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  • #22,241
  • Feb 1, 2015 6:10pm Feb 1, 2015 6:10pm
Shorter term target remains @ 1240
  • #22,242
  • Feb 1, 2015 6:58pm Feb 1, 2015 6:58pm
Quoting Ck87
Shorter term target remains @ 1240
short testing range???
  • #22,243
  • Feb 1, 2015 8:50pm Feb 1, 2015 8:50pm
Try to Google OR try to fund your Forex account with Indian Debit/Credit card with $1K or more..

Quoting alagiri64
{quote} Hi Clock Trader! I am from Chennai. Been trading in forex since three years in international currencies and gold (xauusd) with an UK broker's whose wholly owned subsidiary office branch is located. All my pay-in pay-outs are converted into INR though I do make profits/losses in international market. My auditor also accepts these accounts for filing income tax. You said its illegal in India. I am little confused. Dont know much on this and dont know who is wrong either you or me. Thanks if you clarify me with some details to my mail id :...
Hello World!
  • #22,244
  • Feb 1, 2015 8:51pm Feb 1, 2015 8:51pm
Mate,
You are free to follow your view.. everyone is free to do so..

Quoting TotallNewbie
{quote} I don't think this is allowed. This could cause serious market manipulation issues. I am not sure how the price works exactly but it should just work like normal stock exchange. There are always people queueing at BID and ASK. For eg: the Swiss incident on 15 Jan 2015: My friend was longing USD/CHF @1.02 with a sl of 100 pips (that means trade will automatically exit @1.01 if the trade went wrong) However he couldn't. Instead his trade was exited at 0.92 with 1000 pips cut loss. But why? The reason is simple, that's because no one is queueing...
Hello World!
  • #22,245
  • Feb 1, 2015 9:10pm Feb 1, 2015 9:10pm
Quoting ClockTrader
Try to Google OR try to fund your Forex account with Indian Debit/Credit card with $1K or more.. {quote}
I agree with CT.. It is not legal to send money out of India but you sure may bring it into you account in India but you may have to pay taxes.. By the way, How are you funding your account? Using an account from another country?

Regards,
Shiva
  • #22,246
  • Feb 1, 2015 9:30pm Feb 1, 2015 9:30pm
Quoting manu3000
{quote} I agree with CT.. It is not legal to send money out of India but you sure may bring it into you account in India but you may have to pay taxes.. By the way, How are you funding your account? Using an account from another country? Regards, Shiva
Yes, you are 100% right.. they won't mind if money is coming from trades.. You can take any amount, but, you can't fund your account from India, not even a single $. Its against the laws. Even when I send few hundred $s to a friend through PayPal or buy something off net through PP, they (Bank) start sending me dirty emails.

I don't have a Forex account, use a friend's account for research & trades. I trade contracts in INdia.
Hello World!
  • #22,247
  • Feb 1, 2015 9:38pm Feb 1, 2015 9:38pm
Quoting manu3000
{quote} I agree with CT.. It is not legal to send money out of India but you sure may bring it into you account in India but you may have to pay taxes.. By the way, How are you funding your account? Using an account from another country? Regards, Shiva
On a light note, they did not mention this in the law-book, but, I just assume that practice/demo accounts are legal :-)

I know how the world laughs & looks at our stone age system.

PS: Indian local commodities exchange is more dirty than Forex. They can scam & suck. Seems the Govt is Sold Out!
Hello World!
  • #22,248
  • Edited 10:19pm Feb 1, 2015 9:55pm | Edited 10:19pm
.. One way of protecting your currency is by not exposing it too much to the volatility of the market.. India, INR, I mean at this point of time is only or only majorly impacted by the oil prices and if exposed you never know..

I use my account outside of India to trade and I kind of wonder how it will be when I come back to India.. lets see..

Regards
Shiva

Quoting ClockTrader
{quote} On a light note, they did not mention this in the law-book, but, I just assume that practice/demo accounts are legal :-) I know how the world laughs & looks at our stone age system. PS: Indian local commodities exchange is more dirty than Forex. They can scam & suck. Seems the Govt is Sold Out!
  • #22,249
  • Feb 1, 2015 10:59pm Feb 1, 2015 10:59pm
Gold inside consolidation area.

My bias is still short for now since its still not able to break the resistance around 1287.
To short, a clear signal and break below 1277 to enter. No signal yet

A strong close above 1287, i will stay aside and wait for a buying opportunity.

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Reaction is better than Prediction
  • #22,250
  • Feb 1, 2015 11:16pm Feb 1, 2015 11:16pm
same , correct a little min 1270 as usual with dn for up 1266 to test up 1300 +, 1307 success & hold or crush to 1325/46 nest target as ususal. crazy can be always a chance other than as usual in Forex . Take care ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #22,251
  • Feb 1, 2015 11:34pm Feb 1, 2015 11:34pm
Quoting Ck87
Commercials are Oh So Bearish... notice how the small specs are as bullish as they were at the last top.... mmmhmmmmm. I'll stick to selling. Good luck this week boys. I'm kicking day trading for a while and sticking to long term investing/ longer term big plays. That's where the money is for me. Day trading, as Jesse Livermore said, is too tough on the emotions... at least it is for me. GL! And always trade smaller than you think you should, way smaller! {image}
May be the commercials !! but it will be huge job for them to control way off , need extreme shaking the market\ unrest to do so ( not know anything as such coming in world economy next wks fundamentally ), stop bull around this level , stop price breaks & held 1307 & next same for 1346 , another real bull signal for 1521 limit up for down. yes big crushing can be done breaking with those levels , just break & crush formula. both bull bear happy with .That is bull intact till not, top to break down!!
anyway take care .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #22,252
  • Feb 1, 2015 11:44pm Feb 1, 2015 11:44pm
Quoting fontu
same , correct a little min 1270 as usual with dn for up 1266 to test up 1300 +, 1307 success & hold or crush to 1325/46 nest target as ususal. crazy can be always a chance other than as usual in Forex . Take care , fontu {image} {image}
Hi All.. Now I'm trying to use H4 to entry. I'm long at 1282.26 targeting 1343.41 (Hopefully.... )
This is for my long term trade, maybe will need a month. For H1 entry I'm still waiting for a sign. Green pips to all. amen..
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  • #22,253
  • Edited Feb 2, 2015 12:14am Feb 1, 2015 11:57pm | Edited Feb 2, 2015 12:14am
Quoting berda
{quote} Hi All.. Now I'm trying to use H4 to entry. I'm long at 1282.26 targeting 1343.41 (Hopefully.... ) This is for my long term trade, maybe will need a month. For H1 entry I'm still waiting for a sign. Green pips to all. amen.. {image}
Hi , ok , just a medium term where 1238 not breach any time & monthly target can go 1392/1400, signals go to 1307 breaks & next 1344 step by step & hold too as chances crush will always be there even breaks those lines . Gold still in a big consolidation even go 1500++ with breaks 1521 limit also till all time top breaks & hold also & so can follow more consolidation towards key levels still intact or not tested 1032 , though can say nearer went down & enough for if goes above the top or at least 1 big leg up . Take care
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #22,254
  • Feb 2, 2015 1:01am Feb 2, 2015 1:01am
Quoting fontu
{quote} Hi , ok , just a medium term where 1238 not breach any time & monthly target can go 1392/1400, signals go to 1307 breaks & next 1344 step by step & hold too as chances crush will always be there even breaks those lines . Gold still in a big consolidation even go 1500++ with breaks 1521 limit also till all time top breaks & hold also & so can follow more consolidation towards key levels still intact or not tested 1032 , though can say nearer went down & enough for if goes above the top or at least 1 big leg up . Take care fontu {image}
What is your time horizon for 1500++ ?

You never ever share any calls here.. I wonder why?
Hello World!
  • #22,255
  • Feb 2, 2015 1:06am Feb 2, 2015 1:06am
Quoting ClockTrader
{quote} What is your time horizon for 1500++ ? You never ever share any calls here.. I wonder why?
I meant, no entry, no SL / TP
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  • #22,256
  • Feb 2, 2015 1:19am Feb 2, 2015 1:19am
Have taken a short Entry 1278.7 Stop 1281.9 Target 1274
  • #22,257
  • Feb 2, 2015 1:32am Feb 2, 2015 1:32am
The weekly rejection of 1287.10 has failed with Fridays strong triple close up, turning the weekly into an ugly bear trap rather than clean rejection. Probabilities of 1287.10 long term break or fade are back to gambling levels so I'll be passively watching for another weekly close to tell.
  • #22,258
  • Feb 2, 2015 1:52am Feb 2, 2015 1:52am
Quoting ClinicalEx
The weekly rejection of 1287.10 has failed with Fridays strong triple close up, turning the weekly into an ugly bear trap rather than clean rejection. Probabilities of 1287.10 long term break or fade are back to gambling levels so I'll be passively watching for another weekly close to tell.
Even I plan to sell.. BUT, I would like to observe NY morning & noon & be sure..

I would rather like to test longs right now..
Hello World!
  • #22,259
  • Feb 2, 2015 2:21am Feb 2, 2015 2:21am
Quoting ClockTrader
{quote} Even I plan to sell.. BUT, I would like to observe NY morning & noon & be sure.. I would rather like to test longs right now..
@1277

Cleaned the slate, took all the profit I could from longs..
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  • #22,260
  • Feb 2, 2015 2:23am Feb 2, 2015 2:23am
just dropped below weekly pivot 1278
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