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Investment Forex Version 21, Foreign Exchange Market Discussion

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CallOfLegend
post Dec 9 2019, 07:19 PM

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QUOTE(mrbigggyyy @ Dec 9 2019, 07:13 PM)
where is your entry? interested to know what made you long it? you trading H4/H1 timeframe?
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Entry 1.1065. H1 tf. Trade using elliot wave tuned to my experience. Sorry no screenshot lazy to take. No guarantee will work. Just sharing.
Alan Andrews
post Dec 9 2019, 08:59 PM

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QUOTE(dwRK @ Dec 9 2019, 03:05 PM)
you trade only on macd divergence?
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Yep. Almost all my trades are primarily based on MACD divergence/convergence setups. Purely technical. smile.gif


This post has been edited by Alan Andrews: Dec 9 2019, 11:06 PM
balf
post Dec 9 2019, 09:20 PM

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QUOTE(CallOfLegend @ Dec 9 2019, 07:09 PM)
I currently long eurusd to tp 1.1175. sl 60pip.
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my analysis is..if it bounce after hit the resistance at 1.1040, long it. First target 1.1100, 2nd target 1.1150. SL I set 30pip.
TSdemolationz
post Dec 9 2019, 11:52 PM

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Market very slow today for me. Managed to catch few pips. yawn.gif

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dwRK
post Dec 10 2019, 09:37 AM

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QUOTE(Alan Andrews @ Dec 9 2019, 08:59 PM)
Yep. Almost all my trades are primarily based on MACD divergence/convergence setups. Purely technical. smile.gif
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cool...you drawing the latest divergence from mid oct?

tia
Shengz
post Dec 10 2019, 03:33 PM

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QUOTE(dwRK @ Dec 8 2019, 02:07 PM)
same card you used for deposit?
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I was thinking to deposit using debit card(because they allowed debit card) which link to saving account, and make withdrawal through it.

Maybe no name was embossed on the card hence why it was rejected, they did ask to try another card from DBS, HLB or Alliance Bank thought. But I don't have one, so just deposit by credit card then.
hft
post Dec 10 2019, 06:59 PM

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Selling EU GU spike and buying UC dips ahead.
dwRK
post Dec 10 2019, 09:07 PM

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QUOTE(Shengz @ Dec 10 2019, 03:33 PM)
I was thinking to deposit using debit card(because they allowed debit card) which link to saving account, and make withdrawal through it.

Maybe no name was embossed on the card hence why it was rejected, they did ask to try another card from DBS, HLB or Alliance Bank thought. But I don't have one, so just deposit by credit card then.
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bro paogeh using no name bigpay no problem... maybe is mbb... I rmb got lots of settings and approvals for the card. you asked about withdrawal that's why I asked if it's the same card used for deposit
Alan Andrews
post Dec 10 2019, 10:52 PM

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QUOTE(dwRK @ Dec 10 2019, 09:37 AM)
cool...you drawing the latest divergence from mid oct?

tia
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Yep, comparing October’s peak and current high. smile.gif

Hansel
post Dec 11 2019, 12:19 PM

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QUOTE(paogeh @ Dec 8 2019, 10:50 PM)
@hansel,

Just wondering , have u considered carry trade  through 2 broker .

1st broker == pick the higest swap pair .
2nd broker == pick no SWAP account , open opposite direction of the 1st pair.

collect interest daily.
balance the 2 acc once a while.
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Sorry bro,...missed this post earlier,... been very busy over wife and children who came back for holidays and preparation for driving adventure in Europe.

I did consider this earlier,.. but effectively, the two positions will cancel out each other at any point in time. You can collect interest in one direction but you will need to pay interest for the same pair in the opposite direction. I can't envisage how to collect interest from the same pair in both directions,... egs,...

Buy AUDJPY and Sell AUDJPY.
paogeh
post Dec 11 2019, 02:50 PM

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QUOTE(Hansel @ Dec 11 2019, 12:19 PM)
Sorry bro,...missed this post earlier,... been very busy over wife and children who came back for holidays and preparation for driving adventure in Europe.

I did consider this earlier,.. but effectively, the two positions will cancel out each other at any point in time. You can collect interest in one direction but you will need to pay interest for the same pair in the opposite direction. I can't envisage how to collect interest from the same pair in both directions,... egs,...

Buy AUDJPY and Sell AUDJPY.
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Hansel,
no problem.


it';s 1 pair , 2 trades at 2 brokers.

Eg AUDJPY


Open same time :
Broker A that pay swap - LONG AUDJPY
Broker B swap free acc - SHORT AUDJPY

Once a while do balancing for both trades.

In teory , collect swap .




Hansel
post Dec 11 2019, 03:09 PM

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QUOTE(paogeh @ Dec 11 2019, 02:50 PM)
Hansel,
no problem.
it';s 1 pair ,  2 trades at 2 brokers.

Eg AUDJPY
Open same time :
Broker A that pay swap - LONG AUDJPY
Broker B swap free acc - SHORT AUDJPY

Once a while do balancing for both trades.

In teory , collect swap .
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Well,... I seldom short,... for if the direction is wrong, the losses can pile-up if no stoploss setup properly.

I think,... the time-period allowed on a swap free SHORT AUDJPY position or trade should be very short. No broker would allow too long here.
Alan Andrews
post Dec 11 2019, 03:25 PM

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QUOTE(Alan Andrews @ Dec 9 2019, 01:37 PM)
Very nice MACD divergence forming in GBP pairs (daily chart). It might be a good idea to start scaling-in short orders in GBPUSD, GBPCHF and GBPCAD. Don’t over leverage. Less is more. GL and Happy Monday. smile.gif
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Just manually exited all GBP shorts:

GBPUSD (from 1.314x-9x) closed here at 1.3125.
GBPCHF (from 1.302x-4x) closed here at 1.2927.
GBPCAD (from 1.745x-7x) closed here 1.7368.

I was targeting the daily EMA20 for these pairs but I decided to close all my orders prematurely in anticipation of tomorrow’s GE (I prefer to avoid the fundamental chaos). GL and Happy Trading smile.gif



dwRK
post Dec 11 2019, 04:14 PM

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QUOTE(Alan Andrews @ Dec 11 2019, 03:25 PM)
Just manually exited all GBP shorts:

GBPUSD (from 1.314x-9x) closed here at 1.3125.
GBPCHF (from 1.302x-4x) closed here at 1.2927.
GBPCAD (from 1.745x-7x) closed here 1.7368.

I was targeting the daily EMA20 for these pairs but I decided to close all my orders prematurely in anticipation of tomorrow’s GE (I prefer to avoid the fundamental chaos). GL and Happy Trading smile.gif
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nice.

ge being a brexit event ... I guess anything UK and Europe will be affected
hft
post Dec 11 2019, 06:55 PM

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QUOTE(hft @ Dec 7 2019, 10:47 AM)
Gambling setup performance...
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Gambling setup already exceeded initial capital. Snowballing and taking more risks.

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ruben7389
post Dec 11 2019, 07:18 PM

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QUOTE(dwRK @ Dec 10 2019, 09:07 PM)
bro paogeh using no name bigpay no problem... maybe is mbb... I rmb got lots of settings and approvals for the card. you asked about withdrawal that's why I asked if it's the same card used for deposit
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Same question I had. My brokers reply was:
There is a possibility we request for an official document you need to get from your bank confirming that your card can recieve funds back thats why i recommend you to first ask your bank and insist with them

Trying to find out more info before I make initial deposit

This post has been edited by ruben7389: Dec 11 2019, 07:34 PM
l4nc3k
post Dec 11 2019, 07:36 PM

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QUOTE(hft @ Dec 11 2019, 06:55 PM)
Gambling setup already exceeded initial capital. Snowballing and taking more risks.

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Got setup PAMM or some similar plan ah? Ride the boat with you tongue.gif
hft
post Dec 11 2019, 08:01 PM

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QUOTE(l4nc3k @ Dec 11 2019, 07:36 PM)
Got setup PAMM or some similar plan ah? Ride the boat with you tongue.gif
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No PAMM bro, ICMarket MT4 normal account.
ched6560
post Dec 11 2019, 08:07 PM

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QUOTE(paogeh @ Dec 8 2019, 10:50 PM)
@hansel,

Just wondering , have u considered carry trade  through 2 broker .

1st broker == pick the higest swap pair .
2nd broker == pick no SWAP account , open opposite direction of the 1st pair.

collect interest daily.
balance the 2 acc once a while.
*
Good idea.

I have friend work with broker. He tell me that a lot trader try to do this method.

Normally they'll know. But after a few month, etc. So, that trader can make a profit for that time. Once they detect, they will advise that trader to stop trade with them.


Alan Andrews
post Dec 11 2019, 10:58 PM

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QUOTE(dwRK @ Dec 11 2019, 04:14 PM)
nice.

ge being a brexit event ... I guess anything UK and Europe will be affected
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Yeah, I’m glad I got out earlier. The GE will definitely cause volatility and Gbp pairs are known to be extra “dramatic” 😂

The daily charts (for GBPUSD and GBPCHF) are still “screaming” sell.. but I prefer to wait for a better entry (new high). If we get a nice spike tomorrow, I plan to scale-in tiny short orders. smile.gif




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