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 Forex Version 19, Foreign Exchange Market Discussion

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hehe86
post Nov 24 2016, 04:48 PM

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QUOTE(AllnGap @ Nov 24 2016, 04:22 PM)
BUY EU. lowest level atm
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And here I am waiting to short. Haha. Not really good at reversal trades atm
hehe86
post Nov 24 2016, 06:17 PM

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Haha yea i saw it. But if it were to break.... Just if...
hehe86
post Dec 7 2016, 07:12 PM

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CySec sucks isnt it? Better to avoid CySec

Edit: Can google more about IronFx (which my fund still stuck for more than a year with them) which regulated by CySec

This post has been edited by hehe86: Dec 7 2016, 07:12 PM
hehe86
post Dec 8 2016, 09:04 PM

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eh EUR already spike, i thought 9.30 only starts the ECB ocnference?
hehe86
post Dec 8 2016, 09:49 PM

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QUOTE(zacknistelrooy @ Dec 8 2016, 09:10 PM)
Yes, press conference at 9.30 but changes to length and amount of QE were already announced at 8.45.
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Ah i c. May i know where to get latest update before hand? Myfxbook?
hehe86
post Dec 8 2016, 11:06 PM

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QUOTE(AllnGap @ Dec 8 2016, 10:12 PM)
those interest rate related announcement better stay away 2 days before it.
sometimes they 'prepare' the movement for a few days before the real move comes.

sometimes the central bankers will "manage" (aka manipulate) them.
i observe many times their announcement will cause a big swing, usually they will shift it away to prevent that swing from breaking key levels that they dunt wanna break.

can manipulate for a few days wan
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Ahh, and here i thought any news best to avoid 30 mins before and after then only decide the trade... hmmm
hehe86
post Dec 14 2016, 10:35 PM

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QUOTE(Alissa_1989 @ Dec 14 2016, 07:29 PM)
Do you know about the withdrawn from Oanda Singapore ? Will it be blocked by bank ?
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My fren managed to withdraw from Oanda SG to his debit card
hehe86
post Dec 15 2016, 05:49 PM

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hmm.gif usually status completed means ok already. should be your bank side that havent process it?
hehe86
post Jan 5 2017, 05:47 PM

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QUOTE(demolationz @ Jan 5 2017, 04:39 PM)
Every question had been answered before.

If you want free no-deposit bonus. Google it up.
If you want to know which broker is reliable, go to ForexPeaceArmy.

vmad.gif
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Haha sabar tu separuh iman bro. tongue.gif
hehe86
post Jan 10 2017, 04:58 PM

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cmk96 bro, got re-enter ka?
hehe86
post Jan 16 2017, 05:13 PM

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Just found out that although most of the brokers closed during weekend, the interbanks still trade during the weekend. Can check the pairs in yahoo finance during weekend though is delayed by 15mins.

e.g: http://finance.yahoo.com/quote/GBPUSD=X?p=GBPUSD=X

Just for sharing since i just found out bout this. :slowpoke:
hehe86
post Jan 17 2017, 10:31 PM

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Any trend following trader here? Wanna ask if you want to let your profit run, which means you don't have tp, so how do you maintain RR at least 1:2?
hehe86
post Jan 18 2017, 12:11 AM

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QUOTE(cmk96 @ Jan 17 2017, 11:24 PM)
Many years ago... i used trailing stops... then i realized market don't move in the same speed all the time... not to mention the need for VPS to monitor the trades.

If you are unsure when to close a trade. Look at the higher timeframe. The clue is there.
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Yea currently using trail stops too. But not sure bout the at least 1:2 RR. Let say now i got profit double of my risk, then eventually the price starts to fall back and maybe even fall back near to my initial entry since the condition to use trail stop is not there yet.

Maybe to even have 1:2 RR is not really trend following method? Since once you ride the big trend, the reward can be huge
hehe86
post Jan 18 2017, 12:31 PM

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QUOTE(troller2 @ Jan 18 2017, 02:37 AM)
You cannot maintain that because nobody know how long the trend last.
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Thanks for the feedback!

QUOTE(AllnGap @ Jan 18 2017, 08:29 AM)
trailing stops is a fixed number, cant be used because daily volatility is different.
too small, will hit easily, too big then cant accumulate pips. every currency pips volatility is different, very pening

mitigate this by multi-lot / see daily/weekly important levels.
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Mitigate multi lot meaning taking partial profit?
hehe86
post Jan 18 2017, 02:44 PM

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QUOTE(AllnGap @ Jan 18 2017, 01:25 PM)
split into 2 lot. TP 1st lot. 2nd lot no trail just let it go.

or u may want to triple lot whack near ur entry when it really pullback to that area because sometimes might retest a few times.
especially if that area never got pullback before.

sometimes it just engulfing fly up, those are the ones that will retest because big banks never got the chance to buy at low or at breakout
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Yea currently will tp partially. So i guess is similar with splitting 2 lots right? Provided i want to maintain same risk %.

I asked this scenario to see is there a better way to manage the position for others
hehe86
post Jan 18 2017, 03:25 PM

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AllnGap thanks for your advice bro!
hehe86
post Jan 18 2017, 08:03 PM

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QUOTE(AllnGap @ Jan 18 2017, 05:11 PM)
are you trading breakout ?
if u enter right after the breakout, then the probability of a pullback is very high.

lets say the breakout happened during london time, then during US session, they'll push it back to get a better price.
or if the breakout happened during US time, the next day during London session, the pullback will happen.

if so, better TP right after the breakout, then during pullback re-enter again.

so u breakout trader or a pullback wan   laugh.gif
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Usually breakout. Yea gonna stick with that method and reenter then.

QUOTE(demolationz @ Jan 18 2017, 05:41 PM)
Hints on higher timeframe. Whether its supply or demand.  notworthy.gif

But, if you want to trade simple way. I guess, partial close will be good enough. Let the half lot sail.

user posted image

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Yea gonna at least partially close if hit 1:2 first. and see how my results go. Thanks

This post has been edited by hehe86: Jan 18 2017, 08:04 PM
hehe86
post Jan 27 2017, 06:04 PM

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QUOTE(AllnGap @ Jan 27 2017, 12:06 PM)
if oil breaks upward, USDCAD might drop below the 1.30 barrier.
CAD is tagged along with oil price than purely USD strength
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That barrier is interesting brows.gif
hehe86
post Feb 11 2017, 12:29 AM

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Guys, where can i find certain important figure gonna speak during the weekend other than forexfactory?
hehe86
post Feb 11 2017, 05:54 PM

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QUOTE(highlowyat @ Feb 11 2017, 12:10 PM)
dont go to forexfactory if u really serious in making money in forex
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eh, i only look at the economic calendar in forexfactory. Didn't really visit their forum. But thanks for the advice though.

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