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Help needed in OANDA + users from Malaysia 105 replies

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  • #10,001
  • Apr 10, 2008 11:28pm Apr 10, 2008 11:28pm
Just back from friday prayer... Geppy heading down...Just shorted at 201.20...SL at 201.90....Good luck....
  • #10,002
  • Apr 10, 2008 11:34pm Apr 10, 2008 11:34pm
wooo...wakli...so fast eh taking the trade...

good luck...i'm still waiting for good chance...hehehe...market not moving that much since morning...
  • #10,003
  • Apr 10, 2008 11:37pm Apr 10, 2008 11:37pm
Yes, that was a news posting from lai1579

What I did was to post the news IN ENGLISH
and follow-up with a Chinese translation version.

Sydney, April 11: EUR/JPY buying and EUR/USD short covering has pushed the EUR/USD up to a session high at 1.5787. The EUR/USD has traded with a bid tone since moving above hourly resistance at 1.5760 with the next level of resistance found at former support around 1.5810. Traders say that short EUR/USD positions are squaring up ahead of the European open, as that market might view the slide lower seen during the US session as a buying opportunity after the pairing hit an all-time high in Europe yesterday. Helping to support the EUR/USD is speculation that sovereign names are on the bid between 1.5730/40 and expectations that Middle East names might still be buyers of EUR/USD on dips as they were the main buyers yesterday. The EUR/USD trades 1.5775/80.

欧元兑美元：欧洲开盘前上扬

欧元/日元买盘以及欧元/美元空头回补推高欧元/美元至时段高点1.5787，自从上破小时图阻力1.5760后欧元/美元维持买调，下一阻力在前支持 1.5810。主权帐户在1.5730/40有买盘的猜测以及中东帐户可能逢低买入的预期帮助支持欧元/美元。汇价现报1.5770/72。
  • #10,004
  • Apr 10, 2008 11:41pm Apr 10, 2008 11:41pm
Tokyo, April 11. USD/JPY and JPY crosses look to be freshly bid going into the European open with USD/JPY making tracks above the 102.00 area where it held for most of the Tokyo afternoon and EUR/JPY up to fresh highs of the session. USD/JPY is currently trading 102.12/14, still below the 102.28 spike high seen this morning. EUR/JPY trades 161.07/10, having traded up to as high as 161.20/25 a short while ago.
USD/JPY sees resistance still towards the session high and then ahead of presumed option barriers at 103.00. Although stops are eyed above this latter level, Japanese exporter offers which trail higher from 103.00 should provide some headwind on attempts higher should the pair move up this high. Downside support in USD/JPY looks to be firm at 101.50-60 with more bids clumped around 101.00 and trailing lower. Japanese importers and investors who were unable to buy at yesterday"s lows look to be eyeing dips once again. EUR/JPY seen topside resistance at 161.75, the high on Tuesday, with more around 162.00 and then at 162.30, the spike high on January 11. Support below looks to be firm towards 160.00, 160.15 the low in early Asian trading today.

美元/日元：欧洲开盘前上扬

欧洲开盘前美元/日元和日元交叉盘再次呈现买调，美元/日元上破102.00，欧元/日元升至时段新高161.20/25。美元/日元阻力仍在时段高点和 103.00障碍期权，后者上方有止损，103档还有日本出口商卖盘。美元/日元下方坚挺支持在101.50-60，更多买盘云集于101.00及其下 方。欧元/日元上方阻力在161.75，周二高点，更多阻力在162.00和162.30，下方坚挺支持在160.00。美元/日元现报 102.02/05，欧元/日元现报160.96/99。
  • #10,005
  • Apr 10, 2008 11:57pm Apr 10, 2008 11:57pm
Quoting wakli
Just back from friday prayer... Geppy heading down...Just shorted at 201.20...SL at 201.90....Good luck....
I can smell you....
Holding another short position at 201.50

Cable at 1.9750
Both manual SL based on CS formation...

Cheers!
  • #10,006
  • Apr 11, 2008 12:02am Apr 11, 2008 12:02am
Quoting johnbaem
I can smell you....
Holding another short position at 201.50

Cable at 1.9750
Both manual SL based on CS formation...

Cheers!
Heheheh....Don't forget pair of sunglasses in case the pair wnna play poker.... Guards up bro!!!!
  • #10,007
  • Apr 11, 2008 12:04am Apr 11, 2008 12:04am
Quoting wakli
Heheheh....Don't forget pair of sunglasses in case the pair wnna play poker.... Guards up bro!!!!
Will do... The price seems try to break both major line that i drawn, able to do so.. long way to the south..
  • #10,008
  • Apr 11, 2008 12:06am Apr 11, 2008 12:06am
Quoting johnbaem
I can smell you....
Holding another short position at 201.50

Cable at 1.9750
Both manual SL based on CS formation...

Cheers!

Read my post earlier... my target 1.9655... a few pips above Complete Retracement. Considering spread factor Placed the trade... monitor the PRICE ACTION... and "tawakal".

p/s: PO SELL might be placed for breakout if Cable seems having momentum to break the Strong Support.
  • #10,009
  • Apr 11, 2008 12:09am Apr 11, 2008 12:09am
Quoting Malaysia
Read my post earlier... my target 1.9655... a few pips above Complete Retracement. Considering spread factor Placed the trade... monitor the PRICE ACTION... and "tawakal".

p/s: PO SELL might be placed for breakout if Cable seems having momentum to break the Strong Support.
Fiber seems gaining strength... Cable can't fall lower IF Fiber keep shooting UP.
  • #10,010
  • Apr 11, 2008 12:22am Apr 11, 2008 12:22am
Ive this line...

Strong support line they are trying to break...

My Beloved Geepy...

Attached Image (click to enlarge)
Click to Enlarge Name: gj tf1h.gif Size: 20 KB


My Seniorita Cable...

Attached Image (click to enlarge)
Click to Enlarge Name: gu tf1h.gif Size: 20 KB
  • #10,011
  • Apr 11, 2008 12:26am Apr 11, 2008 12:26am
I am not good at this pattern... looking at Cable H1 chart... is that a POSSIBLE Head and Shoulder formation in action?

Please advise if you are good at recognizing H&S pattern.
Attached Image (click to enlarge)
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  • #10,012
  • Apr 11, 2008 12:41am Apr 11, 2008 12:41am
Real action on Geppy now. Expecting a rebound at 50% Fibbo Fail to break that... bounce UP could reach the Yellow Resistance Trend Line. However, IF Geppy Bear is strong enough to break it... further down south.
Attached Image (click to enlarge)
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  • #10,013
  • Apr 11, 2008 12:45am Apr 11, 2008 12:45am
Quoting cappalz

i see GJ want make double bottom again... is it ?
http://i107.photobucket.com/albums/m...x/gj110408.jpg

http://i107.photobucket.com/albums/m...forex/tt-2.gif

just want move my jouney in learning.... the more comment... the more i learn.....http://www.forexfactory.com/images/icons/icon10.gif
  • #10,014
  • Apr 11, 2008 12:53am Apr 11, 2008 12:53am
Quoting johnbaem
I can smell you....
Holding another short position at 201.50

Cable at 1.9750
Both manual SL based on CS formation...

Cheers!
Geepy triggered my SL at 30pips... whats occur all this???
Cable is combating...
  • #10,015
  • Apr 11, 2008 1:07am Apr 11, 2008 1:07am
Bearish Spinning Top on H4 chart... Spinning Top on H1 chart... Shooting Star on M30.... Technically CABLE should DROP DOWN now! Fundamentally also on the Bearish side.

Why the heck so hard for it to fall down??? Big Players playing about OR Brokers Intervention to Hunt More Stop Loss?

Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart1068.PNG Size: 39 KB
Click to Enlarge Name: chart1069.PNG Size: 79 KB
  • #10,016
  • Apr 11, 2008 1:11am Apr 11, 2008 1:11am
Quoting Malaysia
Bearish Spinning Top on H4 chart... Spinning Top on H1 chart... Shooting Star on M30.... Technically CABLE should DROP DOWN now! Fundamentally also on the Bearish side.

Why the heck so hard for it to fall down??? Big Players playing about OR Brokers Intervention to Hunt More Stop Loss?


I dont think its from Big Boys... Brokers must be hunt for the near SL... I still remember someone told me that for every opening market session, they will clear all the near SL to start back clean... gggrrrrr....
  • #10,017
  • Apr 11, 2008 1:23am Apr 11, 2008 1:23am
Quoting johnbaem
I dont think its from Big Boys... Brokers must be hunt for the near SL... I still remember someone told me that for every opening market session, they will clear all the near SL to start back clean... gggrrrrr....
OR Market IN DENIAL still. G7 Meeting today. My personal view... high possibility they gonna do something to strengthen back the US Dollar. The Greenback is spiral falling now... that is bad ... high impact and hurting the world Import Export and Trade Balance badly. Something got to be done to safeguard this.

p/s: Only that the report will be released on Saturday. Expecting Monday gonna be VERY VOLATILE!!!
  • #10,018
  • Apr 11, 2008 1:26am Apr 11, 2008 1:26am
Hayya'alal Solah... Hayya'alal Falah!!!
  • #10,019
  • Apr 11, 2008 1:31am Apr 11, 2008 1:31am
Quoting Malaysia
OR Market IN DENIAL still. G7 Meeting today. My personal view... high possibility they gonna do something to strengthen back the US Dollar. The Greenback is spiral falling now... that is bad ... high impact and hurting the world Import Export and Trade Balance badly. Something got to be done to safeguard this.
Sham, do you mind for explaining all above? I mean on the trade balance and how greenback effecting the whole globe?
  • #10,020
  • Apr 11, 2008 1:52am Apr 11, 2008 1:52am
Quoting johnbaem
Sham, do you mind for explaining all above? I mean on the trade balance and how greenback effecting the whole globe?
Uh Macroeconomics topic again. I love it! Let me explain this in a simple term.

Just imagine USD is seriously loosing value and Ringgit Malaysia strengthening so much. As we know... USA is our BIGGEST trade partner. Let say we are exporting "cincalok/belacan" over there. What would the price be? Of cause getting more expensive isn't it? Thus... lead to less demand. At the end hurting the factory producing "cincalok/belacan". One more thing... imagine what gonna cost US Investor to open up a factory here in Malaysia? With rising Currency rate against them... more expensive labour... They would think twice to make a business here.

Since Malaysia has no significant impact to the world economy scope. Take JAPAN for an example. The CAR manufacturing business. Can US consumer later on afford to buy Mitshubishi OR Nissan OR Toyota with the rising price? Thus... can't see much "drifting" action in USA :. Surplus and expensive is a recepy for disaster. Demand will deteriorate significantly. Japan will suffer.

It's a VISCOUS CYCLE / CIRCLE.
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