Forex/Cryptocurrency General Chit Chat Thread

Status
Not open for further replies.
Mr.Canberra

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,797
Reaction score
2,847
EUR/USD

EUR/USD bull trap sia! Traders doing long covering with mini Niagra Falls. :s22: :s13:

USD/JPY recovery is fast haha. :D
 
Last edited:
Mr.Canberra

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,797
Reaction score
2,847
awful999 said:
I think UJ cannot last :s13:, scalping short EU now with care
Click to expand...

Let us pray Abe's enemies one by one come out and expose him. :s13:

Hope the few hundred protestors become few hundred thousands. LOL!

Shorting EUR/USD at this level now is dangerous. Downside already maxed out before New York opening. If prata after New York opening you will get stucked.
 
Last edited:
Mr.Canberra

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,797
Reaction score
2,847
USD/SGD Outlook

According to my lousy TA and research I believe SGD is on a appreciation trajectory right up to GE around 2019/2020. The feel good factor is a recipe for success for MIW.

USD/SGD near term support level 1.30.

USD will continue to be toilet paper in near term. However my bullish call in mid term is unchanged. USD portion in my currency basket will be primarily utilise for Forex trading.

The time is right to liquidate a portion of my CNY in batches to SGD before Yusof Ishak paper gets too strong or PBOC drops bomb and devalue CNY. :s13:

For those holding excess CNY holdings for business can consider hedging now by holding SGD. The days of 1:5 may come again. Currently is 4.81X.
 
Last edited:
T

Takodoro

Senior Member
Joined
Jun 17, 2008
Messages
2,112
Reaction score
3
A lot of confusion and volatility out there.

I think as long as your open position is between current price and 200EMA, you should be safe.
 
T

Takodoro

Senior Member
Joined
Jun 17, 2008
Messages
2,112
Reaction score
3
Wake up and see USD recover. All my position got unstuck except uj short which I just close off....this wiped 600 off my realised PL though no impact on nav.

As of point of writing, nav 3850, realised PL 1164, total finance charge 54....not bad for 2 months punting started during cny.....
 
Mr.Canberra

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,797
Reaction score
2,847
Takodoro said:
Wake up and see USD recover. All my position got unstuck except uj short which I just close off....this wiped 600 off my realised PL though no impact on nav.

As of point of writing, nav 3850, realised PL 1164, total finance charge 54....not bad for 2 months punting started during cny.....
Click to expand...

Yesterday USD/CHF shoot up a lot. My stucked long position closed with US$240 profit. Reason why I always say before must go jiak hong more so will not close position too early! :s13:
 
Last edited:
T

Takodoro

Senior Member
Joined
Jun 17, 2008
Messages
2,112
Reaction score
3
Mr.Canberra said:
According to my lousy TA and research I believe SGD is on a appreciation trajectory right up to GE around 2019/2020. The feel good factor is a recipe for success for MIW.

USD/SGD near term support level 1.30.

USD will continue to be toilet paper in near term. However my bullish call in mid term is unchanged. USD portion in my currency basket will be primarily utilise for Forex trading.

The time is right to liquidate a portion of my CNY in batches to SGD before Yusof Ishak paper gets too strong or PBOC drops bomb and devalue CNY. :s13:

For those holding excess CNY holdings for business can consider hedging now by holding SGD. The days of 1:5 may come again. Currently is 4.81X.
Click to expand...

0438 GMT - The type of investors buying newly issued offshore Chinese debt is sending a worrying signal. For Shougang's $500 million of notes that mature in less than a year, 63% went to private banks and 17% to fund managers, says Owen Gallimore at ANZ. When the company sold 5-year dollar debt in September, fund managers grabbed 57% versus 10% by private banks. "Now they're having to go to private banks in Singapore just get the deals done." That's a problem, says Gallimore, since the growth of China's dollar-bond market means it can no longer be supported by private banks on their own. (saumya.vaishampayan@wsj.com; @saumvaish)
 
Mr.Canberra

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,797
Reaction score
2,847
Takodoro said:
0438 GMT - The type of investors buying newly issued offshore Chinese debt is sending a worrying signal. For Shougang's $500 million of notes that mature in less than a year, 63% went to private banks and 17% to fund managers, says Owen Gallimore at ANZ. When the company sold 5-year dollar debt in September, fund managers grabbed 57% versus 10% by private banks. "Now they're having to go to private banks in Singapore just get the deals done." That's a problem, says Gallimore, since the growth of China's dollar-bond market means it can no longer be supported by private banks on their own. (saumya.vaishampayan@wsj.com; @saumvaish)
Click to expand...

Good article. USD and SGD has low borrowing costs.

If you are a big company with good credibility banks will be very supportive to lend. Just like how our ROI is so much better than passive stock investors because our Forex contracts are levered up. No doubt we take higher risks too. 1:33 or 1:500. Take your pick. :s13:

In business and investment it is all about leveraging.

Most Singaporeans are leveraging too in the form of CPF or bank loan for property. The difference is we can control the quantum and increase/decrease exposure at our discretion and very liquid.
 
Last edited:
Mr. Wood

Mr. Wood

Banned
Joined
Oct 4, 2013
Messages
26,961
Reaction score
5,127
Mr.Canberra said:
I am lousy trader so unable to comment. You must consult with those every day got time to post screenshots to hao lian. :s13:
Click to expand...

likedis? :s22:
n0tycLm.jpg

iamalsoelitetrader:s13:
 
Status
Not open for further replies.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top