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by Ashraf Laidi
Posted: Oct 22, 2009 18:16
Comments: 54
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This thread was started in response to the Article:

Parameters in Equities, Oil

The 100-week moving averages in the S&P500 and US crude oil will act as the next resistance for risk appetite and USD-selling.
 
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Nov 4, 2009 13:05
Raj, Asad thks will consider that. Xaron, it is one thing to say your opinion, but it's quite another to keep one's posts with sarcasm and negative comments.

watch for ADP if it breaks below 200K

Ashraf
rajesh68
Singapore
Posts: 60
12 years ago
Nov 4, 2009 12:31
I have reading these interactions regularly and with lots of interest. I have found Ashraf's IMT and twitters to be an excellent input in determining the likely movement of a currency. And many thanks to Ashraf for this. I am using the word 'likely' because I trade basis technical setup and inputs on direction have helped me in shortlisting the one pair on which to trade.

In my view, besides direction, entry and exit points also play a key role in profitability of a trade. Besides this, one key parameter has been stop loss. I have found that in some trades where i have not put a stop loss, the trade have gone in the direction as suggested by Ashraf after going in negative. A careful selection of stop loss is, in my opinion, very important parameter in making a trade successful.

May I request Ashraf to start a new thread, where members can discuss entry, exit, stop losses and direction of their trades. I have started doing this with 2-3 of my friends and believe me, it is very effective in course correction of ones trade midway, as each person has a different ways of looking at charts, entry & exit points and different risk appetite.

Thnx

Rajesh
Xaron
Munich, Germany
Posts: 528
12 years ago
Nov 4, 2009 12:30
Thanks for the welcome, asad. Actually a lot of useful information just take a dive between a lot of nonsense... ;)
asad
London, UK
Posted Anonymously
12 years ago
Nov 4, 2009 11:06
Xaron,

Welcome to the Forum!

If you go through the members' posts for the last quarter, you'll see the members CONSISTENTLY asking how and when to trade...and Ashraf CONSISTENTLY telling that he'll NOT advise...but ONLY give an opinion on it!

Try asking Ashraf, 'Should I short oil at 80?'...and a typical Ashraf reply would be 'I can only tell you a range - it is your initiative to place a trade...' (ok, s/thing like this). None here seem to think that Ashraf is 100% correct (it's normal)...and none here have burnt their accounts w/ Ashraf's help (have a poll).

I really DO NOT understand what, or who (I know this one), gave you the notion that Ashraf advises members on placing trades! He's always reiterated that this is not a advisory service (because it doesn't come for free). What I also recommend is to check out the posts of a certain, bitter member for the last quarter...and you'll understand why he seems to hold it against Ashraf.

Thanks v/ muxh and I hope I've made things clearer...


Asad
dragon
Singapore, Singapore
Posts: 3
12 years ago
Nov 4, 2009 10:32
Ashraf, read your Nov 3 article after I posted the question so many thanks on both counts.

Jack Dee, your previous post was crystal clear that you were setting out analytical probabilities but the health warning is appreciated. Your posts are very welcome so keep them coming!
Xaron
Munich, Germany
Posts: 528
12 years ago
Nov 4, 2009 10:32
No offense but I agree with Qin here. It was just a bit sarcasm, nothing more. ;) I mean, Qin just goes with the trend and buys dips. He's just more long term focused (like I am). Personally I don't see such a 3% drop in the Aussie nor do I see a 70% chance of a weekly close below 1.4550 in the Euro. But that's my view and of course I can be wrong.

To me it's rather funny to see all those guys here asking for advise how to trade. Ashraf I see no point in doing that. Ok, sometimes you're right and sometimes you're wrong. That's ok as this is just normal. But some here seems to think that you're right 100% and burn down their accounts.
Jack Dee
United States
Posts: 6
12 years ago
Nov 4, 2009 3:51
Dear Montmorency,

The spike in the USD index was a false one. At one point, the data point showed the index at over 77.14. The brokerage houses then had to cancel all the trades during the spike time period. It was a mess. Not sure what the "real" spike value is for today as I am getting different readings from various bank sources.

Also for those reading my post, please re-read. I am not predicting where the dollar will go. I am helping the group be prepared for and plan for a POSSIBLE upcoming scenario. The USD index may not ever breached that level this year.

But since it is close to it and the possibility exists, IF the resistance level gets broken, then a prepared trader will be able to ride the wave of short covering and garner a decent amount of pips. Which is my fondest hope for all the members of this group.

-Jack Dee
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Nov 3, 2009 23:39
Qin, do you still take yourself seriously?

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
12 years ago
Nov 3, 2009 22:39
ashraf, why not just say AUD/USD will back to 0.7 before it reach 9.5 by the end of this year.....I am sure you will be 100% right on either way.....
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Nov 3, 2009 17:32
dragon, check out my AUDUSD chart in latest article. Aussie has and will go drop by at least another 3%.

Ashraf