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pepy
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Everything posted by pepy
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H1 time frame saw the current price of AUDJPY is exactly opened below ppivot level and MA20 which indicated bearish pressure since yesterday and maybe in few hours later. Other signals indicator which are RSI (14) down to level 41 and Stochastic(5,3,3) saw the current trend is falling down to level 58. My prediction this pair may fall and overwhelmed by bearish sentiment.
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H1 chart analysis frame saw that GBPJPY got a bit pressure and it opened exactly above daily pivot level and MA25 also MA50. There is no big movement yet for GBJPY overall i can say it is under sideways, however, it is worth wait because the phase separated from this phase trending will again occur, whereas the stochastic indicator (5,3,3) down to level 56.
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On 1 hour time frame the current price of USDJPY is fall below pivot line with MA25 moving above the current price. RSI on the other hand show bearish signal and fall to level 40 and Stochastic (5,3,3) is exactly falling to 49 indicated bearish sentiment. At the moment this pair still bearish and it seems will continue up to New York session.
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On 1 hour time frame, USDCHF still sideways it seems that buyer and seller sentiment is still strong on both side, moreover it is estimated this movement will persist in the next few days. Anyway, RSI (14) rise to level 52 while Stochastic (5,3,3) fall to around level 8 which is oversold enough. But overall the bullish trend can still be seen and there will likely be back after the sideways ends.
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It seems that EURGBP formed a pennant pattern on H1 chart also RSI (14) fall to around level 48 while Stochastic (5,3,3) exactly fall to level 62. If the scenario is completely based on the pennant pattern, it is possible that after the consolidation phase is over, the pair will resume its bullish trend, let's look and wait.
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EJ yesterday facing rejection after touch cloud trend, thus turned down and formed a bearish candle. RSI (14) observed to fall to level 41 while Stochastic(5,3,3) fall to level 56. The downside movement could continue heading to MA21 back or even further and is not likely to restore the movement of the bearish trend.
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H1 chart saw 2 trials of this pair to break MA100 down but failed . It seems seller still trying to make the price to fall up to MA100 this morning. If successfull it will be bearish but if not something opposite happened. RSI(14) is rising to level 54, while Stochastic (5,3,3) rise to level 69. Based on my prediction, it seems overall AUD/USD will under bearish.
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Failed to break MA100 yesterday but this morning the price is keep falling and trying to test MA100 once again. If the candle today is able to closed below MA100, it is clear that up to next week NZDUSD may fall further, otherwise if failed to do that once again, there is bigger chance for this pair to rebound the price back higher.
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On H1 chart, the price of AUDCHF is moving below the daily pivot and also below MA20 there is a chance it may keep fallin down below but seeing that KDJ is near oversold i think the price might rise, considering also Stoch which rise to level 42 and RSI which do the same but to level 50. So the prediction is bullish but with quite equal bearish movement.
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The current condition of GBPCHF is just below the daily pivot line also below Moving Average(20). This pair also indicated to keep moving below Moving Average(3). RSI on the hand is keep rising and now is noticed at level 50, while Stochastic is keep moving and now observed on level 65. Today's prediction it seems that GBPCHF won't have much bullish effect so it mean is bearish.
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On H1 chart, Silver's price is practically below daily pivot, also the price is kee moving below average since few hours ago. The RSI indicator also observed to rise to level 67, while Stochastic is fall to level 58. Overall even RSI and Stoch is against each other i catch the signal for bullish seeing the Stoch trend as temporary.
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But for robot which sold by seller usually work or if not the one who made it(tailor made). As for the tailor made i can say the price is too much high based on an intermediate trader like me. The performance is various but mostly ended up in profit and especially if you able to set SL you may reduce the loss even further, some robot even put various technique.
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I think the simplicity means reduction of complexity which is truly great thing happening to the strategy. Many traders around the world trade with simple strategty to detect loss or even when to open a position, it also makes the trader become more innovate. Another strategy which i think is worthy to try is simple but complex underground since it will give a better view.
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Not a big deal, if the market less flexible but you get the option to see the depth of the market i think you shouldn't worry about it, For leverage, well that is surely low but that is make sense since leverage means borrowing.In this case i think that we should have thought of big traders , or if we have much capital to trade then ECN could be a good place to choose.
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I know but it means you may feel comfortable with what you have now and then don't or reclutant to adapt the new technology that may change or make our trading better. I know we may afraid of the risk but forex itself is risky. By the way meta trader is doing good now, metatrader become successful like now because of its agnostic platform, but i wonder why they don't accept linux and osx yet.
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Extorting is really bad issue but that is what made up mafia world and what happening in gangster world. The only way to clear that money of course by put it in some kind of investment, and forex as one of the way to invest and gain much more is the suitable place for them. Other business like stock is possible or maybe gold trading and so on. In the end it is govt job i think to cleanse this kind of money laundering not just in forex but other kind of business especially in high risk business.
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I Think Forex is Just Gambling , Do you?
pepy replied to kiranchandra's topic in Forex General Discussion
Forex will be like gambling if we want to treat it as gambling, gambling is a game even it could be industry for some people. Forex inherently is trading or exchange between one currency to the others, thanks for speculator most people which involved in foreign exchange give some vibe of gambling and also we are trying to speculate now makes forex more like investment but that is the purpose of it isn't it? -
Why do we prefer the forex for the stock market
pepy replied to rockstar's topic in Forex General Discussion
stock is the same, it is easy to do thanks to the technology which we have today. We prefer forex because forex has lower entry barrier. It is simple, just think like this. A business where you can get 10 times than that by only invest as low as $50 or $100 compared to a business where you need to invest around $2000 or so? Which one do you prefer? I'm sure it is forex. -
But i think in the end it is all about profit and money, not more than that or less than that. To me successful story is indirect factor why people trade in fx, that is because it hides pile of gold inside that is why by that indirect factor people is getting eager to make a single trading each days or each hours just for the sake of that.
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Do you learn trading by yourself or from a mentor?
pepy replied to Levie's topic in Forex General Discussion
@tray22 About that case i think you're right. I saw some mentors charge a bit higher fees for each session. In my country there are few i found who act like that, to me that is outrageous especially after see some testimony that what they shared is actually just another basic material about forex which you could find easily on net. So from that case, i think we should think twice before choose a mentor , if you can't choose the right mentor then educate yourself. -
How to become a successful trader as soon as possible?
pepy replied to TekiJIa's topic in Forex General Discussion
@tray22: I couldn't agree more, there is no other shortcut for us to be successful trader beside you must through the fire and flames in order to be a better trader or full-fledged one. Of course this process need time, since we need to spend more time in demo account first to gain experience and later gain income in real account where we are ready. -
What the type of Deposit / Withdrawal that you like?
pepy replied to uncle gober's topic in Forex General Discussion
As far as i know payza actually allow and accept their services in forex too and that is fine for people to use it but i don't know if myregister ever said something like that. To me it is matter of preferences. Some people because of balance availability in their country, some prefer for the low fees, some prefer because the payment processor they choose have strong regulation. -
@tray22 Yes, it is practically a risky business since people easily lose if they let their sentiment or their own emotions to take over their trading or in this case people make a wrong prediction by perform a bad analysis strategy. No matter what happens, forex will be risky especially if you earn big, and as we know forex having much more chance for us to earn but with higher risk too and I imagine if forex has low risk then the earning would be low.
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As the thread said make money online and in this case foreign exchange the risk will always be present, even in low risk business the risk is still exist but low not like in foreign exchange where the risk is higher, also we already know how risky forex is and by doing so we can lower the risk by implemented a good risk management, right? This is factually simple thing, it just need a strong will.
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Can you really trade without emotions..?.YES
pepy replied to showrov1993's topic in Forex General Discussion
@tray22 : But that is quite possible thing to do, also you don't have to worry about that because some people do it. They able to trade without any slightest emotions and trade like robot so all of their trading based on the real things not affected by the emotions which some people really concerned just like me who in past made lots of mistakes because can't really separated emotions with trading.