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pepy

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Everything posted by pepy

  1. pepy
    Same here i also think that is quite new, challenge surely good but as myregister said, it is all about the media which hyperbole about foreign exchange to certain extent. The risk is not super high, just high in forex but media portrayed is to such a very dangerous business, but remember this is just applied to certain people, not all in fact what i see most of them are interesting with forex and want to grab all of those bucks LOL
  2. pepy
    I agree with you, without experience i am sure all what we take as knowledge from the book will be nothing for us. Thus experience is something important for trader where they can take their trading into another whole level. Mentoring in fact is not necessary, this is just an option but i must agree with you. The learning pace of someone who prefer mentoring is faster, considering those people are serious and willing to learn much more about forex from their tutor and their tutor must be an experienced traders as it will teach them more things.
  3. pepy
    Sure, that is right the control over trading is good but of course we must sped more of our time for it. The good thing of controlling your trading manually is that you can see what trading will be do, also how to control the risk so well, next you will be able to improve your trading which is a good thing for your long term career as forex trader.
  4. pepy
    Maybe the thread has been drifted so far, but the key is addiction of foreign exchange related to over trading, we have been saw lots of testimonial or something like that which is pretty much similar. The best thing just like you said go to psychologist, especially if the addiction already acute, only if that is not so acute you can "heal" that by practicing to be a discipline trading, for me addiction is based from our lack of discipline.
  5. pepy
    Yes, we should have that since that is the measure to make profit, without analysis all of our prediction will be based on feeling or guessing. So which one do you prefer, prediction based on guessing alone which depend on your guts or analysis where you use a practical and definite technical indicators.
  6. pepy
    Nope, forex will be not a gambling or has many similarity. Forex and Gambling has few but the core is totally different. As i said before forex is trading, where you buy and sell or sell and buy, the concept of foreign exchange is BUY LOW SELL HIGH. I also think the people who see forex as gambling must be never trade in forex.
  7. pepy
    There are few reason why you shouldn't join this kind of business, first because foreign exchange is a risky business, second because you don't want or don't have much experience. But i am sure most of us want to join foreign exchange and thanks to forex which become more popular and its integration to technology such as internet.
  8. pepy
    Middle band on 1 hour time frame broken of Gold commodity by the bearish candle, also right now all indicators formed bearish stance. Macd(12,26,9) formed lower high, RSI(14) as we can see pointing towards lower level and fell to 45 before. Stochastic (5,3,3) also fell to 44. Up to the ending i think this pair may fall at most to the first support level at 1317.75
  9. pepy
    I am not really sure how can you do something like that, controlling is risky and the opening poster of this thread is right, Leaving greediness is the best way for human to still trade without involved emotions thus it increases our chance to think clearly and reap more profits or avoiding the risk at all cost.
  10. pepy
    Upper band has been broken and closed below on H1 chart of XAGUSD, but middle band also under pressure from seller. RSI spotted to fall down and Stochastic also formed bearish crossover. RSI(14) fall to 55, while Stochastic (5,3,3) fall to 51. MACD(12,26,9) formed lower high. Bias is bearish , if pair can close the chart below mid band, there is bigger chance to it would touch or even break lower band at 18.48.
  11. pepy
    GBPCHF's price on 30 minutes time frame able to break EMA20. The price is clearly under bullish pressure, this supported by MACD(12,26,9) which formed higher high. RSI and Stochastic also both rose to higher level. RSI rose to 63 while Stochastic actually rose to level 69. Conclusion is bullish bias, even there are few resistance. Target 1.28410.
  12. pepy
    Morning star candle spotted on AUDCHF's 4 hour chart and the price is soaring now, so it is clearly this pair is under bullish trend. RSI(14) observed rose to 64, Stochastic (5,3,3) rose to level 79. MACD formed higher high. According to bollinger, the upper band broken. Correction is possible but overall the bias is bullish. Target at 0.74480
  13. pepy
    EURJPY is clearly sideways on H4 chart, there is not much movement Macd(12,26,9) doesn't show significant movement. RSI(14) and Stochastic on the other hand show some buyer's pressure where both rose to higher level. RSI to 68 while Stochastic to 43. Bias is none a.k.a sideways until the closing.
  14. pepy
    A strong gap formed by EURCHF on H4 chart followed by bearish candle. RSI(14) seems under bullish pressure with the indicator ascending to 77. Stochastic(5,3,3) also observed rose to 68, while Macd(12,26,9) formed higher high. There is quite strong bullish bias. But the price may corrected first before rise once again. I vote BUY.
  15. pepy
    H4 time frame of CADJPY saw Marubozu candle, and with the price break the middle band. RSI(14) in this case seems fall to level 74 while Stochastic (5,3,3) observed fall to around leve 76. MACD(12,26,9) formed lower high. At the moment price bias indication is bearish, and the price seems will fall to around 77.556
  16. pepy
    Hanging man spotted on GBPJPY's H1 time frame chart with the price break the lower band. RSI(14) observed to fall to level 47 while Stochastic(5,3,3) fall to level 30. MACD forms lower high. Price is practically bias overall and the price may fall to next support level.
  17. pepy
    The price of AUDJPY break the middle band of 1 hour time frame combined with Stochastic(5,3,3) which rose to level 78, while RSI(14) rose to around level 74. MACD forms higher high. Bias is bullish and price may rise further even to resistance level at 77.120.
  18. pepy
    Despite of the sentiment, it seems EURGBP just made correction after dropped few pips, not to mention Stochastic (5,3,3) formed bearish crossover and this indicator fall to 44 and RSI(14) fall to 46. MACD is lower high now after higher high. So far i don't see it will be a strong bearish but rather continuous bearish movement and this pair may fall down further to 0.85000 .
  19. pepy
    Yes it is pretty much essential for someone who realized that demo account is very good service for them, at least it will teach them how to trade without need any kind of risk or losing or worriment. I think with this condition a trader maybe able to focus more and able to perform well, and this is what we find in the most case of newbie.
  20. pepy
    By reading the book only? If you pursue the knowledge of forex and not the practical knowledge it is fine you can read just the book about forex, but to optimized forex as the source of income you need experience and experience can only be obtained through trading which means you are practicing it.
  21. pepy
    Not it is not like that, i think people need more trading and experience to analyze the market, if they don't even serious or just beat around the bush they won't be successful, foreign exchange not a playground for kids, this is a serious business for adult or someone who are able to responsible to their trading.
  22. pepy
    It seems that AUDJPY on H1 chart is sideway without much meaningful movement , RSI observed only fell few bits to 68, Stoch fall to 34. MACD forms lower high. Price also failed to break middle band and move along it without even touch the lower band. EMA20 also forming horizontal line. I recommend to stay away from this pair because of its sideways.
  23. pepy
    White body candle spotted few times in previous candle indicated this pair is bullish, and the lower band also got a breakout. The correction is possible since inverted hammer formed. Stochastic (5,3,3) also formed bearish crossover and fall deeper to level 54 from 76. RSI also fall to level 61 but this is just correction. Price may turn and rise further, i predict it will up to 0.73810.
  24. pepy
    It seems that the price failed to break EMA20 on cad/jy's H1 chart, but now move above that line without any power. Stochastic(5,3,3) formed bullish crossover and now at level 76, while RSI also rise to level 58. MACD is lower low. Even the failure to break EMA20 this pair is sideways no other big movement spotted so far.
  25. pepy
    Correction, even strong resistance but this pair seems will meet the way down. With the price cannot break the resistance at 0.73300 then this pair will put its effort and calmed down. RSI 14 mentions the bear with fall to level 36 and Stochastic fall to level 27. MACD formed lower low. Bias is bearish and this pair may break the pivot once again.
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