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Rob
(New York, United States)
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Rob
New York, United States
Posts: 305
15 years ago
Jun 14, 2009 18:39
In Thread: Falling Equities Still Key for Dollar
If that was an ambiguous question - a better way to phrase it may be - are the Fed's treasury purchases already built into the dollars decline, because they simply spoke of it?
Rob
New York, United States
Posts: 305
15 years ago
Jun 12, 2009 0:56
In Thread: Falling Equities Still Key for Dollar
Hi Qin,

Thanks for giving me the heads up on that - I certainly won't be reading any Japanese blogs any time soon, or ever for that matter. I think I'm emotionally attached to GBP/JPY and EUR/JPY because I've done well with those pairs in the past, but AUD/JPY definitely makes sense (as do all yen crosses). Good luck to you too!
Rob
New York, United States
Posts: 305
15 years ago
Jun 11, 2009 20:33
In Thread: Falling Equities Still Key for Dollar
Hey Ashraf,

Great interview - in fleshing out more details of the markets. How do you feel about plays for the Asian session tonight? I'm sure the Nkkei will rise, given the fall yesterday and the gains in Europe and US today. Do you feel it would be good idea to go long GBP/JPY or EUR/JPY? They do seem to have a strong resistance at 162.00 and 138.00 though. Any thoughts are always appreciated. Thanks
Rob
New York, United States
Posts: 305
15 years ago
Jun 10, 2009 20:36
In Thread: Falling Equities Still Key for Dollar
Hey Hamish,

Not sure how new you are to Forex, but it can eat people alive - and make them richer than they imagined, without having to put up capital. I day trade when I have time, and fortunately don't have to rely on capital markets as I make money in the labor market.
The strength you are talking about in GBP, AUD, and EUR may be seen as bullish BUT those pairs slid so far and so fast that there just had to be an upward correction coming - I should have went long EUR/USD at about 1.3920 when I thought about it. Pairs can only dip so much before people come in as bottom-feeders or take profits. You should keep your eyes very close on equity markets and USD pairs. What I mean when I say this is that sometimes Forex pairs already calculate equity drops in (e.g.: pre-market), and then if the dow opens at say -100, USD selling begins if stocks pare any gains, despite still being in the red. Also, today, the downward move in stocks bottomed out around 120 in the dow I believe - I believe it wasn't until the dow crept back up from the bottom that people started selling the dollar again. It's all about timing. I understand your frustration though, I've gotten burned pretty badly this week as well. Let's keep our heads up and continue to help one another!!! BTW - Ashraf gave me this advice when I met him in person - Don't try to stick your head out if Forex - which I took as - don't try to be a hero and make a ton of money overnight, even though that's what we all want. Hope this helps, and maybe just sit back and watch a bit - maybe stay out a few rounds. Take care and good trading.
Rob
New York, United States
Posts: 305
15 years ago
Jun 10, 2009 17:03
In Thread: Yield Shoots, Dollar Leaves
Hi Ashraf,
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBDWCjYqMDug - here's the link to Goldman's comment, or just search "goldman euro" on Bloomberg.

I remember the chart from last week, but then I saw that you voted 1.35-1.37. What is your time frame for 1.47 on EUR/USD? Thanks
Rob
New York, United States
Posts: 305
15 years ago
Jun 10, 2009 14:43
In Thread: Yield Shoots, Dollar Leaves
Woops, forgot about your comments on the poll in EUR/USD, doesn't always show up on the home page
Rob
New York, United States
Posts: 305
15 years ago
Jun 10, 2009 14:31
In Thread: Yield Shoots, Dollar Leaves
Hi Ashraf,

I did NOT short the GBY/JPY, thanks a lot for your insight on that one. How do you feel about Goldman's recommendation yesterday to go long EUR/USD with a stop at 1.3720 and targeting 1.45? Thanks a lot.
Rob
New York, United States
Posts: 305
15 years ago
Jun 9, 2009 20:17
In Thread: Yield Shoots, Dollar Leaves
Hey Ashraf,

How do you feel about shorting GBP/JPY at these levels IF equities close in the red? Any expectations for the Asian markets? - looks like GBP/JPY might be topping out right now. Thanks
Rob
New York, United States
Posts: 305
15 years ago
Jun 8, 2009 23:12
In Thread: Yield Shoots, Dollar Leaves
Hey Ashraf,

I was quite surprised when I heard the news of people trading based on expectations of Fed raising rates - I feel it's preposterous as well - thanks for clarifying in the IMT.

Also, according to the workbook, that should be very close to the USD/JPY low, yes - which should be a good time for a long-term trade to going long USD/JPY, yes. Unless of course all faith in the USD is lost by then. Thanks
Rob
New York, United States
Posts: 305
15 years ago
Jun 4, 2009 19:25
In Thread: Yield Shoots, Dollar Leaves
Hey Ashraf,

Same question as speculator - what are your current thoughts on SDS? I saw you got in on EWV, any targets and timeframes on SDS would be appreciated as always. Thanks
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