Forum > View Topic (Article)
by Ashraf Laidi
Posted: Aug 22, 2009 3:37
Comments: 852
View Article
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.
 
pepe
london, UK
Posts: 15
12 years ago
Sep 9, 2009 11:58
Ashraf,

on AUD/USD did you open shorts at 0.86? If yes, do you put any stop loss? (like yesterday's high?)

Thanks
asad
London, UK
Posted Anonymously
12 years ago
Sep 9, 2009 11:06
Ashraf,

Good call, indeed. How many times do we agree on oil's direction? :)

I believe that the market is acting irrationally/erratically...but being a true investor at heart, I tend to look AT LEAST over weekly horizons instead of daily trading. I too believe that oil should be coming down back to 68s...and subsequently to 65 and so forth.

Thanks again & let's wait...
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Sep 9, 2009 5:31
Rob, the right shoulder on the reverse HS in weekly USDJPY quickly failed.

Asad, im paying more attention to oil price action than OPEC, and action is telling me to sell oil

Reiterating my negatrive position on AUDUSD and AUDJPY. Unexpected DECCLINE IN AUSSE RETAIL SALES and home loans http://www.bloomberg.com/apps/news?pid=20601068&sid=a4X1wK1oiAcU

Ashraf
asad
London, UK
Posted Anonymously
12 years ago
Sep 9, 2009 3:02
Forum,

With OPEC presumeably leaving output unchanged...and the API data showing a decline of 1.5 m barrels, what direction do you reckon oil would take?

Ashraf?
Rob
New York, United States
Posts: 305
12 years ago
Sep 9, 2009 2:35
Asad - you just got your "Cowboy Short" right when Shanghai opened up!
Rob
New York, United States
Posts: 305
12 years ago
Sep 9, 2009 1:04
FXHandler and cougr - thanks so much for the input.

Does anyone think a possible reverse head and shoulders may play out in the weekly SPY chart? Or do I just need to wash my hair? Ashraf, I know you don't see that as a possibility.
asad
London, UK
Posted Anonymously
12 years ago
Sep 9, 2009 0:27
Moe,

Is it a time to play Cowboy Short? ;)
Forexwolf
New Zealand
Posted Anonymously
12 years ago
Sep 8, 2009 22:55
Ashraf, with the mementum and fundamentals in USD selling; good news yesterday out of the UK, don't you honestly see further upside above 1.66 in GBP, and above 0.8650 in AUD. The world is getting rid of their USD - the UN asked for an alternative - Gold is possing 1000. Oil again above 71. It is only USD strength that can bring AUDUSD down to 0.81 again.
cougr
Australia
Posts: 101
12 years ago
Sep 8, 2009 22:12
Here's that chart I was referring to in my post below. Support-resistance in red and not green.
cougr
Australia
Posts: 101
12 years ago
Sep 8, 2009 22:10
Hi Rob, potentially there are many patterns that could develop from the above situation. At this stage it might be best to keep an eye on the support-resistance levels shown in green.