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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1846
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This thread was started in response to the :

Ashraf's Book: Currency Trading and Intermarket Analysis

Ashraf's Book: Currency Trading and Intermarket Analysis
 
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Jan 28, 2013 18:12
In reply to DaveO's post
If one is subscribed to a newsfeed the next step for the advanced trader is a robot that reads the feed and combines all messages to derive a trade strategy.
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jan 28, 2013 15:49
Thanks Dave

HD,

Why dont you try it as part of the FREE 1 week trial and decide for yourself.


Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 18, 2013 12:49
In reply to HD's post
The MNI Bullets is an add-on Live News Stream feed. It is priced very competitively as compared to going direct to the marketnews.com or the deutsche boerce. It provides pretty much all news you need for trading including bond auction results. Very high quality feed.

So the answer to your question depends upon whether you are already satisfied with your existing news feeds. Hope this helps.
HD
Singapore, Singapore
Posts: 4
12 years ago
Jan 18, 2013 10:20
hi, i am looking to subscribe to AL's premium service but can't decide between the 2. Do they both give trade ideas? any help appreciated. tx
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 17, 2013 16:02
In reply to armintrade's post
Ashraf would need to answer your questions on his historical performance for the signal service and typical R/R and W/L

I don't think any such 1 week trial would be nearly long enough to make a reasonable assessment and I don't think the "signals" are for long term trades, not intentionally so. As I understand it typical forex targets would be c.80 to 140 pip TP's.

IMHO it's never a good idea just to blindly follow a signal service without taking the trouble to understand the analysis and education. This would breed laziness and an unhealthy reliance upon others to provide an automatic money printing machine for you. We all have to "take responsibility" for any trades we execute and the following trade management should always be discretionary, appropriate to price action and changing conditions.

Money management and risk control is also an individual responsibility so if there are 16 new trades signalled you would need to decide which you want to take to fit your own perspective on the analysis behind each trade and to remain within your own money management rules.

armintrade
tehran, Iran
Posts: 0
12 years ago
Jan 17, 2013 14:51
HI
I would like to know the profitability of the premium service just for signals not educational .
my questions are
1-Do a one week trial is enough to know the profitability of long-term signal ?
2-Is there any statistical study on the outcomes of signals ?
3-How many is ROR ?I mean R/R factor and win loss ratios.
thanks
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 15, 2013 18:21
I am decided to subscribe for your premium service, purely for your analysis. I once trialled for one week but you happened to be posted abroad and there were facets that irritated me :-) If the system gives me a free week trial again it is not me trying to fiddle the system. I don't expect another trial week. Just FYI.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Jan 15, 2013 18:15
In reply to Ashraf Laidi's post
"Last but not least, the Fed’s shift towards an implicit targeting of 6.5% unemployment rate leaves out the case for any tightening—especially as the rate currently stands at 7.8%. In fact, a decline of such magnitude in unemployment has historically taken at least two years".

Yeah, totally agree Ashraf. And I would bet that Bernanke is the skipper, in control of his band of warriors and who should say what and when.
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jan 15, 2013 17:56
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Jan 10, 2013 6:45
The MNI bullets are issued by Market News International's staff- here is a SAMPLE OF MNI's bullets below:


Jan 10, 1:32 EUROPE: The main features on Thursday's calendar are around lunchtime in London, when both the ECB and the Bank of England release their latest monetary policy decisions. However, there is a full calendar without the central banks. At 0700GMT, the UK government will unveil changes to the calculations of UK inflation measures. There is a string of French data from 0730GMT, starting at 0730GMT with the release of the French BOF Business survey. At 0745GMT, French November industrial output numbers and the December HICP data will cross the wires. At 0900GMT, German November machine orders numbers will be released. At the same time, German Chancellor Angela Merkel, German FinMiN Schaeuble, along with industry and business association heads, will attend a reception of German president, in Berlin. At 100GMT, Greek OcT unemployment numbers will be released, followed at 1100GMT with the release of Portuguese DeC bank borrowing from the ECB.

CABLE TECHS: Bears Look To Slip Below Jun 2012 Support Line RES 4: $1.6312 Upper daily Bollinger band RES 3: $1.6214 Former Apr 2011 Trendline RES 2: $1.6147/53 Former Support line from Nov 16, 21-DMA RES 1: $1.6060/63/67 100-DMA, 55-DMA, Low Dec 27 LATEST PRICE: $1.6009 SUP 1: $1.5991/93/95 50.0% of $1.6747-1.5235, Low Jan 10, Lower daily Bolli band SUP 2: $1.5954/59/61 Jun 2012 supp line, 76.4% of $1.5829 to $1.6381, 100-wk MA SUP 3: $1.5904 200-DMA SUP 4: $1.5829/36/60 Low 15 Nov, 200-week MA, 55-week MA

COMMENTARY: Cable continues to push lower following the failed test of the former Nov 16 support line. Initial resistance now seen at $1.6060/63/67, the 100-DMA, 55-DMA and Dec 27 low. Daily studies remain in a slight downtrend and initial support seen at $1.5991/93/95, the 50.0% of $1.6747-1.5235, Jan 10 low and lower daily Bollinger band. A break below here will bring bears to the Jun 2012 support line at $1.5954 alongside the 76.4% and 100-week MA at $1.5959/61. Jan 10, 1:03

NEWS: JAPAN NIKKEI 225 INDEX ENDS UP 0.70% AT 10652.64 Jan 10, 1:02

EURO-DOLLAR TECHS: Daily Studies Stretched As Bears Eye Jul 24 Supp Line RES 4: $1.3487/91 High Feb 2012, 50.0% of $1.4940 to $1.2043 RES 3: $1.3388 100-week MA RES 2: $1.3292/3308 Upper Bollinger Band, High Dec 19 RES 1: $1.3150/56/59 38.2% of $1.4940-1.2043, 23.6% of $1.2662-1.3308, 21-DMA LATEST PRICE: $1.3045 SUP 1: $1.3026 Lower daily Bollinger band SUP 2: $1.2985/87/94 50.0% $1.2662-1.3308, Jul 24 supp, 55-DMA SUP 3: $1.2909/38/39 61.8% of $1.2662 to $1.3308, 21-week MA, 100-DMA SUP 4: $1.2814 76.4% of $1.2662 to $1.3308

COMMENTARY: Euro-dollar moves lower again to test our initial support level, the daily Bollinger band base at $1.3026. Daily studies are bearish while weekly studies are flat. Further support seen around $1.2985/87/94, the 50.0% of $1.2662-1.3308, a Jul 24 support line and the 55-DMA. Bulls will try to test the former May 1 trendline as resistance, seen at $1.3078. A break above here will likely encourage bulls to challenge further resistance around $1.3150/56/59. Jan 10, 1:01

EUROSTOXX50 TECHS: Bulls Failing To Break Above Jan 7 High At 2714.2 RES 4: 2796.6/2807.9 High Jul 22 2011, 76.4% of 3077.2 to 1935.9 RES 3: 2774.2 Channel top from Nov 16 low RES 2: 2748.2 3.00% MA Envelope RES 1: 2714.2/2723.2 High Jan 7, Daily Bollinger top PREVIOUS CLOSE: 2706.4 SUP 1: 2653.9/2666.0 21-DMA, Channel lower from Nov 16 low SUP 2: 2567.2/70.7/84.6 Dec 10 low, 55-DMA, Lower daily Bollinger band SUP 3: 2540.6 100-day moving average SUP 4: 2520.5 Former Sep 14 support line

COMMENTARY: Eurostoxx still trades just below the Jan 7 high, initial resistance at 2714.2 alongside the daily Bollinger band top at 2723.2. Bulls are looking to break above here and challenge further resistance, seen at 2748.2, the 3.00% MA envelope. Daily studies remain flat and slow stochastic study is in overbought territory. Initial support seen at 2653.9/2666.0, the 21-DMA and Nov 16 Channel lower. Jan 10, 1:00

JAPAN STOCKS CLOSE: Japan's Nikkei 225 ended the session higher, again helped by the weaker yen. The Nikkei was higher by 74.07 points, or 0.7%, at 10652.64. Jan 10, 0:46

FOREX: The greenback is trading higher across the board in Asian trade Thursday, as the yen again weakens on fresh speculation of BOJ easing action at its next policy meeting. Dollar-yen rallied to a session high at Y88.22, as press commentary in Japan says the BOJ is set to ease. Offers at Y88.25/30 capped gains initially, but traders note solid upside pressure could soon help a spike higher as London trade gets underway. Euro-dollar was tied to a narrow $1.3040 to $1.30654 trading range, last at $1.3045, as the market largely marks time ahead of the ECB rate decision and Draghi press conference. Jan 10, 0:45

DATA REACT: BofA Merrill Lynch economist Lu Ting said following release of central bank data:" Robust system-wide credit growth lends support to our view that GDP growth could rebound to 7.8% yoy in 4Q12 and 8.3% in 1H13 from 7.4% in 3Q. We expect Beijing to sustain the current policy stance which could be featured as marginally pro-growth without big-bang stimulus in 1H13. Significant incremental easing is unlikely and we may see some unwinding of previous credit easing in 2H13 on concerns of economic overheating, rising inflation and insufficient regulations on shadow banking. It's even likely for Beijing to tighten credit supply on the margin in 2H13 to rein in investment boom of new local govt officials who tend to ramp up FAI after leadership transition. That's part of the reason why we expect a below-consensus GDP growth in 2H13 at 8.0%." Lu said they expect new loan of CNY9 trillion this year, up from CNY8.2 trillion in 2012, expecting no rate cuts or hikes but some chance for reserve requirement ratio (RRR) cuts depending on FX flows. Jan 10, 0:34

EUROPEAN STOCKS: Major European bourses are initially seen trading lower Monday. Spreadbetters Cantor Index are calling the FTSE down 8, the DAX down 8 and theCAC down 10.Jan 10, 0:32

GERMANY: The latest opinion polls show support for German Chancellor Merkel and her CDU/CSU party is currently at the highest level since becoming Chancellor in 2005, the FT reports. Jan 10, 0:25

UK PRESS: Another dark day for the UK's high street Wednesday, as photographic retailer Jessops collapsed into administration, the Telegraph notes.

For a TRIAL to the COMBO for both Premium Insights and MNI, please click herehttp://ashraflaidi.com/premium/subscribe


Ashraf