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Posts by "daveo"

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8683 Posts Total by "daveo":
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DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
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DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 12, 2010 22:08
In Thread: EURCAD Fundamental & Tech Play
the usdchf stop at 9550 would have been a bummer for those in the trade as it is very rare we get any "luck" on spreads at a significant turning point. However, there was nothing to stop you re-entering supported by Ashraf's continued bias and your own analysis. Dropping down onto a small timeframe would find a tight re-entry position which would accomodate a tight stop a little above the original. Not all calls that anyone makes including Ashraf are going to be immediate winners. Some trades will inevitably get stopped out.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 12, 2010 21:50
In Thread: CHF
"Dave, the peculiar thing here, is that the more USDCHF will rally towards 0.98 and 0.99 (nears my 0.9850 and parity targets) the more likely some disgruntled people will persecute me over those 3 pips.

Ashraf "


Ashraf, I was overly critical and particularly not knowing whether you and forum use hard stops at all. I spose I should have been happier to see you stop out at your perceived logical level, yes by only 3 pips, and then select a re-entry. Never mind, last thing I want to do is provoke any ill feeling and my post was not well written. A question might have been more appropriate.

Dave.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 12, 2010 21:40
In Thread: CHF
I tend to play 3 units on most my trades. First two are taken off at logical targets and third unit is run. When I think momentum is waning and the move starting to exhaust I trail a stop to let market take me out. Longer term position plays I employ same principle on daily timeframe.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 12, 2010 21:27
In Thread: GBP
GBPAUD hit 100% symmetry on the nail at 1.6404. My next upside target would be 127.2% ext @ 1.6560
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 12, 2010 21:04
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
Useful tool Ashraf, thank you.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 11, 2010 20:29
In Thread: CHF
chf weakening on the currency meter so hopefully Ashraf's trade will take off again. I have forgiven him for moving his stop :-) Clever ole boy ee be.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 11, 2010 19:07
In Thread: GBP
correction, eurgbp to replace eurusd
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 11, 2010 19:03
In Thread: GBP
Potential support mentioned below played for a bounce in gbpusd @1.6080. GBP been strong on the currency meter today versus strong usd. Hence the coiling in cable. eurusd been much better play but reacted off my 127.2% ext sym, probably only temporary.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 11, 2010 18:44
In Thread: Commodity FX (CAD AUD NZD NOK)
Taking profit off the table with multi unit plays is the name of the game as far as I'm concerned :-)

Cloe. crude been really bucking its correlations. Just waiting to see it crater :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Nov 11, 2010 18:19
In Thread: Commodity FX (CAD AUD NZD NOK)
good trading cloe, yer obviously nimble :-)
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