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- ozpips replied Jul 23, 2023
We all have distrust issues with these brokers, but we want ultra reliable, and cheap fx or cfd trading at the same time. Not going to happen, you want to act like a pro, pay up, then trade theses instruments with futures contracts.
- ozpips commented Jun 9, 2021
Yep that 20K level hasn't been retested yet makes sense.
- ozpips replied Jun 4, 2019
Yep you gotta love a bullish interest rate cut....hmmm
- ozpips commented Feb 11, 2019
The IG client sentiment indicator showed that 66% of retail traders were positioned net short on Friday. Just a run of the mill stop run is all it was most likely.
- ozpips commented Feb 11, 2018
It looks to me that the smart money is pulling out of global equities, they know why..Technically speaking most major global indices including bitcoin have entered a short term bear market on the daily time frame. This is significant and buyer ...
- ozpips replied Aug 12, 2017
I can see a very big scale pump and dump on XBT playing out very soon...
- ozpips commented Jun 23, 2016
Burned 3 times in a row catching the falling knife. 2008 Monthly lows have now been blown away. Maybe buy tomorrow after the climatic bear candle has formed with a very wide stop.
- ozpips replied Sep 1, 2014
Sadly the country is going backwards but you can't trade that, not unless you enter short positions with no stop loss. This game is just about taking out the stops and nothing else. Surprised to see the 20 pip drop 5 minutes before the building ...
- ozpips replied Feb 16, 2014
That usually means it is going higher. Look for a close below a gap up open to get short OR weekly 1.272 fib extension levels 1.6790-1.6820 if it rallies into that region.
- ozpips replied Dec 26, 2013
This whole industry is smokes and mirrors not just the RR rule but every god damn rule that is instilled in us by trading prophets, bucket shops, gurus, books and trading rooms. Everybody looks for the holy grail that doesn't exist. RR will stop you ...
- ozpips commented May 4, 2013
Dear Mr Loadedgun, You are coming across like the Sheldon Cooper of the trading industry. Just because you do what you do doesn't make it the only or correct method to be profitable. Secondly you are judging me without knowing anything about me. You ...
- ozpips commented May 4, 2013
The story illustrates the emotional turmoil that the participants need to overcome when trading the markets. The game needs to be approached mentally. It doesn't matter how you trade as long as you are objective and consistent in your analysis and ...
- ozpips replied Feb 17, 2013
Hmmm I loathe shorting this pair as it bites you on the ass more times then not but from a trend following perspective it is now in sell all rallies mode. It could fall as far as 96 although probably not. 1.0150 next stop very likely imo.
- ozpips replied Jan 26, 2013
You guys are all so Bearish, tell me why it can't go the other way? I have a lot of support for a bounce on my chart.. Aussie doesn't fall apart that easy, we all know that do we not ?
- ozpips replied Dec 13, 2012
I really don't trust any of them, enough have gone down in recent times. It is a huge problem moving forward if contemplating a big account size. I would be more happy if a bank was a broker like Citibank, though they don't offer to Australians. If ...
- ozpips replied Dec 13, 2012
Mate, nothing is constant in this game. All I'm doing is reading the chart of historical price behavior as you displayed on your chart. You need to read, study and observe more and understand when price is moving what is actually going on. I DO NOT ...
- ozpips replied Dec 13, 2012
More expansion on the beer part thanks
- ozpips replied Dec 13, 2012
YES because the following 5 candles were defeated. A cluster of sell and buy stops would have been resting there and the bulls won the battle. Yes reading that as a short signal is wrong. A candle bouncing off a MA with a wick in a new up trend is a ...
- ozpips replied Dec 12, 2012
Yes I'm in Melbourne, your concept is just plain trend following. Now don't take this the wrong way but your chart which looks to me like a FXCM chart is wrong in your interpretation. 1) Long signal is wrong ( price is trapped between 2 ma's, candle ...