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 Forex Version XVI, Foreign Exchange Market Discussion

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Zanmai0146
post Jul 3 2015, 07:23 PM

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QUOTE(Alissa_1989 @ Jul 3 2015, 03:51 PM)
roughly can guess the outcome of greece vote. imagine urself are a citizen of greece, are you going to choose ur living under suffering or fight for better life ?
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Elaborate your opinion pls. What do you think?
Zanmai0146
post Jul 4 2015, 10:25 PM

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QUOTE(carrer @ Jul 4 2015, 09:19 PM)
Are you holding any positions?
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I believe yes. Else he will be holiday and relaxing now lor
Zanmai0146
post Jul 4 2015, 11:36 PM

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QUOTE(barbar554 @ Jul 4 2015, 11:12 PM)
I'm still holding a couple GBP pairs.
Doubt they'll be affected by the Greek news.
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Nobody knows what will happen. I'm taking this very serious too. Warning my student since last week never enter any position until Greek is done. I foresee this will affected EU GBP USD GOLD
Zanmai0146
post Jul 5 2015, 04:34 AM

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QUOTE(barbar554 @ Jul 4 2015, 11:49 PM)
Cleared all positions with the exception of a few pacific crosses.
Actually, there were massive GBP sell-offs in the last hour of London session on Thursday and Friday.
A lot of people closing out their positions.

Guess only time will tell what happens.
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Let's see what your predict is correct. I'm waiting for the huge gapssss to benefit my trading position.. Hehehe
Zanmai0146
post Jul 5 2015, 01:07 PM

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QUOTE(poks @ Jul 5 2015, 08:07 AM)
Lol, weekend planting time.... relax a bit smile.gif
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Weekend family time. Don't stress out.
Zanmai0146
post Jul 6 2015, 01:26 AM

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QUOTE(hujimy @ Jul 5 2015, 11:14 PM)
Which way will the EURUSD gap on Monday?

Another big weekend for Greece and another big opening for the market on Monday. Which way will we go this time?

What do we know about referendums and votes?

We know that in the majority of cases the early opinion polls lie. The most recent notable cases were the Scottish vote and then the UK general election. At times you couldn't get a fag paper between the results of countless polls yet both showed resounding final results

People and opinion polls are like traders and demo accounts. There's no fear because they are not real. There's not one single thread of fear in trading millions on a demo account but there is when you have to do it for real. The same goes for opinion polls. If people want to take a controversial stance, talk tough, make a protest then doing it where it doesn't matter is the easy option

Despite the polls showing the Greek referendum to be very tight I'm going to err on the side of history and put myself in the yes camp. Irrespective of the fact that this is a vote on the current deal put to Greece by the Troika many will see it as the start of whether Greece stays or leaves the euro

What's the risk to this vote?

My only thought that the Greeks could vote no is that they proved they are willing to make a bold statement, which they did when they put Tsipras in power and if he's still got their ear then they may be willing to follow. I'm just an outsider looking in though, like many of you, so we only have what little sentiment we get from the various Greek sources like Dimitris Papas (@papakias123), who just tweeted us that things are calm in Athens right now, and there's less riots than usual :-D (Good to see that the sense of humour isn't suffering), and @Yannikouts who is someone who is right in the mix of it, and he says that in his opinion, only around 15-20% of no voters and 5-10% of yes voters see this as just a vote on the deal. That shows what is really on the line

How will the euro react?

The euro is no Greek expert either and it will move one way or another. A yes vote should see the euro gap up and a no vote gap down. But how far can it move? A yes vote will bring a kneejerk move but won't remove the risk of continued negotiations and arguing, and it won't suddenly mean everyone they owe gets paid. Those will be separate hurdles we'll have to negotiate after

user posted image
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Let me ask u if you are a Malaysian and your economy been control my IMF since few years back and now they even demand more. More taxes and more pension funds.

How will you think of this happen in Malaysia? Will you willing to pay more taxes for the government debts? Your pension funds end up empty?

When you got $1000 in the bank, you only can withdraw $10. On my side, I'll put a NO for them. Is not the people nation fault. Is blame on government.

Vise versa to 1MDB case in malaysia. If we goes bankrupt and you will still vote for government? U will go which side? Protecting your benefit and gain ain't you? Even the GST had make the whole Malaysia goes crazy. How if you got no speaking power to your economy. Increasing gst to 10%?

Just my 10cent and example.

Zanmai0146
post Jul 6 2015, 02:48 AM

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QUOTE(9kingsir @ Jul 6 2015, 02:28 AM)
Then earn USD spend RM.. wahaha.. simpan duit at oversea..
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Since very long time ago i kept my cash in usd thb sgd. RM only just to clear my commitments laugh.gif
Zanmai0146
post Jul 6 2015, 05:57 AM

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QUOTE(csong60 @ Jul 6 2015, 05:45 AM)
Ha! Ha! EUR/USD gap down this morning  rclxms.gif  rclxms.gif
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Nice.. Waiting gold now.. Hopefully shoot up to 1200
Zanmai0146
post Jul 6 2015, 05:58 AM

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QUOTE(poks @ Jul 6 2015, 05:50 AM)
Expecting some malaysian politicians make funny comments on ringgit gaping today lol
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MYR only for chatting purpose. Let they say whatever they wan. We know the actual situation laugh.gif
Zanmai0146
post Jul 6 2015, 11:07 AM

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QUOTE(KeroroQ @ Jul 6 2015, 09:39 AM)
I love it when price fill the gaps, free money
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Got some quick bucks too brows.gif
Zanmai0146
post Jul 6 2015, 01:38 PM

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QUOTE(poks @ Jul 6 2015, 11:50 AM)
still waiting to fill in gold, just 200pips more lol
nooo... it's better you keep your money than try this setup..
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Suprisingly today market rebound in few hours time.
Zanmai0146
post Jul 6 2015, 02:16 PM

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QUOTE(jay_y @ Jul 6 2015, 01:58 PM)
Hi Zanmai,

You think gold can shoot all the way up to 1200 ? Hard to prove it through technical wise.

In terms of fundamental point of view, what do you think on side effects to GOLD due to Greece crisis?

Cheers
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Actually today was a disappointment for me. I'm expecting to see atleast gold open @1183> but it only reaches @1175

To 1200? Nope. That just a hope I don't expect such price just from 1 event. Greece crisis should have more or less slightly impact towards gold. As demand for Euro decrease it will turns to gold but do rmb.

Not only USD giving effect to gold.. Any others may will.
Zanmai0146
post Jul 6 2015, 04:58 PM

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QUOTE(KeroroQ @ Jul 6 2015, 03:29 PM)
But it may also turn to USD to brows.gif Just wait for price
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8pm later brows.gif
Zanmai0146
post Jul 7 2015, 12:08 AM

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QUOTE(InF.anime @ Jul 7 2015, 12:06 AM)
Anyone know Alvin gor, play forex until drive Bentley
Go drink and take pic with DJ Soda one time also spent 17k
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Wat to do with us? He not giving us money also
Zanmai0146
post Jul 7 2015, 05:37 AM

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QUOTE(InF.anime @ Jul 7 2015, 12:10 AM)
Forex earn money so fast?
See many young 20s earn big bucks drive conti buy bungalows, wear AP
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Compounded amount and if that happens on the good side. Yes.

Zanmai0146
post Jul 7 2015, 10:08 AM

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QUOTE(poks @ Jul 7 2015, 07:10 AM)
Ya, but mostly those how show off is having a high probability of being scammers. I still believe most good traders prefer not to talk about their trades.

This gold...
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rclxms.gif well said
Zanmai0146
post Jul 7 2015, 10:38 AM

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QUOTE(andrewcha @ Jul 7 2015, 10:27 AM)
Just want to ask some off topic question. We trade forex we use IB. We trade stock/share we open CDS account. Then how about those people that trade foreign stock/shares?
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Go see your CDS account, there's a foreign stock section. Which u can buy and sell using USD.. Then the local broker will covert the USD:RM and u pay to them use RM
Zanmai0146
post Jul 7 2015, 11:33 AM

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QUOTE(andrewcha @ Jul 7 2015, 11:32 AM)
So you mean we dont need to open foreign bank account to trade e.g. US stock/shares?
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actually no need if your local broker do offer foreign stock exchange. if I'm not mistaken CIMB does offer
Zanmai0146
post Jul 7 2015, 12:23 PM

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QUOTE(KeroroQ @ Jul 7 2015, 11:59 AM)
Yeap, go on, go join their group, lock 30% deposit,
give him chance to meet DJ soda more laugh.gif
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Ppl are so stupid. Rather let ppl lock their money than seeking for a correct guide.
Zanmai0146
post Jul 7 2015, 12:25 PM

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QUOTE(cmk96 @ Jul 7 2015, 12:13 PM)
anyone wired 5-figure amount (from US broker) into their saving account in m'sia before?

any tax?
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No tax.. Even u wired 1million into Malaysia.. If u have proper document and proof. You no need to worry.

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