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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #14,761
  • Jun 25, 2008 5:11am Jun 25, 2008 5:11am
Quoting Malaysia
No wonder CABLE fly up before the news release... all those BIG BOYS must have the advance knowledge about the data already... or leaking news. It's very green indeed. What now? PRICED IN?

6:00pm GBP http://www.forexfactory.com/images/m...act_medium.gif CBI Distributive Trades Realized -9 -17 -14
like that girl in mcdonald advertistment,..... im not going anywhere!!!!

in 2006 where Im using secret news weapon for news trading it was top notch,... today nothing,.. everything leaks out
"A smooth sea never made a skilled mariner"
  • #14,762
  • Jun 25, 2008 5:13am Jun 25, 2008 5:13am
Quoting Malaysia
No wonder CABLE fly up before the news release... all those BIG BOYS must have the advance knowledge about the data already... or leaking news. It's very green indeed. What now? PRICED IN?

6:00pm GBP http://www.forexfactory.com/images/m...act_medium.gif CBI Distributive Trades Realized -9 -17 -14

For sure, priced IN bro..
I don't CARE how many DOLLAR you earn, I just care how LONG you can TRADE
  • #14,763
  • Jun 25, 2008 5:19am Jun 25, 2008 5:19am
Quoting johnbaem
evening people.. i hate myself when observing to much on the charts and forum and misjudge what im supposed to hold..

Here, my position at 1.9680 long on GU i closed prematurely around 20pips where my target should be around 2nd line of resistance around 1.9780..

Im killing my ratio even i get few pips in it...
That's why I said... Don't follow others blindly. Have your own system... Plan your trade... trade your plan... STICK with it no matter what people said... provided you've been doing ok with your own system all this while.

As for me... once I placed my trade... that's it... I don't care what people say until it hit my SL... then I'll review back the situation and make plan to re Enter the market again. With tight SL... I got plenty of room to manoeuvre around. Of course... with WHIPSAW and PING PONG environment... I die.

But when TRENDING come into place... wow weeeee... easily covering all those loses of tight SL.

The Entry is important here. What most important is the EXIT. You can enter anywhere in the market... your exit will determine either you profit a bit or profit a lot. Your exit also will determine either you loss a little or loss big time.
  • #14,764
  • Jun 25, 2008 5:28am Jun 25, 2008 5:28am
Quoting b1ackmambo
u sounds like 1 of the BIG BOYS.
I am just a little boy... that's me swimming in front of the shark
Attached Image
  • #14,765
  • Jun 25, 2008 5:33am Jun 25, 2008 5:33am
Quoting AWIE
like that girl in mcdonald advertistment,..... im not going anywhere!!!!

in 2006 where Im using secret news weapon for news trading it was top notch,... today nothing,.. everything leaks out
Market EVOLVE... we also have to EVOLVE.

Last time favourite strategy was LONG on GJ when Wednesday nearly end... almost 100% accuracy. Because Carry trade was a favourite trade that time and the TRIPLE SWAP between Wednesday and Thursday that make it shoot up.

Last year before September... trading NEWS gave me lots of profit. After that... since we know about the US economic spiralling down last year... trading NEWS making more loss than profit as right now. MARKET TURMOIL.

Now... can't use that strategy any more.
  • #14,766
  • Jun 25, 2008 5:40am Jun 25, 2008 5:40am
My GU short closed manually at 10 pips....Did went long on GU and Geppy....SL already at BE again....
  • #14,767
  • Jun 25, 2008 5:46am Jun 25, 2008 5:46am
Quoting Malaysia
Market EVOLVE... we also have to EVOLVE.

Last time favourite strategy was LONG on GJ when Wednesday nearly end... almost 100% accuracy. Because Carry trade was a favourite trade that time and the TRIPLE SWAP between Wednesday and Thursday that make it shoot up.

Last year before September... trading NEWS gave me lots of profit. After that... since we know about the US economic spiralling down last year... trading NEWS making more loss than profit as right now. MARKET TURMOIL.

Now... can't use that strategy any more.
Yeah you're right,.... last time news trading is most profitable,..especially using SNW,..u have the edge 3-5 sec from everyone... but broker realize there is weakness hole in their system,.. so most broker take active measure to counter this problem. they freeze their platform and some raise their spread super wide during news release,....

like u said,...evolve,.

that is why that japanese style come into place,...
no see,
no hear,
no speak,

just your chart,...
"A smooth sea never made a skilled mariner"
  • #14,768
  • Jun 25, 2008 5:48am Jun 25, 2008 5:48am
Quoting wakli
My GU short closed manually at 10 pips....Did went long on GU and Geppy....SL already at BE again....
Cable also still going UP... let's dance ... let's dance ... let's dance
  • #14,769
  • Jun 25, 2008 5:58am Jun 25, 2008 5:58am
Quoting AWIE
like u said,...evolve,.

that is why that japanese style come into place,...
no see,
no hear,
no speak,

just your chart,...
Hehehee... If I follow that Jap's rule strictly... I'll be INSANE and CRAZY in no time... BURN OUT... mental fatigue. I am a FULL TIME TRADER.. trading alone at my house. This forum is the place for me to socialize and interact with people... so that I am not becoming a boring trader with no life. Sometimes Traders coming to my house to trade LIVE with me. Today I got 2 traders with me... they already gone home because got other business to attend to.

How can one learn anything if NO SEE NO HEAR NO SPEAK. I am still in the learning process... I need to see.. I need to hear... I need to speak... once I am very successful and have a perfect system... then I might rethink about this. The person who create that rule... already successful.. easy for him to say such thing. He learnt from mistakes as well.
  • #14,770
  • Jun 25, 2008 6:00am Jun 25, 2008 6:00am
Quoting Malaysia
Cable also still going UP... let's dance ... let's dance ... let's dance
Come on guys....Any type of dance will do....
  • #14,771
  • Jun 25, 2008 6:35am Jun 25, 2008 6:35am
Hayya'alal Solah... Hayya'alal Falah!!!

p/s: Closed my LONG on CABLE... initiating SHORT.
  • #14,772
  • Jun 25, 2008 6:36am Jun 25, 2008 6:36am
hi everyone..im newbie here

2:15am USD http://www.forexfactory.com/images/m...mpact_high.gif Federal Funds Rate
http://www.forexfactory.com/images/m...etail_star.gif
2.00% 2.00%
usually actual > previous=good for currency..

but forecast same previously= ? is good or not for currency?
  • #14,773
  • Jun 25, 2008 7:47am Jun 25, 2008 7:47am
Quoting berlian156
hi everyone..im newbie here

2:15am USD http://www.forexfactory.com/images/m...mpact_high.gif Federal Funds Rate
http://www.forexfactory.com/images/m...etail_star.gif
2.00% 2.00%
usually actual > previous=good for currency..

but forecast same previously= ? is good or not for currency?

Good question bro!

me too newB waiting for otai2 here to comment. For benefit of doubt can anyone also comment what if the other way around? ...
  • #14,774
  • Jun 25, 2008 7:51am Jun 25, 2008 7:51am
Quoting berlian156
hi everyone..im newbie here

2:15am USD http://www.forexfactory.com/images/m...mpact_high.gif Federal Funds Rate
http://www.forexfactory.com/images/m...etail_star.gif
2.00% 2.00%
usually actual > previous=good for currency..

but forecast same previously= ? is good or not for currency?
Just concentrate of the main event of the day. Forget other things. Forecast equal than before... if actual also come out equal... that's leave to 50-50 ain't it? And market will concentrate on other data to find reason to trade.

2:15am USD http://www.forexfactory.com/images/m...mpact_high.gif FOMC Statement
  • #14,775
  • Jun 25, 2008 8:00am Jun 25, 2008 8:00am
Quoting Malaysia
Just concentrate of the main event of the day. Forget other things. Forecast equal than before... if actual also come out equal... that's leave to 50-50 ain't it? And market will concentrate on other data to find reason to trade.

2:15am USD http://www.forexfactory.com/images/m...mpact_high.gif FOMC Statement
Thanks bro! for the clarification
  • #14,776
  • Jun 25, 2008 8:12am Jun 25, 2008 8:12am
Quoting bayai75
Thanks bro! for the clarification
It's not the figure or numbers that important. It's how the market decipher the data given and having perception about it. That's why sometimes we see good data but the reaction is opposite and vice versa.

Fundamental analysis ... the market movement can be categorized into 2 stages. Immediate effect and Aftermath Effect.

The immediate effect comes from REFLECTIVE and panic. People don't think when they are panic. When the dust settle down... and thinking come into action... then the market will look for OVERALL situation for AFTERMATH Effect... digesting all available data given. Then Market will react again... either agreeing with the immediate effect movement... OR go opposite way.

It's very tricky trading with FUNDAMENTAL Analysis.
  • #14,777
  • Jun 25, 2008 8:23am Jun 25, 2008 8:23am
10:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif New Home Sales

Market so sensitive with NEWS today... now pricing in for this.
  • #14,778
  • Jun 25, 2008 8:24am Jun 25, 2008 8:24am
Quoting Malaysia
It's not the figure or numbers that important. It's how the market decipher the data given and having perception about it. That's why sometimes we see good data but the reaction is opposite and vice versa.

Fundamental analysis ... the market movement can be categorized into 2 stages. Immediate effect and Aftermath Effect.

The immediate effect comes from REFLECTIVE and panic. People don't think when they are panic. When the dust settle down... and thinking come into action... then the market will look for OVERALL situation for AFTERMATH Effect... digesting all available data given. Then Market will react again... either agreeing with the immediate effect movement... OR go opposite way.

It's very tricky trading with FUNDAMENTAL Analysis.
Adding 1 more stage... the prior reaction toward the NEWS... that's where PRICING IN take place.
  • #14,779
  • Jun 25, 2008 8:30am Jun 25, 2008 8:30am
Quoting Malaysia
Adding 1 more stage... the prior reaction toward the NEWS... that's where PRICING IN take place.
When the market so PRICED IN already... during the actual NEWS / Data come out... sometimes it will not move toward the desirable direction. Maybe a bit... then REVERSAL... where profit taking takes place.

This is how I study the market from my experiences... from FUNDAMENTAL analysis point of view.
  • #14,780
  • Jun 25, 2008 8:44am Jun 25, 2008 8:44am
Quoting Malaysia
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.

DJ did touched the Resistance line yesterday

That's what I said yesterday... and today... the JUDGEMENT DAY. Either Shoot UP... or fall back down.
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