*Official* Forex Trading thread.

[Mr.Canberra]

Gold

oh dont notice that UOB open on Saturday for Gold too.

china doing this, that mean world not stable/uncertain, gold will shoot up, stock market crash ....

Yes this sort of news and geopolitical crisis is always positive for gold and oil.

Trump is master of volatility. China must be very dulan over the phone call between Trump and Taiwan's president. Singapore also kena because open legs for US ships.

Cannot imagine when Trump takes office. Will chut even more pattern and tweets!

 

[Daimon]

Yes this sort of news and geopolitical crisis is always positive for gold and oil.

Trump is master of volatility. China must be very dulan over the phone call with between Trump and Taiwan's president.

Cannot imagine when he takes office. Will chut even more pattern and tweets!

Guess USD is temp down for next few days.

 

[Mr.Canberra]

Guess USD is temp down for next few days.

Hard to say. Must see how it plays out over the weekend. CNN waiting for such opportunities to stir liao haha.

Before closing maybe can place a USD/JPY limit stop buy order at ¥115-116 for Monday's opening.

 

[Daimon]

Hard to say. Must see how it plays out over the weekend. CNN waiting for such opportunities to stir liao haha.

Algo reading news..... Kekekekeke

 

[Mr.Canberra]

Algo reading news..... Kekekekeke

Yes the damn Algos can be good or bad factor depending on which side your bet is on.

 

[Average]

aiyo mkt closed... WTI open trades to be carried

Sent from 穷小子 using GAGT

 

[xersion]

aiyo mkt closed... WTI open trades to be carried

Sent from 穷小子 using GAGT

Nvm... Opening will chiong...

Sent from OPPO X9079 using GAGT

 

[Mr.Canberra]

WTI Crude Oil

aiyo mkt closed... WTI open trades to be carried.

Nvm... Opening will chiong...

When you carry trade for WTI Crude Oil. Do you pay or receive swap interest for SHORT or LONG positions? Thanks.

Personal opinion is $49 region is quite safe if going LONG in current situation.

Still feeling damn bang balls for not closing USD/JPY position at midnight when I had a chance to. Later going to Johor Bahru to de-stress.

 

[Daimon]

When you carry trade for WTI Crude Oil. Do you pay or receive swap interest for SHORT or LONG positions? Thanks.

Still feeling damn bang balls for not closing USD/JPY position at midnight when I had a chance to. Later going to Johor Bahru to de-stress.

3 hours queue. Siao leh....

USD position for 119 next week

 

[Average]

When you carry trade for WTI Crude Oil. Do you pay or receive swap interest for SHORT or LONG positions? Thanks.

Personal opinion is $49 region is quite safe if going LONG in current situation.

Still feeling damn bang balls for not closing USD/JPY position at midnight when I had a chance to. Later going to Johor Bahru to de-stress.

yes

Sent from 穷小子 using GAGT

 

[Mr.Canberra]

3 hours queue. Siao leh....

USD position for 119 next week

Cross border quick or slow is heng sway and depends on timing.

 

[Mr.Canberra]

WTI Crude Oil

yes

That means if LONG you receive sway interest. If SHORT you pay swap interest?

 

[Mr.Canberra]

Commodity Rollover Information & Calculation

http://www.avatrade.ru/resources/pdf/commodity-rollover-information.pdf

Formula used by AVA for calculating a Rollover Charge:
(Amount x (New Contract Price – Old Contract Price)) + (Spread Costs*) + (Overnight Premium Costs)
*Spread Costs are calculated based on Market Spreads at the time of the Rollover Calculation.

General Rule of Thumb:
New Price < Old Price = Credit for Long Positions / Debit for Short Positions
New Price > Old Price = Debit for Long Positions / Credit for Short Positions

Example 1
For a 10 barrel Crude Oil Trade, with a Market Price of $98.50 and a Difference in Contracts of +50 Pips ($0.50),
the calculation is as follows:
Long Position: (10 x -0.50) + (-0.04 x 10) + ((10 x 98.50 x -0.002 x 1)/360)) = -5.00 + (-0.40) + (-0.01) = -$5.41
Short Position: (10 x +0.50) + (-0.04 x 10) + ((10 x 98.50 x -0.002 x 1)/360)) = 5.00 + (-0.40) + (-0.01) = +$4.59

Example 2
For a 1 bushel Soybean Trade, with a Market Price of $1450 and a Difference in Contracts of -6,000 Pips (-$60),
the calculation is as follows:
Long Position: (1 x +60.00) + (-1.25 x 1) + ((1 x 1450 x -0.0025 x 1)/360)) = 60.00 + (-1.25) + (-0.01) = +$58.74
Short Position: (1 x -60.00) + (-1.25 x 1) + ((1 x 1450 x -0.0025 x 1)/360)) = -60.00 + (-1.25) + (-0.01) = -$61.26

 

[Mr.Canberra]

Futures Trading

Commodities rollover swap interest calculation same as Forex. Must diversify a bit.

 

[treeskull]

Sent from 你是我的小啊小苹果儿怎么爱你都不嫌多红红的小脸儿温暖我的心窝点亮我生命的火火火火火火 using GAGT

 

[Mr.Canberra]

Hahaha so fast up lorry liao!

 

[xersion]

That means if LONG you receive sway interest. If SHORT you pay swap interest?

Long u pay, short u receive

Sent from OPPO X9079 using GAGT

 

[awful999]

Someone trade till siao liao, so the story tell me, if want to trade also need to enjoy life and relax, if not will end up like a hater or siao lang...haha

 

[awful999]

When you carry trade for WTI Crude Oil. Do you pay or receive swap interest for SHORT or LONG positions? Thanks.

Personal opinion is $49 region is quite safe if going LONG in current situation.

Still feeling damn bang balls for not closing USD/JPY position at midnight when I had a chance to. Later going to Johor Bahru to de-stress.

Me too lah bro, miss the chance andstuck with open position now, now I relax in library haha

 

[Mr.Canberra]

Me too lah bro, miss the chance and stuck with open position now, now I relax in library haha

Really face palm! Yes some more it is at midnight the price will U-Turn. Same as previous night. This is a good timing to exploit. Let us explore this coming week.

If you are at the Bras Basah branch try the Bloomberg Terminal. Bloomberg Terminal costs a bomb if you want to subscribe.