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 Forex version XVIII, Foreign Exchange Market Discussion

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cybermaster98
post May 26 2016, 01:45 PM

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QUOTE(demolationz @ May 26 2016, 01:32 PM)
This is a subjective question. Depends on trader themself.
For me, small account 100% is doable. Big account, 10%-30% would be good enough.
Are those figures monthly numbers?
demolationz
post May 26 2016, 01:57 PM

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QUOTE(cybermaster98 @ May 26 2016, 01:45 PM)
Are those figures monthly numbers?
*
Yes, depends on how big is your account.
You can gain more than that, but as usual. High risk, high return. notworthy.gif
demolationz
post May 26 2016, 02:02 PM

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QUOTE(JamesCloud @ May 26 2016, 09:42 AM)
Hi Expert,

Good Day. what software you recommend for trading? i heard lot software in the market may giving fake result to cheat on trade.

i tried Etoro before.

Besides, how's ur comment on joining any XXFX.

Thanks
*
What do you mean? platform to trade, or copytrade?

Copytrade, you can check on Zulutrade, Etoro, Mocaz.
Self trade. You can use, MT4, MT5, cTrader, NinjaTrader. But depends on availabilty of you broker.
demolationz
post May 26 2016, 02:03 PM

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QUOTE(andrewcha @ May 26 2016, 09:49 AM)
I think you're asking which IB is recommended is it? Most of us here using MT4, a very popular and common platform for traders.

If you're looking for IB then demolationz is here to help.
*
Aww. Thank you master. notworthy.gif
demolationz
post May 26 2016, 02:04 PM

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QUOTE(JamesCloud @ May 26 2016, 10:21 AM)
Thanks lot for advise. i heard some said MT4 also got trojan to fake result. so... just ensure we got the right source of installer right.
*
Download the platform from broker website should be okay. laugh.gif
demolationz
post May 26 2016, 02:08 PM

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QUOTE(cybermaster98 @ May 26 2016, 11:45 AM)
Regulated broker ? bruce.gif
cybermaster98
post May 26 2016, 03:37 PM

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No idea. How do I check?
cmk96
post May 26 2016, 03:39 PM

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http://www.forex-broker-rating.com/comment...rex?type=broker
cybermaster98
post May 26 2016, 04:01 PM

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QUOTE(cmk96 @ May 26 2016, 03:39 PM)
Seems like quite a lot of negative reviews:

http://www.forex-broker-rating.com/comment...pe=broker#yakor

demolationz
post May 26 2016, 04:41 PM

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QUOTE(cybermaster98 @ May 26 2016, 03:37 PM)
No idea. How do I check?
*
No offence. Maybe that's why you don't have second thought on joining FXUnited scheme. yawn.gif
cmk96
post May 26 2016, 04:50 PM

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QUOTE(cybermaster98 @ May 26 2016, 04:01 PM)
Seems like quite a lot of negative reviews:

http://www.forex-broker-rating.com/comment...pe=broker#yakor
*
Not regulated sure more complaints... cheating are rampant... me and u trade our own broker better... rclxms.gif
TSblah2blah
post May 26 2016, 04:51 PM

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QUOTE(demolationz @ May 26 2016, 05:41 PM)
No offence. Maybe that's why you don't have second thought on joining FXUnited scheme.  yawn.gif
*
He already mentioned he's an investor. The scam havent burst thats why he become the early adopters
jayko
post May 26 2016, 05:42 PM

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Who is using cTrader here? Let's have show of hands .
CallOfLegend
post May 26 2016, 07:15 PM

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AUDUSD can reach 0.7229 or not? I currently set TP there, holding buy position


nvrmind tp already.

BTW AU on Daily reach support zone and H4 show uptrend is starting already. Retrace and buy AU my future plan.

This post has been edited by CallOfLegend: May 26 2016, 09:22 PM
Goodboy92
post May 26 2016, 09:11 PM

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Anyone did the same thing as i did?

What would you do if you were in the trade?

TP at LOW

Quit with SL on retrace?

Anyone?


almost 3week this trade





" demo acc "

This post has been edited by Goodboy92: May 26 2016, 09:11 PM


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cybermaster98
post May 26 2016, 09:36 PM

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QUOTE(demolationz @ May 26 2016, 04:41 PM)
No offence. Maybe that's why you don't have second thought on joining FXUnited scheme.  yawn.gif
Bro, let's not assume shall we? I did sufficient research on FX United before investing. Enough to know it's not legal and could possibly be a scam. But im also relatively certain its not gonna collapse before year end at least which by then I would have recovered more than my total investment. And I don't trade on FX United. Im just in it for the 11% monthly return.
hehe86
post May 26 2016, 10:07 PM

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QUOTE(Goodboy92 @ May 26 2016, 09:11 PM)
Anyone did the same thing as i did?

What would you do if you were in the trade?

TP at LOW

Quit with SL on retrace?

Anyone?
almost 3week this trade
" demo acc "
*
For me if a trade i'm already in and is positive for at least 4 candles, i won't allow it to become negative and i will move to at least BE.

Another thing that i would do is have a trailing SL depending on what method you like. I would trail my SL based on a logical support, in your case, after 2 up bar and moves down, i would trail my SL around the 2nd up bar high

Edit: would have exited around 0.754x/0.76

This post has been edited by hehe86: May 26 2016, 10:11 PM
Goodboy92
post May 26 2016, 10:40 PM

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QUOTE(hehe86 @ May 26 2016, 10:07 PM)
For me if a trade i'm already in and is positive for at least 4 candles, i won't allow it to become negative and i will move to at least BE.

Another thing that i would do is have a trailing SL depending on what method you like. I would trail my SL based on a logical support, in your case, after 2 up bar and moves down, i would trail my SL around the 2nd up bar high

Edit: would have exited around 0.754x/0.76
*
Hehe86 Thanks for your reply

Yes , i am thinking about that too , but i might get out too soon of a possible continuation trend if doing so ( as it might get a DoubleRetrace before cont )

I am still researching on these area but just waiting this trade to closed then only can really really focus

Other than profit and loss that affect , the time , the stress , the focus i lose , and you can see that alot other pairs moving on these sideways time

etc EURUSD , AUDUSD , i might have signal on these but i just knew that i am not in the best condition to take other trade

and the time will affect the overall monthly performance

Really really alot to be consider

My trading target was to capture the trend as long as possible before a big retrace , as such these CADCHF retrace were small and weak but it was the initial stage of trend and i am counter trending previous trend , yet i am trading a double top @.@ confuse me and maybe because of these the market goes sideways

counter trend on lower price , double top/major resistance on higher price


Well the reason i still taking these trade were , it havent break over previously 2candle range , the volume were weak, the range/pips moved were weak , i am on a profitable position yet with little losses if happen , and if continue i might get a big trend
( i move the SL and TP all the time everyday depend on the price formation )

Maybe emotionally/psychologically i am not willing to lose or i want to know how it like when taking a trade as such , i not sure about that , but i will quit my trade on tomorrow if candle close above 2 candle range or i might not want to lose and predicting that a reversal might be on those price thus move the SL even higher but will not goes higher than the initial SL of trade* i lose more on swap rate

And if i dont passed thru these experience , i will get the same emotionally problem that prevent me from taking other trade like now because i am quite confuse with the situation and no idea how to manage the account for best performance , no calculable thing for me to consider the probability
demolationz
post May 26 2016, 11:08 PM

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QUOTE(cybermaster98 @ May 26 2016, 09:36 PM)
Bro, let's not assume shall we? I did sufficient research on FX United before investing. Enough to know it's not legal and could possibly be a scam. But im also relatively certain its not gonna collapse before year end at least which by then I would have recovered more than my total investment. And I don't trade on FX United. Im just in it for the 11% monthly return.
*
No offence. But sorry if you feet offended. blush.gif
hehe86
post May 26 2016, 11:12 PM

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Erm.. perhaps you thinking too much? You have to be clear on why you make the trade in the first place. The why should cover your TP and SL if any. So once the trade is on, your SL/TP is set so you shouldn't be worry to much about it.

If your main timeframe is daily, that should be ample of time for you to do any changes and not need to worry so much about it especially if your focus is trend following/swing trading.

Is best not to worry too much about why is it a consolidation/double top or any pattern once you decided to make a trade and best to just focus on the very 1st reason you enter then after exit only you do the trade review with a journal be it a loss/profit

I see you use volume indicator too? I heard is not that accurate in forex and is broker dependent. Not too sure bout this. Volume do works in equity though

Demo is there anytime to gain experience so best is to be have reasons on any entry/exit/sl.

Just my 2 cents though biggrin.gif

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