Aiyo, i try to short GBP just now @ 1.7920 and buy back @ 1.7890; my brokerage say error, insufficient funds! APALA..stupid technical glitch.

Shorted GBP @ 1.7823. Hoping to see another 100 pips decline!

Holding tll after ISM is released.


This post has been edited by AdamG1981: Sep 2 2008, 08:43 PM

The best strategy Kelvin, is to sell after a retracement in a drop. Or sell relief rally.

Dollar superbull

So far i won $600. Hopefully will surpass 1000 this week

Closed my position for a 26 pips profit. Triggered stop.

I long GU, 1.7865. The selling of GBP should gradually stop. Back up now?

Yeap, i shorted instead. I guess not good to catch falling knife. Hehe....

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Added on September 3, 2008, 5:02 amI have a big hunch that BoE is going to reduce IR this coming thursday. Anyone think so?



This post has been edited by AdamG1981: Sep 3 2008, 05:02 AM

Dr2, the reason why inflation is up because Malaysia is an export country for commodities only. That's why when commodities was on a rise, companies like IOI is doing well. Unfortunately, we still have to export big cost items in USD such as computers, heavy machinery used in construction, and so forth. Hence, a lot of Malaysian banks are dumping ringgit due to Malaysia's inability to tackle inflation.

Not only that, many of our local companies have debts in US Dollars, such as AirAsia. And with AirAsia hedging the dollar, the current rise of dollar is forcing AA's share to drop due to the bigger increase of AA's debt.


Scalping mode for me. Time to make some serious bang for my buck.

30441 GBP/USD Done Buy DAY Limit 1.7744 --- 1.7744 50,000 50,000 03/09/2008 14:57:35PM 03/09/2008 14:57:54PM ---
30305 GBP/USD Done Sell DAY Limit 1.7760 --- 1.7760 50,000 50,000 03/09/2008 14:35:07PM 03/09/2008 14:47:33PM ---
30254 GBP/USD Done Buy DAY Limit 1.7739 --- 1.7739 50,000 50,000 03/09/2008 14:25:59PM 03/09/2008 14:27:01PM ---
30220 GBP/USD Done Sell DAY Limit 1.7746 --- 1.7746 50,000 50,000 03/09/2008 14:21:40PM 03/09/2008 14:21:51PM ---
30166 GBP/USD Done Buy DAY Stop on Offer 1.7752 --- 1.7757 50,000 50,000 03/09/2008 14:12:00PM 03/09/2008 14:15:18PM
29036 GBP/USD Done Sell DAY Limit 1.7812 --- 1.7812 50,000 50,000 03/09/2008 08:57:03AM 03/09/2008 09:02:51AM ---


Total pips: +78 pips; USD 390 net



This post has been edited by AdamG1981: Sep 3 2008, 03:15 PM

Winning and losing part of the game.

Yes, there's an article mentioning that couple of UK banks sought help from BoE due to US credit crisis. Not good for the GBP.

WARNING: ADP employment might come out postivie for US.

Do not stay in the way of USD superbull.

Short Euro, Short GBP, Short AUD

Ferocious bull coming!

Oil going to go down big time today after the inventory report!

This post has been edited by AdamG1981: Sep 3 2008, 07:53 PM

My stop loss is 60 pips. The price cannot go over 200 ema @ 5 min chart.

Nobody wants to go long when BoE meets tomorrow; especially when most likely they will be pressured to cut interest rates.

Oops i got stopped out. Loss USD 300, quite a big gap. Oh well..

What data?

I am stepping away from today. Too volatile, too risky.

I will focus on Malaysia's FKLI and Nasdaq for the time being.

This post has been edited by AdamG1981: Sep 4 2008, 08:20 AM

Fundamentals determine the primary long run trend, technicals determine short term trend aka market sentiment.

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Added on September 4, 2008, 9:16 amYes, i shorted 1 lot at 1059, keeping it till the end of sept.

Now 1 lot is MYR 4000 requirement.

Anwar might topple the government, if that happens, 100 points drop.



This post has been edited by AdamG1981: Sep 4 2008, 09:17 AM

I have to disagree with you here Billy. UK is entering a recession and is starting to feel the effects of the collapse of home prices. And EU, its entering a recession. Commodities is already collapsing since China, Japan, USA, Euro, UK pmi all showed signs of contraction. Therefore, the only safe haven is the US dollar and US equities. Never once, did the US government declare bankcrupt.

US is a safe haven due to its history of transparency and laws (well not perfect) but you get my drift. Compare to emerging markets, US mart is cheaper than the rest of the world considering the risks involved. Look at Russia when it attack Georgia.

Euro 1.4 year end, GBP, 1.7

That's why i encourage people to invest overseas. Do not invest in our KLCI.

Look at ETFs, MSCI STI futures, and US dollar and equities. You want an instrument that has less risk and yet a somewhat good return.

I bought E*trade yesterday at 3.33. Shifting my money out from Malaysia to purchase ETFs.