Forum > View Topic (Article)
by Ashraf Laidi
Posted: Nov 15, 2010 4:25
Comments: 46
View Article
This thread was started in response to the Article:

EURGBP & Gold vs Aussie Signals

EURGBP is the preferred short euro play for now, whiile Gold in Aussie terms gives more clues on Gold's direction than Gold/USD
 
12345
said
France
Posted Anonymously
14 years ago
Feb 2, 2011 11:54
Nick. M
i give that but only because of ur sub asian connexiun
down trend to support 0.84
now go the museum for me.
Nick.S
London, UK
Posts: 1
14 years ago
Feb 2, 2011 9:37
Do you still see EURGBP hitting 0.8150 Ashraf? The current price seems to be where it started at but looking at the monthly & weekly chart it still seems to be following the downtrend.

Thanks

Nick
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Jan 7, 2011 17:25
Ashraf, what do you mean by "the pros", ordinary traders trading for a living or the "big money" ?

Seems to me you are losing most your old regular forum contributors. I wonder why.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 7, 2011 16:37
REVISITING these EURGBP charts

Neither the Monthly nor Weekly charts was tested. There is a reason why I post these.

The Inverted hammer in MONTHLY $GBPUSD was never breached as rebound was limited to 0.8620

The monthly chart in $EURGBP is ALREADY engulfing all of the Dec chart. 0.81 is realistic target #sterling #euro $UDN $GBB $UUP

Yes, i do recognize that you need to have 300-pip cushion, but nailing these long term moves is the way it is done by the pros; Chasing the major moves & breakouts with solid fundamental & technical reasons and sticking with it.

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 3, 2011 17:37
$EURGBP never dropped below 0.83 as was expected in this article. But there is a reason why I posted the monthly chart above. The validity of the October reversal remains for as long as no close above 0.8750-70 is seen.

I will use more detailed applicable examples and analysis on this pair on Jan 23

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Dec 16, 2010 21:26
magicfx,

AUDUSD see my IMT earlier today about AUDUSD H&S


Ashraf
heresh
duhok, Iraq
Posts: 5
14 years ago
Dec 16, 2010 20:55


magicfx
Singapore, Singapore
Posts: 1
14 years ago
Nov 30, 2010 2:30
How about AUD/USD? Is it still going down as per H&S formation?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 24, 2010 11:54
bebe, yes sir. You are corect. I meant to say when the shorter MA falls below the longer MA

Thanks

Ashraf
BebeAlgo
Florida, United States
Posts: 2
14 years ago
Nov 24, 2010 2:28

I think the sentence " When a moving average breaks below a shorter period moving average= death cross. But what i think you meant to say was the shorter moving average breaks below the longer period MA instead of shorter period MA below.


2. Death Cross on the Weekly Moving Average. The 55-WEEK MA (blue line) breaks below the 100-WEEK MA for the first time since December 2007. When a moving average falls below a shorter period moving average, it is referred to as a "death cross". A notable death cross occurs when the 55-MA (daily or weekly or month) falls below the 100-MA or the 200-MA. These patterns usually foretell sharp moves in key instruments such as EURGBP.
Report Reply
12345