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by Ashraf Laidi
Posted: Jun 10, 2009 18:17
Comments: 208
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This thread was started in response to the Article:

Falling Equities Still Key for Dollar

Intermarket analysis set-up still suggests that fresh equity selling remains the only source of support for the US currency.
 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 19, 2009 16:45
Steven, shorting USDJPY still pays off. i talked about shorting around 96.50-70s yesterday.

Ashraf
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 19, 2009 15:59
Anyone have success today? I'm marginally in the red and have decided to sit out for the rest of the session. Not going my way today.
TG
Singapore
Posts: 112
15 years ago
Jun 19, 2009 13:48
Excuse me Ho, I believe this is a free service, trade with discretion... Ashraf did indicate yesterdy that resistance is at 177.90, now it is up to you to trade accordingly. I took my loss and am waiting for the next opportunity... we win more than we lose thus far.
Ho
New York, United States
Posts: 26
15 years ago
Jun 19, 2009 13:04
Ashraf,

For GBP/CHF short, it I held on to my shorting becaus of big loss, what target to get out for short, pls advise. Much obliged. What stop loss to get out.
Ho
New York, United States
Posts: 26
15 years ago
Jun 19, 2009 12:57
Ashraf,

Tks for gbp/chf update. It is advisable for you to update your HOTtchart pair - GBP/CHF, to get out or hang in to keep shorting with what target for everyone. I know you refer quite a lot of pairs daily, but HOTtchart should be the one you need to concentrate to update instantly for everyone as not every one can afford to trade all your pairs recommend, especially with no stop loss specified by you. Tks again. Have a ncie weekend.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 19, 2009 12:27
Correction , Cable capped at 1.6520 not 1.6425.#

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 19, 2009 12:24
Ho, yes, the chart went straight into the red as SNB sold francs, lifting GBPCHF, EURCHF and other franc crosses. Im afraid the next resistance to be tested today may be 1.7930--the 50% retracement of the 2.0776-1.5079 move. Also see cable capped at 1.6425 for the day and FTSE-100 at 4,385.

Ashraf
Ho
New York, United States
Posts: 26
15 years ago
Jun 19, 2009 11:32
Ashraf,

Your hotchart GBP/CHF short keep going up above resistance - 1.7750, now 1.7856, what to do, pls update hotchart GBP/CHF, to get out, take BIG loss on short or BUY for bullishness. I am so confused. Help pls.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 19, 2009 7:50
there's no place for inappropriate language on this forum. take a look at simple chart between the dollar (USD, or any USD pair) and stocks and it will show you the clear relationship, which has largely prevailed for the past year. As for bond-stocks relationship, such a thing lasts no longer than 4 or 5 months.

Again, please refrain from the use of improper language.

Ashraf
Steven Blyth
London, UK
Posts: 148
15 years ago
Jun 19, 2009 7:29
Ashit. Good to keep this forum clean and gentile.
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