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 Forex Version XI, Foreign Exchange Market Discussion

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boyvai
post Jun 18 2013, 08:25 PM

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QUOTE(poks @ Jun 18 2013, 04:45 PM)
Hello all,

how's trading?  thumbup.gif

Boyvai need some tips here  biggrin.gif

**looking at buying audusd .. 9500 seems like a good level.
*
long time no see.
aud/usd i gain good profit rclxms.gif .closed already selling.massive downtrend and its predictable lol.
past count i already post twice on daily.
here count on 27 may 2013
user posted image
Credited EW Forecast

update today
Attached Image

as u can see already on 61.8% area.on correction wave.thanks pointing up this pair lol.but beware this is on correction wave,but if use trading price action good area resistance on daily.tayor.
boyvai
post Jul 12 2013, 08:30 PM

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poks,any info on aud/usd?your thought?
boyvai
post Jul 21 2013, 11:45 PM

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QUOTE(babienn @ Jul 21 2013, 10:55 PM)
Confusing for me  rclxub.gif

I watched this video on youtube about leverage, still fail to understand.
What is the leverage I should use if I want to invest only USD$1000, and trade with volume where in 1 lot = $10 per pip?
*
hold on,1k capital u want gain 1 pip=10usd?holy.good luck.
if u want 1k capital with that beautiful profit go for 1:500 or higher.but remember forex market very volatile.
this page maybe would help u.
Leverage 1
Levarage 2

This post has been edited by boyvai: Jul 21 2013, 11:48 PM
boyvai
post Jul 22 2013, 12:03 AM

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QUOTE(babienn @ Jul 21 2013, 11:50 PM)
No sorry that's not what I mean.
I was saying that I want 1 lot = 10$ per pip in my account, like a micro account, but I will trade with less than 0.1 lot. I said so because in some type of account 1 lot is actually more than 10$ per pip? I'm not sure if this has something to do with "leverage".

Thanks, will spend some time reading.
*
yep.
1st u must understand what is lot.
1.0 open lot on standard account/mini account/micro account.each of 1.0 lot different.
1.0 standard usually 1 pip =10usd
1.0 mini 1 pip = 1usd
1.0 micro 1pip = 0.1usd.
( i also dont know this is right or not)

leverage and lot different thing biggrin.gif
read and try on demo 1st.explore all the features.dont rush.basics is easy when u on demo.read and practice.demo money no problem.
leverage/margin u can just read,hard to explain lol.

this is just the basic,money management soon,psychology,trading strategy,and learn to loss 1st lol.
later looking the best strategy that suits u is the most hard part and also psychology.
boyvai
post Jul 22 2013, 12:04 AM

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if u want 1 pip on micro u can change lot.
100 lot on micro lot = 10usd.
easy.
boyvai
post Jul 22 2013, 12:30 AM

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QUOTE(babienn @ Jul 22 2013, 12:18 AM)
Thanks for explaining so patiently.  notworthy.gif

So basically, trading with 0.01 lot in standard account is like trading with 1 lot in micro account? Then it isn't much different for me, as we can manually change the trading lot size.

I find leverage and lot confusing because

Why in this example, one pip of USD/JPY for one standard lot is US$8.30? Why not $10?
*
those quote maybe inter bank fx exchange.huge bank,financial institution,retailer. soros style lol.or maybe i wrong too.

easy,u open account,u trade with broker.not u 1 on 1 with bank.
standard broker will offer for standard account 1 pip = 10usd.basic,got another superman account which as 1 pip 100usd++.dont think to much.its what broker offering u.


Attached Image
my micro account.
for 1 lot 1 pip i gain i got 0.10 usd. for that trade i need minimum usd3.75 capital. if this trade negative under usd3.5 - usd3.0 margin call i believed,not remember.this is part of margin/leverage.

i also pening liow lol
boyvai
post Jul 22 2013, 12:45 AM

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slowly learn.no need rush.if u ready to trade real,chose broker wisely.
1 advice,there is no perfect broker.each broker different,maybe on spread,swap,deposit %,withdrawn %,etc2.

**edit.no offense to IB lol

This post has been edited by boyvai: Jul 22 2013, 12:47 AM
boyvai
post Jul 22 2013, 06:41 PM

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QUOTE(zDarkForceSz @ Jul 22 2013, 08:29 AM)
well said!  thumbup.gif

eyeing at any counter today?
*
just sharing my experienced with top broker. icon_idea.gif
newbie/amateur/beginner/expert/full time trader soon will struggle to chose which broker best for each personal comfort.
if keep loosing no problem/streak combo loosing broker love u lol
wait until u gain consistent profit for few month,broker will against u,not market lol laugh.gif

*im still watching aud/usd,gbp/jpy,euro/usd,gold
*again no offense to IB.i just sharing.sharing is caring lol

This post has been edited by boyvai: Jul 22 2013, 06:43 PM
boyvai
post Jul 22 2013, 09:51 PM

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this is Elliott Wave count which occurred at the end last year.this is for reference for 1 buddy who pm me.
Attached Image
Attached Image
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noticed the blue line?thats is divergence.see how good divergence,happened exactly at the end of of wave rclxms.gif

This post has been edited by boyvai: Jul 22 2013, 09:52 PM
boyvai
post Jul 30 2013, 10:16 PM

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gbp/usd,euro/usd keep dropping please lol. rclxms.gif
boyvai
post Aug 8 2013, 09:23 PM

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QUOTE(tshin810 @ Aug 8 2013, 06:11 PM)
Actually I am also newbie, haha. Currently learning vsa, pretty hard for me. One of member here told me to learn divergence. I tried that and it has high accuracy and quite simple to spot them.

A recent divergence example:
[attachmentid=3574636]
*
nice notworthy.gif
btw aud/usd got nice divergence on 1hr,4hr,daily.if u spot early this pair already almost 250 pips.today pivot point shown up,yes it does goes up for today.already on pivot point resistance level 2.i enter long on 2/8/13.

gbp/usd what a surprise.many top major elliottician fail,inc me lol
boyvai
post Aug 8 2013, 11:35 PM

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QUOTE(tshin810 @ Aug 8 2013, 11:05 PM)
Hey boyvai, thanks for teaching this  biggrin.gif

Basically GBP news that day killed all day traders. (except my friend who use martingale hedge EA LOL)
*
here pivot and divergence on aud/usd.
the vertical redline i draw is exactly on 8/8/13 open.pivot point,the candle bullish,at top of the pivot point.after few hours bounce on Resistances 1 and R2.now break already R2.maybe hit R3?i dont know.easy.but not always work like holy moly grail u know lol.
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