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 Forex Version XII, Foreign Exchange Market Discussion

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MrStephenChow
post Feb 26 2014, 12:07 PM

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QUOTE(zDarkForceSz @ Feb 26 2014, 11:41 AM)
Not what sifu la. You just pay more school fees, do more research you will understand.
I'm not any master.  notworthy.gif
I'm a normal trader, I do have lose in my way, not 100% win.

I enter EU, GU, Uchf. So I get myself 120pips. TP stay around asia low.

This is what in your mind, follow the "trend".
You see the strong bearish bar you enter / strong bull bar you enter.
This will bring you to hell
See below!
1. Patience.
2. 1 must lose money in order for another 1 to win money.
3. Forex is manipulated market.
4. News is manipulated.
zDarkForceSz, can i say that you are adopting the "Basket" strategy?
Normally, when my indicators signal me to enter, i will place the order 30-50 pips away from the price signal showed. I realized the price it will pull back most of the time after the signal is triggered. If i enter exactly at the price the signal show and my SL is 30pips, i might kena whipsaw. Is this what you mean?
zDarkForceSz
post Feb 26 2014, 12:18 PM

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QUOTE(MrStephenChow @ Feb 26 2014, 12:07 PM)
zDarkForceSz, can i say that you are adopting the "Basket" strategy?
Normally, when my indicators signal me to enter, i will place the order 30-50 pips away from the price signal showed. I realized the price it will pull back most of the time after the signal is triggered. If i enter exactly at the price the signal show and my SL is 30pips, i might kena whipsaw. Is this what you mean?
*
I not really doing Basket trading strategy.
Is more about correlating.
1 relates to another.

Yes that the theory.
Indicator = Lagging

Big Boys, use them to trap in retailer.
whipsaw is there 98% of the time.

I use indicator, but each time i get a signal, I wait for candle's pattern.
1st signal always got whipsaw. Retailers never learn from mistake.

Greedy is also a part of trading.

Don't mind me asking what indicators you using?
I like to learn everything I can haha.
MrStephenChow
post Feb 26 2014, 12:31 PM

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QUOTE(zDarkForceSz @ Feb 26 2014, 12:18 PM)
I not really doing Basket trading strategy.
Is more about correlating.
1 relates to another.

Yes that the theory.
Indicator = Lagging

Big Boys, use them to trap in retailer.
whipsaw is there 98% of the time.

I use indicator, but each time i get a signal, I wait for candle's pattern.
1st signal always got whipsaw. Retailers never learn from mistake.

Greedy is also a part of trading.

Don't mind me asking what indicators you using?
I like to learn everything I can haha.
*
Sure bro. I am happy we can exchange ideas icon_idea.gif It would be my honour to learn from the much experience people notworthy.gif I will PM you
zDarkForceSz
post Feb 26 2014, 12:33 PM

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QUOTE(MrStephenChow @ Feb 26 2014, 12:31 PM)
Sure bro. I am happy we can exchange ideas icon_idea.gif It would be my honour to learn from the much experience people  notworthy.gif I will PM you
*
Check EU, GU daily tf.
Something big is on the way.
Accumulating phase.

If you trading today,
4hrs 56mins UK news
10hrs 25mins US news

see how the market is manipulated with the news.

This post has been edited by zDarkForceSz: Feb 26 2014, 12:35 PM
MrStephenChow
post Feb 26 2014, 12:40 PM

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QUOTE(zDarkForceSz @ Feb 26 2014, 12:33 PM)
Check EU, GU daily tf.
Something big is on the way.
Accumulating phase.

If you trading today,
4hrs 56mins UK news
10hrs 25mins US news

see how the market is manipulated with the news.
*
The UK GDP and US New Home Sales?
zDarkForceSz
post Feb 26 2014, 12:45 PM

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QUOTE(MrStephenChow @ Feb 26 2014, 12:40 PM)
The UK GDP and US New Home Sales?
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Yes see how they manipulate the market with news.
MrStephenChow
post Feb 26 2014, 12:47 PM

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QUOTE(zDarkForceSz @ Feb 26 2014, 12:45 PM)
Yes see how they manipulate the market with news.
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Roger that! Will have my eyes glued to it tongue.gif
MrStephenChow
post Feb 26 2014, 11:01 PM

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Those who are shorting EU rclxms.gif
zDarkForceSz
post Feb 26 2014, 11:07 PM

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QUOTE(MrStephenChow @ Feb 26 2014, 11:01 PM)
Those who are shorting EU  rclxms.gif
*
Finally~~~

But I didn't trade the news just now
9kingsir
post Feb 27 2014, 03:01 AM

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Asam walai kum kum...to all traders...

Stephen chow... U did say my skill is spot on..... Is that good or bad?
9kingsir
post Feb 27 2014, 03:03 AM

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QUOTE(MrStephenChow @ Feb 26 2014, 12:31 PM)
Sure bro. I am happy we can exchange ideas icon_idea.gif It would be my honour to learn from the much experience people  notworthy.gif I will PM you
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Pm me too.. cool.gif
TSkevler
post Feb 27 2014, 11:44 AM

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waiting for GJ H4 ..GJ Daily already shown its move... either north or south .. control your money management and put trailing stop if possible to secure some pips :-)

hammerhead888
post Feb 27 2014, 02:21 PM

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QUOTE(zDarkForceSz @ Feb 6 2014, 04:04 PM)
Enjoy.
Good luck with the robot.
*
3 weeks with Robot. quite impressed. It does give 10-20%.
My case is 20%. Trusted guy.
zDarkForceSz
post Feb 27 2014, 02:22 PM

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QUOTE(kevler @ Feb 27 2014, 11:44 AM)
waiting for GJ H4 ..GJ Daily already shown its move... either north or south .. control your money management and put trailing stop if possible to secure some pips :-)
*
some thing big is coming.
zDarkForceSz
post Feb 27 2014, 02:23 PM

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QUOTE(hammerhead888 @ Feb 27 2014, 02:21 PM)
3 weeks with Robot. quite impressed. It does give 10-20%.
My case is 20%. Trusted guy.
*
good good. got myfxbook? keep trade your record!
TSkevler
post Feb 27 2014, 02:39 PM

trading in the zone
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QUOTE(zDarkForceSz @ Feb 27 2014, 02:22 PM)
some thing big is coming.
*
try check on graph on GJ H4 and D1 ..

you will understand what i said earlier ..and i'm already put some trades on this :-)

else ..need to wait for next news on forexfactory smile.gif

This post has been edited by kevler: Feb 27 2014, 02:41 PM
forexcoder
post Feb 27 2014, 04:16 PM

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QUOTE(hammerhead888 @ Feb 27 2014, 02:21 PM)
3 weeks with Robot. quite impressed. It does give 10-20%.
My case is 20%. Trusted guy.
*
One month 20%, very nice profit. I wish I could get 20% every month with manual trading too.

By the way, has anyone heard of traders in the banks. Some people say that there are Forex and Commodities traders at Bank Negara. Do they really exist in banks in Malaysia?

This post has been edited by forexcoder: Feb 27 2014, 04:23 PM
nemoexcel
post Feb 27 2014, 09:23 PM

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Members trading with fxcm uk......


http://m.asia.wsj.com/articles/SB100014240...8?mg=reno64-wsj

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February 26, 2014 4:28 PM
Forex-Trading Firm FXCM Fined by U.K. Regulator
Firm to Pay $16.7 Million to Settle Allegations of Withholding Profits From Clients

By JENNY STRASBURG And MAX COLCHESTER
LONDON—Foreign-exchange trading firm FXCM Inc. agreed to pay fines and refunds totaling almost £10 million ($16.7 million) to settle allegations by a U.K. financial regulator that the company withheld profits from clients and failed to inform British authorities that it was under investigation in the U.S.
The Financial Conduct Authority said that U.K. units of FXCM withheld £6 million from customers on foreign-exchange transactions between August 2006 and December 2010. The regulator said the broker pocketed profits when exchange rates moved in its customers' favor while a trade was in process, but it passed on losses that occurred on other trades.


FXCM, which is based in New York and is publicly listed on the New York Stock Exchange, is a dominant broker in online foreign-exchange trading for retail clients and serves banks, hedge funds and other asset managers. The company in 2012 sought to boost its institutional-trading business by investing in, and trading with, an electronic-trading platform called FastMatch, in partnership with Credit Suisse Group AG. In trades with retail customers, FXCM matches orders electronically with quotes from more than a dozen banks and other so-called market-making firms, including high-frequency-trading firms. FXCM earns a "markup," or fee from clients based on trading volume, according to the company's description of its business.
As part of its settlement with the British regulator, FXCM agreed to pay £4 million in fines plus almost £6 million to refund money to U.K. clients.
In a statement, FXCM played down the impact on customers as "typically very limited," with individual traders suffering an average hit of $3.70 apiece because of the practices over the four-year period addressed in the settlement.
"It's not like this was a major source of profit," FXCM Chief Executive Drew Niv said in an interview Wednesday, adding that FXCM operated similarly to competitors when it pocketed price improvements instead of crediting customers. FXCM changed its practices in 2010 to pass along those price improvements to customers, Mr. Niv said.
"This is how the system was set up. As far as we were concerned at the time, the customer traded with us, and we hedged," Mr. Niv said. "The only thing we held back on was the price improvement. We still gave the customer the best price out of multiple market makers."
About the FCA agreement, Mr. Niv said, "The idea of a settlement is I don't argue with it."
The FCA said the fine wasn't related to any continuing probe into allegations that traders at banks and other institutions attempted to rig foreign-exchange markets.
FXCM said it had provisioned $15 million in the third quarter of 2013 for this matter. "All clients receiving restitution will be notified within 60 days," the company said. FXCM's U.K. customers who lost more than $1 as a result of its practices will be reimbursed to their accounts.
The FCA became aware of the practice in 2011. But it was unaware that U.S. authorities had begun their own probe into the matter a year earlier. In 2011, FXCM agreed to pay more than $14 million to settle allegations from U.S. market regulators that the company had failed to supervise customer accounts. As a result, regulators said, FXCM customers suffered detrimental pricing on trades.
FXCM's failure to alert the FCA breached requirements that businesses be open and cooperative with the U.K. regulator. "I'm not contesting that," Mr. Niv said, adding that an FXCM executive at the time responsible for informing the British regulator mistakenly "thought he had."
Write to Jenny Strasburg at jenny.strasburg@wsj.com and Max Colchester at max.colchester@wsj.com
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9kingsir
post Feb 27 2014, 09:31 PM

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QUOTE(forexcoder @ Feb 27 2014, 04:16 PM)
One month 20%, very nice profit. I wish I could get 20% every month with manual trading too.

By the way, has anyone heard of traders in the banks. Some people say that there are Forex and Commodities traders at Bank Negara. Do they really exist in banks in Malaysia?
*
Robot trading must look at how many days of trading n trades... If your account is usd 100... 0.10 per lot= 1 month need 20 pips... That is quite low for master dark force... He that day oredi say profit 120 pips.. If his account is 1000 mean he is getting 12% a day..not a month...and he just trade for 10days x12%= 120 %... Lol..that is call forex..


Bank negara sure got forex trader... Physical money transaction n electronic transaction...
nickcct
post Feb 27 2014, 09:54 PM

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TP with EU with 70 pips profit. Bearish trend still going on.

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