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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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chloethebull
Posted Anonymously
13 years ago
Dec 14, 2010 17:33
looks like those 50pip moves earlier today woulda been the smart thing to take lol ohh well gotta live with our choices..given the data i woulda thought usd strebgth would be moving higher,mayb were gettn ready for ben to raise rates today an say theres no need for qe2-3 lol..we can dream can;t we:)gl guys
said
mulhouse, France
Posts: 2822
13 years ago
Dec 14, 2010 17:23
jcd

the calculus method 1 2 5
http://img.photobucket.com/albums/v700/beggorahbilly/conair2.jpg
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 14, 2010 16:00
BOC = BOE (not much oxygen here :-)
Qingyu
manchester, UK
Posts: 1763
13 years ago
Dec 14, 2010 15:46
thank you, jcd. :)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 14, 2010 15:32
jcd, I am supportive of what the coalition govnmt are doing, or trying to do. I hated the Greenspan/Brown era of very irresponsible economic management and government and of course Bernanke inherited and Cameron inherited.

I am waiting for the cuts to start biting next year. Its much easier to talk about making cuts to our deficit than carry them through without anarchy in the streets of London, and massive unemployment is very probable. I like the power of the coalition at this particular time in our cycle but can it hold together ? I think so. I also like our BOC man Mervyn King who is old school economic management and no puppet to government like the last guy Eddie George. Greenspan was a puppet to government, did you watch M.3 during his tenure !!! Brown was a total disaster for 13 yrs, he should be hung drawn and quartered.

Nuf said or I shall start a real rant Greeny versus Brown :-(((((
jcd5816
United States
Posts: 10
13 years ago
Dec 14, 2010 15:23
Qingyo, Whenever you find a method, I would suggest journalling all your trades. When you take a trade, write down why you took the trade and study your thoughts regularly, especially your losses. After 100 of trades or so, compute your ratios. What is the % of your trades that are winners, how much money do you make on your winners, how much do you lose on your losers. When you get to app. 50% winners and make $2 for every $1 you lose, you could have durable method. Focus on your thoughts and your discipline and your pathway to net profitable will be easier.
Qingyu
manchester, UK
Posts: 1763
13 years ago
Dec 14, 2010 15:01
i am still finding my method...

:(
jcd5816
United States
Posts: 10
13 years ago
Dec 14, 2010 15:00
Right on DaveO. On a more fundamental question, how do you view David C. fiscal plan/austerity. The U.K. seems to be getting their fiscal house in order, can't say the same for the U.S. Long term I like sterling.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 14, 2010 14:48
jcd5816
how to determine entry is a question of transformation from continuous ( frequency) to time
( charts). Howver the better question is why care? One has to find a hedge for every trade,
for ex. AUDUSD short means USD long is hedged with USDJPY short and so on. Thus if it works perfectly your account at fx is a constant. You sell the profitable trade and keep the loss which you hedge again and so on. To find the hedges you need to have the relative strength which is
not a price but a measure of structure.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 14, 2010 14:48
Giving back helps ourselves also, no doubt in my mind about that. I think all traders go through hell for at least 3 years with very few exceptions. It took me 5 years to reach a truly consistent b/e performance. The trading educational industry is mainly run by failed traders who know the theory but cannot practice. Its an enormous industry which largely does little favour for novices. I am told the average turnround of futures traders entering/leaving the arena is 3 months ! Forex is especially attractive to newb retail traders with the very low lot size available, low account deposits and very high leverage. A recipe for disaster one might think :-) On the other hand forex is great for being able to progress to playing multi unit trades at moderate cost.
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