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Realities of Forex Investment
hisah
#791 Posted : Thursday, March 03, 2011 5:43:02 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Nope. Unless you are in the inside Sad
After a successful week of profits, take a break.

The comex market also works the same especially silver apart from gold. In comex it is still blatant despite the exposure of one JP Morgan by Andrew Maguire last Feb 5 2010 which the CFTC to date has never punished JP Morgan for it. http://www.gata.org/node/8466

But since then JPM has been reducing their naked short positions and that explains why silver has rocketed apart from the ongoing currency devaluation by Feds USD overprinting --> http://www.ft.com/cms/s/...bdc0.html#axzz182Q7kOQY

Despite the heightened awareness of the ongoing precious metals manipulation, it still happens everyday. When the silver and gold markets are about to close especially during the US sessions, a sudden price drop pops up 5 minutes to the close.

Frankly I can't wait for the day all markets just crash and riddle themselves off these fraudulent practices.



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#792 Posted : Thursday, March 03, 2011 9:54:14 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
hisah wrote:

Frankly I can't wait for the day all markets just crash and riddle themselves off these fraudulent practices.


I feel u Hisah, it brings to mind JL battles with bucketshops. Its the high time they r stopped.
“small step for man”
fxtech
#793 Posted : Friday, March 04, 2011 7:41:30 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
SHORT NZDUSD@0.7378

SHORT AUDUSD@ 1.0134

NO TP I WILL TRAIL THE TRADES
Discipline & sticking to your strategy even when you loosing defines great traders.
Allias608
#794 Posted : Friday, March 04, 2011 12:47:13 PM
Rank: New-farer

Joined: 2/16/2011
Posts: 15
Location: Nairobi
I ran demo accounts with FXDD and i found them questionable. Maybe you can try Masterforex, they are ECN broker, MT4 and trying MT5, high leverage is 500:1, accounts from as $1,......www.masterforex.org, since Russian, choose the English version - England flag
Allias608
#795 Posted : Friday, March 04, 2011 12:50:30 PM
Rank: New-farer

Joined: 2/16/2011
Posts: 15
Location: Nairobi
........if you are based outside the U.S.A......they closed all US Accounts as of last month
hisah
#796 Posted : Friday, March 04, 2011 1:42:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Allias608 wrote:
........if you are based outside the U.S.A......they closed all US Accounts as of last month


I guess they closed US accounts coz of the stupid CFTC rules issues some time in July 2009. Now we have the same CFTC adding new silly rules for comex trading. I too ran away from US brokers since the regulator is equally fishy...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#797 Posted : Friday, March 04, 2011 4:26:36 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
EUR/AUD Daily chart approaching 200 SMA. A strong close above this MA, bouyed by Euro recent winnings on of speculation of a rate hike, will present bullish opportunities on the pair next week.
“small step for man”
fxtech
#798 Posted : Sunday, March 06, 2011 7:53:43 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
Fri trades,
AUSUSD +51PIPS

NZDUSD +33PIPS

TOTAL +84PIPS,

LOOKING FORWARD TO NEXT WEEK
Discipline & sticking to your strategy even when you loosing defines great traders.
ngapat
#799 Posted : Sunday, March 06, 2011 11:55:43 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
FIBONACCI TRADING.

Trading setup:
Time frame: any over 5 min and less than 3 hour.
Currency pairs: any.
Indicators: 5 WMA

Rules:
Look at the price waves. Find the most recent swing high and the most recent swing low = so called Fibonacci A swing and B swing.
Pull Fibonacci from A to B.
To know which direction to pull (up or down) simply look at the trend; if it is unclear, find appropriate AB swings and set Fibonacci in both directions.

Once set, wait and watch the retracement from AB swing to unfold.
During the retracement there are three conditions to be met in order to consider trading:
2. The price must at least touch 0.382 Fibonacci retracement level.
3. The 0.618 Fibonacci retracement level must not fail. Here it means the price should not close below (uptrend) / above (downtrend) 0.618 retracement line. It can touch or poke it, but the level must withstand the "attack".
When all three criteria are met, enter once the candle is clearly closed above 5 WMA for Long entry, below - for Short.
Stop order is placed always 4-5 pips above (downtrend) / below (uptrend) the 0.618 Fibonacci retracement level.
Profit target is set to 1.618 Fibonacci expansion level derived from point A.
“Invest in yourself. Your career is the engine of your wealth.”
fxtech
#800 Posted : Monday, March 07, 2011 7:17:27 AM
Rank: Member

Joined: 5/31/2010
Posts: 325
Location: NAIROBI
SHORT EURCHF@1.2926 TP 1.2850 SL 1.2996

SHORT EURJPY@114.821 TP 114.12 SL 115.57

LONG EURAUD@ 1.3801 TP 1.3881 SL 1.3750

WILL BE GOING LONG EURUSD IF SETUP CONFIRMS
Discipline & sticking to your strategy even when you loosing defines great traders.
396 Pages«<7879808182>»
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