*Official* Forex Trading thread.

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Mr.Canberra

Mr.Canberra

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Forex Scoreboard (Realised Gains)

13/12/2016
NZD/USD +13.2 pips
USD/CAD +4.64 pips

Heng arh managed to close USD/CAD position just 2 minutes before US markets end. :s13:

US$17.84 x 1.42 = S$25.33

8.44 x cai png meals costing S$3.00 (2 meat + 1 vegetable) each covered. :D
 
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Clock

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Mr.Canberra said:
13/12/2016
NZD/USD +13.2 pips
USD/CAD +4.64 pips

Heng arh managed to close USD/CAD position just 2 minutes before US markets end. :s13:

US$17.84 x 1.42 = S$25.33

8.44 x cai png meals costing S$3.00 (2 meat + 1 vegetable) each covered. :D
Click to expand...

everyday positive! shoot and run tactic!
 
ChiuSiaoRiao

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My closed trade for this week so far!

fzWHiIZl.jpg


Sent from Asus ASUS_Z00AD using GAGT
 
C

Clock

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Mr.Canberra said:
No stop loss of course positive gains! :s12:

But with unrealised loss currently at -2048 pips. :s13:

Who is staying up till 3am for blockbuster event? :D
Click to expand...

hahahahaha!

i gather that. currently -$800 on my profile too.
Slowly claw my way back.
 
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meltan1990

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Mr.Canberra said:
No stop loss of course positive gains! :s12:

But with unrealised loss currently at -2048 pips. :s13:

Who is staying up till 3am for blockbuster event? :D
Click to expand...


I will be around...

but gt a feeling that whatever the initial direction of move will be reversed subsequently.
 
Mr.Canberra

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FOMC Meeting (14/12/2016)

Clock said:
hahahahaha!

i gather that. currently -$800 on my profile too.
Slowly claw my way back.
Click to expand...

Hahaha we belong to the same NO STOP LOSS CLUB! :s13:

meltan1990 said:
I will be around...

but gt a feeling that whatever the initial direction of move will be reversed subsequently.
Click to expand...

I agree! The trend direction will probably be similar to the US Presidential Election event.
 
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alexchia01

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Mr.Canberra said:
Hahaha we belong to the same NO STOP LOSS CLUB! :s13:

I agree! The trend direction will probably be similar to the US Presidential Election event.
Click to expand...

No stop loss is dangerous.

It only take one black swan event to wipe you out.

You can recover today is because there is no such event.

Remember the event where Swiss Franc unpegged from Euro in Jan 2015.

Swiss Franc was in a nice down trend and it jumped 30% suddenly after the announcement.

There is no warning, no time to think and react.

People who has stop loss, exit with limited loss.

People who has no stop loss, got wipe out.

You must know that stop loss is to protect your capital. It is like your safety-belt. Yes, it's restrictive and most of the time, felt unnecessary. But when an accident occurs, it can save your life.
 
Mr.Canberra

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alexchia01 said:
No stop loss is dangerous.

It only take one black swan event to wipe you out.

You can recover today is because there is no such event.

Remember the event where Swiss Franc unpegged from Euro in Jan 2015.

Swiss Franc was in a nice down trend and it jumped 30% suddenly after the announcement.

There is no warning, no time to think and react.

People who has stop loss, exit with limited loss.

People who has no stop loss, got wipe out.

You must know that stop loss is to protect your capital. It is like your safety-belt. Yes, it's restrictive and most of the time, felt unnecessary. But when an accident occurs, it can save your life.
Click to expand...

Thanks for the input. I am GBP flash crash survivor in October 2016 as I always maintain ample margin for black swan events. :s13:

By the way when black swan events happen. Having a stop loss also no use as slippage may/will happen. Unless you have a guaranteed stop loss account which has a commission. Many traders got wiped out during the GBP flash crash and in numerous cases stop loss was not triggered.

A 50% used margin account can easily survive a 30% spike or plunge. I will always try to maintain used margin below or at 50%. Unless hypothetically if one day North Korea ki siao launch nuclear missile to Hawaii then resulting USD to plunge 80% then I lan lan lah hahahaha! :D
 
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Mr.Canberra

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EUR/USD

EUR/USD plunging fast and furious! One steep curve of continuous red candles! :eek:
 
Mr.Canberra

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UOB Gold Price

Rate as at Wednesday, 14 December 2016

Description Currency Unit Bank Sells Bank Buys
ARGOR CAST BAR SGD 100 GM 5,393.00 (+20.00) 5,313.00 (+20.00)
CAST BARS SGD 1 KILOBAR 53,423.00 (+194.00) 53,149.00 (+194.00)

My dream is to buy the Cast Bar (1 Kilobar) and hold in hand. :D
 
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awful999

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Mr.Canberra said:
Rate as at Wednesday, 14 December 2016

Description Currency Unit Bank Sells Bank Buys
ARGOR CAST BAR SGD 100 GM 5,393.00 (+20.00) 5,313.00 (+20.00)
CAST BARS SGD 1 KILOBAR 53,423.00 (+194.00) 53,149.00 (+194.00)

My dream is to buy the Cast Bar (1 Kilobar) and hold in hand. :D
Click to expand...

Is my dream too to own a 1kg gold bar on my hand,currently can only use to 1kg silver to dream of it is gold bar, haha
 
neoartz

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Haha 1kg bar damn shiok sia.. hehe i slowly accumulate lol. Not enough $$ to whack 1kg bar

Mr.Canberra said:
Rate as at Wednesday, 14 December 2016

Description Currency Unit Bank Sells Bank Buys
ARGOR CAST BAR SGD 100 GM 5,393.00 (+20.00) 5,313.00 (+20.00)
CAST BARS SGD 1 KILOBAR 53,423.00 (+194.00) 53,149.00 (+194.00)

My dream is to buy the Cast Bar (1 Kilobar) and hold in hand. :D
Click to expand...
 
Mr.Canberra

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Precious Metals

awful999 said:
Is my dream too to own a 1kg gold bar on my hand,currently can only use to 1kg silver to dream of it is gold bar, haha
Click to expand...

"What if that dream comes true?" -Jack Ma :s13:

Take out S$50K plus is damn xiong. Can use as downpayment for HDB flat or worth half a BTO 2-Room flat! :eek:

In recent times the lowest price for gold kilobar was S$47,979 on 03/12/2015.

neoartz said:
Haha 1kg bar damn shiok sia.. hehe i slowly accumulate lol. Not enough $$ to whack 1kg bar
Click to expand...

1 Kilobar is damn shiok as the spread loss is the least compared to the smaller weightages. :D
 
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