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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
Resurgent
Singapore, Singapore
Posts: 2
11 years ago
Mar 11, 2011 9:04
same here,waiting for more details.
fastpips
surrey, Canada
Posts: 69
11 years ago
Mar 10, 2011 18:28
Fee idea sounds good, waiting for more details.
Ashraf Laidi
London, UK
Posts: 0
11 years ago
Mar 10, 2011 18:20
STICKING w/ YESTERDAY's IMT CALLING for further gains in USDX as all the components of the index are down across the board. EURUSD stands on the 2-month trendline support of $1.38, around which swing traders could bid up the pair into 1.3830s. while euro bears could use the figure as the new focal point as USDX accumulates fresh gains into next week.

Both US jobless claims and US trade balance were dismal, so USDX needs decent retail sales tomorrow to save the day, but I would think is more is needed to destabilise recently improved USD-momentum considering the Ezone doubts. THESE IMTs will be available at a cost starting from next month as they will include charts & tradable ideas. Those who followed this mornnings IMT were told of the suggestions to exploit GBP upside for fresh shorts after UK manu data ahead of BoE.

The pair moved as planned, pushing towards $1.6195 before losing a 150 pips. China's 2nd trade deficit in 12 months served as an excuse to upset risk appetite despite the main reason for that being lower sales during the Chinese New Year holiday.

Ashraf
fastpips
surrey, Canada
Posts: 69
11 years ago
Mar 10, 2011 17:09
Thanks Ashraf for the quick fix of the site.
@DaveO like your posts and hope to see your charts soon likewise for subway90 and some other contributers. gl/gt all
Ganja
United States
Posts: 278
11 years ago
Mar 10, 2011 17:07
and Dave is big man!
Ganja
United States
Posts: 278
11 years ago
Mar 10, 2011 17:06
DaveO..each time I switch screens I have to log back in!!!..so couldn't under ignore so made a new one lol..

Big..won't be the first time Ashraf has put himself out in front of traders elsewhere..to receive criticism, good or bad..
he big boy not big Baby lol
bigBaby
Singapore
Posted Anonymously
11 years ago
Mar 10, 2011 17:01
Yes I think it is very nice of Ashraf to host something like this where there is something for everyone.

I hope that the folks here dont go unduly harsh on him when it takes a lot for him to put his credibility on the line and for everyone to see or worse still- judge.

I believe he doesnt post under a nickname, yet.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Mar 10, 2011 16:51
machetes ouch :-) I will preserve your true identity :-)
Ganja
United States
Posts: 278
11 years ago
Mar 10, 2011 16:10
Dave..good stuff...:) u betta start taping your conversations for us kids in the future...
btw..I think u know..my grandfather WAS the banker..Trinidad.....
oh well...he only had one wife...small island..woman had machetes :)
DaveO
UK
Posted Anonymously
11 years ago
Mar 10, 2011 15:54
bigBaby, There are many perfectly legitimate ways of trading. No one way can be said to be the right way or the wrong way. Success depends upon developing your own personal "edge" and applying strict MM disciplines. The market will always eek out any weakness in your system, you can be sure of that. I agree that charts do not predict but patterns repeat time and again and some traders like to capitalise in this way. I also feel that there is no way anyone can be on top of all the fundamentals which are dynamic 24/7. Perhaps the combination of both would be the ultimate ? Ashraf employs both which I feel is very sensible.

Klondike, it was my mother's father who was the race horse owner/trainer. My father was a lawyer and only gambled for some light fun. My Grandfather in question was thrown out onto the street when he was only 10. His mother could not afford to feed her children. In those days street urchins were rounded up and put into the workhouse. At age 16 he left the workhouse and became immediately self employed. At age 21 he had started his bookie biz and was a founder member of the British Horse Racing Association. That man had 3 wives unbeknown to my gradmother. He had 16 children in all and educated 8 of them in private schools. My mother's family were 6 children and he formally married my grandmother when he was age 55. She then left him after a turbulent life with him :-)

I think you are right about the blood flowing down the line. I started my first company when at Oxford doing engineering at age 19. I never looked back and have never worked for anyone else. Although grandpapa was a rogue I have great admiration for him because he had a teribble start in life but he made good. I never met him but he is recorded as having been a very tough but generous man.

I personally regard horse racing as a mug's game unless you happen to be the banker (the bookie). Market trading is the same in that we need to aspire to becoming the banker :-) banking is a numbers game.