not in audnzd either - the call from Ashraf was sound and could still come around - but currently looking very strong. i learnt at the cost of a few hundred pips to never bet against the aussie in the last 10-12 months - just see the fate of EURAUD and GBPAUD - the technicals are constantly signalling a buy but trying to time a bounce is very hard
mont - keep at it with low leverage, the more you play and practice - the better you will get, and soon you will find your positions seem to be in the money more often than not. The other key is to build your expertise in one or max two instruments only, that restricts over trading. trying to trade a number of currencies, commodities, index futures and stocks all at the same time is hard for the pros also.
only 30% of days are trend days - the rest play around the range wherein brokers make their living. you need totally different set ups to play the different types of days.
mont, marketmakers day are when the trading is very range bound and retail investors are normally at the wrong end of the trade - buying at the top and selling at the bottom - brokers are happy then
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months 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(10 months 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(10 months 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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months 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(10 months ago)
gold should go to 1123-24 in the next hour - and if that holds, then getting out of shorts and turning long is a possible idea
I think - no hike. Aussie will decline then.
If they do hike - then expect a shoot up to the 92s in the next 24hrs provided risk appetite remains strong.
no trade on the aussie at the moment for me - may enter after rate decision.
http://traderfeed.blogspot.com/2010/02/midday-briefing-for-february-26th.html
the rise to 1.3680 on the EUR had no follow through - dropped 80 pips in an hour and back to the dominant down trend.
trying to trade a number of currencies, commodities, index futures and stocks all at the same time is hard for the pros also.
only 30% of days are trend days - the rest play around the range wherein brokers make their living. you need totally different set ups to play the different types of days.
good luck