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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
Ignore
Posted Anonymously
13 years ago
Dec 29, 2010 18:13
Happy New Year...be positive...peace bros..
Ignore
Posted Anonymously
13 years ago
Dec 29, 2010 18:10
So, in close range market, higher prob 51/49 + that returns to tunnel..for 89+

or just drink rum and proselytize...
Ignore
Posted Anonymously
13 years ago
Dec 29, 2010 18:05
DaveO''u be gettin quite bright and loquacious...good stuff and right on..

looking at euro/usd 1 hr..my last trade stopped progress at 55 away from the 'vegas tunnel'
144+169smas 1 hr chart and headed back to the tunnel..method common to floor traders to get quick scalps and lock the BE trade all day all night...

so euro/usd on way back north went thru tunnel to 89 pips north now..if u copy? @1.3217

this floor method also known as 'barroom floor' :) picking da scalp talks..

Asraf would know this method well, I believe...




Qingyu
manchester, UK
Posts: 1763
13 years ago
Dec 29, 2010 15:27
As for the audusd what is "dead" is the H&S. The next challenge is testing for double top at 1.0182.

daveo, i agree
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 29, 2010 15:23
I use Ashraf for the bigger picture but I don't agree with encouraging traders of various levels to ride 200/300 pip losses. If you entered the market that badly you failed to find a good entry. Even trading daily timeframe where wider stops are required its best to find a tight entry on the smaller timeframes.

As for the audusd what is "dead" is the H&S. The next challenge is testing for double top at 1.0182.

I lock in profit once a trade moves my direction and trail stops at logical levels. If an entry fails to move my direction almost immediately I'm out to reassess.

For the last coupla weeks into the new year prudent traders take a break or restrict their trading to scalps :-)

Finally Chloe, you would be wise to drop that word "definitely" from your trading dictionary :-)
chloethebull
Canada
Posted Anonymously
13 years ago
Dec 29, 2010 14:55
deffin not married to my trade but i recall ashraf saying if u can;t sustain 200-300pip swingsin todays fx markets mayb fx is not for u.thats why i concentrate on acct/margin mane,an i know tech aud has broken its formation but i still haven;t heard ashraf say its dead.just like the gbpusd trade it took 150pip+move above his support level b4 he called the trade no good which if u remember it shortly after tanked.but i deffin don;t fault traders who use tight stops as there prob sleep better @ night than i do lol:) an dave i find it hard that ur willing to put ur money to work long the market at these levels u must have some tight stops in place:) saying this cause u seam to be a solid trader an long to me is very risky going into the new yr an markets are thin but i think ur gonna close out positions b4 fri close..ok gl daveo:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 29, 2010 14:33
Never get married to your position, be ruthless.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 29, 2010 14:30
Some guys should imo take an example from Ignore trade management. No way was he going to let a winning trade turn back into a loser in some forlorn hope that the mkt would turn back his way again. He knew at what point his trade idea was in serious jeopardy and he managed to take some profit. Being totally mean like this with the markets is essential for long term success.
said
mulhouse, France
Posts: 2822
13 years ago
Dec 29, 2010 9:21
absolutely forextrader
yo confirmo
she can send a gold shipment to refine
tapper
Canada
Posted Anonymously
13 years ago
Dec 29, 2010 7:11
i dont even know if this is how you spell grammar. but im pretty sure its got nothing to do with spelling :)