Forum > View Topic (Article)
This thread was started in response to the Article:
Unsustainable Appetite in FX, Equities & Oil
We're witnessing more signs of peaking appetite, this time inside the individual Forex pairs, as well as more failure in oil and Chinese stocks
The market is not for the nervous, but the disciplined! I feel the market's a bit nervous - even a bit confused. Just MAKE SURE you have your stops & limits in place...at all times. Discipline! I'm short...but even heavier than before - risk appetite differs - as I back my judgement (& now Ashraf's backing) of a first correction near 64!
Below 64, I'll trade more cautiously (but not nervously). Right now, the market is yours to take (caveat: discipline!)
Ashraf
I have shorted Gbp/Jpy at 154.16. Can you let me know if this was a good enough entry. Can you advise on where a better entry point would've been.
Many Thanks
Saeed
Is there a link for your CNBC appearance yesterday? I can't seem to locate it on their website.
Thanks,
Cappy
Ashraf
Hello Ashraf ,
Thanks a lot for your answer-and explanation with the first Fibonacci retracement...and we are waiting for your IMT.
Asad , i ask if you close your short because i was short too , but on brent , and i close the position too in 70.45 - friday - and now i am short again in 69.76 but with a smallest position lake previous - i do not really why , but i"m filling a little unsecure - so... i agree with you, we must be very carefully...
Regards
I thankyou everyday. May the grace of God be with you. Jazakallah Khairun (May God reward you in abundance)
It'll be pretty difficult breaking 60/b. If indeed it does...it could be heading to 55! We can expect OPEC to intervene as well. I agree w/ Ashraf on the first support level - 64 (we might even touch it by tomorrow). Again, breaking 60 seems a bit improbable. Something will give in around this level - supply disruption, Iran-ralated tension, US oil inventories or even hurricanes. In any case, we would not see ឬ.
Radu, I closed my previous position around 66.90s...and opened a new position at 66. It's positioned to close around $62...but I'm watching very carefully (I'll do this one manually *smiles*...looking at trading volumes at certain levels).
Await Ashraf's IMT...
Ashraf
Hello Asad ,
Are you short on oil ( texas crude oil - wti ) with scadence in september ?
You said you close the position in 66.80 ?
The King ( Ashraf ) said he seen a big support in 58 ...
So , do you close the position ?