Forex/Cryptocurrency General Chit Chat Thread

[Trader11]

<Sharing>
This journey was difficult and accounts are blowup a few times trying all kinds of systems and attending Forex seminar and spending thousand of hours figuring out things. Most of people who are not determined to do this would have given up. 1% of Forex trader make profit. The rest are in losses or breakeven nia.....

I work on my system and adjust it every day. Even weekends and holidays nonstop..... You must work extremely hard on this if you want to stand any chance at all. People thinks you can make quick buck out of Forex are delusional

 

[Knight_Rider]

I work on my system and adjust it every day. Even weekends and holidays nonstop..... You must work extremely hard on this if you want to stand any chance at all. People thinks you can make quick buck out of Forex are delusional

You need to learn from a trader and not some course. You tweak market also tweak. Learn one or two simple strategies that work and tweak from there. They will hold your hand for 2 years or so and you can go solo from there. You would want to know how they become a top trader and not some textbook theory. Sometimes they throw in options trading too.

P/S Don't look for me I am not a snake oil salesman.

 

[Knight_Rider]

Question......
How supposedly you sources these Top-Trader ah?
And pursuing them to teach, guide you for free / with a fees?


Mmmmm, I only able thinking of two scenarios.

Unless you having such outstanding families professional trading members, there's hope for you. Else, relatives? Maybe they will guide you along as well.

Best Friends? Buddy? Mmmmm....In FCS many years of experiences in Financial Trading Industries, probability of these so-called yours "Best Friends" guiding you, impart knowledges to you ( newbies)? My opinions? less than 30% loh.

Or,

Like FCS, managed secured some "Mentorships" in those US-IB Institutions.
During my learning stages in many years back.

If individuals unfortunately don't posses the above two critical?
Your "Brains & Personality Characters " is the last hope.


Good lucks to those dreamer newbies traders / investors
Remember to works-hard loh!

From the courses you condem a few names will pop up esp kishore. They went to the top trader he advertise on his poster. I didn't overnight the charts can talk to me to.

Anyway why am I talking to a fake FCS. Ooi FCS you run out of prepaid cards izzit?

 

[Mr. Wood]

got people so free create so many accounts
why not do something useful with the time? like donate all your profits to charities?

 

[Mr. Wood]

next week looks boring.

Tue Nov 20
8:30am AUD Monetary Policy Meeting Minutes
4:20pm AUD RBA Gov Lowe Speaks
Tentative All OPEC-JMMC Meetings
6:00pm GBP Inflation Report Hearings
9:30pm USD Building Permits
USD Housing Starts

Wed Nov 21
1:45am CAD Gov Council Member Wilkins Speaks
6:00am CAD Gov Council Member Lane Speaks
5:30pm GBP Public Sector Net Borrowing
9:30pm USD Core Durable Goods Orders m/m
USD Durable Goods Orders m/m
11:00pm USD Revised UoM Consumer Sentiment
11:30pm USD Crude Oil Inventories

Thu Nov 22
8:30pm EUR ECB Monetary Policy Meeting Accounts
10:45pm CAD Gov Council Member Wilkins Speaks

Fri Nov 23
4:15pm EUR French Flash Manufacturing PMI
EUR French Flash Services PMI
4:30pm EUR German Flash Manufacturing PMI
EUR German Flash Services PMI
5:00pm EUR Flash Manufacturing PMI
EUR Flash Services PMI
9:30pm CAD CPI m/m
CAD Core Retail Sales m/m
CAD Common CPI y/y
CAD Median CPI y/y
CAD Retail Sales m/m
CAD Trimmed CPI y/y

 

[Trader11]

What do you guys think of scalping strategies that many retail traders are using? Profitable in long run? Had a retail trader friend who haolian he earned more than 2000 pips this week

Personal option, people who scalp are like wild animals who wait for luck to happen.

https://www.fxstreet.com/education/the-top-10-reasons-why-traders-fail-201402210000

 

[ctstalin]

What do you guys think of scalping strategies that many retail traders are using? Profitable in long run? Had a retail trader friend who haolian he earned more than 2000 pips this week

Personal option, people who scalp are like wild animals who wait for luck to happen.

https://www.fxstreet.com/education/the-top-10-reasons-why-traders-fail-201402210000

Why not? You can't do it doesn't means others cannot

 

[Mr. Wood]

What do you guys think of scalping strategies that many retail traders are using? Profitable in long run? Had a retail trader friend who haolian he earned more than 2000 pips this week

Personal option, people who scalp are like wild animals who wait for luck to happen.

https://www.fxstreet.com/education/the-top-10-reasons-why-traders-fail-201402210000

I did dat when I was jobless.
few thousand pips a week is possible, but not consistent.
must have a lot of capital, time and a strong heart.

 

[Trader11]

I did dat when I was jobless.
few thousand pips a week is possible, but not consistent.
must have a lot of capital, time and a strong heart.

Wow nice
But can you make a living scalping full time?

 

[Mr. Wood]

Wow nice
But can you make a living scalping full time?

maybe for others not for me.
too much work to stare at the screen forever.

 

[havetheveryfun]

Crypto bear is here !

will the stock markets follow it soon since it is said that the crypto market may be an indicator of the markets

 

[Mr.Canberra]

maybe for others not for me.
too much work to stare at the screen forever.

Quite xiong. Imagine working at the office for 16 hours or more every day!

Crypto bear is here!

will the stock markets follow it soon since it is said that the crypto market may be an indicator of the markets

Agree!

 

[Mr.Canberra]

EURO-DOLLAR TECHS: A Close Above 1.1448 Would Be Key

EURO-DOLLAR TECHS: A Close Above 1.1448 Would Be Key

EURUSD closed above 1.14 last week and remains above this level but to keep upward momentum, 1.1448 level representing the 50% retracement from 1.0341-1.2555 remains the focus. We have not closed above 1.1448 since Oct 23. A close above here would initially bring the Nov 7 high/50-dma at 1.1500/08 into play. Above here would register a higher high for the pair, shifting the outlook bullish and opening the 100-dma at 1.1560. Bears need to retake the 1.14 level to return the focus back to the Nov 13 and ytd lows at 1.1216.

 

[Knight_Rider]

Wow nice
But can you make a living scalping full time?

Tough. Even 3, 6, 8 pips also cannot assure consistency. If not Six Capital won't go bankrupt. Their Pro Traders are pretty solid dun know what happen.

 

[hindsight]

Bitcoin usage has fallen off a cliff because transaction costs are too high and its too slow compared to other cashless payments like Visa/Mastercard, so if anything BTC is just as speculative as the other crypto currencies, its a bubble thats bound to burst at some point.

I don't think gold and BTC are similar at all, gold can be purchased in its physical form (usually as jewelry) and central banks around the world still keep a portion of their reserves as gold, the only thing they have in common is rarity, but rarity alone does not automatically make something a good store of value.

https://www.bloomberg.com/news/arti...-falter-as-bitcoin-tumbles-toward-5-000-level

Gonna break 5k soon, BTC = E-tulip.

 

[Mr.Canberra]

New York traders lip lai liao.

Will USD up or down this week?

 

[Mr.Canberra]

The Next Asset Rout Could be Stocks

August 2018: EM currencies rout
November 2018: Oil rout

*Sniff sniff*
I smell sh*t brewing round the corner.

Most importantly save your money for a rainy day instead of buying snake oil.

REMINDER:
1) Position sizing
2) Do not over leverage
3) Ample margin

 

[NewInvestor]

August 2018: EM currencies rout
November 2018: Oil rout

*Sniff sniff*
I smell sh*t brewing round the corner.

Most importantly save your money for a rainy day instead of buying snake oil.

REMINDER:
1) Position sizing
2) Do not over leverage
3) Ample margin

You didn't mention the current tech rout or the cryptocurrency rout?

 

[DukeCS33]

August 2018: EM currencies rout
November 2018: Oil rout

*Sniff sniff*
I smell sh*t brewing round the corner.

Most importantly save your money for a rainy day instead of buying snake oil.

REMINDER:
1) Position sizing
2) Do not over leverage
3) Ample margin

Sovereign bond market rally!

 

[Trader11]

https://www.bloomberg.com/news/arti...-falter-as-bitcoin-tumbles-toward-5-000-level

Gonna break 5k soon, BTC = E-tulip.

Long ago, I said bitcoin is a scam.....

Got couples of SSI warrior become unhappy