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by Ashraf Laidi
Posted: Aug 13, 2009 16:38
Comments: 200
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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
 
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asad
London, UK
Posted Anonymously
15 years ago
Aug 18, 2009 23:59
Correcto Bear! :) Earlier today I questioned if this is a good shorting opportunity. Verily, the markey right now isn't one for the weak hearts. What do you say Radu mate?

Don't let me down Radu...don't let me down! We're in this profit/loss together. Don't know why Moe is advising to go long at 70. Goodness Moe!

What I'm doing is that - remember, already short at 66 - I'm shorting at 70...so my short average comes to 68ish. Worse comes to worse, I'll break even here. But NO friends!! I'm committed, determined...and driven.

Oil must...and WILL come down! Radu...DON'T let me down..
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 18, 2009 23:53
Consider the exchange traded fund DUG if you're betting on falling oil prices

Ashraf
RagingBear
United States
Posted Anonymously
15 years ago
Aug 18, 2009 23:29
Excellent oil shorting opportunity today IMHO - this is primarily a hurricane driven spike. But Bill is not even projected to get anywhere near the refineries in the Gulf of Mexico, so once the storm passes expect a steep drop.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 18, 2009 23:09
Steven, AUDUSD end of year probably just below parity. but above 0.97. If not year end then early Jan 2010

Ashraf
Steven Blyth
London, UK
Posts: 148
15 years ago
Aug 18, 2009 22:47
Correction: Stop at 15780.
Steven Blyth
London, UK
Posts: 148
15 years ago
Aug 18, 2009 22:46
Hi Ashraf,

I set an short to open on GBPJPY at the 60% retracement (15750) with a tight 30 pip stop (15750).
I exited my shorts yesterday about 10pips from the bottom and fought the urge to get involved again till now though i think the pros would have swing traded this.

Double checking on your AusUsd end of year target above parity? (10100)

Thanks for the quality tweets and guidance Ashraf. I'd say im about break even in my account and have closed in on some bad trades i made when i started the journey. Thanks to you.

Steven Blyth
radu
bucharest, Romania
Posts: 203
15 years ago
Aug 18, 2009 22:10


Thanks a lot Moe , thanks a lot ...
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 18, 2009 21:56
Radhu

I don't have a link but I got the news from a friend of mine who has a bloomberg live terminal.
Sorry.
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 18, 2009 21:53
Radhu

API data showed a drop in crude inventories by more than 6 Million Barrels.
If you can go long now by hedging part of your position till the DOE data comes out. I belive that oil will go over 71 by the time the European session is open.
radu
bucharest, Romania
Posts: 203
15 years ago
Aug 18, 2009 21:40
I think the news is not pretty good for me , if i look to the oil"s price
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