Finally broke my TP exactly 11mths

Let’s see whether they can stay below 76 for how long because seems like by next week bullish run is back to 77 range

Close to 40% gain

Not really

A lot of institutional are still holding longer than me because they believe it will break 80

I was shocked because it hit my dummy SL into become TP last night because i never thought it will go below 76

Maybe it is fate for me to take profit after so long

Seems like every time UST10 hits 1.64 DXY is running

Just bought some options on DXY to head up to 94.70 currently crazy at 92 plus

Wait once it hit start 4.22 and for sure overshoots to 4.3

Yes due to BNM controls to prevent and circumvent money outflow to overseas

The country is not bankrupt but the government is due to a lot of debts and bond issuances

BNM won’t start printing more money because their 1st defensive mechanism to issue more bonds but will be soon useless because the bond ratings are dropping to B soon to be C grade

The other defensive mechanism is the OPR which will be disaster if they start lowering to 1.5% or below which is highly likely depending on RM movements

The last mechanism would be start printing money and devalue and dilute currency if the RM hits below 4 and getting stronger because Malaysia export oriented cheap labor economies

Either way RM is dead and won’t be go back to glory days in 1995 because useless government and BNM in place at the moment who has no idea on how to stimulate the economy

You will see JPY and SGD will at least appreciate against RM even with the weak sentiments in the respective countries

SGD will be soon 3.20 and JPY will be 3.50 anytime soon

As long as ppl in Malaysia have a roof and meal then nothing will happen even though RM is devaluing day by day

No matter how it is because of the attitude and education level hence developed nation will be a pipe dream and I won’t be surprise by 2030 RM5 to USD

You should see other ts holding AUDJPY longer than that

My longest usually 8 to 10 months or 3 quarters for some reason

Try trading less and learn to make 1000 to 3000 pips instead which how the pros does it

Which is why you need to trade less and long hold or short based on macro

This what’s we called positioning and you need to position the best to endure any volatility

Looking at % to loss already 3 to 1 ratio hence if you keep on going for a year easily wipe out the gains

Is for risk management otherwise will be wiped out easily

Yes too much risk just for small rewards

Which is why too much risk and easily get wiped out

Go check back all your 288 trades and you will know why you get wiped out easily

Like your account you should know how’s to calculate instead of asking of me as you failed the 1st rule of FX

Which is why I don’t need to point out so obvious otherwise they won’t learn properly

Already shown by % how much risk yet stupidly asking for the ratio

I don’t need know as from the glance of results you have failed the risk ratio hence you willing know soon how fast capital gonna be wiped out easily

There’s 128 pairs for FX with 18 majors pair which have the most liquidity

Crypto there’s is more than 10 with high volumes and movements just that the major eyeballs only 4 and you can buy long and short and even through ETFs and trust