If that was an ambiguous question - a better way to phrase it may be - are the Fed's treasury purchases already built into the dollars decline, because they simply spoke of it?
Thanks for giving me the heads up on that - I certainly won't be reading any Japanese blogs any time soon, or ever for that matter. I think I'm emotionally attached to GBP/JPY and EUR/JPY because I've done well with those pairs in the past, but AUD/JPY definitely makes sense (as do all yen crosses). Good luck to you too!
Great interview - in fleshing out more details of the markets. How do you feel about plays for the Asian session tonight? I'm sure the Nkkei will rise, given the fall yesterday and the gains in Europe and US today. Do you feel it would be good idea to go long GBP/JPY or EUR/JPY? They do seem to have a strong resistance at 162.00 and 138.00 though. Any thoughts are always appreciated. Thanks
Not sure how new you are to Forex, but it can eat people alive - and make them richer than they imagined, without having to put up capital. I day trade when I have time, and fortunately don't have to rely on capital markets as I make money in the labor market. The strength you are talking about in GBP, AUD, and EUR may be seen as bullish BUT those pairs slid so far and so fast that there just had to be an upward correction coming - I should have went long EUR/USD at about 1.3920 when I thought about it. Pairs can only dip so much before people come in as bottom-feeders or take profits. You should keep your eyes very close on equity markets and USD pairs. What I mean when I say this is that sometimes Forex pairs already calculate equity drops in (e.g.: pre-market), and then if the dow opens at say -100, USD selling begins if stocks pare any gains, despite still being in the red. Also, today, the downward move in stocks bottomed out around 120 in the dow I believe - I believe it wasn't until the dow crept back up from the bottom that people started selling the dollar again. It's all about timing. I understand your frustration though, I've gotten burned pretty badly this week as well. Let's keep our heads up and continue to help one another!!! BTW - Ashraf gave me this advice when I met him in person - Don't try to stick your head out if Forex - which I took as - don't try to be a hero and make a ton of money overnight, even though that's what we all want. Hope this helps, and maybe just sit back and watch a bit - maybe stay out a few rounds. Take care and good trading.
I did NOT short the GBY/JPY, thanks a lot for your insight on that one. How do you feel about Goldman's recommendation yesterday to go long EUR/USD with a stop at 1.3720 and targeting 1.45? Thanks a lot.
How do you feel about shorting GBP/JPY at these levels IF equities close in the red? Any expectations for the Asian markets? - looks like GBP/JPY might be topping out right now. Thanks
I was quite surprised when I heard the news of people trading based on expectations of Fed raising rates - I feel it's preposterous as well - thanks for clarifying in the IMT.
Also, according to the workbook, that should be very close to the USD/JPY low, yes - which should be a good time for a long-term trade to going long USD/JPY, yes. Unless of course all faith in the USD is lost by then. Thanks
Same question as speculator - what are your current thoughts on SDS? I saw you got in on EWV, any targets and timeframes on SDS would be appreciated as always. Thanks
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Thanks for giving me the heads up on that - I certainly won't be reading any Japanese blogs any time soon, or ever for that matter. I think I'm emotionally attached to GBP/JPY and EUR/JPY because I've done well with those pairs in the past, but AUD/JPY definitely makes sense (as do all yen crosses). Good luck to you too!
Great interview - in fleshing out more details of the markets. How do you feel about plays for the Asian session tonight? I'm sure the Nkkei will rise, given the fall yesterday and the gains in Europe and US today. Do you feel it would be good idea to go long GBP/JPY or EUR/JPY? They do seem to have a strong resistance at 162.00 and 138.00 though. Any thoughts are always appreciated. Thanks
Not sure how new you are to Forex, but it can eat people alive - and make them richer than they imagined, without having to put up capital. I day trade when I have time, and fortunately don't have to rely on capital markets as I make money in the labor market.
The strength you are talking about in GBP, AUD, and EUR may be seen as bullish BUT those pairs slid so far and so fast that there just had to be an upward correction coming - I should have went long EUR/USD at about 1.3920 when I thought about it. Pairs can only dip so much before people come in as bottom-feeders or take profits. You should keep your eyes very close on equity markets and USD pairs. What I mean when I say this is that sometimes Forex pairs already calculate equity drops in (e.g.: pre-market), and then if the dow opens at say -100, USD selling begins if stocks pare any gains, despite still being in the red. Also, today, the downward move in stocks bottomed out around 120 in the dow I believe - I believe it wasn't until the dow crept back up from the bottom that people started selling the dollar again. It's all about timing. I understand your frustration though, I've gotten burned pretty badly this week as well. Let's keep our heads up and continue to help one another!!! BTW - Ashraf gave me this advice when I met him in person - Don't try to stick your head out if Forex - which I took as - don't try to be a hero and make a ton of money overnight, even though that's what we all want. Hope this helps, and maybe just sit back and watch a bit - maybe stay out a few rounds. Take care and good trading.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBDWCjYqMDug - here's the link to Goldman's comment, or just search "goldman euro" on Bloomberg.
I remember the chart from last week, but then I saw that you voted 1.35-1.37. What is your time frame for 1.47 on EUR/USD? Thanks
I did NOT short the GBY/JPY, thanks a lot for your insight on that one. How do you feel about Goldman's recommendation yesterday to go long EUR/USD with a stop at 1.3720 and targeting 1.45? Thanks a lot.
How do you feel about shorting GBP/JPY at these levels IF equities close in the red? Any expectations for the Asian markets? - looks like GBP/JPY might be topping out right now. Thanks
I was quite surprised when I heard the news of people trading based on expectations of Fed raising rates - I feel it's preposterous as well - thanks for clarifying in the IMT.
Also, according to the workbook, that should be very close to the USD/JPY low, yes - which should be a good time for a long-term trade to going long USD/JPY, yes. Unless of course all faith in the USD is lost by then. Thanks
Same question as speculator - what are your current thoughts on SDS? I saw you got in on EWV, any targets and timeframes on SDS would be appreciated as always. Thanks