*Official* Forex Trading thread.

[Mr.Canberra]

USD/CHF

Finally my stucked short USDCHF can see light after 2 days.

Provided data is positive.

My USD/CHF long position also stucked for 2 days already. We got caught by the sudden plunge due to safe haven buying. Need the risk off mood to subside for recovery.

As for USD/SGD the good GDP numbers helped to bring down the rate to 1.36218 at intraday low. The power of increasing water price? Haha.

 

[xUnknownzZz]

Yalor, unless I release my position now to earn some cai png profit to stay safe.
Still thinking

Provided data is positive.

My USD/CHF long position also stucked for 2 days already. We got caught by the sudden plunge due to safe haven buying. Need the risk off mood to subside for recovery.

 

[Mr.Canberra]

NZD/USD

I think my NZD/USD long position at 0.730031 got hope can recover by tonight. It broke into 0.729X range three times since yesterday.

USD/CHF I think have to see next week liao.

NZD/USD -12 pips
USD/CHF -97 pips

 

[Mr.Canberra]

LONDON TRADERS JIN STEADY! ALWAYS SAVE MY HIGHLY LEVERAGED ARSE HAHA!

By end of this year I plan to open US$1 Million worth of contracts. NO STOP LOSS!

Need to leverage by taking loan against my insurance policy or borrow money from offshore bank against my holdings as collateral.

 

[Mr.Canberra]

NZD/USD

Jin excited they want to burst NZD/USD now!

NZD/USD -10 pips
USD/CHF -98 pips

 

[Mr.Canberra]

All so quiet sia! Waiting for weekly blockbuster event later?

NZD/USD -27 pips
USD/CHF -108 pips

 

[subprimelive]

CONFIRM, STAMP AND CHOP! When the wind comes it will catch your unaware! 'Invisible hand' always appears around 3-4pm or 7-8pm.

Should be 'invisible hand' as they push for one hour liao. You put in buy order now sure huat. This is free money!

Meeting some resistance at 7:56 and 7:57pm now. But their bullet gao gao. Shortists sure lose!

Invisible hand means large liquidity?
Does it correspond to market opening of europe or america markets so large inflow of funds?

 

[Mr.Canberra]

Invisible hand means large liquidity?

Does it correspond to market opening of europe or america markets so large inflow of funds?

In general 'invisible hand' is referring to certain central banks which may intervene the market from time to time.

PBOC is the most satki 'invisible hand'. Every day intervene by fixing mid point rates.

Number 1 rule is never go against the 'invisible hand' if you do not wish your trading account to go burst! George Soros tried to short CNH but he failed hahahahahaha!

 

[lovesleeping1981]

In general 'invisible hand' is referring to certain central banks which may intervene the market from time to time.

PBOC is the most satki 'invisible hand'. Every day intervene by fixing mid point rates.

Number 1 rule is never go against the 'invisible hand' if you do not wish your trading account to go burst! George Soros tried to short CNH but he failed hahahahahaha!

How do you tell the invisible hand is working? Sudden drop or rise of 50 pips thereabout in minutes?

 

[xUnknownzZz]

Thanks to the bad data that my short usdchf and usdsgd become positive

 

[lovesleeping1981]

Thanks to the bad data that my short usdchf and usdsgd become positive

Oh so that big movement just now was news triggered?

 

[lovesleeping1981]

That big movement placed me in negative $700. Waiting for it to retract now.

 

[lovesleeping1981]

Thanks to the bad data that my short usdchf and usdsgd become positive

Then u better quickly close that trade. I think it's retracting.

 

[xUnknownzZz]

Yep closed!

Then u better quickly close that trade. I think it's retracting.

 

[Mr.Canberra]

NZD/USD

I think my NZD/USD long position at 0.730031 got hope can recover by tonight. It broke into 0.729X range three times since yesterday.

USD/CHF I think have to see next week liao.

Huat arhhh NZD/USD sell limit order 0.73075 triggered with US$79.09 KFC profit. The winning streak continues for the 10th consecutive trading day!

 

[Mr.Canberra]

USD/CHF

Heng man lucky have ample margin. Just now USD/CHF crashed badly but now return to pre-data levels.

 

[Mr.Canberra]

How do you tell the invisible hand is working? Sudden drop or rise of 50 pips thereabout in minutes?

Takes experience to tell. It helps if you have trader data news stream service.

Normal intervene do not cause the price movement to spike or plunge with just only 50 pips. It will climb or dip with a consistent steep curve in one way direction usually in a few hours duration.

When a currency is pegged or unpegged against another major currency. Only then it will spike or plunge in the range of hundred or thousand pips!

Oh so that big movement just now was news triggered?

You need to do your home work before you trade. Forex/Futures are the hardest instrument to trade. Too many factors to consider.

 

[lovesleeping1981]

Heng man lucky have ample margin. Just now USD/CHF crashed badly but now return to pre-data levels.

Ya man. I think any decent stoploss also will get triggered by that move.

 

[Mr.Canberra]

NZD/USD

In a dilemma as don't know to long or short NZD/USD now.

RSI not oversold condition yet. Will put in a buy at 10:00pm sharp.

 

[lovesleeping1981]

You need to do your home work before you trade. Forex/Futures are the hardest instrument to trade. Too many factors to consider.

I think there's too much news to keep track so I don't keep track at all.

I just keep enough margin and don't put stoploss like u. Though there is still a stoploss which is when trade loses 50% of capital then oanda will close the trade for me.