Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
7 Pages « < 2 3 4 5 6 > » Bottom

Outline · [ Standard ] · Linear+

 Forex Version 19, Foreign Exchange Market Discussion

views
     
SUSAllnGap
post Dec 23 2016, 11:17 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(happyharpinghorse @ Dec 23 2016, 10:12 PM)
Ya, what I had in mind was capital gains or investment income, tax bucket is 0% anyway, just report to be safe.

As for bringing back profits... I wasn't profitable tongue.gif so can't share any experience. But there was an option for the broker to TT the money in, directly to a bank account of choice. Which I presume would trigger a phone call from the bank, regarding money laundering queries, but shouldn't be an issue to clarify lah. The BNM forex trading is illegal ruling applies to speculating with MYR - ie. If you have a USD account you punt with, no issue. It is made to prevent people from allowing you to open a trading account in MYR (eg some brokerage firms allow you to open a GBP or EUR account instead of USD as base currency).

AllInGap: i was told by a friend who tried to open an account with a bank in Singapore, seems it is basically impossible for us unless you work there, have business there, or are studying there. Very strict requirements. Do correct me if I'm wrong though?
*
I don't have exact details cuzy friend told me he withdraw like that to avoid detection
SUSAllnGap
post Jan 4 2017, 10:34 AM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(Kidz1995 @ Jan 4 2017, 03:33 AM)
anyone know about ForexNova?
trusted or not?
*
1. new website, absolutely zero visits
2. no broker license on website
3. given address is US, then disallow US ppl from registering
SUSAllnGap
post Jan 4 2017, 10:19 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
no wonder not moving, FOMC 3AM later

looks like EU wants to go up
SUSAllnGap
post Jan 5 2017, 02:54 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(Alissa_1989 @ Jan 4 2017, 08:04 PM)
over 4.50 now. Previously "experts" said in Malaysia TV when interviewed, if trump becomes president, US dollar will drop, so keep your RM. But obviously it is not the case now.
*
user posted image

looking at USDX, it's temporary pullback for USD.

i dont think reversal so soon until economy crisis.
when that happens, government policy will change and then only the direction is more established.

This post has been edited by AllnGap: Jan 5 2017, 02:54 PM
SUSAllnGap
post Jan 5 2017, 04:35 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(Alissa_1989 @ Jan 4 2017, 08:04 PM)
over 4.50 now. Previously "experts" said in Malaysia TV when interviewed, if trump becomes president, US dollar will drop, so keep your RM. But obviously it is not the case now.
*
i think no real direction is to be set until trump goes swear-in at 20th this month.

his policies still unknown so the markets cant determine where to go
SUSAllnGap
post Jan 9 2017, 08:27 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
waiting to short AU at that big engulfing down bar with tail last friday.

woops, breakout....wait for pullback for LONG

This post has been edited by AllnGap: Jan 10 2017, 12:28 AM
SUSAllnGap
post Jan 10 2017, 12:34 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(Alex9182 @ Jan 10 2017, 12:32 PM)
pull back 0.734 area this morning, did you manage to go long?
*
yea...dollar weakening.....later see GU can go north or not
SUSAllnGap
post Jan 18 2017, 08:29 AM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(hehe86 @ Jan 18 2017, 12:11 AM)
Yea currently using trail stops too. But not sure bout the at least 1:2 RR. Let say now i got profit double of my risk, then eventually the price starts to fall back and maybe even fall back near to my initial entry since the condition to use trail stop is not there yet.

Maybe to even have 1:2 RR is not really trend following method? Since once you ride the big trend, the reward can be huge
*
trailing stops is a fixed number, cant be used because daily volatility is different.
too small, will hit easily, too big then cant accumulate pips. every currency pips volatility is different, very pening

mitigate this by multi-lot / see daily/weekly important levels.

This post has been edited by AllnGap: Jan 18 2017, 08:35 AM
SUSAllnGap
post Jan 18 2017, 01:25 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(hehe86 @ Jan 18 2017, 12:31 PM)
Thanks for the feedback!
Mitigate multi lot meaning taking partial profit?
*
split into 2 lot. TP 1st lot. 2nd lot no trail just let it go.

or u may want to triple lot whack near ur entry when it really pullback to that area because sometimes might retest a few times.
especially if that area never got pullback before.

sometimes it just engulfing fly up, those are the ones that will retest because big banks never got the chance to buy at low or at breakout
SUSAllnGap
post Jan 18 2017, 03:01 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(hehe86 @ Jan 18 2017, 02:44 PM)
Yea currently will tp partially. So i guess is similar with splitting 2 lots right? Provided i want to maintain same risk %.

I asked this scenario to see is there a better way to manage the position for others
*
there is no way of knowing how it will move, but u may try to TP both lots at the significant short level if it's heading north ( because at that level sure got residue of shorts at that level)
then let it pullback to the bottom (or wait for it to flip north again), then reenter again.
by doing so, you pocket the profit d, but your re-entry have to manage well to avoid jumping in too early.

options
(a) TP both at next level (pocketed 2 x 100pips = 200pips)
(b) TP one at next level, 2nd lot hit BE OR 2nd lot continue to go up (pocketed 100pips + 2nd lot)
© TP both at next level, then reentry during pullback (pocketed 200pips, then enter at 50% of pullback again)

so all these strategies depends on your preference, or on your entry skills to be exact.
SUSAllnGap
post Jan 18 2017, 05:11 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(hehe86 @ Jan 18 2017, 03:25 PM)
AllnGap thanks for your advice bro!
*
are you trading breakout ?
if u enter right after the breakout, then the probability of a pullback is very high.

lets say the breakout happened during london time, then during US session, they'll push it back to get a better price.
or if the breakout happened during US time, the next day during London session, the pullback will happen.

if so, better TP right after the breakout, then during pullback re-enter again.

so u breakout trader or a pullback wan laugh.gif

SUSAllnGap
post Jan 18 2017, 08:28 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(hehe86 @ Jan 18 2017, 08:03 PM)
Usually breakout. Yea gonna stick with that method and reenter then.
Yea gonna at least partially close if hit 1:2 first. and see how my results go. Thanks
*
usually for breakout i will TP all. then wait for pullback again.

unless the breakout retest a few times, then can forget about the pullback
SUSAllnGap
post Jan 24 2017, 10:41 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
crap, euro dint bother to retest at 1.07300.
buy order dint hit.....aihhh
SUSAllnGap
post Jan 25 2017, 10:25 AM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
AUD short @ 0.75900 when retest.

gap from news this morning untested
SUSAllnGap
post Jan 26 2017, 11:06 AM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
GBP approaching 1.27 range which caused it to tumble previously.

coincidental with court announcement on BREXIT
SUSAllnGap
post Jan 26 2017, 02:31 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
USDCAD critical level at 1.3100
see whether can climb above it
SUSAllnGap
post Jan 26 2017, 06:57 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(mhisyam6 @ Jan 26 2017, 03:36 PM)
AU sell NOW. Doji at H4. Could be the Decision Point there.
*
aud today holiday. my sell order dint hit. away about 6pips around 0.7590

aihhhh
SUSAllnGap
post Jan 27 2017, 12:06 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(tsonline82 @ Jan 27 2017, 11:56 AM)
How much $ u buy in per trade? 1 or 2%(stop loss) of your total modal? Or maybe 1 usd per pip.

I knew a friend who use to win but due to greed decided to big bet of GBPUSD and blew his account during the Brexit.
I'm holding eurgbp and usdcad long now. Any view on these 2 trade?
*
if oil breaks upward, USDCAD might drop below the 1.30 barrier.
CAD is tagged along with oil price than purely USD strength
SUSAllnGap
post Jan 27 2017, 06:09 PM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(hehe86 @ Jan 27 2017, 06:04 PM)
That barrier is interesting brows.gif
*
I think mostly head down. oil don't seem to go down
SUSAllnGap
post Jan 31 2017, 09:08 AM

[ Modding with Passion(tm) ]
*******
Senior Member
4,561 posts

Joined: Jan 2003
From: Penangites
QUOTE(highlowyat @ Jan 30 2017, 09:57 PM)
Donald Trump

He will bring back all the investment to US. He stop the wars. You know how much they spend for wars? Trillions

Unless there is global recession or world wars.. US economy continue to grow
*
would appreciate it if u would give potential entry/exit points rather than predictions

we don't need crystal balls because there are always bulls/bears view everywhere.
even bank recommendations could flip sides as the current events changes.

thanks
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

7 Pages « < 2 3 4 5 6 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0226sec    0.85    7 queries    GZIP Disabled
Time is now: 2nd December 2025 - 08:06 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.