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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #13,921
  • Jun 11, 2008 3:26am Jun 11, 2008 3:26am
UK News coming out in less than 5 mins time. Why so quiet in here? Just me talking alone
  • #13,922
  • Jun 11, 2008 3:29am Jun 11, 2008 3:29am
Quoting Malaysia
UK News coming out in less than 5 mins time. Why so quiet in here? Just me talking alone
Sorry, are we supposed to be in for long or short? Missed your earlier posting.
Expected the unexpected
  • #13,923
  • Jun 11, 2008 3:30am Jun 11, 2008 3:30am
Quoting Malaysia
UK News coming out in less than 5 mins time. Why so quiet in here? Just me talking alone
Chill out bro!!!Busy with my work just now....
  • #13,924
  • Jun 11, 2008 3:35am Jun 11, 2008 3:35am
RED Alert!!! RED Alert!!! All RED data just came out from the UK

Too bad... should had SELL FROM BOUNCE earlier.

4:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Claimant Count Change 9.0K 8.0K 11.2K
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Average Earnings Index +Bonus q/y 3.8% 4.1% 4.0%
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Trade Balance -7.6B -7.3B -7.1B
4:30pm GBP http://www.forexfactory.com/images/m...impact_low.gif Unemployment Rate 5.3% 5.2% 5.2%
  • #13,925
  • Jun 11, 2008 3:38am Jun 11, 2008 3:38am
Quoting Malaysia
CABLE Breakout upperside of the FLAG as well... but I am still chicken to go long. Got that 1.9600 SBR area still.

Perhaps I might SFB from that SBR area

T.A.Y.O.R.

Too late for the SFB... I shorted after the RED NEWS.

T.A.Y.O.R.
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  • #13,926
  • Jun 11, 2008 3:42am Jun 11, 2008 3:42am
Quoting Malaysia
SFB triggered for FIBER ... that Daily Pivot seems holding strong as Resistance. SL a few pips above the Pivot... very tight SL.

If hit SL and the CS closed and remains above the PIVOT... I might go LONG later... depending on PA.

T.A.Y.O.R.

p/s: SFB >>> SELL FROM BOUNCE.
Sell From Bounce at the Daily Pivot looking good so far. Placing SL at BE for all my SHORTs on CABLE and FIBER.

T.A.Y.O.R.
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  • #13,927
  • Jun 11, 2008 3:44am Jun 11, 2008 3:44am
Hayya'alal Solah... Hayya'alal Falah!!!
  • #13,928
  • Jun 11, 2008 4:09am Jun 11, 2008 4:09am
Closed all SHORTs on FIBER... placing more SHORTs on CABLE on this Bouncing UP... more SFB. Perhaps... massive profit taking is taken place on CABLE from SHORT earlier on that cause the BOUNCE UP. A real direction will be established soon and DOWNTREND still strongly valid so far.

T.A.Y.O.R.
  • #13,929
  • Jun 11, 2008 4:22am Jun 11, 2008 4:22am
Quoting Malaysia
Closed all SHORTs on FIBER... placing more SHORTs on CABLE on this Bouncing UP... more SFB. Perhaps... massive profit taking is taken place on CABLE from SHORT earlier on that cause the BOUNCE UP. A real direction will be established soon and DOWNTREND still strongly valid so far.

T.A.Y.O.R.

my fiber long still on but cable stopped out...
  • #13,930
  • Jun 11, 2008 4:26am Jun 11, 2008 4:26am
Is it good time to LONG E/U @ 1.55 ?
  • #13,931
  • Jun 11, 2008 4:37am Jun 11, 2008 4:37am
Look at that... CABLE Bear got killed at the crossing line of Purple and White lines. Seems that lots of Profit Taking there and PO BUY got triggered there.

My multiple SHORTs not looking good Ready to take loses IF CABLE Bull manage to penetrate the strong SBR Blue area around 1.9600.

Funny isn't it... yesterday with all the GREEN News from UK, CABLE just keep on FALLING Down. Today, despite all of the RED NEWS... CABLE start to shoot up

Uh... nothing certain yet. The SBR area still intact. CABLE could test the White TRIANGLE support again... If break it... a long long way down.

However, seems the previous test of the Support line of the H4 triangle failed... this could be the turning point for CABLE to start to shoot up and test back the Triangle RESISTANCE.

As long as CABLE below 1.9600... I am still bias with the BEAR on CABLE.

T.A.Y.O.R.
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  • #13,932
  • Jun 11, 2008 4:40am Jun 11, 2008 4:40am
already +29 pips, i think it will be down more so i don't take that profit, but now i got stopped out by -33 pips..... huhuhuhuhuhuhuhuhu
  • #13,933
  • Jun 11, 2008 4:42am Jun 11, 2008 4:42am
Quoting GreenPipz
already +29 pips, i think it will be down more so i don't take that profit, but now i got stopped out by -33 pips..... huhuhuhuhuhuhuhuhu
Should have learned from Sham. Move up sl to BE and then hope it will continue to move in your direction. That way you are guarantee of no loss, no risk.
Expected the unexpected
  • #13,934
  • Jun 11, 2008 4:50am Jun 11, 2008 4:50am
Quoting scyang
Should have learned from Sham. Move up sl to BE and then hope it will continue to move in your direction. That way you are guarantee of no loss, no risk.
The bounce back was to fast... even I didn't managed to place SL at BE on CABLE shorts. Just look at the WIPSAW Broke upperside of the FLAG but fell down... Broke downside of the FLAG then shoot up.

WHIPSAW just killed breakout strategy.
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  • #13,935
  • Jun 11, 2008 4:51am Jun 11, 2008 4:51am
Quoting winston
my fiber long still on but cable stopped out...
Fiber will try to test daily pivot again...
Cable - i'll wait for 4H candle... looks like bull muscle
  • #13,936
  • Jun 11, 2008 6:59am Jun 11, 2008 6:59am
There you go... a flying BULL. Poke up through the RESISTANCE area. I am out of trade for today. Not really confidence.
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  • #13,937
  • Jun 11, 2008 8:15am Jun 11, 2008 8:15am
At this moment, overall we left with only 2 possible trend which is either a bearish reversal (yellow/white) or bullish continuation (magenta). Please watch closely the teal triangle for any breakout. A breakout to the upper teal triangle trendline and later to the bullish continuation line 3 would bolster the bullish continuation scenario. Otherwise if both lines stand as a strong resistance, then preferably to the alt count in yellow or white. Advisable to look for a bearish reversal signal from BSTS later. Good luck.
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  • #13,938
  • Jun 11, 2008 1:33pm Jun 11, 2008 1:33pm
50% Retracement seems holding well... took my SHORT... will be placing SL at BE and continue my sleep. See you guys tomorrow.

T.A.Y.O.R.
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  • #13,939
  • Jun 11, 2008 1:41pm Jun 11, 2008 1:41pm
Quoting Malaysia
50% Retracement seems holding well... took my SHORT... will be placing SL at BE and continue my sleep. See you guys tomorrow.

T.A.Y.O.R.
Nice entry! I'm waiting on the US Session to end before I enter my next trade. I closed my long from 1.9540 at 1.9650 today.
Just digging in the trenches like everyone else!
  • #13,940
  • Jun 11, 2008 1:52pm Jun 11, 2008 1:52pm
Quoting eohater
Nice entry! I'm waiting on the US Session to end before I enter my next trade. I closed my long from 1.9540 at 1.9650 today.
Uh... I forgot... TRIPLE SWAP day Bad to hold SHORT position where I have to pay Triple INTEREST when US session Close. This might alter the psychology of many traders to do the same (closing all positions that causing to pay Swap and opening position that can gain the triple swap when the US Session is about to close) and in the end affecting the Market movement... especially on GJ.

Perhaps... I shall change my acc to SWAP Free acc. Been waiting for that type of acc and it's widely available now. After all... mainly I am an INTRADAY trader and SWAP/interest is prohibited in my religion.

Congratulation on your more than 100pips profit
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