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 Forex Version 10, Foreign Exchange Market Discussion

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SUSLzhiwei
post Mar 16 2012, 12:07 AM

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QUOTE(ElvisAmour @ Mar 15 2012, 11:24 PM)
hey guys, i am intrest in forex things, and a friend intro me PLUS500 site. I found tat it is somehow not so secure , as withdraw is a very big issue /problem now. May i know which website u guys using? is it safe? thanks..
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FXCM or FXPRO
TSkevler
post Mar 16 2012, 01:32 AM

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QUOTE(teamloks @ Mar 15 2012, 12:09 AM)
le this month everyone talk about gold only biggrin.gif
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QUOTE(dillmac @ Mar 15 2012, 12:25 AM)
haha, I've noticed that. And why is that? Is it because of its current volatility that people are now trading it? I'm still cautious on trading gold. There were times where I trade small lots of gold, but then it was so volatile, it affected my margin. Also due to my bad money management that time. haha. Right now i'm practising my currency trade. Slow and steady  biggrin.gif
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QUOTE(poks @ Mar 15 2012, 07:40 AM)
yeh .... v10!
ahhh gold  nod.gif
on a good trending market movement i still prefer gold....
mr rime ... looking at 1663 for turning point ...
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QUOTE(aladdin @ Mar 15 2012, 10:24 AM)
sigh. gold still dropping like $hit
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QUOTE(mr.rime @ Mar 15 2012, 12:22 PM)
u mean 1663 turning point to go further up or downwards?.....
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QUOTE(poks @ Mar 15 2012, 12:45 PM)
i'm actually looking at 6.3.12 low to sell @1663
but can't hold my feeling & shorted just now...
it'll be a good idea to trade the retrace...

** tips: monitor silver's price ... silver tend to move 2 steps in front of gold ...
**change the  chart with channel... if the selling continue... we will have engulfing @1H chart.. that will be good to look for retrace  biggrin.gif
*
QUOTE(xxcha0sworldxx @ Mar 15 2012, 08:43 PM)
gosh, gold is so volatile, keep bouncing up and down =.=
*
aha ..no wonder

Gold bounces after 2 pct drop,U.S. dollar eyed | Reuters http://reut.rs/Ab8Jcf

QUOTE
SINGAPORE, March 15 (Reuters) - Gold regained some
strength on Thursday after a drop in the previous session
attracted bargain hunters, but a strong dollar and fading
expectations of more monetary easing in the United States made
the metal vulnerable to more selling. 
    Some jewellers in Hong Kong returned to the physical
market, but bullion holders in other parts of Asia shifted their
money into equities after strong U.S. economic data and
accommodative monetary policies by global central banks sent
investors back into risk assets. 
    Spot gold hit an intraday high at $1,648.41
an ounce
and stood at $1,643.59 by 0703 GMT, up $1.49. Gold extended
losses and fell more than 2 percent on Wednesday after the
Federal Reserve offered no clues on further easing.
    "Sentiment is of course very bad. After slipping below
$1,650, prices may go down further to $1,600," said Ronald
Leung, director of Lee Cheong Gold Dealers in Hong Kong, adding
that a rebound will be capped at between $1,675 and $1,680.
    "Safe-haven (appeal) is forgotten for the time being. The
demand is sluggish because of the strong dollar. Speculators
dumped their gold," he said.
    Gold has fallen around 8 percent since late February as
funds appeared to have closed out of their bullish bets on
worries the Fed has no intention to buy any more major assets to
keep interest rates and borrowing costs low.
    Bullion rose to a record of around $1,920 last September on
fears the euro debt crisis could stall global growth.
    U.S. April gold rose $1.30 an ounce to $1,644.20 an
ounce.   
   
    The dollar rallied to an 11-month high against the yen and a
one-month peak against the euro on Thursday on growing optimism
about a U.S. economic recovery and subsequent rises in U.S. bond
yields. 
    In theory, a firmer dollar hurts dollar-based commodities
such as gold, as well as industrial metals such as copper, which
is weighed by concerns about slowing demand from China, the
world's largest consumer. 
    China's Premier Wen Jiabao said on Wednesday that China must
embrace slower growth and bolder political reform to keep its
economy from faltering and to spread wealth more
evenly. 
    But a Reuters polls found developed economies will pick up
steam this year thanks to an array of ultra-loose monetary
policies from major central banks and amid new signs of progress
in the euro zone's debt crisis. 
    In the physical market, a lack of buying from jewellers
despite a recent drop in prices rattled the nerves of some
Singapore dealers. 
    "I guess the dynamics have changed. Customers will only take
gold if there's a need to. Otherwise, there's no commitment,"
said a dealer in Singapore. 
    In the equity market, the Nikkei rose for a third straight
session on Thursday, boosted by major exporters that surged on
the back of a weaker yen as market players grew more optimistic
about the U.S. economic recovery. 
     

poks
post Mar 16 2012, 02:31 AM

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ahhh .... 2am happy.gif
seems like US is doing good... even the S&P index in raging mode...
gold have reached 1663 & currently retreating at snail pace..
now going to continue sleep again sweat.gif
get some more nightmares ... lol
TSkevler
post Mar 16 2012, 02:50 AM

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QUOTE(poks @ Mar 16 2012, 02:31 AM)
ahhh .... 2am  happy.gif
seems like US is doing good... even the S&P index in raging mode...
gold have reached 1663 & currently retreating at snail pace..
now going to continue sleep again  sweat.gif
get some more nightmares ... lol
*
aha ..

i'm waiting for buy back on gold ..i mean the physical gold ..

on D1 chart ...i saw there is gold downtrend ...and i'm waiting for next potential news to buy back ...just a matter of time ..then we can gain from this :-)

for those who wanna invest in gold ...i suggest to buy gold more than 100 grams if possible which now priced at RM18k ...and save it for long term .
dillmac
post Mar 16 2012, 03:21 PM

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Eur/Jpy forming a double top on daily chart. I'm looking at EuD to break that 1.3118 as first resistant and 1.3130 as second resistant for a possible upwards rally.

However, with US data of CPI coming in at 8.30pm Malaysian time, Industrial Production & Reuters/Michigan Consumer Sentiment index at around 9pm++ and analysts forecasting a positive results coupled with risk off friday, we could possibly see a rise in US dollar strength.

Could we then, break that 1.3003 level today and later 1.2976? If so, next week might be another bearish week.


All the best everyone biggrin.gif

This post has been edited by dillmac: Mar 16 2012, 03:27 PM
poks
post Mar 16 2012, 03:38 PM

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as usual gold...
1663 still holding as strong resistant ...
here's the channel i'm watching....



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mr.rime
post Mar 16 2012, 04:21 PM

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so, poks, ur analysis will be down for gold?....



ElvisAmour
post Mar 16 2012, 04:36 PM

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QUOTE(Lzhiwei @ Mar 16 2012, 12:07 AM)
FXCM or FXPRO
*
hi.is the two site u refer,,is

http://www.forexmicrolot.com/?redirect=fxcm.com

&

http://www.fxpro.com/?

thanks

how is it withdraw method ? safe and covenient? thanks

poks
post Mar 16 2012, 05:24 PM

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QUOTE(mr.rime @ Mar 16 2012, 04:21 PM)
so, poks, ur analysis will be down for gold?....
*
mr rime, yes still down but... 1641 is giving a bit of support... i'm in idea 1663 will be touched again as basic S&R break theory...
if today closed below 1641... my 1st target will be previous low...
if not .. i'll consider closing my positions.. if you drag fibo low to high it'll be 50%.. high possibility for continuation
then again... it's all depends on the market... biggrin.gif


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mr.rime
post Mar 16 2012, 05:29 PM

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poks, i duno y....but i got a feeling today is a buy day....i buy at 1654

times to up......in buy another trade at 1647.......but this 1 tight SL....



This post has been edited by mr.rime: Mar 16 2012, 07:00 PM
xxcha0sworldxx
post Mar 16 2012, 08:24 PM

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mr poks and mr rime, gold touched 1639...will it bounce back to the top? is it a good time for long??
mr.rime
post Mar 16 2012, 08:28 PM

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see, good for me to long now...still holding my trade....another i closed it with small SL jus now....n now buy again at 1642.....

lets see how it goess.......


Added on March 16, 2012, 8:38 pmlooking good..let go my 1642..now left 1654


Added on March 16, 2012, 9:27 pmi make another round at 1643....now close all my trade......good day!!.....

time to go for fun weekend...see u guyz on monday!!.....

enjoy the trade

This post has been edited by mr.rime: Mar 16 2012, 09:27 PM
TSkevler
post Mar 16 2012, 09:41 PM

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i'm still riding bull on EU GU AU NZUSD , and will be planning for next trade setup on GJ EJ too ..trailing stop 55 pips is a must of trend against me

i'm waiting for bear on EG UCAD and UCHF once confirmed on next candle of H4 and D1

@Jebonen , bro ...next week bro ... gua tengah kumpul pips untuk next adventure :-)
poks
post Mar 17 2012, 08:53 AM

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QUOTE(mr.rime @ Mar 16 2012, 08:28 PM)
see, good for me to long now...still holding my trade....another i closed it with small SL jus now....n now buy again at 1642.....
now close all my trade......good day!!.....
*
wow....
now everyone become a gold trader already biggrin.gif
too bad missed that one... it's friday singing time... lol
anyway... gold does look bullish but not bullish enough...
i might go buying if closed above 1663 on 1D tf...
if it closed beyond 14.03.12 high... then i'll say it's time to buy....
happy weekend guys.....
TSkevler
post Mar 17 2012, 04:56 PM

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QUOTE(poks @ Mar 17 2012, 08:53 AM)
wow....
now everyone become a gold trader already  biggrin.gif
too bad missed that one... it's friday singing time... lol
anyway... gold does look bullish but not bullish enough...
i might go buying if closed above 1663 on 1D tf...
if it closed beyond 14.03.12 high... then i'll say it's time to buy....
happy weekend guys.....
*
haha

it means bull tarp ..i'm still positive that gold will remain bear ...until next week ...top

else if gold change the trend to bull ..then i need to buy gold (i mean physical gold) from publicgold.

This post has been edited by kevler: Mar 17 2012, 04:58 PM
WiLeKiyO
post Mar 17 2012, 06:14 PM

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Off Topic

I come across this thread.
http://cforum2.cari.com.my/viewthread.php?...&extra=page%3D1

A lots of my friend wanted to join GVF broker, should I give them advice ?
Ryan_mcguyver
post Mar 18 2012, 03:06 AM

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QUOTE(ElvisAmour @ Mar 16 2012, 12:24 AM)
hey guys, i am intrest in forex things, and a friend intro me PLUS500 site. I found tat it is somehow not so secure , as withdraw is a very big issue /problem now. May i know which website u guys using? is it safe? thanks..
*
Hi ElvisAmour, why don't you try install Millennium trader through Iphone or Android phone? Practice your analytic skill by playing demo account first. Of course it won't be as heart beating as playing using your own hard earned money.

This trade platform earned the best forex trading platform in Abu Dhabi , the 9th Middle East Forex Trading Expo & Conference 2011.
http://forexinsane.blogspot.com/2011/12/me...-dhabi-uae.html

Don't trade for real money 1st, gain confidence 1st and then only proceed for the real deal.


Added on March 18, 2012, 3:24 am
QUOTE(WiLeKiyO @ Mar 17 2012, 07:14 PM)
Off Topic

I come across this thread.
http://cforum2.cari.com.my/viewthread.php?...&extra=page%3D1

A lots of my friend wanted to join GVF broker, should I give them advice ?
*
Dude, actually how the mechanism of GVF giving signals means?

As to the thread starter from the link you provided, there's alot of factors why he lost his money, whether the signal given was truthful or not.

1) Once signal is given, how fast he reacted? As even few minutes time makes big difference in Forex.

2) 10k USD holding power when the forex rate dropped might not be sufficient to rebound.

3) Instruction given might be to trade buy 1.0 lot, maybe he trade 2-3 trades simultaneously, resulting big loss when it goes the other way.

4) Did any S/L or T/P being updated accordingly?

Actually even after i stated the above 4 reasons, there might be alot of other factors unseen. This might be just my speculation.

This scenario for me is like giving you a GPS console (singal), u jz follow blindly to a destination even though it might show you wrong direction or took big turning, you might missed out some turnings after speed up or thick cloud interfering reception of GPS.
Compared to you reach your destination based on your own experience, judgement, analysis and wall banging(selftrade). (only my 2cents & I'm not supporter of GVF, in the matter of fact this is my 1st time heard of it tongue.gif)

This post has been edited by Ryan_mcguyver: Mar 18 2012, 03:33 AM
TSkevler
post Mar 18 2012, 04:45 PM

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for me ....to be a good trader ...never ever rely on signals or any rumours

try to learn everything from babypips.com trader school ... even me myself learn from there ..

then ..open new demo account , and learn the currency pair behaviour , the correlation , the impact , and how the news reacts to the pairs ...

sometimes , do some experimentation on multiple indicators and MAs ...i believe this would let you guys think why the market behave like this but not behave like that ...

this would takes time (more than 3-4months) , before you fit enough to trade the market ...

even me love to trade with Bill Williams and Elliott Wave Principles ..but i'm also still do experimentation during free time ...

once ready with everything in hand ..try open new live account , and deposit 10-30 bucks to feel the heat :-)

open trade with 0.01 lot or 0.05 lot as ice-breaking ..and analyze market from time to time

happy trading guys ..many green pips returns :-)


poks
post Mar 18 2012, 06:29 PM

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I second that mr kevler, signal is like predicting the market...
i'll rather trade where the market is going...
trading is not a 1 day you'll be master type of work.. if it is, i'll be billionaire by now .. lol

anyway, as for gold... i see traps around 1663 & 1641.. but still looks bearish for me... monday will be critical... if it's red day then i'll say it's still bearish for gold... 1663 both the numbers above are a good entry point...
ElvisAmour
post Mar 18 2012, 07:33 PM

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[quote=Ryan_mcguyver,Mar 18 2012, 03:06 AM]
Hi ElvisAmour, why don't you try install Millennium trader through Iphone or Android phone? Practice your analytic skill by playing demo account first. Of course it won't be as heart beating as playing using your own hard earned money.

This trade platform earned the best forex trading platform in Abu Dhabi , the 9th Middle East Forex Trading Expo & Conference 2011.
http://forexinsane.blogspot.com/2011/12/me...-dhabi-uae.html

Don't trade for real money 1st, gain confidence 1st and then only proceed for the real deal.


Added on March 18, 2012, 3:24 am



thank u ryan. U are right, that why i am thinking to practice first. But i just wanna know which platform is safe and secure, so i can try its platform, rather than a wrong platform that make me need to learn to get familiar again in future.
Mind to inttro?

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