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pepy
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Everything posted by pepy
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But you must make sure to take the risk inteligently if you don't take it intelligently you only cause unecessary losses, i learn bout this many times during my 2nd year of trading and guess what i can minimize much more losses, but ths is not easy also if someone told you they can eliminate the risk they're lying.
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audjpy in last asian session cannot fall further thanks to strong psychological support at 78.00, after that the price formed double bottom pattern on H1 frame indicated bullish pressure starting. Stochastic (5,3,3) and RSI(14) rise respectively to 25 for Stoch and 28 for RSI. Macd (12,26,9) forms lowers high and the bias is strong bullish with the price may rise to closer resistance in middle band area at 78.80.
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It seems GBPJPY successfully break the lower band on daily frame with RSI and Stoch(5,3,3) fall simultaneously to 31 and 17. Macd (12,26,9) forms lowers low. So overall the pressure from seller still significant and bias is overall bearish which may bring the price to psychology support 150.00.
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Bullish engulfing pattern formed on h1 timeframe of silver and not only that the price is successfully break middle band and closed just above middle band. Stochastic (5,3,3) observed rise to 61, Rsi (14) also rise to the area around 53 plus Macd (12,26,9) formslower high. The bias is bullish with resistance at 17.500.
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Gold hold its position above middle band on one hour time frame and continue the uptrend with double bottom pattern. Stoch and RSI observed to rise to 39 for Stoch and 58 for RSI. Macd (12,26,9) on the other hand forms highers high. With these signals it seems that bias is strong bullish and the price may passing through 1277 or even up to 1280.
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EURCHF observed to formed doji morning star on H4 chart. Price also observed to rise and break EMA (10). Stochastic (5,3,3) also observed to rise at 19. RSI (14) rise to 29 and Macd (12,26,9) forms lowers high. The bias for the price is medium bullish with resistance at 1.09003.
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H1 chart. GBPCHF observed descend to the lower level and successfully break support level which is the psychological level at 1.37000 plus the price closed below lower band. Stochastic (5,3,3) descend to 9 which means in oversold area. RSI(14) descend to area 30, while Macd (12,26,9) forms lowers low. Bias is strong bearish and may touch support at level 1.36002 before start to rebound.
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Daily chart. It seems three inside down pattern formed on EURJPY chart and yesterday's closing price is below lower band. Stoch seen fall to the area around 18. RSI (14) fall to the area around 30, and Macd (12,26,9) forms lowers low.If the price closed below 119, then price may fall further up to 118.00.
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Bullish engulfing pattern successfully formed on daily chart of EURGBP and the price observed break the upper band area which located at 0,79305. Some indicators such as Stochastic (5,3,3) rise to area 77, RSI (14) rise to the area 60, and Macd(12,26,9) forms higher high. Strong bullish seems dominate the market with the price rise towards resistance level at0.80007.
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Hanging man observed formed on daily frame of USDCHF with the total volume is rising. Stochastic (5,3,3) saw the trend fall to around 28, other than that RSI (14) influenced by bearish descend to around 38. Last but not least Macd (12,26,9) forms lowers low. With this, the price may fall to support 0.9435 latter since lower band has been broken too.
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USDJPY observed break psychological level which is today's support at 106.00 on H4 chart and at the same time successfully formed three inside down pattern which also break and closed below today's lower band. Stochastic (5,3,3) observed to fall to level 10. RSI (14) descend to around 33, and Macd (12,26,9) forms lowers low. Overall, the today is still bearish with price has potential to fall down near 105.00.
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Bearish engulfing pattern formed with the strong bearish pressure on H1 chart also the price successfully closed above EMA (10). Next, Candlestick reached middle band. Stochastic observed rise to level 59, while RSI(14) observed rise to around 40. Macd (12,26,9) forms lowers high. So the bias will be dominate by strong bearish and resistance located at 0.74156.
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Pinbar seems formed itself on one hour time frame of NZDUSD when the price rebounded and clashed the lower band. Stochastic (5,3,3) observed to rise to around level 20, while RSI (14) rise to level 33 and Macd (12,26,9) forms lowers high. If the price reached EMA (10) there is possibility for the price to rise to middle band at 0.70756 or up to upper band at 0.71153.
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Usdcad on H4 chart formed doji and successfully crossed the upper band also the price losed above that upper band. The next price closed below psychological level at 1.28002. Stochastic(5,3,3) observed around 97 and RSI(14) rise to. Macd (12,26,9)forms lowers high. The conclusion is the strong bullish bias, with resistance on the psychological level at 1.29007.
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How about a forex robot or expert advisor that will give you return 2 times in just on year or even less? To me that is totally BS. Total myth and will lead to more losses from trader's perspective. This just will reap trader's money and give them maybe profit but not 2 times, more reported even lose more after buy that kind of expert advisor.
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@RADEX78: this is why we should be careful. Also thanks to higher leverage people can trade even with smallest amount of money. By the way no heart feeling here, lower leverage is good for someone who has big capital say millions of dollars, but in fact people around the world even those big players still prefer 1:100 as the standard leverage.
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As long as their feeling not to be satisfy with their current earning is realistic that is fine, it will promote growth thus make trading more effective and people gain more and more motivation to trade. If that is unrealistic or they want that in relatively shorter time then that is not good for their trading, it would be wise if someone not to do that just for the sake of their future as forex trader.
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I think you don't have to know anything or so knowledgeable, if you know a bit about risk management then that is fine to use robot, in fact many people don't know about how to manage the risk and still want to use robot also tend to forget that fx robot actually has risk management too that wil executed if meet its requirements. So i can say i don't agree with you.
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Well that is actually make a sense if someone start to treat foreign exchange as gambling they are maybe related to addiction but there is difference between addiction and less knowledgeable people, We need to know where is the difference so we can separate someone who is truly addicted to forex and someone who just don't know what they are doing with.
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Pinbar formed on H1 chart of AUDJPY while failed to close the price above resistance at level 80.00. Other indicators such as RSI (14) observed to fall to 58. Macd (12,26,9) forms higher low and Stochastic (5,3,3) also fall to around level 48. Price bias is strong bearish with the price itself may fall sharply and break the lower band at 79.55.
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AUDUSD on h1 chart observed to rise to resistance level at 0.74702, after that nothing happened so much. RSI (14) dan stochastic (5,3,3) both ascend to the same level at around 73. While Macd (12,26,9) forms higher high. Bias is strong bullish pressure and the price may ascend towards upper band which located at 0.75000.
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After 3 black crows now 3 rising pattern formed on H4 chart indicated the price may rise and break the resistance psychology level at 1.27003. RSI (14) ascend to area 37 and Stochastic (5,3,4) observed to rise at around level 63. Macd (12,26,9) forms lowers high. Bias may corrected and rise to area around level 1.2900 or even a bit higher
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NZDUSD ascend and break resistance level at 0.70000 on H1 chart. It means that Upper band seems distancing from the resistance area. RSI(14) observed to rise to around area 68. Stochastic (5,3,3) ascend to area around 83. Lastly, Macd (12,36,9) formed higher high, so the bias is strong bullish sentiment with resistance at 0.71000
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Morning star formed on USDCHF 4 hours time frame with the range less than 20 pips. Rsi(14) rebound to level 16, while Stochastic (5,3,4) rebound to the area near 10. Macd forms (12,26,9) lowers high. Withe the current condition the bias is limited bullish and the resistance for this is at 0.96708.
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EURJPY on H1 frame chart observed to turn around and fall to around psychological level at 122.00 whch also become the upper band, other indicators indicated bearish trend with RSI fell to around level 52 and Stoch fall to around level 56. Macd (12,26,9) forms higher lows formation thus the price may ended up fall further. Bias is strong enough to pull the price to support at 121.00.