Forex Cryptocurrency General Chit Chat Thread 2019

[edwardZ]

Ohhh, so that can happen too. Do pardon my newbness to all these haha

Thanks for the info

np! everyone starts from somewhere, you trade forex extensively?

 

[IceCreamPoop]

np! everyone starts from somewhere, you trade forex extensively?

Yea, spot forex on oanda app. Simple strat of trading 1-2 week long range bound markets. Add in some indicators and some basic candlestick patterns as my entry and exit

 

[Shiny Things]

I’m gonna say I don’t think he got blown up; the moves overnight weren’t big enough to completely toast his account, but he might’ve gotten stopped out by saxo’s “Account protection” thing.

 

[Trader11]

I’m gonna say I don’t think he got blown up; the moves overnight weren’t big enough to completely toast his account, but he might’ve gotten stopped out by saxo’s “Account protection” thing.

Well another day in paradise....

 

[revhappy]

I’m gonna say I don’t think he got blown up; the moves overnight weren’t big enough to completely toast his account, but he might’ve gotten stopped out by saxo’s “Account protection” thing.

That sounds like Trump's plunge protection team

 

[edwardZ]

this thread used to be lively with constructive inputs, i remember there was a regular Mr Canberra...but looks like all the nonsense thrashing here and there took the soul out of this thread sadly

let's restart it nicely? what's everyone's trading style?

for me, i went through abit of hell and decided on doing swing trades within the week instead (usually mon-tue no trades when charts are setting up, then enter on wed, thur/fri close) + some basic chart reading skills and managed to be consistently profitable (although sometimes i still make stupid mistakes lol)

 

[Mr. Wood]

no stop loss ftw
long term trend follow
used to do scalping M5 charts now not so much

 

[wutawa]

Haha, i used to tink this was an occult thread

 

[edwardZ]

AUD rates held same...AudUsd chart was pretty low already from all the selling for few weeks, a case of 'show-me-the-chart-and-i-tell-you-the-news'?

 

[edwardZ]

no stop loss ftw
long term trend follow
used to do scalping M5 charts now not so much

woah, no stop loss, that means you play smaller lots + alot of equity buffer?

my entries are at Trend reversals mainly to capture big pips, i seldom play break-retest or follow trend mode

i stopped scalping too dont have time to sustain it with my current work-life

 

[Campbellsoup]

Am a newb still in FX. I blew 2 accounts before... stopped for a long time before restating. In the break time between these I read a lot, followed low / high profile traders and see what makes or not makes a successful trader.

Am starting to see tiny bits of results... trading itself is a really long journey but it trains me mentally and emotionally. I’m still learning as I go... cannot let lose if not will be humbled by the market.

I do swing trades... vary a few days to max two weeks.

I actually feel quite refreshed doing this because it makes me look forward to Mondays

 

[Mr. Wood]

woah, no stop loss, that means you play smaller lots + alot of equity buffer?

my entries are at Trend reversals mainly to capture big pips, i seldom play break-retest or follow trend mode

i stopped scalping too dont have time to sustain it with my current work-life

no large equity. just dun over leverage.

 

[edwardZ]

Am a newb still in FX. I blew 2 accounts before... stopped for a long time before restating. In the break time between these I read a lot, followed low / high profile traders and see what makes or not makes a successful trader.

Am starting to see tiny bits of results... trading itself is a really long journey but it trains me mentally and emotionally. I’m still learning as I go... cannot let lose if not will be humbled by the market.

I do swing trades... vary a few days to max two weeks.

I actually feel quite refreshed doing this because it makes me look forward to Mondays

i think almost everyone blew accounts a few times before getting the hang of it and yup, trading is best form to train one's mental capacity, always thought i was a patient person until i went into trading

depending on trading strategy, i usually only look forward to wednesdays onwards, monday/tuesday are usually chart setting days and only good for scalping for me

 

[edwardZ]

no large equity. just dun over leverage.

my leverage x500 but usually margin + leverage no issue to me because my stop loss pretty small

recently i open plus500 broker account, want to try CFD on stocks

 

[edwardZ]

NZD pairs buang today due to rate decrease, probably catching alot of retail traders off-guard since they thought AUD never increase rates so maybe same with NZD

i went in Longs on EurJpy today, it reached untested 1hr/4hr support zone + making classic reversal W shape + 15m pin bar, hoping this will pump more today, might not hold too long and skip friday because of the US-China trade deal...causing xxx/JPY pairs to go havoc only

 

[IceCreamPoop]

NZD pairs buang today due to rate decrease, probably catching alot of retail traders off-caught since they thought AUD never increase rates so maybe same with NZD

i went in Longs on EurJpy today, it reached untested 1hr/4hr support zone + making classic reversal W shape + 15m pin bar, hoping this will pump more today, might not hold too long and skip friday because of the US-China trade deal...causing xxx/JPY pairs to go havoc only

Why us china will affect jpy :O

Isit cus within asia

 

[edwardZ]

Why us china will affect jpy :O

Isit cus within asia

the usual excuse is that jpy is safe haven...so any negative thing to this trade deal, money will pump jpy greatly (just like what happened on monday when Trump tweeted the tariff thingy, then market makers use this excuse to dump xxx/jpy pairs)

 

[Mr. Wood]

my leverage x500 but usually margin + leverage no issue to me because my stop loss pretty small

recently i open plus500 broker account, want to try CFD on stocks

cfd charges for holding overnight. good for shorting. not for holding long term.

 

[IceCreamPoop]

What are the chances that jpy will weaken during the us china talk

 

[edwardZ]

What are the chances that jpy will weaken during the us china talk

no one knows except big boys unfortunately, but just basing solely on technical charts for yen pairs, they are ripe for reversals and yen to weaken pretty soon. they did a classic london dump on pairs like EurJpy yesterday and today is friday, likely time for them to take back their money