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by Ashraf Laidi
Posted: Jun 29, 2009 18:15
Comments: 71
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This thread was started in response to the Article:

Green Shoots Fatigue & Intermarket Setup

The much-anticipated dollar rebound will rather emerge on "Green Shoots" fatigue rathern misplaced views of a US economic recovery preceding the rest of the world.
 
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cougr
Australia
Posted Anonymously
15 years ago
Jun 30, 2009 21:53
Rob ,in response to your question on a reliable momentum indicator ,I don't believe that any indicator in and of itself can be used to provide reliable trading signals .Having said that ,most indicators can be very useful if you can observe how they interact with price action .Important information can be gleaned where divergences occur between the indicator and price itself. Then when price breaks a trendline and the indicator concurs with the price action you will usually get a chance to make some profit . If you don't know about divergences and the different types you can easily learn about these by googling.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 30, 2009 20:16
red, you mean JPY?

Ashraf
redstone
UK
Posts: 25
15 years ago
Jun 30, 2009 20:01
thanx Ashraf am holding all JRY and need the market to turn down have lost heavily over last 2 months
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jun 30, 2009 18:38
WIth NIKKEI RALLYING LAST NIGHT THERE'S ROOM FOR AT LEAST 1.5% LOSS IN WEDNESDAY TRADE SO MORE LOSSES FOR THESE NON-USD AND NON-JPY CURRENCIES.

cougr. fair enough. we shall see, Asian wont take this nicely

Francis, you really know how to ask for stuff and very demanding at it too. i see eurusd around 1.55 by year-end.

Rob, re the interview, we did speak about forex and the markets but cnbc.com seemed to be interested in only grabbing the Madoff bit. next cable target at 1.6380, 1.6270

Hamish, more equity losses in aisa = good for USD and JPY vs AUD, CAD, EUR, NZD, while usdjpy is TORN BY TWO FORCES 1. RISK AVERSION STRENGTH PORPPING USD AND SAME FORCE PROPPING JPY. as i said ... 97 resistance

Ashraf



Ashraf
hamish
vancouver, Canada
Posts: 26
15 years ago
Jun 30, 2009 18:16
Ashraf, there seem to be others a little confused re; USDJPY. SP range so far about 14 pts & it hasn't
budged! Do you have any insight what may or not happen in the Asia time zone?
Rob
New York, United States
Posts: 305
15 years ago
Jun 30, 2009 18:12
Just got you tweet on targets for USD/CAD, thanks! GBP/USD? Also, I'm open to anyone else's thoughts on reliable momentum indicators.
Rob
New York, United States
Posts: 305
15 years ago
Jun 30, 2009 18:07
Oh, and great interview this morning - though obviously everyone's time would have been better spent if you were asked to speak about the markets.
Rob
New York, United States
Posts: 305
15 years ago
Jun 30, 2009 18:06
Hi Ashraf,

Thanks again for the calls this morning - made out well! Would you agree, these again are good levels to get back in and go short GBP/USD and long USD/CAD - 1.6460 and 1.1600. They seem to have stabilized well, and going in to the Asian session...? Is there a specific (technical) momentum indicator you suggest in times like this? The above question assumes that stocks will stay rational and not rebound by the end of NY trade. Thanks a lot.
Francis
GuangZhou, China
Posted Anonymously
15 years ago
Jun 30, 2009 18:04
Thanks Ashraf, so how about the EUR/USD? from Jul until to Dec for this year long term.

You thought the price sector lies in how many general idea? Wants to listen to you to the

fundamental plane and the technical chart analysis.

Regards,
Francis
cougr
Australia
Posts: 101
15 years ago
Jun 30, 2009 16:10
End of month only a few hours away and GBP EUR AUD are all presently displaying spinning tops on their monthly charts .Doesn't augur too well for these currencies.
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