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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #10,441
  • Apr 16, 2008 3:03am Apr 16, 2008 3:03am
Watch this pinbar in TF1H!

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  • #10,442
  • Apr 16, 2008 3:04am Apr 16, 2008 3:04am
Quoting johnbaem
i still think this is unexpected situation.. rumors spreads out perhaps and possibly a big issue..

anyone in bank position???
i notice 4 hr chart for GU start open a white candle..... what do u all think?
  • #10,443
  • Apr 16, 2008 3:08am Apr 16, 2008 3:08am
any one open short position on cable?
  • #10,444
  • Apr 16, 2008 3:10am Apr 16, 2008 3:10am
Quoting tkh33
i notice 4 hr chart for GU start open a white candle..... what do u all think?
I,m already going short.. But to play safe just wait for the news..
Go figure.. Simplicity work
  • #10,445
  • Apr 16, 2008 3:10am Apr 16, 2008 3:10am
Quoting tokwanden
Sorry bro I didnt get you. Could you please share some..Pleaseee.. (Saya budak baru belajar..) Tokwan
Tokwan... to explain this technique properly... I have to write more than 10 pages to give you a complete understanding... which I did previously... with all the testing and trading real live using this strategy alone.

Please search it within this thread to study about it... if you want to. I don't wanna write a brief explanation for it... because IF you use it without a complete understanding... it will eat you out alive.
  • #10,446
  • Apr 16, 2008 3:13am Apr 16, 2008 3:13am
Fasten your site belt, news is about to release~~~

Bear is already taking position now after sudden shock for a while..

News will shown the direction!
  • #10,447
  • Apr 16, 2008 3:13am Apr 16, 2008 3:13am
Quoting Malaysia
More than 20pips on the Green Placing SL at 1 pip above Entry Price. Either Reach the Target or I'll take out Profit manually depending the price action/CS formation later. I'll definitely CLOSED everything before the NEWS Release. Uh DANG!!! So much Turmoil

Take out profit from my LONG manually... 30pips Banked in Now switch position... I SHORT (SELL FROM BOUNCE) with 50pips SL.

T.A.Y.O.R!!!
Attached Image (click to enlarge)
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  • #10,448
  • Apr 16, 2008 3:14am Apr 16, 2008 3:14am
Quoting tokwanden
I,m already going short.. But to play safe just wait for the news..
S/l at 19735, T/P at 19600.. It seem already ++++ T.A.Y.O.R
Go figure.. Simplicity work
  • #10,449
  • Apr 16, 2008 3:15am Apr 16, 2008 3:15am
Quoting Malaysia
Tokwan... to explain this technique properly... I have to write more than 10 pages to give you a complete understanding... which I did previously... with all the testing and trading real live using this strategy alone.

Please search it within this thread to study about it... if you want to. I don't wanna write a brief explanation for it... because IF you use it without a complete understanding... it will eat you out alive.
Thanks bro.. Will search it later..
Go figure.. Simplicity work
  • #10,450
  • Apr 16, 2008 3:17am Apr 16, 2008 3:17am
Quoting tokwanden
S/l at 19735, T/P at 19600.. It seem already ++++ T.A.Y.O.R
Yeah..say hello to bear...but why it so early..???
  • #10,451
  • Apr 16, 2008 3:17am Apr 16, 2008 3:17am
I just seen a SHOOTING STAR CS on Geppy... SHORTED GJ as well with 100pips SL.

Exit on Price Action.

T.A.Y.O.R.
Attached Image (click to enlarge)
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  • #10,452
  • Apr 16, 2008 3:33am Apr 16, 2008 3:33am
green result, but it seems oledi price in this morning or ..... whatever, i have open short, hope cable will bring good luck to me today......
  • #10,453
  • Apr 16, 2008 3:34am Apr 16, 2008 3:34am
This should strengthen US back~~~

3:30am GBP http://www.forexfactory.com/images/m...mpact_high.gif Claimant Count Change
-1.2K
 -1.8K 0.6Khttp://www.forexfactory.com/images/m...us_revised.gif
 3:30am GBP http://www.forexfactory.com/images/m...act_medium.gif Average Earnings Index +Bonus q/y
3.7%
 3.6% 3.9%http://www.forexfactory.com/images/m...us_revised.gif
 3:30am GBP http://www.forexfactory.com/images/m...impact_low.gif Unemployment Rate
5.2%
 5.2% 5.2%
  • #10,454
  • Apr 16, 2008 3:37am Apr 16, 2008 3:37am
4:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Claimant Count Change -1.2K -1.8K 0.6K
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Average Earnings Index +Bonus q/y 3.7% 3.6% 3.9%
4:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Unemployment Rate 5.2% 5.2% 5.2%

RED new for the UK ... Mix with Green though. Hard to tell.
  • #10,455
  • Apr 16, 2008 3:42am Apr 16, 2008 3:42am
Quoting Malaysia
4:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Claimant Count Change -1.2K -1.8K 0.6K
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Average Earnings Index +Bonus q/y 3.7% 3.6% 3.9%
4:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Unemployment Rate 5.2% 5.2% 5.2%

RED new for the UK ... Mix with Green though. Hard to tell.
And price heading to north... hurmmm...
  • #10,456
  • Apr 16, 2008 3:46am Apr 16, 2008 3:46am
Measures the change in number of people claiming unemployment related benefits during the previous month. A falling trend has a positive effect on the nation's currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP.

( falling trend ) -1.2k, vs expected -1.8 , isnt a green result ?
  • #10,457
  • Apr 16, 2008 3:48am Apr 16, 2008 3:48am
Quoting tkh33
oh i get the picture, i thought it is like NFP kind of calculation , where the forecast will add to the previous figure. tq
You are right about it. I was wrong... my bad Thank you for correcting me

p/s: Market seems confuse at the moment. INDECISIVE. SL in place. Hayya'alal Solah... Hayya'alal Falah!!! Lets pray Asar.
  • #10,458
  • Apr 16, 2008 3:49am Apr 16, 2008 3:49am
Quoting lai1579
Measures the change in number of people claiming unemployment related benefits during the previous month. A falling trend has a positive effect on the nation's currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP.

( falling trend ) -1.2k, vs expected -1.8 , isnt a green result ?
They dont calculate it that way.. forecast is forecast, real result is worst than previous ,thats all matter. +0.6 to become -1.2k ,you should look at that and not forecast. Best is skip trading news if you r not clear bout it.
Monthly Profit & Lost :- May - +85 pips
  • #10,459
  • Apr 16, 2008 3:58am Apr 16, 2008 3:58am
Quoting Malaysia
I just seen a SHOOTING STAR CS on Geppy... SHORTED GJ as well with 100pips SL.

Exit on Price Action.

T.A.Y.O.R.
Sham,

I am still learning this thing but I am trying to understand decision with this trade. I also saw the shooting star at 1H TF but the QQE5 is still up even though the Stoch has cross down. I'll imagine that I'll wait for the QQE5 to cross down before I take the trade.

Do you have other means to give that indication that that was the good time to short from the top?

Thanks

ps. I am at the sideline now as I am not convince the news is significant to for a ride now.
  • #10,460
  • Apr 16, 2008 3:58am Apr 16, 2008 3:58am
Quoting lai1579
Measures the change in number of people claiming unemployment related benefits during the previous month. A falling trend has a positive effect on the nation's currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP.

( falling trend ) -1.2k, vs expected -1.8 , isnt a green result ?
Seems getting confuse with Mathematics... aren't we? Okey... let me explain... last time the actual figure was minus with 2.8k. This time the actual figure from last (time after deducting by 2.8k) is being deducted some more by 1.2k.

Hence we get the result of percentage rate of the actual figure (now 0.6k) deteriorating is slowing. This is not a FALLING TREND... when things get slower and slower... eventually it will stop and reverse direction... creating ASCENDING TREND. Thus, BAD NEWS.
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