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Help needed in OANDA + users from Malaysia 105 replies

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  • #11,381
  • Apr 24, 2008 5:50am Apr 24, 2008 5:50am
I'm looking at this pair (EURGBP). After the IFO and Retail Sales news, seems like this will a good pair to short.

Would be better to wait for to penetrate 7960 weekly pivot and trendline?

What do you guys think?
  • #11,382
  • Edited 6:16am Apr 24, 2008 5:52am | Edited 6:16am
London, April 24. Choppy price action again the theme following the breaking of an Asian range. This morning"s action has actually exceeded the overnight range both sides as U.K and European data impact the Pound through both spot and cross.
U.K retail sales, on an annual basis, came in stronger than expected in March but the April CBI industrial trends data has showed a marked deterioration in orders with the sharpest fall in 18-months recorded. Conversely the CBI price balance for the last three-months showed a rise to +21 from +13 in January.
The latest data highlights the dilemma facing the Bank of England as price pressures increase but growth slows.
GBP/USD has not reacted to the CBI results but there is very little bounce in Cable, which is now bogged down in the 1.9755-65 area. However, it looks like the price element is holding more sway than the orders data. [email protected]

T R A N S L A T I O N

英镑兑美元：位于较大区间盘整


突破亚市区间后，汇价再次盘整，英镑和欧洲数据影响汇价在较大的区间运行。英国3月零售数据好于预期，但是4月CBI工业趋势调查订单差额分项数据表明订 单大幅下滑，达到18个月来的最低，相反过去3个月来的价格分项表明自1月的13升至21。这些突显了英央行面临的两难困境，一方面价格压力上涨，另一方 面增长放缓。英镑/美元对CBI调查反映不大，只是略反弹，汇价现在1.9755-65运行。

[EMPHASIS ADDED]
  • #11,383
  • Apr 24, 2008 6:09am Apr 24, 2008 6:09am
Gudday malaysia pls teach me hw to interpret fundamentals i.e news i want to know what forecast actual and previous data or values in relation to forex mean
yours
James
newbies
  • #11,384
  • Apr 24, 2008 6:15am Apr 24, 2008 6:15am
Quoting James
Gudday malaysia pls teach me hw to interpret fundamentals i.e news i want to know what forecast actual and previous data or values in relation to forex mean
yours
James
newbies
If you stay on for a while, you will learn from our postings. Just be patient and read, and read, and read.
  • #11,385
  • Apr 24, 2008 6:52am Apr 24, 2008 6:52am
hi all,

i just start study on UJ pair... which is most of the time related on GJ...

still dunno either the drawing can accepted or not... just try...

feel free to comment coz ur comment will make me learn something....

sorry about GJ chart... coz that the last week homework...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj.gif Size: 26 KB
Click to Enlarge Name: uj1.gif Size: 30 KB
Click to Enlarge Name: gj.gif Size: 28 KB
Click to Enlarge Name: gjgj21250408.gif Size: 31 KB
  • #11,386
  • Apr 24, 2008 7:00am Apr 24, 2008 7:00am
Quoting cappalz
hi all,

i just start study on UJ pair... which is most of the time related on GJ...

still dunno either the drawing can accepted or not... just try...

feel free to comment coz ur comment will make me learn something....

sorry about GJ chart... coz that the last week homework...

UJ does have 90-95% of correlation with GJ on daily. Still looking at 190 for GJ in long term, 95 for UJ
Monthly Profit & Lost :- May - +85 pips
  • #11,387
  • Apr 24, 2008 7:15am Apr 24, 2008 7:15am
Fifteen minutes to count down......
My Trading Plateform already imposed 51 pips PO rule
  • #11,388
  • Apr 24, 2008 7:21am Apr 24, 2008 7:21am
Quoting eneloop
Fifteen minutes to count down......
My Trading Plateform already imposed 51 pips PO rule
anyone agree EURUSD should moving UP,
i'm just close my post sell at -USD270
any reason that EURUSD will drop again
  • #11,389
  • Apr 24, 2008 7:21am Apr 24, 2008 7:21am
i need help, how to open an account.
  • #11,390
  • Apr 24, 2008 7:25am Apr 24, 2008 7:25am
Quoting pauline1118
i need help, how to open an account.
Live or demo account?Which broker?
  • #11,391
  • Apr 24, 2008 7:37am Apr 24, 2008 7:37am
Quoting pauline1118
i need help, how to open an account.
Go search for broker in FF. You will find many different brokers.
Monthly Profit & Lost :- May - +85 pips
  • #11,392
  • Apr 24, 2008 7:46am Apr 24, 2008 7:46am
8:30pm USD http://www.forexfactory.com/images/m...act_medium.gif Unemployment Claims 342K 375K 375Khttp://www.forexfactory.com/images/m...us_revised.gif


Green result, so USD goes up

美国上周初请失业金人数好于预期，美元指数触及时段新高。
  • #11,393
  • Apr 24, 2008 8:00am Apr 24, 2008 8:00am
8:30am USD http://www.forexfactory.com/images/m...mpact_high.gif Core Durable Goods Orders m/m 1.5% 0.5% -2.1%
8:30am USD http://www.forexfactory.com/images/m...act_medium.gif Durable Goods Orders m/m -0.3% 0.1% -0.9%
8:30am USD http://www.forexfactory.com/images/m...act_medium.gif Unemployment Claims 342K 375K 375K

Overall Green NEWS for USD It's showing signs of IMPROVING.

Binggo!!! Target 1 Reached... where next? Target 2 or Bounce Up? STRONG SUPPORT Cable is testing now.... VERY VERY STRONG.




Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart1216.PNG Size: 54 KB
Click to Enlarge Name: chart1217.PNG Size: 38 KB
  • #11,394
  • Apr 24, 2008 8:04am Apr 24, 2008 8:04am
Quoting Ultraman
anyone agree EURUSD should moving UP,
i'm just close my post sell at -USD270
any reason that EURUSD will drop again
Let the market tell you - look at the price action.
Fundamentals can be crazy sometimes...
  • #11,395
  • Apr 24, 2008 8:14am Apr 24, 2008 8:14am
Hi all,

my fxcm trade station freezed/everything stuck since 15 minutes ago.
what about your trade station - is it ok?

TQ
  • #11,396
  • Apr 24, 2008 8:27am Apr 24, 2008 8:27am
orite, how about news at 10pm,
isn't good data for USD or not?
  • #11,397
  • Apr 24, 2008 8:32am Apr 24, 2008 8:32am
Quoting redland
Hi all,

my fxcm trade station freezed/everything stuck since 15 minutes ago.
what about your trade station - is it ok?

TQ
Hmmm.... that always happens to me when I use FXCM as well. Better open it before busy market or before news... Mine still ok.
  • #11,398
  • Apr 24, 2008 8:36am Apr 24, 2008 8:36am
Quoting Ultraman
orite, how about news at 10pm,
isn't good data for USD or not?
May be less than expected... but market will be looking how big is the difference or probably a surprising figure.
  • #11,399
  • Apr 24, 2008 8:54am Apr 24, 2008 8:54am
is there any possibility that the figure might be manipulated to further strengthen USD?

just wondering
  • #11,400
  • Apr 24, 2008 8:54am Apr 24, 2008 8:54am
Quoting redland
Hi all,

my fxcm trade station freezed/everything stuck since 15 minutes ago.
what about your trade station - is it ok?

TQ
try to use other broker. if every news it stuck, no good for us. you can find list of broker at FF. good luck
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