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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
 
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Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 22, 2009 23:29
Hey, FX
I didn't see you online anymore...haha......having good time with your special one?

I am considering about the thing you suggested me before.......I am going to see someone tomorrow...haha......hope it will be fine.........

Good luck!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 22, 2009 23:18
chloethebull,
I am only short USD/NOK now........so I don't cover my short position and add more when USD rally back........

How is your trading?? still hold your long position on USD/CAD??
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 22, 2009 23:14
no......I add more short positions......I hold them into next year.......haha.......
chloethebull
Posted Anonymously
15 years ago
Sep 22, 2009 23:12
qin do u cover ur shorts before usd goes back up or are u acumilating a big position?im confused when u say ur adding to ur positin which makes me think u don;t cover just keep adding..thanks
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 22, 2009 22:59
TB, I think USD will keep downside until next year, at least before next summer.....

my EUR/USD target is 1.55 to 1.60 before the next summer.........on my view, the people who are talking about USD reach to the bottom and will start rally from now may waste their money and time.......

By the way......I really hope USD will rally back once again..........I want to add more shorts on it......haha.......

Good luck!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 22, 2009 22:48
TB,
If you check my comments for last 4 or 5 months, you may find out I never long USD since March and never recommend anyone to do that......

I posted that EUR/USD may go back 1.450, because I always want to short USD when it rally......

I don't know how the traders will react to FOMC statement, but I am not really paying attention on it.......if USD rally tomorrow, I will short it back to downside again........hahah........

Good luck!!
TB
Gold Coast, Australia
Posts: 7
15 years ago
Sep 22, 2009 22:01
Qin
glad i didn't short EUR/USD to 1.450! i placed multiple longs on the way down and collected all the way back up! It was a beautiful day! Fundamentals did not back it to 1.450 and some positive comments from ECB early and with China chatting about wanting all the IMF gold, this just confirmed my thoughts and more longs taken and profits made! Great day! Lets see what the FOMC have to say tomorrow.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 22, 2009 18:30
Hey, FX
Thanks for the information about Norway......I am thinking about visiting Norway again next year......
Let watch the comments about interest rate from Norges Bank.
By the way, I think Norway mainly export natural resources to the rest of world, so even the currency goes strong, it won't affect to the export so much....I mean oil and natural gas are always being counted by USD, right?

I am waiting for the big present from Norges Bank....haha......maybe I will receive it in Christmas or New Year........let pray they will send it to me.......
chloethebull
Canada
Posted Anonymously
15 years ago
Sep 22, 2009 18:15
hey ashraf i was wondering what your take on tomor meeting..pos -neg usdcad ..thanks again
FXHandler
Norway
Posts: 195
15 years ago
Sep 22, 2009 17:20
Hi Qin. Yes, thank you, I had a nice trip.
Norways interest meeting is tomorrow, the rate will stay unchanged. But it is a big possibility that they will raise it in October, by 0.25%. The Industry is going much better than expected here and housing prizes are increasing. The CentralBank is scared of making a housing bubble.... but at the same time they don't want to make the export industry struggle with a strong NOK.
We will see.
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