*Official* Forex Trading thread.

  • Need someone to talk to?
    Feeling down, anxious and need help? Mental Health Helpline: 6389-2222 (24 hours) More info
Status
Not open for further replies.

awful999

Supremacy Member
Joined
May 1, 2008
Messages
5,899
Reaction score
0
while typing, USDSGD drop to 1.441 from 1.445, hmm...chance to kio 1.44 coming ?
 

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,859
Reaction score
2,884
USD/SGD

ya, I think MAS will doing something when USDSGD hit 1.45, same as last two week right ? when hit 1.45, MAS come in and correct back to 1.43 ?

This one hard to say as MAS usually do not respond to media. Lately Bloomberg got ask MAS about the weak SGD and whether will intervene or not. MAS did not respond.

The correction to 1.43 was in line with other currencices which gain against the USD as well. Only that 2 days (5-6/01/2107) US Dollar Index was slightly weaker. After the NFP data came out on Friday, US Dollar Index got stronger. Asia's session USD rally is a lag and continuation effect for that data release.

that why just now I saw dipping, I clear my mini lot in Philip to lock in profit and left only oanda long USDJPY

Hahaha you getting more and more pro liao! :s13:
 

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,859
Reaction score
2,884
USD/SGD

while typing, USDSGD drop to 1.441 from 1.445, hmm...chance to kio 1.44 coming ?

Personally 1.44X is not a good price to enter for LONG position. You will be chasing the high which is a not to do task from my 2017 strategy comes to mind. :D

Maybank Kim Eng analyst make a call of 1.426 pullback for buying on dips. 1.42X region is safer. Also depends your strategy is short, mid or long term.

If it is just intraday trading then any price also can hoot. Also if no stop loss your position may get stucked for a long time like me. :D
 
Last edited:

awful999

Supremacy Member
Joined
May 1, 2008
Messages
5,899
Reaction score
0
Personally 1.44X is not a good price to enter for LONG position. You will be chasing the high which is what my 2017 strategy comes to mind. :D

Maybank Kim Eng analyst make a call of 1.426 pullback for buying on dips. 1.42X region is safer. Also depends your strategy is short, mid or long term.

If it is just intraday trading then any price also can hoot. Also if no stop loss your position may get stucked for a long time like me. :D

now i am thinking to keep one mid term and one short term, so may be short term micro lot (oanda), mid term mini lot (philip), or the other way better ?:s13:
 

Average

Banned
Joined
Apr 14, 2012
Messages
28,980
Reaction score
279
still got chance ABCD to 115 *shy*
oyKQJKFl.png
 

awful999

Supremacy Member
Joined
May 1, 2008
Messages
5,899
Reaction score
0
This one hard to say as MAS usually do not respond to media. Lately Bloomberg got ask MAS about the weak SGD and whether will intervene or not. MAS did not respond.

The correction to 1.43 was in line with other currencices which gain against the USD as well. Only that 2 days (5-6/01/2107) US Dollar Index was slightly weaker. After the NFP data came out on Friday, US Dollar Index got stronger. Asia's session USD rally is a lag and continuation effect for that data release.



Hahaha you getting more and more pro liao! :s13:

no lah bro, still learning and trying out ways, only two month here. but must thank bro like you and other for the advice :s13:

btw, long time never see bro Neo, still holiday ?
 

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,859
Reaction score
2,884
I think this thread can move into the 'Casino, IR and Lottery' folder liao hahaha! :s13:
 

Mr.Canberra

Arch-Supremacy Member
Joined
May 22, 2014
Messages
10,859
Reaction score
2,884
huh, no leh :s13:, this is so much better then casino, we can control and manage our bet but not casino ..

Forex folder must have sub category threads.

'With Stop Loss'
'No Stop Loss (Enter at own risk!)' :s13:
'Scalping/FIFO'
'Asia Session'
'London Session'
'New York Session'
'Trading Holidays, Horse Race Date/Time'
'Brokerage List'
'Swap Interest/Rollover'
 
Last edited:
Status
Not open for further replies.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top