Forex Tradingwithrayner

[tradingwithrayner]

Rayner

 

[aoptionwriter]

Nice work! You make the explanation plain and simple for most to understand.

I like to trade following the trend but I am always cautious on the fake breakout, trend reversal and effect of major news. If you can touch topic on these, that will be very much appreciated.

Cheers!

 

[tradingwithrayner]

Nice work! You make the explanation plain and simple for most to understand.

I like to trade following the trend but I am always cautious on the fake breakout, trend reversal and effect of major news. If you can touch topic on these, that will be very much appreciated.

Cheers!

Hey writer,

Thank you for your kind words

Regarding fake breakouts, it happens.

There's no way to prevent it but to accept it as part of trading altogether.

Some ways to increase the probability of your breakout are:

1) Trade with the trend

2) Higher lows into resistance - for break up

3) Lower highs into support - for break down

Hope it helps!

Rayner

 

[tradingwithrayner]

Rayner

 

[tradingwithrayner]

This week's market analysis here...

Rayner

 

[bball21]

This week's market analysis here...

Rayner

haha you are still here! when u just started sharing, i thought u will give up soon! not like have been on and off with mixed results for 5 years

 

[tradingwithrayner]

haha you are still here! when u just started sharing, i thought u will give up soon! not like have been on and off with mixed results for 5 years

Hey ball,

Just sharing what I know and hope it makes a difference.

Don't hesitate to let me know if there's anything, I'll be glad to help.

Rayner

 

[tradingwithrayner]

This week's market analysis here...

Cheers!

Rayner

 

[agenda]

Very nice analysis. At least you have a stand unlike most analyst out there.

But have you considered including fundamental analysis?

 

[Perisher]

Very nice analysis. At least you have a stand unlike most analyst out there.

But have you considered including fundamental analysis?

If he has found a consistent way of making $$ from pure TA, FA can be a hindrance.
Just a thought only.

 

[tradingwithrayner]

Very nice analysis. At least you have a stand unlike most analyst out there.

But have you considered including fundamental analysis?

Hi Agenda,

Yes I've tried incorporating it previously but find it adds more confusion to my trading.

So I ignore it now. However I'm aware of big fundamental news that are coming out, but i don't let it affect my trading.

Rayner

 

[prudent76]

If he has found a consistent way of making $$ from pure TA, FA can be a hindrance.
Just a thought only.

I tracked his trades for a while when he started the thread... not even remotely profitable... no shame in that though..

 

[wahkao3]

If he has found a consistent way of making $$ from pure TA, FA can be a hindrance.
Just a thought only.

i disagree
we should use both TA+FA

TA+FA, both say buy, then I buy. If 1 never say buy, I never buy

 

[aoptionwriter]

Very harsh word..As the book is not opened, it is hard for us to judge that.

I tracked his trades for a while when he started the thread... not even remotely profitable... no shame in that though..

 

[Perisher]

i disagree
we should use both TA+FA

TA+FA, both say buy, then I buy. If 1 never say buy, I never buy

You have issues with people who earn $$ consistently by using TA only?

 

[act333]

TA works because a lot people use it too... that's why only use the most common indicators

 

[prudent76]

Very harsh word..As the book is not opened, it is hard for us to judge that.

Yes there was some pepper and spice thrown into the statement. Overall, I'm just stating factually what I gleaned from his early videos. I'm always open to being corrected, with facts and figures of course.

 

[Shalomp]

http://www.straitstimes.com/business/forex-trader-sues-citi-for-wrongful-dismissal




A former Citigroup trader fired over claims that she and a colleague colluded to rig the currency market has sued the bank in Singapore for wrongful dismissal.

Ms Tian Yuhui, fired the day she returned to work after a four-month maternity leave, is suing for loss of income, deferred stocks and cash awards and for her job to be reinstated, according to a lawsuit filed in August at the Singapore High Court. She is also asking Citicorp Investment Bank (Singapore), the bank's local unit, to rescind "adverse notifications" sent to regulators.

Citigroup was entitled to terminate the currency spot options trader in May, the bank said in its defence filed in October. The bank in an internal probe last year uncovered five chats from 2011 to 2013 between Ms Tian and a Japanese colleague, according to court papers.


The bank claims the chats revealed her "intention to trade with a view to affect or manipulate" the US dollar-Japanese yen spot price around the time of the 3pm Tokyo fix, a key currency market benchmark. The dollar-yen is a major currency pair in the US$5.3 trillion- a-day (S$7.6 trillion-a-day) foreign exchange market.

Ms Tian's lawyer Wong Siew Hong said: "She's been unfairly dismissed without notice."

A closed hearing is set for Dec 17. Banks have paid out more than US$10 billion in fines as a result of a scandal involving alleged currency rigging, with criminal investigations in the US and Britain still pending. At least 30 traders at various banks have been fired, suspended or put on leave in the last two years, since the scandal broke.

"You are the best," Ms Tian told her Japanese colleague in a chat, after he told her he placed a "fake bid" to defend the dollar-yen spot rate at 84.01, according to court papers.

Ms Tian also told him to "push the fix", according to transcripts. The Japanese trader has also been fired, according to court papers.

Ms Tian said her choice of words may not have been appropriate and may have given the wrong impression about her intentions.

She said she did not tell the Japanese trader to place a fake bid, and that the chats reflected a "common practice" of entering a bid order, and later withdrawing it.

The trader, who was last paid S$18,900 a month, said she felt her duty was to make money for Citigroup, according to court papers.

BLOOMBERG

 

[tradingwithrayner]

Our final weekly analysis for the year...

Cheers!

Rayner

 

[tradingwithrayner]

Our first weekly market analysis, of 2016.

Cheers

Rayner