EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Gold Keeps H&S Pattern الذهب يحافظ على نموذجه
كيف مفاجآة مؤشر البي أم آي أسرعت هبوط الذهب و أين تنتهي صلاحية نموذج الكتفين و الرأس؟
Strong PMI accelerated Gold's pullback & what's needed from NVIDIA, AMD & MU
Before Shorting قبل البيع
Be careful of the following factors in case you're already short Nasdaq100 or SPX500 or thinking about shorting.
View Hot-Chart..
http://www.youtube.com/watch?v=nE0hyX4J8IU
Or try You Tube search for "Ashraf Laidi looks ahead to Ben Bernanke's speech later this afternoon"
@Patriot: Presumably you know that in the UK one can use spread-betting as a relatively low-entry-cost way of getting into trading. One can start with only a few hundred pound, although beware of trading with a too-small account, and/or overtrading for the size of account. If new to trading, start off only trading the minimum amount per pip, especially if the account is small. Even with a larger account (as Xaron will probably tell you as well), it's good to keep the leverage at a sensible level (which is a lot smaller than most people think); leverage is a two-edged blade.
I think that anything that helps you learn how all the markets work and fit together should help.
When I first started (just over 2 years ago), I listened to those who said that everything you need to know about the market is in the price, and therefore you can trade using only TA and Price Action.
This may work for some, but it didn't work for me. It was only when I started trying to learn more about the fundamentals of the markets that I started getting somewhere. I'm not saying that TA and PA don't have their place ... Ashraf clearly makes use of them, but always in the context of the wider market, that's the key I think.
"Reccomend" is maybe too strong a word, but for forums, just to mention Forex Factory and Trade2Win.
There are others, but those are the ones I know best.
Bernanke Video Previewhttp://bit.ly/9CXYiZ
As I write in the other Gold thread, I don't understand the timing of why it fell sharply this morning (0900-1000) GMT, but I'm grateful anyway. As I write it is slowly advancing up through 1093-1094.
Pre-Bernanke nerves or what?
Back to fundamentals for a minute, Ashraf has said many times that USD and JPY are the "risk-aversion" currencies, and they seem to take it in turns to benefit from a risk-aversion phase. I am sure that Ashra has given us hints and information in the past as to which is most likely to benefit at any given time (a lot of possible factors to consider), but I can't say I have this down. He has said recently that he will cover this ("risk differentiation") in his 1-day course in March (which sadly I won't be able to make). Anyway, whatever the factors are, I suppose that ultimately, it should be the fundamental factors that will determine whether the USD or the JPY gets the best of it, and whether that trend will continue, consolidate, or reverse. It certainly looks as though in general, the Yen has been getting the best of it, but on the other hand, we know that the last year or so has been tough for the dollar generally.until the recent rally.
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Just click on the Attach Chart.
@Raulin: I have not seen any slanging matches here, or "dissing" of other forum members. Simply exchanges of views. Not a bad idea to posts charts though, as forum members occasionally do, in addition to those posted by Ashraf on a regular basis.
I am still unclear as to why the payment of interest on reserves is significant.
Thanks if you can throw any further light on this.
Alternatively, bearing in mind the traditional use of the cockerel design (as mentioned in that article), you could also use the related name which is common in England, which I won't mention here as it might be thought by some to be a bit rude, and this is a family board :-)