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by Ashraf Laidi
Posted: May 24, 2012 9:46
Comments: 12
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This thread was started in response to the Article:

Charting Momentum in Latest Forex Cycles

The recurring cycles are underway in the currency market, translating into potentially major developments in the Intermarket space
 
boba
kyiv, Ukraine
Posts: 0
1 year ago
Aug 16, 2013 18:29
really good article!
thank you so much!
i want to ask you about one thing
what do you think about this app for beginners? https://play.google.com/store/apps/details?id=forex.pack
DaveO
N.Cornwall, UK
Posts: 5733
1 year ago
Jul 12, 2013 14:58
In reply to Qingyu's post
Forex is the wet dream of all wet dreams to IM'ers. I reckon 95% of cheapy EA vendors (as in MT4) don't know even the basics of trading. Beyond that its true to say that the vast trading educational and trading signal service industry is largely hosted by failed traders themselves.

Think about it, if you have developed and refined a profitable trading system over the many years it takes to do so--why would you want to get involved with jo public. Why would you want to become a service vendor. You can make as much money as you desire working quietly away on your lonesome without any aggravation or commitment to others.

There are a tiny handful of legitimate service providers where the owner has a genuine desire to educate and share with others. The remaining 99.9% are charlatans and skamsters with degrees in deception.

Here endeth the lesson.
Qingyu
manchester, UK
Posts: 1763
1 year ago
Jul 11, 2013 16:20
QQ number: 2723454743

this is a chinese guy, dont trust any chinese IT guy web marketing! :D
Sahid
fjord realm, France
Posts: 464
1 year ago
Jul 11, 2013 14:07
In reply to DaveO's post
dave
ask him if he can boost a mt4 platform till it breaks don
DaveO
N.Cornwall, UK
Posts: 5733
1 year ago
Jul 11, 2013 12:06
My name is David and I will be brief.

This forum is not provided for EA junkies wishing to waste their lives away. Its not for Internet Marketers and Skamsters.
Geoorggge
Vienna, Austria
Posts: 3
3 years ago
May 26, 2012 13:47
The proof not to use only the Manufacturing PMI as single leading indicator is: Feb 1st based on January data, UK Manufacturing PMI stood at 52.1, the German one at 51, both slightly expanding. As leading indicator for Q1 GDP this indicator was worthless !
UK Q1 GDP -0.3% QoQ and Germany +0.5% QoQ. For Germany the IFO "Business Expectations" (currently 100.9, slight expansion) or maybe the Markit Composite PMI (49.8, slight contraction) are both a lot better.

Geoorggge
Vienna, Austria
Posts: 3
3 years ago
May 26, 2012 13:15
I share the fundamental catalysts for further EUR/USD downside. except that QE3 is just a question of 6-12 months, given that even Kocherlakota emphasized that easing might come. http://reut.rs/JSjEcm)

As for indicators you stated in the previous post that ZEW is a worse indicator than PMI (with which I agree), but you did not say that IFO and ZEW are both worse, that's what you claim now.

IFO is in fact a mixture of PMI industrial(now at 45) and services (currently at 52).

The services PMI of 52 gives more insights on local German conditions and they are effectively expanding, see also latest strong construction figures! However since China and the rest of Europe is slowing, the German exporters, strongly reflected in the industrial PMI of 45, are slowing. By the way, given the latest US trade balance, the US exporters seem to be even more slowing!

As consequence, Markit has created the Composite PMI and this indicator better corresponds to IFO. It stands at 49.6. Link: http://www.MarkitEconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=9561
Sahid
fjord realm, France
Posts: 464
3 years ago
May 25, 2012 14:46
i havent read it yet but it smells like usually, the indices to uncorrelation market.

thanks ashraf
DaveO
N.Cornwall, UK
Posts: 5733
3 years ago
May 24, 2012 11:11
Nice article Ashraf, thanks.