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Help needed in OANDA + users from Malaysia 105 replies

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  • #10,281
  • Apr 15, 2008 3:53am Apr 15, 2008 3:53am
Quoting johnbaem
Thanks Sham... yeah quite wonder with all the bad data from UK, price retain back quickly.. bdw, again it tested my blue trendline + already cool 3 bottom..

watch the 1.9664 line and 3 times price touch that level..

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That is because Fiber been dragging Cable up. UsdChf still wanting to go south. Gold keep on rising. RISK AVERSION psychology still strong. The rate of USD depreciating seems more than Pound Sterling depreciating. I have to be patience about this. The data clearly shown that "TROUBLE" in the UK is getting bigger and bigger. Possible rate cut by 50bp is very high next. Concentrating on the Medium term effect.

Quoting Malaysia
Uh! Green News for Euro but hardly seen EU shoot UP Market seems concentrating on the bigger issue. Hummm... hinting for something... or might see the real effect later. News effect got 3 stages... Immediate effect... Medium term effect... and Long term effect. Uh... plus one more... don't forget the PREMATURE effect... and the market pricing in.

2:45pm EUR http://www.forexfactory.com/images/m...act_medium.gif French CPI m/m 0.8% 0.5% 0.2%
  • #10,282
  • Apr 15, 2008 3:54am Apr 15, 2008 3:54am
Quoting johnbaem
alhamdulillah... another TP target reach!

1st trade: 1.9868, close at 1.9668; 200pips
2nd trade: 1.9694, close at 1.9664 30pips

Both TP target at yesterday low at 1.9664.

Terima kasih tuhan... alhamdulillah...
Good job bro!!!Can 'belanja' me drinks?
  • #10,283
  • Apr 15, 2008 3:55am Apr 15, 2008 3:55am
wowwww......good job!!!!
  • #10,284
  • Apr 15, 2008 4:01am Apr 15, 2008 4:01am
Quoting wakli
Good job bro!!!Can 'belanja' me drinks?
why cannot la wey... we set a meet up! lepak sham cafe pun nice what~~~
  • #10,285
  • Apr 15, 2008 4:02am Apr 15, 2008 4:02am
Quoting Finsbury
wowwww......good job!!!!
thanks finsbury.. i guess my TP is just nice before the price quickly retracing~
  • #10,286
  • Apr 15, 2008 4:03am Apr 15, 2008 4:03am
Quoting Malaysia
That is because Fiber been dragging Cable up. UsdChf still wanting to go south. Gold keep on rising. RISK AVERSION psychology still strong. The rate of USD depreciating seems more than Pound Sterling depreciating. I have to be patience about this. The data clearly shown that "TROUBLE" in the UK is getting bigger and bigger. Possible rate cut by 50bp is very high next. Concentrating on the Medium term effect.

Thanks God This will cause fall on EU... CABLE can freely fall down now

5:00pm EUR http://www.forexfactory.com/images/m...act_medium.gif German ZEW Economic Sentiment -40.7 -30.0 -32.0
5:00pm EUR http://www.forexfactory.com/images/m...act_medium.gif ZEW Economic Sentiment -44.8 -33.0 -35
  • #10,287
  • Apr 15, 2008 4:11am Apr 15, 2008 4:11am
I think market wasnt move to much as of now for my cable and probably geepy... the incoming news for US is possible to move the market and i think thats another turning point for the price action..

yesterday, i felt like to get in early but when knowing important news from US to release, patiently i wait and luckily i get the good position on the tf30 at around 9pm...

again tonite today, probably will looking for news impact, if theres again a bad data from US, price will start moving down.. erkk.. IMHO ya..
  • #10,288
  • Apr 15, 2008 4:17am Apr 15, 2008 4:17am
Quoting Malaysia
Thanks God This will cause fall on EU... CABLE can freely fall down now

5:00pm EUR http://www.forexfactory.com/images/m...act_medium.gif German ZEW Economic Sentiment -40.7 -30.0 -32.0
5:00pm EUR http://www.forexfactory.com/images/m...act_medium.gif ZEW Economic Sentiment -44.8 -33.0 -35

Still one more problem... GOLD resilient to fall down. RISK AVERSION still strong. USD still weakening now. Later If GOLD also fall... easily see CABLE 1.9600 by today.

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  • #10,289
  • Apr 15, 2008 4:24am Apr 15, 2008 4:24am
Quoting johnbaem
I think market wasnt move to much as of now for my cable and probably geepy... the incoming news for US is possible to move the market and i think thats another turning point for the price action..

yesterday, i felt like to get in early but when knowing important news from US to release, patiently i wait and luckily i get the good position on the tf30 at around 9pm...

again tonite today, probably will looking for news impact, if theres again a bad data from US, price will start moving down.. erkk.. IMHO ya..
8:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Empire State Business Conditions Index ??? -17.0 -22.2
8:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif PPI m/m ??? 0.6% 0.3%
8:30pm USD http://www.forexfactory.com/images/m...act_medium.gif Core PPI m/m ??? 0.2% 0.5%
9:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif TIC Net Long-Term Transactions ??? 58.0B 62.0B

Good point you've got there. Still many US news to come. If we see the FORECAST figure... majority and Bias on the GREEN. If that happen... perhaps it will be the turning point for USD to strengthen. Plus RISK AVERSION psychology will switch back to RISK APPETITE psychology.

However... nothing certain yet until the release. Furthermore, if we look the trend now... more and more US Big Company reporting Big Losses out of nowhere suddenly... Surprise Unexpected News. This is what market seems scared about to LONG on USD.
  • #10,290
  • Apr 15, 2008 4:27am Apr 15, 2008 4:27am
Quoting johnbaem
alhamdulillah... another TP target reach!

1st trade: 1.9868, close at 1.9668; 200pips
2nd trade: 1.9694, close at 1.9664 30pips

Both TP target at yesterday low at 1.9664.

Terima kasih tuhan... alhamdulillah...
nice pip bro... im still stuck on greepy... i still belive with my weak system... just placing PO just anything happend...
  • #10,291
  • Apr 15, 2008 5:19am Apr 15, 2008 5:19am
1° signal for pullback in G/U H1.....step by step

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  • #10,292
  • Apr 15, 2008 5:20am Apr 15, 2008 5:20am
Look at this Just switching EG to a monthly chart and I see a ROCKET takes off :surprised Fuyyyyoooooooo......
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  • #10,293
  • Apr 15, 2008 5:24am Apr 15, 2008 5:24am
I hope...but....in the GBP/USD....USD it's very strong....in this moment..and in this afternoon many news to America......
The 1° signal is Ok...now we will watch Wall Street open !!!

Step bye step...
  • #10,294
  • Apr 15, 2008 5:35am Apr 15, 2008 5:35am
Probabily ........


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  • #10,295
  • Apr 15, 2008 6:00am Apr 15, 2008 6:00am
Quoting Malaysia
Dead Cat Bounce Strategy looks PERFECT on AudUsd Set to fall. Unless UNEXPECTED Bad news come out from US again. (I am very vigilant about possibility of more Big Company from US making Loss Report).


Perfect Dead Cat Bounce effect Theoretically... It will go down further and further and creating a lower LOW.

Go to this link to watch video presentation regarding the DEAD CAT BOUNCE effect while trading the GAP

http://www.pfxglobal.com/video-archi...the-forex.html
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  • #10,296
  • Apr 15, 2008 6:30am Apr 15, 2008 6:30am
Sham,

I try to understand few inputs from real source from FF pertaining the news for tonight news. Ive seen for the PPI, the last report shown some momentum while on the Empire State index data shown some deteriorated in the move which will lead for the red news..

How can we comply all this into the better understanding? sorry... im not so good in FA...
  • #10,297
  • Apr 15, 2008 6:47am Apr 15, 2008 6:47am
Greetings good people of this forum!

Gained good insight from this forum, thanks to host Sham & fellow comrades!

Currently working on building a reliable strategy but somewhat lacking in discipline & emotional strength for execution.

Envy you guys doing gatherings in KL.Hope in future there can be one in JB.
Was hoping to come down to KL this weekend but have to postpone to end of month.

Looking forward for future healthy discussions!
  • #10,298
  • Apr 15, 2008 7:10am Apr 15, 2008 7:10am
Quoting johnbaem
Sham,

I try to understand few inputs from real source from FF pertaining the news for tonight news. Ive seen for the PPI, the last report shown some momentum while on the Empire State index data shown some deteriorated in the move which will lead for the red news..

How can we comply all this into the better understanding? sorry... im not so good in FA...
Quote
The Producer Price Index (PPI) measures the rate of inflation (i.e., the rate of price changes) experienced by manufacturers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. When manufactures pay more for goods and services, they are likely to pass the higher costs to the consumer, so PPI is thought to be a leading indicator of consumer inflation. PPI is highly regarded, and at extremes will have a market impact equal to that of its CPI counterpart.

You can't concentrate on PPI news alone since there are 2 others Important Data too look at... the one with RED Factory icon... indicating HIGH IMPACT. Altogether there are 5 economic data to be released from US in half an hour time.

If everything GREEN/RED... easily can decipher what gonna happen next. IF MIX News... some Green some Red... then you have to weight the situation. Which data is more important with the current situation.

As for me... SIMPLE... Just watch the price action during the News Release... and half an hour after that. Then I might see the BIAS on the BULL or BEAR side.

It's not all about the NEWS... the most important thing is about the market REACTION towards the NEWS. I.e: last time when UK fixed the IR the same... should strengthened the Pound BUT market gone mad because they highly speculated BOE should cut rate due to deteriorating economy data. Instead of going UP, POUND STERLING was seriously loosing value that time.

p/s: Also open up eyes and ears for possible another BIG LOSS report by any Company from US. This thing you can't find anywhere because normally it's a SURPRISE UNEXPECTED News. We only know it later.
  • #10,299
  • Apr 15, 2008 7:13am Apr 15, 2008 7:13am
Quoting thirdeye76
Greetings good people of this forum!

Gained good insight from this forum, thanks to host Sham & fellow comrades!

Currently working on building a reliable strategy but somewhat lacking in discipline & emotional strength for execution.

Envy you guys doing gatherings in KL.Hope in future there can be one in JB.
Was hoping to come down to KL this weekend but have to postpone to end of month.

Looking forward for future healthy discussions!
Welcome to the Club
  • #10,300
  • Apr 15, 2008 7:19am Apr 15, 2008 7:19am
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