EJ H1

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Added on October 30, 2008, 5:29 pmEURCAD anyone looking at it? Now I cant find any point of TP in EURCAD for short. Anyone would like to comment abit?

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Added on October 30, 2008, 5:33 pmEU closed at TP.

This post has been edited by mphpopular: Oct 30 2008, 05:33 PM


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For so many pattern. I guess DOuble TOp is the most easy spotted one and most easy to trade with. I prefer to trade Double TOP.

Flag breakout always have too many of false breakout.

Head and shoulder require many experience to spotted it.

I always notice you like to have a very big negative value, then close with small positive value.

Careful bro, once you r wrong in one time, you might be gao dim ur account.

Juz an advice. Bcoz always you can take a big loss, but you didn't try to have a big win.

Besides, this few day I wont post any charts, bcoz the market I really duno how to analyse at all, I cant get where the market is heading.

I will juz scalp abit and abit. I scalp using SL of 10, and only scalp EU. Lose small but also win small, TP 10 only.

This few day I wont trade much on pairs. I only trade EU this few day.

Bcoz I currently really cant see any point in my charts. All the TA is not valid for me now. No TL is seems to be correct, no chart pattern and so on. So I only trade EU as a scalper.

SImple rules for me, using SL 10, when pips goes to +15 then I change SL to +1. ThenI let it goes. In one day, I have more than 20 trade where closed with +1. But if I'm lucky like today, I closed with some trades with +50pips. Juz now EU move downward which give me a +51pips. Quite happy with it....

Trading with free of indicators now, I dont think it is really suitable. TOo risky.

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Added on October 30, 2008, 10:25 pmBesides, if the market condition still carry on this way. I might give up EJ and GJ awhile, and only concentrate on EU GU. No point for me to trade such volatile pair when I see no profit for me in my own system.

This post has been edited by mphpopular: Oct 30 2008, 10:25 PM

Today enough jor. I scalp two trade, and two macam get hit on jackpot. One more EU closed on +70pips. Enough. Currently I facing some problem, later i post out my problem here, wish some one could help me if posible. Really headache for this.

EDIT:
1) Currently as we know, mt4 always got requote. I hate using "rightclick on chart--> place new orders". That is kinda long process if you're on busy path.

So I guess someone from here knew I have the script whereby I can enter a long or short with a predefined SL and TP. For those who have test it out, for sure you will found one problem, the script will place order succesfully if the price stand still, but when market price fluactuating too much, the script will get requote as well, and you dunno whether it has place the trades or not.

SO I looking for any script that I could place my order succesfully without any problem.

2) Besides I looking for an EA wherby it can automaticaly adjust my SL to +1 once my pips into +15. I hate to adjust tis all manually. VeRY WASTE TIME

This post has been edited by mphpopular: Oct 30 2008, 11:59 PM

andrekua. How many lots you trade? Mentioning the 20k not really a good stuff over here. Plz do consider if some of trader are losing money now, and you reporting you are earning 20k. Although it is a demo money, but didn't sounds good.

Mentioning the pips is more than enough. 20k of winning in one trade, how many capital we need to have to do that?

Sorry for any harm made, coz it really doesn't make fun when a live trader is losing 20k while you're telling him you're earning 20k.

Peace, no harm here. Juz an reminder that forum is a place for us to share ideas and opinion.

If discusing of trading forex as a career, should be determine from the case of capital and lot size first. Then only determine the pips amount.

If you're having a capital of USD50,000 and trading 1 pip = USD 10. One month 100 pips is already more than enough.

SO it is hard to be determined. Some traders are using pips to cover their shortage of capital.

But some traders who have high amount of capital, and using it cover the pips value.

How come on my charts, I see nothing? Nvr mind la, juz scalp here scalp there la. Really getting headache with this trend.

I stop already. I juz finding some tools and EA or scripts to make me trades more easily.

I guess IBFX using TT as fund transfer right? Most of the broker use that way. TT is an international way for trasfering our fund.

Oanda might a choice for you?

GU weekly . Now need oone more candle for confirmation so that I could short again

@dreams, nice to have your charts here.

This post has been edited by mphpopular: Oct 31 2008, 08:09 AM


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Current view on EJ


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GU m15 H&S or maybe double bottom if you notice the laz 20 candle only


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CUrrent view on EJ GJ


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SR level. GREEN LINE.

EVen the BLUE line TL is broken. But I will wait for a broken of the SR level to short. Or unable to break, then I long.


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EU H1

Daily TF. Major trend is down. But now is retracement time. Means will get bull in smaller TF in H1 and below.

Juz a posibility.


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EJ m15


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If really wanna hold it for LONGER period. Juz let it goes with -ve pips. Is ok for it.

I shorted EURCAD laz week. and holding -300pips (max). And now I holding +600pips. If for LONG TERM trades, should've some SL which is appropriate.

I still learning how to trade big TF.

Each of my post bring hundred of pips coming in. But maybe will make you lose thousand of pips as well.

I juz providing some clue and idea which you may miss out.

Dont take it as a trading signal.

I waiting the formation in both EJ and GJ

I currently try to increase my trade based on breakout. But not bottom fishing and top picking.

I believe breakout having higher winning rate for my own, so as the candlestick formation.

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Added on November 3, 2008, 10:53 pmJuz enter one EU short at 1.2775. SL 40pips

My EURCAD trades will be exited portion of it at 1.5170. Holding 860pips now.

My AUDCAD doesn't seems to be nice. HOlding +40pips.



This post has been edited by mphpopular: Nov 3 2008, 10:53 PM


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