Malaysia

By now, sham should have located a nice secluded fishing spot at Kenyir.

Hi, Good morning all

this is the sms reply from Sham this morning 730am malaysia time:
Hureey long term target touch, 1.93xxx. UK stagflation. If last low, 1.9361 broken, keep SFB. T.Y.O.R. Pls mention this in the forum, possible till 1.91xxx. Use search type long term cable to find the chart. Alert with sentiment.With US going up and pound stagflation, SFB is better.Last low will be broken. T.Y.O.R
Have a nice pips today

sham is on vacation... hurrmmm...

maybe we should gather and having same things anywhere!

Gooodddddddddddddd Mooooooooooorning

hi to all.....Malasya good vacantion.....

this is the Tp for today..set the BBands...and watching the tabel......if long...possible enter at the livel....if short possible...enter a livel....







byeeeeeeeeeee

sorry...this the tabel

yosh!

i would like to ask fellow traders, what would u do when u are trapped with bad trades? (u know, the trades are red, and nothing much u can do about it, and u become stress)

just wanna know ur experience

Accept and cut your losses and take a break. Train and test your improved and amended strategy on a Mock Account before returning to the Real World.

thanks for the reply, anyone else that have different way?

well, always set my SL same as my TP target.. Well, if going to red.. then let it be... I just open 3 post per day. 1 post profit, open post no 2, still profit end of the day. If 1 post lose, open no 2. still lose, end of trading day. and if 1st post profit, open no 2, lose and open no3, then profit. End of the day. Hey.. Im newbie!!...

Thread seems quiet...

Anybody already placing LONG on CABLE?

Well, sports works for me......Just forget about trading and come back fresh....

Double Doji on daily chart, I am staying aside waiting for trend to decide its direction.

News:
01:13 EUR/USD: Better Bid As USD Attains Offered Tone In Asia

Sydney, May 16: The better than expected Japan GDP data has weighed on the USD/JPY and has given the USD a broadly offered tone in quiet Asian trading. The EUR/USD is trading at the session high around 1.5465 after falling to 1.5439 earlier in early Asia. Traders say that interest in the EUR/USD is very light and feel that the EUR/USD is likely to range between 1.5435/85 during the Asian session at least. The EUR/USD trades 1.5462/67. -- Thomson

欧元兑美元：受益于美元全盘走弱

　好于预期的日本GDP数据打压美元/日元，导致美元在清淡的市况中呈现广泛卖调。欧元/美元交易于时段高点1.5465附近，早盘曾跌至1.5439。交易商称欧元/美元交投兴趣稀薄，亚市可能震荡于1.5435/85之间。
Analyst says: can LONG at 1.5450, SL at 1.5420.
Main Resistances: 1.5580，1.5650，1.5730；
Main Supports: 1.5380，1.5450，1.5280。

操作方式：以欧元兑美元 作为操作对象，可以在1.5450附近买进，止损放在1.5420。主要压力位1.5580，1.5650，1.5730；主要支撑位：1.5380，1.5450，1.5280。

Another Analyst says:
pullback sees to hourly support at 1.5450/60, belows sees larger correction lower to 1.5410/20 initially, then 1.5370

------------------------

Update on supports and resistances.
Pivot: 1.547

Our preference: Short @ 1.546 with targets @ 1.542 & 1.5395 in extension.

Alternative scenario: Above 1.547 look for further upside with 1.5508 & 1.554 as targets.

Comments: the pair is facing a resistance (congestion area).

------------
Contrary view: LONG

Range trading within 1.5595 and 1.5285 enters a third week. Long trade taken overnight, after the price bounced off hourly uptrend line support at 1.5415, which now comes in around 1.5425, with a tight stop. The 1.5545 European high is our target, although 1.5570 looks more pivotal on the topside. Hourly studies are marginally oversold. (ams) 22:50 GMT

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Analysis
The main trend is down. The EURUSD is coming off a daily reversal bottom from 1.5283 on May 8. The pair has to take out 1.5595 and turn the main trend up.



A breakout through 1.5595 is likely to attract buyers and could trigger a rally to 1.5651, then 1.5679. Look for sellers to emerge on the first test of 1.5651 for a technical bounce.


A breakdown through the last main bottom at 1.5283 takes out an up trending Gann angle from the August 17, 2007 at 1.5309 and could trigger an acceleration to the downside with 1.5228 the target.


There are no major cycles due at this time. - J. A. Hyerczyk

The charts

Could you please interpret what your chart is trying to show? Cable is turning upward since last night. Has the long term trend changed? Please let me know what Sham thinks.

They were Sham's charts and he is away outstation on holiday.

Analysis says:

GBP/USD
After the BOE's inflation report - Posted May 14, 2008--1500ET
Resistance
1.9520 Trendline resistance off daily highs
1.9650 Broken trendline, now resistance from drop below 1.9600; 38.2% (1.9652) Fibonacci retracement of most recent decline
1.9775 100-day moving average; 61.8% Fibonacci retracement of most recent decline


Support
1.9400 Daily closing lows (1.9410/20) since the top at 2.1100
1.9338 Intra-day spike low from January 2008
1.9270 Intra-day low/daily close low from January 2007

Another one:

Strategy:[email protected] The nine day sequence of lower lows was broken yesterday, after the price stalled at 1.9405 and rebounded to 1.9500. The price action leaves the daily studies marginally oversold and the hourlies in neutral territory. Our bias remains with the trend and our strategy is to sell a topside failure for a 1.9340 test. (ams) 00:06 GMT

I guess that is what Sham meant by S.F.B. Sell From Bounce.

And another one:
Our preference: Long positions above 1.9415 with targets @ 1.95 & 1.9525 in extension.

Alternative scenario: Below 1.9415 look for further downside with 1.939 & 1.936 as targets.

Comment: intraday technical indicators are mixed to bullish.

Candlestick Daily Chart says:
Wait, look for Reversal, possible BUY signal.

HAI MALAYSIAN !!

actually i have a motorbike mid years sales at TESCO AMPANG.... "KFC CORIDOR"....

if any of u shopping here.. say hello to me... happy to see u all... been here until end of this months...

im still stuck on GJ since last week... anybody have an idea for today analysis ?

happy pips guys..

Analysis
The main trend is down. The Closing Price Reversal Bottom from 1.9360 was confirmed in overnight action. This could lead to a retracement to at least 1.9664.

The market closed on the bear side of a down trending Gann angle at 1.9518. The market remains bearish as long as it stays under this angle. If the market regains 1.9518, then look for a rally to the next down trending angle at 1.9667.

Buyers emerged in front of the cluster of bottoms at 1.9360, 1.9336 and 1.9181. It can’t be emphasized more that these are major support levels. Traders will try to defend is area or the GBPUSD could begin to go into a long-term bearish trend.

Time indicated a possible bottom May 14 – May 16. Wednesday’s reversal may be starting a rally, which could last until the next short-term cycle date on May 20. -- J.A. Hyerczyk [Emphasis Added]

英镑兑美元目前任何一次上扬都是做空机会

一家英国银行交易员周五指出，目前找不出任何理由做多英镑/美元。 A UK Bank believes that there is no reason at all to LONG GBP/USD 　　
因此，该交易认为，英镑/美元目前任何一次上扬都是做空机会，建议将止损设在1.9600上方。预计汇价下周将会测试2008年以来的新低1.9100区域。Should rather take every opportunity to short GBPUSD if there is a bounce. Set your SL at above 1.9600. Predict to reach new low at 1.9100 next week.

　　
截至目前，英镑/美元徘徊于1.9490附近，汇价曾在2008年2月22日创下1.9338的低点，本周三曾一度触及1.9365的低点，该位也是今年2月以来的最低水平。

TYAOR

Downside bias while below 204.20/30, below 203.10/20 sees 202.50 trendline support from recent lows, below that sees steeper losses

---------

the move stalled at 203.15 and the trade is under water. Daily studies are mixed, but the bearish bias is valid while 205.00 holds.

-----------

08:01 EUR/USD: Trichet Back Talking Inflationary Pressures

London, May 16. More comments from Euro Zone officials are hitting the screens but the deluge of rhetoric from the final day of the Brussels Economic Forum is yet to throw up any fresh directional generating quotes. The ECB President is back talking of inflationary pressures with EUR/USD back testing the offers into the 1.55"s. Supply is seen in good size into 1.5510 and again back from 1.5530 to 1.5550 so initially bulls will look to these levels as bull triggers. - ThomsonReuters


08:37 EUR/USD: Attempting To Consolidate Break Into 1.55"s

London, May 16. EUR/JPY hit 161.28 amid the early European move lower but the Yen cross has since bounced with a notable leveraged account seen buying a sizable ticket to help fuel the bounce. With EUR/USD back in the 1.55"s this has also helped the Yen pair but trading is yet to rebound back into the 162"s.

Russian accounts were noted selling into the low 1.55"s but this supply was soon absorbed with a UK Clearer seen buying in good size to elevate the pair towards the 1.5510/15 area, where better sized orders were also previously reported. More offers are seen backing from the 1.5530"s to 1.5550 with option supply again noted into the 50 level.
- ThomsonReuters

周五欧市早盘 欧元兑美元冲破1.55上方卖盘压力

　周五欧市早盘，受欧洲央行行长特里谢言论支持，欧元/美元持稳上升，突破1.5500上方卖盘阻力，触及该位上方时段新高。

　　特里谢此前表示，欧元区失业率显然太高，并且面临第二轮通胀效应的风险，央行将对欧元区的薪资谈判保持密切关注。


　　分析师指出，欧元/美元短期在1.5400低点水平依然存在主权账户买盘需求，多头止损设于1.5380下方。进一步阻力位于
1.5570/90，4月22日以来最大跌幅的 38.2%回撤位及20日均线均在该区域内，升越其上则可拓展反弹空间，更高阻力在1.5660(30日均线所在处)。


　　关注北京时间17:00欧元区3月季调后贸易帐，预计将会指引汇价方向。

Finsbury or anyone...

Can share this indicator...
tq

http://i31.photobucket.com/albums/c3...ntitled-50.jpg