hefeiddd 发表于 2008-4-16 19:01

Sunday, August 19, 2007USDCAD hourly chart
Isnt it is better to go long or short at trendline rather than wait for breakout on the horizontal support/resistance line?

http://bp0.blogger.com/_7PCTuHqptHI/Rsh4PBiuDoI/AAAAAAAAADc/KJgsyYr445o/s400/usdcad-60min.gif

I am available for hire in Singapore in any TA related job, do Contact me!


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Friday, August 17, 2007Setup Setup - Range Setup!
I like to trade the range setup, the breakout, it can give you big profits!

Euro 15min:
http://bp1.blogger.com/_7PCTuHqptHI/RsWt_BiuDlI/AAAAAAAAADE/2LdZwlCHDcg/s400/eurusd-17-aug-15min.gif

GBP 15min:
http://bp3.blogger.com/_7PCTuHqptHI/RsWuLhiuDmI/AAAAAAAAADM/ucBnO2u2k8M/s400/gbpusd-17-aug-15min.gif


Posted by okl at 10:15 PM 6 comments
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Wednesday, August 15, 2007USD BULL RUN
A picture is worth than a thousand words.

http://bp0.blogger.com/_7PCTuHqptHI/RsMA0BOvgCI/AAAAAAAAAC0/TdXvGsJuxoI/s400/usdchf-bull.gif


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Saturday, August 11, 2007Path to Pips - Part 1
How to be a consistent winner in trading?
There is one thing everyone must know.

Understand Yourself.
How much stress you can take? You start to panic when price move against your direction? You start to take quick profit when you have 15-20pips? You take a trade when you see a price bar move up or down fast?

You need to understand your appetite, how much you can swallow, how much you can digest.

Demo trade for a period, and observe what mistakes you keep on repeating. Like in what situation/setup your trade turn out to be a losing one.

Remember that price has memory to find where its support and resistance level are. The same setup will always repeat itself again and again. Do not rush into a trade, often the winners are those who wait patiently for the fish to bite the hook.


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Friday, August 03, 2007Nonfarm Employment Change
Nonfarm Employment Change printed at 92k, very weak from expected 135k.

The same setup repeat itself again and again....

USD/CHF 30min:
http://bp1.blogger.com/_7PCTuHqptHI/RrM5WROvgBI/AAAAAAAAACM/MthWRRL3rEs/s400/usdchf-3-aug-30min.gif


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Saturday, July 28, 2007Chart Of the Month - July
Just a simple horizontal line and a trendline....

AUD/USD - Aussie tested 0.8860-70 several times but failed to break higher, finally it break the support trendline and the free fall begins...if you have drawn such lines many many times it is pretty easy to spot and trade such break out.



http://bp2.blogger.com/_7PCTuHqptHI/Rqr7WxOvgAI/AAAAAAAAACE/hI2iuLs5zQk/s400/audusd-28-july-30min.gif


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Tuesday, July 17, 2007Small short.
Ok, did I mention on last post that we should looking for short opportunity in the first day of the week as there was only 1 major data in the NY session.

Pound at high of 2.0400 again in the London session, which didn't take out as no major data from England side to push it above that level. So it can only happen on Tuesday as there are CPI & RPI data.

GBP/USD 30min: Time to go short at about 2.0385 level after USD Empire State Business Conditions Index printed at 26.5 was much better than the forecast 18.0
http://bp1.blogger.com/_7PCTuHqptHI/RpyCHD5f39I/AAAAAAAAAB0/dWJUNI3Owl8/s400/gbpusd-16-july-30min.gif

GBP/USD 30min: Take profit at about 2.0350-45
http://bp0.blogger.com/_7PCTuHqptHI/RpyGKz5f3-I/AAAAAAAAAB8/VRLKLnaC0v8/s400/gbpusd-17-july-30min.gif


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Saturday, July 14, 2007Correlation !?
What do you know about correlation between the swissy, pound and euro ? Here is my take.....

On friday the 13th July the start of London session pound was at a low of 2.0260 when it break from 2.0300-2.0280 range. And notice that euro was still staying in the 1.3700 range and swissy was in the 1.2000 range. Neither both break above or below their double zeros range. Only pound was down below 2.0300 when it topped 2.0360 twice.

So I thought there was a buy opportunity at 1.2080 and yes it went up to test 2.0360 again in the NY session , again it didnt manage to break higher. What is going to happen in the next trading week, monday? We going to look for short opportunity!

http://bp0.blogger.com/_7PCTuHqptHI/Rpixiz5f38I/AAAAAAAAABs/GgHlXmf5ERQ/s400/gbpusd-13-july-30min.gif


Oh yes, I will post more in the coming weeks and refurnish this blog ! As I going to be out of my current family job soon....Got any FX related job position for me in Singapore?


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Tuesday, July 10, 2007Action First Reaction Second
Swissy broke up the blue line in asian session. On london session we saw short opportunity as price stall.

60min:
http://bp2.blogger.com/_7PCTuHqptHI/RpNa2SzsVoI/AAAAAAAAABk/KAH5aYGFM3w/s400/usdchf-10-july-60min.gif

30min:
http://bp0.blogger.com/_7PCTuHqptHI/RpNaryzsVnI/AAAAAAAAABc/Sn_4urfn4GA/s400/usdchf-10-july-30min.gif


Posted by okl at 6:04 PM 3 comments
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Friday, June 29, 2007It is a waiting game
Friday, 29th June:
How I went long on this breakout? Fiber has been range trading between 1.3471-1.3424 since the start of week, monday. Price made 3 obvious candlestick tails low-lower-high as shown on chart.

EUR/USD - 1 hr
http://bp3.blogger.com/_7PCTuHqptHI/RoTikSzsVjI/AAAAAAAAAA8/WuKWXKJpHNE/s400/eurusd-29-june-60min.gif

Economic figures was coming out on London session. Mixed of data. Price was staying in the netural zone. Time to look for opportunity to go either long or short once it break.

Long was taken when it break upside and price rallied. Was eyeing 1.3500-1.3515 for a quick profit.

EUR/USD 30min:
http://bp2.blogger.com/_7PCTuHqptHI/RoTk_CzsVkI/AAAAAAAAABE/HF0zNBJQnes/s400/eurusd-29-june-30min.gif

Monday, 2nd July:
Euro went up as high as 1.3580 from 1.3450, about 120-130pips gain from that range.
http://bp0.blogger.com/_7PCTuHqptHI/RojZXizsVlI/AAAAAAAAABM/p7wNuvAuBps/s400/eurusd-02-july-60min.gif


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Sunday, May 13, 2007Boris and Kathy's FX Blog
Would like to introduce BKTraderFX a blog by Kathy and Boris.

Where you can see how the leading industry experts trade the FX.


Posted by okl at 6:43 PM 5 comments
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Friday, April 13, 2007USD/CHF - Break Out Trade
USD/CHF 4Hours chart: Simple lines with high accuracy.

http://bp0.blogger.com/_7PCTuHqptHI/Rh99HX4C7bI/AAAAAAAAAAs/sxGh4lPzs-Y/s400/usdchf-13-april-h4.gif


Posted by okl at 8:51 PM 0 comments
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Thursday, March 29, 2007FX Market Hours Widget
Check this out pretty useful tool from oanda.com

http://fxlabs.oanda.com/descriptions/images/fxmarkethours_widget.png

This tool is the Yahoo! Widget version of OANDA's popular FXMarketHours which shows the 'trading hours' of the major forex markets. Like the original tool, it takes bank holidays and weekends into account and allows traders to check the current status of all markets at a glance.


Posted by okl at 6:56 PM 0 comments
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Thursday, February 08, 2007Previous Action Gives Clue
Previous price pattern tells you current price behaviour.

http://bp3.blogger.com/_7PCTuHqptHI/Rcr1evoBODI/AAAAAAAAAAM/x0lHMVL0wVQ/s400/eurusd-8-feb-30min.gif


Posted by okl at 6:01 PM 3 comments
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Thursday, November 09, 2006EURUSD - 3 Drives to Top
EURUSD Hourly: 3 drives to top ?
http://photos1.blogger.com/blogger2/7388/1881/400/eurusd-09-nov-h1.png


Posted by okl at 6:12 PM 6 comments
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Thursday, October 26, 2006EURUSD - Bear in Control Part 2
EURO 240min: RSI Overbought/divergence

http://photos1.blogger.com/blogger2/7388/1881/400/eurusd-26-oct-h4.png


Posted by okl at 9:54 PM 0 comments
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Monday, October 23, 2006EURUSD - Bear in Control?
Euro 240min: As mentioned in the beginning post, bear stepped in 1.2640 level and price down 100 pips.

http://photos1.blogger.com/blogger2/7388/1881/400/eurusd-23-oct-h4.png


Posted by okl at 9:12 PM 0 comments
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Saturday, October 21, 2006EURUSD - Weekend Update
Update of previous post.

EURO 60mins:
http://photos1.blogger.com/blogger2/7388/1881/400/eurusd-21-oct-h1.png

Swissy 60mins:
http://photos1.blogger.com/blogger2/7388/1881/400/usdchf-21-oct-h1.png


Posted by okl at 8:47 PM 0 comments
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Thursday, October 19, 2006EURUSD - Buy Update
EURUSD: Up up and up

240min:
Are we getting to see 1.2600 zone on next week?
http://photos1.blogger.com/blogger2/7388/1881/400/eurusd-19-oct-h4.png

60min:
http://photos1.blogger.com/blogger2/7388/1881/400/eurusd-19-oct-h1.png

USDCHF: Down down and down.

240min:
http://photos1.blogger.com/blogger2/7388/1881/400/usdchf-19-oct-h4.png

60min:
http://photos1.blogger.com/blogger2/7388/1881/400/usdchf-19-oct-h1.png


Posted by okl at 9:33 PM 0 comments
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Monday, October 16, 2006EURUSD - Buy
EURUSD 240min: Euro has been heading down for the past 2 weeks, expecting to see a correction as price found support on 1.2480. Buy as price heading 1.2600-80 zone.

http://photos1.blogger.com/blogger2/7388/1881/400/eur-16-oct-h4.png


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[ 本帖最后由 hefeiddd 于 2008-4-18 06:11 编辑 ]

hefeiddd 发表于 2008-4-16 19:06

Wednesday, October 11, 2006EURUSD - Heading Down - Bouncing Up?
EURUSD 240min: Price hit 1.2516 low on yesterday. Expecting a north bounce where 1.2680 is the resistance. So look for short opportunity again from there, target 1.2400.

http://photos1.blogger.com/blogger/1795/511/400/eur-11-oct-h4.png


Posted by okl at 6:03 PM 4 comments
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Monday, October 09, 2006EURUSD - Heading Down Cont....
EURUSD 240min: Update from previous post last week, price tested 1.2570 low on last friday. On this week, are we going to see 1.2400 level??

http://photos1.blogger.com/blogger/1795/511/400/eur-09-oct-h4.0.png


Posted by okl at 4:42 PM 1 comments
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Tuesday, October 03, 2006EURUSD - Heading Down
EURUSD 240min: Would like to see euro head down to 1.2600 and then 1.2400 on this set of mid-term ML.

http://photos1.blogger.com/blogger/1795/511/400/eur-03-oct-h1.png


Posted by okl at 7:21 PM 0 comments
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Thursday, August 31, 2006Summer Holiday
We go for summer holiday ok? See you.

Euro 60min:
http://photos1.blogger.com/blogger/1795/511/400/eur-31-aug-h1.png

Weekend Update:
http://photos1.blogger.com/blogger/1795/511/400/eur-3-sept-h1.png


Posted by okl at 10:18 PM 1 comments
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Tuesday, August 22, 2006EUR/USD - Tue Update
60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-22-aug-h1.png


Posted by okl at 4:02 PM 1 comments
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Friday, August 18, 2006EUR/USD - Fri Update
http://photos1.blogger.com/blogger/1795/511/400/eurusd-18-aug-h1.png

Thats a very strong dip.


Posted by okl at 4:17 PM 0 comments
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Thursday, August 17, 2006EUR/USD - Thu Update
Over +150pips if you caught the ride from 1.2700. Now it is good to sit back to watch. And continue to look for direction on next monday.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-17-aug-h1.png


Posted by okl at 9:03 PM 0 comments
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Wednesday, August 16, 2006EUR/USD - Buyer Awarded
60min: As mentioned from previous post. Euro didnt dip instead went up higher.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-16-aug-h1.png


Posted by okl at 9:23 PM 0 comments
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Tuesday, August 15, 2006EUR/USD - Buyer @ 1.2700
EUR/USD 240min: As mentioned in the previous post, target 1.2700 have been met. Now we shall wait and see for new direction. Either break the lower MLH and bounce up higher or continue to fall...

http://photos1.blogger.com/blogger/1795/511/400/eurusd-15-aug-h1.png

60min update:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-15-aug-h1.0.png


Posted by okl at 4:46 PM 1 comments
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Friday, August 11, 2006EUR/USD - Sell Sell Sell......
EURUSD 240min: - Continue from previous update.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-11-aug-h4.png

EURUSD 60min: - Average about 100 pips gain.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-11-aug-h1.png


Posted by okl at 6:09 PM 4 comments
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Thursday, August 10, 2006EUR/USD - Facing Seller
EURUSD 240min: Look like price met seller at 1.2900, seeing 1.2700, lower MLH.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-10-aug-h4.png


Posted by okl at 8:02 PM 0 comments
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Monday, August 07, 2006Notice
sorry for no posting in these 2 weeks, will update soon.


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Monday, July 24, 2006EUR-GBP-USD Monday Charts Update
Position change, we look for short opportunity on euro and pound, long on swissy.

EURUSD 240min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-24-july-h1.0.png

GBPUSD 60min:
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-27-july-h1.png

USDCHF 240min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-24-july-h1.png


Posted by okl at 6:15 PM 0 comments
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Monday, July 17, 2006Buy Dollar Sell Euro - Monday Update
Since the last week post on July 12, I mentioned that euro might be heading down. And the continous post on 13th post and 14th post.

EUR/USD 60min: Euro finally hit below 1.2600.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-17-july-h1.png

USD/CHF 60min: Up the hill.
http://photos1.blogger.com/blogger/1795/511/400/usdchf-17-july-h1.png

GBP/USD 60min: Down the slope.
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-17-july-h1.png


Posted by okl at 4:20 PM 0 comments
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Friday, July 14, 2006Buy Dollar Sell Euro Continue
As refer to previous post. We have a set of ML for euro and swissy that describe the price pretty well. Thats the power of ML when you got a set of ML that tell the price direction.

EURUSD 60min: Re-test upper inside sliding parallel line.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-14-july-h1.png

USDCHF 60min: Lower MLH acting as support.
http://photos1.blogger.com/blogger/1795/511/400/usdchf-14-july-h1.png

GBPUSD 60min: Re-test the upper MLH sliding parallel.
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-14-july-h1.png


Posted by okl at 4:06 PM 1 comments
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Thursday, July 13, 2006Buy Dollar Sell Euro
EURUSD 60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-13-july-h1.png

USDCHF 60min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-13-july-h1.png


Posted by okl at 9:49 PM 0 comments
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Wednesday, July 12, 2006EUR/USD - Heading down?
240min: On longer term view
http://photos1.blogger.com/blogger/1795/511/400/eurusd-12-july-h4.png

60min: Shorter term, heading to re-test 1.2700 since the start of London session.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-12-july-h1.png


Posted by okl at 7:55 PM 2 comments
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Tuesday, July 11, 2006EUR/USD - Nice touch and Up
As refer to previous post. Here is the update.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-11-july-h1.png


Posted by okl at 7:45 PM 0 comments
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Monday, July 10, 2006EUR/USD - Monday
EURUSD 60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-10-july-h1.png

3 hours later, sliding parallel doesnt hold, let's go short.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-10-july-h1-2.png


Posted by okl at 4:20 PM 0 comments
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Friday, July 07, 2006EUR/USD - Upside is the better choice
http://photos1.blogger.com/blogger/1795/511/400/eurusd-07-july-h1.png


Posted by okl at 9:02 PM 3 comments
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[ 本帖最后由 hefeiddd 于 2008-4-18 06:13 编辑 ]

hefeiddd 发表于 2008-4-16 19:07

Thursday, July 06, 2006EUR/USD - Thu Update
http://photos1.blogger.com/blogger/1795/511/400/eurusd-06-july-h1.png


Posted by okl at 7:07 PM 0 comments
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Wednesday, July 05, 2006EUR/USD - Wed Update
http://photos1.blogger.com/blogger/1795/511/400/eurusd-05-july-h1.png


Posted by okl at 5:36 PM 1 comments
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Tuesday, July 04, 2006EURUSD - Fresh Update
Euro finally broke the upper MLH and went higher since the last chart

EUR/USD 60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-04-july-h1.png


Posted by okl at 4:50 PM 0 comments
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Thursday, June 29, 2006EUR/USD - Thu Update
EURUSD 60min:
New ML set

http://photos1.blogger.com/blogger/1795/511/400/eurusd-29-june-h1.png


Posted by okl at 10:04 PM 3 comments
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Tuesday, June 27, 2006EUR/USD & USD/CHF - Tuesday Update
Nothing much interesting to see on the chart but just an update.

EURUSD 60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-27-june-h1.png

USDCHF 60min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-27-june-h1.png


Posted by okl at 8:12 PM 0 comments
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Saturday, June 24, 2006USD/CHF - Weekend Update
EUR/USD 60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-24-june-h1.png

USD/CHF 60min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-24-june-h1.png


Posted by okl at 5:06 PM 0 comments
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Thursday, June 22, 2006EUR/USD - GBP/USD - USD/CHF
EURUSD 60min: Update from previous chart
http://photos1.blogger.com/blogger/1795/511/400/eurusd-22-june-h1.0.png

USDCHF 60min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-22-june-h1.png

GBPUSD 240min:
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-22-june-h1.png


Posted by okl at 8:28 PM 0 comments
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Tuesday, June 20, 2006EUR/USD & AUD/USD
EURUSD 60min:
Continue from the last updated chart.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-20-june-h1.png

AUDUSD 60min:
This set of ML hold the price pretty well.

http://photos1.blogger.com/blogger/1795/511/400/audusd-20-june-h1.png


Posted by okl at 7:39 PM 5 comments
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Monday, June 19, 2006EUR/USD - Last Friday Update
Update From last friday chart

http://photos1.blogger.com/blogger/1795/511/400/eurusd-19-june-h1.png


Posted by okl at 5:26 PM 5 comments
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Friday, June 16, 2006EUR/USD - Friday Update
http://photos1.blogger.com/blogger/1795/511/400/eurusd-16-june-h1.png

Look interesting http://www.pitchforktrader.com/


Posted by okl at 7:28 PM 2 comments
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Thursday, June 15, 2006EUR/USD - Retest of ML
http://photos1.blogger.com/blogger/1795/511/400/eurusd-15-june-h1.png


Posted by okl at 8:46 PM 0 comments
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Monday, June 12, 2006Buy Euro Sell Dollar
EUR/USD 60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-12-june-h1.png

USD/CHF 60min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-12-june-h1.png


Posted by okl at 9:17 PM 0 comments
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Saturday, June 10, 2006EUR/USD - Test of inside lower sliding parallel
Update from Friday's chart.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-10-june-h1.png

How the opening on Monday going to be like?


Posted by okl at 8:05 PM 7 comments
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Friday, June 09, 2006EUR/USD - Friday
Update from previous chart.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-09-june-h1.0.png
Which direction? 50 50


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Thursday, June 08, 2006EUR/USD - Inside sliding parallel
http://photos1.blogger.com/blogger/1795/511/400/eurusd-08-june-h1.png
Not too sure of the direction, we shall see how it play out.


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Tuesday, June 06, 2006EUR/USD - Retest of the sliding parallel
Simple and repeat setup that most of the time work.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-06-june-h1.png


Posted by okl at 8:13 PM 2 comments
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Saturday, June 03, 2006EUR/USD - Weekend update.
Update of the previous post, why I would go for long position? I took the clue from swissy as shown in below.

EUR/USD: 60min
http://photos1.blogger.com/blogger/1795/511/400/eurusd-03-june-h1.png

USD/CHF: Double top
http://photos1.blogger.com/blogger/1795/511/400/usdchf-03-june-h1.png


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Friday, June 02, 2006EUR/USD - Either side
Which side? I go for upside.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-02-june-h1.png


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Thursday, June 01, 2006EUR/USD - Starts of June
Sorry for no updates for the past few days, busy with other work.

Ok, as I mentioned before in the previous post we would be likely in the ranging market. Here is the chart update of the forecast price movement.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-01-june-h1.png


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Monday, May 29, 2006EUR/USD - Where are we going
EUR/USD: 60min

Ranging since last week. How about this week?

http://photos1.blogger.com/blogger/1795/511/400/eurusd-29-mayh1.0.png


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[ 本帖最后由 hefeiddd 于 2008-4-18 06:14 编辑 ]

hefeiddd 发表于 2008-4-16 19:08

Saturday, May 27, 2006EUR/USD - End of the bull?
Update of the previous chart.
EUR/USD: 60min

http://photos1.blogger.com/blogger/1795/511/400/eurusd-27-mayh1.0.png
At the beginning of the year till the ending of 2nd quarter of the year, Euro have been climbing and facing barrier at 1.2970. So are we going to see 1.3000?


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Friday, May 26, 2006EUR/USD - May Last Trading Month
EUR/USD: 60min
http://photos1.blogger.com/blogger/1795/511/400/eurusd-26-mayh1.png


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Thursday, May 25, 2006EUR/USD & GBP/USD
Continue update on EUR/USD last chart again.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-25-mayh1.png

GBP/USD 60min:
Seeing how upper MLH hold the price pretty well.
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-25-mayh1.png


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Wednesday, May 24, 2006EUR/USD - Ranging ?
Chart update on previous post.

EUR/USD 60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-24-may-h1.png


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Monday, May 22, 2006The "Not-So-Simple" (But Really Utterly So) Rules of Trading
Courtesy of John Mauldin

The "Not-So-Simple" (But Really Utterly So) Rules of Trading

The world of investing/treading, even at the very highest levels, where we are supposed to believe that wisdom prevails and profits abound, is littered with the wreckage of wealth that has hit the various myriad rocks that exist just beneath the tranquil surface of the global economy. It matters not what level of supposed wisdom, or education, that the money managers or individuals in question have. We can make a list of wondrously large financial failures that have come to flounder upon these rocks for the very same reasons. Let us, for a bit, have a moment of collective silence for Long Term Capital Management; for Baring's Brothers; for Sumitomo Copper... and for the tens of thousands of individuals each year who follow their lead into financial oblivion.

I've been in the business of trading since the early 1970s as a bank trader, as a member of the Chicago Board of Trade, as a private investor, and as the writer of The Gartman Letter, a daily newsletter I've been producing for primarily institutional clientele since the middle 1980s. I've survived, but often just barely. I've made preposterous errors of judgment. I've made wondrously insightful "plays." I've understood, from time to time, basis economic fundamentals that should drive prices--and then don't. I've misunderstood other economic fundamentals that, in retrospect, were 180 degrees out of logic and yet prevailed profitably. I've prospered; I've almost failed utterly. I've won, I've lost, and I've broken even.

As I get older, and in my mid-50s, having seen so much of the game--for a game it is, with bad players who get lucky; great players who get unlucky; mediocre players who find their slot in the lineup and produce nice, steady results over long periods of time; "streak-y" players who score big for a while and lose big at other times--I have distilled what it is that we do to survive into a series of "Not-So-Simple" Rules of Trading that I try my best to live by every day ... every week ... every month. When I do stand by my rules, I prosper; when I don't, I don't. I am convinced that had Long Term Capital Management not listened to its myriad Nobel Laureates in Economics and had instead followed these rules, it would not only still be extant, it would be enormously larger, preposterously profitable and an example to everyone. I am convinced that had Nick Leeson and Barings Brothers adhered to these rules, Barings too would be alive and functioning. Perhaps the same might even be said for Mr. Hamanaka and Sumitomo Copper.

Now, onto the Rules:

NEVER ADD TO A LOSING POSITION

R U L E # 1
Never, ever, under any circumstance, should one add to a losing position ... not EVER!

Averaging down into a losing trade is the only thing that will assuredly take you out of the investment business. This is what took LTCM out. This is what took Barings Brothers out; this is what took Sumitomo Copper out, and this is what takes most losing investors out. The only thing that can happen to you when you average down into a long position (or up into a short position) is that your net worth must decline. Oh, it may turn around eventually and your decision to average down may be proven fortuitous, but for every example of fortune shining we can give an example of fortune turning bleak and deadly.

By contrast, if you buy a stock or a commodity or a currency at progressively higher prices, the only thing that can happen to your net worth is that it shall rise. Eventually, all prices tumble. Eventually, the last position you buy, at progressively higher prices, shall prove to be a loser, and it is at that point that you will have to exit your position. However, as long as you buy at higher prices, the market is telling you that you are correct in your analysis and you should continue to trade accordingly.

R U L E # 2
Never, ever, under any circumstance, should one add to a losing position ... not EVER!

We trust our point is made. If "location, location, location" are the first three rules of investing in real estate, then the first two rules of trading equities, debt, commodities, currencies, and so on are these: never add to a losing position.

INVEST ON THE SIDE THAT IS WINNING

R U L E # 3
Learn to trade like a mercenary guerrilla.

The great Jesse Livermore once said that it is not our duty to trade upon the bullish side, nor the bearish side, but upon the winning side. This is brilliance of the first order. We must indeed learn to fight/invest on the winning side, and we must be willing to change sides immediately when one side has gained the upper hand.

Once, when Lord Keynes was appearing at a conference he had spoken to the year previous, at which he had suggested an investment in a particular stock that he was now suggesting should be shorted, a gentleman in the audience took him to task for having changed his view. This gentleman wondered how it was possible that Lord Keynes could shift in this manner and thought that Keynes was a charlatan for having changed his opinion. Lord Keynes responded in a wonderfully prescient manner when he said, "Sir, the facts have changed regarding this company, and when the facts change, I change. What do you do, Sir?" Lord Keynes understood the rationality of trading as a mercenary guerrilla, choosing to invest/fight upon the winning side. When the facts change, we must change. It is illogical to do otherwise.

DON'T HOLD ON TO LOSING POSITIONS

R U L E # 4
Capital is in two varieties: Mental and Real, and, of the two, the mental capital is the most important.

Holding on to losing positions costs real capital as one's account balance is depleted, but it can exhaust one's mental capital even more seriously as one holds to the losing trade, becoming more and more fearful with each passing minute, day and week, avoiding potentially profitable trades while one nurtures the losing position.

GO WHERE THE STRENGTH IS

R U L E # 5
The objective of what we are after is not to buy low and to sell high, but to buy high and to sell higher, or to sell short low and to buy lower.

We can never know what price is really "low," nor what price is really "high." We can, however, have a modest chance at knowing what the trend is and acting on that trend. We can buy higher and we can sell higher still if the trend is up. Conversely, we can sell short at low prices and we can cover at lower prices if the trend is still down. However, we've no idea how high high is, nor how low low is.

Nortel went from approximately the split-adjusted price of $1 share back in the early 1980s, to just under $90/share in early 2000 and back to near $1 share by 2002 (where it has hovered ever since). On the way up, it looked expensive at $20, at $30, at $70, and at $85, and on the way down it may have looked inexpensive at $70, and $30, and $20--and even at $10 and $5. The lesson here is that we really cannot tell what is high and/or what is low, but when the trend becomes established, it can run far farther than the most optimistic or most pessimistic among us can foresee.

R U L E # 6
Sell markets that show the greatest weakness; buy markets that show the greatest strength.

Metaphorically, when bearish we need to throw our rocks into the wettest paper sack for it will break the most readily, while in bull markets we need to ride the strongest wind for it shall carry us farther than others.

Those in the women's apparel business understand this rule better than others, for when they carry an inventory of various dresses and designers they watch which designer's work moves off the shelf most readily and which do not. They instinctively mark down the work of those designers who sell poorly, recovering what capital then can as swiftly as they can, and use that capital to buy more works by the successful designer. To do otherwise is counterintuitive. They instinctively buy the "strongest" designers and sell the "weakest." Investors in stocks all too often and by contrast, watch their portfolio shift over time and sell out the best stocks, often deploying this capital into the shares that have lagged. They are, in essence, selling the best designers while buying more of the worst. A clothing shop owner would never do this; stock investors do it all the time and think they are wise for doing so!

MAKING "LOGICAL" PLAYS IS COSTLY

R U L E # 7
In a Bull Market we can only be long or neutral; in a bear market we can only be bearish or neutral.

Rule 6 addresses what might seem like a logical play: selling out of a long position after a sharp rush higher or covering a short position after a sharp break lower--and then trying to play the market from the other direction, hoping to profit from the supposedly inevitable correction, only to see the market continue on in the original direction that we had gotten ourselves exposed to. At this point, we are not only losing real capital, we are losing mental capital at an explosive rate, and we are bound to make more and more errors of judgment along the way.

Actually, in a bull market we can be neutral, modestly long, or aggressively long--getting into the last position after a protracted bull run into which we've added to our winning position all along the way. Conversely, in a bear market we can be neutral, modestly short, or aggressively short, but never, ever can we--or should we--be the opposite way even so slightly.

Many years ago I was standing on the top step of the CBOT bond-trading pit with an old friend Bradley Rotter, looking down into the tumult below in awe. When asked what he thought, Brad replied, "I'm flat ... and I'm nervous." That, we think, says it all...that the markets are often so terrifying that no position is a position of consequence.

R U L E # 8
"Markets can remain illogical far longer than you or I can remain solvent."

I understand that it was Lord Keynes who said this first, but the first time I heard it was one morning many years ago when talking with a very good friend, and mentor, Dr. A. Gary Shilling, as he worried over a position in U.S. debt that was going against him and seemed to go against the most obvious economic fundamentals at the time. Worried about his losing position and obviously dismayed by it, Gary said over the phone, "Dennis, the markets are illogical at times, and they can remain illogical far longer than you or I can remain solvent." The University of Chicago "boys" have argued for decades that the markets are rational, but we in the markets every day know otherwise. We must learn to accept that irrationality, deal with it, and move on. There is not much else one can say. (Dr. Shilling's position shortly thereafter proved to have been wise and profitable, but not before further "mental" capital was expended.)

R U L E # 9
Trading runs in cycles; some are good, some are bad, and there is nothing we can do about that other than accept it and act accordingly.

The academics will never understand this, but those of us who trade for a living know that there are times when every trade we make (even the errors) is profitable and there is nothing we can do to change that. Conversely, there are times that no matter what we do--no matter how wise and considered are our insights; no matter how sophisticated our analysis--our trades will surrender nothing other than losses. Thus, when things are going well, trade often, trade large, and try to maximize the good fortune that is being bestowed upon you. However, when trading poorly, trade infrequently, trade very small, and continue to get steadily smaller until the winds have changed and the trading "gods" have chosen to smile upon you once again. The latter usually happens when we begin following the rules of trading again. Funny how that happens!

THINK LIKE A FUNDAMENTALIST; TRADE LIKE A TECHNICIAN

R U L E # 10
To trade/invest successfully, think like a fundamentalist; trade like a technician.

It is obviously imperative that we understand the economic fundamentals that will drive a market higher or lower, but we must understand the technicals as well. When we do, then and only then can we, or should we, trade. If the market fundamentals as we understand them are bullish and the trend is down, it is illogical to buy; conversely, if the fundamentals as we understand them are bearish but the market's trend is up, it is illogical to sell that market short. Ah, but if we understand the market's fundamentals to be bullish and if the trend is up, it is even more illogical not to trade bullishly.

R U L E # 11
Keep your technical systems simple.

Over the years we have listened to inordinately bright young men and women explain the most complicated and clearly sophisticated trading systems. These are systems that they have labored over; nurtured; expended huge sums of money and time upon, but our history has shown that they rarely make money for those employing them. Complexity breeds confusion; simplicity breeds an ability to make decisions swiftly, and to admit error when wrong. Simplicity breeds elegance.

The greatest traders/investors we've had the honor to know over the years continue to employ the simplest trading schemes. They draw simple trend lines, they see and act on simple technical signals, they react swiftly, and they attribute it to their knowledge gained over the years that complexity is the home of the young and untested.

UNDERSTAND THE ENVIRONMENT

R U L E # 12
In trading/investing, an understanding of mass psychology is often more important than an understanding of economics.

Markets are, as we like to say, the sum total of the wisdom and stupidity of all who trade in them, and they are collectively given over to the most basic components of the collective psychology. The dot-com bubble was indeed a bubble, but it grew from a small group to a larger group to the largest group, collectively fed by mass mania, until it ended. The economists among us missed the bull-run entirely, but that proves only that markets can indeed remain irrational, and that economic fundamentals may eventually hold the day but in the interim, psychology holds the moment.

And finally the most important rule of all:

THE RULE THAT SUMS UP THE REST

R U L E # 13
Do more of that which is working and do less of that which is not.

This is a simple rule in writing; this is a difficult rule to act upon. However, it synthesizes all the modest wisdom we've accumulated over thirty years of watching and trading in markets. Adding to a winning trade while cutting back on losing trades is the one true rule that holds--and it holds in life as well as in trading/investing.

If you would go to the golf course to play a tournament and find at the practice tee that you are hitting the ball with a slight "left-to-right" tendency that day, it would be best to take that notion out to the course rather than attempt to re-work your swing. Doing more of what is working works on the golf course, and it works in investing.

If you find that writing thank you notes, following the niceties of life that are extended to you, gets you more niceties in the future, you should write more thank you notes. If you find that being pleasant to those around you elicits more pleasantness, then be more pleasant.

And if you find that cutting losses while letting profits run--or even more directly, that cutting losses and adding to winning trades works best of all--then that is the course of action you must take when trading/investing. Here in our offices, as we trade for our own account, we constantly ask each other, "What's working today, and what's not?" Then we try to the very best of our ability "to do more of that which is working and less of that which is not." We've no set rule on how much more or how much less we are to do, we know only that we are to do "some" more of the former and "some" less of the latter. If our long positions are up, we look at which of those long positions is doing us the most good and we do more of that. If short positions are also up, we cut back on that which is doing us the most ill. Our process is simple.

We are certain that great--even vast--holes can and will be proven in our rules by doctoral candidates in business and economics, but we care not a whit, for they work. They've proven so through time and under pressure. We try our best to adhere to them.

This is what I have learned about the world of investing over three decades. I try each day to stand by my rules. I fail miserably at times, for I break them often, and when I do I lose money and mental capital, until such time as I return to my rules and try my very best to hold strongly to them. The losses incurred are the inevitable tithe I must make to the markets to atone for my trading sins. I accept them, and I move on, but only after vowing that "I'll never do that again."


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Saturday, May 20, 2006EUR/USD & USD/CHF - Weekend Update.
Yes, price went to test lower MLH which occured as expected even it never went to retest lower MLH's sliding parallel.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-20-may-h1.png

Watch on USD/CHF inside sliding parallel for retest and retest.
http://photos1.blogger.com/blogger/1795/511/400/usdchf-20-may-h1.png


Posted by okl at 4:24 PM 5 comments
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Friday, May 19, 2006EUR/USD - Old Sliding Parallel
As compared to yesterday chart.

(1)Old lower MLH's sliding parallel became resistance.
(2)Price failed to reached white schiff upper MLH.
(3)78.6% retracement level.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-19-may-h1.0.png
Same old question where is the price heading to? Same guess the white lower MLH's sliding parallel.


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Thursday, May 18, 2006EUR/USD - New Schiff ML Set
Looking back the previous chart again, we see price broken the lower warning line. So a new schiff ML was added on to map the price direction.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-18-may-h1.0.png
So is the price going down to test the lower MLH's sliding parallel after failed to reach ML?


Posted by okl at 7:52 PM 2 comments
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Wednesday, May 17, 2006GBP/USD - Lower MLH Re-Rest
Cable does the same as fiber as mentioned on the previous post. Price went to re-test the lower MLH and went higher up the slope.

http://photos1.blogger.com/blogger/1795/511/400/gpbusd-17-may-h1.png


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EUR/USD - Warning Line Hold
Yes, since yesterday the warning line hold after the long spike candle and price went up to re-test the lower MLH. As compared to the previous chart.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-17-may-h1.png


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Tuesday, May 16, 2006EUR/USD - Warning Line Re-test
As mentioned in the previous post, price indeed went down to re-test the warning line. Will the warning line hold or not? We shall see.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-16-may-h1.png


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Monday, May 15, 2006EUR/USD - 123456 touch
As refer to the old chart, here is the update of the sliding parallel line touches.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-15-may-h1.png

Where is the price going ? Possible retest of the lower MLH warning line.


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Friday, May 12, 2006Live Median Line chart and chat Room
Here is a quoted email from Tim Morge's mailing list www.talk2traders.com:

"We've had a great attendance in the free live "Chart
and Chat" room. You can join us and watch live
real-time charts and discuss the E*Mini S&Ps and
Russels with a great group of traders. Here's the
login link:

www.omNovia.com/sc2/spiketrading/marketmaps

and the password is: andrews
"

Update chart on previous post on USD/CHF:
See how the horizontal resistance line confluence with the upper MLH, act as energy point. If you look at MACD Histogram, you will see a regular divergence.
http://photos1.blogger.com/blogger/1795/511/400/usdchf-12-may-h1.png
Also I may not post that often due to personal work committment. But I will still try to post some education materials and share with you guys.

Enjoy.


Posted by okl at 6:17 PM 5 comments
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Thursday, May 11, 2006EUR/USD - Not so easy
Compares to previous post on pound, we have a harder time.

30min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-11-may-30m.png


Posted by okl at 6:30 PM 0 comments
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GBP/USD - Sliding Parallel Lines
30min: I spotted it!
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-10-may-30m.png
15min: Where is the exit? You choose yourself!
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-11-may-15min.0.png
60min: All the way down to magenta lower MLH
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-11-may-h1.png


Posted by okl at 4:56 PM 0 comments
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Wednesday, May 10, 2006Buy AUDUSD Retrace
If you still remember this previous post on RSI act as support. Now AUDUSD was in near oversold condition, time to buy back on retrace and divergence on MACD histogram.

AUD/USD 60min:
http://photos1.blogger.com/blogger/1795/511/400/audusd-10-may-h1.2.png


Posted by okl at 3:01 AM 7 comments
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USDCHF - Inside sliding parallels & Energy Coil
USD/CHF 60min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-10-may-30m.0.png

Sort of energy coil setup I learned from the video clip on my previous post.


Posted by okl at 12:05 AM 0 comments
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Tuesday, May 09, 2006Median Line Trading Video Clips
From MarketGeometrics.com

* ES 03/29/05 (Energy Coil Setup)
* 6E 04/07/05 (MLH Failure & Double Tops Setup)
* AB 04/08/05 (MLH Failure & Zoom/Re-Test Setup)
* ES 04/27/05 (Confluence of MLH & Measured Move)


Posted by okl at 11:58 PM 0 comments
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Monday, May 08, 2006EURUSD - 1234 touch
EURUSD 30min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-08-may30m.png
Divergence:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-08-may30m-2.png


Posted by okl at 10:43 PM 2 comments
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Saturday, May 06, 2006Price tends to reach the other side of sliding parallel
EUR/JPY 240min:
http://photos1.blogger.com/blogger/1795/511/400/eurjpy-06-may-h4.png
Price went to test (2) lower MLH's sliding parallel from (1) upper MLH's sliding parallel.
From (2) price went up slowly and upon reached (3), price dropped 160-180 pips like waterfall.

Question: How would I know that sliding parallel line will work?? MACD to the resuce, zoom down to 60min chart.
http://photos1.blogger.com/blogger/1795/511/400/eurjpy-06-may-h1.1.png


Posted by okl at 2:56 PM 0 comments
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Newer Posts Older Posts Home


[ 本帖最后由 hefeiddd 于 2008-4-18 06:16 编辑 ]

hefeiddd 发表于 2008-4-16 19:08

Thursday, May 04, 2006EUR/USD - Sell Tops
240min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-04-may-h4.png

30min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-04-may-30m.0.png

Original Alan H. Andrews Materials


Posted by okl at 3:49 PM 0 comments
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Median Lines Probabilities Part 2
This is part 2 of part 1 .

Median Line Gap/Zoom Probabilities studies by Greg & Angie Fisher

http://photos1.blogger.com/blogger/1795/511/400/Median-Line-gapzoom-1.png

http://photos1.blogger.com/blogger/1795/511/400/Median-Line-gapzoom-2.png

Original Alan H. Andrews Materials


Posted by okl at 3:37 PM 2 comments
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Wednesday, May 03, 2006RSI - Where is the support
In an strong uptrend, price always finds support on RSI level 40.
AUD/USD: 60min
http://photos1.blogger.com/blogger/1795/511/400/audusd-rsi.png


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Tuesday, May 02, 2006EUR/JPY - Buy on retest of the sliding parallel line
What is the first thing I look for in a trade? Stop formation! Only when there is a place for me to hide my stop, then i go for it. Risk 15 pips you get about +110 pips.
240min:
http://photos1.blogger.com/blogger/1795/511/400/eurjpy-02-april-h4.0.png
30min:
http://photos1.blogger.com/blogger/1795/511/400/eurjpy-02-april-30m.0.png
Refer to this past post on time measurement.


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Median Lines Probabilities Part 1
Median Line Reversal Probabilities studies by Greg & Angie Fisher
http://photos1.blogger.com/blogger/1795/511/400/Median-Line-Reversal-Probab.png
http://photos1.blogger.com/blogger/1795/511/400/Median-Line-Reversal-2.png

Part 1 of 2

Thanks Greg for allowing me to publish his studies.


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Saturday, April 29, 2006Interview with the CCC CFD Trading Contest Winner of US$ 100,000/-
Interview with the CCC CFD Trading Contest Winner of US$ 100,000/-

Name: Jim Liu

Nationality: Taiwanese

Age: 26

1. How long have you been trading online?

I have been trading online for about 3 years.

2. How long have you been trading CFDs?

I’ve been trading CFDs for about 6 months.

3. Why did you decide to enter CCC’s CFD Trading Contest? (Contest from1st to 31st March 2006)

Well, I think this is the easy one. To my knowledge no institution has ever held a trading contest where the winner can win up to USD100,000 in cool cash – I saw my chance and I grabbed it!

4. What is your trading strategy?

From the very beginning, I made it very clear to myself that there are two types of contestants. The first type trades currencies and the others trade commodities. I figured that if I chose to trade FX futures then I would have to be really good at it and I would have to be right most of the time in order to beat the other contestants who were also trading FX futures.

As for commodity traders, I assumed that most people would trade either gold or crude oil, but crude oil can take you out of the game just like that if the international news goes against you. As for gold, even though it has been hot for some time, the price doesn’t move out of its basic range. Again, if I figured that if I am to stand a chance of winning this contest by trading these two products, then I have to get it right most of the time, every time I trade.

After all this thinking, I knew that the winner of this contest wasn’t going to be someone who trades FX futures day in and day out, and certainly not a commodity trader because that is even tougher to get right. So instead of trading FX futures like most of the other contestants, or speculate in gold or crude oil futures, I realised that in order to win I had to choose a single product that is volatile enough and has the appeal of gold. But the most important thing I considered was that there shouldn’t be a lot of people who would want to trade it. The reason for this is that if I made money on the trade, I know I would be in the lead and the gap between me and the other contestants would be significant because no one else would be trading the same instrument as me.

After serious research and thought, I decided to go with Silver. Silver is not as volatile as crude oil, but it does move and it has the same attraction as gold. An important point to remember, I thought, is that people tend towards gold and actually don’t pay much attention to the silver market which has been hot for quite some time as well. But the most important thing about silver is the rumor going around about the silver EFT and what Barclays has proposed to the SEC. All this rumour means news, and news means leads, leads means directions, directions means speculators and speculators mean money. Silver, I felt, could give me the support that I was looking for and this meant that I could go only one way and for a chance to make a decent profit on it since people wouldn’t sell their shares, they would probably only buy or buy more when they see their chance.

However, the first day I tried my luck trading FX futures, and I was at the chart on the second day and at the time I had increased my initial capital from USD100,000 to USD160,000. Then I traded silver, which is the first time that I actually started to pay attention to silver. At the time silver was just under the USD10 mark, and I thought there would be some resistance at this level, so I went short all in. Then the news from Barclays came out saying that the SEC might approve their proposal soon, and the price went sky high. It ripped against me 35 cents and I was down to USD60,000 at one point and my positions got auto-settled by the system.

Then I re-grouped and went short again, just as the hedge funds started selling big time and I made 60 cents. Then I told myself why I went for silver in the very beginning, and then started buying silver. From then on, silver just kept going my way, which was up and up. I reached almost USD200,000 (I was on top again) and then I starting to short because after all this buying, I thought it must come down a bit - which leads me to my second loss of the contest.

I went down to USD80,000 at one point and of course got auto-settled again. Then I told myself that the only way to go with silver is long. So I started buying silver again, and every time I had more margin available, I used it all. Then after a few days, I brought the account back to USD330,000 and again, I was at the top again. So, I told myself not to move this time, because the gap between the second contestant and me was 30,000. Let them chase me I thought, feeling very confident. If someone overtakes me, then I will make a move, but the next day both the FX market and crude oil were highly volatile, so I decided to take a new position. I went short on silver again. After all my previous bad experience shorting silver, I kept thinking that I would catch one short for sure, but I went in shorting 30 lots and the market kept going against. So, I started to increase my position, but the more I added the more the market went against me. It was on a Friday that I took this position. The following Monday, the silver market gap widened by 20 cents.

So again, I got auto-settled by the computer overnight as we had to maintain 50% of the margin overnight and this time I was down to USD90,000. At that time there was only one week left of the contest and every time I suffered a big loss, I told myself that I had choose the right product, and follow my directions - the contest is not over yet, I said. The next morning I went back in right away--- and just kept buying one contract after another as long as I could. The next day I brought my account back to double (USD200,000). I just kept doing this day in and day out. Two days later when I woke up in the morning, the silver market had jumped up by almost 25 cents, which made me a lot of money since at the time I was holding 93 contracts. I was back up to 320,000 and I was number one for the last three days of the contest!

But on the last day I decided to move again, and I made a loss and I really began to worry that I was going to lose the contest because I had made that move on my last day. In the end, the results came out and I was number 1. The gap between the second place contestant and me was only USD10,000. That was really close. I was really glad I won the contest because if I hadn’t, I would have regretted my decision to make a move on the last day rather than let the other contestants try and catch me.

In this contest I learned that there is no such thing as strategy, since there is a lot of disturbance and pressure, and a lot of times that is when you make your wrong move. But there are directions that you can follow. Just like I thought at the very beginning, if I follow the direction of going long all the way with silver, then I would have made a lot more.
On top of everything, CFD trading requires skill plus luck. You must know the market in order to succeed, but of course you can also get lucky as well. During the contest, 90% of the time I trade silver. From knowing nothing about silver before the contest I now feel like I know the product and how it behaves inside out – the added knowledge is something I didn’t realise would be a benefit for all of us trading. This is the only products I traded every day, day in and day out and I won the contest. I just can’t imagine how much more I could make in the future if I know every CFD product as well as I know silver.

5. How do you know when it’s time to get in and out of the market?

Well, this is a hard one. I guess you never know when it’s a good time to get in or out really. But you can sort of know how it behaves once you spend the time getting to know the product. It’s all in the knowledge you acquire about the products and markets you’re trading.

6. What’s the biggest challenge in trading CFDs?

I think the biggest challenge in trading CFDs is that there are so many products that you can choose from, from currency futures, commodities, and share-based CFDs. All this involves a lot of skill as well as product knowledge. You have to understand your products to trade CFDs successfully. You don’t really need any other tools to trade CFDs anymore. If you have a good trading platform, it’s like you get a whole basket of financial instruments to trade. You can hedge yourself by trading different instruments and it is all done online 24 hours a day. This means you can trade whenever you feel like it, you don’t have to wait to the next morning and phone up your broker and tell him to buy this and sell that – it’s that easy.


7. What, if any, other products have you traded online?

I have been trading stocks for almost 3 years now.

8. What do you plan to spend your winnings of USD100,000 on?

As I say, I plan to deposit USD80,000 into my live trading account and spend the remaining USD20,000 to travel somewhere really nice for a break……..you know, beaches, sunshine, that type of deal.

Jim’s Top 10 Trading Tips

1. Do your homework prior to entering the market.

2. Technical analysis is the key to short term trading so review current price history and charting formations.

3. Understand the psychology of the market, how it behaves and its major drivers.

4. Keep up-to-date with financial news.

5. Pay attention to the market as often as you can.

6. Know the key supports and resistance levels for the products you trade.

7. The trend is your friend, follow it!

8. Keep trading journals outlining the what, when and why of each trade.

9. Keep your emotions at home; don’t let your heart rule your head.

10. Be disciplined, disciplined, and disciplined.


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Weekend charts update
EUR/USD: Breakout of the large upper MLH and went higher.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-29-april-h4.png
GBP/USD: Breakout of the resistance line and sliding parallels
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-28-april-h4.png


Posted by okl at 7:23 PM 0 comments
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Friday, April 28, 2006Bids farewell to Euro
Bye 1.2550, Hello 1.2350.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-28-april-h4.0.png

Update: Trade didnt take off.


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Thursday, April 27, 2006USD/CHF - Golden Line
Beat till it death.

240min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-27-april-h4.png
60min:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-27-april-h1.png


Posted by okl at 11:20 PM 0 comments
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Spot The Turning Point
Let's take a break and look at other charts.

AUD/USD: Inside Sliding Parallels. After strong rally, aussie found a retrace point.
http://photos1.blogger.com/blogger/1795/511/400/audusd-27-april-h4.0.png

EUR/JPY: Where is the target ? Wave 2 completed at 38.2%?
http://photos1.blogger.com/blogger/1795/511/400/eurjpy-27-april-h4.png

Chart Update:
AUD/USD: 38.2 retrace completed and shoot up.
http://photos1.blogger.com/blogger/1795/511/400/audusd-28-april-h1.png
EUR/JPY: Re-test of the sliding parallel, target hit.
http://photos1.blogger.com/blogger/1795/511/400/eurjpy-28-april-h4.png


Posted by okl at 6:10 PM 0 comments
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Wednesday, April 26, 2006Euro refuses to give away 1.2400
Since the open london session, Euro refuses to give away 1.2400, trading between 1.2420-1.2390.

60min:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-26-april-h1.jpg


Posted by okl at 7:39 PM 0 comments
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Euro retreats for a short holiday ?
As mentioned in the previous post, if 1.2440 hold , euro probably going for a short holiday at 1.2330 level.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-26-april-h4.jpg


Posted by okl at 12:24 PM 6 comments
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Tuesday, April 25, 2006AUDUSD -3 Little Indians
Schiff Median Line on 240min chart looks no pattern to trade, maybe we can zoom into 30m. You spot 3 little indians and went long and pocket some nice profits.

Look Normal:
http://photos1.blogger.com/blogger/1795/511/400/audusd-looknormal.0.jpg
Now you see it:
http://photos1.blogger.com/blogger/1795/511/400/audusd-now-you-see-it.jpg


Posted by okl at 4:50 PM 0 comments
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EURJPY - Time Measurement
Well if you have this book "Precision Trading With Stevenson Price and Time Targets" by J. R. Stevenson please let me know.

http://photos1.blogger.com/blogger/1795/511/400/eurjpy-25-april-h4.jpg


Posted by okl at 4:10 PM 0 comments
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Sunday, April 23, 2006Euro walking into sell zone ?
http://photos1.blogger.com/blogger/1795/511/400/eurusd-24-april-h4.jpg
Shall see how price reacts in the 1.2400-1.2440 sell zone in the coming new trading week.


Posted by okl at 6:53 PM 1 comments
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Saturday, April 22, 2006History's Hidden Engine - Applying Elliott Forecasting
History's Hidden Engine

CHAPTER INDEX

1. Fashion, Movies
2. Music, Elliott
3. Applying Elliott Forecasting
4. Hypothesis Applied
5. Spiral/Fibonacci, Herding
6. The Big Picture


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Friday, April 21, 2006Triple Crown Zone
Below chart shows the example of Triple Crown method mentioned by Derrik Hobbs in his book Fibonacci For The Active Trader (out of print)

http://photos1.blogger.com/blogger/1795/511/400/eurusd-3drives-tcz.2.jpg

Chart Update on 25th April:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-3drives-tcz.3.jpg


Posted by okl at 10:54 PM 1 comments
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My First Live call
Sell USD/CHF, Buy Pound and Euro. 23:20 EST, Asian session.
Double Top formed on swissy, pound and euro show RSI divergence signal on 1 hr.

USD/CHF:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-21-april-h4.jpg
GBP/USD:
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-21-april-h4.0.jpg
EUR/USD:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-21-april-h4.0.jpg


Posted by okl at 11:21 AM 2 comments
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Thursday, April 20, 2006Map the frequency
This is part of Andrew Pitchforks/Median Lines technique, sliding parallel.
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-20-april-h4.jpg
Notice both sliding lines are the same distance from lower and upper MLH.

And looking at below USD/CHF chart, they both found a resting line at the same time!
http://photos1.blogger.com/blogger/1795/511/400/usdchf-20-april-h4.jpg


Posted by okl at 11:46 AM 0 comments
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USD/CHF - Continue to unfold
http://photos1.blogger.com/blogger/1795/511/400/usdchf-19-april-h4.1.jpg
15m:
http://photos1.blogger.com/blogger/1795/511/320/usdchf-19-april-15m.jpg
(1)Strong US CPI data but everyone is selling dollar since monday, oil up, gold up. That re-test gave us a chance to go short at better price!

(2)2nd re-test of the lower yellow MLH and inside sliding parallel

(3)Intuition, i have seen such pattern many times.

Conclusion: Understand the market condition would help you to unfold the price using Median Lines.


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Newer Posts Older Posts Home

[ 本帖最后由 hefeiddd 于 2008-4-18 06:18 编辑 ]

hefeiddd 发表于 2008-4-16 19:09

Wednesday, April 19, 2006USD/CHF - Chart update
Follow up of the previous chart. Nice test and re-test of the upper magenta MLH
http://photos1.blogger.com/blogger/1795/511/400/usdchf-19-april-h4.0.jpg


Posted by okl at 7:53 AM 0 comments
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Tuesday, April 18, 2006Euro - Target hit
As mentioned in the previous post here is the updated chart.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-18-april-h4.jpg
160-200pips easily.


Posted by okl at 4:16 AM 3 comments
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Monday, April 17, 2006I found My Pyramid
When price, pattern and ratio coincide, change is inevitable.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-geometry-harmonic-ratio.2.jpg


Posted by okl at 12:35 PM 3 comments
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EUR/USD - Monday Asian session
As mentioned in the previous post, euro climbing up higher on the early asian session.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-17-april-h4.1.jpg
Where is the target ?
http://photos1.blogger.com/blogger/1795/511/400/eurusd-17-april-h4-2.0.jpg


Posted by okl at 8:22 AM 0 comments
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Friday, April 14, 2006RSI - Spot the turning point!
Last post before the weekend...

Read this:
One of my favourite indicators that I use to spot the turning point!

Watch Your Portfolio Grow: Relative Strength Index: A Powerful Means to Locating Trading Setups

And remember to go Long on EUR/USD next week!

Happy Good Friday.


Posted by okl at 8:06 AM 8 comments
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USD/CHF - Simple ML Concept
http://photos1.blogger.com/blogger/1795/511/400/usdchf-14-april-h4.0.jpg
With RSI as confirmation:
http://photos1.blogger.com/blogger/1795/511/400/usdchf-14-april-h4%20rsi.jpg

It remind me of Mind Map.


Posted by okl at 4:08 AM 0 comments
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GBP/USD - Channel bounding addon
Addon to this previous post
Trigger line and sliding parallel:

http://photos1.blogger.com/blogger/1795/511/400/gbpusd-schiff-ml.1.jpg

Measured warning line transferment:
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-schiff-ml-measured%20line.0.jpg


Posted by okl at 2:40 AM 0 comments
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Thursday, April 13, 2006EUR/USD - .382 failure ?
http://photos1.blogger.com/blogger/1795/511/400/eurusd-13-april-h4.jpgTomorrow's Economic Release on US Retail Sales:
Consensus: 0.4%
Previous: -1.4%

Good hint that price will drop further on tomorrow if .382 resistance hold.


Posted by okl at 5:20 AM 0 comments
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Wednesday, April 12, 2006GBP/USD - Channel bounding!
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-12-april-h4.jpg
On 4 hr GBP/USD chart, price bounding on the top red line resistance and bottom red line support. Schiff Medianline, RSI and fib levels came into the play. Look for buy at the lower pink downslope MLH and another at the upslope MLH.


Posted by okl at 7:56 PM 0 comments
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EUR/USD - Chart Analysis Part 4
Part 4: Wolfe Wave on 4hr chart.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-4hr-part4.jpg


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Tuesday, April 11, 2006EUR/USD - Chart Analysis Part 3
Part 3: 4hr chart, Butterfly pattern within Schiff Median Line upper MLH

http://photos1.blogger.com/blogger/1795/511/400/ml%20butterfly.jpg


Posted by okl at 7:34 PM 0 comments
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EUR/USD - Chart Analysis Part 2
Part 2: 4 hr chart, look for AB=CD pattern.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-4hr-part2.jpg
Forecast D was at 1.27 fib level. Price was pushed up to 1.2330 but RSI remained flat.


Posted by okl at 6:44 PM 0 comments
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Sunday, April 09, 2006EUR/USD - Chart Analysis Part 1
Here is the promised part 1 of 4, chart analysis of this trade

Part 1: The big picture, eur/usd daily chart.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-daily-part1.0.jpg


Posted by okl at 11:01 PM 0 comments
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Saturday, April 08, 2006EUR/USD - Sell Euro on Tomorrow Again Review
http://photos1.blogger.com/blogger/1795/511/400/eurusd-07-april-h4.0.jpg
Do you see what I see? I will examining parts by parts next week and share with you what i see.


Posted by okl at 11:34 PM 1 comments
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Friday, April 07, 2006Brand New Book: Elliott Wave Principle
http://www.elliottwave.com/images/books/ewp/cover.jpg

Elliott Wave Principle
by Robert R. Prechter, Jr.& A.J. Frost

Read the Book that Forecasted the LIFT-OFF of a Great Bull Market!

Remember when the Dow was at 790? If so, you’re remembering a date over 20 years ago. As the Dow was scraping bottom in late 1978, Robert Prechter and A. J. Frost resurrected an investment method that was spiraling into obscurity.

When Prechter and Frost released Elliott Wave Principle, reviewers immediately hailed it "the definitive textbook on the Wave Principle." But the book was more than that. In one of the most incredibly accurate predictions in financial history, it also forecasted the lift-off of the greatest bull market in the twentieth century.

Fast forward to today.

Elliott Wave International is proud to present the 10th edition of this investment classic. This edition is designed to delight the Elliott Wave novice, as well as the veteran. Enjoy these essential writings of the book, including:

1.) The basic tenets of wave theory: Simple explanations of the terms, and how to identify all 13 waves that can occur in market price movements.

2.) The rules and guidelines of wave analysis: Basics of counting waves, how to recognize the "right look" of a wave, plus lots of simple steps for applying the rules.

3.) The scientific background of the Wave Principle: How you can see it in nature and the universe, in art and mathematics, even in the shape of the human body.

4.) Long term waves: How the Wave Principle unlocks human history, from the fall of the Roman Empire through the Middle Ages into the financial upheavals of the 20th Century.

Contact



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Thursday, April 06, 2006EUR/USD - Sell Euro on Tomorrow Again, 1st Update
http://photos1.blogger.com/blogger/1795/511/400/eurusd-06-april-h4.jpg
There you go......precise time !


Posted by okl at 10:57 PM 0 comments
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Wednesday, April 05, 2006Sell Euro Tomorrow Again?
http://photos1.blogger.com/blogger/1795/511/400/eurusd-05-april-h4.0.jpg
Pattern, Fibo , Time


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Tuesday, April 04, 2006What is Spectulating
Spectulating is to be Observant.
Interview Larry Williams


Posted by okl at 8:51 PM 0 comments
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EUR/USD - Sell Euro on Tomorrow Review
4hr chart:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-04-april-h4.jpg
0.786 from XA wasnt accurate as price exceeded it, and i noticed 0.886 is more precise.

1hr chart:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-04-april-h1.jpg
Notice from D, a AB=CD pattern was developed before the price swing upward.


Posted by okl at 1:45 AM 0 comments
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[ 本帖最后由 hefeiddd 于 2008-4-18 06:19 编辑 ]

hefeiddd 发表于 2008-4-16 19:10

Friday, March 31, 2006EUR/USD - Sell Euro on Tomorrow Cont...
http://photos1.blogger.com/blogger/1795/511/400/eurusd-31march06.1.jpg
Hourly timeframe update.


Posted by okl at 5:16 PM 0 comments
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Thursday, March 30, 2006EUR/USD - Sell Euro on Tomorrow ?
http://photos1.blogger.com/blogger/1795/511/400/eurusd-30march06.jpg


Posted by okl at 7:59 PM 5 comments
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Wednesday, March 29, 2006EUR/USD - Gartley 222 Part 2
http://photos1.blogger.com/blogger/1795/511/400/eurusd-29march06.1.jpg
100 pips up in the London session and 100 points drop after FOMC interest rate increased 0.25%


Posted by okl at 3:39 PM 2 comments
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EUR/USD - Gartley 222
http://photos1.blogger.com/blogger/1795/511/400/eurusd-29march06.0.jpg


Posted by okl at 2:12 AM 3 comments
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Saturday, March 25, 2006EUR/USD - Pattern Pattern Pattern
http://photos1.blogger.com/blogger/1795/511/400/eurusd-25march06.jpg


Posted by okl at 11:19 PM 0 comments
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Wednesday, March 22, 2006The Truths of Trading
You Must See The Truths Of Trading For Yourself

Trading is a very competitive business. For an individual to succeed in this simple - but oh so diabolically difficult - game, he or she must be an independent thinker. You cannot be a weak-minded conformist choosing whom to pay attention to solely on the basis of record and reputation. Ultimately, you must see the truths of trading for yourself.

F.H. "Chick" Goslin


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Tuesday, March 21, 2006Geometry+Fibo Ratios
http://photos1.blogger.com/blogger/1795/511/400/eurusd-21march.jpg


Posted by okl at 2:24 AM 0 comments
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Wednesday, March 15, 2006EUR/USD 4 hr - Gartley pattern
SELL EURO
http://photos1.blogger.com/blogger/1795/511/400/eurusd-15-mar-4hr.jpg

Update : AB!= CD, thats why sell euro failed to take off.


Posted by okl at 9:11 PM 7 comments
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Monday, March 13, 2006Jesse Livermore’s 5 money management rules.
1) Don’t lose money.
Don’t lose your stake. A speculator without cash is like a store-owner with no inventory. Cash is your inventory, your lifeline, and your best friend. Without cash, you are out of business. Don’t lose your line. There is no place in speculating for hoping, for guessing, for fear, for greed, for emotions. The tape tells the truth.

2) Always establish a stop.
A successful speculator must set a firm stop before making a trade and must never sustain a loss of more than 10 percent of invested capital. I have also learned that when your broker calls you and tells you he needs more money for a margin requirement on a stock that is declining, tell him to sell out the position. When you buy a stock at 50 and it goes to 45, do not buy more in order to average out your price. The stock has not done what you predicted; that is enough of an indication that your judgment was wrong. Take your losses quickly and get out. Remember, never meet a margin call, and never average losses. Many times I would close out a position before suffering a 10 percent loss. I did this simply because the stock was not acting right from the start. Often my instincts would whisper to me: “J.L., this stock has a malaise, it is a lagging dullard. It just does not feel right,” and I would sell out of my position in the blink of an eye. I absolutely believe that price movement patterns are repeated and appear over and over with slight variations. This is because humans drive the stocks, and human nature never changes. Take your losses quickly. Easy to say, but hard to do.

3) Keep cash in reserve.
The successful speculator must always have cash in reserve…for exactly the right moment. There is a never-ending stream of opportunities in the stock market and, if you miss a good opportunity, wait a little while, be patient, and another one will come along. Don’t reach for a trade, all the conditions for a good trade must be on your side. Remember, you do not have to be in the market all the time. The desire to always be in the game is one of the speculator’s greatest hazards. When playing the stock market, there are times when your money should be waiting on the sidelines in cash…waiting to come into play. Time is not money – time is time, and money is money. Often money that is just sitting can later be moved into the right situation at the right time and make a fast fortune. Patience is the key to success, not speed. Time is a cunning speculator’s best friend if it is used wisely.

4) Let the position ride.
As long as the stock is behaving normally, do not be in a hurry to take a profit. You must know you are right in your basic judgment, or you would have no profit at all. If there is nothing basically negative, then let it ride. It may grow into a very large profit. As long as the action of the overall market and the stock do not give you cause to worry, have the courage of your convictions, and stay with it. When I was in a profit on a trade, I was never nervous. Of course the opposite is true as well. If I bought a stock and it went against me I would sell it immediately. You can’t stop and try to figure out why a stock is going in the wrong direction. The fact is that it is going i n the wrong direction, and that is enough evidence for an experienced speculator to close the trade. I do not and never have blindly bought and held a stock. To buy and hold blindly on the basis that a stock is in great company or a strong industry, or that the economy is generally healthy, is, to me the equivalent of stock market suicide. Stick with the winners. Let them ride until you have a clear reason to sell.

5) Take the profits in cash.
I recommend parking 50 percent of the profits from a successful trade, especially when the trade doubled the original capital. Set the money aside, put it in the bank, hold it in reserve, or lock it up in a safe-deposit box. Like winning in the casino, it’s a good idea, now and then to take your winnings off the table and turn them into cash….the single largest regret I have ever had in my financial life was not paying enough attention to this rule.


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Saturday, March 11, 2006EUR/USD 1 hr - Tracking Fibo 9
After NFP data
http://photos1.blogger.com/blogger/1795/511/400/eurusd-11-mar-1hr.1.jpg


Posted by okl at 2:12 AM 2 comments
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Friday, March 10, 2006EUR/USD 1 hr - Tracking Fibo 8
Chart before NFP

http://photos1.blogger.com/blogger/1795/511/400/eurusd-10-mar-1hr.jpg


Posted by okl at 4:19 PM 0 comments
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Thursday, March 09, 2006EUR/USD 1 hr - Tracking Fibo 7
http://photos1.blogger.com/blogger/1795/511/400/eurusd-9-mar-1hr.jpg

How many patterns have you noticed from chart 1? Anyone?


Posted by okl at 2:20 AM 1 comments
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Tuesday, March 07, 2006EUR/USD 1 hr - Tracking Fibo 6.1
http://photos1.blogger.com/blogger/1795/511/400/eurusd-7.2-mar-1hr.jpg
This chart shown the price plunged lower from yesterday US session. Do you saw the pattern ?


Posted by okl at 5:33 PM 1 comments
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EUR/USD 1 hr - Tracking Fibo 6
http://photos1.blogger.com/blogger/1795/511/400/eurusd-7-mar-1hr.jpg


Posted by okl at 1:18 AM 0 comments
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Thursday, March 02, 2006EUR/USD 1 hr - Tracking Fibo 5
http://photos1.blogger.com/blogger/1795/511/400/eurusd-1-mar-1hr.jpg


Posted by okl at 2:19 AM 0 comments
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Tuesday, February 28, 2006EUR/USD 1 hr - Tracking Fibo 4
http://photos1.blogger.com/blogger/1795/511/400/eurusd-28-feb-1hr.jpg
Okie, where is the sell point this round, at Which fibo level?


Posted by okl at 11:04 PM 0 comments
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Saturday, February 25, 2006EUR/USD 1 hr - Tracking Fibo 3
The buy at H point didnt take off, here is the update of the chart.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-25-feb-1hr.jpg


Posted by okl at 4:22 PM 2 comments
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Friday, February 24, 2006EUR/USD 1 hr - Tracking Fibo 3
http://photos1.blogger.com/blogger/1795/511/400/eurusd-24-feb-1hr.jpg

Price making higher and higher lows, time to buy.


Posted by okl at 5:11 PM 0 comments
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Thursday, February 23, 2006EUR/USD 1 hr - Tracking Fibo 2
http://photos1.blogger.com/blogger/1795/511/400/eurusd-1hr.3.jpg


Posted by okl at 11:20 PM 0 comments
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Wednesday, February 22, 2006Eur/USD Hourly - Tracking the Fibo
http://photos1.blogger.com/blogger/1795/511/400/eurusd-1hr.jpg


Posted by okl at 12:14 AM 0 comments
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[ 本帖最后由 hefeiddd 于 2008-4-18 06:21 编辑 ]

hefeiddd 发表于 2008-4-16 19:10

Thursday, February 09, 2006EUR/USD Monthly
http://photos1.blogger.com/blogger/1795/511/400/eurusd-monthly.jpg

Look for buy at near C, high R:R


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Thursday, February 02, 2006What is PRICE PATTERN
http://photos1.blogger.com/blogger/1795/511/400/eurjpy-daily.jpg

If you can understand it very well.....i think you can be a consistent winner.


Posted by okl at 7:07 PM 2 comments
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Friday, January 27, 2006Different between a winner and a loser
A winner is simply willing do what a loser wont.

CUT LOSSES


Posted by okl at 2:55 PM 2 comments
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Wednesday, January 18, 2006Aud/Usd Daily Chart
http://photos1.blogger.com/blogger/1795/511/400/audusd-daily.0.jpg

Hi guys, I'm back! Here is a Aud/Usd Median Line chart i drawn sometime back in Nov 2005.


Posted by okl at 4:11 PM 4 comments
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Friday, December 30, 2005HAPPY NEW YEAR
WISH EVERYONE HAS A HAPPY NEW YEAR


Posted by okl at 6:44 PM 0 comments
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Saturday, December 10, 2005Managing Oneself
Knowing how to manage the trade is important, but dont forget the person too...

Managing Oneself by Peter Drucker


Posted by okl at 12:27 AM 0 comments
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Friday, December 09, 2005GBP/JPY - Pattern #2
http://photos1.blogger.com/blogger/1795/511/400/gbpjpy-h1-pattern2.jpg

AB = CD in time & price.

Sorry for lack of update, been busy with personal stuff.


Posted by okl at 12:46 AM 9 comments
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Saturday, December 03, 2005Median-Median line
http://photos1.blogger.com/blogger/1795/511/400/image022.0.gif
Using medians in fitting lines to data provide resistance to outliers, and thus the line fitting technique ... is called the resistant line.

Source from : Dr. David C. Royster


Posted by okl at 11:57 PM 2 comments
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Thursday, December 01, 2005Controlled Risk Management
http://photos1.blogger.com/blogger/1795/511/400/controlled_risk_mngt.jpg


Posted by okl at 12:21 AM 0 comments
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Saturday, November 26, 2005Eur/Jpy - Pattern 1
http://photos1.blogger.com/blogger/1795/511/400/eurjpy-30m-pattern1.jpg
CD should be = AB in time and price, also the fibo levels is not precise. But the bearish candle at point D should give a good hint where the point of reverse is. Nothing is perfect in this world.


Posted by okl at 3:05 AM 0 comments
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Wednesday, November 23, 2005Eur/Usd Potential Confluence
http://photos1.blogger.com/blogger/1795/511/400/eurusd-h4-23nov.1.jpg
Confluence area to watch


Posted by okl at 5:36 PM 2 comments
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Saturday, November 19, 2005Median Lines Presentation slides
I like to use Schiff Line on cash FX, it seem to always describe the price better.

http://photos1.blogger.com/blogger/1795/511/400/eurusd-h4-schiff.0.jpg

Here is a powerpoint slides presentation by Tim Morge on Median Lines. If you still confuse what is Median Lines technique, this presentation will give you a better picture now!Trading CME Currency Futures Using Market Maps-by Tim Morge

Also my 2nd hand copy of "Trading With The Median Lines" is still looking for new owner.



Posted by okl at 5:13 PM 4 comments
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Tuesday, November 15, 2005Currency Pair Ranges
http://photos1.blogger.com/blogger/1795/511/400/fx-ranges.jpg


Posted by okl at 6:13 PM 2 comments
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Eur/Usd - Pattern 6
I thought was Gartley 222, it turned out to be pattern 6.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-pattern6-30m.jpg

Fake Gartley 222.
http://photos1.blogger.com/blogger/1795/511/400/eurusd-15m-gartley.jpg


Posted by okl at 3:38 AM 0 comments
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Saturday, November 12, 2005WCCI - M - W formation
Within a big M there is a small W.
http://photos1.blogger.com/blogger/1795/511/400/wcci-w.0.jpg

The Golden Ratio
http://photos1.blogger.com/blogger/1795/511/400/wcci-fibo.jpg

Market Closed:
http://photos1.blogger.com/blogger/1795/511/400/market-closed.jpg

This is Art + Science !


Posted by okl at 5:22 PM 2 comments
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Thursday, November 10, 2005GBP/USD - Chart Update
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-10nov-1h-ml-update.gif

No potential trade in Eur/Usd. But Gbp/Usd worked out very nice. Hope you guys caught on this.

*Update*
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-10nov-1h-ml-update.jpg


Posted by okl at 11:04 PM 8 comments
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Eur/Usd & GBP/Usd - Enery point
EUR/USD:
http://photos1.blogger.com/blogger/1795/511/400/eurusd-10nov-1h-ml.1.gif

GBP/USD:
http://photos1.blogger.com/blogger/1795/511/400/gbpusd-10nov-1h-ml.gif

Update again after mid NY session.


Posted by okl at 6:29 PM 2 comments
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Gartley+ Schiff Median Line
If you still remember the USD/JPY Gartley pattern I posted. I thought of Median Line.....and I get double confirmation on Point of Reverse!

http://photos1.blogger.com/blogger/1795/511/400/usdjpy-09-nov-butterfly%20ml.gif


Posted by okl at 6:07 AM 6 comments
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Finally I have my first profit.
Started out in May 30 till today, nearly 6 months into the world of currencies trading. As a newbie, I am proud to say that I have survived without incurring any big loss. How I achieved it? It is the 3Ps.

Preserve - Keep your money, dont lose all. If you hit 30% total loss, stop trading.

Patient - Dont jump into trade and dont chase after the market.

Persistent - Dont give up, master a method and stick to it!


Statement Period: from May 30, 2005 5:00:00 PM through Nov 9, 2005 11:54:00 AM

November 2005
http://photos1.blogger.com/blogger/1795/511/400/accountstatement-nov.jpg

October 2005
http://photos1.blogger.com/blogger/1795/511/400/acountsummary-oct.gif

June 2005
http://photos1.blogger.com/blogger/1795/511/400/acountsummary-june.gif

"Take care of your losses and the profits will take care of themselves." —A.B.H.


Posted by okl at 12:55 AM 0 comments
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Wednesday, November 09, 2005Price Patterns - Part 3 continue....
http://photos1.blogger.com/blogger/1795/511/400/usdjpy-09-nov-butterfly%20divergence.gif
First target .618 hit and price reverse. Very Precise!

*Correction*
It should be Gartley pattern not Butterfly.


Posted by okl at 8:40 PM 0 comments
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[ 本帖最后由 hefeiddd 于 2008-4-18 06:22 编辑 ]

hefeiddd 发表于 2008-4-16 19:11

Wednesday, November 09, 2005Price Patterns - Part 3
Gartley pattern formed on 4hr chart.
http://photos1.blogger.com/blogger/1795/511/400/usdjpy-09-nov-butterfly-h4.gif
Look for entry on WCCI, 1hr chart.
http://photos1.blogger.com/blogger/1795/511/400/usdjpy-09-nov-butterfly-h1%20wcci.gif

Here is a quote from the book:

When several of my close friends reviewed this book for me they suggested that I omit the Butterfly pattern. I already knew my response to the suggestion. I firmly believe that you can give the trading public the Holy Grail and they still won't grasp the principle. The reasons for this are probably related to a general level of skepticism and inability to actually do the work involved. This pattern is far removed from any Holy Grail. Find a few on your own and make your own judgement. I know you will find the time well spent.

"Fibonacci Ratios with Pattern Recognition" by Larry Pesavento.


Posted by okl at 4:57 PM 3 comments
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Elliott Wave +Wolfe Wave
http://photos1.blogger.com/blogger/1795/511/400/eur-09-nov-h4-ww-ew.gif

Elliott Wave numbers and lines in magenta, Wolfe Wave numbers in yellow, lines in blue. Now let us see which wave theory work out as forecast.

Update:
Wolfe Wave pattern invalid, point 1-3-5 must be in lined.


Posted by okl at 2:51 AM 3 comments
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What is market ?
Here is a quote from Iris on reply to my question.

I have Researched extensively and in depth over the Years Dow Theory/EW Theory/Gann Theory and many variations of them as well as the golden Ratio of the PHI/Fibonacci structure along with Quantum Mechanics/Physics with advanced Algebraic Geometry/Fractal Symmetry as well as many other proven Universal Mathmatical Formulas that define in innovative ways Fundamental/Technical Analysis that can be applied to the Market and bound in the importance of the right Mind Psychology for those that have an interest in the application of them. The Market is a Mathmatical/Psycholigical environment...Research and develop that Theory.

As all Advanced Market Theory is a mixture of the above Theories and can be used in synchronicity or seperately for which I have combined into my own Strategy...based in Curvo-Linear Circular Time/Price.

A sort of Irisonian Theory.

I think it take to to be a scientist to understand all those. Well I think we would just prefer to draw some simple trendlines and it work pretty well too right!


Posted by okl at 1:49 AM 2 comments
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Monday, November 07, 2005Price Patterns - Part 2
http://photos1.blogger.com/blogger/1795/511/400/wolfewave.gif
Wolfe Wave pattern developed on 4hr chart.

1. Number 2 wave is a top.

2. Number 3 wave is the bottom of a first decline.

3. Number 1 wave is the bottom prior to wave 2 (top). Point 3 must be lower than point 1.

4. Number 4 wave is the top of wave 3. The wave 4 point should be higher than the wave 1 bottom.

5. A trend line is drawn from point 1 to point 3. The extension of this line projects to the anticipated reversal point which we will call wave 5. this is the entry point for a ride to the epa line (1 to 4).

6. The Estimated Price at Arrival (EPA) is the trend line drawn from points 1 to 4. This projects the anticipated price objective. Our initial stop is placed just beneath the newly formed reversal at point 5. It can then be quickly moved to breakeven.


Posted by okl at 6:52 PM 0 comments
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Price Patterns - Part 1
http://photos1.blogger.com/blogger/1795/511/400/patterns.0.gif

I will introduce a series of technical analysis on price patterns. A chart is worth than a thousand words.


Posted by okl at 12:28 AM 0 comments
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Sunday, November 06, 2005What is this!
Went short at 1.1963 on last friday NFP. And hide my stop at 1.2055 after price was trading at 1.2030-40 range. Before it plunged down to 1.1900, i was stopped out! That was about USD$1500 profit after price was trading at 1.1800-20 range! I swear to change my broker once I able to withdrawal my fund!

Now lets look at 3 different charting platforum quotes. VTS, MT4 and my bankrupting broker RefcoFX.

RefcoFX:
http://photos1.blogger.com/blogger/1795/511/400/refcofx.gif

VTS:
http://photos1.blogger.com/blogger/1795/511/400/vts.gif

MT4:
http://photos1.blogger.com/blogger/1795/511/400/mt.gif


Posted by okl at 9:00 PM 0 comments
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Saturday, November 05, 2005Sliding parallel - Part 4
http://photos1.blogger.com/blogger/1795/511/400/sliding%20parallel.gif

http://photos1.blogger.com/blogger/1795/511/400/slidingparallel2.gif
Price found a place to rest....


Posted by okl at 1:14 AM 0 comments
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Friday, November 04, 200504 Nov - Market Pre-open Chart
Set 1
http://photos1.blogger.com/blogger/1795/511/400/eur-04nov-set1.gif
Set 2
http://photos1.blogger.com/blogger/1795/511/400/eur-04nov-set2.0.gif

NFP data release today, not sure how it play out.
9:30pm USA Employment Change (nonfarm) 110K -35K


Posted by okl at 6:07 PM

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Sliding parallel - Part 3
http://photos1.blogger.com/blogger/1795/511/400/eur-13nov.gif

Continue from previous post...

3 reasons to go short.

1.Before NY session open double top spike occured.

2.Andrew tell us that if price didnt make to the upslope pink ML, so there was a hint of strong downward force and probably going below lower MLH

3.CCI divergence on 15m chart.

So I decided to go short at 1.2067 and hide my stop loss at the top of the
spike candle.


Posted by okl at 12:03 AM 0 comments
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Thursday, November 03, 2005Sliding parallel - Part 2
From yesterday chart, the sliding parallel clearly been broken. But look like have a double spike attempted to break 1.2085 and closed lower.
http://photos1.blogger.com/blogger/1795/511/400/eur4.gif

WCCI 15m chart shown flat?
http://photos1.blogger.com/blogger/1795/511/400/eur4-wcci.gif


Posted by okl at 7:00 PM 0 comments
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Sliding Parallel
http://photos1.blogger.com/blogger/1795/511/400/eur3.0.gif
Look at how reliable is the sliding parallel (magenta dotted line. Now we going to see how price react on the orange red sliding parallel....

Sliding parallel is part of the ML technique.


Posted by okl at 1:23 AM 0 comments
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Quick Scalp
http://photos1.blogger.com/blogger/1795/511/400/eur3.gif

http://photos1.blogger.com/blogger/1795/511/400/profit.gif


Posted by okl at 12:13 AM 0 comments
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Wednesday, November 02, 2005Buy Support, Sell Resistance ?
Price touched 61.8%. Near upper MLH. Double top formed. Previous support became resistance.
http://photos1.blogger.com/blogger/1795/511/400/ml-eur-1hr-2-nov.gif

http://photos1.blogger.com/blogger/1795/511/400/ml-eur-1hr-2-nov-2.0.gif
Best served with WCCI for confirmation!


Posted by okl at 4:38 PM 0 comments
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Tuesday, November 01, 2005Confluence Area
http://photos1.blogger.com/blogger/1795/511/400/ml-eur-1hr-1-nov.gif

I re-drawn the previous chart, added in the purple ML. And found a good confluence point. Price met resistance at Fibo 38.2% where the upper MLH is.


Posted by okl at 6:20 PM 0 comments
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EUR/USD 31st Oct
http://photos1.blogger.com/blogger/1795/511/400/ml-eur-1hr-31-oct.1.gif

This is the set of Median Lines that I drawn last week. And the orange color lower MLH has been tested.


Posted by okl at 12:44 AM 0 comments
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Thursday, October 27, 2005WCCI - Divergence Not Again!
GBP/USD
http://photos1.blogger.com/blogger/1795/511/400/wcci-divergence-15m-gbp-1.gif

http://photos1.blogger.com/blogger/1795/511/400/wcci-divergence-30m-27-oct.gif


EUR/USD
http://photos1.blogger.com/blogger/1795/511/400/wcci-divergence-15m-eur-1.gif

http://photos1.blogger.com/blogger/1795/511/400/wcci-divergence-1hr.gif

EUR and GBP divergence occured about at the same time. Yield at least 30pips and tight stop loss can be placed at the low of the previous candle as the chances of price reverse is low. Good risk/reward ratio, very good setup!

Scan for such setup on 15m, 30m and 1hr timeframe. But i think you have to glue at the screen for 24hrs a day to wait for it....maybe come out with time filter.


Posted by okl at 4:29 PM 0 comments
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WCCI - Divergence
http://photos1.blogger.com/blogger/1795/511/400/wcci-divergence-30m.gif
Both cross above the -100, high probability setup.


Posted by okl at 2:30 AM 0 comments
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Sunday, October 23, 20050-4 Pivot Count Method
http://photos1.blogger.com/blogger/1795/511/400/eurusd-1hr-pivotcount1.gif


Price test the median line 80% of the time which both occured at P5!


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Friday, October 21, 2005Trading with Median Lines - Book for sale
Hi guys,

I do no need this book anymore. Have imparted all the knowledge into my head....selling off to get Elliott Wave and few other books....thinking of EW combines with ML. Elliott Wave With Median Lines

I strongly recommend this book if you want to get into this Andrew Pitchforks technique. Check out www.medianline.com if you want know more about this technique.

Book Details:http://www.mapthemarkets.com/forumorder.html
Condition: Just like new, except some minor stain on blank back cover.
Paper quality of the book is excellent, quite thick! Not those thin cheap paper!
90% of the pages are color illustrated charts with step by step explanation!
Sell off at USD$90. (original price USD$169.99)
Payment : Paypal
email: ongkokleong-at-gmail.com

Come with free ebook:
The Best Trendline Methods of Alan Andrews and Five New Trendline Techniques By Patrick Mikula

SFO Magazine Article:
SFO-Trading with Median Lines by Tim Morge.pdf

More examples here

Live trading with audio+chart with Tim Morge(the book author). If you are interested to learn more about Median Lines technique, join us daily at 10am CST.

www.omNovia.com/sc/spiketrading/demo
Password: 1235


Today Trade Setup Example:
Before:
http://photos1.blogger.com/blogger/1795/511/400/eurofx-15m.gif
After:
http://photos1.blogger.com/blogger/1795/511/400/eurofx-15m-close.gif


Posted by okl at 4:59 PM 0 comments
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Thursday, October 20, 2005Elliott Wave + Woodies CCI
http://photos1.blogger.com/blogger/1795/511/400/ew%20wcci.gif

Magpie, thanks, hope i can get back my money soon. Few days ago the sales rep. said this to me "Dont worry!! Business as usual!!" then i got a email on monday from them "Sorry......you cant get your money NOW until further notice!" Never trust those sales people! Anyway I still can trade on my account but hopefully I can pull out from RefcoFX soon!

Okie...I'm into Elliott Wave, and see how I use Woodies CCI acts as confirmation on end of wave 2 and wave 4. And see we got ZLR pattern!


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Newer Posts Older Posts Home

[ 本帖最后由 hefeiddd 于 2008-4-18 06:24 编辑 ]

hefeiddd 发表于 2008-4-16 19:12

Wednesday, October 19, 2005NOW I cant withdrawal my $$$!
Dear Customer,

RefcoFX Associates LLC (RefcoFX) and Refco Capital Markets LLC (RCM) is formally operating under Chapter 11 bankruptcy protection, as of October 17/18, 2005.

The Refco Group has instructed RefcoFX Associates and RCM to delay payments to RefcoFX and RCM accounts until they sort out banking and internal matters.

Efforts are being made by Refco to raise capital in order to re-pay creditors and to meet obligations. Current information indicates there are numerous potential purchasers who are interested in buying the futures division and other entities of the Refco Group. Refco anticipates that the proceeds will help expedite the repayment of customer funds to RefcoFX Associates LLC (RefcoFX) and Refco Capital Markets LLC (RCM) and that any freeze of client funds/accounts is temporary. Please note that the process that has begun will last weeks or months, and not hours or days.

The Refco board of directors, as well as attorneys and regulators, are working diligently in consummating a deal, and Refco believes that new ownership will restore clients and business activity back to normal. As per news releases, it appears that an agreement with bidders is imminent.

Until RefcoFX and RCM has additional information with regard to the situation surrounding the Refco Group of companies, RefcoFX and RCM cannot make further comments or statements based on current events or headlines. As soon as we receive further information from Refco Group, RefcoFX and RCM will update all customers on any course of action to be taken.

In the meantime our customer representatives will be happy to assist you with any existing account questions or trade related inquiries. Please feel free to contact the friendly and professional RefcoFX and RCM staff via e-mail at infoasia@refcofx.com or telephone at 1-646-432-2890.

Sincerely,



RefcoFX and RCM Staff


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Tuesday, October 18, 2005Median Lines Web Seminar
http://photos1.blogger.com/blogger/1795/511/400/ml-webniar.gif

We had a live audio+chart web seminar with Tim Morge today. If you are interested to learn more about Median Lines technique, join us again tomorrow at 9am CST.

www.omNovia.com/sc/spiketrading/demo
Password: 1235


Posted by okl at 2:53 AM 0 comments
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Monday, October 17, 2005Median Line chart - part 2
http://photos1.blogger.com/blogger/1795/511/400/euro-17-oct-05-2.gif

Here is the continous chart from last friday showing today asian and london session...


Posted by okl at 5:25 PM 0 comments
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Saturday, October 15, 2005The Median Lines
http://photos1.blogger.com/blogger/1795/511/400/euro-15-oct-05.gif

Awesome technique!
www.medianline.com
www.trading-naked.com/AndrewsPitchfork.htm


Posted by okl at 2:27 PM 0 comments
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Thursday, October 13, 2005Classic Technical Analysis
4hrs
http://photos1.blogger.com/blogger/1795/511/400/eur-12%20oct.gif

15mins
http://photos1.blogger.com/blogger/1795/511/400/eur-12%20oct-15m.gif

Looking for breakout at the triangle formation.
Went short at 1.1960, TP at 1.1940.


Posted by okl at 9:04 PM 0 comments
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My thoughts
Getting 6 months into trading, just like any other newbies searching for the holy grail system or technique hunting.

And I came to this conclusion that every newbie who wants to get into trading should at least complete the classic TA course! Learn how to draw trendline, channel, support and resistance etc. Those are the foundation analysis tools!

After you have fully understand of the classic TA method then you may start to explore to other systems.

Recommended methods/readings:

Median Lines
Mechanical Discretion
Elliot Wave
Trade EUR/USD with Elliot Wave
Woodies CCI
DTAMF®


Posted by okl at 1:47 PM 0 comments
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Wednesday, October 12, 2005Trendline trade with WCCI
4hrs chart with trendline.
http://photos1.blogger.com/blogger/1795/511/400/cable-4hrs.gif

Zoom into hourly chart showing Divergence+HFE.
http://photos1.blogger.com/blogger/1795/511/400/div.gif


Posted by okl at 2:55 PM 0 comments
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Friday, October 07, 2005How to use WCCI
Hi guys,

I think it is very excellent points from saintain, it really clear up my mind!

Please read from the end.


saintan: trend (particulary the retrace of the trend).

saintan: filtering might mean: zlr doesnt describe any particular structure and simply has nothing to do with how market really acts or zlr is formation which doesnt include all elements to describe the...

saintan: so what do they do (woodie and his crew of cci`ers)? they filter, filter, filter.

saintan: but the truth is, apllying it simply as it stands would ruin your account quickly (especialy on fx market).

saintan: zlr is simple formation but its been said that this is what you should start from, its been said that using only zlr will gurantee you succes.

saintan: so you belive in a specific structure of a trend. breaking out of congestion, estabilishing move up/down, catching breath, and continuation after retrace.

saintan: hook is rejection of support - zero line of cci in this case.

saintan: how many things do we have here? you belive that market in trend catches breath, moves a bit back and reastiblish the trend again.

saintan: you have a trend, you have a pullback, you have a hook, you go in direction of trend.

saintan: what is zlr?

saintan: take for example ZLR

saintan: ofcourse many people will tell you its not true but its only because the miss the point of every regular trading method. the point = the meaning = theory behind it.

saintan: theory behing them is the same.

saintan: because those methods are simply similiar to each other.
saintan: and it really is not important which one you pick

saintan: regular methods like wcci are all about the same.

saintan: lets say you dont belive in predicting markets. which is for sure easier way and actually more popular - which is ok.

saintan: educating yourself shouldnt be chaotic, you should have clear aims of what you are looking for.

saintan: and it will be different depending on how you answerd the first question.

saintan: secondly: you pick the way and method of searching further.

saintan: I cant tell you what you should belive in, all im saying is its very important to know what you are beliving in.

saintan: from here it starts to build your image of what to look for.

saintan: 2) do you belive that markets are predictive and reasonable?

saintan: 1). do you belive that markets are chaotic and unpredictible?

saintan: first of all: you must distinguish who you are as a trader in sense of faith (it all comes down to faith in the beginning).

saintan: im not Jake from moneytec, i really dont post much but sometimes on boards. Understanding market is very subjective matter...


Posted by okl at 9:35 AM 5 comments
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Wednesday, October 05, 2005I need trading plan and rules
Got stopped out 2x today, from +10 pips profit turned into loss.

Plan and rules to draft:
(A) Timeframe
(B) Pair
(C) Stop-loss
(D) Trading Session
(E) Contract size

Pls give me some sugestions!



From ognils:

Here is what I have learned about the CCI in the past three months:

1. The CCI as Woodie teaches it is NOT the ‘Holy Grail’ and will not make you money on its own. Only your proper execution of the pattern or patterns of your choice will allow you to consistently take money out of the markets.

2. Woodie teaches several different CCI patterns, some ‘with trend’ and some ‘counter trend’. You DO NOT need to learn them all. Pick one and MASTER it. This one pattern will give you your statistical ‘edge’.

3. You MUST be able to enter into a trade, based on your choice of patterns, without hesitation and without FEAR. If you hesitate then your edge may be lost. Jumping on the ‘gravy train’ late is a sure way to stop the train.

4. The CCI provides excellent ‘Entries’ and ‘Exits’ for trades. However, it is only the extremely experienced traders that exit on CCI signals alone. DO NOT be afraid to take profits based on targets. This is good for your confidence, and as I can testify, keeps many trades as winners that I previously let turn into losers.

5. Woodie teaches us to use one timeframe for one market. Keeping track of multiple charts for multiple markets is confusing and requires experience to mange. You WILL miss trades by not being focused.

6. Woodie's chosen timeframes MAY NOT be synergistic with your personality. If this is the case then find a timeframe that synchs with you. Fast or slow, neither matter, the patterns are the patterns.

7. You ABSOLUTELY need to identify when the market is in ‘Chop’, i.e. moving within a narrow range with no obvious direction. These are the times that good traders lose money. Listen to the moderators in the chat room to ascertain clues and techniques to identify ‘choppy times’.

8. DO NOT rue missed trades. This is bad for you mental well being. If there is a strong move that has left you behind then look for the next signal that might get you in.

9. YOU MUST trade according to a set of rules. YOU MUST write them down. If they are not written down, then they don’t exist. You can change you rules as your trading evolves, but you must have something to mark yourself against.

10. DO NOT make up trades. If a big move has left you behind then you MUST ONLY jump on if your rules are met. Just because a move looks big, doesn’t mean that it will carry on.

11. ALWAYS assume that you are wrong and wait for the market to prove you correct. DO NOT assume that you are right and wait for the market to prove you wrong.

12. The BIGGEST lesson. ALWAYS trade with a ‘crash stop’. With a stop then your ‘gamble’ has a maximum downside and an unlimited upside.

13. If you trade real money before you are qualified to do so then you will lose your money. You will suffer severe mental anguish. If you happen to get lucky and make money, whilst trading in your ‘apprentice’ period then be prepared for even greater mental anguish when your ‘run’ comes to an end and you start behaving irrationally trying to ‘will’ the market to give up its treasures.

14. The moderators are there to help. Each and every one of them has their own unique style and trading technique. If they can do it then you can do it. They are no better than the rest of us, they are just more experienced and have learned their skills. You can learn too.


I’m sure there are plenty of other lessons to be learned. These are just the basics of what I have learned in three short months.

Happy learning, leave the trading until you honestly believe you are qualified.

http://woodiescciclub.com/forum/viewtopic.php?t=226


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Tuesday, October 04, 2005Scalping the WCCI
http://photos1.blogger.com/blogger/1795/511/400/scalp.gif

Hello guys,

I'm experimenet on how to scalp cable on 15m and 1hr timeframe. Preferred patterns TLB and HTLB( Trendline break and Horizontal Trendline break. Andi find that if you want to scalpe , cable or swissy would be better pairs, they move more faster compare to fiber.

Volatile is opporunity!


Posted by okl at 11:57 AM 0 comments
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Saturday, October 01, 2005My results
http://photos1.blogger.com/blogger/1795/511/400/results.gif

Hi guys, if you still remember my first post, i swear to recover my loss $540, now I am $100 away to recover my capital! :) I know it is peanuts to some of you! :)

BTW, it is Woodies CCI that help me!

3 months ago:
http://photos1.blogger.com/blogger/1795/511/400/acountsummary.gif

Today:
http://photos1.blogger.com/blogger/1795/511/400/acount1.gif


Posted by okl at 1:11 AM 2 comments
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Friday, September 30, 2005Finally momentum started
http://photos1.blogger.com/blogger/1795/511/400/tlb.gif

Tight trading range for the past 2 weeks. Finally get to see some movement.


Posted by okl at 3:35 PM 2 comments
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Thursday, September 22, 2005The WCCI's Fortune Teller
http://photos1.blogger.com/blogger/1795/511/400/ft.gif
The candlestick with arrow pointing is your fortune teller, price is exhausted and we have a HFE saying SELL!


Posted by okl at 6:21 PM 1 comments
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Wednesday, September 21, 2005TLB on daily chart
Before
http://photos1.blogger.com/blogger/1795/511/400/ml3.gif
BUY!
http://photos1.blogger.com/blogger/1795/511/400/daily.gif


Posted by okl at 5:59 PM 0 comments
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Monday, September 19, 2005ML+WCCI Triptych
http://photos1.blogger.com/blogger/1795/511/400/triptych.gif

Woodies CCI Settings
H4: 20 period
H1: 20 period
M15: 14 period


Posted by okl at 6:48 PM 2 comments
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Saturday, September 17, 2005Ten most important rules of technical trading
John Murphy, is a very popular author, columnist, and speaker on the subject of Technical Analysis. John's "Ten Laws of Technical Trading" is the best guide available anywhere for people who are new to the field of charting. I urge you to print out this page and refer to it often. If you find this information useful, consider subscribing to John's Market Message Service.

Which way is the market moving? How far up or down will it go? And when will it go the other way? These are the basic concerns of the technical analyst. Behind the charts and graphs and mathematical formulas used to analyze market trends are some basic concepts that apply to most of the theories employed by today's technical analysts.

The following are John's ten most important rules of technical trading:

1. Map the Trends
2. Spot the Trend and Go With It
3. Find the Low and High of It
4. Know How Far to Backtrack
5. Draw the Line
6. Follow That Average
7. Learn the Turns
8. Know the Warning Signs
9. Trend or Not a Trend?
10. Know the Confirming Signs

1. Map the Trends
Study long-term charts. Begin a chart analysis with monthly and weekly charts spanning several years. A larger scale "map of the market" provides more visibility and a better long-term perspective on a market. Once the long-term has been established, then consult daily and intra-day charts. A short-term market view alone can often be deceptive. Even if you only trade the very short term, you will do better if you're trading in the same direction as the intermediate and longer term trends.

2. Spot the Trend and Go With It
Determine the trend and follow it. Market trends come in many sizes -- long-term, intermediate-term and short-term. First, determine which one you're going to trade and use the appropriate chart. Make sure you trade in the direction of that trend. Buy dips if the trend is up. Sell rallies if the trend is down. If you're trading the intermediate trend, use daily and weekly charts. If you're day trading, use daily and intra-day charts. But in each case, let the longer range chart determine the trend, and then use the shorter term chart for timing.

3. Find the Low and High of It
Find support and resistance levels. The best place to buy a market is near support levels. That support is usually a previous reaction low. The best place to sell a market is near resistance levels. Resistance is usually a previous peak. After a resistance peak has been broken, it will usually provide support on subsequent pullbacks. In other words, the old "high" becomes the new "low." In the same way, when a support level has been broken, it will usually produce selling on subsequent rallies -- the old "low" can become the new "high."

4. Know How Far to Backtrack
Measure percentage retracements. Market corrections up or down usually retrace a significant portion of the previous trend. You can measure the corrections in an existing trend in simple percentages. A fifty percent retracement of a prior trend is most common. A minimum retracement is usually one-third of the prior trend. The maximum retracement is usually two-thirds. Fibonacci retracements of 38% and 62% are also worth watching. During a pullback in an uptrend, therefore, initial buy points are in the 33-38% retracement area.

5. Draw the Line
Draw trend lines. Trend lines are one of the simplest and most effective charting tools. All you need is a straight edge and two points on the chart. Up trend lines are drawn along two successive lows. Down trend lines are drawn along two successive peaks. Prices will often pull back to trend lines before resuming their trend. The breaking of trend lines usually signals a change in trend. A valid trend line should be touched at least three times. The longer a trend line has been in effect, and the more times it has been tested, the more important it becomes.

6. Follow that Average
Follow moving averages. Moving averages provide objective buy and sell signals. They tell you if existing trend is still in motion and help confirm a trend change. Moving averages do not tell you in advance, however, that a trend change is imminent. A combination chart of two moving averages is the most popular way of finding trading signals. Some popular futures combinations are 4- and 9-day moving averages, 9- and 18-day, 5- and 20-day. Signals are given when the shorter average line crosses the longer. Price crossings above and below a 40-day moving average also provide good trading signals. Since moving average chart lines are trend-following indicators, they work best in a trending market.

7. Learn the Turns
Track oscillators. Oscillators help identify overbought and oversold markets. While moving averages offer confirmation of a market trend change, oscillators often help warn us in advance that a market has rallied or fallen too far and will soon turn. Two of the most popular are the Relative Strength Index (RSI) and Stochastics. They both work on a scale of 0 to 100. With the RSI, readings over 70 are overbought while readings below 30 are oversold. The overbought and oversold values for Stochastics are 80 and 20. Most traders use 14-days or weeks for stochastics and either 9 or 14 days or weeks for RSI. Oscillator divergences often warn of market turns. These tools work best in a trading market range. Weekly signals can be used as filters on daily signals. Daily signals can be used as filters for intra-day charts.

8. Know the Warning Signs
Trade MACD. The Moving Average Convergence Divergence (MACD) indicator (developed by Gerald Appel) combines a moving average crossover system with the overbought/oversold elements of an oscillator. A buy signal occurs when the faster line crosses above the slower and both lines are below zero. A sell signal takes place when the faster line crosses below the slower from above the zero line. Weekly signals take precedence over daily signals. An MACD histogram plots the difference between the two lines and gives even earlier warnings of trend changes. It's called a "histogram" because vertical bars are used to show the difference between the two lines on the chart.

9. Trend or Not a Trend
Use ADX. The Average Directional Movement Index (ADX) line helps determine whether a market is in a trending or a trading phase. It measures the degree of trend or direction in the market. A rising ADX line suggests the presence of a strong trend. A falling ADX line suggests the presence of a trading market and the absence of a trend. A rising ADX line favors moving averages; a falling ADX favors oscillators. By plotting the direction of the ADX line, the trader is able to determine which trading style and which set of indicators are most suitable for the current market environment.

10. Know the Confirming Signs
Include volume and open interest. Volume and open interest are important confirming indicators in futures markets. Volume precedes price. It's important to ensure that heavier volume is taking place in the direction of the prevailing trend. In an uptrend, heavier volume should be seen on up days. Rising open interest confirms that new money is supporting the prevailing trend. Declining open interest is often a warning that the trend is near completion. A solid price uptrend should be accompanied by rising volume and rising open interest.


Technical analysis is a skill that improves with experience and study. Always be a student and keep learning.

- John Murphy


Posted by okl at 6:22 PM 0 comments
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Wednesday, September 14, 2005Example trade on WCCI+Median Lines
http://photos1.blogger.com/blogger/1795/511/400/wcci%20medianline1.gif

30mins timeframe with 20 period CCI.


Posted by okl at 8:44 PM 0 comments
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Woodies CCI
http://photos1.blogger.com/blogger/1795/511/400/wcci%20medianline.gif
WCCI indicators for MT4

Study the whole tutorial


Posted by okl at 6:58 PM 0 comments
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[ 本帖最后由 hefeiddd 于 2008-4-18 06:26 编辑 ]

hefeiddd 发表于 2008-4-16 19:12

Friday, September 09, 2005Median Lines Webinar
Hi traders,

There will be coming webinar in October 19th by Timothy Morge on how he trade currencies using Median Lines.

For more info please check out http://www.mapthemarkets.com/cme.html

Regards
OKL


Posted by okl at 1:21 AM 1 comments
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Wednesday, September 07, 2005Lesson Learnt Today
Wanted to go long on eur/usd at 1.2495, and I hestitated!!
and went chase the market at 1.2530. You stupid idiot!!!
How many times must i tell you to buy at dips!

Anyway found a link to some Forex ebooks
http://www.zen18752.zen.co.uk/html/forex_books.html

Enjoy


Posted by okl at 5:04 PM 0 comments
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Monday, September 05, 2005Gimmee Bar Setup
http://photos1.blogger.com/blogger/1795/511/400/gimmees.gif


Posted by okl at 5:07 PM 0 comments
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Sunday, September 04, 2005Andrew Pitchforks
Great, got this pdf from Summerset, thanks!

The Best Trendline Methods Of Alan Andrews by Mikula Patrick


Posted by okl at 3:21 PM 2 comments
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Saturday, September 03, 2005What is Holy Grail ?
How discretionary is your trading?

I am a discretionary trader, but I would say that I am also a fairly regimented trader. Over the years, I have refined my trading style so that I know my trading tools very well. I think a lot of traders make a big mistake in jumping from one tool to another in a ceaseless search for the Holy Grail. They never really master the tools they have and finally bust out. My advice is to spend those years getting to know your tools really well. There are no single magical set of tools. I know many professional traders and it's often uncanny how we end up initiating trades in the same general area, even though we're using different tool sets.

"My advice is to spend those years getting to know your tools really well."


Timothy Morge
Full interview:
http://www.medianline.com/tdinterview.html


Posted by okl at 1:34 AM 0 comments
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Friday, September 02, 2005Trading Psychology
http://images.amazon.com/images/P/0735201447.01._AA240_SCLZZZZZZZ_.jpg
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas

Strongly Recommended!


Posted by okl at 1:15 AM 1 comments
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Thursday, September 01, 20054 signals again!
We had wma crossed before Aup got touched
http://photos1.blogger.com/blogger/1795/511/400/acd%20dtafm%20fxoe1.gif
Price outside upper Bollinger Bands at 1.2343, FXOE AscTrend shown long signal too.
http://photos1.blogger.com/blogger/1795/511/400/acd%20dtafm2.gif

Signals appear in order:
(1)WMA cross
(2)FXOE ASCTrend
(3)Upper Bollinger Bands
(4)ACD A up


Posted by okl at 5:11 PM 0 comments
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Wednesday, August 31, 2005Price Do Respect Fibo
http://photos1.blogger.com/blogger/1795/511/400/news1.gif


http://photos1.blogger.com/blogger/1795/511/400/eur-fibo-2.gif

http://photos1.blogger.com/blogger/1795/511/400/eur-fibo-2-1.gif

This is the latest chart after today GDP data. I think the previous post chart on EUR fibo level was wrongly drawn?


Posted by okl at 10:59 PM 1 comments
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How I draw Fibo
GBP:
http://photos1.blogger.com/blogger/1795/511/400/gbp-fibo3.gif

EUR:
http://photos1.blogger.com/blogger/1795/511/400/eur-fibo.gif

This is how I draw my fibo level. Where would you pick your top and bottom?
Comments?


Posted by okl at 3:35 PM 2 comments
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Tuesday, August 30, 20054 systems = holy grail
4 short signals on EUR/USD 15mins chart.

FXOE:
http://photos1.blogger.com/blogger/1795/511/400/1.gif

DTAFM:
http://photos1.blogger.com/blogger/1795/511/400/2.gif

ACD+BGX
http://photos1.blogger.com/blogger/1795/511/400/3.gif

London, Aug 30: Support at 1.2200/05 has finally succumbed to the selling pressure that has been building and stops have been tripped on the break. has printed a session low of 1.2185. The JPY has been under pressure for the entire European morning session as the USD edges higher and the EUR looks to have been influenced by this theme. Bids are seen back to 1.2160 with stops mixed in with talk of official buying at 1.2150. --Matthew.Foster-Smith@Thomson.com /PS


Short at 1.2199, exit with +12pips. Reason because price hover around S1 (ACD Chart). I had put a tight stop also because S1 is quite strong even 4 systems gave me short signal.It either break in coming NY session or shoot back upward, so take profit and run!


Posted by okl at 6:38 PM 1 comments
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ACD+FXOE+BGX
USD/JPY: Not so much risk
Long signal and wma cross, no ACD pivot range+wma200 resistance above except R1 at 110.97, we have some room to move up.

http://photos1.blogger.com/blogger/1795/511/400/fxoe-6-3.gif

EUR/JPY: Risky :(
We had long signal and wma crossed but I dont like to take this long, price hovers around pivot range(purple lines) which acts as resistance zone. And wma200 is in between the pivot range too, so price may not enough power to breakthrough. In short, no much room to move up.

http://photos1.blogger.com/blogger/1795/511/400/fxoe-6-2.gif


Posted by okl at 10:52 AM 0 comments
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Monday, August 29, 2005My Holy Grail System
http://photos1.blogger.com/blogger/1795/511/400/craxy1.gif

ACD+BGX+DTAFM+FXOE = HolyGrail


Posted by okl at 12:03 AM 0 comments
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Sunday, August 28, 2005First DTAFM post
http://photos1.blogger.com/blogger/1795/511/400/acd-221.gif


Blue lines: keltner channels
White lines: bollinger Bands

See how BB squeezed into keltner channels, then break of lower BB by the red candle...


Posted by okl at 3:18 AM 0 comments
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Thursday, August 25, 2005EUR/USD - Wed, 24 Aug
Today Trade
Big winner.

Please check out the forum thread, I may not update so often here. Unless something worthwhile for me to record down here.


Posted by okl at 12:15 AM 0 comments
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Tuesday, August 23, 2005EUR/USD - Tuesday, 23 Aug
Today trade here
-10pips


Posted by okl at 5:15 PM 0 comments
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Monday, August 22, 2005EUR/USD - Monday, 22 Aug
Take profit at 1.2235, where approaching target 1.2244.

http://photos1.blogger.com/blogger/1795/511/400/acd-15-2.gif

Well, we have a clear breakout on last friday's high 1hr before NY session open. So I gone long at 1.2212, target 1.2244 with stop loss at 1.2192, 20pips risk.

http://photos1.blogger.com/blogger/1795/511/400/acd-15-1.gif


Good Day Guys,

We have a wide open range and today is Monday, so more confirmation that we are in the confuse state. So I'm not expecting any big move. But here it go for today EU session analysis.

Aup just above last friday's high. Price failed to break last friday's high on asian session. I prefer not to look for rubberband on Aup because today is Monday, choppy day.

So I would prefer to go short at Adown, 1.2151 when price break through the narrow pivot range in the late EU or early NY session. And with tight stop just 1 pips above pivot top, 1.2165.

1st target last friday's low.

http://photos1.blogger.com/blogger/1795/511/400/acd-15.gif


Posted by okl at 3:26 PM 0 comments
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Friday, August 19, 2005ACD - Failed Adown on EUR
http://photos1.blogger.com/blogger/1795/511/400/acd-14.gif
Before:
(1) we have a rubberband on GBP
(2) we have a failed Adown on EUR on lowest of the week at 1.2123
So i would go long on EUR if it break above yesterday's low.

http://photos1.blogger.com/blogger/1795/511/400/acd-14-1.gif
After:
Eur rised to 1.2186, 6pips away from 1st target, pivot bottom.
Well, we are in a downtrend , so didnt expect to have big move upwards.
That was a little long with 20+ pips profit. Of course it would be 40+pips profit if i went long at Adown instead of waiting it to break above yesterday's low. Conservative play.


Posted by okl at 6:43 PM 0 comments
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Tuesday, August 16, 2005ACD - SFT on GBP/USD
http://photos1.blogger.com/blogger/1795/511/400/acd-13-sft.gif

System Failure Trade.


Posted by okl at 5:15 PM 0 comments
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ACD - Failed Aup against pivot
http://photos1.blogger.com/blogger/1795/511/400/acd-12-2.gif

Quote:
"OKL
I exited at 3.41am when price approached pivot range at 1.2365.

see what the Annc does and then buy when price starts to rise maybe when or if it gets above the open range.

I think your short was great= a failed A against the pivot and a small risk

Charlie"


Posted by okl at 4:50 PM 0 comments
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Sunday, August 14, 2005Seaching for my Holy Grail
http://photos1.blogger.com/blogger/1795/511/400/acountsummary.gif

I started Forex trading with $2k capital and lost $500 just over few days. So I made up my mind that either I recoupe or lose them all. And so I found 2 methods with 20 years of backtesting, ACD and DTAFM. So the start of this blog to keep track of my progress.

ACD and DTAFM are both breakout methods so they work very well together, especially serving each other as confirmation.


Posted by okl at 10:19 PM 0 comments
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Newer Posts Home

[ 本帖最后由 hefeiddd 于 2008-4-18 06:28 编辑 ]

hefeiddd 发表于 2008-4-16 19:13

Of course, the daily chart is showing a number of levels that could act as long-term support and resistance; but we need action to get us going. Perhaps the German ZEW will do it or some specific credit worries coming out of the US or EU. Otherwise, choppy price action will just break up this formation without giving us some real follow through momentum.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?s=cfe4d60ed6f5d2e7161ed71dccc082cd&attachmentid=7715&stc=1&d=1187685698 http://www.learncurrencytrading.com/fxforum/attachment.php?s=cfe4d60ed6f5d2e7161ed71dccc082cd&attachmentid=7716&stc=1&d=1187685702

[ 本帖最后由 hefeiddd 于 2008-4-18 06:42 编辑 ]

hefeiddd 发表于 2008-4-16 19:14

I will most likely stay to the side on this pair unless we get back to a good level and the risk/reward looks too good to pass up. To the topside that means 1.36 or 1.38; and the downside it is the rising trend at 1.3350 now. I know that gives a lot of room to play with for trades in between; but I'd rather trade GBPUSD or USDCHF for similar exposureAttached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=7739&stc=1&d=1187772827

[ 本帖最后由 hefeiddd 于 2008-4-18 06:43 编辑 ]

hefeiddd 发表于 2008-4-16 19:14

The EURUSD has come upon pesky resistance of the 38.2 percent Fib of the recent 1.3839-1.3361 wave at 1.3543. Given hourly oscillators in firmly overbought territory, it seems likely that the pair may take a bit of a breather before pressing higher on the day.

Anyone else with relevant technical levels?
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=7750&stc=1&d=1187798320

[ 本帖最后由 hefeiddd 于 2008-4-18 06:48 编辑 ]

hefeiddd 发表于 2008-4-16 19:15

EUR/USD to Reverse its Gains?
We have had a pretty decent rally in the EUR/USD today but I think that rally is about to come to an end because of stiff resistance not far from current levels. 1.3550/60, which was coincidently the zone where the rally today stalled is also the 100-day SMA, 50% fibo retracement of the 1.3265-1.3855 bull wave and the 38.2% fibo retracement of the 1.3854-1.3363 bear wave. As long as the EUR/USD holds below the 100-day SMA, the trend is still bearish. If it breaks above that however, it could target 1.3630.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=7755&stc=1&d=1187809372

[ 本帖最后由 hefeiddd 于 2008-4-18 06:50 编辑 ]

hefeiddd 发表于 2008-4-16 19:59

Trade recommendation:
to buy at 1.3609 with target on 1.3856, if pair finds resistance on 1.3700;
to buy at 1.3673 with target on 1.3856, if pair finds resistance on 1.3765;
to buy at 1.3609 with target on 1.3856.

http://img403.imageshack.us/img403/4659/eur2jk7.gif

http://img403.imageshack.us/img403/5931/eur1wf5.gif






Trade recomendations:
sell 1.4863, take profit 1.4630, stop loss 1.4930
http://img215.imageshack.us/img215/4443/eurh4ty8.gif

[ 本帖最后由 hefeiddd 于 2008-4-19 08:54 编辑 ]

hefeiddd 发表于 2008-4-16 20:00

Though there are strong fundamental arguments for EURUSD to move to and above 1.40; the developing technicals look like the dollar could sputter to life in a last ditch effort to turn the pair. A preliminary look at the recent turn just below 1.37 suggests this will be a lower pivot high (compared to the 1.3855 July high). That would be a first step towards a long-term downturn. Of course, the more important technical milestone would be a drop below 1.3350 which is where the rising trendline (starting back in the first quarter of 2006) was hovering during the August 16/17th swing low. This happens also to be where the 200-day SMA is at.

For the elliot wave theorists out there: what wave would you say we're in on the monthly chart from the 2000 low to July's high?
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=7829&stc=1&d=1188293919 http://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=7830&stc=1&d=1188293923

[ 本帖最后由 hefeiddd 于 2008-4-18 07:00 编辑 ]

hefeiddd 发表于 2008-4-16 20:01

Looks quite well supported prior to the FOMC minutes. In the chart, the green arrows can be repeat cyclical buying.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=7845&stc=1&d=1188352201

[ 本帖最后由 hefeiddd 于 2008-4-18 07:01 编辑 ]

hefeiddd 发表于 2008-4-16 20:01

With the Labor Day holiday looming on Monday, I don't think we're going to see much reaction from the markets when Bernanke speaks on Friday (unless he comes out and says straight up that the Fed will cut or hike...which is very very unlikely). Nevertheless, within the next few days, if EURUSD breaks above 1.3685, I think we will find EURUSD testing 1.3750.Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=7875&stc=1&d=1188415696

[ 本帖最后由 hefeiddd 于 2008-4-18 07:02 编辑 ]

hefeiddd 发表于 2008-4-16 20:02

A break in the fundamental side of things. It looks like EURUSD is setting up nicely just below 1.3680. There is a nice rising channel that has already pushed the pair into three failed attempts on the horizontal 1.3680 level. Though I couldn't show it on the 240-minute chart I attached below, the 1.3680/700 level has been a reliable pivot level going back to April. For its first performance, this zone turned a strong rally on its heels back on 4/27 to mark the first line of absolute resistance back then.

For a trade now, I think there are options on both sides. The upside follows the channel; which obviously has my backing as it is has established itself as the trend. On the other hand, we are only a couple hundred points from the record high, so I will remain cautious on any upside momentum on the break. My entry will probably be a 15-minute or 60-minute bar close above 1.37, or a market order if momentum is clearly building through the push. To the downside, I'm not going to have a go on this until we can clear the bottom of the channel as the width and pitch of the band is to small for a percentile trade that has a high probability of success and reward.

I may have to choose between this and the short-term GBPUSD setup I wrote about over the GBPUSD thread; because I don't want to overload my dollar exposure. The pound has more room to run and a downside trade could be taken to the nearby rising trendline; so that may win out.
Attached Imageshttp://www.learncurrencytrading.com/fxforum/attachment.php?attachmentid=7883&stc=1&d=1188456101

[ 本帖最后由 hefeiddd 于 2008-4-18 08:40 编辑 ]
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