@mnet
well not necessarily lowest time frame but yes usually use 1 sec - 15 minutes time frame for scalping..

This post has been edited by kelvin_tan: Nov 11 2008, 06:53 PM

GJ breakout from down trend.
Most of indicators pointing long signal. Add long position.

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Added on November 11, 2008, 9:24 pmfake breakout. closed position with -50pips.

This post has been edited by dreams_achiever: Nov 11 2008, 09:24 PM


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GU keep falling. . . . got any retracement anot?

Symmetrical Triangle (green TL)



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wow...oil made new low...careful on the market guys...

Are you suggesting not to trade?

can trade...but on a longer TF. It'll be rather volatile on shorter TF. If there's any BO, wait for it to close in that particular TF, it might just test the price level.

add: little view on GJ


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@small-jeff
Thanks for your reminder. My previous GJ BO is temporal only. If draw fibo perfectly, it just barely touch 61.8% before plunged down.
Next time, must use fibo analysis first before entering position.

(ps: tot want to use chart prices as main indicator just like @mphpopular. Seem need to practise longer)

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Added on November 11, 2008, 11:11 pmSeem tonight no profit trade.
Better sleep early and continue trade for tomorrow nite.

This post has been edited by dreams_achiever: Nov 11 2008, 11:11 PM

hm? chart prices?

most pairs went down.

Went down went up nvr mind. Moz important, we got make money or not... LOL...

so what is ur opinion now?mph popular. y it keep down and did not show retracement.

G/Y looks moving sideways. Got 86 pips before that. It was a continuation of a previous trend imho, which move about 130 pips before retracing up for a fake reversal

btw.. i just start trading for 2 days after about 3 month of training..

I still holding one EU short. Will close partial at previous LOW. Not sure is it will have new LOW or not.


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GU testing 78.6 and previous LOW

GJ H4 channel still holding.


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good morning. so early man.

Looks like another fake breakout for GJ at 7.30am this morning. Its moving up now and hopefully will continues to go up. The fake breakout might probably be the market trying to flush all the bears out before the bulls comes in as Japan enter market.

Waiting for first retracement to flush the remain bears, then will probably enter long once that happen.

*fingers cross*

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Added on November 12, 2008, 9:23 amUpdate:

Retracement somewhere at 8.45am as hoped. Strength of trend looks quite strong. Now waiting for confirmation of trend with a crossover. Should happen within 1-2 hours.

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Added on November 12, 2008, 10:17 amUpdate 2:

Enter trade for G/J on a long.

Stop trade to breakeven.

This post has been edited by WhitE LighteR: Nov 12 2008, 02:17 PM

EU will test 1.23. It seems more and more likely that dow will close below 8500.

Erm sorry noob here. I want to change quite an amount of RM to AUD. Some of my friends ask me to use forex and not the money changer shop. Advise anyone?

I dont think that is what forex is suppose to do