Is Forex Profitable?

[blurinvestor]

AUDJPY - enter 1 long position at 81.55X

It can go lower.

There you have it 30 pips. It is just that simple.

Did you look to the left and see why I took this trade?

 

[blurinvestor]

This is one of my road maps -

No road map no trip.

 

[blurinvestor]

Look like the U-turn is set for this 2 pairs (EURAUD and EURNZD). This could be a long term trade, adjust trail stop as necessary but must give wider allowance to keep the trade going for 500 - 600 pips profit. These 2 pairs still have lot of room to run. BUT one cannot be 100% sure hence STOP LOSS is your best friend.

... Charts your road map by looking at the left.

Now, you see the reason of having wider allowance for stop loss to keep the trade going.

Forex is simple when you stop thoose childish act of having the very fun of resorting to name calling, instead of making some profitable TRADE CALL

 

[Knight_Rider]

AUDJPY generates to most profit for me.
This pair always want to stay up. When AUDUSD goes up it will go in tandem.
When AUDUSD goes down, it will follow USDJPY if it is going up.

So only buy this pair when the price is right. Even if you are wrong, it will recover in no time. The best pair for NO STOP LOSS , seriously. But if you sell it, you are asking for trouble.

And always sell GBPUSD when price is above 1.33XXX. If price move to 1.345X bet your house with it.

If you buy audsgd at 1.3 and no stop loss you are also f*****. In fact any pair you tikam wrong level also up lorry.

 

[Knight_Rider]

Now, you see the reason of having wider allowance for stop loss to keep the trade going.

Forex is simple when you stop thoose childish act of having the very fun of resorting to name calling, instead of making some profitable TRADE CALL

If posting KFC profits is considered a trade call then everyday also very the fun.

 

[ongkinhong12345]

How do I start forex?
What platform you guys using?

 

[blurinvestor]

How do I start forex?
What platform you guys using?

Maybe STI is safer for you.

 

[blurinvestor]

Look like late comers are not welcomed.

Anyway I think selling pressure for EURUSD might end tonight. 1.131X is where I might consider long. Will watch price reaction when it reaches there.

btw I double and triple check what I typed - yes it is AUDJPY, not AUDXXX. Confirmed it is AUDJPY.

 

[blurinvestor]

How to predict the market -

*Sniff sniff*
I smell sh*t brewing round the corner.
(Implying you knew what is going to happen)

If something happened, be it stock, forex, bitcoin, and you shall proclaim -

I predicted it. Told you!

If nothing happen you lose nothing.

Avoid this type of soothsayer at all cost.

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

My helper making coffee for me

And yes - sh*t coffee - Kopi Luwak.
Her daughter brought over from Philippines when she came to stay with her for a week.

 

[ongkinhong12345]

Ok
Can buy STI through what platform?

Maybe STI is safer for you.

 

[blurinvestor]

Ok
Can buy STI through what platform?

I suggest you read this info - NIKKO STI ETF with POSB

 

[blurinvestor]

I don't process the skill of whacking price without blinking my eyes, nor do I have the skill to visualizer the right of the chart with indicators.

But I do use indicators to look for interesting setups. Indicator only indicates, I need to do my due diligent.

 

[blurinvestor]

How can I get the Probability Short vs Long: 66% (Shorting) vs 44% (Long) without the most powerful technical analysis skills, inherited from Top-US Investment Banking.

My fx trading methodology are not fully based on Investment banking proprietary system, of which I am not qualify, don't even have O level cert.

My amateur methodology is taken straight from the internet -

When the herd SELL - USDJPY, I buy.
When the herd LONG - EURUSD, I sell.

Just map the opposite direction of the majority.
O, yes I still need to chart my road map.

 

[blurinvestor]

Nothing to see today. But I am very sure that this wrong call will remain wrong -

Another trader was calling for NZDUSD SELL on 13/11/2018 - 0.6730 is a good entry level for 0.6585 TP
16-11-2018 NZDUSD as of now - 0.68320, hundred pips away from that call.
29-11-2018 NZDUSD as of now - 0.68680, still hundred of pips away from that call.
Price has never revisit 0.6730 since. Maybe, if Trump punches Xi this weekend. Else, 0.6585 will be light years away.
Nonetheless it is easy to hedge and unwind this wrong trades. What you need is practice with a demo account.

I double and triple check what I typed on 20-11-2018 - yes it is AUDJPY, not AUDXXX. Confirmed it is AUDJPY. It did it again - always want to stay on top.

aussie and kiwi are long trend pair you might want to relook into your positions if you shorted them. The only hope is this weekend.

Sit tight, no position is also part of the games.
I think Trump might say something positive during and after the meeting BUT when he get home he will change. Xi will maintain his composure as if nothing had happened. He might use 1 of the US Treasury bills in his bag to wipe Trump's mouth after the dinner.

 

[gloryyang]

is it true that 95% of forex traders lose money?
isn't that bad, especially since forex trading looks like quite a lot of work and preparation

 

[Lu3ky13]

is it true that 95% of forex traders lose money?
isn't that bad, especially since forex trading looks like quite a lot of work and preparation

Yup, it is all depend our ownself, only the commited will succeed.

 

[blurinvestor]

is it true that 95% of forex traders lose money?
isn't that bad, especially since forex trading looks like quite a lot of work and preparation

Gone are the days when you only need to arm yourself with HTML, CSS and some JavaScript or php skills to make a GOOD living as web developer. Now, looks like quite a lot of work and preparation to be a okok web developer - you need to be good with AMP, PWA, Polymer, chat bot, and endless of new web technology.

Same go with video profession, a lot of work and preparation to be one class above other production house. Multi-cams set up, composite, incorporating animation (Adobe Character Animator), super sound and light quality and a ton more skill sets to acquired to be a good director of photography.

To be good with anything one needs to be focus and work on it.

 

[yoyokid]

This thread seem no one, except TS...

Must be too boring talking ownself....
Trolling also damn sad....

.
Most likely all lost till diam-diam... Lol ...

 

[blurinvestor]

Missed by 7 pips, need more practise.

It still have a chance as the night is long.

 

[blurinvestor]

This thread seem no one, except TS...

Must be too boring talking ownself....
Trolling also damn sad....

Not when I am counting pips

Check time stamp - all positions were live as it happened in forex market, not after the fact.