*Official* Forex Trading thread.

[Mr.Canberra]

Last week a bad week for me haha, due to greed, keep chasing high and higher on UJ, end up kena blue black now, but lucky only lost the profit make from previous week , have to look forward now after his lesson learnt...

Last week the pullback damn fierce. The USD weakness is putting pressure on my stucked positions.

Only one winner. My USD/SGD short position recovering. 1.36002 to break even. 85 pips more to go.

 

[Mr.Canberra]

Yup I am doing million dollar trades (10 lots), scalping at few hundreds a day... ya I really playing too big for a newbie. I Guess I was addicted to beginner luck.

I usually post losing trades here only, but I did win enough to take this loss though it means all that month effort went down the rain.

I just closed out the 3 lots I had for a small profit. Maybe time to rest before my next one.

Wow damn hiong! Your broker earn the spread commission until BLC!

You guys do not do rollover for months on end like me so the stops sure triggered if placed too tight. The big pullback caught everyone off guard indeed.

If you do a carry trade that is gaining interest you can perpetually keep the position open for years haha! Eg. USD/JPY long position.

 

[Jedihan]

Wow damn hiong! Your broker earn the spread commission until BLC!

You guys do not do rollover for months on end like me so the stops sure triggered if placed too tight. The big pullback caught everyone off guard indeed.

If you do a carry trade that is gaining interest you can perpetually keep the position open for years haha! Eg. USD/JPY long position.

My positions at most 3-4 days. Yes I am super hiong person that plays for fun. It is no wonder that my broker sends me mooncake.

I usually queue multiple levels and wait to hit and then hold for the reverse. Downside is mega events like this kill me where all the 10 levels hit and I die a horrible death, panic and cut.

Anyway I am just a reckless gambler that comes here to get inspired

 

[Mr.Canberra]

My positions at most 3-4 days. Yes I am super hiong person that plays for fun. It is no wonder that my broker sends me mooncake.

I usually queue multiple levels and wait to hit and then hold for the reverse. Downside is mega events like this kill me where all the 10 levels hit and I die a horrible death, panic and cut.

Anyway I am just a reckless gambler that comes here to get inspired

Hahahahaha no wonder your broker send you mooncake sia! My broker did not even send me a char siew bao.

Your punting style is like digging 10 different trenches (lots) to trap the enemy at different terrain height. But the enemy sometimes broke all 10 barriers with quick spike or plunge and continue to march north or south without turning back. Like that sibei sway liao.

This is how some of my mini lot positions got stucked for months or even close to a year then can recover. I can hold it out because even if it ran off to 2000 pips. It is only US$2000. But your 10 lots (US$ 1 Million) cannot tahan such a huge run off.

US$1 Million contract. 1 pip = US$100. 1000 pips = US$100,000. Walan eh sibei siong sia haha! Heart must be more stronger than Muhammad Ali the boxer!

http://www.mirror.co.uk/news/world-news/muhammad-alis-heart-would-not-8115542

"All of his organs failed but his HEART wouldn't stop beating.

"For 30 minutes...his heart just kept beating.

"No-one had ever seen anything like it.

"A true testament to the strength of his Spirit and Will!

If I were you I will also chicken out and cut loss! You may want to consider risk management to enhance your trading style. With Forex and Futures you can leverage up. Now I know why you did not hoot RWS or MBS instead.

 

[marknewlife]

Last week the pullback damn fierce. The USD weakness is putting pressure on my stucked positions.

Only one winner. My USD/SGD short position recovering. 1.36002 to break even. 85 pips more to go.

moi is too chicken to short usdsgd today. regretted.

 

[marknewlife]

hi all,

what is the outlook for aud/sgd in the next 3 months?

cross pair siol

 

[Mr.Canberra]

EUR/USD

EUR/USD approaching 1.15.

 

[marknewlife]

EUR/USD approaching 1.15.

reversal!

Yellen bail out?

 

[Mr.Canberra]

NZD/USD

The sudden plunge this morning helped to close my stucked NZD/USD short position with US$55.10 KFC profit. 人算不如天算!

Shorted one standard lot again at 0.73306.

 

[happy.milk]

Eur/USD chiong up again.



Sent from Samsung SM-G930F using GAGT

 

[Mr.Canberra]

EUR/USD

Eur/USD chiong up again.

Last night my call is it will break 1.15 barrier soon. Zhun call.

It will try to test 03/05/2016 high of 1.16 or 24/08/2015 high of 1.17. Slowly but surely!

Top side tapering off soon. So those chasing the high take note.

 

[marknewlife]

Last night my call is it will break 1.15 barrier soon. Zhun call.

It will try to test 03/05/2016 high of 1.16 or 24/08/2015 high of 1.17. Slowly but surely!

Top side tapering off soon. So those chasing the high take note.

standby

 

[Mr.Canberra]

Lousy Trading Week

Very hard to trade in Asia session lately ever since Yellen jie jie's testimony. Usually any how hantum also can recover easily and make some easy lunch money for Cai Png (3 Meat/2 Vege) + Kopi-O.

Not easy to scalp for KFC profit even more so for Din Tai Fung profit liao.

Today I am officially back to my trading desk. Can analyse in depth and less distraction.

Hope everybody have a good huat week ahead!

 

[Mr.Canberra]

USD

I smell a conspiracy sia. Big boys want to trap unsuspecting investors that the USD fall is a one way traffic. The selling is getting more intensified!

USD/SGD is now at a low of 1.36566! I am 62 pips away from breaking even. This is why I say the trap is set and going to U-Turn soon once my position recover as that was my stucked level since 9.5 months ago on 04/10/2016 haha!

This is my longest stucked position besides GBP/USD which I cut lost some time back.

NO STOP LOSS STRATEGY.

Who wants to challenge me especially pro course trainers. LOL.

 

[HerbalTeaSeller]

I smell a conspiracy sia. Big boys want to trap unsuspecting investors that the USD fall is a one way traffic. The selling is getting more intensified!

USD/SGD is now at a low of 1.36566!

UJ still defending the 112 level.

 

[marknewlife]

hi all,

what is the outlook for aud/sgd in the next 3 months?

it has been ranging for a few months as far as i remb.

paging mr canberra and all experts
your views?

 

[marknewlife]

eurusd up up ups!
comon 1.16

 

[HerbalTeaSeller]

hi all,

what is the outlook for aud/sgd in the next 3 months?

will rally to 1.18681

 

[Mr.Canberra]

EUR/USD

Last night my call is it will break 1.15 barrier soon. Zhun call.

It will try to test 03/05/2016 high of 1.16 or 24/08/2015 high of 1.17. Slowly but surely!

Top side tapering off soon. So those chasing the high take note.

eurusd up up ups!
comon 1.16

EURO-DOLLAR: Touches $1.1563, achieving the short term tech target at $1.1562 (1.618% swing projection of the recent pull back from $1.1489 to $1.1371). Rate currently trades around $1.1557. With corrective pullbacks remaining very shallow seen keeping focus on the topside seen from $1.1585 through to $1.1600, with tech traders highlighting the May 3, 2016 high at $1.1616.

Haha my EUR/USD call very zhun. Even pro traders say 1.16 is coming. Some more reference date exactly same as mine! Kanasai how come I am not making Din Tai Fung profits everyday?

Too bad I have phobia with anything that is European. Don't touch better.

 

[Mr.Canberra]

AUD/USD

it has been ranging for a few months as far as i remb.

paging mr canberra and all experts
your views?

AUD is bullish for now.

I mainly monitor USD pairs but AUD/USD is very correlated to AUD/SGD. Spread for AUD/SGD pair is quite lousy so never touch.

AUD/USD should be touching 0.8 soon. Not good news for me as I have a stucked AUD/USD short position.