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Help needed in OANDA + users from Malaysia 105 replies

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  • #10,681
  • Apr 17, 2008 8:54am Apr 17, 2008 8:54am
Quoting arinforex
thats what we called hedge. geppy -300 is normal la. unless EU -300 ..we called dead end.
Me...No guts to hedge.....Just normal trading....
  • #10,682
  • Apr 17, 2008 8:54am Apr 17, 2008 8:54am
Hi all.. what is retracement? .. (tak tau apaČ haha)


p/s: sorry for my stupid question.. i'm newbie.. i'm still on page 53
  • #10,683
  • Apr 17, 2008 9:31am Apr 17, 2008 9:31am
Quoting hazim_fahmi
Hi all.. what is retracement? .. (tak tau apaČ haha)


p/s: sorry for my stupid question.. i'm newbie.. i'm still on page 53
When something went up... reached the TOP... then start to fall down... The fall down process is called RETRACEMENT.

When something drop down... touch the ground... then start to bounce up... The bounce process is called RETRACEMENT.

Some people called it PRICE CORRECTION... after over sold or overbought.

This is form my understanding. Any other members can give different kind of view.
  • #10,684
  • Apr 17, 2008 9:35am Apr 17, 2008 9:35am
Quoting Malaysia
When something went up... reached the TOP... then start to fall down... The fall down process is called RETRACEMENT.

When something drop down... touch the ground... then start to bounce up... The bounce process is called RETRACEMENT.

Some people called it PRICE CORRECTION... after over sold or overbought.

This is form my understanding. Any other members can give different kind of view.
Salam Bro, just back from office.... tired.... still bleeding on my GU....my vegas method not working today.... too focus on larger time scale....are you still hedging.....?
  • #10,685
  • Apr 17, 2008 9:47am Apr 17, 2008 9:47am
Quoting wakli
Me...No guts to hedge.....Just normal trading....
me hedge coz caught in the wrong end.. nobody wants to be caught in hedge. troublesome.
  • #10,686
  • Apr 17, 2008 10:08am Apr 17, 2008 10:08am
Ooooo understood.. Thanks bro!! So after retracement happen = reversal, right?.. Planning to study on fibo after this.. ..
  • #10,687
  • Apr 17, 2008 10:22am Apr 17, 2008 10:22am
Quoting wakli
Me...No guts to hedge.....Just normal trading....
wakli sengih-sengih..profit a lot yer? hehe
I am bored..
  • #10,688
  • Apr 17, 2008 10:38am Apr 17, 2008 10:38am
since i have been quite free lately..i just want to share on bb band. many people trade bb band when price touch the upper/lower band and they fade the move and these people usually will lose. many people trade bb band when it breaks middle band and these people also normally will lose money hehe...

from what i observe when using bollinger band or any volitility band. look for 3 simple useful indication by the bb band.. remember it is an indication of what next not written black and white in stone. so pandai2 lah limit your risk
1. when price up approaching upper band. look at the upper band. if pointing up.. possibility continuation of price up. (same with the opposite scenario)
2. when price going up and approaching upper band. look at the upper band, if pointing down..expect price to rebound down. (same with the opposite scenario)
3. bb band tightening, find the high and low of the congestion..expect breakout. straddle up and down.

okay see you all & good luck.
I am bored..
  • #10,689
  • Apr 17, 2008 11:24am Apr 17, 2008 11:24am
Quoting Malaysia
Bro... IF you still got EQ problem with demo... don't ever try LIVE Acc Anyhow... you can try with MINI/MICRO Acc with small amount of money first if you want.. to brush up your EQ with real money. But Don't risk all yet.
i got u bro.. it mini acct with small capital... just like G33maroon said.. the feel more better...
  • #10,690
  • Apr 17, 2008 5:42pm Apr 17, 2008 5:42pm
Will scores of bad data from US yesterday (except Google) distract risk appetite sentimen in Nikkei today ?

If so, geppy might going down. However, if there is more buying on gbp (look at euro/gbp).. up down up down..
  • #10,691
  • Apr 17, 2008 7:05pm Apr 17, 2008 7:05pm
Quoting cappalz
i got u bro.. it mini acct with small capital... just like G33maroon said.. the feel more better...

Whether you are trading a standard or a mini account, as you are still new and just starting, stay away from gbp/jpy. To trade gbp/jpy you need a sizeable amount of liquidity and it can wipe out accounts in 30 seconds and many traders believe they can make a huge amount of money from gbp/jpy but sadly the reverse is very true often. Try trading the major and slower moving pairs that are easier to study and analyse. The one who emerges as a winner is not the one who think he can make money from fast moving pair but the one who manages his money and above all manages his mind. Also remember to hols gbp/jpy is not an easy thing as the premium is rather very high. The best way to trade gbp/jpy is not trading it everyday. but be patient and follow it when it reaches rock bottom and bottoms out you will see definite signs of a bullish turn often very nicely indicated by elliot Wave, put in your position and ride the way either up or down and you will make really good money. Thats what I did I waited till it reached 240 are and i shorted it and waited patiently as all analysis indicated 195 where I tp. Now again I wait patiently for it t drop and see if i can take the next train up north. try eur/usd and usd//chf, you will be amazed how well you can do. Remember ROME was not built in one day. All the best.
  • #10,692
  • Apr 17, 2008 7:43pm Apr 17, 2008 7:43pm
Quoting cappalz
i got u bro.. it mini acct with small capital... just like G33maroon said.. the feel more better...
yes. u can open mini acct with US 250 or US 300. most broker will accept this. from there u can start building ur capital. few brokers like Webtrader, fxopen, fxmalay, fxegypt, etc allows u to open acct with minimum deposit of us 25. however i don't advise u to have starting capital of us 25. u may lose it with ur first trade.

i suggest u start mini acct with us 300. trade the major pair that's not as volatile as GJ, UJ or GU. U can try EU, NU or EC.

good luck. http://www.forexfactory.com/images/icons/euro.gif
  • #10,693
  • Apr 17, 2008 7:47pm Apr 17, 2008 7:47pm
Quoting wakli
Me...No guts to hedge.....Just normal trading....
no hedge means ur trading always on winning trail. care to share with us ur secret? http://www.forexfactory.com/images/icons/icon14.gif

this morning entry:

Pair: EU/CH. Sell @ 1.5999. TP @ 1.5942. SL @ 1.6020.
TAYOR!!
  • #10,694
  • Apr 17, 2008 7:49pm Apr 17, 2008 7:49pm
Quoting vijayshantid
Whether you are trading a standard or a mini account, as you are still new and just starting, stay away from gbp/jpy. To trade gbp/jpy you need a sizeable amount of liquidity and it can wipe out accounts in 30 seconds and many traders believe they can make a huge amount of money from gbp/jpy but sadly the reverse is very true often. Try trading the major and slower moving pairs that are easier to study and analyse. The one who emerges as a winner is not the one who think he can make money from fast moving pair but the one who manages his money and above all manages his mind. Also remember to hols gbp/jpy is not an easy thing as the premium is rather very high. The best way to trade gbp/jpy is not trading it everyday. but be patient and follow it when it reaches rock bottom and bottoms out you will see definite signs of a bullish turn often very nicely indicated by elliot Wave, put in your position and ride the way either up or down and you will make really good money. Thats what I did I waited till it reached 240 are and i shorted it and waited patiently as all analysis indicated 195 where I tp. Now again I wait patiently for it t drop and see if i can take the next train up north. try eur/usd and usd//chf, you will be amazed how well you can do. Remember ROME was not built in one day. All the best.
Totally agree with u dude. Anyway ,for those who really want to trade g/j and with limited capital, you have to plan your MM wisely with SL. Its not fun burning account of ppl or yourself. :
Monthly Profit & Lost :- May - +85 pips
  • #10,695
  • Apr 17, 2008 7:51pm Apr 17, 2008 7:51pm
Quoting arinforex
Will scores of bad data from US yesterday (except Google) distract risk appetite sentimen in Nikkei today ?

If so, geppy might going down. However, if there is more buying on gbp (look at euro/gbp).. up down up down..
Dow was only up 1.22 pts last night. I believe the market has already priced in their expectations that's why geppy only corrected a little then went even higher. You noticed my post regarding GU as supported by Citigroup writedown? geppy might soar if this is true. reversal is possible but i dont see it for now. i expect prices to consolidate instead and could even soar higher. but lets wait and see.. i will wait for the london session and the winding down of the tokyo session before i enter. signals will be much clearer that time.
  • #10,696
  • Apr 17, 2008 8:04pm Apr 17, 2008 8:04pm
REPOST

19:19 GMT April 17
03:14 Malaysia TIme 18 April 2008

GBP opened in New York trading 1.9770 following a relatively stable overnight session of trade. However, this what not to be the case in New York with price action reversing course from the outset and rallying sharply for much of the session to trade back above 1.9900 to 1.9925. Much of the price action was driven by material profit taking in the EUR/GBP cross off its all-time highs, while the weaker than expected US data in the form of a disappointing Philly Fed and softer leading indicators did not help the greenback"s cause. Still, heavy offers in the 1.9900-2.0000 emerged on rallies.

Also seen helping underpin the pound is speculation that a UK mortgage plan could be announced as early as next week (BBC/Times/Reuters). EUR/GBP scaled a euro lifetime peak a fraction shy of 0.8099 yesterday and while 0.8097 was today"s European morning intra-day top, the sharp fall to 0.7976 today has signaled to many that the top of the cross has been seen. GBP outperformed overall with strong gains seen against the CAD and JPY as well, with speculation that GBP/CAD gains were linked to M&A flows.
  • #10,697
  • Apr 17, 2008 8:11pm Apr 17, 2008 8:11pm
San Francisco, April 17. GBP/USD is little changed this afternoon in the wake of comments from BOE Bean who highlights the BOE conundrum noting slowing UK growth while the inflation pressures continue to rise. In addition, Bean also notes that the falling sterling has added to inflation pressures while at the same time, helping to offset the credit crunch. Bean says the MPC is walking a tightrope and that is why the central bank hopes that measures leaked this week, and due next week to address the liquidity issue will ease the logjam.
GBP/USD has seen little reaction, caught in a 1.9880-1.9925 consolidation range after morning gains. But sterling is still bid on the crosses, holding near session highs on GBP/JPY, trading at 204.27 and extending gains on GBP/CAD in the last hour to fresh highs around 2.0184. EUR/GBP also remains near session lows of 0.7972 and is trading at 0.7976. [email protected] /rd

英镑兑美元：毕恩强调英央行面临的困境

毕恩强调英央行面临经济放缓和通胀增大的两难困境后，午盘汇价变化不大。他也称，同时英镑贬值增大了通胀压力，帮助缓解信贷紧缩。汇价仍在1.9880- 1.9925盘整早盘涨幅。但是英镑仍然全盘呈买调，英镑/日元接近时段高点，位于204.27附近。过去四小时英镑/加元延续涨势，升至新的时段高点 2.0184附近。欧元/英镑接近时段低点0.7972附近
  • #10,698
  • Apr 17, 2008 8:13pm Apr 17, 2008 8:13pm
Sydney, April 18: The GBP/USD has risen dramatically in the past 24 hours after it was reported that the BOE might announce a bail-out plan for embattled mortgage sector as early as next week. The news convinced massive short GBP positions against a host of currencies to bail out with the EUR/GBP crashing over 100 pips.

The GBP/USD broke above steep trend-line resistance around 1.9850 and hasn"t looked back. The move higher also took out the 38.2 fibo of the 2.0400/1.9600 move at 1.9905. Key resistance is found at last week"s high at 1.9955, as a break above that level would end a four week sequence of lower weekly highs and a close above that level would result in a key outside week reversal higher. Hourly support has formed at 1.9885 and a break below that level could see a gap filled towards 1.9820. The GBP/USD trades 1.9892/97. [email protected]

英镑兑美元：今日相对其它货币走强


今日英镑相对其它主要货币走强，主要与欧元/英镑多头结利有关。之前早盘欧盟集团主度容克称市场可能未能理解G7会议发 出的信息。支持英镑的因素还有最近 英央行可能开始提供将有问题的抵押贷款证券转换为政府支持证券的项目。这是 步美国后尘，可能对英国的金融市场提供帮助。股市上扬也支持英 镑/美元。
  • #10,699
  • Apr 17, 2008 8:25pm Apr 17, 2008 8:25pm
REPOST from other Source

Pivot: 1.998

Our preference: Short positions below 1.998 with targets @ 1.984 & 1.9807 in extension.

Alternative scenario: Above 1.998 look for further upside with 2.002 & 2.005 as targets.

Comment: intraday technical indicators are overbought, caution.
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  • #10,700
  • Apr 17, 2008 9:21pm Apr 17, 2008 9:21pm
Quoting Malaysia
Eyes on this News tonight... IF GREEN... perfect time to UNHEDGE for me.

However, looking at the past data... I don't think it will be GREEN. More likely RED. I could be stuck a long time with this HEDGE if USD deteriorate even more.

Watching closing of the price action... any sign of REVERSAL... I'll quickly UNHEDGE. Plus... at anytime now (especially if EU above 1.6xx) ... INTERVENTION to strengthen the USD will commence. Be alert and vigilant.

Just speculation... nothing certain yet. EXPECT THE UNEXPECTED.
I think I'll stuck with this HEDGE for a long time So tired already the whole night Hedge Unhedge Hedge Unhedge but no Retracement at all This is my Final UNHEDGE... already placed PO BUY Stop a few pips above last night HIGH (1.9923). If Shoot UP again causing me to HEDGE again... I'll forget the Hedging positions for a while (until there's clear Fundamental News saying Pound Sterling gonna weaken). I will make a fresh New Entry and forget the HEDGE. Because while Hedging... it can disturb/cloud a proper judgment/analysis.

Lots of TAKING PROFIT and SELLING activities going on on EurGbp... It has been shooting up a long long time... With the Good Rumors from UK and Possible intervention to bring EU down... SELLING EurGbp was the best choice. Plus those LONG TERM traders Taking out Profit from their LONG on EurGbp. This activities causes the Pound Sterling to STRENGTHENED so much!!! Outperform all others currencies last night.

The power of Rumors and Speculation...

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