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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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TG
Singapore
Posts: 112
15 years ago
Aug 20, 2009 2:36
Thanks Ashraf.

Yes, I have been following you on twitter as well.
asad
London, UK
Posted Anonymously
15 years ago
Aug 20, 2009 2:31
*Tomorrow: I meant Friday...because it's Thursday in London already!
asad
London, UK
Posted Anonymously
15 years ago
Aug 20, 2009 2:29
Radu, mate,

You may want to stay out momentarily. But when oil retreats, make sure you sell everything (not really!) and jump into it. You'll cover your previous days' losses...and much more. Let it settle. Tomorrow will be very crucial, in every sense!
asad
London, UK
Posted Anonymously
15 years ago
Aug 20, 2009 2:20
My GOD!! I can't believe oil just touched 74! This is a classic case of market irrationality where all technicals and fundamentals are thrown out of the window! What do THEY know that WE don't?! How can you trade in this market under such ridiculous trading conditions.

Speculation is good...but there is a v/ fine line b/w speculating and manipulating! Just because it's hurricane season doesn't mean you push the price to 75!!

In a way it's good. Hype it up to 76.5...and when the hurricane REALLY passes miiiiiiiiiiiiiilessss away, all us brothers can short it down to 55 and cover all the losses we EVER made. And THEN we can have a party w/ Ashraf at Nobu...
RagingBear
United States
Posted Anonymously
15 years ago
Aug 20, 2009 2:05
Just wanted to say thanks to Ashraf for tremendously valuable insights, sometimes contrarian but always enlightening.

How much of an impact on the recent oil runup do you see the start of the hurricane season in the Atlantic making? My hunch is that there's at least a small amount of correlation between worries about supply levels and the crazy price action in crude lately.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 20, 2009 1:39
TG, USDCAD TL support at 1.0940 still holding. i showed the 3 hr chart earlier on twitter. i recommend you get on twitter and follow my updates http://twitpic.com/ehk06

NZDUSD shows bearish divergence with slow stochatics

Ashraf
sajida
Connecticut, United States
Posts: 2
15 years ago
Aug 20, 2009 1:37
Ashraf , Although I have not traded for some time due to past loss and would like to trade soon. Remember you advised me if only I can save some money to risk. I had gone through rough times recently. This time I need to do it right and better. Need your advice on GBP/AUD and GPD/NZD.
The charts seem to show all time low for GBP against the two.
TG
Singapore
Posts: 112
15 years ago
Aug 20, 2009 0:49
Hi there Ashraf,

Thanks again for the continous directions, I do hope to catch this down move, as previoulsy my entry levels were weak and holding threshold low.

I suppose you will be favouring a USD/CAD long at this stage... althought I like a EUR/JPY short!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 20, 2009 0:36
Asad, i wasnt upset. Let's focus on the eventual dissipation of this oil folly

Ashraf
speculator
Posted Anonymously
15 years ago
Aug 20, 2009 0:18
i am tempted in giving up my day job and becoming a short term trader haha
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