Forex/Cryptocurrency General Chit Chat Thread

[havetheveryfun]

700 or 350 per head....assuming 10 person for 3 hrs = 3,500 / 3 hrs = 1167 per hr = approximately 100 pips profit on 1 standard lot UJ every 1 hr.

My humble opinion is the market always got opportunity. If no set-up then that mean can scalp. I would be more impressed if his first live trade for the course is a loss and then he slowly claw back during the session. That is assuming he really use live account and not demo account.

For 700, I humbly suggest you might as well organize a boot camp amongst us. I would be interested to see how uncle canberra and extremeways trade live.

instead of live trades, if u really want to learn from someone, u should ask him to log in to his live forex account on the spot, and ask him to show history of his trades, and explain the last 10-20 trades he took and why he took them, see whether they are overall winners, if they are losers, how he can explain it, etc.. see whether his trading style ,methodology and ideas resonate with u or not

 

[Mr.Canberra]

I would be interested to see how uncle canberra and extremeways trade live.

Please do not associate me with chua sai boy.

If lousy trader like me can make some money from Forex then the pros even needless to say. Pro traders can scalp any time of the day and have high hit rate. They make good money so do not need to resort selling snake oil.

 

[Takodoro]

EUR-USD at lower band of 1.22~1.24 again. USD seems really strong this time round. Any view?

 

[ExtremeWays]

EUR-USD at lower band of 1.22~1.24 again. USDJPY seems really strong this time round. Any view?

If you look at charts, USDJPY have been trading in bands.

I buy because if USD spikes outside the band, then people will get short squeezed and push it even higher.

 

[ExtremeWays]

Please do not associate me with chua sai boy.

If lousy trader like me can make some money from Forex then the pros even needless to say. Pro traders can scalp any time of the day and have high hit rate. They make good money so do not need to resort selling snake oil.

Yea I am chua sai. Losing money in USD, NZD and Keppel. Sibei lousy.

 

[Mr.Canberra]

EUR-USD at lower band of 1.22~1.24 again. USD seems really strong this time round. Any view?

Said so many times USD will make a comeback but so many chua sai hahaha.

EUR/USD 1.20 coming.

Said so many times already until some idiot say I am delusional.

USD cannot depreciate until no tomorrow as USD is the most liquid asset to own.

I posted so many calls here especially NO STOP LOSS strategy. And recently some random lurkers posted their success trades. I have also posted my own experiences that worked for me.

Uncle now jiak hong so only respond to non bs posts. Life is good. LOL.

 

[havetheveryfun]

Said so many times USD will make a comeback but so many chua sai hahaha.

EUR/USD 1.20 coming.

Said so many times already until some idiot say I am delusional.

USD cannot depreciate until no tomorrow as USD is the most liquid asset to own.

I posted so many calls here especially NO STOP LOSS strategy. And recently some random lurkers posted their success trades. I have also posted my own experiences that worked for me.

Uncle now jiak hong so only respond to non bs posts. Life is good. LOL.

those who bot usd/jpy at 104-105 huat laio la !!!!!!!!!!!!

 

[Takodoro]

OANDA MarketPulse
USD Back with a vengeance.
Mon Apr 23 20:07:53 2018
USD Back with a vengeance.

The USD has put on a compelling show overnight as the stars align on the back of higher US Yields and a considerable reduction in the US dollars geopolitical risk premium as an outwardly calmer mood surrounding trade and geopolitical risk takes hold.

While its a bit early for investors to pack in the consensus short dollar view, the weaker shorts are indeed getting pared as the USD is showing some vigour tracking US Bond yields higher. Without question, this Friday’s US GDP data will be crucial for an extension of the current dollar move as US economic strength in the face of synchronised economic slowdowns in both China and Europe are playing into the resurgent US dollar hand.

Also, the rising yields are negatively impacting equity sentiment as US markets extend their retreat. The Bond markets are now within a whisker of testing the critical technical and psychological 3% ten-year level. With higher oil prices in addition to tax reform bump factoring into he inflation calculus, rates could reprice higher to 3.25 %( 10 UST) driven by the prospects of higher inflation above-potential growth and a worsening supply-demand dynamic.

If 3 % is indeed a line in the sand for equity investors, we should expect increasing sector rotation out of equities into bond markets which should accelerate significantly on the 3% break.

Oil Markets

Oil prices rebounded from an early NY session skid as investors continue to focus on the main issues at hand, Iran sanctions amidst falling US crude inventories. Genscape showed a decline in Oil supply stocks at the Cushing, Oklahoma storage hub which overshadowed Friday’s increase in the Baker Hughes US crude oil drilling rig cont .

News broke early that Iran’s oil minister Bijan Zanganeh said there would be no need to extend a pact between the Organization of the Petroleum Exporting Countries and non-OPEC producers if oil prices strengthened, the ministry’s official website SHANA reported. The reports caused some interday long positions to buckle but the news was quickly digested as little more than wishful thinking, and institutional investors bid back with a vengeance taking Oil prices to 3-year highs.

Also, the apparent easing of Russia aluminium sanctions saw the metal fall over 10% in early NY headlines which triggered hard commodities to crumble across the board and dragged oil lower in the wake.

But the stay long oil narrative continues to echo in dealing rooms as traders are content to play the waiting game for probably oil sanctions against Iran, which could push oil prices up as much as $5- per barrel. Also, factor in last weeks Saudi jawboning targetting $80 or $ 100 per barrel it suggests prices will remain firm for the foreseeable future and should continue to gravitate higher.

Gold Markets

Gold prices cratered as rising US Bond Yields, and a firming US dollar took the shine off gold. But Gold markets are indeed at a bit of an inflexion point given that rising inflationary pressures driven by higher oil prices could lead to a global inflation spark which could be supportive for Gold prices. However, while traders try to figure out if this current USD dollar rally is ” Live or Memorex.” Gold investors will remain perched in a very precarious position awaiting clearer signals on the USD dollar front.
Currency Markets

Higher US yields have played a role in supporting the USD as surging oil prices make for a compelling inflationary storyline.

With both the BoE and BoC waxing dovish, the markets are betting that ECB will kick the policy can further down the road in an attempt to stall for more time stall for more time – the press conferences should be reasonably quite also.

There has been a reduction in the Trump USD dollar risk premium after Deputy Attorney General Rod Rosenstein told President Donald Trump last week that he is not a target of any part of Special Counsel Robert Mueller’s investigation or the probe into his long-time lawyer, Michael Cohen, according to several people familiar with the matter.

The improving geopolitical landscape in Korea and no further escalation in Syria has removed some geopolitical risk premia from the Dollar.

The Euro and Pound

The Euro and Pound are getting hammered due to an unwinding of consensus positioning. Similar to the BOE view softer EU economic data suggests the ECB will likely to kick the can down the road on the policy front, the Euro prints near 1.2200. But make no mistake we are some severe levels as this 1.2200-1.2150 level has held stable dating back to Mid Jan. But the current momentum indicates the markets could be poised to break lower

The Japanese Yen

Kuroda has stuck to his well worn dovish script overnight but this is old news, and the USDJPY continues to climb due to the US dollar bid while triggers some stops along the way above 108.30 level.

The Australian Dollar

The Australian dollar is getting hammered by the abrupt rise in US Treasury Yields. But there are other negative implications for the Aussie brewing on the back burner.

The recent downturn in global economic data is suggesting we are moving from a state of global synchronised growth to a synchronised slowdown.

There been increasing maker chatter about an economic slowdown in China which is being viewed USD positive on the surface as Chinese authorities may shift towards weaker yuan policy to buffer the negative growth( Q2 GDP) impact from deleveraging and trade wars with the US.

The Malaysian Ringgit

Local Bonds continued to sell off throughout yesterday session around weakening risk sentiment of the upcoming election and rising US Treasury yields. The Malaysian bond market look poised to continue declining ahead of the vote and even more so as US yields look poised to move even higher. Liquidy has been quite weak in both Bond and Currency markets suggesting that investors are taking to the sidelines

Despite the long-term supportive underlying structure from higher oil prices, the short-term election drivers and a broadly stronger USD will continue to put downward pressure on the MYR near term, and we could see a test of the critical 3.90 level.

 

[Takodoro]

China Shouldn't Tighten Monetary Policy Further -- Market Talk
Mon Apr 23 21:59:00 2018

0159 GMT - China must not tighten monetary policy further given increasing headwinds faced by the world's No. 2 economy, says the China Finance 40 Forum, a well-known Beijing-based think tank. Its report predicts GDP there will slow the next 2 quarters and says the government should pay attention to 3 risks: US/China trade frictions, global market volatility and softening domestic demand. The Politburo yesterday backed a boost to domestic demand and said proactive fiscal policy should be maintained, signaling that Beijing may roll out some supporting measures for economic growth. (grace.zhu@wsj.com)


(END) Dow Jones Newswires


April 23, 2018 21:59 ET (01:59 GMT)



Copyright (c) 2018 Dow Jones & Company, Inc.


Seems like China really scare of taking US head-on in a trade war.

 

[Mr. Wood]

OANDA MarketPulse
USD Back with a vengeance.
Mon Apr 23 20:07:53 2018
USD Back with a vengeance.

The USD has put on a compelling show overnight as the stars align on the back of higher US Yields and a considerable reduction in the US dollars geopolitical risk premium as an outwardly calmer mood surrounding trade and geopolitical risk takes hold.

low price begets high yield.
high yield and high interest rates will cause USD to rise.

#sorryallpricedinalready#

 

[Takodoro]

low price begets high yield.
high yield and high interest rates will cause USD to rise.

#sorryallpricedinalready#

Tonight got bill auction again. EUR-USD may finally break 1.20 convincingly. If not maybe a rebound again.

Either way, I sense volatility again.

Hope Trump make some noise again. He been quite quiet for the past 1~2 week.

Edit: EUR/GBP seems to be rallying. Not sure whether its a trap or not. Thursday ECB announcement again.

 

[ExtremeWays]

Tonight got bill auction again. EUR-USD may finally break 1.20 convincingly. If not maybe a rebound again.

Either way, I sense volatility again.

Hope Trump make some noise again. He been quite quiet for the past 1~2 week.

Edit: EUR/GBP seems to be rallying. Not sure whether its a trap or not. Thursday ECB announcement again.

E.g. 'USD is too strong. China is currency manipulator'

 

[ExtremeWays]

USD got feel man.....

 

[havetheveryfun]

Edit: EUR/GBP seems to be rallying. Not sure whether its a trap or not. Thursday ECB announcement again.

Those who are buying up EUR are anticipating a rate hike on Thurs

so if they don't hike on Thursday, it will drop back down..but if they hike, it may already be priced in.. so depends on which side u are on ..

 

[ExtremeWays]

Those who are buying up EUR are anticipating a rate hike on Thurs

so if they don't hike on Thursday, it will drop back down..but if they hike, it may already be priced in.. so depends on which side u are on ..

you take money b4 announcement

but there are always suckers.......

 

[Mr. Wood]

those who bot usd/jpy at 104-105 huat laio la !!!!!!!!!!!!

u/j 109.1

 

[Takodoro]

OANDA MarketPulse
Trump Says China Deal in the Works
Tue Apr 24 12:31:50 2018
U.S. President Donald Trump on Tuesday said the United States would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days.



China has said it would welcome a visit by U.S. Treasury Secretary Steven Mnuchin, who is seeking to resolve a tense trade dispute between the world’s two largest economies after Trump threatened to impose tariffs on Chinese imports.

“China’s very serious, and we’re very serious,” Trump told reporters, adding that Mnuchin would travel to China as part of a delegation requested by Beijing. “We’ve got a very good chance at making a deal.”

via Reuters



Trump is showing himself to be quite a business negotiator. China is still afraid of taking on US in a full-scale trade war.

 

[Takodoro]

OANDA MarketPulse
GBP/USD – British Pound Halts Slide as UK Surprises With Budget Surplus
Tue Apr 24 12:02:57 2018
The British pound has steadied in the Tuesday session, after recording five consecutive losing sessions. In North American trade, GBP/USD is trading at 1.3975, up 0.25% on the day. On the release front, the UK posted a budget surplus of GBP 0.3 billion in March, beating the estimate of GBP -1.1 billion. CBI Industrial Order Expectations, which has dropped sharply in recent months, held steady at 4 points. This matched the forecast. Over in the US, ** Consumer Confidence jumped to 128.7, beating the estimate of 126.0 points. US New Home Sales also looked sharp, jumping to 694 thousand and crushing the estimate of 625 thousand. This marked a 4-month high. However, manufacturing data was not as strong, as Richmond Manufacturing Index dropped 3 points, well off the estimate of a 16-point gain. This was the first contraction since October 2016.

The US dollar started the week with strong gains, courtesy of higher yields for 10-year US treasury bills, which rose to 2.996% on Monday. The T-bills punched past the symbolic 3% threshold on Tuesday. Higher yields for US-T bills have made them more attractive than European or Japanese counterparts and pushed the US currency higher. With oil pushing above $70 a barrel, there are concerns that inflation will rise, which has pushed bond prices lower and yields upwards. The dollar has also benefitted from a reduction in geopolitical risk, with an easing of tensions between North and South Korea, and a lull in the conflict in Syria.

Is the US-China trade war heading to a trade truce? The markets have been marked by volatility in recent weeks, in response to tariffs which the US and China have imposed on the other. US President Trump has threatened to slap tariffs on up to $150 billion on Chinese goods, and China has promised to respond with heavy tariffs on US imports. The escalating crisis has raised fears that a trade war between the two economic giants could slow down Chinese growth and trigger a global recession. However, US Treasury Secretary Steven Mnuchin sought to lower the rhetoric on the weekend, saying that he was considering a trip to China, adding he was “cautiously optimistic” that the two sides could resolve the trade dispute.


Any economics student? What is the co-relation between oil price and US bonds/bills?

 

[xUnknownzZz]

Finally see my usdjpy from negative to positive after 2 months!

 

[[M]aiev]

https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html?__source=facebook%7Ccrypto+