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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #2,961
  • Nov 29, 2007 6:55am Nov 29, 2007 6:55am
Quoting Malaysia
Watching the PRIME NEWS at TV3 while having dinner with my wife. Most of the News about BIODIESEL. Malaysian big companies looking opportunity in producing biodiesel from scrap/rubbish/waste. Another company looking opportunity producing biodiesel from alga... cheaper production cost compare from palm oil. Everything about finding alternative to the EXPENSIVE crude oil nowadays.

Somewhere in my thread I've discussed about OIL PRICE. Now we are witnessing the Economics Equilibrium power in action. Whenever, something so expensive with high demand... more producer will keen to supply. In oil case... limited supply. Therefore... people searching for alternative. More research will be done to produce cheaper oil. Hence, if supply increasing... the price will drop. Back to Equilibrium price. In crude oil... the equilibrium price is around Usd60 to Usd70 per barrel.
even we can produce that biodiesel, it will take long time before can enter market. there's too many things to think about other than producing alternative to petrol, in this case biodiesel such as where to get?; will it be easy to get? any modification to be done to vehicle?

i would like to see electric car as the alternative....
  • #2,962
  • Nov 29, 2007 6:58am Nov 29, 2007 6:58am
9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif GDP Annualized q/q (r) ??? 4.9% 3.9%

This news might put a jump start to move the market. However, I hate to trade during US NEWS release nowadays because sometimes Good News is Bad News and vice versa. Have to consider the "RISK AVERSION" as well... stocks price... oil/gold price... too many variables.

Where ever the market goes... I'll follow.
  • #2,963
  • Nov 29, 2007 6:58am Nov 29, 2007 6:58am
I believe EU will be the key if Cable gonna reach that 61.8 Fibo.
If EU manage to close next new 4HR CS below this trendline we gonna see that level soon and next 1.4420 ..of course it will take sometime to reach there.... I might be wrong
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  • #2,964
  • Nov 29, 2007 7:02am Nov 29, 2007 7:02am
Quoting hunt17
even we can produce that biodiesel, it will take long time before can enter market. there's too many things to think about other than producing alternative to petrol, in this case biodiesel such as where to get?; will it be easy to get? any modification to be done to vehicle?

i would like to see electric car as the alternative....
If crude oil price rising to unbelievable Expensive price... those things will happen gradually. That's why those big oil supplier made statement to put production to the max last few days to suppress rising Oil price ... they are scared that alternative will put them out of job.

p/s: I am eying to the new Hybrid Honda Civic
  • #2,965
  • Nov 29, 2007 7:06am Nov 29, 2007 7:06am
Quoting kimi
I believe EU will be the key if Cable gonna reach that 61.8 Fibo.
If EU manage to close next new 4HR CS below this trendline we gonna see that level soon and next 1.4420 ..of course it will take sometime to reach there.... I might be wrong
Quoting kimi
if next 4h CS close below 2.0600 - I'll short target 2.0400 , I maybe wrong..

Very rare to see CABLE dropping or shooting more than 200pips in a day. The 2.0400 maybe possible tomorrow or next week But then... tomorrow is FRIDAY... CRAZY things could happen.
  • #2,966
  • Nov 29, 2007 7:19am Nov 29, 2007 7:19am
As'kum semua. To be frank, I just wanna say that you guys are well ahead of me. I can't even understand what are u drawing on the charts i know it's trendlines and channel. but how do we use it eh? well, i guess it show that I still neede to learn a lot. pheww...

Malaysia, U Got like $1000 per day @ RM 3400. In a month u got like RM 50,000. wow, congrats. it must be tough to get there. I will fight for my right to get me there. Cheers!
  • #2,967
  • Nov 29, 2007 7:22am Nov 29, 2007 7:22am
Quoting Jackhalid
As'kum semua. To be frank, I just wanna say that you guys are well ahead of me. I can't even understand what are u drawing on the charts i know it's trendlines and channel. but how do we use it eh? well, i guess it show that I still neede to learn a lot. pheww...

Malaysia, U Got like $1000 per day @ RM 3400. In a month u got like RM 50,000. wow, congrats. it must be tough to get there. I will fight for my right to get me there. Cheers!
I wish... what about the losses in a day? Whatever it is... it's all my clients money... I just take small commission.
  • #2,968
  • Nov 29, 2007 7:31am Nov 29, 2007 7:31am
Pending Order in place
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  • #2,969
  • Nov 29, 2007 7:38am Nov 29, 2007 7:38am
Quoting Malaysia
Pending Order in place
Ouch!!! bleeding How I hate US NEWS!!! My SELL STOP got triggered. Deleting my BUY STOP PO. My SL above 20wma on M30. Might be loosing on this entry.
  • #2,970
  • Nov 29, 2007 7:48am Nov 29, 2007 7:48am
Quoting Malaysia
Ouch!!! bleeding How I hate US NEWS!!! My SELL STOP got triggered. Deleting my BUY STOP PO. My SL above 20wma on M30. Might be loosing on this entry.
30 pips on the green now Will move my SL 1 pip below entry price soon. Come on BEAR... FIGHT!!! Crash the BULL DOWN!!!! Harder!!! Harder!!!!

http://www.tee-shirt-fantasy.com/ima...ar-Markets.jpg
  • #2,971
  • Nov 29, 2007 7:49am Nov 29, 2007 7:49am
To much confusion on cable. I exited all my shorts at 2.0604 and now waiting for news at 7:00 am PT.

Malaysia, you were right about the false breakout. I'm tempted to enter a long position now........or go to sleep. HHHHmmmmmm???
  • #2,972
  • Nov 29, 2007 7:56am Nov 29, 2007 7:56am
Quoting Malaysia
Watching the PRIME NEWS at TV3 while having dinner with my wife. Most of the News about BIODIESEL. Malaysian big companies looking opportunity in producing biodiesel from scrap/rubbish/waste. Another company looking opportunity producing biodiesel from alga... cheaper production cost compare from palm oil. Everything about finding alternative to the EXPENSIVE crude oil nowadays.

Somewhere in my thread I've discussed about OIL PRICE. Now we are witnessing the Economics Equilibrium power in action. Whenever, something so expensive with high demand... more producer will keen to supply. In oil case... limited supply. Therefore... people searching for alternative. More research will be done to produce cheaper oil. Hence, if supply increasing... the price will drop. Back to Equilibrium price. In crude oil... the equilibrium price is around Usd60 to Usd70 per barrel.

well, if i not mistaken, i found somewhere on the net, his excellency the president of islamic republic of iran mentions that price per barrel is around usd 48 and max is usd 60. this comes together with cost of producing.
  • #2,973
  • Nov 29, 2007 7:57am Nov 29, 2007 7:57am
Quoting Malaysia
30 pips on the green now Will move my SL 1 pip below entry price soon. Come on BEAR... FIGHT!!! Crash the BULL DOWN!!!! Harder!!! Harder!!!!
Sorry... I meant USD30 and only 3 pips... Not 30 pips SL 1 pip got hit... only banked in Usd10
  • #2,974
  • Nov 29, 2007 8:00am Nov 29, 2007 8:00am
Quoting msmsms
well, if i not mistaken, i found somewhere on the net, his excellency the president of islamic republic of iran mentions that price per barrel is around usd 48 and max is usd 60. this comes together with cost of producing.
Aik... I thought CRUDE OIL now is more than USD90 per barrel. Anybody here... please correct me. Am I wrong?
  • #2,975
  • Nov 29, 2007 8:02am Nov 29, 2007 8:02am
US news? well, i don't really see the impact. which pair got affected eh? i've US Non-farm Payroll news before. that one is the bomb man...
  • #2,976
  • Nov 29, 2007 8:05am Nov 29, 2007 8:05am
Quoting Malaysia
Aik... I thought CRUDE OIL now is more than USD90 per barrel. Anybody here... please correct me. Am I wrong?

YUP, based on the charts. maybe the original price is somewhere around that usd40-60, but law of demand and supplies RULES since oil is limited
  • #2,977
  • Nov 29, 2007 8:10am Nov 29, 2007 8:10am
9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif GDP Annualized q/q (r) 4.9% 4.9% 3.9%
9:30pm USD http://www.forexfactory.com/images/m...impact_low.gif GDP Deflator Annualized q/q (r) 0.9% 0.8% 0.8%
9:30pm USD http://www.forexfactory.com/images/m...act_medium.gif Unemployment Claims 352K 330K 329K

Mixed news. Hmmm Gross Domestic Product increase by 1% from last time. That's a good sign of economic growth. Fed might not Cut Interest Rate if more news like this come out. However... more unemployed US citizens making claims. Huhuhu... mixed news Let see how the US STOCKS gonna react on this. My DJI chart will activate in 22 mins time. That's the STARTING BELL.
  • #2,978
  • Nov 29, 2007 8:11am Nov 29, 2007 8:11am
Quoting Malaysia
Aik... I thought CRUDE OIL now is more than USD90 per barrel. Anybody here... please correct me. Am I wrong?
usd 90 is market price, on open market. if you go for direct purchase and negotiate on bulk delivery, then this is the price that you will pay for crude oil per barrel from iran. according to him. what we have is speculated, demand and supply based on nymex ? nybot ? or liffe ? traded volume.
  • #2,979
  • Nov 29, 2007 8:14am Nov 29, 2007 8:14am
Quoting hunt17
YUP, based on the charts. maybe the original price is somewhere around that usd40-60, but law of demand and supplies RULES since oil is limited
Oh you were talking about the EQUILIBRIUM PRICE... I thought the current price. Sorry friends... then the EQBM Price should be around USD40-60. NOT Usd60-70. Sorry for the misleading info... and thank you for correcting me

p/s: Can someone find me the current CRUDE OIL price now? Please.... I am busy with TA and FA now :
  • #2,980
  • Nov 29, 2007 8:16am Nov 29, 2007 8:16am
Quoting msmsms
usd 90 is market price, on open market. if you go for direct purchase and negotiate on bulk delivery, then this is the price that you will pay for crude oil per barrel from iran. according to him. what we have is speculated, demand and supply based on nymex ? nybot ? or liffe ? traded volume.
Thank you Now I am no longer confused with the OIL PRICE
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