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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #3,561
  • Dec 11, 2007 4:05am Dec 11, 2007 4:05am
Quoting Malaysia
Saw that!!! :surprised Like an explosion when it broke 50% fibbo. Lots of PO are placed just right above it
Locking at 510. Wait for the bear to run in Almost time... get ready!
Monthly Profit & Lost :- May - +85 pips
  • #3,562
  • Dec 11, 2007 4:10am Dec 11, 2007 4:10am
Quoting bhesania
what should be out take profit man... long since 470
If you are waiting for the 61.8% Fibbo... that would be around 2.057x Very hard for the BULL to go up there as the USD also strengthening right now. Perhaps it gonna be a SNAILBULL journey. However, you can always take out profit now for Capital Appreciation... and re-Enter again later on. Very tricky now... POUND strengthening in tandem with US Dollar strengthening. Only the RATE of strengthening determine the direction now.
  • #3,563
  • Dec 11, 2007 4:12am Dec 11, 2007 4:12am
Quoting Malaysia
If you are waiting for the 61.8% Fibbo... that would be around 2.057x Very hard for the BULL to go up there as the USD also strengthening right now. Perhaps it gonna be a SNAILBULL journey. However, you can always take out profit now for Capital Appreciation... and re-Enter again later on. Very tricky now... POUND strengthening in tandem with US Dollar strengthening. Only the RATE of strengthening determine the direction now.
Rollar-Coasta!
Monthly Profit & Lost :- May - +85 pips
  • #3,564
  • Dec 11, 2007 4:37am Dec 11, 2007 4:37am
Cable didnt stay long enough at 50% fibbo line, its comin back down again, took 25pips on earlier entry 510 Nice n easy. Dont think cable have the str to climb over 50% fibbo for good as they r facing alot financial problem too.Think they will need to try few more times.
Monthly Profit & Lost :- May - +85 pips
  • #3,565
  • Dec 11, 2007 4:40am Dec 11, 2007 4:40am
Besides cable, anyone here trade CAD??? Just like im the only one doing it Very risky though to trade CAD. Fundamentally rely on oil prices which is crazy too Anyway let me know ok, we can discuss it here too.
Monthly Profit & Lost :- May - +85 pips
  • #3,566
  • Dec 11, 2007 4:40am Dec 11, 2007 4:40am
6:00pm EUR http://www.forexfactory.com/images/m...act_medium.gif German ZEW Economic Sentiment -37.2 -34.5 -32.5
6:00pm EUR http://www.forexfactory.com/images/m...impact_low.gif ZEW Economic Sentiment -35.7 -34.0 -30.0

This news have been preventing us from the easy ride up on CABLE. The Fiber is tumbling down now and it's dragging Cable with it. Since Pound Sterling is strengthening... Expecting ranging from now on until FED IR Announcement. If the rate of USD strengthening is faster than Pound... then more BEARISH action will be seen... and vice versa.
  • #3,567
  • Dec 11, 2007 6:06am Dec 11, 2007 6:06am
As expected... CABLE retaliate and now back up and testing the 50% Fibbo again... despite of the USD strengthening. Did anyone BFD just now? The perfect entry was on M15 chart when STOCH start to curve up
Attached Image (click to enlarge)
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  • #3,568
  • Dec 11, 2007 7:14am Dec 11, 2007 7:14am
Quoting Malaysia
As expected... CABLE retaliate and now back up and testing the 50% Fibbo again... despite of the USD strengthening. Did anyone BFD just now? The perfect entry was on M15 chart when STOCH start to curve up
Urghh... I guess No one go LONG... all must be SHORTING I am targeting 2.057x or at least 2.0525. Still sticking with BFD strategy as long as 20wma doesn't across 30sma.
  • #3,569
  • Dec 11, 2007 7:24am Dec 11, 2007 7:24am
No position for me, I'm not confident where it will go....
  • #3,570
  • Dec 11, 2007 7:34am Dec 11, 2007 7:34am
buy stop entered at 2.0525, tp at 2.0580 sl -nil-
  • #3,571
  • Dec 11, 2007 8:12am Dec 11, 2007 8:12am
Lot of action on Carry Trades and Cable now. Big Players in action. :surprised Holding firm with my PLAN. It got to break previous LOW to make me switch to PLAN B. Right now... I am doing YOGA to avoid PANIC action
  • #3,572
  • Dec 11, 2007 8:17am Dec 11, 2007 8:17am
Quoting raynman
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!
OK, closed out at 2.0500 for +64 pips.

Too dicey to trade FOMC's IR announcement. Can go either way, I think.

That's it for the day. Goodnight everyone. May the pips be with you.
  • #3,573
  • Dec 11, 2007 8:33am Dec 11, 2007 8:33am
Still think commodity currency will be weaker. Holding on gbp at 2.0500 to go down till 2.0365 lvl. Buying UC at 1.0100 to reach 1.0200. Good luck too all
Monthly Profit & Lost :- May - +85 pips
  • #3,574
  • Dec 11, 2007 8:35am Dec 11, 2007 8:35am
Urghhhh craving now for the BFD!!!! I already got floating position. Don't wanna enter another one.
  • #3,575
  • Dec 11, 2007 8:41am Dec 11, 2007 8:41am
Quoting Malaysia
Urghhhh craving now for the BFD!!!! I already got floating position. Don't wanna enter another one.
There it goes.... CABLE shoot Up again!!! If only my own acc... I would do multiple entry BFD just now. This is clients acc... got to stick with the discipline.
  • #3,576
  • Dec 11, 2007 8:55am Dec 11, 2007 8:55am
Quoting Malaysia
There it goes.... CABLE shoot Up again!!! If only my own acc... I would do multiple entry BFD just now. This is clients acc... got to stick with the discipline.
There's a possibility Fed will not cut rates as some analyst say.
  • #3,577
  • Dec 11, 2007 9:03am Dec 11, 2007 9:03am
Quoting Malaysia
There it goes.... CABLE shoot Up again!!! If only my own acc... I would do multiple entry BFD just now. This is clients acc... got to stick with the discipline.
Again, rolla-costa ... up n down... now cable digging deep down, i setting up TS, 20 pips for sure in the bag
Monthly Profit & Lost :- May - +85 pips
  • #3,578
  • Dec 11, 2007 9:10am Dec 11, 2007 9:10am
Quoting savant
Again, rolla-costa ... up n down... now cable digging deep down, i setting up TS, 20 pips for sure in the bag
Just keep on SCALPING until the announcement. We've got WIDE range PING PONG on CABLE... between 2.0450 to 2.0500. That's 50pips UP 50pips DOWN

p/s: There must be lots of BUYERS at 2.045x area and lots of SELLERS at 2.0500 area.
  • #3,579
  • Dec 11, 2007 9:10am Dec 11, 2007 9:10am
Quoting belgravia
Guess what, i gave it a qucik try on uj and i came out 18 dollars richer! Alhamdulillah

msmsms, i dont owe u a teh tarek, i owe a good starbucks mocha praline frappucino hahahaha,


belgravia,

ok just a venti americano at starbucks. sham of sentul also wants some coffee. which starbucks.

keep on trying, trade at least 20 trading days, non stop. you will get the feeling of 50ema.
  • #3,580
  • Dec 11, 2007 9:24am Dec 11, 2007 9:24am
Quoting msmsms
belgravia,

ok just a venti americano at starbucks. sham of sentul also wants some coffee. which starbucks.

keep on trying, trade at least 20 trading days, non stop. you will get the feeling of 50ema.
Man I'd love to try this one to. Superb simple. I'll let u know the result later. Right now I'm experimenting on other system. Good night everyone!
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