Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
Does anyone or Ashraf have charts or info about rate expectations in the past and how they panned out regarding actual rate increases/decreases by central banks (part. the Fed) ?
Thanks,
Rob
Ashraf
Do you think tomorrow FED may help Japan as hikin rates?
Thanks Rim
Dollar Index slips below 76.40 today the balance of power will tip in favor of the bears.
Dr Alexander Elder is worth reading for money management and record keeping. "Come Into My Trading Room" is a good book amongst others. His basic rule is risk maximum 2% of account on any one trade and maximum 5% of account for all open positions in your trading portfolio. Once profit is locked in on a trade by trailing hard stop it can be used to open further position within the 5% rule. He stresses that his 2% and 5% are absolute max and better to work more conservatively most times. I too trade gold and prob my favourite instrument.
Think we had better leave the geegies out of this or will become overly off topic. Mind you I shouldn't be surprised if Ashraf's new forum has a football forecasting thread :-)
Italy beat France today 22-21 in the 6 Nations rugby, now there is a man's game :-)
Thanks for all your input.
I enjoy the ever popular Kentucky Derby, and every other year the prep races...to do it right. Like fx you need something to filter out and in a lot of noise...news, hype, rumors and emotions.
My first experience with horses was after receiving a can't loose method in the mail. Perhaps these can't loose scientific gimmicks worked one time in the past but not by the time they reach the general public. So, I'm leery of some fx stuff sold today and offered in emails.
Money Management is important. A close friend of mine shadow authored a book by a popular fx trader and has promised to show me a few things one of these days. Recommends never risking more than 2% of the account on any one trade. Getting it right one out of four it's possible to make money, but a person can get it right more times than that I should hope refining an edge as you say. This person currently prefers to trade Bollinger bands with 21 EMA and for less stress more sleep, the hourly candlesticks outside of news hours. Much unsaid.
After many years trading gold and gold juniors I naturally gravitated to fx. Always, I am reading the news, absorbing data, select analysts, on and on so why not?
Grew up in Alaska, a bit on the rough it and even wild side at times, but also having associated amongst those with a do it with excellence spirit about them. Hope to contribute to this site periodically, but, may just be a flash in the pan.
This is getting long. With the Derby coming up sort of wanted to talk handicapping, bookies. lol
Later, and thanks again for your contribution to this site.