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pepy
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Everything posted by pepy
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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
Investing in gold is crucial matter, i prefer someone to invest in gold at any time, but remember this cleary that once the big currency such as GBP or EUR or USD is rising the value of gold will detoriate while when big currency such as USD fall down then that is the time for gold to shine. It is different to invest in real gold then gold trading in forex, i prefer real gold where i can touch, i mean the physical one. -
Yes, i agree with you as long as you able to control the risk it wouldn't be the big deal. Also every single business we do actually has its own risk, big or small but the bigger you have the risk the bigger also your chance to get bigger profit and the same thing happened with small risk businesses, the other thing is that emotions this is actually make you lose indirectly even you don't mean to.
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Only few that do forex as hobby which maybe a bit suspicious answer but yes mostly people who invest their money in foreign exchange of course hoping for more profit which means they need money or because of money they step towards trading. Imagine big turnover forex has it should be keep people who seek economic freedom drooling over and over again.
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This is not webmoney but it seems for fx companies they accept some of it. But if what you mean is exchanging with webmoney and then use that to invest in broker i think it is quite possible because they accept it. What Capitalist lack now is more advertisement, yeah i know it is growing but to be more estabilished with more active users they must be aggressive too.
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Just checked the site after saw your message and i find the list of merchant which is used epay as payment processor and there is no any broker i mean forex broker, but there are various merchants which use e-pay services, ranging from HYIP to Exchanging site indicated this one is growing and keep gaining more trust from people but to reach a state like more estabilished payment processor has, it seems i will give around 4-5 years.
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I see payeer has some kind of debit card here issued by mastercard, but so far i cannot find much testimonial about their issued debit card, is this convenient enough for us to use, is the fee lower than any other kind of card where we can use anywhere anytime? Andddd for withdrawal that is zero, i just find it out and free monthly services for 3 years only, the fee is taken by payeer.
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The downtrend is clear, combined with hanging man which appeared before on daily frame, the lowest price on friday got its support at 0.85021. The other indicators also indicated for bearish trend.Stochastic (5,3,3) and RSI(14) fall to around level 79 and 72 respectively, while Macd (12,26,9) formed higher low. Bias for this week is mid bearish with nearest support at 0.84341.
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It seems bullish engulfing candle formed on daily frame of AUDUSD which become closing this week. The price closed in second resistance range. Macd (12,26,9) higher high. Stochastic (5,3,3) rose to level 80 and RSI (14) rose to around level 58. Strong bullish bias will be strong next week and resistance will be at 0.75956 up to 0.76234. While support will be at 0.75237.
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EURJPY observed on formed double bottom patter on 1 hour chart which become the closing trading this week. Overall it is under bullish pressure. Indicator such as Macd (12,26,9) formed lowers high, while Stochastic (5,3,3) and RSI(14) rise to around level 36 and 43 respectively. This strong bullish bias could drive the price later to pivot at 111.73 or even more to resistance at 112.26
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It seems that on H1 chart bearish engulfing pattern formed followed by bearish candle. It means this pair(AC) will meet its downfall but the bearish is medium Moreover Stochastic (5,3,3) observed fall to level 70. RSI (14) fall to around level 55, while Macd (12,26,9) just formed higher low position. The support in lower band is located at 0.72957 with the lowest position at 0.72350.
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Bullish engulfing pattern candle formed on Daily frame of USDCAD with Stochastict (5,3,3) rose to around level 69, RSI(14) rose to around area 54, while MACD (12,26,9) formed lowers high. By those all, the bias is clearly bullish but with medium resistance from seller and the resistance of this may meet at upper band or to be pricese at 1.31252.
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GBPJPY's pair formed doji pattern on H4 chart with candle break psychology support at 130.00 and closed below of that psychology price. Stochastic (5,3,3) falls to around level 14. RSI(14) fall to around level 30. Macd (12,26,9) forms lowers low. Chart now dominated by strong bearish trend with support around lower band at 128.20
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Again bearish engulfing pattern candle formed on H1 frame of AUDJPY. The price seems able to break middle band down and closed below. Stochastic (5,3,3) shows it rise to around 64. RSI(14) fall to around level 48 while Macd (12,26,9) formed higher low. Price bias is still strong bearish with support on lower band (74.85) and to the lowest point of 5th july(74.45).
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This week NZDUSD still closed at 0.7312. On daily frame it seems the closing price in the area between second resistance and third resistance which indicated next week the bias might be strong enough to rise higher at around 0.7389-0.7466. Stochastic (5,3,3) and RSI(14) rose to 78 and 65 respectively while MACD (12,26,9) forms higher high.
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EURCHF H1 charts ended up with bullish engulfing pattern formed and the candle of this pair after that break upper band and precisely close just above the upper band. Bias is limited bearish with resistance at 1.08552. Stoch(5,3,3) and RSI(14) respectively both rise to area around 64 and 60 while MACD just formed higher high formation.
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It seems doji formed on 30 minutes chart also in 1 hour chart, and after that bearish engulfing pattern followed where the price successfully break mid band and closed below. Stochastic (5,3,3) seems fall to around level 24. Rsi (14) fall to area around 47, and Macd (12,26,9) shows sideways divergence. Bias is limited downward movement up to lower band at 1.26150.
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Bearish engulfing pattern seen formed on H4's usdjpy pair chart which means indication for reversal, with the price has bigger chance to fall to around psychological area around 100.00 if can break the mid-band since the bias is strong bearish. Stochastic in this pair is fall to level 35, RSI (14) also fall to level 37 and MACD confirmed this strong bearish bias with forms lower low.
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On H4 time frame's chart, silver observed formed doji and at the same time the price successfully reached the lower band area with Stochatic and RSI(14) fall to level 37 and level 46 respectively supporting this descent movement. MACD on the other hand is a bit resistant with higher low. So the prediction is bias still overwhelmed by bearish and fall towards 19.190
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Bearish engulfing pattern formed on USDCHF on H1 chart, at this rate the price may break middle band through and closed precisely above the middle band and Stochastic rise to around 62 while RSI(14) rise to around 58. MACD on the other hand forms higher high indicating the price is under bullish pressure. It seems the trend will head towards around 0.98054 but if able to break it once considering the condition it may rise up to today's resistance at 0.99001.
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Bearish engulfing pattern formed on Gold H4 chart leaving the price to break down middle band and closed below of that middle band. Stochastic and RSI(14) seen fall down below to around 37 and 52 respectively while MACD formed a higher low position, at the current condition it seems there is strong bias that the price may descend further to 1322.
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You get the point here especially where we must master of how to control emotional stress and mental instability. Money manage is actually what we need to master first, because it will indirectly allow you to control the instability inside of you. If you don't know how to move in right accordance i am sure only loss awaits you so the basic important thing is to control your bad behaviour by mastering risk management strategy.
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If you start to think foreign exchange as gambling only it is sign of addiction. Well to lowering our chance to be addicted to foreign exchange what we need is lowering our own hope of foreign exchange, think that as business where you may produce profit but in reasonable way. One thing which make you addicted is your own purporse to join forex, which is money.
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That is precisely commercial scalping expert advisor, works well so far. I never used it but heard and see some people testimony about how its good performance, in fact it is just like another expert system, so it is just basically load the knowledge of human into robot by using a bunch of code. As long as you know the core it would be better but usually commercial expert advisor is out of the box with some configuration which makes non coder able to use it without much hassle.
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RSI indicator... do you think it is the best ?
pepy replied to omar-profits's topic in Forex General Discussion
To certain extent i must admit that RSI indicator is one of the best indicator where people can use for their daily analysis, but it would be better to put RSI to analyze the market with the longer period of trading like H1 or H4 chart which gives more accurate view of the long term trader and in shorter term of trading. But actually it stil applicable for shorter time frame -
Yes, so when trade make sure you also look at how you manage the risk, because i see that some people usually don't really take a look at how they manage the risk, most of them only thinking about how to make more profits which may compromise their own account for the sake of fulfilling their own desire just to make profit without thinking of the risk.