EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Very accurate explanation, when i go into a trade i dont think how much will i take how but how much i am risking. if the trade goes against me what are its potentials against me and can i manage it or should i put a stop loss. We all have so different psychologies, where you are entering short some one else is taking a long position and some times both of you win some times one wins some times both loose. It all depends. I have tried and experienced to open hedged positions and have always been profitable. But still i dont hedge all the time. Trading is about flexibility
Since there is no inexhaustible supply of money in some market or on sidelines, it is impossible that all market participants are winners. So the winners are rational and the losers irrational. It is as simple as it is. Intermarket analysis is a good approach but I don't see this analysis showing up in a chart of one variable.
Learned the hard way Ashraf is very accurate on trend, but is not a signal resource. He acknowledges this also. Got run over when Gold, euro, GBP/USD all pummeled his ever, rising "caps". I don't appreciate simply raising caps whenever the old one gets blasted through. I could read a chart and say the same. I found a few good resources which are much better at account management than Ashraf. I love his analysis and rational. However, markets can be irrational for much longer than most of us can hang in. So I am learning better account management techniques elsewhere. I still follow Ashraf as his analysis is awesome. I just don't post anymore. How's our ol' friend Xaron doing?
I remember reading your take on the Aussie two days ago where you mentioned AUDUSD gains being capped at the 9230 level. It is above that level for the last 48 hours. Do you consider this breach of 9230 as an impetus for higher levels again and further gains? Or is it heading down again in your opinion?
Sincerely,
R.