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Forex Version XIII, Foreign Exchange Market Discussion
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babienn
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Apr 9 2014, 12:21 PM
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QUOTE(tdoptions1689 @ Apr 9 2014, 12:02 PM) Need some more nice TIP? Place a BUY LIMIT on USD/JPY at 101.1x, SL on last low swing at 100.6x, TARGET 60 pips above move to BE and LIMIT at above 200 pips somewhere around 103.4x.  So just let the profit running and trailing activate after every 30 pips.  I'm agree with you since 101.18 is a major support area. But instead of placing a buy limit, I will continue monitor in case there is a breakout.
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tdoptions1689
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Apr 9 2014, 12:28 PM
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QUOTE(babienn @ Apr 9 2014, 12:21 PM) I'm agree with you since 101.18 is a major support area. But instead of placing a buy limit, I will continue monitor in case there is a breakout. Of course, because I am not those kind of scalper trader and all of my trade is more on long term trading. It will take days or weeks for USD/JPY to have 200-300 pips. Patience are key of success. Risk for 60 pips are absolutely worth on this trade if it touches to 101.1x area since this is the only 1st WAVE and I believe it won't be broken on this MAJOR SUPPORT. Hopefully….
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TSkevler
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Apr 9 2014, 12:50 PM
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QUOTE(tdoptions1689 @ Apr 9 2014, 11:44 AM) Anyone with me? Nice 70 pips green now. Put it on BreakEven as it Pulling Back now after building Lower Low, might at more position on same SL after pull back. Nice big big correction, and might go all the way to 600 pips below more. Just be patient and you might have it.  just now , i studied EUR/AUD graph ..and it is bear all the way ... daily chart has supported my word on this . happy trading
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kueyteowlou
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Apr 9 2014, 10:26 PM
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anyone trading german futures here? haha DAX ...
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tdoptions1689
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Apr 10 2014, 12:33 AM
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QUOTE(kueyteowlou @ Apr 9 2014, 10:26 PM) anyone trading german futures here? haha DAX ...  I did trade DAX and FTSE sometime. But DAX MM totally need to calculate on different as it was pretty hardcore. I will only trade if I am hardworking. Those need scans and navigate chart more on DJIA and S & P together as they always must have the same directions.
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SUShighlowyat
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Apr 10 2014, 04:45 AM
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QUOTE(tdoptions1689 @ Apr 7 2014, 03:06 PM) This is the best quotes I have seen here. I love the quotes of the cycle repeat itself, blaming the system, blaming the indies. A lot of people saying don't rely on those lagging indies, but what make those people say it is lagging, they always can't explain what make its describe as lagging indies. Probably the books telling them lagging, so they just follow to describe as lagging. When asking someone if they says indies are lagging, how do you trade? They will tell the same thing as the so called guru tell Price Action. When asking them, how you explore and know about Price Action and Price Behavior, seldom have one got the exact answer. Let's take one of my expertise example in MA, most of them describe it as a lagging indies. But when I started to asked them what is Simple, Exponential, Linear Weighted, Close, Median, Typical, Weighted Close or the Value, most of them not even know the meaning of those. So I don't really know what makes them saying they are lagging when they don't even know or haven't explore more on those meaning.  MA is lagging, but it useful leading indi will give u too many false signal and repaint
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tdoptions1689
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Apr 10 2014, 11:11 AM
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QUOTE(highlowyat @ Apr 10 2014, 04:45 AM) MA is lagging, but it useful leading indi will give u too many false signal and repaint I am not sure why people are telling indies such as MA were lagging. What I know it does interpret accurately price of moving averages each candle by eliminating the previous according on what value the person setup. As a trader, we are always practice to be discipline. Probably I am type of prefer safest way trade and always wait for confirmation close candle before opening a new trade. So I won't call those indies as Lagging type.
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TSkevler
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Apr 10 2014, 02:46 PM
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somebody got profit from EUR/AUD ? hehe ..nice trading ..
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tdoptions1689
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Apr 10 2014, 03:59 PM
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QUOTE(kevler @ Apr 10 2014, 02:46 PM) somebody got profit from EUR/AUD ? hehe ..nice trading .. Thank you very much. Other than that, I got GBP/AUD too. I added more position earlier yesterday after pullback. EXOTIC always the best for long term, SELL on it, earning on nice SWAP return as another value added. As long as USD/JPY stays on that range, I believe it will continuing going below. Hope you got that too. This post has been edited by tdoptions1689: Apr 10 2014, 04:06 PM
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TSkevler
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Apr 10 2014, 04:09 PM
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QUOTE(tdoptions1689 @ Apr 10 2014, 03:59 PM) Thank you very much. Other than that, I got GBP/AUD too. I added more position earlier yesterday after pullback. EXOTIC always the best for long term, SELL on it, earning on nice SWAP return as another value added. As long as USD/JPY stays on that range, I believe it will continuing going below. Hope you got that too.  actually i traded GJ and EJ, and it showed bear since early this week ...for EUR/AUD or similar exotic pairs ...i tried to avoid as it is not my area to analyze deeper ..hehe :-)
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tdoptions1689
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Apr 10 2014, 04:21 PM
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QUOTE(kevler @ Apr 10 2014, 04:09 PM) actually i traded GJ and EJ, and it showed bear since early this week ...for EUR/AUD or similar exotic pairs ...i tried to avoid as it is not my area to analyze deeper ..hehe :-) Yes, indeed EXOTIC need more analyze and experience to trade with but it is good to trade EXOTIC if you have get used on it. Just like current PA, EUR or the Cable are moving upwards, but the EXOTIC are breaking all those support on lower TF. Difficult for someone to analyze if they don't know how to. I don't trade CHF pair, wasting my time on analyzing with small profit.
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tdoptions1689
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Apr 10 2014, 04:29 PM
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QUOTE(kevler @ Apr 10 2014, 04:09 PM) actually i traded GJ and EJ, and it showed bear since early this week ...for EUR/AUD or similar exotic pairs ...i tried to avoid as it is not my area to analyze deeper ..hehe :-) BTW, I yet to have any direction on EJ and GJ because both is riding on range for DAILY. It is a mixed chart printing, so usually I will avoid those. Good Luck anyway.
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tdoptions1689
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Apr 10 2014, 04:30 PM
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QUOTE(kevler @ Apr 10 2014, 04:09 PM) actually i traded GJ and EJ, and it showed bear since early this week ...for EUR/AUD or similar exotic pairs ...i tried to avoid as it is not my area to analyze deeper ..hehe :-) BTW, I yet to have any direction on EJ and GJ because both is riding on range for DAILY. It is a mixed chart printing, so usually I will avoid those. Good Luck anyway.
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chongtiensum
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Apr 10 2014, 04:44 PM
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new player here sifu sifu sekalian got any tips and tricks to teach to newbis?
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tdoptions1689
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Apr 10 2014, 04:54 PM
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QUOTE(chongtiensum @ Apr 10 2014, 04:44 PM) new player here sifu sifu sekalian got any tips and tricks to teach to newbis?  I am newer than you as we can see through post. Looking for sifu sifu here to teach me too.
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SUShighlowyat
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Apr 10 2014, 06:35 PM
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QUOTE(tdoptions1689 @ Apr 10 2014, 11:11 AM) I am not sure why people are telling indies such as MA were lagging. What I know it does interpret accurately price of moving averages each candle by eliminating the previous according on what value the person setup. As a trader, we are always practice to be discipline. Probably I am type of prefer safest way trade and always wait for confirmation close candle before opening a new trade. So I won't call those indies as Lagging type. ok now.. how abt combining leading and lagging indi
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tdoptions1689
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Apr 10 2014, 07:02 PM
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QUOTE(highlowyat @ Apr 10 2014, 06:35 PM) ok now.. how abt combining leading and lagging indi Let's take more in details here. Leading indicators probably have the potential to forecast where an economy is headed but fiscal policymakers and governments make use of them to implement or alter programs in order to ward off a recession or other negative economic events. Lagging indicators shift after the economy changes. Although they do not typically tell us where the economy is headed, they indicate how the economy changes over time and can help identify long-term trends. Conclusion to me, leading indicators are some wild guessing work through stock market, manufacturing activity, inventory levels or so on. So called lagging indicators tell us what the previous movement of an average price after economy changes. And I am those who trade more on previous patterns and price behavior, so I won't called them as lagging since it had done the best guideline job for me. So if you combining both of them, by the end there is only 1 answer, "Confusion and Contradiction".
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SUShighlowyat
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Apr 10 2014, 07:09 PM
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QUOTE(tdoptions1689 @ Apr 10 2014, 07:02 PM) Let's take more in details here. Leading indicators probably have the potential to forecast where an economy is headed but fiscal policymakers and governments make use of them to implement or alter programs in order to ward off a recession or other negative economic events. Lagging indicators shift after the economy changes. Although they do not typically tell us where the economy is headed, they indicate how the economy changes over time and can help identify long-term trends. Conclusion to me, leading indicators are some wild guessing work through stock market, manufacturing activity, inventory levels or so on. So called lagging indicators tell us what the previous movement of an average price after economy changes. And I am those who trade more on previous patterns and price behavior, so I won't called them as lagging since it had done the best guideline job for me. So if you combining both of them, by the end there is only 1 answer, "Confusion and Contradiction". ok now.. how about combining zigzag/elliot waves and MA
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bulkbiz
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Apr 10 2014, 07:40 PM
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QUOTE(tdoptions1689 @ Apr 8 2014, 10:53 PM) Ok ok, joking only. Mine a bit dirty, 4 SMA with S/R. That's it.  That is clean bro
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bulkbiz
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Apr 10 2014, 07:42 PM
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QUOTE(9kingsir @ Apr 9 2014, 02:07 AM) scalp between 10-15pip for 1.5k below... lose normally is mean that day break even.. How much will you consider a cut loss bro? 1.5k is capital?
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