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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
 
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Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 14, 2009 21:27
chloethebull, I suggest you to pay attention on EUR/CAD......the pare may start make it new lower in coming weeks...... If you believe EUR/USD will break 1.40 or back to 1.40......you should hold the pare for days, otherwise, it is very dangerous to hold it without stop loss............

Good luck!!

I got short positions on USD/USD at 6.990 and 6.970 this morning, I didn't post it when I placed the order. Because I didn't sure that I was right or not.....but now it turn better.....

About tomorrow's report, I think it will be better than expected, but I am not sure that traders will use it for taking their profits or continue to short USD......but I decide to hold it until the report come out....
chloethebull
Canada
Posted Anonymously
15 years ago
Sep 14, 2009 20:58
i put a order in to get long usd .. oreder was hit but i don;t think usd is gonna be finishin higher than the open...bought @ 1.0836 seemed to be the low ...was hoping for a close araound 1.0850..or higher ..time will tell if i made a good trade lol gl
chloethebull
Canada
Posted Anonymously
15 years ago
Sep 14, 2009 18:41
nzvik...just wanted to say thanks for recommending..babypips.com..its just what i need to improve my t/a game...i;vs ofter heard others using certain tech terms when it came to the japanese candle stix an never knew what it was..but now with this tool im sure my trading will become much better..again thanks to ashrraf an all who take the time to help the lil guy.. its really appreciated ..all the best
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 11, 2009 13:42
Said, GBPCHF may push higher further if SNB shows concern on EURCHF declines hence i see it capped at 1.7450.

Canados, cable now could go to 1.6830s but im not a buyer.

Ashraf
canados
Italy
Posts: 3
15 years ago
Sep 11, 2009 8:05
ahsraf, with this message on twitter

3 hours ago: do not forget that sterling rally caused by BoE decision to NOT add extra QE and NOT to impose negtv rates. $GBPUSD

do you mean that this gbp up movement is close to the end?
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Sep 11, 2009 6:47
Chloe, have a a look at this forex school - i found it handy when i was starting out. Its free and written in simple language with a small test at the end of each lesson.
http://www.babypips.com/school/
said
mulhouse, France
Posts: 2822
15 years ago
Sep 11, 2009 5:19
good morning ashraf

again pls what is your sight on gbpchf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 11, 2009 5:15
Chloe, Asad's advice soudns pretty sensibe. Your question about how many pips u should go for is similar to asking ie "how much should i eat or what should i eat for dinner". As he said, it depends on your risk tolerance, on your outlook, strategy, and most of all margin requirment. While its important not to let your losses run, it is as important to NOT sit on your profits and let them unrealized. This is free money we should all pocket when we see it. I usually go for 30-40 pips and sometimes 100-160 pips. There's also pyramiding/scalding down or up as a trade develops along with a moving market and you accumulate incrementally while closing previous positions.

Said, sure thing. 72.40, then 73.20. Oil interestingly lags gold these days.

Ashraf
chloethebull
Canada
Posted Anonymously
15 years ago
Sep 11, 2009 3:43
yes i try to figure out the WHY...an i find it hard to beleive that the recession is over ..theres green shoots..all is fine...the usd is no longer #1 currancy...the world can afford 75-80buk oil..cad goin to paridy...all within 10mths or so...i agree eventually..but in 10mths or so..seams alil ambishish...thats why when i see pressure on usdcad i see it as a buying oppertunity in the short term cause ive seen it in the past 2mths go from 1.17 down to 1.0650 an it always snapps back but i do notice that the higher highs keep gettn lower so in a orderly fashion all those things might come true in time...also china hold 2 trillion in usd wheather or not they like it there tied to usd for a while..an couldn;t a strong cad undermind canadas own recovery?thanks for the chit chat pz
asad
London, UK
Posted Anonymously
15 years ago
Sep 11, 2009 3:43
Said,

I love China...and more so, Chinese females! ;)
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