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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 29, 2010 19:51
Dave
why not hedge? Of course at one point you have to decide a reversal close the pos take profit
but as long as that doesn't occur you don't make any loss and need not care for sl...actually you don't even need care for entry. Of course you need more capital. You could play that as virtual or demo trades. You will always make profit no matter the entry.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 29, 2010 19:24
We have seen a clear example here of a trader blindly following Ashraf without knowing how to look after himself.

Ashraf, you need to write that darned sticky I keep going on about. There is the question of "responsibilty" wherever novice traders are frequenting a forum or trading room.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 29, 2010 19:13
Chloe, no I don't use hedging, I only stick with profitable trades, cut my losses real tight, I don't fade the trends, prefer to await some degree of confirmation when direction changes. If a trade entry goes against me I am out quicker than lightening.

Perhaps you are confusing me with catnip ?
Ignore
Posted Anonymously
13 years ago
Dec 29, 2010 18:57
FX-1...just adds a coat of thick trading skin..not the last coat...
gots to have pro attitude..onward...
just some notes..google Paul Tudor Jones

plenty of money to be made at 50:1 lev..
try to stick with one currency pair for watching price movement..
lower the size of trades to low %of balance..
don't average for awhile..straight trades..take profit be nimble..
learn to take profit quickly and let a lil run from BE...
goal = consistency

FX-1
TRNDO, Canada
Posted Anonymously
13 years ago
Dec 29, 2010 18:35
Thanks ignore .. i wil close the positions once my account becomes 5000 hope i can start fresh positions with that .. i will be cautious from now ownwareds for sure .. enough for me :( so sad now dont even know what to do
Ignore
Posted Anonymously
13 years ago
Dec 29, 2010 18:31
FX-1...aud trend line on 1 hr touched and indicators possible 65 pip drop from here if I had to pick..
take forextraders's advice, and consider yourself lucky.

but your loss is not even close to what you could have lost down the road by violating EVERY rule of account management, that leverage is ROOKIE times 2, when you started you risked more to build probably but now that you are 'airborn' a littl, very little, its da time to nurture, not gamble..


fwiw, u asked :) pulling for you
Qingyu
manchester, UK
Posts: 1763
13 years ago
Dec 29, 2010 18:11
oh dear, let's hope china pmi surprise on our side...
mo
liverpool, UK
Posts: 123
13 years ago
Dec 29, 2010 18:06
oh dear
forextrader
vologda, Russia
Posts: 127
13 years ago
Dec 29, 2010 17:38
@FX -1
Who knows maybe they will work out at the end, tonight china PMI if the number come bad we could see a big correction.
Other think you could Also hope for earthquake or tsunami to hit Australia tonight
chloethebull
Canada
Posted Anonymously
13 years ago
Dec 29, 2010 17:29
@daveo i can't remember if u use hedges or not..if so what ones are u using ok thanks an gl:)
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