Forum > View Topic (Hot-Chart)
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?

 
radu
bucharest, Romania
Posts: 203
15 years ago
Feb 16, 2010 19:55


Said ,

I don"t exactly understand what do you think when you type"accession"
Yes , a auster monetary policy , the second flow from IMF , NRB"s moves(to understand that , the bank is the biggest fx player here,much bigger than rest and he play very untransparent,they never recognise that but is notorious NRB"s interventions by other friendly banks on fx spot market) and a lot of political(&bussines) interests---this is very bushy subject .

Regards
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Feb 16, 2010 19:52
Radu, Iwent long on AUD at 8934. Stop loss was at 8890, but now moved to 8960
said
mulhouse, France
Posts: 2822
15 years ago
Feb 16, 2010 19:20
thanks radu

but how possible the leu ron strenghen when the market colapsed in the us and the euro decline.
EU accession in sight and austerity in monetary policy?
radu
Romania
Posted Anonymously
15 years ago
Feb 16, 2010 19:02


Said ,

Well , i think the leu "ron" was pretty strenght last month because the political crise from the last months of the last year is over now ( ha ! ) and especially from the unknows , untransparents (NRB is the biggest player in our small fx market ) play of the national bank .
No real resiliency in the real estate sector-even the goverment make his move "the first home" 2..."first home" 1 was a fiasco , imo...in thats programs,in 2 words the gov. guarantee the homes morgages aquisitions to a maxim ceiling 80.000 euro (60.000 for the first program)...and even moody"s(or fitch,i don"t remember exactly) upgrade positive the country"s rate and for few factorys, there is no real fresh capital flows .
Everyone here , expect eur/ron from aprox. 4.12 right now to min. 4.3 this year.
Callum
Singapore, Singapore
Posts: 179
15 years ago
Feb 16, 2010 18:42
@AVG, I am sorry to hear your story. Check out classic book from Dr. Elder. It helped me in my early days. Look under Trading Psychology sectionhttp://bit.ly/98u4Hl
Callum
said
mulhouse, France
Posts: 2822
15 years ago
Feb 16, 2010 18:35
avg
radu

a demo to validate will miss the fear an greed factors that we have in real trading but it has the advantage to show you what to do and what to avoid.

radu
whats happening to romanian currency the leu since mid january. resiliency in real estate or fresh capital inflow from european insurers? UR THOUGHTs
radu
Romania
Posted Anonymously
15 years ago
Feb 16, 2010 18:13

AVG ,

Or do what Said told you ... i thinck to learn this stuff is a continous "MUST"

said
mulhouse, France
Posts: 2822
15 years ago
Feb 16, 2010 18:13
avg

validate a model first and then come back with real money or u'll lose ur panties
radu
bucharest, Romania
Posts: 203
15 years ago
Feb 16, 2010 17:57


AVG ,

Imo , try to make real trades , no demo - on a demo you do not have any risk and there is no any comparation with the real life- but JUST , repeat JUST with litlle money and don"t overleverage : max 3-5% on a position , if you use a big leverage (50-100/1)...and be carefull with the revenge trades...

GL
said
mulhouse, France
Posts: 2822
15 years ago
Feb 16, 2010 17:57
avg

my advise is if each trade turn to be negaive oriented in ur trading plan that means u dont ahve a trading strategy
i stopped trading just to verify and validate trading method
so stop trading and stop wasting ur money
instead spend few months on GANNGLOBAL and ELLIOTWAVEINDIA and validate a traing method
once it works out for on a demo come back with real money
i'd love explain you how i deal but i dont know by where to begin.