Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)

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forextrader

vologda, Russia

Posts: 127

13 years ago

Dec 30, 2010 13:09

@Dave
I am just Small Town trader, Living in Lonely world

Ignore

Posted Anonymously

13 years ago

Dec 30, 2010 13:03

http://www.wunderground.com/cgi-bin/findweather/getForecast?query=Negril%20Point,%20Jamaica&wuSelect=WEATHER

Dave..this is the kind of consistency you need....
keep ur sweater buttoned up..

DaveO

N.Cornwall, UK

Posts: 5733

13 years ago

Dec 30, 2010 12:57

Putko :-)

I agree about aus to be admired. I also admire germany, much to catnip's annoyance :-)

Putko Mafani

Cape Town, South Africa

Posted Anonymously

13 years ago

Dec 30, 2010 12:39

@FX-1

Better listen to forextrader advice. Also combine it with some jerking off. GL!

DaveO

Posted Anonymously

13 years ago

Dec 30, 2010 12:38

FX-1. You need to reduce your size radically. Forextrader is right. I liken your trading to employing a drunkard to manage a brewery, can only end in disaster.

Chloe, peace man, I only targeted your choice of wording when commentating on market action but I do get slightly alarmed at some of the things you say about the cad. You should read up on MP (market profile). This study will show you how ALL markets behave and forearm you that in the fullness of time the cad will change its behaviour and catch you wrong footed. Understanding volume over time has great value to offer all traders.

Forextrader. I can distinguish immediately an experienced trader from a novice and you fall into the former camp. Btw I exited my long audusd and my long CL. I still feel the somewhat pathetic risk appetite will hold up into the year end but the ASX index has been badly lagging the SPX and its time to take a breather from long risk appetite positions.

Catnip, I didnt really think the china PMI was much off the last few months #'s, give or take a twitch.

Putko Mafani

Cape Town, South Africa

Posted Anonymously

13 years ago

Dec 30, 2010 12:37

0603 GMT [Dow Jones] A surging AUD/USD could be in for a rough start to 2011 as a set of January bond auctions on the other side of the world loom. With another jump in the past week, the AUD/USD is one of the strongest crosses for the year, hitting 1.0197 Thursday, its highest level since being floated in 1983. And though an ongoing mining boom, robust labor market and central bank still in tightening mode make a sell-off unlikely, some US$106 billion of euro-zone debt auctions could hit the cross hard. "There are a lot of bond auctions skedded for January, and those are milestones that loom incredibly large in Australia," says Gareth Berry, director of foreign exchange strategy for UBS in Singapore. "Those will highlight serious euro-zone issues and an uptick in risk aversion." Berry targets the pair at 0.9300 by the end of 1Q, while other forecasts range from 0.90-1.02.

forextrader

vologda, Russia

Posts: 127

13 years ago

Dec 30, 2010 12:21

@Fx-1
just stay away from your computer, go the park or do something else for one week. If you keep looking at your screen you will just loss your mind. Take break gather your thought and come back with new fresh mentality.

And dont over leverage, 8 lots for small equity account like yours without tight stop loss is madness.

You should look at yourself and question your logic and if you dont learn from it then you have stop trading

FX-1

TNDO, Canada

Posted Anonymously

13 years ago

Dec 30, 2010 11:45

by the end of day what happened .. this crap slipped down .. i booked my loss and lost my money .. lol

catnip

Frankfurt, Germany

Posted Anonymously

13 years ago

Dec 30, 2010 8:03

China PMI lower than expected yet Aussie weakens about as much as USD and CAD (??)
what's goin on here?