I don't know about oanda. If you do TT through Maybank2U, they will charge you RM10 and then the receiving bank (in US) will charge you US$25. I haven't done any withdrawal yet because I am only playing mini-account.

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Added on August 25, 2008, 3:23 pmr326196

You got PM.

Cheers

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Added on August 25, 2008, 3:26 pmLong EU @ 1.4723 when the current hourly candle turn green. Now moving SL to BE. TP when it get close to daily pivot.

This post has been edited by AskDS: Aug 25 2008, 03:26 PM

Yes. According to the InterbankFX wired withdrawal form, it stated that US$25 will be deducted from the withdrawal amount.

Not sure if Maybank2U will be charging for any incoming TT.

Agreed. No pain no gain

Just my 2cent on this.

If you have a good trading strategy and probably a good system, you'll probably be able to earn back the charges in not time even with a mini-account. Consider that EU pair has the lowest spreads and it move on average 130+ pips a day.

I am not aware of any other broker that will provide a lower charges for deposit and withdrawal. Good luck in finding one.

I can't see it going pass 1.4750 yet. Wonder if this is good time to close since the volume is low due to market close in London.

Closed my position on EU for 20pips. Time to go home.

This post has been edited by AskDS: Aug 25 2008, 05:33 PM

Anyone caught the downward move of the EU after the news? Came back to my desk after meeting and saw it drop. Too late to get it now. Now wait for the US news tonight (New Home Sales) to see if this will bring EU down to 1.45 or lower.

Free services. Go to this page http://www.forexfactory.com/

Opps, just saw mphpopular already posted it.

Most MT4 platform also has the news section. However, by the time it comes it might be a bit late as the move will most likely started.

This post has been edited by AskDS: Aug 26 2008, 05:45 PM

LOL, we use the same source for news huh!

I normally open up that page 30 minutes before the news and then keep refreshing it. The only challenge is that everyone is doing the same and it alway overload the server. By the time I got the update it is usually a minute or two late.

Is there other source for up-to-date news relay?

Thanx

That's what I do now. Just click n the green button. Still not as instance as I expect it to be but close.

Shorted EU during the free fall and now in green pips. With oil dropping and negative EU news, I think it can go lower, possibly 1.4750. Beyond that it will depends on the US news coming later.

Oops, I mean 1.4570 (not 1.4750). It is getting close to that level now. I will exit when it get very close to daily S3.

It touches 1.4750 momentarily and then retrace. I close mine for 30+ pips. Now waiting for the news.

This post has been edited by AskDS: Aug 26 2008, 08:29 PM

This is how I read it. It depends on the fundamentals of that indicator, if the actual is better than forecast and previous data, then trader will react positively to that currency and go long. Conversely, if the actual is worse than forecast and previous data, trader will normally short that currency. If it is equal, then it depends if the market has factored in the fundamental of this indicator and the currency can go either way.

I shorted EU after it bounced off the 61.8% retracement fib level since the last swing low. Waited patiently for oil to come back down from 117.8 and now in green pips. Will move SL to BE when oil move pass 115.0. Hoping to have a positive FOMC minutes and see EU dive!

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Added on August 27, 2008, 1:20 amI got burned by GJ before and I am staying away from it. I now only trade EU and making small profit every day.

Cheers.

This post has been edited by AskDS: Aug 27 2008, 01:20 AM

Oil is still going up? Any reason why you close so early? Trying to learn something from here since I didn't close when it reaches the upper band.

Thanx

Agreed, the trend is not clear at the moment. Your approach is still the best. Take whatever is on the table and there is always another opportunity. I exited with 20pips gain first and now looking at the price of oil to decide whether to re-enter long. I think oil price can still go higher.

1. You can use ibfx with a mini-account but trade in 0.01 lot size which is like a micro-lot
2. I think the standard leverage for min-account for ibfx is 1:200. If you want lower, I think have to look at other broker.
3. Forexfactory.com is the most popular but during news time it can be quite congested. I am still looking for alternative source.

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Added on August 27, 2008, 5:41 pmMSNBC reported this just now.

PORT-AU-PRINCE, Haiti - Tropical Storm Gustav was losing steam early Wednesday as it moved through the Caribbean a day after hitting Haiti as a hurricane.

But the storm could regain hurricane strength later in the day or on Thursday once it clears Haiti, the National Hurricane Center in Miami said.

As of 2 a.m. EDT Wednesday, Gustav's maximum sustained winds had decreased to 60 mph with higher gusts. The storm was centered about 80 miles west of Port-au-Prince and moving toward the west-northwest near 5 mph.


This post has been edited by AskDS: Aug 27 2008, 05:41 PM

You mean if it passes 1.4711 below the 50 SMA, it will move downward? This is what I see in 5m TF.

But on the 5m TF I also see a flag and it is going to break anytime soon.

OK. it break on the high side and now going up. Could this be due to oil price keep going up?

Hmm, I see 1.4760 is one of the previous resistance level. OK. I am in and in green pips now.

Closed my with 36 pips profit. It didn't go pass the weekly pivot so I not taking chances. Oil almost break yesterday high of 117.875 but pull back. If it continue going north, I would have waited for EU to reach the 100% fib level. Never mind, another time then.

Waiting for 8:30am news now.

Good call.

Got stuck in the heavy rain traffic and couldn't get home in time for the 8:30am news. Anyway, glad that I was out earlier and now long again since the price has bounced off the 61.8% fib level. Scalping for a few pips now. Maybe more. Oil just shoot up above 119.0!

This post has been edited by AskDS: Aug 27 2008, 09:14 PM

I think he mean long. GU is on going up north. So is EU now.

Oil price just touching 120. I think EU will go higher. Hopefully it can crosses daily R1 and beyond.

This post has been edited by AskDS: Aug 28 2008, 09:08 PM