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 Forex version XVII, Foreign Exchange Market Discussion

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KeroroQ
post Jan 6 2016, 10:59 PM

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QUOTE(LOMOGRAPHER @ Jan 6 2016, 07:15 PM)
Poks and KeroroQ,

Sifu may I know how many percentage you risk and how many perfect of monthly return you look at? Thanks
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% of risk: Depends on the quality of the trade setup and risk:reward, changes all the time but maximum is 3%
Perfect monthly return: what do you mean by perfect? there's no perfection in the market,
there's only skill and risk management, but if you mean consistent and low risk its 5-10% nod.gif

holocauster
post Jan 7 2016, 06:01 AM

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QUOTE(phat_mcjack @ Jan 6 2016, 07:31 PM)
i like  thumbup.gif  biggrin.gif
for sure need higher leverage. the minimum contract for micro acc is 1k (most brokers). so lets say Mr.X deposit $100 then Mr.X will need at least a broker that allows leverage of 1:10, which will then allow Mr.X to open 1 position in the market. But do make sure the margin requirement because using max leverage can easily cause margin call if the trade goes against you.  icon_rolleyes.gif
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Margin call is not the same as stop out?
LOMOGRAPHER
post Jan 7 2016, 08:39 AM

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QUOTE(KeroroQ @ Jan 6 2016, 11:59 PM)
% of risk: Depends on the quality of the trade setup and risk:reward, changes all the time but maximum is 3%
Perfect monthly return: what do you mean by perfect? there's no perfection in the market,
there's only skill and risk management, but if you mean consistent and low risk its 5-10% nod.gif
*
Sorry it's typo. I mean percentage.

Thanks for the info smile.gif happy pippin'
poks
post Jan 7 2016, 08:46 AM

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@Goodboy92

as easy as it looks, it might not easy to implement.
But good learning point.

p/s: he's exposing himself by posting in youtube.

btw the punchline for his video is "Subscribe to us for our new educational Video series"

... i think i know where this headed to
biggrin.gif



@LOMOGRAPHER
i'm no sifu... i merely talk nonsense a lot...
my main target is to maintain my capital, limit my loss... automatically profit will come along..
this is one market that you need to be alert, one move can wipe out a hedge fund's capital.

This post has been edited by poks: Jan 7 2016, 08:49 AM
SUSlowya
post Jan 7 2016, 10:38 AM

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Right now approaching market this way fundamentally:

Strictly Longs: USD, GBP, CHF, CAD, JPY

Strictly Shorts: EUR, AUD, NZD

Technically entering intraday using 5 mins swings, 3 times a day at respectively at Tokyo, London and NY Opens. Only 2 position max at any 1 time. If upcoming major news near open, then use major news as entering timing. Always close all open position at the end of sessions.

Anyone trade the same way?
9kingsir
post Jan 7 2016, 12:14 PM

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QUOTE(poks @ Jan 7 2016, 08:46 AM)
@Goodboy92

as easy as it looks, it might not easy to implement.
But good learning point.

p/s: he's exposing himself by posting in youtube.

btw the punchline for his video is "Subscribe to us for our new educational Video series"

... i think i know where this headed to
biggrin.gif
@LOMOGRAPHER
i'm no sifu... i merely talk nonsense a lot...
my main target is to maintain my capital, limit my loss... automatically profit will come along..
this is one market that you need to be alert, one move can wipe out a hedge fund's capital.
*
one silly move can hurt you... but in order to wipe out your account.. either very bad luck or ignorance..
Goodboy92
post Jan 7 2016, 12:46 PM

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What will happen when our account goes negative? Do we need to pay back? Or go bankruptcy will do?
KeroroQ
post Jan 7 2016, 12:46 PM

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QUOTE(lowya @ Jan 7 2016, 10:38 AM)
Right now approaching market this way fundamentally:

Strictly Longs: USD, GBP, CHF, CAD, JPY

Strictly Shorts: EUR, AUD, NZD

Technically entering intraday using 5 mins swings, 3 times a day at respectively at Tokyo, London and NY Opens. Only 2 position max at any 1 time. If upcoming major news near open, then use major news as entering timing. Always close all open position at the end of sessions.

Anyone trade the same way?
*
I always love your post laugh.gif great view one the market,
With china's current state, strictly shorts on AUD and NZD,
waiting to punch it nod.gif
KeroroQ
post Jan 7 2016, 12:48 PM

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QUOTE(Goodboy92 @ Jan 7 2016, 12:46 PM)
What will happen when our account goes negative? Do we need to pay back? Or go bankruptcy will do?
*
Read the terms stated by the broker, some brokers go after your negative
balance, but you will get margin called before you turn negative laugh.gif
Unless you gamble on News with big lot where the spread widens and kill your positions,
otherwise your won't get negative balance nod.gif
9kingsir
post Jan 7 2016, 07:11 PM

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QUOTE(lowya @ Jan 7 2016, 10:38 AM)
Right now approaching market this way fundamentally:

Strictly Longs: USD, GBP, CHF, CAD, JPY

Strictly Shorts: EUR, AUD, NZD

Technically entering intraday using 5 mins swings, 3 times a day at respectively at Tokyo, London and NY Opens. Only 2 position max at any 1 time. If upcoming major news near open, then use major news as entering timing. Always close all open position at the end of sessions.

Anyone trade the same way?
*
nope.. i don trade news time... avoid... if kena sudden big movement.. then no choice.. need time to recover back the losses..

as long u know what you doing.. then its ok.. dont try revenge ... the market has no grouch with u..
carrer
post Jan 7 2016, 10:04 PM

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QUOTE(Goodboy92 @ Jan 6 2016, 10:49 PM)
Carrer , not sure you have stopped on his info or not but try get to skype and his youtube video the info he get was much much more than what we can see, althought i dont know much about that order flow or level 2 things

but he said

normally people can see until 5 level or more? he can see way much, he can see the volume, he can see who is trading with who( big player ) hope you can send me your fb page so that we can have more effective chat haha

<<<https://www.youtube.com/watch?v=uit-_CSHpko>>>

see how he trade <<<https://www.youtube.com/watch?v=0PQCnYwUPeA>>>
around 50lots

Please comment more about what he is doing for those who know exactly

He was some sort of FRONT RUNNER which have the same info as bank or less maybe , and he can outrun bank or join them with their movement ( scalper ) or before them

I am very new to these info , still learning more about it

Anyway i dont wish to make him expose too much , as i think he dont want as well
i only share his info on this forum
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After going through, the method is legitimate as I know some traders are using this successfully.
You can trade forex futures with this, but not spot forex as I am not sure about the degree of correlation (between spot and futures) they have.
vergil88
post Jan 8 2016, 01:29 PM

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I'm a newbie in forex. So i started a blog to document everything i learn from start.
https://bensfxdiary.wordpress.com/
haha. hope to get some feedback from people so that I know that I'm in the right track. icon_question.gif

Pinnacle1295
post Jan 8 2016, 01:52 PM

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QUOTE(vergil88 @ Jan 8 2016, 01:29 PM)
I'm a newbie in forex. So i started a blog to document everything i learn from start.
https://bensfxdiary.wordpress.com/
haha. hope to get some feedback from people so that I know that I'm in the right track. icon_question.gif
*
You will know you are in the right track once your equity curve is moving upwards ;-)

KeroroQ
post Jan 8 2016, 02:58 PM

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QUOTE(vergil88 @ Jan 8 2016, 01:29 PM)
I'm a newbie in forex. So i started a blog to document everything i learn from start.
https://bensfxdiary.wordpress.com/
haha. hope to get some feedback from people so that I know that I'm in the right track. icon_question.gif
*
A great way to start is to document and journalize your analysis and trades! Good start man, will keep an eye on your blog
vergil88
post Jan 8 2016, 03:42 PM

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QUOTE(Pinnacle1295 @ Jan 8 2016, 01:52 PM)
You will know you are in the right track once your equity curve is moving upwards ;-)
*
Ya, but for equity curve to move up needs the right trading practice. haha. still learning..
vergil88
post Jan 8 2016, 03:44 PM

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QUOTE(KeroroQ @ Jan 8 2016, 02:58 PM)
A great way to start is to document and journalize your analysis and trades! Good start man, will keep an eye on your blog
*
thanks man. still learning. Now trading on demo account still.
CallOfLegend
post Jan 8 2016, 07:49 PM

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Currently holding my sell audusd position @0.7024. stoploss 0.7069. take profit 0.6982. NFP incoming btw. Hope for success
vergil88
post Jan 8 2016, 10:10 PM

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anyone trading the NFP?
CallOfLegend
post Jan 8 2016, 11:25 PM

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I'm pure technical trader, i didn't trade news. But i'm not avoiding trades during news. The only time i will avoid to trade is when a particular pair with stalling price. The longer the time price is stalling the more dangerous it is. The calm before the storm.
testkindtest
post Jan 9 2016, 01:37 PM

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I hope you guys don't mind if i post my trading performance here since i have a problem to follow my own rules... im not discipline enough, i kept breaking my own rule then i regret after that LOL...

I hope by posting my setup here could fix my problem eventually, would start next week, i will post my profit and losses trade here see how it goes smile.gif

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