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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #6,301
  • Feb 4, 2008 4:52am Feb 4, 2008 4:52am
Quoting Malaysia
Welcome back my friend across the Globe Yeah... been in terrible situation lately. Now things getting better
Right on!!
I was working at capital group for the last few months trading a fund and then before the holidays a GBP/JPY long trade was taken and held. Wiped out one of our accounts........a big one. I worked round the clock to get it back. It was a pretty crappy first time experience I hope nobody has to go through. Always remember to set a stop loss.

They then lied to the client about the trade..........and then I was outta there!!!!!! No more good trader for them. I'm starting my own firm.
  • #6,302
  • Feb 4, 2008 4:58am Feb 4, 2008 4:58am
Quoting jackojacko
heys sham u using bb? change ur bb to period 10 and check out tf 30m. it looks like a double bottom thingy. wat does it suppose to mean?
Opsi... I put BB to study it... so far I am not really using BB signal for Entry or Exit. Still lots to learn on BB. I never change the setting. I just use standard one... 20. Just don't wanna get confuse if I keep changing setting before mastering particular setting first. Anyone here good at BB indi. Please share point of view.
  • #6,303
  • Feb 4, 2008 4:59am Feb 4, 2008 4:59am
Quoting kusniagos
Got wack today, better days ahead!!!! Loss 100pips for me!!! Still never give up!!!!
don't worry, my fren. you will get it back.

EU not moving much. Wonder why. No important news today. Or, perhaps waiting for New York open.
  • #6,304
  • Feb 4, 2008 5:01am Feb 4, 2008 5:01am
Quoting sleep1Iopen
Right on!!
I was working at capital group for the last few months trading a fund and then before the holidays a GBP/JPY long trade was taken and held. Wiped out one of our accounts........a big one. I worked round the clock to get it back. It was a pretty crappy first time experience I hope nobody has to go through. Always remember to set a stop loss.

They then lied to the client about the trade..........and then I was outta there!!!!!! No more good trader for them. I'm starting my own firm.
Cheeky you !!! Be like me... just a FREELANCE trader. Not working with anyone... just me and my clients that close to me.
  • #6,305
  • Feb 4, 2008 5:01am Feb 4, 2008 5:01am
Thanks, hv gone thru bad days!!!!!!
Theres' light at the end of the tunnel....
  • #6,306
  • Feb 4, 2008 5:03am Feb 4, 2008 5:03am
Heres my 2 cents for you and your group of elites on cable. I have a bullish outlook on any trades I'm looking to enter. We have bullish stochastics on the 4h and 1h and that purple line your lookin at there is the yearly 76.4 fib (hard support). The brown line below it is monthly 38.2 (more hard support).
Good luck
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  • #6,307
  • Feb 4, 2008 5:05am Feb 4, 2008 5:05am
Quoting Malaysia
Cheeky you !!! Be like me... just a FREELANCE trader. Not working with anyone... just me and my clients that close to me.
Thats what I'm doin. I'm switching to ODL though. Much better spreads and execution (less re-quotes).
  • #6,308
  • Feb 4, 2008 5:33am Feb 4, 2008 5:33am
sham u still shorting?
You better be ready for the future, for the future is NOW.
  • #6,309
  • Feb 4, 2008 5:34am Feb 4, 2008 5:34am
Quoting abanglong
don't worry, my fren. you will get it back.

EU not moving much. Wonder why. No important news today. Or, perhaps waiting for New York open.

I am waiting to SHORT EU whenever it reach 1.49 area. Almost majority traders are waiting for that opportunity. Just follow the crowd.
  • #6,310
  • Feb 4, 2008 5:39am Feb 4, 2008 5:39am
Quoting sleep1Iopen
Heres my 2 cents for you and your group of elites on cable. I have a bullish outlook on any trades I'm looking to enter. We have bullish stochastics on the 4h and 1h and that purple line your lookin at there is the yearly 76.4 fib (hard support). The brown line below it is monthly 38.2 (more hard support).
Good luck
Yup. I am also wait for a bullish signal as well.
  • #6,311
  • Feb 4, 2008 5:39am Feb 4, 2008 5:39am
Quoting jackojacko
sham u still shorting?
Still holding to my SHORT. Not wanting to let it go... if I let go... I left with no short... I'll be naked Anyway SL at 1.9795. Should put it above 61.8% Fibbo... but then... too much at stake to put on risk. I might switch position to go LONG on CABLE if the big papa BEAR don't come out. Really disappointed with the tiny little baby Bear so far.
  • #6,312
  • Feb 4, 2008 5:49am Feb 4, 2008 5:49am
Quoting sleep1Iopen
Right on!!
I was working at capital group for the last few months trading a fund and then before the holidays a GBP/JPY long trade was taken and held. Wiped out one of our accounts........a big one. I worked round the clock to get it back. It was a pretty crappy first time experience I hope nobody has to go through. Always remember to set a stop loss.

They then lied to the client about the trade..........and then I was outta there!!!!!! No more good trader for them. I'm starting my own firm.
A professionally managed fund got wipe out? entire account? why there is no internal risk control/management? the trader not swoop away before endangering whole account with too big of position? lie is not professional or ethical.
I am bored..
  • #6,313
  • Feb 4, 2008 5:54am Feb 4, 2008 5:54am
Quoting jackojacko
heys sham u using bb? change ur bb to period 10 and check out tf 30m. it looks like a double bottom thingy. wat does it suppose to mean?
I am bored..
  • #6,314
  • Feb 4, 2008 5:55am Feb 4, 2008 5:55am
Quoting G33maroon
A professionally managed fund got wipe out? entire account? why there is no internal risk control/management? the trader not swoop away before endangering whole account with too big of position? lie is not professional or ethical.
But then... if you look at the corporate world nowadays... lie is the profession and ethic. We just don't realize it. For me BANKS is the biggest lier... Legalized Ah Long.
  • #6,315
  • Feb 4, 2008 5:59am Feb 4, 2008 5:59am
Quoting G33maroon
A professionally managed fund got wipe out? entire account? why there is no internal risk control/management? the trader not swoop away before endangering whole account with too big of position? lie is not professional or ethical.
They didn't set any stop loss. We were all out of the office over the holidays. When I came back to the office I was shocked . For all you newbies out there.....Don't lie to your clients. it only gets you in more trouble.
  • #6,316
  • Feb 4, 2008 6:00am Feb 4, 2008 6:00am
Quoting Malaysia
Yep It's the Cafe' name. It's belong to my wife and her business partners actually. I just concentrate on TRADING. The Cafe' will become this thread's place for hang out and do GATHERING. I will do TRADING over there everyday with Club Members. Everyone are welcome. It's surely more FUN to trade with others... not alone in the house.
Hi Sham,

Just saw your post. Very nice setup cafe! Looks like a 5 star coffee house.

A nice place for gathering.
  • #6,317
  • Feb 4, 2008 6:01am Feb 4, 2008 6:01am
Quote
Forex - Yen suffers from risk appetite revival
LONDON (Thomson Financial) - The yen continued to weaken through the morning, undermined by a resurgence in risk appetite.

http://www.forexfactory.com/news.php?do=news&id=68508
Risk Aversion before and now... Risk Appetite I just love this Jargon in Forex.
  • #6,318
  • Feb 4, 2008 6:01am Feb 4, 2008 6:01am
Quoting Malaysia
Still holding to my SHORT. Not wanting to let it go... if I let go... I left with no short... I'll be naked Anyway SL at 1.9795. Should put it above 61.8% Fibbo... but then... too much at stake to put on risk. I might switch position to go LONG on CABLE if the big papa BEAR don't come out. Really disappointed with the tiny little baby Bear so far.
hehe, people around the globe waiting BoE and Euro to lower down their interest rates....this unlikely to happen...(i guess). thats why bear is shying away. or she d exhausted.... what happen when nippon suddenly raised it interest rates? NFP is nothing to afraid of. bush dont know how to protect its dollar, just look at the market start from he is in white house till today. otherwise, we re happy piping without SL. hehe
  • #6,319
  • Feb 4, 2008 6:08am Feb 4, 2008 6:08am
Quoting sleep1Iopen
They didn't set any stop loss. We were all out of the office over the holidays. When I came back to the office I was shocked . For all you newbies out there.....Don't lie to your clients. it only gets you in more trouble.
I was a Senior Business Manager before in one of the Managed Fund Company. Same thing... they don't set SL. Funny things is... if the clients acc blown out. They just keep topping it up. Well... majority of the clients are filthy RICH.
  • #6,320
  • Feb 4, 2008 6:17am Feb 4, 2008 6:17am
Quoting mattrader
Hi Sham,

Just saw your post. Very nice setup cafe! Looks like a 5 star coffee house.

A nice place for gathering.
Yeah 5 star coffee house except you can't find any frapuccino, Capuccino, Mocca etc... The concept is Traditional Food & Drinks. Just purely Malaysian Traditional Cuisine and drinks such as Tongkat Ali Coffee, Teh Tarek, Cendol, ABC, LAichi Kang, Keropok Lekor, Cucur Udang, Roti Jala, Pisang Goreng, Nasi Campur etc.....

It will be GATHERING everyday over there because I'll be trading there everyday
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