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by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
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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.
 
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14raj
Kolkata, India
Posts: 210
15 years ago
Sep 17, 2009 1:13
Think one stoploss for all spectrum of traders are not quite normal proposal. Because stop loss for a trader who trades with $300 or for a trader who trades with 1 million is quite different all together. something like NatGas long at 2.7 without believing it that it can show 2.5, small traders would cut via stoploss but another trader might hold the position and could reap the benefit.Though its my opinion so cant be specific
rajib.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 17, 2009 0:57
ashraf....you should give people stop loss point too.......
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 17, 2009 0:49
raj, shorting euros at those levels is fine. 100 pts in USDX is about 200 pts in EURUSD

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 16, 2009 22:47
Ashraf,
just one question....if there is a 100 points movement in Dollar index then how much move will be there in EuroUSD?Hope I am not disturbing you.
Regards,
Rajib.
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 16, 2009 22:44
Ashraf,
I am holding my DOW short.And what do you think about natural gas?can i go for a short here around 3.7000?need your advice.And Ashraf, today also i add some EuroDollar short at 1.47 even i have another short at 1.4587.
Regards,
Rajib.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 16, 2009 17:52
Azza, oil is showing a very prominent Head & Shoulder with right shoulder (resistance) acting around 72.75-60, which means oilshorts consider placing stops above 72.50s.

raj, let's see if 9770 does hold.

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 16, 2009 17:42
Amazing ....DOW hit your mark of 9770,Ashraf. Though I am in loss because of holding Dow fut at 9620 but ....what can i say ... awesome.
regards,
rajib.
asad
London, UK
Posted Anonymously
15 years ago
Sep 14, 2009 9:41
Azza,

Oil is resisting around the 68.30 mark! Should have gone down further, but the incessant weakness of the dollar is making it attractive at the current price level. Going forward, oil should comes down now...NOT ONLY because there's no fundamental justification to the current price...but more so now due to the overdur correction in commodities and equities...

Caveat: Keep one eye on VIX!
Azza
London, UK
Posts: 6
15 years ago
Sep 14, 2009 9:11
Morning Ashraf,

Any opinions regarding oil on this lovely day ??!~ :)
radu
bucharest, Romania
Posts: 203
15 years ago
Sep 14, 2009 3:37


Asad ,
Indeed Asia is pretty crased and i"m ready to make a pretty big short today on EU indices
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