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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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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 12, 2011 0:32
good evening my friend from down under :-) I find it very difficult not to try help anyone who is obviously making a real effort (in any forum). Those who are just waiting for calls get no joy from me. Laziness has no part in a serious trader's schedule which is why I only talk analysis, not signals. Been there, done that and all that is achieved is an even lazier trader :-)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 12, 2011 0:21
Hey Dave you are putting a lot of effort there.. getting ones fingers burnt while young can help later in life, as you know:-).. but I guess having good teacher can help saving ones hand from being chopped off..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 20:40
you could place order entry titch above the high if your broker also takes consecutive SL order.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 20:38
nah I love all sorts of music but not when trading. Even have to turn off my very polite squawk box gentleman sometimes to facilitate "concentration". The service has text also so I don't miss anything. Only turn the sound on for specific news announcements or commentary I dont want to watch on sat tv.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 11, 2011 20:33
ok done for the day heading out for a 60km bike ride ..finally after 4days of rain:( cant stay in no longer :)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 11, 2011 20:32
ok thanks dave im flat and will remain flat till i see a retest of my bottom chanel 9570 were ill chk to see if were heading lower b4 reentry .. u right no need to be too crafty :)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 11, 2011 20:28
you did well with your trailing stop to catch most the move from your entry. You are talking about fading on the lower timeframes now to go long again while price moving down. Its your risk but not something I do myself without having some pattern confirmation on a retracement. The safer long re-entry is a coupla ticks back above the high and you dont lose any sleep about the 20 pips you may think you sacrificed. Never ever think you can catch 100% of any move. If you score 30% you gettin to be elite trader. 60% puts you in the very top echelons. Your fading inclinations are highly dangerous for you in the absence of fully understanding market structure. Supports and resistances can get trashed time and again sometimes. Thing is to try very hard to retain your profits so this means trading the safer ways imo.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 11, 2011 20:00
hey dave im looking to reenter my $cad longs and my chart seems to b saying 9600 is good point as it show previous support b4 we moved lower the other day..but i cant help but think 9570 would be much better..if u have time mayb a quick thought:) thanks:)
Sir Ignore
United States
Posts: 3068
13 years ago
May 11, 2011 19:23
Chloe..I think Dave blasts da reggae music loud too while he's trading.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 11, 2011 19:08
stop was hit ohh well i;ll get it back once we retest 9600..ok gl:)
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