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 Forex Version XI, Foreign Exchange Market Discussion

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transhumanist92
post Nov 15 2012, 12:23 AM

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From: Prison Planet


QUOTE(poks @ Nov 14 2012, 07:39 AM)
Selection of broker is at your own risk...
why do you trade forex? because of good commission from broker? reliable robot?
or do you trade because of your passion in trading?

but when it come to trading problem such as slippage etc etc, does your broker respond to you fast enough..?

i'm happy with fxcm (they are regulated) as they do come with solution whenever i have problems (most of the time refund of $ to my account).. i dare to say so as i encountered such problems after YEARS of trading with them..

i will not be attracted with such earning you highlighted as trading itself is rewarding, why would you rely on commission if you can trade min 40pips per day profit? i would go for value than commission..

side income?
lol


Added on November 14, 2012, 7:53 am

boyvai, this is my setup for gbpjpy if i'm trading it  biggrin.gif

still look interesting this pair, but risky... BOJ just around the corner.. lol
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noob question here, do you need an IB-introducing broker to open fxcm account in malaysia? how do you draw money from the account
transhumanist92
post Dec 22 2012, 05:24 AM

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From: Prison Planet


anyone using ichimoku indicator here?
transhumanist92
post Dec 22 2012, 09:28 AM

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QUOTE(Shah.Legno @ Dec 22 2012, 08:06 AM)
I using Ichimoku...but not for my main trading indicator..just a side indicator, for learning the market habit..

i more prefer to Bolinger Bands,Moving Average,Trendline & Stochastic.. thumbup.gif
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why? is ichi not accurate enough for you?
transhumanist92
post Jan 13 2013, 05:25 AM

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QUOTE(Shah.Legno @ Jan 10 2013, 11:58 PM)
As i said before...after it breaks my EMA 50 H4 line...the bullish sentiment is really back & it blow up towards 200 pips one move in one day only! whoaaa.. rclxm9.gif

user posted image
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lol so many indicators doh.gif these stuffs have no capacity to be predictive cuz they are based on lagging derivative of price, which won't trigger entry until significant movement has occurred in a new direction
transhumanist92
post Jan 13 2013, 07:54 PM

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QUOTE(boyvai @ Jan 13 2013, 07:41 PM)
I use lagging indi to.no problem lol
So many pro come suddenly critic peoples system without any word  that can support their critic.
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not criticizing bro, i'm a newb also, indicators work well while the market is trending but they start to fail in ranging market, i'm looking looking for techniques/strategies to be used in ranging market, do you have any idea?
transhumanist92
post Jan 14 2013, 12:34 AM

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QUOTE(boyvai @ Jan 13 2013, 10:14 PM)
Im also newbie.still learning.never ending lesson.yes,i do agree with your previous comment.u are right,but from my perspective,if something doesnt work well for u,it doesnt mean its not work for other people too.my apologize to u.
Almost indi must have completed time,space,to generate complete usefull future prediction.divergence,harmonic,pattern,snr,ema,mva,macd,etc2.
Ranging market,for me,im a full  swing trader and i use  elliott wave,neo wave  and basics indi.i calculate,analysis use elliot,neo wave,a bit hard to explain for ranging market.easy,ranging elliott wave term is corrective wave.maybe im wrong too.
Again,my apologize.
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what's a neo wave? are you successful trading with elliott wave so far? i found it too subjective to be useful and the modern day elliott wave theory had so much tweakings from his students/researchers including elliott himself during the latter years that deviate too much from his original works(stuffs like double zig zags,compounded counts, alternative counts etc which is ridiculous IMO). I'm still learning about harmonic trading patterns with fibonacci, sounds promising so far although it does create a bit of rigidity, i'm still seeking for techniques that are not indicator based to aid me in trading with naked chart in order to see the bigger picture in which simple price action does not provide

QUOTE(solstice818 @ Jan 13 2013, 11:35 PM)
PA for the win. It does not lag, does not lie. biggrin.gif
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very true, but it does lie thumbup.gif

QUOTE(Shah.Legno @ Jan 13 2013, 11:45 PM)
Agree...they just know to critic what they see in front of their eyes only...

but never study it, use it or try it before...

when they see, the monitor got so many indicator, they start to think it's a waste of time to put so many indicator...

they think it's not very useful,not fully function & sucks... hmm.gif
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nah i'm not saying it doesn't work, indicators are late/lagging , it does work but if you learn basic price action it allows you for earlier entries making indicators redundant/useless and do nothing but clutter your chart. Too much indicator based analysis neglect the 'feel of the market trend aspect' of which the lagging indicators were invented for and too much relying on the crutch doesn't help you grow as a trader. Btw i don't want to argue/debate here , let just agree to disagree tongue.gif
transhumanist92
post Jan 14 2013, 05:49 PM

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QUOTE(boyvai @ Jan 14 2013, 02:14 PM)
hi
u sure u newbie?
Neo Wave is advanced theory from Elliott Wave,from Glenn Neely. Neo wave very hard to learn,to apply at real moving chart.for me at least.yes,u are right.nowdays many tweaking has been made from the basic of elliott wave,ziz zag,EW indi,but they still apply the basic of EW.some just go for the very basic of EW,some will go to real advanced EW,time,space,etc2.
give 1 chart to 5 different Elliottician,u will get 5 different counts.
EW alone is not enough,this is why the basic indi needed.divergence,fibonacci,etc2.

if u study EW,u will find how important fibonacci.without fibo,EW less usefull.also,harmonic pattern too can be apply at the EW count. EW is not just 12345,abc count,there is more complicated count,time,space,fibo related,divergence,volume,etc2.
u want naked chart,goes for EW+price action.im very weak at price action system,Poks very good at price action.
EW is not just for chart.EW is human emotion.same like fibonacci, some rocket science  lol.
im i successfull trader?very subjective.i study EW almost 3 years now,it is very suitable for me.
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yes that's my point, it is too vague to be useful and the elliot wave forecasts are prone to subjective revision and only give the whole technical analysis a bad rep IMO. I however stay true to unadulterated version of elliot wave theory, found in Elliot 1st published finding as in the compiled working papers of "The major works of R.N Elliot" but it is in no way to be predictive in nature. To each his own.

yes i am a total noob still using demo account, and i am well aware that playing poker game online is way different than a real trading, but decided to grasp the basics of technical analysis first before dumping real money in


QUOTE(danokchonger @ Jan 14 2013, 02:34 PM)
try constant range bar chart to reduce the 'noise' lvl. some use renko, but my preference is range bar.
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do u know where i can get live renko and range bar for metatrader4? because the one i found can only be used in offline chart.

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