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This thread was started in response to the Analytic:
GBP Trade Index 18-Year Chart
Daily GBP (British Pound) chart of 18 years of cyclical developments in finance & politics
Picked up first lots of usd/cad at 1.0581, with bids layered down to 1.0523.
I'm taking advantage over the euphoria of the Aussie cookd numbers. Reality will set in shortly (within 1-3 days).
Your analisys blows my hair back! Thank you, thank you, did i mention THANK YOU! I am an amature fx trader trying to figure out fx. Andrews pitchfork shows an awesom channel for the EU$.
Kooolstad
Having said that, when I close then see it moving further in my direction I am sometimes tempted to chase it. More often than not it's a bad idea. Something I still have to learn.
Ashraf's Twitter caution this afternoon not to chase cable after its 200 pip move down was a well-timed warning against this sort of thing.
Ashraf
Yes, Bernanke DID reiterate low rates for extended period (but that was NOTHING nothing new). WHAT WAS NEW was what I wrote on twitter 2 minutes after the release saying the following [READ CAREFULLY]
Bernanke strategy will be attained by increase interest paid on bank reserves.$USDX bullish/ NEGATIVE FOR STOCKS.
I wrote that 2 minutes after the speech. !I could NOT have made it any clearer. You guys have Twitter...giving you the luxury of getting INSTANT ANALYSIS FOR FREE on complex subjects (no one does or says the things I say on twitter with the same instant reaction). I said USD bullish and Negative for stocks. what else did i need to say?
good luck
Ashraf
Flawless Execution today you couldn't be more clear. Thanks for putting some cash in my pocket AGAIN as I shorted gbpusd, eurusd and gold.
All trades closed. Up couple of hundred pips AGAIN. Another great day with Ashraf Laidi.
Next time I see u needa get a picture with u Ashraf and will frame it :D
Haven't had a loosing day for like a month and my new(07) A5 is running perfectly.
It's fantastic to have somebody like yourself to double check decisions and increase accuracy. It's up from arround 60- 80-90%
THANK YOU SIR for clearing all the doubts and your cool head(yest. e.g.)!
Best of luck and best of health!
@mr_answer