Forex/Cryptocurrency General Chit Chat Thread

[Mr.Canberra]

Uncle Trump/Little Rocketman Summit

Donald J. Trump @realDonaldTrump
30 minutes ago

The highly anticipated meeting between Kim Jong Un and myself will take place in Singapore on June 12th. We will both try to make it a very special moment for World Peace!

It is confirmed! 12th June 2018!

Once in a lifetime event! Try to por lanpa on his Twitter and see if Uncle Trump will give you VVVIP pass. Hahaha. He has this habit of inviting common people to attend his rallies/speeches.

 

[Mr. Wood]

Wow huge reaction after data release. USD pare gains.

but got some sexpert say all price in alrdy leh.

 

[Mr. Wood]

Singapore is famous now

how dare u say spore not famous. go say sorry.
alrdy famous for humji fight sibling, 38or, 1st indian turn malay president.
ok?

 

[Takodoro]

how dare u say spore not famous. go say sorry.
alrdy famous for humji fight sibling, 38or, 1st indian turn malay president.
ok?

I think there are more people who never heard of Singapore than people who had heard of Singapore, whether it is worldwide or in US/North Korea.

I believe there are more people who had heard of Malaysia than Singapore.

I am a 100% typical sinkie with sinkie parents. But I think we are really frog in the well.

 

[Takodoro]

AUSSIE: Takes another leg lower to $0.7454 after S&P said the long-term Australian sovereign outlooks remains negative. The underlying tone remains heavy with demand seen on approach to $0.7450.

Ever since I started punting from Chinese New year free time this year, i had been seeing non-stop news on Australia weak housing price. Australia central bank is really walking on a tight rope. Definitely a lot of volatility in AUD/USD.

Any key level?

 

[Mr.Canberra]

AUSSIE TECHS: $0.7648 Next Topside Hurdle

AUSSIE TECHS: $0.7648 Next Topside Hurdle

*RES 4: $0.7690 - 55-DMA
*RES 3: $0.7648 - Hourly resistance Apr 23
*RES 2: $0.7590 - Hourly resistance Apr 25
*RES 1: $0.7560 - High May 4
*PRICE: $0.7536 @ 0430GMT
*SUP 1: $0.7490 - Alternating daily support/resistance
*SUP 2: $0.7472 - High May 9 now support
*SUP 3: $0.7436 - Hourly support May 9
*SUP 4: $0.7410 - 2018 Low May 9

*COMMENTARY: The previously noted lack of follow through on 2018 lows has been followed up with an aggressive rally and close above $0.7490 that buys breathing room. A close above $0.7648 is now needed to shift initial focus to $0.7690-0.7735 where the 55-DMA is located. Bears now need a close below $0.7472 to confirm a false break and return immediate focus to 2018 lows and then $0.7326 June lows beneath.

 

[Mr.Canberra]

London Session

London traders lip lai liao!

 

[Mr.Canberra]

FOREX: ANZ recommend buying AUD/SGD at 1.0037 with...

FOREX: ANZ recommend buying AUD/SGD at 1.0037 with a stop at 0.9940 and an initial target at 1.04.

- They add, while we remain bearish on the outlook for the AUD on a medium term basis, the recent decline has been too fast.

- The AUD has significantly underperformed relative to other global cyclicals and our tactical models are suggesting it is oversold.

 

[Mr.Canberra]

Second consecutive trading day to eat grass. Hope it does not turn out to be the third for today.

AUD very bullish today.

 

[awful999]

Second consecutive trading day to eat grass. Hope it does not turn out to be the third for today.

AUD very bullish today.

ya AUD bullish good for me currently, now is thinking to hold till next week or close the position


NZD look bullish too but already got position in EJ and AU, so dont want to open new position now

 

[Mr.Canberra]

AUD/USD

ya AUD bullish good for me currently, now is thinking to hold till next week or close the position

NZD look bullish too but already got position in EJ and AU, so dont want to open new position now

My AUD/USD long stucked since 30/04/2018 so will close it for some KFC profits and continue scalping.

Recently I did some analysis on my trading habits over the past 2 years. My ROI tends to be higher when I scalp 5-20 pips with standard lot. If get stucked do not add any more positions. Max 1.0 lot. NO STOP LOSS and patiently let it recover.

Usually when some currency pairs get stucked. Other currency pairs tend to recover and close with profits. So take turns to scalp depending on which currency pair is on form.

Currently have 9 currency pair positions open with a total of US$610,000 worth of contracts.

 

[awful999]

My AUD/USD long stucked since 30/04/2018 so will close it for some KFC profits and continue scalping.

Recently I did some analysis on my trading habits over the past 2 years. My ROI tends to be higher when I scalp 5-20 pips with standard lot. If get stucked do not add any more positions. Max 1.0 lot. NO STOP LOSS and patiently let it recover.

Usually when some currency pairs get stucked. Other currency pairs tend to recover and close with profits. So take turns to scalp depending on which currency pair is on form.

nowadays I trade more on index futures and US stock, Forex lesser already

 

[Mr.Canberra]

nowadays I trade more on index futures and US stock, Forex lesser already

No wonder you post less here.

I only can trade Forex because my NO STOP LOSS strategy does not work with other asset classes.

Let's say I am a farmer and I am very well versed in the type of grains used and observations in weather behaviour. Year after year have bountiful harvest. But if you ask me to become a chicken rice seller I may fail miserably because it is not my specialised skill set.

 

[awful999]

No wonder you post less here.

I only can trade Forex because my NO STOP LOSS strategy does not work with other asset classes.

Let's say I am a farmer and I am very well versed in the type of grains used and observations in weather behaviour. Year after year have bountiful harvest. But if you ask me to become a chicken rice seller I may fail miserably because it is not my specialised skill set.

not much time in front of PC to do scalping, that why lesser forex, only for some position trade, so concentrate more on index futures and US stock , just set entry,SL and TP, let it roll

 

[Mr.Canberra]

Forex

not much time in front of PC to do scalping, that why lesser forex, only for some position trade, so concentrate more on index futures and US stock , just set entry,SL and TP, let it roll

Forex is more suitable for short term trades as very sensitive to economic data/news and geopolitical issues.

When I am not at my trading desk I will just set take profit stop between 10-20 pips and check every hour or so on my smartphone.

 

[Mr.Canberra]

AUD/USD

AUD/USD moving up again as we approach New York opening. Breaking even soon.

 

[awful999]

AUD/USD moving up again as we approach New York opening. Breaking even soon.

good good

 

[havetheveryfun]

Forex is more suitable for short term trades as very sensitive to economic data/news and geopolitical issues.

When I am not at my trading desk I will just set take profit stop between 10-20 pips and check every hour or so on my smartphone.

forex also good for long term trades ma.. especially with no stop loss strategy... can earn swap at the same time ...

e.g. if long 1 lot of USD/JPY at 104-105 last month and hold for one month until now also already

 

[Mr.Canberra]

forex also good for long term trades ma.. especially with no stop loss strategy... can earn swap at the same time ...

e.g. if long 1 lot of USD/JPY at 104-105 last month and hold for one month until now also already

Swap gains are peanuts if compared to capital gains.

USD/JPY long swap interest is peanuts lah even if hold for one month. If position is in the black and hold long term, when fibonacci retracement happens you will go back into the red. Always have trailing stop to take in profit if you want to hold longer term.

I only hold long term for stucked positions only.

Anyway no right and wrong if your strategy works for you.

 

[Mr.Canberra]

AUD/USD

good good

Seems that AUD/USD trying to break the intraday high again hahaha.

Just now did not close position with US$5 cai png profit.