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Posts by "tb"

7 Posts by member
TB
(Gold Coast, Australia)
TB
Gold Coast, Australia
Posts: 7
15 years ago
Sep 29, 2009 23:34
Ashraf
Could you please give your opinion on why the Aussie is not doing the "usual" thing and be tracking the EURO? Is it due to ECB jaw boning? and that they are doing as others in trying to lift the dollar, or do you see other fundamentals causing this. I have not seen a change like this in these currencies for long time.
TB
Gold Coast, Australia
Posts: 7
15 years ago
Sep 23, 2009 22:36
Xaron
I also trade on the principles that Dirk teaches, But there is no way in the world that he teaches to use 20:1 leverage!!!! This is the first and last thing he tells you not to do. Read his book again and ask him yourself, he would never recommend 20:1.
TB
Gold Coast, Australia
Posts: 7
15 years ago
Sep 22, 2009 22:01
Qin
glad i didn't short EUR/USD to 1.450! i placed multiple longs on the way down and collected all the way back up! It was a beautiful day! Fundamentals did not back it to 1.450 and some positive comments from ECB early and with China chatting about wanting all the IMF gold, this just confirmed my thoughts and more longs taken and profits made! Great day! Lets see what the FOMC have to say tomorrow.
TB
Gold Coast, Australia
Posts: 7
15 years ago
Sep 22, 2009 21:32
EL Shaer

You have learnt a lesson in trading today! Technical analysis is only a part of the trading game. I am extremely cautious of technical levels and only use as a guide. You MUST understand the fundamentals and it was quite obvious to me based on the fundamentals that yesterday was only dip and great time to get back in and short the US dollar again! awesome gains today as we have all seen. you should also think about low leverage and different entry points therefore decreasing your risk, or using a hedge. Anyway, take responsibility for your own actions! you are the one doing the trading. One bad trade should not break you if you are in the 10%.
TB
Gold Coast, Australia
Posts: 7
15 years ago
Sep 18, 2009 1:49
FX Handler
Nothing against Sweden. I have several businesses there and my wife is half swedish (grew up there, born there) and half norweign. So my children are half Swedish. I love the place and the poeple. Jonkoping as a town is certainly not the most exciting place i have ever been. DO you mean he is not ethnically Swedish? As you also know, you dont have to be a viking to be Swedish or Norweign these days.
TB
Gold Coast, Australia
Posts: 7
15 years ago
Sep 17, 2009 19:42
Could not agree more with the comments about qin. there are people who can only obtain attention by being negative etc. Qin is probably loving the fact that people are showing any attention to him, regardless of it being positive or negative. I happen to live in Sweden half the year by choice, and if you know Sweden (Sverige) and where this person is from in particular, you can understand why he searches for attention.
TB
Gold Coast, Australia
Posts: 7
15 years ago
Sep 17, 2009 13:35
Ashraf
I would appreciate it if you have the time to explain the thought process behind the masses to short commodities, therefore taking down the Aussie to 83 than jumping back upto 98 by year end? Is this due to profit taking, as all the fundamentals would indicate that some up and down on its way up, but why such drop from the high 87's to 83? and also, why do you believe that gold will reverse at the 1020 mark approx? Do you think we are now seeing this move to 83 with the Aussie?

Also i have noticed that some people write on your forums to have you respond to their negativity. It is like their 15 minutes of fame. I dont think you need to even bother with people like this. Maybe this person should write their own book if they feel they are better at helping others.

Thanks for you help.
I am really enjoying your book. A recommendation from a well respected South African trader!