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Help needed in OANDA + users from Malaysia 105 replies

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  • #2,921
  • Nov 29, 2007 1:11am Nov 29, 2007 1:11am
Quoting Malaysia
3:00pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Nationwide House Prices m/m -0.8% 0.1% 1.1%

Really RED NEWS!!!!!! Yahoooooooooooooo..... Deleting my PO Buy STOP and enjoying the FREE FALL. Changing SL to 10pips below entry price.

The 50% Fibbo is the obstacle now. Come on BEAR... BREAK IT!!!!
Its going down alright..but I don't see a free fall
  • #2,922
  • Nov 29, 2007 1:16am Nov 29, 2007 1:16am
Quoting fxcritic
Its going down alright..but I don't see a free fall
The 50% Fibbo from yesterday LOW and HIGH happen to be at the PSYCHOLOGICAL BARRIER.. 2.0700. Really STRONG SUPPORT that is... My SL got hit!!! BANKED in Usd100 easily I am ready for another SFB.
  • #2,923
  • Nov 29, 2007 1:26am Nov 29, 2007 1:26am
Looking at the EU and UsdChf indicating that USD is also weakening.... Hence we got DUAL effect contradicting each other. Pound is weakening because of the RED NEWS but at the same time USD also weakening. Hence.... halting CABLE from a free fall. That's why very tricky to trade at the end of the year. Confusing

p/s: If UsdChf dropping heavily meaning Dollar weakening at a faster rate than Pound weakening... we might see a BULL market on CABLE.... and vice versa.
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  • #2,924
  • Nov 29, 2007 1:34am Nov 29, 2007 1:34am
Quoting Malaysia
This news very important for today. That will indicate either the subprime problem is getting worsen over there in England. If the NEWS really RED... we might see 2.0600 then 2.0500. The subprime problem had done its damage on US... the US economy still hasn't really heal up yet. But their FED had taken necessary action to fix back the economy growth... and they still fixing.

For UK... they fixed their IR last time... if Subprime Crisis really out of control over there... they'll have no choice. They've got to CUT the Interest Rate. Thus... weakening the POUND STERLING.

Since FED gonna CUT IR... BOE also gonna CUT IR... the market end up in the middle. Might be Long way Down than Long way Up... depend on who gonna CUT IR first. Back to basic.... EQUILIBRIUM.

3:00pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Nationwide House Prices m/m ??? 0.1% 1.1%
Ya, not much free drop, maybe just like sham's post just now, FED gonna cut IR, BOE also gonna cut IR, everybody also want to cut, so that the we see what we see today. yesterday i am in the LONG plan to see POLAR-BULL, bank in some profit. Today i am in my boat to see BEARGUINE, profit taken. Not going to place any order cos tonite i really in the plan flying to see BUSH. Good luck and Green Pips everyday. http://www.forexfactory.com/images/icons/icon14.gif
  • #2,925
  • Nov 29, 2007 1:34am Nov 29, 2007 1:34am
Quoting Malaysia
Thank you very much G33maroon Much appreciated. I was wondering also... he said that his sifoo advice him on MM about the 10% thinggy only. What about other MM? Entry... Exit... TP.... SL... TS... take loss. I was surprise with the 10% thinggy as well... don't really border commenting on it since he already got a sifoo. I just don't want him to get confused. Perhaps he'll learn from mistakes.
Opss... sorry G33maroon. I made a mistake. It's 10% with a minimum of $500, not $300. sorry for that. I really appreciate ur advice man. it's like in the babypips. But to follow that rule i think it's just impossible for a youngster like me. where the heck am i going to get that load of muney eh? oh, forgot to mention. I only trade mini lots, not standard lots. And yes Malaysia, my sifoo did taught me about SL, TP etc. usually what I do is I'll enter a trade when I'm really confident that it'll go into my favor. I don't set SL, because it'll get hit. seriously, especially for EJ & GJ. then I set TL and put SL where I can guarantee 10 pips. u know what I'm saying? heheh. sorry if I didn't explained it very well.

To practice 10% out of $500 really requires strict rules and discipline. I only trade 1 lot per pair and per trade (and sometimes even per day!). Well, different trade different personality right? heheh

Thanks for ur advice Malaysia & G33Maroon. Saya benar-benar menghargainya. Terima kasih
  • #2,926
  • Nov 29, 2007 1:39am Nov 29, 2007 1:39am
Quoting Malaysia


p/s: If UsdChf dropping heavily meaning Dollar weakening at a faster rate than Pound weakening... we might see a BULL market on CABLE.... and vice versa.
Thats what I figured. Try to put long..see how far it goes
  • #2,927
  • Nov 29, 2007 1:42am Nov 29, 2007 1:42am
Quoting tkh33
Ya, not much free drop, maybe just like sham's post just now, FED gonna cut IR, BOE also gonna cut IR, everybody also want to cut, so that the we see what we see today. yesterday i am in the LONG plan to see POLAR-BULL, bank in some profit. Today i am in my boat to see BEARGUINE, profit taken. Not going to place any order cos tonite i really in the plan flying to see BUSH. Good luck and Green Pips everyday. http://www.forexfactory.com/images/icons/icon14.gif
Ya... you mentioned earlier that you'll be on HOLIDAY in the USA Enjoy your X-Mas over there

p/s: Kirim salam kat BEN BERNANKE :
  • #2,928
  • Nov 29, 2007 1:44am Nov 29, 2007 1:44am
Quoting Malaysia
The 50% Fibbo from yesterday LOW and HIGH happen to be at the PSYCHOLOGICAL BARRIER.. 2.0700. Really STRONG SUPPORT that is... My SL got hit!!! BANKED in Usd100 easily I am ready for another SFB.
Shamxx77 are you trading on real account or just a demo account? how much % of profit have you made so far? I read in previous threads you have 15 clients, are you trading for your clients now?
  • #2,929
  • Nov 29, 2007 1:44am Nov 29, 2007 1:44am
Quoting fxcritic
Thats what I figured. Try to put long..see how far it goes
You'll get a better chance if you Short on UsdChf or Long on EU.

A.Y.O.R
  • #2,930
  • Nov 29, 2007 1:46am Nov 29, 2007 1:46am
USD/JPY Intraday London session
1st sup.
109.84
2nd sup.
109.53
3rd sup.
109.27
1st res.
110.48
2nd res.
110.75
3rd res.
111.10

Counter trend strategy can be considered for short positions on fail of initial resistance at @ 110.48 with targets at 109.84 & 109.53.Trend following strategy can be applied on fail initial support for long position at 109.84 with target at 110.48.

Alternative scenario, the upside breakout of 110.48 will open the way to 110.75.

Comment: The pair has broken above a short term bearish channel resistance.

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  • #2,931
  • Nov 29, 2007 1:47am Nov 29, 2007 1:47am
Quoting Malaysia
Ya... you mentioned earlier that you'll be on HOLIDAY in the USA Enjoy your X-Mas over there

p/s: Kirim salam kat BEN BERNANKE :
Thank you. Sama-sama, Merry X'mas and Happy New Year. I will kirim salam kat BEN, any message for him??? let you all know are they going to cut or not ( IR.... dont get me wrong ... he he) since i will arrived US on 30 Nov 07.
  • #2,932
  • Nov 29, 2007 1:50am Nov 29, 2007 1:50am
Quoting macpherson
Shamxx77 are you trading on real account or just a demo account? how much % of profit have you made so far? I read in previous threads you have 15 clients, are you trading for your clients now?
As a matter of fact... my clients is viewing my performance from this thread

p/s: Didn't I mentioned that I am no longer trading on DEMO. I was creating a SYSTEM using that Demo acc. Now that I am comfortable with it... I go LIVE. Just have a look at my entry on the CHART... is that DEMO CHART?

No point talking about past performance. In FOREX... past performance does not project to FUTURE performance. I already mentioned that when the FRESH NEW ACC with USD5000 activated... I'll report every ENTRY and EXIT in here... just like my 200% Return Demo Acc.
  • #2,933
  • Nov 29, 2007 1:55am Nov 29, 2007 1:55am
Huhuhuhu... CARRY TRADES (Jpy Pairs) do some UNWINDING now!!!! I wonder if the GOLD and OIL price start to shoot Up now... Must be something got to do with RISK AVERSION again.
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  • #2,934
  • Nov 29, 2007 2:16am Nov 29, 2007 2:16am
[quote=Malaysia;1736322]You'll get a better chance if you Short on UsdChf or Long on EU.

A.Y.O.R
[/quote]

Opsssiii... sorry dude... Wrong CALL Hope that you didn't took any action on it.
  • #2,935
  • Nov 29, 2007 2:19am Nov 29, 2007 2:19am
London Open... and USD start to gain strength. I went short below that 2.0700 barrier. Manual SL and TP with this kind of market psychology... I did put TS 15 though. 61.8% Fibbo might be my TP... let see how strong the bear at testing that Support.

p/s: Now that CARRY TRADE start to WINDING UP... including GJ halting the CABLE to drop easily. Urggggggghh.... I hate this

A.Y.O.R
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  • #2,936
  • Nov 29, 2007 2:19am Nov 29, 2007 2:19am
I Short on EU Hope i'll get millions of pips from this trade. hahaha... just kidding. harap-harap dapat lah untung. amien...
  • #2,937
  • Nov 29, 2007 2:22am Nov 29, 2007 2:22am
Well guys. When we're Shorting on EU, we should LONG on USD/CHF. isn't it? well, my sifoo called it mirror technique. That's what I see. what about u guys?
  • #2,938
  • Nov 29, 2007 2:25am Nov 29, 2007 2:25am
I am speechless : Alhamdulillah
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  • #2,939
  • Nov 29, 2007 2:29am Nov 29, 2007 2:29am
Hye Malaysia. My sifoo also has been trading for 3 years. He earned like RM20K per day (of course not on Monday :-p) I'm sure u're like him. u got vast experience right. I guess ur on the right track. I salute u lah

p/s: Based on ur profile, heheh (assumption: u said 1-3 years, i assume 3 years :-p)
  • #2,940
  • Nov 29, 2007 2:33am Nov 29, 2007 2:33am
My TS 15 pips working out alright If CABLE bounce back... I'll BANKED in USD400 Let the PROFIT runs

p/s: Opppssiii AZAN ASAR.... Hayyyaa'alal Solah!!! Hayyaa'alal Falah!!! I can leave the monitor now... So HAPPY
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