Here's the one trillion dollar question:

Who's economy is declining more rapidly? U.S, Euro Zone, UK or Japan?

after hurriacane Ike, i think US ><

Hi kelvin...do u know where to find it in oanda application? i can't find an option for me to click for showing the bollinger band or pivot chart..where to click it ar? 10s in adv

@dreamzz
u c the bottom of the application.. there is a button called add study... everything is there =) i'll upload a screenshot for u soon..

Edit
Here's the screenshot

[attachmentid=592166]

This post has been edited by kelvin_tan: Sep 14 2008, 11:45 AM


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Finally i got it...Thank's alot kelvin..u info is highly appreciated..

@dreamzz
no problem and happy pipping =) it does take some time to get used to the oanda platform..

@others
What time does trading resume?

This post has been edited by kelvin_tan: Sep 14 2008, 01:32 PM

Monday morning 5 or 6am MYR. DIfferent broker got different open time

thanks..will be hunting it tonight

gap will happen tomorrow for GJ?

i'm aiming for the USD as tomorrow they gonna announce the fate of lehman holdings.. =)

actually normeck.. y dun u aim for EJ instead of GJ? the spreads in EJ is lower and it is just as volatile..

hm...the fate of Lehman wouldnt really change the direction of the current trend, nor is it the factor of the turning point. Lehman is down, that's already a fact, and that the credit crunch is not a new story. Now, it's back towards micro and macroeconomics ... The unexpected low retails tells another story of the US economy. With lower PPI and lowering commodity prices, the next thing to note on is the export data and manufacturing index. And ofcourse, the Fed will announce the new rate. Inflation vs Growth, which will they pick? (Personally, i prefer growth )

Actually normeck did answer the question a couple of times, normeck love the volatility of the GJ instead of EJ, it apply the same with me, the GJ can make a move of 200 pips in juz a half hour. It is more volatile, but for sure, you bear the bigger risk.

So trade at your own risk. And for my own, I prefer to trade GJ instead of EJ bcoz I found that GJ more easier to trade with. Hehe

I am going to stop loss on my EJ.. waiting for my brokerage to open up.

Lehman can go kiss my yellow a$$.

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Added on September 15, 2008, 6:25 amhttp://www.cnbc.com/id/26706447/for/cnbc/

This means bankcruptcy for Lehman. It's only pending announcment.

This post has been edited by AdamG1981: Sep 15 2008, 06:25 AM

Exit my Shorts with RM12K profit on the dip to 4310 just now. The USD gonna get kill with the cuts, if FED cut we will see 1.45, if someone buying Lehman than we might see the return of bear.

This post has been edited by billytong: Sep 15 2008, 08:58 AM

perghh...nice trade bro ...congrats

@small-jeff
yes i agree that it doesn't change the trend overall but it does affect.. as i dont leave my trades open for more than a day (usually 1-2 hours).. that small effect is indeed my source of earning.. here's a link to the news..

http://www.bloomberg.com/apps/news?pid=206...IkJ4&refer=home

Lehmann is dead. Merrill got lucky. Either way, it's not a good sign for the dollar if every financial stocks in the US is having a problem.

Thats the whole idea why I look for a dip and take out all my high level shorts.

We have FOMC interest rate later on Tuesday, they might now plan to cut the rates this time. But what they said from their mouth could damage the market. For example, if they say is giving anyone any sigh of cutting rates are in their mind. You could possibility think the market will buy that believes and send the USD to graveyard again. USD graveyard means Gold, Oil will be back in business. With OPEC cut the oil production, Ike etc. And it also mean the other part of the world will face inflation again.

Secondly Then at the same time the Europe slow down is bad, their economy is slowed, but the last month oil has dropped considerably, which also mean all the bad things will not be as bad as expected. Bad things will be cool down.

Thirdly, The lehman issue is up to the US treasury want to help them or not. From what I am told the US Treasury said they are not helping them, instead Lehman now will rely on other banks like Citigroup, JP morgan, goldman sanch etc to bail out them. If there is no one buying Lehman's Debt, a bankcruptcy from Lehman would signal that the next Bank who might face debt issue will end up bankcrupt also.


If put all this things together, they are not help USD either, which also mean it is time to TP on Swing shorts. I might not be trading b4 the FOMC, Gonna take holiday for a while unless the market shows me good position to take.

This post has been edited by billytong: Sep 15 2008, 09:56 AM

Same here, skipping this week's trade.

today i post some info about my trading...
still trading with caution and play with hedging....



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