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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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This thread was started in response to the Article:

VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 26, 2009 15:16
smiler, try moving it down to 73.25.

Ashraf
Speculator
Posted Anonymously
15 years ago
Aug 26, 2009 15:15
ashraf, our collapsing pound 4cast is coming along nicely. we are now setting up for leg down to 1.58 and below for first week of september.
Gunjack
London, UK
Posts: 1184
15 years ago
Aug 26, 2009 15:06
Wow US homes data showing a massive increase....lets hope for Oil inventories to keep us going in WTI
smiler
Ireland
Posts: 15
15 years ago
Aug 26, 2009 14:56
Hi Ashraf, many thanks again for your wise words regarding Oil. Is it now time to move my Stop down from 75.20? What do you suggest, 72.80? Are we still looking good for $68 or should we take something off the table? BTW, I purchased the Book and Workbook, looking forward to getting stuck into them. Thanks again, Smiler
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 26, 2009 14:44
HI EVERYONE, just stopping by and saying hi. hope you're all enjoying the collapsing pound and skidding oil. It all started with thishttp://twitpic.com/d1r81

Ashraf
smiler
Ireland
Posts: 15
15 years ago
Aug 26, 2009 8:37
Asad, Many thanks for the advice. I really appreciate it. I asked yesterday what Technical Indicators people were using for Oil but I get the impression that people are simply following the Fundamentals. If it drops to 68 I would be happy to take a profit. Then it will be fun time and remember, no-one parties like the Irish!!! :-)
asad
London, UK
Posted Anonymously
15 years ago
Aug 26, 2009 1:43
Forum,

Oil Update: Japan crude imports down 12.7% (or 3.59 million bpd) in July...
asad
London, UK
Posted Anonymously
15 years ago
Aug 26, 2009 0:06
Radu, Moe & Smiler,

The way the market as collapsed from 75, it seems that the API data will be poor (excess). Bear in mind that it is rare that analysts forecasts are wrong. Ang the plunging of oil today may have absorbed these forecasts. In any case, needn't worry! We'll meet oil in its 60s in the coming weeks.

Radu, indeed...I'm setting a short position at every $2 now...and further, adding 1.5x to the previous short. Talk about algorithms.

Smiler, I got Ashraf's comments mixed up. :) Good that you're setting up short position w/ every decline. Suggest you remain short until 68...then long b/w 68 & 70 (quick money) because this is a range where oil would want to retaliate. Once you've made your money...start shorting and go party... ;)
radu
bucharest, Romania
Posts: 203
15 years ago
Aug 25, 2009 22:21



Hey Moe ,

Sorry , until now , i can"t find anything on www...if i see something i will post it ...
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 25, 2009 21:57
Hey Radu,

Couldn't get the API data, but seems to be crude bearish...
If you have any information, please let me know.
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