*Official* Forex Trading thread.

[xersion]

25k is the contact size, the margin needed is 1K plus

My current size is 5-10k only... Lolx

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[awful999]

My current size is 5-10k only... Lolx

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because you have a bigger investment in property

 

[xersion]

because you have a bigger investment in property

No lah... Play small small for coffee money only... Play 25k size have to glue the eyes on computer

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[awful999]

USDJPY
So many spike up and down this morning...but never hit my tp haha

 

[xersion]

USDJPY
So many spike up and down this morning...but never hit my tp haha

Oanda sleeping mode.... Later go Jb eat kfc

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[Knight_Rider]

Oanda sleeping mode.... Later go Jb eat kfc

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wah still scared leh

 

[xersion]

wah still scared leh

Scare no eat, eat no scare... Lolx..

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[Mr.Canberra]

Scare no eat, eat no scare... Lolx..

Haha jiak Malaysia KFC again. Shiok!

Today Forex market is open but dead town inside.

 

[Mr.Canberra]

USD/CHF

I put a super low ball limit buy order for USD/CHF at 0.99244 just for fun.

See if tomorrow wake up will tio lottery or not.

Also this year will cut down on direct Forex exposure as Trump coming into office soon. Doing some minor overhaul in my strategy.

FUNDAMENTAL PLAYS ON FOREX, GOLD, STI/HSI STOCKS 2017

1) Buy at 52 week range lows.
2) LONG positions only.
3) Do not keep chasing higher highs (LONG) or lower lows (SHORT). Eg. USD/JPY approaching 52 week range high at ¥121.XX soon.
4) Walk away from a bad deal. No value no buy. Many high yield HSI counters from 5% onwards. Hold HKD based counters = huat along with USD appreciation (long term).

 

[Mr.Canberra]

You guys can go take a look at the charts of all major currency pairs. The shape of the chart is like a staircase. Hahaha robots trading against robots really tio pawn!

 

[Knight_Rider]

My New Year Resolution is very simple. No 50 pip no close. As usual no Stop loss because I dun take losses. Need to improve my human martingale against robots.

 

[Knight_Rider]

USDJPY
So many spike up and down this morning...but never hit my tp haha

Should hit now.

 

[aKaGiz]

Which pairs you play for martingale strategy? I would think ranging pairs are better?

 

[awful999]

Should hit now.

My onada hit but today no trading haha, Philip still not hit yet..

 

[Knight_Rider]

Which pairs you play for martingale strategy? I would think ranging pairs are better?

Aussie kiwi audjpy usdcnh. Those with positive swaps and all time high/low I'll be keen.

 

[Knight_Rider]

My onada hit but today no trading haha, Philip still not hit yet..

I though you long at SL should hit TP liao. I miss the 116 support.

 

[awful999]

I though you long at SL should hit TP liao. I miss the 116 support.

oh that just one contact long last week when close to 116 but already out at 30 pips profit..i still hold some at 117.4 to 117.6 level

 

[Knight_Rider]

oh that just one contact long last week when close to 116 but already out at 30 pips profit..i still hold some at 117.4 to 117.6 level

The swap more then your profit lol You know I'll keep the 116 and clear the 117.4 if I were you.

 

[awful999]

The swap more then your profit lol You know I'll keep the 116 and clear the 117.4 if I were you.

Philip cannot clear by selective contact I think, so I have no idea how they work out, first in last out or first in first out.

For onada, I can chose which contact to close..

 

[Mr.Canberra]

USD/JPY

Philip cannot clear by selective contact I think, so I have no idea how they work out, first in last out or first in first out.

For Phillip trading account the order price will average out with the no of multiple orders you have placed.

So in your case your break even price is ¥117.5. It will reflect on the chart automatically. You can close position per mini lot or lump all positions together.

That is why I have since stopped opening multiple positions with same currency pair. 2 reasons.

1) Confusion
2) Margin stress

Use a strategy that suits your style. We play mini lot is very stressful man so adopting certain micro lot position strategies may not be suitable. Most people will think that they can break even faster by dollar cost averaging. Haha but they forgot they are playing with margin. Your account will burst first when your bet continues to be wrong. Hope you know what I mean.

I am sharing with everyone my experience that I fine tuned over the months. If I play micro lot I can dare say opening multiple positions with same currency pair to punt is peanuts. 10 micro lots = 1 mini lot.

1 Micro Lot = US$1000
1 Mini Lot = US$10,000
1 Standard Lot = US$100,000