Forex Version 20, Foreign Exchange Market Discussion
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 Nov 27 2019, 08:20 PM
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#2421
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Junior Member
124 posts Joined: Oct 2019  
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QUOTE(dwRK @ Nov 27 2019, 05:01 PM) assuming able to tahan -50% drop long time ma.. sure ok.. and 50% drop more happy.. can buy more! and dividend yield will be damn nice if prices drop by 50% haha  |
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Nov 27 2019, 08:39 PM
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(mrbigggyyy @ Nov 27 2019, 08:20 PM) long time ma.. sure ok.. and 50% drop more happy.. can buy more! and dividend yield will be damn nice if prices drop by 50% haha ya...all in when -50%... sell house, sell dog, sell underwear...but original investment will take 2-5 yrs to break even...imagine half million ringgit underwater for a few yrs...hahaha |
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Nov 27 2019, 09:08 PM
Show posts by this member only | IPv6 | Post
#2423
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Junior Member
124 posts Joined: Oct 2019
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QUOTE(dwRK @ Nov 27 2019, 08:39 PM) ya...all in when -50%... sell house, sell dog, sell underwear... it's ok.. after 30 years will be multi-millionaire hahabut original investment will take 2-5 yrs to break even...imagine half million ringgit underwater for a few yrs...hahaha |
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Nov 27 2019, 09:25 PM
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Senior Member
9,354 posts Joined: Aug 2010
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QUOTE(dwRK @ Nov 27 2019, 03:23 PM) here's how I'm looking at it...the last 2 yrs, the feds have raised and cut rates, and Japan's reaction has resulted in this chart before us...so as long as Japan keeps the same...maintaining status quo, then we should be good ...tq again, bro,... well,... I'll manage my risks this time by staying away from this risk, for now,... I've lost almost 7 zeroes of AUD earlier, only in AUDJPY forex.... also, central banks around the world will adjust rates to manage trade and gdp...we don't know for sure how that is going to turn out, the best is assume you gonna be wrong...and manage the probability and risk /uncertainty as part of the game  Luckily can make back many times more from other investments,...  If I keep taking chances like this,... and loose,... wives and children will not be able to makan anymore,.... |
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Nov 27 2019, 09:59 PM
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(Hansel @ Nov 27 2019, 09:25 PM) ...tq again, bro,... well,... I'll manage my risks this time by staying away from this risk, for now,... I've lost almost 7 zeroes of AUD earlier, only in AUDJPY forex.... Luckily can make back many times more from other investments,... If I keep taking chances like this,... and loose,... wives and children will not be able to makan anymore,....  yup...trade/investment within one's comfort zone I always tell my friends...got lots stuff out there, don't have to be in everything, also no need to fomo, plenty of money around, you don't make today, can always make tomorrow |
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Nov 28 2019, 12:55 AM
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Senior Member
1,678 posts Joined: Sep 2006 From: Penang
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QUOTE(Hansel @ Nov 27 2019, 09:25 PM) ...tq again, bro,... well,... I'll manage my risks this time by staying away from this risk, for now,... I've lost almost 7 zeroes of AUD earlier, only in AUDJPY forex.... 7 ZEROES !!! Luckily can make back many times more from other investments,... If I keep taking chances like this,... and loose,... wives and children will not be able to makan anymore,.... u are .......RICH ! |
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Nov 28 2019, 08:33 AM
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Junior Member
254 posts Joined: Jan 2016
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7 zero
100000.00 One hundred thousand 10,000,000 Ten Million 0000000 Zero |
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Nov 28 2019, 09:22 AM
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Senior Member
9,354 posts Joined: Aug 2010
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QUOTE(paogeh @ Nov 28 2019, 12:55 AM) 7 ZEROES !!! u are .......RICH ! QUOTE(Goodboy92 @ Nov 28 2019, 08:33 AM) 7 zero 100000.00 One hundred thousand 10,000,000 Ten Million 0000000 Zero Morning bros,... yo guys are sharp,... sorry for revealing the figure here, I got excited chatting with bro DWRK yesterday,... I meant to say 7-digits yesterday, not taking into account the cent positions. Yeah,.. I had cutlosses in my PB and outside broker platforms totalling up to 900K+ AUD when the AUDJPY dropped-down the last few years. I kept holding cos I was busy and many a time I forgot abt the positions. Fortunately, my investments in other instruments made many times more and I could cover, without incurring MC first. I did a cutloss before MC was called upon me. |
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Nov 28 2019, 09:25 AM
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Senior Member
2,096 posts Joined: Oct 2007
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QUOTE(Goodboy92 @ Nov 28 2019, 08:33 AM) 7 zero 100000.00 One hundred thousand 10,000,000 Ten Million 0000000 Zero you are right! |
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Nov 28 2019, 09:31 AM
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Senior Member
9,354 posts Joined: Aug 2010
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QUOTE(cmk96 @ Nov 28 2019, 09:25 AM) you are right! One small mistake when revealing a number and people start pinpointing possible exaggerations in such numbers. But this is good - it's called check and balance,... I observed it's better to stay away from numbers.  |
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Nov 28 2019, 10:59 AM
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(Hansel @ Nov 28 2019, 09:31 AM) Glad I clarified,... looks like figures are very distinctive and very visible to forummers,... i knew you're top 1% long time ago already...a few things you type gave it away... One small mistake when revealing a number and people start pinpointing possible exaggerations in such numbers. But this is good - it's called check and balance,... I observed it's better to stay away from numbers. now you have to be more careful when got pm invite go teh tarik... hahaha This post has been edited by dwRK: Nov 28 2019, 12:47 PM |
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Nov 28 2019, 11:37 AM
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Senior Member
691 posts Joined: Jul 2011
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QUOTE(Hansel @ Nov 27 2019, 11:44 AM) Tks akib,.... I cut loss GBPJPY long time ago, I think last 2 months. Funny thing is there is one night, news incoming, I got position in GJ and I talk to my friend, should I close this position as I am scared if this news make my red floating bigger. Eventually I cut loss that position. And when the news come, price went into my closed position. I be like damn should have keep that position. Then even funnier a week later I got into selling GJ again (revenge lol) then it goes red and blue and on Thursday it goes red a lot and got scared, later on it went blue a bit then I close the position. But the price go lower to the planned TP. And I be like wtf am I doing haha. Got trauma a bit. But now ok already. Got scared like hell because the lot I opened is too big for my capital. Learn the hard way. I think using techs or funda's depend on what type of trader (or investor,... if you can call a forex enthusiast this) you are. For myself,... I am not too keen to go in and out, hence, I would like to have a very big picture of what's happening now and how today's events will affect future events. I have applied techs to my investing style, but I found it to be not very accurate. I have before used 'longterm' Elliott Waves, 200ma to predict. The third wave always missed,... maybe my luck then. Then some chartists recommended other time-periods but I found these charts being highly dependant on what supports are broken and what resistances are exceeded. Again,... I found my floors and my ceilings kept getting broken and hitting my stoplosses. I seldom set TPs,... preferred to keep riding up,... Bro,.. on the GBPJPY, with Brexit decisions going to and fro,... you need to pullout from a position quick ! You need to have tight SLs and TPs here. With the 'stability' of the yen,... chances to loose are higher..... This morning,... RBA Govenor Rob Lowe (can't remember his name, I only remembered 'baldy' Glenn Stevens for I've spoken with him personally a few yrs ago,..) said they may not totally remove ideas of QE in Aust.. As of this morning, target for the RBA rate is 0.25%.  I wouldn't want to short AUDJPY too with the above news. I'll just stay away,... Better I go long SGDMYR,.... Sure you got a lot of experiences in trading, it would be nice if can chat with you. I am still new in trading, so usually when I look at the chart, I be like what should I do eh, even I am more into technical I don't know what to for tech analysis. But I just follow the flow, it takes time right to be consistent |
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Nov 28 2019, 12:58 PM
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Senior Member
9,354 posts Joined: Aug 2010
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Sure,... tq very much, gents,... will try to make it, bro Akib,... bro DWRK, maybe can meet in future,....
Bro akib,... I'm a loser, bro,... just wanted to say this first,... Lost a lot because never took care of my pair,... I bought the pair many times in 2014, 2013, 2015,... I think,... at levels of above 100 also,.... Then when dropped to 95, bought some more,... then forgot abt it,....Then this year,... 70+ only,.... CUTLOSS !!!!!! Just sharing only,.... don't know if right to learn from me or not. |
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Nov 28 2019, 02:15 PM
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#2434
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Junior Member
124 posts Joined: Oct 2019
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QUOTE(Hansel @ Nov 28 2019, 12:58 PM) Sure,... tq very much, gents,... will try to make it, bro Akib,... bro DWRK, maybe can meet in future,.... hey don't forget me le! lolBro akib,... I'm a loser, bro,... just wanted to say this first,... Lost a lot because never took care of my pair,... I bought the pair many times in 2014, 2013, 2015,... I think,... at levels of above 100 also,.... Then when dropped to 95, bought some more,... then forgot abt it,....Then this year,... 70+ only,.... CUTLOSS !!!!!! Just sharing only,.... don't know if right to learn from me or not. |
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Nov 28 2019, 02:19 PM
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Senior Member
1,678 posts Joined: Sep 2006 From: Penang
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QUOTE(Hansel @ Nov 28 2019, 12:58 PM) Sure,... tq very much, gents,... will try to make it, bro Akib,... bro DWRK, maybe can meet in future,.... im one of the losers as well . Bro akib,... I'm a loser, bro,... just wanted to say this first,... Lost a lot because never took care of my pair,... I bought the pair many times in 2014, 2013, 2015,... I think,... at levels of above 100 also,.... Then when dropped to 95, bought some more,... then forgot abt it,....Then this year,... 70+ only,.... CUTLOSS !!!!!! Just sharing only,.... don't know if right to learn from me or not. Started back in 2006 , till now still losing ....BIG ... |
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Nov 28 2019, 06:44 PM
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Senior Member
6,230 posts Joined: Jun 2006
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QUOTE(Hansel @ Nov 28 2019, 12:58 PM) Sure,... tq very much, gents,... will try to make it, bro Akib,... bro DWRK, maybe can meet in future,.... happy to meet up bro one of these days Bro akib,... I'm a loser, bro,... just wanted to say this first,... Lost a lot because never took care of my pair,... I bought the pair many times in 2014, 2013, 2015,... I think,... at levels of above 100 also,.... Then when dropped to 95, bought some more,... then forgot abt it,....Then this year,... 70+ only,.... CUTLOSS !!!!!! Just sharing only,.... don't know if right to learn from me or not. QUOTE(paogeh @ Nov 28 2019, 02:19 PM) im one of the losers as well . ok lah I share a bit my pain...Started back in 2006 , till now still losing ....BIG ... some time back bought a few hundred k myr worth of bitcoins...these went up to about 2.5 mil...then invested them in some other ventures...long story short...2.5 mil gone...hahaha got other painful stories but one is enough lah for the day... |
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Nov 28 2019, 06:55 PM
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Senior Member
9,354 posts Joined: Aug 2010
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QUOTE(mrbigggyyy @ Nov 28 2019, 02:15 PM) hey don't forget me le! lol QUOTE(paogeh @ Nov 28 2019, 02:19 PM) im one of the losers as well . Started back in 2006 , till now still losing ....BIG ... QUOTE(dwRK @ Nov 28 2019, 06:44 PM) happy to meet up bro one of these days Tq bro for all replies,.... ok lah I share a bit my pain... some time back bought a few hundred k myr worth of bitcoins...these went up to about 2.5 mil...then invested them in some other ventures...long story short...2.5 mil gone...hahaha got other painful stories but one is enough lah for the day... So,.. must organise a losers' gathering soon,... not winners' gathering,.... For those of us who have already lost,... $$ gone already,... nothing much can be done except to look forward to new investments,... Bro paogeh,... if you're still holding-on to losing open positions, maybe can consider cutting loss to salvage what ever you have to fight another day,.... |
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Nov 28 2019, 07:20 PM
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#2438
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Senior Member
663 posts Joined: May 2007
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QUOTE(paogeh @ Nov 28 2019, 02:19 PM) im one of the losers as well . Have read through the past 2 months of this thread. Looks like you have the mental toughness to withstand big losses but a small heart for big wins. A big taboo in FX.Started back in 2006 , till now still losing ....BIG ... A very flawed trading method. This post has been edited by sunnyK: Nov 28 2019, 07:20 PM |
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Nov 28 2019, 08:30 PM
Show posts by this member only | IPv6 | Post
#2439
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Junior Member
124 posts Joined: Oct 2019
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QUOTE(dwRK @ Nov 28 2019, 06:44 PM) happy to meet up bro one of these days ICO? i had my fair share of coins going to 0! LOLOLok lah I share a bit my pain... some time back bought a few hundred k myr worth of bitcoins...these went up to about 2.5 mil...then invested them in some other ventures...long story short...2.5 mil gone...hahaha got other painful stories but one is enough lah for the day... |
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Nov 28 2019, 08:31 PM
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#2440
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Junior Member
124 posts Joined: Oct 2019
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QUOTE(sunnyK @ Nov 28 2019, 07:20 PM) Have read through the past 2 months of this thread. Looks like you have the mental toughness to withstand big losses but a small heart for big wins. A big taboo in FX. yes sir.. martingale trading is like that 1A very flawed trading method. |
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