Morning guys!!!
Closed my long on GU manually last night.....Will wait for further actions today....Good luck....
Closed my long on GU manually last night.....Will wait for further actions today....Good luck.... 
- #15,322
- Jul 9, 2008 6:42pm Jul 9, 2008 6:42pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Morning guys!!!
I forgot it was Wednesday yesterday... suffered a BIG SWAP from my floating SHORT positions 
It's either take out the loss manually now... or wait for the possible RETRACEMENT. Still juggling and thinking 
- #15,324
- Jul 9, 2008 7:56pm Jul 9, 2008 7:56pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Oil closed almost the same as the price of the previous day last night. Possible scenario for today 
Upward movement is more likely with this non stop trending up. However, it's summer time where demand fall drastically. Upward movement is abnormal during summer time where lots of energy being save from heating activity. Therefore can't rule out downward movement. What do you guys think about this?
Upward movement is more likely with this non stop trending up. However, it's summer time where demand fall drastically. Upward movement is abnormal during summer time where lots of energy being save from heating activity. Therefore can't rule out downward movement. What do you guys think about this?
- #15,325
- Jul 9, 2008 8:12pm Jul 9, 2008 8:12pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Uh... I forgot another scenario... which is RANGING 
Salam Sham. congrats for the amusing performance. keep it up. I'm learning how to control my money now. max drawdown 3% so far. but sometimes I ignore it. need more time to discipline myself. hmm... becoming a good trader will take some times huh? anyway, I always dream of becoming a Fulltime Trader. With capital of $10,000, I think It's very possible to secure at least RM5,000 a month. hope I can be there one day Insya-Allah...
i would have to make RM5,000 a week to become full time trader , lot of hard work
Oil closed almost the same as the price of the previous day last night. Possible scenario for today
Upward movement is more likely with this non stop trending up. However, it's summer time where demand fall drastically. Upward movement is abnormal during summer time where lots of energy being save from heating activity. Therefore can't rule out downward movement. What do you guys think about this?
- #15,328
- Jul 9, 2008 9:32pm Jul 9, 2008 9:32pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
a drop in inventory didnt push oil price up to new high,you shall know something negtive is happening.
10:35pm USD http://www.forexfactory.com/images/m...act_medium.gif Crude Oil Inventories -5.9M -1.5M -2.0M
Yep... that data should had made OIL Price surged up last night... but it didn't.
China H1 crude oil imports 90.53 mln tons, up 11 pct
Waiting for OIL market to open in a few hours time to see its reaction towards China increasing demand. Fundamentally... that also should cause OIL Price to crawl up some more... if it hasn't been priced in already.
However, if we see OIL price keep on being pressed down from here... that's means G8 has affecting the market psychology.
The original G8 meeting was convened during the 1973 oil crisis so the timing this year is interesting to say the least. I suspect will affect the trend in the near term.
Plus... summer time in the US... European countries... UK. Energy consumption should be lesser during summer time. On the other hand... travelling is active.
On top of that, rumours about a possible war is brewing.
So many variables that can influence the market ain't it
I like "A smooth sea never made a skilled mariner" like AWIE said.
- #15,329
- Jul 9, 2008 9:36pm Jul 9, 2008 9:36pm
- Joined Apr 2006 | Status: Trader | 2,429 Posts
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
- #15,330
- Jul 9, 2008 9:42pm Jul 9, 2008 9:42pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
does anyone know what time (est) the rate announcement comes out?
7:00 GBP http://www.forexfactory.com/images/m...mpact_high.gif Official Bank Rate
Should be about the same as Official Bank Rate announcement I guess. Around 6:30 to 7:00. I don't know If it'll come out early today
Normally a few hours after London Open. That's my guess.Anyone else with advance knowledge about this?
p/s: Please correct me if I am wrong about this... EST and Malaysian time is 12 hours different ain't it? Hence, the number of the time should be the same... just changing AM and PM.
- #15,331
- Jul 9, 2008 9:52pm Jul 9, 2008 9:52pm
Tentative GBP http://www.forexfactory.com/images/m...mpact_high.gif MPC Rate Statement
7:00 GBP http://www.forexfactory.com/images/m...mpact_high.gif Official Bank Rate
Should be about the same as Official Bank Rate announcement I guess. Around 6:30 to 7:00. I don't know If it'll come out early today
Anyone else with advance knowledge about this?
p/s: Please correct me if I am wrong about this... EST and Malaysian time is 12 hours different ain't it? Hence, the number of the time should be the same... just changing AM and PM.
yeah... just reverse am and pm..
- #15,333
- Jul 9, 2008 10:07pm Jul 9, 2008 10:07pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
i'm more interested in this data which has been phostphoned at least 2days.
BAD data?
Too good to be GREEN ain't it? My speculation is RED. I could be wrong...Very important day for the Pound Sterling Today!!!
4:00pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Halifax HPI m/m
Tentative GBP http://www.forexfactory.com/images/m...mpact_high.gif MPC Rate Statement
7:00pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Official Bank Rate
The IR should be unchanged. To hike it... economy not doing well. To cut it... inflation so high. Most likely stay the same. The real figure still not out yet. Anything can happen.
If BOE hike IR ... Cable should fly off above 2.0000.
If BOE cut IR ... Cable should free fall below 1.6000.
If BOE not doing anything to the IR... which is most likely... the outcome ...
However, the Halifax HPI will first greatly influence the market prior to the IR statement.
Just the way I look at it for today scenario.
- #15,334
- Jul 9, 2008 10:18pm Jul 9, 2008 10:18pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
yeah... just reverse am and pm..
Considering the DST factor... back to 11 hours different during Winter time. 
- #15,337
- Jul 9, 2008 11:43pm Jul 9, 2008 11:43pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
hmmm.... monstrous villains!! trying to get samurai jack confused, eh?
moments like this... grab a cuppaa!!!
Errrr hopefully that surge up just a BULL trap. I am starting to piss in my short now. Still got floating SHORT positions since yesterday
- #15,340
- Jul 9, 2008 11:52pm Jul 9, 2008 11:52pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
nasty move higher in fibber seems like bull trap,anyway will wait till uk data come out to decide next move-cut or hold
Luckily the NEWS is on my side... for this moment. Wow wee... I see a long SHADOW/Wick on hourly CS. Price rejection to go higher it seems... got lots of SELLERS on top. Let see IF I wanna close my floating SHORT since yesterday at BE or... let it slide down some more for profit. Hurmmm... when there's reward... there is always RISK.
Crazy market so far... WHIPSAWING.
2:45pm EUR http://www.forexfactory.com/images/m...act_medium.gif French Industrial Production m/m -2.6% -0.5% 1.4%