Forex Cryptocurrency General Chit Chat Thread 2019

Hahahaman · Mar 21, 2019

好才能反败为胜。

吓死我了!!! 屌!!!

MrPippen · Mar 21, 2019

ForexChartingSexpert_445 said:

If not how many pips out then FCS SL?!

MrPippen · Mar 21, 2019

ForexChartingSexpert_445 said:
That why I saying!
No ones know!

Only I knows myself where stop loss placement is!
Lai, try to figure it out! I bet you all can't!

Can't lah, because I not as strong as you! Out by 300 pips still ok! :s13:

MrPippen · Mar 22, 2019

ForexChartingSexpert_445 said:
All retails fx traders, theirs simi sai whatsoever systems sure kaboom in no times!

trust me!
Only follows Investment-banks kind of FX Trading Systems will only allowing individuals profiting in long-runs

Investment banks style is buy and hold ~300 pips DD?

Shiny Things · Mar 22, 2019

ForexChartingSexpert_445 said:
I already giving hints on my previous posting.
I utilizing Institutions Methodology FX Trading.

Not the usual general-publics retailing FX Trading.

Yeah no, this is not right. If you were three big figures offside the "institutional methodology" would be "why haven't you closed your position yet, what are you playing at, you're costing us millions, step into my office"

Shiny Things · Mar 22, 2019

ForexChartingSexpert_445 said:
I didn't close my call leh.
I still maintain my GBP Appreciation Call.

So completely aside from FCS's raging narcissism, there's an interesting discussion here about whether you'd want to have any position in cable over the next couple of weeks.

Long or short cable at this point is pretty much entirely a bet on what happens with Brexit, and the expected value thereof. Everything else is noise. There is no useful technical analysis of cable right now because you can't technically analyse event risk.

It seems like the entire street is massively long GBP and not really prepared for what happens if the negotiations blow up and there's a no-deal Brexit on March 29th. Their thinking seems to be:

"If the UK stays in or negotiates a smooth exit, cable will go to 1.50; if they have a no-deal Brexit, it'll go to 1.10. We think there's an 80% probability of Remain or a deal and only a 20% probability of no-deal; therefore the expected value of cable is 1.42-ish, therefore we should buy it."

Which is technically probably correct, but it radically underestimates two things:
1) In the one-in-five chance you're wrong, and the entire investing community has to sell pounds all at once, it's going to move a lot further than 1.10;
2) Even if you're right, there's going to be so many people taking profit on their long-GBP positions that it's going to be tough for sterling to rip much higher.

And three, you have to think there's a pretty good case that they just kick the can down the road with an Article 50 extension... in which case you're stuck with your long GBP position until there's an actual decision, and if anything it probably goes down a bit because the longs get sick of holding it and decide to sell it for something else.

There doesn't even really seem to be a short-term trade either; cable's right in the middle of the 1.30-1.3350 range that it's held for the last month, so it could go either way.

My thoughts are twofold:
1) Why bother;
2) If you really must trade cable, just buy some options expiring post-March-29th in case it all goes pear-shaped.

Shiny Things · Mar 22, 2019

VanillaBinary said:
When you are not sure or just slightly sure...one way or the other....that is the best time to go in....and USE an OPTION...either by itself or in a combination for a synthetic.

Can you tell me why I'd use a synthetic forward instead of just doing a forward?

MrPippen · Mar 22, 2019

Shiny Things said:
Yeah no, this is not right. If you were three big figures offside the "institutional methodology" would be "why haven't you closed your position yet, what are you playing at, you're costing us millions, step into my office"

Exactly, I don't know why we are playing along with FCS...

BTW, thanks for your answer on CHF/JPY...it's just a pair that I find interesting..

I think today got SNB rate decision, but I doubt there will be any surprises...but well, who knows, look at FOMC :s13:

MrPippen · Mar 22, 2019

VanillaBinary said:
No. if you ask a question like that I would not bother wasting my time trying to explain something you cannot understand.

MrPippen · Mar 22, 2019

Shiny Things said:
So completely aside from FCS's raging narcissism, there's an interesting discussion here about whether you'd want to have any position in cable over the next couple of weeks.

Long or short cable at this point is pretty much entirely a bet on what happens with Brexit, and the expected value thereof. Everything else is noise. There is no useful technical analysis of cable right now because you can't technically analyse event risk.

It seems like the entire street is massively long GBP and not really prepared for what happens if the negotiations blow up and there's a no-deal Brexit on March 29th. Their thinking seems to be:

"If the UK stays in or negotiates a smooth exit, cable will go to 1.50; if they have a no-deal Brexit, it'll go to 1.10. We think there's an 80% probability of Remain or a deal and only a 20% probability of no-deal; therefore the expected value of cable is 1.42-ish, therefore we should buy it."

Which is technically probably correct, but it radically underestimates two things:
1) In the one-in-five chance you're wrong, and the entire investing community has to sell pounds all at once, it's going to move a lot further than 1.10;
2) Even if you're right, there's going to be so many people taking profit on their long-GBP positions that it's going to be tough for sterling to rip much higher.

And three, you have to think there's a pretty good case that they just kick the can down the road with an Article 50 extension... in which case you're stuck with your long GBP position until there's an actual decision, and if anything it probably goes down a bit because the longs get sick of holding it and decide to sell it for something else.

There doesn't even really seem to be a short-term trade either; cable's right in the middle of the 1.30-1.3350 range that it's held for the last month, so it could go either way.

My thoughts are twofold:
1) Why bother;
2) If you really must trade cable, just buy some options expiring post-March-29th in case it all goes pear-shaped.

Nice, finally have some real discussion. Based on what you said, then selling could be a way to go. Why?

1. Any bad news now will push it down. Even if Brexit turns out fine on 29th, there will still be ~5 trading days to close shorts without any losses.

2. Selling cable gives swap.

3. If a lot of investors are already long (which is likely, because even careful ones who buy on dips would have entered, given cable reached a low of 1.300 yesterday, so the dips have reach 300 pips already, which surely would had triggered buys), then even if Brexit is good, there might not be anymore buyers (ala buy rumors, sell news).

4. As you mentioned, there could be profit-taking on good Brexit news on 29th (ala buy rumors, sell news), so cable might still drop.

5. If Brexit news on 29th is bad, then it will likely trigger a huge selldown, especially for those who held long on cable for many days and are hurting from paying swap.

So....sell rallies? :s13:

MrPippen · Mar 22, 2019

Wa, this FCS clone survived for 3 days liao.... :s13:

MrPippen · Mar 22, 2019

VanillaBinary said:
This is correct and also wrong in a sense.... if you trade for an institution, the tolerance level is very low and you don't go to bed with a position. If you trade your own money you can do what you like.

The person overseeing you will want to keep his job too

How is it "wrong in a sense", please elaborate? You only said why it is correct..

atf0007 · Mar 22, 2019

VanillaBinary said:
No. if you ask a question like that I would not bother wasting my time trying to explain something you cannot understand.

Hao lian gong jiao wei. Everything dun know, cannot explain then pretend machiam like expert. All same same pattern.

Mr. Wood · Mar 22, 2019

atf0007 said:
Hao lian gong jiao wei. Everything dun know, cannot explain then pretend machiam like expert. All same same pattern.

I can tell u the secret but first must sign up my $4000 course.
den I will up sell u more advance courses and softwares.
:s13:

MrPippen · Mar 22, 2019

VanillaBinary said:
It is wrong in that it would never have been allowed to get to hanging 3 figures out...your supervisor would have thrown you out of the room and never let you in long before it even got to 1 figure...if you trade your own money you can do what you like...if you manage money you have a gate !!!

Ah OK I see..

MrPippen · Mar 22, 2019

Mr. Wood said:
I can tell u the secret but first must sign up my $4000 course.
den I will up sell u more advance courses and softwares.

Can give me discount? $3888 huat huat huat? :s13:

MrPippen · Mar 22, 2019

ForexChartingSexpert_445 said:
Yawh...........
Morning!

FCS 445, proven friendliness in entire FCS clones accounts series!

No stalk! No trolling! Highest Longevity, Integrity!

Just clicked on the report button :s13:

Hope you will still remain friendly... :s13:

MrPippen · Mar 22, 2019

ForexChartingSexpert_445 said:
Check out below for FCS GBPJPY Actual Trade!!
ht ***://i.imgur.com/BT5dDJg.jpg

No joking! No thesis written responses!
Truly live trading warrior!

Thanks for sharing wor!

MrPippen · Mar 22, 2019

ForexChartingSexpert_445 said:
Absolutely!!!!!!!!!!!!

MrPippen · Mar 22, 2019

ForexChartingSexpert_445 said:
I am friendly FCS!!
Clone 445 specialty

But you sibei talk cock leh... How can this GJ trade be blue if you had entered a few days ago? :s13:

Forex Cryptocurrency General Chit Chat Thread 2019

Supremacy Member

Banned

Banned

Banned

Supremacy Member

Supremacy Member

Supremacy Member

Banned

Banned

Banned

Banned

Banned

Member

Banned

Banned

Banned

Banned

Banned

Banned

Banned