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Posts by "qin"

482 Posts Total by "qin":
475 Posts by member
Qin
(Jonkoping, Sweden)
7 Posts by Anonymous "qin":
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 3, 2009 1:09
I agree that OPEC is cheating on numbers.....but 60 is the break even for most of them......
I suspect that they will cut supply, at least announce it.......if the price below 60....
They are all good on bargain as they always did before...
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 3, 2009 0:45
Hey, guys
To keep middle east oil reserve countries' economy alive and stable.....oil should stay above 60.....it is the break even for them........They will do something to achieve that......
One of thing is selling USD which they just did last week when EUR/USD reached to 1.4050.....I think they are big players and big enough to do it.......so if they keep doing it, the pare will not break 1.4 this year, and oil price will stay about 60 or 65.....
US don't have any choice on oil price now.....we have seen the price ignore inventory number for months.........

Ashraf, I am playing on USD/NOK now, because I bet EUR/USD won't break 1.4 this year, the reason I just mentioned above......I will consider to short GBP/USD or long EUR/NOK when EUR/USD break 1.4 and stay firmly blow that.......

FXHandler, who is Dr dooms?? Marc Faber?? I will post when I start to short Yen......but it will a few month ahead of us.......
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 2, 2009 23:46
Ashraf....thank you for the advice..... I will watch it very carefully.......I think I will add positions at every 10 to 15 cents gap, if the pare still keep rising...... I counted that I will have full size positions when it reach to 6.5....... my stop should at 7.2.........if I fail, I will be wiped out by all my profits this year........

Life needs battle......hope I will win it.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 2, 2009 23:40
Just checked some information about Yen....

USD/YEN there is some potion position at 92......and EUR/YEN is at 131.......Japanese traders are talking about traders may will have a battle at these levels.........

I would like to watch it......hope Yen will win and trigger all the stop loss......
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 2, 2009 23:30
Hey, guys.....
I am very careful this time.......I posted that we may see correction in the beginning of September by 50%.....here we are watching every day since this week.....but I also see USD rally is losing power on risk aversion......

I have to admit that I always entry the market too early....always......specially, when I done my homework, I just can't wait anymore......maybe I need more patient.......

I am using DBFX trading now......so I don't have the pare GBP/NOK.........but I maybe will consider about short GBP/USD to hedge my position if I am wrong this time........

Yen is rising as I expected before, mainly because of the election result.......I have to say Jim Rogers is a genius, even Japanese trader didn't expect it will rally so strong.......I think Yen will rally for a while as stock drop and election result......
But to be honesty, I am counting time to short Yen now.....I think I will do it early by next year, or once Jim Rogers says I have got out my Yen now.........haha.....I don't want to against those big players, he is not the only one long Yen......he has huge fans and players follow him everyday....

Good luck everyone!!

Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 2, 2009 22:08
Hey, everyone......I short NOK/USD again at 6.10, my position size is only about 1/3 now....but I will add more positions on it....just little by little........I am planning hold them into next year.....

1. NOK will rise the interest rate by the end of this year or early by next year, because Noway still has inflation.....
2. Norway has gotten out of rescission, and it will have positive growth next year.
3. The trading balance or fiscal balance is all huge surplus...of course they didn't need do any QE, I guess they will never do...
4. The country is very peaceful, I don't think there will be any terror attacking in Norway.......

I deeply hope USD/NOK will back to 6.25 - 6.5.....I will play all in at that price..........
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 30, 2009 12:02
hey, everyone....how many of you have a account in CMC and trade with CMC??? I doubt you are making money if you follow Ashraf or spec's idea to trade during the last few months......

most of online brokers don't execute your orders, which means if you are making money, they are losing money...........
I doubt spec also work in CMC........maybe they just want you to lose money........be careful.......
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 30, 2009 11:52
spec, don't recommend people to long USD, if you are not buying USD.......you should buy US bond first........
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 30, 2009 11:48
spec, why you are not just trading your money a little bit.....or just buy some US bonds as investment.....
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 30, 2009 11:26
I have said that no one is sure 100% on the market........and I just posted some of my own opinion compare his new prediction on dow idex.......
I pointed out his his prediction on EUR/USD and USD/CAD during the last few month which is kind of clueless for me........but everyone can still believe his predictions and trading on his recommendation.....