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MoneyFocus' thread of forex and fun

  • #141
  • Nov 22, 2017 5:30am Nov 22, 2017 5:30am
Xau/Usd attempting to make a new high? Can it?
  • #142
  • Nov 22, 2017 5:35am Nov 22, 2017 5:35am
Hi, I am new. Just curious, is Forex trading legal in Singapore?
  • #143
  • Nov 22, 2017 5:59am Nov 22, 2017 5:59am
Quoting MoneyFocus
{quote} How are you doing mate?
hanging in there still holding long on everything. They sure dont make it easy. There is a moratorium on the rec's until uj decides it done going down. the rules i must follow. 3 bad rec's in a row I have to sit the rest of it out. Im the guy that will loose every battle just to win the war. and it war now, after this trend finishes the next one should be pretty easy. If I remember correctly there is only one bounce it big but one bounce with a big let down. I guarantee that the take profits a piling up there as we speek.
  • #144
  • Nov 22, 2017 6:07am Nov 22, 2017 6:07am
Quoting 4xjunkie
{quote} hanging in there still holding long on everything. They sure dont make it easy. There is a moratorium on the rec's until uj decides it done going down. the rules i must follow. 3 bad rec's in a row I have to sit the rest of it out. Im the guy that will loose every battle just to win the war. and it war now, after this trend finishes the next one should be pretty easy. If I remember correctly there is only one bounce it big but one bounce with a big let down. I guarantee that the take profits a piling up there as we speek.
Today's a great day, currently on +90% for the day!
  • #145
  • Nov 22, 2017 6:16am Nov 22, 2017 6:16am
Quoting Ant218
Hi, I am new. Just curious, is Forex trading legal in Singapore?
Er..yes?
  • #146
  • Nov 22, 2017 6:31am Nov 22, 2017 6:31am
Im sure glad i dumped those ej for gu, totally covering my ars right now. If my analysis is correct then gu should be the reletave strength winner between the uj,gj,ej,and gu. it has the farthers to go. so by rights is should take off first.
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  • #147
  • Nov 22, 2017 6:40am Nov 22, 2017 6:40am
Quoting 4xjunkie
Im sure glad i dumped those ej for gu, totally covering my ars right now. If my analysis is correct then gu should be the reletave strength winner between the uj,gj,ej,and gu. it has the farthers to go. so by rights is should take off first.{image}
Good luck mate.
  • #148
  • Nov 22, 2017 6:42am Nov 22, 2017 6:42am
the lesson this week again, rule #1 wait until you see it.
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the easiest rec. ive seen in a while its all there.
  • #149
  • Nov 22, 2017 7:07am Nov 22, 2017 7:07am
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Uj being the reletave strength looser right now, she'll be cumming around the back side with vengence.
  • #150
  • Nov 22, 2017 8:20am Nov 22, 2017 8:20am
Quoting MoneyFocus
Once again, the Dragon has been kind. {image}

Nice man, I am currently up 170 pips on UJ today
  • #151
  • Nov 22, 2017 8:29am Nov 22, 2017 8:29am
Quoting Seshwaan
{quote} Nice man, I am currently up 170 pips on UJ today
Beautiful! Allow me to be a proud show-off....I am at 500% already! Today has been a wonderful day and we haven't even have FOMC!

Divested SGD 12,000 from the forex account and into my bank account!
  • #152
  • Nov 22, 2017 9:00am Nov 22, 2017 9:00am
Quoting MoneyFocus
{quote} Beautiful! Allow me to be a proud show-off....I am at 500% already! Today has been a wonderful day and we haven't even have FOMC! Divested SGD 12,000 from the forex account and into my bank account!

Yes I have been keeping an eye on your TE mate, it is very impressive and I congratulate you!

Best of luck for more pips!
  • #153
  • Nov 22, 2017 9:13am Nov 22, 2017 9:13am
Quoting Seshwaan
{quote} Yes I have been keeping an eye on your TE mate, it is very impressive and I congratulate you! Best of luck for more pips!
Thank you for your kind words. You're a good man.
  • #154
  • Nov 22, 2017 11:24am Nov 22, 2017 11:24am
You are killing it bro... +620%


I am now up to about 250 pips+ for the day with one position still open
  • #155
  • Nov 22, 2017 11:33am Nov 22, 2017 11:33am
Quoting Seshwaan
You are killing it bro... +620% I am now up to about 250 pips+ for the day with one position still open
Hopefully! Today has been one hell of a day!!!!!
  • #156
  • Nov 22, 2017 2:55pm Nov 22, 2017 2:55pm
I am short GBPUSD.

We have hit strong resistance on the H4 that has been solid for over a month.. You may not be able to see on my chart but the current H4 candle has 1 hour until it closes and is a nice pinbar showing signs of weakness in buyers, this just reinforces the analysis although it has not closed just yet.

SL is just above the resistance area and is only a 30 ish pip SL.. The way I see it is I have made so many pips the last few days on UJ I can spare some to get in right at the start of this bounce...

We shall wait and see.
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  • #157
  • Nov 23, 2017 5:04am Nov 23, 2017 5:04am
Quoting Seshwaan
I am short GBPUSD. We have hit strong resistance on the H4 that has been solid for over a month.. You may not be able to see on my chart but the current H4 candle has 1 hour until it closes and is a nice pinbar showing signs of weakness in buyers, this just reinforces the analysis although it has not closed just yet. SL is just above the resistance area and is only a 30 ish pip SL.. The way I see it is I have made so many pips the last few days on UJ I can spare some to get in right at the start of this bounce... We shall wait and see. {image}
I am short GBP/JPY, as I have another XXX/USD position already.

Short on the Dragon at 148, no TP target, just letting it run and see how. We're on the same side.
  • #158
  • Nov 23, 2017 5:04am Nov 23, 2017 5:04am
Got too greedy, took a substantial hit, but that doesn't mean defeat. Today's goal: recover that loss and hunt some green pips.

How's everyone? We only have 5 hours left right?
  • #159
  • Nov 23, 2017 5:20am Nov 23, 2017 5:20am
Well UJ currently in consolididation. Is it because of US Holiday or possible reversal up. But there's a pattern completion at this area so up move is possible. However, as always I let the market decide.
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  • #160
  • Nov 23, 2017 5:25am Nov 23, 2017 5:25am
Quoting MoneyFocus
Got too greedy, took a substantial hit, but that doesn't mean defeat. Today's goal: recover that loss and hunt some green pips. How's everyone? We only have 5 hours left right?


You can do it mate.

Unlikely to see any great moves today with holidays but you never know...

Still holding shorts on UJ and also shorts on GU, yes I know these are counter intuitive but I am confident in my analysis. If I am wrong then it is a lesson learned!

S/R zones etc take precendent over overall currency strength in my humble opinion. Just because USD is weak if you look at UJ does not mean that GU will go up past a solid resistance zone. Only time will tell.

One thing I have been looking into since yesterday is something called order flow footprints, have you ever seen aything on that? Basically allows you to see a volume breakdown of buy/sell orders... it is the missing piece of PVSRA. Have you no always wanted to know if that large volume you see was buy or sell volume? And at which exact price were the buyers active?
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