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MoneyFocus' thread of forex and fun

  • #101
  • Nov 20, 2017 12:49am Nov 20, 2017 12:49am
Quoting MoneyFocus
GJ attempting to breakout again. Has to go above 148 for any chance for the bulls, bulls' first hurdle would be 148.19.
Is this for real? Is this for real?

Cheers to GBP bulls.
  • #102
  • Nov 20, 2017 1:02am Nov 20, 2017 1:02am
AUD looking suspiciously strong today.
  • #103
  • Nov 20, 2017 1:31am Nov 20, 2017 1:31am
Quoting MoneyFocus
{quote} Is this for real? Is this for real? Cheers to GBP bulls.
Hopefully we will see a retest of 149???
Never Ever Give Up
  • #104
  • Nov 20, 2017 1:33am Nov 20, 2017 1:33am
Today so far.

Will the evening/night be better? I don't know, I'm tired....

PS: Yeah, I know if I just held EJ and Aud/Sgd, they should come down and I don't have to take those losses....but I'm a simple man who likes to close his books often and start fresh. The value of peace of mind...priceless.
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  • #105
  • Nov 20, 2017 1:41am Nov 20, 2017 1:41am
Potential outlooks:

1. GJ's if bullish breakout, will not just stop here. If bullish bias can be confirmed, re-buys are possible.
2. GU could be a better bet than GJ, in terms of stability.
3. I think the Euro and Aussie are still weak.
4. XAU/USD might see further downside if it slips past 1290.
  • #106
  • Nov 20, 2017 1:52am Nov 20, 2017 1:52am
While I stay sidelined, I would like to visit a pretty...touchy topic: selling of strategies/knowledge/systems/courses in forex.

Original topic: https://www.forexfactory.com/showthread.php?p=10510850

I mentioned in that thread that I would be willing to sell 3 principles that have guided me well and made my gains accelerate for USD 3,000, and thereafter, someone came after me calling me a fake for wanting to sell stuff. While I agree with him that any trader who is trying to sell you a course, signal or his trading system is probably a scam, I am of the view that knowledge is more of like how you read certain things, your principles.

I believe that every system will eventually fail. This is why you have seen me run accounts on SGD 5,000 only for the last 2 months. Once I feel that the system works, I integrate it into my main account, but eventually one day, that system will fail. As such, I'm continously on the hunt for new trading systems.

Now don't get me wrong. When I say trading systems, I don't necessary meant robotics. A trading system is your style, what you do, how you react to events. It is like Michael Jordan. During his first 3-peat of championships, he was more athletic and attacked the basket often. During his second 3-peat of championships, he settled into a mid-range game and involved his teammates more. However, his principles of hard work, tenacious defense and incredible footwork never changed.

I have also received some PMs who ask me about my disappearing Trade Explorer. Honestly, I don't know. That's some bug. Sometimes it doesn't show up etc etc. And a few guys unsubscribed from me because they can't see my Trade Explorer. Lol. I honestly don't care. If you subscribed and followed this thread, hints about my positions are littered everywhere. In any case, I'm far from being the best trader here, you do not have to PM me for tips lol. Cheers.
  • #107
  • Nov 20, 2017 1:59am Nov 20, 2017 1:59am
For those who are long on the Dragon, be wary of 148.49. How the price reacts there....could be crucial.
  • #108
  • Nov 20, 2017 2:02am Nov 20, 2017 2:02am
Opened a short on XAU/USD, 1290.83, not the best entry price, but I think downside risk is limited. Targeting an attempt to break below 1290.
  • #109
  • Nov 20, 2017 2:05am Nov 20, 2017 2:05am
Quoting MoneyFocus
My personal take on the Dragon: I think the trend is bearish, but we will see a relief rally. As with the Dragon, its movements are usually very violent. If the relief rally turns out to be strong and breaks past certain points (eg 148.80, high price volaility 148.94, 149.24), I think there will need to be a new assessment of my view of the bearish trend. For now, in the very short term, although I am of the view of a bearish trend, I would not short the GJ. I would only short if it dips below another support level, otherwise I would consider building...
Relief rally has turned out to be a decent rally. Please note that however, the stated key points of 148.80, 148.94 and 149.24 are not reached, so my take is still cautiously bullish.
  • #110
  • Nov 20, 2017 2:08am Nov 20, 2017 2:08am
Quoting MoneyFocus
For those who are long on the Dragon, be wary of 148.49. How the price reacts there....could be crucial.
Not bad, it made it 2 pips past, but well, the Dragon often over-shoots everything a little.
  • #111
  • Nov 20, 2017 3:03am Nov 20, 2017 3:03am
Very lucky to have picked up this signal.

26 minutes to create SGD 1,000 profit.
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  • #112
  • Nov 20, 2017 3:36am Nov 20, 2017 3:36am
Damnnit, Gold being a biatch and refusing to go down...
  • #113
  • Nov 20, 2017 3:44am Nov 20, 2017 3:44am
Quoting MoneyFocus
AUD looking suspiciously strong today.
AUD/USD @ 0.7574....high of the day. Could be time to look at this pair and think of possible short entries. Just hazarding a thought out, what do you guys think?

Quoting MoneyFocus
{quote} Relief rally has turned out to be a decent rally. Please note that however, the stated key points of 148.80, 148.94 and 149.24 are not reached, so my take is still cautiously bullish.
We breached 148.80 but fall shy of 148.94. I would no longer consider any more longs at this current point. Any longs would only be considered if we can push and settle above 149. The longer term trend however, is still bearish imo.
  • #114
  • Nov 20, 2017 8:09am Nov 20, 2017 8:09am
Bam! Doubled my account in 4 days!
  • #115
  • Nov 20, 2017 8:27am Nov 20, 2017 8:27am
Quoting MoneyFocus
{quote} AUD/USD @ 0.7574....high of the day. Could be time to look at this pair and think of possible short entries. Just hazarding a thought out, what do you guys think?
If only I had shorted Aud/Usd then.

I think I might have predicted the high of the day. :X
  • #116
  • Nov 20, 2017 8:55am Nov 20, 2017 8:55am
Quoting MoneyFocus
Damnnit, Gold being a biatch and refusing to go down...
its not to late to take a uj or gu. gu reststing , uj may have a dirty trick up its sleve, but the low is in. 3 out of 4 of my accounts are green, yay, last week sucked. its time to make up for it
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  • #117
  • Nov 20, 2017 9:04am Nov 20, 2017 9:04am
Quoting 4xjunkie
{quote} its not to late to take a uj or gu. gu reststing , uj may have a dirty trick up its sleve, but the low is in. 3 out of 4 of my accounts are green, yay, last week sucked. its time to make up for it {image}
Today has been an awesome day for me buddy, wish you best of luck. I will just wait to see what Draghi has up his sleeves.
  • #118
  • Nov 20, 2017 9:21am Nov 20, 2017 9:21am
Quoting MoneyFocus
{quote} Today has been an awesome day for me buddy, wish you best of luck. I will just wait to see what Draghi has up his sleeves.
i called it the running of the bulls, grab same and hold on, this week should not disappoint, I took the draw downs and last weeks punishment, just for this. how do you get your trade explorer to show up at the bottom of your posts, id like to try that, easer then checking every time. the dragon should fly and spit fire all week. all of the J's. uj being the relative strength looser right now. but she will come around the back side with a vengeance. guaranteed, Ive played this game a few time in the past.
  • #119
  • Nov 20, 2017 9:26am Nov 20, 2017 9:26am
Quoting 4xjunkie
{quote} i called it the running of the bulls, grab same and hold on, this week should not disappoint, I took the draw downs and last weeks punishment, just for this. how do you get your trade explorer to show up at the bottom of your posts, id like to try that, easer then checking every time. the dragon should fly and spit fire all week. all of the J's. uj being the relative strength looser right now. but she will come around the back side with a vengeance. guaranteed, Ive played this game a few time in the past.
Go to your profile and click settings.
  • #120
  • Nov 20, 2017 9:34am Nov 20, 2017 9:34am
so far up 200 pip on the day, good luck, got to go and trade some more time for green pips, its monday morning here, prediction that the red te will be green by Friday, I also took another gu,
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