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Help needed in OANDA + users from Malaysia 105 replies

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  • #8,881
  • Mar 11, 2008 12:30pm Mar 11, 2008 12:30pm
Quoting Malaysia
By right Geppy should be Down the drain already after the NFP... Intervention are actively pushing it up now

It's a WAR going on between Intervention and Mass traders... which one will win? I am clueless... don't wanna speculate anything now... just waiting for the WAR ended and market resumes at the normal pace.
The Central Bank will win, they always do!
  • #8,882
  • Mar 11, 2008 12:35pm Mar 11, 2008 12:35pm
Good day traders...
I'm new with forex. Is there anyone trade during news? Could u so kind to share your exp. I try to trade during news but i face a problem with slipage. is there any way to min slipage and which news is great to trade...TQ
  • #8,883
  • Mar 11, 2008 12:44pm Mar 11, 2008 12:44pm
Quoting Malaysia
By right Geppy should be Down the drain already after the NFP... Intervention are actively pushing it up now

It's a WAR going on between Intervention and Mass traders... which one will win? I am clueless... don't wanna speculate anything now... just waiting for the WAR ended and market resumes at the normal pace.
Quoting AmeriTrini
The Central Bank will win, they always do!
Agreed, that's why we follow the CB
They have more bucks than us http://www.forexfactory.com/images/icons/icon10.gif
I think this move could last at least 2 to 3 days .. hopefully as because I entered long again .. hehee ( up around 200 pips from last nite long..huueeyy.. got to keep it and use good MM )
  • #8,884
  • Mar 11, 2008 12:55pm Mar 11, 2008 12:55pm
Quoting azri
Good day traders...
I'm new with forex. Is there anyone trade during news? Could u so kind to share your exp. I try to trade during news but i face a problem with slipage. is there any way to min slipage and which news is great to trade...TQ
If you're still new, my advise is not to trade during the news. It's easy to get whipsaw. Better wait until a trend is developed. Plus you are not guaranteed to get filled at the price you designated. Use limit order if you want the exact price.
Intervention, Non-Farm Payroll, etc.. are the market mover http://www.forexfactory.com/images/icons/icon10.gif
  • #8,885
  • Mar 11, 2008 1:01pm Mar 11, 2008 1:01pm
Quoting mktjong
If you're still new, my advise is not to trade during the news. It's easy to get whipsaw. Better wait until a trend is developed. Plus you are not guaranteed to get filled at the price you designated. Use limit order if you want the exact price.
Intervention, Non-Farm Payroll, etc.. are the market mover http://www.forexfactory.com/images/icons/icon10.gif
Nice comment friend
  • #8,886
  • Mar 11, 2008 1:29pm Mar 11, 2008 1:29pm
Quoting mktjong
If you're still new, my advise is not to trade during the news. It's easy to get whipsaw. Better wait until a trend is developed. Plus you are not guaranteed to get filled at the price you designated. Use limit order if you want the exact price.
Intervention, Non-Farm Payroll, etc.. are the market mover http://www.forexfactory.com/images/icons/icon10.gif
Thanks for the advice. Before this i try to do trade using indicator but failed then i try during news..i make few pips but i not sure which news can make market move coz there is a lot of news everyday. Non-farm is market mover for sure n its consider fast market also. (during non-farm news, i face problem cannot closed trade with price i want) any other news that make market move that fast? Sorry for all the question (maybe its a stupid question but what to do...still learning).
  • #8,887
  • Mar 11, 2008 1:45pm Mar 11, 2008 1:45pm
Quoting AmeriTrini
The Central Bank will win, they always do!
Like I always say... We are ANCHOVIES ... Those Big Players and Banks are Shark and Whales

http://www.freesmileys.org/smileys/violent084.gif
  • #8,888
  • Mar 11, 2008 1:50pm Mar 11, 2008 1:50pm
Quoting azri
Thanks for the advice. Before this i try to do trade using indicator but failed then i try during news..i make few pips but i not sure which news can make market move coz there is a lot of news everyday. Non-farm is market mover for sure n its consider fast market also. (during non-farm news, i face problem cannot closed trade with price i want) any other news that make market move that fast? Sorry for all the question (maybe its a stupid question but what to do...still learning).
I have STOP trading News. Only Enter after the News released... after clearer direction established. I will NEVER trade during NFP. No No for me.

p/s: Last year before the Subrime Crisis... Trading News profited me a lot. Now... many times market react the opposite way than the News.
  • #8,889
  • Mar 11, 2008 1:55pm Mar 11, 2008 1:55pm
Quoting Malaysia
I have STOP trading News. Only Enter after the News released... after clearer direction established. I will NEVER trade during NFP. No No for me.

p/s: Last year before the Subrime Crisis... Trading News profited me a lot. Now... many times market react the opposite way than the News.
Good plan sham....
  • #8,890
  • Mar 11, 2008 1:55pm Mar 11, 2008 1:55pm
Quoting Malaysia
Like I always say... We are ANCHOVIES ... Those Big Players and Banks are Shark and Whales

http://www.freesmileys.org/smileys/violent084.gif
  • #8,891
  • Mar 11, 2008 2:31pm Mar 11, 2008 2:31pm
These are the CABLE M5 Chart from two different brokers (since I have clients with many kind of brokers). Notice anything fishy?

http://farm4.static.flickr.com/3292/...41ecf46b_o.png

http://farm4.static.flickr.com/3112/...f3da4b2d_o.png
  • #8,892
  • Mar 11, 2008 2:48pm Mar 11, 2008 2:48pm
Quoting Malaysia
These are the CABLE M5 Chart from two different brokers (since I have clients with many kind of brokers). Notice anything fishy?
From another broker..
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.gif Size: 11 KB
  • #8,893
  • Mar 11, 2008 2:54pm Mar 11, 2008 2:54pm
Quoting mktjong
From another broker..
Yep... shouldn't be any spike at that moment Uuuhhhh it smells bad Can you smell it?
  • #8,894
  • Mar 11, 2008 3:01pm Mar 11, 2008 3:01pm
Quoting Malaysia
Yep... shouldn't be any spike at that moment Uuuhhhh it smells bad Can you smell it?
Nope, I can't smell it but can see it
It's really scary to use this kind of broker. I am wondering if it was their mistake and would honor their faulty execution on client's account.
  • #8,895
  • Mar 11, 2008 3:14pm Mar 11, 2008 3:14pm
It was on the early hours of Asian Session today. I was about to scalp and I noticed the price action on that platform gone crazily up and down. I looked at other platforms (since I am using 3 different brokers) ... but they all ranging inactively.

It didn't happened just in a split second... I actually witnessed the whole drama for many seconds ... Up and Down... Up and Down.. until the CS complete forming.

That incident scared $#i* out of me... I didn't place any trade. However, IF I had SHORTED already... I am sure MY SL got to be HIT
  • #8,896
  • Mar 11, 2008 9:45pm Mar 11, 2008 9:45pm
eh.. so quiet today. everyone stay sideline ka? Making lots of money yesterday??

i have entered short GJ early morning. @ 207.60. Putting SL @ BE - 5 just now. Target @ 205.60. Let's see how it goes.

Good luck for today.
  • #8,897
  • Mar 11, 2008 9:55pm Mar 11, 2008 9:55pm
Quoting abanglong
eh.. so quiet today. everyone stay sideline ka? Making lots of money yesterday??

i have entered short GJ early morning. @ 207.60. Putting SL @ BE - 5 just now. Target @ 205.60. Let's see how it goes.

Good luck for today.


U bet its quite for now. Market has gone bad to worst. No direction ... up and down, hitting SL everywhere. Im staying out for now until a clearer picture. You lose nothing when u dont trade and have patience.
Monthly Profit & Lost :- May - +85 pips
  • #8,898
  • Mar 11, 2008 10:05pm Mar 11, 2008 10:05pm
Quoting savant


U bet its quite for now. Market has gone bad to worst. No direction ... up and down, hitting SL everywhere. Im staying out for now until a clearer picture. You lose nothing when u dont trade and have patience.
I always admire the way you are able to see and act rightly to a market situation. Must learn to be able to read between the lines and track abnormalities. Cheers and thanks for sharing.
  • #8,899
  • Mar 11, 2008 10:14pm Mar 11, 2008 10:14pm
My Indis giving out lots of false signal since the Intervention. Perhaps this Intervention will take place for a few days more. Revising all my strategies to coupe up with the situation.
My best PLAN right now... Don't trade during US Session.
Market is seriously doing WHIPSAW this week. SL easily reached. No Clear direction yet for me... anyone see clear direction yet?
If more WHIPSAW happening again and again... I might stay out for a week or two.
  • #8,900
  • Mar 11, 2008 10:31pm Mar 11, 2008 10:31pm
Quoting Malaysia
My Indis giving out lots of false signal since the Intervention. Perhaps this Intervention will take place for a few days more. Revising all my strategies to coupe up with the situation.
My best PLAN right now... Don't trade during US Session.
Market is seriously doing WHIPSAW this week. SL easily reached. No Clear direction yet for me... anyone see clear direction yet?
If more WHIPSAW happening again and again... I might stay out for a week or two.

Yeah.. its crazy and wiping out all the SL at long n short. Anyway my hourly chart showed strong resistance at top trendline. Will the bull break it? I still believe in my trendline. Bear to win the war later. Pyschological warfare. Good luck!!!
Monthly Profit & Lost :- May - +85 pips
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