Ya, correct. I wan to have the price automatic to have with the FIBO level. Bcoz currently I need to draw the horizontal line myself to know the price. So wish could have it automatically there. More convenience....

u cannot make current built in fibo to show u price....another possibility is to ask people to program another indicator for u....but that indicator cannot pull one unlike the one already built in

Then nvr mind la. Juz waste some time to drew the horizontal line la, thanks ya.



This post has been edited by mphpopular: Oct 13 2008, 06:31 PM

to everyone here

What indicator allows u to determine point of entry ? aside pivot / stoch .. my entry timing is horrible.. always holding lots of -ve pips before turning positive.. and if teruk times i just get SL ..

I using candlestick (price action), channel, trendline and horizontal trendline. I like to enter at horizontal trendline, abit feel like short at top / bottom fishing. Of course, I wont enter a short when the market is extremely bull, must depends situation.

Entering around horizontal trendline allows me to set a tigher SL which around 40pips.

And I jzu lose 25pips in GU LONG. SADNESS covered up my face....

EDIT:
Gonna scold ppl for closing my GU long too faz... LOL

This post has been edited by mphpopular: Oct 13 2008, 06:31 PM

good sign for a short?

it is a sign.. good or bad depends as the market is craazy nowadays..

GU. Today dont want take any further step anymore unlesss I see a nice clear sky. Get no clue in this market. HEhe

EDIT:
All the gap on this morning is closed jor. So guess gap wont cause us any problem right now... Let's see where the pair goes. I no idea. Hehe

This post has been edited by mphpopular: Oct 13 2008, 06:42 PM


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EU is now bullish already? change trend d ?

no it not bullish, if you go longer time frame it still on a downtrend. market usually will come bacl to close the gap.

i'm going to stay out until US session.. 2 bad trades today... eliminated quite a lot of my profits..

CIMB Islamic offers Shariah-compliant forex option

KUALA LUMPUR: CIMB Islamic Bank Bhd recently launched its Islamic foreign exchange with Shariah-compliant option features or FXOP-i, which allowed customers to hedge their forex risk.

CIMB Islamic said on Monday FXOP-i enabled customer to lock in a forex rate in advance by engaging in a Shariah-compliant financial transaction with CIMB Islamic.

It added net proceeds from this transaction -- similar to the premium paid for option instruments in conventional finance -- granted customers the right, but not the obligation, to exercise the option at the agreed rate on the maturity date.

CIMB Islamic CEO Badlisyah Abdul Ghani said with this product, customers could protect the value of their future foreign currency proceeds and also fix their hedging cost at the equivalent of the option “premium”.

He said the customers could even earn a profit if the forex rates moved in their favour and with assurance that the transaction adhered to Islamic principles.

FXOP-i is based on several Islamic finance concepts, the tawarruq (trading between more than two parties) by way of commodity murabahah (sale at cost plus), Bai al-Inah (trading between two parties), Waad (promise) and Bai al sarf (contract of exchange, money for money).

CIMB Islamic said customers could choose to undertake the transaction using either the commodity murabah or Bai al-Inah concepts, thus making it an attractive solution to a wider range of customers.

URL: http://biz.thestar.com.my/news/story.asp?f...42&sec=business

GU


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FA analyst says that we already hit the bottom..

therefore .. i longed EU at 1.36513 with SL +5 pips now

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Added on October 13, 2008, 9:11 pmoil is rising as well..

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Added on October 13, 2008, 9:19 pmexpect high volatility on all USD pairs on wednesday n thursday.. check out the number of high and medium impact news involved..

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Added on October 13, 2008, 9:43 pmgrrr hit my SL +5 pips

This post has been edited by kelvin_tan: Oct 13 2008, 09:44 PM

do not listen to FA analyst

do your own analyst....

imho....i think this is just temporary up move...or retracement......it is still too early to call it bottom....let the market tell us when is bottom....

Didnt dare to even take one step closer to trades, Juz too afraid off, cause the market havent really show up is it bull or bear biased. I rather juz let off those pips, and see properly what happen. Spot nothing from chart.

EDIT:
To9 we see GBP rules the market. GBP pair shooting up non stop. But it might jzu a retracement days after all...

This post has been edited by mphpopular: Oct 13 2008, 10:37 PM

i am full time trader, what is the best laptop?

huhu

any type of laptop can do the job ..


even my Metatrader software run like a horse in my Mac

The market have went so far during I sleep. LOL, Nvr mind. Still got tonight to go. Dont wish to take any late entries.

EU retracing back on the daily fibo..

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Added on October 14, 2008, 12:44 pm@mph
is that a bulltrap forming on the EU daily ?

This post has been edited by kelvin_tan: Oct 14 2008, 12:44 PM