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 Forex Version 19, Foreign Exchange Market Discussion

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zacknistelrooy
post Oct 21 2016, 03:05 AM

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QUOTE(demolationz @ Oct 20 2016, 11:48 PM)
If close below 9453. I'm going to short til 6316  mega_shok.gif
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Brexit low of 1.0911 seems to be support.

Do you expect it to break that easily ?
zacknistelrooy
post Oct 21 2016, 04:38 AM

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QUOTE(demolationz @ Oct 21 2016, 04:16 AM)
Aww, my bad sifu. Mind share your analysis ?  smile.gif
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Attached Image


The bluish line which is around 1.091. I usually don't short into those kind candle levels as it is too risky for me.

What do you think ?


zacknistelrooy
post Oct 21 2016, 12:46 PM

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QUOTE(demolationz @ Oct 21 2016, 05:09 AM)
4 - 1 for Red Devil. GGMU  thumbup.gif
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Haha, yes GGMU.

Looks like it broke that level quite easily, still shorting it ?

Downtrend from ECB meeting yesterday still holding, looking for a test around 1.09045.

This post has been edited by zacknistelrooy: Oct 21 2016, 12:46 PM
zacknistelrooy
post Oct 21 2016, 06:47 PM

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QUOTE(demolationz @ Oct 21 2016, 02:37 PM)
Like I said before. Gonna short it, but still waiting for pullback. Sell limit would be the best option for now  smile.gif
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Alright, that is a good plan.

Euro does look weak with every rally getting sold off.
zacknistelrooy
post Oct 24 2016, 09:56 PM

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EUR/USD struggling to find direction, trading sideways for the past few hours.
zacknistelrooy
post Oct 25 2016, 05:42 PM

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AUD/USD has broke through resistance at 0.764, let see if it can hold it's gains.
zacknistelrooy
post Oct 26 2016, 07:48 PM

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Buy USDCHF on a close above 0.9950 says ING
zacknistelrooy
post Oct 27 2016, 01:48 PM

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ANZ on the AUD - fundamental support, but fierce topside resistance

QUOTE
AUDUSD under pressure from yen demand but option expiries notable


This post has been edited by zacknistelrooy: Oct 27 2016, 01:49 PM
zacknistelrooy
post Nov 1 2016, 05:23 PM

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GBPUSD seen falling to 1.1500 after Article 50 is triggered - Reuters poll
zacknistelrooy
post Nov 1 2016, 05:37 PM

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QUOTE(hehe86 @ Nov 1 2016, 05:25 PM)
?? mine still showing 1.22x?
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That is just a poll that they do at the start of every month where the participants are forex strategists.

zacknistelrooy
post Dec 8 2016, 09:10 PM

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QUOTE(hehe86 @ Dec 8 2016, 09:04 PM)
eh EUR already spike, i thought 9.30 only starts the ECB ocnference?
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Yes, press conference at 9.30 but changes to length and amount of QE were already announced at 8.45.
zacknistelrooy
post Jan 31 2017, 10:40 PM

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QUOTE(Soniaclf @ Jan 31 2017, 10:26 PM)
Hi there, I'm very new to forex hence the question. If I have 1K in my account and as the currency I invested plummet, the money lost is only 1K or will I be in debt?

Thanks!
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If you go short, then yes your losses are unlimited theoretically

If you go long and the currency depreciates, you will get a margin call and force liquidation if you don't comply.
zacknistelrooy
post Feb 1 2017, 02:23 AM

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QUOTE(jack2 @ Feb 1 2017, 12:12 AM)
Why kind of answer you provided? I never heard about this theory for short trades... rclxub.gif
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Taken from FXCM
QUOTE
The main risk involved with short-selling is that the price of the asset chosen to sell may rise instead of falling, making the seller liable to replace it for the lender at a higher cost. The maximum profit for a short sale with a declining asset price is limited to the difference between the selling price and the price at which the asset is borrowed. However, theoretically, the risk when the price rises is unlimited.


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