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 Forex version XVII, Foreign Exchange Market Discussion

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vergil88
post Jan 8 2016, 01:29 PM

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I'm a newbie in forex. So i started a blog to document everything i learn from start.
https://bensfxdiary.wordpress.com/
haha. hope to get some feedback from people so that I know that I'm in the right track. icon_question.gif

vergil88
post Jan 8 2016, 03:42 PM

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QUOTE(Pinnacle1295 @ Jan 8 2016, 01:52 PM)
You will know you are in the right track once your equity curve is moving upwards ;-)
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Ya, but for equity curve to move up needs the right trading practice. haha. still learning..
vergil88
post Jan 8 2016, 03:44 PM

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QUOTE(KeroroQ @ Jan 8 2016, 02:58 PM)
A great way to start is to document and journalize your analysis and trades! Good start man, will keep an eye on your blog
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thanks man. still learning. Now trading on demo account still.
vergil88
post Jan 8 2016, 10:10 PM

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anyone trading the NFP?
vergil88
post Jan 9 2016, 01:42 PM

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QUOTE(CallOfLegend @ Jan 8 2016, 11:25 PM)
I'm pure technical trader, i didn't trade news. But i'm not avoiding trades during news. The only time i will avoid to trade is when a particular pair with stalling price. The longer the time price is stalling the more dangerous it is. The calm before the storm.
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stalling is good right? that's when you anticipate for a breakout rclxms.gif
vergil88
post Jan 9 2016, 03:32 PM

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@Supreme1394 Do you trade NFP news?
vergil88
post Jan 9 2016, 05:44 PM

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QUOTE(KeroroQ @ Jan 9 2016, 05:05 PM)
Breakouts are quite an art nod.gif You must see where it breaks from, from which area/price zone,
how are the candles behaving. For TF analysis, instead of discarding, try looking and plot price
areas with strong S&R especially on weekly and monthly TF, those zones are usually strong laugh.gif
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Do you mean plotting using Fibonacci?

This post has been edited by vergil88: Jan 9 2016, 05:44 PM
vergil88
post Jan 10 2016, 01:32 PM

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QUOTE(phat_mcjack @ Jan 10 2016, 11:47 AM)
the only advise i could give from my newbies perspective is to do a proper analysis before you go with your entry and trust your analysis. if you want to swing, stop using ts. ts will ruin analysis even if your analysis were actually on your favor. you can use use different tf to confirm a reversal then manually exit a position with acceptable confirmation.
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TS or SL is still necessary no? because you can't be monitoring 24 hours and get out of the trade in case of reversal.
vergil88
post Jan 10 2016, 05:22 PM

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QUOTE(phat_mcjack @ Jan 10 2016, 04:22 PM)
SL is a must. as i always say, with proper risk management and money management, SL will not burst account although there might be slight losses. You need to understand and accept the fact that losses are normal in financial trading. What matters most is you are in the gain zone in the overall.
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Rule number 2: Don't lose your capital thumbup.gif
vergil88
post Jan 10 2016, 10:45 PM

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QUOTE(cmk96 @ Jan 10 2016, 08:46 PM)
Sound like you want to play swing and earn more pips from your trade... I never set stop loss.  Most ppl will not agree on this. Forex is tough... it will shake up those who are not confident enough in their trade... and the trend resume to your initial direction after awhile. My advise is...be patience.

[attachmentid=5751959]
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rclxms.gif rclxms.gif rclxms.gif wow amazing profit
vergil88
post Jan 11 2016, 05:47 PM

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QUOTE(duplicated @ Jan 11 2016, 05:45 PM)
Semua bucket shop dan tidak boleh dipercayai. Tapi kalau nak masukkan duit berjumlah kurang daripada 100k, tak ada masalah.

Tapi saya ni pemain besar, jadi kalau boleh saya elakkan diri saya daripada bucket shop.
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contoh bukan bucket shop?
vergil88
post Jan 12 2016, 07:12 PM

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*hides, waiting for pros to come out*
vergil88
post Jan 12 2016, 08:14 PM

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QUOTE(Supreme1394 @ Jan 12 2016, 08:08 PM)
Yea, there's lots of the 5% category forex people lurking here drool.gif Unfortunately, no one shares their trading secret on the internet sad.gif
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@Supreme1394 you can start with sharing your trading secret first rclxms.gif
vergil88
post Jan 13 2016, 12:28 AM

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QUOTE(Supreme1394 @ Jan 12 2016, 11:02 PM)
GBP continues to go down the drain rclxm9.gif
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high impact news?
vergil88
post Jan 13 2016, 12:49 AM

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USOIL (WTI) price drop drop drop like grapes. USD/CAD goes up up up
vergil88
post Jan 13 2016, 01:18 PM

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QUOTE(Supreme1394 @ Jan 13 2016, 12:15 PM)
Dunno, seems to be retracing heavily now hmm.gif
Small rebound i think, looking at the 1 day chart still in a strong down trend

This post has been edited by vergil88: Jan 13 2016, 01:19 PM
vergil88
post Jan 13 2016, 03:45 PM

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QUOTE(poks @ Jan 13 2016, 02:47 PM)
people... cool it down...
we don't want this thread closed by admin "again"....

better go trading... europe gonna open.
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15 minutes more!!
vergil88
post Jan 13 2016, 03:56 PM

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QUOTE(sleepwalker @ Jan 13 2016, 03:51 PM)
Europe already opened.. your 15mins more is for UK open.
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ohmy.gif UK not main market for Europe?
vergil88
post Jan 13 2016, 04:00 PM

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QUOTE(sleepwalker @ Jan 13 2016, 03:58 PM)
It's overlapped.. Europe Opens one hour earlier.. London follows and they overlap to create a larger market with more liquidity. So officially we refer to the openings as Europe open (not so important) and London open which will be in 2 mins.
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rclxm9.gif it's open!
vergil88
post Jan 13 2016, 04:17 PM

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QUOTE(poks @ Jan 13 2016, 04:06 PM)
lol.... why so happy?  tongue.gif

suddenly zombie woke up and start trading izzit  tongue.gif

still plenty of surprises to come... more reasons to be happy later  biggrin.gif
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ohmy.gif what surprises coming?

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