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Help needed in OANDA + users from Malaysia 105 replies
Dislikedmorning bro,
what might u think u want to trade yen now, any specific FA/TAIgnored
QuoteDislikedNewstraderFX http://www.forexfactory.com/images/s...ser_online.gif
http://www.forexfactory.com/images/misc/1kt.gif Senior Member
Member Since Sep 2006
Posts: 2,033
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'The committee agreed on the need to remain exceptionally alert to economic and financial developments and their effects on the outlook, and members would be prepared to adjust the stance of monetary policy if prospects for economic growth or inflation were to worsen,' the minutes said.
If economic conditions were to improve more rapidly than expected, 'a reversal of some of the rate cuts might be appropriate,' according to the record of the meeting.
There's a lot of uncertainty here regarding the prospects for growth and inflation and the fed seems ready to adjust policy as needed. So while the Jan cut seems to be on, after that things could change. It would seem that a cut past there is far from definate.
DislikedBroke upper Resistance of M30 Triangle... Technically... BULL BiasIgnored
DislikedThat true bro its already broken but very hard to say...
My system show down atleast until london open.
Confusing..Ignored
QuoteDislikedGbp/ Usd
The Pound suffered two Fundamental blows recently; the Northern Rock Bank getting into trouble and needing a $100 million bail-out, and the Monetary Policy Committee (MPC) of the Bank of England voting 9-0 to lower Interest Rates. Both were enough to keep Trade Desks on the Short side of things last year. Nothing seems to have changed.
The Technical difficulty, now that the chaos has subsided, is being able to break back above, and hold, the $2 area. It has not been an easy feat previously to be able to break and move higher. With no link to any kind of Commodity there is no reason for Trade Desks to have to touch the Pound, the only ones nibbling at it now may be the Central banks that hold it as part of their Reserve.
DislikedYep... very confusing Cable back down to the top of that Triangle Resistance... still finding a hard time to get inside again. Lots of traders IGNORING Cable at the moment. Everyone concentrating on the Carry Trades it seems. Better stay out until seeing a Clear Signal/Direction.
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DislikedI think ... the JPY, will just follow the bearish trend ... as there's no news from them... Looks like they are enjoying their holiday season ...
What do you think ...Ignored
DislikedNow Cable is breaking the SUPPORT of the Triangle... technically... BEAR Bias...
Huhuhu... just now Broke the Resistance... came back down and breaking the Support. Really confusing GU too much correlated with the GJ (Carry Trade) right now.
Better stay out
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Disliked1hr candle for gu & gj indicates a reversal to higher ground..
gu tp 1.9871, then sell at 1.9877 tp 1.9760
gj tp 217.78, 218.45, 218.82, then sell 219.00/06 tp 216.42Ignored
DislikedTaking out my GJ long since 216.80. Seems like something bad is gonna happen to cable... oil is high ,gold is high... no good at all for cable. Going short again for cable, target 215.20.
Good luck !
S1 214.65
S2 212.79
S3 209.19Ignored