Ufo propu engine, closed loop

[ltseung888]

As of Feb 1, USD/CNY closed at 6.87907. low 6.87738 high 6.88218

USD/CNH should be following with similar rate. The latest USD/CNH = 6.8364.  Thus it has room to increase. (RMB depreciates).

The bet is on a rate increase. Thus open another position at 6.8345.
The two legs are:
Open at 6.8458 profit limit 6.8503
Open at 6.8345 profit limit 6.8508

No stop loss. Can wait a few days. If successful, the profit from both legs should exceed HK$20,000.

This Forex trading is extremely addictive even with virtual money. No wonder the daily transaction volume exceeds 5 trillion and increasing. If China catches on, exceeding 10 trillion is possible.

All positions were closed. Hit profit limit.
I went fishing. When returned, all positions were closed. The net virtual profit was HK$40,385.
The initial virtual capital was HK$200,000 on Jan 30, 2017.

There was a scarily moment when the unrealized loss was over -HK$90,000. The lesson was stick to the game plan - buy more when the rate went down. One more leg was put in at 6.8195 and closed at 6.8505. It was risky but since it was virtual money...

One other factor not fully understood was Premium. In the period from Jan 30 to Feb 8, the Premium was -HK$13,348. Need to understand more.

*** It is easy to get addicted. Making money appears a piece of cake. The plan is to play with virtual money for 6 months to learn the tricks.

[ltseung888]

The Meaningful Economic Activities for China at present should focus on improving the quality of life of its Citizens. No more poverty. Every family has electricity, running water, connection to Internet, health care, education and social benefits...

Some thoughts on Meaningful Economic Activities for China:
(1) Get farmers to move into Ghost Cities. Give generous financial incentives. Generate many jobs. Turn the small lot farms to efficient, mechanized modern farms.
(2) Have many village hotels. Tourism will be a major industry. Organize tours for the newly retired seniors. Help them to enjoy life. Instead of increasing their welfare payments (which mainly go into no activity bank accounts), organize parties, trips for them.
(3) Ensure that every citizen has access to electricity, water, internet, education, medical care and improving modern facilities.
(4) Educate all on win-win. If China wants to be rich and remain rich, help other Nations to become rich.
(5) Focus on real asset economy now but have think tanks dreaming about thin-air money economy.
(6) Let hedge funds and speculators play with USD/CNH. That exchange rate is "virtual". Tighten control on the inflow and outflow of RMB. Do not drain the reserve to "protect the virtual exchange rate". Spread the news that RMB will appreciate to combat the US Government accusation of currency manipulation.
(7) Get ready to introduce the UFO technology.

[ltseung888]

Forex Premium is the interest that is gained or lost on any open position held overnight.


Opened one position to check out - receive some interest.
Sell USD/CNH @6.8437 Stop loss @6.8541
Let it ride for a few days to receive some interest. Maximum loss=104pips.

[ltseung888]

@Tseung

Can you apply the theoretical model of SURE WIN? This SURE WIN concept is simple. If you win. Repeat betting at 1 unit.  If you lose,  bet 2 units. If you lose again, bet 4 units. If you have infinite amount of capital, you will always win.

In the Forex Market, The odds are not 50-50. There is a transaction cost (spread). But the theoretical SURE WIN method still applies.


*** The Forex Broker or Market Maker can prevent you from winning too much by logging you out! They can log you out while you were incurring losses. Thus they are the real winners!

What happens if the Chinese Government backs a Chinese Forex Exchanger? Will it become the largest? Remember Macau. It became the most profitable gambling center in the World.
http://www.shiftforex.com/start-fx-broker/?utm_source=google&utm_medium=banner&utm_term=overunity.com&utm_campaign=sab_asia1_d_audience&utm_content=sab_grow&gclid=CLec2Ze9gdICFRKVvQodEa8L1A

China will dominate the gold market as it holds more gold than any other Nation. Will it dominate the Forex Market? Will the Chinese Citizens invest in the China dominated (controlled) Forex Market? Who cares about Hedge Funds and their rumors then? Forex trading will exceed 10 trillion with Chinese investors playing a major role. Who will win the currency war?

Market forces will no longer be the Hedge Funds. Multinationals cannot compete against State Enterprises. FOREX brokers cannot compete against State exchanges.


***Just found out that different Forex Brokers can offer different exchange rates! China must have its own exchange to play.

[ltseung888]

Forex Premium is the interest that is gained or lost on any open position held overnight.


Opened one position to check out - receive some interest.
Sell USD/CNH @6.8437 Stop loss @6.8541
Let it ride for a few days to receive some interest. Maximum loss=104pips.

Stop loss activated. Loss around HKD8K.
Wait for 6.8650 before another sell order. This is the safe route - stop loss and repeat deeper in the resistance range.