@jebonen
Hi, juz back. Sorry, Guess I miss the chance to have a mamak with you. Coz my uncle juz pass away, so I need go back kampung.

@lowyat
Dont overtrades, this is the best key point. I wish you lucks, we all still making effort together.

@kevler
That was a really nice statement. Congrats.

@normeck
I'll posted up my GJ analysis in a minute later. So have a look, I not sure how're you going to settle the -ve pips. But wish you alot of lucks.

EU



This post has been edited by mphpopular: Sep 12 2008, 04:14 PM


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GJ
Where will it be heading now?


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For EJ and EU only:-

1) The EJ chart I posted is outdated already. But if you open up your chart and see, you'll see the price already reach the Fibo 161.8 there, another posible of resistance

2) EU facing the trendline resistance.

There's the reason I didn't want to take any short on Eur now coz both EU and EJ having resistance.

Wait for EU to break the trendline to form the bump and run formation, or bounce back by the trendline.


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Still holding my GJ LONG since 189.92.

+203 pips now. But forgot to tell u something.. That day Monday GJ loss 200+ pips (total of 2lots)

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Added on September 12, 2008, 11:13 pmAnd one more thing to add-on.

GJ have recover the volatility, nowaday the GJ is much easier to trade compared to 3 months ago.... Like the GJ movement now.

This post has been edited by mphpopular: Sep 12 2008, 11:13 PM

Means closed your floating???

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Added on September 12, 2008, 11:22 pmAnyone wish to explain abit why all the pair juz up like this. I've no idea at all.

This post has been edited by mphpopular: Sep 12 2008, 11:22 PM

@jebonen
Yeah, sure still have next time to yamcha together.

Still on hold with my GJ LONG since 189.92, leave it over the weekend to makan some swap... SL at 192.64

This post has been edited by mphpopular: Sep 13 2008, 05:43 AM

Yeah, I setting up a tight SL to see what happen in GJ. At least to secure up my profit. On GJ, if based on weekly chart, it is not a good entry to take for a LONG based on risk reward ratio, or based on technical.

Will post up chart during weekend to explain further. Now wanna kill all mosquito in my room. Keep biting me and make me cant sleep whole night. Tak tahan.

This is an DOJI or an HAMMER?

No matter what is it? Next week will be a interesting week for GU, if it form a formation like below, guess it is a good point to go again.


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Got your point. Will do some homework over the weekend to see the picture clearer.

http://www.candlesticker.com/Default.asp

I think this is the suitable site to give you more info on candlestick.

Monday morning 5 or 6am MYR. DIfferent broker got different open time

Actually normeck did answer the question a couple of times, normeck love the volatility of the GJ instead of EJ, it apply the same with me, the GJ can make a move of 200 pips in juz a half hour. It is more volatile, but for sure, you bear the bigger risk.

So trade at your own risk. And for my own, I prefer to trade GJ instead of EJ bcoz I found that GJ more easier to trade with. Hehe

Today is a good day. Morning wake up and take one EG long. And closed with profit +35pips when I home.

Normeck, my GJ long that i keep laz week. That time floating at +300pips. Monday morning closed with +32pips only coz the big gap and hit my SL..
OH SHIT

This post has been edited by mphpopular: Sep 15 2008, 05:00 PM

Waiting a good point to short GJ now. Wait and see which point the best.

I posted it out earlier. The GJ chart with EW and Fibo one.

Yes. I did care about it. I wont trade during news. Even is medium impact.

Trying to regain losses is kind of bad thing for me. Juz treat it as a "must expenses in forex"

Use that opportunity to learn. Only lose trade will let me learn and growth more.

Juz placed a long on GJ at 189.35. AIm for 40pips for this retracement.

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Added on September 15, 2008, 9:38 pmI usually wait for 30m / see the price action lor. The more time you spend on looking chart and doing the forex, you'll understand it better and better.

I hate a lag line, even streamyx nowaday not doing a good job. I try to buy GJ 188.99 and only manage to get it at 189.35. Line is too lag...

This post has been edited by mphpopular: Sep 15 2008, 09:38 PM