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mlawson71
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Posts by
mlawson71
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AUDUSD
in
General
Aug 02, 2017 at 12:39
I think that AUD/USD may finally begin some correction, if the stalling at 0.8060 is any indication.
EUR/GBP
in
New Traders
Aug 02, 2017 at 12:38
EUR/USD seems to be in a limbo too, for the moment at least, but at least the overall trend is much more clear than the EUR/GBP one.
EUR/GBP
in
New Traders
Aug 01, 2017 at 11:57
Later this week there will be Bank of England news, so there'll be plenty of volatility when that happens.
NZD/JPY
in
New Traders
Aug 01, 2017 at 11:55
I took a look at its charts and what you say is accurate. I think I may consider trading this pair. Do you have any advice for me? What should be wary of?
Anyone Using Bitcoin Brokers?
in
New Traders
Jul 31, 2017 at 14:14
If you are trading bitcoins also keep in mind that the long-awaited bitcoin fork is coming on August 1st 2017 (i.e. tomorrow).The fork implies a new crypto currency, called Bitcoin Cash (BCC or BCH), will be created. In theory, you should receive one additional token, for each bitcoin you currently own. The word own is really important, as ownership in the crypto world is a bit more complicated. Some e-wallets and crypto-exchanges will support newly created coins, while others will not. (https://www.forexbrokerz.com/news/which-exchanges-will-support-bitcoin-fork)
NZD/JPY
in
New Traders
Jul 31, 2017 at 14:13
I confess that I haven't even considered looking at the charts of this pair, as it is not very popular. But it is not a bad idea to look into it.
EUR/GBP
in
New Traders
Jul 31, 2017 at 14:12
It's just developing a very tight range, despite the data. I'm waiting for a bigger movement.
Fun on MyfxBook
in
General
Jul 30, 2017 at 11:59
http://www.myfxbook.com/files/mlawson71/34acc8a21b01af88444d74834725a2ae.jpg
EUR/GBP
in
New Traders
Jul 30, 2017 at 11:52
That's exactly what I am doing. Preparing for the next week too, because there will be plenty of news to cause whipsaws on the market.
EUR/USD
in
New Traders
Jul 29, 2017 at 12:40
The way it's rallying it could reach 1.18 next week without much effort.
EUR/GBP
in
New Traders
Jul 29, 2017 at 12:39
Good point. I didn't open that long after all, I decided it's better to wait for the new week and just rest over the weekend. I hope you're having a good weekend too!
EUR/GBP
in
New Traders
Jul 28, 2017 at 14:26
The pair is so overbought already and yet so bullish. I both want to open a long and I am wary of doing it. I can't make up my mind. 😕
Anyone Using Bitcoin Brokers?
in
New Traders
Jul 28, 2017 at 14:22
Forex brokers have started accepting Bitcoin, both as a payment method and a trading instrument. While the former is a good sign for crypto currency enthusiasts, the latter may create an issue. It essentially makes forex brokers compete directly with the established crypto-exchanges. I think that when it comes to trading cryptocurrencies one has to be aware there are some differences between using a Forex broker and a cryptocurrency exchange. (https://www.forexbrokerz.com/news/bitcoin-forex-brokers-compared-to-bitcoin-exchanges) And they should take that into account when deciding how to trade...
AUDUSD
in
General
Jul 28, 2017 at 14:22
I agree, the pair is still very bullish. I think I might buy again.
EUR/USD
in
New Traders
Jul 26, 2017 at 12:19
Do any of you think that the upward movement may finally be over? I am debating whether to short.
EUR/GBP
in
New Traders
Jul 26, 2017 at 12:16
It looks like it will fall back to 0.8875. I haven't dared to open a new short though.
What indicators do you use the most? and why?
in
General
Jul 25, 2017 at 13:41
I occasionally use Bollinger Bands, but apart from that I am trying to learn how use pure price action with no indicators.
AUDUSD
in
General
Jul 25, 2017 at 13:40
AUD/USD is consolidating after the big rally last weel. I think it's possible for the rally to continue.
Can forex trading make you rich ?
in
General
Jul 24, 2017 at 13:39
Ha, that’s a good way of putting it. Sometimes these situations – the broker getting very rich off the back of investors and traders leads to very drastic and unfortunate situations. Last week a group of angry Chinese investors and traders actually invaded the offices of their broker and took hostages because they apparently lost a lot of money. (https://www.forexbrokerz.com/news/Upset-Chinese-investors-hold-hostage-USGFX-staff-in-Shanghai) So far it’s unclear whether the hostage crisis has ended.
EUR/USD
in
New Traders
Jul 24, 2017 at 13:39
Do you think the rally is over for now?
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