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  • #1,113,561
  • May 30, 2017 4:17pm May 30, 2017 4:17pm
Quoting Babypips101
{quote} Unfortunately US leverage limit for retail traders are 1:50...but if you are a citizen or a dual citizen of another country outside the USA. Then the leverage could be anywhere between 1:100 some cases 1:1000 I highly recommend you do you're research though...there are some shady brokers out there

yea i looked it up and you are right usa retail traders are limited 1:50.. but i guess in reality it is better off this way. i wont loose as much/gain as much so i can really practice on the fundamental skills needed to survive
  • #1,113,562
  • May 30, 2017 4:19pm May 30, 2017 4:19pm
Quoting Jrotc1sg
{quote} yea i looked it up and you are right usa retail traders are limited 1:50.. but i guess in reality it is better off this way. i wont loose as much/gain as much so i can really practice on the fundamental skills needed to survive
Nice. Here is the ULTIMATE GOAL for all?:

Make enough in an account in the US to be able to buy a passport in another country, and a bank account so you can broker elsewhere. Haha - it should be possible though.
  • #1,113,563
  • May 30, 2017 4:24pm May 30, 2017 4:24pm
Quoting imwim
{quote} I don't use the MT4 fractal indicator, but I have build a fractal map/table for any possible price movement, as pairs of impulses and retracements. Very similar to the Mendeleev's Periodic Table. For example, a cumulated fractal movement of exactly 20 pips = a cumulated impulse of exactly 26.8 pips - a cumulated retracement of exactly 6.8 pips .
I don't understand, therefore you must be crazy. We're gonna get in trouble for not showing our working out. Im trying to grasp what your telling me. This is what I sound like to everyone ok. Fair enough..

A 26 pip move is what it is, it can't be a 20 pip move? U know what the fractal indicator is a little mini head and shoulders indicator..
Mendeleevs Periodic correlation station..
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Founder of Sutherland Wave Principle
  • #1,113,564
  • May 30, 2017 4:27pm May 30, 2017 4:27pm
Quoting cvds16
{quote} it happened in Belgiuim over 20 years ago, so doubt you know him ...
Yea I doubt lol I wassnt even in university then.
"Diversification is an excuse for a lack of talent" ~FXC
  • #1,113,565
  • May 30, 2017 4:37pm May 30, 2017 4:37pm
Quoting skillz16
{quote} Nice. Here is the ULTIMATE GOAL for all?: Make enough in an account in the US to be able to buy a passport in another country, and a bank account so you can broker elsewhere. Haha - it should be possible though.
The idea that an usa citizen needs a passport from another country to open an account outside the usa is just a misconception.

As far as I know (correct me if I am wrong), USA citizens can open an account with any broker anywhere in the world as long as the broker is not NFA or CFTC regulated and if you trust them. And just because a broker is not for example NFA regulated, doesn't mean the broker is shady. In other words, if a trader from the usa trusts a non usa-regulated broker elsewhere in the world he/she can open an account and trade with them.

Stay Green
Focus only on what truly matters!
  • #1,113,566
  • May 30, 2017 4:38pm May 30, 2017 4:38pm
D1 bullish (spike) but H4 and H1 bearish.
What is your sentiment?
(I scalped every 10 pip bear move)
  • #1,113,567
  • May 30, 2017 4:38pm May 30, 2017 4:38pm
Quoting suthmo
{quote}I don't understand, therefore you must be crazy. We're gonna get in trouble for not showing our working out. Im trying to grasp what your telling me. This is what I sound like to everyone ok. Fair enough.. A 26 pip move is what it is, it can't be a 20 pip move? U know what the fractal indicator is a little mini head and shoulders indicator.. Mendeleevs Periodic correlation station.. {image} {image}
That's a very naughty image dear suthmo.. hahah..

Stay Green
Focus only on what truly matters!
  • #1,113,568
  • May 30, 2017 4:39pm May 30, 2017 4:39pm
has anyone noticed on a monthly timeframe that eur/usd is about to touch the 50 rsi level... last time it did that on the monthly was in 2014.. plus tomorrows news for the euro.. any opinions here i wanted to short but idk if bull run is over.
  • #1,113,569
  • May 30, 2017 4:42pm May 30, 2017 4:42pm
Can anyone explain the 30min drop on GU ~ 70 pips?
  • #1,113,570
  • May 30, 2017 4:44pm May 30, 2017 4:44pm
Quoting Jrotc1sg
has anyone noticed on a monthly timeframe that eur/usd is about to touch the 50 rsi level... last time it did that on the monthly was in 2014.. plus tomorrows news for the euro.. any opinions here i wanted to short but idk if bull run is over.
Good point.. correlates also with monthly fib level, which is at/around 61.8% right now..

Stay Green
Focus only on what truly matters!
  • #1,113,571
  • May 30, 2017 4:52pm May 30, 2017 4:52pm
Quoting suthmo
{quote}I don't understand, therefore you must be crazy. ....
Terrible drawing
  • #1,113,572
  • May 30, 2017 4:52pm May 30, 2017 4:52pm
Quoting Timnyman94
Can anyone explain the 30min drop on GU ~ 70 pips?
Managed to catch the short (SL to be) was just lucky EURUSD also not sure why
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Self discipline It is a practice
  • #1,113,573
  • May 30, 2017 5:04pm May 30, 2017 5:04pm
Quoting Ata-Turkoglu
{quote} The idea that an usa citizen needs a passport from another country to open an account outside the usa is just a misconception. As far as I know (correct me if I am wrong), USA citizens can open an account with any broker anywhere in the world as long as the broker is not NFA or CFTC regulated and if you trust them. And just because a broker is not for example NFA regulated, doesn't mean the broker is shady. In other words, if a trader from the usa trusts a non usa-regulated broker elsewhere in the world he/she can open an account and trade...

You might not need the passport, but as far as I know you DO need the bank account first. And many foreign banks will not take you/allow you to open an account unless you have a non-US passport (if you are also a US Citizen).

Some even would like for you to have a local company that you run it through for regulatory reasons - so they will not have to deal with the US Govt since you are a US "employee" as a citizen no matter where you are abroad

In fact, as a US Citizen, the only way to have a foreign account and not be taxed in the US AFAIK is to have a foreign company that you do your trading through and then do not take any money out, BORROW against it for your payment to yourself.

*DISCLAIMER: My good friend's father does this and I'm definitely not at this level yet...
and not 100% sure I'd be CRAZY enough to do this because I doubt that the US GOVT likes this very much... haha.
  • #1,113,574
  • May 30, 2017 5:12pm May 30, 2017 5:12pm
Quoting suthmo
{quote}I don't understand, therefore you must be crazy. We're gonna get in trouble for not showing our working out. Im trying to grasp what your telling me. This is what I sound like to everyone ok. Fair enough.. A 26 pip move is what it is, it can't be a 20 pip move? U know what the fractal indicator is a little mini head and shoulders indicator.. Mendeleevs Periodic correlation station.. {image} {image}
Wave1 = +10.2 pips
Wavw2 = - 6.8 pips
Wave3 = +16.6 pips
-----------------------
Wave1 + Wave3 = +10.2 pips +16.6 pips = 26.8 pips (cumulative impulses)
Wave2 = -6.8 pips (cumulative retracements)
Wave1 + Wave2 + Wave3 = +10.2 pips -6.8 pips +16.6 pips = 20.0 pips
q.e.d.
I am who I am
  • #1,113,575
  • May 30, 2017 5:49pm May 30, 2017 5:49pm
my view for EU today:
Asia session = FLAT
London session = DOWN
US session = UP

I have bullish bias for EU but atm. can't identify level & time for entry long so for timing purpose i will use red-line on usdchf - H4
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  • #1,113,576
  • May 30, 2017 5:57pm May 30, 2017 5:57pm
Quoting Timnyman94
Can anyone explain the 30min drop on GU ~ 70 pips?
They are probably talking about it over on the GU thread... but...

https://twitter.com/LiveSquawk/statu...65557494325248

Release of poll showing Conservatives support dropping coincided with the move
Novice trader, please take my opinion with several grains of salt
  • #1,113,577
  • May 30, 2017 6:09pm May 30, 2017 6:09pm
Quoting skillz16
{quote} You might not need the passport, but as far as I know you DO need the bank account first. And many foreign banks will not take you/allow you to open an account unless you have a non-US passport (if you are also a US Citizen). Some even would like for you to have a local company that you run it through for regulatory reasons - so they will not have to deal with the US Govt since you are a US "employee" as a citizen no matter where you are abroad In fact, as a US Citizen, the only way to have a foreign account and not be taxed in...
Thanks for the additional information. My point was simple: It is possible for us citizens to open forex accounts offshore and therefore no need for another countries citizenship.

This link gives all the details for those who look for simple answer: https://the-international-investor.c...erage-accounts

Especially this part explains it: "Under Regulation S of the Securities Act 1933, the SEC prohibits – among other things – foreign financial institutions that are not registered and regulated in the US abroad from soliciting US residents as clients. This does not mean they cannot accept US residents. It means that they cannot market their services to US clients. In other words, they can’t advertise in the US or cold-call US residents to try to persuade them to open an account. But if a US resident approaches them, that’s not a problem. However, many foreign financial firms don’t want to risk falling foul of the SEC, fearing that it could cause them quite a lot of trouble if it wanted to do so. Consequently, as a way of avoiding any issues over whether a client is solicited or not, many simply say “no US residents”.

Long story short: Who seeks, eventually will find a way.. lol

Stay Green
Focus only on what truly matters!
  • #1,113,578
  • May 30, 2017 6:18pm May 30, 2017 6:18pm
So is anyone in the USA using a broker other than OANDA who has higher leverage who is comfortable with there overseas broker. ?
  • #1,113,579
  • May 30, 2017 6:40pm May 30, 2017 6:40pm
The EUR/USD pair initially tried to rally but turned around to form a fairly negative looking candle as it was a shooting star, and it sits just below the 1.12 handle. If we can break down below the bottom of the candle during the day, I think the market reaches towards the 1.11 handle, and then perhaps the 1.10 level underneath. Ultimately, if we find support below, I think the longer-term uptrend continues but we may need to pull back in order to build up enough momentum to go higher. I believe that longer-term we go to the 1.15 handle, but we are bit overextended at the moment and pullbacks should be buying opportunities. A breakdown below the 1.10 level is negative, and probably sends the market towards the 1.0850 level after that.
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  • #1,113,580
  • May 30, 2017 7:17pm May 30, 2017 7:17pm
Quoting Jrotc1sg
So is anyone in the USA using a broker other than OANDA who has higher leverage who is comfortable with there overseas broker. ?
Just curious.. why do you need higher leverage than 50:1?
Focus only on what truly matters!
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