Ok. Actually,... best to combine both FA and TA to help initiate positions, take profits and cutlosses,... and if the signals from both FA's and TA's synchronise, then we know the chances of being on the wrong side of the trade would be lower !

Ahh, ok, then you are right using more of TA,... but some news appear suddenly, and some news are expected to take place and may not have been priced-in earlier, hence, currency pair movements still do take place,...

You would be what we called a scalper,... correct me if I'm wrong,....

Do you close ALL 100% of your positions at end of everyday, bro ?

I've been investing in the Carry Trade for the last,.. let's see,... 12 years ?? I do knock-outs most of the time,.. and in those years, it was very easy to be knocked-out and earn the premium. After having been knocked-out, I would re-initiate another position. I repeat this to earn more $$$.

It's 800K RM, not 800K USD or AUD,... so, it's not a big amt,...

Well,... it's big relatively, to different people,.. but if it's a loss, must pay, regardless of big or small.

All wins and no losses everyday pf the mth for the whole mth ??

Hmm,... that's a great record,... but you need to be able to rep[eat this o the second month, third mth, etc,... to turn this into a living.

Tq,... my imagination has always been M1 + M2 + M3 + whatever minutes onwards makes up a day trader,...

Tq for the acknowledgements and the clarifications, bros,...

Tq paogeh,...

Any bros here trading the USDSGD, EURSGD, GBPSGD, SGDJPY, etc ??

Some opinions earlier,....

The Monetary Authority of Singapore (MAS) will be announcing its Monetary Policy Statement on Monday, Oct 14. A possible action would be.... the policy band being re-centred downwatds (to cater for the slowing economy) or the width of the band be made wider to allow more room for mkt-determined movements during this period of volatility.

The first action above would WEAKEN the SGD vs its major trading partners’ currencies.... the second action would allow the SGD to move either way in these economic times...

Actually,... if he can prove his consistent winning performance, he can easily get funding to play this,... Many would be willing to finance him,...

Emm,... I put in an intelligent guess here,.. I would be conservative to say the Sharpe Ratio is not conclusive yet,... too short a record to gauge with this tool. His return is there to show us,... but how abt his risk level ?

Careful.

This may be a 'Value Trap thing',... the BOJ has not made any ann'ts that they will increase further stimulus,.. and I don't think the GBP will re-act too much anymore towards Brexit ! The deal or no-deal Brexit has been around for too long,... many instos would have taken pre-emptive steps by now.

Tq,... when you say points,.. you mean 0.01 Yen, right ?

For myself,... for some pairs, I will use TA, BUT I always fallback to FA to confirm my suspicions,.. and to insert my SLs,...

Nowadays,... I think it's not so healthy to hold for more than 60 days,... unlike the earlier days when interest rates were higher,... Any central bank will just drop their interest rates at any policy mtg,....

You asking him or moi, bro ?

Yes, bro,.. my earlier AUDJPY pair allows me to earn the differential interest,... I do this through my private bank.That's why I chose the developed country with the 'then'- currency with the highest FD interest rate, and match this with another developed country with the lowest interest rate.

But today, all of the interest rates of the developed countries have fallen to decades low,... hence, no more differential interest to earn anymore. One can only hope for capital gains.

Hehe, bro,....

Well,... i look at it this way,... if you have traded this pair, then this TA prediction will NOT come true anymore.

RBA cut cash rate this afternoon from 1.00% to 075% left,...

Bros,... heard there is development this morning for the Brexit-EU discussions. Watch your USDGBP shorts for this week. The USDGBP may reverse from last week,... unless, of course, the USD, on its own, is also weakening,...

Guys,... to circumvent the above issues legally, please open a bank account in a foreign country - an account which allows you to control the movement of funds via internet. Transfer your proceeds from any of your brokers overseas into that foreign account and then transfer from that foreign account back to your local bank account.

It is not illegal to transfer from, say a forex broker into that foreign bank account in accordance with the laws of that country.

Then your proceeds from your foreign bank account transferring into a Msian bank account would be clear since it's coming from a bank account overseas under your name, and NOT from a forex broker's bank account.

Just an opinion,.... seeing so many issues here. Hope this helps.

From investments.

If they still insist on not believing this, then there is no point continuing the relationship with that branch/bank. Perhaps this branch has its problems with BNM or with its auditors. Hence it is under tight scrutiny too.

Which country do you guys mostly transfer in from ? Then I can recommend something,...