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 Forex | Version 8, Foreign Exchange Market Discussion

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FxPlayboy
post Jan 29 2011, 12:00 AM

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QUOTE(dreamZz @ Jan 28 2011, 11:21 PM)
via local IB?  IB= internet banking? it take only few hours? or 2-4 working days for instaforex  in order to update the account? tq~!
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I think he mean introducer broker/agent. They earn commission for referring customers to broker by assisting new customer registration/deposit fund.
FxPlayboy
post Jan 29 2011, 12:28 AM

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QUOTE(luqmanz @ Jan 29 2011, 12:15 AM)
I aim for the closest Pivot level. Get in at pivot level ... exit at the next closest pivot.
Always be ready if the price fail to reach your target pivot ... in such event .. reverse your position .. aim the closest pivot on the other side ...
With good MM ... your can still profit regardless of market direction ...

This method only work during active market with news .. never trade when the market for your pair is closed ... this method is best for volatile market like forex and futures  ... biggrin.gif .. i tried with stocks ... kinda hopeless ... hehehe


Added on January 29, 2011, 12:20 amThis week ... my profit is only 7% ... lol ... I messed up my Money Management this evening .. sigh .... mistakes .. mistakes ... must not repeat that ... today is the last trading day in Jan .. and my no-losing day streak is crushed ... must try better next time ... tongue.gif

Grrr
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Today GU S1 to pivot then U turn back from pivot to S1, S2. Thot you will profit? blink.gif

Anyway, 7% still good ah! Huat ahhh rclxms.gif
FxPlayboy
post Mar 3 2011, 11:12 PM

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QUOTE(luqmanz @ Mar 3 2011, 10:54 PM)
Ah ... no luck tonite .. seems like the rally failed ... but nvm .. still got another day to fight tomorrow ... biggrin.gif
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Hit your stop loss? Hope you still holding...
I just bought at 6265
FxPlayboy
post Mar 3 2011, 11:45 PM

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GU today really disappointing despite EU 100+ moves haha...

Tmr will be NFP news release @ 9.30pm msia time, so guys be careful as there might be another 100+ moves too xD

This post has been edited by FxPlayboy: May 14 2011, 01:05 PM
FxPlayboy
post Mar 4 2011, 09:11 PM

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I predict we'll get bad NFP data and good unemployment rate data thus mixed reaction causing the market move up and down. Probably go up at start then go down... Let's enjoy the show~
FxPlayboy
post Mar 4 2011, 09:41 PM

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smile.gif at this moment, looks like heading down liao haha
FxPlayboy
post Mar 4 2011, 10:13 PM

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QUOTE(maryjane9996 @ Mar 4 2011, 10:09 PM)
hey guys,im reading on TA now.theres so many strategy we can use to predict where is the market going.i would like to,which strategy is the most common,and accurate enough to make profit ? thanks
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S&R, Support & Resistance.
FxPlayboy
post Mar 5 2011, 12:22 AM

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QUOTE(maryjane9996 @ Mar 4 2011, 11:10 PM)
thanks will focus more on that strategy..thanks!
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also pivot point, daily and weekly OHLC lines too... anything else feel free to ask here
FxPlayboy
post Mar 8 2011, 10:08 PM

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To all bros who suffer lost, always be able to come back to trade next day wink.gif
FxPlayboy
post Mar 10 2011, 05:21 PM

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QUOTE(mamet @ Mar 10 2011, 04:43 PM)
wah so damn good ..  notworthy.gif
lend me 100usd can ar ??  tongue.gif 
lost mine yesterday, thinkin dat cable will uptrend
set tp but not sl, overslept, then.. kaboommm...  cry.gif
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On the good side, USD 100 to buy you a memorable discipline, that's pretty worth. Some people learn that lesson at a very expensive price. Next time you will definitely be much serious into trading.

QUOTE(kthnxbye! @ Mar 10 2011, 04:47 PM)
guys,any idea on EU ?
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If it doesnt close below S2, it will be heading up...

Cable news in less than 10mins, good luck guys.
FxPlayboy
post Mar 12 2011, 04:56 PM

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Learn to do analysis at babypips.com/school wink.gif

Learn support and resistance, important line and levels like daily/weekly high and low. You can expect the price to test this area to either bounce (rally) or penetrate thus create an up/down trend. Another important aspect is try to know the reason of the price movement.

Never predict but react to the price action esp candlestick analysis. It is the instant no lag indicator. Pay attention to the fundamental news too. For eg, ystday japan earthquake made their currency went up, nikkei stock pummel down. Alot ppl sell off JPY and got burnt and ask why the heck their currency not down? Currency it's self in simplest form is cash. One of the reason is investors sell off their Japan stocks for cash thus cash liquidity flows all over for JPY because JPY is a safe haven currency. We could have went further down on EU but sometimes mother nature can cause movement like these affecting 100 Bils movement in a single day.

Do pray for Japan.

FxPlayboy
post Mar 23 2011, 12:54 PM

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QUOTE(NINJIAO @ Mar 23 2011, 10:52 AM)
thumbup.gif

been stuck with EUR/USD pair since last week friday nite. LOL itchy hand go masuk sell order when i should have turn off the pc and sleep after meet my daily target. LOL somemore stupidly go revenge, place more sell order. Since monday no more capital to play because dun wan to close the trade(I am expecting it to fall to 1.410 range).
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Sad to hear that Ninjiao, but i hope you learn your lesson by reacting to the market, not predicting or speculate. The market is always right. Don't give up smile.gif
FxPlayboy
post Apr 1 2011, 04:30 PM

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QUOTE(luqmanz @ Apr 1 2011, 12:06 PM)
GBPUSD is still a buy ... biggrin.gif
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PMI news release few mins earlier, hope u didnt get burnt :/
FxPlayboy
post Apr 3 2011, 10:29 PM

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QUOTE(nshady @ Apr 2 2011, 01:05 AM)
I fail to understand regarding fibonacci retracement. Anyone can help me ?
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Sure, which part of it not understandable? The price cant just move one way forever, it needs to be retrace to balance up the supply and demand curve.
Elliot wave on wave 2 and 4 from babypips explain it quite well with examples why it retrace if that's what you are looking for.

Source:
http://www.babypips.com/school/the-5-3-wave-patterns.html
http://www.babypips.com/school/fibonacci-retracement.html


Added on April 3, 2011, 11:03 pm
QUOTE(Hunz @ Apr 2 2011, 06:30 PM)
i'm not too happy for now because i misplaced a sell on EU on friday.
I scare by Monday it suddenly spike up until no return sad.gif
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I feel you man, last time i did a mistake by placing a pending order WITHOUT SL and TP and overlook to delete it since my chart were too messy. Went to sleep that friday night, when i login to check again on weekend, i can't believe the order got triggered and i'm losing -30+ pips already. Can't close it since it's weekend so monday i woke up, it's -50+ pips by then and that moment was so hard to eat it up but i did close it eventually. The rest of the day, it went +75 pips IF i didnt close it. Damn geram...



QUOTE(MoneyMaker prince @ Apr 3 2011, 02:00 PM)
Hey guys, can you help me out here?

Not long a go, a bunch of my friends were discussing which investment is the best for fresh graduate. One of that suggested that forex is the best. He said that he knows the way to GUARANTEE earn by aiming 1 pip everyday if u have the money.(I dont know how he did tat even though he explained to me as I dont believe in such a way). I have gone through alot of books and seminars. Mr Milan doshi stated that forex is the high risk investment and only suitable for the rich ppl. Mr Robert Kiyosaki and Mr Donald Trump dint encourage people especially the fresh graduate to enter the forex market. My idea is to become a savvy investor we have to know the games we play. Ex for forex we have to know the money flow of the country with tonnes of study to do. But according my friend, his way does not need to study and jz a click of the mouse will make you earn.

All the master, can you enlighten me on my friend's statement? So that next time I can explain to him forex is not that easy as he thinks. Below are my doubts:

1. Is there really tat easy to earn in forex? I mean with the fluctuation and hardly predict flow of money.
2. Is this the type of investment suitable for fresh grad?
3. For those who oppose the idea / someone who active in forex, can u tell me the pro & con in forex?

Thank you very much  biggrin.gif
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Your friend probably doing something that broker hates a lot and consider illegal. I think he's placing his trade by comparing 2 broker data price feed (usually a faster and a slower connection broker). By timing it nicely, he will know the price of the faster broker and take advantage on the slower broker. Such act will usually get caught in 1-2 weeks.

To me, that's just cockroach act. Tell your friend to learn how to trade properly.

http://www.babypips.com/school/what-is-forex.html
http://www.babypips.com/school/advantages-of-forex.html

Why not you setup a free demo account and learn from there?

Bottom line: $ easy come, $ easy go. wink.gif



This post has been edited by FxPlayboy: Apr 3 2011, 11:03 PM
FxPlayboy
post Apr 12 2011, 09:16 PM

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Imo, your target few pips before ystd's high should be good enuf.
FxPlayboy
post May 5 2011, 10:20 AM

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QUOTE(itsmeefund @ May 4 2011, 10:13 AM)
hi. need help.
currently im comparing brokers; litefx and acm.
does any1 experience using either 1. mind to share?

i wanna know the bad things of both broker.


Added on May 4, 2011, 10:17 am

why illegal, mind clarify? hmm.gif
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Your answer, also google up review site like forexpeacearmy bout them.
FxPlayboy
post May 6 2011, 12:08 AM

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QUOTE(skcs1985 @ May 5 2011, 02:41 PM)
hi can anyone guide how to do a telegraphic transfer to my oanda account using maybank2u?

i went to maybank today, the manager told me i cannot do forex trading in malaysia and tell me its illegal so they wont do a TT for me
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Use maybank2u TT. Simple.
FxPlayboy
post May 7 2011, 12:46 AM

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Greece threathen to leave Euro zone. EU are in the making of reversal. Better not get yourself underwater with hundreads of -pips or margin call.

This post has been edited by FxPlayboy: May 7 2011, 12:47 AM
FxPlayboy
post May 7 2011, 02:00 PM

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Sounds good, what server & channel you hangout? See if i could drop by sometime when market stagnant.
FxPlayboy
post May 8 2011, 03:30 PM

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QUOTE(kevler @ May 8 2011, 02:26 PM)
try loggin into server below

dallas.ircforex.org
port : 6667

channel #forex
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Yeah,was hanging there sometimes.

If any of you dont have mirc, use web mirc also works.

http://webchat.ircforex.org/

i'm in channel #forex and #noob too to assist newbie. live interaction, live trading, live calls, winner or loser, doesnt matter, bcauz its fun.

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