Forex Cryptocurrency General Chit Chat Thread 2019

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edwardZ

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nothing fits my trading conditions :s22: only looking at EU GU Ucad to head up for re-shorts

everything else is just dumping and dumping :( and yet to start any reversal mode
 
Mr.Canberra

Mr.Canberra

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SGD/CNY

Mr.Canberra said:
I don't think RMB will be devalued too drastically unless really critical such as full scale war.

My CNY holdings currently down -0.96% excluding past gains. Returns of about 4% p.a. will defray a bit of forex losses.

Total Return
(-S$1,491.50) -0.96%
Click to expand...

Looks like the depreciation came quick and fast this time. :s13:

Today SGD/CNY holdings down another -1.03% to -1.99%. :eek: :s13:
 
awful999

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market correction, luckily still got gold and Btc save my days :s22:
 
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edwardZ

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Trader11 said:
Euro is abit on steroids today......
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ya finally doing reversal, now the question is, where will it retrace to? i see stop loss orders gao gao all the way up to 1.13 but i dont think we will get there, maybe halfway
 
Trader11

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edwardZ said:
ya finally doing reversal, now the question is, where will it retrace to? i see stop loss orders gao gao all the way up to 1.13 but i dont think we will get there, maybe halfway
Click to expand...

Look at other eur pairs. They are making 100+ pips moves. Eurusd sucks imo.... Too manipulated by big boys
 
Mr.Canberra

Mr.Canberra

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Trade War

Mr.Canberra said:
Uncle Trump hinting Forex war. Go Trump go! :s13:

Forex war or not be informed of big moves coming soon this week. All the stop loss orders will be taken out! :s13:

1) Stay out of the market for the next 2 weeks.
or
2) NO STOP LOSS.

1 year of trade war with China more or less priced in and reflected in current markets. The next move is whether Trump will implement more trade tariffs on China especially with more firepower from Fed rate cut of 25-50 basis points on 31/07/19.

The potential extra trade tariffs has not being priced in so don't say Mr.Canberra never give good tips hahaha. :D
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Time to follow act blur hao lian trader to quote ownself praise ownself. :s13:

The above is what I posted on 29/07/19. When it comes to geopolitics analysis Mr.Canberra usually quite accurate. :s13:

Since the rate hike on 31/07/19 I purposely don't trade EUR/USD. Most importantly kena margin call 3 trading days in a row so now humji haha.

Shorting EUR/USD from below 1.10 is unwise. It should move up 100-200 pips this week or range again between 1.111 - 1.118. So far intraday high for today is 1.1185.

Best is not to trade this week. Let the gunpowder smoke settle a bit first. I expect more shocking news and geopolitical development in the coming weeks. CNY may be down but the red walkers thug regime is well hedged with gold reserves. They have already stocked up ammo for global domination very long time ago. :s13:

Don't say Mr.Canberra never give free tips hahaha. :D

Indicators:
1) HSI
2) No. of HK police stations seiged! LOL!
3) 10-Year Bond Yield
4) Trump's Twitter
5) Red walkers fake news propaganda
 
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edwardZ

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Trader11 said:
The real action is in other euro pairs...
Click to expand...

ya its true but i usually only trade usd and jpy pairs as i can have a bird's eye view on their orderbooks and sentiment analysis, has proven to be my best way of trading so far :s13:

sometimes i do trade the non-usd non-jpy pairs but lazy to engage in fractional disparity to find optimal entries haha
 
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edwardZ

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Aussie and Kiwi...lets go! negative rates soon! :s12:

waiting for Trump tweet to say "SEE, why is NZ cutting 50 bps while our Fed not doing anything!"
 
awful999

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oil crash causing stock market down but gold continues up btc cross 12k again !! lolx both gold and BTC great saver again
 
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