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pepy

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Everything posted by pepy

  1. pepy
    You trade often doesn't mean you will gain much more profit, remember you also may lose when you trade especially if you don't know what to do with your trading, for someone who is experienced in forex the more they trade the more they gain, but experienced traders also see the condition even they enter the market it doesn't mean they open the position during that time.
  2. pepy
    Yes you are right about that BUT psychiatrist could be a forex trader if they want to learn about forex, and actually you don't have too much so called economic knowledge in depth, you see some economist is actually just economist and not traders because they are just someone who analyze without taking an action, they just analyze and don't do an action.
  3. pepy
    Inflation means that economy is growing as long as gdp growth is overcome that inflation and inflation to one country to the other country is different, in developed countries CPI should be quite low not so high like 5% or higher, but for developing countries it is higher, around 4-6%, in developed CPI usually around 1%-3%.
  4. pepy
    If only like that but what you can see here that most of the brokers which offers fantastic rebate usually broker which doesn't well regulated by strong regulators such as CFTC or FCA. If there is broker who do that and registered in CFTC or FCA i would like to see and may apply for rebate. Rebates for me is good because it means lower cost to trade and more profit if we make it.
  5. pepy
    Yes, they just stuck with it because of just works mental, but actually nothing wrong as long as it is work and also the way that platform works is fair. Metatrader is one of the defacto platform because this platform works well and you can easily trade in foreign exchange without much problem.
  6. pepy
    I think it is all about experience and how people deal with this issue, the downside is just like what you said where this trap is persistent but the key to solve it is to release which position doesn't favour you, if the trend is bullish then release the sell positions and if the trend is bearish then release the current buy position.
  7. pepy
    I couldn't agree more with you, i also wondering why some people still don't use their Stop Loss just becuse they think this feature isn't really useful for them. I know it will automatized everything but it doesn't mean it will ruin their trading, it will even safe their butt from their own emotions.
  8. pepy
    The more people experienced with foreign exchange trading the more they feel forex easier but not as easy as when people put their own finger into water. It still need times to be done but if we have experience compared when we don't, we feel trading would be easier for us because of this.
  9. pepy
    It is all about the decision but it seems we need to discuss what is the variable so people choose to treat forex as their main job? Of course i think the earning should be bigger than their current job and also i think it is more secure like even if they lost they still able to back to the current situation in less than few years.
  10. pepy
    I think that as long as currency like bitcoin is available for human to use then it is fine to use, maybe it should have strictier central place like some kind of control where people can depend on so it will be harder for people to do some kind of manipulation which drove the price too much.
  11. pepy
    I think all traders who spent lots of time already know about this issue, risk will be always exist no matter what because in here speculation is the "first citizen", it is the main concept why foreign exchange spur like this. So, what you need to do is to manage the risk since it's already exist.
  12. pepy
    Not needed, but it is up to one to choose what kind of trading type they want. I see scalpers as traders who love to trade everyday or at least if there is a chance to trade, no matter how small it is. As long as it is not exhausting yourself then you don't have to hold yourself back.
  13. pepy
    Fundamentally same but for the whole it is different, since gambling compose few people who try to gamble in one place while forex is the market composed by various liquidity provider and massive traders are trying to speculate inside. Speculation and gambling is nearly the same.
  14. pepy
    Technically yes we should lose to make succeed, but learn from it. Learn from your loss to know how to make your success, if you don't learn you will lose your chance and keep forever loss. This is not a good practice but essentialy someone need to lose once to know what is to be someone who lose their trading and fix their habit.
  15. pepy
    EURCHF included into must be watch pair list this week becuse there's probability for EU's volatility to rise and severely affected this pair too. This morning the gap opening is noticeable with bullish seems dominate for now. The price still is trying to break the current resistance level on H1 chart and the price in future may dominate by bullish candle now.
  16. pepy
    On H1 chart AUDUSD today opened the session with gap above the friday's closing, seeing now the trend still dominate by UP trend the price still rise but with slower pace, BUY still recommended for today since technical indicator such as KDJ and EMA 25 are showing bullish pressure.
  17. pepy
    This morning EURGBP observed to be so much volatile following the opening which showing gap down. Technically it will keep fall as the other indicators show, but UK's referendum could change and to be honest will affect this kind of pair a lot. I don't recommend to trade now but if you follow technical i recommend to be BEAR or SELL.
  18. pepy
    AUDJPY on H1 chart also opened with small gaps after we can see the bullish harami formed last weekend. This condition can be a signal for traders that the price of this pair may strengthening to around level 78.50 and may broke it if the continuous trend is strong enough to push the price.
  19. pepy
    Just like what happened to GBPJPY, gap formed on this morning's opening of GBPCHF on H1 Chart after the break up of IB pattern last weekend. This could be signal the trend reversal to bullish but still be careful wit rumour and sentiment from UK referendum this week which probably could turn the table.
  20. pepy
    Gap up following bullish harami formation which formed last weekend can be a signal for the price of GBPJPY to turn the sentiment from bearish to bullish and could drive price to higher level . But still don't forget this weekend is the most volatile weeks for GBPJPY so still update your fundmental especially before UK referendum.
  21. pepy
    USDCHF still overall sideways but if the price able to break today's support this pair my fall further. Now, Bearish dominate over bullish technically, RSI fall to level 34 while KDJ falls to 46 which indicated further bearish sentiment. It seems sellers try to bring this pair out from sideway phase and back to bearish trend.
  22. pepy
    On one hour time frame gold price observed to strengthened after corrected last weekend but this morning the price corrected itself once again. Technically EMA25 and KDJ are marking the bullish sentiment on this chart with support from RSI which fall to near oversold. I predict this commodity may back to the bullish way.
  23. pepy
    Gap down observed on USDCAD opening today on H1 chart, it seems the candle get a strong bearish sentiment after failed to break MA100 last week and this could be a signal for this pair to back to its bearish course. USDCAD pair has potential to fall down and may even touch level 1.27602.
  24. pepy
    If seeing RSI and KDJ it seems this pair still dominated by bearish sentiment but it seems correction may happened but just in small amount. With the current condition technically on H1 chart i see USDJPY pair will still fall and it is better to SELL with a hope the price could form new lows.
  25. pepy
    Just like the prediction of USDJPY , EURJPY still bearish according to KDJ and EMA25, but with EU there could problem this week with UK's referendum so still be careful, but overall the bearish sentiment still dominate and it seems up to this day it still dominate the market with small resistance, technically i recommend sell but once again be careful with fundamental aspect this week.
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