You mean like this? Sorry ya, cause I not really good in english. So using image is much easier for me.... Hehe.

Edit : LOL LOL LOL Today juz like hitting jackpot. Gonna praise myself to be brave.... LOL

Edit : And forgot my manners jor bcoz too syok pipping. Thanks kevler. You clear my doubt jor.

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Added on October 6, 2008, 11:53 amLet sumarize today position. Really like hitting Jackpot. All position was open today morning except EU.

Closed position:
Short nzdjpy at 68.42 SL 69.32 TP 67.59 CLosed at 67.70 +72pips
Short eurjpy at 142.51 SL 143.77 TP 141.20 Closed at 141.48 +103pips
Short audcad at 0.8273 SL 0.8374 TP 0.8183 CLosed at 0.8185 +88pips
Short gbpusd at 1.7629 SL 1.7680 TP 1.7527 Closed at 1.7596 +33pips

Floating position (Short Term):
Short audjpy at 80.88 SL 82.03 +272pips
Short gbpjpy at 185.41 SL 187.61 +282pips
Short nzdjpy at 69.01 SL 0.00 +144pips

FLoating position (Long Term):
Short eurusd at 1.3805 SL 1.4012 TP 1.3337 +192pips (Open since laz friday)
Short gbpusd at 1.7705 SL 1.8150 TP 1.7070 +125pips

This post has been edited by mphpopular: Oct 6 2008, 11:53 AM


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good God !


more than 800 pips ...damned i envy u ..haha

yerp..the symmetrical triangle is right ..but from wave point of view ..i need to count the wave + identifying the pattern

this kind of pattern usually flat or zig-zag ..but we can measure and determine the apex

This post has been edited by kevler: Oct 6 2008, 12:11 PM

@mphpopular
oanda sux for our morning time trading.. the spreads is high.. about the trades.. u want active trades or all trades? both of it is accessible through the screenshot attached

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Added on October 6, 2008, 12:12 pmwow mph... nice profit there... >< but u open so many trades got time to monitor ?

This post has been edited by kelvin_tan: Oct 6 2008, 12:12 PM


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Honestly is really by luck today, I do all analysis during saturday sunday, almoz spend two day full to finish off all those pair analysis. Almoz die, then I plan to open position by today afternoon one, wanna wait for market to calm down first. But today morning really see alot of nice entry price, so I take the position. Didn't expect will gain so fast one.

You envy me, I envy you also ah. Today gonna rest jor. WOnt open any trades jor. Juz monitoring my trades is enough jor. Now problem arise is when to exit...

Ok, thanks, I saw from the screenshot jor. Oanda really sux, but today morning I place the trade, I didn't realise about the spread. I always thought GU is having 3 spread only. Who know, once I place trade, I saw negative floating of 10pips, frighten me out, luckily the trade is won.

Edit:
http://forum.lowyat.net/index.php?act=ST&f...0#entry20415447
Go have a look on the thread I open up, I having 5 mt4 running and 1 oanda running in my laptop now, I juz now really busy like hell, keep on click calculator to find TP SL, then finding where's the posible SR. Then kena see some more is it I should open the trade on GU (That y I ask kevler about the apex stuff).

My laptop fan now like almost pecah, keep on zzz zzz zzz. Work overload.

Until now havent take my breakfast yet... Gonna rest a while jor...

This post has been edited by mphpopular: Oct 6 2008, 12:22 PM

today usd/jpy going down like crazy....currently I have earn +300 pips ++ already

GJ why I keep the trade, was juz a really super good luck

@bulkbiz, congrats.

All position closed except GU and EU long term

audjpy gbpjpy nzdjpy = 911pips



This post has been edited by mphpopular: Oct 6 2008, 12:25 PM


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wow mph... busy counting money d lo

early bird catches the worm eh.. i woke up late T_T !!!

Congrats...911pips...may I know how you generate the chart? Sorry noob here

@bulkbiz
use a software called screenhunter 5.0

hey guys...what do you think of usd/jpy.....still can hold? From the 60 minuet EMA and regression line...I see this pair full of potential...I am new..please advise



This post has been edited by bulkbiz: Oct 6 2008, 01:16 PM

H & S formation in UJ daily chart. But only trades can be taken after the close below neckline. Now gonna ask our fundamentalist over here again.

Case(1)
For example, In EU and GU, we still expecting a further Downtrend. Which means USD is getting stronger and stronger.

But in UJ, you can see the trend is DT as well. Ok, For sure, it does mean that JPY is stronger and stronger, but in opposite way, does it mean that USD is going weaker???

So, the key point will get negation result by comparing EU and UJ pair.. USD stronger in EU but USD weaker in UJ? Sounds weird.

Case(2)
Assume USD in recovering mode, whereby USD is not improving nor going behind. But in the same time JPY is getting stronger, and EUR is getting slower, then it might make sense.

EU (DT) + UJ (DT) = EJ (DT)

I also abit blur with what I'm telling, need other comments here.


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i think for ur case we refer back to previous example given by either billy or small jeff.. its where the money is going to

BEar Flag on GJ.

i wish the bear flag could stand and tahan until US session then only breakout... Wish only la.


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EU...vomit blood...opened gap lower by 100+pips...European session opened, lets see it'll make an up move or not..

lol i also had a problem with EU .. and i closed it TOO EARLY T_T to cover position as i dun wanna have too much risk.. today total profit is like few pips only see if my EJ short comes around..

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Added on October 6, 2008, 3:38 pmanyway.. where is adam? haven't seen him in a while

This post has been edited by kelvin_tan: Oct 6 2008, 03:38 PM

@small-jeff
see post 812, can help explain a bit.

Personally from me, I mostly wont taking the UJ short position, not really suit my taste and really abit of scared of, althought there is a H&S, i will pretend that I didn't see it.

mph... do u trade all the major currencies or do u focus on a few only ?
and a few other things i wanna learn from u is about fibo..
lets say u plot fibo on the weekly chart.. does this fibo act as a support/resistance for the daily chart? what if fibo is plotted on both weekly and daily? the swing high and low may differ because the weekly chart has more time frame... so how do u decide which is the right one ?

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Added on October 6, 2008, 4:02 pmanother question to the elites here:

do u think scalping in this market conditions is extremely dangerous ? i'm not a long term trader as i do not have enough capital to last overnight. I'm facing a lot of false signals from my trading system (very simeple one though) as the markets are tumbling here n there.. would the sidelines be better for me in this market conditions?

This post has been edited by kelvin_tan: Oct 6 2008, 04:02 PM

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.....

hmm so u use only ONE out of the 2 fibo from weekly/daily chart and spot out horizontal SR zones. Correct me if i'm wrong as i've read an article posted by someone else in FF . Resistance/Support is only valid if there are 2 or more bullish candlesticks followed by 2 or more bearish candlesticks. Is that how u identify horizontal S/R lines ?

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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