*Official* Forex Trading thread.

[Mr.Canberra]

US REDBOOK

Good morning to those in US time zone. Huat arhhh!

US REDBOOK: AUG STORE SALES -0.3% VS JUL THROUGH AUG 5 WEEK
US REDBOOK: STORE SALES +2.7% WEEK ENDED AUG 5 VS YR AGO WK
US REDBOOK: AUG 2017 STORE SALES +2.7% VS YR AGO MO

 

[Mr.Canberra]

USD/CHF

Din Tai Fung profit target hit.

Total gains for today is currently US$125.33 Din Tai Fung profit.

 

[Mr.Canberra]

USD/CHF, NZD/USD

Stucked NZD/USD short position (US$110,000) finally recovered and closed with profit.

Total gains for today is currently US$173.62 Din Tai Fung profit.

 

[awful999]

Din Tai Fung profit target hit.

Total gains for today is currently US$125.33 Din Tai Fung profit.

wa, your winning win so strong pass few days, keep it up.

Just said no income, now income lai liao, thanks to strengthen USD

 

[Mr.Canberra]

wa, your winning win so strong pass few days, keep it up.

Just said no income, now income lai liao, thanks to strengthen USD

Yes when wind come just holster up the sail!

见好就收。Careful of 11pm.

 

[Mr.Canberra]

Now my turn tio stucked liao!

 

[edwardZ]

woah big drop in gold again...today i got double DTF profit range
i need to move out of gold and learn more about other pairings haha

currently still got a stuck GBPUSD -_-

 

[Mr.Canberra]

woah big drop in gold again...today i got double DTF profit range
i need to move out of gold and learn more about other pairings haha

currently still got a stuck GBPUSD -_-

USD shot up at around 10:00pm at the stronger than expected US JOLTs Job Openings JUN data.

About the same time Sichuan have richter scale 7 earthquake!

 

[Mr.Canberra]

Yes when wind come just holster up the sail!

见好就收。Careful of 11pm.

Damn zhun really price prata at 11:00pm.

Tonight I believe have more people huat from the sudden USD strength with price moves exaggerated by thin liquidity.

 

[ctstalin]

Good performance by the USD since nfp

 

[Mr.Canberra]

USD

Good performance by the USD since nfp

Every time when USD switched to bull mode you guys one by one will appear!

 

[ctstalin]

Usd jin useless. Wake up your idea!

Posted with LG-H815 via PCWX

Every time when USD switched to bull mode you guys one by one will appear!

I was also here when USD tanked okays... that day -19k in the red

 

[Mr.Canberra]

I was also here when USD tanked okays... that day -19k in the red

Power lah hoot million dollar contracts haha!

 

[awful999]

I was also here when USD tanked okays... that day -19k in the red

wow, BB

 

[awful999]

Yes when wind come just holster up the sail!

见好就收。Careful of 11pm.

lucky night, Din tai Fang profit in pocket

 

[Mr.Canberra]

USD/CHF, NZD/USD

Scalping NZD/USD while USD/CHF stucked.

Total gains for today is currently US$199.29 Din Tai Fung profit.

Skipped dinner and ate bread instead. Life as a Forex scalper is tough.

 

[sulpice]

mr canberra, wht is yr view on usd movement before and after the next fed rates hike and ecb?

Hi boy. Basic economic fundamentals will tell you that when fed rates increase usd demand increases.

Whether the fed WILL hike rates or not, well, maybe not.

 

[sulpice]

It's not a matter of strong heart, but rather of discipline. It takes more effort to recover from a drawdown than a position of gain.

Personally, I take care of my discipline and let the gains take care of itself. This has worked for me and for most professionals i know, and I would recommend this to newbies. I've also seen quite a few blowups in my life, that's why I posted this.

No offense meant, is my view and experience

I swear to god also, I second this view. A trader can make 20 - 40 winning trades and lose it all in 1 - 2 trades. As a professional, stop loss is required. I just have to put this out there because alot of newbies do read this forum, and I do not want some guy (Yes I acknowledge your experience and achievements and you do have skill) to give people a false hope that you know all about the markets. We only know very little.

One big drawdown can take a long time to recover. And by then, it is scary.

 

[Mr.Canberra]

1:00AM: US TSY 3Y AUCTION

NON-COMP BIDS $50 MLN FROM $24.000 BLN TOTAL

Watch out for correlated Forex moves with bond yields.

 

[Mr.Canberra]

NZD/USD

US TSYS/3Y: The WI 3-year note is bid at 1.531% rate into the 1pm ET auction deadline, according to a broker screen.

US TSY 3Y NOTE AUCTION: HIGH YLD 1.520% (PRV 1.573%); ALLOTMENT 20.36%
US TSY 3Y NOTE AUCTION: DEALERS TAKE 25.79% OF COMPETITIVES
US TSY 3Y NOTE AUCTION: DIRECTS TAKE 10.16% OF COMPETITIVES
US TSY 3Y NOTE AUCTION: INDIRECTS TAKE 64.05% OF COMPETITIVES
US TSY 3Y AUCTION: BID/CVR 3.13 VS PREV 2.87

Opened a NZD/USD long position at 0.73305 immediately after auction ends. Take profit target towards 0.73392 (pivot point).