200 pips on GJ or what? coz i dun touch the GJ pair anymore due to being burnt ><

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Added on September 23, 2008, 1:03 pmlooks like kevler's chart on GJ retracement up till 198 is right on the money..

This post has been edited by kelvin_tan: Sep 23 2008, 01:03 PM

Closed all long positions for Euro. Bail out talks might be delayed as Democrats are desperate to help homeowners.

hmm, i realize that oanda dun provide transfer to RM,
so how do we retrieve the funds if we want to?
wat bank is recommended?

open a foreign currency account.. i asked maybank n they say any incoming funds will be automatically be changed into RM

retracement would happen


Chart = GJ 1hour

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Added on September 23, 2008, 3:48 pmchart = UJ 4hrs

i saw Down trend

Only 2 consecutive trends are down,
starting with the Minor wave degree, interesting for active traders, and most conservative targets are already reached. Minimally 2 consecutive trends down are required to go Short.
The more wave degrees get in line and turn down the higher the probabilities.



This post has been edited by kevler: Sep 23 2008, 03:48 PM

Nice job. the USD superbull is obviously a manipulation due to low liquidity. Right now the price action with the bad euro data, it seems dont really hurt the euro drop, this is something we see like the olden days euro.

I still think there is a potential we gonna hit 1.5 soon.

maybe this analysis will help us all to swim EU market

Chart = EU 1hour
Current trend = Uptrend

Only 2 consecutive trends are up,
starting with the Minuette wave degree, interesting for very active daytraders, and most conservative targets are already reached. Minimally 2 consecutive trends up are required to go long.
The more wave degrees get in line and turn up the higher the probabilities.

i dun really understand by "The more wave degrees get in line and turn up the higher the probabilities." .. care to explain?

it means , if more wave count reveal in the chart , more chances we able to see in the next market move

try to learn basic wave first ..then u will know how to surf the market

heh i'm still a newbie anyway care to share with me a website about this wave thingy ? i only know elliot wave and i dont think its relevant to what u are explaining ><

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Added on September 23, 2008, 5:03 pmbeen holding my long on EJ for longer then i would have liked.. its staying at +15 pips to -15 pips area... and EU seems to be going down .. i longed it ..

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Added on September 23, 2008, 5:50 pmclosed EJ with a 0.1 pip gain.. too risky to hold..

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Added on September 23, 2008, 6:40 pmClosed EU with +77 pips

This post has been edited by kelvin_tan: Sep 23 2008, 06:40 PM

Looks like it's still deciding where to go next...

the market today.. somehow no clear sign of where it is going for most currencies..

right now . GJ is sideway ...from what i see on the chart ..it will retrace , expecting more 100 pips

p/s trade what u see on the chart , not what u think .. it will reflect your judgment . Write it down

heh kevlar.. hows ur account now? managed to pull another 3000% ? u'll be filthy rich if ur 1k manage to do that ^^

still ok , but not active like i did before ...sometimes i need to have a break from work ..so that i'm able to focus on charting and wave count

hai all.. long time not post any SS...

I wouldn't place any big trades this week; in fact it be safer to stay on the sidelines since there's an impasse @ capitol hill.

Just wonder anyone here come across Forex website called "Avafx"? My friend recommend this to me and I doubt its reliability and don know whether it's trustable or not.

yes i've heard of avafx during my search for a good broker.. but i'm not sure about its reliability.. u want reliability 1st thing to do is check if they are registered with cftc and nfa.. next is check their net capital requirement.. reliable ones should exceed a minimum of 15million

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Added on September 24, 2008, 11:12 amshort both EU and EJ on speculation it will weaken.. bought extremely small units to test market

This post has been edited by kelvin_tan: Sep 24 2008, 11:12 AM

Hello there,

My trade today,

EUR/JPY
Sell: 154.45
T/P: 152.55

Currently still 155.xxx

The trend is down trend, hope can profit. Normally you guys hold how long for intraday? A few hours?