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 Forex Version 20, Foreign Exchange Market Discussion

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mrbigggyyy
post Nov 27 2019, 12:29 PM

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QUOTE(Hansel @ Nov 27 2019, 11:44 AM)
Tks akib,....

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%.  shocking.gif  shocking.gif

I wouldn't want to short AUDJPY too with the above news. I'll just stay away,...

Better I go long SGDMYR,....
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haha bro, i hope one day can meet you and go for a yumcha session! would really love to hear your journey and your experience! smile.gif
mrbigggyyy
post Nov 27 2019, 04:45 PM

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QUOTE(paogeh @ Nov 27 2019, 03:29 PM)
since we are talking what the direction of the pair.

what are the sure things going forward ?
not limited to FX  .

*pls exclude death/taxes .
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Index fund.. it's the 100% sure get rich fund.. it's just a matter of time
mrbigggyyy
post Nov 27 2019, 08:20 PM

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QUOTE(dwRK @ Nov 27 2019, 05:01 PM)
assuming able to tahan -50% drop wink.gif
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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
mrbigggyyy
post Nov 27 2019, 09:08 PM

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QUOTE(dwRK @ Nov 27 2019, 08:39 PM)
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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it's ok.. after 30 years will be multi-millionaire haha
mrbigggyyy
post Nov 28 2019, 02:15 PM

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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,....

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,.... biggrin.gif  biggrin.gif

Then when dropped to 95, bought some more,...  biggrin.gif  biggrin.gif  then forgot abt it,....

Then this year,... 70+ only,....  biggrin.gif  biggrin.gif

CUTLOSS !!!!!!

Just sharing only,.... don't know if right to learn from me or not.
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hey don't forget me le! lol
mrbigggyyy
post Nov 28 2019, 08:30 PM

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QUOTE(dwRK @ Nov 28 2019, 06:44 PM)
happy to meet up bro one of these days smile.gif
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...
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ICO? i had my fair share of coins going to 0! LOLOL
mrbigggyyy
post Nov 28 2019, 08:31 PM

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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.
A very flawed trading method.
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yes sir.. martingale trading is like that 1
mrbigggyyy
post Nov 28 2019, 08:36 PM

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QUOTE(Hansel @ Nov 28 2019, 06:55 PM)
Tq bro for all replies,....  thumbup.gif

So,.. must organise a losers' gathering soon,... not winners' gathering,....  biggrin.gif

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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eagerly waiting for the gathering! smile.gif
mrbigggyyy
post Nov 29 2019, 01:33 PM

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QUOTE(sunnyK @ Nov 29 2019, 01:09 PM)
Haha. You have your point.
However , i observed that the FX market is both fair and open for any one with an account to execute their entries and exits  to and as exactly similar to what is infront or available to a pro trader.
Technology ,informatipn flow and brokers competition  has helped the present day retail traders a lot.

The only different is the knowledge for those executions. In another words ,to develop a sustainable  edge over the market.
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macam yes
mrbigggyyy
post Dec 1 2019, 05:19 PM

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QUOTE(czai84 @ Dec 1 2019, 11:36 AM)
Do you mean the XM zero account?

anyway, I'm going to open a 2nd account with another broker, any suggestion from sifus here?  biggrin.gif
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u can check out IC Markets or Pepperstone.. both really good and legit brokers
mrbigggyyy
post Dec 2 2019, 05:07 PM

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QUOTE(fulltimedad @ Dec 2 2019, 03:44 PM)
Hi guys, new here to expose with local trading community. Wish everyone green trading week ahead.
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hehe cute profile pic biggrin.gif
mrbigggyyy
post Dec 2 2019, 07:58 PM

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QUOTE(fulltimedad @ Dec 2 2019, 06:44 PM)
😅 Find nothing better for my username.

So what is the trading style apply by sifu sifu here? Myself been exposed to fx trading more than 18 years but for the past 16 years more to on off noobie gambling style.

Past 2 years determine to make things right in education and now I'm focus in trend pullback and counter trend with 28 major pairs.
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all sorts of traders here haha

maybe you can start and share some setups that you are looking at smile.gif
mrbigggyyy
post Dec 4 2019, 01:38 PM

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QUOTE(fulltimedad @ Dec 4 2019, 12:34 PM)
https://www.tradingview.com/x/QeT5le02/

forum cant edit post anymore? lol
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looks decent.. waiting for sellers momentum to die out first
mrbigggyyy
post Dec 4 2019, 07:39 PM

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QUOTE(Archemedia @ Dec 4 2019, 06:28 PM)
why YEN pairs sudden spike? no news @ FF??
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trump.. money is flowing into safe haven currencies right now
mrbigggyyy
post Dec 5 2019, 03:10 AM

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QUOTE(Archemedia @ Dec 5 2019, 02:02 AM)
[attachmentid=10369006]

Breakeven soon...  nod.gif
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All the best man! biggrin.gif
mrbigggyyy
post Dec 5 2019, 02:17 PM

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QUOTE(fulltimedad @ Dec 5 2019, 11:44 AM)
Instead of GJ, went for GZ cause saw seller fade out but TP lower due to NZD strength as well.
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waa nice.. which school of thought are you from? are you mostly price action based?

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