Posts by "daveo"

Ignore, I hear so often that forex markets are different to other markets. They are not. From a tech perspective Forex is the same as any other market and I have traded most of them over the years. Hard stops should be placed in the market at a logical point at which a trade idea is violated.

If traders get into the habit of moving their stops away from approaching price they will never make good traders, period. This is definitely not to be encouraged for novice or inexperienced traders as sooner or later their account will get wiped clean. Ashraf dances around the floor with fundamentals and he can trade how he likes and take full responsibility for his own trading, if indeed he does trade. Making calls for others to follow is a different matter which carries some responsibilty. There will be times when Ashraf, however competent, will make some bum calls. Good trading is directly related to good trade management.

Well, I see the gaps are for the weekends but no good for analysis.

Ashraf, I didn't take your usdchf long call but I tracked it with your various levels marked on my chart. I planned a buy order at 9828 which didnt materialise.

Your stop was at 9550 and the market took that out by a few pips at least depending upon spread.

Now you want to ignore your stop plus claim success on hedgers you added. This is not cricket Ashraf, if you are going to make specific calls play it fair please. Or if you are foolish enough to move stops away from the market you should make that very clear, not a sound trading policy imo.

This is nothing to do with "babysitting the forum" or babysitting your trade calls, its more to do with seeming to play fair. Either way I don't give a damn about myself, just thinking of less experienced traders.

David.

I don't see the point of making longer term forecasts Redstone. An awful lot can change before then and seems to me the Fed are at last losing credibility. From GreenspanM3 to Helipcopter jerk Ben the world is getting bored with american excesses and their dream.

catnip, not sure I beleive recent US stats which have been contra trend and after all the real unemployment # is more like 17.3%.