I think you are on track. It has failed to get pass the resistance level @ 1.4420. If it fail one more time, I'll short this pair.

Part of it, yes. but Have to see this week housing will be green or not. Whether or not the US gov want to lie the market out then it is good. At least this prove their action true. Again those 2 giants are back by US Gov now, it is like MAS, Proton back by our gov. I guess it is a good sign.

Thx but I miss by 15 pips.

This post has been edited by billytong: Sep 8 2008, 01:14 PM

Good for the worldwide economy; especially when China has major holdings of Freddie and Fannies preferred shares and debt.

I'm working in a Bank, and I've just double confirmed with OCBC Foreign Currency Account. In order to open / maintained a Foreign Currency Account, you'll have to deposit USD2,000.00 (this only applies to USD currency = where all FOREX trade are being dealth with).

You might want to ask other local banks and see whether they have a lower deposit rate?

Hope this help.

@jbb_lkh
many thanks for that comfirmation.. but i dont have usd2000 T_T heh but helpful nevertheless as i was going to enquire.. Maybank needs USD1k.. i think i'll stick with maybank

Yeah, the 10yrs bond yield % are creeping down too, people are buying US bond like mad now.

There is ur top 4425-26, miss by 15pips ...sorry guys.

This post has been edited by billytong: Sep 8 2008, 02:22 PM

how much needed to maintain it?

Scalping mode on!

44389 EUR/USD Done Sell DAY Limit 1.4370 --- 1.4370 50,000 50,000 08/09/2008 14:33:59PM 08/09/2008 14:36:02PM ---
44356 EUR/USD Done Buy DAY Limit 1.4357 --- 1.4357 50,000 50,000 08/09/2008 14:29:04PM 08/09/2008 14:30:08PM ---
44316 EUR/USD Done Buy DAY Stop on Offer 1.4358 --- 1.4358 50,000 50,000 08/09/2008 14:23:18PM 08/09/2008 14:24:14PM ---
44208 EUR/USD Done Sell DAY Limit 1.4369 --- 1.4369 50,000 50,000 08/09/2008 14:11:09PM 08/09/2008 14:11:10PM ---

Total profit: 120 usd.




This post has been edited by AdamG1981: Sep 8 2008, 02:38 PM

good scalp to sell @ 1.4369 @ resistance level, too bad i hestate to pull the trigger. i have exit my trade open 1.4402 exit 1.4355

You did very well too. Good job!

I missed the 1.4420.

did you exit yr scalp trade around 1.4329 level, quite strong support level. i waitng for it to break this level , then i will short

This post has been edited by r326196: Sep 8 2008, 02:53 PM

Well I am holding a 4418 here with SL @ +1pip. Gonna try Hopefully praying to hold to new low below 4200.

Good luck. Hurricane IKE and OPEC are two uncertainties. I won't hold it till tomorrow though. Asian banks like to sell dollars to keep inflation in check.

Well force to Take 4 USD if it hit my SL.

I am well aware of those 2 cases. At this moment with FNM, FDM got back by Gov, it is a very good news to USA.

4310-15 was previous Resistant that I called b4. I guess it is the support now for temp

This post has been edited by billytong: Sep 8 2008, 03:02 PM

I wanted to buy @ 1.4324 but it rose so quick. So i just gave up. No more scalping for me. Going to relax.

for me i look for a restest at resistence level then pull trigger . lucky didnt pull my trigger to sell when it break 1.4328. it better to wait for the retest or consolidation , then i will short.

Good strategy.

@lowyat82

not sure hwo much to maintain.. i know when start need USD1k la.. ><

That being said 4310-20 is temp support. The next one should be final for EU 4280-90s. EU has dropped over 120pips time for a break. (timeout)

EDIT grammar fix.

This post has been edited by billytong: Sep 8 2008, 04:02 PM

Yeah, we have the GBP PPI coming out soon. Today was a glorious opportunity, but my internet sucks. Ruined my mood, oh well.

Good for you Billy. You made bank today, heh!