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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #4,961
  • Jan 4, 2008 8:00am Jan 4, 2008 8:00am
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.
Hi Guys, I did a pending order (EU)for both Long and Short (30 pips above and below).Caught the Long and profited 45 pips on TS. Alhamdulillah...now too scary to enter again. I chicken out...........will enter when more stable.
  • #4,962
  • Jan 4, 2008 8:02am Jan 4, 2008 8:02am
Just for the record for future reference to see how volatile markets can be during NFP
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  • #4,963
  • Jan 4, 2008 8:06am Jan 4, 2008 8:06am
Anyone has analysis that GJ will hit support 3?
May God blessing all of you!
  • #4,964
  • Jan 4, 2008 8:16am Jan 4, 2008 8:16am
Quoting Zul
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.
Any short positions on fail of resistences and breakout support for the trend following strategy should apply 10 pips trailing stop or close with profit at current price for capital appreciation.Initial support seen between 213.58 and 213.73 ahead the ISM data releases.

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  • #4,965
  • Jan 4, 2008 8:19am Jan 4, 2008 8:19am
Quoting ff.alexyong
Anyone has analysis that GJ will hit support 3?
My view next target would be 213.3 - base on my chart pivot S1..
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  • #4,966
  • Jan 4, 2008 8:25am Jan 4, 2008 8:25am
Quoting kimi
My view next target would be 213.3 - base on my chart pivot S1..

Thanks for the info. Just to check has anybody experienced situation that i just encountered.
I entry Short at 215.71 before news, however, when the news hit, FXCM put me at 214.71, that's the 100pips different!!! Furthermore, i entry 5 lots means i loss my 500 pips!!!
Is other platform did the same thing?
May God blessing all of you!
  • #4,967
  • Jan 4, 2008 8:32am Jan 4, 2008 8:32am
Quoting ff.alexyong
Thanks for the info. Just to check has anybody experienced situation that i just encountered.
I entry Short at 215.71 before news, however, when the news hit, FXCM put me at 214.71, that's the 100pips different!!! Furthermore, i entry 5 lots means i loss my 500 pips!!!
Is other platform did the same thing?
That is called SLIPPAGE... BIG price move even faster than a second... hard even for the fastest server or computer to capture the order. At least better than the last time... using phone to place order

We have discussed this matter last time. That's why I never place PO again during important NEWS. Better wait and catch the next wave.
  • #4,968
  • Jan 4, 2008 8:34am Jan 4, 2008 8:34am
Quoting ff.alexyong
Thanks for the info. Just to check has anybody experienced situation that i just encountered.
I entry Short at 215.71 before news, however, when the news hit, FXCM put me at 214.71, that's the 100pips different!!! Furthermore, i entry 5 lots means i loss my 500 pips!!!
Is other platform did the same thing?
!! I think u better have a chat with fxcm support and see if they can do anything.. Better try then doing nothing. Good luck..
  • #4,969
  • Jan 4, 2008 8:35am Jan 4, 2008 8:35am
Bearish GJ , hit the S1 213.92 and trying to break it. Next target will be 211.70. Going for short until S3 209.90. Good luck. Entry 214.60 SL 215.60 TP 209.90.
Monthly Profit & Lost :- May - +85 pips
  • #4,970
  • Jan 4, 2008 8:36am Jan 4, 2008 8:36am
Quoting Malaysia
That is called SLIPPAGE... BIG price move even faster than a second... hard even for the fastest server or computer to capture the order. At least better than the last time... using phone to place order

We have discussed this matter last time. That's why I never place PO again during important NEWS. Better wait and catch the next wave.
Thanks for the info and i learned this PAINFUL lesson today. I will trade wisely for the next news release....
May God blessing all of you!
  • #4,971
  • Jan 4, 2008 8:42am Jan 4, 2008 8:42am
I can imagine the PANIC in NYSE now DJI already active and DROPPING like no end. :surprised The NEWS coming out might do more damage to US. That if more RED news coming out. If GREEN... we might see the BOTTOM price today. If RED... the BOTTOM price for CARRY TRADES might be DAYS from now. Just my opinion.
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  • #4,972
  • Jan 4, 2008 8:47am Jan 4, 2008 8:47am
It is STRANGE to see UsdCad shooting UP and AudUsd dropping down right now. Doing the opposite of RED NFP data. OIL and GOLD price must be dropping perhaps... can someone check it out?

This is highly got to do with RISK AVERSION. Very important if trading CARRY TRADES... including all JPY pairs.
  • #4,973
  • Jan 4, 2008 8:52am Jan 4, 2008 8:52am
Quoting Malaysia
It is STRANGE to see UsdCad shooting UP and AudUsd dropping down right now. Doing the opposite of RED NFP data. OIL and GOLD price must be dropping perhaps... can someone check it out?

This is highly got to do with RISK AVERSION. Very important if trading CARRY TRADES... including all JPY pairs.
Massive plunge for gold n oil and still dropping.
Monthly Profit & Lost :- May - +85 pips
  • #4,974
  • Jan 4, 2008 9:05am Jan 4, 2008 9:05am
That's why Market acted strangely even for the BAD NFP data... the next news already leak I guess.

11:00pm USD http://www.forexfactory.com/images/m...act_medium.gif ISM Non-Manufacturing Index 53.9 53.5 54.1

Quote
I can imagine the PANIC in NYSE now DJI already active and DROPPING like no end. :surprised The NEWS coming out might do more damage to US. That if more RED news coming out. If GREEN... we might see the BOTTOM price today. If RED... the BOTTOM price for CARRY TRADES might be DAYS from now. Just my opinion.
  • #4,975
  • Jan 4, 2008 9:14am Jan 4, 2008 9:14am
Quoting savant
Massive plunge for gold n oil and still dropping.
Thus, CARRY TRADES can't go much lower. I think we might see the BOTTOM price for today. As long as OIL and GOLD are dropping... all JPY pairs might going UP a bit. Long term still BEARISH for USD
  • #4,976
  • Jan 4, 2008 9:21am Jan 4, 2008 9:21am
Quoting Malaysia
That's why Market acted strangely even for the BAD NFP data... the next news already leak I guess.

11:00pm USD http://www.forexfactory.com/images/m...act_medium.gif ISM Non-Manufacturing Index 53.9 53.5 54.1
Bottom price for carry trade pairs are more likely. Anyone trading with JPY will notice it.
Monthly Profit & Lost :- May - +85 pips
  • #4,977
  • Jan 4, 2008 9:27am Jan 4, 2008 9:27am
Quoting savant
Bottom price for carry trade pairs are more likely. Anyone trading with JPY will notice it.
Ouch ... that's hurt ... another sudden burn .... 20 pips gone case ...
What a day .... haha
Banker please return my pipins.
  • #4,978
  • Jan 4, 2008 9:35am Jan 4, 2008 9:35am
DJI still DROPPING!!! How are GOLD and OIL... if they stop from dropping... we might not see the bottom price for CARRY TRADES yet... Better SELL from Bounce rather than BUY from dip on JPY pairs now. LONG TERM... USD still gonna weaken. Just my opinion.
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  • #4,979
  • Edited 10:02am Jan 4, 2008 9:43am | Edited 10:02am
Quote
The dollar spiked higher versus the Canadian loonie as oil prices tumbled Friday morning. The greenback, which fell sharply against other majors Friday morning amid the release of dismal jobs data, jumped back above par versus the loonie for the first time since December 20.The dollar stood at exactly 100 Canadian cents shortly after 10 am ET, up from an early level near .9875.With traders betting on diminished demand from the US, light sweet crude for February delivery fell below $98, easing back from the $100 mark reached twice earlier this week.
I would call this DAMAGE CONTROL. USD should be SERIOUSLY weakening like mad already with that terrible NFP data. Just look at the figure... that is VERY VERY RED!!! Someone or some group must be seeing this already and can't allow USD tumbling down... this must be part of the DAMAGE CONTROL. They look for alternative to strengthen the GREENBACK. Very fishy... can you smell it?

I just sense this thing... just curious why that OIL and GOLD price must DROP during NFP? Why not some other time. Huhuhu....

Just my thinking... from my chart observation... lots of MANIPULATION on the markets lately... I could be wrong....

9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Nonfarm Employment Change 18K 70K 115K

Next NFP could be minus... then we see US having RECESSION. That if the next NFP gonna be RED again.
  • #4,980
  • Jan 4, 2008 9:51am Jan 4, 2008 9:51am
i am noticing cable going down without USD influence rite now.
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