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Help needed in OANDA + users from Malaysia 105 replies

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  • #2,441
  • Nov 20, 2007 11:59am Nov 20, 2007 11:59am
Sorry..can someone tell me what BFD stand for
  • #2,442
  • Nov 20, 2007 12:07pm Nov 20, 2007 12:07pm
Quoting Sephroth08
Sorry..can someone tell me what BFD stand for
BFD == Buy From Dip
  • #2,443
  • Nov 20, 2007 4:54pm Nov 20, 2007 4:54pm
GBP/USD Fundamental Alert (by permission of Terry Belkas)
Date: NOV 21
Bank of England Meeting Minutes (NOV 8) (09:30 GMT; 04:30 EST)
Expected Vote: 6-3 ; Previous Vote: 8-1
General Market Reaction
The biggest event risk for the UK markets this week comes from the release of the minutes from the Bank of England’s November meeting, as they are likely to echo much of the sentiment reflected in the Quarterly Inflation Report. However, the market-moving piece of information will be the vote count, as just a few additional motions for a rate cut could lead investors to ramp up speculation that the BOE will indeed make monetary policy more accommodative in coming months. Despite a surprise surge in inflation above the bank’s 2.0 percent target early last week to 2.1 percent, the Quarterly Inflation Report proved to be surprisingly dovish. While the BOE’s view that inflation risks are 'balanced' and expectations that GDP growth will slow 'sharply' in 2008 sound decidedly neutral, the bank’s outlooks assumed at least one rate cut in 2008, providing a markedly dovish tone. This was somewhat contradictory to the market's perceived bias beforehand. With oil and other commodity prices rocketing to record highs, there are well-warranted concerns that global inflation will rise significantly, and the prospect of increased price pressures only compounds the problems that the BOE already faces as they contend with uncertainty surrounding the ongoing reappraisal of risk in the financial markets. Indeed, it appears that Bank of England Governor Mervyn King has started to fold under pressure after taking quite a bit of flak following the run on Northern Rock in September, as critics say that he failed to help the situation when he refused to provide extra liquidity amidst the rapid tightening of the credit markets. In fact, King – an ardent inflation hawk that is strongly against increasing the risk of moral hazard – left the UK's benchmark lending ready steady at 5.75 percent for the fourth consecutive month on November 8th, as more accommodative monetary policy would only fan price pressures. However, it is starting to become clear that the bank will probably cut rates by 25bp to 5.50 percent in the first quarter of 2008, which will do little to reignite a bid for the British pound or quell gains for Gilts.

GBP/USD Price Reaction

The British pound continues to rally after bouncing from trendline support at 2.0350, as dollar weakness remains one of the major drivers of the forex markets. However, one of the reasons GBP/USD dropped last week was the surprisingly dovish Quarterly Inflation Report from the BOE, and this sentiment could emerge again on Wednesday. Indeed, the minutes from the BOE’s November monetary policy meeting are scheduled to be released, and they are anticipated to reflect a 6-3 vote to keep rates steady, with the remainder in favor of a 25bp cut. After the October meeting showed an 8-1 vote, the news would suggest that the MPC board is becoming increasingly likely to cut rates during the first quarter of 2008. Furthermore, the discussion during the meeting is likely to highlight additional concerns regarding growth and the instability in the financial markets, all of which may be bearish for Cable. Support lies below at 2.0450 and the aforementioned trendline at 2.0350, providing much room for the pair to fall. Nevertheless, if dollar weakness remains the name of the game for the forex markets, GBP/USD could continue to ascend towards 2.10.

Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.
  • #2,444
  • Nov 20, 2007 5:43pm Nov 20, 2007 5:43pm
GBP/USD Intraday Trade Caution
1st sup.
2.0613
2nd sup.
2.0591
3rd sup.
2.0572
1st res.
2.0682
2nd res.
2.0732
3rd res.
2.0762


Short positions can be considered on fail of initial resistance at 2.0682 with targets at 2.0613 & 2.0591 in extension.

Alternative scenario, breakout to the upside of 2.0682 looks for further upside with 2.0732 & 2.0749 as targets.

Comment: the 14-min CCI with current price near upper channel is posting a bearish divergence calling for a downturn.

Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.
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  • #2,445
  • Nov 20, 2007 5:57pm Nov 20, 2007 5:57pm
Good Morning MALAYSIA Rise and shine!

I've been making lots of small small pips by scalping BUY FROM DIP so far. Just place SL wisely. I'll keep on scalping until SL got hit and there's sign of reversal. Lots of TREND LINES can be drawn.

A.Y.O.R >>> At Your Own Risk.
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  • #2,446
  • Nov 20, 2007 6:19pm Nov 20, 2007 6:19pm
Quoting Zul
GBP/USD Intraday Trade Caution
1st sup.
2.0613
Short positions can be considered on fail of initial resistance at 2.0682 with targets at 2.0613 & 2.0591 in extension.

Alternative scenario, breakout to the upside of 2.0682 looks for further upside with 2.0732 & 2.0749 as targets.

Comment: the 14-min CCI with current price near upper channel is posting a bearish divergence calling for a downturn.
I am considering the 2.0613 is the KEY SUPPORT for now Nearby 50% Fibbo by the way. I'll just keep on BFD >>> BUY FROM DIP until that Key Support is broken. Not wanting to go short with this kind of market psychology. However... the current price still a little bit lower than yesterday close. A little bit of BEAR Bias exist though. If the BULL manage to get higher than yesterday Close... the BULL will influence the market psychology for today. This is just my preliminary TA for today.
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  • #2,447
  • Nov 20, 2007 6:31pm Nov 20, 2007 6:31pm
Quoting Malaysia
200% RETURN WITHIN A MONTH ACHIEVED!!!
"Invest With The Insiders, Not The Masses" George Muzea
  • #2,448
  • Nov 20, 2007 6:37pm Nov 20, 2007 6:37pm
Quote
5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif MPC Meeting Minutes ??? 7-2 8-1

The Bank of England (BOE) Monetary Policy Committee (MPC) Meeting Minutes are a detailed record of the committee's interest rate meeting held about two weeks earlier. The minutes expose the votes cast at the meeting and can give traders further insight into the central bank's stance on monetary policy. Traders carefully comb the minutes for clues regarding future interest rate shifts.

From my FA... this vote will be the center of attention for today. Previously voted 8-1 to fixed the IR. Now being forecast 7-2.

If the actual data come out 8-1 again... BULL will dominate the Cable market and we could see 2.1000 again!

However, with the sign of slow economic growth in the UK plus the Northen Rock Bank issues and the subprime problem... still keeping everyone weary. I'm speculating it should be 7-2 or 6-3. If this is reported... FREE FALL will take place. Hence, the 1st Train to the SOUTH with the BEARGUIN
  • #2,449
  • Nov 20, 2007 6:42pm Nov 20, 2007 6:42pm
Quoting Qu|cksilver
I heard you've got around 1000 pips Green on you live acc last night!!!

Congratulation Bro
  • #2,450
  • Nov 20, 2007 7:08pm Nov 20, 2007 7:08pm
Quoting Malaysia
I heard you've got around 1000 pips Green on you live acc last night!!!

Congratulation Bro
LOL.
Thanks bro..

So on february confirm?
"Invest With The Insiders, Not The Masses" George Muzea
  • #2,451
  • Nov 20, 2007 7:55pm Nov 20, 2007 7:55pm
hi MALAYSIA

need help i am new can you explaine what all these abbreviations mean? thank you
m30,
cs,
m5,
smau,
gu,
sfb,
wma,
m15,
doji,

MAGIC TRIANGLE.
dojis,
RISK AVERSION,
LONDON OPEN,(what time)
BFD,

also
and how to set up a chart fibo
  • #2,452
  • Edited Nov 21, 2007 12:36am Nov 20, 2007 8:04pm | Edited Nov 21, 2007 12:36am
Quoting jdhj1
hi MALAYSIA

need help i am new can you explaine what all these abbreviations mean? thank you
m30, 30minutes charts
cs, candlesticks
m5, 5minutes charts
smau,
gu, GBP/USD
sfb, Sell From Bounce
wma, Weighted Moving Average
m15, 15minutes charts
doji, japanese candlesticks, google to know more

MAGIC TRIANGLE.
dojis, same as doji
RISK AVERSION,
LONDON OPEN,(what time) 4pm Malaysian time
BFD, Buy From Deep

also
and how to set up a chart fibo

that's all i know...
  • #2,453
  • Nov 20, 2007 8:22pm Nov 20, 2007 8:22pm
hi jdhj1

learn candlestick patterns here

http://stockcharts.com/school/doku.p...o_candlesticks

http://www.tradingday.com/c/candlesticks/

very useful.
  • #2,454
  • Nov 20, 2007 10:45pm Nov 20, 2007 10:45pm
Everyone sleeping??
  • #2,455
  • Nov 20, 2007 11:50pm Nov 20, 2007 11:50pm
[quote=Zul;1723555]GBP/USD Intraday Trade Caution
1st sup.
2.0613
2nd sup.
2.0591
3rd sup.
2.0572
1st res.
2.0682
2nd res.
2.0732
3rd res.
2.0762


Short positions can be considered on fail of initial resistance at 2.0682 with targets at 2.0613 & 2.0591 in extension.

Alternative scenario, breakout to the upside of 2.0682 looks for further upside with 2.0732 & 2.0749 as targets.

Comment: the 14-min CCI with current price near upper channel is posting a bearish divergence calling for a downturn.

zul,

you are referring to 30m chart with 14min CCI. can i use for other time frame. will it be better or worse or does not make sense. and also RSI 14, can i use with this 30m chart.
  • #2,456
  • Nov 21, 2007 1:39am Nov 21, 2007 1:39am
Quoting Malaysia
I am considering the 2.0613 is the KEY SUPPORT for now Nearby 50% Fibbo by the way. I'll just keep on BFD >>> BUY FROM DIP until that Key Support is broken. Not wanting to go short with this kind of market psychology. However... the current price still a little bit lower than yesterday close. A little bit of BEAR Bias exist though. If the BULL manage to get higher than yesterday Close... the BULL will influence the market psychology for today. This is just my preliminary TA for today.
Yeah I agree with you,Sham !Buy from dip should be priority for low risk trade the fact that the initial intraday trend still on favor up trend.Short only apply for scalp strategy with tight profit margin but very high risk until the price show the exact direction probabaly when the MPC vote out.Be careful when place the trade everyone!
  • #2,457
  • Nov 21, 2007 1:51am Nov 21, 2007 1:51am
:
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  • #2,458
  • Nov 21, 2007 1:58am Nov 21, 2007 1:58am
USD/JPY Intraday London session
1st sup.
108.79
2nd sup.
108.16
3rd sup.
107.87
1st res.
109.26
2nd res.
109.50
3rd res.
109.81

Counter trend strategy can be considered for long positions on fail of initial resistance at 108.79 with targets either at 108.26 or 109.50.

Alternative scenario, the downside penetration of 108.79 will call for 108.2 & 107.79.

Comment: the pair is bouncing off a bearish channel support & the 30-min RSI is reversing up.

Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.
  • #2,459
  • Nov 21, 2007 1:58am Nov 21, 2007 1:58am
Quoting hunt17
that's all i know...

Nice one mate! Except the SFB is actually SELL FROM BOUNCE.... not below.
  • #2,460
  • Nov 21, 2007 2:01am Nov 21, 2007 2:01am
Quoting Qu|cksilver
LOL.
Thanks bro..

So on february confirm?
Maybe January... Not sure yet. If 1st January should me Great... The Opening of My CAFE
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