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548 Posts Total by "xaron":
528 Posts by member
Xaron
(Munich, Germany)
20 Posts by Anonymous "xaron":
 
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Xaron
Munich, Germany
Posts: 528
15 years ago
Aug 28, 2009 7:06
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
Qin, I tend to agree. Actually I don't see any signs why the Dollar should show strengths. Actually this reminds me to the british pound which was a leading world currency as well decades ago. Look where it's now. This is no overnight process but I think the Dollar will continue to devalue, actually the US has no other choice than to let it devalue because the only alternative to finance the debts (and to attract enough foreign capital) would be double digit interest rates. And that's a no go currently.

I continue to buy the dips in the Euro and Aussie.

Tak sa mycket! :)
Xaron
Munich, Germany
Posts: 528
15 years ago
Jul 28, 2009 10:11
In Thread: Gauging the Bounce in Appetite
I can remember better times. ;) Being short in the GBP/JPY was a bit tough the last days. Let's see if it pays off. :)
Xaron
Munich, Germany
Posts: 528
15 years ago
Jul 28, 2009 10:05
In Thread: Gauging the Bounce in Appetite
Personally I'd take GBP/JPY. But this one is a beast! *g* The Aussie is supported by coming possible rate hikes while the GBP might still see some QE. Combined with profit taking in the stock markets that should support the Yen, so GBP/JPY short is just the best choice in my opinion.
Xaron
Munich, Germany
Posts: 528
15 years ago
Jul 28, 2009 9:18
In Thread: Gauging the Bounce in Appetite
Right, thanks Ashraf! Do you still stick to your 155.80 target for the GBP/JPY? Looks like every dip is just bought but it doesn't manage to break through 157.50. Looks very explosive to me. ;)
Xaron
Munich, Germany
Posts: 528
15 years ago
Jul 28, 2009 7:59
In Thread: Gauging the Bounce in Appetite
Dear Ashraf,

I have to admit that I'm a bit confused. You targets seem to fluctuate widely. ;) From shorting the Aussie to 8145 to buying the Aussie with a target of 8340. Looks like a straddle to me, sorry if I don't get it yet.

I know, all markets are rather unpredictable but those "conflicts" between your intraday analysis and twitter are confusing.

Same is for GBP/JPY where you had an initial target of 152.50 a week ago. I know, again, the down trend(?) is intact. So do you still stick to your targets (155.80 lately)?

Thanks!
Xaron
Munich, Germany
Posts: 528
15 years ago
Jul 27, 2009 13:51
In Thread: Euro's Channel
The high was at 1.43386...
Xaron
Munich, Germany
Posts: 528
15 years ago
Jul 27, 2009 11:59
In Thread: NZDUSD Eyes Sub-0.63
As far as I remember he still sticks to his 1.3850 target till the end of July. At least that was the last I've heard. ;)
Xaron
Munich, Germany
Posts: 528
15 years ago
Jul 25, 2009 14:33
In Thread: Gauging the Bounce in Appetite
Hi all,

how do you see the current situation now as S&P500 and Dow have closed at new highs? Actually I expected at least some profit taking in the last hours. Everything fine again in lala-land?

Ashraf, do you stick to your current targets (1.3850 in the Euro, much stronger Yen and Dollar) till the end of July? I'm just curious...
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