EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
This is why I no longer, or almost never, trade EUR/GBP.
I suppose that purely technical short-term moves may be an exception to this.
*[These numbers are in the annual reports for the International Bank of Settlements]
Fundamental Opinions getting in the way of Price Action: Yes, been there, done that, and it's sometimes not a pretty sight. Much more wary these days.
@Chloe: [February 1, 2011 17:33 GMT]: Yes, Ashraf can be a little cryptic sometimes. You have to try to fill in the gaps / read between the lines with your own knowledge, experience and research.
Thanks for the link.
Cheers,
M.
"eh montmorecy
what indigo meter?"
@Said:
I don't know why you say "indigo meter".
Catnip has referred to a strength meter several times, a currency strength meter obviously. I know there are several around, some free, some chargeable.
Anyway, I have now done some reading around the subject, and I see that it is used in a slightly more subtle way than I had imagined, and of course, in conjunction with other information.
Catnip didn't reply (or I didn't see his reply). Maybe he didn't see my question, or perhaps prefers not to talk about it. Fair enough.
I am glad I have missed the Fundamentals vs. Technicals arguments. I won't be joining them.
I would add though, that there is another factor, namely "Sentiment", which might be regarded as part of Fundamentals, not that it really matters what you call it, but it is important in trading I think. Ashraf is talking about this all the time, although he may not necessarily call it by that name every time.
I hope everyone had a good week, and has a good one next week.
I know of one free one (for MT4, not sure if there are versions for other S/W), but I am somewhat sceptical of the whole premise, to be honest.
I know that the principle is to buy strength and sell weakness, but this also seems to depend on the principle that the future will behave pretty much like the past. I suppose if you also add in fundamental reasons, it's ok, but I still have my doubts.
Good luck to all.
Hallelujah. Another comedy turn.