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Help needed in OANDA + users from Malaysia 105 replies

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  • #1,101
  • Nov 5, 2007 12:08am Nov 5, 2007 12:08am
Look at that!!! Some action... finally Dropping everywhere... USD strengthening a bit. TREND REVERSAL? Not yet for me... never mind... catching the next train. PATIENCE is the game
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  • #1,102
  • Nov 5, 2007 12:13am Nov 5, 2007 12:13am
Quoting Malaysia
Look at that!!! Some action... finally Dropping everywhere... USD strengthening a bit. TREND REVERSAL? Not yet for me... never mind... catching the next train. PATIENCE is the game

Holding on Cable big time. Wish me luck
Monthly Profit & Lost :- May - +85 pips
  • #1,103
  • Nov 5, 2007 12:16am Nov 5, 2007 12:16am
Cable is testing the 38.2% Fibbo while EurUsd breaking the 50% Fibbo. HEAVY FIGHT between the BEAR and the BULL!
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  • #1,104
  • Nov 5, 2007 12:20am Nov 5, 2007 12:20am
shamx77,

look at big picture. this is just a small correction. if it is really reversal, then i might be wrong. screw me.
  • #1,105
  • Nov 5, 2007 12:25am Nov 5, 2007 12:25am
Quoting msmsms
shamx77,

look at big picture. this is just a small correction. if it is really reversal, then i might be wrong. screw me.
Certainly NOT yet to conclude it is a REVERSAL. As right now... just the price correction. Ready to BUY FROM DIP
  • #1,106
  • Nov 5, 2007 12:26am Nov 5, 2007 12:26am
blackhand,

wma is linear weighted moving average. apply to close.tq
  • #1,107
  • Nov 5, 2007 12:26am Nov 5, 2007 12:26am
might go back to the support. don't forget to by the dip
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"Invest With The Insiders, Not The Masses" George Muzea
  • #1,108
  • Nov 5, 2007 12:28am Nov 5, 2007 12:28am
Quoting Malaysia
Ayaaaaaa... just a tiny tiny GAP on Cable. Didn't take any action yet. Quite significant GAPS on GJ and UJ though. The price right now already touched the OPEN for today (not necessarily have to close the gap) ... That's the target if you Buy From Dip earlier on UJ and GJ. Following the theory... should be BEARISH bias. However... I am NOT gonna do any SHORT as I am still stick with the Plan BUY FROM DIP. Unless if I see a big turning point or any Fundamental confirming that REVERSAL.

p/s: Refering to my OWN H1 charts... your might be different.
Anyone doing the Dead CAT Bounce technique earlier on... smile on... Put your SL already?
  • #1,109
  • Nov 5, 2007 12:41am Nov 5, 2007 12:41am
As at this moment, CABLE is starting to test 50% Fibbo while EurUsd starting to test 61.8% Fibbo. RSI(14) H1 on both Charts still got plenty of room to short. However, I am STICKING with my PLAN... BUY FROM DIP. Placing 1 order right now. LONG on CABLE. With tight SL. The news at 5:30pm will be the Confirmation of the market direction later on. Either act now or after the news... make sure back up your decision with Money Management.
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  • #1,110
  • Nov 5, 2007 12:51am Nov 5, 2007 12:51am
Buy the DIPSSSS
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"Invest With The Insiders, Not The Masses" George Muzea
  • #1,111
  • Nov 5, 2007 12:52am Nov 5, 2007 12:52am
It is wise to wait the RSI to touch the OVERSOLD area to start Buy From Dip. However...the turning point might not necessary to be exactly at RSI 30. The question is... PATIENCE enough?

Already got 1 position Long on GU. As long as the Cable still ranging between 61.8% Fibbo and 50% Fibbo... I am still gonna hold that Long. Timing is very important as well. Let see what 5:30pm News got for us. Anything signaling BAD for UK. I'll bail out.... and wait till US session.
  • #1,112
  • Nov 5, 2007 1:22am Nov 5, 2007 1:22am
Quoting Malaysia
It is wise to wait the RSI to touch the OVERSOLD area to start Buy From Dip. However...the turning point might not necessary to be exactly at RSI 30. The question is... PATIENCE enough?

Already got 1 position Long on GU. As long as the Cable still ranging between 61.8% Fibbo and 50% Fibbo... I am still gonna hold that Long. Timing is very important as well. Let see what 5:30pm News got for us. Anything signaling BAD for UK. I'll bail out.... and wait till US session.
buy from dip alredy ? dont want to wait till news at 5.30?
  • #1,113
  • Nov 5, 2007 1:24am Nov 5, 2007 1:24am
Quoting Malaysia
It is wise to wait the RSI to touch the OVERSOLD area to start Buy From Dip. However...the turning point might not necessary to be exactly at RSI 30. The question is... PATIENCE enough?

Already got 1 position Long on GU. As long as the Cable still ranging between 61.8% Fibbo and 50% Fibbo... I am still gonna hold that Long. Timing is very important as well. Let see what 5:30pm News got for us. Anything signaling BAD for UK. I'll bail out.... and wait till US session.

I read some news on Index of Production (UK). Hopefully this helps. http://www.statistics.gov.uk/CCI/nugget.asp?ID=198
Monthly Profit & Lost :- May - +85 pips
  • #1,114
  • Nov 5, 2007 1:27am Nov 5, 2007 1:27am
Placing SL at Break Even (BE). Let see what the news gonna be like.
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  • #1,115
  • Nov 5, 2007 1:33am Nov 5, 2007 1:33am
very nice drop..
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,116
  • Nov 5, 2007 1:36am Nov 5, 2007 1:36am
:surprised Bad NEWS!!! The BEAR is winning this one. Luckily hit my SL at BE More Cheap price to Buy From Dip

5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Industrial Production m/m -0.4% 0.2% 0.1%
5:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Manufacturing Production m/m -0.6% 0.1% 0.4%
  • #1,117
  • Nov 5, 2007 1:39am Nov 5, 2007 1:39am
Quoting Qu|cksilver
very nice drop..

Good for you Qs I saw you shorted from the top I'll wait for the DISCOUNT price for now
  • #1,118
  • Nov 5, 2007 1:45am Nov 5, 2007 1:45am
11:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif ISM Non-Manufacturing Index

More news tonight If this is GREEN, we could play slam down with the basketball... If this gonna RED, we gonna play GOLF tonight... up up at the way

Caution: Sometimes Good news is Bad news for USD
  • #1,119
  • Nov 5, 2007 1:52am Nov 5, 2007 1:52am
my early today analysis:-

http://elliottwavesignal.com/images/...USD-051107.jpg

*cable have to trade below critical support for this count to be valid
  • #1,120
  • Nov 5, 2007 1:53am Nov 5, 2007 1:53am
RSI nearly 30... touching that... might make me consider to BUY FROM DIP(BFD) with tight SL. Patience Shamx... PATIENCE.

As long as the price don't breach the BLUE AREA SUPPORT... I am still holding on to the BFD decision. A.Y.O.R.
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