Qin, I traded NOK for many years ago. But was away for awhile... The crisis gave extreme gains in CHF and nobody would think it go so high.... Anyway, looking at all the Majors in a 8 hour chart.... 1. wave show you a peak and 35% retracement from base, then 7,6 % gain on the next wave up. This was the same during the Asian crisis in 1998...... Shoulder-Head-shoulder....then down..... I actually waited to trade the "head", but got impatiend and went in way to early......
then, lost so much, I was Thinking the last "shoulder" would be bigger than the "head", but this time it didn't happen. ( In my mind I had that tought as well... but again, listened to someone else..)
In 1998 the last "shoulder" was higher than the head cause of investors selling them out on positions before the New Year. This time the crisis came to month earlier and prolounged/heavier than before... so it means the "head" was before new year and therefore the "shoulder" became smaller than last time.
Sorry, for ad explanation. But when I am finished with my report, you will understand much more.
Qin, it was 508k NOK, yes. Before that I lost also the same amount. I will give you guys my story later when I finished my report. Allot more to analyze there. But, I was an amateur totally, now I am gaining more and more.
30kEuro is still a big loss!!!!
This is why I talk to you Qin, you seem very impatiened... same as I was... no good... ;-)
I learned allot after that catastropich trade. It was silly. I listened to my brokers..... I will send you guys my analytics of FX when I am finished correlating the CHF/NOK compared to the asian crisis and other crisis affecting the currencies. It shows that the history repeats itself. But a humans economy rememberance only last for 10 years, max... I did 3 trades during December and gained 60%, no problem. Then not listening to myself, I was unpatient, went in to early and the NOK got hit really bad. I was extremly unlucky.
Before this, I did calculations based on stochastics and previous crisis. I predicted the CHF/NOK to 6,72 (it went to 6.76).... But... impatience... and greed... then fear.... is our killer! Right? Regards and good night. :)
Qin, you still did good. My worst was going short on CHF/NOK 6,13 and it went to 6,76. 10xgearing (with margin I could tackle 6,67)...... 508.000 NOK lost in one stupid trade. Fuck! On Christmas day... :-S
Qin, lol, you are very sceptic to most.... Funny! (But might be smart)
Asad, greetings Cool man. But you are risky, I guess. Why don't you trade the NOK against some majors? Like CHF, JPY or USD? What are your predictions of CHF now...?
Qin, that sounds very amazing. You are doing very well man! I used Saxobank..... shit spread, lowe on news and totally shit brokers. There is only 2 reasons it got so popular, cause if the interface that look very nice and their ability to sell their shit product. Wich trading plattform do you guys use?
Asad, Sorry, as I said I can't relat to gas, just I am bearish on oil like Ashraf, so I guess it will be bad for gas as well?.... I don't know.
Qin, I am not waiting for a drop, I am waiting for a gain in JPY/NOK, markets going down and then go in and out. Surely I will not stay bullish on NOK against JPY now... It is too risky. But I should have made a short yesterday... Stock market going down... so will the NOK...
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Qin, might better to make a new section for us trying to share experience, bad or not.
:p
traded NOK for many years ago. But was away for awhile... The crisis gave extreme gains in CHF and nobody would think it go so high....
Anyway, looking at all the Majors in a 8 hour chart.... 1. wave show you a peak and 35% retracement from base, then 7,6 % gain on the next wave up. This was the same during the Asian crisis in 1998...... Shoulder-Head-shoulder....then down.....
I actually waited to trade the "head", but got impatiend and went in way to early......
then, lost so much, I was Thinking the last "shoulder" would be bigger than the "head", but this time it didn't happen. ( In my mind I had that tought as well... but again, listened to someone else..)
In 1998 the last "shoulder" was higher than the head cause of investors selling them out on positions before the New Year. This time the crisis came to month earlier and prolounged/heavier than before... so it means the "head" was before new year and therefore the "shoulder" became smaller than last time.
Sorry, for ad explanation. But when I am finished with my report, you will understand much more.
It is unbeleivable, yes. But I will come back!!!!
I will give you guys my story later when I finished my report. Allot more to analyze there.
But, I was an amateur totally, now I am gaining more and more.
30kEuro is still a big loss!!!!
This is why I talk to you Qin, you seem very impatiened... same as I was... no good...
;-)
I will send you guys my analytics of FX when I am finished correlating the CHF/NOK compared to the asian crisis and other crisis affecting the currencies.
It shows that the history repeats itself. But a humans economy rememberance only last for 10 years, max...
I did 3 trades during December and gained 60%, no problem. Then not listening to myself, I was unpatient, went in to early and the NOK got hit really bad. I was extremly unlucky.
Before this, I did calculations based on stochastics and previous crisis. I predicted the CHF/NOK to 6,72 (it went to 6.76).... But... impatience... and greed... then fear.... is our killer!
Right?
Regards and good night.
:)
My worst was going short on CHF/NOK 6,13 and it went to 6,76. 10xgearing (with margin I could tackle 6,67)...... 508.000 NOK lost in one stupid trade. Fuck! On Christmas day...
:-S
Asad, greetings
Cool man. But you are risky, I guess. Why don't you trade the NOK against some majors? Like CHF, JPY or USD? What are your predictions of CHF now...?
that sounds very amazing. You are doing very well man!
I used Saxobank..... shit spread, lowe on news and totally shit brokers. There is only 2 reasons it got so popular, cause if the interface that look very nice and their ability to sell their shit product.
Wich trading plattform do you guys use?
I know, you are right, so how much do you "gear" with?
Sorry, as I said I can't relat to gas, just I am bearish on oil like Ashraf, so I guess it will be bad for gas as well?.... I don't know.
Qin, I am not waiting for a drop, I am waiting for a gain in JPY/NOK, markets going down and then go in and out. Surely I will not stay bullish on NOK against JPY now... It is too risky. But I should have made a short yesterday...
Stock market going down... so will the NOK...