Posts by "fxhandler"

Thanks Ashraf, 60% sure.
This is why, if it goes to 50 dollar, I am looking for a short USD/NOK. I think 60 dollar will go fast....

Steven,
Norway has a way better future than UK, GBP will loose more steam against NOK in the future. But right now, mid-term, the NOK is such a small currency, risk aversion is working against it, so is oil. I would be carefull shorting GBP/NOK now.... Very long term I see GBP/NOK at around 9,2...

Ashraf, Qin,
VIX raised to 30%, people are scared now. NOK is weakening, oil dropping, stimulus packages running out and Dr. Dooms W bottom is in the news. I think dollar will have a short-lived rally but I am sure to pay attention to the DX and falling stocks through September October.However, the USD/NOK is so unpredictable now... Ashraf, I am following your predictions of USD/CAD, it give me some idea of the NOK. Mid-term, Where do you see oil Ashraf? Below 50?

I would like to short JPY/NOK. Qin, give me an idea of were you see a good entry for this pair? Not before next year? hmm.... for the future this pair can give an incredible gain in your portefolio (as you mentioned before).

Thanks Asad,

I have been bearish for awhile and I am still. No point to think that the track we are in now will be the same in the future. I fucked up my trades (lost all my cash) as a begineer last year, even though I was one of the people predicting the finance crisis (more of this in another letter).

Anyway, I have come down on earth now, thinking, we are not going ultimate bearish but there are allot of shit to come.....
the thing is, we are here to get some good ideas, from eachothers. ( I cannot trade anymore, cause it went totally to my brain, I am on sick-leave now too much went the wrong way, I didnt know what I was doing in the end....)

But I am here to learn from my mistakes. I did all the wrong things in the beginning. I ordered Ashraf book for 2 weeks ago, but still not here.

Anyway, I hope all here can learn from eachother and Ashraf. He is not 100%. But I think he is very close to 99%!!!!!

And that should be enugh.....
;-)

SPEC,

You are very extreme in your predictions, I think you should relax a little. Oil is going down more now, cause it have been a speculative commodity. It might go down to 40-50 dollar or so.
But your predictions is based upon that the whole world is gonna stop using oil next year......

This is rubbish! Come on...
I understand your beleif in future technology, but you need to know how many investors is in this commodity.

The reason why you and Qin is so big enemies is because you both are so extreme in your way of thinking.
The dollar is going down. Right! But the oil, also going down.... and then it will hopefully have a sustainable prize........ Forget about the electric cars... come, these things take time. An what about planes? What about heating? What aout big Bargo ships? or what about..... There are allot of things you should think more about before you go ultimately short on the oil.
Oil prizes now are too high compared to the economics, but.... come on... It will go down to maybe 40 dollar, still it is more than afordale to produce for most Oil companies.

The world will not go to helll, but almost. We will have a traders Market!!!! Fully! There will be lood shed. (Not mine, cause I already lost).
Good luck Spec

Qin,
Well I will wait to see where to correction is leading us. Then go in on CHF or YEN.
USD looks like its gonna rise now, oil will drop...
Saw the video, also the second part. I guess Marc Faber is not a fan of US Government and the FEDS...
Lol