Finally crossed 10k pips gain after 6 months of trading.. huhu..

Plan to stop next two weeks due to midterm US election, anyone does the same thing?

6 Nov is the election date. Personal view I think most of the traders will start to rest from next week onwards to end of election or after one or two days (depends on the result's impact and volatility).

Oh yea forgot to mention DST change on next week too so may impact as well.

This post has been edited by gasing: Oct 27 2018, 12:51 PM

Hi bro, mind if I ask what is the outstanding ability? How much of % return can he generates per month on average?

Many thanks!

Finally broke 5k pips by end of July

Haters gonna hate.

You can PM me and I will share you my verified myfxbook link with Axitrader.

Any active Msia traders group here?

I only trade EURUSD.

Cmk96 already seen my link 🙂

Personally I would only recommend x500, because that's what most of the decent forex broker can offer.
Used Axitrader, Pepperstone and ICMarkets all worked well for me

Don't even bother about considering whether they are b book brokers as those offer >50x leverage is basically belongs to b books or even worse.

What you should only consider and worry is only your consistent profit and hassle free withdrawal.

What's upppp guys.

Finally closed my EU longs, been holding since end of August. Shiok shiok. Bad part is swap took about 15% of my profit (*I hate getting in longs for swing trade)

Hoorayyy!

Nope, I only trade EU pair and I have multiple long from 1.095 to 1.087 ready for swing trade.
I sad now because never trailing profit

Alot of traders are in short because it is in downtrend for the past 1-2 years but fail to realise that a pullback can always be sharp and goes up 200-300 pips.
Martingale is workable but sufficient capital** for the pullback is needed as well.

Sharing to you all about the EU cycle which I think is very interesting based on the cycle breakdown. It was meant to rally till 1.2 imho (close to current's price).



This post has been edited by gasing: Oct 20 2019, 12:59 AM

Further to this, we may be in the new 16 years cycle which can potentially bring EU to a higher level and 1.088 could be the lowest you can see in near years.

Who knows

How about the proxy called ECU?

How about deriving the ECU thru the approximate national currency weights to ECU value (you can get from Wikipedia)?

Imho target achievable, however retracement may occur since we are near to supply zone

You mean something like this?

You may still need others indicators like RSI, MACD, ATR etc and Volume for pairs etc

Looking at Dollar Index bearish since it reached higher high at 99.45 - 99.70 (100 is a hard resistance because mentality tells us it's a resistance)
It has divergence on daily and H4 too.

Bet on it will break rising wedge (it broke ) and searching for another low.
From past break, it has similar drop range, can see from the box.

Dilemma here is that it's about to reach the bottom of channel + low daily RSI + Previous support about 97.00.
However, on daily candlesticks showed three black crows and ready to break and search for lower low.

Imho the risk quite high to take swing trade here. Scalp is fine but with right RR.



In the meanwhile, GBP and EUR are still about the Brexit news and hence nothing much to talk about : volatility

My 2 cents.

Stick to my original plan, Dxy retrace from the channel.

Short EU (abt +35pips now @ 1.11440), reaching TP1 with good RR. (that was a good place to short )

Daily candle looking good, smaller timeframe indicate a further drop with high chance but approaching H1 EMA50 which may struggle (time to earn some swap).

Agree on it is still hard to determine the direction of EU now.

Imho at current trend only can consider the drop as retracement.

Anyway to me I am sticking to my original plan still. I am seeing lower timeframe forming bear flag. My short scalp TP should be about 1.1125.