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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1846
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This thread was started in response to the :

Ashraf's Book: Currency Trading and Intermarket Analysis

Ashraf's Book: Currency Trading and Intermarket Analysis
 
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 30, 2009 12:02
hey, everyone....how many of you have a account in CMC and trade with CMC??? I doubt you are making money if you follow Ashraf or spec's idea to trade during the last few months......

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.......
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 30, 2009 11:52
spec, don't recommend people to long USD, if you are not buying USD.......you should buy US bond first........
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 30, 2009 11:48
spec, why you are not just trading your money a little bit.....or just buy some US bonds as investment.....
speculator
Posted Anonymously
15 years ago
Aug 30, 2009 11:40
the point is ashraf and a few of us feel we will have dollar strength for now so play with that! the dollar is oversold against a few currencies. secondly, as we COME OUT of recession, risk aversion may not be the deciding factor for currency movements rather will be monetary policy and growth. this is because there is a lot of cash on sidelines which will need to be internationally asset allocated and capital will move to the area where most growth can be expected. therefore if emerging markets start having issues, this can hugely benefit dollar.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 30, 2009 11:26
I have said that no one is sure 100% on the market........and I just posted some of my own opinion compare his new prediction on dow idex.......
I pointed out his his prediction on EUR/USD and USD/CAD during the last few month which is kind of clueless for me........but everyone can still believe his predictions and trading on his recommendation.....
raulin
london, UK
Posts: 65
15 years ago
Aug 30, 2009 9:12
Houram
Certainly Ashraf pinpointed the start of the equity rally in March but if you were betting on that you would have lost a lot of money in May as this prediction was based on 2 month cycles and this rally is certainly not over, it has been going on for 6 months.I agree that this site has helped a lot of people who were clueless about intermarket relationships. It always amazes me how technical traders ignore fundys and vice versa. Nobody can predict the point of major reversals so it best to do your own analysis and to expect the unexpected.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 30, 2009 6:53
Qin,
why are you saying that Ashrafs predictions are wrong? First of all nobody is 100%, 2nd he predicted the rally for the commodity currencies (AUD, NZD, NOK) against JPY and USD and also he predicted the equity rally starting March for at least 2 months. Alone on these currencies alone you would have made a fortune. Just take a look at the charts between March and July!!! 3rd if you want to trade, then you are looking at the short term i.e. minutes, hours or maximum a few days. What I do with Ashrafs comments and predictions is to get the main trend. There is no way that anyone can predict the when and how much 100% and if you name me one then he must be GOD!!!

spec, you will make good money on your cable short but I hope that you won't lose it with your USD later into Q4. Good luck
speculator
Posted Anonymously
15 years ago
Aug 30, 2009 2:36
we will probably finish off the year with USD index at 90 once the fed ceases QE and comes out of recession. The market will have no real to reason to rally and stocks will also fall sharply along with oil.
asad
London, UK
Posted Anonymously
15 years ago
Aug 30, 2009 1:37
Qin/Spec,
I am no currency guru, but my faulty analysis has to side w/ Spec - shorting USD is not a good idea anymore. dare I say that the currency is already oversold!

Let's also read more into the extension of Ben as the Fed Chair. I suspect there has been a bit of devaluation done on by the US, but this is it. A bit give & take and the USD is only going up from here.

& yeah, the market correction is on the cards. In fact e/thing is overdue now. A correction in equities, commodities & currencies. It's more a question of when rather than if...
speculator
Posted Anonymously
15 years ago
Aug 29, 2009 13:57
qin who said i am trading now? its a position to get in to when they reopen. i told you i dont even trade, so just watch the market and dont take my advice. you may as well go on holiday as you may be tempted to lose again by shorting the dollar again so best stay out this season!

if you have a look at your record you were wrong last year and right this year so you are hardly someone to listen to. currency forecasting is a 50% chance anyway.

watch the dollar rally hard when fed ends QE and that point stocks will plummet!