Posts by "rkkashmir"

@mont-I use an FX trading platforms for higher-leverage trading.

I would like to also trade currencies for $$ I have in a stock account. It appears to me the "cuurencyshares" fx etfs all trade 1:1. Is there another instrument available that perhaps ups the leverage of these which trades on the equity market platforms?

Thank you so much Ashraf. Found them all.

Are there any "leveraged" ways to play eur and gbp on the NYSE - more leveraged than fxe and fxb?

You were great on CNBC Euro. They should give you more air-time, and allow you to focus more on FX, your specialty. After all, that's why you are there.

I hope none of the good folk here are getting hurt by this turnaround in late-asia, early-europe session.

Remember, things don't always follow the same direction after 300 straight days and 200-300 pip ,oves. Don't get greedy. There is always another opportunity

I say this because stocks sold off sharply two days in a row, and today's negative U.S. market already factored into Asian and European markets futures. When those markets hold ad don't dell off any further, currency pairs have lost 200/300 pips in three days will consolidate and retrace (a bit)

I posted the below message just two days ago when all seemed glum because of the ramp job on gbp/usd. Now I caution everyone about getting too aggressive and greedy as USDX bulls here.

The same message. Things can turn quickly. Each trading session during the day has it's own characteristics. Don't be afraid to book profits.

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Everyone, let's take a step back and take a deep breath. Any movements in the market today should really be just fpgotton. Very thin trading conditions allows for unexplained movements in select pairs.

Look out further than the next 10 minutes. Of course gbp/usd will go lower. But this week there is a string of data which is set up for gbp positive. The question is, has the market factored this in with the 500 pip rally in gbp off it's lows.

Also, the eur/gbp pair. Just a week ago at 0.9020 analysts were pounding the table for 0.91-0.93, and possible parity (believe it or not). Now, AFTER the pair has broken down in the near term. these same analysts are pounding the table for 0.87/0.84. They may be right who knows.

But what I do know is I don't need a weatherman to tell me which way the wind is blowing today. I need a weatherman to tell me which way the wind will blow in the future. For example. just read these guys regardie aussie. In asian session today, when it fell below 0.92, they were coming with "justifications" as to why it fell, and why it would continue lower and underperform. Now that the pair has rebounded throughout the day, the same people are pounding the table with "justification" for it's upward movement, and calling for tests of 0.9325, 0.94 and calls for parity yet again. Folks, I can do what they do.

And this is why we are all here reading and contemplating what Ashraf has to say. It doesn't always move in his direction on the day we want it, but many more times than not, and with advance analysis, he has proven to be correct.

Yeah, I'll agree euro and gbp may trend higher in the (very) short term. But we all know in FX things change in a heartbeat. Stay the course, do not overleveredge and undercapitalize, allow things to work out, and you will be fine.

Good trading...