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Help needed in OANDA + users from Malaysia 105 replies

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  • #4,881
  • Jan 3, 2008 9:18pm Jan 3, 2008 9:18pm
Quoting G33maroon
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 .
LoLz.. Bro u r too humble, we will be grateful if more ppl like you would post thier opinion here. No worries, u r doing great n helping us alot, keep it up !
Monthly Profit & Lost :- May - +85 pips
  • #4,882
  • Jan 3, 2008 9:18pm Jan 3, 2008 9:18pm
Quoting Malaysia
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...
Yes, good tips . also useful to watch stock market like DJIA, DOW.
I am bored..
  • #4,883
  • Jan 3, 2008 9:21pm Jan 3, 2008 9:21pm
Quoting savant
LoLz.. Bro u r too humble, we will be grateful if more ppl like you would post thier opinion here. No worries, u r doing great n helping us alot, keep it up !
p/s: asal orang kampung, nak wat camana
I am bored..
  • #4,884
  • Jan 3, 2008 9:22pm Jan 3, 2008 9:22pm
Quoting Malaysia
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...

O/G remains high today, dont think it will go down in near future. Anyway, im going short on GJ again ,entry on 215.40 TP 213.80. A very strong resistance at 213.30, we might c this 212 maybe next week or else i would still opt for long after that. Long target will be 217-219 range. Good luck!
Monthly Profit & Lost :- May - +85 pips
  • #4,885
  • Jan 3, 2008 9:23pm Jan 3, 2008 9:23pm
Quoting G33maroon
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 .
No more predicting and speculating news for me... at least until all the turmoil subside. Lots of misleading forecast and speculation nowadays. Very tricky. Sometimes... market goes opposite ways than News... lots of PRICED IN action since last Disember.

My PLAN for now... wait until NEWS RELEASE... get the actual DATA... wait 15 minutes after the release... see the PRICE ACTION 1st... then only... ACTION.

I heard Banks normally wait 15mins after the release before making any ENTRY. Just right during the release... lots of ENTRIES from SPECULATORS 1st. Can be confusing of the TRUE direction. That's what I heard before. True or Not... not sure.
  • #4,886
  • Jan 3, 2008 9:25pm Jan 3, 2008 9:25pm
YES mY MASTER
  • #4,887
  • Jan 3, 2008 9:26pm Jan 3, 2008 9:26pm
Quoting G33maroon
Yes, good tips . also useful to watch stock market like DJIA, DOW.
For stock market like DJI... CARRY TRADES have direct correlation. For OIL and GOLD... opposite correlation. Not always... but most of the time when RISK AVERSION psychology is in the air.
  • #4,888
  • Jan 3, 2008 9:36pm Jan 3, 2008 9:36pm
i know what you mean, i see people got burned during news hour many many times, including me hehe . so safer to wait a little bit more, 15 minutes may not sufficient be enough. i will double the time, you know safety first.

Quoting Malaysia
For stock market like DJI... CARRY TRADES have direct correlation. For OIL and GOLD... opposite correlation. Not always... but most of the time when RISK AVERSION psychology is in the air.
useful information.

regards.
I am bored..
  • #4,889
  • Jan 3, 2008 9:38pm Jan 3, 2008 9:38pm
Quoting amoreconspirito
YES mY MASTER
?
I am bored..
  • #4,890
  • Jan 3, 2008 9:51pm Jan 3, 2008 9:51pm
Quoting G33maroon
?
That's what I am thinking. Who is his master here? Definitely NOT me : If you read earlier... I am NO SIFU... NO GURU... NO MASTER... NO PROFESSIONAL (Shouting UP and Down at the chart... and now trading with only a towel on ... wanna go swimming)...

I am just like you all. Still Learning and IMPROVISING my skill from time to time. It's an ENDLESS process. You can call me master if I am still here in the year 2018. That will be more than 10 years experience

The MASTER is YOURSELF

This is what I wrote in MY PROFILE:

Quote
The INTERNET is the BIGGEST LIBRARY in the world. I am learning how to trade from the World Wide Web. I never went to any seminar or courses and paying big amount of money to learn from a "SPEAKER" or "LECTURER" or "ANALYST" but not a real "TRADER". The bottom point is... I am making money. Funny to see some of my friends paid RM5000 for the advanced course and still loosing money. In conclusion... The best TEACHER is YOURSELF.
  • #4,891
  • Jan 3, 2008 9:52pm Jan 3, 2008 9:52pm
Quoting G33maroon
i know what you mean, i see people got burned during news hour many many times, including me hehe . so safer to wait a little bit more, 15 minutes may not sufficient be enough. i will double the time, you know safety first.



useful information.

regards.

15mins like too short ,30mins like too long, so just avoid it and dont go in at all. Play Safe!
Monthly Profit & Lost :- May - +85 pips
  • #4,892
  • Jan 3, 2008 9:54pm Jan 3, 2008 9:54pm
YES me Yourself Master (YES mY MASTER)

we agree with u Bro Syam
  • #4,893
  • Jan 3, 2008 10:03pm Jan 3, 2008 10:03pm
Quoting savant
15mins like too short ,30mins like too long, so just avoid it and dont go in at all. Play Safe!
I like the motto "there will be always tommorow" under your nick . Safety first, call me chicken sh*t, i don't care. no more adrenalin rush, take your sweet and make more "kaching kaching trades" .

regards.
I am bored..
  • #4,894
  • Jan 3, 2008 10:06pm Jan 3, 2008 10:06pm
need help. how to disable for msg frm forum into my email? filling up my mail box. i just got fed up to keep on deleting it. somebody?
I am bored..
  • #4,895
  • Jan 3, 2008 10:21pm Jan 3, 2008 10:21pm
Quoting G33maroon
need help. how to disable for msg frm forum into my email? filling up my mail box. i just got fed up to keep on deleting it. somebody?
Un-check in the subscribed forum? Its very irritating i know
Monthly Profit & Lost :- May - +85 pips
  • #4,896
  • Jan 3, 2008 10:22pm Jan 3, 2008 10:22pm
Quoting G33maroon
need help. how to disable for msg frm forum into my email? filling up my mail box. i just got fed up to keep on deleting it. somebody?
G33maroon, I think u need to goto 'Edit Options' to fix thing up
  • #4,897
  • Jan 3, 2008 10:24pm Jan 3, 2008 10:24pm
Quoting G33maroon
need help. how to disable for msg frm forum into my email? filling up my mail box. i just got fed up to keep on deleting it. somebody?
Go to your own Profile... search for LIST SUBSCRIPTION option... see if you can delete it. I am not sure about it.
  • #4,898
  • Jan 3, 2008 10:29pm Jan 3, 2008 10:29pm
I am out of here. Swimming 1st then get ready for FRIDAY PRAYER. See you all during European Session
  • #4,899
  • Jan 3, 2008 10:31pm Jan 3, 2008 10:31pm
Quoting Malaysia
I am out of here. Swimming 1st then get ready for FRIDAY PRAYER. See you all during European Session
C U. Quite morning...
Monthly Profit & Lost :- May - +85 pips
  • #4,900
  • Jan 3, 2008 10:33pm Jan 3, 2008 10:33pm
come on guy ready for friday prayer..to all muslim gud luck NFP at night...see u..after friday prayer
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