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Posts by "qin"
482 Posts Total by "qin":
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Posts by Anonymous "qin":
If you watch market carefully, you may see there is not so much movement on FX in US time.....maybe traders still on vacation.....
I think there will be another pull back in the market.......looking for chance to short USD/NOK again.....
I believe stock market has been peak out and made new high for this year......the selling off will not be so aggressive like last year......Let say, 10% drop, 5% up...it is very possible then heavily drop everyday, on my view.....if it happens as I expected, we won't see USD rally very powerful......making USD rally, need some kind of panic news.......if everyone knows there is a correction, it won't be panic new........
If you ask everyone in the market, they will say there will be correction this month, it is a very tricky thing.....if everyone believe so, usually it won't happen.......but still we need to be careful......
If you find a bubble, try to join with it, but be sure you know it is a bubble, when it bust, you always can get out more quickly then the people who don't know.......
But I know that to keep those OPEC countries' economy stay alive and stable, oil should stay above 60....otherwise their economy will get in trouble........
I am not expert on commodities, I don't trade on commodities so often, but I am learning on it.........
my position USD/NOK......it is in green now.......last night shanghai index was going up a lot........
I am not going to add more short positions today.......I may add more positions next week........I have to learn how to be patient............maybe I should go to beach today.......
I suspect that they will cut supply, at least announce it.......if the price below 60....
They are all good on bargain as they always did before...
To keep middle east oil reserve countries' economy alive and stable.....oil should stay above 60.....it is the break even for them........They will do something to achieve that......
One of thing is selling USD which they just did last week when EUR/USD reached to 1.4050.....I think they are big players and big enough to do it.......so if they keep doing it, the pare will not break 1.4 this year, and oil price will stay about 60 or 65.....
US don't have any choice on oil price now.....we have seen the price ignore inventory number for months.........
Ashraf, I am playing on USD/NOK now, because I bet EUR/USD won't break 1.4 this year, the reason I just mentioned above......I will consider to short GBP/USD or long EUR/NOK when EUR/USD break 1.4 and stay firmly blow that.......
FXHandler, who is Dr dooms?? Marc Faber?? I will post when I start to short Yen......but it will a few month ahead of us.......
Life needs battle......hope I will win it.
USD/YEN there is some potion position at 92......and EUR/YEN is at 131.......Japanese traders are talking about traders may will have a battle at these levels.........
I would like to watch it......hope Yen will win and trigger all the stop loss......
I am very careful this time.......I posted that we may see correction in the beginning of September by 50%.....here we are watching every day since this week.....but I also see USD rally is losing power on risk aversion......
I have to admit that I always entry the market too early....always......specially, when I done my homework, I just can't wait anymore......maybe I need more patient.......
I am using DBFX trading now......so I don't have the pare GBP/NOK.........but I maybe will consider about short GBP/USD to hedge my position if I am wrong this time........
Yen is rising as I expected before, mainly because of the election result.......I have to say Jim Rogers is a genius, even Japanese trader didn't expect it will rally so strong.......I think Yen will rally for a while as stock drop and election result......
But to be honesty, I am counting time to short Yen now.....I think I will do it early by next year, or once Jim Rogers says I have got out my Yen now.........haha.....I don't want to against those big players, he is not the only one long Yen......he has huge fans and players follow him everyday....
Good luck everyone!!
1. NOK will rise the interest rate by the end of this year or early by next year, because Noway still has inflation.....
2. Norway has gotten out of rescission, and it will have positive growth next year.
3. The trading balance or fiscal balance is all huge surplus...of course they didn't need do any QE, I guess they will never do...
4. The country is very peaceful, I don't think there will be any terror attacking in Norway.......
I deeply hope USD/NOK will back to 6.25 - 6.5.....I will play all in at that price..........
most of online brokers don't execute your orders, which means if you are making money, they are losing money...........
I doubt spec also work in CMC........maybe they just want you to lose money........be careful.......