Forum > View Topic (Analytic)
This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
This E/J chart looks very tempting to trade, like A/J and C/J chart, because they are at their resistance levels. My questions is; do you think that we can expect JPY to be heavy weight champ of the week, and what would be the events that could trigger it. And what would be the pairs the JPY would flex it muscle most on. In some respects I find charts to be good predictor of upcoming events.
It would be interesting to hear your take on Dubai and what can we expect in coming days. To me it seems like there was a huge earthquake (financial), but after the event we were told that nothing is damaged and nobody is hurt ??? If this is it, then somebody helped them by donating multicurrency printing press.
Thank You
b.
GTNew, thanks for that endorsement. though id like to appeal to sober-audiences because the volatility can be intoxicating.
AVG, Singapore event is on Dec 12 http://bit.ly/5QyRkh if you buy at 130.90 youll face resistance at 132 and GBPJPY capped at 145.50.
Ashraf
How are u.... Are u cmng to Singapore for a CMC seminar.... I wud like to meet u personally.... I bought ur book but haven't had time to read it yet....
Do u think we can buy EUR/JPY at 130.90 and GBP/JPY at 144.08 and close the position by taking a profit of 100 pips each.... Can u pls share some of ur thoughts on this.... I cud see a good buying oppurtunity given tht Risk appetide is back.....
Thks Ashf....
what do u see for the next month for (eur/jpy) ,,is good to buy from 127.xx -128.50 for long term (3monthes later) ..please help me ..
thanks alot
Ashraf
Ashraf's tweet for shorting EURCAD makes absolutely no sense at all. The chart showed strong support at 1.5775 and since Ashraf's tweet about selling it, shot up another 100+ pips. Never short at support and only short near resistance if and only if a clear rejection is demonstrated. Neither is the case here with EURCAD in the last 24 hours. Look at the 4 hour chart, there is not a single red candle. I am not saying the man is wrong, just that the call is premature at best!
I would encourage you to learn more on your own and develop the analytical skills. Just because the Man got the Yen calls correct this month, does not mean you should blindly follow every single word on his tweets/forum IMHO.
Good luck!
Considering the commodity currencies like NZD and AUD have sold off against the USD and JPY, I am a little confused about what I learned this week. Given that same logic of commdity bearishness, wouldn't this be time to bet on weakness of commodity currency and therefor go Long the EURCAD.
I read tweet that EURCAD is a sell for you. I realy like to learn the thought process too. You please comment, I appreciate it.
Thanks you,
Maria.
I have not tried tthe courses at this site FXCM... but I suggest you have a look at that first before doing any trades....take your time... I had to learn the hard way...and still learning...