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Help needed in OANDA + users from Malaysia 105 replies

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  • #18,761
  • Oct 12, 2008 7:40am Oct 12, 2008 7:40am
Looking at others currency website... a huge variance of the price detected. EurUsd or Fibre could have around 100pips GAP upward . No sign on Cable so far (the weekend price still about the same as last Fiday's Closed)... but Cable could follow Fibre. I just wait till the retail Forex Market to open and decide.
  • #18,762
  • Oct 12, 2008 7:42am Oct 12, 2008 7:42am
Good to see you back Sham, missed you analysis brother
Trade what you see, not what you think.
  • #18,763
  • Oct 12, 2008 7:48am Oct 12, 2008 7:48am
Quoting karmostaji
Good to see you back Sham, missed you analysis brother
Happy Idul Fitri to you Brother

http://images.google.com.my/url?q=ht...8J8drU_WvZi00g
  • #18,764
  • Oct 12, 2008 8:01am Oct 12, 2008 8:01am
Quoting Malaysia
Looking at others currency website... a huge variance of the price detected. EurUsd or Fibre could have around 100pips GAP upward . No sign on Cable so far (the weekend price still about the same as last Fiday's Closed)... but Cable could follow Fibre. I just wait till the retail Forex Market to open and decide.
I'm new to forex...some terms are not recognisable...what is cable??
  • #18,765
  • Oct 12, 2008 8:04am Oct 12, 2008 8:04am
Quoting Malaysia
Happy Idul Fitri to you Brother

http://images.google.com.my/url?q=ht...8J8drU_WvZi00g
Thanks & same to you
Trade what you see, not what you think.
  • #18,766
  • Oct 12, 2008 8:05am Oct 12, 2008 8:05am
Quoting preferich
I'm new to forex...some terms are not recognisable...what is cable??
GBP/USD
Trade what you see, not what you think.
  • #18,767
  • Oct 12, 2008 8:11am Oct 12, 2008 8:11am
Quoting preferich
I'm new to forex...some terms are not recognisable...what is cable??
Symbol Country Currency Nickname USD (Buck) EUR (fiber) jpy (Yen) GBP (Cable) CHF ( Swissy) CAD (Loonie ) AUD ( Aussie) NZD(Kiwi
  • #18,768
  • Oct 12, 2008 8:13am Oct 12, 2008 8:13am
Happy Birthday to this wonderful thread....and welcome back Sham.
  • #18,769
  • Oct 12, 2008 8:56am Oct 12, 2008 8:56am
Quoting silverwhite1
Symbol Country Currency Nickname USD (Buck) EUR (fiber) jpy (Yen) GBP (Cable) CHF ( Swissy) CAD (Loonie ) AUD ( Aussie) NZD(Kiwi
Wonderful...thank you for the info!
  • #18,770
  • Oct 12, 2008 7:08pm Oct 12, 2008 7:08pm
Hi guys!!!Welcome back Sham!!!It remain to be seen whether the market will calm down due to the worldwide effort to stabilize the financial market.....But I hope so.....
  • #18,771
  • Oct 12, 2008 7:50pm Oct 12, 2008 7:50pm
Quoting wakli
Hi guys!!!Welcome back Sham!!!It remain to be seen whether the market will calm down due to the worldwide effort to stabilize the financial market.....But I hope so.....
its great when the penghulu comes back. i`m short eurusd and green pips starts raining .....
at last i`ve found a holygrail........
  • #18,772
  • Oct 12, 2008 8:43pm Oct 12, 2008 8:43pm
Many GAPs today!!! As expected. Aussie and Fiber have a large GAP. Cable just follow with a small GAP.

Aussie and Fiber GAP just been covered back. Cable covered more than the GAP.

I dunno why... upon seeing Aussie and Fiber GAP been covered... I usually make a small entry to test the market with tight SL. In this case... since GAP upward on FIBER, usually I would go LONG once the GAP covered. However, I went LONG on CABLE instead. This is an instinct trading or I am way out of my mind.
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  • #18,773
  • Oct 12, 2008 8:47pm Oct 12, 2008 8:47pm
Seeing lots of GAP upward.... perhaps the market psychology in the changing process.... I went LONG on CABLE and already moved SL to 1 pip green.

The GAP made me change my strategy from SFB to BFD. Anyway... not to worry with SL on the green.

T.A.Y.O.R.
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  • #18,774
  • Oct 12, 2008 8:51pm Oct 12, 2008 8:51pm
Clearly "Dead Cat Bounce" on the GAP trading for FIBER and AUSSIE right now. Actively bouncing back upward after completing covering the GAP.

However, the day still young. European and London open will show where actually we are heading today. North or South?
  • #18,775
  • Oct 12, 2008 9:00pm Oct 12, 2008 9:00pm
Quoting Malaysia
Seeing lots of GAP upward.... perhaps the market psychology in the changing process.... I went LONG on CABLE and already moved SL to 1 pip green.

The GAP made me change my strategy from SFB to BFD. Anyway... not to worry with SL on the green.

T.A.Y.O.R.

A good catch there As right now already about 50pips profit floating.

Moving up SL securing 25pips profit if Cable fall back down. Easy pips

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  • #18,776
  • Oct 12, 2008 9:12pm Oct 12, 2008 9:12pm
All Day JPY http://www.forexfactory.com/images/m...ct_holiday.gif Bank Holiday
All Day CAD http://www.forexfactory.com/images/m...ct_holiday.gif Bank Holiday
All Day USD http://www.forexfactory.com/images/m...ct_holiday.gif Bank Holiday

Thin market today... many Bank Holiday. Careful with low volume / thin market, whereby it can easily manipulated by big players. Take it like moving an elephant and moving a cat... which one is easier, moving a heavy things or a light things?
  • #18,777
  • Oct 12, 2008 9:16pm Oct 12, 2008 9:16pm
I think I am done for today with that few pips greens. Kinda not confidence enough with many bank holidays around the world. Just a warm up after a long break from trading. A good start See you guys tomorrow.
  • #18,778
  • Oct 13, 2008 3:57am Oct 13, 2008 3:57am
A very strong bull indeed Too bad I was forced out of my LONG at the early stage Tomorrow never die...

p/s: Why you guys so quiet? No one trading today?
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  • #18,779
  • Oct 13, 2008 4:11am Oct 13, 2008 4:11am
Quoting Malaysia
A very strong bull indeed Too bad I was forced out of my LONG at the early stage Tomorrow never die...

p/s: Why you guys so quiet? No one trading today?
I'm waiting to sell after bull exhaustion signs.. how r u doing sham?? so quiet for so long. Are you doing other business??
  • #18,780
  • Oct 13, 2008 4:18am Oct 13, 2008 4:18am
Quoting moewenger
I'm waiting to sell after bull exhaustion signs.. how r u doing sham?? so quiet for so long. Are you doing other business??

Still surviving on Forex.... barely... tough year so far with the world economy full of uncertainty and turmoil. Market move erratically. Anyway, been very busy lately with other things. How you doing?
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