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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #19,601
  • Nov 5, 2008 7:07pm Nov 5, 2008 7:07pm
Good Morgan Malaysia...

Rise n Shine!!! Where shall GU heading today??? Any bet???
  • #19,602
  • Nov 5, 2008 8:20pm Nov 5, 2008 8:20pm
UP DOWN UP DOWN... Errr... I am Clueless. Mainly because of this is the ELECTION week. Market movement mainly sensitive and IMPULSIVE. Congrats to Mr. Obama.
  • #19,603
  • Nov 5, 2008 9:19pm Nov 5, 2008 9:19pm
Tentative GBP http://www.forexfactory.com/images/m...mpact_high.gif MPC Rate Statement
7:00am GBP http://www.forexfactory.com/images/m...mpact_high.gif Official Bank Rate ??? 4.00% 4.50%

Preferably SHORT Cable or SELL FROM BOUNCE... the Cable been pricing in for that. However be careful with PRICED IN factor later on.
  • #19,604
  • Nov 5, 2008 9:23pm Nov 5, 2008 9:23pm
At this moment, market already break the lower red trendline and I'm looking forward to see a further breakout to the white critical lines to bolster the bearish continuation trend sceanrio to complete subwave 5 eiher in magenta (impulsive) or yellow (truncated). But please be careful for any bullish reversal trend referring to the alt count in white. Good luck.
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  • #19,605
  • Nov 5, 2008 10:45pm Nov 5, 2008 10:45pm
Good Afternoon MY Gmt+8 trader..

Wow - Yesterday up down up down and my anticipated BEAR at last take the baton during NY session.. So , anticipate more downwards today ,maybe new low by end of this week ..

What I want to discuss here are to develope strategy.. I open GJ chart just now and just playing around draw TL and it looks pretty interesting ..
OK , I know there are triangle breakout strategy and a lot of trader are using it but I am not quite good at it ..pls refer chart , What I see is repetitive pattern along multiple triangle which is look very promising as I can see a lot of SFB , break out , BFD strategy in there where price play and act nicely along the TL ..

What I want to know and explore ,

1 - do you guys think we can discuss and develop a strategy from these (chart ) scenario ? how to spot ,condition ,SL ,TP & etc ...
2 - Is there any established strategy similar to this scenario where I can refer to ?

It looks like Fibo playing quite well with this scenario...

From the chart , I can see last support for GJ would be the yellow TL..break that we will see new low I think..or that will be BFD oppurtuinity..

Thanks
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R1 BPL R2 FA R3 CL ALL still ON
  • #19,606
  • Nov 5, 2008 10:58pm Nov 5, 2008 10:58pm
We got AU daily bar with almost quite same high difference by 3pips ..
Is this a sign we would go DIVE ?? We will see and if she do , don't miss the oppurtunity to DIVE along ..ok now search for SFB
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R1 BPL R2 FA R3 CL ALL still ON
  • #19,607
  • Nov 5, 2008 11:14pm Nov 5, 2008 11:14pm
Possibility to test Last Week Low again... maybe Next Week or tomorrow if it FREE FALL crazily again. Just a prediction from my Technical point of view... Fundamental can change everything. Not a Trade suggestion.

T.A.Y.O.R.
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  • #19,608
  • Nov 5, 2008 11:35pm Nov 5, 2008 11:35pm
Quoting Jebatfx
At this moment, market already break the lower red trendline and I'm looking forward to see a further breakout to the white critical lines to bolster the bearish continuation trend sceanrio to complete subwave 5 eiher in magenta (impulsive) or yellow (truncated). But please be careful for any bullish reversal trend referring to the alt count in white. Good luck.
Hey Jebat i never understand ur charts... so much complex and always seems to me with un-necessery lines. I never understand wht u wana convey from ur chart's. Try to post them with standard zoom and without un-necessery lines. So viewer may understand your chart's.
  • #19,609
  • Nov 6, 2008 1:21am Nov 6, 2008 1:21am
Very TOUGH Support around 1.5800 area... which is around 61.8% Fibbo level. I figured out... some minor correction is needed for the heavy Fall last night. Did LONG Cable with TP around the DPP. I'll Definitely Sell From Bounce at the DPP with tight SL. PING PONG non STOP!!!
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  • #19,610
  • Nov 6, 2008 1:41am Nov 6, 2008 1:41am
Quoting Malaysia
Very TOUGH Support around 1.5800 area... which is around 61.8% Fibbo level. I figured out... some minor correction is needed for the heavy Fall last night. Did LONG Cable with TP around the DPP. I'll Definitely Sell From Bounce at the DPP with tight SL. PING PONG non STOP!!!

Ouch!!! Bloody SPIKE A few pips away to hit my SL at BE now Cable just can't go very high until the important NEWS from UK out on the field. It'll SHOOT UP or FREE FALL when the NEWS announcement is made. OR... the one I hate... WHIPSAW!!!
  • #19,611
  • Nov 6, 2008 2:23am Nov 6, 2008 2:23am
Nice one!!! Reaching the DPP. Should TP already and excecute SFB by now. With tight SL.

Added Long when it fall back down from the initial Spike. Now Both should Take Profit already. What now? I am SHORT (SFB) at DPP.

T.A.Y.O.R.


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  • #19,612
  • Nov 6, 2008 2:23am Nov 6, 2008 2:23am
Id faced SL at 30pips earlier on. CS timing is changing arent ya. I didnt realize that so my calculation sucks.
  • #19,613
  • Nov 6, 2008 2:27am Nov 6, 2008 2:27am
Quoting Malaysia
Nice one!!! Reaching the DPP. Should TP already and excecute SFB by now. With tight SL.

Added Long when it fall back down from the initial Spike. Now Both should Take Profit already. What now? I am SHORT (SFB) at DPP.

T.A.Y.O.R.


OUCH... SHORT at DPP already hit tight SL... staying out for a while.
  • #19,614
  • Nov 6, 2008 2:35am Nov 6, 2008 2:35am
Me already in GJ - BFD ..
Now waiting for SFB EU , AU , GJ & GU

Maybe we will go to upper TL than down or maybe just 50.0 - 61.8 Fib retracement.

Look like me greedy already
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R1 BPL R2 FA R3 CL ALL still ON
  • #19,615
  • Nov 6, 2008 2:42am Nov 6, 2008 2:42am
Cable had a great support.. The trendline seems tough.. It shall direct to the BFD mode i think.. Look at the 4H chart, it such a promising formation at the last 16 hours. Price are in triangle mode and it shall break...

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  • #19,616
  • Nov 6, 2008 3:18am Nov 6, 2008 3:18am
Quoting GrodoT
Me already in GJ - BFD ..
Now waiting for SFB EU , AU , GJ & GU

Maybe we will go to upper TL than down or maybe just 50.0 - 61.8 Fib retracement.

Look like me greedy already

Patience - patience - patience Myself..
Waiting for SFB ...........come on BULL - make your last stance and run ..
R1 BPL R2 FA R3 CL ALL still ON
  • #19,617
  • Nov 6, 2008 5:53am Nov 6, 2008 5:53am
Everybody is waiting for the rate cut announcement.....Closed all my positions already....Too risky to trade and expecting wild price action....
  • #19,618
  • Nov 6, 2008 6:05am Nov 6, 2008 6:05am
Quoting wakli
Everybody is waiting for the rate cut announcement.....Closed all my positions already....Too risky to trade and expecting wild price action....
Down we goes...

p/s : kenyangnye makan pips...
R1 BPL R2 FA R3 CL ALL still ON
  • #19,619
  • Nov 6, 2008 6:19am Nov 6, 2008 6:19am
Quoting Malaysia
Tentative GBP MPC Rate Statement
7:00am GBP Official Bank Rate ??? 4.00% 4.50%

Preferably SHORT Cable or SELL FROM BOUNCE... the Cable been pricing in for that. However be careful with PRICED IN factor later on.

Quoting Malaysia
Ouch!!! Bloody SPIKE A few pips away to hit my SL at BE now Cable just can't go very high until the important NEWS from UK out on the field. It'll SHOOT UP or FREE FALL when the NEWS announcement is made. OR... the one I hate... WHIPSAW!!!


Told Ya!!! Mother of WHIPSAW!!! Within 15mins only... 200pips Down 200pips Up on CABLE.

7:00am GBP http://www.forexfactory.com/images/m...mpact_high.gif Official Bank Rate 3.00% 4.00% 4.50%

150 bp CUT!!! HUGE Cut!!!

  • #19,620
  • Nov 6, 2008 6:23am Nov 6, 2008 6:23am
Quoting Malaysia
Told Ya!!! Mother of WHIPSAW!!! Within 15mins only... 200pips Down 200pips Up on CABLE.

7:00am GBP http://www.forexfactory.com/images/m...mpact_high.gif Official Bank Rate 3.00% 4.00% 4.50%

150 bp CUT!!! HUGE Cut!!!


150bp CUT - seems will give reverse effect..it seems we gonna go up..
now market are digesting and think where to go , maybe after EU rate announcement we will now true direction ...
R1 BPL R2 FA R3 CL ALL still ON
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