Is Forex Profitable?

[blurinvestor]

I guess rider have the very fun of learning how to accurately predict the market - just throw some random number USDJPY - 104 by end of week,. . .Have the very fun to ride on to street 83.

USDJPY - 104.83

 

[blurinvestor]

no scalp cos basket not in sync

 

[blurinvestor]

this is why I don't trade the basket, when they are not in sync. I have to learn how market took me out not how much I can win.

 

[blurinvestor]

Wow, you remember your lesson well and went on to teach other.
But you revealed your ugly character by name calling and false accusation.

If I want to howlian I will simply put yearly profit 118% and I can handle US$10,000 unrealized loss. Have to put unrealized loss so as to make the account look real.

Please don't stoop so low. Learn from Extremeway, he holds no grudge

O ya USDJPY - 104.74 a miss from 104.83

 

[blurinvestor]

my bad, it was my majong kaki that told be your username - blurinfestor, nice name

You are funny. Anyway you are most welcome to help me push this thread up and add view count.

One secret winning tip for you in forex - Don't use stop loss.

 

[blurinvestor]

Wow, spring cleaning, no I ain't a cry baby crying for Mod. Anyway, thanks Mod appreciate that.

Most forex info come with a IF statement just like programming. Hence, I still have to make my call. I look to the left of the chart to draw S/R lines and wait patiently.

I preferred to trade with a map.

 

[blurinvestor]

source: forexlive.com/

As I wait I do some reading, so that as and when I pop by Shenton Way for lunch or late night supper I can chit chat like a pro, help me to howlian a lot.

 

[blurinvestor]

Price might just move the other direction from my map, so be it, at least I lost nothing.

My take on the eventual of trade war as of today - 75%. So AUDJPY still got room to move up to 81.XXX.

 

[chopra]

risky scalps

 

[blurinvestor]

My take on the eventual of trade war as of today - 75%. So AUDJPY still got room to move up to 81.XXX.

These optimistic headlines are flooding the market -

United States and China are set to begin negotiations on trade, easing fears about a trade war between the world’s two largest economies.

World Stocks Bounce On Report Of US-China Trade Talks.

Risk appetite made quite a comeback on speculations that the U.S. could ease its protectionist moves against China, thereby lowering the risk of a full-blown trade war.

Look like all countries play into Trump's card. Trump won, hence eventual of trade war as of today - 35%. Trump might still rear his ugly head and demand more and price will wobble again.

Outlook changes so does road map - look for BUY.

 

[blurinvestor]

If I'm crazy enough to sell, I'll wait for price to cross over SELL area then place a sell limit.

Trade War - 35%, buy or sell AUD.

 

[blurinvestor]

Lower time frame M15 - It might just ding dong up and down 40pips (accumalation)

 

[Ilovemathstutor]

forex is mostly a zero sum game, with high leverage...

i wouldn't point towards that, unless you don't mind margin calls or forced liquidation.

 

[blurinvestor]

BUBA Effect, sound sexy than Price in liao - must memorised.
Price in liao is for forex reporter,unless they tell you how to get in before it's being price in. So next month buba effect must get ready.

 

[blurinvestor]

forex is mostly a zero sum game, with high leverage...

i wouldn't point towards that, unless you don't mind margin calls or forced liquidation.

You are right, didn't think of that. Thanks for pointing that out.

 

[blurinvestor]

Price, might reverse and take away my gain. That is one big lesson I learn how market take me out, hence I use trailing STOP LOSS. As price move in my favour I locked in with stop loss to BE and trail accordingly. I might take some profit and let the rest run.

 

[blurinvestor]

Pivot acts as magnet price stuck there for 6 hours.
800pips down since Jan, wonder still got fume to reach target.

 

[blurinvestor]

still wondering still got fume to reach target.

 

[blurinvestor]

Price, might reverse and take away my gain. That is one big lesson I learn how market take me out, hence I use trailing STOP LOSS. As price move in my favour I locked in with stop loss to BE and trail accordingly. I might take some profit and let the rest run.

Stop Loss/trailing Stop Loss is to help me manage my trade. To be stop out is better for me than to hold on to a runaway trade. I am totally OK to be stop out and someone just reminded me that I'm into a zero sum games.

 

[blurinvestor]

The news behind the move.

Press after Trump met Kim -
Trump: He (rocket man) is a good guy. We have a terrific meeting. I can gel with him, we have chemistry.

I expect this headlines in the near future. Hence, buy the rumor (expectation), sell the fact before they PRICE IN liao.