Exchange Blog Cryptocurrency Blog
pepy
-
Posts
11,503 -
Joined
-
Last visited
-
Days Won
5
Everything posted by pepy
-
GBPJPY's daily chart saw the price seems to move down slowly but still looks bearish pattern which is maintained even if the movement is not great. Even with a tight movement the consistency remain stable until the price is likely to weaken further. Stochastic(5,3,3) considered fall to around level 43 while MACD is forming higher low.
-
Bullish engulfing candlestick pattern formed and spotted on AUD/USD's daily time frame. On that frame RSI (14) observed to fall down to 57 and Stochastic (5,3,3) is the same fall down to level 40. Macd (12,26,9) on the other hand just created higher low formation. Bias is bearish and psychological support at area around 0.7400.
-
GBPUSD is rising up and seems like want to break the middle band and close above it. But it seems that will come true since other indicators says the market is under bullish pressure. RSI (14) observed to rise to level 48, Stochastic (5,3,3) observed to rise to level 65, while Macd (12,26,9) formed lowers high. Today, i think buy is more profitable with the current trend.
-
On H1 chart, we can see that EURUSD pair is fall through EMA20 and successfully closed below it. Not to mention this downward trend supported by RSI(14) which down to level 48, while Stochastic (5,3,3) fall down to levle 26. Macd (12,26,9) itself create a higher low. So overall, i think the price is under bullish and will prefer to vote SELL.
-
Did your broker change margin requirements before Brexit?
pepy replied to boltushkin's topic in Forex General Discussion
That is the measurement against loss, i don't see anything wrong with it. As long as our trustable broker still survive i think we also able to survive later, and reflecting from CHF tragedy(well i'm a bit over with this tragedy words), many brokers must sold their subsidiary to the others to paid the broker who lose, and i think this method much effective for long term. -
That is the cost which we are trying to seek by use low spread broker, who doesn't want to trade in a broker which constantly gives them low cost to trade, the lower is better because they can start every single position with small fees and it means that would be easier to reach more profit because we need small pips first to get BEP.
-
@myregister: Yes without doubt it is one of the backbone of trading, without it our account will collapse sooner or later. Even with risk management we can only delay the downfall if we don't have good strategy to make profit. Combine both and i am sure that you can survive in the wild and harsh forex market, but even that means you must struggling against it.
-
Of course, demo account is the best place for that and it is the best if we keep ourselves in trading as much as we can. I also think that the best advice for someone who is still new in forex is keep trading, learning, and analyze. Well pretty much easy to say but this advice about trading is pretty much easy to convey in the head of newbie.
-
how much time we should spend in demo before going to live trading
pepy replied to Levie's topic in Forex General Discussion
While this is true at least we must set it at the lowest time as possible considering that nearly all people have the same concept of what it means as a good trader or be able to trade in the right way. Well, i prefer 6 months but if that is not enough try for one year and i am sure that is the longest for majority of people who want to involved in forex. -
I think that we should be careful when we invest our money in a broker, because not all brokers we meet online is a good broker. If you broker is regulated and trusted one, i also don't find any issue with people investing their money in this broker, the problem arises when the broker we choose to invest is fishy and shady brokers.
-
The advantage is pretty much clear, i mean the line is clear for us to know what is the advantage of foreign exchange rebates. with rebates we are rewarded every time we make a trade. No matter if you win or lose, you get rebates. If you are a daytrader, which is fairly common among forex traders, you possibly make numerous trades a day.
-
If you notice the difference between buy price and sell price then that is spread or a markup something which put by broker, if you trade in ECN it is lower but in STP or DMA it would be bigger. For broker that is their main income or to be exact that is the fees for that broker's service to give us connection to the market.
-
Well news surely important, just see how much people wait for the news such as NFP or Interest Rate which surely drive the price further more than what i can imagine. Because news can bring increased volatility in the forex market (and more trading opportunities), it is important that we trade currencies that are liquid, so do the news which is cause of it.
-
AUDJPY descend down through the psychological support at 78.009, the price continued to fall and closed below the lower band. RSI (14) observed to fall down to level 18. Stochastic (5,3,3) also do the same with fall to level 19. Macd (12,26,9) creates higher low formation . Bias is bearish and price seems will fall towards support at 77.002.
-
Bearish engulfing candlestick pattern formed on CADJPY's 4 hour time frame. Prices closed below the psychological support at 78.002. RSI (14) down to around level 53 plus the Stochastic (5,3,3) down to 42-45. Macd (12,26,9) forms lowers high. Bias price is bearish and price will fall towards level 77.152.
-
On the 1 hour time frame silver forming a bullish engulfing candlestick pattern, and this means price is bullish now supported by RSI (14) which observed to rise up to around level 58. Stochastic (5,3,3) which is rising up to around level 85 . Macd (12,26,9) with lowers high. Considering the price closed above the upper band so that it can test the area around ββ20.240.
-
Bullish engulfing candlestick pattern formed in the AUDUSD pair at 1-hour time frame. Prices closed above the psychological resistance level at 0.77000. Overall, all indicators still agree with the current sentiment, because RSI(14) is rising and now at level 60, Stochastic(5,3,3) up to level 76 and Macd (12,26,9) created lowers high formation. A strong bullish bias potential is spotted and price seems rise to 0.78002 area.
-
Mother candle formed on NZDUSD's 4 hour time frame which penetrate rising middle band and gives indication for rising further. RSI(14) up to are around level 56. Stochastic (5,3,3) up to level 59 while Macd (12,26,9) create lowers high formation. Bias is bullish and the price resistance at the upper band 0.72809.
-
Bearish engulfing candlestick pattern formed on GBPUSD's 1 hour time frame with the current price is clearly penetrate the lower band. RSI (14) and Stochastic (5,3,3) both down to level 38 and 31 respectively, the other indicator which is MACD(12,26,9) create lowers low formation. I will go with sell because the current sentiment.
-
Three inside down pattern formed on AUDCHF's 15-minute time frame. he price closed below the psychological support at 0.7500. RSI (14) seems fall down to level 51. Stochastic (5,3,3) also showing trend to fall and now is moving near level 30. Macd (12,26,9) forms higher low formation. Bias is clearly bearish with the price descend towards support at 0.74005.
-
EURGBP's daily time frame saw Doji candle formed, but the prices failed to penetrate the upper band and closed below. So for the other indicator such as RSI (14) observed descend to around level 68. Stochastic (5,3,3) which is fall to around level 92. Macd (12,26,9) created higher low. The conclusion is price may fall considering the bias which is bearish and the price may fall to psychological support at 0.84003 in the area of ββthe middle band.
-
On H1 chart it seems that EURUSD moves below EMA15 that penetrate the middle band indicated for more bearish sentiment. RSI(14) down to level 48. Stochastic (5,3,3) down to around level 76. Macd (12,26,9) is forming lowers low. So overall it supported this sentiment and i recommend to sell.
-
Three inside down pattern is formed by USDCAD on 1 hour time frame chart with the price break down through the lower band. Additionally, RSI(14) fall down to level 28, Stochastic (5,3,3) which is clearly fell to around level 30-33. MACD on the other hand created lower low which may hinder the bias which is bearish.
-
Bullish engulfing candlestick pattern was formed on the gold in 1 hour time frame. Macd (12,26,9) made higher high and price is moving above EMA25 plus that RSI (14) observed to rise up to level 63 and Stochastic (5,3,3) up to around level 83. Bias is bullish and the rice will rise towards resistance at 1358.
-
Technically on H1 chart, the condition of the price is moving below daily pivot not to mention EMA20 also is clearly above the price. RSI (14) supported the current sentiment with the line initiated to fall to level 24, while Stochastic (5,3,3) is clearly fall to level 18 which already in oversold, for now i think the price might have limited bearish trend and corrected to the higher level.