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 Forex version XVIII, Foreign Exchange Market Discussion

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4lenAngel
post Sep 10 2016, 12:34 AM

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Head & SHoulder formed on Daily chart . Short EU when the neck line breaks Thanks !

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4lenAngel
post Sep 10 2016, 01:31 AM

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Just saw this At the right time!!! Im placing Long. Or Place BUY Order after @ 138.35

Dont miss this .

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Im sure u guys see the price action @ 134.970

MY

TP 1 - 144.0
TP2 - 154.20-30

SL - Tight SL..

This post has been edited by 4lenAngel: Sep 10 2016, 01:36 AM
4lenAngel
post Sep 11 2016, 03:26 AM

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Massive swing / technical pips expected. Be armored and ready to catch. Remember to use fundamental / economical calendar to support your technical decisions. September going to bring lots of volatility with all major traders coming back to work. Make the best use of it!

I'm going to swing the neck of this market this month... really, that's about time to stop playing and start cooking pips like master pip chief!

This month gonna bring back the volatility. That's our time to conquer!
4lenAngel
post Sep 12 2016, 01:00 AM

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QUOTE(echothreealpha @ Sep 11 2016, 06:01 PM)
It's gonna be a volatile month? Damnit.

I'm actually starting out with a 100 dollar account and trying to make a respectable profit by the end of the month before I really go into Forex for real.

Currently, targetting a 10-15 USD profit. Is that too high?
*
5% R/R Ratio would be a good idea. DOnt think volatility is a bad news... but if u trade properly in a good way.. it could be very profitable. U need to know when to enter the market so that u wouldnt have so much drawdown. For example.. when market is alrdy showing a bearish/bullish trend, wait till it pull back and on the 2nd wave is the right moment to enter and set your trailing stop.
4lenAngel
post Sep 12 2016, 01:18 AM

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Fxstreet, Fx Traders Daily.

4lenAngel
post Sep 12 2016, 03:34 PM

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QUOTE(MNet @ Sep 12 2016, 07:57 AM)
where can I find good copy trader?
*
e-toro
forex4you

4lenAngel
post Sep 12 2016, 04:07 PM

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Price has completed an ABCD pattern back to a key support zone in yellow. Expecting this breakout to happen on london session.

I took a long position @1.326 hoping to ride this till 1.35 which is my TP 2
And my TP 1 @1.3445

SL 50 Pips below.

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Add ON : (Those who into Harmonic pattern trading.) - If price continues to ride to 1.35 it completes a Butterfly pattern to short. This is the volatility im talking about. Lets cook those bear n bull pips!

bruce.gif

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This post has been edited by 4lenAngel: Sep 12 2016, 04:14 PM
4lenAngel
post Sep 12 2016, 05:57 PM

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Buy from the Blue Zone. AUD_JPY

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4lenAngel
post Sep 12 2016, 06:06 PM

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AUD CAD Making H&S Pattern.

Short the pair if it breaks the neckline. thanks

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4lenAngel
post Sep 12 2016, 06:41 PM

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QUOTE(zacknistelrooy @ Sep 12 2016, 06:09 PM)
Yeah and if oil depreciates more, then CAD usually goes down worse than AUD.
*
ermm this is Aud going down against Cad.
4lenAngel
post Sep 12 2016, 06:50 PM

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QUOTE(koonghx @ Sep 12 2016, 06:45 PM)
If I am buying Malaysian ringgit and selling Korean won, do I count as doing Forex?
*
This is basically trading currencies without holding the physical currency it self.
But yeah if u do that physically it counts as forex as well.But what we doing here is basically trading all the forex by using a platform

This post has been edited by 4lenAngel: Sep 12 2016, 06:51 PM
4lenAngel
post Sep 13 2016, 01:44 AM

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Ok guys as i said the volatility starting this month gonna be havoc. We are expecting quite High impact data news for Eur n USD. n CAD. So always keep an eye on news data.. before goin in a trade.
Always check with http://www.forexfactory.com/calendar.php or
http://www.investing.com/news/forex-news
http://www.investing.com/economic-calendar/

Market been bouncing up n down today.. with no real action..


This post has been edited by 4lenAngel: Sep 13 2016, 01:45 AM
4lenAngel
post Sep 13 2016, 01:56 AM

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Any Harmonic Pattern Traders here?
4lenAngel
post Sep 13 2016, 11:16 PM

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Yoo.. whatsupp ppl.. biggrin.gif
Come on guys share your charts smile.gif
Im just starting my trades now.. lol
4lenAngel
post Sep 13 2016, 11:57 PM

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QUOTE(echothreealpha @ Sep 13 2016, 11:28 PM)
What do you think about this?

user posted image
*
rclxms.gif Sell on breakout ? What TF is that.. its too small.. cant zoom i think its H4?

This post has been edited by 4lenAngel: Sep 13 2016, 11:58 PM
4lenAngel
post Sep 14 2016, 12:02 AM

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I see H&S there biggrin.gif maybe sell the neckline breakout
4lenAngel
post Sep 14 2016, 12:08 AM

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Im currently short on NZDCHF

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This post has been edited by 4lenAngel: Sep 14 2016, 12:11 AM
4lenAngel
post Sep 14 2016, 12:28 AM

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I dont usually use SL.. coz for nowdays market.. traditional SL dont work anymore.. BUt for NZD USD i can set as SL 50 pips.
As for EU i need to use the Fib levels to identify my TP n SL . or u can use the resistance as your SL.

MY idea for EU is wait for the breakout and then wait for pullback. After that enter short.

This post has been edited by 4lenAngel: Sep 14 2016, 12:33 AM
4lenAngel
post Sep 14 2016, 12:51 AM

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Still waiting.. soon!!

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4lenAngel
post Sep 14 2016, 12:58 AM

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Here u go for EU

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N some news analysis here...

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This post has been edited by 4lenAngel: Sep 14 2016, 01:05 AM

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