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Posts by "fxhandler"

201 Posts Total by "fxhandler":
187 Posts by member
FXHandler
(Norway)
14 Posts by Anonymous "fxhandler":
FXHandler
Norway
Posts: 195
15 years ago
Aug 16, 2009 4:09
Speculator......"when the dollar was in worst shape the us economy was in great shape". Please explain yourself.
How can you say something like this?

The US economy was bearish along time before it hit the rest of the world. And I was about to go LONG $ last summer. I wish I did. But most EU Experts (and stupid Norwegian brokers) predicted the dollar to fall even more..... Then the crisis hit the rest of the world. To some experts mind it should have hit us in January 2008, but if you look at the history ALL BIG crisis hit us in the Autumn. The dollar is gaining if the world is in crisis and it is gaining if the world is in deep shit. therefore, the dolar is very hard to trade........... Fuck the dollar! Hope it is going down soon. It should, printing more dollar... it must be bearish... Right?
But then againg, if you go through history, the dollar have survived allot of crisis. I would say... I am not even bearish or bullish long term on the dollar... STAY AWAY from $$$$$$!

Regards... confused me
FXHandler
Norway
Posts: 195
15 years ago
Aug 16, 2009 2:16
Ashraf, The King

I wished I knew about you before. It would have given me the opportunity to save my money in 2007(as I predicted, but I was stupid to listen to my "wannabe brokers")....
Anyway, from now on, I will listen to you and you will be my guidance through these times.
Sure man, it would be a blast to meet you guys! I am in it!

Anyway, I still don't see any clear predictions from your Forex-guys of the future..... Will it all go further downn or what? EUR/USD? Bearish sentiment? What do you guys think? 1930 again?

Answers really apreciated.

By the way, Laidi, YOU ARE STILL THE KING!

regards
FXHandler
Norway
Posts: 195
15 years ago
Aug 16, 2009 1:12
I really don't know where oil wil drop, I just think it will drop more....
But if it will drop to more than 30 dollar...down to 20-10$, that some expert predict... then the dollar will rise in the extreme and then it wil be the prophecy of the 1930.... All will go to hell!
Are you guys that bearish?

Geesus.. I might better go and find myself a cave.....

:p
FXHandler
Norway
Posts: 195
15 years ago
Aug 14, 2009 19:25
Thanks Ashraf, looks like JPY is going in that direction atleast, but hard to take bet with the NOK, it's extremly volatile and the spread is huge.
FXHandler
Norway
Posts: 195
15 years ago
Aug 14, 2009 15:06
Hi Ashraf

I see you predict GBP/YEN to 148.00. Last time it peaked to this level was 13 of July and several other Major currencies strenghtened agains minor ones that day (e.g. CHF and EUR). If YEN hits this level, how do you see CHF against NOK at that time?

Best Regards
FXHandler
Norway
Posts: 195
15 years ago
Aug 14, 2009 2:19
Here is an example of how bad it can be to put in Automatic stop-loss in to your trading system....

EUR/NOK pair dipping down to extreme values. Forex markets showing volatility yes, but this shows also that there are some systems out there "cheating". My guess, some brokers gather their Stop Loss from customers and "sell" it. This is an extreme example, dipping the EUR/NOK from 8,6452 to 2.4481 Intraday, then go straight up again..... WTF?

I have surely been dropped out many times on a STOP LOSS that I set in to my program.
Trading with "banana-currencies" like the NOK or SEK.... I think it is better to keep the STOP LOSS in the mind, don't set it in the program.
However.... this example is totally unacceptable for any trader.
Check it out.
http://bildr.no/view/468001
FXHandler
Norway
Posts: 195
15 years ago
Aug 14, 2009 0:51
Hi Ashraf

What are your expectations? Are you bullish or bearish on the market now? How are your forecasts, depression like the 1929-1933? Or are you optimistic about the stock market?
I see you predict 68 $ for the oil, it will affect the Norwegian Kroner. So is it a good time to go short with Major currencies like CHF or USD now?

Best Regards
FXHandler
Norway
Posts: 195
15 years ago
Jun 26, 2009 19:21
Hi Ashraf

The CHF/NOK made a perfect SHS formation between October and March, and dropped down to 5,6.
However, it went up again, consolidated between 5,9-5,7 untill May. In May "I should have stayed away". May/June is what I call the end of Bear-Market-rally. Now the consolidation has reached a higher level, bottoms are higher and tops are higher. This is why I expect another top (like the one we had last Monday before Swiss Bank intervention).
Whenever stocks and oil drop, the NOK drop too. No matter if Swiss Bank intervene, CHF is a safe heaven currency, and NOK is not....
Just wondering how high up we will go before Swiss Bank will intervene again.

Regards
FXHandler
Norway
Posts: 195
15 years ago
Jun 26, 2009 2:26
Hi Ashraf!

I am struggling with a short on CHFNOK. I was about to sell out, but unfortunately Swiss Bank started selling CHF before me the 24.th of June. So now I am stuck with this short. I shoud have seen it coming. The support line between EUR/CHF is 1.500 and Swiss Bank like to keep their CHF on the upside of this level.
However I am trading CHFNOK in a bear-market... not smart, I know.
The support level for this currency pair has kept on consolidated to a higher level. (I should have got out in May....)

Please, I need your help. How high will the CHFNOK go before it will drop down again?

PS. I lost allot of money on trading, listening to my "expert-brokers". To bad I didnt discover your excellence last year, before I stepped into this thriller.

Best Regards
Bjrn
FXHandler
Norway
Posted Anonymously
15 years ago
Jun 22, 2009 17:38
Yes, Ashraf. I see it now. It peaked at 6,56 today... and still going strong.
Too bad I didnt buy yesterday and exit the trade today. The dollar is so unpredictable, I should have stayed away....
Do you think it will go even further in the closest future?

Regards
FXHandler