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 Forex Version 19, Foreign Exchange Market Discussion

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SUSAllnGap
post Nov 22 2016, 10:19 PM

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QUOTE(Goodboy92 @ Nov 22 2016, 09:59 PM)
So you want to mention that on USDJPY , USD were the main currency and JPY movement were not affect that pair?
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notice the position of the USD.

user posted image


user posted image
SUSAllnGap
post Nov 24 2016, 01:08 PM

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QUOTE(cybermaster98 @ Nov 24 2016, 10:29 AM)
Good info. Ure probably right.

But could you explain why is trading on demo accounts considered to be not good and what risk will I potentially face?
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would u let someone with 200 flight simulator hours to fly real plane with u as a passenger ?
SUSAllnGap
post Nov 24 2016, 04:22 PM

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BUY EU. lowest level atm
SUSAllnGap
post Nov 24 2016, 04:52 PM

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QUOTE(hehe86 @ Nov 24 2016, 04:48 PM)
And here I am waiting to short. Haha. Not really good at reversal trades atm
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if wanna short, short at yesterdays's waterfall that area.
dont short at key support area.
wait for it to break support, then short during retest

this level got 4 very strong engulfing at weekly chart.
i dont think will break cuz not like BREXIT thing happen to EU.
SUSAllnGap
post Nov 24 2016, 05:10 PM

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QUOTE(hehe86 @ Nov 24 2016, 04:48 PM)
And here I am waiting to short. Haha. Not really good at reversal trades atm
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that 4 leg up is minimum 400pips up.
bad place for short

user posted image
SUSAllnGap
post Nov 24 2016, 06:35 PM

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QUOTE(cmk96 @ Nov 24 2016, 05:33 PM)
@#$%$%^&*.... can't close my trades just now.

Manually called up broker to close.  bangwall.gif  bangwall.gif  bangwall.gif

[attachmentid=8127895]
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very rare chance to see snowball method. biggrin.gif
SUSAllnGap
post Nov 24 2016, 10:05 PM

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QUOTE(cmk96 @ Nov 24 2016, 09:59 PM)
Yup.. they closed it for me... FXDD have been  "problematic" lately... huge slippage... requotes... you guys should stay away.
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manually cant close also ?
SUSAllnGap
post Nov 24 2016, 11:07 PM

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QUOTE(cmk96 @ Nov 24 2016, 10:49 PM)
i tried that before...i put 10 pips...didn't work

i set the tp at 140.85 last week... today, price went up to 141.00 at some point... but it won't close.  rclxub.gif

no choice... but to ask broker to close it. they took about 5 mins... need to find "someone" who has the authority to do it.
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u got try to put in orders see can accept or not.

if really cannot close actually can "hedge" all your profit by putting sell position.
just waste a few pips on spread

SUSAllnGap
post Nov 25 2016, 03:33 PM

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QUOTE(CallOfLegend @ Nov 25 2016, 02:41 PM)
trade ended in loss. bangwall.gif

Now trying to PO buy limit AU at 0.7433. sl0.7398 tp0.7468 for 35 pip sl&tp sad.gif
Probably those who lurks in the dark
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zoom out look at the bigger picture.
find where the big guys love to short.

only short when rally reaches that area and when rally weakens.
SUSAllnGap
post Nov 30 2016, 10:23 AM

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wrong entry yesterday but still positive

user posted image

This post has been edited by AllnGap: Nov 30 2016, 10:24 AM
SUSAllnGap
post Nov 30 2016, 12:30 PM

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QUOTE(CallOfLegend @ Nov 30 2016, 12:09 PM)
Thanks. As your advice i try to learn to spot where banks trade but i'm still kind of blur. That screenshot really helpful.
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learn to read the chart like a map.
banks need to buy/sell at certain levels for a couple of times.
see the reaction when hit those critical levels.

thats where u hit it it, find the most important levels (with most deepest pockets of buyers or sellers) and wait there.
when i buy, i buy with biggest buyer, when i sell with biggest seller, that gives the highest chances of winning. why ?
1. better R:R ratio
2. bigger swing (or small bounce, very fast scalp)
3. if it breaks, i hit my SL. next when it retest that level i jump in again


whatever system it is, if there is no effective filtering, your odds are just gambling or even less.

This post has been edited by AllnGap: Nov 30 2016, 12:46 PM
SUSAllnGap
post Dec 1 2016, 09:05 AM

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very long term USDX chart....wonder can break or not.

user posted image
SUSAllnGap
post Dec 2 2016, 09:09 AM

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end of month crazy movement as usual.

SUSAllnGap
post Dec 5 2016, 08:35 AM

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crazy drop due to italian referendum.
nowadays staying over weekend is very dangerous
SUSAllnGap
post Dec 7 2016, 12:32 AM

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whole week shitty movement due to Thursday ECB rate announcement
SUSAllnGap
post Dec 8 2016, 10:12 PM

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QUOTE(hehe86 @ Dec 8 2016, 09:04 PM)
eh EUR already spike, i thought 9.30 only starts the ECB ocnference?
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those interest rate related announcement better stay away 2 days before it.
sometimes they 'prepare' the movement for a few days before the real move comes.

sometimes the central bankers will "manage" (aka manipulate) them.
i observe many times their announcement will cause a big swing, usually they will shift it away to prevent that swing from breaking key levels that they dunt wanna break.

can manipulate for a few days wan
SUSAllnGap
post Dec 8 2016, 11:22 PM

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QUOTE(hehe86 @ Dec 8 2016, 11:06 PM)
Ahh, and here i thought any news best to avoid 30 mins before and after then only decide the trade... hmmm
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30 min is the sudden big swing, but the preparation move can lasts for 3days.

u see slow climb abnormal move before FOMC meeting or yellen speech

and usually they move the swing away from key price levels.

now all the robots are using key words to front run everything.
those CentralBankers said wrong thing within miliseconds it move 100pips.
no humans can trade like that

This post has been edited by AllnGap: Dec 8 2016, 11:26 PM
SUSAllnGap
post Dec 9 2016, 12:46 PM

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QUOTE(Alissa_1989 @ Dec 9 2016, 11:12 AM)
Any non-lose robot you know ?
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hedge funds spend millions to build robot.
they are basically based on 2 criteria (or edges we dont have)
1. orders (which u need to pay USD100k/monthly for actual exchange data)
2. speed (scalp momentum moves)

none of which is technical based, while FX brokers encourage robots with 5,000% gains yearly. WHY ?
because they know eventually the robot will burn the whole account because mostly technical based which is scenario based.

think of this
the market is like weather, unpredictable, different possibilities.
how can u apply rigid system to capture all ranges of scenario. how can a rigid system be flexible yet profitable to fit all different scenarios.
deswai brokers all welcome robot traders and love to promote them. free money for them

This post has been edited by AllnGap: Dec 9 2016, 12:47 PM
SUSAllnGap
post Dec 11 2016, 02:16 PM

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QUOTE(MSS @ Dec 11 2016, 02:01 AM)
Anyone use TOPPRO FX, http://www.topprofx.com/index.php

kindly share the experience or which platform better

Thanks
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Check on hypestat.com.

All website traffic from Malaysia only.
SUSAllnGap
post Dec 23 2016, 06:43 PM

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QUOTE(Alissa_1989 @ Dec 23 2016, 05:55 PM)
https://en.wikipedia.org/wiki/Capital_gains_tax#Malaysia

In fact, tax is a small matter if you really got a large profit and Malaysia does not have capital gain tax. If want a confirmed answer, you can bring your statement and whatever written document to lawyer and accounting firms that normally handle tax issue to seek consultant. Let say, if you can make a profit of USD100k, why need to care to pay a few hundred in RM for consultant fee.

I much more curious on how can you bank-in your money to bank without being blocked by BNM.  Pls share your story if I am wrong.
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You may try to open maybank Singapore branch then withdraw here in small amounts.


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