Forex/Cryptocurrency General Chit Chat Thread

[awful999]

USD/JPY tested the 110.0 handle yet again (third or fourth time) in recent weeks.

This is a clear indicator the USD long contracts are piling up.

your Eur wind come liao

 

[Mr.Canberra]

your Eur wind come liao

Also USD/JPY spiked!

The wind come from no where sia hahaha!

USD longs and US 10 Year Treasury yields really piling up!

My USD shorts under stress now. I have more USD shorts than longs haha.

 

[ExtremeWays]

Also USD/JPY spiked!

The wind come from no where sia hahaha!

USD longs and US 10 Year Treasury yields really piling up!

My USD shorts under stress now. I have more USD shorts than longs haha.

UJ spiked through 110

 

[Mr.Canberra]

EUR/USD

EUR/USD wind quite hiong. Moved down 100 pips today.

 

[xUnknownzZz]

Yesterday was definitely a good day, finally not eating grass for few days

 

[Mr.Canberra]

Forex Outlook

This week confirm USD long contracts are piling in as USD/JPY hits higher highs and EUR/USD hits lower lows for the year.

Also EM currencies are feeling the brunt as investors pile in on cash by selling US Treasury bonds. US 10 Year Treasury bonds well supported at 3.0X% level. This is a very good indicator of USD bullishness.

I believe market is pricing in for the final round for June's Fed rate hike. FOMC Minutes (May) on 24/05/2018 2:00am SGT will reveal more clues.

The implosion is coming soon if Fed hike rates at a faster pace. Many cracks are forming as developing countries are trying to catch a breath.

 

[Mr.Canberra]

Watch out for USD to spike as we approach European open. Volume is picking up.

Will trigger your stop loss if your stop loss is too tight.

 

[ExtremeWays]

Watch out for USD to spike as we approach European open. Volume is picking up.

Will trigger your stop loss if your stop loss is too tight.

Shooting downwards leh....

 

[Takodoro]

This week confirm USD long contracts are piling in as USD/JPY hits higher highs and EUR/USD hits lower lows for the year.

Also EM currencies are feeling the brunt as investors pile in on cash by selling US Treasury bonds. US 10 Year Treasury bonds well supported at 3.0X% level. This is a very good indicator of USD bullishness.

I believe market is pricing in for the final round for June's Fed rate hike. FOMC Minutes (May) on 24/05/2018 2:00am SGT will reveal more clues.

The implosion is coming soon if Fed hike rates at a faster pace. Many cracks are forming as developing countries are trying to catch a breath.

Actually what is the relation between high yield and strong USD?

I thought yield is inverse relation to bond price? --> High yield = low bond price = less demand for bond = less demand for USD???

 

[Mr.Canberra]

EUR/USD

Broke the 5 day dry spell. Finally scalp US$65.60 KFC profit.

 

[Mr.Canberra]

US Treasury Bond

Actually what is the relation between high yield and strong USD?

I thought yield is inverse relation to bond price? --> High yield = low bond price = less demand for bond = less demand for USD???

US Treasury buying (Yields go down) = USD price down

US Treasury selling (Yields go up) = USD price up

There are many factors that decide USD strength. Sometimes correlation can break down.

USD Vs. Oil
USD Vs. Gold
USD Vs. US Treasury Bond
USD Vs. Fed Funds Rate
USD Vs. US Stock Markets
USD Vs. Options Expiry

Punt Forex is not easy. Harder than stock pickings because the prataing is split second and day to day circumstances can change.

I suggest you study the above mentioned factors so you can better understand how the Forex market moves.

 

[Mr.Canberra]

EUR/USD

US$170.60 Din Tai Fung profit.

 

[Mr.Canberra]

EUR/USD

Huat ahhh!

US$315.60 Din Tai Fung profit.

 

[Mr.Canberra]

USD Outlook

Fed QE unwinding is like running Norton Utilities on your PC in the background. Stealthily!

Even without raising interest rates the USD will continue to strengthen. This effect is starting to show up on all asset classes with volatility hahaha.

Now you guys know why in late Q4 2017 I dare to pronounce loud loud the USD lao sai will pause at some point and correct.

USD rally will probably end in Q2 2018 and hit a pause, go sideways or come under pressure. At the end of Q4 2018 many loan defaults will surface once Fed funds rate reaches 2% and above. Technical recession late 2019 or early 2020.

 

[ExtremeWays]

Fed QE unwinding is like running Norton Utilities on your PC in the background. Stealthily!

Even without raising interest rates the USD will continue to strengthen. This effect is starting to show up on all asset classes with volatility hahaha.

Now you guys know why in late Q4 2017 I dare to pronounce loud loud the USD lao sai will pause at some point and correct.

USD rally will probably end in Q2 2018 and hit a pause, go sideways or come under pressure. At the end of Q4 2018 many loan defaults will surface once Fed funds rate reaches 2% and above. Technical recession late 2019 or early 2020.

Love this kind of Uncle168 analysis

 

[Mr.Canberra]

EUR/USD

Short hor yi si!

US$171.00 Din Tai Fung profit.

 

[Mr.Canberra]

USD/JPY

USD/JPY high probability to break 111.0 this week.

My stucked US$40,000 long position running for 1.4 years at 110.769 after DCA plus swap gained breaking even soon. Positions opened 04/01/2017, 27/11/2017, 24/01/2018, 13/02/2018.

NO STOP LOSS strategy works again. Only a matter of patience.

Number 1 rule in Forex trading is to learn how to preserve capital before thinking of making profits. Once you understand this concept the money will roll in naturally like Norton Utilities running in the background of your PC.

 

[havetheveryfun]

Number 1 rule in Forex trading is to learn how to preserve capital before thinking of making profits. Once you understand this concept the money will roll in naturally like Norton Utilities running in the background of your PC.

how to preserve capital then ? any tips ?

 

[ExtremeWays]

USD/JPY high probability to break 111.0 this week.

My stucked US$40,000 long position running for 1.4 years at 110.769 after DCA plus swap gained breaking even soon. Positions opened 04/01/2017, 27/11/2017, 24/01/2018, 13/02/2018.

NO STOP LOSS strategy works again. Only a matter of patience.

Number 1 rule in Forex trading is to learn how to preserve capital before thinking of making profits. Once you understand this concept the money will roll in naturally like Norton Utilities running in the background of your PC.

Same here. I did no stop loss experiment with UJ and KJ (KIWIJPY). Fearless!!!

 

[Mr.Canberra]

how to preserve capital then? any tips?

NO STOP LOSS strategy but not suitable for every one.

Stop losses is the major reason people lose money in Forex trading.

Instituitions must practice stop loss due to mandate. However their stop loss buffer can very be wide. 1000 pips or more.

Usually my position seldom will exceed -1000 pips because by this wide swing the big boys will humji at some point and make a return trip to take profit.

In summary you must have 100% faith in NO STOP LOSS strategy then only you can make money from this rigged market.