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Posts by "asad"
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Posts by Anonymous "asad":
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Gold Keeps H&S Pattern الذهب يحافظ على نموذجه
كيف مفاجآة مؤشر البي أم آي أسرعت هبوط الذهب و أين تنتهي صلاحية نموذج الكتفين و الرأس؟
Strong PMI accelerated Gold's pullback & what's needed from NVIDIA, AMD & MU
Before Shorting قبل البيع
Be careful of the following factors in case you're already short Nasdaq100 or SPX500 or thinking about shorting.
View Hot-Chart..
Did you send Ashraf a mAssage? Ooooooohhh! What's going on on this Forum?? :p
Asad
Seems your emotions have gotten the better of you! As NZ pointed out...you had the opportunity to better your short average at 1130...but you still held on? Of the numerous attributes that a trader must have...the moooooooooooost virtuous is DISCIPLINE, my friend.
As of now, you hope it goes down...but when it does...you hold still fingers crossed?
Asad
Being a novice at forex...even I know that your overvaluation is a bit overstated... :)
Asad
It was nice to read about your (bearish) outlook in today's article. It's encouraging to know that at least SOMEONE agrees w/ my views. And God, WHAT a someone!
It's pretty discouraging at times when everyone is saying that oil is bullish...and me alone...like an idiot is talking about fundamentals. Even if I know I'm right...I start doubting myself (but inner side, I know what I'm talking about).
Thanks for the passive encouragement. :) Again, oil has a higher probability of 75 than 85...
Asad
You'll be surprised that demand/supply DOES and IS still playing a part. If not, then why is NG not following oil's direction?
Look, following the trend and making money is one thing...but understanding WHY this is happening is surely another ball game!
I've been saying over the weeks (even months!) that oil as an asset is priced incorrectly. At best, it should be around late 60s...in early 70s owing to weakness of the USD...& in NO WAY at the current levels!
Asad
"firstly buying is being funded buy an enormous carry trade against the USD."
Why is the buying taking place? And why would it CONTNUE to take place at 80/b? Think. :)
Asad
P.S. Anything not demand-driven must definitely be superfluous...
You were bound to get hammered...and I'm not surprised! A fellow member, Rajib, is in the same club as you. Suggested to him to short at 1140. Suggest the same that keep shorting gold at regular upward intervals...and average out your price.
As volatile as gold is, it's rise in the last one week is superfluous. Keep shorting and you'll get your reward (I mean break-even)...
Asad
Following on from the comments preceding my post, mid-Nov to December is historically a weak period for oil (fin close being the major factor). But it seems that that not many traders will be netting their position on the commodity this time (for obvious reasons). Add to this the approaching winter and oversupply of the commodity...and we have an interesting milieu! How do you read into these offsetting events?
Me...well, I believe that there's a higher probability of oil hitting 75 than 85. Trend play would be a good ploy here...but I still don't believe that oil will break-out from here (nothing to do w/ my innate pessimism on oil).
What do you think? And for the FIRST time I ask you *smiles* your OPINION on entering oil (long/short). Again, you're just a guidance - the decision will be mine!
Asad
P.S. Do I look confused...??
Muslims are the followers of a religion known as 'Islam'. And if this does you any good, yes, I am a Muslim. Beyond this, I will not get into any conversation because the last thing I would want is to get into a religious argument w/ a person who seems devoid of any manners, ethics or morals (yes, I can expect anything from you). I am mature enough not to let this ball rolling Qin. And no, Ashraf is no God...and I never proclaimed this either (but you certainly are the Devil).
Btw, what makes you think that I would ever visit your blog, knowing you the way I do?! Mate, I've got standards...
Asad
Exactly! That's what I thought. Trader, huh? Gunjack, there's a difference between a trader and 'investor'...as Ashraf aptly stated. Qin, by NO reasonable definition is a trader! He takes a position and sits on it for months (& even goes on holidays for weeks) - that's not trading. It's investing.
Advertising the blog was really REALLY cheeky Qin. :p How can you drink the water you piss in yourself...??
Asad