Reading back a bit to familiarise with names and contributors I noticed someone asking for good forex broker. Not sure if CMC has an influence here but I assume this is Ashraf's private enterprise.
If its a classic account you seek for MT4 platform take a look at GoMarkets in Aus. They are STP and with keen spreads generally. I have found they are better than Alpari and Forex.com not to mention the range of spreadbet brokers we have in uk. I use GM for intra day plays and spreadbetters for longer term positions. Alpari can offer classic and pro accounts with or without MT4. Forex.com are encumbered by the new US regs. Alpari have added a range of commodities and indices but I would place them alongside the spreadbetters for typical execution unless you take their pro account.
I realise the subject of brokers is a mine field all of its own. Personally I like to spread margin across about 8 outfits as my trust going forward is around about zilch.
If you haven't managed to find value here why don't you F/O from this forum which is obviously wasting your valuable time !
Your name suggests you realise that markets zig zag. Why don't you spend time with serious study to find out how the "zig zags" typically work.
Expecting to follow any analyst like a dumb sheep follows his flock is never going to make money for you.
You have to do some work to succeed in this endeavour or any other worthwhile endeavour. If I find Ashraf very helpful, how come you don't ? Think about that my friend.
Technicals give us clear parameters for trading. Short term fundamentals can contribute and make us better technical traders. Longer term fundamentals can take very much longer to play out than we might expect, almost ALWAYS.
Most purist fundamental traders I have known have found their bank accounts were inadequate to match their egos.
Our great leader employs a mix of all and that makes sense to me. Fundamentals are immensely interesting but so is EWA or any other worthwhile technical methodology. Some traders are just too lazy to study worthwhile "trading" methodologies. They prefer to spend hours preaching their "opinions" in forums.
Seems to me that some guys in this forum are inclined to get their timeframe knickers in a twist. Any technician making longer term forecasts or projections has every right to identify a violation and adjusty accordingly as the market confirms or invalidates. Or are we talking about high egoes here ?
My take is QE will not work and very inefficient weapon which ultimately weakens us all further. Several years more of de-leveraging lie ahead during which we will probably see another bank crisis to pale the the last one into insignificance. A deflationary environment will continue and stocks will turn down to alarming levels. USD will rise and gold will crater. If anything gets us out of the sh*t it will be the scientists rather than the politicians or money spinners. Gonna take at least a decade, probably two to see some light and even then we will see a slow jobless recovery. Inflation lies way into the future. Watch all commodities crater and watch some frightening attempts to devalue currencies. Trade wars --- probably.
I have a lot of respect for Roubini and would be interesting to have a very private conversation with him.
GU broke above the 78.6% ret of the move down to the 5297 low. This means there is now a high probability of seeing higher prices, not today but soon. My next target is a symmetry projection for abc pattern at 5935. If price blows through that we will see new highs above 5997. Several projections for that but lets see what happens at 5935
For non tech traders, EU did 5 waves down from the 26th Nov 09 high to the 7th June 10 low. We are probably now correcting that move down. 50% correction is a minimum expectation which price has now taken out today. Higher targets are now beckoning both on technicals and fundamentals. I will leave the fundamentals to our good leader.
Ashraf been pretty darned good calling this EU move up. It blew through the 50% ret and then the 127.2% ext ret of last swing down (3536). Next targets I have are 161.8% ext at 3795 or 3895 at 61.8% ret. Near enough to the great leader.
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..
If its a classic account you seek for MT4 platform take a look at GoMarkets in Aus. They are STP and with keen spreads generally. I have found they are better than Alpari and Forex.com not to mention the range of spreadbet brokers we have in uk. I use GM for intra day plays and spreadbetters for longer term positions. Alpari can offer classic and pro accounts with or without MT4. Forex.com are encumbered by the new US regs. Alpari have added a range of commodities and indices but I would place them alongside the spreadbetters for typical execution unless you take their pro account.
I realise the subject of brokers is a mine field all of its own. Personally I like to spread margin across about 8 outfits as my trust going forward is around about zilch.
If you haven't managed to find value here why don't you F/O from this forum which is obviously wasting your valuable time !
Your name suggests you realise that markets zig zag. Why don't you spend time with serious study to find out how the "zig zags" typically work.
Expecting to follow any analyst like a dumb sheep follows his flock is never going to make money for you.
You have to do some work to succeed in this endeavour or any other worthwhile endeavour. If I find Ashraf very helpful, how come you don't ? Think about that my friend.
Most purist fundamental traders I have known have found their bank accounts were inadequate to match their egos.
Our great leader employs a mix of all and that makes sense to me. Fundamentals are immensely interesting but so is EWA or any other worthwhile technical methodology. Some traders are just too lazy to study worthwhile "trading" methodologies. They prefer to spend hours preaching their "opinions" in forums.
I have a lot of respect for Roubini and would be interesting to have a very private conversation with him.
Yes indeed. Nothing to do with our moronic Mr Brown. Thank the lord he is now history :-)
Ashraf great leader for our forex fundamentals. No doubt about that one.
Its all in his IMT's. All you have to do is to look there.