Forex Tradingwithrayner

[Knight_Rider]

Heard they incurred losses up to 30mil ...

IG Group Facing Losses up to £30 million, After Excessive Volatility in CHF

As usual they die better then I die. They can live to fight another day. We die means account burst.

 

[shawnwong]

FXCM lost 220++ mil but they managed to find fund(300mil, leucadia) to continue. Alpari UK goes into insolvency...

So even if u use guarantee stop and transferred the risk to the brokerage there is still a chance you will lost ur money if they close shop.

Maybe don't dump all your trading fund into the brokerage. For me, I just keep the amount needed to maintain my margin with the brokerage.

 

[tradingwithrayner]

Find out which brokers are affected here.

Is Your Broker Weathering the CHF Storm?

Rayner

 

[prudent76]

Last and Final Warning

Hullo Everybody,
This is the 2nd time I am re-writing this post and the last time I will be posting on this topic. Too lazy to write on the forum lah...I initially started out by trashing trend trading and about how it doesn't work. I realised that trashing trend trading won't actually help anybody. Soooooo, I'm going to share with you (drum rolls) What actually does work in Forex trading.

Basics
You are trading MONEY! Therefore, anybody can correct me if they feel I am wrong here... YOU NEED AN GOOD UNDERSTANDING OF MONETARY POLICY! Without understanding monetary policy, you are essentially taking part in a swimming competition without actually knowing how to swim. In order to succeed, you need to mesh technical and fundamental analysis.

Application of Fundamental Analysis Example
EUR is going into QE. You don't need moving averages to tell you that you should be shorting the EUR.
CHF is in negative interest rate territory. You don't need moving averages to tell you you should be shorting CHF (once the technicals align with your fundamental analysis of the pair)

Technical Analysis
Now knowing that the EUR and CHF should be short, we then look for confirmation on the technical charts to confirm. We would be looking to get in on the dips. How you do this exactly is up to you. I'm sure you've heard the accronym BTFD and STFR. Trading purely with Technical Analysis is like driving using your rear view mirror only.

Closure
I've disrespected Rayner on his thread for a while now and for that I aplogise, as a fellow trader...Sorry bro . If you've been a loosing trader for a while now, then perhaps you should start building on the extremely brief advice I have provided above(if it makes sense to you). Also run far far away from any trading method that mentions the words "moving average". Best of luck to ALL traders!

 

[tradingwithrayner]

Hullo Everybody,
This is the 2nd time I am re-writing this post and the last time I will be posting on this topic. Too lazy to write on the forum lah...I initially started out by trashing trend trading and about how it doesn't work. I realised that trashing trend trading won't actually help anybody. Soooooo, I'm going to share with you (drum rolls) What actually does work in Forex trading.

Basics
You are trading MONEY! Therefore, anybody can correct me if they feel I am wrong here... YOU NEED AN GOOD UNDERSTANDING OF MONETARY POLICY! Without understanding monetary policy, you are essentially taking part in a swimming competition without actually knowing how to swim. In order to succeed, you need to mesh technical and fundamental analysis.

Application of Fundamental Analysis Example
EUR is going into QE. You don't need moving averages to tell you that you should be shorting the EUR.
CHF is in negative interest rate territory. You don't need moving averages to tell you you should be shorting CHF (once the technicals align with your fundamental analysis of the pair)

Technical Analysis
Now knowing that the EUR and CHF should be short, we then look for confirmation on the technical charts to confirm. We would be looking to get in on the dips. How you do this exactly is up to you. I'm sure you've heard the accronym BTFD and STFR. Trading purely with Technical Analysis is like driving using your rear view mirror only.

Closure
I've disrespected Rayner on his thread for a while now and for that I aplogise, as a fellow trader...Sorry bro . If you've been a loosing trader for a while now, then perhaps you should start building on the extremely brief advice I have provided above(if it makes sense to you). Also run far far away from any trading method that mentions the words "moving average". Best of luck to ALL traders!

Hi prudent,

No offense taken here at all, glad to have you sharing your thoughts on trading and looking forward to more of it.

Tgif!

Rayner

 

[Asphodeli]

Hi TS,

what's the diff between trading on MT4 vs AdvantageTrader or similar platform? faster updates? Also, are algos better, or manual key?

 

[tradingwithrayner]

Hi TS,

what's the diff between trading on MT4 vs AdvantageTrader or similar platform? faster updates? Also, are algos better, or manual key?

Hi Asphodeli,

I've use MT4 simply for charting purposes and have never tried other platforms, so i can't comment on it.

Algo trading and discretionary trading is 2 different thing altogether.

I don't think there's any better or worst but rather which suits your personality. Algo trading would definitely require programming knowledge compared to manual trading.

Rayner

 

[Asphodeli]

Hi Asphodeli,

I've use MT4 simply for charting purposes and have never tried other platforms, so i can't comment on it.

Algo trading and discretionary trading is 2 different thing altogether.

I don't think there's any better or worst but rather which suits your personality. Algo trading would definitely require programming knowledge compared to manual trading.

Rayner

Hmmm actually come to think of it, what's the definition of forex? trading foreign currencies based on futures? CFDs? which one is the most common form of trading?

 

[tradingwithrayner]

Hmmm actually come to think of it, what's the definition of forex? trading foreign currencies based on futures? CFDs? which one is the most common form of trading?

Forex - trading currencies only, and usually done on interbank level. In recent years it has open up to retails like you and me.

Futures - A centralize exchange that has a wide variety of products. Currencies, interest rates, indices pork bellies etc

Cfds - A product that caters to retail like you and me. Covers quite a number of products in the futures market but at a smaller size.

You may want to google more for the specifics.

Rayner

 

[Shiny Things]

Hmmm actually come to think of it, what's the definition of forex? trading foreign currencies based on futures? CFDs? which one is the most common form of trading?

FX, stocks, bonds, and commodities are asset classes; futures, swaps, CFDs, and spot (and options) are trading vehicles to trade those asset classes.

"FX trading" covers any vehicle for trading currencies - everything from spot FX, to FX futures, to foreign-currency fixed deposits, to wacky-ass structured products, to CFDs, to options.

Since you asked "what's the most common?" - the answer is spot FX, by a mile. Interbank spot FX turnover on an average day is a few trillion dollars, and on a big day like January 15th (the EURCHF blowup day) it can reach nearly ten trillion.

 

[Shiny Things]

If I were to trade FX, I would trade CME FX futures through a local broker [snip] I was offered free access to their X-Trader trading platform with very attractive commission for futures contracts.

Local brokers don't exactly have a reputation for being competitive with commissions, though. Can they beat 85 cents per contract?

 

[Jteo168]

Hullo Everybody,
This is the 2nd time I am re-writing this post and the last time I will be posting on this topic. Too lazy to write on the forum lah...I initially started out by trashing trend trading and about how it doesn't work. I realised that trashing trend trading won't actually help anybody. Soooooo, I'm going to share with you (drum rolls) What actually does work in Forex trading.

Basics
You are trading MONEY! Therefore, anybody can correct me if they feel I am wrong here... YOU NEED AN GOOD UNDERSTANDING OF MONETARY POLICY! Without understanding monetary policy, you are essentially taking part in a swimming competition without actually knowing how to swim. In order to succeed, you need to mesh technical and fundamental analysis.

Application of Fundamental Analysis Example
EUR is going into QE. You don't need moving averages to tell you that you should be shorting the EUR.
CHF is in negative interest rate territory. You don't need moving averages to tell you you should be shorting CHF (once the technicals align with your fundamental analysis of the pair)

Technical Analysis
Now knowing that the EUR and CHF should be short, we then look for confirmation on the technical charts to confirm. We would be looking to get in on the dips. How you do this exactly is up to you. I'm sure you've heard the accronym BTFD and STFR. Trading purely with Technical Analysis is like driving using your rear view mirror only.

Closure
I've disrespected Rayner on his thread for a while now and for that I aplogise, as a fellow trader...Sorry bro . If you've been a loosing trader for a while now, then perhaps you should start building on the extremely brief advice I have provided above(if it makes sense to you). Also run far far away from any trading method that mentions the words "moving average". Best of luck to ALL traders!

spend 2 mins reading your post and i totally agree with you.

 

[tradingwithrayner]

Why Trend Followers Trade Price And Not News?

 

[superman2006]

Hullo Everybody,
This is the 2nd time I am re-writing this post and the last time I will be posting on this topic. Too lazy to write on the forum lah...I initially started out by trashing trend trading and about how it doesn't work. I realised that trashing trend trading won't actually help anybody. Soooooo, I'm going to share with you (drum rolls) What actually does work in Forex trading.

Basics
You are trading MONEY! Therefore, anybody can correct me if they feel I am wrong here... YOU NEED AN GOOD UNDERSTANDING OF MONETARY POLICY! Without understanding monetary policy, you are essentially taking part in a swimming competition without actually knowing how to swim. In order to succeed, you need to mesh technical and fundamental analysis.

Application of Fundamental Analysis Example
EUR is going into QE. You don't need moving averages to tell you that you should be shorting the EUR.
CHF is in negative interest rate territory. You don't need moving averages to tell you you should be shorting CHF (once the technicals align with your fundamental analysis of the pair)

Technical Analysis
Now knowing that the EUR and CHF should be short, we then look for confirmation on the technical charts to confirm. We would be looking to get in on the dips. How you do this exactly is up to you. I'm sure you've heard the accronym BTFD and STFR. Trading purely with Technical Analysis is like driving using your rear view mirror only.

Closure
I've disrespected Rayner on his thread for a while now and for that I aplogise, as a fellow trader...Sorry bro . If you've been a loosing trader for a while now, then perhaps you should start building on the extremely brief advice I have provided above(if it makes sense to you). Also run far far away from any trading method that mentions the words "moving average". Best of luck to ALL traders!

Diam..diam...lah.

I trade only TA, most of the time avoid any upcoming news. Who said you need FA + TA to successful in FX trading? ********!!! Have you went to SGX seminar by this ex-floor future trader (Tom YCK)? He is one of the pure example of pure TA trader, also successful. His lots side are the huge kind of ($100k). If not? Why SGX takes him in?


My method of trading? Very simple....key S&R+Fib+Advance Patten (Bat, Butterfly) also plus Supply & Demand.

Maybe you are also successful based on your style kind of. But that is you, good for you. In trading world, there are many different kind of trader also successful.

 

[superman2006]

Swiss Franc related pair, I myself also suffer some loss. But luckily, I using fx option to hedge against my position......


zeeebyeee Swiss bank, fug you!!!

 

[superman2006]

Oei....prudent76, your comments are insulting all TA trader, you know that?

Fug you zbye, you think you are the own profitable trader ah? Xialan right?

There are many people able to challenge you. We respect your style, but please don't put down the other. Trading is all about making consistent profits right?

Unless you are like this SGX TA trader below this link, maybe I still respect you.

If not? YOU ARE A SHITS, , ZBYE!

Tom Yuen

 

[tradingwithrayner]

The 4 Problems With Price Action Trading And How To Fix it

Price action trading is one of the most popular trading strategies around due to it’s simplicity and fabulous internet marketing.

From my early days of trading I have been trading this approach religiously, and I can say that price action trading built the foundation of trading in me.

However despite trading it for 4 years, I wasn’t consistently profitable with this approach.

After much reflection, I realized there are 4 problems with price action trading that was holding me back. If you are a struggling price action trader, then I would like to share with you what these 4 problems are and how you can fix it. [continue reading]

Rayner

 

[MilesAnswer]

Have anyone came across XCFD before
Is this broker reliable ?

 

[superman2006]

Price action trading is one of the most popular trading strategies around due to its simplicity and fabulous internet marketing.

From my early days of trading I have been trading this approach religiously, and I can say that price action trading built the foundation of trading in me.

However despite trading it for 4 years, I wasn™t consistently profitable with this approach.

After much reflection, I realized there are 4 problems with price action trading that was holding me back. If you are a struggling price action trader, then I would like to share with you what these 4 problems are and how you can fix it. [continue reading]

Rayner

Very good insights by Rayner. Some of your point I also never think about it. Really a TA sexpert !!! Sia!!!!



Sometimes, I do also using trends structure methods. But key is still s&r, plus fib. Fib itself if use and master correctly can also already made you profitable.

So call a stack of level of confusion together. Vol do plays apart too....

I know one floor trader from SGX, name TOM YCK. I attended his seminar before. He is a purely TA Futures floor trader, his key methodology is fib + price actions only. When he showing us some demo? Wow fantastic and simple.

But he told us one thing, a trader trading methods can't be copy learn 100% totally. Because everyone market sense and judgment is different.

That why in this class, after batch & batchs of participants. Only less than 5 percent of his students make it with his core trading system. One of them even becoming his assistance.

And the rest of leh 95%? Can't make it.. Some even complaint......wastes $$.

When I see / hear that? I laughing all the way. Beh kan mean beh kan. You may be a professional in any fields. But when coming to trading? You are a little ppuuusssyy when facing the markets.

That why he keep repeating. You needed to find your own receipt of success.


This fellow course not cheap, a four days full course could cost you $5k...and he don't accept beginners, to join? Must at least know TA intermediate level. Like you and me.



Sent from Superman2006 using GAGT

 

[tradingwithrayner]

Very good insights by Rayner. Some of your point I also never think about it. Really a TA sexpert !!! Sia!!!!



Sometimes, I do also using trends structure methods. But key is still s&r, plus fib. Fib itself if use and master correctly can also already made you profitable.

So call a stack of level of confusion together. Vol do plays apart too....

I know one floor trader from SGX, name TOM YCK. I attended his seminar before. He is a purely TA Futures floor trader, his key methodology is fib + price actions only. When he showing us some demo? Wow fantastic and simple.

But he told us one thing, a trader trading methods can't be copy learn 100% totally. Because everyone market sense and judgment is different.

That why in this class, after batch & batchs of participants. Only less than 5 percent of his students make it with his core trading system. One of them even becoming his assistance.

And the rest of leh 95%? Can't make it.. Some even complaint......wastes $$.

When I see / hear that? I laughing all the way. Beh kan mean beh kan. You may be a professional in any fields. But when coming to trading? You are a little ppuuusssyy when facing the markets.

That why he keep repeating. You needed to find your own receipt of success.


This fellow course not cheap, a four days full course could cost you $5k...and he don't accept beginners, to join? Must at least know TA intermediate level. Like you and me.



Sent from Superman2006 using GAGT

Hi Superman,

Your language tone is pretty funny i must say.

And yes Tom is absolutely right, no 2 traders can trade exactly the same.

We are all made up of different psychological makeup, way we think, react, and behave are simply different.

However the core principles of trading must be there to trade profitably.
Cutting your losses, riding profits, managing your position size etc.

Rayner