SL hit -70 pips....
billy...do you know the news already that will lead to positive in currency?

if u know can u tell me how?

startin d day wit -ve usd9+...lol..

just my little finding on GJ

GJ usually have small range from up n down of 30 pips or 30 pips in between of support n resistance (+ - duno how many pips).....and avrage 60 pips (+ - duno how many pips) before retrace.....not necessary accurate just for u as reference

i think maybe abit similar to billy's number on EU to detect support n resistance....but i use pips instead of numbers

This post has been edited by dr2k3: Aug 6 2008, 10:29 AM

Thats why I said xxx/jpy pairs are up.


What news u are referring? FOMC or all news?

><

u did say xxx/jpy but then u add another yen up behind jpy ...so i confused

my bad

last night news...

do you know already that it will a good news ?
from what i understand now...they are going to strenghtening the USD....but usually Monday - tuesday it selling time (from what i see la...) and Wed till Thursday will be buying time....(this case, everyone want take the Double Swap..bla bla bla)and Friday will be selling time....

if USD are going strong...then Euro and Japan will follow rite?....
and i think i read it in this thread...IF NFP and CPi or GDP....+ve...so the next coming week, all the news MAYBE (i think 80%) will be in +ve...

please correct me....cause im really blind in fundemental...can ask me if u want me to understand...some sort like quiz la....

This post has been edited by normeck: Aug 6 2008, 11:44 AM

no one will know wether its good news or bad news before news release unless he or she has connection with the fed

market not necessary move the way according to news, even bad news for US, the UJ also can move up

learn to trade bigger time frame n u wont have to worry about news anymore

This post has been edited by dr2k3: Aug 6 2008, 10:59 AM

no basically it is just a typical FOMC meeting.

Yest Fed reinforce their statement by saying they are not gonna rise rate this soon. This is widely expected and I already know just a common sense, U cut rates like mad now u rise back? It is like shooting ur own toes proving ur previous action is wrong etc. With higher unemployment + red NFP + very bad US financial market I highly doubt the Fed will raise interest rate in this yr. It is just screwing up their initial plans if they raise rate this early.

Another thing Fed is also telling there is inflation concern (which is USD supportive) that they are well aware of it. <---this statement is to keep the USD to keep sliding down too much.

then they said about USA economic growth issues, which further reinforce them that they are not rising rates.

To sum it up. Fed is not rising rates now or in near future and they are also not cutting rates. So the Faith of xxx/USD pairs is now highly depending on the xxx economy. In my case is Europe.

wa.... so efficient.... today already trasnfer d money... hmm... based on today buyin TT rate ( 3.244), dat means they onli charge me rm5??? (350 x 3.244 = 1135.4) ; 1135.4 - 1130.4 = rm5.00

which broker u deal with so fast one o_O

anyone care to explain to me about the double swapping thing?


This post has been edited by dr2k3: Aug 6 2008, 11:08 AM

mine is from ODL...

i wonder how much fxcm charge...

wat double swappin? u mean overnight interest?

u need to notarized ur photocopy passport for ODL?

i.c. n driving's license... i think all of regulated broker will ask d same thing..

well i found a few broker require u to notarize ur IC/driving license photocopy......means still need to goto lawyer or something like that

one day only??..wow so fasttt

faster than local interbank transfer ~_~

RM1k....teh tarik will be ok isn't?

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Added on August 6, 2008, 12:17 pmhow to read stock?...i mean impact from the stock....
impact from Nikkei >impact from FTSE > impact from DJ?
or Impact from DJ > followed by Nikkei > followed by FTSE?

This post has been edited by normeck: Aug 6 2008, 12:18 PM

LOL... you're incredble.. can he pick them or what ?

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Added on August 6, 2008, 12:50 pmSee what I mean ? he can tell where it turns around


This post has been edited by wodenus: Aug 6 2008, 12:50 PM

not really turn around, i call it retracement price lvl

huhu,... if u drop by at kl... no prob 1.. ^.^