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Candid Trade Discussions

  • #1
  • First Post: Mar 24, 2021 6:29pm Mar 24, 2021 6:29pm
Hello and welcome fellow sojourners!! in this rough seas also called forex or trading or whatever floats the boat aye.

Alright down to it, we all complain erm some more than others but we've all at some point posted or felt like posting our misgivings how forex factory threads are riddled with absolute time wasters, you can take offence, life's a chance anyways. So yea we do have time wasters but yet again we do have those who really build threads and impart knowledge, it's amazing.

Now can we all decide to be on the non bull** crew so we could all learn and teach each other on this thread? You have a trade causing you great distress you come here. Or you wanna discuss a strategy you think that works or hints (solid ones please or shut up, no carrot dangling because no one forced you to speak).

Okay that's it, I don't know too many words, lol my sister says, she's still wondering how I aced IELTS, crazy right?

Happy trading and viewing, learning whatever, just be good. Okay Cheers.
Read in between the price!!!
  • #2
  • Mar 24, 2021 6:32pm Mar 24, 2021 6:32pm
Guess I'll go first, yay!!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 candid.png Size: 43 KB

So where to from here? Where you think the fake out direction's gonna be? I have mine but hey lets hear your say.
Read in between the price!!!
  • #3
  • Mar 24, 2021 6:48pm Mar 24, 2021 6:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: US30M30 gonna hit.png Size: 55 KB


It's gonna hit my stop loss or that lower high before we know trade direction.
Read in between the price!!!
  • #4
  • Mar 25, 2021 1:33am Mar 25, 2021 1:33am
Can anyone help me with these questions, I need to get them all right for a advanced account.
Question 1
Using 500:1 (0.2%) leverage, if you take a position with a face value of $100,000 what would your initial margin requirement be?
a. $5,000 b. $2,000 c. $200
Question 2
If you buy 25 lots of AUS200 at an entry level of 7000, with 1 lot equalling $1 per point movement, what is your initial exposure to the AUS200 on this trade?
a. $175,000 b. $7,000 c. $25
Question 3
If you short sold $10,000 of BHP share CFDs, using 5:1 (20%) leverage it would require an initial deposit of $2,000. What would be your maximum potential loss on this trade?
a. $2,000 b. $10,000 c. Unlimited
Question 4
If you had a long trade on gold with an initial face value of $50,000, using 400:1 (0.25%) leverage it would require an initial deposit of $125. What would be your loss on the trade if gold fell by 2%?
a. $1,000 b. $10,000 c. $125
Question 5
If the net equity for your account falls below the required margin for your open positions, what could you do? Select the most appropriate answer.

  1. Add additional funds
  2. Reduce your exposure by managing your positions
  3. Any, or all the above

  • #5
  • Mar 25, 2021 5:59am Mar 25, 2021 5:59am
Quoting calebfx
Guess I'll go first, yay!! {image} So where to from here? Where you think the fake out direction's gonna be? I have mine but hey lets hear your say.
On GU, this where I'm at currently, closed one trade so this trade is risk free because my take profit on my closed long trade has paid for the buy trade left running. The market might most likely fall back down as it looks like it's playing both sides (bulls & bears) before actual trend direction starts. I'm just playing along risking a bit only.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 currently.png Size: 42 KB
Read in between the price!!!
  • #6
  • Mar 25, 2021 9:02am Mar 25, 2021 9:02am
Quoting theovenman
Can anyone help me with these questions, I need to get them all right for a advanced account. Question 1 Using 500:1 (0.2%) leverage, if you take a position with a face value of $100,000 what would your initial margin requirement be? a. $5,000 b. $2,000 c. $200 Question 2 If you buy 25 lots of AUS200 at an entry level of 7000, with 1 lot equalling $1 per point movement, what is your initial exposure to the AUS200 on this trade? a. $175,000 b. $7,000 c. $25 Question 3 If you short sold $10,000 of BHP share CFDs, using 5:1 (20%) leverage it would...
You are applying for an advanced account, so need to answer these questions right ? With Higher Leverage ?

If you don't know the answers then maybe you are not ready for that account ?

There is a good reason why your broker is asking these questions, is to protect you.
It never gets easier, you just get better
  • #7
  • Mar 25, 2021 12:41pm Mar 25, 2021 12:41pm
So far so good on GU, placed a buy trade on GBPNZD too and closed, I realised price was gonna go to major daily resistance so I rode the wave there. Not so good on US30, had 2 losing buy trades well because I tried to make a scalp something else lool.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 so far.png Size: 42 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1 similar.png Size: 49 KB
Read in between the price!!!
  • #8
  • Mar 25, 2021 1:10pm Mar 25, 2021 1:10pm
Just sold on US30, buy stop hunt at 32528.25 before market shows midterm trend wish me luck.
Read in between the price!!!
  • #9
  • Mar 25, 2021 1:25pm Mar 25, 2021 1:25pm
USDCAD changed directions.. North.
Attached Image (click to enlarge)
Click to Enlarge Name: 7cc0f6ffe0ec158f6395ed5e41279363.png Size: 62 KB
Determination + Persistence = Success
  • #10
  • Mar 25, 2021 3:28pm Mar 25, 2021 3:28pm
Quoting SKLearn
USDCAD changed directions.. North. {image}
Not too sure about USDCAD especially seeing how GU bulls are trying to start a long uptrend, they both can't exactly go up at the same time. They might though, one as a stop hunt, the other as an actual trend move.

I'll drop a chart though, you have 2 options as I see it, price would either move towards that high or range on that line and then move to that high or drop below. So you could either enter a long before Asian close or wait to see how the London market open reacts to the lines I've drawn on the chart for you (I don't trade USDCAD, don't understand it).

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4 see.png Size: 54 KB
Read in between the price!!!
  • #11
  • Last Post: Apr 18, 2021 9:15am Apr 18, 2021 9:15am
Quoting theovenman
Can anyone help me with these questions, I need to get them all right for a advanced account. Question 1 Using 500:1 (0.2%) leverage, if you take a position with a face value of $100,000 what would your initial margin requirement be? a. $5,000 b. $2,000 c. $200 Question 2 If you buy 25 lots of AUS200 at an entry level of 7000, with 1 lot equalling $1 per point movement, what is your initial exposure to the AUS200 on this trade? a. $175,000 b. $7,000 c. $25 Question 3 If you short sold $10,000 of BHP share CFDs, using 5:1 (20%) leverage it would...
How did you go with these questions? We can get in touch as i have attempted
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