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Posts by "fxhandler"
201 Posts Total by "fxhandler":
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Posts by Anonymous "fxhandler":
I don't beleive in this Friday rally, awaiting for the NOK and oil to loose it's steam in September. Pretcher went bearish last week....
for your comment, I was 1 day to early. *After I put my trade, my uncle called, he told me to go long CHF/NOK from 6,28 to 6,75......
I had already put my stupid trade in. He was very correct. It went upto 6,76, before falling down in 5 cycles to 5,72.....
I should have been a multimillionare now. High-risk taking, talk to me... It was extreme.
Remember, that as an amateur I actually predicted 6,71... but impatience... right?
My report is on the way. For you and all to learn my stupid mistakes.
Yes, I am sorry to say so. I was a real amateur then... It have been crazy, more than words can say.
I learned from this, ALLOT!
So I am more carefull now. Making the money back again..... Well, some day I will. Trust me.
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...?