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pepy
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Everything posted by pepy
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So the key is attached or extremely attached to forex and it is just like forex is the own lives, or maybe you are trying to compare this fx addiction with drugs addiction, am i wrong? It is right to do that since mosty addiction is nearly similar to each other and addicted in forex will never be good for anyone in short and long term.
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Should Forex Brokers Accept Bitcoin or other cryptocurrency?
pepy replied to bloger90's topic in Forex Newbies
This is all depend on that broker which you may have relation with, i must admit that bitcoin is really a good alternative and it is market controlled currency so there is no such a bank that may affect your price just see at what happen when there are some bitcoin stolen, the market react and the rest of bitcoin price is history.- 54 replies
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- Bitcoin in forex trading
- Litecoin in forex trading
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Can no deposit free money help you achieve success on forex ?
pepy replied to kaito kid's topic in Forex Newbies
As long as you can take the chance to make some profit then that is not such a big deal to us. Deposit free money seems too good to be true but in some broker they offer something like this, only few will take it but for me this doesn't make much sense and based on what i heard, most of this kind of broker usually don't pay their clients or treat them in a different way with lot of nonsensical rules. -
Sure i know about we divide our money, but imagine if all the money under one control of human who are capable to trade manually even maybe slower and prone to emotions. In fact majority of the money which traded by bank is done by HUMAN, only few which robot did. We still limit the workload of robot because they aren't like human when trade.
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Should I put a lot of indicators on my trading chart?
pepy replied to flybiz08's topic in Forex Newbies
2 up to 3 indicators are fine, i use around 2-3 indicators but nothing wrong so far everything seems under control. I think the problem is not for someone who put the right amount of indicators but someone who put a lot of indicators, and i want to say that this is over bearing, you should think of yourselves too and how good you are when it comes to use that indicator. -
@myregister: That is right, i agree with you. All depend on one's behaviour and the circumstances in the market. I cannot say i prefer mentoring but training alone and also do it with my own way will gives me some degree of flexibility when it comes to trade, and also there are less cost especially with some fundamental thing about forex is free on the internet.
- 361 replies
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- Forexmentor
- forex mentor necessity
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Then i think foreign exchange is not the most suitable place for them, in the end forex also could be modified to be suitable to one person like or not, because forex is flexible enough isn't it? If you don't want to change, have bad habit(such as love to gamble), then it is clear as crystal that you don't mean for forex.
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- Learning forex
- Should i trade in forex
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This control thingy could be done by traders who want to do that, it is not some kind of wrong doing. If you have control means you have the access to your trading, and you know what is happening behind the scene, but it means that every opening position and closing position is under your hand. It could be done automatically but you prefer manually.
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hone your trading with a demo account and a real account
pepy replied to rizal83's topic in Forex Newbies
Well i am quite confused with both posts above. Honing our skill as foreign exchange trader could be done in demo account and real account. In demo account we can do that without risk, but not in real account. I just see real account as the place to earn and honing(but primarily earn), while demo account is the place to do experiment as well as honing my skill. -
EURGBP on H1 chart formed pinbar and lose its bullish momentum, however this pair seems still has some pressure from buyer. Anyway RSI (14) seems to rise to level 44 while Stochastic (5, 3, 3) rise to level 22. For now this pair seems to be bearish and the next target is at support level which located at 0.84901
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Doji formed on the top but it seems bullish still dominate the market, EURJPY observed to rise through the wall with break EMA20 and middle band. RSI(14) and Stochastic (5,3,3) observed to fall both to level 66 and 32 respectively. The prediction for now is bullish but still there is correction which may happen later.
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AUDUSD on H1 chart lose its bearish momentum and rejected by the first support level. Right now RSI(14) spotted to rise to level 49 while Stochastic (5, 3, 3) spotted to rise to level 50. MACD(12,26,9) formed lower high. This pair predicted to be bullish and the next target is at 0.75301
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The first support level and EMA20 are brokern by EURCHF on H1 chart, this is a good result and RSI(14) seems rose to level 61 where Stochastic (5, 3, 3) also do the same it rose to level 84. MACD on the other hand formed lower high. This pair is predicted to be bullish and the target is at least at 1.09853
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With big white candle dominated this pair seems under bullish sentiment once again even the failure to break pivot. 2 primary indicators which are RSI and Stochastic observed both fell to 51 and 75, on the other hand MACD formed higher low, the other thing i want to pointed here is that Stochastic bullish crossover which just formed. This means this pair under bullish sentiment and will rise up to 0.74052
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Based on 30 minutes chart of AUDJPY, the price is moving above pivot and managed to break the first and second resitsance level. RSI (14) actually spotted itself rise to level 66, while Stochastic (5, 3, 3) rose to level 63. The prediction for this pair is bullish and the next target is at 77.622
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CADJPY on H1 chart managed to break EMA20 and the first resistance level so do middle band. Considering the other indicators such as RSI and Stochastic which rose to 60 and 64 respectively, also MACD's higher high formation, this pair seems under bullish sentiment, the next target could be located at 78.85 .
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EURCHF is moving above daily pivot based on 1 hour time frame. RSI (14) spotted to rise at 63 . While stochastic (5,3,3) rose to around level 67. combined with bullish hammer i think this pair is under bullish sentiment and my rise also have chance to touch 1.09662
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Bullish engulfing pattern formed on 30 minutes chart of AUDUSD, this pair spotted to rise after that, RSI(14) rose to level 46, Stochastic (5, 3, 3) has been spotted rose to level 80. MACD on the other hand formed higher low. The bias for this pair is bullish and the next target could be at 0.75356
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Overbought detected for this pair, and breakout of middle band, pivot line and EMA20 is indication for strong bullish sentiment. RSI spotted to rise to level 57, while Stochastic is entering overbought zone at level 87. Prediction for now is bullish and this pair may stil rise up to 0.75253
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Silver on 30 minutes time frame observed is under bearish sentiment, after the price failed to break the upper band and also the first resistance level while closed below. RSI(14) observed to fall at 54 while Stochastic (5, 3, 3) observed to fall at 50. The next target for this fall movement is at 18.692.
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USDJPY on H1 chart saw the failure of this pair to break the first resistance level and also middle band thus fall to lower band and closed below. RSI(14) observed fall to level 62, while Stochastic (5, 3, 3) observed fall to level 38. This bias is bearish with the price seems will fall to 102.80
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GBPCHF on H1 frame formed bullish 3 methods formation which consist of white body considered the bullish continuation pattern. RSI(14) and Stochastic (5, 3, 3) which become the primary indicators observed to rise at around 69 and 83 respectively, while MACD as additional indicator reported the indicator formed lower high only. The pair is now bullish and the next target could be at 1.29453
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Big white candle spotted on H1 chart of EURJPY but it failed to break the first resistance level, only the next candle failed to gain bearish momentum. RSI(14) observed to rise at 66 while Stochastic(5, 3, 3) observed to rise at 64. MACD on the other hand formed higher high. At this rate i predict this pair may rise up to 115.052
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GBPJPY based on 30 minutes chart observed to break 1st and 2nd resistance level without ease. RSI(14) and Stochastic (5,3,3) both rose to higher level at 77 and 76, but MACD formed higher low after high high before formed. It seems this pair will under correction first before it rise once again.
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Gold on this 1 hour time frame observed to rise with the evening star formed below pivot and the price is now rising. RSI(14) spotted rise to higher level at 45, while Stochastic (5,3,3) spotted rise to level 50. MACD formed higher low. The bias for now is bullish and the next target is at 1315.50