Forex Version XIII, Foreign Exchange Market Discussion
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 Mar 5 2014, 01:34 PM
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#21
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Senior Member
1,299 posts Joined: Nov 2010  
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QUOTE(shamsul_LP @ Mar 5 2014, 01:04 PM) Without sl u has to be a zombie in front of laptop Not really... I will put Tp if I m away or the market is low volatility... Becos I only trade most 9pm, 10pm..  The rest of day I do my own things unless the alert me program show good market bull or bearish divergence.. N I have iPad along to check.. No pain no gain.. Few hours trade is ok with me... Now with forex academy , I can chit chat with fren n earn at the same time..   |
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Mar 5 2014, 01:46 PM
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#22
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Senior Member
1,299 posts Joined: Nov 2010
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Today bearish aud GDP review lasted 3 hrs only...
Can use this as guide for future trades? Hmmm... I will cross reference this data with another source to check the data whether match or not... So that next time can use as reference and placing trades.. |
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Mar 5 2014, 07:34 PM
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#23
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(forexcoder @ Mar 5 2014, 05:38 PM) I believe that it depends on your account type. Because as far as I know, IBFX does not limit, even if it does, it would not be that low. I see some broker have this rule of limit up to 4k per transaction including exness...Probably they limit withdrawal and at same time charge u processing fee..  |
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Mar 5 2014, 07:37 PM
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#24
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(mpips @ Mar 5 2014, 01:32 PM) Convert your trading style EA and let it controls like what I am doing. My trading style is not EA.. No fix style.... My kungfu is not from shaolin  Flow with the water my fren said |
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Mar 5 2014, 07:43 PM
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#25
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Senior Member
1,299 posts Joined: Nov 2010
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GU RSI now is at 55.6778 level....price @ 1.66850... 7.42 pm.... Will range between 55-59...till 9pm
If this is correct, the my data is correct... |
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Mar 5 2014, 08:03 PM
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#26
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Senior Member
1,299 posts Joined: Nov 2010
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Ok.. Time to report... Now it's 8pm.. For GU...
My data show me that I m half correct half mistake count... Now it shoot up lingering area 1.67007 which I m right but RSI is around 62.. So m I right or wrong? |
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Mar 6 2014, 06:26 AM
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#27
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(Kaizel @ Mar 6 2014, 03:22 AM) I recently reached the legal age of 18 (Malaysian) and is very interested in the forex market. After years of homework and practise, I know quite a bit about the market. However, I am also fully aware and willing to accept the fact that most beginners, if not all, will fail on the first time trading. Anyways, the one thing I could not grasp on are the requirements. I would like to register on OANDA Asia Pacific. Can someone please enlighten me? Welcome abroad,1) Do I need to have a job before I can trade? (I am a student) 2) Anything that I need to declare before I trade? 3) Generally asking, what are the (legal) requirements before I can start trading legally? Thanks a bunch in advance!   Which online broker that u register with is your choice... the most important requirement is that you need capital..haha.. Even beggar Oso can trade..doesn't need occupation. U just need bank account, proof of address, IC or passport U can declare as virgin...  joking nia..U can start trade after u swear n take oath that u will not take deposit from ppl to trade in your account.. And that is illegal..ok...haha.. There is actually no rules of trading..as long u r not doing any money laundering.. Selamat trading Btw, even u have research for quite long...perhaps it's a good idea to listen to some mentors here.. They r good..  |
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Mar 6 2014, 01:28 PM
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#28
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1,299 posts Joined: Nov 2010
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QUOTE(propertymart @ Mar 6 2014, 01:16 PM) » Click to show Spoiler - click again to hide... « can i know what's your withdraw method? Wire transfer? credit card? hmmmm 7k usd no problem? 3 transaction = 3k 2k 2k Small transaction is ok.. What about big later? |
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Mar 6 2014, 01:35 PM
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#29
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Senior Member
1,299 posts Joined: Nov 2010
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Altimeter I did on study on price action b4... That is also need basic instinct..
The problem of that method is the short retractment... Whenever it occurs..u have to readjust mentality... That will only gives u not more than 50% accuracy.. Long term will damage your brain... I tried .. It works but it drains all my energy and brain juice.. Now.. I depend on technical chart and data received... More accurate and let me know the movements.. On 2-3 occasion that I have shown here that the data is almost accurate on price level and direction.. Now I just need to cross check the recent level price n movement with data received.. |
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Mar 6 2014, 01:47 PM
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#30
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Senior Member
1,299 posts Joined: Nov 2010
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News feed... Those who depend on trend waves need to wait like today morning news like AUD retail sales report n trade balance news.
Both news is good news bring the AUD value higher and makes pairs like audusd bull, Gbpaud bear, eurousd bear With these 3 pairs... U can make almost 200 pips Effect lasted for almost 2 hours.. So if you are playing 1usd , mean u profit 2000usd today.. Good profit.. With indicator and data analysis, u Oso can get to this figure everyday.. I m definitely making this income will be my main income..:haha:  |
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Mar 6 2014, 01:48 PM
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#31
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1,299 posts Joined: Nov 2010
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Sorry typo on the last pair.. Suppose is euroaud
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Mar 6 2014, 01:56 PM
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#32
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(kevler @ Mar 6 2014, 01:43 PM) next trade idea , GJ EJ to the south Both will be ranging south a little even semafor show 3 level..any comment on this ? 4pm new abit better .. Guess is 0.7-0.8% for gbp So both would parallel.. Going south but a bit retractment till main news 8-9pm.. Both pairs are overbought this time.. Think will last for another 3-4 hours before shown medium dropping.. Just my 2 cent opinionl |
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Mar 6 2014, 03:51 PM
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#33
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Senior Member
1,299 posts Joined: Nov 2010
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Correct.. Retractment for GJ n EJ..now almost 4pm.. Should be drop back abit.. Then range again till 8-9 pm..
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Mar 6 2014, 03:54 PM
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#34
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(Kaizel @ Mar 6 2014, 03:18 PM) Thank you so much for your advice! I'll definitely pay attention to experienced traders If u listen to all the sifu here.. I think u won't burn ur first account ... Any suggestions for a newbie like me then? FXCM? I'll probably end up doing the same thing too haha I didn't burst my account b4.. |
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Mar 6 2014, 04:03 PM
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#35
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(project68 @ Mar 6 2014, 03:11 PM) LOL FAK GBPUSD, suddenly spike down like hell, my +20 pips trade become breakeven edi, leave my monitor for 10 minutes only this happen, zzzzz  it can happen just 2 minutes...20++ is a lot for scalper like me... I normally trade 1.5-2.5 size.. That would give me good profit 300-500 usd  |
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Mar 6 2014, 06:42 PM
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#36
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Senior Member
1,299 posts Joined: Nov 2010
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flow with the water my fren.. Berus Gigi said Newbie tak newbie .... Earn money most important.. About the income tax, no tax for income derive from oversea.. No need declare too.. If u wire out money to oversea, u declare your purpose like investment.. When u receive more than RM 10k from oversea, u just need inform bank if they query.. But not taxable.. If BNM or IRB checks your account why u have such big amount in your account.. U just show traders report of your trading in any broker ... Keep record of these transaction... The 2004 taxation act says that it is not taxable on foreign investment because they encourage foreign gains to come back to Malaysia.. |
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Mar 6 2014, 07:03 PM
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#37
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Senior Member
1,299 posts Joined: Nov 2010
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Anyway, want to know tax or no tax.. Go to other thread in lowyat.. They r mentioning it..
Here we talk back forex things like strategy, price action, indicators, data feed, Working methods, earning n losses, SL n TP.. Anyone got profit from GJ n EJ? Seem like my data boleh tahan.. |
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Mar 6 2014, 10:55 PM
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#38
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(mark001 @ Mar 6 2014, 10:00 PM) Hi guys, burst my first account but luckily is only small amount. Now learning through forex academy and see how it goes. Demo or live?How much? Have u practice in demo? |
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Mar 6 2014, 10:59 PM
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#39
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1,299 posts Joined: Nov 2010
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QUOTE(boyvai @ Mar 6 2014, 09:23 PM) i missed the train on aud/usd,gb/jpy. EU shot up..just got pip on usd/jpy and euro/chf. waiting for euro/usd to long. |
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Mar 6 2014, 11:29 PM
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#40
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Senior Member
1,299 posts Joined: Nov 2010
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QUOTE(mark001 @ Mar 6 2014, 10:59 PM) Live. Tried 100 only. Haven't open demo. Planning to study finish forex academy only think of opening. Any suggestion whether forex academy is good for newbie? u haven went to study on forex but oredi play live..U din read all post here b4.. Tell how many times usd 100 is not enuf... Buang masa saja.. Duit sikit itu mesti koyak!  Learn b4 u trade... There is no forex academy same as mine... U can learn from sifu here n read up at babypips.com |
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