Forum > View Topic
by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
1...250625072508250925102511251225132514251525162517251825192520...3077
Ignore
Florida, United States
Posted Anonymously
13 years ago
Nov 12, 2010 4:13
subwaves...u thinkin usd/chf capped 9800, then.
Ashraf Laidi
UK
Posted Anonymously
13 years ago
Nov 12, 2010 2:14
Kam, the reason Im not making a big deal out of the weekly dead cross in EURUSD (50 wma below 100wma) is that the 55 wma remains is ALREADY BELOW its 200-week MA, so I consider the move to be a thing of the past. Now, go back to that Jan 19 article and see that at the moment of the 55 DAY MA break below the 100 DAY MA in EURUSD, BOTH were ABOVE the 200-DAY MA , therefore, the price had MORE DOWNSIDE ahead . Same thing as the case for EURGBP today, whose 200-WEEK MA is BELOW BOTH 55 and 100 WMAs

I hope this was clear.

Ashraf
subway90
Korea Sout
Posted Anonymously
13 years ago
Nov 12, 2010 2:07
first long at 3600.... tp1 3800 tp2 3850..

will go long again at 3570/80(if it dips to that level..)
Kam
london, UK
Posts: 31
13 years ago
Nov 11, 2010 21:40
Ashraf, The EUR/USD 55 week MA is also below 100 Week MA, does this mean this is a death cross too?? Apologies i am not familiar with death crosses, just going by your IMT.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Nov 11, 2010 17:07
Yes it is very complicated. Ashraf seems to live and breathe the correlations night and day 24/7. I don't know when he sleeps but I can imagine it would be easy to lose the focus and the feel for all the interconnections. I do know one thing, the large majority of fundamental analysts are a complete waste of space and nothing but a pest to inexperienced would-be traders.

I understand that the algo geeks employed at GS are paid more than their traders. Teams of geeks is what their trading is all about so I can believe what you say.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 11, 2010 16:32
Ashraf is one of the very rare analysts employing some intermarket approach.
To foresee big moves and the conditions which must be met to trigger the move one has
no choice than intermarket analysis if it is somehow traditional trading with charts instead of
equations. This is in fact quite complicated after all Scholes and Black were awared Nobel
for their work on options price which is a system of differential equations solved into algebaric equations. Unfortunately though Goldman has a big bunch of the world's best mathematicians...
one of my friends now retired earned up to $1 mln a year at Goldman's market simulation dept.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Nov 11, 2010 16:21
I agree all markets are one market, they are all inter connected & correlated. I suspect Ashraf comes as close as we can to what you seek. Fundamentals aside, each market can be very successfully traded using only technicals but like evrything else the necessary skills are required. Combine the two approaches and you are far more likely to develop a consistenly winning methodology employing expert trade management. Quite frankly it would take me years to be able to trade fundamentals alone, quicker and easier to follow Ashraf and integrate his work with my own. This year I have learnt a lot about correlations which now play a part in my technical trading.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 11, 2010 15:43

DaveO
in UK and elsewhere where oceanic climate prevails it is difficult to predict tomorrow's weather from yesterday's weather.. so if one is aware there is no free market , markets are manipulated, then one should figure out what is the target of manipulation..the plan... and go with it. You see all those technical analysis rules EWA and such are based on a second axiom, that markets are independent of each other. That is also dead wrong. All this is past, 1930 DOW and such. One needs a multivariated approach today.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Nov 11, 2010 15:12
eurgbp daily timeframe. Bust through potential symmetry support today @8528. Next possible reaction level at 127.2% ext @ 8450 but Ashraf very bearish on this one so typical supports may not play.
redstone
bristol, UK
Posted Anonymously
13 years ago
Nov 11, 2010 13:52
136.96 an going down......
Report Reply
1...250625072508250925102511251225132514251525162517251825192520...3077