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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #3,541
  • Dec 11, 2007 1:34am Dec 11, 2007 1:34am
Another BIG FAT PROFIT just banked in Alhamdulillah.... Waiting for another BFD opportunity. PATIENCE IS THE VIRTUE
  • #3,542
  • Dec 11, 2007 1:42am Dec 11, 2007 1:42am
USD/JPY Intraday London session
1st sup.
111.64
2nd sup.
111.34
3rd sup.
111.16
1st res.
111.94
2nd res.
112.16
3rd res.
112.73

Counter trend strategy can be considered for short positions on fail initial resistance at 111.94 with 111.64 & 111.34 in sight.

Alternative scenario, the upside penetration of 111.94 will call for 112.16 & 112.73.

Comment: The pair stands in a bullish channel & the 30-minutes chart RSI is supported by a rising trend line.

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  • #3,543
  • Dec 11, 2007 2:10am Dec 11, 2007 2:10am
Price correction Seems like USD gaining so much strength during LONDON OPEN
  • #3,544
  • Dec 11, 2007 2:22am Dec 11, 2007 2:22am
Quoting Malaysia
Price correction Seems like USD gaining so much strength during LONDON OPEN
Well, that is another opportunity for us to BFD. But I will hold back
and wait until after GBP Trade Balance news release at 5.30pm.
I will close out my long at 2.0436 before that. Capital preservation
is top priority for me. Cheers!
  • #3,545
  • Dec 11, 2007 2:23am Dec 11, 2007 2:23am
Another BFD Entry using M5 Stoch is placed. Let see how far this will go?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd555a.PNG Size: 25 KB
  • #3,546
  • Dec 11, 2007 2:23am Dec 11, 2007 2:23am
Quoting Malaysia
Price correction Seems like USD gaining so much strength during LONDON OPEN
Just watch bloomberg.tv, as from 120 expert analyst 78% going for 0.25% cut fr FED , 22% on 0.50% cut. Might be price correction and get ready for some serious action when FED announce it.
Monthly Profit & Lost :- May - +85 pips
  • #3,547
  • Dec 11, 2007 2:34am Dec 11, 2007 2:34am
sham, i will be in KL will sunday...
maybe we arrange to meet up as u mentioned...
when is the best time?
  • #3,548
  • Dec 11, 2007 2:40am Dec 11, 2007 2:40am
Hayya'alal Solah.... Hayya'alal Falah
  • #3,549
  • Dec 11, 2007 3:00am Dec 11, 2007 3:00am
Quoting Malaysia
Another BFD Entry using M5 Stoch is placed. Let see how far this will go?
SL got hit Can't win them all. Overall still on the green today. Turn out to be tough day after all.
  • #3,550
  • Dec 11, 2007 3:02am Dec 11, 2007 3:02am
Quoting lvvyyy
sham, i will be in KL will sunday...
maybe we arrange to meet up as u mentioned...
when is the best time?
I'll be outside KL this weekends Got plan with my wife. Weekdays OK.
  • #3,551
  • Dec 11, 2007 3:07am Dec 11, 2007 3:07am
Quoting savant
Just watch bloomberg.tv, as from 120 expert analyst 78% going for 0.25% cut fr FED , 22% on 0.50% cut. Might be price correction and get ready for some serious action when FED announce it.
Let it be 50bp cut then we all gonna see a clear direction. If 25bp cut... confusion in the air again... then it will be tough to use any strategy as majority of it are made for trending market.
  • #3,552
  • Dec 11, 2007 3:11am Dec 11, 2007 3:11am
Quoting Malaysia
SL got hit Can't win them all. Overall still on the green today. Turn out to be tough day after all.
Hi Sham, just want to know, how much SL you usually put on this pair ?
  • #3,553
  • Dec 11, 2007 3:12am Dec 11, 2007 3:12am
I took the wrong entry Cable shoot up after hitting my SL. What a day Anyone catch this BFD ENTRY?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd556a.PNG Size: 25 KB
  • #3,554
  • Dec 11, 2007 3:14am Dec 11, 2007 3:14am
Quoting jacob
Hi Sham, just want to know, how much SL you usually put on this pair ?
That's depends on the SUPPORT/RESISTANCE lines... or Fibbo Lines... or at a certain MA lines. I don't fixed my SL by certain number of pips. The same I use for TP. If possible... I just let the profit runs.
  • #3,555
  • Dec 11, 2007 3:26am Dec 11, 2007 3:26am
Ladies and Gentleman... START YOU ENGINE If this is GREEN... not much BULL action as Cable seriously OVERBOUGHT. Perhaps up to 50 to 100 pips. However if this gonna be RED... we might see a very long BEARGUIN Train... up to 200pips. Just my opinion.

5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Trade Balance http://www.forexfactory.com/images/m...ol_refresh.gif -7.4B -7.8B
  • #3,556
  • Dec 11, 2007 3:36am Dec 11, 2007 3:36am
Quoting Malaysia
Ladies and Gentleman... START YOU ENGINE If this is GREEN... not much BULL action as Cable seriously OVERBOUGHT. Perhaps up to 50 to 100 pips. However if this gonna be RED... we might see a very long BEARGUIN Train... up to 200pips. Just my opinion.

5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Trade Balance -7.1B -7.4B -7.8B
And... UP we GO Not much... but UP
  • #3,557
  • Dec 11, 2007 3:37am Dec 11, 2007 3:37am
hmmm....
  • #3,558
  • Dec 11, 2007 3:47am Dec 11, 2007 3:47am
Quoting Malaysia
And... UP we GO Not much... but UP

Just that 50% FIBBO is the hindrance now.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd557a.PNG Size: 27 KB
  • #3,559
  • Dec 11, 2007 3:59am Dec 11, 2007 3:59am
what should be out take profit man... long since 470
  • #3,560
  • Dec 11, 2007 3:59am Dec 11, 2007 3:59am
Quoting Malaysia
Just that 50% FIBBO is the hindrance now.
Saw that!!! :surprised Like an explosion when it broke 50% fibbo. Lots of PO are placed just right above it
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