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Help needed in OANDA + users from Malaysia 105 replies

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  • #981
  • Nov 1, 2007 12:54pm Nov 1, 2007 12:54pm
Quoting syaqiq2312
erkkk,asgaban....go back to malaysia plisssss....wat are u doin here...kakaka,just joking...and to mr admin plis dont band me....kakakakaakak
other wised i cant read newsss....waduh2 ngomong english yer pak....
No problem mate! Just abide the rules and you are free to talk. I was reminding you earlier on about your LINK. The moderators are very actively patrolling on this thread since there are lots of SPAMMERs from Malaysia. Those guy tarnished the good name of MALAYSIA. Good to see that you've removed the link
  • #982
  • Nov 1, 2007 1:06pm Nov 1, 2007 1:06pm
Quoting Malaysia
No problem mate! Just abide the rules and you are free to talk. I was reminding you earlier on about your LINK. The moderators are very actively patrolling on this thread since there are lots of SPAMMERs from Malaysia. Those guy tarnished the good name of MALAYSIA. Good to see that you've removed the link
kekekkek,no problem...i'm new bie here,dont know da rulezz...
Ana Faqir
  • #983
  • Nov 1, 2007 1:10pm Nov 1, 2007 1:10pm
Retracement = Price Correction = Consolidation = Equilibrium

I learns a new word today Please correct me if I comprehend those words wrongly.
  • #984
  • Nov 1, 2007 8:18pm Nov 1, 2007 8:18pm
Quoting Malaysia
Retracement = Price Correction = Consolidation = Equilibrium

I learns a new word today Please correct me if I comprehend those words wrongly.
Equilibrium happen when there're equal market supply and demand then stable price action or consolidate the market.Equilibrium provide early indication of price correction or retracement.Trade can be place a few pips below the initial support of the equilibrium short position with stop lost a few pips above the initial resistance of the equilibrium.Long position can be place a few pips above the initial resistance of the equilibrium with stop lost a few pips below the initial support of the equilibrium.Entry orders are recommended for this trade strategy to be among the first to enter the market the fact that the price will move fast.
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  • #985
  • Nov 1, 2007 9:48pm Nov 1, 2007 9:48pm
Quoting Zul
Equilibrium happen when there're equal market supply and demand then stable price action or consolidate the market.Equilibrium provide early indication of price correction or retracement.Trade can be place a few pips below the initial support of the equilibrium short position with stop lost a few pips above the initial resistance of the equilibrium.Long position can be place a few pips above the initial resistance of the equilibrium with stop lost a few pips below the initial support of the equilibrium.Entry orders are recommended for this trade strategy to be among the first to enter the market the fact that the price will move fast.
Nice explanation with chart example and easy to us understand the equilibrium (new word for me). Good job all of you. May God bless
  • #986
  • Nov 1, 2007 9:53pm Nov 1, 2007 9:53pm
Just to share the NFP info for today and for sure market moving esp for GU is ranging till news announce

October Non-Farm Payroll - Consensus Estimates 80,000 jobs!
Release time: November 2, 2007 - 8:30 AM EST!

What a difference a month makes! The Department of Labor’s most recent report stated that non-farm payroll (NFP) employment rose by 110,000 during the month of September, leaving analysts stunned and the majority in agreement on the consensus of 80,000 new jobs in October. The surprise announcement and revision, which raised total payroll employment to 138.3 million, followed increases of 93,000 in July and 89,000 in August . With initial claims of a recent uptrend, however, look for job growth to slow in October.

Several key factors are thought to have influenced the recent NFP report. They include: · Employment in manufacturing and construction decreased by 18,000 in September, bringing total amount of jobs lost to 223,000 year to date
· Private service-providing jobs expected to rise to nearly 100,000
· Unemployment expected to hold steady at 4.7%

For week ending October 27th, the Department of Labor reported that the advance figure for seasonally adjusted initial claims was 327,000, a decrease of 6,000 from the previous week's revised figure of 333,000. They also reported a four week moving average of 327,000, an increase of 1,750 from the previous week's revised average of 325,250.

When the Fed next meets on December 11th for the Federal Open Market Committee (FOMC), October and November's jobs reports will most certainly play a key role in whether interest rates are cut in December.


What is the non-farm payroll report?

Of all the world monthly economic reports, the monthly US NFP report is the most highly anticipated and has the most dramatic impact on the currency market.

The report, which is released on the first Friday of each month and states the previous month’s numbers, provides detailed industry data on employment, hours and earnings of workers on nonfarm payrolls. These numbers are the best way to gauge the current state of the US market as well as the direction that the economy is heading.

What’s more, the employment numbers provided by the report are used by the Fed to shape their interest rate policies. The health of the US economy and interest rates translate to the strength or weakness of the US dollar.


Enjoy the huge pips today!!
  • #987
  • Nov 1, 2007 11:47pm Nov 1, 2007 11:47pm
hye, This is my count and forecast for gbpJpy h4.

Comment,

As long as 235.83 support remains intact, price is likely to rise to above 241.37 from or not all that much under 237.60.
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Artist lead and hacks ask for a show of hands.
  • #988
  • Nov 1, 2007 11:58pm Nov 1, 2007 11:58pm
Update and be carefull NFP,I exit 2/3 GJ at 237.75, Still holding 1/3.
Cable also holding 1/3.

Alex
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  • #989
  • Nov 2, 2007 1:09am Nov 2, 2007 1:09am
Quoting alexw
Update and be carefull NFP,I exit 2/3 GJ at 237.75, Still holding 1/3.
Cable also holding 1/3.

Alex
nice entry.you trade exactly same as your uncle.
  • #990
  • Nov 2, 2007 1:09am Nov 2, 2007 1:09am
Just came back from Friday prayer Who went to Tabung Haji just now might bumped into me

Let see... how's the market is doing... Cha chengggg ranging a a bit... EQUILIBRIUM Waiting for the signal to enter again.

What we have on the news.... NFP !!! This is interesting.
  • #991
  • Nov 2, 2007 1:11am Nov 2, 2007 1:11am
Quoting amenlo9
nice entry.you trade exactly same as your uncle.
amenlo9 Care to share the RAINBOW technique... put some colors in this thread
  • #992
  • Nov 2, 2007 1:22am Nov 2, 2007 1:22am
Quoting amenlo9
nice entry.you trade exactly same as your uncle.
Amenlo9
thanks, did you add sell at 6/8 238.90 3hrs ago and exit 237.80:
  • #993
  • Nov 2, 2007 1:44am Nov 2, 2007 1:44am
Seems the Bollinger Band has gone FLAT to the EAST.... This indicating EQUILIBRIUM for me... the prize has stabilized within the Band. Waiting for the BREAKOUT. What will inflate the BB again... NEWS or a surprise by MASSIVE order. Bullish or Bearish?

From FA point of view... NFP tonight at 8:30pm... expected to be decreasing... meaning weaken the dollar. Meaning Bullish for the Cable. However, no one so sure about this. We've seen Bad News from US but yet USD strengthen and vice versa. The market so tricky nowadays since the SUB PRIME Issues came out. Not imminent like the IR CUT. We've got element of SURPRISE here Or might just be a LAME news

From TA point of view... we have got lots of indicators showing where are the SUPPORTS lines. If BEARISH... watch out for those SUPPORTS lines. If BULLISH... for me... only the FIBBO extension and the ROUND numbers (psychology) are the targets. As right now... still good to buy from dip and exit when nearly close to the HIGH.

For those in favor for auto execution order, you might one to consider this:

BUY STOP at the price above the upper BB about 5 to 10 pips.

SELL STOP at the price below the lower BB about 5 to 10 pips.

Do this PENDING ORDER about 10 to 5 mins before the actual NFP report release. Provided if the BOLINGGER BAND still FLAT at that time.

Make sure to back up this with good MONEY MANAGEMENT. Put SL and TP wisely.

Once the report is announced... hopefully a SURPRISE one... there will be a spike. It will hit either one of those PO. If it hit BUY STOP... straight away cancel SELL STOP... and vice versa.

A>Y>O>R >>> At Your Own Risk.
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  • #994
  • Nov 2, 2007 1:48am Nov 2, 2007 1:48am
shamx77, zul...etc

it was good trading days since a week ago on gu. i have been using wma20 and sma30, whenever the price falls, or the so called "correction" then it will bounce back north after touching wma20 and sma30 . we know that it is uptrend and i don't have to worry. looking at 15m, 1hr and 4h chart, it religiously follow that rules that it must bounce up and work all the way up. i wonder all traders using these indicators, which is near perfect. especially when it comes to europe and us session. i use to encounter -60 pips correction and i close later 120 pips above. meaning i gain 60 pips. when blair resigned it went down 130 pips and work all the way up, thrust into higher area. some questions here. which time frame chart that i need to rely on, i might not very good at candlestick but i can read and see something.

if it is going to be a reversal of trend, which chart to look at. on fundamental, exception is non farm, chain effect from this event. how to detect whether that is really a crash and tomorrow price will work all the way down.

i am a chartist. but i don't forget fundamental. say something please.
  • #995
  • Nov 2, 2007 2:05am Nov 2, 2007 2:05am
Quoting alexw
Amenlo9
thanks, did you add sell at 6/8 238.90 3hrs ago and exit 237.80:
Amenlo9

This is my trading charts :
Trade what you see don't trade what you think
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  • #996
  • Edited 2:51am Nov 2, 2007 2:20am | Edited 2:51am
Quoting msmsms
shamx77, zul...etc

it was good trading days since a week ago on gu. i have been using wma20 and sma30, whenever the price falls, or the so called "correction" then it will bounce back north after touching wma20 and sma30 . we know that it is uptrend and i don't have to worry. looking at 15m, 1hr and 4h chart, it religiously follow that rules that it must bounce up and work all the way up. i wonder all traders using these indicators, which is near perfect. especially when it comes to europe and us session. i use to encounter -60 pips correction and i close later 120 pips above. meaning i gain 60 pips. when blair resigned it went down 130 pips and work all the way up, thrust into higher area. some questions here. which time frame chart that i need to rely on, i might not very good at candlestick but i can read and see something.

if it is going to be a reversal of trend, which chart to look at. on fundamental, exception is non farm, chain effect from this event. how to detect whether that is really a crash and tomorrow price will work all the way down.

i am a chartist. but i don't forget fundamental. say something please.
That's the beauty of BUY FROM DIP As long as you've noticed the overall TREND... you'll know where the market is heading. Trend is easily noticed on chart H1 and above. Providing you've ZOOM OUT few times. Below that time frame... you'll probably see lots of NOISES. Some trader switch to a lower time frame in order to find the PERFECT entry/exit signals. If you are a scalper... another story... M15 is the best:

This is about RISK MANAGEMENT. For me is very important to reduce the risk... hence Follow the trend not against it. I really have to be careful about this as ALL my income based on my INVESTMENT and TRADING. Planning to open a CAFE soon as my back up plan Therefore if I am unsure of the market TREND... I would rather STAY OUT. No harm in waiting... you might missed the opportunity... but you might also be on the wrong train. I would rather see my profit growing than see it decreasing.

As right now we are like the "EGG on the tip of the BULL horn". TA indicating that it is about time for the REVERSAL but nothing confirmed the reversal signal yet. FA as at this moment... should be Bullish for Cable. However... we don't know what news gonna come out tomorrow. What about the Sub Prime Issues in the UK? Heard about the NORTHEN ROCK case?

If there will be a BIG REVERSAL soon... I just gonna watch and confirm it with the FA. I am gonna study the Economic pattern of both countries and then only make conclusion to confirm that TREND REVERSAL. Then only I will catch the next train.

For me... I am playing in the DANGER ZONE now... I really have to be careful. No matter what... money management is very important. I might place a few SHORTs with tight SL if it is so obvious the market is going down.


  • #997
  • Nov 2, 2007 2:22am Nov 2, 2007 2:22am
Quoting Malaysia
amenlo9 Care to share the RAINBOW technique... put some colors in this thread
i thought scalping is not allow here

will post some if other dont mind
  • #998
  • Nov 2, 2007 2:26am Nov 2, 2007 2:26am
Quoting alexw
Amenlo9

This is my trading charts :
Trade what you see don't trade what you think
i did enter sell but on EUR/JPY.

yea,always trade what u see and don't hope what u think.

more butterfly please
  • #999
  • Edited 2:56am Nov 2, 2007 2:36am | Edited 2:56am
Quoting alexw
Amenlo9

This is my trading charts :
Trade what you see don't trade what you think
Somehow I disagree with that statement. Sorry aaa alexw... not to say that you are completely wrong. Just something to THINK of... if not... might as well just leave it to the ROBOT to trade :

75% of the world's population don't actually think.
20% of it think that they are thinking.
05% of it actually do some serious THINKING.

I don't know where they actually got this figure... but from my everyday life interacting with people... somehow it seems so true.

I was a serious TA trader before and never wanna know anything about FA... well... it works on others but certainly not for me. Now I am TA & FA trader... I find it more interesting and profiting. Different people with different approach. This is subjective and open for discussion. It's a matter of preference. No right or wrong

No heart feeling aaaa alexw
  • #1,000
  • Nov 2, 2007 2:42am Nov 2, 2007 2:42am
Quoting amenlo9
i thought scalping is not allow here

will post some if other dont mind
Eh Did I mentioned SCALPING not allowed here meh? This thread is open for every trading style and posibility. So that we all equipped with many tools. Selecting the right tolls is another story... depending on oneself. Since it is an open FORUM... everyone entitled for their say. Just give the constructive critics if you are disagree on something. Then we all GROW wiser in a harmony environment
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