*Official* Forex Trading thread.

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ChiuSiaoRiao

ChiuSiaoRiao

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ChiuSiaoRiao said:
Hi guys, i am newbie here on IG trading platform. just started traded few days ago. super small trader here just to earn few bucks and learn before increasing. GPGT my open position so that i can join the chat sometime and learn more zai kia like you all. :D:D

jqYjBsO.jpg
Click to expand...

finally manage to get the image up.

can i ask usually how many pips you guys target for take profit and cut loss?
 
awful999

awful999

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ChiuSiaoRiao said:
finally manage to get the image up.

can i ask usually how many pips you guys target for take profit and cut loss?
Click to expand...

wa huat liao, welcome welcome

Quote: Mr Canberra
RISK MANAGEMENT
Low risk appetite: Place stop loss at 10 pips.
Medium risk appetite: Place stop loss at 20-30 pips.
High to extreme risk appetite: Place stop loss from 50 pips to no stop loss.
 
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meltan1990

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ChiuSiaoRiao said:
finally manage to get the image up.

can i ask usually how many pips you guys target for take profit and cut loss?
Click to expand...


it really depends on the time frame u r entering bah.

eg if u think u need a bigger SL placing at a swing low/high, then u just have to reduce your lot size based on your risk/budget
 
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meltan1990

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meltan1990 said:
Hi all

been trading fx for a while now and i was reading this thread.

Hope to contribute something here and learn from every one too.

just entered:

Buy GBP/JPY @ 145
TP1: 146
SL : 144

usually i will set first TP1 and no fix TP2 to let it run
Click to expand...


Closed with loss @ 144.80. price cant seem to hold above 145.50
 
Mr.Canberra

Mr.Canberra

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neoartz said:
Yeah.. all trading sideline. not much upside haha

Haha can sleep early.. tonight all the traders having hangover :s13:
Click to expand...

Tongkat Ali Kopi not strong enough haha. :s13:

Once London session ends at 12:30am we can close shop liao! :D
 
neoartz

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Mr.Canberra said:
Tongkat Ali Kopi not strong enough haha. :s13:

Once London session ends at 12:30am we can close shop liao! :D
Click to expand...

Bulls are still having hangover.. oh well hope tomorrow will be a better day :s13: Preparing to close shop liao :s22:
Realised gains for today is 40pips. enough for me to jiak bar chor mee :s13:. big thanks to the market lol
 
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Mr.Canberra

Mr.Canberra

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neoartz said:
Bulls are still having hangover.. oh well hope tomorrow will be a better day :s13: Preparing to close shop liao :s22:

Realised gains for today is 40pips. enough for me to jiak bar chor mee :s13:. big thanks to the market lol
Click to expand...

EUR/USD and EUR/JPY suddenly steep plunged again. Many invisible hands manipulating EUR. :s13:

You guys go see the charts. Fast and furious. Damn hiong! :D
 
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