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Posts by "houram"

61 Posts Total by "houram":
55 Posts by member
houram
(Vancouver, Canada)
6 Posts by Anonymous "houram":
houram
Vancouver, Canada
Posts: 55
15 years ago
Sep 6, 2009 8:08
Hey guys, please stop making comments like this. This is a very SERIOUS forum where we all may post our opinions on FX and not offending others and telling them how bad they are are doing. If someone is wrong then he will lose there is no need to pointing at him. So please keep it serious and just share your thoughts. And remember in this market we need both sides, the bears and the bulls. It wouldn't be a market if we had only one side, ha?
houram
Vancouver, Canada
Posts: 55
15 years ago
Sep 5, 2009 18:57
Yes I agree with spec. We have now a very solid economy now with ONLY 10% unemployment, a very small debt, mostly borrowed from the chinese, and may be the US will borrow even more to pay the interest, foreclosures are at record high but who cares about the small man, the cash for clunkers program was a great success why not extend it to the real estate? "Cash for your shelter" .... and the list goes on. Great .... isn't it?
houram
Vancouver, Canada
Posts: 55
15 years ago
Sep 4, 2009 4:58
FXHandler,
well 30 pips is actually quite good thinking if you get the direction 70% - 90% of the time right!!! I enter each position with higher amount and that increases my total winning.
Good luck
Houram
houram
Vancouver, Canada
Posts: 55
15 years ago
Sep 4, 2009 0:43
FXHandler
I am very cautious now with my FX trades and have decreased my stops from 50 pips to 30 pips for my swing trades. But I have increased my trade volume to compensate the fewer pips.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 30, 2009 6:53
Qin,
why are you saying that Ashrafs predictions are wrong? First of all nobody is 100%, 2nd he predicted the rally for the commodity currencies (AUD, NZD, NOK) against JPY and USD and also he predicted the equity rally starting March for at least 2 months. Alone on these currencies alone you would have made a fortune. Just take a look at the charts between March and July!!! 3rd if you want to trade, then you are looking at the short term i.e. minutes, hours or maximum a few days. What I do with Ashrafs comments and predictions is to get the main trend. There is no way that anyone can predict the when and how much 100% and if you name me one then he must be GOD!!!

spec, you will make good money on your cable short but I hope that you won't lose it with your USD later into Q4. Good luck
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 29, 2009 2:10
Hi Ashraf,
hope you are enjoying your holiday.
There is much talk that the opposition will win the Japan elections and that it will have positive effect on the Nikkei. What is your take on the Nikkei and JPY?
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 28, 2009 7:34
hey spec may be you should hear what Marc Faber says:http://www.youtube.com/watch?v=FFhWIUTF1IM
houram
Canada
Posted Anonymously
15 years ago
Aug 25, 2009 18:20
Good point Qin, Canadian banks are indeed healthier and have better regulations. How much do you invest in commodities (% of portfolio)? How about the emerging markets? I think we may have similar views of the market.
Talking about Jim Rogers yes he is now defensive but when the time comes he will short the market. Let's see what happens in September? I could imagine another $$$ injection for the stock market by Bernanke for the next wave of crisis.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 25, 2009 16:43
Hey Qin,
Long term may be, but too strong CAD is not good since most of the exports go to the US and will make us less competitive. But the Canadians are flexible and are multicultural and will find a way out of any crisis.
Qin what do you think of Ben being kept at the FED? Ben is cheered for his work to stop the economy from a free fall!!! Even my grandfather could have done that by pumping $$$$ into the market. Lets see how they want to reduce their budget deficit. Just like Mark Faber, Jim Rogers, Peter Schiff and many others I also think the worst is ahead of us.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 25, 2009 15:47
Qin
I think NOK will do better than CAD in the next 1 0r 2 years anyway, may be AUD will be a very good play too after the correction, which everyone is expecting to come. I had NOK short at 7.2 and closed them at 6.5 (too early). But will get back in again later.
Also good point about the transport of NG that you mentioned. Also keep in mind that NG is now being liquified to LNG and transported across the oceans and that industry is growing at a fast rate. India will have NG supply in the near future and that could drive up the price too.
Good luck with your trades.