Hi, Kathy and Boris

I have two questions:
1)Today BOE is scheduled to publish the interest rade decision at 7:00am
US EST, but when I got up at 6:00am EST, I found the decision had been
published around 4:30am EST, Is this kind of thing happens very often ?

I felt that I was cheated, but I am not sure if BOE always do things like this ?


2)After the BOE give the rate decision, GBP/USD dropped over 100 pips,
some words like "buy rumor, sell fact" may match this action.
My question is:
Is this just a temp action or will mean a trend change ? Where GBP/USD
move next ?


Thanks,

Feng

Hello Kathy & Boris,

Can you please tell me how to learn forex trading? I have read a lot of material on technical indicators and strategies..However my trades are not generally profitable and my dummy accounts end at loss.

I put in lot of discipline in the trades I make. Can you please tell me what should be a good strategy and can you please recommend me one?

I am a swing trader and try to place trade using 1 hr chart. I trade the USD based currency pairs..

Thanks & Regards,
-Rahul

Hi Kathy and Boris,

I read your commentaries everyday and enjoy them all. I also double check my own research with the "Key Technical Levels" you publish daily. Two questions:

1. When you determine those levels, what time frames do you use? e.g. daily, hourly, etc.

2. The 3 sets of levels - Classic Support and Resistence; Intra-day Pivot Points and Intra-day Probability Bands - what's the intended purpose of each? and what's the best way to use them together and/or individually?

Thanks a lot. Keep up the great work!

Cheers,

Mike

I have always been very fascinated by Tom De Mark's TD Sequential Indicator. From time and again I have found it to be very effective in predicting exhaustion points with pin point precision. Do Kathy and Boris also use this in their trading process ? I have heard that some top fund managers in London swear by it.


Now I just wanted to check it on the DOW especially since it has been making all the market noise these days. Well it wasnt a surprise when i tried TD Sequential on monthly and daily charts.

On the monthly we have already completed the golden 13 in April so we are merely on the reversal month though we are above the last month's close I wouldnt doubt that the end of the month would see us well below it. Confirmation that we are near comes from the daily which shows that we are fast approaching 13. (5/7) was the #11. So 2 more to go before we see the big plunge (.. or should it be ) for currency traders esp Cross and Dollar Bears. There is also a lot of fundamentals and economic reasons to believe that we are indeed near the top.

Once again though Kathy and Boris. Your daily analysis is absolutely superb and gives me a lot of market insight in my daily trading so a BIG THANK YOU FOLKS !

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Do you think, there are a closed relation between Dow index and the FX market?. On these days, i see that when the Dow increases, then USD decreases relatively with EUR; GBP; JPY.

Secondly, should you anwer all of these questions openly or personaly?

Thank alot.

When I read Non-Farm Payrolls for April: How Bad Can It Be? Written by Kathy & Richard before the announcement of NFP last week and then Non Farm Payrolls Confirm Dour Forecast written by Boris after that, I though we’re in a historical moment of EUR & GBP hikes. However, even after Sarkozy won the election, both currencies depreciated significantly.

Do you still think that USD is going to drop in the near future?

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Kathy and Boris Weekly Q&A Session

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Hello
i try to view the answers but no way to do that
can i download the answers ?
regards

Please click on the link that Kathy and Boris have provided and their answers will load in an internet browser.

DailyFX Forum

Dear Kathy and Boris,

Thank you for offering this feature. I was wondering whether or not this was new because I have yet to see you guys offer it. It was definitley helpful to see all the questions answered (and thank you Boris, your answers to my questions were very helpful).

Please keep this feature available, and I will post some questions next week.

Thanks again!

Kathy and Boris,

Greetings from Philippines! Everybody talk about "backtest", but nobody explain it. Would you give me the ABC of backtesting? (using charts and trading platform from FXCM)

usually, I test my setup in 400 period charts (daily, 4hours, 1hour...) and try to see what happened in previous periods. is it?

Thanks,

A.

pd. by the way, Boris, great book. Thanks for that. Now I know that I am fisherman...!

Hi,

Where could I find the answers?

Thanks

Is there a resoruce where I can access to learn the subject from begin!

Kathy and Boris,

First your books are wonderful and highly recommended to all traders. Your work in general is phenomenol and appreciated.

Question: I trade the daily and the hourly charts. When i see the slow stochastic compress on either chart, what does this mean. Where is the direction. How do I know the direction.This compression occurrs mainly on the hourlies, why. Question 2: where did you both come from, how long have you both been trading, To Kathy: how does someone so young achieve such knowledge and position. respectfully, btwomey

May I first compliment you on an excellent service in Strategy Analysis.

My Question is 2 fold.

A.Do you use a long term wave count with yr fundamental forecasts. And if so, could you please post a weekly count for Eurodollar, that fits with your fundamental views on it. This would really help me very much.

B.Back in Dec '04, when Eurodollar topped at 3665. The FED was embarking on a bout of raising rates. And economic expansion was eminent warranting measures to stifle inflation.

Today, 2 1/2 yrs later, and more than half of a 4 1/2 yr business cycle down the road. Sustaining higher rates is taking its toll on expansion, and becoming extremely questionable to say the least.

Could it not be that the market has already fully discounted the futility of further rate hikes on the current economic cycle. And that the FED knows this, and further knows that lower dollar costs are needed to fuel volume investments, necessary for an expansion in economic activity to re-assert at this stage of the market cycle?

Especially more so, as lower Dollar costs against the Euro in particular, would harness growth opportunities away from European markets (where growth seems to be currently headed), and back to the US markets.

Does it then not fundamentally follow, that to kick start growth, And retain investments in global markets. The FED is knowingly pointing the market towards 1.40 too, but from a position of strength?

__________________
Sincere Regards
Summerset
______________________________
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