Forum - Commodity FX (CAD AUD NZD NOK) (Topic)

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Dec 8, 2010 19:37

AUSSIE TRADERS watch tonight's Nov employment report (00:30 GMT), which could well provide the fundamental catalyst for extending the classic bearish formation in the charts below. Aussie Nov employment seen +20K from 29.7K and the unemployment rate seen at 5.2% from 5.4%. A positive may support AUDUSD back towards the 0.9880s but as long as no weekly close occurs above 0.9950s, the formation remains valid. Also watch out for the possible materialization of a Chinese rate hike later this week would be a negative for AUDUSD as has been the case in previous tightening. 09760 and 0.9640 appear the next key levels of support. The 500-pip rebound from Dec 1 to Dec 7 may have well stopped out several shortsbut much talked about right shoulder resistance of 0.9950-60 was never broken as far as a daily close is concerned.
http://chart.ly/ e73rwly

Ashraf

Lisa Mishpeka

Samoa American

Posted Anonymously

13 years ago

Dec 8, 2010 19:36

Ashraf, I know what time frames are. The case I pointed out this morning has nothing to do with time frames. It was about you making a call that AUDUSD has broken its H&S pattern is going to 1.00 and several hours later you were telling that this same H&S is still intact ("A classic chart pattern than couldn't lie"). I think I am very clear what I mean. Period.

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Dec 8, 2010 19:30

Lisa, you are right about me making calls non-stop. You care wrong about me making conflicting ones. The more you speak on this forum, the more you contradict yourself or you probably do not understand the nature of crosses such as long USDCHF short EURCHF = short EURUSD. When I say gold remains bullish in medium term but is bound to selloff as long as it does not break above 1389, it means exactly that. The problem, is that many people tend to have low attention spans and pick up 1/3 of that sentence. I could go on with other examples.

If you fail to understand/read/grasp/comprehend the many REPETITIVE charts of AUDUSD, S&P500 and EURUSD and the nonstop videos and IMTs and tweets I posted (which have been so consistent to the extent that many have pointed out that i keep on repeating the same calls)..if you cannot notice that, then good luck to you and stop wasting my time and yours.

so why dont you take the time and make the effort to read my work, before you start talking about credibility and conflicting signals.

Ashraf

Lisa Mishpeka

Samoa American

Posted Anonymously

13 years ago

Dec 8, 2010 18:54

Ashraf, the point was that you make calls non stop, even conflicting ones, as I pointed this morning. In such a case there is a good chance that you will get some of these calls right. Later on you highlight your good calls and forget about your bad calls. Sorry but I do not see this as helpful. Maybe you think that this is helpful to your image but I do not think so.

said

mulhouse, France

Posts: 2822

13 years ago

Dec 8, 2010 18:46

eh loudsleeve
so no more comment from the two way or do i have to interpret that as a no talk order
dnt get oo high buddy and welcome.

catnip

Frankfurt, Germany

Posted Anonymously

13 years ago

Dec 8, 2010 18:02

long aususd @ 9763

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Dec 8, 2010 17:31

hey bojan, thanks but i wouldnt bother. just look at her other comments. Some people came to the site yesterday or the day before.. and they talk about my credibility today. what can you do?

At the end of the day, the H&S formation was first communicated on Nov 23rd and it remains valid. 0.9550 remains.

Ashraf

bojan

Arizona, United States

Posts: 111

13 years ago

Dec 8, 2010 16:33

@ Lisa,

don't be so quick to criticize. we all get mad when things don't go our way, and to point when someone makes a mistake. Bad calls are commen in this business, almost as good calls, and all of us are trying to have more good ones than bad, so we can survive and make money. I want to point out that Ashraf's call is still good for AUD/USD, but the one (trader) has to define it's comfort level of risk/reward and STICK WITH IT. Otherwise it is impossible to trade the market, at least successfully.
It is not necessary to point out Ashraf's good calls, they are all in this website. He does not remove any calls good or bad. Sum them up and you decide does he deserves respect or not ?

I wish you good luck, and good trading

b.

p.s.

I don't wont to even mention Ashraf's info on twitter. Sometimes he is faster than newswires. Who else does that ?

Ashraf Laidi

London, UK

Posts: 0

13 years ago

Dec 8, 2010 14:34

Lisa, yes sure. I said "we can say it is broken" and then I changed my mind because I gave a reason to the change of mind (being we needed to CLOSE day above 0.9930). Since you are good at scrutinizing my words, you should do a better job in reading all of my tweets.

And if you think i have lost credibility, then that is perfectly fine too.

Ashraf

Lisa Mishepka

Samoa American

Posted Anonymously

13 years ago

Dec 8, 2010 7:12

Ashraf, I think you stick to the rule that when you talk too much at least you will get something right.
For example: Yesterday afternoon you tweeted this:

"Yes, we can say that $AUDUSDright shoulder is broken & 1.00 could well be in the works."
http://twitter.com/#!/alaidi/status/12080916369252352

An hour ago you tweeted this:

"A classic chart pattern than couldn't liehttp://bit.ly/euIQch #aussie #forex how quickly gave up 09600 $FXE $$ AUDUSD H&S formation intact as long as no break of 09930-40.Need fund catalyst"
http://twitter.com/#!/alaidi/status/12391197179908096

This is funny. You lost credibility.