Malaysia

Quoting Malaysia

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Turmoil after turmoil... storm after storm... endless crisis. Market is like $%^# now!!! Anyone got a clue?

Best bet... stay aside. The question is... for how long?

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Quoting xeNOS

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gd 4 u.. damn.. missed the rally on monday cos was out whole day.. then when tried to trade yest kena whipsawed in GU.. got MM so still ok.. but the thing is seems like market is whippy these 2days.. u got secret signal ? huhu ? wat is dat ?

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Quoting Mcdegoh

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Hi Guys. Been off for a while. Made 197 pips last night on GU down trend before bouncing back up and lost me 72 pips. Total exit now 125 pips. Lousy market tho. In with GU rebound now up 30.6 pips or 30.60cents. heheh. If my lines are right, EU/GBP will go down a few pips now.

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Quoting Babyboy

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Yo xeNOS,

As I'm out of job at the moment, was seeking some jobs lately. Bump into a forex company in Midvalley for hiring. Was having a great talk with the Mgr.
So he did give a hint ... on this pair. hehe ...

However, my EU only getting 100greens. If I could wait longer, I would have pocket another 200greens last nite. Then I could have a 300greens this week instead of 200greens... LOL

Anyway, 200greens for this week. D@mn lucky and happy. Gonna rest till after raya then only I trade. Raya, I'm off JB for holiday..... So

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Quote

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FOREX-Dollar dips on U.S. bailout plan uncertainty

26 September 2008 11:14:00


TOKYO, Sept 26 (Reuters) - The dollar fell against the yen and the euro on Friday as a deal to rescue the U.S. financial system stalled, souring hopes for an imminent agreement to resolve the banking crisis.
U.S. lawmakers had appeared close to a final agreement on Thursday on a massive $700 billion bailout to save the financial system, but things spun off course during an emergency White House meeting between Congressional leaders with U.S. President George W. Bush.
Negotiations toward a Wall Street bailout fell into disarray late on Thursday after Republican president candidate Sen. John McCain backed a new plan differing markedly from the one that has been under discussion.[ID:nN25133375]
Congressional leaders said an agreement could take until the weekend or longer, sending U.S. stock futures down sharply in Asian trading, hurting the dollar.
'The change in the mood about the imminent agreement on the U.S. bailout plan is adding to the weakness of the dollar against the yen,' said a trader at a Japanese bank.
News that Washington Mutual was closed by U.S. authorities and its assets sold in America's biggest ever bank failure also hurt the sentiment towards the greenback.
The third-largest U.S. bank JPMorgan Chase & Co said it bought the deposits of Washington Mutual which has seen its stock price virtually wiped out because of massive amounts of bad mortgages.[ID:nSP335584]
The dollar fell 0.6 percent to 105.87 yen, near day's low, but stayed in a rough range of 105-108 yen this week.
Traders said selling came mostly from speculators who create and close positions in the short term, while many investors avoided big directional bets in recent volatile sessions.
'The market is not in a state where we can analyse economic fundamental factors and create bets accordingly. Price movement is too choppy,' said Haruhisa Takagi, head of forex spot trading group at Sumitomo Mitsui Bank.
The euro rose 0.4 percent to $1.4670. Against the yen, the euro dipped 0.2 percent to 155.37 yen.
Traders said comments from Dallas Fed President Richard Fisher also put downward pressure on the dollar. Fisher said on Thursday the danger of a financial meltdown makes the need for higher interest rates less urgent.
Fisher's comments came after data on Thursday painted a bleak picture of the U.S. housing and labour markets, reinforcing market participants' views that even a massive bank rescue may not be enough to avert a recession.
The New Zealand dollar jumped 1 percent to $0.6873 after data showed the economy contracted in the second quarter, but by less than the market had forecast.
Still, the data confirmed New Zealand fell into recession for the first time in more than a decade, backing expectations of more interest-rate cuts this year and undermining the kiwi's strength in longer-term.
The market showed limited reaction to data showing Japan's core annual consumer inflation stayed at a decade high of 2.4 percent in August, matching a market forecast.[ID:JPCPI=ECI]
(Editing by Sophie Hardach)
.
lw
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

Quoting mustang

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Storm with thunder bro..

If anyone got clue, sure millionaire

Agree u with stay aside and if need to trade too, used smallest lots

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Quoting johnbaem

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Its been a whileeeee since i last get in here..

Bujal,

youll be in africa? Tot of visiting u this raya..

Guys,

Somewhere around 2nd week of raya, ill be organizing a open house session..
You all are cordially invited to my place..

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Quoting greenrenjer

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hello everyone...nice 2 meet all of u here...so i'm the new guys in here right? i'm from Malaysia also n just starting to joining n training in forex demo acc in fxpro....my interest n research pair to trade is GBP/JPY...i hope we could share more info about Forex n i want to thank all of the senior in this field for giving the tips n tricks to suceed in trading.... MALAYSIA TRADERS BOLEH!!!!!!!!!

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Quoting PandoraBox

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For newbie...I suggest don't ever try GJ (GBPJPY). It is the most volatile pair now days. In one day it could swing around 500 pips. If you really wanna to try....don't forget stop loss. Good luck

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Quoting Mcdegoh

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Hi Guys.

You guys caught any good trades today? I really took a haul in.. sorry but i promised my sifu that i don't show how i cought this bro.. We meet in kl sometime and talk it through ya..
hheeh

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Quoting xeNOS

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haha, gd 4u nvm, oppourtunity comes around everytime in FX, jz that v need to hv rules to keep us alive in this volatile market. U got mentor ar? cal me wen u in KL, v go yamcha

a special msg to all here,
SELAMAT HARI RAYA ~~!

cheers !

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Quoting watzzup

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Hi all,
I'm new too. I started trading will some real cash not know what i was doing.And now i am doing it again.

Its when i trade with a demo account, i'm kinda seeing the profits but with real money comes along with the emotions and worrying if i'm going to lose all that money.

I wonder if i place like a 10K base or 5K base i wouldn't be feeling that much of a lose if i lost initial trade of 1K over a longer time period, that's like a minimal with a bigger base.

Anyway, anyone watched the house bills vote? Its like driving the market insane. haha

Selamat Hari Raya! Happy trading.

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