You can always see me trading for 4 pair only.
GJ EJ GU EU, this is where my major income and where my major loss are.

Sometimes, you will caught me trading side pairs, bcoz when I'm free, I will pick some pair to do some analysis, but in LONGER TF, coz I've no such time to do analysis on 1H 30M 15M chart for every pair, I willl mati one. Hehe

For Fibo, it is almoz did the same for EW. Every ppl will get different count. Mostly for me, I plot from swing high to swing low in both weekly and daily chart. Try to find anyone of them is coherent one, then that one is more boleh pakai. Besides, Fibo cannot stand alone, try check your chart,whether got any horizontal SR zone to empower your point.

But make sure dont make until your whole chart get mess up. Usually after I plot, I will note down all the posible S/R and other key point. Then I delete off all the arrows and Fibo. Like that, you will easily to spot any price formation in your chart.

I guess that's all gua.....

No la. Basically Horizontal S/R lines, is very easy to spot. Juz need to train your eyes only.

I'm not sure about others, for me, if a price have been act as support and also as resistance for a several few time, I will mark it down. Juz that simple.

EDIT : Something to explain further.

Note the SITUATION 1 line there. And check the price yourself and with the entry I taken in GU in this morning.

I taken one GU long term short in this morning at 1.7705. In this morning I was finding a good entry point for my GU long term... So I shorted there. Juz simple, Suport resistance point.

This post has been edited by mphpopular: Oct 6 2008, 04:18 PM


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GJ bear Floag broken. On hold short wif +13pips now.... Waiting and Waiting.

and EJ i also not sure how LONG will the bear going. GJ wow, pain, -55pips floating now. SL at -111pips. Dont hit, if not I will go take nap and dont want trade by tonight jor.

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Added on October 6, 2008, 4:33 pmhttp://chart-patterns.netfirms.com/bearflag.htm
Info all is here. Read it up. Benefits is yours.

This post has been edited by mphpopular: Oct 6 2008, 04:33 PM

I gonna spell out a word call "F**k"

Juz now my PC get caught in virus, so I reformat it, which leave me no choice and I close of my GJ short position due to bear FLAG. And my position was closed with -ve pips. Now the GJ drops so much. GOnna kill some one...

@bulkbiz
Did you catch the trade, I wish you've. At least there is some one who profit from the bear flag.

This post has been edited by mphpopular: Oct 6 2008, 10:38 PM


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That y I heart pain. Morning manage catch alot of pips, but juz now that one should able to catch as well. A very nice triple top formed, and broke out. OMG. How come I have such a virus laptop.

Luckily now my GU on hold wif +340pips and EU on hold wif +320pips. Today is all of nice pips, juz follows chart tightly, wish everyday did the same.

I love both EU and you. Lots of pips. Juz really an easy method of gaining pips today. All macam masuk tak habis habis... Tomorrow must go for tokong and tell god, I feel thankful.

EDIT:
Maybe I should plan to go Eur to have vacation since future might have EUR:USD = 1:1.3

This post has been edited by mphpopular: Oct 6 2008, 11:06 PM

Today is the historical moment / day.

More than 1k pips actually / should be approaching 2k pips if add with the one floating, havent really go counted it, I still installing my laptop with all the software. Keep on fail to install antivirus, I guess now antivirus should be the most important part in my PC.



This post has been edited by mphpopular: Oct 6 2008, 11:20 PM

What happen normeck? GJ sapu you again?

Mean you need more and more free margin when the position goes -ve more???
Bro, times to evaluate again what goes wrong.

You did very good in most of trades, But always, juz 1 or 2 bad trades whereby swipes your account away. Sorry if I go too straight bro. Try figure out about your GJ long position since the beginning.

Once you really can get over the hedging stuff, you're going to be win and win again. For sure, you can hedging, but not for all trades.

Next time, try set SL, although a far one. At least safe better than none. I setting a SL of 400pips, Juz set it for my secure only. At least I know there is something to stop me from lose all money

By the trend of this monthly, actually it is really achievable, cause you will either die the whole of your account, or double up your account, it is a 50/50 game

GU 15m waiting now...


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I not really very sure about EJ. You can see from chart, for sure, not a FLAG yet, the flag formation not yet out. But there is a descendting triangle pttern, see red line.

This post has been edited by mphpopular: Oct 7 2008, 09:53 AM


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GU 15m compare to GJ weekly


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We really can see EU for 1:1.2???

http://www.candlesticker.com/Cs74.asp

http://www.candlesticker.com/Cs89.asp

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Added on October 7, 2008, 10:23 amMe not, I waiting the pullback of UJ, then I short again.

Coz if lose, you lose faster than ever.

This post has been edited by mphpopular: Oct 7 2008, 10:23 AM


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UJ H&S formation sudah pecah, now I wait for pullback first.


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Mean retracement, in such case, you can either direct entering market by shorting it.

But it is a daily chart, so the pullback or the retracement will cost you few hundred pips, for sure, we dont wish a -ve floating there, so we wait and see how, if tak ada pullback, then i just forget this trade la.

EDit:
Usually in H&S formation, after breakout of neckline, they will retest the neckline again only going down again, I wanna wait the lower high in the daily TF, and pick that point, and using around 50SL to hunt for 300pips, but if the trend didn't hit neckline and goes down, then I miss out the opportunity lor. Juz tat simple.

This post has been edited by mphpopular: Oct 7 2008, 10:44 AM

Kevler, do you think GJ stilll got room to down? I cant see where to go down some more.

As we view the monthly chart for GJ, we will get 3 black soldier candlestick there. As we know the definition, it is a sign of bearish. But after a 3 black soldier, such a huge drop already, will it be a retracement first, then only drop again? Or the trend will juz continue to down without retrace?

Ya, I know, Juz closed my UJ with -50pips. Shorted at 102.71. Guess the H&S not exist? I still waiting to reenter UJ once there is really a further confirmation.