down she goes as anticipated... will myr continues to strengthen?... no idea but probably...



if trading it... huat the way up liao... hopefully huat the way down also... take it one day at a time...

good luck folks... des why must learn to filter the news noise...

example shows 8% risk at the worse conversion rate, for 16%+ return... so a 2 to 1 reward to risk ratio...

huat ah for the folks who converted and make full use of their usd...

i remember you mention something about being in cryptos... congrats!!! double win for you...

both parties have been increasingly attacking china... trump is more forceful is all...

pls guys... my sushi, kimchi n bbq dinner gonna be a lot more expensive... pity us locals here...

next pit stop gonna be 4.5... lets see how soon we get there...

this week 4.43.... 100% correct... or 100% wrong... hahaha...



profit liao if you short around 4.4 pivot as mentioned few weeks back... profit again if buy back at the green band...

reached faster than i tot...

for the charting and pattern lovers...





This post has been edited by dwRK: Nov 13 2024, 10:05 AM

not to upset n miss out support n resistance folks...




This post has been edited by dwRK: Nov 13 2024, 10:34 AM

one of three possibilities...

question is how soon and how much?...

near targets can come back to chat and discuss in a week or so... far targets may have to wait a year or two... or never...

while is good to have an outlook... if one wants maximum extraction from the market... one needs to manage it one day at a time...

prefer to leave all the forecasts and projections to the professors and professional economists...

it depends on your options...

eg i get good rates at rhb mca... but if i send small sum out it may be more expensive than wise or sunway...

eg sunway rates not good vs wise... but sending fees cheap so ended up best option...

usd retraced from monthly resistance zone as expected...


is also daily resistance level... but we now got weekly support and shoulder line support below...


according to some ppl... this is bullish for usd... gg for myr...


trade school will tell you... wait for breakout before entering... do nothing now... potential test of weekly and shoulder line supports...

for the uncles and aunties... we are not trading usd.myr lah... usd is just transitional instrument... need usd to chase nvda or tsla... myr tak laku...

sekian weekly update...

have a good weekend everyone

what is your purpose buying usd?... then folks here can better advice how best to do it...

rhb has the best rate but to open acc you need rm20 for the debit card

wise is probably next best option... low spread but higher fees

other method you need to jump through hoops... usd acc to ibkr... convert to sgd... ibkr withdraw sgd to cimb sg... cimb sg convert to myr send to cimb my...

iirc... some sg ppl used ibkr as "money changer"... just convert one currency to another then withdraw... they got warning letter or something...

probably...

if one transfer small amount... fx spread+fees/amount is high... so any small savings helps

i prefer convenience...

usd.myr... no crashes here... continue with direction and channel last week... no new story to tell...

same as brexit... let them get what they voted for...

broke channel... upwards...