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  • #2,521
  • Jul 24, 2021 12:27am Jul 24, 2021 12:27am
Quoting Elvan
I see NZDJPY, AUDJPY, CADJPY, EURJPY, GBPJPY coming up to the top of descending trend line simultaneously but not reacting yet even at this hour. Likely move early next week?
Market was choppy yesterday..
Sad to said that some things are gonna happen soon.
10% buy 10% sell 80% waiting
  • #2,522
  • Jul 24, 2021 12:27am Jul 24, 2021 12:27am
Quoting bruderx
I closed nothing today, have some trading running. Long on AUDCAD, NZDCAD, GBPCAD and EURUSD, short on USDCHF. AUDNZD might bounce up again from 1.0550. Have a good weekend.
10% buy 10% sell 80% waiting
  • #2,523
  • Jul 24, 2021 2:49am Jul 24, 2021 2:49am
The lady's name is Corinna. She is from Ipoh but we came from the same trading school so her trading philosophy and mine are almost identical. The S&P chart where I was still long as its making new high after monday's dip to 50EMA (purple line as it had for 3 to 4 years). I dont hold long now since my broker gives us 10 days swap free and my temperament is really "kia-su" type so will TP when it take the next turn.
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  • #2,524
  • Jul 24, 2021 3:00am Jul 24, 2021 3:00am
Quoting Elvan
The lady's name is Corinna. She is from Ipoh but we came from the same trading school so her trading philosophy and mine are almost identical. The S&P chart where I was still long as its making new high after monday's dip to 50EMA (purple line as it had for 3 to 4 years). I dont hold long now since my broker gives us 10 days swap free and my temperament is really "kia-su" type so will TP when it take the next turn. {image}
Thanks Elvan.

I see… Kia su is always good lol. I guess so is Corinna because there are only 2 ladies in my previous chat group haha.. She is indeed a nice lady… we use to chat privately in telegram. She can trade well too.

Back to SP500, trend is too steep up to call for a deep correction in the coming days or weeks maybe… one last push up when market open on Monday same goes to Dowjones and just keep a look out.
10% buy 10% sell 80% waiting
  • #2,525
  • Jul 24, 2021 3:05am Jul 24, 2021 3:05am
Quoting TraderR0N
{quote} Thanks Elvan. I see… Kia su is always good lol. I guess so is Corinna because there are only 2 ladies in my previous chat group haha.. She is indeed a nice lady… we use to chat privately in telegram. She can trade well too. Back to SP500, trend so too steep up to call for a deep correction in the coming days or weeks maybe… one last push up when market open on Monday same goes to Dowjones and just keep a look out.
So are you still in the trading school? How are they coaching you. Is it good or just basic theory?
10% buy 10% sell 80% waiting
  • #2,526
  • Jul 24, 2021 3:49am Jul 24, 2021 3:49am
The school we came out from was from the 2016 batch. Yes basic eg. candle stick patterns ( engulfing, morning star etc.) short and med EMA dynamics death and golden crosses, short & long term support and resistance levels, Fibo retracements and extensions etc. But many developed different variants from it (as long as it does good to your AC, we just keep replicating it). Got margin calls a few times wiping out my ACs due to euphoria and ego invincibility... so pick up again smallish AC building it up slowly back. ups and down as its not a bed of roses.

I belief many here are Sing right? I joined once this investment company Efzinitus Capital Pte Ltd... how many heard of it before? They were called successful high yield investment asset management... big words as good they say they were I saw all my money turned to ashes when it fell and the mastermind boss went to court and promised something % back but never see my money again. Sorry state of my life... loosing more money. But I still kept trading with my smallish AC but need to kick myself a little always asking the hard question... when are you going to stop wasting time and go for bigger AC? I still havent got a clue...
  • #2,527
  • Jul 24, 2021 6:57am Jul 24, 2021 6:57am
Quoting Elvan
The school we came out from was from the 2016 batch. Yes basic eg. candle stick patterns ( engulfing, morning star etc.) short and med EMA dynamics death and golden crosses, short & long term support and resistance levels, Fibo retracements and extensions etc. But many developed different variants from it (as long as it does good to your AC, we just keep replicating it). Got margin calls a few times wiping out my ACs due to euphoria and ego invincibility... so pick up again smallish AC building it up slowly back. ups and down as its not a bed of...
Investment companies usual tactic is promise you the heaven to entice those who are greedy or they will invoke fear and unknown and tell you they have the answer to entice to who are naive.

If your trading strategy is working well there is way to trade with small capital through leveraging.
  • #2,528
  • Jul 24, 2021 12:58pm Jul 24, 2021 12:58pm
Ron what are your views on aujpy and eurjpy?
  • #2,529
  • Edited 4:49am Jul 25, 2021 4:36am | Edited 4:49am
Good day everyone.

Hope all had a amazing weekends.

Recommend a show in Netflix for you guys to watch is called The Good Doctor in season. Nice show!
10% buy 10% sell 80% waiting
  • #2,530
  • Jul 25, 2021 4:40am Jul 25, 2021 4:40am
Last Friday market moves was choppy and no sense of direction yet. Price action messy and in range. So I will be staying sideline till I see some good setups during the new week. But have set my pending buy sell limit. Will see!
10% buy 10% sell 80% waiting
  • #2,531
  • Jul 25, 2021 4:45am Jul 25, 2021 4:45am
Quoting Houtbay
Ron what are your views on aujpy and eurjpy?
No view yet as last Friday moves was choppy and ranging. But my view is we should see one more push up before dropping down. I will stay sideline for now to see more valid setups when market open.

Market will get harder to trade throughout the year. Tricky and messy I could see atm. When we cannot see a good setups or not confident with price action, best is to stay away till you see some valid ones.

Trade safe and good luck.

Have a good Sunday.
10% buy 10% sell 80% waiting
  • #2,532
  • Jul 25, 2021 4:53am Jul 25, 2021 4:53am
Quoting TraderR0N
EURJPY - Watch price 129.500 - 129.200 if reach.
@Houtbay

I have bought and still holding, most probably will hit my target when market open at 130.200.

EURJPY.
10% buy 10% sell 80% waiting
  • #2,533
  • Jul 25, 2021 4:54am Jul 25, 2021 4:54am
Have a good Sunday all.
10% buy 10% sell 80% waiting
  • #2,534
  • Jul 25, 2021 7:02am Jul 25, 2021 7:02am
Thanks Ron. Another question Ron which is a more reliable chart to work from the daily or weekly?
  • #2,535
  • Jul 25, 2021 8:21am Jul 25, 2021 8:21am
Quoting Houtbay
Thanks Ron. Another question Ron which is a more reliable chart to work from the daily or weekly?
Daily. Also depends which traders you are trading the chart.
10% buy 10% sell 80% waiting
  • #2,536
  • Jul 25, 2021 8:23am Jul 25, 2021 8:23am
Trading is the biggest battle against your mind.
It's the most difficult thing in the world.
But if you can overcome it, you can do anything.

Good luck all for next week and till end of the month.

Stay green & Stay safe.

I will get busy till mid of August.

See you all soon.
Have a great day.
10% buy 10% sell 80% waiting
  • #2,537
  • Jul 25, 2021 7:38pm Jul 25, 2021 7:38pm
Good morning, as expected forex is still the same as decade ago, nothing change, price still moves up and down whatever the news and rumours. Just don't be an easy prey for easy money.
  • #2,538
  • Edited 1:05am Jul 26, 2021 12:45am | Edited 1:05am
Good day all.

Order been filled for some new trades.

AUDNZD
CADJPY
EURCAD
GBPCAD
GBPCHF
GBPJPY
GBPNZD
USDJPY
Many more.

Last week trades.

EURUSD
EURJPY
EURCHF
GOLD

Sit back relax wait for to come.
Be confident and patience with your trades. Market will continue to be choppy and roller coaster ride.

10% buy 10% sell 80% waiting
  • #2,539
  • Jul 26, 2021 1:37am Jul 26, 2021 1:37am
Don’t forget we have FOMC statement and ECB statement this week as well. Gonna be boring week I guess as usual, expect no fireworks but will be slow week for sure.
10% buy 10% sell 80% waiting
  • #2,540
  • Jul 26, 2021 2:11am Jul 26, 2021 2:11am
USDCad I shorted
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