U mean your EJ hold a position very long alredy is it???
I thinking to setup an acount over fxmalay, to train up my long term trading skill. Only use the account to trade daily TF and monthly TF. Stop Loss sure very big one. So thinking to give it a try wif micro pips..... Haha...

I love daily analysis more than shorter TF. Daily and MOnthly, only need to hunt around all pairs for breakout, retrace, empty space to fill in for a channel, follow a channel. I trade longer TF based on all these. Seldom use any indicators. Moz important thing is draw draw draw. I willl take up my efford to learn the EW from all the guru here before i start my long term trading...

EW sure very useful in Longer TF. Muz learn it faz faz.

@mph:
wah...trading on monthly/daily charts need big free margin..

@lowyat:
yalor...scalping need to be 99% precise. 1 lost = 10-20 profit gone for me...lol..

anyway, i was looking at EJ too...one of my fav pairs..
was hoping it'll head higher...

haha...yeah, it's the Gann thing, but slightly modified

If wanna target for 214, better wait till it makes to a new high first..

But if my counting is correct, it's already near to end of wave 4. Need to ask kevlar to confirm le..

edit:
anyone trading on commodities too? oil seems to be going down good for all!! hahaha

swing small ar..then scalp ...actually if scalping, you can try the method i'm using...the slightly modified Gann retracement...it works very nicely...

swing small ar..then scalp ...actually if scalping, you can try the method i'm using...the slightly modified Gann retracement...it works very nicely...

As i said, i currently trying to deal wif 3 trading method,

1) Is long term, all based on Daily TF, Weekly and Monthly TF.
Moz of the trade taken using the opportunity of trendline break, channel break, resistance and support, following channel or trend, empty space over a channel. Didn't use much indicators to trade for this. Is kind of hunting opportunity.

2) Short term, for cari makan
This method currently still in development. I trying to suit it into GU 15m only currently. Using a most simplify method, mean did not wait for much indicators to approve your entry. Juz simple use 2 indicators only. The aim is to take 20 to 30 pips or even 5 pips per trade, and is to sapu all trade oppportunities that available over GU. Currently a few of my live trade was done using this method. Quite efficient so far.

3) My old trading method
This method really susah cari makan. Cause i nid wait DMI CCI MOM all to agree in order to take entry. So i wil put that as my backup as soon as my 2nd method is done and ready to cari makan....

Method 2 is a development under me and my friend. Take alot of time do it. So, i asked him is it ok for me to post out. He agreed, so i will post it out.
So special thanks to you, my fren.
The main idea is the black line over the graph. That is the main engine of this trade methodologies.

NOTE: STILL UNDER DEVELOPMENT. MORE TEST AND MARKET ENVIRONMENT NEEDED TO TEST THIS TRADING METHODOLOGIES

i think i know what you're saying. However, i look from candlesticks. The below pic is one of the examples, pointed by the red arrow.

Usually this is how it happens, in either 1H or 4H.
In an up move, the higher shadow is at X.XX ...then the next bar closes lower, a down bar, but with a similar or same higher shadow at X.XX too. When this occurs, it's rather much an extream reversal sign for me. Seen this quite often... However, in the pic i attached, it's a bearish engulfing. Sometimes, the down bar might just close within the body of the previous up bar (lazy to find le ), but with the same or almost similar high, shown to be extreamly reversal as well..

added:

It has to be the top/bottom of the moving trend...meaning, if its a up trend, the same high for both of the candlesticks must be at top. Similarly for down trend, the low for both bars must be at bottom.

added another 2 examples.

For the pic with 2 arrows, the arrow on the left can actually be treated reversal due to the shooting star formation. The second arrow on the right, that's much more what i'm trying to say...dunno whether there's a term to this...lol..

forgot to add, it shouldnt be inside a consolidation zone...and the difference between both high/low should be within 2-3 pips

valid or not???

GJ broken the trendline i drew juz now. Pivot line would be the point for it right now. If break thru, then TP at support 2. support 1 not very valuable for me. THis is a short trade, juz take some pips over here, DMI CCI and MOM is agree for short now.

1) I will take GJ long if it unable to break pivot.
2) Or valid from support 2. We shall see first. Situation wil be changing in time to time

Note: Trade at your own risk, what you see is what you get (Take your trade from what your chart is showing you). This is not a valid signal provider. Juz an opinion from me.

@lowyat and small jeff
Youboth more experienced over here. I juz wish to ask, UJ and EJ, which one more volatile? If iwan topick one of this two. Which should i go? I wish to trade it in 15m TF. Not under long term trades. Which one makes easier for you?

For my own opinion:
UJ nice to scalp. Cause so far, i see the candle like one red one blue. Movement wont be as big as EJ.
EJ volatility quite ok. WOnt too high for me. But currently the price at very high level making me worry.

SO, i need advice from you. Cause i gonna suit my short term trading for either of the pair. I going the test a new setting specific for one of these two pair. Plz advice me, which pair to choose.

morning!!!....thankz..to GJ....pagi pagi sudah tutup 65 pip...

now waiting for another signal....

trust your chart and read it wisely....

UJ and EJ...lets see whether this bearish flag could fail or not..lets see what happens by 4pm

@mph:

god like... u spot on at 168.0

Loywat82, send me your email address can? I send you one file. I not sure about you, but i found it effective for me. The pdf file around 5page long. Every day before i start trading / emotion loss control. I will rest myself and read thru it slowly. Juz take me around 10 minutes to read.

Here my account for this week. Climbing very slow.. Slow and steady...... Banyak susah mau panjat...

Latest week analysis :
UJ
http://www.forexfactory.com/showpost.php?p...&postcount=9416

GU
http://www.forexfactory.com/showpost.php?p...postcount=73100

GJ
http://www.forexfactory.com/showpost.php?p...postcount=97637

go for anger management counselling...

will let you know how will i be angry while trading and getting emotional too, next month

Heck, even i'm on demo, i also get pissed sometimes for being stupid..haha

i think i got the file from him too

remedy for controlling emotion = cigarette + coffee

hahaha..better dont tell girls about trading. to most of them, trading = gambling = not good = lose money

Wao. I will email you the file later. Now line still in lagging. Even come LYN also nid refresh 1000 times.

You so popular among girls. So nice lor you. I don't have girl fren also. Birthday also go thru alone. Cant go back celebrate wif my family also.

I think lowyat can open up a new thread over cupid corner to ask whether he nid change girl girl??? LOL

Actually girl is like tat one la.. No choice, we are guys, anything happen also muz stand in front of girl and die first. Our responsibility to protect them. She will understand you slowly one. Mayb she concern about you, but dunno how to spell it out. So she bring you go out jalan jalan to relaks gua....