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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #4,861
  • Jan 3, 2008 9:25am Jan 3, 2008 9:25am
11:00pm USD http://www.forexfactory.com/images/m...act_medium.gif Factory Orders m/m 1.5% 0.5% 0.7%

Green News... Cable should drop down... but having a hard time. Carry Trades still UP... including GJ. Typical... Good US News sometimes turn up to be BAD News and Vice versa. Just a drop of 20 pips... Stoch on ALL Time Frames For Cable indicating UP EU is dropping but Cable wanna go up Haywire!!! I just gonna wait some more... might be NO MORE trading for today. Enough.
  • #4,862
  • Jan 3, 2008 10:11am Jan 3, 2008 10:11am
Enough for today. 200 PIPS in the bag from UJ up and down. Close shop and ready for tomorrow, the NFP day.

Nite all.
  • #4,863
  • Jan 3, 2008 10:47am Jan 3, 2008 10:47am
Quoting msmsms
hi zul,
you are back. i suppose gbp/jpy is a must. another pair is eur/gbp, the classic cottage pair.
Quoting [/font
Malaysia;1780936]Welcome back Friend That's why long time I never see Analysis on UJ. Happy New Year 2 u 2 Did you celebrate at Trafalgar Square... or near the LondonBridge? Got lots of New Year kisses from the chicks there?
Quoting savant
Hi Zul, Welcome back, looking forward for your UJ n GJ analysis. We need more GJ analysis here, its crazy, GJ not suitable for those with heart-attack or even pregnant one. LOL
GU resistance 1.9825. UJ resistance 109.94.
Thanks msmsms, sham and savant for the feedback! Based on demand and highly profitability trade prospect I’ll provide the technical trigger for the GBP/JPY. For the USD/JPY I’ll provide the technical trigger when I see any significant trade opportunity for this pair. To reduce the risk of the technical trigger I’ll focus on trend following strategy but will provide some counter trend trigger based on overbought and oversold level. I’ll be using same indicators: 20sma, 30wma, cci 14 and candlestick for the price patterns as most of us may use on this thread. I would suggest the minimal acceptable performance for the GBP/JPY at 20 pips profit target so that most of us be able to achieve. More than 20 pips profit target should be at individual trader own risk protected by trailing stop strategy.Will see everyone on the thread soon!
Quoting [/FONT
Malaysia;1780936]Did you celebrate at Trafalgar Square... or near the LondonBridge? Got lots of New Year kisses from the chicks there?

Was in Fontvieille near Monte Carlo for the New Year celebration cause I was staying with friend family for Christmas celebration till New Year day. Enjoy the New Year Eve celebration especially the french food at the gala dinner but I think I prefer public celebration like in London because there’re bigger crowd! The public celebration during F1 week better than New Year Eve because there more public crowd and activities.Yeah, Monte Carlo chicks New Year kisses are priceless!
  • #4,864
  • Jan 3, 2008 6:20pm Jan 3, 2008 6:20pm
There's document on the attachment from institutional analyst for 2008 Annual Outlook.Wish it will give some idea what to expect for 2008.
(By permission of Sam Bullard/Wichovia)
Attached File(s)
File Type: pdf Wachovia.pdf   1.3 MB | 462 downloads
  • #4,865
  • Jan 3, 2008 6:31pm Jan 3, 2008 6:31pm
Another document on the attachment from institutional analyst on the 1st quarter 2008 technical outlook on GBP/JPY.Wish it will give some idea what to expect technically for GBP/JPY for the next 3 month.
(By permission of Nicole Elliot/Mizuho)
Attached File(s)
File Type: pdf Mizuho.pdf   146 KB | 391 downloads
  • #4,866
  • Jan 3, 2008 6:51pm Jan 3, 2008 6:51pm
Most of you start trading during London or US session? Can cable bounce from current low today?Anybody?
  • #4,867
  • Jan 3, 2008 6:57pm Jan 3, 2008 6:57pm
Quoting wakli
Most of you start trading during London or US session? Can cable bounce from current low today?Anybody?
hav to wait for another half an hour. if it breach yesterday's low high chance it'll go down somemore. long term speaking, shud rebound.
You better be ready for the future, for the future is NOW.
  • #4,868
  • Jan 3, 2008 7:49pm Jan 3, 2008 7:49pm
Quoting Zul
There's document on the attachment from institutional analyst for 2008 Annual Outlook.Wish it will give some idea what to expect for 2008.
(By permission of Sam Bullard/Wichovia)
Good info Zul.
  • #4,869
  • Jan 3, 2008 7:53pm Jan 3, 2008 7:53pm
Shorted GJ 215.29, TP 213.65
  • #4,870
  • Jan 3, 2008 8:26pm Jan 3, 2008 8:26pm
Good Morning Malaysia!!! Rise and Shine!!!

Huhuhu... the only thing rise and shine right now is the OIL!!! Now more than US$100 per barrel :surprised All Carry Trades UNWIND again.

Quote
The price of light sweet crude broke above the $100 a barrel mark for the first time at around 11:45 am ET Thursday morning. Crude hit the century mark on the nose Wednesday afternoon but pulled back ahead of Thursday''s morning''s energy inventories report.The report showed that crude oil inventories fell by 4 million barrels following a decrease of 3.3 million barrels in the previous week. Analysts had been expecting a more modest decrease of about 1.7 million barrels. Crude for February was at $100.05 at 11:46 am ET.
  • #4,871
  • Jan 3, 2008 8:39pm Jan 3, 2008 8:39pm
weak support seen at 1.9700 strong support 1.9640
weak resistance seen at 1.9770 strong resistance at 1.9840 .
high chance today we'll see 1.96** .
You better be ready for the future, for the future is NOW.
  • #4,872
  • Jan 3, 2008 8:42pm Jan 3, 2008 8:42pm
Quoting Malaysia
Good Morning Malaysia!!! Rise and Shine!!!

Huhuhu... the only thing rise and shine right now is the OIL!!! Now more than US$100 per barrel :surprised All Carry Trades UNWIND again.
Good morning. Crazy Friday again. Will cable drop to 9650?? maybe before NFP. Since ADP yesterday red, NFP today will be red. If red means cable will push up during US session?? What is your FA analysis, Sham?
  • #4,873
  • Jan 3, 2008 8:42pm Jan 3, 2008 8:42pm
Quoting jackojacko
hav to wait for another half an hour. if it breach yesterday's low high chance it'll go down somemore. long term speaking, shud rebound.
technical prob. lol.. long term, GU down.
You better be ready for the future, for the future is NOW.
  • #4,874
  • Jan 3, 2008 8:48pm Jan 3, 2008 8:48pm
Cable seems still searching for a new low The bottom price highly expected. However, NFP might push Cable UP... but if the Carry Trades keep on Unwinding... GJ keep on Dropping... Cable can't go very much high. Next week surely down as BOE will announce the RATE CUT. The bottom price will be possible next week. Today... might be ranging. Perhaps 1.9650 is possible if GJ unwind heavily.
Attached Image (click to enlarge)
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  • #4,875
  • Jan 3, 2008 8:56pm Jan 3, 2008 8:56pm
Quoting Malaysia
Cable seems still searching for a new low The bottom price highly expected. However, NFP might push Cable UP... but if the Carry Trades keep on Unwinding... GJ keep on Dropping... Cable can't go very much high. Next week surely down as BOE will announce the RATE CUT. The bottom price will be possible next week. Today... might be ranging. Perhaps 1.9650 is possible if GJ unwind heavily.
Which means good chance to short or SFB before US, yesterday i open short at 9777, now still profiting. what is your opinion?
  • #4,876
  • Jan 3, 2008 9:02pm Jan 3, 2008 9:02pm
Quoting tkh33
Which means good chance to short or SFB before US, yesterday i open short at 9777, now still profiting. what is your opinion?
I see 1st Resistance at 1.9755. I would place SL a few pips above it. If Cable shoot up... at least I'll banked in something. Then... ready for SFB again. Best SFB is after NFP. We might get the bargain price... expensive price to short That if NFP RED.

A.Y.O.R.
  • #4,877
  • Jan 3, 2008 9:03pm Jan 3, 2008 9:03pm
Quoting matsaleh
Shorted GJ 215.29, TP 213.65
SL got hit, +10pips.
  • #4,878
  • Jan 3, 2008 9:10pm Jan 3, 2008 9:10pm
Quoting Malaysia
I see 1st Resistance at 1.9755. I would place SL a few pips above it. If Cable shoot up... at least I'll banked in something. Then... ready for SFB again. Best SFB is after NFP. We might get the bargain price... expensive price to short That if NFP RED.

A.Y.O.R.
Thank you for your advised.
  • #4,879
  • Jan 3, 2008 9:12pm Jan 3, 2008 9:12pm
The yen goes ape sh*t on my yen short, but luckily it went down again . So I’m out with more than 90% of the breakout profit being taken away. I don’t like what I see, so I’m done this week and early next week. See ya but before that for those who want to make quick buck on the news…

Yesterday got red alert ADP report (they said the correlation of the ADP with the actual government one is almost 0.9 correlations) which could be useful to gauge the BLS final net revision later (non-farm unemployment change). The last time it was a big hit but this time don’t know maybe because of overestimation by ADP. ADP does not have many words and few beautiful graphs (don’t believe me look at it yourself), so easy to read. Cuma one thing, its may not sufficient to just look at the changes from Nov 2007 – Dec 2007. So I suggest to also have a look at the total number of total non-farm private, what’s the trend for the last 6 months. Normally more 150K for few months pictures a strong economy and can lead to firming of US rates but figure less than 100K suggesting economy is weakening. Then to get further idea, tengok hiring activity at goods producing, services are no.2, not so helpful. Pay a little bit attention at small and medium size good producers as these people are more nimble compared to large companies when it comes to hiring/layoff. Maybe this will give some idea when using employment pattern as leading indicator to see turning point in US economy (NFP paling penting). Again, better ask other people that are better and more well-verse in this matter as I am not an economist/fundamentalist or etc. I am just sharing some knowledge I picked up from friends etc. I hope this help.

Can get the report here - http://www.adpemploymentreport.com/report_analysis.aspx

regards.

p/s: salam kpd sifu²/otai, minta maaf, i just want to share, not more than that .
I am bored..
  • #4,880
  • Jan 3, 2008 9:13pm Jan 3, 2008 9:13pm
Quoting matsaleh
SL got hit, +10pips.
Maybe OIL and GOLD retrace a bit from shooting high. You might wanna monitor them as well if trading carry trades nowadays... they have opposite correlation with Oil and Gold as RISK AVERSION psychology is at the peak now. Just my opinion...
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