Malaysia | Page 919 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Help needed in OANDA + users from Malaysia 105 replies

Attachments: Malaysia
Exit Attachments

Malaysia

  • #18,361
  • Sep 11, 2008 7:20pm Sep 11, 2008 7:20pm
Quote
21:14 EUR/USD: Recovers Strongly into the Close on Trichet September 12.
EUR/USD has recovered strongly right on the NY close after extremely hawkish
comments from ECB President Trichet. Trichet said "we are facing shocks of great
magnitude" and "have to do what is needed to protect price stability medium
term". The Euro has jumped from around 1.3975 to 1.4025 since the announcement.
The Trichet comments plus the Lehman possible takeover news has put a dampener
on the US dollar on the opening of the Asia session and given the moves we have
seen this week a strong recovery in the Euro, AUD etc to close the week looks
possible. Wall Street certainly likes the Lehman possible resolution news with
the Dow recovering strongly late in the NY session to finish up 1.46%.
[email protected]
ECB Trichet made a hawkish statement that had caused EU to bounce back to the 1.4000 area...referring to the above speech.. can any1 tell me wat does it infer? to maintain price stability? meaning not to cut interest rate? thx !
  • #18,362
  • Sep 11, 2008 10:18pm Sep 11, 2008 10:18pm
Preferably, I believed a truncated wave 5 (white or magenta) is already established and looking forward for a bullish reversal trend to perform a major corrective a,b and c. A valid triple bottom pattern and a further breakout to the upper green trendline and critical line 1 would bolster this scenario. Otherwise a breakout to the bearish continuation line 7 would put this scenario in major doubt (yellow). Good luck and happy weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: gj1hb.gif Size: 50 KB
  • #18,363
  • Sep 11, 2008 11:35pm Sep 11, 2008 11:35pm
http://i271.photobucket.com/albums/j.../trendgu-1.jpg

looking at the trendlines of GU in 1H tf, i noticed that the price touches at 5 points during its downtrend. so this upper resistance trend line here seems to be very strong..

the last trend line which sloped upwards at the most right edge of the chart gives some clue of whether the price will keep on scaling to break the resistance trend line or break the support and trend lower, well we will wait n c

happy trading guys !
  • #18,364
  • Sep 11, 2008 11:56pm Sep 11, 2008 11:56pm
Quoting xeNOS

looking at the trendlines of GU in 1H tf, i noticed that the price touches at 5 points during its downtrend. so this upper resistance trend line here seems to be very strong..

the last trend line which sloped upwards at the most right edge of the chart gives some clue of whether the price will keep on scaling to break the resistance trend line or break the support and trend lower, well we will wait n c

happy trading guys !
I draw the TL differently ... more or less... just about the same.

Looks like the Bull is breaking it Upward. Executing Buy if confirmed Breakout. T.A.Y.O.R.

Uncle Trichet was Hawkish mentioning something about "PROTECT price stability" yesterday. Hurmmm... I am expecting INTERVENTION. Drastic change on Fiber will affect Cable as well.

p/s: Don't forget Friday Prayer.
Attached Image (click to enlarge)
Click to Enlarge Name: chart2093.PNG Size: 62 KB
  • #18,365
  • Sep 12, 2008 1:03am Sep 12, 2008 1:03am
for GU , seems like buyers managed to push the price to retest the 1.7600 area. volume had surged upon reaching the region.. from the price action it can be seen the sellers are camping at the 1.7600 area.. if this resistance can be broken, we will see price moving towards the 1.7650 area...

happy trading !
  • #18,366
  • Sep 12, 2008 1:13am Sep 12, 2008 1:13am
GU seems to be having indecision around the 1.7600 region. I tink must wait for London open to have a clear picture.
  • #18,367
  • Sep 12, 2008 1:26am Sep 12, 2008 1:26am
Quoting Malaysia
I draw the TL differently ... more or less... just about the same.

Looks like the Bull is breaking it Upward. Executing Buy if confirmed Breakout. T.A.Y.O.R.

Uncle Trichet was Hawkish mentioning something about "PROTECT price stability" yesterday. Hurmmm... I am expecting INTERVENTION. Drastic change on Fiber will affect Cable as well.

p/s: Don't forget Friday Prayer.

Looks like a confirmed Breakout on H1. Already went LONG. Placing SL at BE soon.

T.A.Y.O.R.
Attached Image (click to enlarge)
Click to Enlarge Name: chart2094.PNG Size: 64 KB
  • #18,368
  • Sep 12, 2008 1:33am Sep 12, 2008 1:33am
Quoting Malaysia
Looks like a confirmed Breakout on H1. Already went LONG. Placing SL at BE soon.

T.A.Y.O.R.
More than 20pips green now... SL placed to 1 pip green. Carefree mode... AutoCruise.
  • #18,369
  • Sep 12, 2008 1:54am Sep 12, 2008 1:54am
Hi guys!!!!Nice breakout for for most of the pairs....All longs are on BE....Hopefully it will stay up since the consolidation for most of the pairs are overdue....
  • #18,370
  • Sep 12, 2008 2:36am Sep 12, 2008 2:36am
More than 70pips profit now. What a perfect BREAKOUT!!!

Halting at Daily R2 now... might taking out profit now and Buy From Dip later. Depending on PA.

The Weekly Pivot is at exactly 61.8% Fibbo.... must be a Strong Resistance if more bull coming in later.

T.A.Y.O.R.
Attached Image (click to enlarge)
Click to Enlarge Name: chart2095.PNG Size: 66 KB
  • #18,371
  • Sep 12, 2008 2:56am Sep 12, 2008 2:56am
Dang.. lost 110 cos of jusmping into the trade late.. was chasing the market anyway... sigh.. any1 can tell me oso how to use tha fabio?
  • #18,372
  • Sep 12, 2008 3:06am Sep 12, 2008 3:06am
mcdegoh,

check this website. it's mouteki's website. He's one ofe the member in FF. There, you'll find his video on fibo. watch and learn.

www.forexgemini.com
  • #18,373
  • Sep 12, 2008 4:07am Sep 12, 2008 4:07am
Hi Sorsurus,

Thanks for the site. Owe you guys one.



Quoting sorsurus
mcdegoh,

check this website. it's mouteki's website. He's one ofe the member in FF. There, you'll find his video on fibo. watch and learn.

www.forexgemini.com
  • #18,374
  • Sep 12, 2008 8:29am Sep 12, 2008 8:29am
Quoting Malaysia
More than 70pips profit now. What a perfect BREAKOUT!!!

Halting at Daily R2 now... might taking out profit now and Buy From Dip later. Depending on PA.

The Weekly Pivot is at exactly 61.8% Fibbo.... must be a Strong Resistance if more bull coming in later.

T.A.Y.O.R.

Nice one TP at the Weekly Pivot reached. Now executing SHORT for possible retracement downward. Tight SL above the psychological resistance 1.7800.

T.A.Y.O.R.
Attached Image (click to enlarge)
Click to Enlarge Name: chart2096.PNG Size: 68 KB
  • #18,375
  • Sep 12, 2008 9:27am Sep 12, 2008 9:27am
Quoting Malaysia
Nice one TP at the Weekly Pivot reached. Now executing SHORT for possible retracement downward. Tight SL above the psychological resistance 1.7800.

T.A.Y.O.R.

Tough fight at around 1.7800 area... finally broken and hit my SL... I am done for this week.
  • #18,376
  • Sep 12, 2008 10:47am Sep 12, 2008 10:47am
hi guys, jz like to know... is there a season for forex trading ? is there a quite month for forex? like December or November ? thx ! need to know urgently..

happy trading !
  • #18,377
  • Sep 12, 2008 12:47pm Sep 12, 2008 12:47pm
do you happen to have a trading journal?


Quoting Malaysia
Tough fight at around 1.7800 area... finally broken and hit my SL... I am done for this week.
  • #18,378
  • Sep 12, 2008 2:02pm Sep 12, 2008 2:02pm
EU bearish going to touch 1.4272. Thats all. see you guys next week!

Cheers!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #18,379
  • Sep 13, 2008 5:47pm Sep 13, 2008 5:47pm
morning everybody....
seem the BULL has wake up from month and half long sleep......

she just stretch her back bone now.......
so lets rock the boat with Mr Trichet!

BUY mode start...till fainted
  • #18,380
  • Sep 13, 2008 5:49pm Sep 13, 2008 5:49pm
Quoting bujal38
morning everybody....
seem the BULL has wake up from month and half long sleep......

she just stretch her back bone now.......
so lets rock the boat with Mr Trichet!

BUY mode start...till fainted
errr...please google nicole elliot in your search engine...and compare her analysis with us....

she use ichimoku.....hehe sila sila.......
2 traders viewing now