Wow! The markets have been giving away FREE money since the turn of the new year! The volatility has been amazing. Literally hundreds of pips for the taking every week.

Pips to everyone in here





This post has been edited by Mr. WongSF: Feb 2 2016, 03:28 AM

withdrawal not allowed. fake money only hor!

no! unker got day job, but can snake during London session & go home play U.S. session. pls dun tell my boss hor!

neither. 1.0 means standard lot 1 pip = ~$10, no? it's written clearly there.

Yah! since new year very big daily ranges. unker see also scared. good for you USD7 since its X 4.36 now. u will become big time soon! keep it up hor!


no real account. unker need to demo 6 months to see average how many pips can make every month.


Yah! u is correct. order no. for demo and live akaun is different. by the way, how u find this broker XM.com? unker demoing on this one now hor!

your real money put where safe?

i don't know, but i think if i short Gbp/jPY, it will give me +++swap, yes?

by the way, unker seldom meet girl trader. nice to meet you hor!

Uh-oh, cable trend line break to the upside since Christmas Eve

OK guys, so unker just wanna update a bit on January's trading. It has been a pretty good month actually . The market has been kind to us.

So hopefully, this volatility will continue into the year of the MALAU





Happy Chinese New Year 2016

This post has been edited by Mr. WongSF: Feb 4 2016, 12:16 AM

manual only.

The Bank Of Japan Has Betrayed Its People

Submitted by Tyler Durden on 02/02/2016 20:05 -0500

The Bank of Japan’s unexpected rate cuts to negative are a desperate attempt to help out the FED and to support the dollar at the expense of the aging Japanese population.

The negative market reaction to the FED’s rate hike of December shows that investors do not believe an economic recovery in the US is underway. Two reasons make central banks start to raise interest rates.

The first is that economy is doing well, and central banks have to prevent an overheated economy. But it is also a signal to investors everything is going well. In this situation, the first reaction of investors will be the opposite as central bankers planned they will and increase their investments and markets will go up.

The second reason central banks raise interest rates is the defensive one; the moment the economy is out of control, investors are beginning to abandon the sinking ship. The continually increasing interest rate has the task of keeping the investors aboard. Central banks in less developed economies raise rates to defend the national currency, thus preventing investors from fleeing. An increase in the interest rate can add fuel to the fire and in many cases has the opposite effect. Investors start smelling angst of the authorities and start abandoning the sinking ship. In such a situation stock markets are coming crashing down because investors withdraw from them.

We saw this last pattern happening in the US economy after the December FED’s rate hike. As a result, the dollar-yen exchange rate is starting to decline, with the value of the dollar falling off as Japanese investors start panicking and fleeing the US market. Surely, Japanese investors know that a rate hike without an accompanying economic growth will erode every existing investment.

There is a general misconception according to which countries drive their currency down to generate growth. People adhere to the simplistic belief that a weak currency drives exports and helps the nation to prosper. The fact is that a cheap currency creates growth by giving away real goods in exchange for IOU (I Owe Yous) or paper debt obligations that will never be repaid. The US is the beneficiary or the receiving end of the weak yen policy. Because the US continues to maintain its world hegemony, it needs a strong dollar. A strong dollar makes everything the US empire buys in the world cheap. A strong dollar causes the world to be willing to exchange real goods for printed paper dollars that have no intrinsic value, and that are issued by a country that does not have the industrial capacity to ever repay what it owes its debtors.

The endless trade deficit the US has with Japan shows how the Japanese are prepared to provide the US with real goods without demanding tangible goods in return. Because the international press publishes trade data in dollars, the trade balance deficit seems to have been shrinking over the last years. The actual situation becomes apparent if we look at the trade deficit in yens.



The US trade deficit with Japan is growing bigger and bigger year after year, as Japanese producers are giving away a big chunk of their production to US consumers in return for more and more US paper debt. By manipulating the yen, Japanese authorities are giving away a real part of their GDP that they take from their people to the US empire.

In January, the yen started to appreciate because Japanese investors withdrew their money from the shaky US economy. Not only does an expensive yen lower the purchasing power of US consumers, but it can also render the US, Asian military pivot, quite expensive. It looks like Kuroda-san, president of the Bank of Japan, got new marching orders from his US masters during his Davos visit.

The submissive Japanese leaders have no choice but to obey their US masters and come up with a next trick to keep the yen cheap.

The Bank of Japan does not have much room to maneuver, so it lowered the excess-deposit rate into negative territory. It was marginal from 0.1 to -0.1 and only applicable to a small number of the Japanese bank deposits at the Bank of Japan; nevertheless, the music started playing again. It will be harder for Kuroda-san to press the yen lower and come up with new tricks indefinitely.

Investors may be fooled by the vast amount of public debt of the Japanese government, not realizing that the Japanese nation as a whole has a massive saving surplus. Some day the Bank of Japan will run out of tricks, and the yen will explode as Japanese savers will try to repatriate their savings. It will affect not only the financial markets but also the US ability to counter its Chinese rival in the Yellow Sea. For now, the desperate move of the Central Bank of Japan will not help the aging Japanese population. It will keep the financial markets happy for a short period.

...or not even that...



http://www.zerohedge.com/news/2016-02-02/b...ed-its-people-0

why take such unnecessary risk without a clear mkt direction? The pair has been consolidating the whole day. Look at the 9pm bar after it closed. O = 116.78 C = 117.00.

just a mere 22 pips difference after the whiplash @ 9:30 during NFP. Then the pair went back to sleep again. Not worth getting hit by announcements for nothing.



This post has been edited by Mr. WongSF: Feb 6 2016, 02:36 AM

- double -

This post has been edited by Mr. WongSF: Feb 6 2016, 02:36 AM

well......we'll just have to wait for nxt wk, aite?

it's hard to say hor. depends on what interest me atm. but unker dun go lower than H1 hor! cos too much noise & randomness the lower u go. unker dun like.

Are The Payroll Jobs Reports Merely Propaganda Statements? — Paul Craig Roberts

February 6, 2016



US economics statistics are so screwed up that they do not provide an accurate picture.

Consider the latest monthly payroll jobs report. According to the report, in January 151,000 new jobs were created. Where are these jobs? According to the report, 69% of the new jobs are accounted for by retail employment and waitresses and bartenders. If we add in health care and social assistance, the entirety of the new jobs are accounted for. This is not the employment picture of a First World economy.

According to the report, in January the retail sector added 57,700 jobs. Considering that January is the month that followed a disappointing Christmas December, do you think retailers added 57,700 employees? Such a large increase in retail employment suggests an expected rise in sales, but transportation and warehousing lost 20,300 jobs and wholesale trade added only 8,800.

Perhaps it is mistaken to think that employment in these sectors should move together. Possibly the retail jobs, if they are real, are part-time jobs replacing a smaller number of terminated full-time jobs in order that employers can avoid benefits costs. If this is the case, then the retail jobs are bad news, not good news.

The reported unemployment rate of 4.9% is misleading as it does not count discouraged workers. When discouraged workers are added, the actual rate of US unemployment is about 23%, a number more consistent with the decline in the labor force participation rate. In January 2006 the labor force participation rate was 66%. In January 2016 the labor force participation rate is 62.7%.

The government has a second official unemployment rate that counts short-term discouraged workers (discouraged for less than one year). That rate, known as U-6, is 10%, twice the “headline rate” which is always the U-3 measure that excludes all discouraged workers not currently looking for a job.

In his reports John Williams (shadowstats.com) explains that the jobs reported can be an artifact of seasonal adjustments. Perhaps a simple way of seeing the influence of seasonal adjustments is to compare the not seasonally adjusted jobs numbers for December 2015 and January 2016. These numbers are 144,112,000 jobs in December and 141,123,000 jobs in January, a decline of 2,989,000. However, with seasonal adjustments the January number rises to 143,288,000 and the December number falls to 143,137,000, producing a January jobs gain of 151,000.

Payroll jobs are the number of jobs, not the number of employed people. Many of the payroll jobs are part-time. In order to make ends meet, some people hold two or more part-time jobs. In contrast to the 143,288,000 reported payroll jobs, civilian full-time employment is about 123,000,000.

Another factor that distorts the jobs reports is the birth-death model. Based on John Williams’ expertise, I have often reported on this effort by the BLS to estimate the net of unreported jobs losses from business closures and the unreported jobs gains of new start-ups. Here is John Williams in his latest report on the January payroll jobs:

“Historically, an upside-bias process was created for payroll-employment reporting simply by adding in a monthly “bias factor,” so as to prevent the otherwise potential political embarrassment to the BLS of understating monthly jobs growth. The “bias factor” process resulted from such an actual reporting embarrassment, with the underestimation of jobs growth coming out of the 1983 recession.

“That process eventually was recast as the now infamous Birth-Death Model (BDM), which purportedly models the relative effects on payroll employment of jobs creation due to new businesses starting up, versus jobs lost due to bankruptcies or closings of existing businesses.

“Separately there is a preset upside bias, plus a presumed net additional “surplus” of jobs added
on to the payroll estimates each month as a special add-factor. In current reporting, the aggregate average overstatement of monthly employment change easily exceeds 200,000 jobs per month. These details and section shall be updated fully in the pending Supplement.”

The assertion that the US economy has been in recovery since June of 2009 is not consistent with the quantity and quality of the jobs reflected in the payroll jobs reports. The number of new jobs is not sufficient to prevent the labor force participation rate from declining, and the pay associated with the jobs is not sufficient to leave consumers with enough discretionary income to drive an economy based on consumption.

The financial presstitutes do not explore these issues. They merely report the numbers that the official releases emphasize and ask no questions about them. Therefore, the decline in American economic prospects receives no attention. The Federal Reserve can even report that half of American 25 year-olds live at home with their parents without causing alarm. They do this not from choice but from necessity. They simply cannot find jobs that pay enough to support an independent existence. You would think that this would be an issue of national concern.

http://www.paulcraigroberts.org/2016/02/06...-craig-roberts/

got expert classes or not?

short answer is yes.

but for the trader (speaking for myself here ), its all about the volatility. its all tat matters hor! anncmts move the mkts. unker simply dun care how an anncmt turns out. whtr good or bad.

prices are somehow priced into the mkt. either way b4, just b4, shortly after, or way after an anncmt. tat is why u see such erratic movements during the period leading up to & also after an anncmt.

if u r talking about regular news, anncmts actually help me. my bars tell me whr price is going.

if i oredi happen to have any open positions prior to an anncmt, i will tighten things up. most times anncmts can & will take ur trade nearer towards ur PT

i can never understand why some ppl would trade NFP, FOMC, ZEW reports, Tanken, CPI, PPI, speeches, etc.

why is thr a need to even trade anncmts whn u r only 2nd guessing the direction it will take? is it b'cos of the thrill of trading anncmts?

are the 30 pips gained in 10 secs gambling on an anncmt any more precious than the 30 pips gained over a slow trend which develops (slowly but surely) over 6 hours?

i wil bet my btm dollar tat if ur position size is big enuf & u have some serious $ at stake, u wil not dare to place trades on an anncmt simply b'cos u have no idea which direction the mkt is gonna take.

the mkt will always take care of itself. technical traders have nothing to worry about.

shhhhh.........since u r unker's blue-eyed boy, unker wil share something more hor........technical analysis is probably 'the only way' to trade profitably wif consistency. but i'm sure it's something u oredi discovered

are u asking me about whipsaws or false reversals? whr price always goes in 1 direction slightly, b4 shooting off in the other direction? or do u mean something else entirely?

hmmm assuming i understand ur question correctly, i would have to say yes. but never for long! i've seen price shoot down(or up) & do a complete retracement within 24 hours. heck, some times even less than tat.

the market is just too big to manipulate for extended periods of time. it takes millions and millions just to make it move 1 pip. how much exactly?

i can't tell, since the forex market is always growing in size, but most probably enough volume, if some of the big boys work in tandem.

the lower liquidity pairs (not commonly traded) probably take much less to make them budge.

tat is why, if u compare diff crosses on ur charts, u will see some are extremely choppy in their movements. trends are less developed & consistent.

by and by, some pairs are just tougher to trade. identify them & avoid them.

now coming back to ur question, i dun believe tat there is a conspiracy, but once in a while the big boys might decide tat a certain 'price' is the right 'price' for a currency.

So, Bank A will call BANK B, BANK C, BANK D & BANK E and say, "hey guys! lets start dumping currency XXX together between 9 a.m. - 3 p.m. We will be dumping a total of XXX amount. "

So tat is why 'u see, what u see' on ur charts when tat happens.

this is completely unrelated, but right now, there is a certain BANK 'D' in Europe, who are in pretty deep shit .

hope unker answered ur question hor!


4 ekk kekekekekekeke !!



good9 guys

Ahhh! Yes my fren! False breakouts are usually the big boys loading up their positions b4 the mkt picks up momentum. It's not really a 'trap' per se.

e.g. current mkt price is at 1.7000. price goes to 1.6980 b4 shooting off to 1.7100.

wat is happening in the above scenario? well, the institutions have got their orders all seating in a pile arnd 1.6980 - 1.7000.

When the orders get filled, the mkt moves. Just think of it as a rubber band. u stretch it one way for it to go the other way. Nobody is doing this to purposely trap traders. No conspiracy hor!



Now there are stories coming out of Syria too.

Ahhhhh! good morning my fren,

as to whtr others share our view on this, or not, i think its not really that important or even crucial. I hardly think it will affect their bottom line at the end of the day really.

Point is, we trade what we see on our charts & as long as we understand what story the bars are telling us, its sufficient.

so yes, lets agree to disagree wif these folks

Enjoy ur Tokyo session zDarkFartsz

6,8,12? odd time frames?

MT4 can be customized hor!

1. Navigator
2. "scripts"
3. "period converter"
4. "extperiodmultiplier" 3,6,8,12,etc
5. File
6. "open offline" - OR - Period_Converter_Opt.ex4





sekian

1. Frankfurt open - US lunch

2. ~ 2:30 a. m. - ~ 12:30 p.m.

sekian

dear fellow trader,

it is very hard to sit on ur hands if u do not knw exactly wat u r looking for.

a trade setup must b very clear in ur mind's eye to prevent pulling the trigger unnecessarily.

points to ponder :

1) is ur system too discretionary whr-by, thr r no hard & fast rules to prevent u frm jumping into a trade?

2) would moving up to a higher time frame help u to pull the trigger less?

cultivating discipline takes time. do not neglect the psychological development of trading.