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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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This thread was started in response to the Article:

VIX, Oil, BRICS & Sterling's Sell-Appeal

BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
 
FXHandler
Norway
Posts: 195
15 years ago
Sep 1, 2009 1:52
I didnt want to kick you in the balls SPEC.

On the other way, Qin (jvla svenske).... lol
I think Qin is also to extreme in his predictions. Too much, and also too agressive against Ashraf.
Qin, you got the brain, use it! Ashraf have made this site for us, he don't need to.
He give his predictions and I wish he would hold my hand last year, cause I lost so much money!!! (Where were you Ashraf?)

Anyway, I am on different forums and I see that now it is a big fight between bulls an bears... It shows to me that the uncertainity is at a very high!

To all of you, give your respect to mr Ashraf, he is here for us..
(And also, Ashraf, give some slack, give us some pivot points and good trades..... come.... I know you want! ;-).....
FXHandler
Norway
Posts: 195
15 years ago
Sep 1, 2009 1:42
SPEC,

You are very extreme in your predictions, I think you should relax a little. Oil is going down more now, cause it have been a speculative commodity. It might go down to 40-50 dollar or so.
But your predictions is based upon that the whole world is gonna stop using oil next year......

This is rubbish! Come on...
I understand your beleif in future technology, but you need to know how many investors is in this commodity.

The reason why you and Qin is so big enemies is because you both are so extreme in your way of thinking.
The dollar is going down. Right! But the oil, also going down.... and then it will hopefully have a sustainable prize........ Forget about the electric cars... come, these things take time. An what about planes? What about heating? What aout big Bargo ships? or what about..... There are allot of things you should think more about before you go ultimately short on the oil.
Oil prizes now are too high compared to the economics, but.... come on... It will go down to maybe 40 dollar, still it is more than afordale to produce for most Oil companies.

The world will not go to helll, but almost. We will have a traders Market!!!! Fully! There will be lood shed. (Not mine, cause I already lost).
Good luck Spec
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 31, 2009 23:30
Smiler, I stay away from telling people where to get in and get out. Aside from the obvious legal reasons (though this site is not regulated i would not want to take advantage and give such exact advice), imagine what would happen if everyone asked me where to buy and sell? When I say 72.80-73 is tough resistance that is sufficiently clear.

Perhaps one day I will go down that road, but it surely won't be free for everyone.

Btw, Smiler, if you're in Dublin, I will be there in mid September to present for CMC Markets.

Hey Asad, you addressed people as "Boys & Girls". The very few girls (ladies) who were on here are no longer here. Maybe you should have more enthusiasm on Gold as you do on oil and perhaps we make this more even. unless of course, Im erroneously assuming all the members here are "boys"

And did I mentioned that Im still on vacation. The Holiday sign is still on...

Keep up the discussions (without accusations)

Ashraf
raulin
london, UK
Posts: 65
15 years ago
Aug 31, 2009 22:33
Smiler Your having a laugh.

"Hi Ashraf, many thanks again for your wise words regarding Oil. Is it now time to move my Stop down from 75.20? What do you suggest, 72.80? Are we still looking good for $68 or should we take something off the table? BTW, I purchased the Book and Workbook, looking forward to getting stuck into them. Thanks again, Smiler "
speculator
Posted Anonymously
15 years ago
Aug 31, 2009 21:15
i would trade oil as u can also make big money very easily and lose of course. but i would just focus on oil and nothing else unless a simple hedge like usdcad. i would use tight risk management and have intra day open positions.
smiler
Ireland
Posts: 15
15 years ago
Aug 31, 2009 21:01
Raulin, at no time have I ever believed or implied that this site is a signal service. I have developed my own trading system which serves me very well and generated good profits since you ask. Like many others I use the site to gauge the opinions of others, no more and no less. Smiler
raulin
london, UK
Posts: 65
15 years ago
Aug 31, 2009 20:39
Smiler
This is not a signal service if you don't have a trading technique of your own you should not trade.You will end up losing all of your gains and the last thing you should speculate on is oil.
speculator
Posted Anonymously
15 years ago
Aug 31, 2009 20:13
odd day today probably due to holidays. dollar was up nicely then gave up a lot of its gains. was it just because of the PMI data???
smiler
Ireland
Posts: 15
15 years ago
Aug 31, 2009 19:13
Well guys, those who forecast a fall to $70 had a great start to the week! Thanks Asraf, Asad & Gunjack for your insights over the past few days. In terms of the next move, should I let it it settle for a while before taking another Short position? I assume it will pull back prior to the next downward move. I also note that it bounced of the $69.30 support which a number of you have identified as key. Thanks again, smiler.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 31, 2009 19:12
Depending on what shadow one uses in crude oil, the trend line support stands at 69.80-70.. Next level comes up at 68.20.

Ashraf