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 Forex Version XIII, Foreign Exchange Market Discussion

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7premium
post Apr 28 2014, 10:06 PM

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QUOTE(tdoptions1689 @ Apr 28 2014, 10:15 AM)
1 more tips maybe can help others.

It is obviously unhealthy trader to stay at midnight and still trading on the midnight. I also one of them and staying up at midnight that doesn't profit you at all last time. We have some best Geographic Location in Asia. Maybe GMT + 11 is the best to me, so I need not to wake up earlier. One explanation. You can just wake up at 8AM, wait for JAPAN and SYDNEY OPEN. Then on 3pm, you will have those BANKER coming in and 4PM for the UK and FRANKFURT OPEN. Then you move to 7PM for the STATES OPEN. So it is useless to stay on midnight, and it makes only unhealthy life.

Just my personal opinion. I went through those time wasting of staying up at midnight once ago.
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+1, ideal trading hours will be from 3pm onward till 10/11pm.


7premium
post Apr 29 2014, 02:38 PM

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QUOTE(tdoptions1689 @ Apr 29 2014, 01:22 PM)
Wanna some long term trade?

Put a BUY now on GBP/AUD. SL for 200 pips, targeting above 600 pips. Estimated trading time for 3-4 weeks position.  whistling.gif
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GA testing previously support turned resistance as seen on H4, am expecting a reversal, waiting for 1.80700 area to enter buy.
7premium
post Apr 29 2014, 04:43 PM

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QUOTE(tdoptions1689 @ Apr 29 2014, 02:49 PM)
I am expecting the reversal pullback will occurs somewhere around 1.833x, so it is pretty safe to me for entering now instead for waiting on it. It has bounces earlier, so I believe it won't have any pullback by now. Just my 2 cents opinion. cool2.gif  cool2.gif  cool2.gif

Additionally, if 5 PM closing candle are good enough to covered the bearish candle, I believe my theories higher possible on its way. brows.gif  brows.gif  brows.gif
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Showing sign of reversal as of now, but i believe overall trend is still up, waiting for this pullback in to be over before entering buy, will look out for pin-bar at around 1.807/808 area.
7premium
post Apr 29 2014, 08:40 PM

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QUOTE(tdoptions1689 @ Apr 29 2014, 04:51 PM)
Because of some shit Fundamental, it hits back some. But I expect it won't go so far maybe. I am getting ready to do another hit on the Aussie later. Maybe another couple of hours, showing some great sign it wanna go down more. brows.gif  brows.gif  brows.gif

Expected already, if not I won't close most of position just now. Forecasting are too high at 0.9%, it is hard to get on even at forecast with the shit fundamental drama forecast figure. doh.gif  doh.gif  doh.gif
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Yep, indeed will go down more, targeting 1.808 then 1.803 now, after that most likely will go UP UP n UP. More drama soon to move the price down drastically this week. haha.

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post Apr 30 2014, 03:12 PM

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QUOTE(tdoptions1689 @ Apr 30 2014, 01:09 AM)
Sorry for slow reply, just back from my weekly massage session. Don't see a point it will go there actually on your expectation. No more DRAMA till Thursday Evening for both of them, but KIWI DRAMA might give some impact on AUSSIE on tomorrow morning 9am. Hopefully this IMPACT will let the AUSSIE to give way. I bet tomorrow morning when I wake up, it shall already went up above 1.82xx maybe. 4H HAMMER had already show up, so next 12 hours shall on 3 BULLISH CANDLE. Hopefully those 3 candle will bring whole thing to 1.827x there. Good night, tired now after a great session. icon_rolleyes.gif  icon_rolleyes.gif  icon_rolleyes.gif
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GA otw to target, 1.808 is almost certain, won't be surprised if it hit 1.803 as well. Keeping an eye for PA at these 2 key-levels before going looooong till 1.82x cheers.gif

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post Apr 30 2014, 03:28 PM

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QUOTE(9kingsir @ Apr 30 2014, 03:14 PM)
ok... quick signal see if this works for u...

EA... now at 3pm - 5pm.. u can expect a bearish area till 148600 plus 5 pip tail.. then it will rise back to 1st level 148900 plus 3-4 pip tail..
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Agreed that EA is bearish for now, expecting 1.485, and a bounce from there..
7premium
post Apr 30 2014, 04:05 PM

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QUOTE(tdoptions1689 @ Apr 30 2014, 03:53 PM)
If it declined till 1.485x or below more, I will be in deep shit. cry.gif
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What's for sure 1.485x is a significant support, not just normal, if breached there'll be retest also. Expecting a bounce from there, PA will tell smile.gif
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post Apr 30 2014, 04:06 PM

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QUOTE(tdoptions1689 @ Apr 30 2014, 03:57 PM)
Mate, if accurate can go Zulu and build your reputation there with your trade. I can guaranteed you will be rich if your signal were accurate. cool2.gif  cool2.gif  cool2.gif
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+1, can consider http://www.currensee.com/ also..


7premium
post Apr 30 2014, 04:19 PM

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QUOTE(tdoptions1689 @ Apr 30 2014, 04:07 PM)
Current PA 1.486x should be the final approach there. If it goes below 1.485x, I think my trade will ended up at SL although I give another 30 pips on EXOTIC for my SL. cry.gif  cry.gif  cry.gif
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It's not unusual for price to go past key S/R level for 3hours and retrace back up in the final hour to leave a tail behind @H4.. all sorts of scenario can happen. But EA failed to break past resistance twice as seen on H1, so the downside momentum is strong at the moment. Nothing much to do I guess except to hedge or sit tight...
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post Apr 30 2014, 04:26 PM

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QUOTE(tdoptions1689 @ Apr 30 2014, 04:23 PM)
Yes, if it create tail and come back, of course it can. But if this is closing, to me it has already bypass, so it will change everything. So 5pm CANDLE are pretty critical to me. Only close above 1.4869 I can consider it is safe to me. Otherwise, all is threaten PA. cry.gif  cry.gif  cry.gif
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Yea, around 30mins to go, enough to do spike down n up, can sing bear bear go away, come again another day.
7premium
post Apr 30 2014, 04:36 PM

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QUOTE(9kingsir @ Apr 30 2014, 04:30 PM)
pls look at price now at 4.29pm... price linger at 148550 area.. lowest went to 148520..

anyone agree with me earlier price?
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I just checked H4 chart, if price doesn't bounce from 1.485, then it will bounce from 1.483.

1.485x at the moment, time will tell.


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post Apr 30 2014, 05:04 PM

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EA hitting significant support, 50pips bounce, if this momentum can hold for till this H4 candle closes, it will be a good sign to buy-buy-buyy
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post Apr 30 2014, 06:08 PM

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QUOTE(tdoptions1689 @ Apr 30 2014, 05:49 PM)
Nope, no more reenter. It is time for profit bagging now. rclxms.gif  rclxms.gif  rclxms.gif

cool2.gif  cool2.gif  cool2.gif
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Gratzz, survived the mini-storm, TP sooner or later yea wink.gif
7premium
post May 1 2014, 03:41 PM

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GU & GJ gonna do the classic fake down n UP.. let's see how it unfolds..
7premium
post May 1 2014, 04:01 PM

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QUOTE(9kingsir @ May 1 2014, 03:52 PM)
GA might go to 181240 first level.. if go down again is 181150.. give 3-5pips tail
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I kinda agree, watch for reversal at 1.8126 and 1.8116 levels.
7premium
post May 1 2014, 04:35 PM

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QUOTE(7premium @ May 1 2014, 03:41 PM)
GU & GJ gonna do the classic fake down n UP.. let's see how it unfolds..
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Classic move done, close long prepare to short icon_idea.gif
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post May 1 2014, 05:05 PM

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QUOTE(chaiychong @ May 1 2014, 04:52 PM)
erm.. what is "classic fake down n UP" ?
sorry, i am still learning something  smile.gif
hope can get some explanation on this  smile.gif
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The down move is fake, to entice people to go short, so that those trades will be in red when the real move (UP) take place. Technically speaking, the move is to retest the support to make sure it's firm first before going up.

Called it classic because the scenario is quite common especially before news/data release, fake up then down or fake down then up..



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post May 2 2014, 04:39 PM

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QUOTE(tdoptions1689 @ May 2 2014, 04:09 PM)
Come on USD, hit that Aussie. I need a breakdown and close below 0.926x for TRIANGLE BREAKOUT.  yawn.gif  yawn.gif  yawn.gif
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Down move may not happen anytime soon.
If the H4 candle closes above 0.927 later@ 5pm, can expect 0.9295 to be tested again.
For now, I will look for opportunity to long. tongue.gif
7premium
post May 2 2014, 05:37 PM

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QUOTE(tdoptions1689 @ May 2 2014, 05:22 PM)
A bit blur where does the Kiwi strength come from, failed setup if price go above 0.866x. Curious where does this strength came from.  rclxub.gif  rclxub.gif  rclxub.gif
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Kiwi bullish, but ultimate resistance test at around 0.867-868, that's where it's heading, most likely next week. can see that kiwi gonna take a short rest before climbing higher..
7premium
post May 2 2014, 08:11 PM

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QUOTE(tdoptions1689 @ May 2 2014, 05:48 PM)
Nope, it is not BULLISH to me on KIWI. It is just a short term on BULL, it is on ABC CORRECTION DOWN. I expect to see a big big big DOWN MOVE on KIWI next week. I just saw 3 CANDLES on BULLISH for DAILY, so a Big Correction might come next week. wink.gif  wink.gif  wink.gif
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At the moment bullish still what, I believe it will be bullish till 0.867-868 area, after that correction is due cheers.gif

Btw, anyone else shorting EU ahead of NFP ?

This post has been edited by 7premium: May 2 2014, 08:28 PM

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