Hi i am new here. Good to see so many malaysian traders around. Happy trading 2008. Lets hope for another volatile year for us. 
- #4,662
- Dec 31, 2007 8:58am Dec 31, 2007 8:58am
That is quite a big Retracement before the News... Did all the BIG PLAYERS got leaking News again
Urghh.... starting to hate them.
December 16, 2007
Central Banks Inject Liquidity
After months of delay and perhaps overly wishful thinking regarding the global credit crunch, the world's Central Banks are finally ready to take action. America's Federal Reserve Bank will join forces with the Bank of Canada, the Bank of England, the European Central Bank and the Swiss National Bank as part of a concerted effort to introduce greater liquidity into global capital markets. Under the plan, the Banks will auction off tens of billions of Dollars worth of bonds denominated in their respective currencies, and lend the proceeds to commercial banks. The goal of the plan is to to limit growing risk aversion, which has caused banks to significantly rein in lending. Further, while the move is designed primarily to boost confidence in equity markets, certain sectors of forex may also receive a bump. High-yielding currencies such as the New Zealand Kiwi and Australian Dollar, which have been shunned in recent months, seem to be the most likely beneficiaries. Forbes reports:
"If the market is convinced that central banks are finally doing enough to ease the liquidity situation we are likely to see the funding currencies (the yen and the Swiss franc) fall back, and higher-risk currencies like the Aussie and Kiwi currencies, rally."
It is possible to see the Pound go rally next year because of the action. Perhaps there will no cut interest rate for pound, or maybe they leave it the rates like before.
I hope this can make you feel easy tonight.
- #4,665
- Dec 31, 2007 9:08am Dec 31, 2007 9:08am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
I knew it... those BIG PLAYERS already got the leaking News 
They took action in advance before the release.
11:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif Existing Home Sales 5.00M 4.97M 4.98M
They took action in advance before the release.11:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif Existing Home Sales 5.00M 4.97M 4.98M
- #4,666
- Dec 31, 2007 9:14am Dec 31, 2007 9:14am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
I draw a new fibbo... Observe the RED FIBBO EXTENSION 161.8%. That will be my first target if the BULL take charge later on. Breaking that... higher Cable go... not breaking that... we will see a significant RETRACEMENT
It all depends on the US NEWS later on.
A.Y.O.R.
p/s: Click on the chart to enlarge.
Nice analysis I did earlier on... The BULL stopped exactly at that 161.8% Fibbo Extension. Now REVERSAL or RETRACEMENT... still too early to conclude.
- #4,667
- Dec 31, 2007 9:16am Dec 31, 2007 9:16am
I knew it... those BIG PLAYERS already got the leaking News
11:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif Existing Home Sales 5.00M 4.97M 4.98M
They are BIG SHARK.... wanted to eat small fish ....
At least we can still make pip in FF....
That is important... especially for Home Engineer ....
Banker please return my pipins.
- #4,668
- Dec 31, 2007 9:33am Dec 31, 2007 9:33am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Half and Hour to go... for the NEW YEAR here in MALAYSIA.
HAPPY NEW YEAR TO ALL !!!
p/s: I am out of here!
HAPPY NEW YEAR TO ALL !!!
p/s: I am out of here!
- #4,672
- Dec 31, 2007 11:11am Dec 31, 2007 11:11am
- Joined Nov 2007 | Status: Trader | 1,158 Posts
Happy New Year guys...
- #4,675
- Dec 31, 2007 2:58pm Dec 31, 2007 2:58pm
again, i cant sleep.....so happened to find a good example of what i was talking about in the earlier post (first break may not be that valuable until it retest the broken place).
Happy New Year,
p/s: end my 2007 with 243 pips in eurjpy & 101 pips in eurusd
Happy New Year,
p/s: end my 2007 with 243 pips in eurjpy & 101 pips in eurusd
I am bored..
- #4,676
- Dec 31, 2007 5:03pm Dec 31, 2007 5:03pm
- | Joined Jul 2007 | Status: I know what I am doing | 106 Posts
Selamat Tahun Baru 2008 & a very HAPPY NEW YEAR 2008.
Alhamdlulilah, a lot had been learned last year. May the Malaysians make a lot of pips n profit for this year.
Ending the year with a 'little bonus', thanks to the positive NEWS on the US Existing Home Sales.
Looking foward to trade with a broker which offer a FREE SWAP Acc this year. Cannot stand the negative swap laaa...
Bad for carrying SHORT on GJ lol...
:
Alhamdlulilah, a lot had been learned last year. May the Malaysians make a lot of pips n profit for this year.
Ending the year with a 'little bonus', thanks to the positive NEWS on the US Existing Home Sales.
Looking foward to trade with a broker which offer a FREE SWAP Acc this year. Cannot stand the negative swap laaa...
Bad for carrying SHORT on GJ lol...:
Selamat Tahun Baru 2008 & a very HAPPY NEW YEAR 2008.
Alhamdlulilah, a lot had been learned last year. May the Malaysians make a lot of pips n profit for this year.
Ending the year with a 'little bonus', thanks to the positive NEWS on the US Existing Home Sales.
Looking foward to trade with a broker which offer a FREE SWAP Acc this year. Cannot stand the negative swap laaa...
- #4,678
- Dec 31, 2007 10:36pm Dec 31, 2007 10:36pm
Selamat Tahun Baru 2008 & a very HAPPY NEW YEAR 2008.
Alhamdlulilah, a lot had been learned last year. May the Malaysians make a lot of pips n profit for this year.
Ending the year with a 'little bonus', thanks to the positive NEWS on the US Existing Home Sales.
Looking foward to trade with a broker which offer a FREE SWAP Acc this year. Cannot stand the negative swap laaa...
. Malaysia boleh I am bored..
