USD

Right now is a good example of several mkts bucking Ashraf fundamental stance ! I wouldnt mind betting Ashraf in top 3 fundamental analysts for currencies. Do we expect to become even more proficient than Ashraf for ACTUAL trading of fundamentals on a low risk basis ? If the answer is no then you need to follow a good technical system for your every day trading.

yes daveO
at the ihedn and the authority of prudential control at the route de bale.

of course.

And Chloe, stop fretting over stocks topping out, trying to call the top. They will top when the market takes back control. I have been hearing well known gurus calling the top in US stocks for the last 9 months. These gurus should know better by now. Stocks are under control of GS and Fed team. Only a dramatic event will allow the mkt to grab control again.

Silver just made new 31 year high !!!!!

OK yes, my correlation chart has gold, crude, ES futures (same as SPX 24 hr) CADUSD (invert pair). If all are going the same direction up I am happy to buy crude or buy stocks or down to sell crude or sell stocks.

The thing about correlation charts is they dont all comply all of the time and recently crude has been the odd man out which would equate to Ashraf chart divergence. Nevertheless, even when one of the players in my little chart is being contrarian it is still very useful information for my decision making process. Right now all have been pointing up and of course that can change throughout the session. Overall if I look at this chart on daily timeframe crude has been very much the naughty boy, the odd man out since end of January. This chart has also helped me play gold long since 1345. Its now 1383.

Chloe, the advantage of forums is to be able to seek advice and share yer experience. Don't worry mate you will do fine, trading takes some time to become consistently profitable and you are still wading through all the crap out there. That's something that all traders have to go through first :-(

I repeat, ask Ignore to fw his system rules to you and start again there. Only take note of the fundamentals (your read) if they agree with your system. Your system takes priority at ALL times. Price action dictates, fundamental reads are fun but NOT to be relied upon. If price diverges from your fundamental bias which one to follow is gonna make you money ? or cut your losses tight ?