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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #4,941
  • Jan 4, 2008 3:37am Jan 4, 2008 3:37am
YES mY MASTER

up cable up
  • #4,942
  • Jan 4, 2008 3:40am Jan 4, 2008 3:40am
Quoting Zul
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!
Could somebody explain a bit more about this strategy....Thanks in advance....
  • #4,943
  • Edited 3:52am Jan 4, 2008 3:41am | Edited 3:52am
5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Services PMI 52.4 51.6 51.9
5:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Net Lending to Individuals m/m 8.9B 8.2B 8.9B
5:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Mortgage Approvals 83K 84K 89K

All GREEN!!! Up it goes Anyone SELL From Bounce?

Correction: NOT all GREEN.
  • #4,944
  • Jan 4, 2008 3:43am Jan 4, 2008 3:43am
Quoting Malaysia
5:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Services PMI 52.4 51.6 51.9
5:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Net Lending to Individuals m/m 8.9B 8.2B 8.9B
5:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Mortgage Approvals 83K 84K 89

All GREEN!!! Up it goes
up for now.. will come back down again shorty... already starting
  • #4,945
  • Jan 4, 2008 3:46am Jan 4, 2008 3:46am
Hi Guy,

Nice to see other Malaysians venturing into Forex.

Just quick question. What is your view on FxSol. I have been using this platform for the last 2 month and the service for me is excellent. The withdrawal is also fast. But recently I read from one of the forum that this broker is no good and pontetial scam. Hope senior members could help me on this matters.

Thanks ...
  • #4,946
  • Jan 4, 2008 3:47am Jan 4, 2008 3:47am
6:00pm EUR http://www.forexfactory.com/images/m...act_medium.gif CPI y/y (p) ??? 3.1% 3.1%
6:00pm EUR http://www.forexfactory.com/images/m...impact_low.gif Italian CPI m/m ??? 0.3% 0.4%

Wait for this first... Euro might have some impact on CABLE
  • #4,947
  • Jan 4, 2008 4:08am Jan 4, 2008 4:08am
Quoting Malaysia
6:00pm EUR http://www.forexfactory.com/images/m...act_medium.gif CPI y/y (p) ??? 3.1% 3.1%
6:00pm EUR http://www.forexfactory.com/images/m...impact_low.gif Italian CPI m/m ??? 0.3% 0.4%

Wait for this first... Euro might have some impact on CABLE
6:00pm EUR http://www.forexfactory.com/images/m...act_medium.gif CPI y/y (p) 3.1% 3.1% 3.1%
6:00pm EUR http://www.forexfactory.com/images/m...impact_low.gif Italian CPI m/m 0.3% 0.3% 0.4%


Impacting EurGbp!!! EG drop down... Cable shoot up. !!!
  • #4,948
  • Jan 4, 2008 4:30am Jan 4, 2008 4:30am
Lots of Resistance Trendlines BREAKOUT!!! Technically should be BULL Bias Took out profit from Long already... very Fishy... Anytime can DROP like a ROCK... just searching for the SIGNAL to SELL FROM BOUNCE... meanwhile... staying aside first. Let see if 1.9800 will be Broken.

p/s: Nothing for sure until NFP. Handle with care. Just don't let GREEN pips turn to RED while trading now. Take out profit immediately or always placing SL on the GREEN. Market had been UP and DOWN. Haywire!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd671a.PNG Size: 30 KB
  • #4,949
  • Jan 4, 2008 4:51am Jan 4, 2008 4:51am
Quoting Malaysia
Lots of Resistance Trendlines BREAKOUT!!! Technically should be BULL Bias Took out profit from Long already... very Fishy... Anytime can DROP like a ROCK... just searching for the SIGNAL to SELL FROM BOUNCE... meanwhile... staying aside first. Let see if 1.9800 will be Broken.

p/s: Nothing for sure until NFP. Handle with care. Just don't let GREEN pips turn to RED while trading now. Take out profit immediately or always placing SL on the GREEN. Market had been UP and DOWN. Haywire!!!
Hi,

Is the 2 line on your chart Moving Averge? What period are they? Is it SMA or EMA?

Looks good to get trend.
  • #4,950
  • Jan 4, 2008 5:39am Jan 4, 2008 5:39am
Nicely SELL FROM TOP on CABLE... I am a bit Skeptical about this entry... will be placing SL on BE soon
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd672a.PNG Size: 48 KB
  • #4,951
  • Jan 4, 2008 6:06am Jan 4, 2008 6:06am
Quoting Malaysia
Nicely SELL FROM TOP on CABLE... I am a bit Skeptical about this entry... will be placing SL on BE soon

Nice DROP Placing SL a few pips on the green
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd673a.PNG Size: 17 KB
  • #4,952
  • Jan 4, 2008 6:32am Jan 4, 2008 6:32am
I got this from Qs Thread... just wanna share this because very rare this CS forming on H1 chart. Might be a new KNOWLEDGE of CANDLE STICK for some of us here.
Attached Image (click to enlarge)
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  • #4,953
  • Jan 4, 2008 6:44am Jan 4, 2008 6:44am
Quoting Malaysia
I got this from Qs Thread... just wanna share this because very rare this CS forming on H1 chart. Might be a new KNOWLEDGE of CANDLE STICK for some of us here.

Yes you right BUT cs pattern is only very reliable to DI and W1. Inthis H1 you can only expect a short term downfall!
  • #4,954
  • Jan 4, 2008 6:49am Jan 4, 2008 6:49am
Quoting forex888
Yes you right BUT cs pattern is only very reliable to DI and W1. Inthis H1 you can only expect a short term downfall!

Yup... i agree with that. Its only suitable for long term only.
look before you leap - zarenfx dot net
  • #4,955
  • Jan 4, 2008 6:54am Jan 4, 2008 6:54am
Quoting Zul
GBP/JPY Intraday London session
1st sup.
214.56
2nd sup.
214.09
3rd sup.
213.58
1st res.
216.63
2nd res.
217.72
3rd res.
220.70


Trend following strategy can be considered for short positions on fail of initial resistances around 216.63 with targets at 214.56 and 214.08 in extension.

Alternative scenario, above 217.72 may consider early stages of trend reversal and look for further upside with 220.70 as targets.

Comment: The 30 minutes chart RSI is on the upside, the pair is challenging its short term declining trend line.


Any short positions on fail initial resistances around 216.63 should apply 10 pips trailing stop or close with profit at current price for capital appreciation.Initial support seen at 215.83 ahead NFP data realease.

Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.
  • #4,956
  • Jan 4, 2008 7:13am Jan 4, 2008 7:13am
GBP/JPY IntradayNY session

1st sup.
215.83
2nd sup.
214.56
3rd sup.
213.58
1st res.
216.81
2nd res.
217.72
3rd res.
220.97

Trend following strategy for short positions can be consider on fail of resistances between 216.81 and 217.72 area with targets 215.83 & 214.56 in extension.

Alternative scenario, break above 217.72 look for further upside or correction with 220.97 as targets.

Comment: The 30 minute chart RSI is bullish but lacks upward momentum, the pair is approaching its resistance level. It shows there’s possibility of trend changing or correction to the upside. Any entry positions should be considered 5 minutes on post-NFP data releases for news trade strategy.

Disclaimer-Please Read

All resources are for Educational Purposes Only.
Investing and Trading involves significant financial risk and is not suitable for everyone. Before deciding to invest or trade you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Investors and Traders should consult with a professional financial advisor for the effects of active investing.
Any opinions, news, research, analyses, prices, or other information is provided as general market commentary and does not constitute investment advice. No acceptance of liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Do Your Due Diligence and take responsibility.
  • #4,957
  • Jan 4, 2008 7:20am Jan 4, 2008 7:20am
Make sure SL on the GREEN... tighten your seatbelt... NFP soon... in about 10 mins time. Huhuhu.... DUP DAP DUP DAP DUP DAP.... very scary. Safer to stay out for a while. It's getting VERY VOLATILE now!!!

GOOD LUCK to everyone!!!
  • #4,958
  • Jan 4, 2008 7:39am Jan 4, 2008 7:39am
9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Nonfarm Employment Change 18K 70K 115K
9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Unemployment Rate 5.0% 4.8% 4.7%
9:30pm USD http://www.forexfactory.com/images/m...act_medium.gif Average Hourly Earnings m/m 0.4% 0.3% 0.5%

:surprised New Year SURPRISE!!! US might have a greater possibility for RECESSION!!!

p/s: I shorted UJ.
  • #4,959
  • Jan 4, 2008 7:47am Jan 4, 2008 7:47am
Quoting Malaysia
9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Nonfarm Employment Change 18K 70K 115K
9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Unemployment Rate 5.0% 4.8% 4.7%
9:30pm USD http://www.forexfactory.com/images/m...act_medium.gif Average Hourly Earnings m/m 0.4% 0.3% 0.5%

:surprised New Year SURPRISE!!! US might have a greater possibility for RECESSION!!!

p/s: I shorted UJ.
Data so bad, but still can't go up far, got a good price to short?
  • #4,960
  • Jan 4, 2008 7:54am Jan 4, 2008 7:54am
Quoting tkh33
Data so bad, but still can't go up far, got a good price to short?
I don't touch CABLE at the moment because don't know yet what gonna happen when STARTING BELL at 10:30 Malaysia time... DJI might gonna DROP like crazy and that would affect all CARRY TRADES including GJ.

By right... US Dollar gonna weaken heavily for this month with that BAD NFP data.

Another BOMB to explode will be these NEWS:

11:00pm USD http://www.forexfactory.com/images/m...act_medium.gif ISM Non-Manufacturing Index ??? 53.5 54.1
11:00pm USD http://www.forexfactory.com/images/m...impact_low.gif ISM Non-Manufacturing Prices ??? 73.5 76.5
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