Bottom line, the eur/usd returned to the underside of a corrective triangle which lasted from may to sept in the weekly chart, (cyclical price action) the only way was down (short) the $dxy of course completed the inverse at the same time, the only way was up, my view is, the pair are about to start wave 3 of 3 down,
These are longer term trades, lasting a number of weeks, Ive been short in eurusd since the 27/10 at 1.42164, and see no reason at this time to change the view,
I read today a review of Ashraf's book, the review stated it was a good book but did'nt tell you how to trade. If it did, which of course it can't it would'nt be any good to you anyway, as each trade has differences. If you want to play golf, you must practice, and practice alone will improve your game. if you want to learn to trade, practice is the way to learn. Study, study, study, trade trade trade, and in time, you might just become slightly good, just as you might become slightly good at golf after many games, but you will never improve your golf swing by reading books, nor will you learn to trade by reading books.
Above all, exercise patience when learning how to trade, even above risk management. It is better to miss a winning trade, than take a loosing one.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 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(10 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(10 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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 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(10 months ago)
Like reading Chinese well I never,
Bottom line, the eur/usd returned to the underside of a corrective triangle which lasted from may to sept in the weekly chart, (cyclical price action) the only way was down (short) the $dxy of course completed the inverse at the same time, the only way was up, my view is, the pair are about to start wave 3 of 3 down,
These are longer term trades, lasting a number of weeks, Ive been short in eurusd since the 27/10 at 1.42164, and see no reason at this time to change the view,
Hope this helps, good luck with your trading,
It is an emotive subject, if you read forums, such as Forex Peace army, no one seams to have a good word to say about any of them?
Could you or anyone, recommend a reliable FXcompany/broker to trade through?
Many thanks,
Above all, exercise patience when learning how to trade, even above risk management. It is better to miss a winning trade, than take a loosing one.