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pepy
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Everything posted by pepy
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Nothing wrong with that it is all up to a trader's own mind when it comes to choose what is the best for them, but you must see from the other aspects too. I am talking about diversification here with that much money, also with $2000 you can earn a lot. If you have good analytical skills in less than one year that $2000 would be back to you once again and earn about 3 digits per month is not a dream anymore.
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hone your trading with a demo account and a real account
pepy replied to rizal83's topic in Forex Newbies
Real account is a good place to hone our strategy and our analytical skill, but not efficient because the chance of we are losing our money when trade is actually quite big. Demo account on the hand gives us better chance to redeem if we made mistake, but for many traders they see this as their stepping stone but some members still love it especially as experimental place -
Why do you think people are scared of investing in forex?
pepy replied to Levie's topic in Forex Newbies
@myregister Forex basic is important and it reflected through all trader's trading system and behaviour. Many people scared of investing because they still see forex as a difficult job with high requirement amount of money for its deposit. People also scared to invest because we see many media seems to make forex as a very scary business where you need high technical abilities. -
Oversold and Rejection by R1 indicated a further bullish sentiment and not to mention that RSI and Stochastic also on the overbought zone which means this pair sooner will make a reversal. Parabolic SAR is positively bearish but MACD seems a bit flat on this chart. Based on my prediction i think AUDCHF may fall further and touch 0.7330
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Bullish confirmed, the price also make a bullish engulfing pattern on h1 chart, cadjpy after that rejected by EMA50 and parabolic sar is still moving below the current candle. As for RSI the signal is oversold but Stochastic is bearish at level 32. The bullish will be limited based on my analysis with the target at most at 84.35
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On h1 chart it seems the price of USDJPY is limited bullish, RSI and Stochastic both observed to be bullish where both rise to level 52 and level 45 respectively. MACD on the other hand is sideway. Based on my analysis for this pair there are chance it will rise but still limited up to around 111.40 which is the first resistance line.
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On the opening there was rejection by EMA100 spotted and thus driving the price higher. R1 also got a breakout while R2 is under testing. According to RSI the price is overbought but not for Stochastic, meanwhile Parabolic SAR is still moving below the candle. Based on my prediction NZDUSD has bigger chance to be bullish and my today's target is at 0.7276 - 0.7295
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on H1 chart, GBPJPY strong resistance at its best and formed shooting star + a rejection by 3rd resistance made this pair fall down right now is seeking to break 2nd resistance. Overbought before indicated by Stochastic and RSI, while MACD seems a bit flat. GBPJPY has chance to break that 2nd resistance at this moment and closed down below.
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RSI and Stochastic are both bullish with rise to level 71 and 74. MACD formed lower high, while Parabolic SAR is moving below the current candle. Price is also keep moving above the pivot line. Based on my analysis this pair seems to be bullish and with low signal for bearish sentiment. I expected this pair to keep rise and may touch the first resistance level.
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Well based on 4 hour chart, 3 white soldiers formed indicated the further bullish sentiment but since RSI and Stochastic seems both indicated the overbought signals, it may corrected for a while. Overall today the bullish still dominate the overall market. Price may fall a bit and will rise back once again. The target is at 0.7570
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Demo contest is basically a contest where people compete to each other to make bigger profit. So i can say it is not that really good for learning place but still fine. If you want challenge this is a very good place, the atmosphere is very much like real account because of its competition and urge to be on the top by keep making profit.
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EURUSD is practically bullish especially with the price which successfully break the pivot line and closed above, RSI and Stochastic also are bullish so do MACD which formed lower high formation and confirming this trend. If EURUSD is able to break the current 1st resistance level it may rise up to 2nd resistance and corrected a bit.
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Based on 1 hour chart, I saw oversold state and rejection by 2nd support at 1.4746 . With bullish engulfing pattern formed it seems in future session there will be a reversal. RSI at the moment is rising but Stochastic is falling down. There is a resistance by EMA100 and if EURAUD able to break it then it will landed up to 1.4767 which is pivot line for today.
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Shooting star and overbought by RSI is a strong indicator here, Stochastic seems a bit sideways. Price according to my analysis may fall deeper as there won't be any news that might render it. Also right now the price is testing EMA50 and if break it successfully EURJPY has better chance to fall down further up to 123.95 on 1 hour chart.
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Well maybe because the way they said about stop loss isn't as interesting as the others so it lowers our interest to learn more about this feature. Stop loss here is talking about loss which some newbies don't like to hear because they just want the positivity material such as how to make profit not how to control your lose.
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Hammer formed and followed by strong bullish candle, this means a great signal for reversal considering that this pair failed to break the 1st support. But We need to be careful because overall the trend is sideways. EURJPY right now is trying to break pivot line and if able to break it will rise up to 124.45 but if failed will fall back once again towards 1st support at 123.86
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Price is quite strong for now. Pivot line got a test from the current price and if able to closed above pivot line the price may rise higher considering that mostly technical indicators are bullish leaving Parabolic SAR as the bearish signal which seems to be wait to be break by the candle. My prediction is AUDUSD seems to be bullish up to later session but limited towards 0.75752
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Based on 1 hour chart, there were 3 strong resistance from 2nd support made USDJPY bounced itself back and able to break the 1st support line and closed above, but it is not strong enough because this pair is under flat sentiment. RSI and Stoch as leading are bullish, but MACD is bearish also it seems that this pair want to break the pivot line at 111.37
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Few breakouts made NZDUSD is stronger than before, there are any other fundamental news for few hours later that might change this. It also successfully break 1st and 2nd resistance line. RSI and Stochastic are both bullish while MACD is semi flat but Parabolic SAR is bullish too. If this pair closed again above 2nd resistance it might able to reach 3rd resistance at 0.7271
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CADJPY on h1 chart show there are 3 white soldiers formed and the price is testing pivot line right now. RSI and Stochastic both are bullish and MACD formed higher high. Based on the analysis i made for this pair it may rise but limited up to 83.75 if this pair is able to break the pivot line first and established the price above pivot.
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EMA100 and Parabolic SAR in this chart is showing a strong signal for bearish and AUDCHF also failed to break the pivot instead make a turning point to fall towards the first support line. RSI and Stochastic here are both giving the bearish signals. If this pair able to break that first support line it may fall further and reached the range between 0.7314 - 0.7293
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Forex is a high risk business so i think it should have its own approach and also one mistake could destroy the whole account. This is why i think when we trade we must relaxed enough because it means we are focusing our energy to the whole trading. This also ensure that we can execute the position faster when we weary with our condition.
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Bullish sentiment on EURAUD's 1 hour chart is still strong, the price also successfully break the pivot line and closed above, not to mention RSI and Stochastic are both bullish, Parabolic SAR is also bullish leaving MACD with flat movement. So based on that and my analysis for this pair it seems there are bigger chance for this pair to rise towards 1.48232
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Pivot and EMA100 got a breakout and it is a strong indication for next bullish sentiment, on H1 chart gbpjpy also formed a long bullish candle which support the bullish, RSI and Stochastic as leading indicators rise towards higher level, while MACD showing bearish sentiment, so overall based on my analysis this pair expected to be bullish.
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Since this pair able to break the pivot level today and also the first resistance then i can see that Gold may have few correction in future but with bullish overall reaction. RSI up to now still on bullish state and so do Stochastic. While MACD still a bit flat leaving uncertainty. I can see this commodity may rise up to around 1254.90