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 Forex Version XVI, Foreign Exchange Market Discussion

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csong60
post Jul 1 2015, 11:41 AM

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QUOTE(jack2 @ Jul 1 2015, 11:33 AM)
.....  but charge me $100 per hour
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Huh ??
csong60
post Jul 1 2015, 12:59 PM

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QUOTE(Zanmai0146 @ Jul 1 2015, 12:51 PM)
I had meet a lot ppl like this. So immune already. And fact that he mention I already told him the reason.

He wanna bring it up again. I can not do anything. Just let the ppl here judge themselves.
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csong60
post Jul 1 2015, 01:18 PM

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QUOTE(9kingsir @ Jul 1 2015, 01:05 PM)
even zanmai wan charge up to 90% for his service is up to the person willingness to pay.. we cant judge him by saying expensive.. u think its expensive or not worth it.. then dont subscribe his service at first place.

Once u join.. dont complain...its all about financial.. not a place charity..
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Well said ..... it's a willing buyer willing seller basis.

csong60
post Jul 6 2015, 05:45 AM

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QUOTE(carrer @ Jul 3 2015, 03:02 PM)
Hopefully next week no more gaps.
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Ha! Ha! EUR/USD gap down this morning rclxms.gif rclxms.gif

csong60
post Jul 8 2015, 04:57 PM

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QUOTE(poks @ Jul 8 2015, 04:37 PM)
Usually they are called IB, investment broker i believe.
they do transaction for the actual broker where they eat spread only.. i think la smile.gif
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I think they normally refer IB as Introducing Broker. And yes, they share the portion of the spread between the actual broker.

csong60
post Jul 10 2015, 07:35 PM

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QUOTE(kensh!!n @ Jul 10 2015, 12:27 AM)
Hey guys anyone here using Ichimoku?

I'm not a fond of indicators but this really attracts me
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I have the following ebooks on Ichimoku. PM me if interested.
csong60
post Jul 15 2015, 09:19 PM

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QUOTE(Imleonardlim @ Jul 15 2015, 09:12 PM)
Just buy xauusd 0.4 at 1149.70
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Huh! BUY? What timeframe is your analysis?

csong60
post Jul 15 2015, 10:20 PM

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QUOTE(Imleonardlim @ Jul 15 2015, 09:43 PM)
My belief in gold is strong. I want it raise back to 1155. I will take profit alrdy. Stay tuned biggrin.gif
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There is no right or wrong. I really admire your confidence in your belief notworthy.gif notworthy.gif

csong60
post Jul 17 2015, 09:24 PM

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QUOTE(yan7 @ Jul 17 2015, 06:58 PM)
tonight or next monday, gold will raise, in a spike between 15 ~ 25 points,
i bought at 1145,
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ANy reason why you BUY @ 1145 rclxub.gif rclxub.gif
csong60
post Jul 20 2015, 10:23 AM

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QUOTE(k-oi @ Jul 20 2015, 02:18 AM)
Are u using fxcm? Becos i know they do charge 40usd for wd using wire transfer..
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I am with FXCM & yes, they charged US$40 for wire transfer withdrawal :-(

csong60
post Jul 22 2015, 09:58 AM

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QUOTE(ivychai @ Jul 22 2015, 09:10 AM)
Giving signal here also wrong, also kenak shot..

Ok lo.. like that i wont give anymore..

btw, who said GOLD signal i gave sure SL?

come on la.. even warren buffet wont be so sure.. although he so rich d
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csong60
post Jul 22 2015, 09:16 PM

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QUOTE(KeroroQ @ Jul 22 2015, 08:38 PM)
Good, but your trendline connect wrong the wicks, if not you should have
caught the move early icon_rolleyes.gif
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KeroroQ, is the SL line indicated on your chart the "trailing stop"?

csong60
post Jul 23 2015, 02:10 PM

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QUOTE(KeroroQ @ Jul 23 2015, 01:57 PM)
managing our risk and efficient stop losses are ways to win the marathon icon_rolleyes.gif
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csong60
post Jul 23 2015, 04:35 PM

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QUOTE(Zanmai0146 @ Jul 23 2015, 04:14 PM)
Hello, hows your day? waiting for CHF news later. hopre to steal some nice pips
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May I know what time CHF news? How come not shown in ForexFactory calender? Thanks.

csong60
post Jul 23 2015, 04:38 PM

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QUOTE(Zanmai0146 @ Jul 23 2015, 04:37 PM)
Sorry, iPhone auto correct. Is CAD retail news.

Some mistake. My apology
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No problem! Thanks.

csong60
post Jul 31 2015, 10:02 PM

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QUOTE(alexander89 @ Jul 31 2015, 09:23 PM)
Usd versus any pair sudden surge. Anyone know why
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Dollar drops after employment-cost index report
https://www.mql5.com/en/blogs/post/645717?u...ce=MQL5+EN+Blog


csong60
post Jul 31 2015, 10:23 PM

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QUOTE(sleepwalker @ Jul 31 2015, 10:15 PM)
That report has minor affect to the USD. Today is the last day of the month. At the end of every month there is always a repatriation of funds back to Euro. Everybody's been selling EURO since FOMC (which really hinted at nothing) and the whole day today, nobody wanted to purchase the EURO even though they have to do it before the month end. All waited until the last moment, the final news before all going in to buy the Euro.

Institutional purchases like these have to happen irrespective of the conditions and you can see this trend close to the end of the month. Usually more obvious in cases like this month when there was selling pressure after FOMC but institutional purchases of EU still have to continue.
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Thanks for your great feedback & comments. Much appreciated.
csong60
post Aug 3 2015, 07:54 PM

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QUOTE(9kingsir @ Aug 3 2015, 06:10 PM)
withdrawal over RM 200,000 need declare..

I did oredi this year...

show transaction and trading records.. no issue..
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Hi! 9kingsir,

If I may ask, is the declaration made to the bank or Bank Negara? Any special forms to fill?
Thanks.
csong60
post Aug 3 2015, 08:27 PM

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QUOTE(9kingsir @ Aug 3 2015, 08:23 PM)
first u need to go BN.. ask for an officer help.. say u wan make an official declaration withdrawal of more than RM 200k. then u given a form and u need write a letter of declaration.... if they ask u transaction.. then u submit together
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You mean to say make an official declaration BEFORE withdrawal, and not AFTER? Any issue if we mentioned that the monies are from forex trading?
Thanks again.
csong60
post Aug 21 2015, 09:08 PM

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QUOTE(carrer @ Aug 21 2015, 08:34 PM)
Actually you can also use indicators. Fundamentally you have to understand how the price react, price action.
Most importantly. you have to find an edge. For example, in a casino, the house will always win because they have the edge. Let's say the player has 45% of winning chances and the house has 55%. In the long run, statistically, they know that they will make money. That's why the house will never go bust.

You have to find something similar. Maybe you found an indicator, where you can produce a positive expectancy, in the long run, you will make money.

I am giving you an example:
your risk-reward ratio is 1:1.
your win rate is 60%.
This is a profitable system.
All you have to do is take all trades and apply some money management strategy (ie. risking 2% of your total equity).

Now, if you can find an indicator or price action or something else which gives you a positive expectancy, you will make money.
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QUOTE(carrer @ Aug 21 2015, 08:46 PM)
Just to add,

One of my biggest mistake was I wanted a 100% profitable system a.k.a. a holy grail, no loss.
I realised that I have ditched profitable systems a long the way in my search for the holy grail.
When you are looking for something perfect, you tend to discard something which is not perfect but actually profitable.
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Really appreciate your great comments in your latest 2 postings!

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This post has been edited by csong60: Aug 21 2015, 09:09 PM

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