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61 Posts Total by "houram":
55 Posts by member
houram
(Vancouver, Canada)
6 Posts by Anonymous "houram":
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houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 20, 2009 14:12
In Thread: Unsustainable Appetite in FX, Equities & Oil
asad, good trading idea. I just wanted to add one strategy that has prevented me from losing too much in times like yesterday is that when the train leaves the station don't chase it, the next one will come again. If you miss an opportunity and the price is already on the move be careful!!! There are dozens of opportunities in 24 hours.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 19, 2009 21:59
In Thread: Unsustainable Appetite in FX, Equities & Oil
I agree shorting oil is very smart now but not throughout 2009. I see commodities rising in mid Q4
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 19, 2009 16:10
In Thread: Unsustainable Appetite in FX, Equities & Oil
I went short oil Oct contract at 72.45 with stop at 73.00 The overall sentiment is risk aversion and I think that will bring down oil to 68 with the help of strong $.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 16, 2009 6:35
In Thread: Speculators' Futures FX Positions
FXHandler, I remember attending a CMC Market seminar held by Ashraf in summer 2007 in Vancouver and he told us all that the US will have sub mortgage problems that will cause the financial crisis, Euro will go up against $ and.... Again in January 2008 at another seminar he said that when the $ hits 1.60 in the summer, it will head south again. He was also bullish on gold. I was lucky to attend those seminars and save my wealth that I had earned through hard working and not listening to my broker who was so blind.
Anyway, the future forex predictions .... I would listen to Ashraf and his book, the commodity currencies in the long term will win.
Good Luck
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 15, 2009 18:03
In Thread: When Will GOLD Hit $1,050?
as i said i believe the correlation between the two will end.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 15, 2009 17:06
In Thread: When Will GOLD Hit $1,050?
i don't agree with that. the fed has been injecting too much money into the system and the rally that we've seen since march was only because of excessive cash in the market. printing money will continue and the rates will remain low vis a vis inflation will become the issue and dollar will lose its value. i don't see any way out of it even if they start rising the rates .... it's already too late. i agree with marc faber when he said they should have let the companies fail instead of bailing them out. i have not invested and will never invest in us equities since the march rally, my bric has been doing much better since then.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 14, 2009 14:32
In Thread: Speculators' Futures FX Positions
Jack Dee is right, I appreciate it too, thanks
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 12, 2009 17:55
In Thread: Speculators' Futures FX Positions
Hamish, may be this site can help you, I find it very useful: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 12, 2009 14:25
In Thread: Speculators' Futures FX Positions
hamish why would you short usdcad?
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 11, 2009 20:13
In Thread: Where will USDJPY close by end of August?
VOTE:93.00-95.00

I don't think markets will move that fast in August. I am sure we will see sub 87 before year end
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