Is Forex Profitable?

[blurinvestor]

Sounds interesting. Unfortunately my TA skills cmi. Would love to discuss with you about what you are doing when I pick it up... going to learn from rayner now...

Yes higher time frame is good for the heart.

I respect rayner's method just that I would includes news (fundamental) to adjust must stop loss.

M1 is good for training, something like you can drive a car without realizing that you are handling many things at the same time ( the brake, the mirrors, the traffic...). So if you can handle M1 with your chosen indicators you can go very far in forex.

People fails driving test most of the time they are panic when they see all these indicators.

 

[blurinvestor]

Now you see trading M1 is like fishing in South China Sea, the weather changes fast and your heart beat faster, it might bring you down on your knees if you forget to manage your stop loss and become greedy. Never put a trade expecting to win but put a trade that you don't mind giving X pips to the market.

Also I want to rob US bank while they are on holidays (this is my nonsense let see how true is this)

Getting a few round of 10 - 20 pips a day is possible in M1. M1 is the best training ground, of course use a demo account first.

 

[blurinvestor]

If price shows stronger sign of moving down, I might hedge it soon

 

[blurinvestor]

hedging now pray harder

you can see the $ amount getting smaller

 

[blurinvestor]

so you think the forex experts are those that are really good at TA and FA think again.

Ok, ok maybe there are but I still haven't met 1

behind many successful forex traders are those who spend hours searching for the right mixed of indicators

One day I will reveal more about this guy who claimed that you can earn millions in forex if you sign up his course

 

[Average]

This always happens to me... I manage to double my account. Then, i will lose all next day. I did it again last week, heartpain i did not withdraw when it doubled.

Sent from your next door using GAGT

 

[SpeedingBullet]

Nope it's not.

 

[archcherub]

This always happens to me... I manage to double my account. Then, i will lose all next day. I did it again last week, heartpain i did not withdraw when it doubled.

Sent from your next door using GAGT

wah how u lose all the next day?
u are talking abt a paper account right?

 

[blurinvestor]

I was trying to close all but the script cannot work

Hence I will just capture a screen shot and consider close for the day else I'll see stars again and wait long long

I will try to figure up how I can best close all trade. So please be patient with me ok

 

[blurinvestor]

Tried 4 close scripts none can work

Give up close shop go to sleep

 

[Average]

wah how u lose all the next day?
u are talking abt a paper account right?

Real account pls. Paper account no point heartpain. I got excited and increased my bets, then market turned against me. Gg.

Sent from your next door using GAGT

 

[Average]

Btw, in case its not clear enuf, i use margin account.

Sent from your next door using GAGT

 

[Perisher]

Real account pls. Paper account no point heartpain. I got excited and increased my bets, then market turned against me. Gg.

If you manage to learn or refine your strategy due to that, then it's not wasted.
A lot of the traders here learn through the mistakes and become long term profitable ones. Treat it as course fees.

 

[blurinvestor]

Packing my fishing gears, will be out fishing tomorrow till Friday.
Thanks market

 

[blurinvestor]

Finally found the script that works

 

[blurinvestor]

And it works

That's all for today, cannot be greedy.

 

[blurinvestor]

This is robbing US banks while they are on holiday. Tonite they going to be very angry

 

[blurinvestor]

The right move of the market is to buy USD and short GBP and EUR in view of US rate hike.
Something like you will change USD now if you are planning year end holiday in US. But it is too late liao lah should change when it is 1.2x. Hind sight everybody is expert. Just like those talking heads be it property guru, forex guru, stock guru, they are all conferred with doctorate of hindsight prediction. Tomorrow you will have many hindsight expert in politic analyse cos all of them won't be surprise at the outcome of the result.

 

[blurinvestor]

But instead of buying USD market is selling USD. Is that so or is it that the pig and gangs are regulating the price. Yes, they regulate the price not regulate the market. They regulate the market only when market tries to be funny with them.

Let see what nonsensical rubbish I can make out of these infos

1. GBP goes up despite good US data.

2. More people are buying GBP and thrash USD

3. Most time the correlation between EURUSD and USDJPY is in the negative - 83 above but now only -30+. Something like when EURUSD is at 1.12x USDJPY will be around 117.X

My nonsensical interpretation is that the pig and gangs are resetting the algorithm for US rate hike.

EURUSD, GBPUSD are positioning for the hike.

China is trying to force it way to the pig-style

Soon china will realize all are pig only 1 is more pig

 

[blurinvestor]

Open a new demo account, which allow to track Forex, Stock Indices, Oil, Gold and sing dollar pairs.

ATM USD is still the weakest, others are pushing up. Getting ready for Thursday FOMC.

Let see when London open will the market pushes the price down to price in the elusive rate hike.