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 Forex Version 20, Foreign Exchange Market Discussion

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dwRK
post Aug 15 2019, 09:04 PM

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QUOTE(Champinidan @ Aug 15 2019, 08:34 PM)
They have quite regular registration, on Saint-Vincent and Grenadines, as 90% of forex brokers have. In my opinion, this is not an indicator and not the criterion for comparison, as it is similar almost for every brokers-competitors. That’s why it`s more important from my point of view to learn the trading conditions and the quality of service in general (money deposit, withdrawal and so on).
*
Lol

If you trading account $1k maybe

Registration and regulation are two different thing
dwRK
post Sep 15 2019, 08:29 AM

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QUOTE(paogeh @ Sep 15 2019, 02:45 AM)
abit of background , why i started this .
Recently , ppl shared with me PAMM account that , average 3--5% monthly .....
after review/study , not happy with the findings/result.
Prefer to DIY .
The account started USD2K .....
as got hit with losing trades, i hang-on them with additional capital.
total add on USD11K + 2k original === USD13K 
*As Friday closing , acc ==USD25K  ,
Reset acc to USD10K , 
withdraw USD15K to backup account.  (USD5K with wire/TT/Credit-card  back)
**Reserve fund , USD10K at ICM + Own OCBC-360 (RM30K standby)
*
How long did it take to ~double?
dwRK
post Sep 16 2019, 12:06 AM

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QUOTE(paogeh @ Sep 15 2019, 11:10 PM)
Didnt really calculate

In my wild days, using 500:1 ...
every USD1000, i scapled 3 standard lot == TP = 2pip to 3 pips
I can double the acc DAILY .....
and usually burst the account within 1--2 weeks .....

now, being more conservative , 5% per day is considered GOOD.
Main objective , keep the acc alive at all cost.
USD500 per day is good income .
*
Thanks. 5% a day is more than good

Yeah staying alive is crucial... slow n steady for the win thumbup.gif

This post has been edited by dwRK: Sep 16 2019, 12:17 AM
dwRK
post Sep 17 2019, 09:51 AM

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QUOTE(Hansel @ Sep 17 2019, 09:13 AM)
I burnt RM800k recently by cutting loss in my AUDJPY pair,.... biggrin.gif  biggrin.gif  biggrin.gif

Oddly,... I don't feel that bad abt it !!!
*
I always tell ppl we are blessed and fortunate to have money to burn... wink.gif
dwRK
post Sep 17 2019, 12:30 PM

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QUOTE(Hansel @ Sep 17 2019, 10:29 AM)
That's a positive way to look at it !  biggrin.gif

Well,... at least we have 'sportsmanship' - if loses, then pay up !

I read in an article last month that many American private banking clients litigated against their private banks when they lost money, claiming that their pb rms did not explain all the risks to them. But for us/me,... we just cutloss and take the loss gracefully,...

biggrin.gif

I held the pair for so many years,... bros,... and it keeps falling,.... biggrin.gif

But,.......bros,...........I'm noticing that the AUD is TURNING AROUND !!! AM I RIGHT ??!!??

Opinions pls ??

I looked at 3-year charts, 200 ma, AUDJPY and AUDMYR... the signal is turning around,... am I right ?? Anybody starting to go long on the AUD now ??? Good money leh,....
*
Human nature lor... always other people's fault...

Daily chart 'may' do a 1-4 days pullback to 72.5~73 then bounce...just have to monitor and see lor... weekly looks ok but need to break 74.5... monthly broke down looks like testing support turn resistance...if it is stop hunt then should go back up...otherwise sayonara

Good luck man...

Ps...dont revenge trade pls wink.gif

This post has been edited by dwRK: Sep 17 2019, 12:45 PM
dwRK
post Sep 18 2019, 04:48 PM

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QUOTE(waghyu @ Sep 18 2019, 02:22 PM)
Good luck to all, awaiting news later today and market jolt. Hope to collect more peanuts.
<a href='https://pictr.com/images/2019/09/18/5lM2Nl.jpg' target='_blank'>https://pictr.com/images/2019/09/18/5lM2Nl.jpg </a>
*
What are you scalping? % is what...entry vs exit?
dwRK
post Sep 18 2019, 05:05 PM

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QUOTE(johnnyzai89 @ Sep 18 2019, 04:54 PM)
i've asked him twice to share his entries, SL exit etc but he's ignoring me and continuously posting some random % numbers lolol
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It's fine he doesn't wanna share all the details...especially his position sizes...but I agree a bit more details would help in showcasing his skills wink.gif
dwRK
post Sep 18 2019, 05:11 PM

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QUOTE(paogeh @ Sep 18 2019, 02:13 PM)
all the 11 x0.81 BUY EURUSD lot ,  TP= 1.1078 ......... highest was 1.1075 ....
didnt hit .....

closed manually ~1.1066 ......profit USD28xx .....
As now ....
Net 2019 === USD100+ profit
Net SEP == USD18K  profit
Left open a few SELL lot .
*
Nice thumbup.gif

You specialized only eurusd?
dwRK
post Sep 19 2019, 10:40 AM

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QUOTE(paogeh @ Sep 19 2019, 02:18 AM)
user posted image

Fed cut rate.
Eu tank as expected.
*
Stay past 2am to close?... you are very hardworking and deserves the big win thumbup.gif

Congrats man. How much time you spend trading per day?

And thanks for replying earlier...not withstanding the 2am dip, just noticed futures daily candles showing a different posture vs spot...

This post has been edited by dwRK: Sep 19 2019, 10:53 AM
dwRK
post Sep 19 2019, 10:43 AM

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QUOTE(waghyu @ Sep 18 2019, 05:28 PM)
Cheers bro, small money only at stake. I just interested on steady growth. Sorry for not disclosing other key performance parameters.
*
You're like telling people you bought a sports car and just show the petrol receipt...real funny smile.gif

This post has been edited by dwRK: Sep 19 2019, 10:52 AM
dwRK
post Sep 19 2019, 11:07 AM

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QUOTE(TradeMinim @ Sep 19 2019, 10:59 AM)
Man so many ppl posting results here with not a single myfxbook to be seen biggrin.gif
*
You post your's to get the ball rolling lor
dwRK
post Sep 19 2019, 12:19 PM

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QUOTE(dwRK @ Sep 17 2019, 12:30 PM)
Human nature lor... always other people's fault...

Daily chart 'may' do a 1-4 days pullback to 72.5~73 then bounce...just have to monitor and see lor... weekly looks ok but need to break 74.5... monthly broke down looks like testing support turn resistance...if it is stop hunt then should go back up...otherwise sayonara

Good luck man...

Ps...dont revenge trade pls wink.gif
*
QUOTE(Hansel @ Sep 17 2019, 12:49 PM)
Appreciated your charting details,.... my rm related to me a few weeks back that 70 is the strongest floor ever for this pair ! But having observed the plunge in the last few months,... and that Kuroda fella not willing to signal any further stimulus from the BOJ, I decided to cutloss. Cut with two positions - 74.(something) and then 72.(something)...can't remember,....

When I first bought these pairs in 2013 and 2015,.... it was upward movement ALL THE WAY. PERHAPS I SHOULD HAVE CUTLOSS EARLIER,..

No revenge trade, bro,... not taking it too personally,..

...not like someone stole my world-class, trophy girlfriend from me,... biggrin.gif  biggrin.gif  just dough here only-lar,...
*
user posted image

Coming down nicely... now wait and see how it bounces if any...

Btw...old saying is the more prices test support (eg 70)...the stronger...new saying is the opposite... probability of breaking is higher...
dwRK
post Sep 19 2019, 12:36 PM

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QUOTE(TradeMinim @ Sep 19 2019, 11:41 AM)
Sure, here are some of my accounts and results
Trade Minim
*
Awesome... nice work there thumbup.gif

And thanks for sharing

This post has been edited by dwRK: Sep 19 2019, 12:42 PM
dwRK
post Sep 20 2019, 05:56 AM

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QUOTE(e_X @ Sep 20 2019, 12:57 AM)
Bro, if you have very big capital consider finding a good trader with a good track record.

Example if you want to trade USD100,000 you can make a deal with 10% drawdown.

Use USD90,000 of your capital and other USD10,000 is the trader capital.

If he hit the 10% drawdown the deal is off and you can make the profit split is like 40-60.

You can monitor his trade every day if you want.

Never see a man with money doing the hard work in the trading market before  cool2.gif
*
This is diy copy trade issit? Their take is so much. I've seen a few brokerage their take is less than 1-2%...
dwRK
post Sep 20 2019, 10:54 AM

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QUOTE(lowya @ Sep 20 2019, 10:27 AM)
anyone here trade successful purely on statistical (e.g. ATR approach) and disregard all TA & FA?
*
ATR is part of TA
dwRK
post Sep 20 2019, 02:55 PM

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QUOTE(johnnyzai89 @ Sep 20 2019, 02:04 PM)
i think he meant funding traders.. and then taking a cut from their profits
*
Yeah I should have written properly... "diy copy trade" doesn't convey properly...sweat.gif

Just thinking that the profit cut sounds excessive
dwRK
post Sep 20 2019, 02:57 PM

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QUOTE(paogeh @ Sep 20 2019, 02:13 PM)
for witdrawal of USD to malaysian banks,

So far i used HSBC , not much issue.

Any other good banks to recommend ?
*I heard Public bank reject the wired back funds.

Planning to spread out the witdrawal to several banks.
*
Or sell to the ppl here who wanna open/fund their accounts lor
dwRK
post Sep 20 2019, 04:21 PM

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QUOTE(paogeh @ Sep 20 2019, 03:07 PM)
really ?

I though only scam broker allow to sell to other members....
*
Just an idea...in other threads always got ppl asking how to open SG bank account, how to xfer RM to SGD to USD to overseas broker account, etc. May not be so feasible to be honest. I got a bit of USD and once a while relatives will ask to buy from me... but not for brokerage lah. Also ppl sending kid overseas you can offer a win-win rate, etc...

On second thought maybe just ignore sweat.gif to be honest need some work to advertise / system to protect each other from scammers, etc. Also rich people don't need to squeeze every drop... biggrin.gif also some brokerage don't accept xfer from 3rd party.

This post has been edited by dwRK: Sep 20 2019, 04:39 PM
dwRK
post Sep 20 2019, 08:21 PM

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QUOTE(johnnyzai89 @ Sep 20 2019, 04:21 PM)
*
QUOTE(e_X @ Sep 20 2019, 07:42 PM)
*
Thanks guys... learn something new today
dwRK
post Sep 20 2019, 10:09 PM

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QUOTE(paogeh @ Sep 20 2019, 07:27 PM)
Eu dropping

Floating profit
user posted image
*
Just realized... so roughly you're making about 10% per day over your account?

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