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 Forex Version XII, Foreign Exchange Market Discussion

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MrStephenChow
post Feb 14 2014, 10:28 PM

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QUOTE(goleng2001 @ Feb 14 2014, 11:35 AM)
is GBPUSD gonna dip today? any thought?  cry.gif  cry.gif
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Still bullish. I keeping my eyes on i too tongue.gif
MrStephenChow
post Feb 17 2014, 10:45 AM

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My opinion GBP/USD is eyeing 1.7000 icon_rolleyes.gif
MrStephenChow
post Feb 17 2014, 10:18 PM

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QUOTE(MonsterPips @ Feb 17 2014, 06:12 PM)
how deep you want? below 1.65 not so soon i think
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From what i see today is just a normal pull back for GU. My bet is still 1.7000.....With more news announcement this coming week, i predict GU will gain more momentum....
MrStephenChow
post Feb 17 2014, 11:17 PM

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QUOTE(zDarkForceSz @ Feb 17 2014, 10:29 PM)
Coming Wednesday is the day!
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icon_rolleyes.gif
MrStephenChow
post Feb 18 2014, 08:50 PM

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QUOTE(goleng2001 @ Feb 14 2014, 11:35 AM)
is GBPUSD gonna dip today? any thought?  cry.gif  cry.gif
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QUOTE(MonsterPips @ Feb 18 2014, 12:00 AM)
maybe.but am selling now. targetting to 1.66 area, the previous resistance area.
after that cant tell now. will see how it goes. maybe further up, maybe further down
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QUOTE(9kingsir @ Feb 18 2014, 12:41 AM)
I doubt it reach 1.7 for GU this week based on chart..
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GU is dipping slowly. Today still hard to tell. Have see tomorrow major news. All the best to all the sifus smile.gif
MrStephenChow
post Feb 19 2014, 11:06 AM

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Good morning all sifus!! Yesterday my fav pair GU & GJ saw little action only. Hopefully with the unemployment rate news coming late in the evening will see some more action! cheers.gif
MrStephenChow
post Feb 20 2014, 10:48 AM

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QUOTE(9kingsir @ Feb 20 2014, 12:53 AM)
GU keep ranging.. Slightly bull but I guess stick below 1.67500

I be playing around 1.67300
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Yeah man. I thought yesterday would have some action. From my side i see 2 resistant level formed at 1.6730 and support level at around 1.664. Can go either way if the ranging getting tighter. Hopefully more action will come later the day. What the rest of the sifus think? notworthy.gif
MrStephenChow
post Feb 20 2014, 04:51 PM

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Some Flash reports make the market "flashing" again rclxms.gif
MrStephenChow
post Feb 20 2014, 08:27 PM

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QUOTE(9kingsir @ Feb 20 2014, 06:03 PM)
I m right... Dipping again for GU... Resist around 1.670 n now went down to 1.664
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Wah terra la sifu! Must have locked in some handsome profit. Should have follow you drool.gif
MrStephenChow
post Feb 20 2014, 09:17 PM

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QUOTE(zDarkForceSz @ Feb 20 2014, 08:48 PM)
[attachmentid=3862138]
My humble catch  blush.gif
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Wow another sifu! I am new here, all the sifus here make me motivated to make more pips from forex rclxms.gif rclxms.gif
MrStephenChow
post Feb 20 2014, 09:19 PM

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My indicators showing me no big trend is coming so i have stayed out for these few days. I am a trend surfer, i just ride the wave rclxm9.gif rclxm9.gif
MrStephenChow
post Feb 21 2014, 04:17 PM

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QUOTE(9kingsir @ Feb 21 2014, 12:05 AM)
I m scalper... Yes handsome profits... Because of ranging.. Scalping is good...

Dark force is a good trader.. He teach me also..  wave.gif

But his way and mine is quite different..

His way is safe.. Mine is more risky abit.. Not gamble thou..
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High risk high gain brows.gif As long as make profit is good strategy. Master Dark Force is terra! And humble too wub.gif
MrStephenChow
post Feb 21 2014, 04:22 PM

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QUOTE(9kingsir @ Feb 21 2014, 12:08 AM)
Haha.. It's closed to weekend that y u stay out these few days.. No market brader...  rclxm9.gif
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QUOTE(9kingsir @ Feb 21 2014, 12:14 AM)
Haha brows.gif  sure u have your own EA n strategy...
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Oh no lah last few days(this week) didn't enter market. Kinda hopeful that last few days news got action but so weak only. I dunno how to scalp somemore. So better opt out wink.gif
I tak main EA don't really trust robot hahaha
MrStephenChow
post Feb 24 2014, 11:08 AM

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QUOTE(zDarkForceSz @ Feb 22 2014, 03:17 PM)
Hi to all guys and girls who is interested in forex trading!

1. Finish this http://www.babypips.com/school
This cover A-Z basics that you need to know.

2. Open a demo and use what you learn.

3. Understand leverage and choose the right one that suits you.

4. Understand Risk:Reward Ratio.

5. Never risk more than 2% of your account on each trade.

6. Train your patience along.

7. Learn to make  your own market analysis rather than following tips.

8. Never believe what you heard, what you heard can be mislead.

9. Thinks the way SMART MONEY(Bank, Hedge Fund etc) think. Not the way retailers think.

10. Keep an eye with fundamental news. http://www.forexfactory.com/calendar.php

11. Repeat the cycle. Might burn yourself along. No pain no gain.

12. Remember MOST fundamental principle. If HE can earn BIG MONEY from the market, why doesn't he put more time into market rather than ASKING you to join something?

Good Luck and Have Fun.

Remember my words, no pain no gain.
I paid school fees to the market, is a life long learning.
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Well said Master Darkforce thumbup.gif No pain no gain. I did learn the hard way too....paid school fees cry.gif
MrStephenChow
post Feb 24 2014, 11:14 AM

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QUOTE(9kingsir @ Feb 22 2014, 11:14 PM)
As long is not MLM type.... U can join group in trading session... Not many ppl willing to spend time to learn A-Z n have the knowledge in the interpretation of forex news or charts ( be it trading on fundamental or technical)..here is my 2 cents advice..
1. Never part money to other ppl's hand before earning
2. Must have own account for trading ( unless u let fund managers to trade for u n sign POA power of attorney)
3. Choose a good broker ( regulated and have many security features)
4. Do not go for expensive seminars
5. Understand what is Forex before trade
6. Do not gamble ( this is not a guessing game)
7. Do not purchase or subscribe expensive tools( bcos u won't have time to master it)
8. Simplicity is the best factor .. Do not simply create any EA.. U will lose more than win as EA won't fit to all situation
9. Make sure which type of trader/intention in Forex you wish to be.
10. Must have at least 1 hour per day to look into the market movements for cari makan type...

The rest of things is like what master dark force said..!!

For those already earning... Congrats.... And happy pipping.. icon_rolleyes.gif  rclxms.gif
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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
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
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?
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
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

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