EUR

Dave, Olivier

You simply cannot say Michael Hewson uses the same platform as I do because I use Bloomberg while he uses mainly CMC prices, which are known to differ from the cash (Reuters/Bloomberg) due the fact that they are based off futures. CMC's Weekly MAs maybe similar but NOT the Daily MAs.

I always use simple MAs


Dave, I got your email.


Ashraf

Do you have a link to the charts in question (PS I'm not a subscriber of Asraf's service so I can't access anything behind a password)

DaveO,
Rather than lacking data depth, I do wonder if the discrepancies between your weekly MAs and Asraf's are because:
1) one platform uses the few hours of sunday data and this creates a different weekly Closing price, enough to skew the MAs as it's a compounding difference, weeks after weeks
2) one platform is on a different timezone than the other or it takes its friday closing price at a different time (some do 9pm UK time, some do 10pm).
Either or Both of these could explain the differences.

@Ashraf,

Your monthly cyclical analysis very usefull perspective, this is what I like about your stuff. Apologies for my earlier comments when you first posted the link, I was assuming time cycles which would have been most inappropriate for the eurusd at this particular time. Yes assumptions a dangerous thing, you were justified getting arsy with me:-)

I have just looked at your 5th Sept update charts and I still have an issue with your weekly MA's. They are way off mine and mine always agree with your colleague Michael Hewson, expect you two are using the same software. Are you sure you have at least 4 yrs data loaded for your 200 and 100 WMA's, preferably more. Or for monthly charts a minimum of 16 yrs data.

Ok, I am seeing lots of very good stuff in the premium archives for the rest of you europhiles who are too tight to subscribe :-) The $90/month can typically be covered in less than 30 mins :-) or at the very least it might avoid some hangers. Trade calls do not remotely resemble what Ashraf used to do before the paid service was launched. Gone are the days of potentially huge drawdowns on bummers. I shan't call it scalping again but let's rename it DSK trading (wam, bang, thank mam for 60 to 120 pips)

Over and out mon broz.