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by Ashraf Laidi
Posted: Dec 2, 2009 21:33
Comments: 475
View Hot-Chart
This thread was started in response to the Hot-Chart:

Aussie Dressed up but where to Go?

 
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radu
bucharest, Romania
Posts: 203
14 years ago
Feb 16, 2010 17:50


Hi Vik ,

I saw your aud/usd good call just in time to take a look on the charts and make some profit...thanks for share the ideea .
Can i ask you where do you put your stop loss order ? a little above 0.8935 to conserve some profit ? or...? i have a 0.8963 media and my sl order is 0.8977.

Cheers
AVG
Posted Anonymously
14 years ago
Feb 16, 2010 17:48
Thks a lot Radu and MM for ur suggestion...... Sometimes I feel I am vry emotional whn I trade.....
Yes I think now it is good time to Sell EUR and GBP against USD and JPY..... Greece and Dubai story is not finished yet....
But now I will be doing Demo and Paper Trading for a while....
Thks guys again.... Its vry hard to take alll thess losses.... But I will definately get my money back .... I promise u all.... In the meantime, pls continue sharing ur suggestion abt the mkt.....
radu
bucharest, Romania
Posts: 203
14 years ago
Feb 16, 2010 17:32


HI AVG ,

Sorrry to heard that...i know those problem from myself...

My advice : NEVER OVERLEVERAGE .... is veryyy dangerous and is veryyy hard to cut that fucking loose...and the stop loss(cut the f...g looses) is the must dificult -imo- thing to do , but is ABSOLUT NECESARLY...i know is easy to say and hard to do that (btw , i spoke from my painfull experiences) , but if you don"t do that means big problems...

Good luck
montmorency
Abingdon, UK
Posts: 610
14 years ago
Feb 16, 2010 17:32
@AVG: I have no opinion on AUD/USD at the moment, but for EUR/USD, and GBP/USD, the sentiment is clearly bearish medium term, but you will always get these strong rallies at certain points. These are opportunities to sell into them, but of course, you have to set your stop accordingly, expecting further rallies to take place. That is the way I play them anyway. (I also do with same with EUR/JPY, even though Ashraf suggests buying this as a hedge against EUR/USD - however, I think it's just another way of playing it ... I prefer to go with my bearish sentiment (for the time being) on Euro generally (excepting EUR/GBP which I believe is a sort of special case)).

If you have taken a big hit, it might be a good time to take a break from active trading. You could paper trade and/or demo trade in the meantime.

Take care,
M.
AVG
Posted Anonymously
14 years ago
Feb 16, 2010 17:09
Pipped Off - I think I m not lucky enough for trading..... I shld quit....
Mkt is behavng always against me.... Dnt know why.....
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 16, 2010 17:00
@AVG-condolensces. Market simply taking out weak shorts.
AVG
Posted Anonymously
14 years ago
Feb 16, 2010 16:56
I was short at AUD/USD and EUR/USD.... But all of sudden market wnt against me.... My stop loss got executed.... When I entered these trades at short position, the trend was bearish.... But within last 1 hr EUR and AUD just went up.... I am always been trappped in wrong trades.... I hav lost lot of money till now around 26K SGD.... I dnt knw whom to blame... Very much dissappointed guys.... I dnt know why I cannot make profit.... Please provide me some guidance friends.... I study market every day, but not sure why always I hv I m in loss.....
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 16, 2010 16:37
Sure am interested in Ashraf's take on euro "caps". Nearly everyone has been calling for a euro "relief" oversold rally, and we are now getting it.

Also, Ashraf changed his Gold cap from 1103/1105 to 1133 if we get a NY close above 1118/1119. These numbers are a far cry from 1103/1105.
Callum
Singapore
Posted Anonymously
14 years ago
Feb 16, 2010 16:28
@AVG, with EUR/USD moving into 1.37 handle and possibly eying 138, this should give AUD/USD further prop upwards well into the 90 handle. The AUD/USD 90 handle is going to be also a key psychological level. I am waiting for Fed Budget data later to see way it moves the USDX, otherwise, the following Asian trading session could bid this higher. ~CB
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 16, 2010 16:15
Been building a nice short position in Aussie. This countertrend is nearly exhausted, and will last only as long as the eur/gbp remains bid to support euro. When euro reverses, commodities tank, brining aussie along with it.
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