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Help needed in OANDA + users from Malaysia 105 replies

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Malaysia

  • #24,081
  • Nov 5, 2014 1:26am Nov 5, 2014 1:26am
Quoting Taiyin8
Anyone trades USD/SGD here? Inability for the pair to take off after breaking 1.2900 is disconcerting (and annoying).
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If you DON'T take into account the fact that USDSGD is a "managed float", USD actually has some scope to test 1.3000. Just draw a horizontal line at 1.3000 and look as far back as 2011, you can see there's a lot of history around that level.

But the problem is this: USDSGD *IS* a managed float. You don't know how MAS's basket composition looks like (you can guess) and how MAS manages its NEER band.

Already am seeing minor resistance between 1.2930-1.2940, which could mean anything but I'd like to think it's MAS slowing things down a bit. I would be very careful going forward and not load up any new longs.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #24,082
  • Nov 5, 2014 3:14am Nov 5, 2014 3:14am
Quoting Taiyin8
Anyone trades USD/SGD here? Inability for the pair to take off after breaking 1.2900 is disconcerting (and annoying).
It would probably go to as high as 1.3000, if it breaks, probably higher.
  • #24,083
  • Nov 5, 2014 7:38am Nov 5, 2014 7:38am
Quoting skenobi
{quote} {image} If you DON'T take into account the fact that USDSGD is a "managed float", USD actually has some scope to test 1.3000. Just draw a horizontal line at 1.3000 and look as far back as 2011, you can see there's a lot of history around that level. But the problem is this: USDSGD *IS* a managed float. You don't know how MAS's basket composition looks like (you can guess) and how MAS manages its NEER band. Already am seeing minor resistance between 1.2930-1.2940, which could mean anything but I'd like to think it's MAS slowing things down...
Thanks. I should think that MAS should want SGD be weak and manage it to be lower. Anyway, seeing some good breaks during the afternoon. Hopefully, a new base has been established.
  • #24,084
  • Nov 5, 2014 7:41am Nov 5, 2014 7:41am
Is it a good time for selling off the gbpusd ......... :O
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at last i`ve found a holygrail........
  • #24,085
  • Nov 5, 2014 5:06pm Nov 5, 2014 5:06pm
At the moment, I am looking towards a potential of bearish retracement trend scenario to perform wave 4 either in white or yellow. Otherwise we may see another spike to complete wave 3 in aqua before a possible retracement. Good luck.
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  • #24,086
  • Nov 5, 2014 10:43pm Nov 5, 2014 10:43pm
This is what I see currently..
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  • #24,087
  • Nov 6, 2014 4:40pm Nov 6, 2014 4:40pm
At the moment, I believed wave 3 was already completed and expecting market to perform a bearish retracement trend scenario to complete sub corrective wave a, b and c/4 either in white or yellow. Otherwise, please be careful for another bullish continuation trend scenario in aqua. Good luck and happy weekends.
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  • #24,088
  • Nov 10, 2014 4:53pm Nov 10, 2014 4:53pm
Favourably, I am looking forward for another bullish continuation trend scenario either tp complete a HnS corrective wave b in yellow or a double top before expecting a reversal trend. Otherwise, we may see another bearish retracement trend scenario to complete wave 4 in white. Good luck.
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  • #24,089
  • Nov 11, 2014 5:00pm Nov 11, 2014 5:00pm
At the moment, a pullback or a bull trap pattern would bolster either towards the alt count in yellow or white. Otherwise, we may see another strong bullish rally to complete wave 5 in aqua. Good luck.
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  • #24,090
  • Nov 11, 2014 5:25pm Nov 11, 2014 5:25pm
"i think sill on BUY GBPUSD.for GBPJPY what do you think? price i would like to see hit maybe 185.60 ..
"keep smile and have great on profit
  • #24,091
  • Nov 12, 2014 4:42pm Nov 12, 2014 4:42pm
Preferably, I believed market in progress either to complete wave 4 either refering to the alt count in aqua or yellpw before expecting for another bullish continuation trend scenario. Otherwise, we may see market to further going up to complete wave 5 in white. Good luck.
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  • #24,092
  • Nov 12, 2014 8:03pm Nov 12, 2014 8:03pm
Awwww super happy to hv found Malaysia thread! I'm currently shorting gbpusd, it might have a retrace and go lower...

happy trading everyone. I'm from Klang lol
  • #24,093
  • Nov 13, 2014 4:57pm Nov 13, 2014 4:57pm
At the moment, a breakout to the bearish continuation criticla line 1 would bolster towards either refering to the alt count in white or yellow. Otherwise, market may going up again to complete wave 5 in aqua. Good luck and happy weekend.
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  • #24,094
  • Nov 16, 2014 4:47pm Nov 16, 2014 4:47pm
At the moment, as long the bearish continuation critica line 1 is remain intact, market have potential going further up either refering to the alt count in white or aqua. Otherwise, I am looking forward market to falls down refering to the alt count in yellow. Good luck.
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  • #24,095
  • Nov 16, 2014 6:42pm Nov 16, 2014 6:42pm
Hi jebat. I want to pm u but i received page error.
  • #24,096
  • Nov 17, 2014 4:39pm Nov 17, 2014 4:39pm
Preferably, I am looking toward a potential of a bearish continuation trend scenario to perform subwave 3 refering to the alt count in white. A valid HnS pattern and a breakout to the aqua critical line would bolster to this scenario. Otherwise, I believe market will going up either to complete a "triple top" in yellow or wave 5 in aqua. Good luck.
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  • #24,097
  • Nov 17, 2014 4:42pm Nov 17, 2014 4:42pm
Quoting dindang2win
Hi jebat. I want to pm u but i received page error.
Hi, maybe your browser got problem or pm function got compatible issue. What assist I can do for u anyway ?
  • #24,098
  • Nov 17, 2014 8:10pm Nov 17, 2014 8:10pm
Hello all, i'm also from Malaysia and my name is Ivy, nice meeting you and is great to see that we've a thread on our own here

I wonder if anyone knows how do I transfer money to Israel? Any idea since western union and bank wire is not possible here?

thanks a million!
  • #24,099
  • Nov 17, 2014 8:44pm Nov 17, 2014 8:44pm
Quoting stanvy
Hello all, i'm also from Malaysia and my name is Ivy, nice meeting you and is great to see that we've a thread on our own here I wonder if anyone knows how do I transfer money to Israel? Any idea since western union and bank wire is not possible here? thanks a million!
One suggestion:

1. Find a neighbouring country with normal diplomatic relations with Israel (I know the answer but not my job to google it for you)

2. Take a weekend out to go there.

3. Use Western Union from there.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #24,100
  • Nov 17, 2014 11:03pm Nov 17, 2014 11:03pm
Quoting skenobi
{quote} One suggestion: 1. Find a neighbouring country with normal diplomatic relations with Israel (I know the answer but not my job to google it for you) 2. Take a weekend out to go there. 3. Use Western Union from there.

thanks skenobi, it means there's no other way than flying to neighbor country? that's tough though...
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