QUOTE(9kingsir @ Apr 5 2014, 12:59 PM)
Oh, I though is a career opportunity here for some trader out there. Then it is ok. I just thinking to share a Trader Career Opportunity with someone here.Forex Version XIII, Foreign Exchange Market Discussion
Forex Version XIII, Foreign Exchange Market Discussion
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Apr 5 2014, 01:15 PM
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#1
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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Apr 5 2014, 01:30 PM
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#2
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
Hi,
Seems everyone is discussing how real is their broker. Let me tell you guys something. I am 11 years in Financial Industry, we have Marketing Team, Technical Team, Back End Team. So what I wanna tell you is, no broker are absolutely clean. It is all on grey sided. They tell you it is direct ECN or major banking best price, but they won't let you know who their liquidity provider is. Half of them believe broker hunt stop losses especially those love to use high leverage with always high margin used. It is absolutely true and they love hunt during High Impact News due to the volatility and retail traders speculations. Pro Tech Trader always avoid high volatility, with good Money Management. Always seeing that a lot of them mistaken never risk a single trade with 2% - 4% , but how many trade have you open? It is the same thing bad MM if you open too much. What I can advise here, avoid High Impact News, keep your DD below 15%. Pro Trader will always keep below 8% or even around 5% to avoid hunting scenario. Hope it help.s |
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Apr 5 2014, 06:23 PM
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#3
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(9kingsir @ Apr 5 2014, 03:10 PM) If u can advertise how good u r .. We Oso can do that.. NO need back end team....if u r a retail trader....many gurus here earning very profitly in silent mode. Unfortunately, I am not advertising how good I am. I am just sharing some information, and I hope I could share more career opportunity for trader in foreign exchange who are really capable and consistence to earn more. I am a trader, and also run a program and a funder to capable trader so of course I need Marketing Team, Technical Team, Back End Team and of course more profitable trader network. Unfortunately to say, I have 19 traders from all over the world under my network program, none of those is Malaysian. Nobody will says, hey, my money is too much so I just act silence because I don't want to earn more. Especially, my program don't waste time with newbie trader. Not with those classes that act to be pro, telling someone couple of month could expertise on trading foreign exchange so just pay me the monthly fees and I'll teach you. That's bullshit to me because it took almost every profitable trader years to master or not those IB teaching program telling someone you know how to trade in couple of weeks. And I am no shy to says, it took me 7 years to become profitable trader in foreign exchange.Thanks for your comment. I love sharing, because sharing means caring. Smart person will take those advise. |
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Apr 6 2014, 07:13 AM
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#4
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(zDarkForceSz @ Apr 6 2014, 12:00 AM) haha silent mode is good Hi,I do always advice people to demo and find your own suitable strategy until you can consistently making money then only jump in to real trading world. Build your own strategy and stop following people's signal. We can rely on people's signal forever! You need to have your own way to be in that 2%. As always you need to put in your effort and you will get a good result one day! Listen and keep in your mind can save you from blood spill. I personally met and told @9kingsir, is not easy to make money in forex, you need spend your time & energy and do research. He listen and learn, and he save himself a lot blood. No need to go through those sh!t I passed through. Those high & low time, no one understand except yourself that facing that sh!t. I hope what I taught @9kingsir that day is still useful in his trading today. Indicator is a lagging tool, don't rely too much on it. Debate on broker is just a waste of time since I got no issues with my broker and I get my profit to feed myself. And I know some member here do feed themselves from forex's profit and bought property and etc. Trading Forex is about involving yourself in a Bull & Bear war fighting each other from level to level or support to resistance & vice versa. There is a place called the "no man land" in a war because that area is bound to get bombard from both side artillery shells. If you do not aware of that, the chance of getting your SL hit is very high, even if the direction of your trade is proven right eventually. How to get the right entry timing outside the "no man land" is the only thing that what we worth debate for!!! There are some I don't really agree on you. Believe me, don't ever trade on DEMO account. Demo is absolutely not a place for NEWBIE trader, DEMO are for the people who is trying their EA or ROBOT maybe more people will know. If someone really interested treating forex as your future career, learnt it even in MICRO account or even CENTS account. REAL MONEY and EMOTIONAL come in play a big role if you are SWING or INTRADAY trader. Human being only learnt their own lesson when they feel hurt, they won't wake up when there is no hurt. I have see a lot of them doing well in DEMO, but by the end they starting to scare money when they are on real account .Own strategy actually not so hard to find. Be creative to create something suitable for you. SETUP is nice, go in. SETUP has failed, take the small loss and get out, wait for the new SETUP. When come across everything and gained all the experience needed, you will know everything is actually BACK TO THE BASIC. Automatically will awake during learning days, making it too much complicated, confusing and contradicting from a good strategy. Hope it helps. This post has been edited by tdoptions1689: Apr 6 2014, 07:19 AM |
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Apr 6 2014, 07:17 AM
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#5
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(toughproblem @ Apr 5 2014, 08:30 PM) Thanks for sharing the useful information. Go ForexFactory. Join the EUR/USD and GBP/USD thread. There are some trader there sharing great information such as KenA, DailyChart and also 2012Mysterio. They all are pretty qualified trader and sharing a lot of information from them. 2012Mysterio is from Canada, and we have the best relationship there. We always share our view and I help him a lot on his trade.7 years is not a shy figure. Recently, i have actually follow the trade advices from some traders with different experience levels, all are self claim to be professional traders, gurus, or currency analyst, but almost all are not profitable. Some of them have 2 years experience, some have 4 years, but all are losing. Only one professional trader with 11 years experience able to generate profit. Hope it helps. This post has been edited by tdoptions1689: Apr 6 2014, 07:17 AM |
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Apr 6 2014, 02:14 PM
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#6
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(babienn @ Apr 6 2014, 10:10 AM) Although what you said kinda makes sense, but still I encourage people to go demo first, then micro account. Yeah, maybe a lot of people will disagree my suggestion. But to me, since you have chosen to attached on trading, you have to pay the bill to learn or study just like when we took education in college we have to pay the bill. It won't kill anyone if using a Micro or even Cents account. But the whole scenario will change and the same EMOTIONAL TRADING on real next time are same. Just be patient on MICRO and CENTS, don't look at the amount how much you losses and how much your earning is. Even earning 20 cents per week trading, but it is still real money and you will learn something if you take the losses on real money. Try more not to focus on the figure amount of money, focus on how many pips you could bag every week. For me, mastering CONTROL of EMOTIONAL TRADING and MONEY MANAGEMENT is the hardest part in trading.Hope it helps. |
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Apr 6 2014, 02:21 PM
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#7
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(denver1347 @ Apr 6 2014, 10:28 AM) Yes, HotForex indeed is good for retails trader and it has the best reputation currently in the world with their service and security of fund. Although most of my fund is in HotForex and my trader network there, but I still don't recommend someone with them or using MT4 if you are opening a single position with 10 Standard Lots. You will always get re-quote when open 10 Standard Lots, and of course you won't get the exact price you have seen. Be prepare to slip for couple hundred of bucks if you are using MT4 or some retails broker for 10 STD LOTs above. I heard someone telling me it is better execution on MT5. But I prefer to use cTrader on big fund and seldom occurs large slippage. |
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Apr 6 2014, 11:31 PM
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#8
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(toughproblem @ Apr 6 2014, 03:21 PM) Nice info bro. This really save me a lot of time. Oh my gosh, I am absolutely agree what you have said. Following some other people signal, doesn't mean someone are just only following if they know how to ask themselves why this guy open, and why this guy close the trade. Trade advice and those experience shared by qualified trader are extremely important for updating and mastering trading skills. Appreciate your advice, master zDarkForceSz. You seem like a nice guy, since you are willing to sacrifice your time to teach others how to trade forex by meeting face to face. Trading other's people signal doesn't mean that one do not develop his own strategy and doesn't mean that one do not put in effort in his trading. Looking at other people's trade advice is a good way to improve our winning percentage. This is to find out are there any people in this world can do better than what we achieve at this moment. The world is so big and there are so many possibility. Even you can get no. 1 here, you may be the last in other places. We must prepare our-self in case the only strategy that we developed failed to work in the future. "No man land" warfare is outdated about 100 years ago since the end of world war 1, nowaday people are fighting "maneuver warfare" which focus on high mobility. Today if you still holding ground and create a front line against your enemy in between a "no man land", your enemy can simply eliminated you by airlifting one battalion of soldiers to attack your back or flanks using high mobility helicopter. So things can change, just like a broker, it can go bankrupt, spread and slippage widen, become outdated when all new brokers are start to use 5 digits quotes while your broker are still using 4 digits quote or mix 4 digit and 5 digit instruments together which make the trader feel uncomfortable. So we must prepare our-self in case our broker gone bad. It is no harm to spend a little time to look at other brokers. Don't confine yourself inside a small pool. Forget one thing, after world war 1 people are actually fighting "Trench warfare" in world war 2 before shifting to the popular "maneuver warfare" in the modern era. Note that during world war 2 people are not trading currency and currency trading is only introduced after world war 2 due to the big fluctuation in currency observed in WW2. Things are actually changing all the time. One more thing I don't agree are someone saying on Lagging Indicators. Human being love to defend themselves they are always the right person in point when they can't master something in the correct way. I know many books has says those are lagging indicator, never use on it. It is the matter on how you read those indicator, and how it works for you better on future prediction or I prefer to say it as master guideline for market movement. I am fully a Tech Guy in trading, or Technical Trading. As I says earlier on my post, when you have went across all the days, you will start to understand everything actually just BACK TO THE BASIC. I have met a lot of Trader, and they are wondering on me how I trade with such simple chart or what they called Lagging Indicator without drawing a lot of Trend Line, Diagonal Trend Line, Fibonacci, Channeling or so on. Yes, that's my trading style and it makes me feel absolutely comfortable without any confusion and contradiction. When I say back to the basic, it really back to the basic. I just need couple of MA and S & R for my charts as my master guideline. With the addition of my studies on Candle Pattern and Wave Analysis, that is much more easier. It is fully depend on how you interpret and master those indicator, not the matter it is lagging or not. Technical Trading doesn't mean I feel Fundamental was useless, we do avoid the volatility of Fundamental as for us it is just kind of luck trading and speculations from the Retail Traders. But does Fundamental really useless for trading? I don't think this way. It is the matter on how you interpret and forecasting those figures on High Impact. Yes, broker need to do in depth research because no matter how good you have master trading and profiting, your broker can't pays you means you are nothing. Just an example, most of the Malaysian are using InstaForex. They though they are safe broker, just because a lot of IB is drawing a nice picture to them. So they don't know they are using an unregulated broker, getting dropped and revoked license by IFSC on November 2013, can't pay those International Trader that are really qualified and profiting, voted SCAM in most review, and the most part are on the Technical. And example they are still offering 4 Digits trading, a 3 pips spreads on the Majors, 7 pips on the Crosses, 10 pips on the Exotic, and even 60 pips on the commodities. But actually most of the Broker has already doing 5 digits trading, ECN trading, or even fixed spread 1.2-2 pips on the Majors, or 20 pips on the Commodities are already consider high spreads. So doing some research on broker before starting trade with them is a must. |
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Apr 7 2014, 12:05 AM
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#9
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(zDarkForceSz @ Apr 6 2014, 11:18 PM) Is still working in forex. As I says earlier, even ECN broker are still on GREY AREA and no broker is absolutely clean. Just what I mentioned earlier, your broker doing the same thing. They will always tell you no Dealing Desk, direct dealing with BANK or so called liquidity provider, but none of them directly tell you who their liquidity provider is. I think toughproblem mentioned on signal, actually hoping looking to find some area with some true trader that could share on experience what they are trading, so he can go through slowly on their trade and learn from them.Why 98% retail traders fail because they enter their position in the "No man land" using tight SL. The broker thing I repeat quite a number of time last year. Pick yourself a regulated ECN broker will be fine. Dealing Desk will always have some problem. Maket Maker broker like INSTAFOREX is those type that can manipulate the price on different client's chart and manage their execution order. If you really want to know where is your trade is from, then use my broker Global Prime AU and request the f***ing receipt! I had enough answering the simple question over and over again years over years. BTW the signal thing. I try everything in my early days of trading and nothing is working. Lose more than what I win. Can't even cover and eventually burn~~~ Spend money here and there buying this signal that signal, all non sense -.- Trust yourself, believe what you can achieve, and you put in all your effort, so you will success. I mean no harm or lanci or what ever sh!t. I just don't wish to see people's blood flow like river, like what happen to me few years ago. @9kingsir knows what I meant hehe - DarkForceS |
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Apr 7 2014, 12:08 AM
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#10
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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Apr 7 2014, 01:08 AM
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#11
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(9kingsir @ Apr 7 2014, 12:44 AM) I straight to the point.. Be it harsh or taken softly... If u wanted to share tips..we r gladly to hear about it.. If u wanted to do recruitment a.. Please use PM... If u wanted to share that u have achieve something.. We tumpang happy for u.. And morally support it by 100000000000% plus horrraaayyyyyy.... If u can advertise how good u r .. We Oso can do that.. NO need back end team....if u r a retail trader....many gurus here earning very profitly in silent mode.If u need a team to build on whatever network, then advertise in a proper channel... Since u r a funder.. I believe few hundred won't hurt u a bit.. If that is the second part is referring to me.. I would like to say..I m still learning...maybe I learn faster than others.. I m not economist, I could fail in maths, I might be a school dropout, but today I m better than yesterday in forex...so b4 u know me... Please keep harsh word to yourself... Regards... These are the words from your side. I never meant harsh with anybody here and I think my post always shows there is some reason of my view, and I know how to respect others. From the beginning, I didn't telling or advertise how great I am. Above words are from you on the 1st post to me to challenge my team. I do have back end team and we have all of our own role. It is none of your business isn't it why I need a back end team, so what the fxxxing matters you challenging my Program and my Team? Who do you think you are? Challenge me or my team only you are qualified or just step aside if you are just those live in a small pond thinking he is good enough. So I meant to be harsh with you now since you are challenging me and don't know how to respect other person career or business or team. I won't ever says I am the best in trading, even though I am a profitable trader now, but I still recruit on more profitable trader. Just because 1 reason, I don't put all my eggs in 1 basket and I don't mind my money growth with other resources. You are too arrogant and disrespect to others, it is hard for me to explain to those living only on their own world. |
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Apr 7 2014, 03:06 PM
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#12
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(danokchonger @ Apr 7 2014, 02:03 PM) a lot of ppl who started out in forex do not realize one important aspect ..... self realization. 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.if i put out a price chart without any indies, 10 ppl will interpret it 10 different things/ways based on what they observed on the chart. then when u ask to draw trendline, they will come up with various lines. add an ma, they will tell u different interpretations. the more thing u put, the more variant r the interpretations. that is the reason many failed as they just blindly adopt a trading system developed by others without further thinking, analysis, investigation. in the end they just could not realized what those developers 'see' for themselves. many thought that mechanical trading systems with a pre-set of rules is the sure thing but they did not realize those developers r seasoned traders themselves who has been poring on charts for yrs n sometimes the thing they see they could not put in words, n sometimes they themselves did not realize the type of attributes they see comes in auto mode n could be crucial in the decision making or most times they just wud not teach others this added 'edge' - u just hv to dig it out urselves. when newbie failed on a system or indies, they hop to another n the cycle repeat itself, blaming the system, blaming the indies, blaming sl, s/r, whatnot. but nvr look at themselves n not realizing that everybody look at the chart just like how we look at the world - thru' our own lense, our own conditionings. |
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Apr 7 2014, 11:04 PM
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#13
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(denver1347 @ Apr 7 2014, 07:45 PM) Hi,I am currently using Divisa Capital. The best ever cTrader platform I ever trade. Low spreads on EUR/USD seldom occurs on 0.4, normally is 0.2 - -0.2. So even you open and with a green sometime. LoL. Good commission base on USD 3 per STD LOTS. Being establish since 1993, fund segregated by Citibank. But sometime there are someone talking about they aren't regulated by the NZ Securities Commission, but actually the NZ securities commission does not regulate spot forex. Being a forex broker and regulated by NZ securities commission would mean they have a futures licence, which does not apply to FOREX. Therefore they dont need NZ regulation. I am not sure whether they offer Mini Account, but as I know the MIN are 10,000 (0.1 Standard Lots), Maximum Leverage are 100:1. There are plenty now I think offering such as Pepperstone, ThinkForex, IC Market but yet to try with them. I will never recommend on FxPro, freezing too much. This post has been edited by tdoptions1689: Apr 7 2014, 11:05 PM |
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Apr 8 2014, 10:45 PM
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#14
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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Apr 8 2014, 10:48 PM
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(bulkbiz @ Apr 8 2014, 10:26 PM) If you are serious in trading business, no demo, go with live account, feel the emotional up and down, trust me, no wrong. Absolutely. Even CENTS account will have the true feeling, true emotional. DEMO is just for testing on EA, not for the newbie. They won't realize or remember their mistake on DEMO. Just like playing Candy Crush, mistaken move will say, It's All Right, just wait for 30mins for another life. Demo, just refill. They will never find out where their mistake is. |
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Apr 8 2014, 10:53 PM
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#16
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627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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Apr 8 2014, 10:59 PM
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#17
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
SELL on EUR/AUD now. Anyone with me? SL for 100 pips. 400 pips LIMIT keep in view. I love EXOTIC. :thumbs:
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Apr 9 2014, 11:44 AM
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#18
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
QUOTE(tdoptions1689 @ Apr 8 2014, 10:59 PM) 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. |
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Apr 9 2014, 12:02 PM
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#19
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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. This post has been edited by tdoptions1689: Apr 9 2014, 12:06 PM |
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Apr 9 2014, 12:28 PM
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#20
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Senior Member
627 posts Joined: Mar 2014 From: Puchong, Selangor, Malaysia |
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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