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- Chang replied Jul 11, 2008
Still too early to tell. Be honest with you, didn't trade Cable on this upmove since made plenty of pips on the way down from Sunday to Tuesday. But looking at the charts, I still bias towards upmove. But I think a congestion or retracement will ...
Malaysia
- Chang replied Jul 7, 2008
Still a long way down from the way I see it. 1.9650 easily within reach. I got a feeling you're going to need a big SL. I was really lucky this morning. Shorted Cable at 1.9821 and shorted EURUSD 1.5676. Both positions closed now for ...
Malaysia
- Chang replied Jul 6, 2008
A new week — Hi everyone, Hope everyone made plenty of pips last week. I, myself decided not to trade the first week. Now with NFP out of the way, time to start making pips again.
Malaysia
- Chang replied Jul 4, 2008
And ... nation = nasi !
MalaysiaThis is exactly what my BM teacher said about danger of direct translation...
- Chang replied Jun 24, 2008
The price action right now mainly at the first zone that I mentioned earlier today. So, anything could happen. Your short could well come true. But I tend to avoid congestion areas like this. Let them sort it out and wait for breakout instead.
Malaysia
- Chang replied Jun 24, 2008
Given up hope for today. Closed the last trade for BE. Will go do something else instead.
Malaysia
- Chang replied Jun 24, 2008
Not happy with current situation. Seems directionless. Just back and forth. Decided to close that trade with a manual loss of -15 pips. Going to wait at sideline.
Malaysia
- Chang replied Jun 24, 2008
Closed that first trade for + 30 pips Entered long again just after news at 1.9667. Waiting for same thing to happen again.
Malaysia
- Chang replied Jun 24, 2008
From what I could see from my chart. 2 possible turning points. 1) 1.9698 - 1.9714 2) 1.9726 - 1.9742 The price went into this zone 1 and now trying to go into it. If it doesn't do that pretty soon, might just reverse. I think there's news ...
Malaysia
- Chang replied Jun 24, 2008
Actually 1.9653 is a fantastic level to enter (has nothing to do with the price but the timing was very good). 10 pips SL would be more than sufficient during that time to find out whether you're right or wrong. What reversal signs do you usually ...
Malaysia
- Chang replied Jun 24, 2008
At what level did you long ?? What's your SL and target ? I'm trying to find out how different our strategy is. Although we both chosen the same direction, our approach and reasoning could be very different.
Malaysia
- Chang replied Jun 24, 2008
I went long at 19669 with SL 30 pips and target 19713. Reasoning is that cable broke up from congestion zone and then retracement back to retest support. Support held and visible clear upward movement from there onwards.
Malaysia
- Chang replied Jun 24, 2008
Counter party.. nice words. So, did you went long or just thinking of going long ???
Malaysia
- Chang replied Jun 23, 2008
Hi Bruce, I have no doubt that you're genuine given the effort you have put into the forum. And this is without looking at your result.
Knowledge is PowerAnd I don't think people here are doubting that either. The only concern that they have is your trading ...
- Chang replied Jun 23, 2008
Not been following this thread but from what you're saying, are you still only trading on the demo account or you just doing it to show others ? There's a big difference there.
Knowledge is Power
- Chang replied Jun 23, 2008
Looks like the price is stabilising between 1.9600 and 1.9623 and another hour before London break for the day. Doubt it will go anywhere now. Looking forward to tomorrow.
Malaysia
- Chang replied Jun 23, 2008
Closed my short at BE price. Enough for me for today. Not convinced of another shorting opportunity available. All the best to those still trading.
Malaysia
- Chang replied Jun 23, 2008
I shorted at 1.9600. Initial target when opening was 1.9576 or 1.9586 depending on the momentum. Will see what happens in the next 10-20 mins before deciding.
Malaysia