Juz shorted GJ again. Hunt for 184.59. Retrace at fibo61.8

This post has been edited by mphpopular: Sep 16 2008, 09:00 PM


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Today market not really nice to trade, especially the ASEAN session. Even for now, EU and GU still up 10minute down 10minute. Tak tahan.

GJ short at 184.99 (Closed half 184.59, Closed half at 184.98), 184.66

This post has been edited by mphpopular: Sep 16 2008, 09:48 PM

Ya, I understand you normeck, juz do your another trade and let the hedging be.

My GJ LONG closed at 3 pips. Too faz jor.

Still ok for me. Manage grab another 43pips from GJ. I start to gain back my confidence on GJ, juz still figuring how to set SL, that is my major problem to deal with GJ. One loss manage to take away my 4 win trade profit.

How long will the trendline on HOLD.

Not going to trade jor. Is time to take my afternoon nap and wait for UK open


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ANyone can let me know, is it US session juz open by 7 in malaysia time??? or it should be 9pm in malaysia?

As i knew, NEW york open at 8am EST whereby is 9pm in malaysia.

SO let me know which one is correct.

This post has been edited by mphpopular: Sep 17 2008, 07:19 PM

I just have a quick trade from EJ and closed with +20pips. The DT is too wild and where will the retracement, wondering???

The EJ retracement kuat oh... Luckily I run fast fast.

Expect retrace to 147.70

EDIT: Is 149.70 LOL

This post has been edited by mphpopular: Sep 17 2008, 10:06 PM

Using Fibonanci, actually it does not always right, juz a matter of try and error. If it passes thru the point, I will take that there is no more retracement for me.

Juz to confirm with you guys, I cant find the info I wan in google-ing. So I gonna raise my hand over here.

FIbo important level include of

0.0 , 23.6 , 38.2, 50.0 , 61.8, 78.6 ,100.0, 123.6, 161.8

23.6 not so powerful

61.8 and 78.6 more powerful

PLz check is it all the level is correct cause I'm quite not sure with the 23.6 and 76.8 and 123.6 or 127.2 ???

Answer is 127.2, others is correct.

Edit:
I start to hate the requote from our live account. Demo nvr happen such a word called, requote. But in real trade, the requote, keep on pops out, or "would you like to buy at new price". I HATE IT.

I should give non-mt4 broker a try, to examine how is their execution speed.

How's the execution speed for oanda, fxcm and others? Any good trading platform to let me try? I wanna have a zero requote problem.

This post has been edited by mphpopular: Sep 17 2008, 11:39 PM

Haha, yours should be like this : Look at right bottom, "disconnected"

I'm done for today, start act as gamble jor. I gonna shut down my trading platform. All the trades were closed out too early, and that is without reason. Manage to get 5pips from EU and lose 2pips to EJ. Should hold hold hold EJ short for longer period, guess I dont have confident to hold since It was juz a gamble trade.

EDit:
Might giv Oanda a try. But still will using mt4 as analysis tool, only use oanda to take trades, will try have some time to check their demo first by next week.

This post has been edited by mphpopular: Sep 17 2008, 11:14 PM

IF EU manage to closed below 1.4757, guess is a good point to short again. But I gonna sleep now. So nitez.

Edit: Is 1.4157

This post has been edited by mphpopular: Sep 17 2008, 11:19 PM

@kelvin
I meant EU. Now I waiting is it the candle is closed below it in 15m chart. If yes, gonna short it.

@jebonen
US market start at 9pm in malaysia. Thanks for your info. I also not sure with the 9pm but my frenz in singapore told me about that. Wish he is right.

I edit my post jor. Is 1.4157. GOing to short it within 1 min.

TP around 1.4108

This post has been edited by mphpopular: Sep 17 2008, 11:29 PM

Feel glad my chart was useful. But change the Fibo to 127.2. It was my mistake on earlier on whereby put in the wrong Fibo number.

Goodnight bro. Is time to sleep jor.

Guess the market juz go the opposite way, insanely.

Jump up by my PC alarm, wao, the trend is so insane. Luckily my EU short have closed at TP.

Wish there is others who see it. Gbp pair having the most big impact whereby goes up madly.

Edit::
Guess the EJ does rebound at FIBO 127.2 perfectly.

This post has been edited by mphpopular: Sep 18 2008, 02:21 AM

EJ.

Another case of bump and run, but is inverted bump and run.

Try only focus on the 3 trendline.

1st minor trendline broken. Now goes for 2nd one.


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How only considered proven?

What did I encounter is, every methodology does a very good job in entry, the problem is came to the exit part.

Exiting the trades at the right time is the most important I guess. You'll encounter back the very same question when you goes to another methodology.

I holding 3 methodology currently, but for the all 3, I face the same question, where to exit trades. Even when I tried to change to other methodology, finally I goes back to my original 3 bcoz I faced back the same question. I guess is better for me to stick back to my methodology and keep modify it until it bcome the best for me rather than go to new methodology and start over again.

But makes your methodology simpler, your life will be easier as well. And try use bare eye to see the chart which is clean and clear from any indicator to exit trades, juz use the price action, I found out it is very useful and of course does makes you lose alot before you are good in it.

NOTE:
Personal experience only, not applicable for all, juz for sharing purposes.

EDIT:
Normeck,
Today morning I saw GJ 4H top resistance line going to broken, does it breakout? Wish it does, dont like to have GJ get stuck in this range. Want short or want long also worry.

---

Added on September 19, 2008, 10:21 amYa, if you did see about the harmony pattern, you need to understand the FIBO sequences to make trades.

Good advantages in harmony pattern compared to indicators trading is, indicators is lag of time. Using harmony patttern, you might able to have a 1:3 risk reward ratio bcoz your SL was set above the harmony pattern, if it touch your SL meant the harmony pattern was a fake on or something wrong or got red news.

ENtry mostly you need to plot chart properly with all the FIBO count, and enter at the end of the pattern or breakout (Abit similiar to EW trading for me).


This post has been edited by mphpopular: Sep 19 2008, 10:21 AM

I guess the GJ is today morning 3am that spike out?

NOrmeck, plz post how your fibo is drawn. I cant see how to fibo is drawn bcoz I only manage to see very little portion of your chart.

Normally, When a trend is down. then we saw the trend has signal the reversal. Then we draw the FIBO from the top of the DT to the bottom of the DT. then we'll see how much the price will retrace to, before it continue its DT again.