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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #15,701
  • Jul 17, 2008 8:34am Jul 17, 2008 8:34am
Ting Ting !!! Starting Bell. My DJI chart been activated.

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  • #15,702
  • Jul 17, 2008 8:38am Jul 17, 2008 8:38am
Update of the charts.
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  • #15,703
  • Jul 17, 2008 8:39am Jul 17, 2008 8:39am
Quoting Malaysia
Ting Ting !!! Starting Bell. My DJI chart been activated.

im short too ..
we making lower highs at least ...lol
  • #15,704
  • Jul 17, 2008 8:46am Jul 17, 2008 8:46am
Quoting nAVIN2007
im short too ..
we making lower highs at least ...lol
Dreaming of a lower LOW
  • #15,705
  • Jul 17, 2008 8:49am Jul 17, 2008 8:49am
Quoting Malaysia
Dreaming of a lower LOW
yes...im doing this to....this is really funny...seems like people are scared to sell
  • #15,706
  • Jul 17, 2008 8:52am Jul 17, 2008 8:52am
Quoting nAVIN2007
yes...im doing this to....this is really funny...seems like people are scared to sell
Unless idiot Bernie starts propping up the dollar through intervention/hiking rates, nobody in their right mind would want to buy dollars. This is going to be a 'buy dips' scenario for a long time (if things continue the way they are)
  • #15,707
  • Jul 17, 2008 9:09am Jul 17, 2008 9:09am
US data seems good overall with only in one current news shown some impact.. bdw, price keep approaching 1st r1 even good data keep coming out.. overall, market ranging.. hurm..
  • #15,708
  • Jul 17, 2008 9:22am Jul 17, 2008 9:22am
Quoting johnbaem
US data seems good overall with only in one current news shown some impact.. bdw, price keep approaching 1st r1 even good data keep coming out.. overall, market ranging.. hurm..
No matter what... majority favouring SELL USD it seems
  • #15,709
  • Jul 17, 2008 10:12am Jul 17, 2008 10:12am
Hello to all,

I'm reading Kathy Lien's comment for more information to generate ideas. Here is her comment in her blog:

"
Bank earnings, oil prices and diversification are driving the dollar this morning. The big question is whether the problems with Fannie Mae, Freddie Mac and IndyMac have extended to JPMorgan, Merrill Lynch and Citigroup.
Although JPMorgan reported a 53 percent drop in profit, their decline was less than the market expected. Merrill Lynchhowever may not fare as well. Yesterday, they announced that they will sell their $4.5 billion stake in Bloomberg. With $6 billion in expected writedowns, this is definitely a desperate measure to avert massive selling of their stock in case writedowns or losses are unusually large. They wouldn’t sell such a valuable investment if they didn’t need cash.

Housing starts, building permits and jobless claims were dollar bullish, helping the US dollar recover against the Japanese Yen. But the dollar is still struggling against many of the other G10 currencies such as the Euro, British pound and Australian dollars. A further recovery could be possible given the extreme levels of EUR/USD risk reversals, but traders should do as the Sovereign Wealth Funds do by looking for opportunities to sell rather than buy the dollar. The Financial Times reports that one SWF in the Gulf has cut its dollar denominated holdings from 80 to 60 percent while China’s State Administration of Foreign Exchange is also looking to do the same, but of course by a smaller degree.
This is one of the reasons why the Bernanke wants the dollar to rise. A stronger dollar restores investor confidence and brings down oil prices, giving the relief to the stock market and US consumers. "

Comment by Kathy Lien, FXCM Chief Currency Strategist. All Right Reserved.

Disclaimer : This comment should treat as information only, it doesn't mean for buy/sell proposal. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
  • #15,710
  • Jul 17, 2008 10:31am Jul 17, 2008 10:31am
10 min ago....i took short E/U....and now..heeeheeheee....
  • #15,711
  • Jul 17, 2008 10:37am Jul 17, 2008 10:37am
Whipsaw?
  • #15,712
  • Jul 17, 2008 1:01pm Jul 17, 2008 1:01pm
Quoting Malaysia
Whipsaw?
That WHIPSAW just saved me. I revised ALL SL on CABLE earlier on on my guts feeling that something not right... the surge up is just for temporary since overall Fundamental for USD looks good for today. I bended the rule... I should had LONG after the TRIANGLE broke upperside... But I didn't... I kept all the multtiple SHORTs. My observation on OIL and GOLD plus DJI also give the edge for me to anticipate with the whole situation.

Thank you GOD Alhamdulillah.
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  • #15,713
  • Jul 17, 2008 1:03pm Jul 17, 2008 1:03pm
Non Currency market watch update... Gold, Oil and DJI that influencing USD strength.

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  • #15,714
  • Jul 17, 2008 1:11pm Jul 17, 2008 1:11pm
At this moment, please be noted that the bearish continuation scenario in critical stage. Please study all the latest re-count waves and I believed if the price continue further upside and break the yellow critical line, advisable to stay out from the market until next week. Its more likely the corrective a, b and c already completed (magenta) and preferably looking forward for a new set of waves to begin either a bullish or a bearish wave count. Have a nice day.
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  • #15,715
  • Jul 17, 2008 1:12pm Jul 17, 2008 1:12pm
Quoting Malaysia
That WHIPSAW just saved me. I revised ALL SL on CABLE earlier on on my guts feeling that something not right... the surge up is just for temporary since overall Fundamental for USD looks good for today. I bended the rule... I should had LONG after the TRIANGLE broke upperside... But I didn't... I kept all the multtiple SHORTs. My observation on OIL and GOLD plus DJI also give the edge for me to anticipate with the whole situation.

Thank you GOD Alhamdulillah.

If I only trade what I see... I would had took heavy losses from my multiple SHORTs on CABLE and Started going LONG.

But I didn't... I traded what I think.... and it just saved me and profiting for me.

I Think... I See... I Think again... then I Trade. Variables Change... I rethink and review.

People say... Trade what you see.. not what you think. Not for me. I got to think and see before I make the trade. This is just me and my style. Mainly... Not suitable for others.
  • #15,716
  • Jul 17, 2008 1:16pm Jul 17, 2008 1:16pm
Touching RBS... Closing some of my multiple SHORTs. Leaving one floating for possible BREAKOUT.

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  • #15,717
  • Jul 17, 2008 1:21pm Jul 17, 2008 1:21pm
Quoting Malaysia
Touching RBS... Closing some of my multiple SHORTs. Leaving one floating for possible BREAKOUT.
Closed 3 SHORTS with PROFIT (was floating with heavy loss earlier) Leaving 1 Short still floating. Uh... I got to change the SL of the floating SHORT to the green now. Job well done today It's a long day of trading... but it's worth it.
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  • #15,718
  • Jul 17, 2008 1:26pm Jul 17, 2008 1:26pm
Quoting Malaysia
Dreaming of a lower LOW
Dream came true

Now I got to sleep... and having a sweet dream. Good Night
  • #15,719
  • Jul 17, 2008 1:33pm Jul 17, 2008 1:33pm
Quoting johnbaem
My post looking good.. Currently around 20-30pips.. wanna play safe or let it goes?
Hiargh!!!! finally hit my tp around 9960 for 70pips!!! today is a very tricky battle but emotional control is getting better..

My PO hit quite good around 61.8 fibo from last low at 2.0030 and after tricky move when GU heading up until 50 and try to reach 38.2 level, they manage to get to suppose direction and perhaps daily candle today will confirm the bear move..

time to watch movie!!!
  • #15,720
  • Jul 17, 2008 1:34pm Jul 17, 2008 1:34pm
Quoting Malaysia
Dream came true

Now I got to sleep... and having a sweet dream. Good Night

good night sham and congratulation..
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