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17 Posts Total by "smiler":
15 Posts by member
smiler
(Ireland)
2 Posts by Anonymous "smiler":
 
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smiler
Ireland
Posts: 15
15 years ago
Oct 9, 2009 16:28
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
Hi Ashraf, just been watching the Webinar recording and you mentioned that you expect the S&P to drop to 980 to keep up with the shift in risk appetite. The VIX has moved back below the 100 day MA. Do you still hold the view that the S&P will decline?

I'd also like to add my congrats to Jack Dee for his idea. Count me in if you decide to run with the idea. Smiler
smiler
Ireland
Posts: 15
15 years ago
Sep 11, 2009 22:13
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Asad, i'm delighted for you, really delighted. You've been unambiguous about your thoughts re the fall in Oil and today is your day in the sun. Enjoy it! Here's hoping it will continue on the downward path. Smiler
smiler
Ireland
Posts: 15
15 years ago
Sep 2, 2009 17:34
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Asad, I know what you mean but i'm not as brave as you! I'll only trade on the Short side in the current market. I make my target and wait for the pullback which invariably comes before Shorting again. If we see $65, this smiler will definitely be smiling :-)
smiler
Ireland
Posts: 15
15 years ago
Sep 1, 2009 23:34
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Hi Asad, sorry for not posting earlier. Yes I had a good day today. I closed 2 profitable trades; I was short Cable and short Oil. I hope you made a Klondyke yourself, everything panned out exactly as you had said, and the FTSE was the icing on the cake for you! Well done and thanks again. Hopefully the $62 Oil materialises, i'll be watching.
smiler
Ireland
Posts: 15
15 years ago
Sep 1, 2009 8:31
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Asad, thanks for your advice. Painful experience has taught me to be a cautious trader and on the current market I would never buy Oil for a short term move. I believe that Oil will fall and will therefore only trade the downside. I am happy to let it move back up and when I see a turning point on the chart, I will Short it again. I had an OCO in place on Monday which took profits at 70.20. I wasnt worried about missing the last 100 pips of the move as its Utopian to think I will get in at the bottom and out at the top of any move. I use OCOs at all times as I believe that Capital Preservation is most important followed by making (and taking) profits.

Ashraf, I have booked a place at the CMC presentation in Dublin and am looking forward to hearing you. FX Handler, take care of yourself and I hope you get back trading soon.
smiler
Ireland
Posts: 15
15 years ago
Aug 31, 2009 21:01
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Raulin, at no time have I ever believed or implied that this site is a signal service. I have developed my own trading system which serves me very well and generated good profits since you ask. Like many others I use the site to gauge the opinions of others, no more and no less. Smiler
smiler
Ireland
Posts: 15
15 years ago
Aug 31, 2009 19:13
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Well guys, those who forecast a fall to $70 had a great start to the week! Thanks Asraf, Asad & Gunjack for your insights over the past few days. In terms of the next move, should I let it it settle for a while before taking another Short position? I assume it will pull back prior to the next downward move. I also note that it bounced of the $69.30 support which a number of you have identified as key. Thanks again, smiler.
smiler
Ireland
Posts: 15
15 years ago
Aug 28, 2009 10:01
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Oil has hit $73, is it still a correction? Thanks, Smiler.
smiler
Ireland
Posts: 15
15 years ago
Aug 27, 2009 19:10
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Gunjack, I was just about to post the same thing!! The other point I notice is that the price differential between US and UK Crude has been eroded. Should I read anything into this?
smiler
Ireland
Posts: 15
15 years ago
Aug 27, 2009 19:01
In Thread: VIX, Oil, BRICS & Sterling's Sell-Appeal
Will do Ashraf, thanks for the heads-up. I was planning on re-entering the trade based on the 1 Hr chart. If I don't get back in it's not the end of the world. There's always another opportunity out there.
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