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 Forex Version XV, Foreign Exchange Market Discussion

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Supreme1394
post May 2 2015, 10:23 PM

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QUOTE(andrewcha @ May 2 2015, 10:20 PM)
Autotrade = the one that they called robot trading? so they just advertise for you to use only is it? No obligation right?
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autotrade is actually just a trade mirroring service. Means that you'll automatically copy other people's trades. Those "people" who provide you with the service get paid some commission and they can either use manual trading, automated or mixed icon_rolleyes.gif
Supreme1394
post May 2 2015, 11:07 PM

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QUOTE(andrewcha @ May 2 2015, 10:25 PM)
Oh liddat. so it will auto enter your trade since you already linked your mt4 on it? eh boss why you so free now spam here?
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Why I so free? Because I free lor brows.gif The tracking service provided by myfxbook is completely free with no strings attached. Up to you whether wanna use their autotrade service or not cool2.gif
Supreme1394
post May 4 2015, 03:22 PM

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QUOTE(poks @ May 4 2015, 02:46 PM)
I still think that'll still be risky. You can't tell people behavior. You may get him 20% this month, next month 5% then some might think you cheat them. Still the best is manage your own account.

Short eurusd?
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shorted, keeping my fingers crossed hmm.gif
Supreme1394
post May 4 2015, 03:40 PM

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QUOTE(poks @ May 4 2015, 03:31 PM)
I was short around 1.12, closed at somewhere 1.117.
Caution on shorting, i still prefer long happy.gif
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eh, you closed to fast liao, going down somore now tongue.gif
Supreme1394
post May 4 2015, 05:32 PM

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QUOTE(poks @ May 4 2015, 04:11 PM)
Oh is it? Careful... 1.11 looks nice worr...
anyway, is london open?
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Yea, 1.11 looks nice. London still open, from 3pm until 12 midnight
Supreme1394
post May 5 2015, 10:02 PM

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QUOTE(beyd @ May 5 2015, 10:01 PM)
holy crap sudden red bar..keh kehkeh
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lol, really roller costing now laugh.gif
Supreme1394
post May 5 2015, 10:10 PM

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that's forex for you laugh.gif Plus nfp coming up, so traders are going crazy, expect moar roller coasters laugh.gif
Supreme1394
post May 5 2015, 10:18 PM

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QUOTE(beyd @ May 5 2015, 10:15 PM)
what is NFP is it non farmer payroll? when does it occur? why it affect forex trade? can gimme some explanation? i`m still new..
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It occurs on the first friday of every month. Basically as quoted from FF :"change in the number of employed people during the previous month, excluding the farming industry". So based on this data alone, speculators would project whether the us economy is strengthening or weakening. But the volatility starts from tuesday all the way to friday, so it's a mighty dangerous time to trade unless you go scalping icon_rolleyes.gif
Supreme1394
post May 5 2015, 10:23 PM

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QUOTE(beyd @ May 5 2015, 10:21 PM)
oh thanks big bro, so basically the very first week of the month is volatile, haiz no wonder la red bar so sudden ohoho.
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no prob icon_rolleyes.gif
Supreme1394
post May 6 2015, 03:51 PM

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QUOTE(9kingsir @ May 6 2015, 08:03 AM)
its more dangerous for scalping during NFP release data... monday u still can scalp..

scalping its when no news..

if u playing NFP week..

u can play like this..

Set 50 pips SL.. 100Pip Tp..

or .. sell stop/buy stop after 50 pip.. TP 30-50pip..SL 30pip
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Thanks sifu notworthy.gif
Supreme1394
post May 6 2015, 11:32 PM

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QUOTE(andrewcha @ May 6 2015, 11:15 PM)
Fundamental wise I have little or no clue at all. Can ask other sifu here
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Because of good EUR news this afternoon and bad ADP Non-Farm Employment Change
Supreme1394
post May 7 2015, 06:25 PM

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QUOTE(sleepwalker @ May 7 2015, 03:16 PM)
The market does not always have volatility every day. After big moves, it usually consolidates as people need to build positions. For us, there is no such thing as liquidity since we are all betting against the brokers. All of our orders are entered immediately. For the real forex traders, they have to deal with liquidity.

After such a big move last night and the resistance at around 1.1365 shows there's still a lot of sellers at that point and not enough buyers to move. Now it will take some time to build up buyers again. This is when consolidation happens. 1.1365 is still holding for more than 12 hours now.
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Wise words, I'm also not entering now because of the big move yesterday, waiting for consolidations before entering hmm.gif
Supreme1394
post May 7 2015, 11:17 PM

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QUOTE(andrewcha @ May 7 2015, 10:17 PM)
can explain more and simple? Tak dapat.
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I also tak dapat actually laugh.gif But from my point of view, buyers can only push up to a certain extent until they get exhausted because:
a) buyers are no longer buying because they're thinking it has been overbought
b) sellers think price is too high, so they come in large numbers to fight off the buying momentum
c) banks wanna push price down so they can put in large buy orders again at a lower price before shooting back up.

QUOTE(9kingsir @ May 7 2015, 11:05 PM)
me for wealth.. haha.. full time
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I also full time laugh.gif
Supreme1394
post May 7 2015, 11:39 PM

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QUOTE(9kingsir @ May 7 2015, 11:35 PM)
to me... there is at least 2 scenario..

1. when market is calm and normal movement,, its the retail market movement
2. When volatility storm..  its market maker movement..

bcos market maker have the datas at all time.. they just need to figure to balance their profit without killing the market at 1 shot like CHF case..

so this game of profit can be prolong...
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who are the market makers? Banks? hmm.gif

This post has been edited by Supreme1394: May 7 2015, 11:40 PM
Supreme1394
post May 8 2015, 05:07 AM

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why is eurusd roller coasting at 5am? shocking.gif
Supreme1394
post May 8 2015, 06:15 AM

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QUOTE(poks @ May 8 2015, 05:42 AM)
Britain election first result 7am... avoiding euro & pound.
someone mush have leaked info cameron will win tongue.gif
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Eh, how does cameron winning affect eur? and actually how does election results affect the pound?
Supreme1394
post May 8 2015, 05:00 PM

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QUOTE(poks @ May 8 2015, 07:07 AM)
Lol... i'm not really good in fundamental. Need someone to elaborate.

That's why i stay away far far away smile.gif

Shorting crude oil @60 look promising :hmmm: ... drop that.

The reason why cameron win will affect euro? SOS

milliband leading.. eurusd 1.120 look nice. i'll probably wait a little more  biggrin.gif
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QUOTE(pai3355 @ May 8 2015, 12:22 PM)
Normally price moving against the currency about 1 week before the election. After the election result price will strengthen the currency, no matter which party won the election. Moments later traders will sell the currency to gain profit. So it is what we seen here at GBPUSD graph, price moved upward last night and later we should see price moving down
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Thanks for the info thumbup.gif

QUOTE(sleepwalker @ May 8 2015, 04:14 PM)
Actually.. yes... candlesticks themselves are indicators. Imagine trying to trade before the candlestick chart was introduced. All you will have are a set of changing numbers. Trading to a set of changing numbers.. that is real Price Action trading.  tongue.gif  tongue.gif  tongue.gif

However, nowadays, some claim to be trading price action without indicators by having an empty candlestick chart without realising that the candlestick chart itself is an indicator.  tongue.gif
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Hmm, you have a point. The bottom line is everything is just an indicator because nothing can predict the future. Everything is lagging data laugh.gif

Supreme1394
post May 8 2015, 05:45 PM

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QUOTE(JustForex @ May 8 2015, 05:40 PM)
if according to the news..the usd will be stronger during nfp tonight  tongue.gif
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feel like wanna short eurusd but sked cry.gif
Supreme1394
post May 8 2015, 05:58 PM

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QUOTE(csong60 @ May 8 2015, 05:48 PM)
Dun think it is a good idea.
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Deswai I sked, think I'm not gonna trade before nfp news la, better safe than sorry laugh.gif
Supreme1394
post May 8 2015, 08:37 PM

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usd strengthening icon_idea.gif

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