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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usually at the case that the price cracks the trend line, the trend would be very quickly to be finished. If GU does follow the trend as what you analysised. when the UK's GDP figures released, and the price goes down, should I enter the short trade with it at that time?
But the more I have learnt, the more difficult to judge whether to trade. I have been trading FX for 3 years, I don't know how long I could be a professional trader?
Thanks for your tips. Just as what you describe, if eu's bond yield is higher than US', it is good for EU, am I right?
I am very sorry that I just have got a new job as a US stock editor last week and very busy, so that I didn't read your message. What a pity I miss a good opportunity to communicate with you....
@samof
hi, samof. My QQ is 776044530
I have finished reading yoru book. But I only find the charpterw concerned with the spread of structrure of interest of a country. I want to know how to use the spreads of US EU bond to analys
EU, thanks!
I have shorted AUD/JPY from your anaylsis, this is quite similar to the subprime crisis period. S&P also cracked 200ema, which forecasts major crash in stock market, thus we would expect more carry trade unwings.
From learning history, I know at different period, market has different foucs. This is really a work which needs more experience to know which fact leads the whole market. I will keep on learning your book.
I just have finished reading chapter 3 of your book which describes the period between 1999 to 2001 at which time US dollar was bullish. It coincides that dollar is in the same track now. But I find that there is an important support line formed from subprime crisis and later. Will the EU be supported at this level before cracking down? From your fundermental anaysis, I really trust this is a strong dollar bullish trend. http://www.forexfactory.com/attachment.php?attachmentid=469431&d=1273025170
Meanwhile, after reading chapter 1 and 2 of your book, I still don't know exactly how to use gold and oil to analyse the direction of certain pairs. If I find gold versus two currecies to find which one is more stronger, the pairs of these two is going to certain place where a bullish or bearish trend was formed. This is a hinder sight.
And the oil. If I am not wrong, oil vs dollar can be a leading indicator of financial martet, after it overcomes some important sup/res level, we can anticipate currency market would follow its direction.
Hope you can give me some tips. Thanks you! ^_^
Dear Ashraf, after listenning your lecture at CMC in Beijing at the end of last year, you really have opened a new window for my FX trading. So I have bought your book Currency Trading and Intermarket Analysis and began to read it.
Now I have finished the first chart which is about gold. But an important question was emerging in my mind: where can I get these data and charts especially the ones about inter markets?
Another one is that if I have such charts, how can I use that? Because the data with inter markets are all curves not candles, how can I find out the important reverse point about the market? I saw you always find the peaks or bottom of these curves.
Thank you!
Nice to meet you here also.
It is true that I also want to study Ashraf who combines technique and fundermental together so wonderful. In my mind, if you master more ways of anaylsises which are from different views of the market, the more the result is relieable.
Anyway, it is so interseting of learning how to trade FX!