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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #2,341
  • Nov 19, 2007 12:15pm Nov 19, 2007 12:15pm
That's a confirm BREAKOUT. The whole CS forming outside the TRIANGLE. If half the body inside and another half outside... not a confirm breakout.
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  • #2,342
  • Nov 19, 2007 12:27pm Nov 19, 2007 12:27pm
might SFB later ...
  • #2,343
  • Nov 19, 2007 12:29pm Nov 19, 2007 12:29pm
That's it for tonight. Another ROLLER COASTER DAY!!! My SL got hit and I am off to bed for another battle tomorrow. Good night everybody May Green pips be with you all

p/s: I don't think the BEAR gonna break that 50% Fibbo tonight.... it's gonna be PING PONG PANG PUNG till tomorrow. But that is what I "think".
  • #2,344
  • Nov 19, 2007 12:33pm Nov 19, 2007 12:33pm
Thank u going to bed also. I made pips shorting, no luck on the longs. I shorted again set my limits. Inshalla i will have a suprise (Good) when I check later.
Ahmad
  • #2,345
  • Nov 19, 2007 12:37pm Nov 19, 2007 12:37pm
me surrender already today. i lost usd8 ... will resume battle tomorrow. but the triangle really a new lesson and effective lesson to me.

i assume usd8 is my investment to learn .
  • #2,346
  • Nov 19, 2007 2:10pm Nov 19, 2007 2:10pm
GBP/USD Update

The 30 SMA just cross 20 WMA on 30 minutes chart with the closed of green candle for 1st signal of down trend. Short positions can be consider at this point if there any follow through to the downside by placing entry order any fail of initial resistance such as at this time I am writing the initial resistance should be around 2.500 to 2.0521.Placing entry order for short positions on fail of initial resistance will reduce the trade risk for stop losses in case of wider pull back on the price action for the down trend movement.In general, short on fail of resistance on down trend movement always recommended.

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  • #2,347
  • Nov 19, 2007 6:15pm Nov 19, 2007 6:15pm
Morning every one in malaysia...looks like our cable is in intact....
Patience is virtue
  • #2,348
  • Nov 19, 2007 6:53pm Nov 19, 2007 6:53pm
Hi all,

Any Fx Trader from Singapore here?
  • #2,349
  • Edited 7:41pm Nov 19, 2007 7:29pm | Edited 7:41pm
broke 23.6........sell triggered..
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Patience is virtue
  • #2,350
  • Nov 19, 2007 8:01pm Nov 19, 2007 8:01pm
Quoting totally
broke 23.6........sell triggered..
10 pips only...SFB again?where is every one?..
Patience is virtue
  • #2,351
  • Nov 19, 2007 8:10pm Nov 19, 2007 8:10pm
Quoting Blue bottle
Hi all,

Any Fx Trader from Singapore here?
jest1081 is from Singapore.he is very good
  • #2,352
  • Nov 19, 2007 8:36pm Nov 19, 2007 8:36pm
Sham, the papers mentioned that a further Fed cut is advisoble in order to regain activities in US. Em, does that mean that I should go short in US dollar? How accurate is the news in the papers and what is the time gap?

Thanks.
Carmen
  • #2,353
  • Nov 19, 2007 9:23pm Nov 19, 2007 9:23pm
Good Morning Malaysia Oppsss... nearly afternoon How we doing so far? Hmmm.... Cable still palying between 23.6% Fibbo to 50% Fibbo. Like I said last night... It's not gonna Break that 50% Fibbo. For today... the whole new story.
  • #2,354
  • Nov 19, 2007 9:27pm Nov 19, 2007 9:27pm
Quoting Malaysia
Good Morning Malaysia Oppsss... nearly afternoon How we doing so far? Hmmm.... Cable still palying between 23.6% Fibbo to 50% Fibbo. Like I said last night... It's not gonna Break that 50% Fibbo. For today... the whole new story.
Its going to be long today all the way... I hope
  • #2,355
  • Nov 19, 2007 9:40pm Nov 19, 2007 9:40pm
Quoting Lum Carmen
Sham, the papers mentioned that a further Fed cut is advisoble in order to regain activities in US. Em, does that mean that I should go short in US dollar? How accurate is the news in the papers and what is the time gap?

Thanks.
Carmen
Ayyaaaa... don't get news from the newspaper. Try to have NEWS FEED or Watch Bloomberg or Frequently updated Website. By the time the news is printed on the paper the market already move.

With FA you have to understand between hard fact, rumors and speculation/prediction. Like Dow theory, there will be 3 stages. Immediate effect, medium term effect, long term effect. With this I add 1 more... the beforehand effect... meaning sometimes the market already moved before the actual news release because of the prediction/speculation based on day to day economic indicators, i.e. GDP... Trade Balance... Inflation report... Unemployment data... Housing sales... CPI... etc. This is called PRICED IN.

If US economic indicators showing no sign of improvement... this will force the FED to further CUT the Interest Rate. Thus will weaken Dollar. Past weeks we all also know that UK having problem with its INFLATION REPORT meaning... BOE might be forced to CUT the IR as well. Hence, weaken the Pound Sterling. To add to the CHAOS situation... we also got news from CHINA MAN planning to move reserve to Euro. Add some more from the Middle East News... Add some more the OIL Prices... Add some more.... Add some more....

This is why the MARKET is behaving like CRAZY now. UP DOWN UP DOWN. Whichever immediate news come out will straight away affecting the market psychology. Plus we are getting near to the END of the YEAR. All tense build up caused the market to be very fragile and volatile. There are lot of "NOISES" if you are doing TA on shorter time frame. Really unpredictable. That's is why the best friend we all got right now is our MONEY MANAGEMENT. Trade wisely
  • #2,356
  • Nov 19, 2007 9:47pm Nov 19, 2007 9:47pm
I am in favor of SFB today until there's a REVERSAL. The 20 wma is being touch by the BULL already right now. I am SHORT with manual SL and TP.
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  • #2,357
  • Nov 19, 2007 9:55pm Nov 19, 2007 9:55pm
Quoting Malaysia
I am in favor of SFB today until there's a REVERSAL. The 20 wma is being touch by the BULL already right now. I am SHORT with manual SL and TP.
Shooottt... MAD COW disease!!! Putting my SL above 2.0500!!! Really bad trade to start with
  • #2,358
  • Nov 19, 2007 10:03pm Nov 19, 2007 10:03pm
Quoting Malaysia
Shooottt... MAD COW disease!!! Putting my SL above 2.0500!!! Really bad trade to start with
The Mad Cow isn't so mad after all... yeah... come on BEAR... bite the Cow's Butt Placing TP a little bit higher than the 50% Fibbo.
  • #2,359
  • Nov 19, 2007 10:11pm Nov 19, 2007 10:11pm
Quoting Malaysia
The Mad Cow isn't so mad after all... yeah... come on BEAR... bite the Cow's Butt Placing TP a little bit higher than the 50% Fibbo.
GOOD AFTERNOON, I OPEN SHORT THIS MORNING 6AM AT 497 AND HIT TP 460, ALREADY BANK IN $50. GOOD START TODAY. NOW TREND SEEMS GOING UP, WAITING FOR LONDON BRIDGE AGAIN... BUT TODAY GOT FEW NEWS.. REALLY NEED TO TRADE WISELY.
  • #2,360
  • Nov 19, 2007 10:12pm Nov 19, 2007 10:12pm
Quoting Malaysia
The Mad Cow isn't so mad after all... yeah... come on BEAR... bite the Cow's Butt Placing TP a little bit higher than the 50% Fibbo.
:surprisedShoot!!! Mad Cow Disease again! My SL is at 2.0510. This doesn't looks good. A few RED trades today... I am OUT for the whole day.
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