Hi guys!!!
Very busy with my work lately....Anyway last week my trade are not as good as expected.....
Hope this week will be better.....
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Help needed in OANDA + users from Malaysia 105 replies
DislikedUh... non stop dropping. Should had just entered SHORT earlier on. Now a bitto enter SHORT. Where's the retracement?
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Dislikeddelete my PO order.. price seeing in bearish mode n thats not a very good entry..
placing 2 PO's at 1.9750 and 1.9700...
T.A.Y.O.R!!!Ignored
DislikedLooking at the Daily Chart... TECHNICALLY... this is when I usually go LONG with tight SL... good R&R ratio if that Support .. RBS... hold strong.
However, conflicting with my fundamental view to go LONG. News coming out later. I am more confidence to go SHORT on this pair rather than go LONG since it failed to penetrate the psychological Resistance last time at 2.0000. Perhaps... I shall wait for the BOUNCE or RETRACEMENT to go SHORT >>> SELL FROM BOUNCE.
OR... the action now seems PRICING IN for the NEWS. Perhaps... after the released... PRICED IN and start to shoot up IF fail to penetrate the RBS Support or 50% or 61.8% Fibbo... Then I might place LONG with tight SL below those supports.
I am still on the side... watching.
T.A.Y.O.R.
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DislikedThat's what I normally do. If got good position and green more than 30pips just right before the NEWS release... just place the SL at 1pip or BE. That should survive the volatility during the Release for CABLE and IF the NEWS if agreeing with the direction... wow weeee.... lots of profit to be harvested later.
But then... if the News the other way round. The SL will got hit... and nothing to lose. Just the strategy that I've been using all this while to catch those BIG MOVEMENT.
However, today I missed the opportunity to make an entry before the News. Now waiting the News Release to make an Entry... either LONG or SHORT... depending on the PA later.
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Disliked4:30pm GBP http://www.forexfactory.com/images/m...mpact_high.gif Industrial Production m/m -0.8% -0.1% 0.1%
4:30pm GBP http://www.forexfactory.com/images/m...act_medium.gif Manufacturing Production m/m -0.5% 0.0% 0.0%
No wonder CABLE been pricing in from Asian Session. BAD news from UK indeed. Why the heck I reacted late... seems like PRICED IN already
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