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 Forex Version 10, Foreign Exchange Market Discussion

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tom_87
post Oct 17 2012, 02:09 PM

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QUOTE(kevler @ Oct 17 2012, 10:20 AM)
currently USD index ( USDX) are levelled at 79.14

congrats for those who gain on buy for pairs below

GJ EJ GU EU AU

:-)
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hye...what kind of technic are u using?
zeling89
post Oct 17 2012, 02:47 PM

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QUOTE(zeling89 @ Oct 17 2012, 04:56 AM)
Didn't had time to update,
I entered 3 trades yesterday, EU,GU already TPed.

My current open position is on AU. Any thoughts? Not much movement on this pair yet.
Position: Buy
Entry: 1.0270
TP: 1.0350
SL: 1.0220

[attachmentid=3104985]
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update:
move SL up to: 1.0275
risk level: none (locked 5pips)




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TSkevler
post Oct 17 2012, 02:49 PM

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QUOTE(tom_87 @ Oct 17 2012, 02:09 PM)
hye...what kind of technic are u using?
*
EW , BW chaos , and now i'm learning price action

below is the sample chart i'm analyze now smile.gif

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tom_87
post Oct 17 2012, 03:04 PM

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QUOTE(kevler @ Oct 17 2012, 02:49 PM)
EW , BW chaos , and now i'm learning price action

below is the sample chart i'm analyze now  smile.gif

Attached Image
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huhu...i didnt even know what ew and bw means...
TSkevler
post Oct 17 2012, 03:10 PM

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QUOTE(tom_87 @ Oct 17 2012, 03:04 PM)
huhu...i didnt even know what ew and bw means...
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EW = Elliott Wave
BW = Bill Wiliam Chaos


try to learn this
http://en.wikipedia.org/wiki/Elliott_Wave_Principle

http://www.alpari-us.com/en/alpari_academy...s/overview.html
zeling89
post Oct 17 2012, 03:24 PM

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eyh kevler and tom87, u guys are early today. haha.

any trade ideas for today?
cant find any yet except buying NZDUSD on H4.
what do you guys think?


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TSkevler
post Oct 17 2012, 04:07 PM

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QUOTE(zeling89 @ Oct 17 2012, 03:24 PM)
eyh kevler and tom87, u guys are early today. haha.

any trade ideas for today?
cant find any yet except buying NZDUSD on H4.
what do you guys think?
*
NZUSD H4 -
user posted image

still bearish (from what i see in chart above)
zeling89
post Oct 17 2012, 04:27 PM

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QUOTE(kevler @ Oct 17 2012, 04:07 PM)
NZUSD H4 -
user posted image

still bearish (from what i see in chart above)
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aah cool thanks for the heads up. my initial idea was put a pending buy order @ 0.8190 if it breaks my pivot. maybe i can take a quick short. biggrin.gif





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TSkevler
post Oct 17 2012, 04:34 PM

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QUOTE(zeling89 @ Oct 17 2012, 04:27 PM)
aah cool thanks for the heads up. my initial idea was put a pending buy order @ 0.8190 if it breaks my pivot. maybe i can take a quick short.  biggrin.gif
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for that ..if i wanna trade NZUSD , i will put my PO buy at price between 0.824x and 0.826x ..

need chartist to perform some scribble on trendline so we can get clear view on this :-)

PO = pending order
boyvai
post Oct 17 2012, 05:05 PM

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QUOTE(kevler @ Oct 16 2012, 11:06 PM)
USD index is my main indicator

currently USD index at level 79.47 ...if it break below 79.33 ..i think most of us will start to buy EU dan GU :-)

plz refer to my postings on USD index ..u will understand the value of this index

my formula

dollar index down (if vice-versa, just change it to sell/buy trade)
===========
buy EU
buy GU
buy AU
buy NZUSD
sell UJ
sell UCHF
sell UCAD
buy Gold
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Forex Correlation.
got indi for this.buy i forgot where is it.
very good tips kevler thumbup.gif
solstice818
post Oct 17 2012, 05:07 PM

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QUOTE(zeling89 @ Oct 17 2012, 02:47 PM)
update:
move SL up to: 1.0275
risk level: none (locked 5pips)
*
You should be glad that your risk is zero. A lot of traders lose money this week.

Market is a bit odd at the moment. The gold trades yesterday earn some pips but it went up again today.... Let's see what happen next week.

I m out for this week.


Added on October 17, 2012, 5:15 pm
QUOTE(kevler @ Oct 16 2012, 11:06 PM)
USD index is my main indicator

currently USD index at level 79.47 ...if it break below 79.33 ..i think most of us will start to buy EU dan GU :-)

plz refer to my postings on USD index ..u will understand the value of this index

my formula

dollar index down (if vice-versa, just change it to sell/buy trade)
===========
buy EU
buy GU
buy AU
buy NZUSD
sell UJ
sell UCHF
sell UCAD
buy Gold
*
Where to get this USD index?


Added on October 17, 2012, 5:18 pm
QUOTE(foccacia @ Oct 16 2012, 08:20 PM)
Hi All, I like to start trading in forex but I am a complete newbie with 0 experience.

I read some post regarding micro accounts with only 100 USD to trade with. Can someone recommend me trusted websites who has demo accounts or these micro accounts?

Some strategies I read is never risk more than 2% per trade, but I feel without proper experience, reading the theory does not do much good.

Any help will be very much appreciated!  biggrin.gif
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Try out demo first. Try various brokers' demo to find out which suits you best.

Demo for at least 6 months before u go live. And even then, trading live is so much different from demo. Start off with small capital.

QUOTE(AraBaMaSaNa @ Oct 17 2012, 12:13 AM)
Hi,

Im new in forex and dont have any experience trading

I just tried a demo account which i download from the website

is it everytime we buy or sell also will start with negative amount ( - )  ?

just like i buy or sell with size 0.01(10 cent) in EURUSD everytime will start with -16 (is it normal)?

mean i start the deal from -1.6 usd ?
but when i directly close the deal and it just cost me 0.16 usd

i dont understand about this

can any1 explain to me please?
Thx alot
*
It's the spread broker charged on you.

This post has been edited by solstice818: Oct 17 2012, 05:18 PM
TSkevler
post Oct 17 2012, 05:26 PM

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QUOTE(solstice818 @ Oct 17 2012, 05:07 PM)

Where to get this USD index?

From MT4

Click File > New Chart > Indices > #USDX
zeling89
post Oct 17 2012, 05:27 PM

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QUOTE(solstice818 @ Oct 17 2012, 05:07 PM)
You should be glad that your risk is zero. A lot of traders lose money this week.

Market is a bit odd at the moment. The gold trades yesterday earn some pips but it went up again today.... Let's see what happen next week.

I m out for this week.
i'm a quite defensive trader. after my trades move into my favour, i'll lock in some pips and let it run.

yea sometimes gold bites. :/

solstice818
post Oct 17 2012, 05:30 PM

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QUOTE(kevler @ Oct 17 2012, 05:26 PM)
From MT4

Click File > New Chart > Indices > #USDX
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Cant find "indices" what broker you using? Thx for replying smile.gif
TSkevler
post Oct 17 2012, 05:31 PM

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QUOTE(solstice818 @ Oct 17 2012, 05:30 PM)
Cant find "indices" what broker you using? Thx for replying  smile.gif
*
Instaforex
tom_87
post Oct 17 2012, 05:31 PM

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QUOTE(zeling89 @ Oct 17 2012, 03:24 PM)
eyh kevler and tom87, u guys are early today. haha.

any trade ideas for today?
cant find any yet except buying NZDUSD on H4.
what do you guys think?
*
bust my account already...huhu...need to learn about MM more i guess...huhu
solstice818
post Oct 17 2012, 05:31 PM

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QUOTE(zeling89 @ Oct 17 2012, 05:27 PM)
i'm a quite defensive trader. after my trades move into my favour, i'll lock in some pips and let it run.

yea sometimes gold bites. :/
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I m that type too. It's just that sometimes when Spike happen, it hit the SL at BE then went up again in profits and I was angry at myself for putting SL. Happened quite few times to me... laugh.gif Now I dont put BE anymore...At least +1 to console my soul that at least I still earn one freaking pip laugh.gif laugh.gif laugh.gif


Added on October 17, 2012, 5:32 pm
QUOTE(tom_87 @ Oct 17 2012, 05:31 PM)
bust my account already...huhu...need to learn about MM more i guess...huhu
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How much your capital? How come so fast bust?

This post has been edited by solstice818: Oct 17 2012, 05:32 PM
tom_87
post Oct 17 2012, 05:33 PM

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QUOTE(solstice818 @ Oct 17 2012, 05:31 PM)
I m that type too. It's just that sometimes when Spike happen, it hit the SL at BE then went up again in profits and I was angry at myself for putting SL. Happened quite few times to me... laugh.gif  Now I dont put BE anymore...At least +1 to console my soul that at least I still earn one freaking pip  laugh.gif  laugh.gif  laugh.gif


Added on October 17, 2012, 5:32 pm
How much your capital? How come so fast bust?
*
500 usd...i used micro account to trade in gold...thats why so fast...huhu
solstice818
post Oct 17 2012, 05:38 PM

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QUOTE(tom_87 @ Oct 17 2012, 05:33 PM)
500 usd...i used micro account to trade in gold...thats why so fast...huhu
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Man, I feel bad for you. Gold is indeed a killer...So what's your plan now? Dont quit. Be brave!
zeling89
post Oct 17 2012, 05:41 PM

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QUOTE(solstice818 @ Oct 17 2012, 05:31 PM)
I m that type too. It's just that sometimes when Spike happen, it hit the SL at BE then went up again in profits and I was angry at myself for putting SL. Happened quite few times to me... laugh.gif  Now I dont put BE anymore...At least +1 to console my soul that at least I still earn one freaking pip  laugh.gif  laugh.gif  laugh.gif
haha true true, that's what we always try to tell ourselves, +1pip is better than none or negative pips.

with that said i just entered a trade on gold. tongue.gif see how it goes.

Position: short
Entry: 1747.46
TP: 1736.00
SL: 1754.00

This post has been edited by zeling89: Oct 17 2012, 05:42 PM


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