No offense but I agree with Qin here. It was just a bit sarcasm, nothing more. ;) I mean, Qin just goes with the trend and buys dips. He's just more long term focused (like I am). Personally I don't see such a 3% drop in the Aussie nor do I see a 70% chance of a weekly close below 1.4550 in the Euro. But that's my view and of course I can be wrong.
To me it's rather funny to see all those guys here asking for advise how to trade. Ashraf I see no point in doing that. Ok, sometimes you're right and sometimes you're wrong. That's ok as this is just normal. But some here seems to think that you're right 100% and burn down their accounts.
Well I hoped it would work that way, that we return to the "good old" fundamentals where risk aversion doesn't necessarily mean a strong dollar. Looks like it slowly loses it's state as "safe haven".
Leverage can become very powerful if you add to a winning position. That way you can above 20:1 without any additional risks (of course using stops in that case). Personally I don't use stops at all - only under some circumstances (e.g. if I gear higher to be able to sleep at night. *g*). My strategy is rather simple. Go with the trend (well, sometimes against it like now by shorting the Euro), buy dips by scaling in, use low leverage...
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 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(11 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(11 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 (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 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(11 months ago)
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..
This is exactly what I mean...
Yes you can sell EUR/JPY, you can also buy if you like. ;)
To me it's rather funny to see all those guys here asking for advise how to trade. Ashraf I see no point in doing that. Ok, sometimes you're right and sometimes you're wrong. That's ok as this is just normal. But some here seems to think that you're right 100% and burn down their accounts.
Personally I don't use stops at all - only under some circumstances (e.g. if I gear higher to be able to sleep at night. *g*).
My strategy is rather simple. Go with the trend (well, sometimes against it like now by shorting the Euro), buy dips by scaling in, use low leverage...
If one is interested, I share my trading results (I don't make a living from them though): http://www.myfxbook.com/members/xaron