 point rally with the DJIA at 5000 is not much different in percentage terms from a 300 point rally with the DJIA at 6000. Thus, channeling techniques work acceptably well on arithmetic scale with shorter term moves.



hmmm... is this same wit forex also???


This post has been edited by low yat 82: May 10 2008, 11:52 PM
low yat 82
post May 11 2008, 07:21 AM

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@small jeff, d key word is liquidity...

fot stock, there r groups or syndicate dat operate d counter.. some, they manipulate demand n supply to attract people to come n buy d share..


Added on May 11, 2008, 10:30 amarrggg.... d concept of EW is easy, 15chapther (44pages), but d dificult part is countin d wave T.T ... i better go get some breakfast...

This post has been edited by low yat 82: May 11 2008, 10:30 AM
low yat 82
post May 11 2008, 06:25 PM

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EW principle.. key word -> motive waves move in fives, correction waves move in threes
low yat 82
post May 11 2008, 09:18 PM

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QUOTE(small-jeff @ May 11 2008, 06:36 PM)
biggrin.gif
yeah... 1 2 3 4 5 - a b c
what's interesting most is, what'll happen after c... biggrin.gif
*
i guess look at higher degree for clue lor... tongue.gif


anyway, i think wats important is to ride d wave itself... wave 3..hhuhuhuh thumbup.gif thumbup.gif


hmm... IMHO, its like try to spot chart formations.. well, d diffirent is dat, EW will b more difficult since need to examine all d swings.. it will need lots n lots of practice in order to fully 'see it'
low yat 82
post May 12 2008, 05:05 PM

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QUOTE(small-jeff @ May 12 2008, 02:15 PM)
wow...sharp fall on EU..now low at 1.5365...lets see if it can reach to 1.5226...on GJ however, the up move seems to be relatively weak..lets see if the price could close higher than 201.44...sharp move on UJ as well...tonight will be interesting.. biggrin.gif
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wa... shud hav go in GJ instead of UJ!!! sweat.gif doh.gif
low yat 82
post May 12 2008, 05:14 PM

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@corez

welcome... ^.^ n enjoy ur stay... uhuhuh


Added on May 12, 2008, 5:18 pmhmm.... im still waitin d g- spot to open short positions... either GJ or UJ...

This post has been edited by low yat 82: May 12 2008, 05:18 PM
low yat 82
post May 13 2008, 09:50 AM

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QUOTE(small-jeff @ May 12 2008, 08:51 PM)
luckily you didnt go short on GJ ar...anyway, GJ closed slightly higher than 203.33...wait for the small correction, then maybe can go long

edit: uh-oh..GJ possible crumbling down to 201.07...or only reverse upon touching 200MA


Added on May 12, 2008, 8:51 pm@corez:

welcome to the club!


Added on May 12, 2008, 8:53 pm@lowyat...

your ramunia S/L at 1.40?? sad.gif
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ramunia cut loss d... lol.... rm460 fly away... tongue.gif

if u free, help me see see jaks... bought it last week.. still looks ok to me though... but too sad, my tactics cant predict which is best price.. i got it at 0.77 sweat.gif doh.gif



uhuhu.... i already shortin GJ late yesterday...
low yat 82
post May 13 2008, 06:35 PM

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QUOTE
I tested the WSS signals and so far its ok for me


yar... b4 this got people talk ab WSS also... they really profitable... ^.^

goodluck
low yat 82
post May 13 2008, 06:44 PM

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QUOTE(small-jeff @ May 13 2008, 02:45 PM)
ohh..GJ seems still got chance to go down..but TP should be at 201.02 (200.72 low)..however, it still seems it's going to continue with the bull run..

ooh..but then your ramunia still makes profit lar?
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where got profit.. told u d ma.. lose rm460 tongue.gif

QUOTE(wodenus @ May 13 2008, 04:42 PM)
Carigold is suffering from LYN effect right now I think... slow smile.gif
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wat effect? mind explain? hmm.gif

seems like it will gonna hav small bump n run.. let see wehther it can breakthrough d trendline wit heavy volume or not hmm.gif hmm.gif if cannot, it shud b time to go long i think
Attached Image


Added on May 13, 2008, 6:45 pm
QUOTE(wodenus @ May 13 2008, 06:37 PM)
Sounds like fun.. lets try it.
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huhuuh... been tried n tested... shud b good system.. name also nice wat.. if not mistaken is call winning solution system.. drool.gif drool.gif rclxms.gif



anyway, its not my take though... tongue.gif

This post has been edited by low yat 82: May 13 2008, 06:45 PM

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