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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
How are you man? it's me Walid from IFS abu dhabi do you remember me ? :)
how are the things there in UK? i heard that you moved to CMC london and i hope you doing well there.
I just want to hi to you and hope to see you again in UAE.
By the way, your website is very nice and useful.
Take care....
Walid
Ashraf
You have wright with the oil news
Thanks again
Regards
Hey Asad ,
The saga going on...i go long ( and i"m sorry if i let you down ) because something is very wrong with oil ( that"s was in my mind ) and because the situation becomes very serious to my account ( ok , i play to the wrong side , i lose a lot , but this is the game , i know the rules - cut this f...ing loose and that"s it ) ... was a hard , expensive and pretty painful lesson for me ...ok...Moe was wright : look on Bloomberg ( i hust type api in the search section and reed the first article ) the stockpiles of crude declined by 6.13 million barrels last week etc.
Right now i am long and i think i will keep it ...i do not know for how long...bur remember something , at least for me , the oil markets it is the most volatile market and 60-70 and maybe better is from speculators , biiiiiiiiiiiig speculators (GS , City , MS , BAC and the rest of the gang:)) , so ...you understand what i mean...in my opinion 70 and even 60 is a over valuation price for oil ...but this is it ... i don"t have the Andrew Hall"s skills and nerves...maybe you are wright wirh the short position...
Finally , if you wannt to ask me me some , do it
Force be with you
Hello Asad ,
Sooo.... was a very hard day to me....
What"s happened to me ( and this is for real , not just words , i can proof that ) : lake i said i was short and around 14.45 gmt , after the news from usa i had some profit , but one of my big enemy - the greedy - make me to do not close the position ... and then the price up and up...lake i said i play on crude brent oil , ICE "s quotes... and in 71.53 i opened a new short position ( lake you ) ...in that moment i made a mistake ( the theory say never build a red bigger position , but in my opinion sometimes , but ONLY SOMETIMES it"s works ) and then ... in 72.23 i made the fatal error to make another short position - better i cut my hand myself :) ... lake i said yesterday i am filling unsecure somehow with this short position and in 73.00 i succobed ...i close the short position with a biiiiig looooose...but now i am long...wait a sec , i will return in few minutes
you should long USD......good luck!
watch out for some weakness over the dollar excluding japan. emerging markets showing some strength pre-open. i would not like to be short dollar right now.
Hello Asad ,
Now i am prety tired and must go home to eat some and i"ll talk to you in 1 max. 1.5 hour , if you are there... if you are not .... keep in touch