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 Forex Version XIII, Foreign Exchange Market Discussion

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bulkbiz
post Apr 10 2014, 07:49 PM

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QUOTE(kevler @ Apr 9 2014, 12:50 PM)
just now , i studied EUR/AUD graph ..and it is bear all the way ... daily chart has supported my word on this .

happy trading
*
I shorted two weeks back

Attached Image
tdoptions1689
post Apr 10 2014, 08:42 PM

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QUOTE(highlowyat @ Apr 10 2014, 07:09 PM)
sweat.gif

ok now.. how about combining zigzag/elliot waves and MA
*
Hei hei hei,
I love this question. To me, combining Waves Pattern and MA are the most powerful and highest probability to forecast printing on charts. Because I am using both of those. rclxms.gif
tdoptions1689
post Apr 10 2014, 08:45 PM

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QUOTE(bulkbiz @ Apr 10 2014, 07:40 PM)
That is clean bro
*
Haha, of course bro. We are using the same principle, don't we?
Keep It Simple, Stupid. (KISS) cool2.gif
tdoptions1689
post Apr 10 2014, 08:51 PM

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QUOTE(bulkbiz @ Apr 10 2014, 07:49 PM)
I shorted two weeks back

Attached Image
*
Time to jump in the 3rd position soon. Nice for you too. rclxm9.gif
babienn
post Apr 10 2014, 09:03 PM

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What MA are you using? I'm using EMA 5 and 8

and for the wave pattern, im using 3 level zz semafor as shared by a forum member cheers.gif
tdoptions1689
post Apr 10 2014, 09:17 PM

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QUOTE(babienn @ Apr 10 2014, 09:03 PM)
What MA are you using?  I'm using EMA 5 and 8

and for the wave pattern, im using 3 level zz semafor as shared by a forum member  cheers.gif
*
I use ALL on SMA 20, 30, 50, 200. Lower MA as a guideline for me to predict the trend strength, Mid MA to help me on Correction, Higher MA to help me on Trend Direction. As for waves, it is more flexible on my reading. It all depends on how the PA moves to MA to interpret highest probability on WAVES. cheers.gif
chongtiensum
post Apr 10 2014, 10:26 PM

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wat demo to use for newpies ?? biggrin.gif
babienn
post Apr 11 2014, 01:14 AM

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QUOTE(tdoptions1689 @ Apr 10 2014, 09:17 PM)
I use ALL on SMA 20, 30, 50, 200. Lower MA as a guideline for me to predict the trend strength, Mid MA to help me on Correction, Higher MA to help me on Trend Direction. As for waves, it is more flexible on my reading. It all depends on how the PA moves to MA to interpret highest probability on WAVES. cheers.gif
*
Ah I see, thanks for sharing thumbup.gif
forexcoder
post Apr 11 2014, 01:28 AM

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Everybody seems to have his/her own style of trading. Some trade using indicators, some no indicators, some price action, support/resistance, trendlines, and some using instinct or feelings, and so on. Some are swing traders, some are scalpers. Anything can be profitable once you have learnt the art of trading using one or many of these specific methods.

For me, it is an art. The market is dynamic. Therefore, you have to adapt yourself. Through experience, you can master the art. For example, one can be profitable by just using one moving average. But he/she has to master the art of using and trading using that particular indicator. Once mastered, it's easy. I myself have been into trading for about 5 years now. I am still learning, trying to improve. It's a journey, you will become better and better with experience.

Some valuable experience which I have learnt are:
1. Let the profit run
2. Fearless
3. Discipline
4. Not greedy
5. Patience
6. Accepting losses

Those are a few. Well, everything seems to fall under Psychology. You might have heard the same from professional traders or books like "Market Wizards", but believe me, you have to experience them in order to understand them.

When I first ventured into trading, I found those advices were simple, meaningless, nonsense. But now I realised that they were invaluable advices.

Lastly, practicing is very important. You have to spend a lot of time. If you have found a profitable system, make sure you follow the rules of the system. Don't exit the trade too soon, "let the profit run".
SUShighlowyat
post Apr 11 2014, 02:45 AM

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From: Fairtex Bangplee


QUOTE(babienn @ Apr 10 2014, 09:03 PM)
What MA are you using?  I'm using EMA 5 and 8

and for the wave pattern, im using 3 level zz semafor as shared by a forum member  cheers.gif
*
shared by me in previous version.. is not it?

that is the most powerful combination ive ever seen in my entire life
SUShighlowyat
post Apr 11 2014, 02:54 AM

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QUOTE(forexcoder @ Apr 11 2014, 01:28 AM)
Everybody seems to have his/her own style of trading. Some trade using indicators, some no indicators, some price action, support/resistance, trendlines, and some using instinct or feelings, and so on. Some are swing traders, some are scalpers. Anything can be profitable once you have learnt the art of trading using one or many of these specific methods.

For me, it is an art. The market is dynamic. Therefore, you have to adapt yourself. Through experience, you can master the art. For example, one can be profitable by just using one moving average. But he/she has to master the art of using and trading using that particular indicator. Once mastered, it's easy. I myself have been into trading for about 5 years now. I am still learning, trying to improve. It's a journey, you will become better and better with experience.

Some valuable experience which I have learnt are:
1. Let the profit run
2. Fearless
3. Discipline
4. Not greedy
5. Patience
6. Accepting losses

Those are a few. Well, everything seems to fall under Psychology. You might have heard the same from professional traders or books like "Market Wizards", but believe me, you have to experience them in order to understand them.

When I first ventured into trading, I found those advices were simple, meaningless, nonsense. But now I realised that they were invaluable advices.

Lastly, practicing is very important. You have to spend a lot of time. If you have found a profitable system, make sure you follow the rules of the system. Don't exit the trade too soon, "let the profit run".
*
Trading is a game of probabilities.

you are relying on a positive bias. Essentially, the trading system is saying "when 'x' happens... 'y' usually follows". Sometimes it doesn't. Most of the time it does.

And all your trading system does is help you identify high probability trades, enter then correctly
SUShighlowyat
post Apr 11 2014, 02:55 AM

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QUOTE(tdoptions1689 @ Apr 10 2014, 08:42 PM)
Hei hei hei,
I love this question. To me, combining Waves Pattern and MA are the most powerful and highest probability to forecast printing on charts. Because I am using both of those.  rclxms.gif
*
thats what im trying to say.. combining leading indi and lagging indi (technical indi).
9kingsir
post Apr 11 2014, 03:46 AM

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QUOTE(bulkbiz @ Apr 10 2014, 07:42 PM)
How much will you consider a cut loss bro?

1.5k is capital?
*
9pm till 12am.. The loss is based on price... But normally.. It's about less than 3% of total trade that day..

Capital is Usd 1k
babienn
post Apr 11 2014, 12:11 PM

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QUOTE(highlowyat @ Apr 11 2014, 02:45 AM)
shared by me in previous version.. is not it?

that is the most powerful combination ive ever seen in my entire life
*
Yes sir, the indicator and the whole strategy is indeed shared by you. thumbup.gif

It is powerful, but have to becareful because the indicator repaint. nod.gif
tdoptions1689
post Apr 11 2014, 02:07 PM

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QUOTE(babienn @ Apr 11 2014, 01:14 AM)
Ah I see, thanks for sharing  thumbup.gif
*
No prob bro. Using this chart could help me a lot on my trading direction, but it does need a lot of experience to adapt on it. Other than that, I have to see all the correlated for highest accuracies. Let's take EUR/AUD as example, we can see since from the Correction on 1H chart, the 1st breakout indicate a lot of strength for the TREND when the PA always get rejected approximate or between 10 SMA and 20 SMA. This indicate the trend was strong enough to push the price to further lower. After couple of rejection, we can see the PA started to penetrate 30 SMA and went above 50 SMA. That's indicate the trend was started to become weaker. It went back down once again, and build a very small gap of Lower Low. So this indicate the trend are getting more weaker now.

As for now on my reading, I believe it will reject on SMA 200 this time building a RANGE market PA. Then it will back to higher TF of DAILY on Long Bias. Additionally confirmation on USD/JPY to get support on 101.1x area, it brings a meaning of weaker Asian Currencies. So, entering a new SELL here on EUR/AUD, grab some pips of probably 100 pips and get out of the pair are the best choice.


SUShighlowyat
post Apr 11 2014, 06:42 PM

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QUOTE(babienn @ Apr 11 2014, 12:11 PM)
Yes sir, the indicator and the whole strategy is indeed shared by you.  thumbup.gif

It is powerful, but have to becareful because the indicator repaint.  nod.gif
*
that shud repaint because thats how it works.. she find the peak price.. and act as alert signal
MA is confirmation to enter trade, MA is not repaint

sometimes it doesnt work, most of the time it does
tdoptions1689
post Apr 11 2014, 06:46 PM

On my way
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Joined: Mar 2014
From: Puchong, Selangor, Malaysia


QUOTE(tdoptions1689 @ Apr 11 2014, 02:07 PM)
No prob bro. Using this chart could help me a lot on my trading direction, but it does need a lot of experience to adapt on it. Other than that, I have to see all the correlated for highest accuracies. Let's take EUR/AUD as example, we can see since from the Correction on 1H chart, the 1st breakout indicate a lot of strength for the TREND when the PA always get rejected approximate or between 10 SMA and 20 SMA. This indicate the trend was strong enough to push the price to further lower. After couple of rejection, we can see the PA started to penetrate 30 SMA and went above 50 SMA. That's indicate the trend was started to become weaker. It went back down once again, and build a very small gap of Lower Low. So this indicate the trend are getting more weaker now.

As for now on my reading, I believe it will reject on SMA 200 this time building a RANGE market PA. Then it will back to higher TF of DAILY on Long Bias. Additionally confirmation on USD/JPY to get support on 101.1x area, it brings a meaning of weaker Asian Currencies. So, entering a new SELL here on EUR/AUD, grab some pips of probably 100 pips and get out of the pair are the best choice.
*
As what I expected on my earlier reading, anyone who have followed have to be extra careful now and ready to be exit at anytime. Take more notice on USD/JPY, if it reaches on around 101.2x area, this EUR/AUD or GBP/AUD must be exit without hesitation. I think a closing week of ranging market, so a final EXIT on 1.469x should be the best chosen point and have a nice week of profit.

Lastly, hope you guys enjoy the weekend. After earning some, remember to spend it. If you can't spend all, I am ready to help you on spending. cool2.gif
rclxms.gif thumbup.gif rclxms.gif
tdoptions1689
post Apr 11 2014, 07:25 PM

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QUOTE(highlowyat @ Apr 11 2014, 06:42 PM)
that shud repaint because thats how it works.. she find the peak price.. and act as alert signal
MA is confirmation to enter trade, MA is not repaint

sometimes it doesnt work, most of the time it does
*
Seems a quite working strategy shared by sifu here. I think there is something useful maybe I could share with you guys here. Once ago, when I doing a studied on MA combination with WAVES, I found these are the most powerful combination. Don't ask me when, I just remember sometime back to the days. So I implement my strategy again to avoid any repaint for more accuracies, I found that WAVES, MA, S/R could only act as my Master Guideline. For more accurate on trade, I added another CANDLES study to the combination to avoid repaint or more capable setup. Try it, it really works.
nickcct
post Apr 11 2014, 08:33 PM

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Anyone FXCM here? The withdraw and deposit of funds is it easy using Debit card?
9kingsir
post Apr 11 2014, 08:38 PM

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Anyone recently went to FXNet seminar?

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