Forex Cryptocurrency General Chit Chat Thread 2019

[IceCreamPoop]

imo, finance/economic courses dont really help much in actual trading...but if you are a fundamental-nazi, then having the basics101 of economics and finance is useful to some extent and may help in your trading

i studied basic economics and finance before as my 2nd major back in uni...cant really map much back to trading, or maybe i just stupid ...but useful to understand like how bonds work, futures & options concepts etc

not sure about Trading courses, do any schools teach it? but even if have, they probably teach retail traders way of trading which is a big no no. the only true trading course should come from ex-market makers retirees

Waa sien, then if i wanna learn more how? Any other resources other than library books

 

[IceCreamPoop]

get ready for possible monday dumptown on xxx/jpy and eur/xxx again!

Got chance of a crash wor according to investing.com article of composite leading indicator, whatever that means

 

[Mr. Wood]

Waa sien, then if i wanna learn more how? Any other resources other than library books

ask your broker for resources. and trading tips.
forget abt trading courses.

if yr broker refuse to help u, write in cust service request change broker. or threaten to close accnt.
search for another service provider. open accnt easy only need $500.

 

[Mr. Wood]

Wearing NTUC plastic bags as underwear for one year liao! Easier for chua sai disposal lah.

Big boys manipulation sibei gao lat. For one year USD is one directional and no signs of flipping.

Positive swap positions I have no problem keeping it open but negative swap postions are really killer! Keep on adding ammo but that is really unwise long term wise.

Act blur and hao lian traders you can laugh at my misery all you want.

NSL master

 

[Mr.Canberra]

NSL master

Account exploding!

Hope on Monday opening AUD pairs gap up since Australia elections are over.

 

[Trader11]

Account exploding!

Hope on Monday opening AUD pairs gap up since Australia elections are over.

What positions do you hold now? Very long never see your reports.

 

[Mr. Wood]

Account exploding!

Hope on Monday opening AUD pairs gap up since Australia elections are over.

next week has EU election.
The Observer view on the European elections
Observer editorial

 

[Trader11]

next week has EU election.
The Observer view on the European elections
Observer editorial

Gbp volatility coming next week

 

[edwardZ]

tomorrow's gaps might be interesting to see

 

[Mr. Wood]

Tue May 21
7:00am USD Fed Chair Powell due to deliver a speech titled "Assessing Risks to our Financial System" at the Financial Markets Conference, in Florida.
9:30am AUD Monetary Policy Meeting Minutes
4:30pm GBP Inflation Report Hearings

Wed May 22
6:45am NZD Retail Sales q/q
10:15am AUD RBA Gov Lowe due to speak about the economic outlook and monetary policy at the Economic Society of Australia Business Lunch, in Brisbane
4:30pm GBP CPI y/y
8:30pm CAD Core Retail Sales m/m

Thu May 23
2:00am USD FOMC Meeting Minutes
3:15pm EUR French Flash Services PMI
3:30pm EUR German Flash Manufacturing PMI
EUR German Flash Services PMI


Fri May 24
4:30pm GBP Retail Sales m/m
8:30pm USD Core Durable Goods Orders m/m

 

[iantao99]

China is the biggest holder of US Treasuries at $1.13 trillion?
https://www.bloomberg.com/news/articles/2019-04-15/china-s-holdings-of-u-s-treasuries-increase-for-a-third-month

Anything China can do with this holding as an response / retaliation to the US-China trade war?
What would be the consequence if china dump US treasuries?

 

[SaltyKKJ]

you will see S&P run up instead if china were to sell the bonds. it will push yields lower which means cheaper borrowing.

 

[SaltyKKJ]

the gap up in audusd looks like a short to me. i think bb will push down to 0.68

we are looking at a 150 pip move in 2days.

 

[Mr.Canberra]

AUD

Hope on Monday opening AUD pairs gap up since Australia elections are over.

Wow AUD pairs really gapped up upon opening at 5:00am!

London traders lip lai liao! See what tricks they up to today!

 

[Mr. Wood]

Wow AUD pairs really gapped up upon opening at 5:00am!

London traders lip lai liao! See what tricks they up to today!

tax cuts = more spending = stronger economy
Scotty make Aussies great again!

 

[edwardZ]

the gap up in audusd looks like a short to me. i think bb will push down to 0.68

we are looking at a 150 pip move in 2days.

i'm currently watching 0.694 as a potential area to place shorts, lets see what price and market makers say

 

[SaltyKKJ]

Maybe can see 0.685 for aud today

 

[edwardZ]

xxx/jpy looks to be on long-term reversal on the charts

 

[Trader11]

xxx/jpy looks to be on long-term reversal on the charts

Look pump and dump leh....bull trap

 

[edwardZ]

Look pump and dump leh....bull trap

not sure about that yet, it did gain support level strongly on 4hr at least but not yet above daily level

i was in and out 60pips EurJpy before it pumped for another 30-40pips
GbpJpy went for 200pips!

most xxx/jpy looking like they just did retracement back down and ready for 3rd pump up...if it fails at the most recent local highs and form M reversal pattern then i might go for shorts