Good afternoon Davit, i have been watching and reading this thread for a long time and not been able to trade much but will start to contribute now i am able to trade much more. Hoping to learn from you and everyone else. This way of trading seems to fit my style since i focus on fundamentals.
- #37,745
- Oct 29, 2020 7:45am Oct 29, 2020 7:45am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
Audusd going towards 07600. My TP at 07575
POSTMASTER
- #37,746
- Oct 29, 2020 7:46am Oct 29, 2020 7:46am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #37,747
- Oct 29, 2020 7:49am Oct 29, 2020 7:49am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #37,748
- Edited 8:48am Oct 29, 2020 8:32am | Edited 8:48am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Audusd going towards 07600. My TP at 07575
AUD is heading towards end of that yellow box 66's IMO
About China.Western economies with their shut downs and trade issues with US Chinese economy is already in rescission due to less orders placed and less manufacturing and will get worse.Asia already in rescission.If Anything AUD NZD will get dumped going forward.
In trading, you have to be defensive and aggressive at the same time
- #37,749
- Oct 29, 2020 4:36pm Oct 29, 2020 4:36pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi guys
WE are adults and everyone who trades seriously know managing your account is critical.You dont need me or anyone else to say to you want to do.
Having said this few pointers.Know when to fold and when to hold.This is individual due to account size and position size.I trade risk substantially larger positions then most.I am comfortable with that however you should trade positions you are comfortable not taking example of mine or others.
DD is natural in trading much like sawdust in cutting wood.This is due liquid nature of price.I use pivots and fundamentals to hang or cut losses.
You can use whatever it suits you but be aware every trade needs room to breath time to mature.Some trades are quick some takes few days and some even weeks.I try to avoid pairs that dont move much....Money is time and Time is money.
Anyway holding trades mostly on CAD to bank.Almost there.Regards
WE are adults and everyone who trades seriously know managing your account is critical.You dont need me or anyone else to say to you want to do.
Having said this few pointers.Know when to fold and when to hold.This is individual due to account size and position size.I trade risk substantially larger positions then most.I am comfortable with that however you should trade positions you are comfortable not taking example of mine or others.
DD is natural in trading much like sawdust in cutting wood.This is due liquid nature of price.I use pivots and fundamentals to hang or cut losses.
You can use whatever it suits you but be aware every trade needs room to breath time to mature.Some trades are quick some takes few days and some even weeks.I try to avoid pairs that dont move much....Money is time and Time is money.
Anyway holding trades mostly on CAD to bank.Almost there.Regards
In trading, you have to be defensive and aggressive at the same time
- #37,750
- Edited 10:31am Oct 30, 2020 10:16am | Edited 10:31am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi guys managed to close NC in profit but not GC or UC both moderate DD still waiting. Today wall-street stocks nosediving and why strong USD.
My month is staggering over 50%gain.Can't complain.
Biden or Trump both will run another stimuli maybe another hence projection of USD is continued depreciation until vaccine....Cases of Covid are enormous daily and no end in sight.I dont even leave my house...
My month is staggering over 50%gain.
Can't complain.Biden or Trump both will run another stimuli maybe another hence projection of USD is continued depreciation until vaccine....Cases of Covid are enormous daily and no end in sight.I dont even leave my house...
In trading, you have to be defensive and aggressive at the same time
- #37,751
- Oct 30, 2020 11:55am Oct 30, 2020 11:55am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #37,756
- Oct 31, 2020 6:34am Oct 31, 2020 6:34am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #37,758
- Oct 31, 2020 2:51pm Oct 31, 2020 2:51pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Boris is helping Pound sell
Lock-down considered a month long.Nice. Got big positions on GC going south.
I think EG going up again 91-9150
Love shorting EG made 2k this month doing exactly that on EG short
Lock-down considered a month long.Nice. Got big positions on GC going south.
I think EG going up again 91-9150Love shorting EG made 2k this month doing exactly that on EG short
In trading, you have to be defensive and aggressive at the same time
- #37,759
- Oct 31, 2020 2:56pm Oct 31, 2020 2:56pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Davit, I agree. Trying to teach someone something for their own good is a THANKLESS JOB. What our mentor taught us (Mark Douglas) was patience, everything comes full circle. Sure, DD is trading. Anymore if I am 4K in DD, it doesn't even get my attention. Your method Davit works. People who don't succeed are the ones who do not want to do the work. It's all there, Fundamentals are found everywhere. Fundamentals and Patience is KEY and, WINS. Winning brings confidence. DM
In trading, you have to be defensive and aggressive at the same time
- #37,760
- Oct 31, 2020 2:57pm Oct 31, 2020 2:57pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Done for the week!{image} Finished strong on october too.
{image} No open trades for now.
In trading, you have to be defensive and aggressive at the same time