EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields - Details in video description.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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"Second, yes, when oil was heading towards 80, I, like ever, was calling it short...and even questioned (confused) Ashraf why oil was going up despite fundamentals being weak (& at least I firmly backed my analysis, unlike some who whore around w/ trends like a drunken monkey). I opened up a short position here (like many others on the Forum). Unsurprisingly, that proved to be as logical, as fruitful."
Asad did you actually read that before typing?? You backed your analysis??...Your more delusional than I thought. Your analysis of demand and supply...LOL...if you produced that rubbish in a real trading huddle you would be laughed out of the building. Also I liked how you so conveniently didn't mention the level you opened your short position...but it proved fruitful did it?? HAHAHAH....YOU were calling it short from 76 onwards, when it hit 81+ you would have been 500+pips down. You attack leverage so I presume you don't use it at all...So your extravagant winning claims are ringing hollow AGAIN!!!!
But hey I could be wrong and in that case Asad I suggest you send your CV sharpish over to Greg Coffey at Moore Capital as he always needs new traders for his macro fund...failing that Alan Howard over at Brevan Howard runs a great Macro fund...though word of warning they might not be too keen on running 500 pip losses on their trades. But I forget your an amazing gambler..oops I mean trader.
I take your point on the argument getting tiring; however, the fact that you choose to become personal AGAIN reflects upon your (im)maturity. Son, clam down. Staying calm is one of the virtuous traits of a trader...and you seem to be lacking.
Did you say you work or workED in the City. I can well understand why if it's the latter. Have a lovely w/end...
Asad
P.S. Carlco, my apologies! I consider the matter closed.
Asad
Man, I told you to start talking thereafter. What you're talking about is the past. Your dirty money's also a thing of the past (in which I, btw, have no interest). Ah, look who's gloating! You've REAL free time on your hands eh? :) Don't worry, you won't take long.
One..."gloating", "genius", "foresight" & "fortune" are your words...not mine. So own them. All I've ever shown are flashes of excitement...which, I'm certainly entitled to. But I innately remain a calm and 'landed' individual!
Second, yes, when oil was heading towards 80, I, like ever, was calling it short...and even questioned (confused) Ashraf why oil was going up despite fundamentals being weak (& at least I firmly backed my analysis, unlike some who whore around w/ trends like a drunken monkey). I opened up a short position here (like many others on the Forum). Unsurprisingly, that proved to be as logical, as fruitful.
And what makes you think that I double up on my loss? I defined my factoring yesterday (and the same I suggested a few others) - 1, 0.7, 0.4 when red & 1.3, 1.6, 1.9 when green (or whatever suits your margin or appetite). Do you get it or do I have to assist you like my 4-yo nephew? About closing out...well, if you didn't have funds to stay afloat...don't assume others can get shut out so easily! :) Or maybe they don't play w/ $1 in the bank and $100 in leverage? Hmm? Does this make you nostalgic?
About BNP, I was talking about their "oil prices have disconnected from physical reality (which, if carefully read into, translates to no demand/supply fundamentals being followed)". In these terms, I've been agreed w/ that oil HAS gone beyond real prices. That's that. And yes again...I still believe that oil price is majorly affected (not effected!) by demand/supply fundamentals (which also entail geopolitical events).
Now, you even had a chance to shut me out, but perhaps you were too obsessed w/ my finances to notice. Don't worry...i'll give you a piece of meat to lick! :)
I'd even written two months ago that oil prices will eventually fall to 50s in November (check again - you seem to be pretty free). Why I said it? Well, the largest oil inventories are at Cushings, US. They are still at a record. And even if you consider the world's oil supply at the moment, it's in surplus compared to sluggish demand. And believe me, if oil is in 70s, it's only because of its investment value (& the USD, ofcourse) - given the right fundamentals, it SHOULD fall down to that level.
Finally, your hahaha reflects a lot on your maturity. You said you worked in the City, right? Now go on & return after a couple of days w/ more 'research' on my posts. I await your analysis - anxiously!
Asad
P.S. I'm seeing that you're trying to have the last word...but bizzarely enough (for you), oil's at 75.80, so I can understand why, and WHERE, you're 'feeling' it. Right?
Markets seem to have become range bound ahead of friday's US jobs data
@Asad
We have not only broken but also settled above $80. Please see the charts. I agree with you that fair value of oil is lower but we are day traders and swing traders and not investors. At least for me, what matters is day to day trend and weekly trends and not long term fair value.