The WoRmHoLe

Ummm...yeah.... .....right... ...LOL

lol
so how's your day coming bro? In any trades yet?

Here's why I went long dragon


By Agence France-Presse, Updated: 2/24/2010

Malaysia says economy out of recession


Malaysia's economy has recovered from the global crisis and could expand by 5.0 percent this year, premier Najib Razak said Wednesday after announcing strong growth in the three months to December.

The fourth quarter expansion of 4.5 percent was much healthier than expected, and represented a rebound after three consecutive quarters of contraction.

"Overall, the Malaysian economy has turned around and recovered from the implications of the global crisis," Najib told a press conference.

The premier credited stronger external and domestic demand, stimulus spending, measures to ensure access to financing, and "accommodative" monetary policy for the resumption of growth.

"For the year 2009, the economy contracted by 1.7 percent, lower than negative three or four percent that was projected earlier," he said.


"The accelerated implementation of the government's two stimulus packages has been a key factor in contributing to the economic recovery."

Asked whether Malaysia can achieve 5.0 percent growth for 2010, Najib replied "Yes".

"We are quite bullish about it. Earlier we forecast 4.0 percent, I hope we can achieve 1.0 to 2.0 percent above it. I'm going all-out to generate confidence and speedy implementation of projects," he said.

Najib said that Malaysia's exports, which the economy is reliant on, recovered to expand by 5.1 percent in the fourth quarter compared to a 22.4 percent contraction in the previous quarter.

The central bank said the country's economy is benefiting from an improvement in external demand, particularly from regional economies, and stronger commodity prices.

"The improvement experienced in the second half of 2009 is expected to strengthen in 2010," Bank Negara said in a statement.

"Higher domestic demand, particularly private consumption spending, is expected given the stable labour market conditions, improved consumer and business confidence, and continued access to financing.

"Further improvements in external demand, following the gradual recovery in the global economy, is also expected to provide further impetus to the domestic economy."

bahahahahahaha

dragion long: wb that long is a deviation from your technical strategy isnt it? since its purely fundamentals based

Adjusting stops. Forgot about the data coming out later.

GBP JPY

1. long @136.48 sl @136.25 (0.1)

Eur Usd

1. long @3496 sl @3440 (0.1)

lol shades no, I was joking with that article
Note these counter trend trades I took, I'm only risking a small part of what I had banked earlier ( i think in total i'm risking less than 100usd ). So absolutely no fear of losing.
I'll put up a chart later, the ladyboss is yelling asking me to feed my son.! Later!

Naa buddy, not yet. Now it's time for me to be as careful as I can be. Here's why...

http://www.forexfactory.com/showpost...&postcount=918

didn't see ur post. i'm going opposite this time..

[email protected], [email protected], [email protected], [email protected]..

Pound faces a 'savage' reaction if deficit cut too aggressively, UBS warns
There will be a run on the pound if the next Government tackles Britain's deficit too aggressively, one of the world's largest currency traders has warned.
Published: 2:04PM GMT 24 Feb 2010

With the economy barely crawling out of recession, a rapid fiscal retrenchment would be treated to a "savage" reaction in foreign exchange markets, according to a new report by strategists at Swiss bank UBS.

Taking too sharp an axe to the deficit - projected to reach £178bn this year - would "endanger tax revenues, Britain's sovereign rating, the recovery of the banking sector and the UK labour market," the strongly-worded report argues.

Such a scenario would transform the pound's steady and welcome decline since the start of the financial crisis into something much more dangerous, the report's authors, George Magnus and Mansoor Mohi-uddin, claim, as scepticism about the ability of Britain to repay its debts would increase.

"The severe fall in sterling after such a policy mistake would reflect a crisis of confidence in Britain's policymaking," the report says.

With confidence in British policymaking gone, the pound would risk plunging to $1.05 against the dollar and slumping beyond parity for the first time against the euro. Sterling was trading at $1.54 against the dollar and 88p against the euro in early afternoon trading on Wednesday.

The report comes as a blow to the Conservatives who are staking their claim for economic competence on the argument that a failure to take immediate and aggressive action on the deficit will tip Britain back into recession. Gordon Brown is trying to win round voters with the opposite argument.

Trade closed


GBP JPY

1. long @136.48 closed @136.94 (0.1)

Good luck to both of us I guess
Chart below shows why I bought.

hey Happy Birthday bro!
man you shouldn't be trading today!

Thanks Azim

I been waiting for this day for a while bro. No better date to settle into my new routine...LOL

(besides I don't have much else to do)

bulls are getting slaughtered by dragon.

here's the reason why i go short..
damn.. i thought news was going to help me to hit my 1st tp..

http://i42.photobucket.com/albums/e3..._25Feb10-1.jpg

Adding shorts on GbpUsd, EurU and Audu here, news are bearish for Usd but looks like they actually loaded other buys on the dollar. We can break the lows again today.

What does "<4:52" mean? I saw this kind of info on more charts.

that's the time left to complete the recent candlestick..