Posts by "daveo"

Yes Chloe but remember Ashraf alerting binary behaviour now probable for the DX correlation ! We have already seen some of that !

Last coupla days both crude and gold (and cad) been alerting both H&S''s highly suspect. Fading these two markets was not a good thing to do imo. Its more prudent to stand aside and await clarification rather than try to catch an exact high or exact low. Heroes often get eaten alive :-)

Chloethebull,

You done extremely well this year and especially as you been trading less than 3 years. It was FXDave that asked the question. My answer to him referred not to proof of trading results but more to guys posting the reasons why they enter or exit a trade. Like what analysis are they using in addition to blindly following Ashraf. I have felt that if guys like to post their open positions much value can be added by including the analysis utilised, their reasons why. Otherwise the forum serves little purpose for discussing trades and trade management. Discussions on fundamentals are a different matter but I think its true to say that most traders here are combining technical analysis with the perceived fundamentals in play.

We all know that Catnip has no time for what he calls "chart astrology" but he is rather exceptional and his mathematical analysis is probably beyond the scope of this forum. Ashraf I believe encourages the use of technicals alongside his fundamental analysis and opinions. After all, how else can we judge a good entry into a move, manage the trade with a degree of expertise and exit the trade with near perfect timing :-)

Looks like stocks and gold now starting to come into line for crude upside and usdcad might have given up the battle on its 55DMA resistance. I have now lost interest in selling crude for time being. I have never been one to fade the mkt :-)

gbpusd potential ABC resistance at 1.5580 and 1.5590 for intra day.