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Help needed in OANDA + users from Malaysia 105 replies

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  • #3,441
  • Dec 10, 2007 2:53am Dec 10, 2007 2:53am
Broke the RESISTANCE of 16/11 Support!!! ... and there it goes the opportunity of BFD on the 1st train just now when 20 wma was touched. I am waiting for the 5:30pm Malaysia time news of the Pound to catch the next train.

Perhaps it gonna be a train to the other side

p/s: A perfect example to see a market being driven by TA. I bet lots of BUY triggered at 2.0355... above the 16th November Support/Resistance.
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  • #3,442
  • Dec 10, 2007 2:57am Dec 10, 2007 2:57am
Quoting Malaysia
Within Jan... Feb... March... April 2008.

It'll be complicated if ECB hike the rate while FED seems to be cutting more in the Q1 next year It's not as simple as that. ECB has to consider the TRADE BALANCE and the overseas investor as well. Think... if Euro so expensive and UsDollar so cheap... what will happen?
euro people will found a nice living in us..

ps: will the CABLE test again 2.1000?? i think it will...
Patience is virtue
  • #3,443
  • Dec 10, 2007 3:03am Dec 10, 2007 3:03am
Quoting totally
euro people will found a nice living in us..
ps: will the CABLE test again 2.1000?? i think it will...
If that happened what is next gonna happen? The economic of US gonna GROW and Economic of European countries gonna shrink. Thus, USD gonna strengthen and Euro gonna weaken. Back to basic... EQUILIBRIUM.
  • #3,444
  • Dec 10, 2007 3:06am Dec 10, 2007 3:06am
Quoting totally
euro people will found a nice living in us..

ps: will the CABLE test again 2.1000?? i think it will...
i certainly hope so......just my hope...let's see where it goes from here...
  • #3,445
  • Dec 10, 2007 3:36am Dec 10, 2007 3:36am
News on the Pound just now not so bad as expected. Now we can see clear BIAS on the BULL technically and Fundamentally. I am waiting to BFD on the 2nd Train to the North.

A.Y.O.R.

p/s: I did shorted prior to the news release because expecting bad data from England... SL already got hit
  • #3,446
  • Dec 10, 2007 3:51am Dec 10, 2007 3:51am
Quoting Malaysia
News on the Pound just now not so bad as expected. Now we can see clear BIAS on the BULL technically and Fundamentally. I am waiting to BFD on the 2nd Train to the North.

A.Y.O.R.

p/s: I did shorted prior to the news release because expecting bad data from England... SL already got hit
for me...i'd better use pending orders before the news...at least one side gonna make it....but unfortunately...i didn't made a set up today anyway...probably fully ready tomorrow...
Patience is virtue
  • #3,447
  • Dec 10, 2007 3:52am Dec 10, 2007 3:52am
well...nothing much happening at the moment.
i'm taking a rest until us opens...pending home sales coming out later...
  • #3,448
  • Dec 10, 2007 3:57am Dec 10, 2007 3:57am
Quoting papa_72
i certainly hope so......just my hope...let's see where it goes from here...
erm...we'll see...some more old last week analysis...

Quote
The US dollar fell for the second consecutive trading day, as a lackluster domestic Non Farm Payrolls report allowed currency traders to sell the greenback against major forex counterparts. The monthly payrolls gain beat consensus forecasts at +94,000 through November, leaving the Unemployment rate unchanged at 4.7 percent. Yet a tepid reaction highlighted forex markets’ indifference to the release despite a sharp improvement in rate forecasts for the US dollar. A jump in US Treasury Bond Yields and implied rates on Federal Funds futures show that speculators have pulled back expectations for further Fed interest rate cuts. Forex traders’ indifference to the developments arguably bode poorly for short-term outlook on the US dollar, however, and the greenback looks to trade lower through the end-of-week close.


Highly-anticipated Non Farm Payrolls data failed to provide the sharp dollar volatility many had hoped for, and some claim that the official payrolls result proved underwhelming following an earlier-week ADP Employment release. Indeed, Wednesday’s ADP figures theoretically predicted a November Non Farm Payrolls gain in excess of 200,000 jobs, but the Bureau of Labor Statistics figures clearly failed to live up to such expectations.
Not all market participants were disappointed by the release, however; a rally in US bond yields showed reduced fears for the future of domestic economic growth. Such an improvement in sentiment likewise allowed for a boost in US Federal Reserve interest rate expectations. The December Fed Funds contract now shows an approximate 75 percent chance that the central bank will reduce its key short-term rate by 25 basis points—and not 50 basis points as some had feared. A more bullish outlook for US dollar interest rate differentials should have been enough to boost the currency, but forex traders have thus far shown little willingness to bid the greenback higher through end-of-week price action.
Written by David Rodríguez, Currency Analyst for DailyFX.com
Patience is virtue
  • #3,449
  • Dec 10, 2007 4:01am Dec 10, 2007 4:01am
Quoting totally
for me...i'd better use pending orders before the news...at least one side gonna make it....but unfortunately...i didn't made a set up today anyway...probably fully ready tomorrow...
That was my strategy to counter the SLIPAGE problem by entering the market using speculative FA... Unfortunately the speculation wasn't accurate... If you notice... lately the market psychology is adapting more to speculation and reacted beforehand. Lately Brokers also increase spread tremendously during the News. That's why I've improvised my STRADLE strategy... and there's always RISK in Opportunity.
  • #3,450
  • Dec 10, 2007 4:15am Dec 10, 2007 4:15am
Already reaching 38.2% Fibbo and testing it. That 50% Fibbo is the highest Cable can shoot up for today if US showing weak economic data later on during US session.
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  • #3,451
  • Dec 10, 2007 4:19am Dec 10, 2007 4:19am
Hello guys. I just wanna share with u guys some story. hope u guys will learn from it. of course, this is dedicated specially for NEWBIE.

If you start with small capital, avoid NEWS trading. this is very risky! Last week during BOE announcement I made a loss of $74 on mini account. How can I be so stupid? Easy, because of STRADDLE (setting pending orders). First I estimate the price will go down, so I enter sell. at the same time, I set BUY ORDER 30 PIPS above current price, and set SL 25pips on my Sell order. U know what happen? before the price went Rock Bottom, it went up first, hitting my Sell SL (already loss $25 within seconds). and then my BUY ORDER got triggered just before the price fall. It happens within seconds. another 49pips loss, and there goes $74. pheww...

Moral of the story, NEWS trading is very very very risky. Better stay out of it. even if u speculate, u can't be sure whether it'll go north or south. If u still wanna make money within seconds, go ahead. A.Y.O.R. The market is d@mN crazy during news. imagine, I set orders 30pips above and below current price, and both got triggered. Erghh... that really hurts.

I will never trade news anymore. I repeat, I WILL NEVER TRADE NEWS ANYMORE. Thanks for reading. Wassalam
  • #3,452
  • Dec 10, 2007 5:03am Dec 10, 2007 5:03am
Quoting Jackhalid
Hello guys. I just wanna share with u guys some story. hope u guys will learn from it. of course, this is dedicated specially for NEWBIE.

If you start with small capital, avoid NEWS trading. this is very risky! Last week during BOE announcement I made a loss of $74 on mini account. How can I be so stupid? Easy, because of STRADDLE (setting pending orders). First I estimate the price will go down, so I enter sell. at the same time, I set BUY ORDER 30 PIPS above current price, and set SL 25pips on my Sell order. U know what happen? before the price went Rock Bottom, it went up first, hitting my Sell SL (already loss $25 within seconds). and then my BUY ORDER got triggered just before the price fall. It happens within seconds. another 49pips loss, and there goes $74. pheww...

Moral of the story, NEWS trading is very very very risky. Better stay out of it. even if u speculate, u can't be sure whether it'll go north or south. If u still wanna make money within seconds, go ahead. A.Y.O.R. The market is d@mN crazy during news. imagine, I set orders 30pips above and below current price, and both got triggered. Erghh... that really hurts.

I will never trade news anymore. I repeat, I WILL NEVER TRADE NEWS ANYMORE. Thanks for reading. Wassalam
Takziah Bro ..
  • #3,453
  • Dec 10, 2007 5:03am Dec 10, 2007 5:03am
Did anyone BFD when the bear CS touched 20 wma on M5 for scalping? Actually the entry was perfect when it touched the Middle BB on M5 for scalping. The funny thing was I did placed LONG on CABLE but the actual order came out on my platform is FIBER I was 200% sure I clicked on Cable because I did checked twice before confirming my order. Luckily Fiber also touching 20 wma that time and start to Bullish now. Phewww... already placed SL 1 pip above entry
  • #3,454
  • Dec 10, 2007 5:09am Dec 10, 2007 5:09am
Hayya'alal Solah.... Hayya'alal Falah I can pray in peace now knowing SL already a few pips on the Green If Fiber broke that 61.8% Fibbo... I'll be the luckiest person today Alhamdulillah....
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  • #3,455
  • Dec 10, 2007 5:27am Dec 10, 2007 5:27am
USD/JPY IntradayNY session
1st sup.
111.34
2nd sup.
111.16
3rd sup.
111.02
1st res.
111.86
2nd res.
112.16
3rd res.
112.40

Counter trend strategy can be considered for short positions on fail of initial resistance at 111.86 with 111.34 & 111.16 as next targets.

Alternative scenario, the upside penetration of 111.86 will call for a rebound towards 112.16 & 112.40.

Comment: The pair is currently breaking below a Rising Wedge support draw from 30 minutes chart.

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.
  • #3,456
  • Dec 10, 2007 5:37am Dec 10, 2007 5:37am
Quoting Malaysia
Hayya'alal Solah.... Hayya'alal Falah I can pray in peace now knowing SL already a few pips on the Green If Fiber broke that 61.8% Fibbo... I'll be the luckiest person today Alhamdulillah....

After Magrib prayer... Alhamdulillah.... Fiber did broke that 61.8% Fibbo. Changing SL a few pips below that Fibbo. TP a few pips below 38.2% Fibbo.
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  • #3,457
  • Dec 10, 2007 5:42am Dec 10, 2007 5:42am
Quoting Jackhalid
Hello guys. I just wanna share with u guys some story. hope u guys will learn from it. of course, this is dedicated specially for NEWBIE.

If you start with small capital, avoid NEWS trading. this is very risky! Last week during BOE announcement I made a loss of $74 on mini account. How can I be so stupid? Easy, because of STRADDLE (setting pending orders). First I estimate the price will go down, so I enter sell. at the same time, I set BUY ORDER 30 PIPS above current price, and set SL 25pips on my Sell order. U know what happen? before the price went Rock Bottom, it went up first, hitting my Sell SL (already loss $25 within seconds). and then my BUY ORDER got triggered just before the price fall. It happens within seconds. another 49pips loss, and there goes $74. pheww...

Moral of the story, NEWS trading is very very very risky. Better stay out of it. even if u speculate, u can't be sure whether it'll go north or south. If u still wanna make money within seconds, go ahead. A.Y.O.R. The market is d@mN crazy during news. imagine, I set orders 30pips above and below current price, and both got triggered. Erghh... that really hurts.

I will never trade news anymore. I repeat, I WILL NEVER TRADE NEWS ANYMORE. Thanks for reading. Wassalam
oow man....for me of course i'll delete my buy stop pending when my sell stop triggered...theres always the risk...and i have to change color of my font too....
Patience is virtue
  • #3,458
  • Dec 10, 2007 6:06am Dec 10, 2007 6:06am
Quoting Jackhalid
Hello guys. I just wanna share with u guys some story. hope u guys will learn from it. of course, this is dedicated specially for NEWBIE.

.......

I will never trade news anymore. I repeat, I WILL NEVER TRADE NEWS ANYMORE. Thanks for reading. Wassalam
It's a tough lesson isn't it Jack. I once lost almost 25% of my capital on one NFP trade because of whipsaw (and of course, bad money management). Took me almost a whole month to get over it.

Just a note to the newbies, demo trading on news is NOT reflective of what happens in real account. In demo your orders gets filled at exactly the price that you quoted. In real account however, slippage occurs and as a result, you may not get the profits you desired, sometimes even losses
I'm a money magnet! Thank You, Thank You, Thank You!
  • #3,459
  • Dec 10, 2007 6:14am Dec 10, 2007 6:14am
Quoting Malaysia
After Magrib prayer... Alhamdulillah.... Fiber did broke that 61.8% Fibbo. Changing SL a few pips below that Fibbo. TP a few pips below 38.2% Fibbo.
As expected... the retracement not gonna be easy to break the 61.8% Fibbo support. SL was placed wisely under it. Intentionally scalping turned to "Let The Profit Runs" trading.

Now is the perfect time to BFD again if just wanna scalp since Stoch already curved up on M15 and the bear just touched the 20 wma and middle BB

The night still young and I expect that 50% Fibbo gonna break later on If that Median is broken... I'll change the SL below it. Just let the profit runs

A.Y.O.R
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  • #3,460
  • Dec 10, 2007 6:22am Dec 10, 2007 6:22am
Quoting Malaysia
As expected... the retracement not gonna be easy to break the 61.8% Fibbo support. SL was placed wisely under it. Intentionally scalping turned to "Let The Profit Runs" trading.

Now is the perfect time to BFD again if just wanna scalp since Stoch already curved up on M15 and the bear just touched the 20 wma and middle BB

The night still young and I expect that 50% Fibbo gonna break later on If that Median is broken... I'll change the SL below it. Just let the profit runs

A.Y.O.R
so..who's gonna be nujum pak belalang here..waiting for us news at 11 pm malaysia time....
Patience is virtue
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