Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 901
Posted: Feb 22, 2010 5:00
Comments: 901
Forum Topic:
CHF
Discuss CHF
one has put in on a pair in forex...it is imperative to have many years of this IN FOREX...
and following other's ideas can be harmful, if it replaces your own FOREX trading model..
sorry you were dissapointed with your leader...but don't see his obligation the way you do obviously..
gl & gt
I certainly did not mean to infer you are foolish. far from it !
What I meant was that moving the stop away from the market is foolish. If your follower had placed a hard stop on the trade in question it would have been taken. Are you now saying your stop position was not technically logical !
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.
Not only did USDCHF rally 150 pips from 0.9550, but yes, the hedge did work. ie the short EURCHF did work. I did not know i needed your authorization to "claim success" for the rebound in USDCHF and the resulting decline in EURCHF.
If you would like to play policeman or Mr Fair on this forum, I suggest you seek other avenues. I welcome crticism for instance on my poor short call on cable. But this? At least.. Taking me to trial on 3 questionable pips?
I rarely the take the time to spend time on petty comments. But I was expecting more from veteran member of the forum such as yourself.
Ashraf
watching the action near a stop often brings the moment of enlightement previous to it being hit and thus
the stop lifting.. I added size to this trade at the near bottom....
are you experienced in fx or do you believe master of one market = master of all?