*Official* Forex Trading thread. (DYODD advised) - Part 2

[Mr.Canberra]

6-7% loss is alr like $6-7K for a $100K trade liao leh... lucky i on mini account nia...

hm... i thought someone in here cut loss $10K just a few days ago... can't imagine the pain...

Yes Mr. Jxxxxxx. That was last week.

If he never cut his loss for his USD/JPY short position. Now recover from 111.7 to 111.6X already. His stucked position was 110.X if I am not wrong. The only concern for such a situation is that the position is too large so cannot withstand the physcological factor when one sees position down by almost 5 figures.

If want to play higher quantum it is better to spread the amount amongst different currency pairs. Allocate 1 standard lot (max) to a currency pair. This is my game play.

too bad yesterday i cut my NU short at 0.727 at lost, bang bang now haha, well that is trading, unless got strong heart like you, if not, no choice

today my wind gone -130S$ on forex so far

Oh man.

Do more cardio exercises and train your heart.

 

[awful999]

Oh man.

Do more cardio exercises and train your heart.

To me is ok ,come to think if trading no loss and keep winning, if one day the lost come, then will be more worst, cannot take the lost at all. Well, different people different way, no matter what methods can win can liao

 

[LucentFX]

To me is ok ,come to think if trading no loss and keep winning, if one day the lost come, then will be more worst, cannot take the lost at all. Well, different people different way, no matter what methods can win can liao

"If trading no loss and keep winning"..... better run away fast.....

 

[Mr.Canberra]

EUR/USD

To me is ok ,come to think if trading no loss and keep winning, if one day the lost come, then will be more worst, cannot take the lost at all. Well, different people different way, no matter what methods can win can liao

My EUR/USD down -US$1000 liao!

 

[tiertime]

omg what is wrong with the market today.. so unpredictable... more than 10 losing trades... all my winnings almost give back liao...

 

[awful999]

My EUR/USD down -US$1000 liao!

beware, EU can further down ? break the support range already

 

[awful999]

omg what is wrong with the market today.. so unpredictable... more than 10 losing trades... all my winnings almost give back liao...

beware and control a bit already, don't let the emotion affect you further

 

[xersion]

My EUR/USD down -US$1000 liao!

U long?

Sent from OPPO X9079 using GAGT

 

[Mr.Canberra]

omg what is wrong with the market today.. so unpredictable... more than 10 losing trades... all my winnings almost give back liao...

Pricing in for Yellen speech later.

Pek chek is part of trading. I listen/watch Bloomberg TV to calm myself when trading. Takes my mind off from 'money'.

Alternatively listen to 波哥 for some motivation haha.

beware, EU can further down? break the support range already

Ai zai. Margin at healthy level. This is normal if you play GBP before. EUR less hiong than GBP. 200-300 pips movement very normal on volatile days.

At S2 level now. Next stop 1.1775.

U long?

Yes EUR/USD long position was opened yesterday.

 

[Mr.Canberra]

My top losing positions are USD/CAD long position (-US$1622) and USD/JPY long position (¥56,251).

 

[xersion]

Good luck... Dun looks good

Sent from OPPO X9079 using GAGT

 

[Mr.Canberra]

Trading Performance 2017

____________________________________________________________
STUCKED POSITIONS [NO STOP LOSS]

AUD/USD (US$40,000) SHORT: -86 pips <-Since 05/06/2017
EUR/USD (US$100,000) LONG: -106 pips
NZD/USD (US$90,000) LONG: -22 pips
USD/CAD (US$40,000) LONG: -404 pips <-Since 05/05/2017
USD/CHF (US$100,000) SHORT: -45 pips <-Safe haven hedge for now
USD/JPY (US$10,000) LONG: -500 pips <-Since 04/01/2017

TOTAL CONTRACT SIZE: US$380,000
UNREALISED VALUE (LOSS) OF POSITIONS: -US$3859

~'QE' stimulus target US$1 Million balance sheet. No set deadline and not affected by Fed balance sheet reduction schedule.

------------------------------------------------------------
PROFIT & LOSS (REALISED) 2017

30/06/16 - 30/06/17: [2016 ROI 27.61%: S$4003.67]
31/07/17: S$1264.09
31/08/17: S$5806.60
25/09/17: S$3602.71 <-Data for the busybodies

~17 trading days till date for month of Sep 2017.
____________________________________________________________

 

[Mr.Canberra]

Good luck... Dun looks good

Thanks. I can hold very long. No worries.

Stocks and bonds can go to zero but not Forex.

 

[awful999]

swee, NU break down around 0.72!! re-add the short position this afternoon help me to gain some back

 

[tiertime]

dint notice that NZD spread is 2.0

 

[awful999]

dint notice that NZD spread is 2.0

You using Philip ? Yes Philip is about 2, PS is 0.4

 

[Mr.Canberra]

You using Philip ? Yes Philip is about 2, PS is 0.4

You can convert from Phillip FX 365 to Phillip MT5 platform for better spreads. Positions must be liquidated first before conversion.

 

[Knight_Rider]

swee, NU break down around 0.72!! re-add the short position this afternoon help me to gain some back

R1 coming careful prata

 

[awful999]

You can convert from Phillip FX 365 to Phillip MT5 platform for better spreads. Positions must be liquidated first before conversion.

only slightly better still far from PS 0.4
if you scalp a lot may be should consider PS

 

[Mr.Canberra]

only slightly better still far from PS 0.4
if you scalp a lot may be should consider PS

Of course commission accounts will have better spreads.

My high frequency trading will pay commission until siao haha.

August trading turnover volume is US$20 Million.

By the way market prataing. US Indices turning green. New York traders lip lai liao!