@Caseyfj: Yes, sometimes you have to grasp the nettle and take the loss. I'm not so good at doing that myself, to be honest, but I know it (usually) makes sense. Depends also and partly on your style of trading and the particular market.
I second the thanks from RajSg to Ashraf, who should be Shorty No 1 without question.
May I ask this question @Ashraf:
You have been VERY clear about EUR/USD and #gold and the strength of USDX.
There is one thing I am not quite so clear on, and please forgive me if I have missed it:
Are you seeing at this point a longer-timescale target for GBP/USD, aka our old friend cable?
I have a feeling that this is a trickier one, as it partly depends on the "battle" between USD and JPY for the risk-aversion crown, which you have described and explained very well. More than once, you have advised us to treat cable with caution I think, although it is certainly possible to make money out of cable, as I have discovered, very often thanks to your calls.
I've looked at the latest IMTs and I'm not seeing any hints about cable, so I hope you will forgive this question. Situation re: EUR/USD and #gold a lot clearer.
Of course, we can expect a "Monday bounce" as usual, unless the market surprises us. At the end of the day, we are all dependent on the market.
All the best to you Ashraf, and the traders who follow you.
@Ashraf: Actually, you probably _should_ charge for this stuff. Actually, whatever they are paying you, IT'S NOT ENOUGH!
And we aren't paying you anything, and we should be.
Just to make it clear - I DO read twitter. (I was a bit late to the party, but now I am a faithful follower). For some technical reason I can't yet figure, my laptop (which I depend on, but after this week, surely I can afford a new one ...), does not seem to support Tweetdeck. Wierd problem. I will keep trying....or maybe try another laptop.
Account +69% this week (can't believe this myself, let alone convince anyone else...only a small account in the grand scheme of things, but still) ... this is at least 75% thanks to Ashraf Laidi!
Do you guys trade stocks? I didn't, but have been looking into it. Interested in any thoughts. Whole different ball game from FX and commods. But related, of course, as it all is.
@Lilgeo: Nice trade if you got in there. I've been in and out in various places, and made plenty of pips and , but no one continuous trade like that. I closed my last position at 1052, as I didn't want to risk getting stuck near the bottom (?) close to the weekend, then have it shoot up Monday (been there before!). May be a wrong decision, but I've made plenty in the last 2 days, so no point in trying to squeeze out every last pip.
Having said that, as recently as 1 hour ago, Ashraf tweeted this:
"Tenfourty gold can be seen today"
so you _could_ make even more profit.
(That position I closed was from much lower down and could easily have gone into drawdown with the speed gold can move, so that's why I didn't risk it. Your situation is different if you were in from 1116).
@AVG: You could also try with a demo trading account, so you are not losing (or winning) real money until you are sure you know what you are doing.
Tweetdeck: For some reason, I can't get this to work on my laptop. I've tried many times - uninstall- re-install. Won't let me add my Twitter account to it. Wierd. I've looked in their forums, but nothing relevant. Maybe a new release will come along and cure it.
This is not too bad though: I simply use the Twitter web interface. It seems to tell you in real-time when there are new tweets (so if you are using Firefox for example), even if you are not looking at the Twitter home page at the time, if there is a number in the Twitter tab, that's the number of new Tweets, so you know to go to the Twitter page, click on the "new Tweets" link, and up they come. Maybe not quite as good as Tweetdeck, but it's not bad either.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
قام الذهب باحترام نفس النموذج الشهري 8 مرات خلال آخر 17 سنة. شاهد الفيديو الكامل
Gold has repeated this monthly pattern 8 times over the past 17 years.Watch now.
Latest Hot-Chart - Jun 26
Bitcoin vs Miners, MSTR & COIN
The top chart shows Bitcoin price in USD, while the bottom chart shows the % change in the stock of price of various crypto miners, Microstrategy (MSTR) the 3rd biggest company owner of Bitcoin...
View Hot-Chart..
I'm not so good at doing that myself, to be honest, but I know it (usually) makes sense.
Depends also and partly on your style of trading and the particular market.
May I ask this question @Ashraf:
You have been VERY clear about EUR/USD and #gold and the strength of USDX.
There is one thing I am not quite so clear on, and please forgive me if I have missed it:
Are you seeing at this point a longer-timescale target for GBP/USD, aka our old friend cable?
I have a feeling that this is a trickier one, as it partly depends on the "battle" between USD and JPY for the risk-aversion crown, which you have described and explained very well. More than once, you have advised us to treat cable with caution I think, although it is certainly possible to make money out of cable, as I have discovered, very often thanks to your calls.
I've looked at the latest IMTs and I'm not seeing any hints about cable, so I hope you will forgive this question. Situation re: EUR/USD and #gold a lot clearer.
Of course, we can expect a "Monday bounce" as usual, unless the market surprises us.
At the end of the day, we are all dependent on the market.
All the best to you Ashraf, and the traders who follow you.
And we aren't paying you anything, and we should be.
Just to make it clear - I DO read twitter. (I was a bit late to the party, but now I am a faithful follower). For some technical reason I can't yet figure, my laptop (which I depend on, but after this week, surely I can afford a new one ...), does not seem to support Tweetdeck. Wierd problem. I will keep trying....or maybe try another laptop.
Account +69% this week (can't believe this myself, let alone convince anyone else...only a small account in the grand scheme of things, but still) ... this is at least 75% thanks to Ashraf Laidi!
Whole different ball game from FX and commods. But related, of course, as it all is.
Having said that, as recently as 1 hour ago, Ashraf tweeted this:
"Tenfourty gold can be seen today"
so you _could_ make even more profit.
(That position I closed was from much lower down and could easily have gone into drawdown with the speed gold can move, so that's why I didn't risk it. Your situation is different if you were in from 1116).
Tweetdeck: For some reason, I can't get this to work on my laptop. I've tried many times - uninstall- re-install. Won't let me add my Twitter account to it. Wierd. I've looked in their forums, but nothing relevant. Maybe a new release will come along and cure it.
This is not too bad though: I simply use the Twitter web interface. It seems to tell you in real-time when there are new tweets (so if you are using Firefox for example), even if you are not looking at the Twitter home page at the time, if there is a number in the Twitter tab, that's the number of new Tweets, so you know to go to the Twitter page, click on the "new Tweets" link, and up they come. Maybe not quite as good as Tweetdeck, but it's not bad either.
There is a recent tweet there about #gold .
(not that I see it happening, either).
- Not forgetting #gold !!!