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Help needed in OANDA + users from Malaysia 105 replies

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  • #14,801
  • Jun 25, 2008 11:15am Jun 25, 2008 11:15am
Quoting GreenPipz
eur/jpy is very high now.. is it wise to sell e/j now??
Nearly off my chart!!! I am clueless on this

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  • #14,802
  • Jun 25, 2008 11:36am Jun 25, 2008 11:36am
Due to the breakout to my upper teal triangle, preferably alt count in yellow become invalid. Please noted that I make a new recount refering to the alt count in white. Please be extra carefull since market is getting more complex. Favourably, I'm bias towards the alt count in magenta but anything is possible in forex. So good luck.
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  • #14,803
  • Jun 25, 2008 11:57am Jun 25, 2008 11:57am
Quoting Malaysia
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.

thanks for reminding but i did sham.. its only i intact to much with data inside and also people around.. maybe i can say only few words n planning my entry. thats enuff..

i noe that im making profit but im losing my ratio so im quite stress.. i should stick on it like japanese proverb that you mention earlier.. the expectancy of my winning trade will be lesser so thats not a very good record..

will improvise.. together we evolve!
  • #14,804
  • Edited 12:10pm Jun 25, 2008 11:57am | Edited 12:10pm
Quoting GreenPipz
eur/jpy is very high now.. is it wise to sell e/j now??
168.69 is reversal area and if u decide to sell ur SL must be above 169.45

daily resistance 168.89 and weekly resistance is 169.01

we are near from july 2007 high 168.78
  • #14,805
  • Jun 25, 2008 12:17pm Jun 25, 2008 12:17pm
WTF!!! My Internet Connection down for almost an hour!!!

Now OK already
  • #14,806
  • Jun 25, 2008 12:17pm Jun 25, 2008 12:17pm
Me, earlier have 1 position on PO hit my Buy Stop at 1.9740 n combating now.. SL few pips below 1st support..

2nd position hit my PO on Buy Stop around pivot at 1.9685 n still combating.. SL is around 2nd support..

Nite2...
  • #14,807
  • Jun 25, 2008 12:24pm Jun 25, 2008 12:24pm
Quoting Malaysia
WTF!!! My Internet Connection down for almost an hour!!!

Now OK already

I think u shud place ur cabling in somewhere else la bro..
  • #14,808
  • Jun 25, 2008 12:50pm Jun 25, 2008 12:50pm
All the market seems RETRACING now... profit taking heavily must take place. Most Traders took out floating positions right before the FOMC Statement announcement.... in about less than half an hour time from now. To avoid all the VOLATILITY.... and frightening SPREAD WIDENING by brokers.

Either OUT now... OR place BIG SL

  • #14,809
  • Jun 25, 2008 1:12pm Jun 25, 2008 1:12pm
http://www.forexfactory.com/images/m...mpact_high.gif Federal Funds Rate 2.00% 2.00% 2.00%
  • #14,810
  • Jun 25, 2008 1:14pm Jun 25, 2008 1:14pm
what happen to the cable and fiber?
  • #14,811
  • Jun 25, 2008 1:21pm Jun 25, 2008 1:21pm
i think cable will drop

Quoting tma_21
what happen to the cable and fiber?
  • #14,812
  • Jun 25, 2008 1:29pm Jun 25, 2008 1:29pm
Quoting John Lo
i think cable will drop
i hope so...
very disappointed with fiber movement...
  • #14,813
  • Jun 25, 2008 1:42pm Jun 25, 2008 1:42pm
2:09am USD http://www.forexfactory.com/images/m...mpact_high.gif FOMC Statement

2:09am USD http://www.forexfactory.com/images/m...mpact_high.gif Federal Funds Rate 2.00% 2.00% 2.00%

Wow weeee.... Mother of VOLATILITY!!! I was stunned for a while with all the UP and DOWN movement. And very frustrated with the STREAMYX tonight... very unstable.. keep ON and OFF. Very rare it happen in the middle of the night. I wonder why it's happening tonight.

Many SL got HIT.

Quote
Text of today's FOMC policy statement
WASHINGTON (Thomson Financial) - The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.

http://www.forexfactory.com/news.php?do=news&id=93269
  • #14,814
  • Jun 25, 2008 1:49pm Jun 25, 2008 1:49pm
Too late to catch the Rocket UP... let see what gonna happen when the dust settle down.
  • #14,815
  • Jun 25, 2008 2:31pm Jun 25, 2008 2:31pm
I am gonna watch what gonna happen to the market when SWAP is calculated into the floating positions. It's TRIPLE SWAP when US session close.

CABLE approaching CRITICAL resistance line. If today CS close above it... wow weee... can expect lots of BULL market from CABLE from now on. If CLOSE below it with long SHADOW/WICK of the daily CS showing retaliation to go up higher... DOWN we go again after that.

It's a waiting game now.

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  • #14,816
  • Jun 25, 2008 4:16pm Jun 25, 2008 4:16pm
The SWAP just been calculated in... 5 a.m Malaysia time. Looks like it start to fall after touching the RESISTANCE line again. Took my SHORT and going to sleep.

T.A.Y.O.R.
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  • #14,817
  • Jun 25, 2008 8:02pm Jun 25, 2008 8:02pm
Quoting Malaysia
2:09am USD http://www.forexfactory.com/images/m...mpact_high.gif FOMC Statement

2:09am USD http://www.forexfactory.com/images/m...mpact_high.gif Federal Funds Rate 2.00% 2.00% 2.00%

The FOMC announced today that it is leaving the federal funds rate unchanged at 2.00%. Most traders were expecting this, but it leaves us with the question, "Now what?"
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  • #14,818
  • Jun 25, 2008 8:40pm Jun 25, 2008 8:40pm
I dont think it will follow that channel.

I believe USD has reached end of road.
Im forgetting all carry pairs.
Who trades EURJPY or GBPJPY, when EURUSD, GBPUSD and USDJPY are not trending together?

My long term plans are long SGD, Euro and Aussie vs USD.
And Short YEN (USDYEN).

I may not take GBP for a long ride...just because.
I think its just as weak.

regards
jest
  • #14,819
  • Jun 25, 2008 9:21pm Jun 25, 2008 9:21pm
Quoting Malaysia
WTF!!! My Internet Connection down for almost an hour!!!

Now OK already
omg. Do you often have this?
  • #14,820
  • Jun 25, 2008 9:33pm Jun 25, 2008 9:33pm
Quoting jest1081
omg. Do you often have this?
Sad to say: it is quite common incident in Malaysia.
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