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pepy
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Everything posted by pepy
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But previous news is not really better than the current news, also only few news which could bring some lasting effect to the market, maybe that is good for Interest Rate but for CPI or something like that won't make much difference. This part is the weak part of forex because people seems doesn't care and actually don't know about it.
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A wide gap spotted on Silver's 1 hour time frame chart, the other indicators such as Stochastic(8,3,3) also follow the same step with fall to level 18 which means the price according to Stochastic is oversold. RSI(13) also fell down to level 13 and oversold enough. It seems this pair still make limited bearish and will make reversal to the previous support.
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Inverted hammer found based on 1 hour time frame chart of EURJPY giving an indication that this pair now under bearish sentiment. MACD (12,26,9) right now is lower low, while RSI(14) fall down slightly to level 21 and Stochastic (5,3,3) fell under bearish sentiment to around level 26. Bias is bearish and the price will fall down at 113.126.
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GBJPY on 30 minutes chart gain bullish momentum, on the chat 3 white soldiers pattern formed which means the price may rise further. This also supported by Stochastic(5,3,3) which seen make bullish crossover on near oversold zone, it also rise to 35 while RSI(14) also rise to level 56. MACD(12,26,9) also formed lower high. The price may rise to 132.210 once again.
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CADJPY's H1 chart saw the price successfully break the lower band and EMA20. RSI fall down to level 40 while Stochastic fall to level 42. MACD on the other hand formed higher lows but the price still under bearish and it seems will fall to around level 77.300
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Shooting star spotted on H1 chart of EURCHF this means the price may do reversal, this indication is supported by RSI(14) which fall to 43 and Stochastic(5,3,3) which falls to level 54. MACD(12,26,9) on the other hand formed lowers high. With this condition, the bias is clearly bearish and the price may fall to support level at 1.08765
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1 hour time frame chart saw GBPCHF's price successfully break the middle band and try to reach resistance level at 1.26330. MACD(12,26,9) formed higher high, with RSI(14) and Stochastic (5,3,3) both rise to around level 70 and 61. With this overall the price bias is bullish, and the price will reach the resistance level first.
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GBPUSD on H1 chart frame observed to rise through the upper band and closed above that band. It indicated this pair is under bullish sentiment. The other indicator such as RSI (14) spotted rise up to around level 67, while Stochastic (5,3,3) considered rise to around level 76. Macd (12,26,9) also support this with higher high formation. Bias is bullish and i will vote buy.
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Three black crows formed on H1 chart of EURGBP with the price break EMA20 down. MACD(12,26,9) formed lower low and Stochastic (5,3,3) also observed descend to around level 36 . While RSI(14) do the same with fall to around level 30 . The bias is bearish and the price may fall towards level 0.85803.
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AUDCHF on H1 chart is sideways with small bearish sentiment for now, there is less ignificant movement in few hours back. RSI 14 fall a bit to level 58, while Stoch is near overbought zone forming bearish crossover, also same fall a bit at 81. This pair may be like this but the small bearish sentiment may pull the price down to 0.73220 at most.
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On h1 timeframe chart, the price is moving near overbought area according to Stoch, as stoch also has bearish crossover. RSI also fall to level 52, but this bearish may not strong however the bearish engulfing pattern overall may push the price down to at least level 0.95847.
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USDCAD on H1 chart has inverted hammer on previous candle, showing the indication for this pair to make correction and fall further. Stoch also fall down to level 58 while RSI fell to level 37, not to mention Stoch is making bearish crossover now. While MACD formed higher lows. Bias is clearly bearish with the price may fall to around 1.28696.
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There was wide gap at the opening but it seems this pair is still under bearish trend and possibly break the lower band. Bearish engulfing pattern also spotted there. RSI and Stoch is relatively fall, not to mention Stoch has crossover while MACD formed higher low. Price may fall further to around 99.802.
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One word for AUDJPY sideway, this pair doesn't have much movement based on H1 chart. RSI seems like stuck in around 54 while Stochastic (5,3,3) stuck in around 55. The price also don't show any sentiment despite of the other pairs movement. AUDJPY's bias is clearly sideway with no clear trend, it is better to stay away from this pair.
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AUDUSD's H1 chart saw the price formed bullish engulfing pattern and the price break through lower band and closed above. Stochastic formed bullish crossover and rise to level 56 and RSI(14) rise to level 65. MACD is other compliment formed higher low. Bias is bullish and the price may take 0.76750 as the next resistance.
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Bearish engulfing pattern seen at XAUUSD(gold) H1 frame chart, the price is under bullish sentiment and price break EMA20 now. RSI(14) is clearly rise to 61 while Stochastic (5,3,3) rise to level 32 and MACD(12,29,6) formed lower high formation. The bias is bullish and the price can touch 1344.70 .
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Doji seen at the pair eurusd on a time frame for 1 hour. It seems that the price turned down in the area of the upper band. RSI (14) observed fall down to level 58 and Stochastic (5,3,3) observed fall down to around level 78 . Macd (12,26,9) formed higher low.The bias for EURUSD is bullish because of that doji and I will vote for SELL.
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NZDUSD on H1 chart still strong enough, the price also formed bearish engulfing pattern plus the price is move above pivot line since the opening. RSI(14) at the moment in level 74 is in overbought zone, waiting for correction but Stoch observe at level 46 and formed bullish crossover. The price bias is bullish but it may corrected and next target could be at 0.73500.
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How many times do you trade a week?
pepy replied to asiaforexmentor's topic in Forex Expert Advisors
Same here i don't trade everyday, there are various aspect why i should trade and why i don't trade. It is simply because of the news power. Is that news really will drive the price, also all news which i trade before are all have at least high impact in 2 sites from 4 sites i use as indicator for my base indicator, and later i decide to open a position by use technical indicators. -
Psychology in forex is playing important part, we can see many traders lose their money because their psychology is not strong enough. I bet some of you ever feel afraid and the cut the loss but few hours later the market is make a coming back. Psychology is important part in foreign exchange trading and people should pay attention to it, it doesn't have to be deep enough but at least you can apply it.
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Forex Breakout: Why are they so profitable?
pepy replied to asiaforexmentor's topic in Forex Expert Advisors
But at least there is bigger chance for me to make profit if use that well proven strategy, not to mention many people tried this thing before and it works rather than so called experimental strategy which we may lose our money. In the end, breakout is really good and proven and many people love it so use that strategy won't be much issue. -
forex hours- what are the best forex hours?
pepy replied to asiaforexmentor's topic in Forex Expert Advisors
You make sense there the market is really good and everything is all about USD, it is the world currency or the global one. USD based news really affected the market, and in this 2 weeks i just found that rumor about USD interest rate and FED governor speech really drive the market even, just like few days ago where one of the Policy maker in FED give hawkish speech. -
Hammer spotted first but followed by bullish gap on AUDJPY's H1 time frame chart. The price also break the middle band. RSI(14) and Stochastic(5,3,3) both are rising to level 47 and 30 respectively, while in the other side MACD(12,26,9) formed lower highs. Bias is bullish and clearly the price wil rise further up to 76.753.
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AUDCHF practicallly is bearish, with inverted hammer formed on 1 hour time frame. Price also successfully break EMA20 down and so do the middle band. RSI(14) rise to level 65 while Stochastic (5,3,3) rise to level 74, MACD(12,26,9) forms lower highs. Bias is bullish and may rise to touch the next resistance level.
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Gap formed on GBJPY's H1 chart indicated this pair is under bullish pressure, MACD(12, 26, 9) on this chart formed higher high. In the other hand RSI(14) is sideways with the current level at 59. Stoch (5,3,3) is rising and now at level 57 after formed bullish crossover. The bias is bullish for now and may reach the target at 132.190.