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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #13,721
  • Jun 5, 2008 8:13pm Jun 5, 2008 8:13pm
what about scalping without stop[ loss?
  • #13,722
  • Jun 5, 2008 8:19pm Jun 5, 2008 8:19pm
Sometimes I wonder... all of these BIG PEOPLE got brain or not. Perhaps SELFISHNESS clouded their judgement.

Clearly the world is suffering from the STAGFLATION >>> Not so good economic growth but accompany by worryingly spiking INFLATION.

Do they ever know the cause of the INFLATION is MAINLY because of the OIL PRICE keep on surging UP... not because of the overall Economic Growth.

Root Cause Analysis >>> Handle the OIL problem... will handle the INFLATION problem.

OIL is scarce... start looking for alternative already!!!

Watched technology programme last night. An Engineer successfully invented an Electric Car that is so efficient... even outperformed Lamborgini Sport Car and NasCar.

Until when we keep on depending on the depleting resource of OIL??? A HUGE change is needed... or we are doomed. Just got to break away from the "COMFORT ZONE".... because it's not so comfort anymore.

Saying that... it's not that easy. CRUDE OIL is needed not just for our vehicle. Plastic which is the main material of many products is made from crude oil as well. Not to talk about other things that depending on CRUDE OIL.

TNB (Malaysia Electricity Company).... keep on complaining about the rising cost of COAL price (many Power plants still using Coal) that makes the cost of electricity INFLATE as well. Why not invest on the NUCLEAR technology. Still with the OLD IGNORANCE THINKING??? Still so scared and sceptical all the time???

The RUN OUT of the world main energy resource which is the CRUDE OIL is INEVITABLE. How far have we are preparing ourselves for the INEVITABILITY?

The Nature will takes its course. Big Change gonna happen sooner or later... and it will hurt in the beginning. Too bad if we live in the CHANGING Period of time. Lots of SACRIFICIAL is needed. No PAIN... No GAIN


  • #13,723
  • Jun 5, 2008 8:23pm Jun 5, 2008 8:23pm
Further note that if you are trading fundamentals based on technicals, its almost unneccesary to use stops.

reason being... a drop of a small percentile < 100pips does not mean much change in fudamentals. Usually it should be seen as discount.

@scyang: stops should be set if you are not actively managing ur position and far enough...this means if anything absolutely disasterous happens then you should be stopped out, else, theres nothing much you should worry abt.

@Warren Forex: It can get tricky setting stops at resistance levels... may it be round numbers or previous bounce areas....coz these are the areas where the dealers hunt. there are times when you see it broken then retrace the go back to underlying trend or range.

In trading there is no such thing as a perfectly timed entry but efficient management can make your trade a winner even when you are trading against the grain, of course it would be better if you are on the right side of the impulse.
  • #13,724
  • Jun 5, 2008 8:25pm Jun 5, 2008 8:25pm
Quoting Malaysia
Sometimes I wonder... all of these BIG PEOPLE got brain or not. Perhaps SELFISHNESS clouded their judgement.

Clearly the world is suffering from the STAGFLATION >>> Not so good economic growth but accompany by worryingly spiking INFLATION.

Do they ever know the cause of the INFLATION is MAINLY because of the OIL PRICE keep on surging UP... not because of the overall Economic Growth.

Root Cause Analysis >>> Handle the OIL problem... will handle the INFLATION problem.

OIL is scarce... start looking for alternative already!!!

Watched technology programme last night. An Engineer successfully invented an Electric Car that is so efficient... even outperformed Lamborgini Sport Car and NasCar.

Until when we keep on depending on the depleting resource of OIL??? A HUGE change is needed... or we are doomed. Just got to break away from the "COMFORT ZONE".... because it's not so comfort anymore.

Saying that... it's not that easy. CRUDE OIL is needed not just for our vehicle. Plastic which is the main material of many products is made from crude oil as well. Not to talk about other things that depending on CRUDE OIL.

TNB (Malaysia Electricity Company).... keep on complaining about the rising cost of COAL price (many Power plants still using Coal) that makes the cost of electricity INFLATE as well. Why not invest on the NUCLEAR technology. Still with the OLD IGNORANCE THINKING??? Still so scared and sceptical all the time???

The RUN OUT of the world main energy resource which is the CRUDE OIL is INEVITABLE. How far have we are preparing ourselves for the INEVITABILITY?

The Nature will takes its course. Big Change gonna happen sooner or later... and it will hurt in the beginning. Too bad if we live in the CHANGING Period of time. Lots of SACRIFICIAL is needed. No PAIN... No GAIN

I agree with you that the root cause of the inflation is oil prices. That's why I said it's dumb of Trichet to want to fight inflation by raising interest rate, which in turn drives up the oil prices.

However, to bring down the oil prices is just not such a simple matter, fundamentals aside. The successful invention of electric powered cars was years ago. Why is it that we are still not driving them? There are too many wealthy interest groups and lobbyists around. A simple example is US income tax system. Everybody knows how complex it is. An average person takes 96 hours per year preparing for his tax return. Why is it that they just can't scrap the whole thing and adopt a simple tax return like some other countries, that takes 2 minutes to complete? Lobbyists and so many of them with so much money. There are very powerful accounting firms in the countries loaded with cash. Their arms have direct access into the government to protect their interests so, in my opinion, a simple tax return system will never happen in the US.

I am afraid the issue of oil prices might be similar.
Expected the unexpected
  • #13,725
  • Jun 5, 2008 8:26pm Jun 5, 2008 8:26pm
Quoting jdhj1
what about scalping without stop loss?
hi jdhj1,

scalping means ur actively managing ur trade...why should you have stop loss? you should be going in and out quickly.

regards
jest
  • #13,726
  • Jun 5, 2008 8:28pm Jun 5, 2008 8:28pm
Quoting jdhj1
what about scalping without stop[ loss?
That is BAD R&R ratio... Infinity Risk with small Reward . Why not just SWING with no SL? Anyway... everything got PRO and CON.

With SL... when you lose... you lose... but with controllable small amount. Improvising the strategy with MINIMIZE LOSS and MAXIMIZE PROFIT action... when you lose... you lose a bit... when you win... you win BIG. Even with 50% accuracy... still PROFITING in the end.

The drawback is when MARKET doing so many SPIKE and WHIPSAW... making losing streak keep on going on.

This is just my point of view.
  • #13,727
  • Jun 5, 2008 8:44pm Jun 5, 2008 8:44pm
Quoting scyang
I agree with you that the root cause of the inflation is oil prices. That's why I said it's dumb of Trichet to want to fight inflation by raising interest rate, which in turn drives up the oil prices.

However, to bring down the oil prices is just not such a simple matter, fundamentals aside. The successful invention of electric powered cars was years ago. Why is it that we are still not driving them? There are too many wealthy interest groups and lobbyists around. A simple example is US income tax system. Everybody knows how complex it is. An average person takes 96 hours per year preparing for his tax return. Why is it that they just can't scrap the whole thing and adopt a simple tax return like some other countries, that takes 2 minutes to complete? Lobbyists and so many of them with so much money. There are very powerful accounting firms in the countries loaded with cash. Their arms have direct access into the government to protect their interests so, in my opinion, a simple tax return system will never happen in the US.

I am afraid the issue of oil prices might be similar.
I wonder why GOVERNMENTS still not promoting ELECTRIC VEHICLE. They can easily SUBSIDIZE the project. Eliminating taxes on any New Technology products that don't rely on CRUDE OIL.

Just imagine... How much CRUDE OIL demand will be reduced by eliminating petrol and diesel Car alone? How much AIR POLLUTION will be reduced?

As long as the world being control by GREEDY and SELFISH monsters... nothing much can be done about it.
  • #13,728
  • Jun 5, 2008 8:52pm Jun 5, 2008 8:52pm
Quoting puteraku73
If you're the gov. i will vote for you.. thats for sure!!
Unfortunately you're not the gov. right now So i think these oil things is not good for malaysian citizens
If I am the Government... I'll get ASSASSINATED quickly. Those Greedy Monsters from OIL Industry and Automobile Industry will not sleep peacefully.
  • #13,729
  • Jun 5, 2008 8:55pm Jun 5, 2008 8:55pm
Then you should employ more bodyguard

Quoting Malaysia
If I am the Government... I'll get ASSASSINATED quickly. Those Greedy Monsters from OIL Industry and Automobile Industry will not sleep peacefully.
There is no bad decisions, its only didn't work out.
  • #13,730
  • Jun 5, 2008 9:06pm Jun 5, 2008 9:06pm
Quoting puteraku73
Then you should employ more bodyguard
They said:

"IF YOU CAN'T BEAT THEM.... JOIN THEM".

Perhaps I should stop thinking being the GOVERNMENT and start digging the earth in the search for Crude Oil. That should make me the next GREEDY MONSTER.

Kuang... kuang..... kuangggggg

Good and Evil... co-existing side by side. Always... and forever....

p/s: Just for the fun of it. I would never join the DARK SIDE. Anakin Skywalker tought me the lesson
  • #13,731
  • Jun 5, 2008 9:09pm Jun 5, 2008 9:09pm
If you have oil company, can i work with you? can i trade forex during office hour?


Quoting Malaysia
They said:

"IF YOU CAN'T BEAT THEM.... JOIN THEM".

Perhaps I should stop thinking being the GOVERNMENT and start digging the earth in the search for Crude Oil. That should make me the next GREEDY MONSTER.

Kuang... kuang..... kuangggggg

Good and Evil... co-existing side by side. Always... and forever....

p/s: Just for the fun of it.
There is no bad decisions, its only didn't work out.
  • #13,732
  • Jun 5, 2008 9:23pm Jun 5, 2008 9:23pm
Quoting puteraku73
If you have oil company, can i work with you? can i trade forex during office hour?
If I ever have the oil company... by that time... I think OIL gonna be the most precious thing on the earth... more expensive than diamond and gold. Where... money is just a toilet paper. You won't need to trade FOREX anymore

Anyone watched this movie? MAD MAX.

p/s: You'll have that CAR as a Company Car if you are working with me and don't forget... the uniform gonna be all in leather.

Quote
Australian apocalyptic action thriller film from 1979 directed by George Miller and written by Miller and Byron Kennedy. The film, starring the then little-known Mel Gibson, was released internationally in 1980. This low-budget film's story of social breakdown, murder, and vengeance became the top-grossing Australian film, and has been credited for opening up the global market to Australian films. The movie was also notable for being the first Australian film to be shot with a widescreen anamorphic lens.
Mad Max was followed by two sequels, Mad Max 2: The Road Warrior and Mad Max: Beyond Thunderdome. As of April, 2008, a third sequel, Mad Max 4: Fury Road, remains "in pre-production."

http://www.forexfactory.com/attachme...1&d=1211548927
http://www.madmaxmovies.com/archives..._001_Cover.jpg
  • #13,733
  • Jun 5, 2008 9:35pm Jun 5, 2008 9:35pm
Uh... It's FRIDAY today. Gtg preparing myself for the pray. See ya!
  • #13,734
  • Jun 5, 2008 10:02pm Jun 5, 2008 10:02pm
Hi Sham,

What's your thought on fiber? I know you entered short. It's been hanging around all morning. Do you see it moving anywhere? London open will be in a couple of hours. How will it affect it?
Expected the unexpected
  • #13,735
  • Jun 5, 2008 10:06pm Jun 5, 2008 10:06pm
Quoting Malaysia
Uh... It's FRIDAY today. Gtg preparing myself for the pray. See ya!
so do me...after finish can you give your analysis on cable?
  • #13,736
  • Jun 5, 2008 10:38pm Jun 5, 2008 10:38pm
Quoting scyang
Hi Sham,

What's your thought on fiber? I know you entered short. It's been hanging around all morning. Do you see it moving anywhere? London open will be in a couple of hours. How will it affect it?
Based on my system I think cable has a good chance to hit 1.9628.
  • #13,737
  • Jun 5, 2008 10:41pm Jun 5, 2008 10:41pm
Quoting Malaysia

p/s: You'll have that CAR as a Company Car if you are working with me and don't forget... the uniform gonna be all in leather.
Sham, that car looks so much like proton iswara on the front part... lol!!!
  • #13,738
  • Jun 5, 2008 11:13pm Jun 5, 2008 11:13pm
Fiber - if this candle closes red, going short
Cable - if this candle closes red, going short (below w_s2)

what do you guys think...
  • #13,739
  • Jun 5, 2008 11:19pm Jun 5, 2008 11:19pm
Quoting winston
Fiber - if this candle closes red, going short
Cable - if this candle closes red, going short (below w_s2)

what do you guys think...

added short on geppy at 207.93
target : 206.50 at 1st
  • #13,740
  • Jun 5, 2008 11:22pm Jun 5, 2008 11:22pm
Quoting Ultraman
added short on geppy at 207.93
target : 206.50 at 1st
geppy i would wait for this current candle to give me hint.although it's just below D_r1... imho
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