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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1846
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This thread was started in response to the :

Ashraf's Book: Currency Trading and Intermarket Analysis

Ashraf's Book: Currency Trading and Intermarket Analysis
 
asad
London, UK
Posted Anonymously
15 years ago
Sep 16, 2009 13:18
Chloe,

I use weapons of mass destruction to short oil - derivatives (even our yet-to-be-born would come equipped w/ what these are! :p )!!

Gold...at 1016...is THEEEEEEEEEEE sexiest thing I would consider shorting (apart from Megan Fox, ofcourse ;) ) at this level. Do I know it will come down? Yeah. Would I do it? No. Why? Because I'm invested in oil and (variety of) stock indices at the monet. The last thing I would want to do is to trade...hedge it...and again counter-hedge it (we'd be back to square one, right? :S ). Besides, gold has been a bit TOO volatile for my appetite. I'm seeing 989 and 1007 in the same day for the past few days!

Ok, need to ask Ashraf s/thing. catch later... ;)
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 16, 2009 12:38
Jack, long NZDUSD, short USDCAD are some of the ways you could hedge your Aussie shorts

Aboud, USDJPY and USDCHF resist at 93.50 and 1.0470

Asad. goodluck

Ashraf
chloethebull
Posted Anonymously
15 years ago
Sep 16, 2009 12:22
lol...if i were playn oil ..u wouldn;t be making any $$....i nver seam to be on the right side of trades...when i waiting im missing out ..when i jump in it goes lower...tryn to read charts don;t work fr me an using comon sence don;t seam to be workin either...woulda been nice to wakeup an see usd pop back to 1.08..ohh well no use cryn gl to every1 today..asad would u short gold at these levels?also what do u use to short crude?thanks
radu
bucharest, Romania
Posts: 203
15 years ago
Sep 16, 2009 11:59


Hello Asad ,

I heard about Phibro...Andrew Hall ( in a old post ) ...scandal with bonus from City bank 100millions $- can you imagine that ? you realise how big was the jackpot ? - but how do you know that ? a " whisper " maybe ?
asad
London, UK
Posted Anonymously
15 years ago
Sep 16, 2009 11:54
Ashraf,

Besides oil, i'm short on Footsie (above 5100) and long on Nikkei (above 10,250). Do you find it cool? I thought hedge the weakness of the GBP against the expected strength of the Yen!

Do you find the combination exotic? Only time will tell... heheheh
asad
London, UK
Posted Anonymously
15 years ago
Sep 16, 2009 11:50
Chloe,

Yu could've earned a MILLION pounds playing tennis (short/long) b/w 70.50 and 70.90. Don't believe me? :p Do it...even now. I've been playing w/ it for HOURS!! heheh
chloethebull
Posted Anonymously
15 years ago
Sep 16, 2009 11:45
ashraf..can u give any direction on todays markets...with respect crude inventories an consumer prices...thanks
Abood26
Damascus, Syria
Posted Anonymously
15 years ago
Sep 16, 2009 11:06
hello Ashraf Kefak
Kindly please what do u think about USD/CHF and USD/JPY till friday and next week
please provide me with the support and res.
thanks
JackD
United States
Posted Anonymously
15 years ago
Sep 16, 2009 10:59
Dear Ashraf,

What would you suggest as a hedge for those who are short AUDUSD and AUDJPY?

Thanks,

Jack
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 16, 2009 9:50
Qin, Chloe, i apologise. that was a typo from my part. I meant to say hedging USDCAD longs can be done via going LONG NZDUSD (not short) and SHORT EURCAD.

Asad, FTSE is doing great this morning despite unemp rate hitting 5%, fresh 12 yr high. USD damage is getting quite fierce, but GBP remains the least desirable vs USD. Yen rally may get in the way of strength in stocks.

Ashraf