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Help needed in OANDA + users from Malaysia 105 replies

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  • #14,681
  • Jun 24, 2008 4:33am Jun 24, 2008 4:33am
Quoting johnbaem
ive found this data also but seeing on FF calendar the data shown that its increasing in value and lead for the dynamic in pound movement.. Lets see whats going on US data later on..
The way I see it.. it's DECREASING in value from 38.7K to 28.0K.

Meaning lesser Mortgage being approved by the banks to consumers. Not good for spending wise to boost up economy.

That's the way I understand it. I could be wrong. Anyone else got views about this data?
  • #14,682
  • Jun 24, 2008 4:34am Jun 24, 2008 4:34am
Quoting Malaysia
The way I see it.. it's DECREASING in value from 38.7K to 28.0K.

Meaning lesser Mortgage being approved by the banks to consumers. Not good for spending wise to boost up economy.

That's the way I understand it. I could be wrong. Anyone else got views about this data?


Maybe i misjudge this data...
  • #14,683
  • Jun 24, 2008 4:34am Jun 24, 2008 4:34am
Quoting Chang
Closed second trade for -7 pips. Reversed my trade instead.
Not happy with current situation. Seems directionless. Just back and forth.

Decided to close that trade with a manual loss of -15 pips.

Going to wait at sideline.
  • #14,684
  • Jun 24, 2008 4:37am Jun 24, 2008 4:37am
Quoting Malaysia
Hahaha... me and my cluttered chart again Just ignore those indis... as there are for my study purpose only. Concentrate on the thick RED line on the STOCH window and also the one on the Candle Sticks bottom.

As I am eager to learn ... a question here for someone that are good at DIVERGENCE signal.

Is that a BEARISH DIVERGENCE forming on the stoch? Can stoch movement be considered into divergence signal?

Just curious.
ok you got the point its a regular bearish divergence.Divergence is signal of trend weakning.You got the point lol so lock profit.
  • #14,685
  • Jun 24, 2008 4:39am Jun 24, 2008 4:39am
Quoting Malaysia
The way I see it.. it's DECREASING in value from 38.7K to 28.0K.

Meaning lesser Mortgage being approved by the banks to consumers. Not good for spending wise to boost up economy.

That's the way I understand it. I could be wrong. Anyone else got views about this data?

yes,agreed with u sham..it should be read that way,.. by decreasing number of mortgage , cash flow will stuck and it will have chain reaction to the market where buying power is limited. business transaction will be lesser and lesser, and this is not good to economy.
"A smooth sea never made a skilled mariner"
  • #14,686
  • Jun 24, 2008 4:41am Jun 24, 2008 4:41am
Quoting arinforex
EJ H1 very nice pinbar.. short??
Thank you for pointing that one out I am addicted to Trading with the SHOOTING STAR CS / pinbar as Signal

Took that SHORT... good R&R. Tight SL a few pips above the SS CS high. TP around RBS area.

T.A.Y.O.R.
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  • #14,687
  • Jun 24, 2008 4:48am Jun 24, 2008 4:48am
Quoting B@by trader
ok you got the point its a regular bearish divergence.Divergence is signal of trend weakning.You got the point lol so lock profit.
Quoting AWIE
yes,agreed with u sham..it should be read that way,.. by decreasing number of mortgage , cash flow will stuck and it will have chain reaction to the market where buying power is limited. business transaction will be lesser and lesser, and this is not good to economy.
Thank you for sharing your point of view

Combining TECHNICAL and FUNDAMENTAL analysis... please fall... pleaseeee

I've got so many systems... and is part of it. After I've done my analysis... have the gut to place the trade... the rest I just PRAY
  • #14,688
  • Jun 24, 2008 4:58am Jun 24, 2008 4:58am
Happy enough with that fall... changing SL to 1 pip on the green. Now my turn to Auto Cruise

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  • #14,689
  • Jun 24, 2008 5:06am Jun 24, 2008 5:06am
Quoting Malaysia
Happy enough with that fall... changing SL to 1 pip on the green. Now my turn to Auto Cruise
looks like DIV play it part.
  • #14,690
  • Jun 24, 2008 5:10am Jun 24, 2008 5:10am
Quoting B@by trader
looks like DIV play it part.
I never know DIVERGENCE signal can be derived from STOCH before. Looks like I am learning a new thing today. Thank you
  • #14,691
  • Jun 24, 2008 5:13am Jun 24, 2008 5:13am


Huh!!! So exited with the market today until I didn't noticed that I am already way past 5,000 posts as right now!!!
  • #14,692
  • Jun 24, 2008 7:13am Jun 24, 2008 7:13am
Given up hope for today. Closed the last trade for BE.

Will go do something else instead.
  • #14,693
  • Jun 24, 2008 9:09am Jun 24, 2008 9:09am
A very bad data coming poundering from US.. this can be a very good long position.. my triggered post is around 30pips..

bdw, the level the price picking up is actually around 50.0 area fibo.. the suppose direction where we can see reversal or continuation..

cheers mate!
  • #14,694
  • Jun 24, 2008 9:31am Jun 24, 2008 9:31am
Quoting AWIE
yes,agreed with u sham..it should be read that way,.. by decreasing number of mortgage , cash flow will stuck and it will have chain reaction to the market where buying power is limited. business transaction will be lesser and lesser, and this is not good to economy.
thank you for observed and change my mistakes.. really appreciate it but you might forget about priced in factor as well as the current turmoil for dollar n how it slumps the mortgage power in their nation.. both nation seems stuck and heading to uncertainty..

heard on bloomberg how UPS stock tumble and the beginning of the opening day in New York, stock goes as low as -80 points.
  • #14,695
  • Jun 24, 2008 10:14am Jun 24, 2008 10:14am
Quoting johnbaem
thank you for observed and change my mistakes.. really appreciate it but you might forget about priced in factor as well as the current turmoil for dollar n how it slumps the mortgage power in their nation.. both nation seems stuck and heading to uncertainty..

heard on bloomberg how UPS stock tumble and the beginning of the opening day in New York, stock goes as low as -80 points.
Oh well... ended up with WHIPSAW market for today. When you so sure it'll drop... the market go UP... and vice versa. Talking about PRICED IN... both UK and US news can be priced in already.

My Auto Cruise on CABLE hit SL at BE... entering another ENTRY. Hopefully I can Auto cruise on this Entry before I go to sleep. As right now... CABLE couldn't pass through the Downtrend Resistance line. Good R&R ratio.

Dow Jones tumbled that much in the beginning... now already regain that much. Whipsaw everywhere huh. Anyway... UP you go DJ... good for my SHORT on OIL. I forecast $130 per barrel within this week.

I just hate WHIPSAW day!!! If only we knew... SCALPING was the best practice for WHIPSAW environment today.

T.A.Y.O.R.
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  • #14,696
  • Jun 24, 2008 11:05am Jun 24, 2008 11:05am
The law of SUPPLY and Demand. When things got so CHEAP already... buyers coming in.

Look at that ROCKET on DJ Will it pass through the congestion area and touch the Downtrend Resistance line today? I can imagine another rocket will fly off if it break the line... perhaps tomorrow... or... tomorrow it touch the line and FREE FALL again for a new LOW.

Nothing for sure yet especially the market turmoil still active.
Just look at all JPY pairs... see the correlation?

UJ, GJ and EJ are having H1 CS with long shadow/wick at the bottom. Already closed my SHORT on EJ at BE.

p/s: Waiting for my SHORT on OIL and CABLE to drop further so that I can place SL at BE... and AUTO CRUISE again.
Attached Image (click to enlarge)
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  • #14,697
  • Jun 24, 2008 11:12am Jun 24, 2008 11:12am
I just entered short GU at 1.9697,. feel it will go down... SL 1.9741 TP 1.9630...
  • #14,698
  • Jun 24, 2008 11:19am Jun 24, 2008 11:19am
Hi evryone .... hows the trade today?
Any fiber trader ?
  • #14,699
  • Jun 24, 2008 3:51pm Jun 24, 2008 3:51pm
Quoting John Lo
I just entered short GU at 1.9697,. feel it will go down... SL 1.9741 TP 1.9630...
What's your reasoning for the short position ?
  • #14,700
  • Jun 24, 2008 4:37pm Jun 24, 2008 4:37pm
Quoting Malaysia
I was Shamx77. I created thread Malaysia before but it was banned. Please... behave yourself if you want this thread to last long. To those SPAMMERS or marketing people from any company... this is not the place for promotion. So... get out! The objective of this thread:
1) Help each other
2) Teach each other
3) Share experiences and stories
4) Share trading style & strategy
5) Warn each other about SCAM

p/s: To FF ADMINISTRATOR, please do not move this thread to Members Lounge section. If we move there, those guest / 1st timer will be deprived to join in and will not notice the existence of this thread. Thank you Mr & Mrs Administrator. We love you!

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