Malaysia

Quoting alexw

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Maybe

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Quoting Antra

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Hi Everyone,
Can you please ensure all your posts are in English?
It makes it very hard for us to moderate as we cannot understand what you are posting.
Thanks
Antra

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Quoting mustang

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Hi Guys,

Pound: Cable surged to record 26-year highs against dollar as it edged to 2.0822 after the Fed announced a cut of 25 bps each in interest rates and discount rates. Cable has retreated mildly to the levels of 2.0780 currently, however, futher rally is still in force above 2.0538 levels (50% Retracement & 21 Days EMA). The daily and 4-hourly charts are overbought, however upside could be seen as the hourly stochastic is oversold. Shorts can be cautiously initiated around 2.0830-840 levels with a target of 50-60 pips. (gbp/usd - 2.0776)

Source:
Forex Technical Update

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Quoting alexw

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Maybe

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Quoting Antra

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Hi Everyone,
Can you please ensure all your posts are in English?
It makes it very hard for us to moderate as we cannot understand what you are posting.
Thanks
Antra

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Quote:
Originally Posted by Malaysia
Dear Antra,

I am Shamsul aka Malaysia, the MALAYSIA thread starter. Already taken serious action on your reminder about the ENGLISH language.

I am already remind every member in that thread to use ENGLISH from now on. However, may I ask for small exception in MALAY language in "p/s:" if they can't resist to use MALAY Language. The main Content of the post... of course gonna be in ENGLISH.

Thank you for reminding us and I am sorry for the inconveniency.

Quoting Antra

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Cool?

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No one will be upset if you keep the main content in English and have the odd phrases in Malay language.
Good trading.
Antra
Moderator.

Quoting Malaysia

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All righty Boss. I'll ensure everyone using ENGLISH from now on. Exception for some small jokes in Malay language maybe?

Dear all MALAYSIAN Traders,

Seems we are being watch and patrol by the MODERATOR and FF AT. Please use ENGLISH to post anything in here. This is to preserve the integrity of this thread. Please respect this if you all don't want to see it being dump in to the RECYCLE BIN again.

If you can't resist to use some MALAY language... just use small amount of it and put it in the "p/s:". However, the MAIN content of your post reply got to be in ENGLISH. We are smart enough to know why is this being brought up into attention.

SHAMSUL OSMAN
Malaysia Thread Starter.

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Quoting bujal38

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last interest rate cut, gu melambung gila lepas tu meloncat jatuh baru naik balik..

kali ni? dia meloncat naik ke tak masa interest rate announcement ? tengok le sendiri...nilai2x kan...pastu amik action...

saya dah duduk sideway dah. bulan ni baru start.
caiyo

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Quoting matsaleh

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Bro, today GU analysis?

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Quoting Malaysia

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Since when I have become GU analyst? : What I post here is how I do my trade... not trying to convince anyone to follow me...or trying to prove something... but rather to get some feedback and comments so that I can improve my strategy. Same goes to you... open to discussion.

As right now... I am out of the markets for a while. Waiting for the EQUILIBRIUM. Frankly speaking... I am 50-50 on my analysis. Hence, NOT good to trade... that's GAMBLING. Might as well I go to Genting Don't force yourself to trade everyday. Wait for the right moment or the moment you are comfortable to trade with. As right now... I am a bit uncomfortable with the situation. If the FAD CUT the rate by 50bps or fixed it the same earlier on... I will be eager to join the party. Now with 25bps CUT... I am .. so... so... If not sure... STAY OUT. No harm in that. Don't wanna be greedy. This is just my discipline in TRADING.

p/s: looking at your BUTTERFLY analysis... you might have the same analysis wit alexw

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Quoting Malaysia

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Dear MALAYSIA members,

To those who are having problem in ENGLISH Language... don't worry. You can always join the FX CLUB I am planning to form.

The FX CLUB will be non profit organization. Meaning any members suspected to be a SPAMMER will be banned. The sole objective of the FX CLUB is to help each other to trade wisely. The discussion will be solely on the TA and FA. Prohibited to discuss anything about brokers as this will insight some issues about PROMOTIONAL purpose. However, discussion regarding TAX, TT, how to deposit money, how to take out profit and any general topic regarding Forex and stocks are welcome.

I am planning to gather all the group members for the preliminary meeting at my house in Sentul, KL... since RAYA celebration is still on the air If nothing important turn up on this weekends schedule... the first meting gonna be this SUNDAY 4th November 2007. (Subjected to change)

E mail me for confirmation at: [email protected]

I am not acting as a GURU or Fx Lecturer... I want the group to be INTERACTIVE group. Meaning active discussion. It's all for FREE. No one gonna take any profit out of this. Opportunist... stay out!

Why I do this? I just find out that the more I teach... the more I learn... and recently my profit is growing even bigger than before. Maybe this is the bless I got from GOD for being helpful to others. My strategy is also improving by discussing it with others. Furthermore, it is about time such organization of Forex should be formed in MALAYSIA since more and more Malaysians are involving in FOREX TRADING.

p/s: Kepada kawan2 yang kurang berkomunikasi dalam bahasa Inggeris... boleh join SHAMX FX CLUB yang akan ditubuhkan dalam masa terdekat. Semuanya PERCUMA Berminat? Email saya di [email protected]

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Quoting Scalpelfx

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Hi Malaysia,

I am responding to your request for feedback on trading the US interest rate statement. All I can share with you is what I did and thought. For one thing, going into the report, an interest rate cut was priced in, meaning the price on USD had decreased in prior weeks due to seemingly imminent rate cuts. Therefore the rate cut did not cause an immediate surge of USD shorts. Instead, we saw some carry trade weakness/dollar strength, which is typical currency movement of a rate cut that is priced in. However, my thought is that it would be very temporary, as the rate cut was positive for the carry trade and bad for the US dollar. I closed all my positions before the trade and I was in and out quite a bit and I will tell you the trades I remember. I bought twice for a 100+ pip total profit on gbp/jpy at 239.00 with a stop loss of 60 pips (each trade) - I wanted the stop loss to cover at least one psychological level @238.50. Also after the spike down on eur/usd I saw a shelf at 1.4450 so I put a buy limit order in with a 10 pip stop and 15 pip take profit figuring if it broke down through that level I wanted to get out quick as I would not know where it is going short term. Also I saw some profit taking and other action probably might occur at some of the whole numbers that would be hit so I put in a short at 240 on gbp/jpy for 10 pip s/l and incremental t/p averaging about 15 pips and also the same on eur/usd at 1.4500 (only the first hit - very important). My thinking behind the trades I took was always simply carry trade strength and dollar weakness. All in all an event like this must be traded calmly and carefully with no expectations and when things start to happen -wait for the market to force you to trade because the opportunity looks so good, and also very important, be smart about your take profits and stop losses.

Take Care

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Quoting alexw

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Malaysia
I exit my long at 2.0813, now take some same lots short 2.0810

Alex

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