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 Forex version XVIII, Foreign Exchange Market Discussion

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4lenAngel
post Sep 6 2016, 09:38 PM

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QUOTE(troller2 @ Sep 6 2016, 09:34 PM)
Thanks for sharing. What's ITM?

Looks like a good method. What is your win rate?
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Itm Means in The money.. which is in profit. Not here to brag about Win rate.. but im just sharing my analysis and chart. With good analysis.. u can even achieve 90% win rate .


4lenAngel
post Sep 6 2016, 09:47 PM

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As for this pair AUD USD i was watching the price action at 0.7656 ( 618 Fib lvl.)

i was waiting see a Pin bar, so that i can enter short
after the RBA meeting. As expected im in the trade for short.




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4lenAngel
post Sep 6 2016, 09:53 PM

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Still waiting for a breakout signal..

long term Monthly Income trade ! USDJPY (one of my favorite pair) is creating a channel though which a breakout can be expected very soon .


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4lenAngel
post Sep 6 2016, 10:02 PM

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QUOTE(troller2 @ Sep 6 2016, 09:57 PM)
Looks like you are trading many strategies.
I cannot trade complex strategies. Only simple and objective ones.
*
Yes Price action , Supply demand , Break out elliot wave. Theres always things to learn.. n its never ending.
Market movement are always unpredictable and always changing. FOr that u need to learn something new as u go on.

So its either u are a scalper , swing trader or long term trader.. all these are beneficial for you. (( I dont scalp!! )

This post has been edited by 4lenAngel: Sep 6 2016, 10:04 PM
4lenAngel
post Sep 7 2016, 09:17 PM

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QUOTE(bounty_hunt3r @ Sep 7 2016, 07:11 PM)
Have you guys used Maybank or Public bank to wire transfer deposit into forex account? The bank or BNM will kacau? if I wire transfer deposit like 5k-10k usd or more? Because obviously the account name has the name of the forex broker company account. Thanks guys
*
SHouldnt be any problem
4lenAngel
post Sep 7 2016, 10:31 PM

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QUOTE(Kimmiey @ Sep 7 2016, 10:19 PM)
i never withdraw. still can't make a profit
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Stop joining those MLM companies... learn by urself.. n make profit rclxms.gif
4lenAngel
post Sep 8 2016, 12:25 AM

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For me trading news is always dangerous.,. but i've seen people who trade high impact news n yet profit from it.
Most of them use the sling shot strategy . especially on NFP & PMI events. But the risks it carries are with brokers.. during these events .. the spreads widens. with this risks are with your stop loss.
During these news u can check out the live streams from fx street, he will give u alot of hints.

https://www.youtube.com/watch?v=l8xIysHDQmg




4lenAngel
post Sep 8 2016, 01:02 PM

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QUOTE(lowya @ Sep 8 2016, 12:43 PM)
please share what do u use to confirm for the trade entry?
*
Fibo & OB, OS and price volume.

This post has been edited by 4lenAngel: Sep 8 2016, 01:22 PM
4lenAngel
post Sep 8 2016, 02:37 PM

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@lowya Heres 1 trade i just went short..

Attached Image

GOLD Rallied on NFP.
I was waiting for GOLD to test 1347.70 and wait for the price action to short from that level 618.



Attached Image

Now i entered short as Price action shows 1347.70 is a good resistance level and a Doji formed. on 4H chart.

But please trade based on your own analaysis if any1 was about to take this trade. Nobody can predict the future movement of the market. THis is is just based on my own chart analysis on D1 chart and entry based on 4H. Any suggestions are welcome biggrin.gif thumbup.gif


This post has been edited by 4lenAngel: Sep 8 2016, 02:52 PM
4lenAngel
post Sep 8 2016, 05:53 PM

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QUOTE(echothreealpha @ Sep 8 2016, 05:14 PM)
No, it's great! Having your analysis (even when you make mistakes) are interesting, and reminds me that there's so much more I have to learn about Forex smile.gif
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Thank you @echothreealpha icon_rolleyes.gif
4lenAngel
post Sep 8 2016, 06:04 PM

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QUOTE(lowya @ Sep 8 2016, 05:57 PM)
fib, ob os are all state of price, not method of confirmation.

maybe u use vsa to confirm reversal entry off s/r.
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Yes i Use VSA as well, candle stick pattern.. and breakouts.
4lenAngel
post Sep 8 2016, 06:23 PM

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Yes for gold im doing counter trend shorting and expecting for pullback. While waiting for ECB. As u can see market movers are currently holding their positions at the certain high's and still struggling to go further up .
From the data predictions and research for upcoming ECB n unemployment claims im expecting a correction here for USD. ( The ECB is not expected to move on rates & U.S. stock index futures pointed to a marginally higher open and US oil has alrdy risen before the data)

SO with all these... im expecting for a bullish USD. But i could be wrong... its just my research & analaysis

This post has been edited by 4lenAngel: Sep 8 2016, 06:26 PM
4lenAngel
post Sep 8 2016, 08:58 PM

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Thx to the US unemployment .. gold is coming down and USD is on bullish biggrin.gif Time to short NZD USD n A U, but not EU.
GOod Luck
4lenAngel
post Sep 9 2016, 05:19 PM

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QUOTE(Kimmiey @ Sep 9 2016, 04:57 PM)
never join mlm. trade by myself, join telegram coaching and more. forex hardly to learn and understand, but still can make a profit. maybe my depo too little i think
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Doesnt matter if your dep is too little or what, But yes it plays a big part on how long u can hold your trades, But with a good reward ratio(money managemt) even 100 USD we can actually profit from it.
4lenAngel
post Sep 9 2016, 06:49 PM

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Attached Image

GBP-JPY



This post has been edited by 4lenAngel: Sep 9 2016, 07:20 PM
4lenAngel
post Sep 9 2016, 07:46 PM

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QUOTE(4lenAngel @ Sep 8 2016, 02:37 PM)
@lowya Heres 1 trade i just went short..

Attached Image

GOLD Rallied on NFP.
I was waiting for GOLD to test 1347.70 and wait for the price action to short from that level 618.
Attached Image

Now i entered short as Price action shows 1347.70 is a good resistance level and a Doji formed. on 4H chart.

But please trade based on your own analaysis if any1 was about to take this trade. Nobody can predict the future movement of the market. THis is is just based on my own chart analysis on D1 chart and entry based on 4H. Any suggestions are welcome biggrin.gif  thumbup.gif
*
Any1 took this trade ? Its Deep ITM biggrin.gif drool.gif
4lenAngel
post Sep 9 2016, 07:47 PM

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QUOTE(4lenAngel @ Sep 9 2016, 06:49 PM)
Attached Image

GBP-JPY
*
TP 1 - HIT.
SL set at Breakeven while rallying for tp 2

This post has been edited by 4lenAngel: Sep 9 2016, 07:47 PM
4lenAngel
post Sep 9 2016, 08:40 PM

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QUOTE(echothreealpha @ Sep 9 2016, 08:27 PM)
Yeah thanks for both tips man smile.gif
*
Welcome rclxms.gif
4lenAngel
post Sep 9 2016, 10:11 PM

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QUOTE(4lenAngel @ Sep 9 2016, 07:47 PM)
TP 1 - HIT.
SL set at Breakeven while rallying for tp 2
*
TP2 not hit.. as it hit the stop. Still made few out from it .
4lenAngel
post Sep 9 2016, 10:44 PM

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If any1 looking for some ebooks to learn Fx.. here are some e-books for download.

https://www.dropbox.com/s/nl9wfg7i9h2uio3/c...ummies.pdf?dl=0

https://www.dropbox.com/s/j13j10hs9je9qqn/D...rading.pdf?dl=0

https://www.dropbox.com/s/zg1joujhi56xqwm/F...elsohn.pdf?dl=0

https://www.dropbox.com/s/lltqc5jm1hfeuxm/L...alysis.pdf?dl=0

https://www.dropbox.com/s/9jiv6fhnm06uwya/B...arkets.pdf?dl=0

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