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by Ashraf Laidi
Posted: Aug 14, 2009 10:23
Comments: 203
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This thread was started in response to the Hot-Chart:

USDJPY Cyclical Peaks

 
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FXHandler
Norway
Posts: 195
15 years ago
Sep 17, 2009 1:49
Thanks Ashraf, do where do you JPY/NOK in the next coming days? I already made good profit on this pair. Ready to short it again...
:-)

Qin, yes. I am doing quite good, more patiened now and making money. How are you? Haven't seen you much on msn or FB. Be carefull with the dollar. Oil hit hard up, stocks up and a rebound might occure again. But, I think you are correct with the dollar, the trend is still intact. Dollar is going 1 way------ Down, for now.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 17, 2009 0:36
handler,raj

im more comfortable selling USDJPY at higher levels. such as 92-93. but more eager to sell EURJPY around 133.60s.

said, weekly Dow chart still shows decent momentum. so 50% retracement is very viable.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 16, 2009 22:42
FX, how are you doing, recently?? I was so busy this week.....so I didn't watch the market so often....but my positions on short USD/NOK are doing very well.......waiting for pull back and short more on the pare....

Good luck!
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 16, 2009 22:40
FX,
for Yen i can say though it makes a low of 9012...i dont know mcuh about long term but yes in short a week or two may be 9240 and if taken out then 9500 is possible.I am long in USDYEN at 9028.
regards,
rajib
FXHandler
Norway
Posts: 195
15 years ago
Sep 16, 2009 21:36
USD/JPY cycle is still intact as Ashraf predict. Also set a lower low today 90.12, and rebounding, when will it drop through 90.000?
said
mulhouse, France
Posts: 2822
15 years ago
Sep 16, 2009 20:11
ashraf
as i see on cmc charts one year nad one month, i noticed that the fib retracement of 38 has reached passed and the dow has bounced back to 9398. the corresponding level in one months chart shoxws me a retracement of 38 pecent . we had a hundred percent retracement on the one months chart and that shows us a new trend if iam correct.
i think the market will hold to 9770 with a minina bounce back to the median line and the market according to fib rule is heading to the 50percent retracement ie 10300 points for us30.
as we had a deep corrective wave2 the fourth one will be flat.
tell me if i am a bit correct.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 16, 2009 0:21
said, yosano's calls against yen strength was an ceremonious and generic statement against excessive currency strength. we need more remarks and threat of intervention before we can judge otherwise.

Ashraf
said
mulhouse, France
Posts: 2822
15 years ago
Sep 15, 2009 20:01
ashraf
does yosana last call on saying yen move unacceptable show that this gvt is gonna follow the path of former gvt in letting the yen weakening and having market intervention?
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 15, 2009 18:47
thanks spec.

Ashraf
speculator
Posted Anonymously
15 years ago
Sep 15, 2009 18:38
ashaf nice calls!
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