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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 100
Posted: Feb 22, 2010 5:00
Comments: 100
Forum Topic:
Trading, Analysis (Technical/Fundamental)
Discuss Trading, Analysis (Technical/Fundamental)
PBOC announcements usually around 10-10:30 am GMT.
At wt time tomorrow China's rate decision will be declared.... Just want to be alert.....
Thks :).... Have a nice evng.....
Callum, if they do raise rates, it should be USD positive but not sure for how long (3 or 8 hours) that depends on extended market reaction. Yen may also take over if US data are bad.
Ashraf
What's the implication of this 27-bp hike? Stronger $USDX?
"I have learned many things from him (George Soros), but perhaps the most significant is that its not whether you are right or wrong thats important, but how much money you make when youre right and how much you lose when youre wrong."
Stanley Druckenmiller
"The essential element is that the markets are ultimately based on human psychology, and by charting the markets youre merely converting human psychology into graphic representations. I believe that the human mind is more powerful than any computer in analyzing the implications of these price graphs."
Al Weiss
"Understand that learning the markets can take years. Immerse yourself in the world of trading and give up everything else."
Linda Bradford Raschke
It would be an excellent insight.
I did read on your current course leaflet that your advanced course in summer will cover this. That would be excellent
Money / Risk Management is a skill in itself and one that I want to become better at.
I know I speak for many
Millward, I thanked Murphy in the Intro to my book for inspirting me to write a more specialized book on InterMarket Analysis from currency stand point. My book does give you intermarkt tools on spotting upcoming recessions + recoveries.
Ashraf
Hi Ashraf,
I'm reading J Murphy book, Intermarket Technical Analysis of Strategies in the Currencies, Bond, Stock and Commodities markets.
Very similar to your book, indeed!..do you know of this book? do you recommend it?... any comments...Have noted, simple is best, and refering to one of your post recently about trading the pound down with less leverage and not being stop out, I don't think traders now how a trade like that ( 1000+p) can make a year or even set your frame of mind , for the rest of your carreer.
Maybe if you get the time you can post a chart , detailing buy order, leverage etc showing how this technique will keep you in the trade, obvouisly this style is for medium to long term traders.
Cheers