close typically means 5 pm new york time, when the currency "day" ends a new one starts. This is the time which the highs and lows of the day start from.
Unless he mentions a specific time. For example, an "hourly" close above or below would reference the hourly chart, the same as a "daily" close above or below would reference the daily chart.
Hope you took advantage of eur riding the spike of the asd news and shorted it properly. Gold looks long in the tooth, as does asd. Once they pull back, the money makers better get to work on the boy toy eur.gbp ti support eur - long way down from 1.442 to below 1.4.
despite it all, usd.jpy starting its grind higher.
I agree wholer-heartedly. Thered is tons of clutter out there. Ashraf's insightful analysis seems to cut through the chase and enable me to focus better on what IS important to making winning trades. After all, that's what it is all about.
BTW, is that Said pounding eur lower now that eur longs received their three day premiums on the roll at 5 pm new york time?
Make yourself feel better and take advantage of the gratuitous market to get long usd.jpy first, then short eur.usd. And if you are already, increase your position by 1 unit each.
They are hanging in to collect their frivolous three day premium at the cut on the roll in 27 minutes, then what? Who will be left holding the aud, gdp and eur bags?
Make $$$. Take advantage of short-term market inefficiencies and fluctuations.
On a different thought, less than one-trading hour remains for the usd bears to incur their three days premiums. I expect to see a sharp pullback in aud at this time, which will lead eur and gdp lower.
These guys don't want to be so short USD heading into U.S. NFP tomorrow 5:30 am new york time.
LOL-you are now getting comical. I just PROVED to you what I was saying was true.
Take a step back and look at the big picture. Gold has rallied $50 in three trading days, allowing aud and nzd to go ballistic. Will this continue?
Eur and gdp would already be toast had it not been for the gold rally offering support, and for the eur PPT.
Again, I'll side with Ashraf's expert analysis on long usd.jpy and short eur and gdp.
You can continue to microanalyze every piece of datas unitl you are in a state of "paralysis by analysis". My twenty plus years in financials has taught me ONE things consistantly: Ashraf's recent muse that charts don't lie is absolutely, 100% completely true.
Now we will see if his call for Eur at 1.42 and then sub-1.40 is accurate, or if you are correct. That's what makes a market-folks on both sides.
You CANNOT be that naive. There are many reasons for intervention. The eur PPT does not care where eur is in six months, they only care where it is in the next day or two.
If I understand you correctly, you do NOT believe Ashraf's analysis that Eur heading south.
Just read this in a news release titled" USD Weakness Means EUR Solidly Supported" - BNZ
"...Euro suffered overnight wobbles after ECB Executive Board member Juergen Stark says central bank won't bail out Greece, but SOVEREIGN NAME BUYING around 1.4280 STABILIZED single currency..."
SOVEREIGN NAME BUYING are the Big Boy Money Maker "PPT" for the Euro, and their weapon of choice is their Boy Toy eur.gbp.
STABILIZED in this context translates to "intervened". In other words, some very big people are desperately supporting EUR.
So the question and battle moving forward is...Will Ashraf be ccorrect and is Eur heading to 1.4200, then sub 1.40, or can the "Sovereign Name Buying Big Biy Money Making PPT" artists continue to mintervene and support a doomed falling knife?
At the time of this post, they are pouring EVERYTHING they have into eur.gbp, now at .9007.
I'd like to thank you for all your hard work and expertise regarding FX. IMHO, you are one of the, if not the top FX analyst around.
As a present to myself, I purchased and am waiting delivery on a book entitled "Currency Trading and Intermarket Analysis". Can't wait to receive it. The reviews on Amazon were spectacular.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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@XM_COM (11 months ago)
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إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Unless he mentions a specific time. For example, an "hourly" close above or below would reference the hourly chart, the same as a "daily" close above or below would reference the daily chart.
Hope you took advantage of eur riding the spike of the asd news and shorted it properly. Gold looks long in the tooth, as does asd. Once they pull back, the money makers better get to work on the boy toy eur.gbp ti support eur - long way down from 1.442 to below 1.4.
despite it all, usd.jpy starting its grind higher.
Good trading...
I agree wholer-heartedly. Thered is tons of clutter out there. Ashraf's insightful analysis seems to cut through the chase and enable me to focus better on what IS important to making winning trades. After all, that's what it is all about.
BTW, is that Said pounding eur lower now that eur longs received their three day premiums on the roll at 5 pm new york time?
Make yourself feel better and take advantage of the gratuitous market to get long usd.jpy first, then short eur.usd. And if you are already, increase your position by 1 unit each.
They are hanging in to collect their frivolous three day premium at the cut on the roll in 27 minutes, then what? Who will be left holding the aud, gdp and eur bags?
Make $$$. Take advantage of short-term market inefficiencies and fluctuations.
Good trading...
On a different thought, less than one-trading hour remains for the usd bears to incur their three days premiums. I expect to see a sharp pullback in aud at this time, which will lead eur and gdp lower.
These guys don't want to be so short USD heading into U.S. NFP tomorrow 5:30 am new york time.
Let's work together to make some $$ Said.
Regards
LOL-you are now getting comical. I just PROVED to you what I was saying was true.
Take a step back and look at the big picture. Gold has rallied $50 in three trading days, allowing aud and nzd to go ballistic. Will this continue?
Eur and gdp would already be toast had it not been for the gold rally offering support, and for the eur PPT.
Again, I'll side with Ashraf's expert analysis on long usd.jpy and short eur and gdp.
You can continue to microanalyze every piece of datas unitl you are in a state of "paralysis by analysis". My twenty plus years in financials has taught me ONE things consistantly: Ashraf's recent muse that charts don't lie is absolutely, 100% completely true.
Now we will see if his call for Eur at 1.42 and then sub-1.40 is accurate, or if you are correct. That's what makes a market-folks on both sides.
Hardly....
You CANNOT be that naive. There are many reasons for intervention. The eur PPT does not care where eur is in six months, they only care where it is in the next day or two.
If I understand you correctly, you do NOT believe Ashraf's analysis that Eur heading south.
We will see...
"...Euro suffered overnight wobbles after ECB Executive Board member Juergen Stark says central bank won't bail out Greece, but SOVEREIGN NAME BUYING around 1.4280 STABILIZED single currency..."
SOVEREIGN NAME BUYING are the Big Boy Money Maker "PPT" for the Euro, and their weapon of choice is their Boy Toy eur.gbp.
STABILIZED in this context translates to "intervened". In other words, some very big people are desperately supporting EUR.
So the question and battle moving forward is...Will Ashraf be ccorrect and is Eur heading to 1.4200, then sub 1.40, or can the "Sovereign Name Buying Big Biy Money Making PPT" artists continue to mintervene and support a doomed falling knife?
At the time of this post, they are pouring EVERYTHING they have into eur.gbp, now at .9007.
I'd like to thank you for all your hard work and expertise regarding FX. IMHO, you are one of the, if not the top FX analyst around.
As a present to myself, I purchased and am waiting delivery on a book entitled "Currency Trading and Intermarket Analysis". Can't wait to receive it. The reviews on Amazon were spectacular.
Thanks again!