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pepy
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Everything posted by pepy
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Wedge pattern formed on 1 hour time frame chart frame of EURGBP with other indicators supported it. RSI(14) fell to level 47, followed with Stochastic (5,3,3) which also fell to level 31, MACD(12,26,9) formed lower low. Bias for this pair is bearish and the next target is located at 0.85258 .
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Breakout is strong in this pair, EURCHF on H1 chart saw Big Black Body candle which break the EMAs and Pivot Level. Other indicators such as RSI (14) fell to level 49 followed by Stochastic which is also fell to level 25, with MACD(12,26,9) formed higher lows. The prediction for now is bearish and may reach the target at 1.09254.
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Evening start spotted on H1 chart of EURJPY thus drive the price down further. Even after break the 2nd resistance level. The other indicators also say so such as MACD which forms lower high and Stochastic with RSI where both fell to lower level, at 13 and 60 respectively. The bias is bearish with the price may touch the first resistance level again at 114.121
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Downward Gap plus bearish engulfing pattern formed on H1 chart of GBPCHF, the price also successfully break pivot level down. RSI and Stochastic fell to level 45 and 39, while MACD formed higher low. The bias is bearish with the price may fall towards the 1st support level at 1.27763
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Gold on 1 hour time frame failed to press down and break the first support level, followed by bullish candle which broke EMA20. RSI14 observed to rose at around level 47, Stochastic(5,3,3) rose to level 67, MACD formed higher low. The bias is limited bullish and next target at 1322.50
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USDCHF on H1 chart saw 3 white soldiers formation followed by the breakout of EMA20 and middle band. RSI(14) rose to around level 71, while Stochatic (5, 3, 3) rose to level 51, MACD formed higher highs. Bias is bullish and target at 0.97964 which is 1st resistance today.
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1 hour time frame chart of AUDUSD saw the price cannot break the first support level and failed to do so bring the price up to the higher place. RSI(14) rose further to level 41, while Stochastic (5,3,3) rose to level 71. MACD formed lower highs. EMA20 broken by the bullish candle, Bias is bullish and the next target maybe at 0.75753
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H1 chart saw NZDUSD formed 3 black crows formation even there is resistance when price is trying to rise or to be precise is correction. The price also failed to break the 1st support but considering the current trend it may fall further and break it. RSI(14) formed bearish crossover near overbought zone, while Stochastic fell to level 66. MACD formed lower low. Target for the next price is at 0.72108
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On 1 hour time frame of USDCAD three white soldiers formation formed there, and the price is overwhelmed totally by bullish dominate with the price break EMA20. RSI(14) rose to level 63, Stochastic (5,3,3) rose to level 55, MACD formed lower high. Bias is bullish and may reach 1.30252
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The first resistance level at 101.9 broken by bullish sentiment on the market followed by weak correction which could drive USDJPY price up further. White Long Body on previous candle indicated this strong bullish domination. Price may rise and break 2nd resistance level at 102.420 considering that RSI and Stochastic both rose to level 45 and 78 respectively.
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Morning star spotted on 1 hour time frame of Silver and gives indication for the price to do reversal. Just break EMA20 already and RSI rose to level 53, while Stochastic(5,3,3) rose to level 83 near overbought zone. MACD formed higher high. The bias is bullish and price may reach level 18.615 or even higher.
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You're wrong this is a breakthrough because it never exists before this era. Copy trading is a method that allows traders to copy specific strategies. Unlike mirror trading any trading action made thenceforth by the copied investor, such as opening a position, put SL and TP, or closing a position, are also executed in the copying trader's account according to the proportion between the copied investor's account and the copying trader's allotted copy trading funds.
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how much time we should spend in demo before going to live trading
pepy replied to Levie's topic in Forex General Discussion
That is just myth because each trader has their own version, some traders just need to spend few months while the others maybe need to spend less or even more than that 6 months standard which become myth. Actually this topic is quite broad and we cannot define the single point when we should switch from demo account to real account. -
Even in the business where people don't have to struggle so much also suffer much losses. Forex prone because of forex fast speed. You can make profit by small margin or even worse to lose nearly all of it. Despite forex risky thingy many people love it just like you said and also this risky business is one of the hot online job which people want to do.
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The direct access of the market is one of the attractiveness of foreign exchange itself. It still popular because people have their access there which allow them theoretically able to trade without much limits. Not to mention because of people want better life so that is why they choose it, and also some propaganda are playing important part here.
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When should you invest in gold and how to do it?
pepy replied to David_Warner's topic in Forex General Discussion
Sure but in long term the earning by use investment at gold would be worthy, first of all gold has better value than other commodity, second it is a good hedging, because many of them still buy some gold to make sure their hedging is fine and don't find much problem. To invest in gold surely we just need to open an account and choose XAUUSD. -
I don't know where do you get that data but demo vs real trading discussion actually ended, more people use demo account now and you can see that more than 80% of them still use the same old approach by trade in demo account first and then turn into real account when they believe, but keep the demo account for the sake of other thing.
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But we cannot deny the fact that the more money into forex means that market is more liquid and it would be better if the money traded increased or stay there at least. With this promoting forex as one of the most liquid market in the world is easier because we have the fact to backup, even yes that is somewhat "Dirty" money we have.
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There is no single unified trading center in foreig Forex is an off-exchange market, i.e. it has no geographical location and there is no single centralized server where people must go there like in Stock trading. Trading in forex is carried out through global telecommunication systems, via the Internet and the telephone system which lowering the cost.
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It is all depend on you, because not all copy trading resulted on better result usually that is worse but there is some certain cases there copy trading gives better signal for traders and the best thing is that copy trading is easily to use even to newcomers and it is not hard because it is just about copying other traders.
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Importance of stop loss placement in forex trading.
pepy replied to asiaforexmentor's topic in Forex General Discussion
As long as they able to maintain their account i think a trader could drive the worry about losing their account and one problem is gone. Stop Loss placement would be so much helpful in this case, just to make our trading less problem and automatic closing is really fast also accurate. -
In the end what people want still is about profit. We can make much profit here just like what others do, but daily profit in the real sense is practically impossible, only if overall of your trading which you sum here is big then you can put it in average and you can say that you earn daily which technically is not.
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Little profit ...Would you accept it from forex trading???
pepy replied to showrov1993's topic in Forex General Discussion
Yes foreign exchange is more like long term career for someone who want to really get sustainable income just like their previous job only the difference is the amount we've got and the flexibility it has. I accept small profit no matter what, that is profit and what we should try to get as much as we can, even still small. -
Yes, it could lead to more losses which i think is not a very good idea, not to mention people who lose their focus usually cannot recover easily, but for me side job is not a multitask, well it is monotask, it is just we do different thing in one day, for example we do our job as civil servant in the morning up to afternoon, and during evening as forex trader.
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True, lots of people prefer this way. Low spread broker is really nice broker not to mention there are many people who want to grab more profits than others and usually by the meaning of lowering their cost of trading which means find a lower spread broker. To me this is more suitable for scalpers and as far as i know ECN accepted low spread account