EUR

Ashraf, I wish I maintained my original short position but have carried forward about 1/3 and have been opportunistically adding and scalping around the core position. I do anticipate 1.28 and from a draconian outcome perspective (admittedly unlikely), I am holding out for parity with the USD. I suspect the same for the GBP but the recent rally in GBP/EUR has thrown off my timing but I have re-entered recently.


I very often agree with Ashraf's analysis and it always makes me think about factors I had not previously considered. We are truly fortunate to be able to learn from Ashraf.

EMP
alikoum salam


"the trend is your friend to an extreme". that is why i mainly use elliott wave counting but as far i can number the false signal on the fingers of my hand.
thanks for the explanations

Harry Truman used to get very frustrated when he had any sort of economic-policy meetings.

He'd say he was surrounded by experts who would always say, "on the one hand....but, on the other hand."

And finally, Truman said, "damned if I don't wish I had a one-handed economist!"

Well, Ashraf is that one-handed expert.

On the day several weeks ago that the EURUSD rose above 1.38, I noted that the panel of "experts" at fxstreet.com had this to say about the short-term direction of this pair: 1 was neutral...and the rest of the 10 were bullish. The Euro was definitely going up...and up.

And they were all wrong.

While Ashraf, with his one-hand, repeatedly and insistently, guided us all in the right direction.

This is not meant as some sort of sycophantic praise - it's just the truth.

Why else on earth do you think I even bother to read his commentary?

Because he's good. Very good.

guys what happened to the fomc release scheduled this afternoon? i heard nothing yet and nowhere to be documented