mrikay:


Me I want to buy oh! What is your view?

Buying now will be cool but the only problem is that not sure if this low is gonna be the last LL the pair will be making as I had no targets on it previously... To buy now ,your stop will have to be 5pips below .3996 level on the 4hr TFS making it a total of 31pips from the cp...that's large unlike waiting for the price to get to the norm and short which will necessitate a stop of 10-15pips,shorting will be following the trend but buying now will be trading pullback or a retrace.
4hr tf,just have to wait for market open.

Eurusd has to hit .0828 before any decision can be taken on the pair... A norm there off the daily and a target there too off the 4hr TFS.

Audcad...price left the blue box which is a norm and target is the green box up above there but remember price moves in resonance and blah blah blah(don't really know don't really care ) ...so there is a valid norm at the red box (0.9932) which is where price should come down to first b4 going to hit the target. If price retraces down to the red box then the buy from there upwards to 1.0097 is a 80% trade good.
Edit: I don't give 100% sure trade,I am not the market...

happy new month, trade idea for this month is to sell both aud and nzd against the dollar.
sell aud/usd anywhere from here with a stop loss above 0.7710 or if a daily candle closes above 0.7700 then trade becomes invalid. first tp wld be 0.7595 and second tp wld be 0.7460.
sell nzd/usd anywhere from here with a stop loss or daily candle close above 0.7360. first tp wld be 0.7260 and second tp wld be 0.7190.

pls also do your own due dilligence and goodluck this week and this month.

Cadjpy...the first chart shows a 3 top or what they call it and usually after that kind of set-up there is a change in trend.
If any 4hr candle closes above the norm at 86.32 then the buy is inevitable till 87.96 but if no candle closes above then which means a new low might be formed which invalidates all the numbers on chart.
Remember 4hr tf.
Edit: I am 70% sure price will close above but it doesn't give me a go ahead on it,will kindly wait.

Audusd...price currently at a target ,I'd rather wait for price to come to that norm again and take a buy than sell from the target...selling from the target to the norm is a good idea too but am on mobile and I can't view chart the way am supposed to...prefer sideline than enter a trade without any good reason off my analysis.
The norm is at 0.7428 though like the chart says.
Edit: signed off with these...these few pairs will be enough to trade for the month,the next step is buy at every new norm towards the trend already form till exhausted. Gonna trade the trend and the retraces.

SHALOM

Hello Gurus, I have got one question.
I am new to forex and currently trading using a demo account( MT4).
I noticed that USD/JPY currency pair values are rounded off to 3 decimal places 113.783
According to babypips.com the last number is a minipip( not a full pip) hence a movement from 113.783 to 113.683 should be 10.0 pips.
However on the MT4 trading platform, this is not the case, the above movement is recorded as 100 pips.
Please brothers, which among the two parties should I believe? Is there any reason why these two parties have different methods for calculating pips?

JLINE:
Cadjpy...the first chart shows a 3 top or what they call it and usually after that kind of set-up there is a change in trend.
If any 4hr candle closes above the norm at 86.32 then the buy is inevitable till 87.96 but if no candle closes above then which means a new low might be formed which invalidates all the numbers on chart.
Remember 4hr tf.
Edit: I am 70% sure price will close above but it doesn't give me a go ahead on it,will kindly wait.

Trade was triggered after the close of previous 4hr candle, can still enter now...my stop is just below the norm m*fu at 86.10 around 40pips,TP is open for now...looking at taking at least 3 trades here.

yomiknows:
Hello Gurus, I have got one question.
I am new to forex and currently trading using a demo account( MT4).
I noticed that USD/JPY currency pair values are rounded off to 3 decimal places 113.783
According to babypips.com the last number is a minipip( not a full pip) hence a movement from 113.783 to 113.683 should be 10.0 pips.
However on the MT4 trading platform, this is not the case, the above movement is recorded as 100 pips.
Please brothers, which among the two parties should I believe? Is there any reason why these two parties have different methods for calculating pips?

Its 10pips and babypips didn't lie about that...

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JLINE:

Buying now will be cool but the only problem is that not sure if this low is gonna be the last LL the pair will be making as I had no targets on it previously... To buy now ,your stop will have to be 5pips below .3996 level on the 4hr TFS making it a total of 31pips from the cp...that's large unlike waiting for the price to get to the norm and short which will necessitate a stop of 10-15pips,shorting will be following the trend but buying now will be trading pullback or a retrace.
4hr tf,just have to wait for market open.

Euraud will risk 15pips to long on the pair once price re-touches 1.399*

JLINE:
Eurusd has to hit .0828 before any decision can be taken on the pair... A norm there off the daily and a target there too off the 4hr TFS.

Price back to norm at .072** will take a buy risking 15pips there when price hit.

acct update.

DoroBad:
acct update.

sashibori jaana. been a while.

JLINE:

Trade was triggered after the close of previous 4hr candle, can still enter now...my stop is just below the norm m*fu at 86.10 around 40pips,TP is open for now...looking at taking at least 3 trades here.

Stop hit like boom.

JLINE:

Buying now will be cool but the only problem is that not sure if this low is gonna be the last LL the pair will be making as I had no targets on it previously... To buy now ,your stop will have to be 5pips below .3996 level on the 4hr TFS making it a total of 31pips from the cp...that's large unlike waiting for the price to get to the norm and short which will necessitate a stop of 10-15pips,shorting will be following the trend but buying now will be trading pullback or a retrace.
4hr tf,just have to wait for market open.

Oga i don enter oh

mrikay:


Oga i don enter oh

OK bro,will join you when price close above 1.4070

"It does take some time to study it and get used to it. I feel that your biggest problem is that you want success now, you can't have it. The market requires you to put in some serious brain time before it will reward you, you did not become a professional rugby player the first time you picked up the ball, you had to work at it and still do every day. Trading is just like that it takes time and devotion, there are no shortcuts. Nobody ever became a millionaire by borrowing a system or attending some class. Becoming a millionaire in trading takes time, devotion, dilligence and patience. You will get knocked down a few times and will need to dust yourself off. At the end trading will reward those that appreciate it and have learned its nuances. Pick a strategy and practise, practise, practise. An old hand I know told me it would take 10,000 hours of practise to know a strategy, he was not wrong.


Stick to a strategy and start learning, every strategy can be made profitable as long as it works for you, not anyone else, just you. Start reading some books too about technical analysis, there are lots of them written about equities and they work just as well."

#copied

Flag pattern on Gold

Enjoy the sell off!

JLINE:
OK bro,will join you when price close above 1.4070

Loss. Trade invalid

mrikay:


Loss. Trade invalid

Never call top or bottom. it's never too late to join the trend. learn to follow the trend.

mrikay:


Loss. Trade invalid

Sorry about that,I thought as much that the low wasn't formed yet... That figure I gave earlier was my criteria.
More Green.

Time to buy eurusd target met...stop around 15pips,just bought.
Edit: hoping this target holds if not price might head to .065** but I am risking it.

Bought audnzd with 40pips stop...target is .052** but my TP is open for now.

JLINE:
Time to buy eurusd target met...stop around 15pips,just bought.
Edit: hoping this target holds if not price might head to .065** but I am risking it.

Stop hit...lost 15 there,will buy heavy at .065...nothing pushing it beyond there,not sure.
Same risk of 15 also

yomiknows:
Hello Gurus, I have got one question.
I am new to forex and currently trading using a demo account( MT4).
I noticed that USD/JPY currency pair values are rounded off to 3 decimal places 113.783
According to babypips.com the last number is a minipip( not a full pip) hence a movement from 113.783 to 113.683 should be 10.0 pips.
However on the MT4 trading platform, this is not the case, the above movement is recorded as 100 pips.
Please brothers, which among the two parties should I believe? Is there any reason why these two parties have different methods for calculating pips?

Always Ignore the last digit. If u ignore the last digit in 100 it is 10

CFTC orders FXCM to pay $7M penalty for defrauding retail forex customers
Mon 6 Feb 2017 21:52:02 GMT
Author: Eamonn Sheridan | Category: News

Author: Eamonn Sheridan

Finance Magnates had this story
I found it also on Street Insider ... the gist of the CFTC finding:
(bolding mine)

The CFTC Order finds that, between September 4, 2009 though at least 2014 (the Relevant Period), FXCM engaged in false and misleading solicitations of FXCM's retail foreign exchange (forex) customers by concealing its relationship with its most important market maker and by misrepresenting that its "No Dealing Desk" platform had no conflicts of interest with its customers.
The Order finds FXCM, FXCM Holdings, and Niv responsible for FXCM making false statements to the National Futures Association (NFA) about its relationship with the market maker.

More:

The Order requires Respondents jointly and severally to pay a $7 million civil monetary penalty
and to cease and desist from further violations of the Commodity Exchange Act and CFTC Regulations, as charged.
FXCM, Niv, and Ahdout agree to withdraw from CFTC registration; never to seek to register with the CFTC; and never to act in any capacity requiring registration or exemption from registration, or act as a principal, agent, officer, or employee of any person that is registered, required to be registered, or exempted from registration with the CFTC.

Gretchen L. Lowe, Principal Deputy Director and Chief Counsel of the CFTC's Division of Enforcement.

"Full and truthful disclosure to customers and honest discourse with self-regulatory organizations such as NFA are vital to the integrity and oversight of our markets"

There is more at Street Insider

---
Here is some more detail:

the Order finds, FXCM had an undisclosed interest in the market maker that consistently "won" the largest share of FXCM's trading volume - and thus was taking positions opposite FXCM's retail customers.
It was an algorithmic trading system to make markets to FXCM's customers
FXCM eventually spun off the algorithmic trading system as a new company ... the company remained closely aligned with FXCM
This market maker received special trading privileges, benefitted from a no-interest loan provided by FXCM, worked out of FXCM's offices, and used FXCM employees to conduct its business, the Order further finds.

And here is what that all means ... (ps., this is unsubstantiated, just chatter, rumour only ... just what I've heard):

FXCM largest liquidity provider was a firm called HFT Co.
Owned by FXCM
Acted as a counterparty to FXCM clients
HFT had a "last look" at each trade
HFT could take a trade on board or pass it on to one of their liquidity providers

--
Commodity Futures Trading Commission (CFTC)

Eurusd was triggered, stop in place... Prescainter thanks sir for the story you told me when I came to warri in 2013,was one of the attendees back then. I and my friend came to your house after the seminar the next day.

Eurusd...price hit the b-target at .0659 ...might take another buy,waiting to see reactions.

Edit: re-entered 30mins candle closed above.
...Guts...

scopemarkets:
Flag pattern on Gold

Enjoy the sell off!

50 pips profit taken on Gold sell.

Trade with caution everyone. The market has got its own mind since last week. I was almost fried!

Better sit on your hands than battle the market; you will lose! Most 'rules' have gone to the gutters.