*Official* Forex Trading thread.

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Mr.Canberra

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GBP

cReDdY said:
what are your thoughts for GBP/JPY?
Click to expand...

No comments as do not trade this pair. GBP IS UNSTABLE.

You dare to play GBP pairs? Brave man! You never kena Brexit plunge and flash crash Oct 2016 before right? Many margin accounts were wiped out during flash crash Oct 2016. :D

I bled US$300+ 2 weeks after Brexit plunge. GBP/SGD position survived flash crash Oct 2016 and just broke even few days ago. Now GBP/USD position stuck with unrealised loss of -607 pips since 16/09/2016. Lowest level was around -1200 pips! :s13:

YES I DO NOT PLACE STOP LOSS. :s13:
 
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neoartz

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:s13: finally got time to come to this thread.

Looks like there will not be much action before 9.30pm :s13:
 
Mr.Canberra

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neoartz said:
:s13: finally got time to come to this thread.

Looks like there will not be much action before 9.30pm :s13:
Click to expand...

You have any opened position now?

Damn it today maybe I cannot meet quota to earn cai png money already! KFC even no need to say. :(
 
neoartz

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Mr.Canberra said:
No comments as do not trade this pair. GBP IS UNSTABLE.

You dare to play GBP pairs? Brave man! You never kena Brexit plunge and flash crash Oct 2016 before right? Many margin accounts were wiped out during flash crash Oct 2016. :D

I bled US$300+ 2 weeks after Brexit plunge. GBP/SGD position survived flash crash Oct 2016 and just broke even few days ago. Now GBP/USD position stuck with unrealised loss of -607 pips since 16/09/2016. Lowest level was around -1200 pips! :s13:

YES I DO NOT PLACE STOP LOSS. :s13:
Click to expand...

That freaking long candle :s22::s22: _1200 pips :eek:
You really is NO SL king :s13:
 
Mr.Canberra

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neoartz said:
That freaking long candle :s22::s22: _1200 pips :eek:
You really is NO SL king :s13:
Click to expand...

Luckily I do not play stock. If not I can start my own thread like MasterLeong.

Thread name will be *Official* MasterCanberra Thread (KING OF NO STOP LOSS). :s13:
 
Mr.Canberra

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cReDdY said:
damn scary leh no SL. but that is if you don't play that big
Click to expand...

During a flash crash having a STOP LOSS also no use as a lot of slippage happens! Many traders kpkb their stop losses never triggered. :s13:

Imagine your account have multiple positions with other currency pairs. When flash crash happens and if your used margin is not sufficient. All positions will be auto liquidated and whole account kena up lorry.

This happened to foreign brokerages. Local brokerages may call you to top up margin.

My suggestion is always to have healthy margin. A 50-60% used margin when you have open positions is very safe.
 
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Mr.Canberra

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neoartz said:
Haha :s13::s13: everyone in this thread is master lah.. :D
Click to expand...

Remember this sentence. This is applicable to career, money and love relationships.

"What doesn't kill you will make you stronger!" :s13:

Anger leads to hate.
Hate = No peace/zen.
No peace/zen = Cannot focus in life/career/finance/relationship.
 
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Mr.Canberra

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USD/JPY

London session opens straight away plunged! :s13: :s22:

Hope awful999 already took profit.

I go NTUC Fairprice first. :D
 
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Mr.Canberra

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USD/JPY

awful999 said:
Took profit already but enter again..haha due to itchy hand
Click to expand...

USD/JPY continues to plunge! I am down -95 pips. :s13:

Seems like EUR/JPY is pulling USD/JPY down. EUR/JPY chart is one straight slope down south.
 
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neoartz

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Haha EUR/JPY machiam like freefall.. non-stop dropping :s22:

USD/JPY trading sideline bah.. now bo lat :s13:
 
Mr.Canberra

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neoartz said:
Haha EUR/JPY machiam like freefall.. non-stop dropping :s22:

USD/JPY trading sideline bah.. now bo lat :s13:
Click to expand...

EUR/JPY and USD/JPY plunged has reversed or at least hit the brakes for now.

For now I estimate USD/JPY support at ¥113.6X. Resistance 1 at ¥113.9X. Resistance 2 at ¥114.1X.

One thing good/bad about GBP and JPY pairs are when on form they keep going and going in one direction. 100 pips at one go is not uncommon. Can either huat or pok gai in a short amount of time. :D
 
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Mr.Canberra said:
EUR/JPY and USD/JPY plunged has reversed or at least hit the brakes for now. USD/JPY support at ¥113.6X for now.

One thing good/bad about GBP and JPY pairs are when on form they keep going and going in one direction. 100 pips at one go is not uncommon. Can either huat or pok gai in a short amount of time. :D
Click to expand...

trade news even lagi best... 100 pips within sec with decent RRR

:s13:
 
neoartz

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Mr.Canberra said:
EUR/JPY and USD/JPY plunged has reversed or at least hit the brakes for now.

For now I estimate USD/JPY support at ¥113.6X. Resistance 1 at ¥113.9X. Resistance 2 at ¥114.1X.

One thing good/bad about GBP and JPY pairs are when on form they keep going and going in one direction. 100 pips at one go is not uncommon. Can either huat or pok gai in a short amount of time. :D
Click to expand...

Haha.. that's why i try to focus on 1 major pair first :s13: easier to understand and relate to it.

Esp during major news release. can see shooting star lol:s13:
 
awful999

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Wow..what a fall and then climb...haha from heart drop to heart pump...
Actually just now at 113.6x thinking to add bt no ball..what a miss..haha
 
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neoartz

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awful999 said:
Wow..what a fall and then climb...haha from heart drop to heart pump...
Actually just now at 113.6x thinking to add bt no ball..what a miss..haha
Click to expand...

Yeah but just now the down force too strong. dun want to caught up at the wrong side.

Nvm the night is still young :s13:
 
awful999

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neoartz said:
Yeah but just now the down force too strong. dun want to caught up at the wrong side.

Nvm the night is still young :s13:
Click to expand...
Ya night still young and good that tomorrow don't need to work hehe

I still have a long at 114.02
 
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