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pepy
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Everything posted by pepy
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Candlestick bearish engulfing pattern formed on H1 frame for usd/cad pair with the closing price is able to break middle band. Rsi (14) for this pair is falling to 51. Stochastic (5,3,3) also fall to the area of 55, and lastly Macd is showing low lower. So, strong bearish trend may go towards lower band at 1.29655.
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Money management and stop loss has correlation or relationship to each other, money management gives trader chance to reduce unecessary losses also avoid human to use their emotions too much when decide to close the position, in this case stop loss playing very important part
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But tht automation could lead to more devastating shit. Why? Because it is not flexible as trailing stop which is keep moving so if the price turn back you still able to reap a bit profit. Take profit will just put the price under radar,without doing anything for it until it reaches that specific price.
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Importance of stop loss placement in forex trading.
pepy replied to asiaforexmentor's topic in Forex General Discussion
The benefit of SL is clear, right? Setting stop losses can help you stay away from the mental pressure and unwanted emotions which may destroy your own account . Because you know how much you will lose and also you will be setting the stop loss at the price which you are ready to lose. -
MetaTrader 4 vs MetaTrader 5, which one you choose?
pepy replied to myregister's topic in Forex General Discussion
I think that more than one versioning is not really effective for the company. I see that actually MT4 is similiar to MT5 except in MT5 you can trde in stock or even other niche not just currency or commodity such as gold or oil. This means overall MT5 is better but people already stick theirselves with MT4 and only few who want to change. -
Technical or Fundamental that you like more?
pepy replied to andry777's topic in Forex General Discussion
Embrass? You mean embrace? If tht is the case then learning one of those two(technical and fundamental analysis) will give much more benefit. If you can master both, logically you are able to analyze from two different perspective that may give you better and more accurate view about the current or even the future trend. Trade in long or short term wouldn't much issue later on. -
@skyrock: as long as they don't know that the broker who owned that fixed spread account is the one who control the market and they trade against the broker. Floating spread account tend to be more realistic but it is all up to trader's choice some still able to trade well in fixed spread account.
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On an hour chart the price of audjpy is moving in narrow range of price between 79.10-79.30. The other indicator such as Macd (12,26,9) is moving flat, Rsi (14) also is flat on level 54.Stochastic (5,3,3) is flat on level 70. So overall the prediction is that trend still sideways with the bigger range between 79.00-79.50.
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On 15 minutes timeframe silver seen to break ema(50) with the price crossed middle band. Overall the trend is limited bullish considering Rsi (14) rise to area 45 and Stochastic (5,3,3) rise to level of 70. So conclusion is like i said before limited bullish to 16.330.
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NZDUSD formed Doji on H4 time frame with the price is moving above sma (10) and cut the middle band.Rsi (14) rise to the level of 48. Stochastic (5,3,3) also rise to the level of 65, but Macd (12,26,9) is indicated at low higher. So the conclusion is the price may experiencing the limited bullish to upper band at 0.67750
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EURGBP is moving above ema(25) on 1 hour time frame. With RSI(14) is rising to level 61. Stoch (5,3,3) is also moving towards the higher level at 64. Macd indication is high higher and it means if the price is able to break 0.76402 then the price will rise back to 0.77007.
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Gravestoni doji formed for this USDJPY followed by bearish engulfing pattern, the price is also closed below sma(10). With the other indicators such as Rsi (14) and Stoch fall down to area of 43 both. Macd (12,26,9) also show its movement in low lower. So to conlude it all the price bias is limited bearish.
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EURJPY failed to hold its position above the area of 123.00 on 1 hour time frame, the price is also moving below middle band indicated bearish movement. Rsi (14) dropped to area of 49. Stochastic also dropped to the area of 57. Overall the bias for the price is limited bearish movement.
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GBPCHF daily chart formed bearish engulfing pattern with RSI(14) fall to the area of 66. Stochastic also fall to the area of 72. Macd on the other side reached its higher lower, but overall the sentiment of bearish is strong and the price may fall to support area at 1.4370.
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Gbpjpy pair go down and break the psychology level 161.09 , moreover the price also closed below sma (25) on 1 hour period time frame. RSI(14) and Stochstic fall to lower level, to 41 and 48 respectively. Macd also perform on low lower level indicated bearish pressure, Overall the bearish pressure is strong with support at 160.00.
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Yesterday, UsdCad happened to experience a sharp rebound to the area at 1.29002 up to 1.30002. Overall bias for this pair still bullish, with Sma(25) cut the middle band and macd (12,26,9) low higher. If able to break the upper band at 1.30200 then the price can come back to 1.31007
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USDCHF is only move around 10 pips on the previous NY session, it seems the sideways trend is strong, RSI, Stochastic and Macd are all flat. But today i predicted if the price make break through it would be rise at most to 0.98705 and if fall will be to around 0.99304
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It seems that yesterday the price was moving in the narrow range between 0.72102-0.72302, Macd (12,26,9) is moving flat the same happening to Bollinger band. Rsi (14) is also flat at level 54. Stochastic (5,3,3) is flat at 77. This friday, i predicted overall the price still sideways.
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On H1 Time frame AUDUSD saw on asia session that Parabolic SAR is showing BULLISH tendency, MACD with its BULLISH trend, RSI also bullish. Overall this pair will be under bullish pressure may rise 0.72092 or up to 0.72200, but if cannot break ema50 then the pair will fall.
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NZDUSD's H1 chart saw on Asia session Parabolic SAR is showing BULLISH pattern, MACD is showing BULLISH, RSI(14) is bullish too and Stochastic which is the same(bullish). So the latest decision is bullish, as for the price target it could be at 0.67603-67835.
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Silver on H4 chart saw the price is open below pivot with price still move below EMA50. The latest candle is bear bull bull. Parabolic SAR: BEARISH and MACD: BEARISH. So the conclusion is overall trend is bearish with the price may fall below resistance level at most to 16.124
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H1 chart of USDCHF pair saw Parabolic SAR with BULLISH, MACD with BEARISH, RSI with BEARISH on this Asia session. Overall trend still under bearish pressure and the price may fall to around 0.8 in between this session and europe session later and at 0.99000 - 0.98842
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Yes it is hard to trust Expert Advisor but you should learn from it because it will open your view wide. Also EA still works well if you able to configure it in the right way, but i argue why people always think that robot cannot trade according to the trend on the frame, doesn't it analyze the market before take an action?. Of course it takes an action but you just don't realize it.
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What are the tools of successful trader???
pepy replied to showrov1993's topic in Forex General Discussion
Tools which you need is just experience and trustable broker. Experience comes from knowledge which refined by traninig in either demo or real account or even through contest. Experience handle emotions, your analytical skills, your critical thinking, your risk management and so on. As for trustable broker this is depend but a trustable broker will give you the best platform and carry your order in the most fair way. -
When should you invest in gold and how to do it?
pepy replied to David_Warner's topic in Forex General Discussion
@myregister: Have you ever invest in gold? At least in online gold like in broker for example, you buy XAUUSD and sold it later?. Remember hedging? That is why people invest in gold. People do hedge in case something happened with the current financial. As you can see that gold is not just investment, it is practically ancient currency and hedge in modern era. To invest is easy, as long as you want to invest through broker like what i said before.