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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
whether the nfp number tomorrow is good or bad, will be looking for usd to continue rally...
arguments:
bad number K - people run for cover under usd/ bonds etc
good number K - people run into us equities, and away from 'international' risk
ie. usd demand either way....works in theory ;)
http://www.bloomberg.com/news/2012-05-03/jobless-claims-in-u-s-decline-more-than-forecast.html
http://twitter.com/#!/Newsweek/status/196642860576157699/photo/1
my dxy targets are 78 at first.. then 76..
..trading, it's the worst when it's bad and so good when it's good it should be illegal...;)
Flast, all one can say is that sometimes the MA's work for S&R and sometimes they do not work. Same applies to H&S patterns and all manner of analysis. Ultimately we develop a "feel" what is likely to work and what is likely to fail in any given mkt environment but even then we can get it wrong as often as we get it right. Trading is one of the most difficult challenges you could seek to confront. Its easy to put on a trade but not so easy to be in the top 2% of traders who reach "consistent" profitability. Lots of hard work and dedication is required. Blood, sweat and tears come first. This is my easter message to you hu hu.
http://www.youtube.com/watch?v=LanCLS_hIo4
anyway here is flast's link http://www.m5zn.com/uploads3/2012/4/6/photo/0406121804258c5ypj7oranfceah9ns55py.png
also found these simple trading rules on that super signal site that uses such ma's (btw they're only scalping now:-).. hope these help Flast..
"1. Daily 50,100, 200 MAs:When they lie 30-50 pip away from the price zone, then they become the first set of stops for your trades. We will then move forward to make sure that these stops are stronger than they seem to be by going through the next set of stops.
2. Confluence of MAs is an important support / resistance zone: The 50 , 100 and 200 MAs can often come close to each other in a range of 20 pips to each other. This zone can be referred as confluence zones. If this zone lies above the price range, then it will act as an important Stop Point for prices.."