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Posts by "saka"

44 Posts Total by "saka":
36 Posts by member
Saka
(China)
8 Posts by Anonymous "saka":
Saka
China
Posts: 29
14 years ago
May 5, 2010 3:16
Hi, ashraf

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! ^_^
Saka
China
Posts: 29
14 years ago
Apr 20, 2010 3:22
Great analysis as usual!

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!
Saka
China
Posts: 29
14 years ago
Feb 5, 2010 3:07
@montmorency: I don't know whether government encourages people by physical gold. But as experience, if people are allowed to buy something, it is encouraged by government ;)
Saka
China
Posts: 29
14 years ago
Feb 4, 2010 16:41
montmorency,

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!
Saka
China
Posts: 29
14 years ago
Feb 4, 2010 15:57
PippedOff

Nice to meet you here.

I have been trading fx for more than two years, I'm not a newbie but also not a mature trader sincerely. The MATURE TRAER is in my mind who is also my idol to chase for. I seldom read what banks write which tells you the way of the market. I am a typical technique trader, but don't reject fundermentals either.

My strategy is 4h MACD Market Rhythm which is designed by Phillip Nel. Our thread is at forexfactory, you can view it here:http://www.forexfactory.com/showthread.php?t=14630

Cheers!
Saka
China
Posts: 29
14 years ago
Feb 4, 2010 15:19
Bingo,Ashraf

We would expect more bearish trend of EUR/USD, and wait for chance of swing up to short it.

It is newbie to do counter trend trade when it forms divergency, which is just the signal of cut some short positions for mature traders