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Investment Forex Version 21, Foreign Exchange Market Discussion

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SUSxander83
post Jan 10 2021, 12:18 AM

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QUOTE(waghyu @ Jan 9 2021, 08:52 PM)
Put your money in your own MT4 account where only you have control over deposit and withdrawal. Prefered Australian based brokers due to certain flexible trading room. Let’s swim and make money. I’ll start tiny lots.
I dont link to myfxbook. Accounts are real. No need for you to signup for any courses at all.
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What brokers are you using currently that is based in Australia? Thanks
SUSxander83
post Feb 24 2021, 09:13 PM

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QUOTE(dwRK @ Feb 24 2021, 10:02 AM)
huat ah bro !!!

highest audjpy 108... cheering you all the way...  rclxm9.gif

need to frame up your entry and exit liao eh...  thumbsup.gif
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Still got a long way to go it might even overshoot 120 anytime by May rclxms.gif
SUSxander83
post Feb 24 2021, 11:09 PM

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QUOTE(dwRK @ Feb 24 2021, 10:44 PM)
too much to ask... lol

one day at a time man....one day at a time...
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If you buying long why worry because anything with AUD can’t go wrong anytime in the past 15years rclxms.gif
SUSxander83
post Feb 24 2021, 11:30 PM

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QUOTE(dwRK @ Feb 24 2021, 11:22 PM)
7 yrs of downtrend until last year... where have you been...  cool2.gif
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I bought AUDUSD pair most of the time by quarters hence never affected with exception of 2013

Most of the time 80% can swing high and never suffer much losses as it will hit my stop loss

I still long on my AUDUSD at .5626 and still upping my SL every week rclxms.gif
SUSxander83
post Feb 24 2021, 11:57 PM

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QUOTE(Lucas0323 @ Feb 24 2021, 11:40 PM)
Damn. How much is the swap?
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The swap it is crazy it is equivalent to 12cents to the dollar so technically now my AUDUSD now my portfolio is pricing at 0.92

If you see my friend who part of the team running forex for a major bank in Australia the trades are crazy they manage to get the bottom of 0.55 plus they are longing it to 0.88 by August their swaps if hits TP it will be pricing to 1.03 which another 15% gains

So imagine a billion another 150millions and their bonus this year is gonna be a million minimum guaranteed next week when hits 0.8
SUSxander83
post Feb 25 2021, 01:19 AM

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QUOTE(Razer_coc @ Feb 25 2021, 01:17 AM)
Have any of you guys used profit pips?
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By Mario Singh?
SUSxander83
post Feb 25 2021, 01:36 AM

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QUOTE(Supreme1394 @ Feb 25 2021, 01:25 AM)
6 years for me before finally finding what works. Hard work, blood, sweat, research, and some luck finding the needle in the haystack.
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Considered yourself lucky because I know people who took longer

Have to agree with you a lot of hard work to learn, blood for risk, sweat for volatility, research for time and luck for picks

Do you concentrate on G7, G10 or EM currencies during those time?
SUSxander83
post Feb 25 2021, 03:54 AM

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QUOTE(Supreme1394 @ Feb 25 2021, 02:08 AM)
Thank you. Yes, many have even given up halfway before reaching success. They end up thinking forex is a fool's game for retail traders, and maybe rightly so for the majority of retailers. I was also ready to throw the towel many times, but I just knew something had to work, if not the forex market would be dead and not trading billions everyday.

What I meant by hardwork, blood, sweat, research, and luck is finding a sustainable objective system + money management combo, that works. Once you've mastered it, no luck is involved, just boring trading.

I only ever focused on the G7 currencies, except for eurusd which I hate with a passion. Some people managed to tame that beast though.
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To me it’s good skill to learn and you will always learn because it’s 8 trillion dollar market daily which soon easily gonna be 10

Don’t worry EURUSD is the hardest play because it is most active pair which I am in the same boat learning as well

EM, G10, FC once you’re familiar you’re just baby steps away to the holy grail
SUSxander83
post Feb 25 2021, 10:51 PM

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QUOTE(Hansel @ Feb 25 2021, 02:14 PM)
Tq bros, for the opinions and the discussions,... in theory, when the RBA announces that they are stopping the bond repurchase program, the AUD might go higher. And,......... when inflation starts to affect daily lives,... the OCR might be raised from 0.10% now.

Will the AUD shoot thru the roof then ?
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Won’t happen until at FY23 after the mid year budget review

Plus next year it is election year so usually after mid term of a government rates will rise hence why FY24 will be the best time to increase OCR to at least 1 to 1.25

Inflation to hit 2% by early 23 probably will overshoot and bond buying will start tapering by mid 22 in order for the economy to rebalance

The bond buying will keep on going might smaller in size and longer in length to support weak underlying fundamentals

Unlike Malaysia the RM will not not soar to below to 3.97 to USD within this year but most likely possibly against AUD at 3.50 anytime this year which I am gladly want i5 to happen soon
SUSxander83
post Feb 26 2021, 04:07 AM

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QUOTE(Hansel @ Feb 26 2021, 02:45 AM)
I apprecaited all the timelines given,... but I'd choose to be more careful towards this.

If you meant to use the word 'soar' as strengthening,... saying the RM strengthening to 3.97 vs the USD, AND subsequently using back the same word : 'soar' against the AUD, this may not be so accurate anymore. Why ?

Because RM reaching 3.50 vs the AUD is weakening. And it's weakening very badly,... Furthermore, f the RM touches 3.50 vs the AUD,... then,.. it would touch 3.40 vs the SGD,..........  smile.gif

You're not the only one who would be happy for both of the currencies.
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Why not because RM and AUD correlation already broken when AUDSGD broke 1.02

It happens before when AUD was at 3.4 and SGD was almost 3.2

Currently AUDSGD already broken 1.05 anytime within Q2 I won’t be surprised overshooting to 1.08

RM now fair value with weakening USD should be at 3.98 atm but it is artificially at 4.03 thanks to BNM
SUSxander83
post Feb 26 2021, 08:21 PM

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QUOTE(doomvein @ Feb 26 2021, 05:12 PM)
Forex  haram.

USTAZ LARIBA SAID NOT ME..
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Don’t use money then

Use crypto instead rclxms.gif
SUSxander83
post Feb 27 2021, 01:11 AM

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QUOTE(jebonen @ Feb 27 2021, 12:59 AM)
Hi.... long time not log in here😁... buy/long Gold at 1717+-
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Bought into when it hits 1680 waiting whether breach 1745 next week willing be very happy
SUSxander83
post Feb 27 2021, 08:43 PM

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QUOTE(dwRK @ Feb 27 2021, 11:25 AM)
he can use halal coin... thumbup.gif
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We should start setting Halal Crypto backed by petroleum reserves and gold dinar

Confirm sure make money from those zealots rclxms.gif
SUSxander83
post Mar 9 2021, 07:46 PM

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QUOTE(Hansel @ Mar 9 2021, 04:51 PM)
Ok bro,... tq for the heads-up,.... watching here too and with the improving Aussie economy,.. I think still got legs,...
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Wait till Nov and see the legs will be still running

AUDUSD still today cannot breach my support level 0.758 even with rising yield and back now to lower 77
SUSxander83
post Mar 10 2021, 03:22 AM

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QUOTE(Hansel @ Mar 9 2021, 11:37 PM)
USD has been particularly strong recently. When the USD strengthens,... the JPY weakens badly,... I'm counting on this effect,... let's see,....
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Let’s see whether this Thursday bond yields will spike again but JPY a lot of institutional are pricing at 111 to the dollar by May
SUSxander83
post Mar 10 2021, 07:58 AM

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QUOTE(xnxx @ Mar 10 2021, 05:53 AM)
If US bond yields spike
That means lesser is holding US bonds

So USD will devalue?
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Not necessary true as depending who goes on spike the demands when the cost borrowing is higher

The key concern is the yield curve rising too fast hence the USD can fly higher with DXY hits even 94 if the 10uST goes up to 1.72

So we will see tomorrow yield action because it was tame rise yesterday
SUSxander83
post Mar 10 2021, 05:58 PM

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QUOTE(Hansel @ Mar 10 2021, 11:02 AM)
This is good news for me then,... tq bro,....
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Your positions is so strong that even downside won’t even hurt you as already to make profit it is just how much bigger rclxms.gif
SUSxander83
post Mar 13 2021, 10:20 PM

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QUOTE(sleepwalker @ Mar 13 2021, 09:41 PM)
I asked my friend in Australia to do transfer to my account, from his online banking no matter how he tries, it expects him to enter the 11 digit SWIFT MBBEMYKLXXX when Maybank is chosen but I only have MBBEMYKL as the swift code given to me by Maybank (after asking Maybank) because my account does not have the last 3 digit bank branch code. Not sure if this is an australia thing. My current broker in Malta does not have this issue but sometimes it fails for no reason. So I'm thinking of changing brokers after all these years.
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Technically to be precise 11 codes are so that it can swiftly transfer through correct bank branch of your account

The question is not the broker but the bank origin and bank destination transfer verification protocol failed due to insufficient character on your transfer

You be better off getting another bank account with another bank as Maybank are one of the worst to do international banking



This post has been edited by xander83: Mar 13 2021, 10:24 PM
SUSxander83
post Mar 18 2021, 07:31 PM

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QUOTE(Hansel @ Mar 18 2021, 04:36 PM)
Well,... if overnight, the AUDJPY falls to 62,... I'm in big trouble.  biggrin.gif
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It will take a world war or nuclear disaster too hit that level within a week massive sell off

Currently at 85.2 higher chances to upside to 90 rather than downside to 75
SUSxander83
post Mar 19 2021, 03:51 PM

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QUOTE(Hansel @ Mar 19 2021, 11:01 AM)
Tq bro,... it's win-all or lose-all here for me,... Leveraging is very high !  wink.gif
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Treat leverage and risk as your friend to win it all rclxms.gif

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