Forum

Posts by "houram"

View Member Profile
61 Posts Total by "houram":
55 Posts by member
houram
(Vancouver, Canada)
6 Posts by Anonymous "houram":
1234567
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 25, 2009 2:40
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
If you look at the relation between NG and oil you will see that they move parallel and the ratio of NG:OIL moves between 11 to 15. Now it is about 1:24 due to a huge NG inventory and many new NG resources that have added to the inventory. Either oil has to come down or NG has to go up and I think it is more likely that oil will come down since it is only based on speculation. BUT I will go long when it is time for it, the low was Sep 2001 at $1.85
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 23, 2009 8:13
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
This is interesting: http://news.bbc.co.uk/2/hi/business/8206992.stm
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 20, 2009 21:23
In Thread: Unsustainable Appetite in FX, Equities & Oil
Hi Ashraf,
What impact do you think tomorrows Bernanke announcement will have on the markets? Could we see another short jump in risk appetite?
Your opinion is very appreciated
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 20, 2009 14:12
In Thread: Unsustainable Appetite in FX, Equities & Oil
asad, good trading idea. I just wanted to add one strategy that has prevented me from losing too much in times like yesterday is that when the train leaves the station don't chase it, the next one will come again. If you miss an opportunity and the price is already on the move be careful!!! There are dozens of opportunities in 24 hours.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 19, 2009 21:59
In Thread: Unsustainable Appetite in FX, Equities & Oil
I agree shorting oil is very smart now but not throughout 2009. I see commodities rising in mid Q4
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 19, 2009 16:10
In Thread: Unsustainable Appetite in FX, Equities & Oil
I went short oil Oct contract at 72.45 with stop at 73.00 The overall sentiment is risk aversion and I think that will bring down oil to 68 with the help of strong $.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 16, 2009 6:35
In Thread: Speculators' Futures FX Positions
FXHandler, I remember attending a CMC Market seminar held by Ashraf in summer 2007 in Vancouver and he told us all that the US will have sub mortgage problems that will cause the financial crisis, Euro will go up against $ and.... Again in January 2008 at another seminar he said that when the $ hits 1.60 in the summer, it will head south again. He was also bullish on gold. I was lucky to attend those seminars and save my wealth that I had earned through hard working and not listening to my broker who was so blind.
Anyway, the future forex predictions .... I would listen to Ashraf and his book, the commodity currencies in the long term will win.
Good Luck
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 15, 2009 18:03
In Thread: When Will GOLD Hit $1,050?
as i said i believe the correlation between the two will end.
houram
Canada
Posted Anonymously
15 years ago
Aug 15, 2009 17:49
In Thread: When Will GOLD Hit $1,050?
speculator, the dollar may rally over the next months but it will be limited. also the correlation between the greenback and equities will reverse once there is no confidence in the dollar. the dollar is the world currency but its value is determined by the us economy, which is in bad shape. we have increasing jobless % of almost 10%, companies reducing their investments, people losing their houses .... and currencies look at the relative changes not the absolute changes.
once the next wave of bad news comes in you will see dollar heading south. it will not be the end of the world but i hope the fed will make the right decision.
houram
Vancouver, Canada
Posts: 55
15 years ago
Aug 15, 2009 17:06
In Thread: When Will GOLD Hit $1,050?
i don't agree with that. the fed has been injecting too much money into the system and the rally that we've seen since march was only because of excessive cash in the market. printing money will continue and the rates will remain low vis a vis inflation will become the issue and dollar will lose its value. i don't see any way out of it even if they start rising the rates .... it's already too late. i agree with marc faber when he said they should have let the companies fail instead of bailing them out. i have not invested and will never invest in us equities since the march rally, my bric has been doing much better since then.
Report Reply
1234567