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 Forex Version XII, Foreign Exchange Market Discussion

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MrStephenChow
post Feb 24 2014, 11:16 AM

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QUOTE(dontforcemepls @ Feb 23 2014, 12:03 PM)
Is anyone using FXCM trading platform to trade forex (real account)?
I have some questions here!
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Hi! i have been with FXCM since i first trade. Maybe i can help biggrin.gif
zDarkForceSz
post Feb 24 2014, 11:43 AM

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QUOTE(MrStephenChow @ Feb 24 2014, 11:08 AM)
Well said Master Darkforce thumbup.gif No pain no gain. I did learn the hard way too....paid school fees cry.gif
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Some @ss really think FOREX is a magic MONEY printing machine.

Those "attraction" from MLM group bring false hope to people man.

If got free meal everyday, no poverty in the world.

In order for 1 making money, the other must lose money.
This is the basic rules.
Money won't grow by its own.

No pain and thinking for gain?
Even you buy lottery ticket, 1/10000 chance you win a prize, how about other 9999times?

People nowdays lose their mind or what thinking free meal from heaven.
MrStephenChow
post Feb 24 2014, 12:00 PM

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QUOTE(zDarkForceSz @ Feb 24 2014, 11:43 AM)
Some @ss really think FOREX is a magic MONEY printing machine.

Those "attraction" from MLM group bring false hope to people man.

If got free meal everyday, no poverty in the world.

In order for 1 making money, the other must lose money.
This is the basic rules.
Money won't grow by its own.

No pain and thinking for gain?
Even you buy lottery ticket, 1/10000 chance you win a prize, how about other 9999times?

People nowdays lose their mind or what thinking free meal from heaven.
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Lately i know that there are groups/company that is collecting funds/member fees. Camouflage themselves they are Forex trading company that teach ppl how to make money. Please la, if the sifu themselves are that good, might as well just push 10,000,000 lot size in every trade. A few trade can be billionaaire already. Why need to do all these things. Sorry if i offended some of the ppl here that might be involve. Please do note that Forex trading in Malaysia does not have a good image already due to ppl collecting fund illegally. Don't make it worst by making it a MLM or some other scheme whatever the name is ...... cool2.gif
MrStephenChow
post Feb 24 2014, 12:12 PM

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Hi all Sifus! I think this week gonna be another ranging week. Not much impactful news from UK, US and Japan. Guess i gonna stay out this week again. What other sifus think? Any big movement?
forexcoder
post Feb 24 2014, 12:34 PM

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From my perspective, EURUSD is losing momentum, I would wait for tomorrow and will probably short. GBPUSD is ranging. Very likely to be bearish. Waiting for the breakout.

MrStephenChow
post Feb 24 2014, 01:26 PM

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QUOTE(forexcoder @ Feb 24 2014, 12:34 PM)
From my perspective, EURUSD is losing momentum, I would wait for tomorrow and will probably short. GBPUSD is ranging. Very likely to be bearish. Waiting for the breakout.
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Attached Image

Got to agree with you bro. From this 1hr GU chart of mine. There are multiples resistance points around 1.672 that GU fail to break. But slowly breaking the support at 1.664.....Bearish likely la....but i still stick to my psychological barrier of 1.700 highest since 2010 tongue.gif
9kingsir
post Feb 25 2014, 02:35 AM

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QUOTE(MrStephenChow @ Feb 24 2014, 11:14 AM)
Well said too Sir 9kingsir  rclxms.gif  Remember last time i did paid few hundreds buck for a seminar that teach me things that i can actually learn online by myself. Worst thing is the dude sit next to me asked me this "Hey bro you understand what the Mentor saying ah?" I replied "yes..." He then said "Can i give you money and trade for me?" ....i was like WTF man?! Since you paid money to this seminar why don't you pay attention and learn... rclxub.gif
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[QUOTE]

That y I said in the first place.. Not many ppl understand n have patient to learn A-Z.. They just want make money..

They actually want pay attention, but seems they seminar guru teach until too complicated.. That y they need icon_question.gif ..

N they r the easy target for scammers n MLM..
9kingsir
post Feb 25 2014, 02:45 AM

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QUOTE(MrStephenChow @ Feb 24 2014, 12:00 PM)
Lately i know that there are groups/company that is collecting funds/member fees. Camouflage themselves they are Forex trading company that teach ppl how to make money. Please la, if the sifu themselves are that good, might as well just push 10,000,000 lot size in every trade.  A few trade can be billionaaire already. Why need to do all these things. Sorry if i offended some of the ppl here that might be involve. Please do note that Forex trading in Malaysia does not have a good image already due to ppl collecting fund illegally. Don't make it worst by making it a MLM or some other scheme whatever the name is ...... cool2.gif
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I have to agree to disagree....

It really depend of which type of trader u are...

I dun agree to MLM type which get your money first.. No guarantee at all right? N is illegal to take deposits..

But somehow I realise got some individual trader been trading profitly n now they want to get glamor but recruiting..profiting n trading alone is boring n lonely..

I might want to get glamor oso icon_idea.gif drool.gif whistling.gif nod.gif brows.gif

MrStephenChow
post Feb 25 2014, 11:04 AM

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QUOTE(9kingsir @ Feb 25 2014, 02:45 AM)
I have to agree to disagree....

It really depend of which type of trader u are...

I dun agree to MLM type which get your money first.. No guarantee at all right? N is illegal to take deposits..

But somehow I realise got some individual trader been trading profitly n now they want to get glamor but recruiting..profiting n trading alone is boring n lonely..

I might want to get glamor oso icon_idea.gif  drool.gif  whistling.gif  nod.gif  brows.gif
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It's a lonely journey indeed...lucky got u guys here tongue.gif
MrStephenChow
post Feb 25 2014, 10:14 PM

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GU reaching the resistance of 1.672 again!! Will it break through it? icon_idea.gif
9kingsir
post Feb 25 2014, 10:44 PM

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I think it will ranging again.. Just watch for coming 2am -3am spike up and down... But I think sfter that will go down between 1.64500 and 1.66500
9kingsir
post Feb 25 2014, 10:46 PM

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Now short for GU @ 1.67171

9kingsir
post Feb 25 2014, 11:07 PM

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Now GU @ 1.66880
9kingsir
post Feb 25 2014, 11:10 PM

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Lol good profit.. Close at 1.66915

Will at it again @ 1.30am before 2am for analyse .. Then enter before 2am
9kingsir
post Feb 25 2014, 11:13 PM

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QUOTE(9kingsir @ Feb 25 2014, 11:10 PM)
Lol good profit.. Close at 1.66915

Will at it again @ 1.30am before 2am for analyse .. Then enter before 2am
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In short 15 min earn 256 piplet
MrStephenChow
post Feb 25 2014, 11:16 PM

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QUOTE(9kingsir @ Feb 25 2014, 11:10 PM)
Lol good profit.. Close at 1.66915

Will at it again @ 1.30am before 2am for analyse .. Then enter before 2am
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Wow spot on Sir! rclxms.gif
9kingsir
post Feb 25 2014, 11:16 PM

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Don be greedy even now it went down to 1.66619
MrStephenChow
post Feb 25 2014, 11:17 PM

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QUOTE(9kingsir @ Feb 25 2014, 11:10 PM)
Lol good profit.. Close at 1.66915

Will at it again @ 1.30am before 2am for analyse .. Then enter before 2am
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Anything on at 2am? Mind to share Sir? brows.gif
9kingsir
post Feb 25 2014, 11:17 PM

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I ll report again at around 2am for GU.. See what the chart say n market maker respond... whistling.gif bruce.gif
9kingsir
post Feb 25 2014, 11:22 PM

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I think from now till 2am will ranging between 1.66900 and 1.66100... Then need see around 2am what is the ending result.. If it hit 1.66000 n below.. Then u can long back... But b that time for scalping

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