Forex/Cryptocurrency General Chit Chat Thread

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Takodoro

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Mr.Canberra said:
I have mentioned this many times before.

Non leveraged foreign currencies parked in trading account. Equity balance in SGD terms will fluctuate depending on the daily exchange rate. So in my account I have CAD, CHF, JPY, SGD, USD in different portions.

Value of certain currencies down, other currencies will make up the short fall. Other than me I do not see any one here practicing this. :s13:

Another smaller trading account 100% USD as base currency. Currently 17.72% ROI in 2 months.

My small humble tip to newbies is before you want to profit from Forex. Please learn how to protect your purchasing power parity (PPP) first. This tool is even more important than trading because trading is not 100% win unless your heart is very strong and play NO STOP LOSS like me hahaha. :D
Click to expand...

Trading account? You referring to shares held using IB broker?
 
Mr.Canberra

Mr.Canberra

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Takodoro said:
Trading account? You referring to shares held using IB broker?
Click to expand...

Cash in Forex trading account.

I do not hold any other assets except cash because I want quick liquidity if the need arises such as investments, big ticket purchases, business deals, travelling expenditure, etc.
 
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Mr.Canberra

Mr.Canberra

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Mr.Canberra Forex Trading Performance 2018

____________________________________________________________
PROFIT & LOSS (REALISED) 2018

30/06/16 - 30/06/17: S$4003.67 [2016 ROI 27.61%]
31/07/17: S$1264.09 [Jul ROI 8.42%]
31/08/17: S$5806.60 [Aug ROI 35.69%]
30/09/17: S$4157.42 [Sep ROI 15.94%]
31/10/17: S$1944.68 [Oct ROI 5.85%]
30/11/17: -S$1843.27 [Nov ROI -5.24%] <-Drunk trading. One off folly.
29/12/17: S$1299.92 [Dec ROI 3.90%]
31/01/18: S$1565.13 [Jan ROI 4.52%]
28/02/18: S$1706.80 [Feb ROI 4.72%]

~0 trading days till date for month of Mar 2018.

LIFETIME PERFORMANCE SINCE JUN 2016 (20 MONTHS)
110.58%

STRATEGY: CARRY TRADE/NO STOP LOSS
____________________________________________________________
 
Mr.Canberra

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U.S. Steel, Aluminium Tariff

US stocks sell off. USD prata up and down. :vijayadmin:

What a night uncle Trump has caused! :s13:
 
rider83

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Mr.Canberra said:
All stock markets cui! :eek:
Click to expand...

Dunno if we are heading towards 1997/8 era when before that, asia had good growth, property developers pushing up prices through en bloc, the whole sentiment was good. Then US started to increase interest rates, property developers had no more money to buy land, demand vanished. Foreign investors started to pull out money to park somewhere safe.

Asia financial crisis began....
 
Mr.Canberra

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rider83 said:
Dunno if we are heading towards 1997/8 era when before that, asia had good growth, property developers pushing up prices through en bloc, the whole sentiment was good. Then US started to increase interest rates, property developers had no more money to buy land, demand vanished. Foreign investors started to pull out money to park somewhere safe.

Asia financial crisis began....
Click to expand...

Economic cycles have peaks and troughs. We must look very long term when it comes to investments. When I run out of ideas I will go back to basics. I read history. Throughout history man always fight for land and resources.

Putting your money into hard assets (real estate/railway/transport) and commodities (food/water/precious metals) confirm wwjbh. 100 years from now all these items will still be in demand. :s13:

The massive build up of asset inflation caused by the QEs of BOJ, ECB, FED will implode some day. Some how or some way some people are going to lose money! Central banks are urgently hiking interest rates so there is a room to cut rates when recession hits. We are almost there liao in historical precedence.
 
Mr.Canberra

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DOLLAR-YEN: MNI ORDER BOARDS

DOLLAR-YEN: MNI ORDER BOARDS

*Y107.78 Feb22 high
*Y107.68 Feb27 high
*Y107.53 Feb28 high
*Y107.42 Falling rsst line Jan8
*Y107.20/22 Mar1 high/76.4% Y107.68-105.71 (Y107.25 expiry $1.73bn)
*Y106.70/90 Hourly resistance
*Y106.46 38.2% Y107.68-105.71
*Y106.29 Intraday high Asia
*Y105.84 ***CURRENT MARKET PRICE 0734GMT FRIDAY***
*Y105.78 1.0% envelope 10-dma
*Y105.71 Intraday low Asia into Europe
*Y105.55 2018 low - Feb16, Oct3'16 high (breakout area)
*Y105.50 Strong demand?/Stops
*Y105.00 Expected demand
*Y104.71 2.0% envelope 10-dma
 
awful999

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Mr.Canberra said:
DOLLAR-YEN: MNI ORDER BOARDS

*Y107.78 Feb22 high
*Y107.68 Feb27 high
*Y107.53 Feb28 high
*Y107.42 Falling rsst line Jan8
*Y107.20/22 Mar1 high/76.4% Y107.68-105.71 (Y107.25 expiry $1.73bn)
*Y106.70/90 Hourly resistance
*Y106.46 38.2% Y107.68-105.71
*Y106.29 Intraday high Asia
*Y105.84 ***CURRENT MARKET PRICE 0734GMT FRIDAY***
*Y105.78 1.0% envelope 10-dma
*Y105.71 Intraday low Asia into Europe
*Y105.55 2018 low - Feb16, Oct3'16 high (breakout area)
*Y105.50 Strong demand?/Stops
*Y105.00 Expected demand
*Y104.71 2.0% envelope 10-dma
Click to expand...

UJ last defense at 105.6x currently, once break, really cui liao :s13::s22:
 
Mr.Canberra

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USD/JPY

Mr.Canberra said:
DOLLAR-YEN: MNI ORDER BOARDS

*Y107.78 Feb22 high
*Y107.68 Feb27 high
*Y107.53 Feb28 high
*Y107.42 Falling rsst line Jan8
*Y107.20/22 Mar1 high/76.4% Y107.68-105.71 (Y107.25 expiry $1.73bn)
*Y106.70/90 Hourly resistance
*Y106.46 38.2% Y107.68-105.71
*Y106.29 Intraday high Asia
*Y105.84 ***CURRENT MARKET PRICE 0734GMT FRIDAY***
*Y105.78 1.0% envelope 10-dma
*Y105.71 Intraday low Asia into Europe
*Y105.55 2018 low - Feb16, Oct3'16 high (breakout area)
*Y105.50 Strong demand?/Stops
*Y105.00 Expected demand
*Y104.71 2.0% envelope 10-dma
Click to expand...

From past experience reading MNI's order boards it is 90% zhun. I feel 105.0 is a done deal for today.

Below this level tiagong 'invisible hand' will start to show hand. :vijayadmin:

PS: Some traders pay good money for MNI trading news feed. But the best is Bloomberg Terminal. Annual subscription fee is USD 5 figures.
 
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