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Help needed in OANDA + users from Malaysia 105 replies

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  • #13,661
  • Jun 5, 2008 1:59am Jun 5, 2008 1:59am
Quoting John Lo
HALO KAWAN,
I still have long position for GBPUSD at 1.970.. mati lah.. loss loss.. now what should i do??? open sell GBPUSD now or i can hold the long position ? what is GBPUSD next target ?
tolong tolong...
thank you..

i also have a long position @9646..
also dont know whats to do...
just wait and see...
  • #13,662
  • Jun 5, 2008 2:02am Jun 5, 2008 2:02am
Quoting Malaysia
Should have profiting already from my LONG earlier if only that %$#@ SPIKE down didn't take place. SL hunt huh!!! ... Anyway... I am not gonna trade CABLE anymore for today unless I see a CLEAR opportunity.
That's why I said I am staying out of this BEAST for the time being. As soon as LONDON OPEN.... Kebbaaa Booommmmm!!! WHIPSAW!!!
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  • #13,663
  • Jun 5, 2008 2:05am Jun 5, 2008 2:05am
Quoting tma_21
i also have a long position @9646..
also dont know whats to do...
just wait and see...
Been there many times myself, floating big time. I would say to wait for a high point and dump the thing and go short since it's in a general downdward channel. Hope for some green GBP news and take your exit. Good luck.
Expected the unexpected
  • #13,664
  • Jun 5, 2008 2:08am Jun 5, 2008 2:08am
3:00am GBP http://www.forexfactory.com/images/m...mpact_high.gif Halifax House Price Index m/m
http://www.forexfactory.com/images/m...etail_star.gif -2.4%
-1.1% -1.3%

bad news came out
  • #13,665
  • Jun 5, 2008 2:11am Jun 5, 2008 2:11am
Quoting tma_21
i also have a long position @9646..
also dont know whats to do...
just wait and see...
same here long @9638 and @9566
i'm gonna hold it coz i have enough even it sank to 9300
anyway the swap rate is +1.25
i'll close it green not red
  • #13,666
  • Jun 5, 2008 2:11am Jun 5, 2008 2:11am
3:00pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Halifax House Price Index m/m -2.4% -1.1% -1.3%

Just as what I speculated. From PA... just a small spike down. Price seems PRICED IN already and too OVERSOLD.

Fishy isn't it. Seems those BIG Players already know what gonna happen and already took action in advance.

Quoting Malaysia
The future of LONG on CABLE still not looking good since this news still don't come out yet.

Now my Fundamental and Technical are going the opposite ways because I am speculating RED data for UK Housing News.

Tricky... If only CABLE retrace up before the NEWS and hit my TP... then I will be in GOOD position because I'll SELL FROM BOUNCE later.

However, If the DATA came out SURPRISINGLY green.... I can already imagine how the BULL ROCKET gonna looks like.

Tentative GBP http://www.forexfactory.com/images/m...mpact_high.gif Halifax House Price Index m/m
Quoting Malaysia
If you remember... This News has been postponed many times... I wonder why. Seems like someone is hiding something. They took all necessary measures and then only release it.
  • #13,667
  • Jun 5, 2008 2:12am Jun 5, 2008 2:12am
Quoting tma_21
i also have a long position @9646..
also dont know whats to do...
just wait and see...
hey brothers...

I learnt from my many many previous experience.
Chop it lah.

Old Chinese saying "Keep the mountain, you won't worry you don't have woods to chop"! Save you from alot of unnecessary STRESS too!

Stress ------> Unpleasantness -------> Low confidence to trade -------> Give up trading

Trading should be fun!!!
  • #13,668
  • Jun 5, 2008 2:14am Jun 5, 2008 2:14am
Quoting Malaysia
3:00pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Halifax House Price Index m/m -2.4% -1.1% -1.3%

Just as what I speculated. From PA... just a small spike down. Price seems PRICED IN already and too OVERSOLD.

Fishy isn't it. Seems those BIG Players already know what gonna happen and already took action in advance.
There ain't anything we can do bout it. Just skip these TENTATIVE news lor...
  • #13,669
  • Jun 5, 2008 2:16am Jun 5, 2008 2:16am
Quoting scyang
Been there many times myself, floating big time. I would say to wait for a high point and dump the thing and go short since it's in a general downdward channel. Hope for some green GBP news and take your exit. Good luck.

thanks..
  • #13,670
  • Jun 5, 2008 2:18am Jun 5, 2008 2:18am
Quoting T 1 Ti
same here long @9638 and @9566
i'm gonna hold it coz i have enough even it sank to 9300
anyway the swap rate is +1.25
i'll close it green not red

me too...
try to holld at least until 10pm mlysia time...
good luck bro..
  • #13,671
  • Jun 5, 2008 2:19am Jun 5, 2008 2:19am
Quoting baronfei
hey brothers...

I learnt from my many many previous experience.
Chop it lah.

Old Chinese saying "Keep the mountain, you won't worry you don't have woods to chop"! Save you from alot of unnecessary STRESS too!

Stress ------> Unpleasantness -------> Low confidence to trade -------> Give up trading

Trading should be fun!!!

agree with u...
u'r right bro...
thanks..
  • #13,672
  • Jun 5, 2008 2:20am Jun 5, 2008 2:20am
Quoting Malaysia
3:00pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Halifax House Price Index m/m -2.4% -1.1% -1.3%

Just as what I speculated. From PA... just a small spike down. Price seems PRICED IN already and too OVERSOLD.

Fishy isn't it. Seems those BIG Players already know what gonna happen and already took action in advance.

i hope that ill be the one among them all..
  • #13,673
  • Jun 5, 2008 3:27am Jun 5, 2008 3:27am
Quoting johnbaem
i hope that ill be the one among them all..
rilek ar bro.....
there's even big news today on 7pm malaysia time
hehe
i m sideway right now
maybe tomorrow also.

my robot is also rest to the cave right now
lepak lepak kedai mak mentua pun best........

tomorrow i m driving back to KL
another 35 liter x rm 2.80 waaaaaa aduh........
  • #13,674
  • Jun 5, 2008 3:34am Jun 5, 2008 3:34am
Is this a good time to LONG GBP/JPY ?
  • #13,675
  • Jun 5, 2008 3:39am Jun 5, 2008 3:39am
hi guys...i m a new trader s writer for this forum..hope you all will support me...share everything about forex...
  • #13,676
  • Jun 5, 2008 3:55am Jun 5, 2008 3:55am
Quoting Izham
Is this a good time to LONG GBP/JPY ?
thinking da same..but maybe false alarm..better wait for news tonite..
maybe the more experienced can comment..
be happy with what u have while u pursue what u want..
  • #13,677
  • Jun 5, 2008 3:58am Jun 5, 2008 3:58am
Quoting Izham
Is this a good time to LONG GBP/JPY ?
rite now can buy GBPJPY
it's make some retracement b4 going north
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  • #13,678
  • Jun 5, 2008 4:02am Jun 5, 2008 4:02am
Quoting imzakin_one
hi guys...i m a new trader s writer for this forum..hope you all will support me...share everything about forex...

insyaALLAH...
we all here will (and were) share(d) knowledge each other....
hope for green pips 4 everyone...
  • #13,679
  • Edited 4:35am Jun 5, 2008 4:11am | Edited 4:35am
http://www.resourceinvestor.com/pebble.asp?relid=43261

Snippet:

Now, why have interest rates come down? Because of the credit crisis. But the second aspect of that is the U.S. economy. What I have here is the picture of job creation. Now, the last numbers we saw were not that bad, –20,000; the market had expected worse. But when you do a 3-month average, you see that we are now at a point that is starting to mimic past recessions, not past mid-cycle slowdowns. By the way, mid-cycle slowdowns are quite normal; they occur between two recessions because within the cycle interest rates rise and slow an economy, much like what has happened.


Folks as a fundamental trader the KEY to what happens next is Interest Rates and Jobs. If New Jobless Claims start going over 400,000 and NFP and the Unemployment Rate goes up then PERCEPTION will change 100% again. This along with the unusally bad credit crisis that has only started again to get worse, I strongly suggest you try to understand what is really going on out there. The next two days could be very interesting. Always be ready for a change in Perception because that is the nature of the Forex Market. In the end or beginning PERCEPTION is always changed by FUNDAMENTAL REAL FACTS. Not What the FED is trying to SELL !!! Misinformation. The Charts while helpful can mislead you at times as things keep changing as PERCEPTION returns to REALITY which MOST FX traders are not very well informed on and then the FED gets into it and REALITY becomes confused again.

Knowing what is really going on always gives you an EDGE and with all the other things needed to succeeed in Forex Trading Makes you a Financial WINNER !!!

Good Trading To ALL !!!


Bruce
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  • #13,680
  • Jun 5, 2008 4:11am Jun 5, 2008 4:11am
Quoting imzakin_one
hi guys...i m a new trader s writer for this forum..hope you all will support me...share everything about forex...

welcome to da board bro...
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