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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #15,181
  • Jul 6, 2008 11:36pm Jul 6, 2008 11:36pm
Hi guys!!!Very busy with my work lately....Anyway last week my trade are not as good as expected.....Hope this week will be better.....
  • #15,182
  • Jul 7, 2008 1:32am Jul 7, 2008 1:32am
Uh... non stop dropping. Should had just entered SHORT earlier on. Now a bit to enter SHORT. Where's the retracement?
  • #15,183
  • Jul 7, 2008 1:56am Jul 7, 2008 1:56am
Quoting Malaysia
Uh... non stop dropping. Should had just entered SHORT earlier on. Now a bit to enter SHORT. Where's the retracement?
Already shorted earlier on....SL already on BE...
  • #15,184
  • Jul 7, 2008 1:58am Jul 7, 2008 1:58am
what is your TP?

Quoting wakli
Already shorted earlier on....SL already on BE...
  • #15,185
  • Jul 7, 2008 1:58am Jul 7, 2008 1:58am
Quoting johnbaem
delete my PO order.. price seeing in bearish mode n thats not a very good entry..

placing 2 PO's at 1.9750 and 1.9700...

T.A.Y.O.R!!!

Evening people.. HIt my 1st PO on BUY mode at 1.9750... Theres possibility price to touch 50.0 fibo for cable around 1.9700 where my 2nd PO is placing.. Than, wait n see.. Shall it be a retracement process? I hope so...
  • #15,186
  • Jul 7, 2008 2:06am Jul 7, 2008 2:06am
Looking at the Daily Chart... TECHNICALLY... this is when I usually go LONG with tight SL... good R&R ratio if that Support .. RBS... hold strong.

However, conflicting with my fundamental view to go LONG. News coming out later. I am more confidence to go SHORT on this pair rather than go LONG since it failed to penetrate the psychological Resistance last time at 2.0000. Perhaps... I shall wait for the BOUNCE or RETRACEMENT to go SHORT >>> SELL FROM BOUNCE.

OR... the action now seems PRICING IN for the NEWS. Perhaps... after the released... PRICED IN and start to shoot up IF fail to penetrate the RBS Support or 50% or 61.8% Fibbo... Then I might place LONG with tight SL below those supports.

I am still on the side... watching.

T.A.Y.O.R.
Attached Image (click to enlarge)
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  • #15,187
  • Jul 7, 2008 2:15am Jul 7, 2008 2:15am
Anyone with a good position of SHORTing Cable and Fiber early in the morning? Congratulation What's your target?
  • #15,188
  • Jul 7, 2008 2:17am Jul 7, 2008 2:17am
Quoting John Lo
what is your TP?
Will wait until the news come out...will decide after that.....
  • #15,189
  • Jul 7, 2008 2:18am Jul 7, 2008 2:18am
Quoting Malaysia
Looking at the Daily Chart... TECHNICALLY... this is when I usually go LONG with tight SL... good R&R ratio if that Support .. RBS... hold strong.

However, conflicting with my fundamental view to go LONG. News coming out later. I am more confidence to go SHORT on this pair rather than go LONG since it failed to penetrate the psychological Resistance last time at 2.0000. Perhaps... I shall wait for the BOUNCE or RETRACEMENT to go SHORT >>> SELL FROM BOUNCE.

OR... the action now seems PRICING IN for the NEWS. Perhaps... after the released... PRICED IN and start to shoot up IF fail to penetrate the RBS Support or 50% or 61.8% Fibbo... Then I might place LONG with tight SL below those supports.

I am still on the side... watching.

T.A.Y.O.R.


Yeah... my friend S.Jack, is also doing his meditation in the meantime...
  • #15,190
  • Jul 7, 2008 2:27am Jul 7, 2008 2:27am
Quoting wakli
Will wait until the news come out...will decide after that.....
That's what I normally do. If got good position and green more than 30pips just right before the NEWS release... just place the SL at 1pip or BE. That should survive the volatility during the Release for CABLE and IF the NEWS if agreeing with the direction... wow weeee.... lots of profit to be harvested later.

But then... if the News the other way round. The SL will got hit... and nothing to lose. Just the strategy that I've been using all this while to catch those BIG MOVEMENT.

However, today I missed the opportunity to make an entry before the News. Now waiting the News Release to make an Entry... either LONG or SHORT... depending on the PA later.
  • #15,191
  • Edited 3:01am Jul 7, 2008 2:37am | Edited 3:01am
All Day ALL http://www.forexfactory.com/images/m...act_medium.gif G8 Meeting
The Group of Eight (G8) government leaders will begin a 3-day meeting in Hokkaido Japan to discuss a range of global economic issues including oil, world currencies, and exchange rates. Although the meeting is closed to the press, officials are expected to talk with reporters throughout the 3 days. A press conference is usually held at the conclusion of the meeting. The G8 consists of the world’s richest nations - United States, Japan, Germany, United Kingdom, France, Italy, Canada, and Russia - who together represent about 65% of the world economy. Though not an institution, the G8 represents an important global policy making process at the highest level, and at times their policies can have an impact on the currency markets.

I wonder what is their resolution or action plan against the high cost of OIL.
  • #15,192
  • Jul 7, 2008 2:55am Jul 7, 2008 2:55am
How I hate to watch the TV NEWS now... no stop politic News... not a healthy political environment we are living with now. Unstable political ground can disrupt economic growth.
  • #15,193
  • Jul 7, 2008 3:00am Jul 7, 2008 3:00am
sham,
how do you think UJ trend now?

Quoting Malaysia
That's what I normally do. If got good position and green more than 30pips just right before the NEWS release... just place the SL at 1pip or BE. That should survive the volatility during the Release for CABLE and IF the NEWS if agreeing with the direction... wow weeee.... lots of profit to be harvested later.

But then... if the News the other way round. The SL will got hit... and nothing to lose. Just the strategy that I've been using all this while to catch those BIG MOVEMENT.

However, today I missed the opportunity to make an entry before the News. Now waiting the News Release to make an Entry... either LONG or SHORT... depending on the PA later.

  • #15,194
  • Jul 7, 2008 3:11am Jul 7, 2008 3:11am
Quoting John Lo
sham,
how do you think UJ trend now?
Up Trend still valid, ain't it? Major Resistance area to be tested... then 50% Median.

Not really confidence with the up movement with OIL still expensive plus DJI still in the BEAR MARKET.

Attached Image(s) (click to enlarge)
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  • #15,195
  • Jul 7, 2008 3:17am Jul 7, 2008 3:17am
Good News for us... OIL and GOLD start plunging down today...that should strengthened the GreenBack. DJI (WS30) still inactive until NYSE open tonight.
Attached Image (click to enlarge)
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  • #15,196
  • Jul 7, 2008 3:30am Jul 7, 2008 3:30am
News coming out and I already placed SHORT with 30pips SL. Don't follow me... I am on the MAD BEAR DISEASE.

Attached Image (click to enlarge)
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  • #15,197
  • Jul 7, 2008 3:35am Jul 7, 2008 3:35am
4:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Industrial Production m/m -0.8% -0.1% 0.1%
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Manufacturing Production m/m -0.5% 0.0% 0.0%

No wonder CABLE been pricing in from Asian Session. BAD news from UK indeed. Why the heck I reacted late... seems like PRICED IN already

  • #15,198
  • Jul 7, 2008 3:40am Jul 7, 2008 3:40am
Closed my SHORT on Cable... chicken out Could be PRICED IN. Staying on the side line now.

Attached Image (click to enlarge)
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  • #15,199
  • Jul 7, 2008 3:43am Jul 7, 2008 3:43am
Quoting Malaysia
4:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Industrial Production m/m -0.8% -0.1% 0.1%
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Manufacturing Production m/m -0.5% 0.0% 0.0%

No wonder CABLE been pricing in from Asian Session. BAD news from UK indeed. Why the heck I reacted late... seems like PRICED IN already
Agree....I think priced in already....
  • #15,200
  • Jul 7, 2008 3:46am Jul 7, 2008 3:46am
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